Comments by "Louis Giokas" (@louisgiokas2206) on "China’s Manufacturing Firms Take A 10-Month Hiatus: Order Shortage Sparks Closures and Layoffs" video.

  1. Yes, it is a dead-end scenario. That previous wave mentioned was driven by the pull back of inefficient state-owned enterprises. The private economy, especially small and medium size businesses, are generally the drivers of employment. This is true in the west as well. What Xi has done is to drive away foreign capital and customers. At the same time, he tanked the property sector, which grew into a massive Ponzi scheme under his rule.
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