How bad is China’s economy? The Chinese say the 11 social phenomena that occurred during the 1929 Great Depression in the United States have all surfaced in China.
1. Both stock and bond markets have crashed.
2. High unemployment.
3. Oversupply as a result of weak consumption.
4. Many people lost their homes and couldn’t afford rent.
5. Young people moved in with their parents and in-laws.
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#ccp #china #leisrealtalk #economy #greatdepression #financialcrisis #realestate
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