The problem with China and what they need to do to fix the mess!!!!

Originally posted by DavoMagic: ↑

'There really should be much no moderation in the house price collapse in China because a value pricing point must be identified through proper market forces without manipulation'

That is a correction to the previous post bolded.

But China needs to tax property to rebalance the economy and provide funds for more manufacture of value products it does so well at a certain price point. Those rich property gainers need to pay up to a degree and provide a cushion/buffer to some necessary pain and prices must come down.

It is okay if property developers and the banksters get wiped out. That is fine, they are not fundamental to their society and economy anyway and USA's economy is about to collapse anyway so China needs to focus on trade with other countries as the USA dollar collapses and hopefully crypto eventually gets banned.

If China did this it would expose developers and banksters elsewhere meaning value gets a greater focus and China is in a stronger position to supply value and critical mass supply for markets looking for value

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So in the video it talks about youth unemployment hitting 20.8 percent. This is a problem.
This is a bigger problem than property development.

Youth unemployment is a bigger problem than GDP. China needs to forget GDP, it is a BS measure. Activity is important, hours worked by the masses are important, nominal GDP is misleading.

China strength is the size of its workforce and ability to mobilise them. Everything else is secondary and China above all has to keep the masses happy. The elite are not important. China would not prefer discontent not war.

It is important China ignores USA and its problems and focus on getting the youngsters working building products and services ignoring property.

One of China's biggest rivals is India in terms of population size. China needs to ensure China's workforce is the best and capitalise on that. Property development is secondary and China should not focus on USA nor the US dollar and engage with other countries which it is doing.

I think in the video it said China was no longer reporting a figure or measure. China should forget reporting GDP, it is a BS measure and focus on youth unemployment and hours worked by each of the masses and what they are creating. Consumers in Australia are paying far too much for crap products. We should be buying cheaper better products from China if China can reduce its property valuations and overheads in its production inputs so it can compete itself out of its problems.

The trouble with the youth unemployment is it creates generational issues and China could explode down the track. So his really needs to be nipped in the bud and give reasons for the youth to look forward and have babies and grow and develop increasing activity and hours of interaction and improved social wellbeing as a result

So if China gets sanctioned ignore those markets and compete in other markets and make them more successful!! China needs to become a leader and ignore the likes of USA, ignore the US dollar and crypto, where USA is becoming a fallen power.