Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "It’s All Over? China’s Economy Collapsing! The Dire Consequences Are Finally Showing!" video.

  1. 📉 The Chinese economy is on the brink of collapse with a sharp decline in foreign trade and foreign direct investment. 00:32 Total trade imports and exports in July fell by 13.6% year-on-year, with exports to the US dropping by 21%. China's exports in July saw a sharp year-on-year decrease of 14.5%, with Mexico overtaking the US as China's top trading partner. Foreign direct investment in mainland China has completely ceased, with a year-on-year decrease of 87% in actual use of foreign capital. 📉 China's local government debt and over-issuance of currency pose significant financial risks to the economy. 06:25 Firms like Anli Material Tech and KingforeEnergy Group invested in Zhongrong Trust's financial products despite overdue payments. Proportion of local debt and urban investment bonds to fiscal revenue reached an alarming 772% in some provinces. China's total local government debt reached RMB 66 trillion by the end of 2022, a significant increase from RMB 40 trillion in 2019. 😔 The economic achievements under Xi Jinping's leadership have been overshadowed by aggressive policies, leading to tensions with the US, disruption in international trade, and economic hardships for the Chinese population. 13:03 Xi Jinping's policies of favoring state-owned enterprises over private ones and assertive diplomacy have intensified US-China tensions and transformed trade disputes into comprehensive confrontations. The containment led by the US in areas of economy, technology, strategy, and geopolitics has severely disrupted the international trade environment, causing instability in the South China Sea and the Taiwan Strait. The strict containment measures during the pandemic led to widespread economic hardship, business closures, skyrocketing unemployment, and a decline in living standards for the most vulnerable in society.
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