Name: CCP in Economic Crisis! Consumption and Investment down, Debt and Unemployment up... | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming
Uploaded: 2022-08-22T14:51:13.431Z
Duration: 24 min 29 s
Description: Pelosi's Taiwan Trip exposed the political and military weakness of the CCP. CCP‘s big mouth threate... | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming

Mr. Wu in Europe

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Pelosi's Taiwan Trip exposed the political and military weakness of the CCP. CCP‘s big mouth threatened to take military action but end up with zero action.

Another deadly weakness is the economy.

Consumption down:
E-commerce: Didi 滴滴出行 45 million Users dropped to 10m. 攜程Trip.com dropped from 26 million to 6 million. Unemployment: website for employers to find new jobs increased 100%. Ex-employers are now jobs seekers.
40 million residence owners unable to pay back. 10 million apartments repossessed by banks. 460,000 companies bankrupt in the first half of 2022. Banks in Henan & Anhui froze the accounts of 450,000 clients. Health passport turned red for protesters.

Investment:
All 31 provinces had red figures. Major real estates developers are in huge debt. All major cities' debt is 3 to 6 times of GDP. Total debt in China (state, enterprise and private) is 3.4 times of GDP. Much foreign investments moved to Vietnam, India and other Asian countries.

Export:
Investments of foreign firms plus lockdowns have jeopardized export heavily. Electric cars jammed up in Shanghai waiting for missing parts.
A step closer to collapse.

ExclusiveCCP in Economic Crisis! Consumption and Investment down, Debt and Unemployment up...

Mr. Wu in Europe