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Jerry Kahn
Bloomberg Podcasts
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Comments by "Jerry Kahn" (@jerrykahn6894) on "Bloomberg Podcasts" channel.
Funny how everything she says about the Chinese and their Economy is falling apart so rapidly. Every aspect of the Chinese economy is failing currently The Real Estate Sector (which makes up 30% go GDP) is collapsing. The Banking Sector can't generate any money because they can't make any new loans and most of the loans they currently have are going into default. The Trust Sector is going into default. All the International Business Investment is drying up or pulling out. Factories, both Large and Small are closing, shrinking or not expanding. Factory Gate Prices are shrinking, meaning businesses are earning less for the goods they sell. Both Imports and Exports are shrinking, meaning China is selling less to the World and buying fewer raw materials to manufacture new goods to sell to the World. The Unemployment rate is not 5% overall and 21% for Youth but an Estimated 50% for both the General Population and the Youth. The Disasters have affected a Large proportion of the Population. This has created Billions of Dollars worth of damage to the Population and Industry in the affected areas. But more importantly, the Food Crops this year affected by first the Drought (Soy Beans), then the Rain (Wheat) and lastly the Flooding (Rice, Soy Beans, & Corn) added to the unavailability of these crops on the international market will lead to massive shortages for the population. The lack of corn for the pork industry will mean no pork for the people of China either. With all of these things going bad for the Chinese people do you really think the Nation and the CCP can really hold things together without declaring War on Taiwan to take the people's minds off their woes like Mao did 1962 with the Sino-Indian War. That War was successful in diverting the people's minds away from rebellion after the Great Leap Forward was a failure. War seems about the only option left to Xi Jinping.
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@hanfucolorful9656 Sorry but Brazil is facing a problem producing much Corn. You see Brazil needs lot of fertilizers to produce Corn and they simply don't have any because of worldwide shortages. Also Russia is having a real problem exporting any agricultural products because of the sanctions imposed upon them because of the War with Ukraine. China isn't getting Wheat, Soy Beans, or anything other than Oil from Russia right now. As for the rest of the World well China has to compete with all the other countries that are going to be suffering from food shortages also.
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Have the protesters arrested and deported.
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