Posted on 12/16/2020 8:53:35 AM PST by Onthebrink
Last month, China released details of its 14th five-year plan, the outline for how it will double its GDP by 2035, rebalance its economy, attain technological self-reliance, transition to a sustainable economic model, and stage a green industrial revolution to boot. Good luck.
In the short time since the plan’s announcement, the country’s biggest-ever IPO (for Jack Ma’s Ant Financial Group) has collapsed, several strategic tech firms have run into financial trouble, and now the country’s national champion chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has been thrown into turmoil by the (apparent) shock resignation of its CEO. China has started letting commercial banks and consumer finance companies go bankrupt, after years of protecting its financial markets. And the governor of the central bank, the People’s Bank of China, has publicly warned that he won’t bail out local governments that can’t pay their debt.
China officially claims that its brief coronavirus recession lasted just three months, with the economy growing robustly in the second and third quarters of this year. Western analysts, as usual, have drunk the Kool-Aid. But new university graduates don’t struggle to find jobs in an economy growing at more than 5%. They were struggling last year too, when the economy was supposedly growing at 6%. This year, the government is actually warehousing new graduates in state-owned enterprises (SOEs) and the military, both of which are recruiting record numbers at a time when SOE profits face declining profitability and even military spending growth has slowed.
(Excerpt) Read more at 19fortyfive.com ...
How much you wanna bet their recovery plan includes our takeover?
If not, it soon will. We should help it along. Cut off ALL trade with China.
At best they’ll attempt to invade Taiwan and maybe northern india. Xi can’t stop what’s coming, though. Someone should hustle a bomb onto the three Gorges dam and speed up the process.
In China you never listen to what they say. You ALWAYS need to watch what they do.
They lie about everything.
So numbers can only be based on what arrives, what we send them, and how the government acts (usually through leaks or foreign sources.)
And printing their money as if there were no tomorrow.
China has not been territorially expansionist since the Khans.
They want to rule the worlds economy. But they need our resources and they don’t like our regulations.
The list of the CCP members that is being published should terrify the US government—it would lead to connections with US officials who are getting rich selling out the US.
I am not afraid of Chinese overlords coming down my street. I am concerned about the Chinese owning my mortgage contract.
Of course. THAT is a given
The Chinese communists opened the valve just a little bit on capitalism, and it has scared the crap out of them.
They would rather be in total control of starving peasants than lose some of their control to provide a better life to all Chinese.
Don’t worry about China. The Bullshiite lockdown going on in this country (other than the great state of FL) will bring us down too. Just what the Dims are hoping for...the end of capitalism and the beginning of a new socialist “utopia”.
The Chinese did have some problems. That’s all been fixed. Joe and the Ho will make China great again.
Don’t worry, that piece of trash Biden will fix it.
DJT winning in 2016 put a huge dent in china’s global plans thats why they are out to destroy him and US!
The #1 way we defeat the CCP is for the American people to stop buying stuff from China.
...why is there not a single politician calling for a boycott?
China has also abandoned major construction projects in other countries due to lack of funds.
Earlier this year I was traveling in Laos and Cambodia where China Railway has abandoned major construction. I put a picture of a partially constructed railway bridge in Laos over the Mekong River on my Facebook page and within 30 minutes it was deleted by the Chinese censors. I posted it while still in Laos.
Weeds were growing on the partially constructed railroad beds. Clearly it had been abandoned.
China has also abandoned major construction projects in other countries due to lack of funds.
Earlier this year I was traveling in Laos and Cambodia where China Railway has abandoned major construction. I put a picture of a partially constructed railway bridge in Laos over the Mekong River on my Facebook page and within 30 minutes it was deleted by the Chinese censors. I posted it while still in Laos.
Weeds were growing on the partially constructed railroad beds. Clearly it had been abandoned.
If America goes broke so will Chyna the majority of everything in this country that is sold is made in China everything! I’ll look for the label made in the USA and it is so rare to find those labels in the department stores ... Go to the dollar tree and everything sold there is made in China, let’s face it it’s a Chinese owned store. That store alone brings the Chinese $1 billion a year but by them releasing the virus to get rid of one man they themselves slit their own throat financially. All they have left is to invade and take over our nation which the swamp creature rats evil bastards will be more than happy to open up the floodgates and let them in. Especially McConnell.Our Pentagon and military are so weak right now that Chyna knows that they’ve got the upper hand. Because we have nothing but spineless representations weasel who only care about lining their pockets instead of defendIng this nation.
Those would be interesting pics to see.
Covid business shutdowns in San Francisco have caused 53% of all small businesses in the city to fail. It should follow that real estate values will fall. Rents there are already down to nearly reasonable rates. I predict that China will buy up lots of real estate in San Francisco and establish a colony. Chinatown will be much larger than it is now.
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