Comments by "Kenz300 x" (@KJSvitko) on "China targets 5% GDP growth in 2023 while India's Q3 growth slows to 4.4% | Economic Update | WION" video.

  1. China's economy is in slow decline. The virus lock downs sped it up. Throwing more money at building empty buildings will not fix it. Lower GDP, higher unemployment, property developer bankruptcies, small and medium businesses going broke, local governments running out of cash, local banks running out of cash and individual personal despair of the population will lead to lower consumer spending. This will end up impacting the world economy and the US. China will try to spend its way out of its decline with government stimulus and that will reduce prices of goods produced in China and shipped around the world. Inflation will decline. China is the worlds second largest economy. A slow down in China will slow demand for energy. Steel production has declined and companies are going bankrupt because of the property developers stopped projects all over the country. The property developers collapse will ripple thru out the economy. Lock downs made it worse. Individuals, corporations, bond holders and investors are leaving China. The ruffled feathers about Taiwan are meant to stir up people and have them rally around the CPP and China. They need to distract people from all the economic problems in China.
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  2. China's GDP is an illusion. It is a PONZI scheme built on increasing debt. An economy that was closed and on lock down could not possibly have 3 % growth. You can not believe any numbers coming from the government or businesses in China.
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