@xulaoshi20
Since 2021, the collapse of China's real estate market has directly caused a loss of up to 18 trillion US dollars in Chinese household wealth. The data uses the comparison of the US subprime mortgage crisis in 2008, when US household wealth evaporated by 11 trillion US dollars.
Recently, I have a feeling that the RMB exchange rate is taking a sharp turn for the worse, because I have helped several big guys go overseas recently, and the difference can be dozens of basis points in a week. At the same time, the Hong Kong dollar is extremely strong. The Hong Kong channel will most likely be blocked soon in 2025, and cryptocurrencies will be in name only. Don't set up any cryptocurrency companies in Hong Kong, and you will soon understand the meaning.
House prices (stock prices), economy, and exchange rates are impossible triangles. Now you can only lose one and keep the other, or lose the other and keep the other.
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