The temptation for any government is to paper over its financial problems and let the situation feaster. China forced the savings of its citizens to all flow into real estate, except nobody can live in the apartment blocks built well away from the major cities.
Recognizing that developers had gotten out of control, the communist country has been reining them in with the prospect of imploding their entire economy in a real estate bubble of epic proportions.
China expert Serpentza, explains how this impending disaster was created and who is going to be wiped out when it finally collapses. Be sure to read through the comment for further insight as to the extent of this investment debacle. Watch