Comments by "Power Shift" (@powershift2024) on "China Observer"
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The RMB has hit a record low not seen in over 30 years. China's currency is deflationary putting enormous pressure on China's MASSIVE bond market (their enormous debt) making them at a higher risk of default on USD trillions of dollars in loans (it's why Moody's has downgraded HK, Macau and 26 provincial gov'ts from 'stable' to 'negative,' meaning a high risk of default). Why doesn't China use BRICS currency to save their economy??? Where's China's de-dollarization??? Why is China's youth unemployment over 22% (actually closer to 46%)??? Why is manufacturing continuing to leave China for Vietnam, Mexico, India and SE Asia??? Why is China's birthrate fallen by 70% just in the last 6 years, the largest ever in human history??? Why is China one of the fastest aging countries in human history??? Why are local and provincial gov'ts completely insolvent, along with the real estate sector (30% of China's GDP and 70% of private Chinese savings) and Chinese household debt has crossed the economic red line of 70%. Why have local and provincial state workers (and others) are unable to be paid for over 600 days now??? Why are bank depositors across the mainland unable to withdraw their own money and savings accounts suddenly disappear??? Why do young people 'lie flat' and 'let it rot???' Why does China try to bully all of it's neighbors and claim the entire West Philippines Sea as theirs??? Why did China forcefully invade a peaceful Hong Kong, dismantle their freedoms and erase their of rule of law??? Why does China continually threaten to forcefully invade a prosperous, peaceful, democratic and free Taiwan??? Why did Japan amend their constitution last year to switch from a peaceful, Pacifist country to a one that can (pre-emptive strikes) defend itself better??? Why have almost all ASEAN countries started to participate in naval military drills together and not include China??? These questions will answer all questions about China and the CCP's future. Fortunately, other than the ultra-nationalists, the world at large already knows that future, which is just a footnote in the history books about another failed Communist country. #44 to be exact.
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Li Keqiang, the CCP's top educated and most knowledgeable economist, had already said the mainland economy had stopped actual growth around the year 2013. He also said in 2020 that 600 million Chinese โ 40 percent of the population, were living in abject poverty on less than $141 USD/month. With the recent massive downturn in youth unemployment, manufacturing exodus, local and provincial debt insolvency, the rapid decline in currency evaluation, etc, etc, those numbers will become much, much worse. This is the 'Zimbabwification' of the mainland economy, meaning dissolution of the current nation-state, meaning it's completely and utterly failed in every aspect of a viable country. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li had to go. That is a terrified dictator whose days are extremely numbered.
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ย @youarebeingtrolled6954ย Source - Straight from the CCP's top economist: "In 2020, 600 million Chinese โ 40% of the population, were living in abject poverty on less than $141 USD/month and the mainland economy had stopped actual growth around the year 2013." - Li Keqiang. I wonder what happened to him? With the massive downturn in youth unemployment (the CCP stopped reporting this 2 months ago after it crossed 46%), manufacturing exodus, local and provincial debt insolvency, real estate insolvency, the rapid decline in currency evaluation, etc, etc, etc, those numbers will become much, much worse. This is not 'Japanification' or 'stagflation' of the mainland economy but 'Zimbabwification' of the mainland economy, meaning eventual dissolution of the current nation-state. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li Keqiang had to go. That is a terrified, angry little dictator whose days are extremely numbered. Their 'military' is make believe. Sorry kid. Have a nice day.
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ย @MrRuoxiย now use your same logic for your supposed "China will surpass everyone" thinking. It's your recency bias using a very short window of time. Sorry guy, change is the only constant, to prove my point look at china's real estate collapse, population collapse, 46% youth unemployment rate, younger generation will no longer participate in the 996 no future model, local and provincial banks are bankrupt, relying on the US to support their economy while being hostile at the same time, etc, etc, etc. Those didn't exist 10 years ago but they sure do exist for China now. Couple that with the most fragile supply lines in the world for their energy imports (75%) and their food imports (also 75%) and you may start to understand how exposed they truly are. China exists because the world allows them to exist. There are many, many countries along those food and energy routes that would have no problem stopping those supply routes that allow the entire country to exist. Sorry you don't see the entire picture of the fragility of the country, but please, continue with your recency bias/no change in growth models that you fail to see works for the very argument you use for the continued, uninterrupted growth of China. Good luck, and try to use logic to see beyond your incorrect confirmation bias. Cheers!!!
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BYD and Huawei are state owned companies. They will not be allowed to go bankrupt (unless another regime change) because of the loss of face. Both companies are inferior to any country right off the mainland's coast. South Korea, Taiwan, and Japan are light years ahead of anything that isn't dependent on forced labor. Sorry CPC, currency collapse, real estate collapse, population collapse, local and provincial bank collapse, moral and ethical collapse, etc, etc, etc should be your main concerns but they're more concerned trying to keep the facade going. Welcome to the Soviet Union, circa 1991. ๐ค๐ค๐ค
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โย @johnwayne8475ย I actually got it straight from the CCP. "In 2020, 600 million Chinese โ 40% of the population, were living in abject poverty on less than $141 USD/month and the mainland economy had stopped actual growth in the year 2013." - Li Keqiang. I wonder what happened to him? With the recent massive downturn in youth unemployment, manufacturing exodus, local and provincial debt insolvency, the rapid decline in currency evaluation, etc, etc, etc, those numbers will become much, much worse. This is not 'Japanification' of the mainland economy but 'Zimbabwification' of the mainland economy. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li had to go. That is a terrified, angry little dictator whose days are extremely numbered. Have a nice day. ๐๐
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โย @MohammedKumar-si4ecย Li Keqiang had said the mainland economy had stopped actual growth around the year 2013. He also said in 2020 that 600 million Chinese โ 40 percent of the population, were living in abject poverty on less than $141 USD/month. With the recent massive downturn in youth unemployment, manufacturing exodus, local and provincial debt insolvency, the rapid decline in currency evaluation, etc, etc, those numbers will become much, much worse. This is the 'Zimbabwification' of the mainland economy. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li had to go. That is a terrified dictator whose days are extremely numbered. We sleep fine in the West. Enjoy China again, circa 1959. ๐๐๐
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ย @kamsunleong6648ย I think you mean China champ. They should leave Vietnam, Philippines, Indonesia, Taiwan, Hong Kong, Xinjiang, Tibet, Japan, South Korea, etc, etc, etc alone. It will end very badly if they continue with their made-up 9 dash line nonsense. Enjoy the show champ.
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ย @johnteets2921ย you must be a high ranking CCP economist to have so much economic insight. Now I'll directly quote you straight from the CCP's top economist of the past 20 years: "In 2020, 600 million Chinese โ 40% of the population, were living in abject poverty on less than $141 USD/month and the mainland economy had stopped actual growth around the year 2013." - Li Keqiang. I wonder what happened to him? With the massive downturn in youth unemployment (the CCP stopped reporting this 2 months ago after it crossed 46%), manufacturing exodus, local and provincial debt insolvency, real estate insolvency, the rapid decline in currency evaluation, etc, etc, etc, those numbers will become much, much worse. This is not 'Japanification' or 'stagflation' of the mainland economy but 'Zimbabwification' of the mainland economy, meaning eventual dissolution of the current nation-state. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li Keqiang had to go. That is a terrified, angry little dictator whose days are extremely numbered. Have a nice day champ.
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โย @MohammedKumar-si4ecย Li Keqiang had said the mainland economy had stopped actual growth around the year 2013. He also said in 2020 that 600 million Chinese โ 40 percent of the population, were living in abject poverty on less than $141 USD/month. With the recent massive downturn in youth unemployment, manufacturing exodus, local and provincial debt insolvency, the rapid decline in currency evaluation, etc, etc, those numbers will become much, much worse. This is the 'Zimbabwification' of the mainland economy. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li had to go. That is a terrified dictator whose days are extremely numbered. We sleep fine in the West. Enjoy China again, circa 1959. ๐๐๐
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ย @JonySmith-bb4gxย Li Keqiang, the CCP's top educated and most knowledgeable economist, had already said the mainland economy had stopped actual growth around the year 2013, the rest was "a black hole" of unsustainable domestic debt. He also said in 2020 that 600 million Chinese โ 40 percent of the population, were living in abject poverty on less than $141 USD/month. With the recent massive downturn in youth unemployment, manufacturing exodus, local and provincial debt insolvency, the rapid decline in currency evaluation, etc, etc, those numbers are becoming much worse.. He also said "Chinese Made vehicles are of an inferior quality and value, such as all domestic production is" - Xinhua News, September 2022. This is the 'Zimbabwification' of the mainland economy, meaning dissolution of the current nation-state, meaning it's completely and utterly failed in every aspect of a viable country. Enjoy!!!! ๐น๐ผ๐น๐ผ๐๐๐๐๐๐๐๐
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Ol' Ross was 100% correct although through those losses new strengths emerged. The North American economy is now a fully integrated low, mid, and high value add economy with the new 'NAFTA 2.0' ratified a few years ago. The US, Mexico and Canada are by far, each other's largest trading partners. Meaning, all 3 nation's economies are far more isolated now to global events and disruptions and are already on a trajectory of sustained economic growth for decades to come. All food, energy, raw goods, commodites, self defense, financial, manufacturing, and demographic stability are self contained between 3 like minded, friendly, democratic countries. The near shoring, on shoring, and friend shoring trends continue to accelerate thanks to China acting like China and showing North America were it's true priorities lie. From North America to China, we thank you. ๐
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ย @Sojoboscribeย 1. There is nothing rare about rare earth minerals, they're literally everywhere in the world, there's more reserves in the US than in China.
2. The US had another 11% gain in agricultural exports last year (as china's entire economy struggled) and yes, Mexico, Canada, Japan, the European Union, South Korea, Taiwan, the Philippines, Colombia, Vietnam, etc, etc, can and have easily replaced Chinese ag exports as needed (the Chinese are incredibly food insecure)
3. China owns $787 billion dollars of US debt (that's barely 2%), it's one of the few things keeping the RMB from completely collapsing. They could dump their entire US debt in a single day and it would literally do nothing.
4. Please do at least rudimentary research before parroting gibberish. Enjoy!!!
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ย @Shineon83ย 1000%. Financial literacy seems to be lost on some people. Let's say you're a 21yr old kid with a not so great job, you can still put $100/month (that's less than an internet bill) into your 401K every month. A 401K averages 7% interest a year, compounded annually. As you grow older and get paid more, you never add more than your original $100/month though. By the time you are 65yrs old, your $54,000 invested has turned into $407,008. And you receive your social security on top of that. And that's a very, very conservative investing approach, plus almost every company will match your 401K contribution up to 3% per year minimum, so a little planning goes a long, long way. Unless you have some massive, debilitating disease, this is easily achievable for almost everyone, they just don't want to be bothered with a little forethought, it needs to be GIVEN to them.
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In the US, the standard insurance amount is $250,000 USD per depositor, per insured bank (there are 1,000's of FDIC insured banks in the US), for each account (including Checking Accounts, Savings Accounts, Money Market Deposit Accounts, Certificates of Deposit (CDs), Cashier's checks, money orders, and other official items issued by the bank). Trust accounts are insured up to $1.25 million USD. Bank runs only affect banks dealing in a majority of uninsured financial instruments (digital currency, etc).
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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ย @lambertgiangย their hardware is all over the Phillipines, Japan, S Korea, Taiwan, etc, etc. AND... there's probably 4-6 subs of JUST THE US'S at anytime right off the coast. Imagine how many subs, fighters, bombers, missile systems, etc, etc, the other countries have in the area too. Have a nice day. ๐๐
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So the bus exploding, the car charging exploding, the car on the tow truck exploding, the e-bikes exploding, etc, etc, etc, etc, etc, etc, etc are all staged? Gotcha.
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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Let's see, currency collapse, real estate collapse, bond market collapse, financial collapse, population collapse, birth rate collapse, functioning national government collapse, foreign investment collapse, provincial government collapse, local government collapse and on and on and on and on. Last decade for modern day China. Well done Xi! Well done CCP!!! ๐น๐ผ๐น๐ผ๐น๐ผ๐๐๐
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Also Toyota, Kawasaki, Suzuki, Nissan, Mazda, etc have won multiple championships (Stock Car, 24 Hours of Lemans, Grand Prix motorcycle racing, Indycar, NHRA, etc). Throughout motor sports, there is zero comparison.
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ย @romanwarrior4606ย #1 The US can support food for 1.4 billion people, actually more. They've been doing it for decades and they are the #1 exporter of food worldwide. #2 "The East" will continue to be fine, only China will have catastrophic collapse. South Korea, Taiwan, Vietnam, Indonesia, India, Philippines, Japan, etc will all be fine and yes, South Korea, Taiwan, Japan and a few others have contributed greatly to the world as a whole. #3 China has only stolen from the world, they've not contributed anything that any other country couldn't have done with Western technology and investment over the last 40yrs. The CCP has done much more harm than good worldwide. #4 Many times the world has reached out to help China become a nation that actually cares about it's citizens. At every turn, the CCP has shut down any outside help leaving the vast majority of their population just as poor as Chairman Mao's days. Cheers!
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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ย @karabardinย The Chinese killed 78 million of their own citizens and didn't bat an eye. That's more than all world wars of the last 150yrs combined there, sport. Why does China bully all of it's neighbors and claim the entire West Philippines Sea and all of it's resources as theirs??? Why did China forcefully invade a peaceful Hong Kong, dismantle their freedoms and erase their of rule of law??? Why does China continually threaten to forcefully invade a peaceful, democratic and free Taiwan??? Why did Japan amend their constitution last year to switch from a peaceful, Pacifist country to one that can defend itself better??? Why have almost all ASEAN countries started to participate in naval military drills together and not include China??? You know the answer and it's not because of the US. The US and the West POURED money into China for 45yrs helping to create modern day China. The tech transfers (and IP theft in the billions), teaching modern manufacturing to an agrarian society, the ability to industrialize and modernize to pull millions out of poverty in China was all taught to them by the West. If you want blame someone, go right ahead, but you're blaming the wrong regime. Enjoy your Communist fantasy land, it will be disappearing very, very soon. The CCP will be gearing up to kill another 78 million of their own citizens soon, sport. Enjoy. ๐
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ย @amortalbeingย As the US has already proved it can track, intercept, and destroy hypersonic missles, you missed the entire point of the post. It isn't F-35 vs J-20, it's that ALL the military hardware can be intercepted and destroyed. All of China's "stealth" planes can and have been located and tracked, even by the Indian Army. The PLA is still 40-50 years behind in this technology no matter what propaganda the CCP pushes, it's still complete junk. How many cruisers, destroyers and submarines do you think are included in just one US carrier strike group? Or all the military bases stationed all over the Indo-Pacific with the same defensive and offensive capabilities? This doesn't even include all the F-35s, F-22s, F-18s, F-16s, F-15s, B-1 bombers, B-2 bombers, B-21 Bombers (in 2024), and the multitude of fully autonomous drones equally capable of tracking and destroying any volley of missiles, planes or boats encroaching any target, any military ship or any land base. These systems have been combat tested in real life hostile engagements and have proven time and time again their effectiveness. The PLA has not proven any effectiveness at any time or at any place, it's just wishing it can be effective. Again, just because the PLA tried to reverse engineer Western technology doesn't mean it's even remotely close to being effective. It's still junk. Cheers.
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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You're way off, CCP just said GDP is up 300% year on year, that's why real estate prices have collapsed, RMB is the lowest in 30 years, stock market collapsed, 26 of 30 provinces are bankrupt, foreign investment has collapsed, tech sector just lost $80 billion dollars in 1 day, Vanke, Country Wide, Evergrande collapsed, etc, etc, etc, etc. It's a Communist Utopia!!!! ๐ฎ
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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China super greatest country in ALL of world, except for infrastructure, quality of life, personal freedoms, health care system, social programs, freedom of press, personal income, corruption, etc, etc, etc... ๐ฎ
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โย @MohammedKumar-si4ecย Li Keqiang had said the mainland economy had stopped actual growth around the year 2013. He also said in 2020 that 600 million Chinese โ 40 percent of the population, were living in abject poverty on less than $141 USD/month. With the recent massive downturn in youth unemployment, manufacturing exodus, local and provincial debt insolvency, the rapid decline in currency evaluation, etc, etc, those numbers will become much, much worse. This is the 'Zimbabwification' of the mainland economy. Xi is too weak a leader to have powerful CCP educated economists expose his lies, so Li had to go. That is a terrified dictator whose days are extremely numbered. We sleep fine in the West. Enjoy China again, circa 1959. ๐๐๐
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear! ๐๐๐๐
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@lambertgiangย yes, yes Giang, The People's Republic of Gutter Oil is so strong that even the independent Taiwanese Nation wants reunification. ๐คฃOf course Taiwan will be in complete charge because they're the only ones with an actual future ahead of them. ๐คฃEnjoy the stock market and financial sector meltdown, again, the gov't unable to pay its employees, youth unemployment at 50%, a military so weak and corrupt Xi fires half the leaders every week b/c they stole all the money, a culture so corrupt families steal from each other daily, no food security, no energy security, no financial security and no future left. But most importantly, enjoy your gutter oil noodles!!! ๐คฃ
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ย @lambertgiangย yes, yes Giang, The People's Republic of Gutter Oil is so strong that even the independent Taiwanese Nation wants reunification. ๐คฃOf course Taiwan will be in complete charge because they're the only ones with an actual future ahead of them. ๐คฃEnjoy the stock market and financial sector meltdown, again, the gov't unable to pay its employees, youth unemployment at 50%, a military so weak and corrupt Xi fires half the leaders every week b/c they stole all the money, a culture so corrupt families steal from each other daily, no food security, no energy security, no financial security and no future left. But most importantly, enjoy your gutter oil noodles!!! ๐คฃ
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ย @lambertgiangย yes, yes Giang, The People's Republic of Gutter Oil is so strong that even the independent Taiwanese Nation wants reunification. ๐คฃOf course Taiwan will be in complete charge because they're the only ones with an actual future ahead of them. ๐คฃEnjoy the stock market and financial sector meltdown, again, the gov't unable to pay its employees, youth unemployment at 50%, a military so weak and corrupt Xi fires half the leaders every week b/c they stole all the money, a culture so corrupt families steal from each other daily, no food security, no energy security, no financial security and no future left. But most importantly, enjoy your gutter oil noodles!!! ๐คฃ
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ย @lambertgiangย The 'Chinese Miracle' is officially over. China's population collapse has been long underway since their clinically insane 1 child policy. China's the fastest aging country by a huge margin, the birthrate has dropped by more than half in the past 5yrs and in Xinjiang it's dropped by 75% in 2yrs ( I wonder why?). No more bottomless cheap labor, they've had a 14x increase in labor cost with only a 2x increase in production efficiency and are still producing low to medium value production, and cannot move up to high value production. China is not a consumer driven economy, they have to export huge amounts at razor thin profit margins. By 2030, China will have proportionally far greater retirees than any other country in recorded history. Their recently released economic stimulus actually crashed the stock market TWICE in 1 month and their entire housing, financial, and labor markets are in complete meltdown. Their labor pool is shrinking massively every year, year after year, until the lights go out. This is what a country looks like when it becomes merely a page in the history books. And no, they won't be able to automate their way out of it. Bye bye forever Pooh Bear and The People's Republic of Gutter Oil. ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ
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@lambertgiangย The 'Chinese Miracle' is officially over. China's population collapse has been long underway since the their clinically insane 1 child policy. China's the fastest aging country by a huge margin, the birthrate has dropped by more than half in the past 5yrs and in Xinjiang it's dropped by 75% in 2yrs ( I wonder why?). No more bottomless cheap labor, they've had a 14x increase in labor cost with only a 2x increase in production efficiency and are still producing low to medium value production, and cannot move up to high value production. China is not a consumer driven economy, they have to export huge amounts. By 2030, China will have proportionally far greater retirees than any other country. Their recently released economic stimulus actually crashed the stock market TWICE in 1 month and their entire housing, financial, and labor markets are in complete meltdown. Their labor pool is shrinking massively every year, year after year, until the lights go out. This is what a country looks like when it becomes merely a page in the history books. And no, they won't be able to automate their way out of it. Bye bye forever Pooh and The People's Republic of Gutter Oil. ๐ฎ๐คฃ๐๐คฃ
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ย @andyknolls8735ย Chinesium used in EVERYTHING on the mainland. Battery packs, CPUs, cell phones automobiles, motorcycles, buildings, bridges, roads, military, feelings of the CPC, feelings of the ultra-nationalists, Everything is CHINESIUM. Very, very fragile....๐ค
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โโย @karlwu5599ย and he's right. ๐๐๐ The RMB has hit a record low not seen in over 30 years. China's currency is deflationary putting enormous pressure on China's MASSIVE bond market (their enormous debt) making them at a higher risk of default on USD trillions of dollars in loans. All mainland provinces are bankrupt with no way out. ๐๐๐ Vanke, Evergrande, Countrywide, etc, etc real estate companies are beyond bankrupt and are taking 30% of China's GDP along with it over the next 2 years. ๐๐๐ Why doesn't China use BRICS currency to save their economy (rupees are the only stable currency left in BRICS, enjoy your new Indian currency. ๐๐๐ Where's China's de-dollarization??? Why are Chinese banks limiting citizens savings withdrawals to small amounts??? Why is China's youth unemployment over 22% (actually closer to 46%) and rising??? Why is manufacturing continuing to leave China for Mexico, Vietnam, India and SE Asia??? Why is China's birthrate it's lowest in recorded history??? Why is China the fastest aging country in human history??? Why are young people 'lying flat' and 'let it rot???' Why does China bully all of it's neighbors and claim the entire West Philippines Sea as theirs??? Why did China forcefully invade a peaceful Hong Kong, dismantle their freedoms and erase their of rule of law??? Why does China continually threaten to forcefully invade a peaceful, democratic and free Taiwan??? Why did Japan amend their constitution last year to switch from a peaceful, Pacifist country to a one that can (pre-emptive strikes) defend itself better??? Why have almost all ASEAN countries started to participate in naval military drills together and not include China??? Sorry kid, Gordon maybe been a few years off, but even the CPC knows it's over. ๐๐๐๐๐
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@alcyk28-n2eย your country is collapsing because of an extremely uneducated dictator who never even finished school. No country in the world wants another "Cultural Revolution" where over 80 million countrymen die of hunger or torture because of extreme ignorance and zero ability to process complex issues and respond accordingly. Your country is the exact embodiment of stupidity. The RMB is at an all time record low, the resulting deflation has wiped out all savings of the Chinese citizens, the financial sector has completely collapsed resulting in millions upon millions of citizens unable to get their own money out, the real estate sector is beyond destroyed and will never recover even in the slightest, your the fastest aging country in human history and yet you still have over 46% youth unemployment with 600 million people living in complete poverty, the military is so corrupt it makes the Russian military seem like geniuses and your entire economy is based solely as a low value added export economy meaning your country can't even support itself and a few well placed tariffs will wipe out whatever barely functioning economy is left. Over 80% of your entire food and energy sectors rely on imports from other countries to even keep your lights on and a few pieces of rice in your mouth. The world doesn't need anything from China but China desperately needs the world to even have food, electricity, and a barely functioning economy. Communism has been tried in over 45 countries over the past 110 years and every single country has not lasted longer than 80 years under such an extremely dimwitted economic model regardless of what your brain washing from birth tells your empty head filled with empty lies. That leaves about 5 years left before China will collapse as history repeats itself again for the 46th time in a row (I'll be generous and give China 10 years until it's government completely collapses). China is the perfect embodiment of stupidity and history will forever remember it as such. Enjoy the collapse Fong, at least the real China, meaning Taiwan, will be around long after the smoldering rubble of another Communist country is paved over and turned into another world class factory built by Taiwan. Have a nice day. ๐น๐ผ
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In just the past 2 years the CCP has printed 54 trillion RMB, or almost $8 trillion USD, and still no economic rebound. $8 trillion USD is just under half of China's entire GDP. Currency collapse, foreign investment collapse, manufacturing collapse, real estate collapse, stock market collapse, banking collapse, employment collapse, etc, etc, are only accelerating faster and faster. The last decade for the CCP is here. Bye bye Pooh Bear!
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ย @Ponyreiterย it's a Xiaomi Xittboxxxx, just like Evergrande, Vanke, Countrywide, etc, etc, etc. they're all worthless. Copy, steal, copy, steal, AND now bankrupt. The entire country doesn't make it another 10 years. Bye Xi!!! ๐คก๐คก๐คก๐คก
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