China Taps $1.5 Trillion Fund To Offer Cheap Mortgages, Boost Housing Demand With China’s real estate sector now a pale shadow of its former self, when just five years ago Goldman defined China’s property market as the world’s largest asset class at over $60 trillion… … following countless bankruptcies and years of price declines, Beijing is again trying – after multiple previous failed attempts – to kickstart the one sector that is without doubt the most important to China’s middle class because, unlike the US, most Chinese wealth is concentrated in real estate not capital markets. As Bloomberg reports, China… — Continue at ZeroHedge News : Read More
