That’s a great question, I don’t know enough to speculate but as I understand it the housing debt is centralized with the governments central bank rather than private banks, and I believe that means they would have no problem writing debt off if need be. Just like they’ve done with certain loans in the BRI. But who knows.
That’s a great question, I don’t know enough to speculate but as I understand it the housing debt is centralized with the governments central bank rather than private banks, and I believe that means they would have no problem writing debt off if need be. Just like they’ve done with certain loans in the BRI. But who knows.