Kyle Bass: China’s Xi Intentionally Crashing Housing Market, Preparing for War

[Epoch-Times-Bot]

Kyle Bass: China's Xi Intentionally Crashing Housing Market, Preparing for War

Dallas-based hedge fund manager Kyle Bass is predicting big economic issues for China throughout 2023, stemming from an overleveraged financial system, collapsing property market, and unsustainable birth rates.
China, a nation accustomed to greater than 7 percent real GDP growth for the past 10 years, is seeing signs of economic sluggishness. "The volume of exports could actually shrink by 6 percent on average in 2022 and 2023," predicted the BlackRock Investment Institute in an October report.
Bass, founder of the asset management firm Hayman Capital and prominent China hawk, claimed the Chinese are in a financial conundrum of their own making. "They have architectural problems," the fund manager said in a Dec. 17 interview on the podcast Forward Guidance....

Source: Kyle Bass: China's Xi Intentionally Crashing Housing Market, Preparing for War

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