China's Property Woes Weigh on Economy

Fabiana Fedeli, M&G Investments, Equities and Multi-Asset CIO, discusses China economy and real estate woes. She speaks with Vonnie Quinn and Jennifer Zabasajja on Bloomberg Daybreak: Middle East & Africa.
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[@user-yy9hk9od9u]

On their stock market also

[@chriswang3252]

Didn’t know Saul Goodman has a sister

[@jagpreetsingh7272]

🎉🎉🎉

[@waltertodd4479]

Hike hike hike!

[@ArabicReja973]

Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?

[@thomasrogers9146]

THIS IS THE END OF WESTERN CASINO ECONOMIC SYSTEM IN CHINA. THEY ARE DONE WITH THIS GAMBLING BS.

[@lastChang]

China's Shimao, Vanke, Evergrande, and Country Gardens show investors shouldn't put money into any Chinese entity, not just the property sector.