Exactly. It’s not a “Real estate collapse”. It is an intentional realignment of the economy through a policy to depress real estate prices so as to make property more affordable for the young, while at the same time channelling investment towards more productive and sustainable sectors such as R&D and industrial production.

They also didn't complain when China only made toys and t-shirts for them. 😂

the empire money printing press and debt load are overcapacity.

Thanks for that!! Wait till you see tomorrow's interview with Hungary's Political Director, Balazs Orban :-D

Looking forward to it.​@@neutralitystudies

As always great view and take on current events. Better than most main stream media stations especially the Sinclair networks.

A “consumption driven economy” is fine if that economy is also able to produce the products that it consumes. All this will mean in future is that, rather than exporting the sweat of their brow for the US to consume free of charge (by printing money), China will allow its citizens to consume even more of what they produce by raising income levels through home-shoring of the profits of production and more equitable/efficient distribution of those profits. Meanwhile, without cheap, affordable Chinese products, the living standards of ordinary people in the US will plummet as inflation explodes. The problem comes when the “consumption driven economy” is no longer productive, but has to borrow to consume. This increasingly describes both the US and most European countries (including Germany where industry is collapsing and relocating abroad because its government allowed America to cancel its import of cheap Russian energy and to replace it with American energy imports at multiples of the original price point, rendering German industry uncompetitive and unsustainable. So we need to define our terms and be clearer in our analysis rather than just talking about “export economies” and “consumption economies”. If an economy depended largely on exports for its livelihood accompanied by inadequate consumption, then its population would have intractably low living standards as its workers do not benefit from the factories for which they work - the case for much of Africa during the 20th century. That this has not been the case for China can be seen by the soaring living standards there over the last thirty years. They both produce and consume. As does Japan and Germany. Incidentally, Germany per capita is far more dependent on manufacturing and exports than is China.

I have read reports that they have moved back to China as there is no complete supply chain in India & it is cheaper to be in China.

Apple did ask Foxconn to move its assembly line to India. Foxconn suffered big setbacks in India as end products only met 50% standards and labor issues. let me briefly explain role of Apple and contractor. Apple lets a contract. the contractor is responsible for everything. Apple only needs to look at the end product is up to spec, and then pays the contractor. Apple doesn't responsible for anything. Foxconn wanted to keep the contract so they moved and suffered setbacks.