Comments by "Kenz300 x" (@KJSvitko) on "China’s economic woes deepen with Evergrande US bankruptcy filing | DW Business" video.

  1. 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.
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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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