Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Worse Than Off-Season! No Orders, No Money, China’s Manufacturing Is Doomed" video.

  1. 📉 The Chinese economy is in a state of depression, with factories being strangled to death and key industries nationwide suffering. 00:00 Retail spaces in Shanghai have shut down, and even during peak consumption season, business is worse than usual. The period around October 1st, known as the 'Golden Week', used to be the busiest time for merchants and logistics, but now many flight routes have been suspended. The Chinese economy is beyond recovery, with people running out of money and key industries suffering from depression. 💸 Evergrande's crisis and debt defaults by Chinese real estate giants raise global concerns. 02:20 Evergrande's debt is soaring up to 300 billion USD, causing instability in the markets. Chinese real estate developer Country Garden is projected to incur losses of 45-55 billion yuan in the first half of this year and has accumulated a debt of 1.4 trillion yuan. Global investment giants like BlackRock and Allianz Group hold significant investments in Country Garden's US bonds, posing risks if the company faces difficulties. 💥 The downturn in computer and smartphone sales in China is expected to have a significant impact on global chip manufacturers. 04:59 China's contraction in the consumer market will have global implications. Semiconductor manufacturers predict further reductions in the production of NAND memory chips used in phones. European companies face the risk of the shutdown of the Chinese market. 💼 The worsening situation of the Chinese economy is expected to impact the global economy, leading to a decline in demand. 07:38 Agilent Technologies' quarterly revenue decline is attributed to poor business performance in China. The disappointing performance of the Chinese stock market and grim economic outlook will lead to a decline in demand. China's decline in demand will impact European luxury goods market. 📉 China's fiscal and monetary policies are facing challenges and have limited effectiveness in stimulating economic growth. 10:19 China's government has limited policy solutions due to the ongoing debt crisis and opposition between Chinese and American monetary policies. Relying on money supply expansion to support economic growth has been increasingly ineffective over the years. Attempts to alter public expectations through interest rate cuts have been largely futile.
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