Comments by "D W" (@DW-op7ly) on "Why are Chinese consumers spending less?" video.

  1. Even though China is investing trillions into its belt and road parter countries? It still has a 800 billion a year trade surplus with the world Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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  2. 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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  3. I bet you are the same type of person cheering on empty home taxes, speculation taxes, foreign owner taxes, while crying about consumer staples inflation where you live Even with the hike in interest rates because of it they were looking at key unemployment figures Because those numbers were expected to jump up in order for that inflation to go down But for the longest time people were buying debt like US Sovereign debt at near zero bound interest rates. Basically people were paying the US Government to borrow their money 👇 The End of Zero Interest Rates Aug 13, 2023 JEFFREY FRANKEL As recently as 2022, most monetary economists expected interest rates to remain low indefinitely. While many analysts still expect near-zero interest rates to return, they will likely remain elevated for the foreseeable future, making it harder for governments to service their debts . CAMBRIDGE – What a difference two years make. In 2021, when interest rates were near zero in the United States and the United Kingdom and slightly negative in the eurozone and Japan, the consensus was that they would remain low indefinitely. Project Syndicate
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  4. The USA by 2033 is going to have to cut Social Security payments by 23% Unless they raise taxes, let in more immigrants to work, or borrow even more money as the USA has to borrow atleast 2 trillion a year (externally) until 2033 Yet China who intentionally slowed down its own economy is the one who is in trouble
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  5. That’s the idea 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
    1
  6. Even though China is investing trillions into its belt and road parter countries? It still has a 800 billion a year trade surplus with the world Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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  7. China spent 14 years trying to slowdown their economy especially real estate Maybe Americans like you who were conditioned to spend their earnings and all their savings and then to borrow to spend some more think that’s a better option
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  8. How many fake accounts you have Ahmed the Muslim is also your fake account 👇 Even though China is investing trillions into its belt and road parter countries? It still has a 800 billion a year trade surplus with the world Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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  9. This was for left behind people like you 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
    1
  10. The USA by 2033 is going to have to cut Social Security payments by 23% Unless they raise taxes, let in more immigrants to work, or borrow even more money as the USA has to borrow atleast 2 trillion a year (externally) until 2033 Yet China who intentionally slowed down its own economy is the one who is in trouble
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  11. What you should have done is gone to the poorest village in China and then the poorest town in the USA for comparison There is actually a YouTube video titled “Revisiting China's poorest villiage” 👆 Where a westerner does a documentary As he walks in on a Senior Social worker berating 5 or 6 social workers because a deadline was fast approaching and they had a quotas to meet getting people in the village above a poverty line or they all including this Senior Social worker would get demoted/fired you could argue propaganda but it did show houses that were built for these people had doors and windowed that still needed fixing Parents bee ting a child with a stick, some 16 year old girl quitting school, to go work where her own mother had her at 16 etc etc etc
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