Foreign Affairs

TexasTowelie

(116,811 posts) Sun Jun 2, 2024, 07:21 AM Jun 2024

China in Deep Trouble as Property Prices Crash, Stimulus Increases Risks & Banks Face More Losses - Joe Blogs

0:00 Intro
3:18 STIMULUS MEASURES
7:25 NEW HOME PRICES
8:49 LOSS OF CONFIDENCE
10:01 UNSOLD PROPERTY
11:06 INVENTORY TO SALES RATIO
14:37 SHANGHAI
16:43 MORTGAGE RATES
18:50 S&P WARNING
22:12 CHINA VANKE
23:22 SUMMARY & CONCLUSION

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China in Deep Trouble as Property Prices Crash, Stimulus Increases Risks & Banks Face More Losses - Joe Blogs (Original Post) TexasTowelie Jun 2024 OP

I just saw a Reddit post about a hotel employee..... wolfie001 Jun 2024 #1

wolfie001

(3,647 posts)

1. I just saw a Reddit post about a hotel employee.....

Reply to TexasTowelie (Original post)

Sun Jun 2, 2024, 08:22 AM

Jun 2024

......working 24 hours straight shift. 160 hrs a week for under $1.00 per hour (.86 cents?). Another person replaces this person after the shift is up. He/she was saying they wanted to run away. Small town somewhere in China. Not sure what the future holds for China but it doesn't look positive. I think Xi wants to look abroad and focus their attention on propaganda.

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