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L BA
Bloomberg Television
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Comments by "L BA" (@lambertois11) on "China Onshore Stocks Have Room to Grow, BNP Paribas Says" video.
You must take the optimist opinions of some financial organizations with a large dose of skepticism. China housing market, which represents 30% of GDP, has crashed; the saving of million Chinese have been wiped out by the 65 million unfinished apartments; the housing developers cannot repay their $multibillion loans. Ninety percent of China steel industries are operating at a loss. The owners of thousands of small businesses have spent all their savings to survive the 3 years of lookdown; Zheng Yuhuang a professor at Tsinghua University published a study: In 2022, 460,000 enterprises have gone bankrupt and 3.1 million private businesses had to close. Very sadly, the brutal inhumane opening has cost the lives of tens of millions of Chinese.
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