“The surge in Chinese home prices and loan growth over the past five years has surpassed extremes seen in Japan before the Nikkei bubble popped in 1990. Construction reached 12pc of GDP in China last year; it peaked in Japan at 10pc.
Mr Nishimura said credit and housing booms turn ‘malign’ once the ratio of working age people to dependents rolls over as it did in Japan. China’s ratio will peak at around 2.7 over the next couple of years as the aging crunch arrives. It will then go into a sharp descent, compounded by the delayed effects of the one-child policy.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Federal marijuana decision clears way for Oregon hemp production
Iranian hemophilia society: U.S., EU sanctions endanger lives
Justice Department sues to block US Airways-American merger
Officer Arrested For Stealing Cash From Motorists
Spain Recoils as Its Hungry Forage Trash Bins for a Next Meal
Greece May Need Billions More in Emergency EU Aid
'Being anxious and afraid does not justify attempting to execute a man'
Australian firm launches ‘anti-shark’ wetsuits
New EPA chief: Can we stop talking about regulations killing jobs, please?
Road is built around a house after elderly Chinese couple refuse to move
Canadians among top buyers, sellers on Silk Road, the new eBay for illegal drugs
Minnesota's Snowbird Tax
Hollande warns on euro strength, denounces markets for currencies
Brazil Builds Internet Cable To Portugal To Avoid NSA Surveillance [2014]
Don't Expect Bitcoin to Die Off Anytime Soon