Since when have 18-24 year-olds EVER been able to afford to buy a house?
2. Chinese wealthy know something very bad is about to happen in China. What could it be?
Could there be crackdowns in China, another Tien a Mien Square (sp?) Massacre in China’s future? In spite of all the free market reforms in China, let’s all remember that China is still a totalitarian country, nominally communist but definitely ruthless and totalitarian.
I’ve long believed the point you made in item #2 since she basically adopted a form of “openness”.
Modern China seems, IMHO, a really, really tall house of cards.