Efforts to Halt the Real Estate Crash in China Will Only Lead to Further Collapse

Efforts to Halt the Real Estate Crash in China Will Only Lead to Further Collapse

SGT Report - 2022-07-19 - Original post - Cached copy

by Mish Shedlock, Mish Talk: Local Government Funding Vehicles are offering very high interest rates to fund infrastructure. The interest rates are not sustainable. Tweet Thread by Michael Pettis TRUTH LIVES on at https://sgtreport.tv/ 1/6 Very good article on a very worrying (but predictable) trend: “LGFVs are finding it difficult to borrow from banks and institutional […]

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