Comments by "Winston Smith" (@kryts27) on "Canton Fair Crisis: 80% Drop in EU/US Buyers - Exhibitors in Tears: No Orders, No Hope!" video.

  1. The CCP is it's worst enemy. Mainly the economy and trade is in 5 sectors; manufacturing, tourism, services, building and construction and resources export. (Food, minerals, and hydrocarbons). China is now weak in all these sectors, when prior to 2020 it was strong in four. Briefly explained loss of revenue from housing bubble burst has been thoughly explained in this channel, go see that so construction is partially explained. Tourism has died in 2020 due to aggressive Covid lockdowns then came back briefly early this year, now dying off (except BRI recipients, which are generally poor countries anyway and not open to mass tourism. Tourism is counted as an export). Manfacturing exports are down, partially due to a exodus out of China of these types of businesses from North America and Europe, but also from Japan and South Korea,but also from lacklustre imports from large overseas markets (the rest of the world with money is feeling an economic pinch with consumer goods, because economies there are not doing great either). As for services, The CCP has never been good at providing them to the general population. From hospitals to banking, this has always been a fragile sector in China. The Iron Rice Bowl has largely dissappeared under Jiang Zemin and Hu Jintao. Now, with increased military spending on high technology armaments and sensors, and on an ever increasing internal security forces, the CCP has even less money to spend on social services to keep the general population healthy and content. As for resources exports, China is a net importer of food, minerals and energy (whatever lies the CCP tells you about this). The anti-espionage laws have largely driven off existing foreign and potential investors into China. Other than infecting Covid around the world then going into a harsh lockdown for three years, this is the most stupid thing the CCP has done in recent times, and is a function of rabidily nationalistic xenophobia and totalitarian hubris. It will not catch genuine spies and defectors. Xi Jinping is a micromanaging mismanager and probably also a psychopath and criminal in a Hitlerian way, but also becoming more and more isolated within his government system as he purges all that oppose him within the upper echelons of the CCP and PLA. There is no economic relief in China for the forseeable future, as it desdends into a version of West North Korea.
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