Chinese Economics Thread
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Actually kind of remarkable how good IPO's have been working out in China. I remember just a few years ago people were predicting it to fail as NYSE is a private company with a profit motive to list as much whereas whatever the chinese equivalent is a SOE
@Sleepystudent YouTube channel. This thing has amassed 4.5 million hits in just 10 days. It's really quite something how the idiots on the internet want China to fail and takes delight in whatever fake news they can get or latch on to just so they can continue to cope that their system is the bestest ever. No wonder, Peter Zeihan is being bandied around as some kind of geopolitical genius because the man spews all the crap they want to hear.
Anyway, here's the latest China collapse theory.
Anyway, here's the latest China collapse theory.
Bravo. This is effectively milking youtube and its sponsors. Sleepy etc. are damaging capitalism from within. Let the fake news spread. The dumber your enemies have become, the better.
Both things can be true at once:
1) China won't collapse and the media is full of shills
2) The housing market in China is monumentally badly mismanaged and massively overpriced (price-to-income ratio for Beijing/Shanghai/Shenzhen are *much* higher than in even cities like NY or London)
Wish people could have nuanced debate on these topics, but it seems impossible on both sides.
1) China won't collapse and the media is full of shills
2) The housing market in China is monumentally badly mismanaged and massively overpriced (price-to-income ratio for Beijing/Shanghai/Shenzhen are *much* higher than in even cities like NY or London)
Wish people could have nuanced debate on these topics, but it seems impossible on both sides.
Useless measure. Only people who know little about China would harp on this stat. 北上广深 real estate prices are the result of money pouring in from investors all over China, not dissimilar to Canadian complaining about foreigners bid up the real estate prices in Vancouver and Toronto.
When I was living in Shanghai, people were complaining about 温州炒房团 bidding up all the real estate.
They’ve already deliberately popped the bubble, no? I think there’s an expectation of somewhat depressed growth for some years after, but a collapse is out of the question. Popping it now instead of waiting another 10 years for what might be a catastrophic implosion is good, actually.
All his others doom and gloom videos do not have even have half of the views that he get on his exaggerated China videos.
Mainstream media has Americans and Westerners in general so fixated on China that they are basically blind to the collapse that is happening around them and the dangers that their elites have brought to them. To think that China is the only big country that has not resorted to massive monetary stimulus to prop up its economy tells you everything.
Mainstream media has Americans and Westerners in general so fixated on China that they are basically blind to the collapse that is happening around them and the dangers that their elites have brought to them. To think that China is the only big country that has not resorted to massive monetary stimulus to prop up its economy tells you everything.