Comments by "" (@thomasherrin6798) on "China’s Corporate Losses Skyrocket In ‘Bloodbath’ | Chinese Economy | Taiwan | Ideology" video.
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@googacct Yes they are managing to keep going but it's paid for by Chinese citizens' debt, currently their total debt burden for this year end will be 57 Trillion USD, they have total assets of 79 Trillion USD Approx. so not much to go, it will be a slow puncture rather than a collapse as the CCP is grabbing control of all the state levers, including an all encompassing banking regulator, control of all the food, energy, military and education, previously prior to Xi the levers were in various states of relaxation, but now they are all back in place, property is still not quite under full control as the property firms are thwarting the CCP with their debt burden at present but it's only a question of time before that is swallowed up by the state!?!
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