Comments by "Winston Smith" (@kryts27) on "Evergrande Is Finished, Parent Company Bankrupt! Biggest Blow Yet in China’s EV Sector, $72B Gone" video.

  1. There are no property rights in China, hence little incentive to save and no private savings left any more. Hence, the taxation revenue for the CCP is running out. Provincial governments already go on a piratical assest seizure and fines spree in despiration (which always affect the poor and working class worse, so much for socialism). In other countries, the CCP would have already been overthrown by now. I know China is an electronics police state, but still why not?
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  2. BYD will be like a Great Wall moment. When the CCP's reverse tarrifs run out. I've seen a Great Wall car, 3 months ago and I drive quite frequently.
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  3. China is a devolved kleptocracy. Luckily, the creditors are not a brutal mafia or triads, but are they? In overseas places where the mega-rich setlle, such as Canada, Australia, Britain etc. have thousands of United Work Front operatives, CCP spies, non-Chinese CCP sympathisers and so on. These operatives are only too willing to commit acts of terrorism against these mega-rich if they have fallen foul of the regime. Leaving China is not a vote of confidence..
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