Yes, I'd watched that video stream live.China is unlikely to recover. The Panic in Cheenland is now complete.
China's NIM - net interest margin is very low. The differences are very low 1.4, negative for largest bank of China, normally 2.8 is healthy. China's unemployement is raging well over 33%. Internal consumption is lagging. External consumption, the lid has been placed by tarrifs in EU/US and other nations. Huge overcapacity factories are lying idle which directly contributes to unemployment. One of the key things for high tech manufacture are equipment maintanence and repair. Most of them were imported into China factories to keep them humming. But those vendors are gone. I heard their high speed railway critical components were supplied by Japan and France/Germany. Now, those supplies are stopped. Same for the new fangled commercial aircraft, the engine is from GE. All the wealthy Chinese have fled to Canada, EU, US taking their major money away. The largest illegal immigrant population via Mexico is now Chinese origin people. The Deep State pocketed the moolah from the Chinese, and these chinese are not going to do the grunt work for the US!
Lt. Gen P R Shankar and Maj Gen Rajiv Narayanan have the complete picture in this YT.
https://www.youtube.com/watch?v=ZIPTwofxFV0
But I don't get how Mighty China can fall so easily. They were walking tall before, and yet they've now been brought down so quickly.
Celebrations seem premature, if you ask me. They are still world's 2nd-largest economy (or largest by PPP)
They are still building up their navy and their nuke arsenal.
They won't suddenly disappear anytime soon. We Indians always like to count our chicks before they're hatched.
Statistics: Posted by sanman — 14 Oct 2024 03:40