While China’s stock market continues levitating at an ever more amusing pace, this is happening at the expense of China’s far more important housing market, which sadly for three-quarters of China’s population (in the US 75% of household assets are in financial products, in China: in real estate) continues to deflate at a rate faster than US housing in the aftermath of Lehman. And for better or worse, Chinese home prices are likely set to drop even more, and not due to something as arcane as glitches in fiscal or monetary policy, but something far more tangible: technological advances, and specifically – 3D printed houses.

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