you're right pepper. i live in china currently. that guy seemed to be talking hyperbole just to get attention.
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Is China a bubble?
- Thread starter a529612
- Start date
you're right pepper. i live in china currently. that guy seemed to be talking hyperbole just to get attention.
Quote from pepper_john:
looks like a political message.
That's the truth.
Don't believe any official statistical data of China. China's government is specilized to cheat.
The human and property rights of Chinese normal civilians can not be sacrificed all along because they are not silent slaves after all. Severe social problems will result in a fiercely revolution and a big recession of economy someday, if China keeps "developing" under current political system.
Quote from qll:
i am in china currently.
condo price in beijing $1.5M+, and all are sold out.
if you make less than $120K a year, people will think you are a joke.
if you want to buy trading books, call a store, they photo copy the whole book for you and charge you by the weight of the paper.
if you want to buy a computer, 50% of the chance, the parts are used or fake.
if you eat here, 90% the food is not healthy and prepared by ill people. for the same clean food, you pay 200% more than us price.
credit card is not accepted, i carry $10k cash every day.
i am only here for hiring. it is a good place to find slaves, not a good place to live. ibm china promissed an over time pay of $30 a hour and they never paid a penny to employees who worked 12 hours a day 6 days a week.
trading chinese stocks has a 10% limit per day and it is T+1= you can sell only as soon as the next trading day. commission is 1.5% each way, without any additional fees. 100% of the financial reports are fake. however bill gates is buying chinese stocks.
not sure if you call it a bubble. several friends got their business IPOed in US and they have $100M net assets now.
You do not live in China. That much is obvious to anyone who has been there.
Quote from Tums:
China has the BEST and the WORST of everything.
They have the grandest of grand hotels. The opulence is beyond many American's imagination.
They have cheap labour, cheap raw material, cheap land, cheap transportation...
They also have luxury condos and expensive country clubs.
Is China a communist country? You can see Buicks everywhere. (Even the police uses them.)
You can use US$1 to buy a delicious bowl of beef noodle from a local joint... or US$200+ to buy a Japanese Kobe beef steak from a fancy restaurant.
China has fantastic golf courses. Many are the creations of World famous designers...
If you have been to the Canton Spring Fair, you know what busy means.
If you have been to Yiwu... you will have a different view on the word commodity.
China TODAY is an experience you should not miss. Because in a few year's time, China will be no different from USA -- motels, mega shopping malls...
Some might want to view China as a threat, a bubble or whatever... I only see never ending opportunities.
And this man has been to China.
One of the things that surprises me about the big cities in China is the Capitalism on Steroids is running amok!
Quote from Avid_Consumer:
The Secret Behind China's Economy
http://www.youtube.com/watch?v=pvhvUJtfVNA
video of homes being confiscated and razed minutes later to put up skyscrapers
Minutes later??? No. Lots of notice. The places they are knocking down are slums. They are cleaning up for the 2008 Olympics. Just like anywhere, people don't like change to much.
one thing that amazes me about et.. whatever the policy, no matter how viciously draconian it is, someone will always come out defending it
Quote from Avid_Consumer:
one thing that amazes me about et.. whatever the policy, no matter how viciously draconian it is, someone will always come out defending it
Really?? Progress is draconian? Have you ever been to China? Have you ever been outside of the your western world? How jingoistic of you. Do you have any idea of what conditions those people are living in? Many still do not want to go. But for the sake of the entire community in China, changes are being made.
Go there. See it for yourself.
This worship of 'personal choice at all costs' is what is killing society in general and is creating chaos.
actually yes, i spent several years of my childhood living in Manila. have you ever been outside a highrise condo?
my understanding is that in many cases families are even being kicked off property they've owned for hundreds of years.
my understanding is that in many cases families are even being kicked off property they've owned for hundreds of years.
Quote from Avid_Consumer:
actually yes, i spent several years of my childhood living in Manila. have you ever been outside a highrise condo?
my understanding is that in many cases families are even being kicked off property they've owned for hundreds of years.
These people in China do not 'own' that land in the traditional western sense of the word.
Different situation all together.
It sucks when it happens to you. But their is a concept often forgotten and viewed as evil in the western world - Community Good. That is why the freaks around the US gte so insane over the globalization move.