Comments by "Kenz300 x" (@KJSvitko) on "China Rocked By National Scandal | Chinese Economy: Deflation, Land \u0026 PwC | Third Plenum" video.

  1. There is no GDP growth in China. Bankrupt developers, closed retailers, closed factories do not report production increases unless you are making up the numbers. Companies, banks, financial institutions and government organizations are all reducing salaries of employees. Many foreign companies have left China with even more planning to leave taking their jobs with them. Unemployment is rising.
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  2. Xi has killed the "Golden Goose" He has moved the country away from a market economy and back to a planned economy with government owned businesses. Unemployment is rising. Property developers are bankrupt. Banks are running out of money. Local governments are broke. The lockdowns caused many small and medium businesses to go bankrupt. Empty shipping containers are pilling up at the ports. Foreign companies and foreign investors have left for friendlier countries. The risks in China are too high. Wolf warrior policies have made enemies of the people, their neighbors and the rest of the world.
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