Comments by "" (@thomasherrin6798) on "Will China’s Housing Crisis Trigger Financial Collapse? | China’s Economic Indicators In September" video.

  1. It's been a Zombie market ever since Evergrande defaulted on its payments, with the occasional stimulus jolt administered by the CCP to keep it going, they haven't decided how to end it as yet and give birth to the new monster!?!
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  2. Exports are shrinking by lower margins than property but like property it is on a downward trend, real estate is more than shrinking massively it needs to be reset to the new normal. I wouldn't trust any Chinese figures, although a minor uplift in Domestic Consumption is a bit like one swallow for Summer, when the property market is "readjusted" then we will see a better picture of the true economic picture but that might take several more years or tomorrow, it's anybodies guess. I think the upcoming meeting between Xi and Joe will more than likely be "disappointing" as China will try to force it's weakness as a position of strength, it's just the way they are at present!?!
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  3. Debt is a problem, but China's debt is far worse than the West's, it can be attributed to COVID and Russia's illegal invasion of Ukraine, we are slowly adjusting to the COVID pandemic and when the war in Ukraine is over normality will be restored in a short number of years for the majority, Russia and China look to have more long term issues!?!
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  4. Exports will decline for a few more years yet, supply markets are still readjusting it's too early to assess the full impact of diversification, reshoring, technology bans as yet!?!
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  5. If they don't sort out their systemic problems that is correct, but they might do, it's unlikely, but you never know!?!
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  6. China manipulated the currency, it's not a big secret they do it all the time by different methods, but it is only a technical adjustment and not an event driven adjustment!?!
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  7. ​ @cooldudecs  Michael Pettis believes the way forward is domestic consumption not Export driven growth which is the "old model", whether the CCP can hand over some of it's money to the domestic consumers is fraught with ideological problems, and the CCP like their ideological path to be kept to themselves, with increasing detriment to the economy and its citizens!?!
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  8. ​ @tonysu8860  China has declared a one sided economic war on everybody, why we put up with it is beyond me, the Western Governments can't seem to control the money men, although even they are not investing in China in significant amounts at present but I think it's because there is no stimulus money being offered by the CCP to underwrite their bets!?!
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  9. When the CCP has spent all its citizens money by the looks of it, about seven years!?!
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  10. I'm sure that is the primary reason why they were put up there, it really is a waste of time using technology in this way, better uses could be found for it!?!
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  11. China's woes are bigger than the US's by far!?!
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  12. It's not going to be a Japan collapse, Don's channel suggested it would be a USSR style collapse but what will happen in China if that were to take place is unfathomable!?!
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  13. In China - Nobody knows. In the rest of the World - It isn't!?!
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  14. .....and Yale university for Western Companies position on Russian sanctions!?!
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  15. Xi doesn't want to empower his people he wants to disempower them and follow the CCP rules on World Order, Dictatorship begins at home!?!
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  16. The CCP and Russia have the major systemic problems, everybody else (Apart from the corrupt leaders who were struggling before) is slowly getting back up to normal with a few "bumps" in the road!?!
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  17. It's an imprecise way to use the wonders of modern technology when I'm sure a better use could be created for it, it's only looked at this way as the CCP figures are considered unreliable and on every table they should be marked as such, along with Russia!?!
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  18. It has to sort out the property market first and that might delay things for a while, and yes all their "economic measures" to date is adding fuel to the fire!?!
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  19. There is enough Chinese citizens money in CCP controlled banks to keep the CCP going for another decade, but then it will be all spent. The CCP is still trying to work out who is going to get the bloody nose from the property fallout as the developers have spent all their money and are potless, is it the Chinese citizens with apartments and mortgages, is it the ones with mortgages but without apartments, or is it Local Governments, or is it CCP financial institutions, or will it be all the Chinese Citizens with money in the bank, unfortunately for China the "few" foreign investors will be shafted but not enough to make a difference this time!?!
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  20. It's stably unstable, until they sort out the property market to the new normal they are in uncharted waters for the whole economy going forward, a large sector of their economy has malfunctioned and will not return to the way it was, delay is only making the problem bigger!?!
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