Evergrande and The Sinister Reason For China's "Ghost" Cities
(media.greatawakening.win)
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I worked in middle mgt for a Fortune 100 company for 29.9 years. I was there when we made the moves to Mexico, then Singapore, then into China etc. Many questioned the moves, however, it was sold as "in order to remain competitive". In other words, just like our parents told us not to do; "cause everyone else is doing it". We knew what was in the trade agreements, and it made zero sense, but we continued. Honestly, on a lot of it, by the time you added the inventory carrying costs, added freight, handling, quality issues and so forth, it was not cheaper. Think of this, despite this cheap labor, prices over the last 20 years have continued to escalate. Anyway, I've never seen this theory, but have often wondered what was behind these cities. This makes perfect sense based on my personal experience with these evil shits.
So what is the sense of blowing up entire blocks of these ghost cities? That's the part I don't understand. If Evergrande is going bankrupt, you'd think that what little value would be in those concrete structures with their infrastructure. Why blow them up? https://greatawakening.win/p/13zfvXoLqd/the-china-evergrande-collapse850/c/
It’s probably more profitable to destroy the buildings and sell the scrap material than to just leave them up and maintain them. I don’t know about building codes in China, but I would suspect the CCP would require that those buildings are deemed safe and up to code even if nobody is inside.
If I’m on the right track I guess it boils down to: would you rather destroy the buildings, sell the scrap, and try and make something out of a bad situation? Or, pay to upkeep buildings that nobody will live in ever?
Just my guess!
Well, it's a good guess.... as good as any I suppose. I would think that simply doing nothing and walking away from the sites entirely would be the cheapest move. Well, whatever, the inscrutable Chinese do things that the West probably will never understand.
Haha you would definitely think that just leaving it would be cheaper, but you would have to pay an entire team to continually manage the logistics of it, upkeep, secure it, insure it, etc. especially a ghost city. It wont be long until people start raiding it and scrapping the goods themselves. You’re also never getting anyone to move in, so you have a depreciating asset on your hands right now while metal is high. Im thinking the analysts are saying their best bet is to cut the losses, avoid the risk, extract as much capital as possible and look towards the next fight.
I’m also not sure if China’s 70 year policy applies to these properties as well where the CCP takes back the “rights” to the land after 70 years, if so idk why these fucking retards would ever invest in land there other than to carry out their evil ass plan. Fucking heathens.