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Houses Can’t Even Be Rented Out! An Unstoppable Great Depression

China

It’s understandable that high housing prices deter buyers, especially with the sluggish economy and weak real estate market. But now, even in top-tier cities, rental properties are sitting vacant—some landlords have slashed prices to as low as 1 yuan per square meter, yet still, no one is renting....

China's Economic Deflation and the Fish Spirit in Zhongnanhai

China

On March 9, China’s National Bureau of Statistics announced that the Consumer Price Index (CPI) for February fell by 0.7% year-on-year, marking the largest drop in 13 months. The Producer Price Index (PPI) declined by 0.1% month-on-month and 2.2% year-on-year....

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