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ken_ichikawa

China Is Fekkered

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Much talk on how china is fekkered with their ultra property bubble (ignoring the fact that not everybody is in on it and many factory workers i.e. 900 million people live in dorms).

A newish development in Chengdu is the container home! 18 square metres for $1 USD per day! Thats right ONE USD per day.

Or 217RMB a month or 11% of the average low paid job in China. Again unlike the UK where rents are often 40-60% of a person's take home pay.

In London such a home would be £2000+ a week. Or you could buy it for 3-6 million pounds. :D

Edited by ken_ichikawa

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Much talk on how china is fekkered with their ultra property bubble (ignoring the fact that not everybody is in on it and many factory workers i.e. 900 million people live in dorms).

A newish development in Chengdu is the container home! 18 square metres for $1 USD per day! Thats right ONE USD per day.

Or 217RMB a month or 11% of the average low paid job in China. Again unlike the UK where rents are often 40-60% of a person's take home pay.

In London such a home would be £2000+ a week. Or you could buy it for 3-6 million pounds. :D

In London such a home would be £2000+ a week.

Shipping containers are for sale on Ebay for about £1500.

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I'd prefer that to living in a caravan although with that size house i fail to see how China will take the torch as the worlds premier consumer economy.There just isn't enough room for much junk in those things.

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The Chinese are suffering from the effects of a seriously undervalued currency. Hot money is flowing in and inflation is taking hold. Chinese inflation will be reflected in the goods / services we import from them. They may revalue the Renminbi Yuan upward vs the USD at some point too. Just think all those Chinese with all that spending power. No wonder they are buying everything tangible they can with all those USDs..

Below you can see how the Yuan appreciated and then was pegged for 2 years. Then, it was allowed to appreciate a bit more, but it is still seriously undervalued.

cny.jpg

Thanks.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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