Comments by "Patrick T" (@patrickt49) on "Is China’s 'New Silk Route' Doomed to Bankruptcy?" video.

Except his "faking it" is becoming too costly on his own people and their economy.
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What old age pension? Their health insurance is literally getting slashed because local governments in China can't even meet their financial obligations.
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It's basically just an attempt for China to keep their people working and for some politicians to gain from kickbacks and bribes. These self proclaimed "experts" are taking their so called "expertise" to these poor countries because people in these poor countries don't know any better. Those standards would never work in the developed world and they know it.
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Yes, it's called more debt. How else can China get itself out of this one when they aren't seeing the results that they initially projected? All they are going to do is kick the can down the road, and they're certainly not going to liberalize their financial system because the CCP can't do well enough to leave anything alone without their constant interference. They're also caught in the "middle income trap" as mentioned by @Kev wherein they don't manufacture high value goods like Japan, South Korea, and Taiwan, and they are no longer the cheapest in terms of labor, which is why multinational firms are moving to Vietnam, India and other parts of Southeast Asia. China will still be around for manufacturing but it's not going to be the same as before, the numbers just aren't adding up.
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All that infrastructure doesn't mean anything when you have a corrupt government whose policies are keeping investors from pouring their money into a country. China has a ton of infrastructure. Just look at all the apartments they have built? What about all the ghost cities that stand empty? Are those places booming economically? Of course not. So infrastructure isn't the be all and end all of everything. It has to be coupled with things such as demand for example, which China obviously fails to take into consideration.
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