Comments by "May L" (@MeiinUK) on "Chinese Homebuyer’s 20-Year Savings Wasted as House Sells for Half Price, Stuck in Debt to the Bank" video.

  1.  @GameFuMaster : So they created a mega big MLM. Which... even the US have actually stopped it. But the problem with China is that, they should've reduced the number of... and also, they didn't change the politics. They tried to make the entire PRC the SAME.... rather than to actually.. what they should NOT have done... is actually joined the WTO. Cos they joined the WTO, and then they broke their own actual banks, and their actual own governance as well. And then they tried to make everywhere the same, even though they tried to label areas and regions as specific "tiers"... by wealth and by regions... Well... This is what happens when you try to expand so much. For a population of around 1.4 billion, they could indeed afford around 20 odd banks, different types.. rather than singular chains.. across the entire board. Cos they tried to get people to live in those regions and move, and re-register themselves, and decouple from their own original hometowns. Rather than to actually.... stay in their own hometowns and develop it. This is what happens normally... everybody loses. You want to create the various leverages, and yet, you still lose... as well... royally.
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  2. Your son is 1 person in an entire region of around 1.4 billion people... who do you think are being marginalised? Some people would have their entire "teams" that trashes certain areas and then gets paid etc.... The herd mentality is pretty strong in China....
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  3.  @tsukareruru : This is the fault of the PRC, trying to join the WTO. Cos if they stayed with the various other banks... like how RBS was inside China before as well. And they did different types of actual "products". Small business loans have small business loans. And then investment banks, are investment banks. They were usually for offices, and not for homes. I don't know who thought it was a good thing, to ask for commercial loans, on properties. Nobody does that, ever. And in the UK, they don't have that. It is regulated and restricted as well ? Same in the USA too. Different state laws doesn't allow such situation to happen. Cos some people did it, and so many individuals does not know what and how they did it, and why they did it.. when something gets copied inside China, it goes royally bad.
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  4. They were used.... and cos the PRC joined the WTO, and then all of their assets turned from type A, into type B. That is what really happened. And the so called PRC government did absolutely NOTHING about it ? And they didn't even split or introduced different types of currencies, or regional currencies or borders or boundaries to stop this kind of collapse from happening.... so.... this is why it happens. They are playing a risky game. (And at one point in time as well.. cos they joined the WTO, it means that they have to meet certain targets.. but when you have a set of entire "civil servants" that governs... the economy... this way.... by pleasing somebody, for a region, then means you can go up the ladder, you can see how nobody wants to actually displease your local officers, right? So therefore, people instead of saying "no".... they buy it instead. Otherwise, your land, or your home, would be disturbed by the local officer.. cos he wants the job. He wants to go up the career ladder.) That is why it happens.
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  5.  @friedrichjunzt : It isn't stolen... it is cos they tried to reconcile the entire so called "country" as a "single state"... which they should NOT have done so !!!! PRC should NOT have joined the WTO. At all.
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