Why China’s Economy is CRUMBLING
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China’s economic fortress is collapsing. Again, another see I told you so moment here from the program, but I’ve to rip into the kids, the children, the children, the little minds, the skulls full of mush as Limbaugh used to call them, the so-called journalists that work at the Wall Street Journal. Here is an actual column from the Wall Street Journal today. China’s Z.
is building economic fortress against US pressure. As Trump turns up the heat on Beijing, China’s trying to become more technologically self-sufficient, but its efforts have a significant cost. Okay, and again, this is classic, classic liberal children working at the Wall Street Journal rather than conduct journalism, trying to paint a picture.
Paint a picture that’s not true, but it’s their little utopian vision. A day in China could easily start like this. Roll out of bed and swipe through WeChat messages on your Huawei smartphone. Hop into a BYD electric car and drive to the railroad station where a high-speed train from state-run factory whisks you to your destination. That’s wonderful.
China’s design nuclear plants, solar farms, and wind turbines power the city’s lights.
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power plants. Oh, they’re building coal fired plants left, right, and all over the place. The wind and solar for the most part is to be sold to the rest of the world because the rest of the world were dumb.
Yeah, I remember, I don’t know, this had to be 20 years ago. Do you remember I was popular with the kids? Remember those stupid silly bands that kids had? were like these bracelets, these rubber colored bracelets, silly bands. And I remember on the program making fun, I said, know, some Chinese guys driving a Ferrari right now, selling this crap.
all over the globe. I’m making a fortune off this. mean, who buys this junk? The same thing. Who buys Chinese solar power cells and win all that crap? Yeah. Dumb people with more money.
Yeah, and this column is that China is relying on making more of its own. They’re, he says they’re relying on Chinese made solar panels, you know, rather than import energy.
building coal fire plants all over the place. Again, this whole industrial policy, yeah, they’re able, lickety split. They can get government dictates done much faster than we can here. You gotta hand them that. And again, this is where I compare stupidity in the United States to stupidity over in China.
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Their stupidity works at a much faster pace. Let give you an example. So if they got a government project that needs to be done, no freaking environmental review, okay? Nobody’s gonna file lawsuit against the government because, you know, in regards to their property, government’s just gonna take it. They will wreck anything in their path. Again, there’s no individual rights there. The state rules.
The state’s all powerful. So if they decide they want to put up high speed rail here, there, and everywhere, despite the fact that we’ve already gone over this, many of this high speed rail, nobody’s riding these things in certain areas of the country. Doesn’t matter. Plow over Mr. So-and-so’s farm that’s been in his family for generations. And they don’t have a claim against it. Yeah, again, because they have.
We have individual rights that makes it little bit more difficult here in the United States. So again, they can get their government programs going at a much, much faster pace, but they’re expensive. They’re expensive. And what happens if they don’t work?
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Again, Chinese government, we’ve got to build. We’ve got to build, we’ve got to build, we’ve got to build, we’ve got to build. All these buildings that no one’s occupying, luxury, all this stuff, the value of real estate collapsing, because again, that’s how all of these municipalities in China derive their revenue by just selling off land. Wasn’t so much in regards to property taxes and people invested in these things because again, they don’t have.
They don’t have any sort of pension system, social security or anything like that. And they had a one child policy where they have an aging population. sure. They’ll spend a lot of money on industrial policy. Meaning that, you know, maybe it takes longer for their soon to be or shorter, excuse me, for their soon to be mothballed plants.
you know, to go out of business.
Again, all sorts of Chinese goods because of this investment, and this is part of the trade issues that we’re having, are getting pushed out at below market prices. That’s called dumping. It’s called dumping. And that’s the issue that we have. When a government comes in and it subsidizes a certain industry or a plant, whatever it may be, and there’s no concern,
about it being in the black. Because again, it’s government money. They produce these things, they can’t sell them. You know what? We’ll just sell them overseas. We’ll get whatever we can take. Again, that’s a problem. We do that too here in this country. And what do you think the CHIPS Act is? We just subsidize CHIPS companies here in the United States. Completely unnecessary.
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Completely unnecessary. Again, the same type of thing. They’re calling it in this Wall Street Journal article, even though they’re praising the utopian vision. China needs to find new growth levers right now to offset the drag on its economy from a languishing real estate sector and a darkening global backdrop for trade.
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How are you planning on turning around the languishing real estate sector when you have a massive overbuild and a population decline?
How do you turn that around? You can’t.
can’t. Again, this is what happens with command and control. Again, China’s in trouble. Again, Xi put them on this path, decided to go in the opposite direction, more control out of Beijing, and it’s It’s failed economic fortress. Please, it’s a disaster. Right now. Watchdog on Wall Street.com.
