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And Occupy and Tea Party were direct consequences. CCP runs on legitimacy and economic growth. Don’t bail out? Lose some. Do bail out? Lose some.
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i kind of expect them to bail out in some direction because of the downside risk to the entire real estate market like even moreso than in the US apparently Chinese household wealth is concentrated in their homes Evergrande has down payments on more than 1M unbuilt houses :/
End of conversation
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