Comments by "GTW" (@gtw4546) on "$2.54 Trillion USD Infrastructure Investment to Save China's Economy?" video.

@rationalthinker2200 How can China ever become the world's largest economy when the property sector accounts for 25-30% of their GDP, home prices are falling, and 80% of urban household wealth is in the houses? Evergrande may be the poster child, but even the "healthy" Shamao isn't financially sound. What about all the off-the-book debt of the various cities and provinces? The money they were raising through land-use sales is evaporating and they are turning to LGFVs. Plus all that money spent on HSR? Only TWO lines are profitable and maybe another half dozen break even; all the rest are bleeding money with no end in sight. You have businesses relocating to India, Vietnam, Mexico, and other places now that China no longer provides such low-cost labor as initially and many more businesses will likely follow as soon as contract commitments permit. Japan has even incentivized its companies to leave China and is closing factories. The CCP has made itself a "perfect storm" of troubles to overcome. MAYBE in a generation or two, it will be able to do so, but it will take a long time to reverse all this and no way will they even retain the #2 economy position by 2026-2028 let alone take the #1 place.
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All that info about China is based on the CCP's unvalidated numbers. They're still stating that their economy is growings, albeit more slowly, but in reality it is likely to be contracting. Also, the GDP percentage per person is very low in China when you consider their much greater population, so they aren't a particularly productive country.
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@rationalthinker2200 Who is getting emotional and calling them a threat? As far as I know, we're all just munching popcorn while watching the CCP's slow-motion train wreck.
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