Comments by "May L" (@MeiinUK) on "China’s Worst Money Crisis: The $3 Trillion Trust Industry Keeps Collapsing" video.

@EllieMaes-Grandad : Technically speaking, it isn't a "corruption" per se, cos the PRC did not join the WTO til much later on. And they wouldn't and didn't have known the changing laws.. or even if laws applied to them etc. So this kind of situation seems somewhat unfair to most people... Cos if you were not taught, then how would you know that you were in the wrong? At the same time, they didn't have decent mayors. Cos some town mayors forced "money" into the hands of the citizens to make them stay within their own regions, and to hold tight those banks, and those regions, from economic collapse.. in a way, they are not wrong to desire to do so.. but that is also going through a big stretch too.... And then when some migrant workers move away into another region.. They also forget to remind themselves that, they are in a different region and that region might have a different economic status to the ones that they left behind ? So it feels like they are ALWAYS running around, and always chasing their own tails... hence, some people now live in fear.....
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HSBC was tied to the Ping An insurance piece... when we experienced the 2008 financial collapse.. which took US around 10 years to rebuild... and still have scars over now. And people are still in poor conditions too.... I mean... they must be calling out these loans.... or, maybe they are trying to burst their own mini bubbles.. slowly and in a control manner...
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They were receiving in more and more foreign direct investments.. that is what they were doing. So basically to absorb the money into the country, and then use that to turn things around... Build factories, housing, products whatever it may be. So these extra buildings, must be in different locations. As in... the GDP of regions. So some regions, wanting to become that region's local governor.. to raise its profile... and "win"... to be promoted upwards... They often borrow a lot of money, and build first tier empty buildings, in order to get the loans into those areas' branches.. that is what is going on. It isn't an issue as such.. but they should've used that budget to turn it into commerce. Or factories or something asap !!!!... As not to actually make an issue. And if a company needs to go bankrupt, then they need to ? The successful ones, need to run smoothly and together with other businesses, like a daisy-chains.. but to be fair.. to build that kind of trust, is tough ? And it IS hard ?..... The successful ones, probably didn't build it.... or maybe they experienced it via life experiences... hence... the HK financial crashes before. Which was EXACTLY the SAME EXACT THING. This was why HK was left behind by the British before anyway. And we are too close. Hence, why the 2008 financial crash happened too... and yeh.. we are still connected to China... unfortunately.... Suffering, isn't it ?... Lots of people just want out. It's too painful. Too many times. Over and over and over again.
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You won't see it. But videos like this is a very very VERY high level.... but when you are in a low level condition.. you won't see it. If you have been raised in a country from bottom to the top.. and over a long period of time, then you would see it... If you work in the sector, or in a regional government, then you would see it. If you live and work in a manner that connects the dots.. then you would see it as well.... but it is very very VERY rare for anybody to "see it".... cos it doesn't make sense to you.
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@johnfkeating : Oh... this channel reports it from the citizens' viewpoint.. cos I think the prc implemented some kind of data laws or other.... so therefore, they screen out certain info etc. Which is above what an average citizen is to know. But if you read or use the mindset of "thinking outside the box".. like, a "reversal thinking".... and if you understood some basic economic concepts.. Then you would know what is going on. But I do feel sorry for a lot of the kids though.. or people inside.. Cos who do they trust ?.... It is tough.
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Oh God.... HSBC is tied to Ping An as well.. isn't it ?..... OMG.... This is also why.. even in the UK, it has been affected too... God....
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But if you noticed, that trust building looks like a nice finished commercial building.... so... Maybe they built in the wrong location? OR that they didn't have the people and the individuals to actually live in it? So.... And this goes by the point of networking.. and who lives where. Cos the original Shenzen rise.. was because of the "first rush"... just before the 1990s.... from farm land into a metropolice... but that building looks like it was built in around 2010s.... Even a mere 20 or 30 year gap.. is too much. And if you looked. They kept on building.... Just too much, too soon probably..... i.e. Some made it, and some didn't. As in, they must have hired and fired.. the wrong people etc. As in.... a MLM format... than this alone... Maybe some people made it in the 1990s... made their money, went away.. had kids.. and then came back for another higher tier position etc. You know how sometimes people copy one another, but without thinking ????.... When the accumulative effect kicks in together. They just need to cruise..... take it steady and cruise.. and reshape...
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There's a different video that explains the situation a LOT better.... https: //www.youtube.com/watch?v=f5SE47Xjx2Q It kind of tries to run in a way that is similar to other countries. So... USA have "states"... In the UK, we have "devolved regions > metropolitan areas > cities > towns > hamlets".. etc etc etc. All kind of have their own similar "budgets" as well... etc etc etc... So....
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A "trust" is just another form of financial product. It is normally used to anchor.... when there are volatility in the market.. I didn't know that they have these kind of buildings inside China... Interesting.
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