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0 pointsWhisperingShiba4y ago0 comments

I think the complicating factor is that the Chinese housing market is where the people of China attempt to have savings.

A major housing market panic in China could create a lot of despair and unrest in China.

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4 comments · 1 top-level

jjoonathan4y ago· 3 in thread

Which would challenge CCP legitimacy, which would push the CCP to rely on the time tested tactic of blaming someone else and going to war over it.

I really, really hope I'm wrong about that.

whimsicalism4y ago

The CCP has a long way to fall - it is much more popular among its populace than our government is and we aren't seeing substantial armed rebellion here yet.

The dynamic in China is that the central government is overwhelmingly popular and the local governments are more derided.

stickfigure4y ago

Eh? We just voted the guys in charge out last year. No need for armed rebellion, but same results.

What happens in China when public sentiment shifts is anyone's guess.

WhisperingShibaOP4y ago

Most people in the world do not actually want war. I'm quite confident that, while we have not evolved past being mean to each other and dumb scarcity mindsets, that the average person knows that any warfare is bad for them.

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