{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"House prices in China have already started dropping, but why? Xi's plan not rate hikes.","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/329c5d3b\"></iframe>","width":"100%","height":180,"duration":1123,"description":"The PBOC in October '19 estimated that 70% of Chinese household wealth is tied up in real estate of one kind or another. China's economy had been heavily investment oriented with a lot focused on residential dwellings. Xi Jinping's \"common prosperity\" is therefore a direct threat to the financial wellbeing of the vast majority of urban households (thus enforcing draconian \"pandemic\" policies to \"gently\" remind them they don't get a say) with fallout already being felt far beyond Chinese home markets and China itself.","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}