Real Estate News (Los Angeles, CA) — While Los Angeles and U.S. real estate has not felt much effects of the economic collapse in China, the ripple effects in the global economy are coming — from investment capital to supply chain collapse. Due to the nature of a world economy, as China goes, so goes the world.
There is a lack of follow-through on building projects, forcing many mainland China homeowners unable to get by living in unfinished apartments. See the video story here.
Citizens have lost confidence in the banks in China, and the government is helping to cover up the scandal. See the whole story here.
Six billion dollars in regular people’s savings were lost in a banking scandal. See the tragic consequences here.
Bank of Sichuan staff in China posts in public forum: ‘It feels like the end of world.’
ICBC the worlds largest bank suffers crippling cash shortage leading to a run on the bank brances across China. – Money is gone!
Intenet reporting continues to show consistent economic collapse in the wake of covid lock downs, along with economic failures in housing and commercial markets. By some accounts, China has already collapsed .
What do you expect the effects of the economic collapse to be in your life? #comment.
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