William Warren
China Update
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Comments by "William Warren" (@wbwarren57) on "Special Update: What is Happening in Shanghai Now is Critical for all China | Chinese Economy 2022" video.
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Suggested Video: Why Did Xi Jinping Impose the "3 Red Lines" Policy?
As a small-brain, short-term, weak thinking, fundamentally-corrupt bourgeois Westerner, I don't understand why the big-brain, long-game, mystically-powered, genius-thinkers of the CCP suddenly imposed the "3 Red Lines" policy?!? As a small-brain, short-term, weak-thinking, fundamentally corrupt bourgeois Westerner, what I think gave rise to the "3 Read Lines" policy that is now endangering the very existence of the CCP includes:
1. The CCP policy makers did not have adequate accurate information about the real financial situation of the Chinese real estate sector either because they were too lazy to go get or because the CCP had allowed for so much systematic corruption to thrive at all levels of Chinese government and business that the data was impossible to get.
2. If the CCP policy makers DID have the data (even if only a potion of it) then they did little or no analysis about the likely outcomes of imposing the "3 Red Lines" policy and cutting the Chinese real estate sector off from more borrowing that would have allowed them to cover up their precarious financial situation.
3. The CCP policy makers fastened onto the "3 Red Lines" policy to indulge their fascination with policies that look good on a bumper sticker and include a number in the name.
4. The CCP policy makers showed little or no imagination in different approaches to reducing the real estate bubble. For example, they could have quietly worked with the real estate companies to sell off non-core assets and businesses (while these were still attractive to other investors), speed up the completion of their building projects so they could access any escrow funds, and help them to do limited borrowing to refinance/restructure the most urgent debt repayments to avoid a huge loss in international investor confidence.
5. The CCP policy makers in the Xi Jinping faction imposed the "3 Red Lines" policy to embarrass and destroy the rival CCP factions with little or no regard to what the collapse of the Chinese real estate sector would do to endangering China and the CCP as a whole.
Please help me understand! As a small-brain, short-term, weak-thinking, fundamentally corrupt bourgeois Westerner I want to bow down and - nay, kneel down and kowtow - to the big-brain, long-game, mystically-powered, genius thinkers of the CCP and surrender totally, abjectly, and apologetically but until I can understand the true genius of the "3 Red Lines" policy, I must admit I am hesitating - and for that I am truly very, very, very sorry and deserving of punishment!
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