Quote from: RE on Apr 16, 2025, 10:51 PMThe only thing keeping China's property market from imploding is state intervention on a massive scale. For somebody who doesn't like big goobermint, I find your enthusiasm somewhat hypocritical. You don't get bigger than the CCP.
RE
China being "toast", a decade or so back on the diner, wasn't really presented as a narrow statement, it tended to more inclusive of overall economic decline/demise. "Demise" being more appropriate to the idea of "toast" probably. Your statement preceded by "the only thing keeping...." is itself an indication that it certainly isn't toast yet for at least one reason, and there could be others that none of our amateur analysis is aware of.
This has great similarity to early 21st century peak oil claims. While many proclaimed peak and the end, others, better understanding of the systems and sciences involved, weren't even breaking a sweat, and were happy to tell folks why. The Chinese seemed to have kept their secret to themselves to date, although us amateurs are certainly allowed to speculate.