Potential Fallout from COVID-19 In China


Long-Distance Migrant Workers and Potential Fallout from COVID-19 In China by Greg Presseau Of Perennial CapitalQ1 2020 hedge fund letters, conferences and moreSome developments in China that could become a bigger problem should the economy continue to stagnate.China’s long-distance migrant worker population has dropped 50mm to 122mm as workers return to rural areas40% of China’s urban population owns two or more homes. In other words they are landlordsAs migrants have left urban areas, 13% of urban housing could be distressedBanks have facilitated property ownership by providing loans to land…

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