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dreamdancer

Is China Capitalist or Communist?

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or something else...



Both. Kinda like Cuba. Money talks in Cuba, and they love foreign visitors to line the pockets of the government and then they can talk about how great of a place it is.

But for the people living there under government rule it's a different story.


My wife is hotter than your wife.

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Both. Kinda like Cuba. Money talks in Cuba, and they love foreign visitors to line the pockets of the government and then they can talk about how great of a place it is.



Local population benefits from the tourist industry as well.

And, as of today, Cubans are allowed to buy and sell second hand cars without government approval. Hope somebody had the camera ready to record these first little capitalist steps.

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not looking good...

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Investors had thought China was immune to a property crash because mortgage finance is just 19pc of GDP. Wealthy Chinese often buy two, three or more flats with cash to park money because they cannot invest overseas and bank deposit rates have been minus 3pc in real terms this year.

But with price to income levels reaching nosebleed levels of 18 in East coast cities, it is clear that appartments – often left empty – have themselves become a momentum trade.

Professor Patrick Chovanec from Beijing's Tsinghua School of Economics said China's property downturn began in earnest in August when construction firms reported that unsold inventories had reached $50bn. It has now turned into "a spiral of downward expectations".

A fire-sale is under way in coastal cities, with Shanghai developers slashing prices 25pc in November – much to the fury of earlier buyers, who expect refunds. This is spreading. Property sales have fallen 70pc in the inland city of Changsa. Prices have reportedly dropped 70pc in the "ghost city" of Ordos in Inner Mongolia. China Real Estate Index reports that prices dropped by just 0.3pc in the top 100 cities last month, but this looks like a lagging indicator. Meanwhile, the slowdown is creeping into core industries. Steel output has buckled.

Beijing was able to counter the global crunch in 2008-2009 by unleashing credit, acting as a shock absorber for the whole world. It is doubtful that Beijing can pull off this trick a second time.



http://www.telegraph.co.uk/finance/china-business/8957289/Chinas-epic-hangover-begins.html
stay away from moving propellers - they bite
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Both. Kinda like Cuba. Money talks in Cuba, and they love foreign visitors to line the pockets of the government and then they can talk about how great of a place it is.



Local population benefits from the tourist industry as well.

And, as of today, Cubans are allowed to buy and sell second hand cars without government approval. Hope somebody had the camera ready to record these first little capitalist steps.




Second hand cars dating from the 1950's or Russian exports, that are the worst of the worst in the world.
In the county side, Cubans have to keep their poultry and other livestock inside their homes, as the roving bands of starving people called "Palestinians" by the Cubans, will steal everything.
Those who have lived under Tio Fidel know what a rat he is. Raul is said to be worse.
Foreigners do get very, very special treatment, and have a fantastic time. The average Cuban under the age of forty has no idea what a full stomach is, or what the real free world is like.

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Why do you live in a Monarchy?



What does that have to do with the OP, except in the deep, dark recesses of your mind?
This is the second recent thread you've tried to hijack with your (in my opinion, valid) criticisms of public assets spent on monarchies. It's an interesting issue. But in this thread, it's still a hijack. Why not just start a thread of your own on the topic, and have at it?

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Second hand cars dating from the 1950's or Russian exports, that are the worst of the worst in the world.
In the county side, Cubans have to keep their poultry and other livestock inside their homes, as the roving bands of starving people called "Palestinians" by the Cubans, will steal everything.
Those who have lived under Tio Fidel know what a rat he is. Raul is said to be worse.
Foreigners do get very, very special treatment, and have a fantastic time. The average Cuban under the age of forty has no idea what a full stomach is, or what the real free world is like.



Agreed. Doesn't contradict what I wrote.

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Second hand cars dating from the 1950's or Russian exports, that are the worst of the worst in the world.
In the county side, Cubans have to keep their poultry and other livestock inside their homes, as the roving bands of starving people called "Palestinians" by the Cubans, will steal everything.
Those who have lived under Tio Fidel know what a rat he is. Raul is said to be worse.
Foreigners do get very, very special treatment, and have a fantastic time. The average Cuban under the age of forty has no idea what a full stomach is, or what the real free world is like.



Agreed. Doesn't contradict what I wrote.


Nope, not at all. Didn't want to either. I did mention that foreigners are very well treated.
Knowing how that island works, having a few in-laws living there, and having met a few political prisoners of Castro's, I felt that the post might need some fleshing out. Cuba's poverty is huge, even though Cuba trades with the entire world, except the US, of course.
That's a good topic for another thread, ain't it?B|

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