Comments by "Power Shift" (@powershift2024) on "One-Fifth of Civil Servants Unpaid? Is China Going Bankrupt?" video.

  1.  @tony231167  China is plagued by a fundamental imbalance in its economy as all 'command economies' are: It has relied disproportionately on government spending and commercial investment to fuel economic development (and a debt to GDP ratio of well over 330%, the US's debt to GDP ratio is 130%, that's almost 3 times lower), rather than consumer spending, which would be a sign of more organic and sustainable economic growth. Their commercial investment was also massively assisted by foreign investment and that's now all but dissappeared. That leaves gov't spending left to fuel their growth (again with over 330% debt to GDP ratio). Li Keqiang explained that this was no longer feasible as far back as 2013. Enjoy.
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  2.  @tony231167  China is plagued by a fundamental imbalance in its economy as all 'command economies' are: It has relied disproportionately on government spending and commercial investment to fuel economic development (and a debt to GDP ratio of well over 330%, the US's debt to GDP ratio is 130%, that's almost 3 times lower), rather than consumer spending, which would be a sign of more organic and sustainable economic growth. Their commercial investment was also massively assisted by foreign investment and that's now all but dissappeared. That leaves gov't spending left to fuel their growth (again with over 330% debt to GDP ratio). Li Keqiang explained that this was no longer feasible as far back as 2013.
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  3. Soul also.
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  4.  @tony231167  China is plagued by a fundamental imbalance in its economy as all 'command economies' are: It has relied disproportionately on government spending and commercial investment to fuel economic development (and a debt to GDP ratio of well over 330%, the US's debt to GDP ratio is 130%, that's almost 3 times lower), rather than consumer spending, which would be a sign of more organic and sustainable economic growth. Their commercial investment was also massively assisted by foreign investment and that's now all but dissappeared. That leaves gov't spending left to fuel their growth (again with over 330% debt to GDP ratio). Li Keqiang explained that this was no longer feasible as far back as 2013. Enjoy...
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  5. One Giant Chitte Hole for people who live there. 😮
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  6. COMMON PROSPERITY. 👀
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  7. China is plagued by a fundamental imbalance in its economy as all 'command economies' are: It has relied disproportionately on government spending and commercial investment to fuel economic development (and a debt to GDP ratio of well over 330%, the US's debt to GDP ratio is 130%, that's almost 3 times lower), rather than consumer spending, which would be a sign of more organic and sustainable economic growth. Their commercial investment was also massively assisted by foreign investment and that's now all but dissappeared. That leaves gov't spending left to fuel their growth (again with over 330% debt to GDP ratio). Li Keqiang explained that this was no longer feasible as far back as 2013.
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  8.  @tony231167  it doesn't happen in a month or even a year. China is just at the beginning due to the real estate collapse (30% of China's GDP), bank insolvency, currency collapse (offshore Forex just hit another new low this week), capital flight, etc, etc, etc. The CCP has about 3-5 years before the other shoe drops.
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