China patriots rev up protests in Vancouver

[+OverSword]

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Convoys of Chinese patriots in Ferraris and other high-end sports cars have been revving up pro-Beijing demonstrations in Canada, home to tens of thousands of Chinese millionaire migrants. Convoys of Chinese patriots in Ferraris and other high-end sports cars have been revving up pro-Beijing demonstrations in Canada, home to tens of thousands of Chinese millionaire migrants.

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Protester Kevin Huang Yi Shuen, who supported the Hong Kong camp, watched as the sports cars repeatedly buzzed the protest scene. He said the scene was a big-money “power play” and “a way of showing force”.

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Huang said the display might have impressed some supporters, but it stood out as an example of “conspicuous consumption” in a city that was undergoing a housing affordability crisis that has been blamed in part on Chinese money.

“These are people who don’t understand that narrative or the Vancouver community very well,” he said.

 

Link

[Piney]

[Dark_Grey]

Chinese investors are the biggest reason the Vancouver housing market has blown up out of control and now Chinese millionaires are flaunting protesting with their hypercars there. It's like poetry. It's also like looking 50 years in to the future of Canada, given how much Chinese investments continue to eat our resources and infrastructure.

[aztek]

NZ got it right by banning foreigners to buy land there,   we both, usa and canada need to wake up.  

[+OverSword]

1 hour ago, Dark_Grey said:

Chinese investors are the biggest reason the Vancouver housing market has blown up out of control and now Chinese millionaires are flaunting protesting with their hypercars there. It's like poetry. It's also like looking 50 years in to the future of Canada, given how much Chinese investments continue to eat our resources and infrastructure.

 

49 minutes ago, aztek said:

NZ got it right by banning foreigners to buy land there,   we both, usa and canada need to wake up.  

I think the plan is that we get all that money now and in the future during our inevitable war we confiscate the real estate back again.

[Black Red Devil]

2 hours ago, Dark_Grey said:

Chinese investors are the biggest reason the Vancouver housing market has blown up out of control and now Chinese millionaires are flaunting protesting with their hypercars there. It's like poetry. It's also like looking 50 years in to the future of Canada, given how much Chinese investments continue to eat our resources and infrastructure.

It's the same in Australia, but mostly in Sydney and Melbourne.  Housing affordability has become impossible and mainly because of Chinese investors bumping up real estate prices.

[Black Red Devil]

There were also clashes in Sydney between pro Beijing and Hong Kong students. link

Sounds like the Chinese Govt is trying to sway western public opinion by showing that the protesters in Hong Kong do not have support from mainland Chinese.  Maybe it's also an attempt to warn countries that trade heavily with China, to 'pick the right side'. 

[spartan max2]

I honestly don't see how anyone in a democratic nation could not support Hong Kong.

 

 

[+OverSword]

snip

Edited August 22, 2019 by OverSword

[+OverSword]

1 hour ago, Black Red Devil said:

It's the same in Australia, but mostly in Sydney and Melbourne.  Housing affordability has become impossible and mainly because of Chinese investors bumping up real estate prices.

 

1 hour ago, Black Red Devil said:

There were also clashes in Sydney between pro Beijing and Hong Kong students. link

Sounds like the Chinese Govt is trying to sway western public opinion by showing that the protesters in Hong Kong do not have support from mainland Chinese.  Maybe it's also an attempt to warn countries that trade heavily with China, to 'pick the right side'. 

Or maybe it's a sign that we need to have more equitable trade and that China shouldn't be artificially overvaluing their currency so we wouldn't have all these POS's inflating our housing markets. 

[Tatetopa]

1 hour ago, OverSword said:

Or maybe it's a sign that we need to have more equitable trade and that China shouldn't be artificially overvaluing their currency so we wouldn't have all these POS's inflating our housing markets. 

Rich people do what rich people do all over the world.  They pay $150 for a tiny appetizer in a high end restaurant, buy an expensive car, and buy two or three houses because it seems like a good investment.

 

[+OverSword]

37 minutes ago, Tatetopa said:

Rich people do what rich people do all over the world.  They pay $150 for a tiny appetizer in a high end restaurant, buy an expensive car, and buy two or three houses because it seems like a good investment.

 

Yeah but I’m not talking about rich people I’m talking about a government artificially manipulating their currency.

[Black Red Devil]

3 hours ago, OverSword said:

 

Or maybe it's a sign that we need to have more equitable trade and that China shouldn't be artificially overvaluing their currency so we wouldn't have all these POS's inflating our housing markets. 

The west will never be able to compete with China in it's current format.  While their middle class numbers are growing and so are their billionaires, you still have to consider it's a mono party dictatorship and all important assets within its borders (and expanding outwarrds too) belong to the 'Communist' Party.  You also have to consider there are 1.4 billion and many live in poverty, although not underneath the poverty line (100's of millions). Capitalism brought prosperity but thanks to low wages and poverty they can afford cheap manufacturing which has brought their Govt to become the first or second strongest economy in the world, despite their GDP being fairly low. In recent years they've transformed their economic goals from exporting manufacturing goods to buying assets around the world.  There is nothing Communist or Socialist in their economic system because there is too much variance between the rich and poor and Capitalism doesn't really go along with those ideals.  China is simply an opportunistic mono party dictatorship.

On the other hand Hong Kong is a typical western Capitalist economy where the individual makes his fortunes and owes nothing to the State.  They are two different worlds.

Only a revolution within China will bring down the Communist Party but after Tienanmen Square I doubt it.  If they haven't sent in the tanks yet it's because they don't believe what's happening in Hong Kong is anything to worry about internally and also because they wouldn't want to show a bad image to the world they're trading with.  On the other hand western nations should be wary of China's actions and not fall for the easy money.

Edited August 22, 2019 by Black Red Devil

[+OverSword]

I watched a documentary about the construction of a trans Asian highway built in China. After watching I couldn’t believe the Chinese government let it out. Actually they probably didn’t but couldn’t prevent it. While watching it I realized that we in the West hold a vast misconception about the control the government of China actually wields. Within the bigger cities it seems it’s just as we picture it but in the vast countryside it’s run by organized crime. Nothing gets done without bribery, gangs, intimidation and force. @Black Red Devil I believe the truth is applying the proper pressure and calling their many bluffs it is China that can’t compete with the west.

Watching financial markets its clear that trumps economic war on China is hurting them more than the USA. If other western economies play along China must fall in line. That would certainly be good for your country. If not sooner or later it will get nasty.

[Black Red Devil]

52 minutes ago, OverSword said:

I watched a documentary about the construction of a trans Asian highway built in China. After watching I couldn’t believe the Chinese government let it out. Actually they probably didn’t but couldn’t prevent it. While watching it I realized that we in the West hold a vast misconception about the control the government of China actually wields. Within the bigger cities it seems it’s just as we picture it but in the vast countryside it’s run by organized crime. Nothing gets done without bribery, gangs, intimidation and force. @Black Red Devil I believe the truth is applying the proper pressure and calling their many bluffs it is China that can’t compete with the west.

Watching financial markets its clear that trumps economic war on China is hurting them more than the USA. If other western economies play along China must fall in line. That would certainly be good for your country. If not sooner or later it will get nasty.

I'm not sure Trump's trade war is hurting China more than it's hurting the US economy, but it's definitely not good for either.  I agree western nations could altogether bring down China's economy because the west has most of the richest economies and China imports and exports to most of them large amounts of it's trade.  But why would they do it when they reek the benefits?  Even the US but Australia for example ducked under the last Global recession 10 years ago thanks to China.  A Trade Agreement brings positives but also negatives.  With China the positives were that it provided a healthy economy to the Australian economy thanks to the mining exports while the negatives were that Chinese investors were allowed certain privileges in real estate that stuffed up the market.

[SHaYap]

Many people in China requires many houses, the principal problem now is that a big segment of the people don't like living in a western style housing designs, it will take some time for the younger generation to grow into the market, sooner or later a housing crisis will crop up along with the population growth...  Property investors don't care about that, it's all big profit margins bigger than previous margins until they can no longer squeeze anything without hurting themselves, the Government is that stop gap in between the profiteer s and capitalist entrepreneurs... 

~

[+OverSword]

6 hours ago, Black Red Devil said:

I'm not sure Trump's trade war is hurting China more than it's hurting the US economy, but it's definitely not good for either.  I agree western nations could altogether bring down China's economy because the west has most of the richest economies and China imports and exports to most of them large amounts of it's trade.  But why would they do it when they reek the benefits?  Even the US but Australia for example ducked under the last Global recession 10 years ago thanks to China.  A Trade Agreement brings positives but also negatives.  With China the positives were that it provided a healthy economy to the Australian economy thanks to the mining exports while the negatives were that Chinese investors were allowed certain privileges in real estate that stuffed up the market.

The last thing we would want would be to crash or damage China’s economy. We want them to stop manipulating their money and to play fairly.  That’s the goal. As it is China are the ones that harm the world economy by running a rigged system.

[SHaYap]

Just like elections are rigged when lose but free and fair if won? 

~

[+OverSword]

5 minutes ago, third_eye said:

Just like elections are rigged when lose but free and fair if won? 

~

No. That’s not a good comparison.

[SHaYap]

3 minutes ago, OverSword said:

No. That’s not a good comparison.

Not saying it is, but what's stopping anyone from using it as a comparison, good or bad as the case may be? 

~

[+OverSword]

7 minutes ago, third_eye said:

Not saying it is, but what's stopping anyone from using it as a comparison, good or bad as the case may be? 

~

Huh? 

Any large nation falsely inflating the value of their currency by default devalues everyone else’s, even yours uncle eye.

[SHaYap]

3 minutes ago, OverSword said:

Huh? 

Any large nation falsely inflating the value of their currency by default devalues everyone else’s, even yours uncle eye.

Large nation? 

~

[+OverSword]

16 minutes ago, third_eye said:

Large nation? 

~

China not Indonesia 

Ive got to study up on this I may have it backwards. But at any rate.....China Bad!  grrr

[SHaYap]

1 minute ago, OverSword said:

China not Indonesia 

Ive got to study up on this I may have it backwards. But at any rate.....China Bad!  grrr

Fiddling the books is nothing new, the greenback is propped up, the dinar is tied to, the yen is buried in... You know it better than I do in many more ways and cases... I'm just lucky to be included in a lot of interesting online conversations 

~

[aztek]

yea, over 1,5B population, i'd say it is a large nation