economics of 56 million peeps in china quaranteened

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what happens when china cannot afford to feed its people

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They start eating wild diseased animals like bats and giant salamanders.......

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what happens when china cannot afford to feed its people

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Usually they erect a great statue decades later that is eventually torn down

Very good question. Wuhan is already experiencing food shortages and of course price gouging.

The quarantined area is far greater than just Wuhan, but the metro area of Wuhan itself is more populated than LA county metro area (the most heavily populated area in the US). How the heck would we cut off LA and expect them to feed themselves?

And yes their overall economy is going to plummet. Who wants clothes made by people with some unknown virus, much less food, or phones you bring in contact with your mouth?

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An official at Zhushigang village, where the statue was located, said it had not been registered and approved, and had now been removed, People's Daily reported.

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A photo circulated on social media, which could not be independently verified, appearing to show the Mao statue being dismantled, with the legs removed and a black cloth covering the head.

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Go read some of the threads on the OT.

They got off light compared to the average American resident for violating similar HOA bylaws here in the United States.

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Go read some of the threads on the OT.

They got off light compared to the average American resident for violating similar HOA bylaws here in the United States.

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Just the idea that you would put up a statue that caused the famine of 10s of millions of people is so absurd in the first place

Zombie apocalypse is upon us

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The big silver lining is that a widespread, deadly plague and/or quarantine in China might finally pop the bubble on some of the inflated housing markets here in the U.S

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Explain this for us dummies.

China was already having issues financially. This crisis is the type of thing that can lead to collapse.

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Explain this for us dummies.

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Sure! Chinese people own an outrageous amount of property on the West Coast (entire neighborhoods around LA/OC). Much of what they own sits empty (hence, the push for vacancy taxes). At the same time, an enormous amount of delinquent homeowners (US citizens) are sitting in “million dollar homes” long after they should have been foreclosed. The banks are doing this to avoid tanking the market. The Chinese start liquidating, and I believe it will trigger a bubble burst.

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I'm not so sure that the "plague" would severely impact their ownership or investment, though.

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Large properties with US based management will probably not be affected. However, the Chinese own an absolutely head splitting amount of single family homes and small rental properties here. My husband’s early legal work involving fighting for tenant’s rights (yes, we are MAGA, and I’m a landlord myself, but my husband grew up homeless for a part of his tender years and we care about the rights of the poor). The number of Chinese nationals who try to get away with Chinese (very low) standards of maintenance and harassing rent-controlled tenants out of their units while they manage everything themselves from China is mind-blowing. Sometimes, they’ll even attempt to represent themselves in court. It doesn’t go very well for then the majority of the time. These are the people who will sell if their income is disrupted.