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Lepi Doptera
Zeihan on Geopolitics
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Comments by "Lepi Doptera" (@lepidoptera9337) on "The Failure of Chinese Real Estate || Peter Zeihan" video.
When was that? In 1978? ;-)
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Yes, by far. :-)
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Triggered. ;-)
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The rent in Tier 1 cities is not low (Shanghai rents are easily $2000-3000 for good flats, which is basically above GDP per capita for China on average) and income for most people in lesser desirable areas of China is extremely low. So, no, living in China is not cheap for most.
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It has been even ten years ago. The Chinese government has been tightening money flow out of Chine continuously to prevent the worst.
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What money would that be? ;-)
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The go and invest your money in a Chinese apartment. What could possibly go wrong? ;-)
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If you ask the Chinese, that's exactly how they feel. That's why so many want to leave. ;-)
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What was he wrong about? The Chinese population collapse? It's happening even according to recent Chinese government data. The collapse of Chinese economic growth? It's happening even according to Chinese government data.
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GDP in China is approx. $13,000 per capita. In the US it's 86,000. China will not overtake the US in the relevant metric in the 21st century and it's unlikely that it will last to the 22nd in its current form.
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And it has. GDP growth was an anemic 5% according to official numbers, which we know are fake. ;-)
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Triggered. ;-)
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@ I love to see the triggered and beat the CCP trolls that populate the comment section of his content. ;-)
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The Chinese don't need more labor. Obsolete sectors like construction are being kept alive artificially exactly because they have too much labor and don't know what to do with it.
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Hopefully as many years as this nonsense has been going on. He should have said that this was going on for 20-30 years. I have seen ghost cities with my own eyes ten years ago. They are not a myth.
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He is showing you that he's a cool dude who is enjoying life. He is hiking in New Zealand while you are hanging out to dry in front of a screen made in China. ;-)
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