By Steve SchererPublished February 18, 2018 05:00:32The world’s second largest economy is experiencing a massive bubble as a result of rampant speculation and a massive government stimulus program that was enacted to revive the economy.
China’s economic growth has been stagnant since the mid-1990s and a new wave of government-sponsored economic growth is now expected in 2019.
However, with the country’s stock market and currency down to new lows in recent months, investors are concerned about China’s economy’s future.
Here’s how to make a profit on China’s bubble.1.
Make a deposit for a 1,000 yuan ($16) deposit.2.
Pay off the first month’s balance with a 2,000-yuan (60,000 U.S.) loan.3.
Then make a second 3,000, 4,000 or 5,000 Yuan (120,000 to 160,000 American dollars) loan on the same day.4.
Use the money to buy a 10,000 square meter (2,800 square foot) apartment.5.
Pay the remaining balance with another 10,00 yuan (60 U. S. dollars) and take the house off the market.6.
Profit from the new real estate and buy another one.7.
Buy another one and get a second 10,500 yuan (160,000 Canadian dollars) deposit to pay the remaining amount.9.
Pay back the remaining 3,500 or 5 the next day and buy a third 10,600 or 7,500 Yuan (140,000 Chinese dollars) to buy another 10.000 yuan (140 U. s. dollars).10.
Profit the next month with another 6,000.
You can read more about China in the latest edition of Bloomberg Businessweek’s Money & Markets column, which is published each Monday.