You can "buy" property in China and it will be yours for 70 years, after that you have to return it to the goverment, thats why they all come buy in the western countries, they buy up blocks of appartments here and rent it out... there are even policies in my country now saying you have to live at the adress you bought for at least 5 years before renting it out to others, that crazy it has become..

I believe the general population does not have the option to buy stock investments. so, the only investment they can do is buying houses. The gov't and the builders got the people in their hands as disposables.

@Kenny wu That "70-year property rights" is just a misconception, it is just a matter of renewing the "rights" after 70 years; Chinese people buying bricks overseas because it make them feel stable and fulfilled, or it is just diversified investment choice.

@Jay Altes At one stage they were talking about a fee of up to 1/3 of the property value to renew the lease though.

​@The Imperfect Perfectionista It's not that nobody talks about them, it's just that nobody listens

@David Carlsson yeah because this is all "communism's" fault. Anymore brilliant takes?

@The Imperfect Perfectionista Greed plays a factor too, that credit was taken out to amass fortunes into the future.

It’s quite simple: they don’t think long-term. If you can secure 5-10% growth during a two-year tenure and then get promoted, who cares what happens in 5 years?

umm. have you noticed that there are companies that have lasted from around and many times even before WWII? some people do actually learn. however, 50% of the population has an IQ less than 100. take that as you will.

Well so as US stock market, which is now collapsing.

@Andreas Källström Yeah the mindset to make quick money. Prevalent in China.

@Jonathan Odude , and they are mostly senior managers and above!

loans and debt are based on buyer but also in many cases require another family in case you can't pay your debt. they then go after whomever they can find associated with you.in the last resort.! they post your ID /Photo/real world contact and ID on big posters usually at bus stops .

Supply chain. The apartment buyers also work in this supply chain. They lose their jobs -> don’t pay the mortgage -> no money in the financial system to borrow/invest and this vice circle feeds over and over. The 1st phase is taking place now. There is no more money for the real estate developers to continue the Ponzi scheme. All construction being on hold.

Agree.

Totally!

Was it you?

It’s not hard? Once you know, you know.

@Mark Grech no it was not

It was terrible, especially the editing. I stopped watching because this is just 20 min of cuts between stylized buildings and some randoms saying the dumbest cone liners before cutting to more useless buildings looking pretty.

royalty tax is 100% liquor/tobacco is roughly 70% when you pay for products. the tax is already with in the price of said product even a pack of "Huangshan" cigarettes which is common among peasants/low labor workers are now upto 8/9 rmb a pack! where the true value is/should be 4-5 rmb .. this is a 2nd Tier city ,capital of Anhui,Province 1 bottle of maotai costs 5,000 Rmb.

also, land lease is 70 years not 99 years. however, parents can opt on 'reselling' to their kids 'on paper' of course. then they take it for another 70 years. unless the government has plans on deconstruction which was too common in 2010

Less than you might think - China will not permit Chinese currency be exported. Chinese companies cannot pay interest to offshore holders of debt or equity. Tesla for example, can only export profits in the form of vehicles. Building companies can’t export anything to pay offshore debt (which was was why Evergrand was looking at car manufacturing). Evergrand was also using its developments in Hong Kong (whose currency is convertible) to pay its overseas debt.

Such a great statement! I like when finance and reality go hand and hand.

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Obviously trading in the financial market is very volatile and risky to trade that's the reason most investors trade with a professionals

venturing into the Bitcoin without an adequate orientation with a professional broker for accurate signals. you might lose all your hard-earned money

@Ackerman Philipp Mrs Stacy Griffin

Greed trumps integrity. People will just do anything for some profits. I don't invest with countries who are on the bad side of the human right scale.

Zack Smith ...it is not funny to see people suffer under dictatorship or communist controls. But no one is stopping you from investing with them. Good luck to you.

Zack Smith .I have lived in a communist ruled country and are currently living in the USA. I can promise you that the poor in a communist (including China) country cannot be compared to the poor in the US. The standard for comparison is different. The US has way higher standards, 15 times better vs China. Folks in the US get rental assistant, food assistant, free healthcare, free education. But why didn't all of them get out of poverty? that is another discussion in itself. The opportunity is there, they just need to take the initiative (not counting mentally ill/drug users). Under communist, the poor is shoved out of the way so the land can be developed, and the people don't have much voice on it. As for the total welfare equality, lets take China as example, because they arguably has the best among the communist countries. The poor doesn't get the same treatment as everyone else. Job placement, healthcare, and other benefits are heavily corrupted. You have to bribe your way to get good service. In the US, you get safe (not cutting corners) services the same way, for everyone. Of course, the rich can go one step up, by having their own private doctor. That doesn't count. As for privacy, there is none in China. Freedom of speech, none in China. Everyone is constantly watch and cannot say anything political, especially against the current party ruler.

Tell me. Is it coming again?

@Steve Estebon Do you read any newspapers that describe banks or other similar financial institutions that are in trouble today? How safe are you and your pension...

@Bill Johansson yes

Not nearly a tenth of what the Fed has printed over last year.

Adv China has a great few videos on the lack of any enforced Chinese building codes...if China has any building codes...

Tofu Dreg buildings

Paper Buildings, no wonder China is called a Paper Tiger, lol

That’s,, “made in China” for you!

They have all kinds of industrial accident's too from poor regulation

The market is a zero-sum game, there are good days, and there are bad days. However, always follow these tips: Study the charts thoroughly; Make sure to diverse your portfolἰo so when another is down, the other will be up. You can do so by getting an experἰenced specἰalἰst whose platform has dἰverse investment choἰces to choose from. Lastly don't put what you can't lose. By doing this, you gἰve lἰttle room for regrets and perhaps gain more.

@Buryatia Ducky Great tips. Generally, diversification is a key factor. Pragmatic... I have been into all of these for some time and though I won't say I have lost a fortune, I have squandered quite a lot... Do you mind recommending a specialist whose platform has diverse investing choices? I anticipate your response.

@Buryatia Ducky Exactly! This whole thing is a zero-sum game.

@Buryatia Ducky This is the second time I am coming across that name Sandra Yvonne Webster last Tuesday, I saw a telecast on the economic bubble there were lots of testimonies from her clientele on how her strategies turned them into miIlionaires overnight. The testimonies were so impressive and sounded too good to be true. I am a bit skeptical, though she's one of the oldest around. Do you work with her? Thanks if you reply.

@Buryatia Ducky Nice one. I study the charts thoroughly. 2 -3 months back.

Neil Rusling you would think it would be cheap but even in the most affordable suburbs now it's overpriced (I'm sure that's everywhere at the moment) And yes you're right, unfortunately Australia's building standards are horrible. Poorly insulated and built, I guess it's a cultural thing too, people here are careless 😂

I sum it up as we ignore winter. It's just kind of a thing we pretend doesn't happen. That's in Brisbane, anyway. Sydney is looking a bit different

@Bob Yes! My shoddily built 9-year old apartment has needed extensive repairs (poor electric, plumbing, cracks, leaks from floods) and has 2 ridiculous glass doors facing east. So I'm blasted in summer and freezing in winter. 5c minimum this week what on earth.

It's the same here in canada. in the biggest city toronto and the gta area, condos are cheaply built. My brand new unit I'm renting always have elevator problems, leaking water in the garage, just the over all poorly bulit but buyers are paying over 600 k for 2 bedroom unit . Even in downtown toronto where 2 bedroom units go for over 800 k, people will tell me each condo getting built now a days it's getting worse and worse. Not sure the logistic of building a condo but I'm sire they have a time frame they have to be finish by and any day later, they probbaly get penalized which is causing them to rush everything. Also these companies cutting corners by using cheapest raw materials they can buy or get away.

The Chinese government discourages stocks as an alternative investment strategy with its heavy limits on available shares and projects that traded companies are allowed to undertake.

Another important factor us that the quality of the building is garage, even they call the tofu buildings, they start to fall apart after 5 years, sometimes less, and there is maintenance whatsoever because they thought they just could buy a newer one... so yeah, not only there is a lot of real estate vacant, in the middle of nowhere, but also completely dilapidated to the point it can't be used

@Dongxu Zhou You need to look at economics and finance. Lehman Bros. in the US actually had twice the debt, but in a larger economy. That crisis spread worldwide very quickly. It was also about property values and leverage.

They probably also wanted to encourage Chinese investors to buy real estate in China rather than buy in the US or other countries. I knew one Chinese community college student who owned several properties that he bought cash with his father’s money. The government would prefer that money stay in China but that currently doesn’t seem like a good idea, to say the least.

Once they figure that out then they have to tell the rest of the world how to do it.

They have been rather successfully with the rural country side,including massive transportation schemes, cadres to deal with poverty and their belt and road initiatives. I think they have it pretty well figured out tbh.

@Nigel Cheriyan🤏😢😥😰😭🥵

Right on! You had the exact same thought as the Chinese gov. They call this program “Rural Revitalization”, which is part of their strategy to deal with overproduction and global economic downturn, in addition to the Belt and Road.

But those high speed railways really boost Chinese economy without doubt.

Tiny compared to Evergrande alone, but dwarfed by the entire real estate market which is almost entirely in trouble

@D SEVEN exactly Railways underused are still used But empty flats are total liabilities.

@D SEVEN yeah definitely. Enough to get close of offsetting losses? I don’t think so.

Makes sense, housing bubble happens for decades, some people forget about these.

Shopping malls without shoppers. Cities without citizens.LOL!

What I don't get is why apartments cost so much when there's 90 million apartments unused?! The system has failed hard...

@Jake H That's a crucial part the did not mention in the video. Real estate has been one of the only market where normal Chinese people could invest in. So it's not only those property developers taking out huge loans but also a massive amount of average people who would also ask family members or friends to leand them money. They were banking on flipping the apartments for a good profit and it worked for quite some years This was a major part of overheating the market, and the demand of migrant workers was only the kindle for it.

Same here in major cities of India. It almost takes all of your life savings. I am in 30s and actually have got an apartment from my company. But the day I will retire I know I cannot afford to buy the same house in my city. It can be possible only if I keep working till my 60 and invest my money in focused way to achieve this goal. It sometimes pains me to see so many people working so hard all of their life just to get a roof over their head in the end. However it is also true that may be this dream has a great meaning and value which keeps people awake and get going inspite of every kind of challenges around them.

Wait, what are your thoughts on the emerging crisis in China (mortgage payment strikes and systemic risk from fractional-reserve banking) and it's likely impact on emerging markets?

@Sven Grot Great question, I think it's a really interesting area and so many factors in play right now. I wouldn't let any macro news affect the way I invest at all, otherwise you'd probably never invest a single penny - but that being said, it's a reminder to be well diversified!

@Elizabeth York Emotion is the biggest enemy of investors. It’s one of the toughest things to control. I’ve paid the price also plenty of times and However, overall invstment ought to significantly improve your net worth so I had to work with "Katherine Duffy Burke ," whom is a fiduciary. She clarified my mistakes and enabled me to make clear progress.

@Jan Bechler There is only bad news out there but yet stock prices are up which shows that even though the market is meant to be forward looking it is clear the string results are the only things they are interested . Also, i searchon Katherine using her full name and found her official-onlinepage, read through her resume and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

The world isnt decoupling from china, the world just CANT, just like europe just CANT break away from the Russian gas and energy supplies. If u cant see that then u shouldnt comment on this topic.

"AMERICA HAVE NO IDEA WHAT'S COMING.." (2022)

Does it?

Thats been going on for years (bad materials)

Access to good information is what we investors need to progress financially and generally in life, this is a good one and I appreciate...

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Toby 🤔

They did mention it at Starting @02:06 , but also said that that urbanization was slowing down as so many people now live in the cites.

@Jib Cot according to the Chinese official data there are still more than 10 million people become citizens from famers, plus millions unregistered population urbanization due to the Chinese hukou registration system. for example, in the southern city of Shenzhen, the official population size is 12 million, but there are actually more than 20 million people living in the city. urbanization in China slows down just very tiny fraction but didn't change the whole picture.

But people from rural areas can’t afford to buy these properties.

I’m assuming you mean livable housing. Too many of these properties are tofu dregs.

Every builder through the 🌎 does that. They will launch 1 project and collect around 30% ,then use part of it to launch another project...and it's vicious circle . People are stupid and builders not to blamed. Buyers should do due dalliance before putting their hard earned money. I invested in 2 apartments in India. I made sure it was ready to occupy. Once that was ensures I made payments and moved within 3 months as Interior took that long to complete. Now the property value has shrunk by 40% due to wrong investments by buyers and doing distress sales. For me no issue as I have to breath my last here.I will be happy to sell it at lower price as I have no children.

Using earnings to secure loans to keep selling your core product is a problem?

Only if I had more time to play around in the market, retirement is around the corner and my primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, I'm having serious anxiety.

@clara Clouse I agree with clara, I have been pretty much on the sideline observing for awhile, figuring out the best strategy to get in, until I came by a coach, commended by a pundit on Reddit, reluctant at first but I went ahead and reached the coach, long story short, it's over 3years and counting and I've made over 1.5million simply following the guidance of my coach.

@Bobby mainz my 401k lost everything it’s gained since early 2019. wouldn’t mind looking into the advisor that guides you, I believe the best way to beat this recession and inflation is to earn more.

@joesph cu The coach that guides me is Eileen Ruth Sparks, it shouldn't be a hassle finding her, she's quite known among her peers, so just search her name.

@Bobby mainz Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so I booked a call to discuss with her.

hognoxious You miss the part where the people are usually compensated.

You can renew the 70 year lease for a registration fee ranging from 1% to 20% depending on local policy

hognoxious There is no private land ownership in China. There's no way to own it. You can only extend the lease.

it's literally manifestation of a bubble in physical form, buildings will start to crumble on their own.

@pinzazzzz LOL! Pennies on the dollar!

Chinese influence, or just pure capitalism? Capitalising on cheap loans to create a booming real estate sector. The US also fell into the trap back in 2008.

where do you think the world's strongest economy is? Healthiest?

@Titus P If you’re just looking at GDP you’d have to go with the USA. China has a strong economy but I don’t think they’re telling us everything.

Likely? Guaranteed.

@xia en Gao when you are so very abosolute ... you are LIKELY to be wrong

@Titus P When you're a fake account like you, you're nothing.

Greed. Always Takes over the normalised thought pattern ..

economic growth in china .rely on other sectors, exports, tech etc mr genious

​@Andi A The real-estate sector accounts for one-fifth of the total Chinese GDP. Therefore, the looming property sector overwhelmingly affects Chinese economic growth, adversely affecting other industries like the technology sector.

@Ryan The very interesting thing will be when the prices collapse. 70% of Chinese savings are in real estate. This is their pension and lifetime savings. Just imagine the prices come to a level orientating on the average income of Chinese people.😨😨 That’s a big 💥 then ….

@johan hirte I believe CCP won’t let the property price collapse, because that would undermine the social stability. But CCP may not bail out property developers, particular private real estate developers, so the whole sector would gradually go down over years.

Especially given drastic population decline real estate is doomed

I wouldn't mind if the government here in the US did something about our obnoxious billionaires

hognoxious lol

Yeah but then here comes the conundrum: When is it exactly good to throw a certain billionaire under the bus?

@lyq 232 You have a point, not all billionaires are bad or should be villianised as there are good ones too. But, I would say when their interests out weigh the interests of the majority of the countries citizens.

Billionaire without blood ties to the CCP, that is.

Auditors can *sometimes* detect *obvious* fraud and *obvious* regulatory non-compliance. I find it absolutely laugable that people think that a business is sound just because it passed an audit. The clever people at the centre of complex transactions can be very confidently incorrect, and there's simply no way that a small team of auditors will be able to find that error.

They hire people unable to grasp the complexities of such subterfuge and send them out to audit businesses.

They're pretty good at detecting minor problems, it's only the big things they tend to miss. Also, it's not their job to predict market bubbles--if they could do that kind of magic they'd be in a more lucrative business.

Weird how they are only able to retroactively detect malfeasance in their audits, and that they're not able to predict unprecedented future events!!

Chi Na people are so funny

You always need a enemy on TV

It will come back to hurt us. Evergrande started to come back into the news and it isn't looking pretty.

Most countries are addicted to debt because it allows more spending. It work's till velocity of money can no loger keep up now they can't convince the banks to keep lending because the growth has ended. Greed is what keep's people borrowing till it's too late.

@French onion I hear most countries are pursuing expansionary policies nowaday.The US and EU are champions, but many other places are doing it. I wonder, though, how much of that money in chinese real estate comes from the US.

Thanks man

PolyMatter really is just repeating nonsense. For complicated financial issues it’s still best to listen to economists. They don’t guess right often but still closer than people that don’t get it and just repeating nonsense