Two yarns on China grabbed my attention. 1- Pigs "Hog farming,...

  1. 4,253 Posts.
    lightbulb Created with Sketch. 709

    Two yarns on China grabbed my attention.

    1- Pigs "Hog farming, like other Chinese sectors from homebuilding to electric vehicles, has in recent years prioritised growth and market share over profits, creating a surplus that has driven pig prices lower and is now crowding out imports.-- More huge losses are expected next year, putting China's pig enterprises under pressure to slim down their breeding herds and sell off farms, many of which are sitting empty."
    2- 100 billion ghost city Pic at top! "China's largest property developer Country Garden unveiled Forest City a $100bn (£78.9bn) mega-project under the Belt and Road Initiative - in 2016.At the time, the Chinese property boom was in full flow. Developers were borrowing colossal sums of money to build both home and abroad for middle-class buyers. In Malaysia, Country Garden's plan was to build an eco-friendly metropolis featuring a golf course, waterpark, offices, bars and restaurants. The company said Forest City would eventually be home to nearly one million people. Eight years on, it stands as a barren reminder that you do not need to be in China to feel the effects of its property crisis. Currently, only 15% of the entire project has been built and, according to recent estimates, just over 1% of the total development is occupied." Link BBC

    At least the top one is keeping people feed for a lot less perhaps?


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.