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Tea Tree
Sean Foo
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Comments by "Tea Tree" (@teatree6228) on "A Major Economy Enters Recession Signaling No Escape For America u0026 The World" video.
I dont see consumption collapsing in china- the shopping malls are packed The local tourists spots are packed May be Sean, you have to use non Western data when you read China- just may be
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They count in US dollars
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@sometimeswitty6849 china debt is good debt/ infrastrutures, high speed rails , highways etc - intergenerational investments with immediate and ongoing dividends for their peoples- these are the types of things i wish my government is Australia would borrow money for
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Inflation is much higher - selective choice of data
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Stock market is speculation economy
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@Noble713 radiation poisoning
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@sometimeswitty6849 chinas debt is for building public infrastrutures- high speed rails, schools, universities, hospitals, clinics, their HSR even reaches remote villages- all GOOD DEBTS USA debts are for weapons of mass destruction- 850 military bases globally- regime change agenda- funding wars- NOTHING for the ordinary citizens
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I am not a pro anybody bot just stating my opinion Good debts- infrastructures high speed rails highways- are good investments
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@sometimeswitty6849 evergrande - shareholders majority are hot money from USA eg Blackrock BTW- those empty ghost towns and the highways and rails that go no where as reported by BBC- they are now populated and those roads snd rails comnected like Lego sets to their national framework. They work differently- they build and then move the impoverished households from barren lands there- houses are furnished and practically given free too poor families- Their government not gonna bail out Evergrande - as majority shareholders are foreign HOT money- mainly USA companies like Blackrock
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You may find my reply deleted by you or sean- but it is here now. The agenda of china govt is not PROFIT oriented - but socialistic based- eliminate poverty- everyone entitled to own home- electricity- clean water- modern amenities- narrowing the income gap- all proper things a good government should do
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And before you talk about some dishonest developers- we have many luxury buildings in Sydney and Melbourne, built poorly, and unsafe, despite initially granted all safety standards passed by local authorities- now unsafe- and evacuated and EMPTY Look it up, mate
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What about Australia?
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