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Vale Tudo
Bloomberg Technology
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Comments by "Vale Tudo" (@valetudo1569) on "China's Economy Has Been Strangled, Says Stone Fish" video.
Economy is rapidly slowing and is at it's lowest since it opened up. Zero Covid + over regulation in education, tech, and most of all - real estate. Real estate has been what created that breakneck speed of growth (30% of GDP) and that is coming to an end. Not to mention 70% of household wealth is tied to real estate... and to top it all off - the fastest aging population in the world. These are only a few things that are headwinds for China ... the fast growth is over I'll name one more - mass exodus of businesses to cheaper areas that has been greaaatly sped up because of zero Covid. Many small businesses shut and new ones scared to open. Xi is a Neo-Mao
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I thought he was great
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