Valin Posted March 31 Share Posted March 31 New York Post Steven W. Mosher March 30, 2024 China had a good run, but it is now over. You know it’s over when 65 million homes — one-fifth of the nation’s total — lie vacant and real-estate prices have collapsed to 2018 levels. Tens of millions of Chinese plunked down their life savings for an apartment in a high-rise that they will never live in because the builder went bankrupt, leaving the building an uninhabitable empty shell. You know it’s over when China’s “official” youth unemployment rate reaches double digits, while its Ministry of Finance reports a 16% drop in personal income tax collected year over year. Given how the Chinese Communist Party (CCP toys with statistics, the real numbers must be much, much worse. (Snip) ____________________________________________________ Assuming this is true. This is when the PRC gets really dangerous. Link to comment Share on other sites More sharing options...
SDwaters Posted March 31 Share Posted March 31 11 hours ago, Valin said: Assuming this is true. This is when the PRC gets really dangerous. Definitely a "cornered rat" scenario. 2 Link to comment Share on other sites More sharing options...
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