Most is tied up in real estate debt, which is why they keep building the ghost towns, as property is the only way to really invest if you're the average Chinese citizen.
Not only homeland real estate, but real estate abroad. If I recall, in Canada, Chinese immigrants have been buying up land in Vancouver for a number of years.
I have seen their videos of high speed rail where the trains are photoshopped in lol. Wouldn't know about their train stuff though, haven't heard anything about it.
Real estate debt or railway debt?
Most is tied up in real estate debt, which is why they keep building the ghost towns, as property is the only way to really invest if you're the average Chinese citizen.
Not only homeland real estate, but real estate abroad. If I recall, in Canada, Chinese immigrants have been buying up land in Vancouver for a number of years.
I recently heard that the guy in china in charge of the rail system admitted that the rail system has a debt worse than the real estate market.
I have seen their videos of high speed rail where the trains are photoshopped in lol. Wouldn't know about their train stuff though, haven't heard anything about it.
https://youtu.be/gMrLr3qAeIM?si=cnqxTuUczFV_3G-e