Xi Jinping's slogan 'financial security is national security' reflects a deliberate refusal to stimulate the Chinese real estate market, because when home prices reached 26 times median income men could not afford homes—Bass cites this as evidence that Xi has understood the asset-inflation-to-demographics linkage.
causalpending
Speaker
Kyle BassEvidence Quote
“Note, he has not stimulated his real estate market. when home prices in China got to be 26 times median income, um the men couldn't afford homes.”
Source
Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover Institution— Hoover InstitutionCreated: 6/18/2026, 2:17:47 PM
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