Me? I think China and Chinese is doing so well for Chinese that the Americans want to destroy China just to show democracy, their kind of democracy is best.
The wealth distribution in population is one of the worst in China. Household Wealth in China Yu Xie and Yongai Jin With new nationwide longitudinal survey data now available from the China Family Panel Studies (CFPS), we study the level, distribution, and composition of household wealth in contemporary China. We find that the wealth Gini coefficient of China was 0.73 in 2012. The richest 1 percent owned more than one-third of the total national household wealth, while the poorest 25 percent owned less than 2 percent. Housing assets, which accounted for over 70 percent, were the largest component of household wealth. Finally, the urban-rural divide and regional disparities played important roles in household wealth distribution, and institutional factors significantly affected household wealth holdings, wealth growth rate, and wealth mobility.
Wealth gap in China is very huge! CCP officials are extremely wealthy! If you manage to build a big business, then CCP officials will knock on you do and force you to transfer ownership to them! You end up been slave for life!
The wealth distribution in population is one of the worst in China.
When CCP accussed only elite people in western could earn living and the poor suffered. Look at this figure, after CCP ruled the country 70 years it only made CCP super rich. Socialism system is not for normal citizens. Selling US dollar and buy more RMB is a con. Unfortunately, there are still many con men in Malaysia to spread lies.
Developers go bankrupt....u to think developers don't go bankrupteh? Malaysia also saw property crisis in the 80 and 90s...property developers in China are reckless and fearless so much so that the government has to step in
The wealth distribution in population is one of the worst in China.
When CCP accussed only elite people in western could earn living and the poor suffered. Look at this figure, after CCP ruled the country 70 years it only made CCP super rich. Socialism system is not for normal citizens. Selling US dollar and buy more RMB is a con. Unfortunately, there are still many con men in Malaysia to spread lies.
It is completely a faillure state the uneven wealth distribution is on par with 3rd world country.
Housing assets, which accounted for over 70 percent, were the largest component of household wealth.
Housing assets dropped 50%, all these local Chinese become negative assets. Very strange that some CCP supporters still very happy for them.
CCP con developers to buy expensive lands from local government, banks were con to lend more money to developers. Developers con home buyers to buy higher property price. Local goverments, developers, bankers are CCP con men, end up home buyers are victims loan payment defaults due to jobless and pay cut. Only CCP super rich buy Us dollar and enjoy life with many girl friends. This is called common wealths which means common CCP members are wealthy.
Posted by qqq47660 > Jun 19, 2023 11:01 AM | Report Abuse
Developers go bankrupt....u to think developers don't go bankrupteh? Malaysia also saw property crisis in the 80 and 90s...property developers in China are reckless and fearless so much so that the government has to step in
Answer : Most buildings in China don't last! Very poor quality! Only last like 15 years at most! Tofu!
A well developed country middle range income RMB 3000 per month. Unfortunately kena negative assets. Very pity.
CCP con their citizens, with that kind of income can't afford 2-3 times of Malaysia property price. Bubble burst now become negative assets but CCP members super rich and enjoy life with many girl friends. They buy more US dollar and send money to US, RMB keep dropping.
Lip service is easy the flow of smart money to strong and soild alliance is very clear. As a smart investor where to park your hard earned money is very obvious.
Luckily very few Malaysian kena negative assets. Those CCP supporters may consider to migrate there but need to study chinese. Property there start keep on dropping, you may fulfill your dream to stay in Shanghai and Beijing.
A well developed country middle range income RMB 3000 per month. Unfortunately kena negative assets. Very pity.
CCP con their citizens, with that kind of income can't afford 2-3 times of Malaysia property price. Bubble burst now become negative assets but CCP members super rich and enjoy life with many girl friends. They buy more US dollar and send money to US, RMB keep dropping.
Ans: middle range income RMB 3000 per month contributed 30% of total populations, if they could afford to buy Beijing and Shanghai properties, sure those Malaysian red guard armies could afford and stay at their dream mother land especially qqq don't just lip service CCP need your funds to boost up China poperty. But you need to learn Chinese in the rest of your life and don't be like Mat Salleh to communicate in English CCP dont like English although they love US dollar.
This is stock investment forum, be smart to think carefully where do you park your fund. Obviously a solid stong and sound alliance is a better choice. Evil alliance like Iran, North Korea and Russia will not bring another country economy to another level. Africa long time internal wars won't be stopped in foreseen near future. Buy strong currency and avoid weak currency but no choice if living in Malaysia.
for a country that grow so fast, its a miracle that China prices are still so cheap. even a factory worker can eat out every night and can still save money to send back to their kampongs and national average saving rate is 40% of wages. its incredible and credit must go to the geniuses managing China.
Total debts = local household + private sectors + local government + central government + GLC
No doubt the central government debt is relatively low. Total debts are almost 300% GDP only 70 years in power.
Ans: With such high debts poor citizens spend all their money to pay debts and no money to spend, this is called deflation. Eventually the spending power is low, more shops and factories are closed. Jobless and pay cut make poor citizens not willing to spend. Bad cycles only CCP members richer and richer with more girl friends and US dollar.
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Posted by FortuneBull777 > 2023-06-12 15:18 | Report Abuse
Reality!