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  1. #26
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    Quote Originally Posted by Edmond View Post
    Chinese ghost cities.
    Quote Originally Posted by Klondyke View Post
    ^Wondering why no people are shown.
    Quote Originally Posted by Edmond View Post
    Chinese ghost cities.
    Good grief and sweet black baby Jesus . . .

  2. #27
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    Quote Originally Posted by panama hat View Post
    Originally Posted by Klondyke
    ^Wondering why no people are shown.
    Wondering why they did not show a train tunnel. In such tunnel are hardly found some people, or anything else to be seen (some people say when seeing not very clear black-and-white photos, did you photograph black people in a tunnel?)

  3. #28
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    Quote Originally Posted by TTraveler View Post
    Year after year I've been reading warnings of China's property bubble's need to burst, but prices keep going up, and the people I know in China are as eager as ever
    Certainly there are always doom-mongers around. Of course, one day they might get it right. Meanwhile, continuing eagerness to invest is symptomatic of a bubble.

    I am sure that the property market in a country as big as China varies enormously. Certainly people in cities like Shanghai and Shenzhen are eager to climb the property ladder. Then there are these ghost cities. Anyone can choose either end of the spectrum to argue a case.

    What is clear is that Evergrande is in trouble and what isn't clear is how this will shake out. However, I'd agree that it is a bit of a leap from there to say the entire China property market is in crisis.

  4. #29
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    Quote Originally Posted by Klondyke View Post
    Wondering why
    Quote Originally Posted by Klondyke View Post
    Wondering why no people are shown
    Quote Originally Posted by Edmond View Post
    Chinese ghost cities.

    Just stop ruining every single News thread. Just stop.

  5. #30
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    Quote Originally Posted by Shutree View Post
    I'd agree that it is a bit of a leap from there to say the entire China property market is in crisis.
    Of course it isn't - as you said there are areas where the boom is real, i.e. more buyers than availability . . . but like anywhere else at the moment prices are skyrocketing there.

    'Build ad they will come' isn't applicable to simply building anywhere to create jobs - there is much more to it than that.

  6. #31
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    Quote Originally Posted by panama hat View Post
    Just stop ruining every single News thread. Just stop.
    How lucky for the forum, you always can compensate it and make it not only well informative and but also very witty (is it a synonym for "nutty"?)

  7. #32
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    Quote Originally Posted by Klondyke View Post
    How lucky for the forum, you always can compensate it and make it not only well informative and but also very witty
    Thank you, but this is about you.

  8. #33
    Excommunicated baldrick's Avatar
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    the trailing pronunciation is a bit irritating , but the video is ok


  9. #34
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    Quote Originally Posted by Klondyke View Post
    Wondering why they did not show a train tunnel. In such tunnel are hardly found some people, or anything else to be seen (some people say when seeing not very clear black-and-white photos, did you photograph black people in a tunnel?)
    In English, it is a blind man, in a darkened room, looking for a black cat, that isn’t there.

  10. #35
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    Schrodinger's Cat? It went missing.

  11. #36
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    This is nothing new:

    What President Xi’s congress message means for China’s housing market


    The President stressed ‘houses are built to be inhabited, not for speculation’

    Published: 2:32pm, 24 Oct, 2017

    What President Xi’s congress message means for China’s housing market | South China Morning Post

    Some Chinese real estate developers are having financial problems.

    They will survive, as the wanabe central banker has.

    China Evergrande bonds suspended as prices plunge

    September 6, 20215:51 PM +07Last Updated a day ago

    China Evergrande bonds suspended as prices plunge | Reuters

    Quote Originally Posted by Klondyke View Post
    I too would not see any people
    They were all busy studying to get into university.

    "This year, China's annual college entrance exam season will run from June 7 to 9. You can almost smell the pressure in the air as more than 10 million students across the country prepare to take the National College Entrance Examination, aka the 'gaokao,' a high-stakes exam on which students' entire future depends"
    Last edited by OhOh; 08-09-2021 at 01:16 AM.
    A tray full of GOLD is not worth a moment in time.

  12. #37
    Thailand Expat Backspin's Avatar
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    And a few years later


  13. #38
    Making people dance. :-)
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    ^ They paved the roads and hired a few actors?

  14. #39
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by baldrick View Post
    but the video is ok
    Some perspective?


    China debt: has it changed in 2021 and how big is it now?


    "China’s outstanding foreign debt, including US dollar debt, reached US$2.4 trillion in 2020"

    China debt: has it changed in 2021 and how big is it now? | South China Morning Post

    USA Federal Debt and the Statutory Limit, July 2021

    What Is the Current Situation?

    "P.L. 116-37 specifies that the amount of borrowing that occurs during the suspension of the debt limit will be added to the previous ceiling of US$22.0 trillion. As of June 30, 2021, an additional $6.5 trillion had been borrowed, bringing the amount of outstanding debt subject to the statutory limit to $28.5 trillion. The new debt limit, which will be established on August 1, 2021, will reflect additional borrowing through July 31."

    Federal Debt and the Statutory Limit, July 2021 | Congressional Budget Office

  15. #40
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by baldrick View Post
    the trailing pronunciation is a bit irritating , but the video is ok

    Watched that ... explained quite a bit of the background.

    Good find.

  16. #41
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by Backspin View Post
    And a few years later
    I see no cars and hardly any people - does not look like real china

  17. #42
    Thailand Expat Backspin's Avatar
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    Quote Originally Posted by David48atTD View Post
    Watched that ... explained quite a bit of the background.

    Good find.
    You should be worried alright. It's just that if China goes down, so does the US. You ever notice how almost everything from Amazon or Walmart is made in China ? And that's just half of it. China is the biggest external owner of all of this govt debt we keep stacking up.

  18. #43
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    Quote Originally Posted by Backspin View Post
    You ever notice how almost everything from Amazon or Walmart is made in China ?
    So, don't buy shit from Walmart.


    Sure, many will suffer but if you think that China going through tough times is going to sink the US you have absolutely no idea about economic structures

  19. #44
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    Quote Originally Posted by Backspin View Post
    You should be worried alright. It's just that if China goes down, so does the US. You ever notice how almost everything from Amazon or Walmart is made in China ? And that's just half of it. China is the biggest external owner of all of this govt debt we keep stacking up.
    …. but you are not American. Why suggest that you are by using the term ‘we’?

    In the end the problems will be resolved by pragmatism and compromise on both sides. Ever tried posting on a subject that you actually understand?

  20. #45
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    Quote Originally Posted by Switch View Post
    Ever tried posting on a subject that you actually understand?
    Not many threads on cheap hookers and LB skullf***ing on TD

  21. #46
    Thailand Expat Backspin's Avatar
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    Quote Originally Posted by Switch View Post
    …. but you are not American. Why suggest that you are by using the term ‘we’?

    In the end the problems will be resolved by pragmatism and compromise on both sides. Ever tried posting on a subject that you actually understand?

    Because Canada is a vassal of the US with the same trade relationship with China maybe.

    How large is Canada's trade deficit with China?
    China is Canada’s second-largest export market as well as our second-largest source for imports. However, it has often been said that this significant flow of goods is one-sided, with Canada importing much more merchandise from China than they import from our country.



    btw my left thumb knows more about this than you do.

  22. #47
    Thailand Expat Backspin's Avatar
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    Quote Originally Posted by panama hat View Post
    So, don't buy shit from Walmart.


    Sure, many will suffer but if you think that China going through tough times is going to sink the US you have absolutely no idea about economic structures


    China is America's biggest creditor once again



    China is America's biggest creditor once again



    Creditor

    A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed.

  23. #48
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    Quote Originally Posted by Switch View Post
    Ever tried posting on a subject that you actually understand?
    He's doing a Skidmark and digging in

  24. #49
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by Backspin View Post
    China is the biggest external owner of all of this govt debt we keep stacking up.
    For some time it appears. If of course, they aren't pledged to others.


    MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
    (in billions of dollars)
    HOLDINGS 1/ AT END OF PERIOD
    Jan - June 2021

    Jun May Apr Mar Feb Jan
    Country

    China 1520.5 1538.8 1312.5 1327.4 1563.7 1558.7
    Japan 1277.3 1266.2 1276.8 1327.4 1240.3 1276.7


    https://ticdata.treasury.gov/Publish/mfh.txt
    Last edited by OhOh; 09-09-2021 at 02:55 PM.

  25. #50
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    Actually the US gov't has to increase it's debt limit, again, or is on the verge of defaulting on it's Sovereign debt obligations. That would be a cataclysm!

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