Here's Why China's Economy Will Be So Hard to Fix
- Thread starter dealmaker
- Start date
LISTEN UP...we are dealing with COMMUNISTS here.
1) Phony statistics
2) Phony leadership
3) rigging the FX markets
It's finally come home to roust....
the big "tell" is the price of copper...teetering at the $2 per pound level....
below the cost of production.
China can't and won't "fix" it's economy.
1) Phony statistics
2) Phony leadership
3) rigging the FX markets
It's finally come home to roust....
the big "tell" is the price of copper...teetering at the $2 per pound level....
below the cost of production.
China can't and won't "fix" it's economy.
you are cute
I wonder if a component of the copper weakness is copper as a substitution for financial collateral. Warehoused copper. There is some deleveragng and flight in China over the last year
so maybe the trucks are leaving the warehouse full.
Communism like dictatorship has lots of disadvantages and I won't want to live in one but it does have one advantage: If, a big if, they can find the right recipe, things can improve quickly.
China is a communist country uh ? Why have we read for over a decade that it is wild capitalism out there ? Or state capitalism at least when it comes to larger entreprises ?
Just hang out in China wealthy cities and you might wish such a communism will come soon to your doorstep, especially when comparing the situation to 30 years earlier.
Rich entrepreneurs and very well off executives all over the place.
Just the real estate chinese are allowed to invest in and which has gone through the roof has minted hordes of multimillionaires (I wouldn't buy now in tier 1 cities but I had the same idea a couple of years ago and it's kept going up in the meantime).
Just hang out in China wealthy cities and you might wish such a communism will come soon to your doorstep, especially when comparing the situation to 30 years earlier.
Rich entrepreneurs and very well off executives all over the place.
Just the real estate chinese are allowed to invest in and which has gone through the roof has minted hordes of multimillionaires (I wouldn't buy now in tier 1 cities but I had the same idea a couple of years ago and it's kept going up in the meantime).
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when the emperor wants a railroad, it is built in the straight line he drew on the map, end of discussion. No freedom, no property rights, but fast straight rail lines.
If there are no property rights, why are Chinese nail houses so talked about in western media?
You can look up on the net for more info on the topic :
http://www.businessinsider.com/china-nail-houses-2015-4?op=1
Buildings don't live very long in China, and might be torn down after a couple of decades, from what I witness unit owners end up rather satisfied with the deals they get.
Government seems quite efficient in limiting protests that aim to block the realisation of its projects but a lot of wealth have been created through private ownership of real estate in China (one actually get a long term lease, like in the UK and Hong Kong rather than own the property )
I don't have stats in hand but it also seems the government in China is less keen on seizing individuals' property than in Western countries when one ends up in trouble with the judicial system.
You can look up on the net for more info on the topic :
http://www.businessinsider.com/china-nail-houses-2015-4?op=1
Buildings don't live very long in China, and might be torn down after a couple of decades, from what I witness unit owners end up rather satisfied with the deals they get.
Government seems quite efficient in limiting protests that aim to block the realisation of its projects but a lot of wealth have been created through private ownership of real estate in China (one actually get a long term lease, like in the UK and Hong Kong rather than own the property )
I don't have stats in hand but it also seems the government in China is less keen on seizing individuals' property than in Western countries when one ends up in trouble with the judicial system.
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