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The first sign of China destroying its own economy came for me when Jack Ma was disappeared. Chinas economy is now ruined. The vast majority of foreign compan
by andrewstuart 3y ago
The first sign of China destroying its own economy came for me when Jack Ma was disappeared.
Chinas economy is now ruined.
The vast majority of foreign companies have left or are leaving. Same with foreign capital.
Massive unemployment and getting worse. People homeless and in poverty.
The real estate ponzi has collapsed. Banks are in trouble.
The construction boom has turned out to be extremely low quality and tofu dreg constructions everywhere are resulting in things like apartment blocks that are falling over and must be abandoned and destroyed.
The tech companies have been hacked down to size, entire industry sectors simply stopped.
In only a few years the China success story has collapsed entirely.
Perfect conditions for a leader who needs distraction to seek it in war.
- andrewstuart 3y ago[flagged]
- noxs 3y ago> People homeless and in poverty If you think people in China will become homeless then it means you have massive illusion about Chinese culture, the land policy, and the real estate situation.
- andrewstuart 3y ago[flagged]
- thegrim33 3y agoYour original post comes across to me as way more of a typical propaganda post then the person you're replying to here. Making huge outrageous claims, all negative about a country, painting an extreme picture, all entirely opinion based without a single piece of data to back up your claims.
- andrewstuart 3y ago[flagged]
- orf 3y agoIt’s a given that people on HN know how the internet works. It’s also (usually) a given on HN to not post unsubstantiated and pretty controversial claims with no additional interesting or intellectually stimulating context for people for people to discuss, then accuse people of being a “CCP account” when someone points this out. Edit: and posting a gigantic list of sources as a “gotcha” doesn’t count as additional interesting context, or even words of your own. Try rephrasing your points in a way that is clearly meant to incite an argument and wouldn’t be best read as if you are shouting.
- LargeTomato 3y agoIt's both. The Chinese economy is not "ruined". At the same time, the idea that China has no homeless is laughable.
- noxs 3y agoI am not claiming there is no homelessness, my bad for not conveying the idea clearly. My point was that the economy recession in China and real estate bubble won’t make the homeless situation worse significantly.
- deleted 3y ago[deleted]
- terminous 3y ago> Welcome to HN We don't allow ad hominem attacks here, Andrew. You made uncited assertions, got an uncited assertion in response, and then made this wonderful contribution to the discussion.
- andrewstuart 3y ago[flagged]
- noxs 3y ago[flagged]
- tptacek 3y agoPlease don't post insinuations about astroturfing, shilling, brigading, foreign agents, and the like. It degrades discussion and is usually mistaken. If you're worried about abuse, email hn@ycombinator.com and we'll look at the data. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- andrewstuart 3y agoYeah I can see me earlier comment breaks the rules right there.
- noxs 3y agoGreat, now I am part of CCP. Apart from that, the strong family tie culture in China, and the "Hukou" system(imo it’s not a good system at today), especially the rural type of Hukou granting the usage of lands almost ensures in the end there will be a place for people to live without being homeless. Will there be economic recession? Likely yes, are there homeless people? Absolutely. Will there be massively increase of homelessness due to this recession in China? It’s very unlikely. One needs to travel to China and living for months to understand the culture there and how the Hukou separate urban and rural people, and how it’s related to the land policy to understand why it is very hard for China to have massive homeless as much as we had here at SF. https://en.m.wikipedia.org/wiki/Hukou https://en.m.wikipedia.org/wiki/Hukou