No more hot spotting
Unfortunately it will spread outside China. No one is talking about that either. Higher prices in China will be passed on. Current real estate prices will be impacted here. Etc..Experts are making increasingly grim predictions about the developer’s ability to hold on without a government bailout, and the consequences of a possible collapse.www.nytimes.com
Nobody has mentioned the collapsing real estate market in China. Developers are defaulting on their bond debts. Housing prices are falling. Foreign investors are wary. Real estate is ~30% of China's GDP. On top of Xi's draconian regulatory changes to multiple business sectors, this implies a recession has or soon will occur. Rising commodity prices only aggravate the pain.