Comments by "Kenz300 x" (@KJSvitko) on "Biden Warns of China’s Doom: Is It True? | Rural Governance Challenges | China Economy" video.

  1. China's economy will further decline in 2024. There will be stock loses. Bond loses, more property developer bankruptcies, more retail store closings, more bank bankruptcies, more local governments going broke and more unemployment. China has not hit the bottom yet. More pain to come. Only a huge national government bailout can slow the decline and the damage.
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  2. 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. China will export deflation around the world. Their factories will keep running and exporting until they go bankrupt.
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