中國遍地鬼城 德媒譏：6成財富藏在混凝土 自由 20211008

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The so-called Chinese economy is nothing special than hoarding the essential resources: the land, agriculture products, raw materials, etc.
Lacking creativity and entrepreneurship, Chinese business persons cannot expand the cake of the economy, and thus, they become rigid and greedy.  Hoarding is the one and the only option for them.
The economy of Taiwan has a similar color of hoarding, especially in the real estate business.
The real estate business claims that they play a locomotive function to the whole economy.  However, economists have studies that the Multiplier effect is not as much as the persons in the business.
They claim that people should buy a “cheap” house now when the interest rate is low; people should buy a “cheap” house as quickly as possible for tomorrow when the interest rate gets high to avoid suffering from inflation.
Hoarding is the principal cultural pattern for Chinese making fortune.  It is always too late at any moment to make a remedy. 

中國遍地鬼城 德媒譏：6成財富藏在混凝土    自由 20211008

〔財經頻道／綜合報導〕中國房企雷聲不斷，引發全球關注。德媒直言，掌握中國經濟命脈的大型國有銀行偏好借款給煉鋼廠、水泥廠等國資企業，而這些企業又向房地產產業傾斜，以致60%的財富都藏在混凝土之中，最後變成了一座座鬼城、新機場、高速公路，導致地方政府債台高築，房企也背負高額負債，現在北京想要以可控方式戳破房產「泡沫」，已經「太晚了」。

德國之聲引述《南德意志報》評論稱，近10餘年來，中國政府都靠借貸推動經濟增長，有60%的財富都藏在混凝土之中，相較於美國只有25%。因此，恆大財務危機非關1間企業，而是影響中國房地產市場，乃至波及整個中國經濟。

文章點出，掌握中國經濟命脈的大型國有銀行受到借貸限制，大都傾向借款給國資企業，包括煉鋼廠、水泥廠、電解鋁工廠。而這些企業和房地產息息相關，「鋼鐵、水泥變成了房產，最後成了一座座鬼城，還有新機場、高速公路..」，以致許多地方政府債台高築，但是經濟卻像北京所許諾的那樣維持增長。

文章直言，北京現在想樣打破之前的保證，不再不惜一切代價死守7%或者8%的經濟成長率，恆大也因監管部門收緊法規而無法繼續融資，而陷入危機，這都是正確的措施，但北京若想可控有序戳破泡沫，現在可能「已經太晚」，必要的改革措施實在拖延太久了。