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Posts: 5156

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Q: Do Chinese realize what's happening to their economy?

I see more and more vacant store shops. Administrators are flustered about penny pinching

 

Lying about their numbers is coming back to bite them in the ass

7 years 11 weeks ago in  Family & Kids - China

 
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When i was a kid everything cheap wasade in Taiwan
in the 80s more was made in Japan....then came Korea's turn.
followed by China and then India.
ive skipped over a few i know . but the gist of it is China's cycle is coming to an end

Englteachted:

Those other countries were able to turn their chances into something sustainable but China refuses to truly  educate their population. 

7 years 11 weeks ago
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ambivalentmace:

I still have my original tools i bought for my first car in college and the tools say "made in Taiwan", good memories and the tools still work.

7 years 11 weeks ago
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RandomGuy:

One major difference is that by the late 80s when Japan was were China finds itself now, it was already a first world economy with a sustainable middle class and an average income of $42000/year. In China, the average national income is $8000, and tops $14000 in a handful of tier-1 cities.

 

Other differences include education, Japanese were highly educated and 'worldly' in the late 80s, most Chinese nowadays are still peasant-minded and ignorant as one can ever be. Japan had the 'Cool Japan' already as a stable and strong soft-power industry, still on par with that of the US nowadays, China has virtually no soft-power and is globally seen as an uncool authoritarian country, none of the things that trend in China are known at all anywhere else. Japan has some bad pollution back in the 70s but nothing remotely on par with China, they didn't ruin their soils for the next 200-300 years. Etc... lots of other comparisons that mean Japan was better off when it stalled than what awaits China.

 

But most importantly, Japan was a democracy back then already, when the economy stalled, the right wing was voted out after nearly 30 years of monopoly at the parliament, Chinese people won't have such luxury when shit hits the fan.

7 years 10 weeks ago
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7 years 11 weeks ago
 
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Posts: 7204

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When i was a kid everything cheap wasade in Taiwan
in the 80s more was made in Japan....then came Korea's turn.
followed by China and then India.
ive skipped over a few i know . but the gist of it is China's cycle is coming to an end

Englteachted:

Those other countries were able to turn their chances into something sustainable but China refuses to truly  educate their population. 

7 years 11 weeks ago
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ambivalentmace:

I still have my original tools i bought for my first car in college and the tools say "made in Taiwan", good memories and the tools still work.

7 years 11 weeks ago
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RandomGuy:

One major difference is that by the late 80s when Japan was were China finds itself now, it was already a first world economy with a sustainable middle class and an average income of $42000/year. In China, the average national income is $8000, and tops $14000 in a handful of tier-1 cities.

 

Other differences include education, Japanese were highly educated and 'worldly' in the late 80s, most Chinese nowadays are still peasant-minded and ignorant as one can ever be. Japan had the 'Cool Japan' already as a stable and strong soft-power industry, still on par with that of the US nowadays, China has virtually no soft-power and is globally seen as an uncool authoritarian country, none of the things that trend in China are known at all anywhere else. Japan has some bad pollution back in the 70s but nothing remotely on par with China, they didn't ruin their soils for the next 200-300 years. Etc... lots of other comparisons that mean Japan was better off when it stalled than what awaits China.

 

But most importantly, Japan was a democracy back then already, when the economy stalled, the right wing was voted out after nearly 30 years of monopoly at the parliament, Chinese people won't have such luxury when shit hits the fan.

7 years 10 weeks ago
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7 years 11 weeks ago
 
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"I see more and more vacant store shops"

 

You can see the same in EU and USA, too.

 

Penny pinching is in their nature/tradition. Not much different than 'choppies'. It's always interesting how they 'penny' at new Contract offers....LOL

World economy is in reset mood. Fiat is going down the drain. Precious metals (bullion) rule!angel 

IMO, of course!

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7 years 11 weeks ago
 
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Shifu

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Watch the countries Taiwan's lady president is visiting​, right this week.

 

Xi isn't stupid either, CCP tried to penetrate these countries a few years ago.  It appears they figure out what is up China's sleeve in time. The timeframe is.....remember that guy from Peru who came to China for a short stay, who said he didn't like dalu girls and wanted Peruvian girls? CCP's failure with their high speed railway plans there signaled their failure. 

 

God or no God, it looks like these countries are somehow blessed, being spared from dalurens' invasion.  Chinese commies are million folds worse than the worst capitalists mankind has ever known.   Peter Navarro got it right, china practices perverted capitalism. These perverts have neither democracy nor religions. They don't respect life --- any life.

icnif77:

She got visit yesterday by 'Liaoning' and whole fleet. Flyovers and all work in Taiwan strait.

7 years 11 weeks ago
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earthizen:

What do you expect from perverted thugs when bribery doesn't work?

7 years 11 weeks ago
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7 years 11 weeks ago
 
Posts: 1297

Governor

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The chinese lady i know tells me she has and is investing in houses land property in the USA because she sees the chinese currency and financial future wont last long so she is being wise and not depending on the chinese economy any more.

philbravery:

her and thousands like her. What do you think China will be like to live in about 10 years time?

7 years 11 weeks ago
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Englteachted:

Thanks to people like her it costs 7.25rmb to 1$ when buying dollars in China

7 years 11 weeks ago
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cub:

phil, if u were in her situation see what was or is going on would u stick around and lose your hard earned money? And@ englteached, be very honest with yourself and admit u would also do the same as she is doing after seeing that the propped up chinese currency and economy cant keep up a fake front. Its called SURVIVAL ok?

7 years 11 weeks ago
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icnif77:

'cause US$ is that much better ... Gold (oz) is hitting US$ 1200, 1199.69 to be precise or in other words 'Wive me, dine me, 69-me' 

7 years 11 weeks ago
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philbravery:

ohh i agree with you. China is going to take a big step backwards in the coming years and will not be a good place to be for anyone Chinese or foreign

7 years 11 weeks ago
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7 years 11 weeks ago
 
Posts: 5732

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the chinese have propped up the economy with stimulus, cheap labor, bubbles, so the average young person has lived almost a generation without a downturn and since they are so isolated, they believe downturns don't happen and they are smarter than all the other countries, they believe their own hype.

 

sadly this will make the downturn and slap of reality really tough when it comes and the longer they hold it off, the harder it will hit, the idea that they can gradually go through this depends on the rest of the world cooperating with the scam. I just don't think that is going to happen. It reminds me of the bankers in 2008 with mortgages who thought the good times had not even started yet and things were going to be even better.

icnif77:

Bankers didn't think about better times ahead of 2008 ... they sold mortgages to sheeple. Today, they might say 'we didn't know ...' mastards. Jail them all!

7 years 11 weeks ago
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7 years 11 weeks ago
 
Posts: 1095

Shifu

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The average Chinese does not, only a handful of middle class and wealthy people realize what's coming over the horizon and are taking their money out. But still, it may be no more than 1% of the middle class who realize it, and it's not easy to get rid of these apartments that they bought years ago and are now falling apart that no one wants to buy from them.

 

I know a few who hoped to sell to Foreigners and get the hell out, but I told them no Foreigner is stupid enough to buy at current tier-1 prices a concrete box that's falling apart, especially Foreigners know what's coming over. The same people are still asking me whether I know someone who can buy from them, proof that I was right.

 

Which means most middle class folks are stuck in China with physical assets they can't move abroad without selling, and that no one will buy from them. When shit hits the fan they will lose everything.

 

The smart ones sold long ago and converted their fixed assets in easily transferable or moveable ones, these are the 1%.

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7 years 10 weeks ago
 
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A lot of long-term expat have fled. In my city, there are only a handful that have been here more than give years. The rest obviously look at this city as a revolving door... 

 

If you invest in China, I highly suggest doing so in much lower-tier city. Paying the prices for Tier 1 or even tier 2 apartments is just pure insanity. I mentioned this in other posts but opting for lower tiered cities will gain you more perks now than every before. 

 

To summarize: 

 

- you are more appreciated

- you get more points towards the Chinese work visa grading system (supposedly)

- the cost of living is much lower

- it is easier to gain favorable connections

- smaller cities now have many luxuries of the larger cities

- there is room for growth in business, ESL markets are so saturated

- laws regarding foreigners can be bent or is not quite so enforced as in larger cities

- people in these cities have gotten a lot wealthier, and want their children to study abroad (they will pay greatly as the supply far exceeds the demand for quality teachers... far more than you would make in a training center)

 

dom87:

Probably 2 things:

1. As expat it is not really easy to find a good paid job in the small cities. ESL Teachers are surely more flexible than other expats but even for esl the salary wont be great in the small cities

2. if you salary is not that good (most esl teachers have not very high salary), how do you afford a house even in the small city? Remember, you will not get any loan as a foreigner.

7 years 10 weeks ago
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Robk:

That depends on you. I know an teacher here making just as much or more than someone in Beijing with much lower living costs. He tutors on the side and can charge basically whatever he wants... there is really no competition. One of the perks of a smaller city. Yes, you will get a loan if you are married to a Chinese national. 

7 years 10 weeks ago
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7 years 10 weeks ago
 
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Shifu

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This kind of thing happened in the 60's. Set China back a 100 years. The rich are educating their kids overseas. All that money is leaving China. I'm just trying to get points so don't read too much into what I'm saying. But China is now a very strong capitalistic country. I think most Chinese people like that, so the government will have to change the economy. I think  most Chinese know this. History will repeat itself (the 60's)

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Answer of the DayMORE >>
A:  "... through ..."?  Only "through" comes to mind is "S
A: "... through ..."?  Only "through" comes to mind is "Shenzhen agent can connect you with an employer, who's authorized to hire waigouren ... and can sponsor Z visa." It's not like every 10th person you meet in Shenzhen's hood can sponsor work visa ...  The only way to change from student to labourer visa is just a regular way by: 1. Finding an employer, who'll apply for an Invitation letter; 2. Exit China and apply for Z visa in your home country's Chinese embassy; 3. Enter China in 30-days after Z visa was stamped into your travelling instrument ...As I am aware, you won't be able to switch to Working permit by remaining in China....,so make ready for a return to your home .... -- icnif77