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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "China’s Most Desolate Lunar New Year, End-Of-Days Feel, Store Owners in Tears" video.
It was always so clear cut to me when everyone is quoting that real estate was 25% of GDP and 70% of household wealth. When new home sales started to downtrend by over -20%, I was like whoa. Then, it slid like that for 2 solid years (with a reopening bump).
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If they are all in poverty, no one will be able to tell the difference. -Pooh Bear
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UBI is silly. It would just raise prices to a higher level.
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lol, they are so desperate for PR and ideas that they think old people are going to drive the economy. Old people's medical costs are a total drag on economies. Old people aren't big spenders. A piece from NHK: https://youtu.be/LDByScOQ_YE?si=e-cR7qWKQ_sC_K-q
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The US economy is very broad and diversified. Also, it's a high income country unlike China. It's very odd to compare the 2 economies.
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