RE: ITS 2.5 TRILLION YUAN
Yes, that looks more like the real number. Converting it to USD amounts to about $357 Billion — Still, an astronomical number !!
Staggering number.
From what I read, some of these companies are in a lot of trouble and they experts said they cannot meet the debt cutting goals they have put forth.
Now that’s a bubble!
Yet MANY Chinese are chasing the real estate prices.
That’s scarier.