Prc consumer spending was largely fueled by debts. Construction was 25% of GDP, most were bought to speculate and supply > demand. Except 1st tier cities, most poorperly will likely take a long time to find it's footing.

https://www.wsj.com/world/china/whats-wrong...charts-efc2ea5f

This post has been edited by icemanfx: Mar 1 2024, 08:46 PM

China's securities watchdog has accused a core unit of China Evergrande Group of inflating revenue by nearly $80 billion over two years before the developer defaulted on its debt.

The China Securities Regulatory Commission has imposed a fine of 4.2 billion yuan ($580 million) on core Evergrande unit Hengda Real Estate for inflating revenue in 2019 and 2020 by a total of 564.1 billion yuan, Hengda said in an exchange filing late Monday.

https://asia.nikkei.com/Business/Markets/Ch...revenue-by-80bn

The tip of iceberg?