RE: RE: China Economic Growth and Your Thoughts on China's Future
You are viewing a single comment's thread from:

RE: China Economic Growth and Your Thoughts on China's Future

Words
127
Reading
1 min
7y

Hi futurekr@futurekr, deathcross@deathcross

For past few years China has been focused on delivering hight GDP.

Most of that GDP comes from construction sector, which has been doing very well for very long.

Unfortunatelly China reached point, where there is no more need to new properties, roads, bridges. Huge ghost cities have been build everywhere. Construction companies have been receiving loans from banks, which have been told (by authorities) to provide all those businesses with required loans.

This is indeed great number manipulation. Imagine running company, which is building houses and those houses are being empty. But you (as a developer) are building more and more, providing people with jobs and enjoying unlimited loans. How long could you continue before your business would have to stop?

Cheers
Piotr

@crypto.piotr: Hi @futurekr, | Ecency