China’s Biggest Developer DROPS Prices By 30%! Others Giving Huge Discounts!
The real estate prices in China and Hong Kong are beyond high. They’re astronomical. They’re in a bubble and that’s finally starting to be felt. With everything going on with the U.S, the fear that the global slowdown is finally here, and rising interest rates will be the catalyst, prices are beginning to slowly stabilize. How will this scenario unfold?
Chinese homebuyers vent rage at Country Garden for slashing prices at two residential developments by up to 30 per cent | South China Morning Post
https://www.scmp.com/business/companies/article/2167365/chinese-homebuyers-vent-rage-country-garden-slashing-prices-two
Hao Hong 洪灝, CFA on Twitter: "Country Garden cut the selling price at one of its residential developments by 1/3. Those who paid full price smashed the sales office. Similar incidents had happened before, and will again. It’s impossible to remove “the guarantee of principal”（刚性兑付）in China.… https://t.co/NBUKOcg7pp"
https://twitter.com/HAOHONG_CFA/status/1048473629015465984?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1048473629015465984&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2018-10-13%2Fviolence-public-anger-erupts-china-home-prices-slide
Hong Kong’s home sales flop as market rout, higher mortgages deter residential property buyers | South China Morning Post
https://www.scmp.com/property/hong-kong-china/article/2168445/hong-kongs-home-sales-flop-market-rout-higher-mortgages
china bubble 1.jpg (1173×466)
Flash - Seeds of next global financial crisis being sown, top officials warn - France 24
https://www.france24.com/en/20181014-seeds-next-global-financial-crisis-being-sown-top-officials-warn
Angola secures $2 bln in infrastructure financing from China | Reuters
https://af.reuters.com/article/africaTech/idAFL8N1WQ2SH
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I still don’t think 🤔 CHINA 🇨🇳 built “GHOST CITIES” for nothing . I think thats going to be the NEW WORLD ORDER’s🌏 Headquarters . They’ve already moved the IMF to Beijing . I think the plan was the total destruction of the west , and then move to CHINA 🇨🇳 , and RULE from there like a new type of ROME or something . They can have the largest standing army in the world in a matter of weeks . Only INDIA 🇮🇳 can put up greater numbers . I see the rise of CHINA as a serious threat , and if she stumbles ........ GOOD .