That is headline news at ifeng. Some trader said when seeing the continually falling yuan, "If the yuan starts depreciating, first tier home prices will fall 80%......."
人民币五连跌背后:可能是管理层出手干预
I would not be shocked if first tier home prices fell 80% adjusted for yuan depreciation and price decline, but this headline does not lead to a speculative analysis of how currency depreciation could accompany a bursting of the real estate bubble. It is just a throwaway line in an article about the renminbi falling for 5 straight days.
So why is this headline news? Social mood. Fear is high and rising in China.
Casino Mooted for Country Garden Malaysia Project and More Asia Real Estate
Headlines
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Malaysia’s prime minister is hoping to persuade some patriotic tycoons to
open a casino in Johor to revive an ill-fated Country Garden project, with
that...
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