Comments by "" (@thomasherrin6798) on "86% Revenue Collapse | Chinese Economy Sees Painful December | China Reopening | Hong Kong" video.
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That is an "open ended" question, COVID is a temporary blip, China will recover from it, they will accumulate a substantial amount of debt from it also, and they have not managed it in an efficient manner, but I am sure at the end the C.C.P. will say that they did manage it effectively, and better than the West's handling of the situation and their scurrilous efforts to sideline China type scenario. However China had several systemic problems before COVID and these problems have not gone away, the non productive infrastructure debt accumulation (No return on the investments) since 2008 (Approx.)being the biggest factor raising the debt to GDP level to 300% and rising, which is set to continue for the foreseeable future, for example building high speed train lines to nowhere is costly and continues to draw resources in maintenance when there is insufficient revenue to recoup the investment but what do I know, I'm not an economist, perhaps they better start listening to Michael Pettiss instead!?!
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