More doom and gloom from ZeroHedge, et al., about China’s economy crashing. I’ve been hearing this crap for 40 years. Here is why the Chinese will keep right on chugging along.

Pictured above: alarming? Maybe in the West, but not in China. Not to mention that all the cities listed are 2nd-4th tier level, except Guangzhou and Chongqing. I have had the pleasure of visiting almost all of them…

Daily news: https://twitter.com/44_Days

Read/listen to/watch all about it: https://chinarising.puntopress.com

ZeroHedge and many other so-called “China experts” are rolling out article after report that China’s real estate market and economy are on the verge of collapsing (https://www.zerohedge.com/markets/chinas-housing-slump-far-worse-reported-half-state-owned-builders-warn-widespread-losses). I’ve been hearing this Western Big Lie Propaganda Machine (BLPM) crap for 40 years. They need to seek truth from facts. It is wishful thinking and cannot happen. Here’s why.

Please note in the same article that in 2014, there was a bigger downturn, then a massive bubble in 2016-17 that was deflated with aplomb. Only communist-socialist countries can do this. Not capitalist ones. Western economists think like the latter. How many other countries can have a 50% asset bubble in two short years and calmly let out all the market air? This graph is all you need to know, but there’s more below,

Again, the following table belies all the wishful panic, which does not exist. Communist-socialist China can react as fast as a bullet, like they are doing now. All the land, banks and insurance companies are people-owned, thus they have so many levers: macro, fiscal, monetary; the media is also people-owned, so Baba Beijing has the power of the bully pulpit and daily opportunities to keep the citizens fully informed,

Finally, if any private housing assets go belly up, they are nationalized and redistributed – again, capitalism cannot do this. If any state assets go bust, Baba Beijing will write off the bad debt, reallocate the rest to profitable SOEs, and be it private or public, makes sure the citizens do not take a big hickey.

Remember the 1987, 1997, 2000 and 2008 crashes? The Chinese Nation yawned and kept on prospering. They didn’t miss a beat.

How is that possible, you ask? It’s called communism-socialism that the West cannot destroy, invade, occupy or subvert. Lizard-brain Western sanctions, blockades and boycotts didn’t work during the Mao Era, 1949-1978 and they aren’t working now. China is too big and powerful to bring down and is so rich, it has “fugg-you” money that global capitalism can’t touch.

There’s a whole new world out there that Westerners cannot even begin to conceive of… Seek truth from facts.

Jeff J. Brown