Comments by "May L" (@MeiinUK) on "98% Drop In Chinese Startups; 50,000 Disappear in Five Years, Economy Lifeless" video.

  1. A lot of people's pension funds were invested inside China, you know. It is just that anything that goes in.. it gets done in a single day. It is the rate of production which is scary.... So.... They can split their yuans into fractional yuans... and continue to do whatever.. but the standard of living is still there?.... And anyway, wasn't the yuan an internal currency and the RMB is an external one? To fix their problem.. it can be done... and they just need to create a mechanism... It seems such a shame that, they are or had to go to this "big boom, big bust" kind of way.
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  2. Why do they go bankrupt, and they don't do a mergers and acquisitions ? I don't get it...
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  3.  @billmurray1431  : This is because you only saw the "post WTO" period of the country... they do have their own economies, and the way to do things before... Even if you were a millionaire. If you put that money into the bank and let it earn interests. Then it would leave people get rich anyway. It is just that people love raising their prices and things. Which can often cause a knock on effect overall. So... but the summary that I got from this video is that.... "too many companies, all at once, and not enough M&A activities, happened.... therefore it reached a boiling point of bursting".... That is what went on.
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