Comments by "" (@craigkdillon) on "Is China relying on SOEs to tackle the real estate bubble and local government debt?" video.

  1. Lei, you did it again. Clear, precise, and concise. Excellent analysis.
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  2. How I interpret the actions of Xi & the CCP --- The rise of China in the last 40 years had created a new class of wealthy business leaders, and millions of high value well paid workers. These people were going to want what comes with success - freedom to travel, freedom to read what they want, to say what they want, and other freedoms. The CCP could not have that. SO, they are using COVID to destroy the business class. Industries moving out of China, and its economy shrinking -- is all OK, as long as they keep their power. HOWEVER, the CCP has shown, many times, that it cannot think ONE move ahead. With the loss of industrial companies, and the export market they satisfied, the CCP will have much less money to build the navy, army, and air forces it wants to intimidate its neighbors, and become the hegemon of the region. The threat of China becoming a hegemon will soon fade away. In the 60's and 70's, the world was adjusted to an isolationist China. The world economy hummed along, not giving a damn about China. Then China opened up. Now we all care. As China reverts back to its old isolationist form, there will be discomfort and dislocation as the process unfolds. In the end, we will be back to the 60's and 70's, we won't care about how China operates --- --- it will be isolated.
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  3. I disagree --- sort of. In terms of problems China is FACING, the real estate bubble and its debt is #1. However, the use of COVID to attack and destroy China's manufacturing and underlying economy is a much bigger problem that China is CREATING. If is as Xi & the CCP has declared war on China itself. Xi & the CCP are doing more damage than 1000 HIMARS rockets could have done. If the US had caused 1/10 the damage within China that Xi & the CCP have done, we would be at war. It is obvious to me, that Xi & the CCP don't value wealth, they only value POWER ! ! !
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  4.  @sunmanyi3265  Did you read my post??
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