Comments by "Kenz300 x" (@KJSvitko) on "Shenzhen Is Doomed, Dongguan Is Even Worse, Manufacturing Closures Sweep Through Guangdong" 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.
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  2. China's economy is slowly collapsing. Xi has moved China away from a market economy and back to a planned economy with mainly state owned enterprises. China has become hostile to ward its people, it neighbors and the rest of the world. The wolf warrior policy is destructive. Xi has killed the "Golden Goose". The next five years will finish the job of destroying the economy.
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