Comments by "Kenz300 x" (@KJSvitko) on "Investors Beware: China's factories are moving. But not to Mexico or Vietnam." video.

  1. China is just now figuring out what a PONZI scheme is. NEW buyers paying off old projects. Pre Sold selling is a scam. People are locked in and forced to pay a mortgage on an unbuilt property that may never be built. The whole property development industry is a scam with shoddy construction and unfinished properties. Buyers are left with no way to get their money back or a finished property. What a scam. The government does not care about the average working people that got scammed and does nothing to make them whole. The government is protecting developers and banks but not the people.
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  2. China's economy is in slow decline. The virus lock downs sped it up. Throwing more money at building empty buildings will not fix it. Lower GDP, higher unemployment, property developer bankruptcies, small and medium businesses going broke, local governments running out of cash, local banks running out of cash and individual personal despair of the population will lead to lower consumer spending. This will end up impacting the world economy and the US. China will try to spend its way out of its decline with government stimulus and that will reduce prices of goods produced in China and shipped around the world. Inflation will decline. China is the worlds second largest economy. A slow down in China will slow demand for energy. Steel production has declined and companies are going bankrupt because of the property developers stopped projects all over the country. The property developers collapse will ripple thru out the economy. Lock downs made it worse. Individuals, corporations, bond holders and investors are leaving China. The ruffled feathers about Taiwan are meant to stir up people and have them rally around the CPP and China. They need to distract people from all the economic problems in China. China will export deflation around the world. Their factories will keep running and exporting until they go bankrupt.
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  3. China is uninvestable. There is no rule of law. There is no freedom of speech. There is no freedom of movement. Internet activity is monitored. Cameras monitor public spaces. No privacy. Numbers produced by companies or the government can not be trusted. New laws put everyone at risk for arrest for spying. The government manipulates all business and government statistics. State owned corporations are puppets of the government and its policies. Companies and the stock markets are not free and fair. Manipulation and misinformation are everywhere. There is no 5% growth this past year. That is a made up number. The is no growth. 0% The economy is contracting. China's media is all state propaganda and can not be believed or trusted to tell the truth. Businesses need to diversify their supply chains and reduce dependence on China.
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