Comments by "Louis Giokas" (@louisgiokas2206) on "Global Giants Rapidly Exit Shanghai, Malls Eerily Quiet, Houses Can’t Sell Even at 50% Off" video.

  1. What support measures? You have massive oversupply of housing (and office space) and a dwindling and aging population. In any normal economy one would have to work through the oversupply. But in China, this oversupply is so massive (some say 100%) that there is no way to do this. With such oversupply, even at massively reduced prices, it is not even possible to view these properties as an investment. There will be no buyers. On top of that, real estate loans are a big part of the assets of the financial system. Using western accounting methods, I expect that most, if not all, financial institutions in China are insolvent. That is why people can't get their money out of some banks and why some investment firms have gone under. It seems that the whole Chinese economy is a fiction.
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  2.  @shilohbrutalis582  Thanks.
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