Comments by "Vale Tudo" (@valetudo1569) on "China shuts down youth employment data amidst record joblessness I DW News" video.

Apparently problems don't exist if you just cover your eyes
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@tasreasfatemsa8266 Democracies are by no means perfect but they seem to be a much better alternative to strongman authoritarianism.
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@smoothoperator2008s Lol I love how people quote China GDP growth as if it's the same as other countries. Their GDP is a manufactured input, not an output of actual economic activity like other transparent countries. For every RMB of GDP they had to spend 7 rmb of debt, with that number growing exponentially. Even worse - it's largely spent in unproductive assets that just boost numbers on paper but do little to actual produce any value for the function of the economy. and their consumption is 7%? I go balls deep into the economics and have not seen that from any credible source. Their problem is literally low consumption and high macro debt. You're off dude
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@tasreasfatemsa8266 In 2020 Li Keqiang said over 600 million in China live on 140$ a month. So its not the same, and the total amount of poor are relevant.
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@chinavirus841 I'd say nobody is winning, and considering that everybody thought they'd be done in 2 weeks - I'd say they're doing quite well for themselves.
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@happymelon7129 Nobody has changed the definition in the US lol. You're just making things up because you have no argument. US is doing quite well, bad example you chose
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@asahel980 If you think these problems the youth are facing in China is the same as other major economies - you're crazy. It is not the same as this all over the world.
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@wumaobot Those "obsolete weapons" seem to be helping them pretty well against an invader... and western countries are actually giving those weapons and money as aid. That means they don't have to pay them back, dummy.
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In addition to the transparency - democracies have the ability to get rid of ineffective leaders. Authoritarian countries do not, and get stuck with theirs.
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 @saltymonke3682 Not in the real world
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@lvjinbin28 I don't listen to Mr. Gordon, he's a bit too hyperbolic for me. I look at actual data and also countries who went through something similar - ie Japan. All of that "China will collapse in 24 hours!" was all youtube clickbait that everybody bought into. This is different... China copied Japan's economic model to the T, and failed to correct its problems. Those situations aren't 100% the same, but it's a good indicator as to where things are going.
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@zhuangdavid5037 Please enlighten us
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@awesomegmg956 I explained it in my comment above yours
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@ĐoànĐạiDương-f1n China's actual debt is estimated to be around 2.5x it's GDP. It owes it to its people as they were the ones who generated that GDP and it was their savings the banks used as leverage. Ultimately its their current wealth and future wealth that was plundered and will take the hit. We are seeing it in real time as real estate takes a dive and 70% of Chinese household wealth is in real estate. Debt was used to build nonproductive assets (real estate and other unproductive infrastructure) for local government revenue that are worthless since they were speculative and/or cost more than the revenue they produce (ie railways to Xinjiang). As real estate goes down - so does the household wealth of the average Chinese citizen, and then goes their consumption, and then comes deflation
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@daedricxarmor1430 What on earth are you talking about lol. I'm not a Xi supporter
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@thetrueworld8317 It's always about comparing the US and China to you guys right? How many in the people in the US compare themselves to China or point at China and say "Oh yeah! Well look at China!" when they have a problem? Not very many... Anyways, a better question to ask is how much nonfunctional infrastructure China has built in the past 10 years? That is the bigger factor. China's infrastructure investment model topped out around 15 years ago. Before that time - they lacked infrastructure investment and needed it... so it returned a positive investment. If you spend 1 rmb and get anything more than 1 rmb - it's a good deal. However, after that time - they started getting less and less for their investments and now its estimated for every 7 rmb they spend on investment, they get 1 rmb back. To put it simply - they have too much infrastructure, and because it worked in the past - they just kept going, and never switched their economic model. What was a good thing in the past - is killing them now. I'm not just making this up....Tons upon tons of videos on this and legit economic articles written up about this. It's been a known issue for a very long time
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