Comments by "" (@thomasherrin6798) on "Is China relying on SOEs to tackle the real estate bubble and local government debt?" video.

  1. Well I don't think I'll read that one, and what's it specifically got to do with China's real estate bubble I wouldn't know, as it seems like a CCP 3 red lines enforcement with immediate effect that caused all the chaos, yes the market needed regulating but maybe years before and latterly not all at once, but Xi's the leader and he knows best, so it will come to pass, whatever the consequences!?!
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  2. CCP will take the money from big business and distribute it along its "favoured" lines, that will be its common prosperity M.O., it's a Kleptocratic state, big business wont get a look in!?!
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  3. China has 50-60 million empty Apartments, 90 odd million unfinished Apartments (The majority of which will not be completed), and the Chinese people currently buy 9 odd million apartments per year. That means it already has 6 odd years of apartment stock unsold and 10 years of apartment stock in the pipeline uncompleted and therefore a seismic adjustment has to be made, which at present is being kicked down the road. The GDP of China will be reduced by 10 to 15% when this adjustment is made.
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