Understanding China, One Blog at a Time

An American in China

Archive for June 15th, 2013

Puppy Love at the White House- Xi Jinping Cow Eyes Obama

Posted by w_thames_the_d on June 15, 2013

Wtf is up with Xi, its like come on comrade, keep it in your pants till the meeting is over. I smell wooooodddddd…

And wtf is up with the creep on the left, Barry is speaking and that acorn head is staring off into space.

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Xi Jinping Caught Checking out Obama’s Ass

Posted by w_thames_the_d on June 15, 2013

The fattie on the right is some crud whose dad killed a lot of people in a country, so now he gets to be the boss of that place. He is checking out Barry O’s rumpus and giggling to himself.

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Seventy Percent of Recent Chinese Grads Have No Job

Posted by w_thames_the_d on June 15, 2013

File this under, ‘this will push China to the brink of disaster’.

A good friend of mine with chicom contacts said that 70% of recent Chinese grads have no job. Add this to fifty percent from last year and you have a toxic mix of unhappy one dud policy people. Te truth is that these people suck so bad that they add no value at work anyway.

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Chinese Invent Removable Roads

Posted by w_thames_the_d on June 15, 2013

Those clever Chinese think of everything. Who else would invent roads that just disappear?

Look ma, no road!

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China’s Housing Bubble, a Riot Waiting to Happen

Posted by w_thames_the_d on June 15, 2013

The People’s Daily, which is a super nationalistic communist rag, recently wrote about problems with China’s housing and rental prices. In a word, they are astounding and in two words they are way too freaking high- how many words was that…

In any event, the newspaper said that high housing prices could provide the impetus for social instability, ie revolution. Now before getting all excited and thinking that if and when said revolution comes, it does not forbode democracy. Indeed, the Chinese seem more than comfy with despots running this heap, as they have done for 5000 years. If they decide to make a change here, they will merely shuffle one dictator for the next.

The problem is that housing here is insane. In Beijing, for instance, rents increased 82% over their 2008 levels. This would not be such a big deal if salaries had kept up, but they have not. As a matter of fact, salaries only went up 10% last year, of which inflation chewed up about 6%. In real terms a Chinese person went from making $350 civilized dollars to making $364 per month and yet rent for a mediocre 100 sq meter apartment as nearly $1200. This means that a Chinese person needs to work for one year, not eat nor pay taxes and then can merely afford to live here for three months.

The People’s Daily is warning that such prices are untenable and the Chinese will rise up. This may be true, but what the People’s Daily does not disclose is how many of them own multiple houses in Beijing and are responsible for the market disequilibrium. What I mean is that Communist party members and their families have snarked up properties at cut rate commie prices, this cutting out the little guy. For instance, a friend of mine is a communist and his SOE allowed him to purchase beach front property for 18000 rmb per meter and by the time others could buy in the price had risen to 28000. Thus, this guy realized a 50% profit just because he was a communist.

This sort of thing is common here. All of my friends with many Beijing houses are children of communists, usually ex military, who have used contacts to score cheap houses. As a matter of fact, I know one jr. Chicom whose granddad left him four sizable houses here. This of course, made him an instant millionaire.

The typical Chinese knows this is true and it pisses them off. Maos promise was equality and land, but that is now dead. Young fu er dai , or rich second generation, are getting rich by stealing land and building houses and then absconding overseas. Consider this the next time you see a Chinese student at your university, or buying a home in your neighborhood. Those people are the ones who have poisoned this place and are now leaving. They fear the day that the tide turns and they will be forced to own up to what they have done.

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