The housing bubble that popped in china wiped out twice as much capital for Chinese citizens as the 2008 housing and banking crash in the world. Their standards of living have been decaying since 2020 and there is no sign of improvement honestly. Quite the opposite as tariffs, lower exports, automation and the AI craze drive unemployment.
The housing bubble that popped in china wiped out twice as much capital for Chinese citizens as the 2008 housing and banking crash in the world. Their standards of living have been decaying since 2020 and there is no sign of improvement honestly. Quite the opposite as tariffs, lower exports, automation and the AI craze drive unemployment.