Comments by "Kenz300 x" (@KJSvitko) on "40% Plunge In Govt Revenue, Chinese Economy “At Crisis Point” | EU-China | Chengdu | Housing Crisis" video.

  1. China is in self destruct mode. China is too aggressive with its people, its neighbors and the world. 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.
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  2. The economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is 20% 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.
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