Comments by "HKim0072" (@HKim0072) on "China's GDP Growth Overstated by 10% for 3 Years – Economist Reveals the Truth" video.

  1. I've been saying this for the past 1-2 years. Healthy economies run off discretionary purchases. All the services and goods that are "unnecessary" is the engine of the economy.
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  2. Ugh, that was Newton. We all learned the fable about the apple hitting him.
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  3. Generally (but not always), PPI is a leading indicator. CPI is a lagging indicator. To be fair, their CPI / PPI numbers are a black box. Have no idea how they weight things. Also, CPI contains housing which PPI doesn't.
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  4. Feels like Fu Peng will get a tea appointment soon.
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  5. lol, you Japanese? You should understand very well things on timeframes and the slow burn of asset devaluation.
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  6.  @rayalsop  In the fable, the apple hit him in the head and he jolted his brain a bit about why things fall down.
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  7. Yeap, would have served a dual purpose if they implemented it in the early 2010s. Would have slowed down the bubble pricing + solidified the tax base. But, they would have been greedy and double dipped. Would have sold the land lease for high prices AND had a property tax. Adding a property tax now would be...suboptimal.
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  8. Naw, here's how it works: all these officials have been siphoning money and the smart ones get it out of the country. Each set of officials is just trying to prop up the system until the grim reaper comes for them. Sure, you have a few zealots like Pooh Bear, but everyone else doesn't care about ideology. They only care about their power and how much money they can skim.
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  9. Too lazy to get the detailed info, but random searching. There are a ton of real estate companies that defaulted on their debt. Pretty funny that no one talks about Evergrande and Country Garden anymore who have 500 billion USD in debt.
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