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Post by bjspokanimal on Sept 27, 2024 12:46:10 GMT -5
We've all been marveling at how Cotai's continued recovery from covid has continued unabated, despite China's sluggish overall economy and housing related problems. But if I'm Mr. Jinping, I'm looking for ANY bright spots in the Chinese economy that I can allow to run, un-disturbed, while I try to figure out ways to repair the rest of the economic problems there.
I think Macau therefore has an all-you-can-eat ticket for the time being to help China's GDP and I suspect that whales understand that this is a period of time when "conspicuous consumption" will be scrutinized by Xi's goons the least.
All this spells out a double-positive for Cotai, IMO, as the solid YOY growth we're seeing there now should have relatively few bureaucratic headwinds for the foreseeable future and any improvement in the Chinese economy from current monetary or fiscal stimulus would only add to that double-positive... a triple-positive, perhaps?
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