General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Kenz300 x
Business Basics
comments
Comments by "Kenz300 x" (@KJSvitko) on "China's GDP Lie, $16T Faked, True GDP 60% Smaller Than CCP Reported" video.
Lie, cheat and steal are all too common today. China allows too much corruption. Theft of intellectual property is common. They try to dominate the market and put other local companies out of business. Spammers, scammers and phishing accounts are common and not prosecuted. Disinformation is a common tool to divide people and rally supporters. You can not trust any numbers produced by companies or the government from China. China's economy is in slow decline. The virus lock downs sped it up. 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.
1
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.
1
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.
1