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Power Shift
China Observer
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Comments by "Power Shift" (@powershift2024) on ""Belt and Road" to "Dead End"!CCP Has No Money to Continue;US Boosts India's "New Economic Corridor"" video.
China's yearly exports to the US decreased 24% even with the CPC manipulating the RMB valuation to boost exports. Also, China's yearly exports to EU and ASEAN countries fell by 13% and 17%. China's labor costs has increased by a factor of 15 since 2002 and it's labor productivity has only increased by a factor of 2. The CPC and BRI were always destined to fail, like all communist countries. Cheers.
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ย @leechenlin6056ย I've been hearing all your Wumao statements for years too but here we are, watching the entire country fall into a bottomless pit with no way out. Sorry sport. ๐๐๐
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Many of these projects are less than 5-10yrs old and already structurally failing or not operable at all. If the project was complete Tofu Dreg, meaning Chinese built, the deal is voided and the CPC gets nothing but more debt (CPC debt to GDP ratio is already 295%, which means economic collapse soon). Cheers.
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Vast majority of BRI projects are inoperable or failing apart after only a few years. They will not have to pay anything until the CPC fixes it, which they can't.
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ย @leechenlin6056ย did Xi not dissappear your loved ones? That's a very big favour indeed.
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For over a year many citizens cannot withdraw any money from their banks that they've been putting their life savings into. Poof! All gone.
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ย @leechenlin6056ย china's stock market is almost non-existant now but don't worry, you'll have another decade or more to continue 'buying the dip.' ๐๐๐๐
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โย @devilishworld4259ย what assets? China itself is a 3rd world country despite the facade of "modern cities" and being "technologically advanced." Their land is unarable and their waters are completely unusable except for dumping toxic waste into it. 100's of millions of Chinese still live in abject poverty, mud huts and all. Cheers.
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ย @ronnelacido1711ย China is negotiating debt restructuring with Zambia, Ghana, Sri Lanka and many other countries unable to pay back BRI loans. China has now called on the World Bank and International Monetary Fund to step in and offer debt relief for their predatory loans. Both institutions will not help UNTIL THE FULL SEVERITY OF THE TERMS OF THE LOANS are known (China is fighting tooth and nail against this, I wonder why?). There will be no port acquisitions, key infrastructure acquisitions or anything else by China. BEIJING IS ULTIMATELY TRYING TO RESCUE IT'S OWN BANKS. That's why it has gotten into the risky business of international bailout lending and is now hemorrhaging money faster than they can control. The CPC is beyond bankrupt, their capital flight is devastating, and they've been bankrupt for years with a debt to GDP ratio of over 295%. It's Enron on steroids. They will be lucky to last until the end of this decade in their current form. Cheers.
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ย @johnwong5317ย so use the new term, search results will then show a genocidal, complete garbage regime when either CPC or CCP are searched.
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โย @johndoh5182ย never use facts or logic on Wumaos or Little Pinks, their tiny brains explode.
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ย @martynblackwell8108ย your mom told me. ๐
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ย @leechenlin6056ย China just released a few hundred billion dollars in gov't bonds to keep its banks solvent, you better buy every last one and be rich beyond your wildest dreams. Oh, and Pooh Bear is out begging for western money, again. ๐๐
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