Comments by "Ocean Wave" (@oceanwave4502) on "China's economic picture is 'better than you think': Ben Harburg" video.

  1. Regarding China, I notice that many western analysts only see individual trees, instead of the whole forest. For example, property crisis. They see empty houses, distrustful market sentiment. But they don't see: Xi's statement (House is to live in, not to speculate). Before the crisis, the government already issued "red lines", but some insisted on continuing; now they pay the price, the government won't bail them out. The banks will help to certain extent, to complete houses for people to live in (not to help the investors). The government also builds up capital market so that people can invest their money into promising startups (under the government's guidance, e.g. semiconductor, space exploration), rather than wasting on property market.
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