Comments by "GuyWhoLikesTheSnarkies14" (@guywholikesthesnarkies1435) on "51-49 with James Li" channel.

  1. Most housings incl. apartment units built in China exceed the country's population by about 3-4 times. The recent trend shows proactive effort done by the govt. to redirect capital productivity into the recent tech boom, hence the absolute cool down of the property price bubble because it's really the govt pumping liquidity away from the real estate sector *arbitrarily.* I know that sounds wild, but let's just not abandon the "socialist" part of the Chinese economy, I guess. Moreover, the supposed "90% ownership" is actually plausible depending on how you look at it. It, however, doesn't necessarily signify the rate of real permanent residency. Many instances, they're simply property bought as a source of passive income or a financial asset. Oftentimes, not all but many Chinese youngsters choose to rent their homes decisively, instead of actually buying them at any given chance, for a combination of factors. But in recent months, there has been a surge in full-time buyouts of depreciated homes by youngsters flocking into the lower 4-5 tier cities i.e. typical county-level cities, which are away from the "overpopulated", major Chinese coastal cities and closer to the inland. Which, imo, how things should go from here at the moment. I mean nowadays, big cities have reached the level of high quality productivity that necessitated less and less labor-intensive work and business opportunities. So obviously, China needs to reorient its own urbanization strategy and redistribute the population's productivity, in order to optimize its economy and to curb cost of living.
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  2. Last but not least, I suggest you not to buy all those "Chinese ghost cities" narrative you read from those mainstream reports. They're mostly deliberately fabricated or spun news that mischaracterize China's govt planned cities by narrowing down the framing through selective reporting. For example: the famous "Fake Paris Ghost City" in Zhejiang isn't even the abandoned planned city example the MSM purported to be; it's just a private mixed development by a domestic real estate developer that appears so big, city-sized in perspective. But the cashing of the idea stems from the general lack of understanding of what constitutes as "city" in China, officially: it recognizes any entirety of formal subnational administrative area eligible to the classification, at any subdivision level above the township-level i.e. the fourth level. Contrary to that, a typical city found in a lot of countries around the world is a strictly defined municipal corporation no bigger than the US's definition of a county division, typically sized around 50-250 km² or more. In addition, such news only appears to obscure or distract readers from the already evident examples of highly successful Chinese planned city area projects: Shanghai, Shenzhen, Xiamen, Chongqing, Qingdao, Suzhou, and Changsha just to name a few.
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