China's next crisis is about to unfold

After the real estate crash, China's next crisis is ready to unfold.
Whether China's current crisis is deflation or inflation, observers have different views. However, they all agree that China's economy is in a depression and becoming increasingly dangerous

[주명화-wc]

The whole consumption power of nearly 1.4 billion people in china will be no more than that of a trillionaire in America. Only those who had been involved in business with west countries in china have got some amount of money which will be taken away forcibly by ccp for war expenses. To evade this money confiscation, the rich in china would flee away overseas with their money by any means. So with only few rich men and the rest of penniless populus, china's purchasing power would be plummeted again and again. Consequently total china consumption power will be less than that of 1 trillionare of America. Only low end meals will be consumed and wares for street life will be purchased. Cause they need to be frugal as much as possible to make end meet every single day. No further purchasing will be done but the minimal survival mealkits. But in time of economic freefall, the expense of war will only be increased cause it's the people of china suffering in poverty not the ccp with sufficient money with its will at war.

[kdslQing]

It is reported that local governments have a debt of $9 trillion now. Banks are also saddled with bad debts around 5% of their loans in propping up developers. Meanwhile, Xi continues to run the country autocratically, even as he has no solution to the debt bubble. You can extrapolate what will happen going forward.

[SteveFukuzawa-ut]

China's economy goes up like a rocket, and being made in China comes down like a tofu dreg rocket.

[markgarin]

Way to go xi But chinese folks don't like predecorated homes.

[apriltan]

Appreciate this video's topic, keep up the good work even though the facts are not 100% accurate.
For example, 10 times bank leverage only exist in US, not in other country.

But i do appreciate the fact that this video is focusing on monetary economy.
If any chinese banks news update, please help to post in youtube.
Appreciate it.

[channosom]

China 1 RMB is 0.14 to US Dollar as of this writing.

[kmich]

US lens:
US sees clouds of a financial crisis gathering on horizon, unfolding.
News analysis
New York (United States) correspondent
Financial bubbles, latent capital losses, opaque markets and abysmal public deficit: The warning signs of a financial shock are proliferating in an American economy that has not been able to rid itself of its slow poisons – high inflation and high interest rates.
Published on June 1, 2024, at 3:55 pm (Paris), updated on June 2, 2024, at 9:01 am