Comments
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DRFurthermore when the government raised the limit of min. deposit to 50% for home purchases, developers began to use financial gimmicks to subsidize 40% of deposits. No, its not soothing as he claim.
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DRI would disagree that the household debt is at manageable level, since a lot of the home purchase money comes risky WMP which in itself is leveraged and invested in properties.
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pkThanks for kind words!
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pkThe productivity issues will be huge going forward. They effectively have a full employment policy due to social stability and that doesn't work in a world where tech replaces labor everyday.
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spGood Stuff. As investors on ground i completely agree. The buhaha surrounding the shadow banks in China is preposterous. China has a productivity issues rather than debt problems.
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SFBalanced perspective on a highly complex topic. loved it! Best video so far in my opinion.