Comments by "Winston Smith" (@kryts27) on "German Firms in Shanghai Lay Off Massively, China’s Closures Likened to ‘Hell’s Highway'" video.

  1. This is partly because of a weakness in Chinese consumer purchase power. In reality, much of China is a poor third-world economy with little purchasing power per capita. People in rural China are just lucky to get two square meals a day. The rural population of China still constitutes about half the total population. Less ruralized than in Mao Zedong's time and the CCP has urbanised much of China, but even in the cities of China now, borrowing has collapsed and people are poor and jobs are scarse. Dumping cheap shitty cars on the first world is a way of shifting the unwanted goods out of China for the population that has no capacity to purchase it.
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  2. Direct investment by German banks may reflect a nievity in the economic effects of the massive corruption of totalitarian states in particular and their propensity for technology theft and predatory economic practices. This nievity might have been a function of German outlook on it's 1990s sucessful unification of democratic West Germany with totalitarian East Germany, but this is a nieve outlook. Firstly, the economy of East Germany was much smaller than West Germany, secondly, the moribund East German economy came under direct administrative control from Weat Germany, thirdly and most importantly, both spoke German and had deep cultural understanding and roots. This is not at all the case when dealing with CCP China.
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