Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Catastrophe in China’s Finance: Relentless Crackdowns, Raids, With Security Agencies Intervening" video.

! China's financial sector faces extreme centralization and erosion of individual freedoms. 00:06 Recent arrests of bank presidents and other officials by the judiciary. Expansion of the central commission's control to foreign affairs and the medical system. Establishment of CCP committees in enterprises and centralization of power. 📊 The Chinese government may take a direct role in investigating economic issues, potentially impacting entrepreneurs like Jack Ma. 03:10 Local security bureaus have historically investigated economic issues leniently. The State security apparatus could change the situation drastically. High-profile entrepreneurs like Jack Ma could come under close watch. 📰 Renowned foreign institutions pulling out of China leads to trust deficit in American political and business circles towards the Chinese Communist party's narratives. 06:24 Gallup and another foreign institution have recently withdrawn from China, causing a trust deficit in US towards Chinese narratives. The Chinese government might recognize the possibility of increased economic sanctions by the US if they continue to take opposing stances in international affairs. There are concerns that media outlets in Hong Kong and other financial news outlets might face detentions if they continue to talk down the market. 🌍 The video discusses the potential impact of the Chinese yuan's decline and the possibility of short selling on the global financial market. 09:55 The Chinese yuan has experienced a significant decline against the British pound and the euro. There are concerns about the possibility of short selling and the Chinese central bank resorting to printing more money to manipulate the exchange rate. A devaluation of the Chinese currency could have profound impacts on the everyday lives of the population. 🏢 China's subsidized housing policy restricts individual freedom and reduces labor mobility, impacting the economy. 12:41 Restrictions on place of work and mobility in subsidized housing policy limit individual freedom and labor mobility. Government's housing departments acquiring housing eliminates market competition and reduces choice for ordinary people. Recent financial work conference in China focuses on arresting and seizing assets and implementing stricter supervision and control in stock market, local government debt, and real estate market.
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