Comments by "Kenz300 x" (@KJSvitko) on "China’s Two Most Lucrative Industries Collapse; 300 Million Pin Hopes on Lottery Riches" video.

  1. China has ignored the Climate Crisis and environmental protection for too long. Weather events are getting more extreme because of Climate Change. Damage from extreme weather events will have huge costs. How hot does it have to get before governments and corporations wake up and stop adding more fossil fuels to the climate fire. There is a Climate Crisis. We need Climate Action NOW ! Floods, droughts and extreme temperatures caused by burning fossil fuels will get worse over time. Adding more coal power plants will make the Climate Crisis even worse. Adding new wind and solar energy production is where new infrastructure spending should be done. People need clean air to breathe and clean water to drink. China has allowed companies and people to pollute the air, land and water resources they need to survive.
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  2. Fossil fuels are destroying the planet. it is time to switch to wind and solar energy combined with battery storage.
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  3. China's economy will further decline. There will be stock loses. Bond loses, more property developer bankruptcies, more retail store closings, more bank bankruptcies, more local governments going broke and more unemployment. China has not hit the bottom yet. More pain to come. Only a huge national government bailout can slow the decline and the damage. The PONZI scheme has been exposed. Endless debt is NOT ENDLESS. The GDP is 0% or negative. China is in a recession.
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