Your video pop up on the recommendation today. I went through some of your other videos and subscribed as I've always been looking for Real Chinese News and not western media propaganda, like the - China is Collapsing thing that's been reported on and off since the 70s.🤦‍♀ Thank you. I really appreciate it all.

Chinese see things through to the very nature of them but Westerners would be blinded by all the fancy definitions and jargans. The true wealth is the real things that you built. How can building more houses is not creating wealth? It's not surprised to see a westerner telling you if not making money then building more is a waste and not efficient which means building less is creating more wealth 😂😂😂 how absurd? Also us GDP is more about stock market. It is fake. In terms of creating wealth China does at least 10 times of USA is capable. China is the number collosal superpower in the world that no other can compare. There is no way anyone could catch up with China in a foreseeable future. The future is set and this is not the end of the Chinese story. It is the beginning of the all new future.

With 1.4 billion people, and one of the high population density country, there is a need to do so, and there is almost always a market for it sometime in the future. Worth a punt.

That's because he's not part of the 1% To become a part of the US leadership/elite, you need to get a lobotomy to ensure you toe the party line. Don't follow the deep state narrative, and you are excluded.

They are not a minority. More of a marginalized, dissenting segment of US society who don’t have the courage to speak until social media influencers and alternative media publishers came

😂 all highway workers are like this

And the H and R department has three graduates from "Gender Studies"!

Only 3??

The Americans is efficient. In Canada, 6 mates watch over one guy digs.

An Indian friend of mine Living in the US said it was the same in India. The only difference, according to him was there would be not 3 but 30 people watching.

Houses are for people to stay and not for speculating. For those who got burnt serve them right.

China people house ownership is very high, many new buildings are not in critical demand, they are just investment in some way, some is for people looking for a changing of living.

There were many ghost cities decade ago, but all of them got filled up gradually. The ghost cities in remote areas filled by the retirees mostly.

We are sick of this western media narrative on China. Always making a mountain out of a mole hill. They should be taking care of their own backyard

Did you not watch the video .China is going move 250 million people to the urban area in the next 10 to 15 years regardless of population decline .

In a round way we are all living off the backs of chinese workers for decades and the west for over a century, and backs of African slaves for centuries. Evidence of loot and plunder can be seen in the British museums. That loot was made with skills of other people, and now collect dust.

Dont worry Granny. Your tomb is aroubd the corner. You wont see the west go back to its proper place

Would you prefer homeless encampments or would you prefer those free housing that’s build by gov? Take your pick, if you like the homeless encampment then it’s your choice, don’t force your decision on others who does what free housing.

lol. You can tell this guy is CCP paid shill

In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest

@@DW-op7ly I grew up in the construction industry, worked my way through college doing construction work as a helper and then craftsman, my old man was 25 years as Superintendent of Construction, so I have my own opinions and I knww a few things about the subject: industrial and residential. So I don't get offended by other opinions but I also know that building empty building is not building homes and empty unmaintained structures don't maintain themselves, it's shortens their useable lives. I do acknowledge that this is CCP China not the West and things happen differently but then again, some things are not different. Let's revisit the subject in 10 years and see how many of those empty buildings have families in them. That will be the proof of your theory and rout my skepticism. Have a good day.

@@palirvin1871 who says these homes have to have people in them? But there is an easy fix with the Chinese Government crackdown on real estate m/speculation even after 14 year warning??? The people who are owed homes by these developers can take a higher end home And the few hundred million rural folks still expected to move to the cities Can buy these homes built by Developers at a discounted price 👇 Do China’s ghost cities offer a solution to Europe’s migrant crisis? Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? All over the world, the value of property extends beyond the utilitarian function of being a place to live. Real estate is also a vital economic entity that presents an avenue for investment as well as a way of storing wealth - a use of property that is taken to the extreme in China. “Many Chinese investors are buying property based on expectations of appreciation, and that it is a solid, safe investment that they can easily understand,” said Mark Tanner, the founding director of China Skinny, a Shanghai based marketing research firm. A full 39 percent of individual wealth in China is kept in housing, and, according to Nomura, 21 percentof China’s urban households possess more than one home. The reasons for this desire to invest in housing often results from a lack of better options. China’s banks pay negative interest and are becoming even more unattractive with the recent wave of currency devaluation. Wealth management products are not fully developed and are highly regulated by the government, and the stock market is viewed to be about as secure as a casino. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not an financial drain on their owners. Reuters

@@palirvin1871 The real problem these last few years Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 Btw growing up in the construction industry then you should know A Property Developer who gets an influx of cash…what do you do??? You do what you do best…. you build 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead - a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg

@@palirvin1871 Anyways with their engineered slowdown (or else70% of the people in their city real estate markets would be buying their 3rd 4th or 5th homes right about now…. as a few hundred million rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead … what difference does owning 4 homes instead of 5 make This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 - Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts

Great! Soon he can afford to buy your sïstêrs for the nite!

@@peanut0brain shes poojeeta anyway ... no one want it.

Yes. Living in a unit with plumbing, heating and clean running water. 800 million are suffering these horrors! They would be better off living in the US. I'd move them to Flint or anywhere in California. They tell me there are plenty of empty houses there!

@@RickBlaine 50 cents for you

Enjoy your Depression.

You can not see homeless people in China, but I see a lot homeless in US and Canada, on our side... If you are honest enough to admit looks like hell is closer to us than to them !

More like you are desperately trying to look for negativity in all Chinese news. Those investors who lost their money due to speculation is on their own. Xi warned them 5 years ago that housing is for living not for speculating. If you didn’t take that listen then you deserve the outcome today. Meanwhile, even more folks are happier with finally getting low cost of housing compare to few investors who lost out big time in speculating and trying to corner the housing market.

You must be a type of person who only wants the few to gain wealth and would prefer other folks to be homeless and poor while you profit from investment on these properties.