Comments by "D W" (@DW-op7ly) on "China Update" channel.

  1. China just went on crackdown with its online gaming companies 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, heath, education and even marriage prospects 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 Unlike here in the west where we are going the other direction
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  2. We shows how dum down you are it's your own American multinationals and their wholly owned factories sending you back that junk. Where China/Chinese companies are trading their high tech products with their belt and road partner countries
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  3. Common prosperity and the cooling of the Chinese real estate has been by design. The writing was on the wall in 2010/2011. When the Central Government started to cut off money flow to the developers. That's when we heard about shadow banks and underground economy. That's because developers were still building higher end housing. When there are still a few hundred million poorer rural folks who need affordable housing in the cities. As they are still expected to join the more well off city folk. As we heard about the Chinese property developers selling their junk bonds a few years back. To sophisticated foreign investors. Which I warned anyone that would listen not to buy. Because their Central Government wasn't going to backstop many of these developers
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