A report in 2014 showed that 75% of [Chinese] household wealth had been sunk into real estate. Whatever the percentage is today, it’s high, to where major declines in house prices have caused uproars.

Uproars are exactly what Chinese authorities fear more than anything. But they also fear bubbles, having seen how they implode – and cause uproars…

[Full Report – WolfStreet.com 9/12/16]