China's 'housing bubble is finally popping' - Chen Lin

2022-08-18 9:36:00 PM

Kitconews, Gold

China 's ' housing bubble is finally popping' - Chen Lin kitconews gold silver finance economics investing metals mining

On Wednesday Lin spoke to Kitco. On Monday the People's Bank of China made a surprise interest rate cut to shore up the country's economy. The country has seen too much housing speculation, expressed Lin."The housing bubble is finally popping. There's a serious problem: a lot of empty apartments," said Lin who noted that a lot of people took on mortgages for uncompleted houses and apartments, and the deteriorating economic picture means that those projects may never get built.

Read more:
Kitco NEWS »

Fatal crash closes stretch of Deerfoot Trail on Friday morning - Calgary |

A fatal crash Friday morning had Calgary police shut down both northbound and southbound lanes of Deerfoot Trail between 32nd Avenue and 16th Avenue N.E. as of 3:45 a.m. Read more >>