Why China property isn’t facing Armageddon

[CityFarmer]

Cityfarmer, just a friendly discussion, I will suggest if you have a chance to visit these rural cities and keep a lookout for its infrastructure. I have been in worse roads in India and Indonesia. I just bought our famous pork floss bread in one of the bakery in the town and it cost IMO ridiculous price of 7 RMB, but 1.5x bigger than our bread talk. While driving past the bakery, I passed by a hospital that is as large as our NUH. These rural folks are not as poor as what media tries to portray. One of conversation I had with the local contact was the vast difference in lifestyle from 10 years ago and now. This is the speed of China development.

No problem. I am also finding pieces of "urbanization" in China, and still trying to get a good big picture. I do agree the pictures media portrayed are misleading.

In fact, I have visited rural city, not one, but few. I agree the infrastructure is good, but only the "hardware", not the "software". The needs of education and healthcare cannot be met just by nice hospital and school alone. You might be surprised by the number of white-elephants around the rural cities.

I do agree the rural folks are not poor, due to the "compensation" from land sales and rentals. Some are richer than most Singaporeans, with millions in RMB. I am happy to retire there, as long as no issue in healthcare. I did see Ferraris around when I was there. Base on the number plate, there are tourists from a tier-1 city, having holiday in a condo nearby as "elegant" as Ngee Ann City, near a seaside