China-Egypt Cooperation (Suez Canal, New Cairo, etc): News & Discussions

[Nike]

yeah thinking out of the sand box is good for Egyptian, China is notoriously know for their Ghost town projects at home

 

[lcloo]

My former boss who was stationed in Egypt for few years told me his experience of housing phenomenon there. He said the houses in Alexandria keep on growing higher over times.

When the family members increased due to birth and marriage, a new level of structure is added to the top of original building to accommodate new family members .

And when the family grow bigger after few years, another layer is added. And as time goes by, a two storey building will grow to 3 storey, then 4 storey, then 5 storey and so on.

The results were highly irregular planned buildings.

 

[beijingwalker]

yeah thinking out of the sand box is good for Egyptian, China is notoriously know for their Ghost town projects at home

Western reporters know nothing about so called ghost towns

Dan Collins: Ghost Cities in China Disappearing

 

[Jlaw]

yeah thinking out of the sand box is good for Egyptian, China is notoriously know for their Ghost town projects at home

http://www.vagabondjourney.com/zhengzhou-zhengdong-china-largest-ghost-city/

Nice try but try harder!

 

[lcloo]

yeah thinking out of the sand box is good for Egyptian, China is notoriously know for their Ghost town projects at home

China's ghost towns are results of property speculation, not the result of bad town planning. Chinese are crazy on property speculation because the return on investment was huge.

People owning 2 or more houses became instant millionaire in just under a year after buying a house. Prices of houses in some cities increased more than 100% in two or three years.

Owners of ghost town houses are generally rich people with three, four or even more houses. They can afford to leave the houses unoccupied for years. Even in ghost towns, the capital value appreciation of empty house is far better than investment in gold and stock market.

 

[Jlaw]

China's ghost towns are results of property speculation, not the result of bad town planning. Chinese are crazy on property speculation because the return on investment was huge.

People owning 2 or more houses became instant millionaire in just under a year after buying a house. Prices of houses in some cities increased more than 100% in two or three years.

Owners of ghost town houses are generally rich people with three, four or even more houses. They can afford to leave the houses unoccupied for years. Even in ghost towns, the capital value appreciation of empty house is far better than investment in gold and stock market.

China's "ghost town" is government planning ahead ten years into the future for our mega cities and urbanization. Something few outsiders understand.

 

[beijingwalker]

When it comes to infrastructures, China plans everything ahead , railways, airports, roads... China tends to do things before they have to be done. That's China's way of doing things.

 

[Russell]

45 bn in Egypt, 45 bn in Pakistan 20 bn in Bangladesh, etc. Chinese are investing like no tomorrow. Where are they getting so much to invest from?

Foreign exchange reserves of $3 Trillion.

Don't know about the other countries, but in Bangladesh a lot of the money is going to be loans. Loans at a low rate - 2%, but, still they'll be making money in the long run.

 

[Djinn]

China carefully treading towards worlds strategic routes. A well planned move indeed, i can't even imagine the crippling US anxiety over this establishment. Russia in Syria and China in Egypt and in between US sowed puny Izzraeel

 

[beijingwalker]

One of my friends just came back from Japan from the National day holiday and she told me when in Japan she saw a TV program about China and the host asked Japanese young people what is the number one question they want to ask about China and the question turned out to be "Why Chinese tourists have endless money to spend"

 

[Shotgunner51]

Foreign exchange reserves of $3 Trillion.

Don't know about the other countries, but in Bangladesh a lot of the money is going to be loans. Loans at a low rate - 2%, but, still they'll be making money in the long run.

Forex reserve holdings are mostly in cash (foreign currencies), gold and foreign assets of high liquidity like sovereign bonds. It's used for BoP (Balance of Payments) and support monetary policies, China's current (Sep 2016) holdings is around US$ 3.2 trillion, largest in the world, but way too excessive, given that RMB is increasingly internationalized (e.g. currency swaps, SDR).

To better manage excessive capital accumulated from sustaining trade surpluses (say for the year 2015, it was US$ 595.5 billion), China has constructed sovereign welfare funds (SWF) since 2007 to manage outbound direct investment (ODI), by now (Sep 2016) there are at least 4 SWF's, combined assets under management close to US$ 1.7 trillion, making China the largest SWF nation.

https://defence.pk/threads/chinas-new-pivot-of-investment-sovereign-welfare-funds.455072/​

SWF has been instrumental in ODI. For example, ports like Piraeus (largest port of Greece) and other around the world invested by COSCO are supported by China Investment Corp (CIC), one of the funds mentioned above.

 

[Offshore]

45 bn in Egypt, 45 bn in Pakistan 20 bn in Bangladesh, etc. Chinese are investing like no tomorrow. Where are they getting so much to invest from?

Ask American , how much trade deficit they have with China.
And do your math

 

[Shotgunner51]

"Why Chinese tourists have endless money to spend"

Because Chinese household has very low debt rate, while on the contrary, an enormously high savings rate. How high? As percentage of GDP, China is 46% (year 2015, CIA Factbook), tied with Singapore and ranked 2nd highest in the world, only behind Qatar's 54.5%.

http://www.tradingeconomics.com/china/households-debt-to-gdp
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2260rank.html​

Japanese young people what is the number one question they want to ask about China

Young people are debt-free. Firstly, student loan, it's non-existent in China. Secondly, house, already purchased and fully paid, it's popular trend.

https://defence.pk/threads/two-reas...sh-to-burn-than-american-counterparts.454783/​

 

[terranMarine]

indo is still a third world country with very little progress in decades. At least Egypt is willing to think outside the box.

When i googled Indonesian slums the photos resembles ..... and here's an Indo who thinks China is crashing because of these so called ghost cities. I rather live in these "ghost" towns than in Jakarta slum.

 

[cirr]

yeah thinking out of the sand box is good for Egyptian, China is notoriously know for their Ghost town projects at home

If you live on what the Western media feed you, then, well, good luck!