Comments by "Kenz300 x" (@KJSvitko) on "China’s Weak Economy Affects Hong Kong, Causing Super-Luxury Real Estate to Devalue by More Than 25%" video.

  1. China is too aggressive with its people, its neighbors and the world. This aggressive behavior has consequences. This is bad for China and the world. It is much better to get along with others and solve differences by trying to develop a win - win solution. Win - lose solutions are bad for people and the planet. We all need to get along and quit trying to lie, cheat or steal to get ahead in life. China has poisoned its air, land and water resources abusing its people, nature and the environment. 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. Foreign companies and foreign investors have left for friendlier countries. The risks in China are too high.
    1
  2. 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.
    1