✉️ OUR NEWSLETTER: https://www.abundantia.co/ 📚 OUR COURSE/MEMBERSHIP: http://jointheorder.co/ 🎫 JOIN OUR CHANNEL (get perks): https://bit.ly/3e1Mhso China's economic crisis is getting worse, and it's got everything to do with housing. And if you saw our story from two weeks ago about China's economic crisis, well this was only half of the story. Right now in China, it seems like things couldn't get much worse for its economy. But that's when you realise there may be an estimated 50 million empty homes throughout the country, as a result of property developers biting off more than they could handle, as well as getting greedy. The result is that thousands of people are now refusing to pay mortgages, and many Chinese banks are on the verge of collapse. China is also filled with ghost cities, comprising millions of empty apartments. This is one of the biggest economic news stories on the planet right now, however it's not getting the kind of coverage it should in the media. And quite possibly, that's because the CCP is possibly trying to suppress this real estate story from getting out. I'd love to hear your thoughts on this below. 0:00 - China's real estate bubble 1:10 - Why real estate is so important in China 2:13 - How China's bubble started to grow 4:26 - The big Chinese real estate scam 6:54 - How this could affect the West 7:50 - It's a big lesson in debt ► IMPORTANT LINKS: Enter your email via the link below for free weekly lessons and insights into becoming financially free, investing, global tax and corporate structures, passports, residencies, and more. JOIN: https://www.abundantia.co/ ► SOCIAL MEDIA: • Abundantia Instagram: @abundantia.co https://www.instagram.com/abundantia.co/ • Sorelle's Instagram: @sorelleamore https://instagram.com/sorelleamore • Leon's Instagram: @leonhill https://instagram.com/leonhill • Abundantia Twitter: https://twitter.com/abundantiaco • Abundantia Facebook: http://facebook.com/abundantiafinance Sorelle and Leon. Founders, Abundantia Liability Disclaimer: https://www.abundantia.co/disclaimer *We may earn a commission if you buy any products or services via the links in this video's description. This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only. #HousingCrisis #China #XiJinping