Comments by "Kenz300 x" (@KJSvitko) on "‘Embarrassment’ China’s New Submarine Sinks | Economic Concerns | New Zealand-China" video.

  1. 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.
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  2. Lie, cheat and steal are all too common today. China allows too much corruption. Theft of intellectual property is common. 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. Society can not function if no one can be trusted to tell the truth.
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