Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Bitter Days Ahead: WHOLE Nation Is in Debt! Unemployment u0026 Debt Push Chinese People to the Edge" video.

  1. 😢 Many families in Guangzhou are struggling with debt and the pressure of being the sole breadwinner. 00:21 A client in the loan industry shared his financial struggles, including overdue payments and constant harassment. Many families in Guangzhou rely on a single income, making it challenging to cover expenses and repay loans. Unreasonable interest rates and financial losses are suffocating debtors, leading to a need for more time to repay. 😔 A man's attempt at property speculation in China leads to financial strain, bankruptcy, and a loss of job opportunities. 05:50 The man initially profited from the rise in property value but later faced a decline in property values and disputes with developers. He struggled with monthly household expenses and mortgages totaling 100,000 yuan. Many businesses in China, including his, are on the verge of bankruptcy due to a loss of foreign orders and intensified competition. 💰 Chinese real estate companies like Country Garden and Evergrande rely on political connections and corruption to profit, while ordinary Chinese citizens suffer. 11:30 Country Garden leverages political-business relations to access lands and loans, while Evergrande builds connections with the powerful. The CCP has issued a massive amount of money, but it ends up in the hands of corrupt officials and elites. Some businessmen with ties to CCP officials earn money with their assistance, acting as 'shadow shareholders'.
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