Western countries envy China economy

[gingerlyn]

 

[syed putra]

Somebody in the forum already gave a brilliant solution.

 

[gingerlyn]

Somebody in the forum already gave a brilliant solution.

pls share

 

[syed putra]

ccp gov is totally inept in addressing real estate crisis. this arrest does nothing but cause panic in the sector which accounts for 25% of the economy. instead, use this crisis which is self-inflicted as an opportunity for complete reform of the real estate sector. for sexample, as a 1st step forbid developers from collecting mortgage payments for homes not yet built. a less than 6.9% deposit may be ok to secure a purchase but not the entire amount thru’ shady mortgage financing and loans by developers who in the 1st place are not regulated and licensed bankers. full payment at completion of development and turning over of keys after walkthrough will incentivise developers to finish building homes faster and with reasonable quality. 2nd, increase standard ccp mandated 69-year lease (70 to be exact) on all residential properties to 99 or 150 to 199-year leases. this is a no brainer. tiong prospective buyers will feel more confident of their long term investments not only for gains but also in terms of security for at least one more generation, especially in a 150 to 199-year lease. 3rd, train a new generation of house appraisers and inspectors administered by local govs thru’ a stringent national standard building codes permitting and builders’ contractors’ licensing process. otherwise, homes in tianjin are like tofu while houses in guangdong are like mushrooms. bo cheng hu. anyhow build. tiongs will die in them for lack of proper foundation and structural integrity not counting leaks, lack of vapor barriers, shoddy plumbing, faulty electricals. 4th, financing. this one involves massive reforms in several sectors including various levels of local to national banks, shadow banks, insurance and financial firms. perhaps the last one is too messy and fucked up that ccp can’t do much as every ccp elite has their hands in the cookie jar.

 

[k1976]

https://fortune.com/2023/10/02/glob...k-document-act-law-finance-geraldine-mcbride/

Future trade system will be ver different De woh

 

[laksaboy]

The Chinese language version of the mainstream fake news merchants has been compromised by the CCP. Other examples: Jew York Times, Deutsche Welle.

 

[gingerlyn]