Thursday, December 12, 2024

Tag: Kyle Bass: China’s Xi Intentionally Crashing Housing Market

Kyle Bass: China’s Xi Intentionally Crashing Housing Market, Preparing for War

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    from The Epoch Times:

    Dallas-based hedge fund manager Kyle Bass is predicting big economic issues for China throughout 2023, stemming from an overleveraged financial system, collapsing property market, and unsustainable birth rates.

    China, a nation accustomed to greater than 7 percent real GDP growth for the past 10 years, is seeing signs of economic sluggishness. “The volume of exports could actually shrink by 6 percent on average in 2022 and 2023,” predicted the BlackRock Investment Institute in an October report.