Are There Any Benefits of a Bubble for China?

The video discusses China's real estate market, focusing on local governments' reliance on real estate for revenue and the challenges they face in implementing cooling measures. It highlights Beijing's dilemma in balancing real estate growth with control, given the significant portion of household wealth tied to real estate. The wealth effect on consumer spending is explored, along with innovative ways to monetize real estate wealth, including risky financial practices that facilitate capital outflow.

How does the wealth effect influence consumer spending in China?

What are some innovative ways that households in China are trying to monetize their real estate wealth?