• At the peak of the U.S. property boom, about $900 billion a year was being invested in residential real estate. In the 12 months ended in June, about $1.4 trillion was invested in Chinese housing.
• The total value of Chinese homes and developers’ inventory hit $52 trillion in 2019, according to Goldman Sachs Group Inc. This is twice the size of the U.S. residential market and more than even the entire U.S. bond market.
• China’s household leverage ratio hit a record high of 57.7% in the first quarter. It was the biggest quarterly jump in the ratio since the first quarter of 2010 and far above levels of recent years.

• About 21% of homes in urban China were vacant in 2017 which equated to 65 million empty units, according to the most recent data from China Household Finance Survey. Among families who owned two properties, the vacancy rate reached 39.4%, and among those that owned three or more, 48.2% were empty.
• Rental yields are below 2% in major cities like Beijing, Shanghai, Shenzhen and Chengdu. 96% of China’s urban households owned at least one home, according to a Chinese central bank survey released in April, far exceeding the 65% home ownership rate in the U.S.
• China accounted for around 57% of the $11.6 trillion increase in household borrowing over the decade through 2019, according to Bank for International Settlements data. The U.S. accounted for about 19%.
• In Tianjin, a city of 15 million southeast of Beijing, apartments in upscale areas sell for around $9,000 a square meter, or about $836 a square foot. That is roughly the price an average buyer would pay in some of the most expensive parts of London, even though disposable incomes are seven times as high in London as in Tianjin.
• Urban Chinese now have nearly 78% of their wealth tied up in residential property, versus 35% in the U.S.

Earlier last week there was also a good piece in South China Morning Post around authorities’ growing concerns about a property bubble in China that best can be summarized by the opening paragraph of the article.

Chinese regulators have warned of heightened risks of an asset bubble in portions of the country’s rapidly growing property market, as efforts to free up credit to support the coronavirus-stricken economy have been diverted into real estate“

Despite authorities’ attempts to crack down again on China’s ‘shadow banking‘ system and cool the property market, it is hard to see how this turns out well. Local governments get over 50% of their revenue from land sales. One key reason that from ‘the start of the year until July 6, real estate agency Centaline estimated that 50 cities, including Shanghai and Guangzhou, sold land to developers worth 2.39 trillion yuan, up 15.3 per cent over the same period last year‘. China’s property developers ‘are among the biggest junk bond issuers in Asia, with issuance totaling $46.23 billion last year, double that of 2018, according to Refinitiv data‘ in a recent CNBC article.

The above article was written by

 

Bret JensenThe Biotech Forum

Even though you are a White liberal douche bag, (a LINO, similar to a Republican RINO) you are a inbred racist; being a White Conservative you are a genetic racist from the womb; there is little to no hope in challenging your racist beliefs. It doesn’t matter how you think or what you do, if you are White you have been indoctrinated to think white. Your racism is unconscious, it can’t be denied, denying proves you are a racist. So therefore you must now be reeducated to think Black, you must be purged of your white identity. Going forward the movement will weigh heavily on humiliating Whitey, persecute Whitey, execute Whitey and above all expose Whitey as an enemy. YOU GET THE PICTURE, DON’T YOU? But don’t think for a moment that they don’t don’t know you, they do, yes they do. You are for Trump Voter, therefore, you are a Racist.

The majority of Americans go to work everyday. They are hard working individuals, they have families and are patriotic in spirit. Some might live in large cities, others in small town America, in other words they are America’s salt of the earth, True Patriots.

They are very much disturbed on the events that took place in Seattle where the RIOTS continue, Portland, New York, Los Angeles, Baltimore, Detroit and Chicago. Are they coming to our town is what worries them. Evidence is clear, these protests and the ensuing riots have been instigated by ANTIFA type anarchists funded by Soros type organizations. These individuals are for calamity, revolution, radicalissm and dissolution of our way of life. The above cities are run by Democrat suicide bombers, thugs in their own right. CLICK HERE FOR THE CRIMINAL MAYORS OF THE DAY. CLICK HERE FOR TODAY’S CHICAGO NEWS

They have important questions for their mayors, governors, senators and representatives. Can you keep my family safe? Do I need to arm myself? Will my job be there next week? What actions can I take to counter the anarchists? Will the police be there for me? What happens if Biden becomes president? The latter question is easy to answer. We have seen the above referenced cities go up in flames. Are the suburbs next?

CLICK HERE FOR THE REAL JOE BIDEN – An empty suit if there ever was one. And he is running for President?

Take one look at Biden’s supporters, “you know the thing.” (Click here for Rashid Tlaib) They consist of anarchists, Bernie Sanders types, who want to take down the government – revolutionaries. Their aim is to destroy Western Civilization. Look no further than their plan to decimate America. You see the the daily carnage in Chicago; does it frighten you? And Chicago type shootouts are now occurring in the Big Apple; Portland going up in flames, mayor blames White house; police don’t respond for fear for their lives. Can you blame them?

THE ONLY WAY TO CURE THE CANCER IS TO USE THEIR OWN MEDICINE. THEY WANT WAR, WE WILL GIVE THE WAR. VOTE TRUMP ON NOVEMBER 3, 2020; HE HAS THE CURE

https://www.foxnews.com/sports/kareem-abdul-jabbar-on-lack-of-outrage-over-anti-semitism

The powers to be are searching for a name change that won’t be offensive to, well, almost everyone on the planet. Think for a moment about this, they call people who originated in Africa, “African Americans”, but most of the time they define them as “BLACK.” Now if you think about it, what is the difference between a Redskin and a Black in describing a person’s skin. If Redskin is offensive, isn’t Black offensive too?

So we have a SOLUTION here, our suggestion is to name the Washington football club, the WASHINGTON GODS. This should not offend anyone, well perhaps it will, but those who are offended, will say that Washington was a plantation owner who had slaves, and some, the Atheists among us will be offended by the word GOD.

How about the UNITED STATES, uniforms embellishing OLD GLORY? Or better yet, the WASHINGTON SNAKES; this is appropriate because who dwells in Washington, but slimy creatures, lying in wait to take a bite out of your wallet. Go for it. THE SNAKES ARE OUR PICK. And think of the logo, a snake shedding its skin. God is great.

Of course we can think of other choices, for example, “DO NOTHINGS”, “SPENDTHRIFTS” OR “SWAMP CRITTERS.” Take your pick, all of them reflect the sleaze that come to Washington WITH ONE OBJECTIVE, AND THAT IS TO FLEECE THE HARD WORKING AMERICAN TAXPAYER.

Ayaan Hirsi Ali praises Bari Weiss, warns ‘censorship terrorists’ are leading US ‘down a path to hell’. For those who don’t know her, we bring you a clip of her Wikipedia bio here: she is a Somali-born Dutch-American activist, feminist, author, scholar and former politician.  She received international attention as a critic of Islam and advocate for the rights and self-determination of Muslim women, actively opposing forced marriage, honor violence, child marriage and female genital mutilation.  She has founded an organisation for the defense of women’s rights, the AHA Foundation. Hirsi Ali migrated to the United States and became a U.S. citizen in 2013. 

The key fact here to remember, she was born in Somolia, she has seen war, she has seen peace, she has seen it all. (compare here to the suicide bomber also from Somolia – Illan Omar a lying criminal to the say the least) However, we must emphasize that the liptard left violently agrees with her positions on a multitude of hot button issues.

The latest was the accused blasphemy of Bari Weiss by the NY Times. Weiss, in an editorial letter she penned in the New York Times leveled the intolerable working conditions she had to tolerate. CLICK HERE for the story. What did Weiss do? She only outed the political correct agenda of NY Times editorial staff. She spoke to the woke staff and the bullying not only she received but that of her colleagues by the liptard swamp insiders on the editorial staff.

A big win for President Trump’s endorsed candidate Tommy Tuberville who took on the guy who weaseled out of shutting down the Russian Hoax early on; the result, Tuberville 70% – Session 30%. This is not “where a win is a win”, this was a virtual slam down knockout. A powerful win for Trump.

Also, Dr. Ronny Jackson, another Trump endorsed candidate, beat Josh Winegarner handidley. The primary to succeed retiring Mac Thornberry was a show of force of Trump’s popularity in the Lone Star State.

Instagram personality KingFace says Trump inspired him to leave dangerous lifestyle of ‘jail’ and ‘death’.

” I mean, he comes from the same surroundings as me,” Henry said of Trump. “I think he’s like the people. I think he is the people … I think he understands the people.”

US declaration on South China Sea will provoke ‘a strong reaction from Beijing’

14/07/2020|7min

Sky News US contributor Cameron Stewart says he expects “a strong reaction from Beijing” after US Secretary of State Mike Pompeo formally declared China’s claim to disputed territories in the South China Sea to be illegal. Mr Stewart said the declaration was “a step forward and a harder line from the US”, adding the timing of the statement did not go unnoticed. “This is part of Donald Trump’s attempt to put pressure on Beijing,” he said.

“Of course tensions between the two are very high at the moment. “But this is a real statement from the US, and I think you’ll find in the next couple of hours we’ll have a strong reaction from Beijing.”