Comments by "" (@thomasherrin6798) on "70% Collapse: China’s Economic Time Bomb | Chinese Housing Crisis | Flooding" video.

  1. The Western economy had to do without China to a great part during the COVID lockdowns, it has learnt that it is not such a great model to be dependent on an "irrational" country, which is also becoming increasingly hostile and also wants to adopt a "New World Order" presumably where they are the leading country, the only trouble is none of the other major countries want to change the status quo, the system works well for democratic states (I am not classing Russia as a main country as it's GDP is going to be the fifth largest in Europe next year below Italy's!). So China is becoming increasingly difficult to do business in but it wants to export freely to the world, it wants investors money but not much security guarantees over the investment which has high risks, and therefore China is making itself uneconomic to trade, to start businessess, to invest, the World will find alternatives and China will be a smaller part of that alternative than it is at present!?!
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  2. It's most probably due to the increase in non productive infrastructure development, it uses a lot of steel and is needed to prop up the GDP figures (Whatever "the" figures are) and export dumping if they are still allowed to do that, which they are doing with EV's!?!
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  3. They are pumping money into EV's and batteries but they are flooding the market so there will be a push back on that, their home market is saturated, and it's not returning any profit for the investment!?!
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  4. .....and house prices to be reduced by over 50% and all unfinished apartments to be refunded and demolished if only half complete or in a poor location, it has to be reset to the new normal of 10 to 15% of GDP!?!
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  5. It is not the West's fault that Chinese property has problems, or western markets, there is very little western capital in China's property market, but the West does understand that if there is a problem it is never the CCP'S fault and Westerners hard earned money invested in China should be the only scapegoat, hence why Western investment into China is decreasing considerably and aiding in China's decline. The problem was caused by poor returns on Chinese savers on the stock market due to manipulation by the CCP and guaranteed returns on property prices for decades funded in a large part by state non productive debt. This has laid the seeds for China's current house crisis and is totally the CCP's blame, it should have introduced the three red lines at the beginning of the Ponzi scheme and not at the end when the party was over, the market needs to reduce by over 50%, take Johnny foreigners money by all means, nobody will stop you, they are mugs anyway for investing in China!?!
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  6. Not much, it gives the pollution a big shove to the Ocean though!?!
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  7. Tony just reports the various and wide ranging world views on China, including the CCP's, he lives in China so that's the best way to be, you can then inform your own opinions, Michael Pettis is one of China's lone voices in criticism of China's policies in a sea of CCP platitudes without much meaning except all China's problems are caused by the Wider West, Anglo Saxons and now Jews apparently, maybe Nazis next if Germany abandons China (Not much chance of that due to the state of the German economy)!?!
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  8. ​ @jacobgordon7998  Our entire society is not built on unlimited growth, most of it is built on sustainable foundations, like farming, families, sustainable housing (Long term planning like over 200 year old properties, not the throwaway type!), Sustainable industries which use products that can be recycled and these days sustainable energy when we reduce from carbon (It was ok to use carbon otherwise we wouldn't have industrialised and there was no alternative), but there are no excuses for developing nations today, there are elements of our development which adopts the throw away culture and that will hopefully change over time, humans will adapt and the World will continue even without us for one billion years, humans have only been on the Earth for 300,000 years, dinosaurs lasted 150 million years!?!
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  9. ...well first don't invest in China, then look where the investment for export of goods are going, Vietnam (Communist so high risk), India (Again high risk as foreign investors will be treated shabbily in the event if a problem) or Mexico and Texas, more legal safe guards for your money so invest in companies around there after doing your homework!?!
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  10. It's difficult to assess the Chinese property market as a "market" at present as it is a zombie sector lurching from crisis to crisis propped up by CCP stimulus money to keep it hobbling further down the road where I assume they hope the overall economic prospect will turn around and then they can address the property market fully, but unfortunately it appears there will be no turn around for several years, if ever. The property market should be reduced in price by an average of over 50% (Depending on location) and the corresponding drop in GDP should be from 20 to 30% to 10 to 15%, that's without the unfinished apartments fiasco where the buildings which are not 50% complete should be knocked down and compensated for and the remainder then completed, however this will drive China into a further debt spiral and add to the already colossal 57 Trillion USD total debt pile for this year, it's a very, very big problem that could run through the banking industry if it toppled!?!
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  11. It's being kicked down the road for better times, but.....there will be no better times for a belligerent leader, China's new world order is falling apart in its partially built back yard!?!
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  12. China's lost century, it may never regain its standing as it has become too much of a threat to its neighbours!?!
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  13. .....and yet John Kerry wants China to aid the US in reducing global warming, mind being the US are at 20% pollution, I suppose it's the pot and frying pan scenario, and the UK gets silly protesters for less than 1% pollution, disrupting our lives due to a lack of gumption by the authorities, it does make you wonder sometimes, but I suppose we do get the irony of it all!?!
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  14. If you invest in China you lose big time sooner or later, even Goldman Sachs has gone negative!?!
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  15. We have to adapt to nature, it can be directed in part, extreme weather conditions have always blighted earths inhabitants, it always will, corruption and incompetence are the biggest driving factors with regard to high casualties and damage to infrastructure during natural disasters, by poor planning, shoddy and inappropriate (for the conditions) workmanship and poor maintenance!?!
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  16. The Communists will always spend more money than their citizens earn, that's why that system doesn't work, the Soviet Union was the last case, the Russia Federation is not in much better shape and China is belligerently heading for decline, I would feel sorry for their citizens but they, as a majority, think that the CCP are great leaders of China, when in actual fact........!?!
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  17. ....but that's how corrupt officials make their money in China, by being bribed for permits!?!
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  18. The Chinese EV market, including batteries, is greatly funded by the state's stimulus money to increase domestic consumption and exports for GDP as they could not compete on ICE cars, so they have taken the opportunity to corner the EV market, the only problem is, like everything else they touch it does not make any money, so if the exports are subject to tariffs as they are dumping their products on other countries at an uncompetitive advantage to the home grown businessess this should put a big dent in their plans and make it unsustainable in the long run, Tesla is making money overall but maybe more from energy storage rather than EV's and their market is not confined to China, but it's EV dominance will get seriously challenged in the future, it's failure appears to be it cannot make a low cost reliable EV to compete with ICE models, that is the next big step in the chain!?!
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  19. It's been going pop since 2008, it just keeps spending itself into debt, so it might go for a while yet, another 5 to 7 years maybe!?!
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  20. China can fix its problems, but not with the CCP and that is "it's" biggest problem!?!
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