Comments by "Doncarlo" (@doujinflip) on "Why China’s Luxury Boom Is Over" video.

  1. Because the actual Chinese market is significantly smaller, older, and poorer than they want us to believe. Plus capital controls, restrictive ownership, and arbitrary enforcement of vague "regulations" make continuing business there increasingly risky.
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  2. ​ @IA100KPDT Maotai gets insanely expensive. Doesn't mean it has a relevant international market.
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  3. ​ @Joey-Jiao Debt is still debt. Especially Chinese ones where payments are only delayed but never forgiven. BRI "partners" found out the hard way that Chinese loans didn't have "strings" but hidden handcuffs, and aren't nearly as negotiable regarding write-offs compared to Western packages.
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