#chinainsights ” After calculation, I would have lost about 600,000 yuan or 87,000 US dollars.”–one homeowner. An important sign of China’s deteriorating economy is the significant increase in the number of foreclosed homes in 2022. China Index Academy says this is a historically high number. Some people may think that those who bought multiple properties are too greedy, which has led to their tragedy today. That’s not necessarily true. In China, people’s cash on hand is insecure, shrinking due to inflati
