Originally Posted by
Just a spotter
The construction sector has reached being 30% of GDP, compare that to high 20’s% for both Spain and Ireland at the time of the bursting of their bubbles.
A lot of domestic wealth will be destroyed when the bubble pops and that will be a big challenge to the Communmist Party. The Party has decided it’s time to act … but it may already be too late. Perhaps a nationalistic distraction may help.
That's exactly my impression (and worry). The consequence of China's bubble collapsing also from a World Economy perspective is a bit worrying, And I consider Xi's actions as of late as one of the most reliable indications that this is a very real risk. (Or someone's sawing on his chair - but that I don't see being the case).