Author Topic: #CHINA  (Read 78 times)

Mackin USA

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#CHINA
« on: October 02, 2018, 11:47:48 AM »
“They are worried about chaos,”

The government’s new directive betrays a mounting anxiety among Chinese leaders that the country could be heading into a growing economic slump. Even before the trade war between the United States and China, residents of the world’s second-largest economy were showing signs of keeping a tight grip on their wallets. Industrial profit growth has slowed for four consecutive months, and China’s stock market is near its lowest level in four years.

https://www.nytimes.com/2018/09/28/business/china-censor-economic-news.html
Mr. Mackin

Drastic

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Re: #CHINA
« Reply #1 on: October 02, 2018, 03:27:28 PM »
How real are those "empty" cities where the chinese put their money into real estate dev and nobody moves into the buildings?

littleman

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Re: #CHINA
« Reply #2 on: October 02, 2018, 05:03:44 PM »
A lot of the buildings in those ghost cities are very poorly constructed too, so I doubt the buyers will ever be able to get their money back.

These guys did some up close filming at one of those places recently.

If China tanks I think it will hit the West.
« Last Edit: October 02, 2018, 05:05:41 PM by littleman »

ergophobe

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Re: #CHINA
« Reply #3 on: October 02, 2018, 05:17:08 PM »
If China tanks I think it will hit the West.

You know how they say "When the US sneezes, the world gets a cold?"