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China Facing Economic Debacle

Posted on 1/25/20 at 8:43 pm
Posted by CitizenK
BR
Member since Aug 2019
9484 posts
Posted on 1/25/20 at 8:43 pm
Some background, all of the money "loaned" by various Chinese state banks where CCP officials skim a nice percentage off of the top then invest in Hong Kong real estate so it is tied to the US$.

Shiit's about to get real in Hong Kong.

LINK
Posted by viceman
Huntsville, AL
Member since Aug 2016
30688 posts
Posted on 1/25/20 at 8:45 pm to
quote:

Shiit's about to get real in Hong Kong.

LINK

Posted by jimmy the leg
Member since Aug 2007
34211 posts
Posted on 1/25/20 at 9:04 pm to
quote:

then invest in Hong Kong real estate


IIRC,

The comminist government basically took over half of the real estate in Hong Kong and placed it under total government ownership. That meant that the remaining property saw its value sky rocket. I would imagine that they saw a healthy return on their investment.
Posted by timdonaghyswhistle
Member since Jul 2018
16306 posts
Posted on 1/25/20 at 9:08 pm to
As soon as IB Chinaman gets out of quarantine, you are gonna get a good talking to.
Posted by RTM4
Pflugerville
Member since Apr 2018
1515 posts
Posted on 1/25/20 at 9:21 pm to
Well what do you expect when you have absolutely no environmental regulations, no workers rights.... hell you just do what you are told or go get organ harvested.

frick them and God help us all if it was a weaponized virus that got loose. They can't make rebar or concrete so I am sure they fricked up and let it escape.
Posted by CitizenK
BR
Member since Aug 2019
9484 posts
Posted on 1/25/20 at 9:42 pm to
It isn't even that, they have to steal the technology to make anything and get funded by funny money that doesn't even exist at all. Pretty much check kiting from bank to bank
Posted by RTM4
Pflugerville
Member since Apr 2018
1515 posts
Posted on 1/25/20 at 9:49 pm to
Absolutely.

Any wonder why World War Z was set in China? It was prophecy.

I really don't want this to get out of hand but maybe it will be a wake up for the Chinese government to get on board with health and environmental regulations.

Yes, and I will win the lottery and bed four super models at the same time. Wishful thinking, now we all have to pay for their stupidity.

Greta and AOC were right but it won't be global warming that does us in.
Posted by TigerBait1971
PTC GA
Member since Oct 2014
14865 posts
Posted on 1/25/20 at 9:51 pm to
The only reason why China isn't Africa is because they stole everyone's tech.
Posted by Lima Whiskey
Member since Apr 2013
19270 posts
Posted on 1/25/20 at 11:23 pm to
Virtue doesn’t seem like a common trait in these people.

But what does it say about their faith in China too?
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