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