Comments by "Kenz300 x" (@KJSvitko) on "How China Plans to Avoid Economic Collapse @visualeconomiken" video.

  1. China's economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is over 30% Unemployed people are not huge consumers. They do not buy homes. They do not get married or have children. Individuals, foreign corporations and investors are fleeing cities and the country. Numbers reported by the government can not be trusted. Steel production collapse is a good example of the huge decline in the economy. The property developers collapse is starting to ripple thru all its suppliers. Steel is the most visible. More to come. The house of cards built on debt is not sustainable. The Ponzi scheme has been exposed. China's real estate industry is bankrupt. This will impact the rest of the economy and then the rest of the world. There is no 5% GDP. It is a made up number. GDP is 0%. China will export deflation to the rest of the world in 2024.
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  2. 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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