China economy is in very bad shape! Do you know China has enough property to house double that of it's population! And property sector is collapsing like we never knew would happen! Yeah, i was wrong! I thought China avoid property bubble but then again, since US and EU shun China as investment destination, things turn for the worst for China!
With that, China will also see contraction of it's population with cash to throw! We may see China heading towards a long and painful lost decades just like Japan!
While Japan was able to withstand such contraction, China in the other hand will be totally different! Let's face it, japanese were aleady ahead of their time when Japan faced economy collapsed! The main factor is it's population size! Compare to China with 1.5 billion population! So the pain ahead is face worst for China chinese!
Instead of tourists from China, we may face with flood of chinese flooding the world who are desperate for work! So yeah, Malaysia is going to have major headache dealing with China chinese who refuse to go back!
China is so big with many history and beautiful places to visit. Why should they go oversea to seesighting? It is more beneficial and interesting to do seesighting in their own country
Property and development sector account for 30% of the GDP of China. These sectors are bad at the present time. It will take a while for the whole Chinese economy to adjust and recover. The Chinese population turned cautious after the pandemic lockdowns, and they are cutting their consumption and saving more. The slow down of the Chinese economy will affect its trading partner countries too.
Go to TRX Exchange Mall,go to KLCC, go to Pavilion, go to Sunway Velocity. What do you see? 9 out of 10 Chinese are Main lander.
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Posted by FortuneBull777 > 2024-01-31 16:55 | Report Abuse
Politics!