crickey we better start a new thread $3 party, page-3

The following is from the Kiwi forum:

"I have been to China for couple of month and back to NZ at end of April. What I saw is China growth story may be coming to the end.

• In a tie-1 city (over 10 million population) which is not suffering COVID during my visit, 1/3 of shops down main streets are empty or closed. No one wants to lease the retail shops. Two major malls are in liquidity.
• In malls, almost all restaurants are running takeaway delivery business by Mei Tuan.
• I cannot see people in big supermarket (around 10-20 per visit). The size of the supermarket is bigger than any Pak 'n SAVE in NZ.
• Property market in Tie-1 cities dropped by 10%, some young people cannot pay the rent due to job cuts. Plan back to Tie-3 city for living.
• In some tie -2 cities, the apartment market collapses by over 70% in value, the villa in the fringe of cities dropped over 50% in value.
• Share market dropped by over 25%, all investors and financial institutions are losing confidence.
• The only sectors run well are new energy automobile, IT and healthcare & medication industry.
• Young couples delay to have babies, due to financial stress, living environment change or COVIS etc.
• The Chinese government is struggling with 5.5% annual GDP growth target. Lots of investment capital flows into Vietnam.A2 is heading to $2.75 - $3.5, if they have no any marketing strategy change."

So there you go - word from the coalface. Take it as you will.