Collapse of Chinese real estate in one chart. The two small ones that increased sales are state owned developers.
China’s slow motion RE collapse is the biggest economics news in the world today and somehow still doesn’t get the attention it deserves. We are witnessing in real time the slow collapse of the world’s 2nd biggest economy.
China is closing its doors and going back to dark ages.
Arbitrary detention of foreigners isn’t going over well with Western firms. Who knew.
One more.
China’s inbound foreign investment goes negative for the very first time.
Chinese are fleeing China. Keep this in mind next time people try to sell you how wonderful China is.
The number of people fleeing China to seek asylum in the United States has spiked sharply in recent weeks, with U.S. Customs and Border Patrol reporting more than 4,000 arrests of Chinese nationals in September, a rise of 70% from the previous month.
In the 12 months to September 30, more than 24,000 Chinese nationals have made the arduous and sometimes dangerous overland journey through South and Central America to cross the border from Mexico and apply for political asylum in the United States.
Population in China = 1.4+ billion
24,000 is 0.0017% of China’s population.
This is the route these 24K Chinese travelled:
They are preparing to brave the Darién Gap, one of the most dangerous people-smuggling routes to the United States
They didn’t start from the Mexican border and casually walked over. They started in some Central American country that offer visa-free entry to China, then walked hundreds of miles through the most dangerous route on earth, and they don’t speak a word of Spanish.
And 24K is just the last 12 months who sneaked in through this particular route. Many more, maybe up to a million more, people who have more money and education credentials, simply overstayed their student or tourist visas and not returned.
1 million = 0.07% of China population.
It is always true that only a few are lucky. Vast majority will continue to dance on the Titanic.
Listen to people who know, not from an ex-HKer who has an emotional burden,
Latching on stock promoters now? SMH…
You guys in Singapore didn’t study Chinese history did you? No wonder Singaporeans always come across as superficial and shallow on China.
I have used almost all Chinese APPs. Regarding Huya, it is not China’s Twitch. It is a live broadcast platform. A platform similar to Twitter is called Weibo, a platform similar to Reddit is called Tieba, and a platform similar to Quora is called Zhihu. China There are many similar platforms. The most popular streaming media platform in China right now is Douyin. I took a screenshot of my Apple Store ranking of the most downloaded streaming media apps in China, BILI IQ IQIYI
Happy to see naive Singaporeans holding Jack Ma’s bag. Maybe they know more about Alibaba and China than Jack does?
Jack has been selling BABA shares over the years. Nothing surprisingly. This is how billionaires sell… read up on Google boys. Anyhoo, you didn’t watch the video… was mentioned and explained.
