Comments by "Kenz300 x" (@KJSvitko) on "60% Collapse Hits Housing | Chinese Economic Growth Era Is Over Says BlackRock | Housing Crisis" video.

  1. China's economy is in slow decline. The virus lock downs will speed 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. 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 will make 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 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 from China. China's economy is in slow decline. The virus lock downs will speed 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.
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