Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China's Economy Is Crumbling at an Astonishing Speed: 40-Year Boom Is Over. What Comes Next?" video.

! China's economy is crumbling, leading to a real estate crisis and a decline in confidence. 00:33 The Yang family has prepared for the economic downturn by moving assets overseas. China's real estate crisis has affected other economic sectors and led to bearish sentiments on Wall Street. Chinese citizens are facing challenges of business downturns and personal wealth shrinkage. 🇨🇳 China's economy and governance under Xi Jinping face challenges and criticisms. 05:05 Ambitious initiatives championed by Xi, such as 'Wolf Warrior diplomacy', 'One Belt, One Road', and 'Xiong'an New Area' project, are in disarray. Xi's governance style is criticized for having high aspirations but insufficient talent and being unfit for his position. Beijing seems to fear the growth of the private economy due to a deep-seated fear that capitalism and private enterprise could overthrow the Chinese Communist Party. 📉 China's economic crisis is intensifying with property prices crashing and sales plummeting by 70-80 percent, leading to a downturn in retail and commerce. 09:43 China's growth model has shattered and signs of economic distress are evident, entering a challenging period. China is repeating the mistakes of the 2008 financial crisis with an expanding real estate market and massive debt incurred by local governments. The Chinese government's reliance on the real estate sector is backfiring as it constitutes nearly a quarter of China's GDP and is in a bubble.
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