Bitcoin Forum

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What makes you think that a recession in China would lead to chaos and unrest? Recessions have happened in every major civilization and it doesn't lead to death and famine. Japan has fared fine. The US has fared fine. Greece is not in civil unrest. Spain has remained civil. Why do you think China can't handle it?

The market is build through expansion and correction...have a longer term view.

Lol you talk as if Greece and Spain has already surpassed the worst times.

No wonder the Chinese are becoming the nº1 BTC miners, they know it's safer than shit fiat money.

Ok, that's a good point...Greece and Spain certainly aren't "recovered". But I still don't understand why one would think that China would result to territorial expansion or civil unrest when their growth slows or stops. Have any ideas to add to that question?

There won't be any real estate collapse in China. What's happening now is only a correction. I understand it's massive, but there was a huge imbalance between supply and demand, so we need the market to correct itself. And remember the Chinese economy is still growing much faster than any European country or the US.

You cannot compare China with Greece or Spain. China has plenty of cash, and doesn't need to borrow.

And many people are indebted to China. Makes it even easier for China to recover from such a collapse.

I agree with this. Just because recessions occur in a country doesn't mean that there will be civil disobedience and uproar from the general public. A country should and must be prepared when times like this come, and should later on recover because of such preparedness. Til then there are no reasons for civil unrest, not even recession.

If people start losing their jobs in China, then you'll see Revolution. That's the key. Give a billion people the ability to put food on the table and a lot of unrest goes away. Put 300m out of work with no safety net....

IF the real estate of China collapse, I would be really really happy because I can't afford it.
Current Price to ridiculous high.
Most of people can't buy it or have to burdened decades of mortgage.

How come you have got this extreme idea? Is it because the price of property decline a bit? Or the economy is not growing as robustly as before! One reason is that Chinese are putting pressure on the bubble of property. They set up some legislation about individual property registration. Many ppl speculates that every ppl will be taxed if their owned area exceeds some standard!
And you should compare with other countries' economic performance! China has done a good job in its economy.

They're Chineese, all they care about is how much money they can drain from the rising popularity of bitcoin, same thing with trading and exchanges there, and thinking they keep their profits
in bitcoin rather than in fiat is wrong. They are well known as people who expoit profit making to its limits, and that is why there are so many miners there.
But Chinas economy is far from collapse, and comparing them to Greece and Spain doesnt really make sence.

cheers

Prediction: China won't suffer a housing collapse, or recession.