Comments by "Kenz300 x" (@KJSvitko) on "China's Auto Price Slash u0026 Economic Recession Looming: Record Pessimism and Reluctance to Spend" video.

  1. XI has moved China away from a market economy and back to a more planned economy with major businesses owned by the government. The lock downs destroyed small businesses and raised unemployment levels. Aggressive policies against the people and neighboring countries are now having an impact on society. The numbers put out by business and the governments can not be believed. Foreign investors and bond holders are fleeing.
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  2. The economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is 20% Unemployed people are not huge consumers. They do not buy homes or cars. 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.
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