Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Industrial Exodus From Shenzhen, Guangzhou Crumbles, Leads to China’s GDP Fraud of $1 Trillion" video.

  1. 🏭 Many factories in Shenzhen are being emptied, dismantled, and demolished, leading to a large number of unemployed people returning home. 00:10 Industrial areas in Shenzhen have been cleared out as many factories have moved away, leading to buildings being emptied and cordoned off. A large number of small factories, including the Shang Chong clothing Factory, are set to be demolished, resulting in many people becoming unemployed. Unemployed people are already returning home for the new year, indicating the severity of the situation in finding employment. 💸 The video discusses the impact of declining consumer spending and manufacturing activity in China. 03:42 Return rates for big brands have reached 20% due to constrained consumer budgets. The National Bureau of Statistics of China reported a decline in the country's official manufacturing PMI for November. The manufacturing activity in China is experiencing a downturn, as indicated by the PMI falling below the 50-point threshold. ⚠ Foreign CEO confidence in China has sharply declined due to geopolitical tensions, economic slowdown, and increased risk perception. 07:19 CEO confidence index for China dropped from 72 to 54 out of a possible 100 points Industrial demand in China is lower than pre-pandemic levels, impacting capital investment plans Foreign investment concerns in China are also due to stringent US technology export controls and modifications to China's counter Espionage laws 📉 Chinese authorities are facing a deepening economic crisis, with concerns about stagflation and the need for urgent fiscal and monetary policies. 10:53 Chinese authorities acknowledge the inability of current policies to rescue the market and avert disaster. President Xi Jinping's recent visit to Shanghai is seen as a sign of concern about the current economic situation. Prominent scholars warn of the risk of stagflation and urge the government to adopt expansionary fiscal and monetary policies. 💰 The video discusses the economic pressure on Chinese people due to uneven distribution of medical resources and the impact on medical insurance enrollment. 14:41 Uneven distribution of top grade hospitals increases medical costs for the public. Decrease in medical insurance enrollment and rising premiums lead to more people opting out of insurance. Senior analyst suggests government issue consumer vouchers to address economic issues.
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