China waits anxiously for economic plan as gloom reigns

I read the other day that there are now so many empty properties in China that they could house the whole Chinese population. Every day the housing market collapse just gets worse, and the won derful CCP just carry's on, regardless. Xi is a great leader with great foresight in to the future.....lol!

The CCP will make private home ownership a thing of the past - that is their goal, they're just setting the "painful" environment for all, before they step in, and take over everything "owned" by those "Wealthy Individuals" - (i.e. Your Mom & Pap), and redistribute.. a bit like in early Russian 1900's.

Looking at some of the you tube videos that the Chinese citizens posted about the homes they purchased for terrifying. Large story building with plaster and dry wall problems, no rebar in support columns. There was one home owner who said that every fire extinguisher in her building was fake it was just a total mess I would not buy one I would rather live in a cave before buying an unsafe home.

Economic plan:

1 - start a war.

The CCP will make private home ownership a thing of the past - that is their goal, they're just setting the "painful" environment for all, before they step in, and take over everything "owned" by those "Wealthy Individuals" - (i.e. Your Mom & Pap), and redistribute.. a bit like in early Russian 1900's.

There is no true home ownership now. For one thing, there is no private land ownership. All land is either owned by an agricultural cooperative or, if it is in a town or city, the land is owned by the central government. At best a firm or individual can lease the land for a set period of time but never own it outright. Likewise you can lease a flat in a building but you don't truly own it. What you own are some rights to the use of your flat for a period of years. Same thing for a big businesses. The can lease land from the government and most cities will charge a rate for this lease but the business can never own their land. Leasing land is one of the largest sources of revenue for Chinese cities.

I want to see China do well economically . . . I really do!

But I also want to see it behave well too.

Given the choice, I would rather see it (and any other country for that matter) behave well and be a good neighbor.

If China's economic downturn means that its aggressiveness towards its neighbors it going to simmer down and re-evaluate its priorities, then I'm all for it.