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China’s economy is struggling with ten major problems, ten plagues. But no god will save the country, as in the Bible, although President Xi Jinping allows himself to be worshiped like a god. Realistically, the country has only two options to avoid a permanent economic slowdown.
Beach 1: Immobilienblase
Japan’s two lost decades began with a gigantic real estate bubble that burst in the late 1980s. In China, too, there has been a huge construction boom in recent years, which is now ending in a debacle.