Comments by "Twomix" (@twomix1822) on "China Update" channel.

  1. Pro-Beijing HK politicians: COVID cases rising… help? CCP: You are insufficiently loyal to the regime!
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  2. Watching your reports is like watching another episode of “How China’s economy went from hero to zero”.
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  3. I like Magnus’ analysis basically he is saying “the current CCP regime goes or the Chinese economy goes”.
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  4. The fact that "China will grow old before it grows rich" is becoming true after all.
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  5. Here comes the stock dump.
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  6. PRC is heading towards the same as 1990 Japan -- utter economic stagnation for the next decade or two.
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  7. Of course they blame the local government officials. All tragedy caused by the higher ups are blamed on the local government officials. The reality is in other provinces they are suffering too but you don't see the kind of mass angry reaction from Shanghai. Some has estimated the deaths from the lockdown maybe be around 100,000s+ compared to the relatively few deaths from COVID.
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  8. Yep still under 5000 COVID deaths but 10s of millions of untold “Zero COVID policy” related deaths. There are videos circulating on Twitter of a Da Bai telling a Chinese citizen if you can’t afford the cost of the mandatory COVID testing then you’ll be forever stuck in your home. That is the real China. While the cost of the COVID tests are relatively low it is a huge burden to Chinese citizens who have no income (due to being laid off , etc.) and they have to do it multiple times per week.
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  9. Lol not allowed to lower prices for property sales but allowed the state to purchase property for cheap. This is what they called “harvesting the leek”.
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  10. Winning the election with only one candidate. 🤣🤣🤣
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  11. The west has pretty much given up trying to liberalize, democratize and cooperate with PRChina. 40 years of appeasement to the CCP PRC regime has amounted to nothing. China prospered because of globalization but we are now entering an era of decoupling and deglobalization. Frankly economy wise China is finished — they are now facing rampant stagflation, demographic collapse and unsustainable levels of debt. Without the US buying stuff from China, the Chinese economy is doomed as local consumption of goods in China is cratering even faster than US consumption of goods from China. Some geopolitical analysts concluded that the PRC would cease to even be a sovereign state in about 10-15 years.
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  12. Let’s put it this way.. during the great famine of China in 1959 - 1962 people resorted to eating their own babies while Mao Zedong exported grains to Russia on the (wrong) assumption that those were surpluses. Once it became known that didn’t topple the CCP. Now that the Chinese have tasted a measure of wealth and good life I wonder if it will be different this time around. They can always leave their country permanently (which a lot of the wealthy Chinese did, by taking their skill and wealth with them). There is so much capital flight and emigration the CCP stopped issuing passports for fear of capital and brain drain. But I highly doubt there will be a mass armed revolt against the CCP. 🤔🤔🤔
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  13. Frankly without a political change in China, I don’t see how investors will want to invest their money in China ever again.
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  14. Many are especially pissed at Chinese encroachment and overfishing by Chinese industrial trawlers on traditional fishing grounds of FSM fishermen.
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  15. When the PRC government had to have a specialized task force to debunk bad economic news from western media outlet is when you know shit is really hitting the fan.
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  16. Everything the ccp does now is all about propaganda, obfuscation and global brainwashing because its prosperity model has failed.
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  17. I would take everything predicted by Goldman Sacks with a grain of salt. There are the ones who predicted that China would bypass US economy by 2525 in 2015. Goldman Sachs uses data to predict economic outcomes except the problem is China's economic data are mostly falsified.
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  18. Interesting topic to talk about tomorrow. Why was Hu Jintao unceremoniously escorted (I say kicked out) of the 20th NPC just before the final vote to proclaim Xi as Emperor Pooh for life ? Also Li Keqiang has been forced out too as premier and Li Qiang (huge Xi supporter) will replace him. Pretty much all the moderates are now out and replaced with Xi clique hardliners and ultranationalists. Note: Li Qiang was the guy who had a hand in the 2022 Shanghai COVID lockdown fiasco as he is the Shanghai party secretary.
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  19. Looks like China is falling apart piece by piece.
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  20. Ironically China invaded Vietnam before in 1979.
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  21. New form of human civilization? Is that euphemism for the return of slavery with CCP characteristics?
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  22. Each time the CCP engages in acts of "great benevolence" millions of Chinese people tends to perish...
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  23.  @gtw4546  I agree rapidly aging population NOT the contributing factor to increased authoritarianism. Basically what happened after the market liberalization years started by Deng (1990 - 2012) was private businesses and billionaire businessmen became a powerbase and institutions into itself that is not entirely under control of the CCP. Under Xi Jinping, he believes power must be solely concentrated into the hands of the party elites and princelings not business elites (like Hu Jintao or Jiang Jemin) hence the crackdowns at the expense of businesses. Xi calculated if the CCP continues to lose power to the business elites eventually the CCP regime could face demise. It's a calculated risk by Xi to roll back the influence of the business elites, concentrate on rebuilding state run enterprises and state capitalism to replace the business elites. It's basically a power struggle between the princelings (2nd generation red guards) and the business elites. Of course out of this the Chinese people/society are the collateral damage. It's also causing angst to foreign relations with western powers.
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  24. CCP mentality: Let's get ourselves out of this credit crunch hole by digging deeper holes. 🤣🤣🤣
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  25. Hahaha she is only there for the $$$.
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  26. Ironically, Li Keqiang’s (another CYL faction member was purged too) replacement was Li Qiang (Xi loyalist) who was the one in charge when the 2022 Shanghai COVID lockdown fiasco happened. Normally there is a gradual ascension of ranks from lowly bureacrat to politburo standing committee but Li Qiang went from party general secretary of Shanghai to politburo standing committee (massive promotion). I bet he pissed off a few people with that promotion. I guess personal loyalty to Xi really buys you a seat in the new Xi era. The false claim of China’s government are composed of meritocratic technocrats has finally been busted.
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  27.  @gtw4546  Yep if the US really wants the Middle East to go to hell all it needs to do is pull out the US fleet and watch a massive power vacuum happen in the Middle East overnight. Pirates and rogue states will jump on those tankers so fast most of the oil cargo will be lost to piracy. China can only be prosperous because of the world order provided by the US.
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  28. China: We oppose imperialism unless we or our allies are doing the conquering.
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  29. Let's put it simply: If you are a western investor still investing in China right now you deserve it when the regime confiscates all your money for "common prosperity". Autocracies are terrible places to put your money in because the regime CAN and WILL confiscate foreign investments and investors will be left without recourse like what Putin did last week. China is not much different from Russia, the PRC regime has no qualm about confiscating western investments.
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  30. It's all about keeping up the appearance of "growth" on paper in order to prop up the regime. The regime doesn't care if people becomes actually prosperous. They only care of the "appearance of prosperity". In a sense, China under the CCP is a hollowed out country. Pretty on the outside, rotten and hollowed out on the inside.
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  31. The only way to combat totalitarian regimes like the PRC is to project strength, confidence and aggressiveness.
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  32. Glad there is now stricter US inspections of Chinese ADRs. Many Chinese companies are kinda scammy in their financial reporting. Too many cooked books.
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  33. This is what the CCP does...they say nice things to the world but do bad things behind everyone's back when nobody is paying attention.
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  34. CCP: Let’s prop up the flagging economy with more waste spending and debt.
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  35. The PRC real estate industry isn't facing a liquidity crisis, it is facing an insolvency crisis -- huge difference there.
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  36. From what I am hearing people have stopped reporting for daily PCR test and some of the city officials no longer tries to enforce stringent measures as well (they're as exhausted as the locked down people themselves). It doesn't really mean omicron is really gone, but it merely means nobody is reporting any new cases out of fear. That's how China works. The whole zero covid debacle was a political test on how far the regime can push the Shanghainese and they realized people will now fight back if they are pushed far enough.
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  37. Yep typical CCP solution to everything. Our COVID cases were going down because we moved the sick people outside the city. 🤣🤣🤣
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  38. Last week I heard there are already 2,000+ cases in Xi’an and they suddenly stop updating the world of the cases in China. It’s interesting to know it’s spread now all the way to Beijing, Shanghai and Shenzhen.
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  39. If you are still investing in Chinese ADR stocks then you will probably deserve what's coming next. Get out while you can. Liquidate. Liquidate now.
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  40. A third term of Xi would pretty much ensure the PRC continues along its merry way to self isolation and economic implosion.
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  41. LOL ...typical Chinese excuse "We have made poor decisions in investments due to extreme arrogance and idiotic speculations but ultimately we blame foreigners (America)." 🤣🤣🤣
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  42.  @Leshic2  Yep most of the Samsung fab in China are the low end 20-30nn chips not the good high tech ones. China still cannot produce the cutting edge 10nn - 5nn chips that's why it is very reliant on US/Taiwan/Korean/Japanese chips. It's most advanced foundry SMIC can only reliably make 10nn (2 generations behind Taiwan's TSMC and Korea's Samsung which can make 7 and 5 nn chips and gearing up for 3nn in 2022). It isn't for lack of trying though, China is investing heavily on chip production and has blew massive amounts of money on it (over $300 billion dollars). However high end chip is very complicated business, it takes over 100+ steps to produce a cutting edge FinFET/MoSFET 5nn chip wafer. You also need to hire thousands materials engineer to do the work (it's a super labor intensive job). Also the US ban on exports of lithography machines to China has basically crippled China's ability to catch up.
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  43. Answer: You don’t own property in the PRC. You only lease property from the government on a 50/75 year term. You can own homes and apartments however. I would say sell and get your money out of the PRC. There is no riding this out as the low end commercial real estate will collapse sooner or later. The only ones profiting off real estate right now are the high end luxury apartments but even they are hedging their bets and selling their assets and converting them to dollar and hiding them overseas.
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  44. I agree "good" housing policy is selling affordable living spaces to the poor not build more empty luxury apartments.
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  45. I've read about that -- people were trading onions, potatoes and veggies as payments for their apartments. I guess the barter system is in again. How many cows, pigs, chickens and goats do I need for this 300 sq^m condo ?
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  46. Only JPMorgan and Blackrock is bullish on China. Everyone else is bearish. They are going to lose their shit.
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  47. PRC is finished. Get out while you can.
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  48. China are ungrateful to the US.
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  49. China's economic problems isn't COVID but deep structural problems. The COVID pandemic merely hasten the rot and collapse by a factor of 10. The scam will eventually end like it or not. Ironically it is US Wall Street that is intent on keeping it going but not even Wall Street can save it now.
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  50. They're now trying to promote "Xi thoughts" on the same standing as the classical Chinese philosophers and scholars like Confucius, Mencius, Zhuangzi and Laozi. Even some Chinese netizens are finding that to be too much and are making fun of Xi.
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  51. It is a myth to think that "China think and plan in terms of centuries". The PRC regime are very good in 2 things only: 1.) make up lies and propaganda for themselves (they have massive experience in lying to 1.3 billion people). 2.) grabbing hold on to power. It's the ultimate overwhelming mentality of the regime to hold on to power at all cost. Mao Zedong is infamous for saying he isn't afraid of a nuclear war because even if half the population of China dies to nukes, as long as the party infrastructure survives, they can rebuild the PRC.
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  52. *eat popcorn*
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  53. No Taiwanese will accept an invasion from the PRC. Taiwan has worked too long and too hard to create a free democratic country and society for itself. No way is it willing to go back to the Han ethnofascist rule of the CCP.
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  54. Parts of China is already shutting down again due to new COVID variants.
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  55. They won’t allow Pfizer vaccines to enter China’s market but continue to push for measures that clearly didn’t work. This is largely self inflicted by the regime.
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  56. Those billionaires that have seen the writing on the wall will cash out and buy tangible assets like gold and land and other assets. Main street and the regular joe investor will be screwed. In fact some of them will happily stay at their hotels orbiting Earth while everyone else play real life "Hunger Games" on Earth. If you have watched the movie "Elysium" (the wealthiest lives above Earth with all their latest automation technologies that can produce anything they will ever need while the rest of humanity rot on Earth) ... that becomes reality.
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  57. Lol CCP/Xi thought are long winded garbage.
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  58. Lol. Criticize everyone except the emperor. Yeah it's always someone else's fault but not the emperor. 🤣🤣🤣
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  59. Car centric autonomous vehicle = can be used anywhere where it is legal. Smart autonomous vehicle infrastructure = the autonomous car can only be used in places with smart roads limiting their deployment.
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  60. *watch Xi destroy China’s institutions one by one until nothing is left* There goes the great rejuvenation of the Chinese nation. As one Chinese national says “Our family be the last of our generation. Thank you.” Implying there is no future after this generation.
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  61. Why not allow Moderna and Pfizer vaccine to be available in China ?
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  62. Many of the Chinese elites and western foreign residents living in Shanghai realized the truth, as “free” and “liberal” as the city of Shanghai is, it is still ultimately under the iron grip control of the CCP. Kinda funny how the CCP are now twisting the narrative that they don’t need to apologize because there was no “lockdown” of Shanghai after all. Just as the regime loves to state “nothing happened” on June 4th, 1989 — it’s been 33rd year of the #TiananmenSquareMassacre and no political reform or any apology from the regime are forthcoming.
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  63. LOL can't wait to see PRC response to Pelosi's visit. My bet they'll end up whining like usual. If the PRC starts a shooting war against Taiwan, I can see the PRC economy completely collapsing and the entire country de-industrializing within a year or two.
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  64. Steel industry isn't the only industry that's going to be collapsed by the real estate collapse.
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  65. I support Pelosi's trip as it is a matter between the US and Taiwan, two sovereign countries. Allowing the PRC to dictate what the US/Taiwan can or cannot do is tantamount to a foreign policy surrender. PRC apologist cowards like Mike Chinoy is why the PRC regime are so emboldened now. Too many cowardly US neoliberals who wants to appease the PRC regime just to continue suckling on the PRC financial tits.
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  66. Nothing the regime can do to prevent this from ending badly. Millions of Chinese are gonna end up with no homes they paid their life saving for. To totally bail this out would require trillions of dollars the Chinese government doesn’t have so bail out is out of the question. What they will do is bail out some while suppress the rest.
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  67. PRC + Putin = "The west is weak now, we can destroy them and remake the world order." One week later... PRC to Putin = "You're on your own." 🤣🤣🤣 Ironically at least 3 eastern European countries (Ukraine, Finland, Sweden) have asked to join NATO after the invasion started. I'm so glad western Europe is starting to wake up. The PRC cannot be trusted. Ironically the PRC "intellectuals" are so blinded and oblivious to everything else they blame everything on the US when in reality not everyone wants or desires the PRC system. It's gonna be fun watching Europe bite the PRC in the ass. In the eyes of the world, the PRC and Putin are the aggressors.
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  68. The PRC regime loves to portray itself as a victim just like all autocratic totalitarian regimes.
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  69. New Zealand report is right, too many CCP spies and 5th column in New Zealand.
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  70. Useless taxpayer money sucking white elephant.
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  71. ZERO COVID policy is a political move. Little to do with actual COVID prevention. Actual COVID deaths in China is actually pretty low. It's a stress test on how much the regime can push the population. It's a preparation for near future war.
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  72. Xi Jinping Thought = Chinese fantasy La La land where only rainbows and sunshine exist while ignoring or erasing all the deaths, starvation, injustices, corruption, malfeasance and outright farce that happened thru out Chinese history while learning nothing from it.
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  73. Xi Jinping shitty policy strikes again and yet the CCP keeps blaming the US. 🤪🤪🤪
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  74. It is standard PRC propaganda to blame everything on others the fascist Chinese regime has done wrong.
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  75. Actually Biden was even more hawkish than even Trump to China. Many of Trump’s policies were continued by Biden. The biggest difference was Biden doesn’t tweet his national policies on Twitter. Another major difference was Trump thinks the US can stand alone against China, Biden thinks the US needs friends and allies to stand against China. I actually like Biden’s approach.
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  76. Putin's political career is finished. It would be a surprise if he survives till he retires.
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  77. Evergrande could be the trigger that collapses China's economy.
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  78. LOL China the most secure countries in the world..who can’t feed their own people and need to severely muzzle its own people in order to keep regime stability. That’s not the definition of secure. 🤣🤣🤣
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  79. Frankly the only solution to fixing China's woes is to get rid of Xi Jinping and the CCP system once and for all.
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  80. Kazakhstan is also a major China BRI (belt and road initiative) hub to Russia and Europe. If they lose Kazakhstan the Chinese can say goodbye to their BRI project. China and Russia keep blaming the west when in reality Kazakhstan is run by the Nazarbayev/Tokayev autocracy and the Kazakhs are tired of the regime’s bullshit. Despite being a major oil and gas exporter most Kazakhs are very poor earning less than $2500 USD per year due to massive income inequality. Nazarbayev’s son and daughter (the previous leader who resigned in 2019) owns almost all the big oil and gas businesses in Kazakhstan.
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  81. Lol the CCP does see Russia/Putin as a junior partner/vassal. The PRC/CCP regime has no friends only enslaved and vassal countries.
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  82. People arrested because they reported to the government they weren’t being paid. The CCP loves enslaving their own people.
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  83. Taiwan is already an independent country..
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  84.  @havanascp9602  5.5% of fake report means the regime is lying to its people. I prefer a government that is honest. If business isn't good and GDP is at 1% or even 0% a good government would report that instead of make shit up just to look good.
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  85. Reality check. Taiwan was never a part or territory of China. Taiwan is model of what a Chinese society would look like if democracy, freedom and the rule of law is adopted. The CCP wants to snuff Taiwan out because each day Taiwan exist makes the CCP looks worst and worst to its own people. The PRC is basically a massive prison state of the CCP where 1.2 billion Chinese are held as prisoners for life and many PRC Chinese are starting to realize that.
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  86. All of the economic problems of China are self inflicted with poor policy planning and failed zero COVID policy.
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  87. Why am I not surprised ? No checks and balance in China. No transparency. No oversight. Of course there will be graft and corruption.
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  88. CCP China wants war.
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  89. Ironically the harsher the lockdowns the more the virus spreads. One member of the family per 2 days has been increased to 3 days starting this Monday.
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  90. The people of these island states have no love for the PRC government. Once the bribe money runs dry watch how fast they drop China. There is no genuine friendship there.
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  91. They are right. Nobody should trust China. I think the entire world has awaken to the real agenda of the PRC CCP regime. I read one Chinese "political analyst" blaming Jews in Ukraine (Ukraine president Zelenskyy is Jewish BTW) for Russia invading Ukraine. If that isn't blatant anti-semitism with Chinese characteristics I don't know what is.
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  92. PRC: "We hate the US but we love American dollars and goods." 🤣🤣🤣 Ironically all the economic pain and suffering in China are entirely self inflicted by the regime.
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  93. It's the end of the road for the PRC all thanks to emperor Xi.
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  94. This is the consequence of the arrogance of the CCP higher ups. They should just admit Sinovac failed and should just import foreign vaccines and vaccinate everyone in short order. At least that is what a sensible leader would do but of course not Xitler. This is a self inflicted pain and suffering in order for the regime to show off its power.
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  95. These PRC ultranationalist are the same ones who think the PRC should nuke Taiwan.
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  96. The great China economic collapse is coming.
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  97. This is Xi Jinping "common poverty" in action. No private land sales no government revenues. It's the end of the line. 🤣🤣🤣
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  98. Exactly! Emperor Xi committed the same error that brought down all previous Chinese dynasties -- excessive hubris and arrogance. He counted his chickens before they were able to hatch while openly antagonizing the hands that feeds China.
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  99. CCP China is evil.
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  100. CNOOC exiting the west means PRC plan to start trouble soon by invading TW.
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  101. The biggest flaw is the censorship and the top down command based economy. When China first opened up and adopted some levels of market economy they were doing good. But starting in 2012 Xi started adopting state capitalism or top down command economy wholesale. This is what brought the system to its knees.
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  102. When the CCP economy collapses it's gonna pull Russia down to the abyss.
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  103. Lol... only the CCP can be so hypocritical. "PRC: We don't need the west." At the same time Marxism is our core tenet which ironically is an ideology that came from the west. 🤣🤣🤣
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  104. China is basically stuck in a conundrum. Kick the can down a few more years and watch it get worst or allow it to collapse and reform now. Looks like the central government opted to kick the can down a few more years. Even if the PRC government uses taxpayers money to buy those assets now to support the developers, it still doesn't address the fundamental problem which is the loss of consumer confidence in the Chinese real estate industry. Plus those are assets they cannot easily get rid off so all that state money is basically tied up to a bunch of non-performing assets. Unused buildings and properties are basically depreciating assets rotting under the sun.
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  105. Ironically China is the world's biggest manufacturer and exporter of fentanyl and other illegal drugs. If you think China has no drug abuse problem you're naive. Chinese society simply doesn't talk about it. China has way more problems than they cared to admit. Things like child trafficking and child slavery as well as organ harvesting is an ongoing societal problem especially in the very poor rural towns and cities. Yes, the US has gun violence problems, China has knife violence problems especially violence between spouses. Violence against women in China is rampant. An even bigger problem now is medical insurance and retirement fund, China has over 300-400M retirees by 2050 due to one child policy but the government is now running out of money to support them.
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  106. RMB is not an attractive currency because it is tightly controlled by the PRC. The PRC government tightly control the RMB flow unlike the USD which is a free flowing global currency. This is why few countries uses it despite rising global trade with China. The PRC will never relinquish tight control of its currency in order for it to become a global currency.
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