Comments by "Peter Jacobsen" (@pjacobsen1000) on "CNBC International"
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It is mentioned that a billion apartments are empty, but that is clearly a mistake. Since 2000, when the market really opened, they have 'only' built around 200 million apartments, and most of those are not empty. A better estimate is around 25 million empty apartments, enough to house 75 million people (two parents and one child per apartment).
Another number mentioned is that the real estate sector (and associated value chains: raw materials, construction materials, decorating, furniture, appliances, etc.) makes up 20-30% of GDP. This may have been the case at the top of the market around 2020, but now it has clearly fallen to less than half that number, considering real estate investments have dropped around 35% over the last three years.
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It looks like a perfectly fine aircraft, but in one respect it underperforms: Range.
A320neo: 3,500 nautical miles
B737MAX: 3,500 nautical miles
C919: 2,250 nautical miles
It will still be attractive to some airlines, but the range limits the variety of routes it can operate on, and airlines look at that, too.
From Beijing, the A320neo and B737MAX can cover all of East Asia, South East Asia, South Asia, Central Asia, and even go all the way to Dubai or Moscow. The C919 can get to Bangkok or Phuket, but not KL or Singapore, it can go to New Delhi, but not Mumbai or Sri Lanka, it can go to Astana and Tashkent, but not Ashgabat, to Omsk, but not Yekaterinburg.
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