Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
Why is China failing in property Development ? Especially one in Malaysia forest city also known as ghost town. Many china property companies are failing in HK n mainland in US n Australia Canada Middle east Thailand etc
Lol, those dirty savages built ghost cities all over China and now they tried to do the same with this building in LA.... All the real estate they own should be confiscated and sold off. It's all purchased with stolen funds by corrupt CCP officials anyways. Now they are using real estate in America to hide their money...
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
You forget DDI (Domestic Direct Investment). The almost fell to zero. It means the investment confidence of local companies was even lower than FDI.
They bought a land for hotel here. Also need to sale it.
Since when is graffiti an art? Why do these people think it's okay to spray paint buildings that don't belong to them?🤨
It's not a painting or a mural. It's graffiti, a part of urban blight
thank you for the news, CIA
Homeless people can live there
Why is China failing in property Development ? Especially one in Malaysia forest city also known as ghost town. Many china property companies are failing in HK n mainland in US n Australia Canada Middle east Thailand etc
Probably because their accounting methods are suspect.
@@Brian-qg8dg what is it got to do with accounting definitely you are guessing n obviously wrong
Never, never, never trust Chinese!!!
Exporting their real estate crisis? 😂
Yep, it looks like building ghost cities all over China wasn't enough for them...
@@ToiChutGongWu Must be tough on your memory keeping track on similar happenings 16 years ago. So what else happened in 2008?
@@ToiChutGongWu Was just only wondering what other events during 2008? 😁
What an eye soar, who cares about deep pockets, city officials? Luckily we have all the writers who made it perty.
Can individuals purchase separate units and fix them themselves?
No we’re not China😂 but that would be cool, it’s more than china does with their developments, half of them get sold but stay empty
GOOD
Just like we have useless malls closing.
It will become an unfinished project, as usual.
That's what the Chinese get for trusting the Caucasian words
America is a melting pot of ALL races 😂😂
Lol, those dirty savages built ghost cities all over China and now they tried to do the same with this building in LA.... All the real estate they own should be confiscated and sold off. It's all purchased with stolen funds by corrupt CCP officials anyways. Now they are using real estate in America to hide their money...
😂😂😂😂😂 it's actually the other way around its what Caucasian people get for trusting the Chinese government. But hey enjoy your food stamps