Comments by "Frostie-Flake" (@PlanetFrosty) on "China’s Next Semiconductor Giant: Yangtze Memory" video.

The problem I see are the backlog of defaults in SOEs/Partnerships funded by localities that have reached nearly $500B in recent months. China Central Bank has push more back to regions. “Everything is connected” is the issue and the problem. While 3D nand is a good move, the issue is the complex debt issues.
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@Asianometry No, not from a FX analysts China’s debts are at over 400% of GDP and real numbers likely between 500-600% so China has been insolvent for nearly 2 years when the World Bank gave it Special Drawing Rights to keep it afloat. The US is only at 120%=
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@dogukan127 While all that is true about market economy functionality and their intention with Digital RMB being tied to their non market economy their is a reason they had to lower poverty rate to $1.65 a day. They still have one foot in market economies and depend on trade and infusion of outside capital. In many regions starvation is starting to be a problem is small pockets here and there. The entire central planing system and method on enforcement creates a false economy besides all of the inherent issues which magnify the farther you are from the coasts. I get reports from inside China as well and poverty has increased in many regions dramatically. Unrest in PLA retirees is growing among other issues inside the PLA itself which rarely get reported as pensions get cut or go unpaid at times now. The internal CCP documents leaked have been appearing globally on various tops over the last several weeks. I get at least three a week.
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