The 2018 US semiconductor restrictions on China triggered a panic among Chinese policymakers that is evidenced in bank lending data, where lending to real estate and consumers plummeted starting in 2018 while all capital was redirected to building industrial self-sufficiency across every vertical.
causalpending
Speaker
Louis GaveEvidence Quote
“If you look at bank data, at bank lending to real estate and the consumer starting in 2018 it plummets. And all the money goes to to industry.”
Source
The Bull Case for China: The Best Opportunity Right Now? | Louis Gave— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:22:54 PM
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