Comments by "" (@craigkdillon) on "China Observer" channel.

  1. Question: Does anyone know if bankruptcy can be declared by people in China?? What happens to a person who is overwhelmed by debt?? Also, In the US, a person's business can be separate from the person. A business can go bankrupt, but the owner not be personally bankrupt, if the corporation is set up to allow that. Can that be done in China? Or do the debts of a business fall to the owner?? Basically, my question is as middle class people fall into poverty, do their debts follow them?? If so, then they will have no escape. No chance to recover someday.
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  2. How does saying he would like 140 million Chinese to be killed prove his loyalty to the CCP?? I just don't understand that.
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  3. China brought this on itself. Xi and the CCP have insulted and threatened so many countries. It even threatened non-powers, like Canada, Sweden, Vietnam, Philippines, and others. If war happens, which is a possibility, then China trade shuts down because maritime insurance will not be available. Any company producing in China will not be able to get its goods to market. SO, they have to move out of China.
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  4. The speed at which China is collapsing is amazing, since the CCP abandoned the policies of Deng. China has created another problem for itself --- When China decides that the policies of Xi must be changed, the world will not warmly welcome China back.
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  5. learn to speak English. Mispronounce so many words. Hard to take.
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  6.  O Car  It is. I was referring to the closing of the Japanese commercial street in the Toshiba part of the report. It is towards the end of the video.
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  7. The CCP is at war with the Chinese people.
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  8. China's high was so high, that it will take awhile for China to hit bottom. It will take a few years, I think. Maybe sooner.
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  9.  @JohnJaneson  you have not understood a word I said.
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  10.  @diedampfbrasse98  Doesn't matter. Non-sequitur.
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  11. If forced to leave in the US, many people would just burn their houses down, and walk away.
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  12. China's National Bureau of Statistics -- Now that is one organization that is doing well, making up more stats than ever.
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  13. Meanwhile, China just published a map which is a declaration of war against various countries that the map claims parts of === Taiwan (of course) Japan Philippines Vietnam and Russia (I bet you weren't expecting that). Worst was India -- China claims Arunachal Pradesh and parts of Kashmir. Does China threaten war to achieve its claims? It has gone to war in the past, and threatens war today. Why would any of those countries want to trade with China? We in the US don't.
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  14. This is from last year, not now. FoxConn and Apple are moving out of China.
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  15. This was NOT caused by COVID. It may have been accelerated by COVID, but this was going to happen, no matter what. Businesses avoid risk. Talk of war increases risk. Especially when, if a war occurs, maritime trade will cease. Companies could no longer rely on Chinese manufacturers when that happens. So, they move manufacturing out of China. China can only transform its economy. But, that takes time. And this has happened so fast, there is no time. People will suffer. The CCP will kick the Chinese people when they are down. The CCP lacks humanity, mercy, and kindness.
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  16. The CCP is hated. People are leaving it. It's membership is way down. How much longer an it last?
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  17. This is what happens when you threaten and scare your customers. Often, to make deals with foreign companies, executives need to travel to China to meet and talk business. BUT -- Xi and the CCP have arrested some, and threatened them with lengthy prison terms. They did this to extort actions by foreign governments. What China ended up doing is making doing business with China fraught with fear. Easier to just do business in another country. Would you go to China under such threats?
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  18. The cure is worse than the disease. It is as if China, as a country, is committing suicide.
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  19. Sad for you. I jump with glee, for Xi will only use the wealth from industry to build his army and attack other countries. The only way to have peace is for China to become poor again. China was welcomed into the world system. Made a member to the WTO. We even allowed it to keep its developing nation status long after it should have lost it, to help China grow economically. The US leadership hoped that China would become more liberal, and "normal" as it got wealthy. That did not happen. In fact, Xi proved that China will use its wealth to threaten others and make war. So, the plug had to be pulled. Now China is going down the drain.
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  20. China invented computer chips in 347 BC. So, now they can make 5 nanometer chips by hand. Took them long enough. 😂😂😂 Just trying to help their propaganda campaign.
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  21. China is killing its own economy. Reports have said that Xi's main goal is to ensure the power of the CCP, and that powerful profitable companies threaten that power. So, Xi is making sure companies are not successful. Xi's error is that companies are moving their operations out of China for that and other reasons. Along with them goes jobs and the foundation of the Chinese economy. China is impoverishing itself. It is going back to the poverty of the Mao era. Xi loves Mao, and is doing his best to recreate his world.
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  22.  @youxkio  Yep. But, he is also going down the road of the Chinese emperors. To me, the CCP looks more and more like the privileged eunuchs, who ran the ministries for their own benefit, let the average person be damned.
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  23.  @strongbold2761  How optimistic. You say a war won't happen because it would be too horrible. Have you read any history?? Look at the wars of the Mongol Horde. Look at our Civil War. Look at WW1 and WW2. These wars affected and killed many people. That horror did not stop them. I wish you were right, but you are not.
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  24. Silly CCP. They think that they can force private companies out of business, and transfer their business to state owned enterprises. That won't happen. They cannot transfer the business relationships with foreign buyers to the state owned companies. Also, businesses like peace with stability. Xi's shrill threats to Taiwan, Japan, Australia, and the US destroys the expectation of peace and stability. So, business is taken elsewhere. Xi and the CCP are doing an excellent job of destroying the economic juggernaut they inherited. It will not return.
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  25. In all other countries, buildings last forever as long as they are maintained. In Chicago, we have buildings build in the 1890's still being used. They are solid and well built. Why should buildings in China only last 50 years?? Could you imagine if we had to destroy the Empire State Building, Sears Tower, or the Merchandise Mart because they are all over 50 years old??? That is crazy wasteful.
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  26. Working without pay is called slavery. Is China being reduced to a nation of slaves?
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  27. The real estate development crash will feed into a widespread banking crash. A banking crash will create a general collapse of the Chinese economy. This is inevitable. The CCP has run China as the world's largest Ponzi scheme. All Ponzi schemes end in failure and collapse.
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  28. Don't forget -- local governments were financed by real estate speculation. Now, local governments are going broke. Teachers, police, transit workers, and other local government employees are having the pay cut by 50% or more. The collapse has only just begun.
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  29. 6.5 million construction workers out of work and out of money. Meanwhile, government workers are get half pay or less in many areas. Millions of factory jobs lost. Millions of retail, restaurant, and hotel jobs lost. Misery and destitution is China's future. Will China continue with CCP rule??
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  30. Stopping the war on the world would be a good move. Threatening war and using rude Wolf Warrior diplomacy is not a way to build friends and good will. 20 years ago, Americans were impressed with China. Many admired it. A large number of people, and some of my relatives, went to China and loved it. A friend of mine lived in Shanghai and taught there. Now, 80% of Americans hate China. China is now considered an enemy. Xi did that.
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  31. In the Middle Ages, when a king, Prince, or Lord was short of money -- they would tax their subjects. This was done with impunity, and was done to pay for wars, or just parties. This is what the CCP is doing. The same thing a Chinese emperor would have done when short of money. Just tax the people more. They have problems??? That is their tough luck not being born to the privileged class.
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  32. China's xenophobic behavior of late will discourage any help from other countries. NGO's are not allowed to operate. Mainly, though, it is China's bullying and war posturing that makes people unsympathetic to China's problems or suffering.
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  33. I am sure he will be the first to volunteer to among the 140 million Chinese to be killed. Pursuit of death makes him so happy.
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  34. So said the computer when playing "Thermonuclear War"
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  35. When will the governments of the world RECOGNIZE TAIWAN ????
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  36. Every bubble bursts. The bigger the bubble, the worse the burst. When the China bubble finally bursts, it will destroy China. It will take several generations for China to recover. But, the nations of the world won't be inclined to help it. For, China has shown itself to be any enemy of the world.
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  37. Sidewinder is pronounced with long I -- "side-wine-der" Not "side-win-der"
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  38. We have known for a long time (at least I have) that China's stats are fake, and not close to the truth. For me, the really BIG question is ===> Does the CCP merely lie to their people and the world??? -- OR --- Does the CCP lie to itself as well?? Does Xi think China's GDP grew last year? Personally, I think and fear that Xi and the CCP leaders actually have NO IDEA what is going on. You and I can see what is happening. We can extrapolate to a disastrous future for China. If the leaders had a clue, wouldn't they have taken action years ago to avoid it?? I think so. Therefore, they must not know the real numbers, and don't see the unfolding disaster.
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  39. It won't be Evergrande alone. The entire real estate investment & development industry in China is collapsing. I believe they were all following Evergrande's policies. I believe they are all suffering in the same way. I believe all will suffer the same result. For China's economy, this is disaster. A disaster too large for the CCP to excuse with propaganda. To big to just blame evil foreigners.
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  40. And how does China expect to achieve their goals by poaching in the EEZ's of SA countries?? China is run by idiots.
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  41.  @laserflexr6321  There is a time for new. There is a time for used. The trick is knowing which is when.
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  42. Xi and the CCP are doing their best to destroy China. To hold onto power, they will do anything. Bankrupt companies. Impoverish people. Destroy lives. Enemies of China need do nothing. We all quietly watch as China destroys itself.
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  43. China is addicted to building. They think that tearing down recently built factories to build new ones is a good strategy to boost their GDP. It comes from how they calculate GDP, not from common sense.
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  44. They told foreigners they were inferior, and not wanted - so they left. They told other countries they were their enemy - so they stopped buying from or investing in China. Now their economy is going to crap. All the people brought out of poverty will be going back into it.
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  45. Your constant description of Xi's autocratic policies as "leftist" is wrong and misleading. Leftists, or liberals, support democracy, not autocracy. Please correct your rhetoric.
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  46. If an American talked about killing 140 million Chinese, he would be labeled a warmonger or a nut job. But, a Chinese guy talking about killing 140 million Chinese is proving his loyalty to the CCP. Are they crazy, or merely insane??
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  47. The idea that China's economic slump was due solely to COVID was stupid. Anyone watching China knew that other serious factors were at play. I. the real estate collapse and bankruptcies of developers like Evergrande is wreaking tragedy on homeowners. They are losing their life savings in many cases. 2. The CCP has made it very clear that western companies are not welcome. Apple, Samsung, Foxconn, Toyota, and many others have left, or are preparing to leave. The Port of Shanghai's traffic is way down. Containers are piling up on the dock. 3. CCP has increased war tensions. The risk of war increases the risk of all companies doing business in China. Companies are risk averse, so some are leaving for this reason. Altogether, multiple factors are hitting China's economy at the same time. If only one was happening, China could probably cope and recover in a short time. Taken together, it means that China's economy is re-structuring and will not be the same for generations. If China wants to start the process of healing and recovery, it should start being peaceful. It should treat its neighbors, and most natural trade partners, with affection. Too bad, the CCP does not even know how to do that. Its belligerence and combativeness is too deeply engrained in its psyche. The only mystery now is how far will China decline?
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  48. This is the result of China going to war with the world. How can the CCP expect trade to go on normally, while threatening the countries that are its customers??
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  49. Children of the CCP are OK. The others don't matter. What's the problem?
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  50. I think this is just the beginning. Much of the Chinese middle class will fall back into poverty. Xi has destroyed the manufacturing juggernaut that was China. Xi and the CCP had no idea that their extreme measures to control and weaken the newly rich entrepreneurs would destroy their source of wealth. Does not look like they have accepted that fact yet. Their policies continue, and the companies leave.
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