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L BA
Bloomberg Television
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Comments by "L BA" (@lambertois11) on "Long Chinese Stocks Seen Among Most-Crowded Trades" video.
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. The only Chinese who still have savings are the corrupted CCP officials whose money comes from dark magic, not from their hard work! You must take the optimist opinions of some financial organizations with a large dose of skepticism. Either these financial organizations are living in fantasy land or have become a mouthpiece of the CCP propaganda apparatus?
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@ericparadis7882 I do not have a Twitter account. I deleted my Twitter account after the Elon Musk acquisition.
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