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Comments by "" (@thomasherrin6798) on "We Have Big China Economy News | The Explosive US Plan To Fight China" video.
China's debt problem including its on and off books debts is about 171 Trillion Yuan, which is greater than the Wider West combined debt, take out another 70 Trillion Yuan for the property market "adjustment", when they actually attend to the problem, and you can see quite a big problem is emerging, the local citizens will require a lot of confidence boosts with Chinese characteristics, most probably by baton if it's anything to do with the subtle CCP!?!
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China's consumers are saving for their pension, give them more money......and they will save more for their pension, the CCP has a poor welfare state for a communist party more akin to the parish system!?!
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Xi can Ideologically move China from the precipice but cannot economically, that is not in his toolbox, and the people that could are no more!?!
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Germany and France? need I say anymore!?!
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@dcc70 Well that assumes China has a plan about what it is doing, and the only thing that is quite clear is they are still going to fund non productive infrastructure by debt, none of its problems are being addressed so it's carry on as normal, but just a smidgen less debt, and fool the citizens into thinking everything is OK!?!
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