Youtube comments of Jerry Kahn (@jerrykahn6894).

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  23. 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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  209. The problem arises with the condition being worse than the official economic figures let on. Local government has been lying about their economic figures since they began to report them. The central government has been following along with more lies about all economic and demographic statistics to make their economy and government look better. Economists worldwide say China has been lying about their GDP since 2008 and that their actual GDP is only about 60% of reported GDP. If this is correct China's real GDP is actually lower than Japan's. Also when economists use figures other than official Chinese unemployment data, the real unemployment, instead of being 5% overall and 21% for youth, it is about 50% overall and 46% for youth. These factors along with the crashing Real Estate market; the reduction in imports and exports; the slow down in shipping and trucking; the reductions in rail and air travel; the closing of manufacturing plants; the closing of thousands of midsize and small businesses; the departure of foreign investment and industry; the partial shutdown of the banking industry; the overburden of government debt at the local, regional, and national level; the collapse of the belt and road initiative; the flooding and other severe weather problems; the TOFU construction problems in buildings and infrastructure projects (including railways); the food shortage problems caused by weather and mismanagement; the loss of income of banking employees, manufacturing employees, and civil service employees; the loss of more than 50% of EV manufacturers in the last year; the loss of almost 6000 microchip manufacturers in the last year; along with the problem of their solar power plants now needing a 1/3rd replacement of their solar panels every 3 years instead of every 20 years as originally projected; and the fact that their EVs batteries are blowing up everywhere. I'd say China is doing pretty well for a country that is sinking faster than the Titanic.
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