Primavera's Hu: Skeptical Measures to Solve China Housing Slump
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- Опубліковано 23 чер 2024
- Primavera Capital Group Chairman & CEO Fred Hu says he is skeptical about measures taken so far to solve China's property crisis. He speaks with Stephen Engle from the sidelines of the "World Economic Forum in Dalian, China".
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China's stimulus measures trying to fix its property market
is like throwing a cup of water on the forest fire. LOL
did youtube finally unban your account for spamming?
what happened to your other bot accounts? you returning to your roots? or is this a new account just without the spaces?
Steve doesn’t believe Hu’s talk. Even Hu doesn’t think he was talking the truth. Just for propaganda
Hu is not happy??!!
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?
Xjp pants? 😂
Li Qiang is full of BS