China's Property Bubble - BON TV
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@Duds47 Actualy its massive deregulation of industry which has caused this bubble. The only reason that Chinas government is involved is because, like Russia, many of the high ranking burocrats where given the companies during the 1990s great deregulation of wage and other worker protection laws. China is communist politicly, but ultra-capitalist economicly, and it only renforces the point that Freidmanism is a failure at its very core.
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@hdhatt05 even Indians have a grin on their faces
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U can see a grin on the americans faces after watching this lol
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FUNNY! apparently they have been to busy to have a look at the last FOUR YEARS OF NEWSPAPERS FROM ANY U.S. CITY. "Chinas Housing Minister"...an ominous job title...60% of homes bought for investment reasons...investments at zero percent return. a nation of suckers that will get the same ugly result we are ass deep in.
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DID I HEAR THAT RIGHT? UNIVERSAL MORTGAGE RATE OF 4.1%???!?!?! THATS INSANE...I smell liar loans all over again...
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@lastmohicanfromchina you are stupid
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Duds47 1 year ago 7
fuck those greedy western capitalist to collude with CCP, They are devils dealing with each other in disregard of ordinary chinese people .
lastmohicanfromchina 1 year ago 4