Are you kidding? inner mongolia? that's in the middle of the gobi desert. Who the fuck would go there. You are really getting desperate for negative examples on china arent you? That's like a chinese pointing to the middle of the death valley or camden nj and say look usa sucks!
Cover your ears and yell lalala all you want, the fact is china is becoming the next economic superpower. You can either continue to be in self-denial and paste those bullshit examples to make yourself feel better or try to get on the boat and profit from it.
Also real estate continue to go up in shanghai, and it's so easy to rent at less than 15 yr return, even if some blackswan and the property values go down, you can still rent out the apts easily in big cities. With world trade expo coming next may and the largest disney theme park in the world scheduled in shanghai, it's only getting better. The same story is true all over the major cities of china.
Not to mention the investment will be in yuan not dollars, any moron (except buylowsellhigh) can see the yuan must go up in the next 5-10 years. So that's another added benefit.
Hate china, hate commies, be a redneck, but dont let your personal emotions interfere with opportunities to profit. I dont even actively trade anymore, just having a few long term stocks in retirement accounts and some commodities holdings, what's the point when you can use the same money and invest it in china for easier cashflow
Cover your ears and yell lalala all you want, the fact is china is becoming the next economic superpower. You can either continue to be in self-denial and paste those bullshit examples to make yourself feel better or try to get on the boat and profit from it.
Also real estate continue to go up in shanghai, and it's so easy to rent at less than 15 yr return, even if some blackswan and the property values go down, you can still rent out the apts easily in big cities. With world trade expo coming next may and the largest disney theme park in the world scheduled in shanghai, it's only getting better. The same story is true all over the major cities of china.
Not to mention the investment will be in yuan not dollars, any moron (except buylowsellhigh) can see the yuan must go up in the next 5-10 years. So that's another added benefit.
Hate china, hate commies, be a redneck, but dont let your personal emotions interfere with opportunities to profit. I dont even actively trade anymore, just having a few long term stocks in retirement accounts and some commodities holdings, what's the point when you can use the same money and invest it in china for easier cashflow
Quote from ByLoSellHi:
Chinaâs Empty City
http://chinadigitaltimes.net/2009/11/chinas-empty-city/
Al Jazeera looks at the impact of Chinaâs economic stimulus spending:
Chinaâs economy is continuing to grow despite the global recession, helped by a massive government stimulus package of $585bn.
But doubts remain whether such strong growth can be sustained by public spending alone.
Al Jazeeraâs Melissa Chan reports from Inner Mongolia, where a whole town built with government money is standing empty.
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