China's housing bubble is quite easily the largest ever seen. Many people seem to think China can keep it under control even tough almost all of their GDP is based on property development, and Chinese people only really invest in real estate. Outstanding credit at the end of 2016 amounted to 258 percent of gross domestic product, up from 162 percent a decade earlier. They are buying up houses on credit, not living in them, and hoping they hold onto it and can up sell, all the while the building of all of it is subsidized by the PRC government. Since people aren't living in these houses there are now huge cities with no one living in them. Many Chinese people believe it will never burst and buying real estate is a good solid investment. So, if and when the bubble bursts will it take down the entire world's economy with it, or will it only destroy the PRC ? I think within our lifetime we will see the PRC collapse along with mass starvation and revolution. With that I think we will also see a large increase of Chinese immigrants to America, and Canada's west coast. So, /pol/ what are your thoughts, and can it be prevented, or is this inevitable ?
https://www.youtube.com/watch?v=BcyYyyaPz84
bump
>>131577259
The PRC will never crash, the state is too strong.
>China's economy will soon crash, says the increasingly nervous American for the 20th year in a row.
China's economy isn't like the west's