Comments by "Doncarlo" (@doujinflip) on "Why China Is on the Brink of Its Biggest Crisis in Decades" video.

  1. It'd probably cause even more panic about China's future, as it would signal a critical shortage of funds.
    3
  2. From their unborn grandchildren, who at this rate will never exist to pay back all those bonds and loans.
    2
  3. ​ @jliang70 I was just in the Mainland a couple months ago. Crowds felt kinda listless (especially those in their 20s and 30s), lines and wait times anywhere were reasonably short, and holy f*** was the international airport terminal empty. It's like Zero-COVID didn't end, just the daily swabs and mini-app scan part.
    2
  4. I've heard the true are estimates between 3~5x, which makes even the US seem like a prudent debtor by comparison.
    2
  5. More like bad government, especially when so entrenched that there are no real challenges to their continued rule. It's not the size of the government, it's what they do with the power -- I've lived in low-tax weak-state Africa and it's not any more comfortable.
    2
  6. More like climate change, where the predicted ultimate fate still trends towards true, it's only the timeline that's been too pessimistic earlier on.
    1
  7. Only Beijing-Shanghai and a couple other corridors are truly profitable. There's probably 10x more track that's net loss even after accounting for the local fapiao generated, because passengers and mail don't pay as much as bulk cargo. However most HSR viaducts aren't built as freight-capable quad track that really would've expanded China's internal transportation capabilities beyond the classic river routes.
    1
  8. Only to have a more stable foreign currency to ultimately convert into USD, much like Argentina is already doing with their direct CNY trades.
    1