Comments by "Rap" (@rap3208) on "15 Reasons Why China's Economy Will NOT Collapse" video.

@MarkYeung1 They are moving out for a lot of reasons. First they are moving out because the US tells them to move out or else face sanction themselves. Two, China is not the low wage nation it was in yesteryears, so the companies moved to Vietnam and anywhere else where they have lower wages. Three, the chinese themselves are going out of China and establishing their manufacturing in the global south - Africa, SE Asia, Latin America, etc.. It is the high tech, high profit industry that they want to keep in their country.
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And also, the US who is the leading economy in nominal GDP has its GDP primarily based in finance, insurance, and real estate (FIRE) which is largely artificial as it is just manipulation of numbers, they don't make anything.
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@l00tur The chinese say they are a socialism with chinese characteristics. They are not truly communist yet but that is their goal.
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