Miles Guo live clip- 2017.05.11

💥💥💥 2017.05.11 Miles Guo: Why don’t ordinary people understand why housing prices remain so high? Why is it becoming harder for ordinary people to afford homes?

The biggest areas of corruption in Communist China are the financial sector, then the stock market, and then the real estate sector. But a significant portion of corruption in the financial sector is tied to real estate and the financial markets. The most profitable and pure-profit area behind real estate and finance—more lucrative than HNA directly scamming loans from banks—is a sector where they take your money and it will never be traced, without even needing to prepare paperwork. This person can generate trillions or hundreds of billions with a single stroke of a pen, no exaggeration. What position, what identity, is more powerful than the General Secretary of the Central Committee or the Governor of the Central Bank? It’s the directors of the planning commissions in various provinces, cities, and local areas.

The real estate industry has two main tricks: first, finance—whether you can secure a loan or get financing; second, the core of the core—whether you can handle the planning commission! The biggest beneficiary of the real estate economy is the planning commission. The core of power lies right here!