China’s top problem isn’t COVID
International Business Times: Juscelino Colares, the Schott-van den Eynden Professor of Law, discussed the burst of China’s housing property bubble, which may lead to a prolonged stagnation of the Chinese economy. “China’s housing and commercial real estate bubble, the result of the marriage between China’s export-oriented growth model and the Chinese people’s high savings-to-consumption ratio, is getting more serious by the day,” he said.