Comments by "May L" (@MeiinUK) on "CCP's Six Deadly Moves Put 800 Million Chinese in Debt, with 400 Million People Defaulting" video.

These loans should indeed be properly defined for it. They are indeed commercial loans as we call them in the UK. Construction loans is more appropriate. Did you noticed that the fact the content creator isn't even using the formal terminologies as well ? I have also seen app companies, that is Chinese app companies charging a double way deal. I.e. Charging both their customers as well as their suppliers. A lot of random cheats from students now does this in the UK too. This is illegal ?... They are now doing this across the globe as well with weird offices... Everywhere and no actual business units and legal registered sites. Isn't the accounting and finance laws stated that you have to be immaterial ?... Immateriality... I.e. your sales receipt matches your real life transactions.
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@peterkops6431 : It does not matter... what matters is that.... EVEN when there has been fraud. China did NOT stop them. Or did they stop them in Sichuan ? And then, they accused that local governor for wrong doings as well ??.... Where they went wrong, is not to collect taxes from the people. It is not been able to formally define, and state clearly that "We now have to implement a tax in this city. And this is the state's tax bank account etc". Cos this is the legal registration. It does not belong to any single person.It is secured inside an organisation. THAT is possibly what went wrong as well... Cos the issues with China, is very very easy to fix.... Actually.
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It's their own faults for fast tracking and skipping other states. Like they thought it was good to go into 5g... And jumped from an education that would help the situation but instead. They basically escalated the situation as well. For most of us... In the west.. we may use basic things... But at least we still look at our own budgets. My father was a small business man... And he had to pay for his pension. Save those money and then work as well. Otherwise where did his retirement pension came from ? He just put it away in a pot all of the time.... And then Santander lost it all. Lots of people isn't even caring any more....
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@johannespfurti2900 : I think it means "I don't want to make the wrong move, til I know what else is going on"... kind of thing... If they have collectively systemically created an error of this size.. Then surely, they need to know how to get rid of it too ?
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30 to 40% ?.... It means that those app companies are using that high figure but without their own proper internal accounting and structures cos they don't know what it is ?.... Or how to restructure it ?... This is one of those failures in rushing people to be educated cos they might be taught different or wrong things.... So that percentage is really not even for their wages but it is to service the goddamn loans thereby indirectly inflating the damn thing ?....
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