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D W
Bloomberg Television
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Comments by "D W" (@DW-op7ly) on "Understanding China's Low Economic Bar in 2024" video.
You still won’t be able to afford a home in Canada Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world
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You still won’t be able to afford a home in Canada Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world
4
Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world
1
even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 But with no other viable investment options left these days Their Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 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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This is how you know you are being lied to by American Mainstream Media (MSM) Well you already know you are being lied to about anything else. You just believe what ever MSM tell you about China. That Chinese debt is mostly Internal debt Where they have little external debt about 2.4 trillion Notice how when they do the China vs US debt comparisons they leave out the US internal debt? But lump in all Chinese debt If they were to include US internal debt with that 👉 34 trillion US external sovereign debt figure you always hear about Then they would be telling you the USA is over 500 trillion in debt As you would have 3 trillion in Local and State debt Non Financial Corporate debt 11 trillion Personal/Household debt of 17.5 trillion Corporate debt securities 23 trillion SS liability 26 trillion Medicare Liability 40 trillion TooBigTooFail Investment banks Derivatives Bets (notational value) 200 trillion Unfunded Liabilities 212 trillion
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Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world
1
We don’t need cry baby immigrants like you in Canada Oil beneath your feet is the only thing that saved you Low IQ means you will go nowhere except get outcompeted
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Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world
1
Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world
1