Independent Economist Andy Xie discusses the Chinese economy, how the issues with the property market are impacting the middle class and his outlook for the markets. He speaks on Bloomberg Television.
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I have been wondering for almost a decade when China's property/debt bubble was going to burst. Amazing it went this far. It is essentially their 1929….
1:38 less than 0.5% MoM declines. Come on, San Jose just had 5% MoM declines. Let's not overreact.
1:38 less than 0.5% MoM declines. And everyone going crazy about it. ok….
US propaganda
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Collapse is imminent, its calls for war is just a cover for the CCP's corruption.
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You are taking to someone in China, at this juncture, you will only hear what is in line with what CCP wants to say. So that means fiction, the CCP does not want anything but party line and they say what they want you to hear and hear what they want to hear. This is the problem with China today… it is a dictatorship run by Xi is out of touch with almost everything. He wants the Chinese people to be poor he will have it, He thinks Taiwan is worth going to war for, well then he will have that too. Freedom of action is not happening in China, nor is good government policy. But keep reporting the CCP line, I think its time to walk away.
Wealth creation by the permission and control of the government alone is a true farce.
Chinese people WITHDRAW your hard-earned money from banks in china! If they don't give it to you, REVOLT AGAINST YOUR CORRUPT GOVERNMENT! 🖒
Really hope CPP FAILS MISERABLY
A lot of people have no understanding of China therefore a lot of BS people here. I am on the ground here and I can tell you what is happening. I see nothing but optimism because there are hundreds of thousands of property agents in China. They will weed out all the problems leading to loan overloading. It will crack down on all the fly by night developers. Within 1-2 years the property platform will be clean and secure. This process is necessary to develop a strong economic country. These property agents problem is very prevalent in other countries and I see it still exists everywhere. One thing China should also take can of is that the management companies don't screw the local people over with extortionate fees on managing the apartment buildings. I have this experience in the UK and the US.
America always want everyone to fall instead of themselves but this times it’s not happening they way you wanted
CCP is a Totalitarian regime. 1.4 billion slaves are trapped there.
China has ten skyscraper cities just left abandoned. There's no such thing as a property crisis in China.
The CCP controls everything in China. The CCP is a burden on Chinese Young People.
The corruption in China is the biggest problem. If you’re close to the “top” in the government, you can steal pretty easily,and probably escape with the money !
If this is China's game plan (6:45) more infrastructure?
Isn't what got them here? Overbuilding without customers.
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The most commont thing in the world. Rich make mistakes or steal money. Middle Class has to pay for all of this. And the poor are there just to scare the shit out of middle class.