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China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of
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China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of Chinese household wealth. It is devasting for consumer confidence.
It's no wonder that total bank loans fell for the first time since 2005 when China was a small economy.
A balance sheet recession is underway. The implications for the rest of the world are not pleasant.
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It's curious the entire world is asking ISRAEL to stop fighting and NO ONE is asking Hezbollah to stop shooting at us! 🤔
There are 60,000 displaced Israelis in the north.
When you see so many Iron Dome interceptions it means the rockets were directed at the denser civilian zones
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#BREAKING
China claims religious freedom in Tibet, but the reality tells a different story. Monks and nuns in Dege County(སྡེ་དགེ།) are in tears, pleading to halt the dam project on the Drichu River(འབྲི་ཆུ།), jeopardizing 6 monasteries. #Tibet #ReligiousFreedom
#Safetibet
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And here is a scene from life itself at Shifa Hospital: one of the Gazan children waved goodbye to us from the hospital. I called him to come to us, he didn't speak much but you could understand: they are in the hospital because the Air Force missiles don't reach there. They…
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Arizona just announced that it could take 10-13 days to tabulate all votes…
Taiwan just held their election.
They require photo ID and use paper ballots. They hand-count the votes of each station one by one, in public view. There are no mail ballots.
It’s all done in 6 hours.
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"Rescue teams, please come quickly! Look, so many people are calling for help!" said the woman filming this video.
This is near the Dashiqiao Market on National Highway 107 in #Zhuozhou City, #Hebei Province, #China, where continuous calls for help can be heard.
Hebei's Zhuozhou…
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China-Israel’s relations are solid and sound, based on common understandings and commitments. We might have disagreements on various policies, but nonetheless we regard each other in a respectable and dignified manner.
The war that broke out on the 7th of October, is a war…
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