Comments by "foil hat" (@foilhat1138) on "China’s economic woes deepen with Evergrande US bankruptcy filing | DW Business" video.

The primary difference is that Japan was rich. China is still a developing country how they managed to grow old before they got rich is a testament to inept leadership.
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@inosukehashibara5930 Japan was supposed to overtake the US as the worlds largest economy and instead its gone through 3 decades of no growth.
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@sankss1684 What's your point? And Who are you talking about Japan or China? Japans stagnation is well documented. Things would have been much worse if they weren't already rich and if they didn't have a good plan to deal with it, mostly offshoring much of their manufacturing. China's numbers are all made up, even the CCP acknowledges this. Local governments are given incentives to lie about their GDP and population. Imports, exports and local consumption are shrinking and manufacturing and real estate are collapsing. its likely they've had negative or no growth since at least the pandemic. China has fewer options then Japan in dealing with the crisis because 1. They aren't nearly as wealthy as Japan. 2. Japan was easily able to offshore because there wasn't large amounts of capital flight with the yen. The yuan on the other hand China keeps tight controls on because Chinese people try to get their money out of China as fast as they can. There has been some offshoring attempts by China but a lot of that money will never make it back to China.
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@kealeradecal6091 Not just unfinished, its poorly made tofu dreg construction, so its likely most wont ever be livable. Even if they are in China you don't actually buy property, only lease it from the government.
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All while they face demographic collapse. Its like Japan on bath salts.
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