Comments by "D W" (@DW-op7ly) on "Beddoes: China is Uninvestable for Outsiders" video.

Any measures using GDP is a waste GDP is a horrible metric, sure the US GDP in 2024 will be a vaunted 28 trillion but the USA will still have to borrow 2 trillion dollars because of budget deficit for the year and is projected to borrow 2 trillion a year for the next decade Better metric 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
5
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops where 67% have less than a high school graduation. 81% trade once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
4
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops where 67% have less than a high school graduation. 81% trade once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
3
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops where 67% have less than a high school graduation. 81% trade once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
2
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops where 67% have less than a high school graduation. 81% trade once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
2
Huh? Where did you get your education in a trailer park with mami and papi?
2
90% of the Chinese families own a home 80% without any encumbrances 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
2
China could have used that option in the trade war but they didn’t What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners These IS multinationals are also using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificing so they could get more or better access into those Chinese Domestic markets Why didn’t China pull the nuclear option and boot these companies you might ask? They don’t believe in a zero sum game type of thinking As I can show you during the trade war. China. didn’t pull out their big trade weapons 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
2
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops. Where 67% have less than a high school graduation. 81% trade at least once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
1
Chinese debt is internal debt Ahmed There is a reason we don’t mention 500 trillion in US internal debt Muslims like you need to work on your IQ
1
US 1%ters ain’t happy with China because they ain’t going to backstop the Junk bonds Chinese property developers were floggging
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
1
👇 I look at it this way. China is trying to curb investment speculation. With Covid, trade war, Ukraine war, Countries going in recession and a worldwide slowdown and But we are only seeing these types of drops in 1st tier cities below👇 China is going to need way more stronger measures like a nation wide property tax. Even higher taxes in 1st tier cities Where the 1st tier cities go the other cities will follow, To me they need that “capitulation” in property prices The way they are going they are not even close to their common prosperity goal 👇 New home prices in Beijing and Shanghai rose 1.3% and 4.2%, respectively, in January on a year-over-year basis. That was offset by drops in Guangzhou and Shenzhen, two southern cities, where prices fell 3.6% and 4.1%, respectively. Secondhand home prices fell in all four major cities by between 3.7% and 6.1%. WSJ
1
You probably don’t know there is now a 7 volume 27 book series on what the Chinese invented 👇 Why was China erased from Western memory The remarkable history of Chinese invention - Why was China erased from Western memory? Article by 龙信明 Introduction Joseph Needham was an English medical doctor and biologist, teaching in England in the 1930s. By an accident of fate he acquired some Chinese students, and was intrigued to hear their claims of so many medical and scientific discoveries having originated in China, rather than in the West. Needham became fully fluent in Chinese, and eventually moved to China in 1942 to investigate these claims and to research the entire history of Chinese invention. That work led to an astonishing voyage of historical discovery. Needham originally planned to write a book cataloguing Chinese inventions, but his first volume barely scratched the surface of his subject. He slowly gatherred many of his students into this enterprise, and they eventually wrote a collection of 26 books, to catalog the history of Chinese discovery. Myth and Misrepresentation It leaves one speechless to learn the vast extent of things invented by the Chinese many hundreds of years, and often several millennia, before they appeared in the West. MySingaporeBlogSpot
1
Btw are you the typical American poster these days???? 👇 IP Theft Is What Once Helped Make America Great That was certainly the case for the United States. The practice of grabbing intellectual property was a staple of U.S. economic strategy since the outset of the nation’s founding. The play Hamilton has brought new and deserved respect to the first secretary of the treasury. But his many economic achievements should not blind us to the fact that theft of intellectual property was a linchpin of his manufacturing strategy. RealClearMarkets
1
For the west it’s about China closing itself off to them especially the USA It not about trade deficits because we in the west tend to consume more than we produce So we trade with XYZ country we will have trade deficit with them Our western countries /multinational corporations want more or better access to Chinese domestic markets, even though in 2018 when trump started his trade war just US multinationals based in China alone and their subsidiaries, had 392 billion in sales for their goods and services in China 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 Which their Government in 2010 started to crackdown on this speculation Which our western 1%ters and their multinational corporations don’t like They wanted those overheated real estate markets. They want those Chinese buying their 4th and 5th homes right about now Even though there is a few hundred million less well off rural folks, who they are expecting to migrate to the cities where they can’t find affordable housing as Property Developers build higher end homes that make them more money That’s because our western 1%ters and their multinational corporations want to be the ones loaning out that money for those homes getting at those high Chinese saving's getting them to spend them on their goods and services and then borrowing to spend some more like they did to us (although we played our part) 👇 Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. McKinsey
1
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops where 67% have less than a high school graduation. 81% trade once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
1
The main FDI investors in China were the Chinese Diaspora 👇 The Chinese diaspora’s role in the rise of China But those who are have played a pivotal role in developing China’s export industries, and mediating its economic integration with the region in ways that have allowed China to grow fast while retaining key features of its pre-1979 political economy. As such, the diaspora has effectively given China a resource unavailable to any previous rising power. From the outset of China’s economic reform era, diaspora Chinese have provided the lion’s share of inward foreign investment. This has been concentrated in export-oriented sectors, driving growth of transnational production networks that today bind China’s neighbours to it through the world’s most integrated intraregional trading system. But this outcome was not pre-ordained. In the 1980s, China was still a capital-poor country, racked by political battles over the direction of economic reform. During these uncertain years, diaspora investors were more persistent than their foreign competitors in China, relying on cultural and ancestral ties to offset political risk. They also directly shaped the reform debates: diaspora entrepreneurs served in the Chinese People’s Political Consultative Conference and the National People’s Congress, cultivating relationships all the way up to Deng Xiaoping. They influenced the conception and implementation of special economic zones (SEZs). And the technology and capital they sunk into these SEZs powered the take-off of China’s export industries, weighing the political scales in favour of continued liberalisation and opening. EASTASIAFORUM
1
China could have pulled out its real trade wea pons and collapsed the USA But they don’t believe in zero sum game thinking like the USA does Take for example the Chinese control of the world rare earths (REE) mining and refining Back in 2018 when trump started his trade vvar The Chinese advantage at the time was finite as the USA was expected to be able to refine REE in 2022 (they actually went online in 2023) so this trade wea pon advantage would have been a finite 4 years Instead the Chinese lowered trade tariffs to other countries looking to trade with China In short the Chinese don’t want or expect the USA to crash But China cracks down on real estate speculators after 14 years of doing so I see many saying it will collapse civil vvar etc etc etc But We do it here with higher interest rates, Empty home taxes, speculation taxes, foreign investors taxes many of them Chinese investors and it’s a good thing market correction
1
@theonlycaulfield You are being misled and you don’t even know it 😂 The irony is someone like you would not believe a word MSM tells them unless it’s about China then their word is a Gospel How are you being misled?????? MSM and people like her are purposefully misleading these days That Chinese debt is mostly Internal debt Where they have little external debt Notice how when the 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 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 Btw I can show you how the Chinese sweep their first internal debt under the table. You Americans do the same
1
You are clueless… Probably The same type of person that was saying American companies should leave China Problem is only 5% went back to America. The majority went to SE Asia and the majority of those to Vietnam 👇 Ethnic Chinese dominate PH economy by Solita Collas - Monsod on Jun 25, 2012 Truly, a picture is worth a thousand words. The pictures of the top 15 Filipino billionaires (in US dollars, mind you) in Friday’s issue of the Inquirer brought home with crystal clarity the domination of the Philippine economy by ethnic Chinese. This is, of course, not a unique situation, as it seems to be the case in all of Southeast Asia Philippine Daily Inquirer
1
The concept of market-dominant minority was introduced by Chua in a 1998 paper Markets, Democracy, and Ethnicity.[2] In the Philippines, Chua notes that the Chinese community comprise one percent of the population but control 60 percent of the private economy, with the result being resentment on the part of the Filipino majority against the Chinese minority creating an ethnic conflict. Similarly, in Indonesia the Chinese Indonesian community make up three percent of the population but control 75 percent of the economy. Similar patterns occur throughout other Southeast Asian economies. World on Fire
1
Amid the shifting dynamics of changing regimes in recent centuries, Chinese migrants spread across the region to escape poverty or seek opportunity – becoming the 50 million “huaren” or “overseas Chinese,” those who are of Chinese ethnic descent but do not hold Chinese citizenship. Concentrated especially in Southeast Asia, where they account for more than three-quarters of the $369 billion in wealth held by Southeast Asian billionaires, their lives have become closely interlinked with the Chinese state and their economic power has made them a key target of Chinese Communist Power (CCP) soft power. However, with a complex history and an identity of their own, such ties are not as obvious as they may seem. The Diplomat
1
You are clueless What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners These multinationals are also using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificing so they could get more or better access into those Chinese Domestic markets Why didn’t China pull the nuclear option and boot these companies you might ask? They don’t believe in a zero sum game type of thinking As I can show you during the trade war. China. didn’t pull out their big trade weapons 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie. But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
1
The old Chinese diaspora economically vibrant and is one of the leading investor in China. Besides, they also play a great role in promoting the China’s economic interest in those regions. China has experienced one of the most remarkable investment booms over the past 3 decades and has become a model for many emerging countries. Foreign direct investment increased from US$600 million in 1983 to $40 billion in 2000, $117.6 billion in 2013. Chinese diaspora is the leading investor i.e 70% of China’s recent foreign investment has been provided by diaspora members according to some estimate. Similarly the outward investment by China was tremendously facilitated by their diaspora. GRFTD
1
And let’s be honest about what you are really alluding to The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it We didn’t do them any favours paying those dollar a day wages In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese took those savings invested or made a business with their savings Yeah sure we expected them to buy 1 billion toothbrushes and 2 billion socks What we didn’t expect was for them to enrich themselves My proof even before our western Governments and western corporations pushed for Chinas inclusion into the WTO? Our top of the food chain 1%ters and their TOOBIGTOFAIL investment banks, worked out the worst deal ever for themselves A 33% interest in a Joint Venture Banking Subsidiary where the Chinese parent bank held a 67% interest
1
China has a “Go Out Policy” is Investing trillions in its Belt and Road/BRI partner countries The mistake is to believe they are closing themselves off when If you look at a Map their Belt and Road only indirectly leads to America, These days they lower trade tariffs with many countries in the world the China example is more of a harbinger for the USA As it is the USA looking to close in on itself close off its borders Yes… China spent the better part of a millennia trading places with India for top economy in the world By the 1430s it was the top economy and technological leader in the world . But their emperor at the time started the slow process of closing in on itself closing off its borders/their own nationalism Like we are seeing with far right Governments being elected around the world and the Americans these days This lead to 400 years of decline and then an eventual semi colonization of China for 100 more years Where even up to the 1980s China was 88% in abject poverty These days they are back and they did not run up the external Sovereign debt like the Americans are running up these days
1
Btw if you have only been in China the last 10 years Then you have only seen a Government that is trying to slowdown its economy I’ve been researching, investing and living in on and off China since the 1980s In fact from and Investing point of view started dumping out Chinese real estate stocks in 2010 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 China cracks down on property speculation Source:Global Times Published: 2010 The Chinese government has raised the down payment for second-home buyers to a minimum 50 percent of the value from 40 percent, in a bid to curb property speculation. The decision was announced in a statement released Thursday after conclusion of an executive meeting of the State Council, the Cabinet, presided over by Premier Wen Jiabao, on Wednesday. First-home buyers must pay no less than 30 percent of the the property price if the area is above 90 square meters, the statement said. The government was stepping up the introduction of tax policies to influence purchases and adjust property investment returns, said the statement. Nationwide, land use for the construction of low-income housing, shanty town renovation and small and medium-sized homes (below 90 square meters) should account for at least 70 percent of the land approved for property development, the statement said. It also urged local authorities to accelerate housing construction approvals to ensure effective land supply, and crack down on land hoarding and speculatory behavior.
1
Wake-Up Call': China Leads in 37 Out of 44 Critical Technology Sectors, Says Report The Australian Strategic Policy Institute has pointed out that only seven of the 44 technologies analysed by its report are currently led by a democratic country, 'and that country in all instances is the US.' TheWire
1
I don’t see it Japanese do not like the Chinese and they still have that American colonized mindset will do what ever the USA tells them to do Plus I remember 20 years ago Japan needed to open up to 1 million immigrants a year. Because by 2060 their population would drop down to 80 million with 40% of those being 60 or older That wasn’t going to happen because the bulk of the immigrants would have been Chinese migrants China has a “Go out Policy” you should see what they are doing in Africa these days In SE Asia They Built a High Speed Rail Line for Indonesia and gave them the technology And are building a High Speed Rail Line for Malaysia while the Philippines with its own American colonized mindset gets US military back on their bases which should make the girls at those expat bars very happy
1
Actually 70s and 80s USA was pushing hard for free trade and Globalization I’m actually calling out conservatives for acting like the suddenly w oak sn ow fl akes they disss like so much these days Because when I warned about the rise CCP China before their GDP even registered on the radar I was called a communist against capitalism as 50 cent army poster Nixon went to China in 1972 And Reagan 👇 Remarks at a White House Meeting With Business and Trade Leaders September 23, 1985 Thank you very much, and welcome to the White House. I'm pleased to have this opportunity to be with you to address the pressing question of America's trade challenge for the eighties and beyond. And let me say at the outset that our trade policy rests firmly on the foundation of free and open markets -- free trade. I, like you, recognize the inescapable conclusion that all of history has taught: The freer the flow of world trade, the stronger the tides for human progress and peace among nations . Reagan library
1
Trump started the trade war because he wanted better/more access for US multinationals 👇 U.S. companies with China operations look to the Asian giant for growth U.S. multinationals' majority-owned affiliates in China brought in sales of $392.7 billion in 2018, up 4.8% from a year ago, according to the latest available data from the U.S. Bureau of Economic Analysis. CNBC
1
I’m not a red book thumping commie Chinese National Dude you sound like a disappointed English teacher in China No respect for the guy who had a Geisha girl fantasy in Asia The worst type of people to have a kid were talking Hapa horror stories 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
1
the writing was on the wall when Ant Group IPO was quashed 2020. Which would have been the largest IPO in history This was when the world was still battling with Covid and China for sure was still locked down with their Zero Covid Our 1%ters ain’t stoooopid and the Chinese Government ain’t either…. As they all know except English teacher in China like you 👇 Project Syndicate The value of global China July 23, 2019 | Article China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. .McKinsey
1
Btw were you not the winner who said he went to China starting 10 years ago???? I’m giving you these articles to show you their Government was cracking down on real estate and basically 30% of their economy and where Chinese people store their wealth 14 years ago Stick to your poems English teacher in China 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 China cracks down on property speculation Source:Global Times Published: 2010 The Chinese government has raised the down payment for second-home buyers to a minimum 50 percent of the value from 40 percent, in a bid to curb property speculation. The decision was announced in a statement released Thursday after conclusion of an executive meeting of the State Council, the Cabinet, presided over by Premier Wen Jiabao, on Wednesday. First-home buyers must pay no less than 30 percent of the the property price if the area is above 90 square meters, the statement said. The government was stepping up the introduction of tax policies to influence purchases and adjust property investment returns, said the statement. Nationwide, land use for the construction of low-income housing, shanty town renovation and small and medium-sized homes (below 90 square meters) should account for at least 70 percent of the land approved for property development, the statement said. It also urged local authorities to accelerate housing construction approvals to ensure effective land supply, and crack down on land hoarding and speculatory behavior.
1
For China what was most important was to reign in their overheated real estate market. Which after 14 years they finally did it Loads of FDI from the outside world would create overheating markets again Plus they have so many tools 3 trillion in FX reserves (estimated another 3 trillion hidden reserves ) Hidden Gold reserves 2 times the size of the USA. The ability to make and hide internal debt. And low external debt amount they can borrow on etc etc Plus “Sophisticated Foreign Investors” just got burnt by buying the Junk Bonds of Chinese Property Developers But with that said yes Chinese stock market has no market makers where 85% of the trades are done by retail mom and pops where 67% have less than a high school graduation. 81% trade once a month That should tell anyone that their bear markets will get oversold and their bull markets overbought
1