Comments by "D W" (@DW-op7ly) on "Why China's Economy is Finally Slowing Down" video.

  1. In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2. Evergrande EV sold 760 cars last year If you are going to watch this Serpent guys videos Then watching his video on EV graveyards should have set off alarm bells for you Because in his videos you can clearly see License Plates on the EV vehicles And for a person claiming to know about China????? He should know that many of the bigger Chinese cities have License Plate Lotteries every year Don’t get a License Plate you can’t buy a car and you can’t drive a car So those License Plates would have been worth more than the car itself sitting in a graveyard Unless you dig deeper and find out that those cars were the EV Fleet of ride hailing Apps EV company Which China has a few hundred So it was Commercial Plates registered to a bankrupt Ride App Companies
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  3. Why Young Chinese Are Turning Their Backs on Western Brands For many middle-class Chinese, “Made in China” has gone from critique to chic. sixth tone
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  4. 5 reasons many Western luxury brands are losing luster with China’s Gen Z Chinese Gen Z are increasingly changing their purchase preferences from Western to local brands. How can global players secure their place in China's luxury landscape? JungDaily
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  5. Well you do have a point the Chinese were over invested in their Real Estate But China does lead in 37 of 44 critical technologies of the future The last 2 years alone they have socked away 5 trillion into savings accounts So imagine what they could do if twine of that money goes into more innovation
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  6. Dude do a simple internet search
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  7. Guochao’ Trend May Disrupt Western Luxury Brands’ Dominance In China Guochao means “national wave” and Bloomberg reports it’s a trend that young Chinese consumers, particularly the 270 million strong Gen Z cohort, are rapidly adopting. “Meeting the demands of the young, nationalistic and exacting Gen Z will require an immense shift in how Western companies – who have bet that decades of demand for foreign goods will endure – do business in China and poses an unprecedented challenge to their market dominance,” it reports, as it headlines that this generation has the power to “make or break Western brands.” Forbes
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