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At worst, they are poaching business from Russia, these border nations unhappy with the invasion.
Ya BRICS is cute idea but you seem too sour on their business ventures.
smh.
They didn't "ingrain" long term relationships. They alienated their neighbors by being hugely aggressive. Their "we think long term" is one of the main myths of pro-chinese propaganda.
They loaned money to people who now can't pay it back, and who have always resented the west for the debts owed. China did the same thing in those countries that they did in their own: Invested in infrastructure with no plausible economic need, i.e. bad investments.
The belt and road initiative is collapsing at the same time, the first loan payments are due, and shockingly are not being paid. The loans were predicated on the myth of "if we invest here it will magic up economic growth".
At worst, they are poaching business from Russia, these border nations unhappy with the invasion.
Ya BRICS is cute idea but you seem too sour on their business ventures.
So you think they are going to do this with 0.7 fertility rate? They do not have 500 years. I want to be respectful, but the fact you didn't really watch the stuff I posted here makes that difficult. I have given you information, read/watch and think.
Please.
BRICS just took on two countries that are diametrically opposed on almost every economic/geopolitical issue. It just built in permanent paralysis into its structure.
I was too sour 12 years ago. It is impossible to be sour about the bubble they find themselves in now.
2.
billion.
empty.
apartments.
0.7 fertility rate.
https://www.project-syndicate.org/on...fuxian-2023-09
This is not a 500+ year graph of a superpower.
I heard about the 0.7 rate about 15 years ago. One of my brother in laws is Turk born in Germany. I love Istanbul. I get Eastern viewpoint beyond E.Europe.
China will adapt. They will do what it takes to manipulate their sphere.
Last edited by FrostKing; 09-29-2023 at 06:26 AM.
RG,
You understand 0.7 rate
How can you support mass migration to North America or even Europe
You are good bro. I knew.
15 years ago it was 1.22 which was still low, but is lower now.
China is an authoritarian government. They don't adapt to things because no one tells the leader bad news. He is insulated from the worst of it.
Their closed society keeps information needed to adapt from people making decisions, and that power has been so concentrated the only one who can make decisions Xi, who is not being told everything.
One of my old exes was Chinese. Her farther gangster & mother educated both immigrants. Very wealthy.
China was a rice country 100 years ago. They've adapted plenty of times and will continue to.
Economic growth depends in immigrants. It is what is keeping the US economy afloat. We imported growth from Mexico, but they are out of people that can/want are able to do so.
Things will have to change. manage that change. That is how I support immigration. it is inevitable, and necessary.
This is the easiest and (structured) fastest strategy.
But a nation must also offer financial initiative for child bearing and usually to the struggling rural areas
12 years later:
"Anyday now folks" - Randomdumb
The problem is demographically real.12 years later:
"Anyday now folks" - Randomdumb
China does not have the replacement of all of the old.
The offed women and limited population to negative growth have deprived it of workers.
When it has its effects is difficult.
Why don’t you go back and look at your war predictions hypocrite.
It is already happening, little guy. Turns out it should have happened about... 12 years ago.12 years later:
"Anyday now folks" - Randomdumb
They just kept feeding the bubble until it got too big to sustain. You don't build 2 billion empty housing units overnight.
Do pay attention to something other than pedophile Scott Ritters twitter feed.
Zhongzhi, one of China’s major shadow banks, declares itself ‘severely insolvent’
The Chinese trust sector has once again set off alarm bells with the announcement that Zhongzhi Enterprise Group is declaring itself “severely insolvent.” The Beijing-based conglomerate has reported that it faces a shortfall of 260 billion yuan, the equivalent of $36 billion, and has warned of the risk that this poses to normal operations.
Zhongzhi is one of China’s largest shadow banks, private groups that provide financing through non-traditional ins utions, such as trust firms and wealth management funds. Zhongzhi invests much of its investors’ money in real estate projects. The group’s situation, which has gotten gradually worse since the summer, once again underscores the liquidity problems in the Asian giant’s shadow banking sector, which is worth an estimated $2.9 trillion.
Late on Wednesday, Zhongzhi acknowledged in a letter addressed to its investors and seen by the South China Morning Post that its total liabilities were up to 460 billion yuan ($65 billion), against assets of 200 billion yuan. At its peak, this wealth management firm was handling more than one trillion yuan in assets.
...
https://english.elpais.com/economy-a...insolvent.html
https://edition.cnn.com/2024/03/28/b...hnk/index.htmlTroubled Chinese property giant Country Garden misses results
...
In a filing provided to the Hong Kong stock exchange, the company said it needed more time to collect information due to the complexity of the work required amid its debt restructuring.
The move is likely to cause its share trading to be suspended from Tuesday, as is required by Hong Kong’s listing rules.
Hong Kong’s market was closed on Friday for the Easter holiday and will reopen on Tuesday.
Country Garden, once the China’s largest property developer, is reeling under about $194 billion worth of debt. It defaulted on its US dollar debt last year.
Last month, it received a liquidation pe ion in Hong Kong from a creditor for non-payment of a loan worth 1.6 billion Hong Kong dollars ($204 million), according to the company.
Country Garden’s woes echo that of another huge, and now insolvent, Chinese property giant Evergrande.
...
https://www.youtube.com/watch?v=-yCV8UYYew8
Ya no. China has less than a decade of being relevant, and possibly may not even be a coherent country in 20.
They have kept building into the bubble.12 years later:
"Anyday now folks" - Randomdumb
https://www.youtube.com/watch?v=-yCV8UYYew8
If your gnat-like attention span can stand it watch at about the 17:30 mark to about the 24 minute mark. They had a bubble in need of correction 12 years ago, all they have done since then is make it larger, and the scope and scale of that bubble is astounding.
They have enough empty apartments/condos/houses to house another 1+ billion people.
https://www.youtube.com/watch?v=-yCV8UYYew8 same video. China is in a bad situation, and doesn't have the leadership to get out of it.
To add insult to injury, study finds 270 million people are living on sinking land in Chyna’s major cities
Well, Effy, we can certainly believe that study, especially if it came out of Honest America.
tee, hee.
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