🇨🇳 China's real estate crash: more than $18 trillion has evaporated! 📉
Since 2021, the market value of China's real estate market has evaporated more than $18 trillion, even more than the total loss of the 2008 US financial crisis! This is one of the largest wealth collapses in modern history.
🧱 What is happening now?
Evergrande and other real estate giants have exploded one after another, with huge debt defaults
Buyers' confidence in first-tier cities has collapsed across the board
Strict policies + weak economy = continued industry downturn
💡 Why is this critical?
Real estate supports 25%-30% of China's GDP
Most of the wealth of China's middle class is bet on houses, which directly hits consumption capacity
Weak demand in China may affect commodities, global exports, and even the liquidity of the crypto market
🔮 What might happen next?
Beijing may introduce more stimulus policies, but real estate is unlikely to recover quickly
Funds may start to flow into non-real estate assets, such as $CFX, $PENGU and cryptocurrencies
Crypto traders should be highly vigilant:
Global liquidity is shifting, which may bring sudden and drastic fluctuations!
The real estate bubble has burst, and a rapid recovery is almost hopeless. Slow bull market may become the new rhythm.