That is headline news at ifeng. Some trader said when seeing the continually falling yuan, "If the yuan starts depreciating, first tier home prices will fall 80%......."
人民币五连跌背后:可能是管理层出手干预
I would not be shocked if first tier home prices fell 80% adjusted for yuan depreciation and price decline, but this headline does not lead to a speculative analysis of how currency depreciation could accompany a bursting of the real estate bubble. It is just a throwaway line in an article about the renminbi falling for 5 straight days.
So why is this headline news? Social mood. Fear is high and rising in China.
继众院之后 美参院通过援助乌克兰以色列台湾法案
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美国国会参议院周二(4月23日)晚间以压倒性多数的票数,通过了950亿美元外援方案,向乌克兰、以色列和台湾提供 […]...
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