Comments by "Kenz300 x" (@KJSvitko) on "Beijing Panicking: Total Collapse In Confidence In China’s Economy | Housing Crisis | Stagnation" video.

  1. China is in a recession. Negative GDP. There is no growth only declines.
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  2. China is just now figuring out what a PONZI scheme is. NEW buyers paying off old projects. Pre Sold selling is a scam. People are locked in and forced to pay a mortgage on an unbuilt property that may never be built. The whole property development industry is a scam with shoddy construction and unfinished properties. Buyers are left with no way to get their money back or a finished property. What a scam. The government does not care about the average working people that got scammed and does nothing to make them whole. The government is protecting developers and banks but not the people.
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  3.  @gtw4546  The problem i much bigger than the CCP expected.
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