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Kenz300 x
China Observer
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Comments by "Kenz300 x" (@KJSvitko) on "Chinese Civil Servants Are Collapsing: Not Paid for 9 Months, Many Forced to Buy Valueless Bonds" video.
The PONZI scheme has been exposed. The loses are staggering. The youth unemployment rate is over 20% but the overall unemployment rate is 5.2% Something does not add up.
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Xi has killed the "Golden Goose" He has moved the country away from a market economy and back to a planned economy with government owned businesses. Unemployment is rising. Property developers are bankrupt. Banks are running out of money. Local governments are broke. The lockdowns caused many small and medium businesses to go bankrupt. Empty shipping containers are pilling up at the ports. Foreign companies and foreign investors have left for friendlier countries. The risks in China are too high.
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