China’s State-Driven Growth Model Is Running Out of Gas
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Re: China’s State-Driven Growth Model Is Running Out of Gas
#2This video from last year was pretty eye opening to me. Shows uninhabited "new" ghost cities completely crumbling. There's no underlying value to the property bubble going on over there and the scale seems mind blowing.
Re: China’s State-Driven Growth Model Is Running Out of Gas
#3China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
Re: China’s State-Driven Growth Model Is Running Out of Gas
#4China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
Do you trust the statistics coming out of the Chinese Communist Party?
Re: China’s State-Driven Growth Model Is Running Out of Gas
#5China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
> China's GDP is growing at 6.3%.
It's not clear to me the extent one can trust the official numbers from China.
Re: China’s State-Driven Growth Model Is Running Out of Gas
#6China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
1984, 7.23% :)
Plus, you really trust the number which come from CCP?
Re: China’s State-Driven Growth Model Is Running Out of Gas
#7China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
1984, 7.23% :) Plus, you really trust the number which come from CCP?
So nearly 40 years ago, many here weren't even born.
Do you trust Bloomberg? https://www.bloomberg.com/news/articles/2019-01-25/china-s-l...
Re: China’s State-Driven Growth Model Is Running Out of Gas
#8China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
> China's GDP is growing at 6.3%. It's not clear to me the extent one can trust the official numbers from China.
Would you like to provide some evidence to the contrary for that or just a general "It's probably not true"?
You could say the same about Western government debt that's creatively accounted, unemployment rates which avoid underemployment/participation and inflation which desperately needs to remain low to keep bond rates from bankrupting public balance sheets.
Re: China’s State-Driven Growth Model Is Running Out of Gas
#9This video from last year was pretty eye opening to me. Shows uninhabited "new" ghost cities completely crumbling. There's no underlying value to the property bubble going on over there and the scale seems mind blowing. https://youtu.be/XopSDJq6w8E
wow! Quality has a lot to do but also a house no one lives in has a tendency to be run down. A small thing that can be noticed on day one will ruin everything after 3 years of rain, wind, snow etc.
Now their GDP will increase again, if they start repairing the ghost houses ;)
Re: China’s State-Driven Growth Model Is Running Out of Gas
#10China's GDP is growing at 6.3%. What was the last time the US grew at even close to that rate?
I think given China’s population growth, if the GDP doesn’t grow 6%, its considered a recession for them.