show & tell for the fun of watch & brief
ms yu's brother master wu started w/ nothing, as in zilch, zero, nada, babcus, nought, and visited us since early 2000s to do weekly reflexology, put himself through chinese traditional medicine school and apprenticeship, and handed over the reflexology gig to his sister yu around 2009.
master wu invested in shenzhen real estate, did well, worked his medicine gig, did well, and got his 100 mountain + 3 farm mu (16 + 0.5 acre) of land back in home village deeded and transaction-able, did well.
he remains based in shenzhen, has 5 kids, family van, own sedan, driver, etc etc and intending to start a traditional medicine herbal farm as side line on his home village land. his eldest daughter is in college in beijing studying commercial design.
master wu's sister, ms yu, worked diligently in reflexology, saved 60% of her earnings, got married, have 1 kid 10-years young, and got same amount of land via land reform in same 190 family village. built a house (ultra fast internet, tap water already in, and solar whatever to be installed, iow, the consumption works), about to move in. is giving up reflexology and joining her cousin in 3-cities business of manufacturing aluminum windows and doors - the biz has been going strong for 3 years because the infrastructure upgrade is now going rural w/ bells on.
the mountain land transacts for about US$ 6K per mu (bank would take security to lend 5K), and farm land has no asking price as no one selling, all waiting for the ag biz entrepreneurs to bid as such are preparing.
now, essentially, every individual of the 190 families get the same deal, so prospective US$ 600k a head to underwrite further rural development and collateral-good money printing. There are 188M such folks living in the cities w/ claims on rural land, plus rural people w/ same claim.
am guessing ms yu's village is not wealthy as not really close to city, but not dirt poorest either.
the experiment could work, but pity the true city folks w/o such birth-claim. the great re-balancing is necessary but it does aim to re-balance. the cities had a good 30-years head start.
the house doesn't look like much by usual 1st world standard, but given the level of upgrade, and pervasive effect of multiplier, should be good
the village is 1 hours drive by paved road to nanchang en.wikipedia.org and that city is on the hi-speed rail system. Understand the highway shall link the village soon per current 5-year plan.
and looks cute, certainly can stand infrastructure upgrade, and if can be financed by printing of paper money, all seems good
to think, how many villages are there requiring what amount of aluminium windows and doors, and wifi setups, and and and
why, i would wager there are more english-capable speakers in china than there are in brazil, and soon enough more english readers in china than there are in usa
this is why i cannot fathom why the economist, cnn, nyt, wsj, etc etc yelp about china over-investing in infrastructure - like what planet do these fake news organisations exist on?
and i do not get why china should stop the buildout, and am guessing that folks in africa want the same stuff, and do not get why they should say "no" to china's one-belt-one-road eurasian-africa integration energy.
and this is why i do not compute a china-shall-collapse-from-debt-mountain-weight, for no one is looking at the asset side of the balance sheet.
what difference does it make if master wu 'overpaid' way back a few years ago for his 4th piece of shenzhen residential real estate on 50% borrowing given that shenzhen real estate went 4-5X?
all very bullish for gold, but less so for the people to be printed out of global equalisation of cost and of revenue.
guidance: continue to aggregate gold.
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