China might have already lost the trade war

[Tomboy-]

Someone needs to be a national of a country, fluent in the language and knows the cultures very well to be an expert.

No doubt real estate is expensive in Shenzhen, but most residents are from other places of China, most people can choose and have chosen to buy cheaper in their hometowns. Shenzhen is a place where Chinese come for more money and send it to families in cheaper areas of China.

Also, those who decided to settle in Shenzhen are buying in the cheaper northern districts of Shenzhen instead of the expensive districts adjacent to HK. There are many commuters in SZ living by such a way.

The original Shenzhen people have rental income and became owners of real estate long long time ago.

Originally Posted by 415_s2k

Yeah, in all of my years living in China, being married to a Chinese woman, having a family here and opening businesses here, being here physically right now typing this, I don't understand it.

Prices of real estate are falling here in SZ. You say there is no housing bubble because the Chinese are special or magical or something but the PTI housing ratio for Shenzhen is 44.7, meaning it would take the average person 44.7 years of work at their salary with no other expenditure to afford a median house here. Meanwhile, San Francisco is 7 years.
https://www.numbeo.com/property-inve...atchComparison

[Tomboy-]

The west is not all doomed, and China is not number one of everything, but they now have bad relations with China. Trade wars and HK protests and riots. The perception of the major western countries from the Chinese have changed from ok to bad recently. When China opened the doors in the 80s and 90s, relations with the west and Japan were better. Not all developed countries are the same, China has better relations with Portugal, Spain, Italy, Greece, Singapore and South Korea than the English speaking western countries and Japan.

Originally Posted by 415_s2k

Wow, how profound. I've never heard a single one of these talking points before in my entire life. They are totally-paradigm changing. The west is doomed. China #1