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On 2024-07-19, Kirk Spragg wrote:
>
> mg> Found that video I was thinking about, wrong channel but deals a lot in
> mg> what we are talking about
> mg> https://www.youtube.com/watch?v=d7SVsqg4Jzk&t=30s
>
> I watched it a couple of days ago . That is quite an interesting video which
synthesizes a lot of the sporadic info I have come across regarding China's
realestate collapse and their demographic collapse.
>
> I did not realize how heavily Chinese families were investing in realestate.
> I though it was just the local governments.. the whole thing (as described
> by the video you linked) sounds like a giant ponzi scheme, one that has
collapsed quite spectacularly.
>
> That gotta hurt & its hardly surprising that Chinese families are not
willing to spend more than they have to.. which is going to make increasing
GDP & economic recovery that much harder for China.
>
> I really wonder how they will pull themselves out of this mess.
>
> ... Veni, Vidi, ROFL -- I came, I saw, I -laughed-!
>
> --- Mystic BBS v1.12 A48 (Linux/64)
> * Origin: 2o fOr beeRS bbS>>20ForBeers.com:1337 (1:105/420)
China since Deng Xiaping it's more like an hybrid regime than anything else.
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