Wall Street Millennial In this video we look at the recent financial troubles of Country Garden, China’s largest real estate developer, and what this could mean for the country’s economy going forward.
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0:00 – 1:20 Intro
1:21 – 8:30 Country Garden
8:31 Contagion
#Wallstreetmillennial #china #realestate #countrygarden #evergrande
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Note to self- Avoid all compnaies with the name "Garden" on them.
Not worth to invest in china real estates any more… crumbling economy and population deceleration are creating too many negative sentiments. The massive rail networks will collapse beyond repair with huge annual lost in revenue.
We would rather see theCCP fail
The property bubble bust is not a good thing and the reason why it's not a good thing is because, while not mentioned in this video, China is in the midst of the greatest demographic population collapse ever in the history of the world that will ensure their economy never ever recover until the CCP is history and the country of China inevitably breaks up into several smaller countries, most of them economic basket cases.
Indeed, pretty soon, there will be more people living in China over the age of retirement than there will be young people coming up to replace them, and that will be an enormous drag on their economy. In fact, no country can possibly survive that sort of immense population loss. As the China we all know and love today, especially their wolf warrior diplomacy, will not make it past 2030. As China is not Japan.
brink of bankruptcy? that happened months ago, all they did was forestall so the higher ups could destroy evidence and documents and take whatever they can get their hands on before fleeing to other countries like the US or UK. this type of thing is common in China, especially in real estate. nothing new if anybody paid even a sliver of attention to how real estate works in China
These property giants deserved to go bust. They have turned the people's right to a roof over their heads into a casino for those who lots of money. The Chinese government did the right thing. Property speculation generates GDP and makes a lot of people rich but does nothing to improve a country's economic competitiveness.
The are bankrupt…its just matter if someone should go to jail
As a Malaysian, I can confirm the CCP had been strong arming into South East Asia not with guns but with money, developing countless useless office and residential condos that flood the market and create a glut, pushing prices down and causing mum and pop investors to lose their savings. Many of these office spaces still sit vacant to this day rotting away in obscurity.
They're already bankrupt. Chinese officials are secret "owners" of the properties that's why CCP is still funding it keeping it alive…
🤡
Kind of tells you all you need to know, that I covered this in great detail almost 9 weeks ago – and went from 8 subscribers to 200 but NONE of the conventional medias will touch the TRUTH rather than the propaganda.
Nobody knows about the slavery, the human trafficking of women from the countryside, the blackmailing of WESTERN COMPANY CEO'S via their failed real estate portfolios in China INCLUDING prominent politicians currently serving. Nobody hears about the genociding of millions of Uigur Muslims which is as bad as the genocide of the Jews in Germany. Nobody hears about the families forcing their daughters to prostitution for decades in order to pay their retirement or for the sons education.
NOBODY HEARS ABOUT HOW CHINA IS AT WAR WITH AMERICA DIRECTLY, or how they own Australia.
Where is all that news mr big channel>??
" positive equity " lmao. That right there is the problem. Borrowing credit=debt off an unrealized gain, leveraged with little margin for era that is based off a speculative presumption of perpetual house prices. growth. WHAT COULD GO WRONG lol. Tunnel vision & some. GREEEEEEDD's
Country Gardens is a symptom of a badly failed nation horribly run and an incompetent corrupt government run by White Feather Man. Its demise will be welcome news to its victims. Wolf warrior my ass. More like the rear end of a jackass.
A property developer admits that's they don't understand how basic supply and demand work 😒
Also, I like how NOW the government is supporting the tech sector. Until next time they decide they're going to interfere again lol
Developers the world over do the same thing.
First phase buyers fund the construction of later phases.
When interest rates rise and potential buyers postpone buying, the construction stops.
So much of the cost of any development in a desirable area, is the cost of the land.
I really hope Country Garden goes bankrupt!
That should just about be enough to finally push China's economy down the toilet and into the sewer.
Imagine my surprise when I found out that before the economic implosion in Japan total property value around Osaka alone was higher than the entire state of Texas…
Don't Buy. Don't Push CASH to Housing Project. NO MONEY $$$$$$$$$$$, will run out
MALAYSIA is protect their people, NOT CANADA go after Foreign Investors (FRAUD, MONEY LAUNDERING, GREED, CORRUPTION = Mortgage Loans Application) = Liberal Governments (COVERY THEIR EYES, pretend they don't know – Cover Up Audit)
One word >>> Greed
It's gonna be tough for the Chinese people in the next couple of years. The huge demographic shift and the flip floppy nature of the CCP makes it even harder to get out of this slump.
I hope this is the straw that breaks the camel's back. Jai you! 😊
when the starving chinese elderly, bankrupt and unemployed start eating their dead, that will be the sign that Xi Jinping / communist china is finished as a national. Young chinese stopped getting married and having babies 10 years ago, so its mathmaticallt impossible for their to be a young work force in 20 years, their population is close to collapse
All these news arent really news, we already know country garden was in trouble.
Still thinking China is like the West ha
Most Ponzi schemes hit a brick wall. In country garden case, they built their own wall
The Apartments they Build, are Not even Finished, like you see in the USA. They put in Fake Fire Systems, and Fake Drainage, and they are built horrible, siding comes flying off.
This was very interesting 🤔
Most of China’s buildings are made using Reinforced autoclaved aerated concrete (Raac) with a lifespan of 30 years before it collapses. By the time the citizens have finished paying off their mortgages the buildings are ready to come back down.