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Vale Tudo
Bloomberg Television
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Comments by "Vale Tudo" (@valetudo1569) on "China's Xi Turns to Construction Spending as Lockdowns Hit Economy" video.
We got a 50 center here. You know it's illegal to jump the firewall right...
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It's that one party in the US is against public spending, but is fine with giving tax breaks to wealthy corporations. Infrastructure is a fantastic way to boost the economy that pays dividends for decades to come... insane it's such a battle in the US. However, China has the opposite problem - over investment in infrastructure. It gave them massive growth but now they're a bit reliant on it....vs organic growth through domestic consumption.
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China has a "build it and they will come" mentality, when it comes to infrastructure/real estate
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Right... they just don't want to scare people. It's always like that..
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