berserk1010

9 ms·

31.
by berserk1010 3y ago
The parents are typically living in farming community, with old/run down houses. Which the children dread moving back to, since there is no money nor future.
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by berserk1010 3y ago
They do. it is said that when two people get married, they suck all the savings of the parents from both sides of the family (mostly men's side), as well as the savings of the bride/groom (mostly man), to put down deposit for one
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by berserk1010 3y ago
miohtama is actually correct. Foreign investors have snatched back nearly 90% of the money they put into Chinese stocks this year (2023) https://markets.businessinsider.com/news/stocks/china-econom... Foreign inve
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by berserk1010 3y ago
Author is a data scientist pretty fluent in Chinese matters. You take what you can get out of censored dictatorship like China.
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by berserk1010 3y ago
What can I say, all I know about/care about is Chinese economy. I do provide a lot of valuable facts/links to the site
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by berserk1010 3y ago
It's all in the articles "Existing homes near Alibaba Group Holding Ltd.’s headquarters in Hangzhou have dropped about 25% from late 2021 highs, according to local agents." "Even as of March, before a fresh slowdown, mor
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by berserk1010 3y ago
I'll paste one sample, it's safer 1、恒大，龙头房企，负债规模约2.6万亿，2021年9月正式宣告暴雷。 2、中梁，浙江房企，负债规模约2000亿，2022年4月公告美元债寻求展期，宣告暴雷。 3、俊发，云南房企，负债规模约1200亿，2022年4月2.19亿信托贷款未兑付，宣告暴雷。 4、融创，龙头房企，负债规模约1万亿，2022年3月美元债展期，宣告暴雷。 5、世茂，龙头房企，负债规模约4000亿，2022年3月公告6
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by berserk1010 3y ago
cursory searches on western media reviews shows 20%, 25%, 30%. https://medium.com/alpha-beta-blog/even-beijing-home-prices-... https://fortune.com/2023/08/17/china-home-sales-worse-than-o
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by berserk1010 3y ago
You would have to know mandarin (to read through government economic reports), and have access to Douyin videos. And these videos get taken down by the authorities fairly quickly
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by berserk1010 3y ago
I would call it a Great Depression https://www.forbes.com/sites/miltonezrati/2024/01/22/chinas-... . And the depression probably started in 2021 or 2022.
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by berserk1010 3y ago
A couple of things to note: 1.) Why did it take Evergrande 3 years to liquidate? In western countries, liquidation happens in a few months. One should note that Evergrande did not get that big by itself; obviously it had the support of CC
42.
by berserk1010 3y ago
I think it's hilarious that when westerners provide data based arguments that China is failing, China supporters will say you don't understand China and you need to live there, and they've heard China's impending fail ma
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by berserk1010 3y ago
> generate 50-100M new skilled workers in the next 20 years You're overestimating the impact since 1.) 80% of the top minds will study abroad and stay there, not in China, like they are now. More smart people are realizing if they
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by berserk1010 3y ago
The Chinese savings rate is a bit of a mirage, since there are a couple of things happening * Chinese banks are swallowing many Chinese citizens' deposits in the bank, without recourse and explanation. There are protests of course, an
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by berserk1010 3y ago
> And the Q is are they as unhappy as youths in the west? that's not comparable, as average Chinese youths are in poverty, living off $300/month. https://www.newsweek.com/china-article-censorship-1-billion-...
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by berserk1010 3y ago
> PRC is currently extracting the greatest high skill demographic divident in human history in the next 30 years China is not. There is a trend in China for companies to not hire people over the age of 35. Also, their unofficial youth
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by berserk1010 3y ago
percent of parts manufactured in China is declining over time, and quickly.
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by berserk1010 3y ago
How is it that some europeans like yourself don't realize that China is actively supplying military goods and funding to Russia, to help Russia attack Europe?? Why would you want to pay for cars that help to grow your enemy to cause yo
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by berserk1010 3y ago
Not sure if you call this "delivering" 1.) The heavy market losses in 2024 come hot on the heels of a bruising run last year, when the CSI 300 index, comprising 300 major stocks listed in Shanghai and Shenzhen, fell more than 11%.
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by berserk1010 3y ago
China doesn't have the money nor economy to support such low yield effort for long term China has ordered its local governments to halt public-private partnership projects identified as "problematic" and replaced a 10% budget
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by berserk1010 3y ago
I wonder if this service will facilitate collapse of censorship in dictatorship countries like China and Russia. Especially if those countries are currently suffering from economic depression like China and Russia, and its citizens are wak
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by berserk1010 3y ago
dictatorship + failing economy + xenophobia + han-ethnocentrism goes brutally hard against immigration from other nationalities. immigrants would be beaten, harassed, and killed en mass in China.
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by berserk1010 3y ago
There are also a few recent developments that should frighten any foreign companies that are still operating in China - China's government's unprecedented and nationally coordinated audit on Foxconn's taxes and real estates i
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by berserk1010 3y ago
US and Europe are already very much in the process of detaching from China. We as conscientious consumer just have to help speed it up. China is also already retreating into itself. China won't matter in 20 years.
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by berserk1010 3y ago
what? are you not aware of the Russian invasion of Ukraine, supplied by China and North Korea? (Ukraine JUST blew up a supply railway between China and Russia today) And Iran supported Hamas distracting that war effort?
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by berserk1010 3y ago
there are less of those on HN these days, most of these opportunistic hacks finally realized that China is collapsing economically and abandoned ship
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by berserk1010 3y ago
OP is a CCP sympathizer who is being sarcastic. OP should probably ask (but they won't), how can US slow down China's help to Russia's terrible war on Ukraine, or theft of valuable IP in the free world, or increased aggressio
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by berserk1010 3y ago
One country has a 22% youth unemployment rate, before stopped reporting. Another country has a 8% youth unemployment rate. One country has the primary investment sector being real estate, where their top 2 companies are bankrupt. Another
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by berserk1010 3y ago
He rarely travelled abroad in the last 4 years. He made a special trip to the home turf of US. The country that just choked their AI ambition He was trying to get American business to come back to China. Instead, not much deals happened.
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by berserk1010 3y ago
REAL, unofficial Chinese gdp is probably at near 0% or negative. you don't get 20-30% decline in all metrics like export, import, home price, tax revenue, land value, employment, salaries, etc etc and still have 5% gdp growth. There&#x

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