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Comments by "" (@thomasherrin6798) on "Chinese Economy: Why New Measures Will Fail | Chinese Military Purged | Housing Crisis" video.
The word probe in Chinese CCP politics is a loose term, the actual probe was done prior to the arrests, and the sentence has already been determined, this section is just for public "consumption" to use a popular Chinese economic metaphor!?!
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The Chinese property market is only about 10% of GDP at present, that "is" the problem!?!
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UK = Pinch of salt!?!
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.....but the CCP will get less to run their lavish lifestyle, so that is never going to happen!?!
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The CCP wants to retain the total grip on power in China and dominance on the World stage, Xi has achieved that in China and is basically leader for life, but as a World leader he's not up to it. He is a tactical politician, but a bad leader of China, he does not have any real world solutions only ideology!?!
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It has collapsed and the CCP is spending its citizens money to lurch it zombie like into the future while they come up with an amazing and credible plan, however the problem must be writ large because after two years there is still no plan and money is "still" falling into the box marked "property plug hole", their latest interjection appears to be trying to "hustle" their way out, but red ink don't lie when it's going downwards on all the indicator boards, it might be going on a dead cat bounce because of the "speculation" interest, but normal service will be resumed shortly as the measures will prove insufficient!?!
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The property market in Tier 1 cities is just going through a dead cat 😺 bounce, there is "demand" in the Tier 1 cities but not as much as previously when returns were guaranteed for decades, that model is completely gone, it is replaced by a base line demand which is most probably 50% of previous demand and reduced pure speculation which is now a fickle friend, the whole housing sector needs to be reset to the new normal but the CCP is still trying to flog more life out of the zombie enterprise that it is at present, there is a mug born every minute but buying into the current Chinese property market is a one way trip to a severe haircut 💈!?!
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