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Kenz300 x
China Observer
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Comments by "Kenz300 x" (@KJSvitko) on "China’s Foreign Investment Influx Dries Up, Flight Escalates, Chinese Increasingly Rush Money Out" video.
China is uninvestable. There is no rule of law. There is no freedom of speech. There is no freedom of movement. Internet activity is monitored. Cameras monitor public spaces. No privacy. Numbers produced by companies or the government can not be trusted. New laws put everyone at risk for arrest for spying.
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The economy is bad. It will get worse. Xi has killed the "Golden Goose" He has moved the country away from a market economy and back to a planned economy with government owned businesses. Unemployment is rising. Property developers are bankrupt. Banks are running out of money. Local governments are broke. The lockdowns caused many small and medium businesses to go bankrupt. Empty shipping containers are pilling up at the ports.Foreign companies and foreign investors have left for friendlier countries. The risks in China are too high.
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