Everything has gone up in price for the last two years here. Literally everything Maoist propaganda is being put on every fence and area they possibly can. It’s xi’s language but mao in appearance.
These people are all newly wealthy and because of that they blow all of their money as fast as they can spend it.
This fortune won’t last past the current generation. Their parents money is drying up and everything costs more yet... wages are not increasing and actually in most cases going down.
My wife is a finance analyst for Goldman Sachs and she looked like she was having a meltdown looking at the Chinese situation.
Save more money spend less buy food reserves and ammunition.
When the great dragon shits the bed which it will it’s going to make 2008 seem like nothing.
My wife’s distraught and we know some serious shit is in the pipeline
What is the most frightening is how absolutely oblivious these Canadian goose wearing idiots to what’s coming
50 million empty apartments and these idiots are building thousands more daily
>50 million empty apartments and these idiots are building thousands more daily
Excellent, doing our work for us, all of them to eventually be populated by the CHAD DINARIC SERBIAN MALE
Jacob Brooks
Because it “stimulates” the economy and gives a false sense of wealth to many of the citizens that are now buying their 2nd, 3rd and sometimes 4th empty apperment, look up Chinese ghost cities the chink hustle is real.
Gavin Smith
China is getting ready for a purge
Xavier Jones
Are you talking about like landlords? Property owners hoping to lease? What would China need to do to course correct?
Joseph Price
No property they buy and hold as an asset or investment empty expecting the price to climb and sell it to someone for more down the road. But with all the building and the fact most families already own a few condos they’re heading to a worse property bubble than USA in 2008
Christopher Williams
user speak the truth , the 1 child policy will cause global chaos once the factories start to close due to lack of employees , the gender disparity makes things worse as women look for status not money and being a factory meat robot has 0 status which means that manual work will be seen as disgusting in 10 years.
Once a global crisis happens china is fucked massively. This is why the government is becoming orwellian as fuck , they know what´s coming.
>50 million empty apartments and these idiots are building thousands more daily
They are building shit with debt non stop because they know the demographic shock will happen soon , and would rather keep the economy working as fast as possible until then.
Something about boosting GDP so they can get into even more debt and launder the money or whatever
Elijah Lee
What an idiot.....
Isaac Cook
how's life in afghanistan? i've been in kabul 2 years ago on short vacation, pretty city.
Nolan James
The house market is in a bubble everywhere. UK and Canada are particularly bad example, but it is true for all western countries. Those house that boomers paid 50k and are now worth 10X? A bubble waiting to burst. It's not like millennials are starting families in droves and buying houses left and right. It's boomers selling to other boomers, chinese and arabs. I can't wait for the bubble to collapse. I don't care if I become even more of a poorfag. I just want boomers to suffer.
GDP is the aggregate output of your economy. Think about these huge projects building these apartments. You need to buy materials, equipment and manpower which boosts your “output” It’s literally all about muh gdp
Grayson Gray
GDP can literally be manipulated on paper, through inflation and through circular transactions
Justin Morris
Which I imagine china does also. They’re very secretive about their accounting so there’s know way for the world to know if they’re actually fudging their numbers when they talk about their GDP growth (they are)
Carson Mitchell
Let's just be honest everyone. Capitalism NEEDS war to be sustainable. People need to die so their capital can be seized and redistrubted back on to the market. People need to die so wages don't stagnate or decline and labor becomes more valuable.
True Socialism is the only true way to have peace within a nation. . The Chinese betrayed the revolution, now they pay for the sins of Capitalism
Levi Sullivan
You will never have the power to keep other powers in check. No one needs to ask you to sit down because you can't see over your chair.
