Comments by "" (@thomasherrin6798) on "86% Collapse, China Government Default Fears Grow | Chinese Popular Opinion" video.

  1. Corruption is a big factor in the regions also, I do not know if it is more pronounced in poorer provinces but it would make sense and another reason why the debt is so high, it's not all competition (Although it is mostly unhealthy competition as it is a substantial amount of non productive debt), a significant factor is also greed added to the non productive debt!?!
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  2. ​@汉服百度 Hanfu Colorful China's 2023/2024 debt refers to Central and local government of 57 Trillion USD total debt, both on books and off books, not including private debt, compared to about 37 Trillion USD of Total US debt as a direct comparison, I.E. China's debt is more than the Wider West total debt combined!?!
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  3. ​ @hanfucolorful9656  China's 2023/2024 debt refers to Central and local government of 57 Trillion USD total debt, both on books and off books, not including private debt, compared to about 37 Trillion USD of Total US debt as a direct comparison, I.E. China's debt is more than the Wider West total debt combined!?!
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  4. Well the funding of infrastructure by non productive debt in China started around 2008, it has continued ever since, the CCP has all the levers of power and in theory can spend all its citizens money to achieve its target GDP goals, but lately the debt burden has made the GDP targets difficult to maintain and keep the finances secure, it should reset to the new normal, but it politics so the CCP is delaying it and hoping something will turn up but it is all turning down at present!?!
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  5. You own the property but not the land, I believe it's like a 99 year leasehold then you have to pay for the land again assuming the property is still standing and the CCP doesn't want to do something else with it, I suppose things are a bit up in the air as the CCP only started in 1949 and therefore the 99 years malarkey doesn't kick in until 2048 for the first time maybe!?!
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  6. ​​ @hanfucolorful9656  China is the number one car maker at present but funded by large amounts of subsidies, it does not make money on what it does. I don't know about its ship building and if that makes any money but I would be surprised if it did. The Chinese plane is only registered to fly in China (...and maybe Russia!), it is made of substantial parts bought from the West, and it costs more than it can economically get back (I.E. funded by debt). Airbus is building a plant in China most probably as part of the deal as China bought a large order of airbus planes. China currently makes low and mid range chips, if it could make high end chips it would have done it several years ago, again lots of investment has been spent on making high end chips but it has been mired in corruption and bankruptcy. China overall is not making any money, only on surplus trade to North America and Europe and that, at present, is the market China is mostly belligerent to. As Tony reported the local governments have spent most of their allocated funds already for 2023/2024!?!
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  7. China's collapse is a slow puncture currently funded by non productive debt (Since around 2008) until it can no longer borrow that debt as it exceeds its assets, at this time China will have to reset its economy to the new normal with a reduced GDP and curb its spending, this will be in about seven years. Economists have been reporting China's "reduction" (Or collapse on YouTube) as they assumed it would have happened well before now and the bigger the delay the bigger the adjustment to the new normal. China can turn things around without resetting the economy, but this would require the CCP to relinquish significant controls over its citizens lives and unfortunately that is not going to happen anytime soon, or ever if they can help it!?!
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  8. Yes the Russian/ Ukraine was hard to take, perhaps Russia can nibble a bit more of Chinese territory, it might enlighten them, but unfortunately, I doubt it!?!
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  9. The US default is a political tussle between both parties in power and is not a systemic problem, China has only one party so no political infighting (Well except for the various factions of the CCP but Xi has removed all the major ones), but it has several major systemic problems, and that's a big difference!?!
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  10. ​@汉服百度 Hanfu Colorful China's 2023/2024 debt refers to Central and local government of 57 Trillion USD total debt, both on books and off books, not including private debt, compared to about 37 Trillion USD of Total US debt as a direct comparison, I.E. China's debt is more than the Wider West total debt combined!?!
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  11. China is not going anywhere, however it does have systemic problems fueled by long term debt problems which will require the economy to be reset, the CCP controls all the levers for that reset but the longer the delay the bigger the reset, this will if course affect the poorest citizens of China the most, as with other countries when a downturn happens!?!
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