Global Times: Oversupply in China’s housing market remains a problem:former statistician "even 1.4 billion people cannot fill all those vacant houses"

[A Voice of Reason]

Chinese property market does not run on foreign investments.

If only foreign investors had not also invested in China's property market or development firms. The coming storm could possibly have been limited to the unfortunate Chinese people who have largely invested their life's savings into this market. But alas.

 

[CIA Mole]

In some ways the collapse of property is a GOOD thing. In the past, the GoC maintains a city residenceship system. The collapse of property will make cities quickly abolish such unfair system.

I see the city residenceship system going away soon.

china is a feudal society with lords and peasants, the localities are owned by the lords

the people has never and will never own anything other than the clothes on their backs

 

[beijingwalker]

china is a feudal society with lords and peasants, the localities are owned by the lords

the people has never and will never own anything other than the clothes on their backs

Show us more about your stupidity, a resident clown in PDF.

 

[CIA Mole]

Show us more about your stupidity, a resident clown in PDF.

chinese people around me agree with me

 

[beijingwalker]

chinese people around me agree with me

Show us more about your stupidity, a resident clown in PDF.

 

[CIA Mole]

Show us more about your stupidity, a resident clown in PDF.

it's fine to own nothing i guess, nothing to worry about or have to maintain

just live simple life as serf

 

[beijingwalker]

it's fine to own nothing i guess, nothing to worry about or have to maintain

just live simple life as serf

Serf to your white masters and also doubling as a clown.

 

[CIA Mole]

Serf to your white masters and also doubling as a clown.

maybe one day u wont have to use VPN to make a living anymore like this guy

China dev fined 3 yrs’ salary for VPN use, 10M e-CNY airdrop: Asia Express

Crypto industry concerns after Chinese dev fined 3 years' salary for using a VPN, largest Ponzi in Hong Kong history, JPEX saga, and more.

cointelegraph.com

 

[beijingwalker]

maybe one day u wont have to use VPN to make a living anymore like this guy

China dev fined 3 yrs’ salary for VPN use, 10M e-CNY airdrop: Asia Express

Crypto industry concerns after Chinese dev fined 3 years' salary for using a VPN, largest Ponzi in Hong Kong history, JPEX saga, and more.

cointelegraph.com

This is why you are so stupid to believe it.

 

[CIA Mole]

This is why you are so stupid to believe it.

u cant even freely move your money out and use it overseas, how can u say u own it

 

[beijingwalker]

u cant even freely move your money out and use it overseas, how can u say u own it

This is why you are so stupid to believe it. clown, 160 million Chinese traveled overseas in 2019 and Chinese are known for being big spenders. You serve your clown role very well in PDF, keep it up.

 

[CIA Mole]

This is why you are so stupid to believe it. clown, 160 million Chinese traveled overseas in 2019 and Chinese are known for being big spenders. You serve your clown role very well in PDF, keep it up.

how many in 2020-2023

 

[beijingwalker]

how many in 2020-2023

Clown tries to digress again, just a clown being a clown.

 

[Viet]

china is a feudal society u work for the lords who own the land

like the old days

More or less yes. the state owns everything. In China the lease is about 70y. Probably under assumption nobody will live longer than 70y. The bubble will continue though. The more houses the better. Remember of game of monopoly? Have and have not.
Ccp is rich. Almost all major banks are state run. The banks will continue to feed the bubble. Ccp can’t afford to let the property to crash. That’s impossible. That would mean mass of Chinese would lose all savings. China would become poor. Social unrests coming.

 

[CIA Mole]

More or less yes. the state owns everything. In China the lease is about 70y. Probably under assumption nobody will live longer than 70y. The bubble will continue though. The more houses the better. Remember of game of monopoly? Have and have not.
Ccp is rich. Almost all major banks are state run. The banks will continue to feed the bubble. Ccp can’t afford to let the property to crash. That’s impossible. That would mean mass of Chinese would lose all savings. China would become poor. Social unrests coming.

their natural resources and state enterprises and Evergrande etc… are all divided among the feudal lords until the king decides to bestow it to someone more loyal

Who Profits From China’s Zero-COVID Strategy?

As Beijing braces for possible lockdown, the leadership shows no sign of changing course.

foreignpolicy.com

the king even divided up covid testing and food delivery services during lockdowns to only the most loyal vassals

N.K. leader gave Swiss watches to senior officials in May: report | Yonhap News Agency

TOKYO, Dec. 4 (Yonhap) -- North Korean leader Kim Jong-un gave Swiss luxury watches to abo...

m-en.yna.co.kr

the north korea version is giving out rolex and benz




any state that operates on buying loyalty to the king is essentially feudal

@beijingwalker and heres ur most recent chinese travel numbers