Thank lin you are the best channel for finance summary Making difficult to understand subject into easy and humour yet very detail. You are the best 11-8-2023
has nothing to do with the federal rate in U.S. The main reason is that the real estate industry is saturated and not sustainable now. The ratio between the average house price and average annual income in tier-1 chinese cities such as Beijing and Shanghai is 4 or 5 times higher that the ratio in New York and San Francisco, the two most expensive cities in U.S. The ratio between the living cost and average income in Chinese cities are among the highest in the world.