Comments by "" (@advancetotabletop5328) on "China Observer"
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You can blame the West for Quantitative Easing, but thank the CCP for an engineered virus, hostility towards foreign businesses, and bubble economy. The recession means customers in the west cut back on non-essential goods, like stuff Made in China. Meanwhile, China will have to import energy, raw materials, food, and soon enough, water, at worldwide inflated prices.
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Just mind-boggling how China manages to top itself with destroying its own environment — not that they‘re alone. Unfortunately, the environmental elite have chose to make climate change their agenda and blame only first-world countries, when second- and third-world countries have their own man-made ecological disasters, some of which, such as cleaning the rivers, can be assisted by first-world countries. Dictatorships, however, reward loyalty over competence, and China’s environmental pollcies, which combine CCP ineptitude with unrealistic economic targets, has led to the priority of the short-term over the long-term, leading to one disaster and embarrassment after another (including when the short-term results are actually bogus made-up numbers).
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Speaking of Japan, Money and Matters (?) argued that China will have a decades-long recession, much like Japan is having. While China has progressed from an agricultural economy to an industrial one, the corrupt CCP is tied to industrial companies, hence all the spending on infrasctructure, to meet GDP targets. Because China has not progressed to a service economy, all the money is spent by building companies, and we excessive building and the current RE bubble. Without a service economy, the economy has less domestic consumption (I remember reading that China was supposed to be independent of needing to export goods b/c it would have domestic consumption), which results in China‘s reliance on exporting good for their economy. But, thanks to CoVid and concerns about a recession, their customer’s demands have lowered, while China has failed to increase domestic consumption and even will not publish unemployment data, and is currently undergoing deflation.
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Search for the YT video of China’s disasterous 5G rollout. Basically, the towers had less range, so China had to build more towers, and the electrical consumption rose, suchthat China had to close the towers in the evening, so you couldn‘t even use 5G. Also, the CCP did their usual cooking of the numbers, suchthat there were more 5G subscribers than smartphones (at the time of the rollout). Also, don’t assume that when you see an Apple store in China, it‘s an Apple store. Search on “fake China Apple stores”, where even employees didn’t know they were working for a fake company.
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China says one thing, and does another. They‘ve been treating foreign companies poorly for years and now they want to come back? Fool me once. And China kickstarted the world recession with CoVid, now known to be releaeed from a Chinese lab. With inflation, the west is delaying their purchases of unessential manufactured goods — like the iPhone. China, meanwhile, still needs to import energy, food, raw materials, and, soon enough, water. And good luck with your wolf diplomacy, CCP.
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