Chinese economy collapsing under Biden

[John Edgar Slow Horses]

BDS

 

[lennypartiv]

---China's economy is flailing. Here's how its problems could spill into global markets---

China's economy is flailing. Here's how its problems could spill into global markets.

China has long had an outsized impact on global growth - but with its economy sputtering, its problems could become everyone else's problems.

www.businessinsider.com

 

[2aguy]

---China's economy is flailing. Here's how its problems could spill into global markets---

China's economy is flailing. Here's how its problems could spill into global markets.

China has long had an outsized impact on global growth - but with its economy sputtering, its problems could become everyone else's problems.

www.businessinsider.com

Does that article mention starting wars? That is a favorite of socialists when they completely screw up the countries they control.

 

[Winston]

The Chines economy is in the toilet because they are communists and destroying wealth is hat they do either intentionally or through the incompetence of socialism……they are in a massive population decline because of their stupid reliance on socialism…..and the only thing that is important is how much violence they unleash before they are done….

With the democrats in charge of our country, the destruction around the world is going to be massive.

You know, I often think of the old adage, "Better to be thought stupid than open your mouth and remove all doubt", while posting here.

First, China is not communist. They are a socialist dictatorship, kind of sort of. If China were communist they would have a demand economy, one in which the government dictates production of everything from housing to computer chips. If they were a socialist country, the then state would own the means of production, and in many areas that is true. But there are over 30 million private businesses in China that account for 60% of GDP.

China's problem is a basic failing of capitalism, not socialism or communism. It is the old tulip bubble that rolls around amazingly often in everything from crypto to real estate.

Inside The Ghost Cities Of China That Feel Like An Eerie, Futuristic Dystopia

China's rapid urbanization has backfired, leaving behind enormous — and uninhabited — cities.

allthatsinteresting.com

I mean entire cities with new skyscraper apartments, completely empty, or less than a ten percent occupancy rate. We could ship every homeless person in America to China and they still would have empty cities. And honestly, they would probably be happy to take them.

How did this happen? It was not the government. It was a growing middle class in which developers tapped to fund their massive building projects. It was an "investment", and it became a bubble that was destined to bust.

 

[John Edgar Slow Horses]

Does that article mention starting wars? That is a favorite of socialists when they completely screw up the countries they control.

It is has been a favorite of capitalist governments. Governments do what governments do.

 

[Tom Paine 1949]

You know, I often think of the old adage, "Better to be thought stupid than open your mouth and remove all doubt", while posting here.

First, China is not communist. They are a socialist dictatorship, kind of sort of. If China were communist they would have a demand economy, one in which the government dictates production of everything from housing to computer chips. If they were a socialist country, the then state would own the means of production, and in many areas that is true. But there are over 30 million private businesses in China that account for 60% of GDP.

China's problem is a basic failing of capitalism, not socialism or communism. It is the old tulip bubble that rolls around amazingly often in everything from crypto to real estate.

Inside The Ghost Cities Of China That Feel Like An Eerie, Futuristic Dystopia

China's rapid urbanization has backfired, leaving behind enormous — and uninhabited — cities.

allthatsinteresting.com

I mean entire cities with new skyscraper apartments, completely empty, or less than a ten percent occupancy rate. We could ship every homeless person in America to China and they still would have empty cities. And honestly, they would probably be happy to take them.

How did this happen? It was not the government. It was a growing middle class in which developers tapped to fund their massive building projects. It was an "investment", and it became a bubble that was destined to bust.

Not bad. A fairly observant take on the reality of “Socialism with Chinese Characteristics,” perhaps better described as a “one party dictatorship of bureaucratic capitalism.” China has changed in many ways since the Red Army conquered power, and it is now unfortunately retrenching into a less “free” society under XiJinping’s one-man dictatorship. “XiJinping Thought” has even been placed into the Chinese Constitution as a fundamental principle.

The amazing dynamism of past CCP-encouraged capitalist expansion under DengXiaoping and following CCP leaders is much diminished now as Xi has returned to concentrating all power in his hands and in the central CCP organs which he personally controls.

The economic fallout from past rapid capitalist expansion is linked to widespread provincial state and CCP corruption and has led to huge economic and hard-to-measure social disillusionment. Xi’s faction, despite its imposed “cult of personality,” is running into objective problems.

Those “empty cities” and skyscrapers will probably all be filled with people eventually, even if the real estate crisis gets worse. But for now as local developers and banks and even local governments go bankrupt, China may suffer asset deflation, more youth unemployment and social decay. The population will decline (despite the CCP now encouraging marriage & having children) — a good thing actually.

A big unknown is whether the Xi party leadership faction will remain in control (my guess is yes) and whether it can still evolve, or at least tone down its present hardline policies at home and in foreign policy.

China’s rise has for decades helped Western corporation profits and kept many commodity prices low in the West. The “de-risking” or even “de-coupling” of China’s (and Russia’s) economies from the West will lead inevitably to more inflationary pressure in the U.S., but it is hard to estimate how severe that will be over time.

 

[Hutch Starskey]

Well, well, well, another black mark against Biden. Seems to be a real estate issue which is about to take China's economy way down. This could be real bad news.

---Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.---

---A string of defaults in the shadow banking sector could have a wide ranging chilling effect as many individual investors are exposed to the high-yielding trust products.---

China's economic woes mount as trust firm misses payments, home prices fall

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.

www.reuters.com

Tell us some more about war with China, dupe.

 

[Godboy]

Well, well, well, another black mark against Biden. Seems to be a real estate issue which is about to take China's economy way down. This could be real bad news.

---Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.---

---A string of defaults in the shadow banking sector could have a wide ranging chilling effect as many individual investors are exposed to the high-yielding trust products.---

China's economic woes mount as trust firm misses payments, home prices fall

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.

www.reuters.com

How are you linking Biden to China's economy? I dont see the connection at all. What exactly are you talking about?

 

[Hutch Starskey]

Does that article mention starting wars? That is a favorite of socialists when they completely screw up the countries they control.

Umm… Can they afford a war given this news?

 

[Hutch Starskey]

You know, I often think of the old adage, "Better to be thought stupid than open your mouth and remove all doubt", while posting here.

First, China is not communist. They are a socialist dictatorship, kind of sort of. If China were communist they would have a demand economy, one in which the government dictates production of everything from housing to computer chips. If they were a socialist country, the then state would own the means of production, and in many areas that is true. But there are over 30 million private businesses in China that account for 60% of GDP.

China's problem is a basic failing of capitalism, not socialism or communism. It is the old tulip bubble that rolls around amazingly often in everything from crypto to real estate.

Inside The Ghost Cities Of China That Feel Like An Eerie, Futuristic Dystopia

China's rapid urbanization has backfired, leaving behind enormous — and uninhabited — cities.

allthatsinteresting.com

I mean entire cities with new skyscraper apartments, completely empty, or less than a ten percent occupancy rate. We could ship every homeless person in America to China and they still would have empty cities. And honestly, they would probably be happy to take them.

How did this happen? It was not the government. It was a growing middle class in which developers tapped to fund their massive building projects. It was an "investment", and it became a bubble that was destined to bust.

China is in demographic decline. They no longer have enough new young people to fill the labor needs. Their economy is going to contract severely if not collapse entirely.

 

[2aguy]

Umm… Can they afford a war given this news?

Socialists can always afford war....they simply starve their own people to pay for it.

 

[Hutch Starskey]

Socialists can always afford war....they simply starve their own people to pay for it.

Really?
Something like 70% of China’s energy needs come from imports.

 

[struth]

Well, well, well, another black mark against Biden. Seems to be a real estate issue which is about to take China's economy way down. This could be real bad news.

---Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.---

---A string of defaults in the shadow banking sector could have a wide ranging chilling effect as many individual investors are exposed to the high-yielding trust products.---

China's economic woes mount as trust firm misses payments, home prices fall

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.

www.reuters.com

How did xiden get a Chinese firm to miss payments?

 

[struth]

Really?
Something like 70% of China’s energy needs come from imports.

No worries they got Russia, Iran, and Syria to feed their needs.

 

[Hutch Starskey]

No worries they got Russia, Iran, and Syria to feed their needs.

But no way to pay them.

 

[2aguy]

Really?
Something like 70% of China’s energy needs come from imports.

They inly need enough for the leadership and the military....

 

[Hutch Starskey]

They inly need enough for the leadership and the military....

Uh huh.
Where are they fighting this war?

 

[struth]

But no way to pay them.

Nah they got a massive economy…they got money.

Heck their debt is half of ours..and they got a far larger population

 

[2aguy]

Uh huh.
Where are they fighting this war?

Taiwan to start. Likely to start around the time the election gets closer to help biden stay in office since Americans dont like to vote out a President during a hot war.

 

[Hutch Starskey]

Nah they got a massive economy…they got money.

Heck their debt is half of ours..and they got a far larger population

They wouldn’t be sanctioned heavily by the rest of the world?