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HKim0072
South China Morning Post
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Comments by "HKim0072" (@HKim0072) on "Has China’s housing market tanked?" video.
Large delegations of Chinese city and business officials have made hundreds of trips to Asia and Europe since December, seeking to drum up foreign investment as local governments scramble to hit growth and employment targets. District officials have joined their supervisors at city and provincial levels, along with local businesses, in crossing the border more frequently than ever, according to their social media accounts and three sources who met some of them.
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Yeap. But, downpayments are massive. At least 20%. Lol, and any negative equity...the mortgage holder has to pay off for the rest of their lives.
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Not a fan of gold, but metals probably the best for Chinese citizens. But, then you have the risk of getting scammed with fakes.
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Australia has it right for whom? The goal of CCP China real estate isn't for the protection of the buyer. It's for the protection of banks, developers and government. The individual means nothing for the CCP. It's role is to fill the state's need. Using western examples and applying them to CCP China is just silly.
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@andia968 Urban youth unemployment — already at record levels — hit another new high in May, reaching 20.8%. That was a slight uptick from April data, which showed that the jobless rate for people between 16 and 24 years old had reached 20.4%. Rural unemployment isn’t included in official data.
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