Its the side of the equation that no one is talking about.
If so many households can no longer afford to live in their own homes, who's home will they live in. They have to rent..........
And so the cycle goes.
Big busts in the worlds history occur when PE ratios get to high and the world looses its ability to consume.
Remember around 200 million Yanks and over 2 billion Chindians. So thats 10 times the industrialisation to happen in a shorter time than it took the yanks without factoring in population growth.
There is only one thing the Chinese worry about - where they are going to get their natural resources for to sustain that industrialisation over the next 50 years. Once you start it you can't stop it.
GET OVER IT
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