Comments by "D W" (@DW-op7ly) on "The World Isn’t Prepared For What Is Happening In China..." video.

  1. All these people who are clueless 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. 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. Well if you are not a dum down cow poke…. You would know 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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  4. Chinese don’t invest in their markets only 14% of the population does
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  5. They will still have a billion people by 2075 The country population Will peak in 2050 and will not be expected to start losing people until that year Psst here is a secret Made in China was being powered by illegal workers from SE Asia snuggled into factories in China But more recently automation in those factories As these days China has 12 times the rate of robot use in manufacturing than the United States We’re talking driverless taxis, and busses. Ai grocery stores. Robot deliveries. During Covid they used AI delivery vehicles to deliver food as people were locked down In the future we are “all” probably going to have to have a basic income because we can’t compete with an AI robot…. Even with Chinas go out policy and Belt and Road Initiative where China is sending out its people and companies China still has a 800! billion USD trade surplus with the world Example India with a younger workforce, bigger workforce, lower wages has a 90 to 100 billion dollar trade deficit with China Plus anyone still talking China proper? Has missed the boat I started warning about a rising China in the 1980s not because of what I saw within in China but what I stumbled upon outside of China As Chinese people and their Companies were going out to SE Asia and then onto places like Central Asia and Africa. Where the. Economies are dominated by the Chinese and the Countries are dependent on the Chinese economy 👇 Ethnic Chinese dominate PH economy 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
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  6. Plus when I debate with westerners especially Americans about our own situations as they cry about immigrants. As most of our Western nations are in debt and most of our Western Nations have not replaced themselves since the 1970s where immigration is the only thing saving us? I agree that yes these countries can close off their borders close in on themselves and slowly wither away. Which is their wish as we seem to be electing many Far Right Governments these days But most of these western Countries have not only run up a ton of internal debt like China More importantly they have run up External Sovereign debts they can’t pay off Unlike China who has yes, mostly run up internal debt. But this is debt they can sweep under the table (which they have done in the past) and where China holds a Sovereign external debt load. I can actually pay off Also in a AI future where China leads the world in 37 of of 44 critical technologies of the future That AI robot will “not’ be paying income taxes, sales taxes when it buys a car, clothes food, Won’t be paying property taxes when it buys a home etc etc etc When you have a country like the USA with all its tax revenue needing to borrow 2 trillion a year to keep the economy afloat
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