Jump to content
House Price Crash Forum

Archived

This topic is now archived and is closed to further replies.

workhou

80% Of Wealthy Chinese Will Fall Back Into Poverty

Recommended Posts

http://www.echinacities.com/china-media/Expert-Says-80-of-Wealthy-Chinese-Will-Fall-Back-Into-Poverty-in-the-Next-Three-Years

The Chinese elites got rich from being opportunists not working hard. I live in Shenzhen and feel like I am being constantly weighed up for ways to profit. Ripped off loads of times with contracts and housing they do it systematical to foreigners and each other . It is absolutely astounding that China is held up as some kind of globalisation rebuttal to critics of neo-liberalism.

Their economy will collapse because of this lack of foresight of consequences or long-term thinking, a marketing approach rather than sales orientation if you will. Similar to the economy built on housing in the uk in many ways...

Share this post


Link to post
Share on other sites

Thanks, interesting stuff. My parents in law who live in Hong Kong have been scammed a few times for fairly large amounts of money, each time from the mainland.

Is gullibility a particularly chinese trait? Seems to be to me.

Share this post


Link to post
Share on other sites
I am being constantly weighed up for ways to profit. Ripped off loads of times with contracts and housing they do it systematical to foreigners and each other .

Could be some European countries on that count.

Share this post


Link to post
Share on other sites

How many of the nouveau british middle class will do the same ?

And by "the nouveau british middle" I mean british people with jobs and a bank debt who think they are better than they are. You know who you are.

Share this post


Link to post
Share on other sites

Their economy will collapse because of this lack of foresight of consequences or long-term thinking

This is a human flaw, not a Chinese one. The American and Western economies in general will and are collapsing right now for the same reasons.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.