Newz Uganda: Chinese debt trap: How China is using loans to take over Africa’s natural resources

[Adam WANG SHANGHAI MEGA]

WOW, the price of the apartment is almost as expensive as a middle size apartment in HK, what is the average income range in shanghai? And is that true many young people in Shanghai already own an apartment or two before marriage? Sorry for the silly questions, since I have a Uncle who has a wife from Shanghai and sometime he talks about thing like that. My father had been in Shanghai eight year ago, and he said Shanghai has been already better or more advanced (city planning and infrastructure) than HK at that time.

If you have an apartment in Shanghai, you are a millionaire in RMB. If you have a house in Shanghai, you are a billionaire in RMB.

If you have an apartment in the center of Shanghai, the total value of the property you own is about 8 million to 20 million yuan (100 square meters，depending on where your apartment is located.)

The total value of my house when I bought it was 520,000 yuan = 94.25 square meters.
Now the total value is 750,000 yuan, the total value of my house can not buy a toilet in Shanghai.

it is already very cheap,in my home town village,if you want to build a house in you own land,it will cost you 200 000 yuan already(Among them 70000 are labor costs).


Now, in rural China, an ordinary construction worker, the daily salary can not be less than 150 yuan = 24 dollars about 700 USD per month, otherwise you can hire nobody.

A rural house in Anhui Province，CHina

In Hong Kong, if you want to buy an apartment like me (94.25 square meters), you should spend 6 or 7 million Hong Kong dollars instead of 520,000 yuan.

9 times expesnive than mine.
And i am telling you Changzhou is a city with 4 717 000 population and Hongkong 7 300 000 only!

Middle size apartment in HK means?
50 square meters?
30 square meters?
Mine is 94.25 square meters.



520 000 RMB which means US$78051 can buy a Middle size apartment in HK？
You misunderstand 520 000 RMB to 5 200 000 RMB right？

Hongkong Ranks number one in Real estate
No city in China can match Hongkong Price maybe SHanghai or Beijing and that it is.

Hongkong Ranks number one in Real estate
No city in China can match Hongkong Price maybe SHanghai or Beijing and that it is.

 

[Kyle Sun]

 

[bbccdd1470]

If you have an apartment in Shanghai, you are a millionaire in RMB. If you have a house in Shanghai, you are a billionaire in RMB.

If you have an apartment in the center of Shanghai, the total value of the property you own is about 8 million to 200 million yuan (100 square meters，depending on where your apartment is located.)

The total value of my house when I bought it was 520,000 yuan = 94.25 square meters.
Now the total value is 750,000 yuan, the total value of my house can not buy a toilet in Shanghai.

it is already very cheap,in my hone town village,if you want to build a house in you own land,it will cost you 200 000 yuan already(Among them 70000 are labor costs).


Now, in rural China, an ordinary construction worker, the daily salary can not be less than 150 yuan = 24 dollars about 700 USD per month, otherwise you can hire no nobody.

A rural house in Anhui Province，CHina

A rural house in Anhui Province，CHina

In Hong Kong, if you want to buy an apartment like me (94.25 square meters), you should spend 6 or 7 million Hong Kong dollars instead of 520,000 yuan.

9 times expesnive than mine.
And i am telling you Changzhou is a city with 4 717 000 population and Hongkong 7 300 000 only!

Middle size apartment in HK means?
50 square meters?
30 square meters?
Mine is 94.25 square meters.

Middle size apartment in HK means?
50 square meters?
30 square meters?
Mine is 94.25 square meters.

520 000 RMB which means US$78051 can buy a Middle size apartment in HK？
You misunderstand 520 000 RMB to 5 200 000 RMB right？

Hongkong Ranks number one in Real estate
No city in China can match Hongkong Price maybe SHanghai or Beijing and that it is.

View attachment 484574 View attachment 484575

Hongkong Ranks number one in Real estate
No city in China can match Hongkong Price maybe SHanghai or Beijing and that it is.

View attachment 484574 View attachment 484575

You are right, I misunderstand the price. The average size is around 500 to 750 sq ft, and about 75% of people live under 1000 sq ft. Also your post is very informative.

 

[jhungary]

You are right, I misunderstand the price. The average size is around 500 to 750 sq ft, and about 75% of people live under 1000 sq ft. Also your post is very informative.

I would say the average size of apartment is <400 ft, You only get around 700 + ft when you live in New Territories or Lantau or in one of those Island. Even so, you are still looking at around HKD$7000 + per sq ft.

I used to live in Shek Kip Mei (near Kowloon Tong) and my flat was around 350 sq ft, and my mother sold that flat in 1990s for around 1 millions HKD to my then neighbour, and last time I check up with them when I was in Hong Kong, they told me the flat now worth at least 7.5 millions Hong Kong dollars, and that was around early 2010.

My brother have brought an investment properties in Sham Shui Po, he bought it outright when it was only worth 2.2 millions some 7 years ago, now it worth over 9 millions.... That flat is also around 350 sq ft.

Talking about flat price.

And on topic.

Debt Trap is nothing new. Every country did that, the thing is, does it worth doing in a particular country?

The list of country China laid debt trap in, all of them have or had US aid contract currently or before, you need to know why these country borrow from China after they borrow from the US? And what happen to the money owing after the contract is completed?

US loaned money to these country before, using the same method, they simply ignore the American when it's time to pay back the due. Hence they cannot secure another US loan and turn to China. And guess what they will do when it's time to pay back the Chinese?

If you have money to burn, go for it, but don't expect leeway or money in return, these country would simply grab your money in both hand and say "Thank You" then run with it.

 

[Adam WANG SHANGHAI MEGA]

More like Western media when dealing with China news！

All countries understand that if you owe money to the United States, you need to use your life to pay back.

Saddam in Iraq and Gaddafi in Libya already know this truth.

The "China debt trap" was invented by Westerners. Just like the Chinese threat theory after the founding of New China, did China rape the British or kill the Americans?

The United States has established many military bases at the doorstep of the Chinese to directly threaten China’s security. If China wants to establish a military base in Cuba, will Americans allow it? ? ?

China does not have to grant loans to African countries and African countries could say no. Just like Burkina Faso, you can choose not to establish diplomatic relations with China, as long as you feel that it is beneficial to your country.

Historically, all countries hostile to China were eventually wiped out by China: the Huns, the Xianbei, the Goguryeo, the Khitan, the Mongols, the Tubo, and the Turks! ! !

Sometimes China is not actively launching an attack, but in order to defeat the enemy, China has to build the strongest army in the world.

 

[bbccdd1470]

I would say the average size of apartment is <400 ft, You only get around 700 + ft when you live in New Territories or Lantau or in one of those Island. Even so, you are still looking at around HKD$7000 + per sq ft.

I used to live in Shek Kip Mei (near Kowloon Tong) and my flat was around 350 sq ft, and my mother sold that flat in 1990s for around 1 millions HKD to my then neighbour, and last time I check up with them when I was in Hong Kong, they told me the flat now worth at least 7.5 millions Hong Kong dollars, and that was around early 2010.

My brother have brought an investment properties in Sham Shui Po, he bought it outright when it was only worth 2.2 millions some 7 years ago, now it worth over 9 millions.... That flat is also around 350 sq ft.

Talking about flat price.

And on topic.

Debt Trap is nothing new. Every country did that, the thing is, does it worth doing in a particular country?

The list of country China laid debt trap in, all of them have or had US aid contract currently or before, you need to know why these country borrow from China after they borrow from the US? And what happen to the money owing after the contract is completed?

US loaned money to these country before, using the same method, they simply ignore the American when it's time to pay back the due. Hence they cannot secure another US loan and turn to China. And guess what they will do when it's time to pay back the Chinese?

If you have money to burn, go for it, but don't expect leeway or money in return, these country would simply grab your money in both hand and say "Thank You" then run with it.

You are right, I'm not in good condition today. First I mislook the price of the apartment, and then i used the wrong word, what I wanted to say is the middle size apartment. Thanks for correcting me.