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Kenz300 x
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Comments by "Kenz300 x" (@KJSvitko) on "China Is 'Secretly Terrified' The US Will Win | Chinese Economy: Consumption | BYD Innovation" video.
China's economy will further decline. 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. The PONZI scheme has been exposed. Endless debt is NOT ENDLESS. The GDP is 0% or negative. China is in a recession.
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China is too aggressive with its people, its neighbors and the world. This aggressive behavior has consequences. This is bad for China and the world. It is much better to get along with others and solve differences by trying to develop a win - win solution. Win - lose solutions are bad for people and the planet. We all need to get along and quit trying to lie, cheat or steal to get ahead in life. China has poisoned its air, land and water resources abusing its people, nature and the environment. Xi has killed the "Golden Goose" He has moved the country away from a market economy and back to a planned economy with government owned businesses. Foreign companies and foreign investors have left for friendlier countries. The risks in China are too high. Supporting China's excess manufacturing capacity is bad for the world. China's huge subsidies to their manufacturers are meant to hurt any competitions and give them out of business. Free and fair competition is not understood or practiced in China. The rest of the world needs to stand up to their unfair subsidies or loose their own manufacturing base.
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Smoke and mirrors.
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