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China Cracking - Joe Blogs
In this video I discuss the ongoing problems in the The Property Sector which continues to get worse. The property sector has accounted for around 25% of the Chinese Economy over the past few years and its collapse over the past few years has caused major problems for China. The latest data shows that New Property Prices and Sales revenue continue to fall. In addition to this unemployment and particularly youth unemployment is a big issue along with falling prices and producer prices. All of these issues represent serious challenges for the Chinese Economy.
Chapters:
0:00 Intro
0:40 NEW PRICES
3:36 NEW SALES
7:17 UNEMPLOYMENT
9:35 YOUTH UNEMPLOYMENT
11:00 RETIREMENT AGE WOMEN
13:00 RETIREMENT AGE MEN
15:59 INFLATION
16:37 PPI
17:53 SUMMARY & CONCLUSION