Chinese Economics Thread

[KYli]

Absolute yes, the bubble has burst already. These stupid policies have been dragging down normal property transactions, thereby affecting the economy and people's livelihood. Just like zero-covid policies, the policies are outdated and are now hurting the people they wanted to help. All these stimulus are needless at this time, when the most effective remedy is to relax these useless restrictive policies.

You are just another MSM believer and China hater. Don't pretend you care about China or what you said make any sense.

Firstly, if you ended the restrictions now, then China could have another property super cycle just like 2016. That means the prices of housing would go to the roof. Been there and done that. China shouldn't make a mistake twice.

Secondly, over reliance on land sales has been a problem for China for so many years. This is an opportunity to end that reliance and get things back to normal. Housing is for living and not for investing or speculating.

Lastly, a few property developers need to file bankruptcy. These companies have been siphoning Chinese money out of China through abnormal high interest rate bond sales and dividends. They shouldn't be allowed to continue using easy money from banks and buyers for their own gains and jack up the home prices and get away with it.

In the end of the day, China should do enough to prevent a free fall of home prices and transactions. Many used home prices have dropped back to 2018 in many cities and some buyers have already gotten back in the market. Some new homes that priced 30% lower were bought in a few days. That means demands are there but people just wait for the right moment and opportunity to buy a home.

And I am absolutely against further allowing these property developers and speculators to again jack up home prices. Many of these speculators have a few, a few dozens, or even a few hundreds apartments that sitting empty and waiting for the price to go up. These speculators need to be dealt with and understood that the good old days of jacking up home prices have ended.

 

[antiterror13]

I struggle to find other sources supporting the assertion that Americans are more satisfied:

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Interestingly enough, it seems US is behind Russia and China in the International Olympiad in Informatics, as well as the International Collegiate Programming Contest in the last 20 years:

International Olympiad in Informatics:
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International Collegiate Programming Contest winners:
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but but but ... the US had more in Bronze than China and Russia ... thats what it matters according to some medias or reporters

 

[Jiang ZeminFanboy]

Two consecutive quarters of negative growth is considered a recession. I mean that is what Econ 101 taught us. MSM and you can change the term and definition of recession as much as you like. But the fact is US has two consecutive of negative growth already. No amount of whitewashing can change that.

That's cope. No one counts like the US does, everyone just use yoy growth instead of quarters to quarters or annualised. Neither does China nor USA had recession in 1h 2022.

 

[KYli]

That's cope. No one counts like the US does, everyone just use yoy growth instead of quarters to quarters or annualised. Neither does China nor USA had recession in 1h 2022.

Does it matter? US does seasonal adjustment for quarterly GDP to better reflect the true states of economic activity. And two consecutive of negative growth is considered recession in US for decades.

Of course, you can change the definition of recession in the US as much as you like. I don't care. It just shows me that you guys don't care much about truth and would bend the rules to support your argument just like MSM.

 

[56860]

That's cope. No one counts like the US does, everyone just use yoy growth instead of quarters to quarters or annualised. Neither does China nor USA had recession in 1h 2022.

Coping is changing the definition of a word because reality doesn't conform to your wishes. You're the only one coping here.

 

[SanWenYu]

It's liquid enough for most folks. No need to get technical.

Liquid enough only for individual stock holders. But we are talking about macro economies here. Try to sell all the $1 trillion AMZN stock all at once and see how much you can get in return. Heck, do not even need to sell all the 100%. If Bezos is to sell his holdings to cash out tomorrow, the other share holders will be screwed.

 

[Petrolicious88]

Liquid enough only for individual stock holders. But we are talking about macro economies here. Try to sell all the $1 trillion AMZN stock all at once and see how much you can get in return. Heck, do not even need to sell all the 100%. If Bezos is to sell his holdings to cash out tomorrow, the other share holders will be screwed.

You wouldn’t sell all $1 trillion of AMZN stocks all at once no more than you would try to spend $1 trillion cash all in one go.

For millions of people that have bought and sold AMZN stocks, it is as good as cash. If you invested just $500 bucks during its IPO, you prob have half a mil by now. It’s real money in your bank.

 

[SanWenYu]

You wouldn’t sell all $1 trillion of AMZN stocks all at once no more than you would try to spend $1 trillion cash all in one go.

For millions of people that have bought and sold AMZN stocks, it is as good as cash. If you invested just $500 bucks during its IPO, you prob have half a mil by now. It’s real money in your bank.

We are talking about the market value of AMZN not profit of those who have cashed out. I see why you mistake stock value for wealth.

 

[Petrolicious88]

We are talking about the market value of AMZN not profit of those who have cashed out. I see why you mistake stock value for wealth.

Is 401K that you never sold since that first job not part of your wealth? That's why they call it a part of your wealth building strategy along with real estate, index funds, etc..

 

[KYli]

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