Taiwan and China thread.

It could be at least an order of magnitude worse than the sub-prime bubble.

At least back then, the mortgages were against actual assets that existed :eek: . In China, citizens were taking out mortgages for properties that hadn’t even been built yet. To the tune of $100s of billions. All that has evaporated.
 
Wasn't there a huge thing about the CCP handing out billions of dollars to cronies to build huge ghost cities all over the country not too long ago? Cites that were built in the cheapest possible manner, but at huge inflated costs. Things like bricks that you can crumble in your hands, concrete that turns to dust, rebar that can be bent like rubber and using rubbish as filler.
 
Malevolence said:
Wasn't there a huge thing about the CCP handing out billions of dollars to cronies to build huge ghost cities all over the country not too long ago? Cites that were built in the cheapest possible manner, but at huge inflated costs. Things like bricks that you can crumble in your hands, concrete that turns to dust, rebar that can be bent like rubber and using rubbish as filler.
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I think that was Bovis Homes in the south of England :D.
 
watched few more of those vids from what i gather if sanctions are placed on the Chinese banks like russian ones cut from swift, it can be massive trouble for china. invading taiwan wont need a military response since sanctions alone should do massive damage?
your thoughts?
 
Cyber-Mav said:
watched few more of those vids from what i gather if sanctions are placed on the Chinese banks like russian ones cut from swift, it can be massive trouble for china. invading taiwan wont need a military response since sanctions alone should do massive damage?
your thoughts?
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Are you ready to collapse the economy of all western countries? Because that's what you will get if you try that with China.
Hindsight is 20:20, more countries needed to back Trump when he was trying to pull out manufacturing from China.
 
Cyber-Mav said:
is this why china clamped down on crypto to stop people taking money out the banks and into crypto?
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Probably to stop rich chinese from moving their money out of the country. There is a limit (i think $50,000) on the amount of cash a chinese national can take out of the country per year. Crypto was probably one of the creative ways they found to move their money off shore.
 
Just to bring the Taiwan thing back on thread.
Why are the falkland Islands british? Yet taiwan cannot be chinese?
Hawaii? Alaska?
We could carry on but as far as I know China have claim to Taiwan and that is it.
I have china pals and we have had near fall out arguments over Tibet.
I still believe the world should let Tibet be Tibet and leave it alone and give it a place in the UN. They will always veto against war and that is a step toward where we should be stepping. People going to xyz but why does China not have the right to expand as it sees fit as the US has done?
 
Rroff said:
Seems to be cooling off a bit at the moment - but I wonder if this will end up a replay of Ukraine in some ways with China increasingly ramping up "exercises/drills" year on year.



Problem is you've already put people in a box and can only ever see their posts through the filter of that preconceived notion of what their position is - often seeing malice where someone is merely commentating, etc. (though I have a hard time believing it is innocently done on your part rather than trolling for amusement).
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These threads would be a lot less messy if you, Allnamestaken and Happyhippos put me on ignore.
It's usually the same handful of people who don't address the point in my post but rather look for arguments, so let's do everyone a favour and not respond to each others posts.
 
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