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Evergrande's Bankruptcy Will Drive World Financial Turmoil
1 year ago
7
2023.08.19 Infiltration files: Evergrande bankrupt, CCP’s Collapsing Economy, Next Financial Crisis Communist China's real estate industry crash will be way more serious than the real estate crashes in the United States in 2008 and Japan in the 1990s. Because the total value of real estate in the United States was three times that of GDP in 2008, and the total value of real estate in Japan was twice that of GDP in the 1990s, but in Communist China, the total value of real estate is already more than 10 times that of GDP.
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