and you where saying i was coping.
property became a replacement for the stock-marked because the Chinese stock market is very volatile and the property market was only going up that’s why some people had like 3 apartments because they could sell it again at a better price. property became a short term investment and was used like stocks that could never go down.
okay dude if you think dictatorships are better at transparency that’s not my problem.
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they use the Chinese numbers in official declarations because you know its official.
they made it attractive because they needed something too keep saying that the economy was following the Chinese communist party GDP growth goals you seem to forget that everyday people used property as investment and now there investment is worthless. but hey maybe you just want to wave this away under its just there greedy capitalists.
its a dictatorship thing. making your economy look better then what it actually is.
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where do you think these economists get there numbers?. its almost like they get them from the Chinese government. its like giving yourself good grades. that’s why there are these round about ways to try and find out what the real numbers are because you know dictatorships are not that transparent about how they get there numbers. they overbuild all infrastructure not just property that’s just one big example these firms could only do this because the Chinese government incentivized it with cheap loans that’s why these firms could even get these big debs in the first place. the bubble only burst once they put in rules to stop them from creating so much debt. the property marked became the stock market because the Chinese stock marked was so volatile that was the incentive to speculate for normal people.
Russia.
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hey now its almost like dictatorships can manipulate there economy’s in ways democracy’s cant. like jacking up your GDP numbers by building a whole lot of unnecessary shit and then crashing your property market because that’s obviously unsustainable . like temperately making your war economy look good by building a lot of shit that blows up. and this is only temperately because its shit that blows up.
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oh you can remember something. but as i told you before you only seem to remember what benefits you. i told you that if nobody has cold you names on the internet you are using it wrong just look at the comment you are replying too. you also seem to miss that this implies that you mostly seem to talk to people who already agree with you with your long history on the internet. that was a very funny reply. as if calling someone asshole on the internet is somehow argument.
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.lgbtqnation just the best news site nobody could ever think they could be biased in any way.
that is part of using the internet. you see it less because less people use it. reddit has become a circle jerk just never become a community or group of people that likes to sniff there own farts. and this problem will solve itself.
the Chinese economy is as fake as any economy can get and non of there numbers are actually public like you would have in a democracy there a dictatorship that can make up any numbers they want.
they first incentivized the bubble with cheap Loans so that they could jack up there GDP numbers. then when people started too use property as a investment tool like stocks because now you could not loose but was creating a lot of debt. so much that even the ccp could not let the debt grow because remember this was still helping there GDP numbers. then they introduced the “three red lines” because even for them it was creating too much debt. but of course only after a whole lot of people invested and counted on it never going down and over payed on these shitty apartments that where now a stand in for stocks. its not about property prices being affordable its about that people used property as investment and put a lot of there savings in overpriced apartments that are now worthless. and as a side effect nobody trusts the property marked anymore just like how they don’t trust the stock marked anymore.
no implying that we have different understandings about how important transparency is. there is non in dictatorships. but hey if that’s your thing that’s your thing but if that shit blows up in your face you have only yourself too blame.