Comments by "Screen Apple" (@screenapple1660) on "China Truths"
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Carrie Lam's governance in Hong Kong, along with the implementation of China's national security law, has adversely affected both the region and the mainland. The crackdown on foreign forces under the guise of national security has led to the closure of foreign factories, exacerbating economic instability.
Communism, with its emphasis on equal distribution, contrasts starkly with the principles of a free market, resulting in economic challenges. Many young people in China are struggling to secure employment opportunities, particularly after completing the Gaokao exam. This lack of expertise in managing or initiating factory operations has led to widespread abandonment.
The reliance on supervisors underscores the deficiency in entrepreneurial skills among the youth. The Chinese government intervenes when factories are abandoned, but struggles to effectively utilize stolen technology or resume production. Consequently, the industrial landscape in China is reminiscent of the Soviet Union era, characterized by stagnation rather than growth.
Various factors have contributed to China's economic downturn, including policy shifts in Hong Kong, the impact of COVID-19, sanctions, and embargoes. These combined pressures have accelerated the decline from a once-booming economy to one fraught with challenges and uncertainties.
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