I'm contemplating the possibility that China may want to a trade conflict that will burst the real estate bubble, and so transfer the blame on America.
A bubble burst is inevitable, as in all bubbles. If the bubble bursts, many Chinese home buyers will be very angry, and they will start to blame the property developers and government officials. And we know that in China, when people get angry, it is a violent affair, i.e. Xinjiang, Tibet. Stability of the country will be at risk.
However, if the CCP can convince the people that they are not culpable for the bubble burst, not only can they escape responsible but may even end up as heros, as we saw happened in Sichuan earthquake, 'an act of god natural disaster' when more than a hundred thousand people died because of bad building construction due to corruption and poor enforcement of building codes, but the CCP scored credit at the end because of the shift rescue efforts.
A bubble burst is inevitable, as in all bubbles. If the bubble bursts, many Chinese home buyers will be very angry, and they will start to blame the property developers and government officials. And we know that in China, when people get angry, it is a violent affair, i.e. Xinjiang, Tibet. Stability of the country will be at risk.
However, if the CCP can convince the people that they are not culpable for the bubble burst, not only can they escape responsible but may even end up as heros, as we saw happened in Sichuan earthquake, 'an act of god natural disaster' when more than a hundred thousand people died because of bad building construction due to corruption and poor enforcement of building codes, but the CCP scored credit at the end because of the shift rescue efforts.
Comment