Loading ...Kyle Bass: China’s Xi Intentionally Crashing Property Market, Preparing For War
Bass is predicting big economic issues for China throughout 2023, stemming from an overleveraged financial system, collapsing property market, and unsustainable birth rates…
“What Xi figured out is the average birth rate of the average Chinese woman has dropped from over 2.1 to now 1.2,” the fund manager explained. Bass connected birth rates to house prices by pointing out that home ownership is essential to family formation.
“They can’t marry in the basement of their parent’s house, so they don’t,” he added. “The birth rate started collapsing, and we all know the demographic curve of China looks terrible because of the one-child policy, but this supercharged the problem.”
“Xi decided to squash real estate. He knows it has to come down and stay down.”