Comments by "G L" (@gelinrefira) on "Xi's Meeting With China's Top Entrepreneurs, Explained| Shaun Rein" video.

  1. I think the covid and the real estate problem should be put in proper context. China came out of covid later than the rest of the world but with a death toll per capita far far lower than most of the world for a gigantic country. Yes, covid measure did a number on China's economy but it save potentially millions, if not tens of millions of lives. Those lives if lost could have done far immeasurably damage to China. Can you imagine if Liang Wenfeng died in covid, then we will never have DeepSeek. As for the housing market, it was a bubble built by an overheating market with developers making dangerous bets, and unsound financial decisions. The bubble had to be pop, and China did it on THEIR terms. It is because of what they did, that China avoid a 2008-like financial disaster. If the bubble burst later than sooner, the financial fallout from those bad loans, bad business practices would have been absolustely devastating. The Chinese government did the right and have accomplish what no one has done in history; successfully pop a bubble and managed its draw down and reduce its fallout to a minimum. The objective assessment of situations and rational management of any crisis or preventing the crisis in the first place is the proof of the strategic brilliance and administrative acumen and erudite of Chinese leadership. It is why China has already won this century because no country, no society, no culture can consistently produce leaders of such high caliber and a system that can move with the leadership.
    6