Comments by "Power Shift" (@powershift2024) on "Dongguan Is Finished, No Longer World’s Factory! 3 Large Manufacturers Sequentially Close In 20 Days" video.

Moody's have just downgraded HK, Macau and 30 local gov'ts outlooks from stable to negative, meaning insolvent at best. Deposits in Chinese banks have soared since 2015 while private-sector consumption of durable goods is down by around a third and private investment is down by two-thirds. The condition is systemic, and the only reliable cure—credibly assuring ordinary Chinese people and companies that there are limits on the government's intrusion into economic life—cannot be delivered, thus continuing the downward slide. The CPC is clamping down on consultants and statistics-providers whose conclusions might be politically inconvenient. The economy had already collapsed, we're just waiting on the CPC now.
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@MohammedKumar-si4ec China banks closing every week now, all real estate companies bankrupt, factories leaving every day, no money to pay provincial gov't workers. No more mainland China left. It's Western North Korea now. Enjoy your raw sewage food and water with worthless RMB. Sorry Wang. HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA 😂😂😂😂😂😂😂😂😂😂😂😂😂
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