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China has empty cities the size of Houston. They even try to fake it by turning on lights at night but they don't fool our spy satellites. We know when we see big cities but no cars or people on the street. If we had the money, we could build a big city in the middle of the desert but that doesn't mean anybody will move there. There is a reason vast areas of the USA are empty. Nobody wants to live there.
I have been to over 50 Chinese cities in recent years and I can tell you you are terribly wrong.
Some apartments do not have long-term residents because many Chinese invest in real estate for their future. And Chinese do not like to rent their apartments.
People in the west have been saying that since the 1990s. You guess what? Nothing happened.
They often fail to realize that there is not only one rule or one model that leads to success.
I have been to over 50 Chinese cities in recent years and I can tell you you are terribly wrong.
Some apartments do not have long-term residents because many Chinese invest in real estimate for their future. And Chinese do not like to rent their apartments.
I just posted a link proving what he said. The reason for the housing build is because Chinese families have no other investment choice, but real estate. They buy houses and condos they can't afford in the hope that the investment will pay off. And the government keeps pumping money in to keep the bubble from bursting. But a day of reckoning will come with that kind of market, we felt it in 2007/8 timeframe here.
People in the west have been saying that since the 1990s. You guess what? Nothing happened.
They often fail to realize that there is not only one rule or one model that leads to success.
Trust me. They are going to fall and hard. Soon. Their whole economy is built on lies and speculation. Just like ours.
I just posted a link proving what he said. The reason for the housing build is because Chinese families have no other investment choice, but real estate. They buy houses and condos they can't afford in the hope that the investment will pay off. And the government keeps pumping money in to keep the bubble from bursting. But a day of reckoning will come with that kind of market, we felt it in 2007/8 timeframe here.
But you need to know wages in China increase more than 10% per year.
You also need to know China has one child per family and the parents are willing to pay for their child.
The debt/GDP ratio is 5% in China, and savings rate over 30%. They are totally different from Americans.
But you need to know wages in China increase more than 10% per year.
You also need to know China has one child per family and the parents are willing to pay for their child.
The debt/GDP ratio is 5% in China, and savings rate over 30%. They are totally different from Americans.
So you admit there are large vacant cities and an artificially created fake market place that's doomed to fail there?
Their rates don't increase by 10% a year on income. There are a very select few who are making money hand over fist, but the poor farmer isn't getting the benefit. The GDP rate of china is because of the fake market they created.
So you admit there are large vacant cities and an artificially created fake market place that's doomed to fail there?
Their rates don't increase by 10% a year on income. There are a very select few who are making money hand over fist, but the poor farmer isn't getting the benefit. The GDP rate of china is because of the fake market they created.
China's economy is an illusion.
Again, please visit China and then judge.
50% Chinese are still farmers and they are rushing into the cities. Just imagine how big the market is!
My hometown is a small city in west China and they sold 200+ apartments during the Chinese new year holidays!
Why? The farmers want to move to the city.
Even the used-to-be ghost cities are filled rapidly, because everyone is making more money..
Again, please visit China and then judge.
50% Chinese are still farmers and they are rushing into the cities. Just imagine how big the market is!
My hometown is a small city in west China and they sold 200+ apartments during the Chinese new year holidays!
Why? The farmers want to move to the city.
Even the used-to-be ghost cities are filled rapidly, because everyone is making more money..
Sounds to me like you're having trouble keeping your story straight in the face if factual data.
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