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reddog

Is China's Housing Bubble About to Burst?

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No.

China is applying scientific socialism, as favoured by Brown and Corbyn.

By subjecting plans to committees of insiders, highly trained in English literature, party ideology and Geography, the politburo are able to ensure no penny is wasted in the superior economic development model

hotelchine.jpg

 

 

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35 minutes ago, Diver Dan said:

China's property bubble has been on the brink of bursting pretty much since I joined this site. Is it different this time?

 

:D 

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15 hours ago, Diver Dan said:

China's property bubble has been on the brink of bursting pretty much since I joined this site. Is it different this time?

 

Damn, I had to check - you joined in 2010.

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The possibility of China imploding isn't new. Anyone remember the video Hugh Hendry made back in 2009 - that is an awful long time ago now.

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6 hours ago, NuBrit said:

The possibility of China imploding isn't new. Anyone remember the video Hugh Hendry made back in 2009 - that is an awful long time ago now.

Hugh Hendry (Former big favourite on here) had to close his hedge fund a while back because his bearish bets weren't paying off, I think he is still convinced though that "the big one" is coming.

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6 hours ago, NuBrit said:

The possibility of China imploding isn't new. Anyone remember the video Hugh Hendry made back in 2009 - that is an awful long time ago now.

Hendry was right though.

A few things in my mind. 

1) Massively ageing society with one child now the default, despite changes to the original one child policy.

2) Hugely overstated GDP and economic data fiddled at all levels and rounded up each time.

3) Huge pollution and consequential illnesses and costs.

4) Poor environmental standards, will limit future markets as global legislation tightens.

4) Over reliance on cheap manufacturing as the west loses interest in cheap, low quality goods they don’t need. 

5) wage inflation in the big cities will limit business growth.

Basically China is stuffed.

 

 

 

Edited by Mikhail Liebenstein

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Debt is a killer unless have got the security of a bailout.....too big to fail or too big for something bigger to stop a failure?;)

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  • 312 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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