Comments by "Aden Wellsmith" (@adenwellsmith6908) on "China Update" channel.

  1. Problem is that a property collapse, either from Tofu construction, or from the debts, takes out the savings of the masses.
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  2. If you are talking about it as a ponzi, its too late. :-)  @jwarmstrong 
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  3. China has a major problem. That postal perk where they get cheap subsidised postal rates, paid for by US taxpayers. Trump I suspect will remove it. He may even put tarriffs in place. Given this is for cheap very high labour content items, the effect on Chinese employment is huge.
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  4. still better posed to come back quicker ======== Depends on government debts. Notice that's plural. Debts, not Debt. Borrowing AND pensions.
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  5. Fixes what? Start off with the basics. How big are the pension liabilities? Actuarial valuation. Then we can move on to seeing if your fix works But I bet you won't answer the basic question because you don't' know the answer. That's the second question. Why?  @jerrywatson1958 
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  6.  @thomasherrin6798  No. I asked for the number for Social Security and its pension liabilities. We know the assets of Social Security is effectively zero. One part of the state owing another part of the state. So what's the liability number.
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  7. The problem is that as it stands China is not looking for a win-win. The chinese state has made massive mistakes. Tofu buildings. Unsustainable levels of debts. Complete lack of intelectual property rights. Banking crisis All it takes is for Trump to cancel that postage deal, and there's huge unemployment.  @龙腾洞观 
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