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It's kind of tough to find China on GDP/debt charts. Here is one from 2021, so it's a couple of years out of date. There must be another factor if your statement is accurate.
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Posted on 07/12/2024 3:54:50 PM PDT by Brilliant
https://youtu.be/gL7rOty0EPU?si=TRY-2IRRzyM-AlLQ
(Excerpt) Read more at youtu.be ...
Babe needs to put some makeup on before she goes to work.
I watched several minutes of it. Looks like downtown USA.
It could be everywhere but China does not mind, I think.
To continue to economically develop, they are willing to allow the people to go bankrupt and start over and rebuild. They will eat every dollar that disappears.
I don’t know if the government can survive without going back to the days of Mao, however. That’s unknown to me if even the government of China can survive that.
I have been watching a lot of videos on the Chinese economy lately ... I don’t think you are right. The Chinese economy is imploding from just about every angle. Their banks are getting wiped out. The rise of China was made possible by borrowing the economic engine the west spent 100 years building but with no safeguards, and all the leverage and fiduciary shortcuts are now catching up with them. The government is doing everything it can to keep the Chinese stock market from a 1929 level extinction event. Heck, this is more like 2008 meeting 1929. The housing bust is causing the stock bust.
My point is that China is willing to let this happen to right-size its economy. It’s built the infrastructure on the world’s money and it will keep that and nobody will be able to take it away. It will just reset and start growing, like a giant Iceland.
I could be wrong that China is as affected by overspending just like every country is because economics is economics. However, China is willing to pay the price through millions of deaths to get through its troubles. It will let it happen, millions might die, and it will start rebuilding once it hits bottom.
I don’t think China ends, even its fascism-communism, with its troubles. I am willing to be wrong, however.
Thank you for posting this. Only at FR do I ever get obscure intel like this.
If this is a problem found throughout chinaville, there’s going to be trouble.
I’m no expert, but as I understand it, China’s demographics are now very lop-sided. They have (relatively) many old people. And old people need to be taken care of — they use resources but mostly do not contribute labor to the economy. And China has (relatively) few young people. Young people work and consume. They grow the economy by contributing their labor and by buying goods and paying taxes. Those vital activities are not being done enough to keep the Chinese economy growing.
One line of thought had been — kill off the old people who consume but do not contribute. Some thought that this was what COVID was designed for.
But what the video shows is that young workers, upon whom China really depends, are getting totally screwed and are now working without pay. This adds to the recent Chinese phenomenon of young people feeling that there is no point to working and they join the “quiet quitting” cadre. So, to have ACTUAL workers getting screwed by the system seems like the very worst thing that could be happening.
And Xi is old. Once he dies, China may implode — they have no one in place to continue the regime. Political and economic chaos seem likely. And, no, under the circumstances I do NOT expect China to think that a war would suddenly be a great idea that would solve their problems.
The problem is that it won’t be confined to just China...
Government has no legitimacy except claiming it makes them not poor.
In China, people buy houses (really apartments) for investments. But they never actually live in them or rent them out. They exist in ghost cities and these apartments are little more than shells. And, really, if someone tried to live in them they would find it impossible. In many cases, these are high rises with no heat or even electricity. And the Government actively encourages people to invest in order to create jobs.
Also, building standards in China are horrendous. I personally toured some “new” (inhabited) developments that lacked air conditioning, elevators, and the concrete was cracking badly. They also build highrises anywhere, even next to slums.
Chinese real estate investors should be angry, but in the past they often are able to sell these Ghost city real estate at a profit. But I think that era has come to an end. Brace for lots of anger.
Cmon, man….BRICS is gonna bury tha dallah.
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It's kind of tough to find China on GDP/debt charts. Here is one from 2021, so it's a couple of years out of date. There must be another factor if your statement is accurate.
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Totally agree.
China’s debt to GDP is 71% now.
China’s best bet to stop its collapse is to allow the collapse to happen and let the economy find its level.
No payeee, no workeee.
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Those who choose to "lie flat" walk away from the rat race, lowering their professional commitment and economic ambitions, doing little beyond what their job demands to pay bills.
They often also embrace bai lan ('let it rot'), shrugging at a deteriorating situation rather than being the fool who kills himself trying to fix it.
With indifference to the Chinese government discarding their one-child policy and introducing a three-child policy in 2021, China, like the West, faces a widespread decline in willingness to marry and have children. The globalists showed their hand during the Scamdemic and will have an impossible time getting anyone to give a damn anymore. Who's going to believe that they won't just upend their entire lives in order to rig an election and affect the largest transfer of wealth from the lower and middle classes ever seen in history?
There is a very poignant video from China where officials are threatening a woman who won't stay locked down in the apartment where she's looking after her parents. He's telling her that her family will suffer for three generations if she doesn't obey the lockdowns to which the woman continues cursing him out, telling him it doesn't matter because she's the last generation and not having kids anyway.
I suspect the Chinese are letting so many young men illegally emigrate to the United States because young men accepting they have no future are very dangerous for a government. The U.S. State Department is in on it because the disparity between the number of young men and women in China means you can't even placate them with sex. One person who wants to watch it all burn is bad enough, but a large portion of an entire generation that would help it burn is unfathomable.
This has been coming for a couple of years.
China is a mess.
You’re that we don’t know what is happening. But I don’t think I’m wrong that China has the fortitude to reset its economy if that will fix things.
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