“中国沉没” - The Sinking of China

[k1976]

HK’s Biggest Developer Sells Homes at Discount After Rate Cut​

Cullinan Sky
Source: Google Maps
By Shawna Kwan
September 24, 2024 at 9:36 AM GMT+8
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Sun Hung Kai Properties Ltd., Hong Kong’s biggest property developer, is marketing a new project at a 20% discount to lure buyers after a recent interest-rate reduction.

The company’s Cullinan Sky project in the former airport Kai Tak area was priced at HK$19,668 ($2,525) per square foot on average for its first batch, it said.

That’s about 20% lower than the stock in new projects nearby, according to Midland Realty.
Have a confidential tip for our reporters?

 

[k1976]

 

[JurongEast]

Cash-starved China local governments step up fines with 'grabbing hands'​

Property crisis and shrinking tax revenues force scramble for other income

 

[syed putra]

Panic Mode: Stimulus Blitz this week by People's Bank of China this week
https://www.bloomberg.com/news/arti...ees-banks-to-lend-more-cuts-key-interest-rate

• The PBOC will reduce the 7-day reverse repo rate by 20bps.
• The PBOC will cut the reserve requirement ratio by 0.5%, a move that will free up1 trillion yuan ($142 billion) in liquidity
• China may also cut the RRR further this year by another 0.25 to 0.5% at the appropriate time.
• The PBOC will cut the 1 Year MLF rate by 30bps
• The PBOC will also lower the rates for existing mortgages and cut the down payment ratio on second homes to 15% from 25%.
• The deposit rate will be lowered to "neutralize" the impact on bank margins.

This is good news.
Belt and road project will intensify. That includes hsr to KL. Thank you xi jinping. Thank you Agung.

 

[nightsafari]

Cash-starved China local governments step up fines with 'grabbing hands'​

Property crisis and shrinking tax revenues force scramble for other income

this is actually shocking. rest was expected. this will not end well. As a proud genetic Chinese, I don't really want to recognize the commie fucks in charge.

 

[nightsafari]

This is good news.
Belt and road project will intensify. That includes hsr to KL. Thank you xi jinping. Thank you Agung.

intensify your pundek lah. the fucking place is out of money. all they have left is Chinese ass. Good news for you.

 

[Dr Christopher Cheok C S]

This is good news.
Belt and road project will intensify. That includes hsr to KL. Thank you xi jinping. Thank you Agung.

intensify your pundek lah. the fucking place is out of money. all they have left is Chinese ass. Good news for you.

It was estimated that the cost of building was equivalent to RM110bn six year ago. They wanted Singapore to help pay for it.
https://www.straitstimes.com/asia/s...ter-azmin-to-lead-delegation-to-singapore-for

If i assume that the cost is RM150bn (ringgit weaker) now, this is like 10% of Malaysia's GDP. They will go bust.

Between Singapore and Malaysia, we only need the RTS, which is efficient, cheap and good.

 

[Dr Christopher Cheok C S]

Tiongkok "Whatever-it-take" Basooka

All problems resolving soon

Printing money is not helpful because they need to bail out the massive property sector. Printed money will only go into the pockets of few.

They should learn from the Indonesians and gradually depreciate yuan by 25-33%, and chinese property investors need not go bust.

 

[congo9]

Why do you need HSR ?

 

[congo9]

Printing money is not helpful because they need to bail out the massive property sector. Printed money will only go into the pockets of few.

They should learn from the Indonesians and gradually depreciate yuan by 25-33%, and chinese property investors need not go bust.

It has been gradually depreciating their RMB. For Singkie dollar vs RMB ...before covid ($1:rmb4.8), now it is ($1:rmb 5.45).

A lot of developer has gone bust and with Chinese piece meal solution which the market sentiment so lack of confidence and people just save their money and refusing to spend. It's not going to do any good with Chinese govt doing little to help the market.

Now they just want to export their way out of recession or deflationary pressure. But which country will allow you to do that without hurting their own market ? Option is quite limited for chinese. The Chinese should start to work on their own domestic market.

With their big domestic market, they can control the world. But they keep wanting to keep their own population poor so that they can control over these poor people and keep themselves in power. Then with their cheap labor they can out manufacture their way.

 

[Dr Christopher Cheok C S]

With their big domestic market, they can control the world. But they keep wanting to keep their own population poor so that they can control over these poor people and keep themselves in power.

Agree, the priority is to control the people.

When Mao's position was shaky, he invaded Korea.
When Deng's position was shaky, he invaded Vietnam.

 

[eatshitndie]

tiong economist in ccp think tank detained for criticizing xi.

https://www.businessinsider.com/zhu...rs-after-criticizing-xi-jinping-wechat-2024-9

Yet another one of China's elite has disappeared after criticizing Xi Jinping​

Hannah Abraham
Sep 24, 2024, 5:28 AM PDT

 

[k1976]

https://x.com/Parsonalsecret/status/1815071659298373784

 

[Dr Christopher Cheok C S]

tiong economist in ccp think tank detained for criticizing xi.

https://www.businessinsider.com/zhu...rs-after-criticizing-xi-jinping-wechat-2024-9

Yet another one of China's elite has disappeared after criticizing Xi Jinping​

Hannah Abraham
Sep 24, 2024, 5:28 AM PDT

Xi is good for us. Otherwise our boys will be drivers, girls will be maids in China when they grow up. See what happens to Malaysia? Many Malaysian girls are mistresses to Chinese money-launderers in Penang and Johor.

A unified China and Taiwan will ruin ASEAN & Korea/Japan's economic future. We need a war between them. The Chinese know it, that's why they will never invade Taiwan.

 

[k1976]

It has been gradually depreciating their RMB. For Singkie dollar vs RMB ...before covid ($1:rmb4.8), now it is ($1:rmb 5.45).

A lot of developer has gone bust and with Chinese piece meal solution which the market sentiment so lack of confidence and people just save their money and refusing to spend. It's not going to do any good with Chinese govt doing little to help the market.

Now they just want to export their way out of recession or deflationary pressure. But which country will allow you to do that without hurting their own market ? Option is quite limited for chinese. The Chinese should start to work on their own domestic market.

With their big domestic market, they can control the world. But they keep wanting to keep their own population poor so that they can control over these poor people and keep themselves in power. Then with their cheap labor they can out manufacture their way.

They also want to give their local Tiongkok Kia a taste of 100yuan /kg D24 atas durian

 

[Dr Christopher Cheok C S]

They also want to give their local Tiongkok Kia a taste of 100yuan /kg D24 atas durian

Because there is no language barrier, the PRC men did a lot of bad things to Malaysian chinese women in Malaysia.

 

[k1976]

Because there is no language barrier, the PRC men did a lot of bad things to Malaysian chinese women in Malaysia.

I Know a few local gal married Tiongkok kia as well...seem like no different from EDMW JLB BBFAs

 

[k1976]

Xi is good for us. Otherwise our boys will be drivers, girls will be maids in China when they grow up. See what happens to Malaysia? Many Malaysian girls are mistresses to Chinese money-launderers in Penang and Johor.

A unified China and Taiwan will ruin ASEAN & Korea/Japan's economic future. We need a war between them. The Chinese know it, that's why they will never invade Taiwan.

Once war start in China, international acceptance will reset back to 1980s....AMDK will be jin Dua Kee again..Thanks u ByeBye Penis

 

[k1976]

already jin xia suay to all Cina

 

[syed putra]

Why do you need HSR ?

Because Indonesia and soon Thailand will have one.