That may be the leverage the Communist party needs to denounce and remove Xi if the party decides that a military takeover of Taiwan is not in the party's best interest at this time. Popular support for the Communist party in China isn't so clear despite its enormous success taking the country forward. Corruption and the brutality of decision making and implementation on the population has left many with an ax to grind. Failure to retake Taiwan quickly and decisively could turn the population against the party. In fact, there is little chance to see that military objective succeed.
When responding to a post on economic conditions in China it helps to first read the article posted about said subject. + + + IMO China will have to bail out too big to fail Evergrande and other property developers just like we did the auto makers and banks. No other way.
Also, old George has been saying the same thing for years, or even decades about the demise of Chinese Communist party. But the party still going strong.
LoL, China’s economic conditions are tightly intertwined with political conditions. Xi is the ultimate person responsible for the country's health at a time of intense economic and political turmoil. Please forgive me if I care more about Xi's downfall to prevent war than his ability to weather the collapse of real estate developers.
LOL alright. It is obvious you do care about Xi's fall and nothing about the actual topic - China's economic conditions.
Sure. As I said, George has predicted the downfall of Chinese Communist and its party leader many years ago and for many years. Yet nothing happened, or happens. George better worries about his own health. George had some success with funding anti-communist in central Europe. But he failed in Armenia. Other failure too. He tried to take down Hong Kong and he lost to Communist China again. He lost a big fortune. So he has not forgotten that.
Ok then... China’s economic condition is entirely manipulated by the CCP. The economic data you read is reviewed and modified to meet political economic agenda and is as accurate as their covid count. When there's no money, there's suddenly money and whatever hardship on the people is theirs to bare in silence. Local and regional officials are there to serve as fuses should silence be broken by a wave of anger. Real estate developers have been over building for at least a decade and there are plenty of ghost towns in China to account for that. The government clamped down and, well, developers start to fall. But who will suffer? Not the developers who ran with their money for western pastures. Not the banks because too big to fail. The apartment buyers maybe? That's the silence of the lamb and wave of discontent part where lower level politicians are made examples of. Sorry, probably not economic enough.
You can keep promote George's agenda. But his days are over. His prediction of all the downfalls never happen. Whatever. It has little to do with stock trading. Just some old dying guy making some noise. Do not want to respond any longer. Waste of time.