Comments by "May L" (@MeiinUK) on "Shanghai Property Prices Crash 70%, China's Real Estate Market Rescue Fails, Leaving Owners in Tears" video.

  1. This is so crazy.... this makes me think that, under the mere 40 years... the PRC has speeded up... in its development, the same stage as the USA had done for around 200 years. This is crazy isn't it ? Looking at this video... shows me that, there had never seen an actual frugal approach development based on needs' basis.... UK have experienced this too, after the war. What they did was to build "temporary buildings" with the idea and concept that, one day, it will be taken down, and actually rationalised. It was just to buy time.
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  2. It is because of the way that the banking system worked. So the central government doesn't control the local taxes... for a region to have money, they need to bring in that money, and normally, they need to borrow money from the central banks into that region in order to spend, as their budgets. It is like..."give me money Emperor.. from the treasury, I need it".... And only because you ask, then do you get. Once you get this, how do you sustain the money to go back round? Because the constitution stated that you could actually own your properties, and have rights. But how do you have rights, if you don't find ways to then recirculate that money back round ?? In the past, the people went abroad to work, and then bring back home the bacon, so that there is a means of exchange etc etc.... That is what happened, but you cannot have around 1.4 billion people, all wanting to do the same things, right ? This is why some people are quite demovitated, and demoralised, and doesn't see a future etc. Cos the against voice is stronger.
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