Jump to content
House Price Crash Forum
Sign in to follow this  

Loved This On Itulip

Recommended Posts

"...According to Wu, Chinese banks' lending to the real estate sector stood at 3.07 trillion yuan (US$380 billion) by the end of 2005, accounting for 14.84 percent of all Renminbi lending by China's financial institutions. This is equivalent to 16.75 percent of the country's gross domestic product (GDP) in 2005."

The deputy governor noted that the bursting of the housing bubbles in Hong Kong and Japan produced a disastrous effect on their economies, and central banks in the region have been closely watching the sector since then.

AntiSpin: You know you're in trouble when the central bank of a single party state is more open and public about its housing bubble than its counterparts in supposedly pluralistic, multi-party democratic nations.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.