cross1993
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you have to sell it then got thr GDP
didi those guys ever went to school
Yes, GDP is calculated by the tax. No sell, No tax, No GDP.
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you have to sell it then got thr GDP
didi those guys ever went to school
Yes, GDP is calculated by the tax. No sell, No tax, No GDP.
If I want to find even the slightest bit of negative news about China, I can always come here and be sure non-Chinese are starting a thread about it. Pathetic, really.
These ghost cities aren't a problem for China. Not one bit. Chanos is wrong and Rogers is right.
This is Chinese people borrowing money from Chinese people to build real estate in China.
This is different from Spain where the money is borrowed from Germans. Or the US where the money is borrowed from the Chinese. Or India, where no one is lending them money on this scale to build anything.
Westerners act like consumerism is the hard part. NO. Consumerism is the easy part and Chinese people spend money as well as anyone. The two biggest market for luxury watches for the last 20 years has been Singapore and Hong Kong. The US has $50 TRILLION in public and private debt. Anybody can learn to borrow and spend. That's the easy part. Chinese people want iPad 2 too. When China is ready (10 more years), it will release consumerism on a scale that will put the Japanese and South Koreans to shame.
Well atleast the Chinese are 10 years ahead of the demand whereas in India we are always 10 years behind the demand.
you have to sell it then got thr GDP
didi those guys ever went to school
Why are Chinese members agitated ? Because an Indian started this thread ?
If I want to find even the slightest bit of negative news about China, I can always come here and be sure non-Chinese are starting a thread about it. Pathetic, really.
These ghost cities aren't a problem for China. Not one bit. Chanos is wrong and Rogers is right.
This is Chinese people borrowing money from Chinese people to build real estate in China.
This is different from Spain where the money is borrowed from Germans. Or the US where the money is borrowed from the Chinese. Or India, where no one is lending them money on this scale to build anything.
Westerners act like consumerism is the hard part. NO. Consumerism is the easy part and Chinese people spend money as well as anyone. The two biggest market for luxury watches for the last 20 years has been Singapore and Hong Kong. The US has $50 TRILLION in public and private debt. Anybody can learn to borrow and spend. That's the easy part. Chinese people want iPad 2 too. When China is ready (10 more years), it will release consumerism on a scale that will put the Japanese and South Koreans to shame.
This is similar to my idea, except I was envisaging a revival of the gladiatorial games with real weapons. Basically you sign a waiver, build a 5 man tactical squad, and you're set loose in a empty city against other teams. The winner gets fame and fortune (and I think plenty of people are probably willing to do it)
You got it right on the first guess.
Get the PLA to do some urban laser tag.
I would agree with this if these were not mainly composed of luxury or semi-luxury apartments which are not what is needed for the urbanization effort. This is simply a result of poor planning on the part of developers and lax oversight by the central government who allowed prices to rise out of control and out of reach of the average wage earner. The recent announcement by the central government to build 10 million lower income homes will go a long way to cool the market for these higher cost housing units and hopefully will bring about a large price drop restricted to mainly these expensive unoccupied units.I suspect that these cities are a part of China's on-going urbanization project. There are still 700 million Chinese or ~50% living in rural areas, it is the Chinese government's goal to steadily decrease this number and get it to ~60% urbanized by the 2020's. Right now there are over-crowding problem in the bigger cities caused by rural people seeking better wages, once these cities are built and up and running (many of them are), it will help to alleviate this problem.
I would agree with this if these were not mainly composed of luxury or semi-luxury apartments which are not what is needed for the urbanization effort. This is simply a result of poor planning on the part of developers and lax oversight by the central government who allowed prices to rise out of control and out of reach of the average wage earner. The recent announcement by the central government to build 10 million lower income homes will go a long way to cool the market for these higher cost housing units and hopefully will bring about a large price drop restricted to mainly these expensive unoccupied units.