Comments by "Kenz300 x" (@KJSvitko) on "Why China’s Evergrande Collapse Matters | Chinese Economy | China-Russia: Pipeline" 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. China's real estate industry is bankrupt. This will impact the rest of the economy and then the rest of the world.
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  2. 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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  3. Europe, Germany and the rest of the world have been too slow to transition to wind and solar energy and all electric vehicles. Wind and solar energy do not need to be imported and can be produced locally in any country. Europe needs to provide incentives for homes and businesses to install electric heat pumps and get rid of old polluting gas and oil boilers. The move to electric vehicles will also be sped up. There is no good reason to help fund Putin's war by buying oil, gas and coal from Russia. There is a Climate Crisis making weather events more extreme. Time to switch to renewable energy. The future is renewables. They are safer, cleaner and cheaper than fossil fuels
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  4. China is uninvestable. There is no rule of law. There is no freedom of speech. There is no freedom of movement. Internet activity is monitored. Cameras monitor public spaces. No privacy. Numbers produced by companies or the government can not be trusted. New laws put everyone at risk for arrest for spying. The government manipulates all business and government statistics. State owned corporations are puppets of the government and its policies. Companies and the stock markets are not free and fair. Manipulation and misinformation are everywhere. There is no 5% growth this past year. That is a made up number. The is no growth. 0% The economy is contracting. China's media is all state propaganda and can not be believed or trusted to tell the truth.
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