Things he says have collateral consequence which are hidden to you and me. Its irrelevant what the eventual outcome is.
Im just going to piggy back off of this and add a quick point. The Chinese local governments have been funding themselves with about a third of their revenue coming from real estate sales. The impending collapse or cooling off will have a systemic impact down to that level. The extent of the impact, who knows but China is not walking away from this unscathed. https://www.bloomberg.com/news/arti...ollapse-due-to-slow-economy-real-estate-slump
No actually it was on point. Rather than side issue of Taiwan. Although you had to throw in questioning the validity of their economic data which clearly shows numbers dropping draaaamatically. How do you account for that? Now before you go foolishly making a claim you can't back up, about their numbers - I can't either - remember we are talking about an economy (put aside who or what party controls it) of 1.4 billion people.
He can say whatever he wants to say. Can be his bad blood with Communist China and Hong Kong. Not sure what this has to do with ET.
It reminds me of Mao's agricultural revolution, where data gatherers were so afraid of getting shot that production yields were always high while a million people starved to death. There is no dissent in dictatorships.Things might have evolved a bit, but data today still reflects what government wants it to be. The only cracks in the facade in when there are challenges within the party. Today Xi seems solidly in control, so challenging economic data reflect his agenda. Foreign banks have rushed into China recently, but I can assure you that none will take the risk to openly question government economic data, positive or negative. The analyses they can muster will be sent back to corporate in western capitals who will quietly provide more accurate accounts of China’s true economic reality.
Stuck in the past. Ok your opinion. I could reply with mine but that is all we would be doing, exchanging opinions. I prefer to watch what is actually happening - economically. Fack politics - here there same difference.
For those who read 'Aftershock', it was predicted years ago the Chinese real-estate developers would go belly up causing a disaster in that sector, with the banks going under in China soon after. Looks like things are going right on schedule... As much as some people like to criticize the dooms-day sayers, it seems they got this one right.
Aside from the politics, Soros has been deeply bullish on China "financially" since 1998. With this post, he is just diverting attention away from his successful destruction America (financially). He is probably also hoping to add a little panic to china assets so he can buy more at cheaper prices. This is the way billionaires were made in his Russia and UK exploits. Assets over-extend...then state governments come in and nationalize for a period... then sell off the pieces to insiders at a fraction of their worth (See:HNA) and his much much earlier (American Aviation LCD) Its not really very odd or difficult for a communist country to nationalize large volumes of high-rise housing towers (a bailout of a builder is a backdoor way of doing it). Especially when the people taking the haircuts are the offshore bondholders. Soros and good friend Barney Frank were hoping to do this exact same thing in US back in the mid 2000s when China was holding massive amount of US bonds. https://www.cato.org/commentary/you-lose-soros-wins