Since so many Americans can’t afford to buy a home in the US, maybe China will let us move there?
I recall reading an article several years ago about “Ghost Cities” - the Chinese built entirely new cities with high rises, roads and infrastructure etc and virtually nobody lives in them. Not sure if it was true, or remains true.
There’s good GDP growth and there’s bad GDP growth. When the 2008 crisis hit, China started building “infrastructure.” Just taking one example, high speed trains. There are only a handful of routes where a high-speed train makes sense. There are perhaps three or four of these “makes sense” routes where the trains can operate profitably. But by building the trains and their infrastructure China gets GDP “growth.” Bad GDP Growth. China has more high-speed rail than the rest of the planet combined. Most of the trains run empty. That’s because even a subsidized ticket is too expensive, and people would rather take a bus that requires a five-hour ride over paying the fee for a one-hour ride. Since shortly after 2008, China had already built all the “good” GDP pumping projects. But they can’t stop because the moment they do then the unhappy, unemployed people start rioting. So, they keep creating money from nothing and spending it on “growth.” I’ve seen estimates that there are more housing units built and underway than twice the population of China. That’s “bad” GDP growth. China makes Enron look like a model of good corporate governance.
“China’s economy is teetering at a “critical stage,” expanding a modest 4.9% in Q3, below the five percent target.”
Still FAR BETTER than Russia’s 3.5% growth. Take that, Russia!!!
Cutback includes with 6 you no longer get egg roll.
https://www.imdb.com/title/tt0063821/mediaviewer/rm1201420544/?ref_=tt_md_4
If they are saying their growth was that low, I imagine it was really negative.
And when China catches a cold….
“Ghost cities, idle airports, and vacant skyscrapers”
Send the imigrants there to fill up the ghost cities.
Nothing a war can’t fix.
Made in China? No thanks. Collapse the CCP. DEFUND$