Totally!

Was it you?

It’s not hard? Once you know, you know.

@@markgrech1866 no it was not

It was terrible, especially the editing. I stopped watching because this is just 20 min of cuts between stylized buildings and some randoms saying the dumbest cone liners before cutting to more useless buildings looking pretty.

You can "buy" property in China and it will be yours for 70 years, after that you have to return it to the goverment, thats why they all come buy in the western countries, they buy up blocks of appartments here and rent it out... there are even policies in my country now saying you have to live at the adress you bought for at least 5 years before renting it out to others, that crazy it has become..

I believe the general population does not have the option to buy stock investments. so, the only investment they can do is buying houses. The gov't and the builders got the people in their hands as disposables.

@@stephenc2481 No they can buy houses that they have to give back after 70 years (1 lifetime) so that's why they invest overseas, cars are not worth it in chinese traffic. Everything is government controlled over there. It's communism..

@@TheWuKeng That "70-year property rights" is just a misconception, it is just a matter of renewing the "rights" after 70 years; Chinese people buying bricks overseas because it make them feel stable and fulfilled, or it is just diversified investment choice.

@@al-tes At one stage they were talking about a fee of up to 1/3 of the property value to renew the lease though.

Why would these manufacturers have any troubles they should be super rich now and never have any troubles agian if there were so many buildings being build u selling Materials should make u super rich so if ure not u a dummy and got scammed by someone lol

Supply chain. The apartment buyers also work in this supply chain. They lose their jobs -> don’t pay the mortgage -> no money in the financial system to borrow/invest and this vice circle feeds over and over. The 1st phase is taking place now. There is no more money for the real estate developers to continue the Ponzi scheme. All construction being on hold.

There’s no lacking of housing in China, that’s the silver linings. Also the speculators who brought those empty apartments as investments are going to get burned. Those who brought the properties to live in, well they still have to live somewhere no matter what their houses cost. The ordinary people who were priced out of the market and really need a home are the winners in a big crash. I think that’s poetic justice.

The other sector is the building of infrastructure like roads, high speed rail, airport and etc.

Wait, what are your thoughts on the emerging crisis in China (mortgage payment strikes and systemic risk from fractional-reserve banking) and it's likely impact on emerging markets?

@@svengrot7943 Great question, I think it's a really interesting area and so many factors in play right now. I wouldn't let any macro news affect the way I invest at all, otherwise you'd probably never invest a single penny - but that being said, it's a reminder to be well diversified!

@@elizabethyork590 Emotion is the biggest enemy of investors. It’s one of the toughest things to control. I’ve paid the price also plenty of times and However, overall invstment ought to significantly improve your net worth so I had to work with "Katherine Duffy Burke ," whom is a fiduciary. She clarified my mistakes and enabled me to make clear progress.

@@blaquopaque There is only bad news out there but yet stock prices are up which shows that even though the market is meant to be forward looking it is clear the string results are the only things they are interested . Also, i searchon Katherine using her full name and found her official-onlinepage, read through her resume and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

The world isnt decoupling from china, the world just CANT, just like europe just CANT break away from the Russian gas and energy supplies. If u cant see that then u shouldnt comment on this topic.

Adv China has a great few videos on the lack of any enforced Chinese building codes...if China has any building codes...

Tofu Dreg buildings

Paper Buildings, no wonder China is called a Paper Tiger, lol

That’s,, “made in China” for you!

10 billion iphones have exploded. Killimg 3 billion people All made in china

It got nothing to do with greed and everything to do with government fund/credit to keep a bubble alive, giving illusion of prosperity. This is the future of every single economic bubble. Fiat money and government control of interest rate are the problem. It's amazing how nobody talks about the greed of federal reserve guys, or the ecb or pboc bureaucrats.

Classic state funded corruptive communism.

​@@swagatopablo It's not that nobody talks about them, it's just that nobody listens

@@davidcarlsson1396 yeah because this is all "communism's" fault. Anymore brilliant takes?

@@swagatopablo Greed plays a factor too, that credit was taken out to amass fortunes into the future.

Only if I had more time to play around in the market, retirement is around the corner and my primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, I'm having serious anxiety.

@@claraclouse9086 I agree with clara, I have been pretty much on the sideline observing for awhile, figuring out the best strategy to get in, until I came by a coach, commended by a pundit on Reddit, reluctant at first but I went ahead and reached the coach, long story short, it's over 3years and counting and I've made over 1.5million simply following the guidance of my coach.

@@bobbymainz1160 my 401k lost everything it’s gained since early 2019. wouldn’t mind looking into the advisor that guides you, I believe the best way to beat this recession and inflation is to earn more.

@@joesphcu8975 The coach that guides me is Eileen Ruth Sparks, it shouldn't be a hassle finding her, she's quite known among her peers, so just search her name.

@@bobbymainz1160 Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so I booked a call to discuss with her.

The market is a zero-sum game, there are good days, and there are bad days. However, always follow these tips: Study the charts thoroughly; Make sure to diverse your portfolἰo so when another is down, the other will be up. You can do so by getting an experἰenced specἰalἰst whose platform has dἰverse investment choἰces to choose from. Lastly don't put what you can't lose. By doing this, you gἰve lἰttle room for regrets and perhaps gain more.

@@buryatiaducky4233 Great tips. Generally, diversification is a key factor. Pragmatic... I have been into all of these for some time and though I won't say I have lost a fortune, I have squandered quite a lot... Do you mind recommending a specialist whose platform has diverse investing choices? I anticipate your response.

@@buryatiaducky4233 Exactly! This whole thing is a zero-sum game.

@@buryatiaducky4233 This is the second time I am coming across that name Sandra Yvonne Webster last Tuesday, I saw a telecast on the economic bubble there were lots of testimonies from her clientele on how her strategies turned them into miIlionaires overnight. The testimonies were so impressive and sounded too good to be true. I am a bit skeptical, though she's one of the oldest around. Do you work with her? Thanks if you reply.

@@buryatiaducky4233 Nice one. I study the charts thoroughly. 2 -3 months back.

Makes sense, housing bubble happens for decades, some people forget about these.

Shopping malls without shoppers. Cities without citizens.LOL!

royalty tax is 100% liquor/tobacco is roughly 70% when you pay for products. the tax is already with in the price of said product even a pack of "Huangshan" cigarettes which is common among peasants/low labor workers are now upto 8/9 rmb a pack! where the true value is/should be 4-5 rmb .. this is a 2nd Tier city ,capital of Anhui,Province 1 bottle of maotai costs 5,000 Rmb.

also, land lease is 70 years not 99 years. however, parents can opt on 'reselling' to their kids 'on paper' of course. then they take it for another 70 years. unless the government has plans on deconstruction which was too common in 2010

The Chinese government discourages stocks as an alternative investment strategy with its heavy limits on available shares and projects that traded companies are allowed to undertake.

I’m only surprised by how ppl in the west cares so much about a 300 billion USD debt company, Evergrande. It’s like none of these westerners have a clue of how tiny 300 billion USD is in front of a 15 trillion USD GDP economy. These so called reports are no differences from the China collapse theories.

Another important factor us that the quality of the building is garage, even they call the tofu buildings, they start to fall apart after 5 years, sometimes less, and there is maintenance whatsoever because they thought they just could buy a newer one... so yeah, not only there is a lot of real estate vacant, in the middle of nowhere, but also completely dilapidated to the point it can't be used

@@dongxuzhou4661 You need to look at economics and finance. Lehman Bros. in the US actually had twice the debt, but in a larger economy. That crisis spread worldwide very quickly. It was also about property values and leverage.

They probably also wanted to encourage Chinese investors to buy real estate in China rather than buy in the US or other countries. I knew one Chinese community college student who owned several properties that he bought cash with his father’s money. The government would prefer that money stay in China but that currently doesn’t seem like a good idea, to say the least.

Auditors can *sometimes* detect *obvious* fraud and *obvious* regulatory non-compliance. I find it absolutely laugable that people think that a business is sound just because it passed an audit. The clever people at the centre of complex transactions can be very confidently incorrect, and there's simply no way that a small team of auditors will be able to find that error.

They hire people unable to grasp the complexities of such subterfuge and send them out to audit businesses.

They're pretty good at detecting minor problems, it's only the big things they tend to miss. Also, it's not their job to predict market bubbles--if they could do that kind of magic they'd be in a more lucrative business.

Weird how they are only able to retroactively detect malfeasance in their audits, and that they're not able to predict unprecedented future events!!

Chi Na people are so funny

It’s quite simple: they don’t think long-term. If you can secure 5-10% growth during a two-year tenure and then get promoted, who cares what happens in 5 years?

umm. have you noticed that there are companies that have lasted from around and many times even before WWII? some people do actually learn. however, 50% of the population has an IQ less than 100. take that as you will.

Well so as US stock market, which is now collapsing.

@@andreaskallstrom9031 Yeah the mindset to make quick money. Prevalent in China.

@@jonathanodude6660 , and they are mostly senior managers and above!

Isn’t that message a bit late?

@@jasperhorace7147 it was at least two to three years ago.

The ccp has been saying it since 2013.

How naive to believe the thin veneer of communist propaganda masking the world's most exploitative capitalist economy.

Is that an important message? Clearly it made no impact to stop the bubble

loans and debt are based on buyer but also in many cases require another family in case you can't pay your debt. they then go after whomever they can find associated with you.in the last resort.! they post your ID /Photo/real world contact and ID on big posters usually at bus stops .

Access to good information is what we investors need to progress financially and generally in life, this is a good one and I appreciate...

I engage in different prolific investments such as Launchpad IDOs, Crypto, Stock & NFTs through Amela Friedman, proper planning and management of a widely known investment professional like her; I've acquired $72k as a result so far working with her.

This is not the first time I am hearing of Mrs Amela Friedman and her exploits in the trading world but I have no idea how to reach her.

@@tracynguyen726 You can communicate with her on telegram, with the Username below

@@tracynguyen726 Investwithamela✔

You always need a enemy on TV

#ChineseVirus still spreading though.

It will come back to hurt us. Evergrande started to come back into the news and it isn't looking pretty.

Thanks man

I watched all the parts and the conclusion is that China is just a Pathetic Paper Tiger.

PolyMatter really is just repeating nonsense. For complicated financial issues it’s still best to listen to economists. They don’t guess right often but still closer than people that don’t get it and just repeating nonsense

Polymatter's 4 part series was very good. It broadly explains the finance mechanisms used by local governments, demographic problems, their water problems and more. It's a really good place to start if you're interested in understanding China more deeply.

Once they figure that out then they have to tell the rest of the world how to do it.

They have been rather successfully with the rural country side,including massive transportation schemes, cadres to deal with poverty and their belt and road initiatives. I think they have it pretty well figured out tbh.

@@nigelcheriyan5693🤏😢😥😰😭🥵

@@nigelcheriyan5693 right on! You hit the nail right on its head...Those smart a_s comments of haters were after the facts. They got a sickly kick out of bad mouthing China, the world 2nd largest economy for HER tremendous success, which was not seen in past human history.

Right on! You had the exact same thought as the Chinese gov. They call this program “Rural Revitalization”, which is part of their strategy to deal with overproduction and global economic downturn, in addition to the Belt and Road.

Yep, good Talk. 2022 will be a rollercoaster for sure. Stocks valuations are at an all time high while at the same time we have the threat of inflation, rising interest rates and supply chain and productivity issues to deal with. Something is going to have to give. I think it will be the Markets that will have to correct. How much and when - who knows. Sanity hasn't prevailed in this bear market and I suspect it wont prevail in a correction/crash.

I hope everyone have their cash ready to jump in at the right time. Secure your financial future with calculated moves. The stocks market still remain your best bet in becoming a millionaire.

in order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Nicole Ann Sabin" whose skills in portfolio diversification are unmatched and client-centered

@@marianparker7502 The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look up, lucky i stumbled on this thread.

What I don't get is why apartments cost so much when there's 90 million apartments unused?! The system has failed hard...

that's how communism works, lol

@@jakeheez That's a crucial part the did not mention in the video. Real estate has been one of the only market where normal Chinese people could invest in. So it's not only those property developers taking out huge loans but also a massive amount of average people who would also ask family members or friends to leand them money. They were banking on flipping the apartments for a good profit and it worked for quite some years This was a major part of overheating the market, and the demand of migrant workers was only the kindle for it.

Same here in major cities of India. It almost takes all of your life savings. I am in 30s and actually have got an apartment from my company. But the day I will retire I know I cannot afford to buy the same house in my city. It can be possible only if I keep working till my 60 and invest my money in focused way to achieve this goal. It sometimes pains me to see so many people working so hard all of their life just to get a roof over their head in the end. However it is also true that may be this dream has a great meaning and value which keeps people awake and get going inspite of every kind of challenges around them.

@@RN-yo4qm lol, china don’t really run on the communist system.

But those high speed railways really boost Chinese economy without doubt.

Tiny compared to Evergrande alone, but dwarfed by the entire real estate market which is almost entirely in trouble

Ehh. In China, high speed rail is a government service much like a public hospital is a service or US military is a service. US military consumes a lot of money yet no one bats an eye.

@@dseven8756 exactly Railways underused are still used But empty flats are total liabilities.

@@dseven8756 yeah definitely. Enough to get close of offsetting losses? I don’t think so.

@@philipcooper1636 *Mary brigid Mullin* she is amazing. you just need to look her up

@@richardmadison9670 Thank you very much, for the heads up

To be honest, my diet is shite as a student yet the muscles still are growing at a reasonable pace.

@@frenchonion4595 I hear most countries are pursuing expansionary policies nowaday.The US and EU are champions, but many other places are doing it. I wonder, though, how much of that money in chinese real estate comes from the US.

@hognoxious You miss the part where the people are usually compensated.

You can renew the 70 year lease for a registration fee ranging from 1% to 20% depending on local policy

@hognoxious There is no private land ownership in China. There's no way to own it. You can only extend the lease.

it's literally manifestation of a bubble in physical form, buildings will start to crumble on their own.

@@pinzazzzz LOL! Pennies on the dollar!

Loved that line. First answer was " opportunity "

Greed trumps integrity. People will just do anything for some profits. I don't invest with countries who are on the bad side of the human right scale.

@Zack Smith ...it is not funny to see people suffer under dictatorship or communist controls. But no one is stopping you from investing with them. Good luck to you.

@Zack Smith .I have lived in a communist ruled country and are currently living in the USA. I can promise you that the poor in a communist (including China) country cannot be compared to the poor in the US. The standard for comparison is different. The US has way higher standards, 15 times better vs China. Folks in the US get rental assistant, food assistant, free healthcare, free education. But why didn't all of them get out of poverty? that is another discussion in itself. The opportunity is there, they just need to take the initiative (not counting mentally ill/drug users). Under communist, the poor is shoved out of the way so the land can be developed, and the people don't have much voice on it. As for the total welfare equality, lets take China as example, because they arguably has the best among the communist countries. The poor doesn't get the same treatment as everyone else. Job placement, healthcare, and other benefits are heavily corrupted. You have to bribe your way to get good service. In the US, you get safe (not cutting corners) services the same way, for everyone. Of course, the rich can go one step up, by having their own private doctor. That doesn't count. As for privacy, there is none in China. Freedom of speech, none in China. Everyone is constantly watch and cannot say anything political, especially against the current party ruler.

I'm laughing about it. If you invested in a Chinese dictatorship you deserve to lose everything. Wall Street only cares about what it can skim off the top.

Totally agree, ppl in Communist China have little human rights. Look at their ridiculous zero Covid policy…..

I can sum it up with more clarity without all the rambling… DECEPTION!

The farmers were evicted off their land if they didn’t go along with the proposal of a better life in the cities. Sad state of affairs that place!!! The Pooh bear communist party leader will never come close to the intelligence of Russia or world dominance of the USA, China will only ever be a population of copycats and immoral behavior…

Ludicrous. You have learned nothing from this video about leftist central planning.

Such a great statement! I like when finance and reality go hand and hand.

Summer buddy, it’s starting, I’m seeing a future now, and it won’t be good. Yet, there’s money to be made.

@@thinhngo7244 How are you going to make money?

It's just waiting to collapse. The absolute collapse of Evergrande is not happening yet, it won't happen overnight but gradually it will lose bricks and it will fall catastrophically with the economy on a free fall.

@@infinitrixtv5847 cope

China has selected instead of letting it all collapse at once to have it effect their economy over the next 50 years. Long term stagnation is in the future for China.

Probably using Average pay instead of median. The Wall street types pull the Average up significantly.

@Alex Haughton could be, but I live in London and have seen houses a 4 million pound. Pretty good mortgage.

@@franciscojavierruizmanchon8177 they said apartments

NYC median income is $67000. Median home price is $650000. Pretty simple math. Just check the census bureau's data.

@@basilmagnanimous7011 Cool story, but I don't see anyone here who asked about that.

Yes, and they also didn't mention the form the bail out of Evergrande has taken: SOEs buying it up in pieces, under Xi's orders.

When you're broke, the particlar currency does't matter Zero is zero in dollars or renmenbi.

@@gaoxiaen1 But it does matter. You can skip paying RMB to 500 cement companies for 30 or 60 or 90 days, and they might get mad at you, but mostly no one will notice. Or you can skip paying $-denominated bonds, and the whole world will find out within minutes, literally minutes.

Steak 🥩

Hahahah yeah being "bad" at audit is actually one of the features dodgy companies pay for

jajajajaj

Agree.

In the longer run, properties would just go up. Of course, disruption to growth happens all the time. I own 8 properties. I know... Lol

"AMERICA HAVE NO IDEA WHAT'S COMING.." (2022)

@@ociiu its simply not true, it only keep going up now because the boomers havent died yet. Once there are less ppl in the west our prices will also fall.

So far, the prices in the Chinese property market have not dropped significantly. In theory, they do not have to drop. China could grow its way out of the problem. At 3% growth, with flat property prices, China would reach American levels of affordability in ~30 years.

This is good work, solid.

Really u didn't see any fear mongering throughout this baked report

@@wickywak1 there are genuine concerns which have already required CCP firefighting and the stress testing of banks to any contagion. It has likely shaved off a few percentage points of gdp growth too. Now if we have further shocks like the Russia Ukraine conflict and the West goes into stagflation because of their horrible balance sheets, it leaves even less room for China to manouvere if any. If all the major economies fall into a serious recession, we are screwed.

Excellent point. The devastation is extensive. People who come up with such statements certainly comprehend the entire dimension but they prefer to fend off their concerns because they want to stay in the game / play, and they love it...

too late. The story of EVERGRAND is first known in 2020.

@@galecarp I'm aware of the timeline, I like the production, editing and composition, which you'd know about if you'd researched

@@PRAR1966 thx for sharing. TIMELINE is a good channel.

That's not what a Ponzi scheme is.

"AMERICA HAVE NO IDEA WHAT'S COMING.." (2022)

Does it?

But aren’t many of these properties empty? They are not let so therefore make no income for the owner at all.

@@jasperhorace7147 no, they are not empty. Not in places like xiamen or Hangzhou or Shenzhen. Well, maybe there are a few, brought simply as investments. But basically in china, developments are built and they eventually get filled. But on the whole, rents are low. I'm pretty sure that in a place like jiaxing, a prosperous town between Hangzhou and Shanghai, you could rent for maybe $200 a month. It would not be luxurious at all. Bit basic. But liveable. This contrasts heavily with western towns. In London it's impossible really to rent for less than $1000 per month...and that's for something small, on the outskirts in an iffy neighbourhood. Yet to buy property is relatively inexpensive compared with china, especially considering the wage difference. Basically property to buy in china is crazy overpriced, or maybe was overpriced before this correction. Rents are very low. It's a bit like, you can pay $20 a day to hire a Mercedes, or you can pay $200000 to buy it. That's the property market in china.

There's also not many good investment vehicles in China so it's all channeled into real estate.

@@jasperhorace7147 Those building they've shown were years ago or when they were still being built. Most of those are inhabited now.

Tell me. Is it coming again?

@@steveestebon2079 Do you read any newspapers that describe banks or other similar financial institutions that are in trouble today? How safe are you and your pension...

@@billjohansson88 yes

@C Those apartments were bought even before they the construction started, that is why a lot of buyers got left in the lurch when Evergrande stopped operations.

The founder is cleaning the toilets of the communist party .....

@@lliamjurdom9505 it's ironic, do you know how your "capitalism" works? cuz capitalism also use consumer greed as a tool, when money does its cycle faster then the economy will also growing faster this law is not exclusive to capitalism alone tho, but it's exist in every economic system that use some kind of money for transaction

economic growth in china .rely on other sectors, exports, tech etc mr genious

​@@andia968 The real-estate sector accounts for one-fifth of the total Chinese GDP. Therefore, the looming property sector overwhelmingly affects Chinese economic growth, adversely affecting other industries like the technology sector.

@@ryanhuang7945 The very interesting thing will be when the prices collapse. 70% of Chinese savings are in real estate. This is their pension and lifetime savings. Just imagine the prices come to a level orientating on the average income of Chinese people.😨😨 That’s a big 💥 then ….

@@johanhirte9661 I believe CCP won’t let the property price collapse, because that would undermine the social stability. But CCP may not bail out property developers, particular private real estate developers, so the whole sector would gradually go down over years.

Especially given drastic population decline real estate is doomed

Dude, ALL the money comes from the west. What do you think they are making in all those factories that all the peasants moved into the cities to manufacture? This is what happens when centrally planned idjuts are given trillions from westerners buying cheap crap from them. A giant Ponzi.

Less than you might think - China will not permit Chinese currency be exported. Chinese companies cannot pay interest to offshore holders of debt or equity. Tesla for example, can only export profits in the form of vehicles. Building companies can’t export anything to pay offshore debt (which was was why Evergrand was looking at car manufacturing). Evergrand was also using its developments in Hong Kong (whose currency is convertible) to pay its overseas debt.