Peter Tasker : In 2021, price to income ratios in Beijing were at 25x and near 20x in Shanghai. In the Japanese bubble, affordability was less strained with ratios over 10x, but that marked a doubling in three years, and price rises in the commercial sector were equally explosive.
Peter Tasker : It’s hard to make exact comparisons between countries at such different stages of development with their own systems of taxation and finance, but investment scholar Edward Chancellor notes, using data from real estate specialists Savills, that the total value of Chinese real estate is equivalent to 5.5x the country’s GDP.
Peter Tasker : By comparison, Japan’s land-to-GDP ratio peaked out at 4.8x when the bubble burst in 1991. Any way you look at it, China’s real estate excesses are of a monumental scale and purging them will be a painful process.
処理したごみの中からは複数のリチウムイオン電池が見つかり、組合は電池が発火したことで火事が起きたとみています。
