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dazzling · 01-03-2011, 01:49 AM

The 65 million empty homes are of course owned, their owned in most cases by the Government agencies that financed this. The problem is this, 65 million homes is enough to house 200 million people they say, but where will the 200 million people come from? Unlike in most Western countries that have an increasing population, China has a one child policy leading to a decreasing population. So in effect, they can NEVER fill these homes. They are also continuing to build every month another 2 million homes on top of this. All for no-one.
The section of the population between 20 and 24 years of age will decrease sharply from 125 million in 2010 to just 68 million in 2020, a 50 percent decline in only 10 years....
http://www.businessinsider.com/chine...#ixzz19xaw5F4W
Now this is where it gets interesting, the construction industry in China accounts for 60% of the Chinese GDP. You dont have to be a rocket scientist to work it out, the minute all this construction of empty homes, empty offices, empty cities and empty shopping malls stop, the whole fuckin economy collapses. Whats even more insane is their financing this whole thing, by simply printing money from nothing....http://beforeitsnews.com/story/310/7...ty_Cities.html

This whole China fake economy is a train wreck waiting to happen....
The Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China as one of its top trade trades for 2011....http://www.telegraph.co.uk/finance/c...ion-bites.html

01-03-2011, 01:49 AM
dazzling Confirmed User Industry Role: Join Date: Nov 2002 Posts: 579	The 65 million empty homes are of course owned, their owned in most cases by the Government agencies that financed this. The problem is this, 65 million homes is enough to house 200 million people they say, but where will the 200 million people come from? Unlike in most Western countries that have an increasing population, China has a one child policy leading to a decreasing population. So in effect, they can NEVER fill these homes. They are also continuing to build every month another 2 million homes on top of this. All for no-one. The section of the population between 20 and 24 years of age will decrease sharply from 125 million in 2010 to just 68 million in 2020, a 50 percent decline in only 10 years.... http://www.businessinsider.com/chine...#ixzz19xaw5F4W Now this is where it gets interesting, the construction industry in China accounts for 60% of the Chinese GDP. You dont have to be a rocket scientist to work it out, the minute all this construction of empty homes, empty offices, empty cities and empty shopping malls stop, the whole fuckin economy collapses. Whats even more insane is their financing this whole thing, by simply printing money from nothing....http://beforeitsnews.com/story/310/7...ty_Cities.html This whole China fake economy is a train wreck waiting to happen.... The Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China as one of its top trade trades for 2011....http://www.telegraph.co.uk/finance/c...ion-bites.html Last edited by dazzling; 01-03-2011 at 01:59 AM..