China's 'Nightmare' A Housing Price Collapse; South China Sea; Australia-China - China Update

[TexasTowelie]

00:00 Introduction
00:12 South China Sea: Serious Incident
03:19 Australia-China
08:02 Chinese Economy: Property Crisis

[SWBTATTReg]

1. China has been a hot commodity for some time, speculators and others rushed in to take advantage of the

growth by leaps and bounds of the Chinese markets.

I hope that they weather this downturn like other economies have done, and not try to detract the world from their economic problems by starting an international incident. Perhaps more smarter heads are in China vs. Russia (I tend to think so).

This is similar, maybe not in scale or scope like China and its massive economy, but FL is undergoing some pretty hefty downturns too.

[Irish_Dem]

2. I don't know if there are smarter heads in China than in Russia.

Xi makes more and more mistakes regarding the economy. China's stock market has lost $6 Trillion
in the past three years. Foreign investors have been looking for a way out of China.
Going elsewhere in Asia to invest.

China is becoming more hostile to foreigners, and Americans are not going there to study or work
like in the past.

The Chinese economy is in serious trouble.

Xi refuses to listen to his own economists, who are risking their lives to speak out
about the tanking economy and what measure Xi needs to take.

The Chinese military has been strident, looking for war.
Xi wants Taiwan back badly and will eventually get it.

China is the world's second largest economy.
China has the world's largest military.

So there is no comparison at all to Florida.

China has allied itself to Russia, which has only hurt China.

China and Russia mistakes have caused western allies to become much stronger.

Seems like China is making some serious mistakes.
I know China wants to be the 21st century global superpower, but seems to be going
about it the wrong way.

[SWBTATTReg]

3. I wasn't reallly comparing FL and the Chinese economies on a one to one basis. I was simply just stating that

both economies are suffering from overheating. A similar condition in both. Desantis isn't doing so well in trying to temper the downturn very much either and you did make a few valid remarks about the Chinese markets. I view the Chinese and / or Russian markets as very similar somewhat to the Mexican/American markets, somewhat less of the Canadian / American markets. The Chinese markets though, is a huge consumer driven market, giant in size and slow to react, so if they (the authorities) are trying to slow the impact of downturns in the Chinese markets, but I think they're still learning and probably got caught unaware of how fast the markets turned south.

[Irish_Dem]

4. China market overheating?

My goodness.

This is simply not correct.

I implore you to get a better understanding of the Chinese government and people,
the tanking economy, and geopolitics.

And caution you to be wary of certain western investors' happy talk who
are only trying to cover their losses with ridiculous false commentary.

[SWBTATTReg]

5. Perhaps you too, should read up on it too. Most of the commentaries out there do state

that the Chinese economy is suffering from an economic slowdown. I don't where you're getting your information, but I wouldn't trust it. Here's just a few items I easily found...

Five reasons why China's economy is in trouble - BBC
Zero Covid is wreaking havoc. Covid outbreaks in several cities, including manufacturing …
Beijing isn't doing enough. Beijing has stepped in - in August it announced a 1 trillion yuan …
China's property market is in crisis. Weak real estate activity and negative sentiment in the …
Climate change is making matters worse. Extreme weather is starting to have a lasting …
See full list on bbc.com