Comments by "Shun Di" (@shundi4264) on "China’s Banking Sector Collapses! Over a Thousand Branches Shut Down, up 30% Annually" video.

Since 1990, Economist has been predicting the collapse of China. Since 1990, the size of Chinese economy has been multiplied by 30 times. That's 3000%.
6
@dennissvitak5475 Not a collapse. China has more than $3 trillion national reserves, the highest of any country. Gold reserves 72 million ounces. Money not really a problem.
2
@NTJedi Corruption is no longer a concern in China. Everyone living in China will agree that corruption has much improved from 10 years ago.
2
@seekthetruth1478 China debt is not small but it is less than US debt of around $34 trillion. Debt is just one part of the equation.
2
@seekthetruth1478 Thanks for your lessons. S&P, Finch and Moody's still rate China A+, although Finch lowered outlook to negative - a valid concern. Yes, credit rating is lower than the US but A+ is still very far from speculative grade of many other countries. Is it going to collapse? Not likely.
1