Comments by "" (@thomasherrin6798) on "Can Chinese banks handle the mortgage crisis and the real estate bubble?" video.

  1. Lei does a really great job in English, I don't think the majority will not understand what she is trying to communicate, it's got lots of diagrams and all!?!
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  2. The money to complete the properties is already gone, never to come back, squandered on football stadiums and other vanity projects which are not assets in themselves, just money pits. The C.C.P. is backing nationwide schemes which attempt to get developers to restart building projects with a fraction of the money needed put up as collateral, let's say 10% of the total bill (My guess is as good as any's), the local government is responsible for administering the scheme and the developers have "employed" people to show that they are complying with the scheme to get their hands on much needed cash, however the general consensus is that this will do very little to ease the crisis (The Monies laid out might only account for 2% of the work completed at this time and 8% will go to waste) as soon as this money runs out, work will stop, and a further 90 odd % will "still" be required to complete the properties!?!
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  3. It seems incomprehensible that the money men from the West are prepared to believe financial figures from China on more or less face value, one wonders if money is involved, and it is quite obvious there are two sets of books, one it shows to the world, and one it keeps to the C.C.P. (Unless they are totally incompetent and really don't know the true picture of course!) I.E. it is not transparent. Just looking at G.D.P. it's going to drop 10 to 15% (30% of G.D.P. based on Property and Developers have a 50% downturn) on Property and 5% on recession and 5% on energy and food imports increases, this may be made up by infrastructure projects but this will come again from non-productive debt (I.E. China's G.D.P. will decrease by 20 to 25%, or its debt will increase proportionally). China's declared debt to G.D.P. is over 70%, but this does not include it's Province's debt which is 100% of Income at 2020 and rising, there is no clear indication of how much money that is per province or in total, but one assumes that it's quite large, it is estimated by some analysts that China's debt bomb is at 275% to 300% of G.D.P. which is already above Japan's, their troops will be needed not in Tawain but in China when it all goes pear shaped, which is unlike their demographic chart unless you turn the pear upside down!?!
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