Comments by "Kenz300 x" (@KJSvitko) on "50% Collapse As ‘Investors Flee’ Chinese Stocks | Chinese Economy: April Contraction | Huawei" video.

  1. China's GDP is an illusion. It is a PONZI scheme built on increasing debt. An economy that was closed and on lock down could not possibly have growth. You can not believe any numbers coming from the government or businesses in China. Foreign investors are waking up to the risks of a planned economy with government businesses replacing the market economy.
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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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