If The China Property Bubble Bursts, Banks And Individual Wealth Likely More Impacted

The risk of the China property bubble bursting and impacting the macroeconomic environment “has become more pronounced,” Moody’s analysis observes. In fact, if a property bubble does burst, its impact would be more diffuse, impacting not only the supply chain as it has in the past, but more significantly the banking system and consumer wealth effect. Individual wealth impacted by China property bubble, top tier cities more impacted than others The impact of home ownership on household wealth has been on the rise. In 2013, it represented 62.3% of all Chinese personal wealth and has steadily risen since. In 2015…