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Wow, 0.9% yearly inflation and 3.7% interest rate and 66% debt to GDP ratio in China
Compared to at least 7.5% inflation, 0.25% interest rate and 128% debt to GDP in America
China is absolutely bathing in tremendous amounts of housing inventory and tremendous amounts of nearly unlimited commodities and it's disposal to enrich their country.
Not all houses are created equal. Shoddy construction is the order of the day over there. Did you ever see any of the videos of buildings randomly collapsing? The cement is junk and sometimes filled with garbage like hollow tin cans to cut cost. As with most things, you get way you pay for. The peasants in China have not had a lot of money to work with in 500 years... So the builders have been building cheap, because that's all the peasants can afford.
Have you missed the news about the property crisis in China? Many of their largest developers like Evergrande have been forced to or are on their way to defaulting on their debt.
As far as commodities go, it's not a states job to stock pile every commodity type under the sun and is a prime example of the inefficiency of centralized state control. A lot of those commodities will inevitably be wasted. A lot of money will also be wasted storing and taking care of the stockpile. Not everything will survive the test of time for very long though. Bad weather, the elements, bad construction, bad luck can all wreck havoc on large stockpiles of commodities... Not to mention the opportunity for corruption and theft. The great leap forward involved a lot of starvation that was the result of stockpiles of food either exaggerated, rotted, or exported to other countries to impress the world.
Did you catch that huge explosion in Tinjin? That was a result of stockpiling huge amounts of flammable liquid. It was an epic explosion that kill at least 100 people, but probably more like 1000 or more. We know China is never open and truthful about this type of stuff.
But looking over the Zerohedge article, it sounds like the Chinese hoarded commodities during the pandemic and now have ample supplies, at least for the time being.
So what? Do you think we should enact a government program to hoard commodities?
But looking over the Zerohedge article, it sounds like the Chinese hoarded commodities during the pandemic and now have ample supplies, at least for the time being.
So what? Do you think we should enact a government program to hoard commodities?
Nope, they need to eliminate all environmental regulations.
All environmental regulations should suspended forever.
Time for America to cut down the trees for lumber, leave no oil pay untouched, subsidize farmers who plant crops on every acre of their land.
Not all houses are created equal. Shoddy construction is the order of the day over there. Did you ever see any of the videos of buildings randomly collapsing? The cement is junk and sometimes filled with garbage like hollow tin cans to cut cost. As with most things, you get way you pay for. The peasants in China have not had a lot of money to work with in 500 years... So the builders have been building cheap, because that's all the peasants can afford.
Have you missed the news about the property crisis in China? Many of their largest developers like Evergrande have been forced to or are on their way to defaulting on their debt.
There's a lot of foolishness in the USA right now, but it doesn't mean the Chicomes suddenly got things right.
I watched over the years gigantic beautiful Malls pop up, huge building complexes nearby. all across the provinces. Drive around at night and you see barely Any lights on in them.
Maybe by now some have filled or found a use. But China is hit and miss with a lot of things I have found.
They can have really nice modern Structures but the majority are shoddy concrete utilitarian buildings with garden hoses running up the side to get water to the top.
The little amenities we take for granted are wanting over there. In the cities that frequent foreigners and business you will find more, of course, but as an American you will notice things. And don't get me wrong, they aren't suffering or anything. It's just what they're used to.
So what is your opinion about China flooding in commodities of all sorts, with zero inflation.
Compared to USA's hyper-inflation and much of the supply chains being in China requiring expensive shipping than rails and trucking.
You don't seem to understand that by purchasing/controlling huge amounts of commodities, they are pushing prices/inflation higher in other nations that have to buy those commodities. Commodities are not infinite, and when the overall supply declines, the price goes up.
China is a large country that can afford to make huge purchases at a time. They probably receive a favorable discount for buying in bulk. Smaller countries cannot afford to do this and are being pushed out of the market as a result. Those people will suffer as will their economies.
China is on the rise and their appetite for commodities will only grow. This will put immense pressure on the rest of the world if the supply is not dramatically boosted. That doesn't look like it's going to happen any time soon. Shortages seem to be the order of the day. This is the stuff hyperinflation is made of.
Nope, they need to eliminate all environmental regulations.
All environmental regulations should suspended forever.
Time for America to cut down the trees for lumber, leave no oil pay untouched, subsidize farmers who plant crops on every acre of their land.
Brilliant. Such far-sightedness. Let's trash the whole country, just to make sure commodity prices are low.
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Let's trash the whole country, just to make sure commodity prices are low. 
