blackstone, not blackrock.
blackrock is known for their iShares low cost index funds.
blackstone is known for their private reit funds that buy up lots of multi-families residentials along the sunbelt region.
Chinese Economics Thread
- Thread starter Norfolk
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blackrock is known for their iShares low cost index funds.
blackstone is known for their private reit funds that buy up lots of multi-families residentials along the sunbelt region.
Can someone cut through the propaganda and give CliffsNotes explanation?
China is tackling the bubble that comes from the wealthy investing in empty homes that not only created only debt issues with companies like Evergrande but also a serious social problem of young people unable to afford homes to live in and raise families.
The Chinese government is building affordable homes that can't "flipped" easily. This will dominate China's housing development in the coming years.
People who were complaining about domestic consumption being low should not be complaining about state intervention in real estate, yet we see the same folks talking about it.
When people stop engaging in RE speculation, they will spend that income consuming, or investing in healthier areas - both of which would boost the economy.
When people stop engaging in RE speculation, they will spend that income consuming, or investing in healthier areas - both of which would boost the economy.
Two be fair, both of them have large investments in real estate. Their main objective are investments after all.
Point is neither of them are on your side. Especially when bother are listed and have to answer to shareholders.
The "low domestic consumption" meme has about as much validity as the "overcapacity" lie.
You are talking about an economy that buys twice as many cars as the US, twice as many refridgerators, smart TVs and pretty much every other major consumer good.
There is "no domestic consumption" when China generates and uses more than twice as much electricity as the US.
And on top of this is China is a developing economy with a lot of growth left.
I am currently in Bogota Colombia and I was in various food court and a lot of dishes is at 8 USD or more in the two shopping malls I went.
I look up the GDP and GDP per capita in Colombia. And the PPP factor is almost 3.
The PPP factor is only 2 in china. How on earth the PPP factor is calculated when pretty much all manufactured goods are made in China (which results in lower price and also low service cost in china) only result a smaller PPP factor in china than Colombia
I look up the GDP and GDP per capita in Colombia. And the PPP factor is almost 3.
The PPP factor is only 2 in china. How on earth the PPP factor is calculated when pretty much all manufactured goods are made in China (which results in lower price and also low service cost in china) only result a smaller PPP factor in china than Colombia
