In 2020, after spending half his life in the US, Song-Chun Zhu took a one-way ticket to China. Now he might hold the key to who wins the global AI race
“Housing is for living, not speculative investment” is a policy the CCP adopted in 2016. They are leading the globe in renewable and clean energy production. It really seems like they’re building a society for the people and creating the infrastructure to make that happen.
I’m sure it’s not some perfect utopia, but where is? And it does seem like they’re headed to better places than we are here in the West.
Housing bubble. China screwed up so bad speculating investments in housing that they literally created ghost towns. Not a ghost town, multiple ones - domestic and foreign.
They had no choice but to say that because their attempt at it failed horribly.
Yes, I have, although my experience is mostly limited to Beijing with a bit of time spent elsewhere. Housing is at least as expensive (relative to wages) as it is in a typical western city, despite there being graveyards of unfinished apartment blocks everywhere just outside the 5th ring road. This isn’t getting into the brutal working hours and mediocre wages, lack of free healthcare, etc etc. It isn’t really any better than the US (not that the US are good, they’re just bad in somewhat different ways)
It’s hard even for people in China to discuss this amongst themselves, so that’s understandable. I do recommend visiting though - it’s still a beautiful country, and the people are far friendlier and more welcoming than I had expected (I thought they’d be very reserved)
They are creating an amazing national park system over there.
“Housing is for living, not speculative investment” is a policy the CCP adopted in 2016. They are leading the globe in renewable and clean energy production. It really seems like they’re building a society for the people and creating the infrastructure to make that happen.
I’m sure it’s not some perfect utopia, but where is? And it does seem like they’re headed to better places than we are here in the West.
Sure, if you’re ethnically Han Chinese and toe the party line.
This comment reads like straight Chinese propaganda lol
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Housing bubble. China screwed up so bad speculating investments in housing that they literally created ghost towns. Not a ghost town, multiple ones - domestic and foreign.
They had no choice but to say that because their attempt at it failed horribly.
Yeah and I get paid per reply, so keep it up
Definitely, by
SorosXi!people can talk propaganda even without being paid if they were made to believe it. and you know this is not specific to any country.
Absolutely laughable statement to anybody who has actually been to China. Have you?
No, I haven’t. Have you? To live or to work? Can you share your experiences that make you feel it’s laughable?
Yes, I have, although my experience is mostly limited to Beijing with a bit of time spent elsewhere. Housing is at least as expensive (relative to wages) as it is in a typical western city, despite there being graveyards of unfinished apartment blocks everywhere just outside the 5th ring road. This isn’t getting into the brutal working hours and mediocre wages, lack of free healthcare, etc etc. It isn’t really any better than the US (not that the US are good, they’re just bad in somewhat different ways)
Oh and I somehow failed to mention Evergrande! This is a far better example than any of my anecdotal data: https://en.wikipedia.org/wiki/Chinese_property_sector_crisis_(2020–present)
Thanks for sharing, it’s great to hear different perspectives on these things as it feels like they aren’t so often discussed by normal people.
It’s hard even for people in China to discuss this amongst themselves, so that’s understandable. I do recommend visiting though - it’s still a beautiful country, and the people are far friendlier and more welcoming than I had expected (I thought they’d be very reserved)