Protests In China: The Story Behind the Bank Scandals

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explanation of the chinese economy in this video is absolutely without a doubt the best video I have ever seen. Thank You very much for the GREAT JOB of your very informative video .

I wonder how long before the ccp completely fails?

I wish people would stop making comparisons to the US bubble burst in 2008, they are completely different. The US system is totally different to the Chinese system. From what I'm seeing about this Chinese crisis the amounts here and the effect on China is far greater than 2008 in the US. Corruption in the Chinese system is so systemic that is makes any other corruption anywhere else in the world pale in comparison. That is a fact, even the BR initiative promotes and encourages corruption in the nations they build infrastructure. These are facts whether you like it or whether you believe it or not. If you're Chinese and you don't like what I've said here then maybe it's time to wake up and start realizing how badly your country is and has been run for the past 20 years. The growth of the economy is factually due to foreign investment and has nothing to do with innovation or real internal economic growth. The economic growth of the property market again was due to the foreign investment which lead to many rural peoples migrating to urban areas to earn money from this foreign investment. Without the foreign investment there would not have been any property or financial system growth, and what's happening now in China is proof of that. Yes the ridiculous zero policy is playing a big part but other than that it was the untying of production links between foreign companies, how many have since 2020 left China? You're talking hundreds if not thousands, and not small companies, big names, Apple, Samsung, Sony, Toshiba, Foxconn, and these are just the electronics ones, what about the other sectors. People don't realize that this is what has and is causing the collapse, people think it's simply the development and property sectors which effects banks, but the reality is that many companies fleeing China has has an indirect effect on the property sector, unemployment in China is growing at an increasing rate every month.

The prepaying system for real estate has existed for a long time before it came to China. The system continues to operate and deliver in many said regions and countries. What's different in China is unique in the mind of her population, that everything is for a quick buck, other than the nationalized strategic industrial complex, which is really ironic. It's like the handful of the top elite is to run the whole country times 10 to make up the lost time from the past mismanagement. So when things blows up, we can anticipate the power will be much more spectacular as elite's control can't reach every little details of every Chinese life even they tried.

And as I conclude, Boyle is reporting on the symptoms of the economy mechanisms, which is really driven by shaping and reforming of the Chinese identify, moral, and value systems by the Chinese Communist Party. It's a gigantic flow of (docile) human capitals and society that mixed with half-cooked western values and methods. This forms the Frankenstein of the new 'experiment', as gracefully explained by chairman Xi.

I believe this flow will continue as the cost to change is in-affordable although it is slowly self dismantling, much like how some of the west is doing (hello US/EU). The race to who will collapse first is eerily familiar.

When economy growth/expansion is relying on sale of land plus corruption by party officials it's a matter of time for a collapse of the property sector.

"The problem with socialism is that eventually you run out of other people's money"
– Margaret Thatcher

In this case, home lessors' money.

An unremarkable 6th grader could have told you the Chinese property market was overdue for collapse. I don't take joy in seeing people lose their life savings, but anything that hastens the CCP's demise is a step in the right direction. China is on the decline, the facade of indefinite growth is evaporating.

Take your money out of the bank and change your money into Dollar USD . The Yuan will be unless soon.

Patrick, Patrick no way this can be resolved in a normal situation, due to China's whole system being basic on a Ponzi debt system.
After doing extensive research, China's system is caught in a domino effect.
See, China just announced its steel industry is crashing. China has already overbuilt 90 million apartments with 45 million empty.
The high-speed train that doesn't generate any revenue and too many half-empty skyscrapers that are 60% full.

Trillion-dollar investment in the Beland Road Project and all the countries can't pay.

There's also a problem with oversupply in the housing market, IMO. There's just so much empty property that it's basically priceless, i mean worthless. All those people who believed in the RE market will soon find that there are no clients they can sell all that property to. And that is what the biggest timebomb is. So, what we're seeing now might be just the tip of the iceberg and i have no idea how the gov would ever deal with the basic oversupply problem. The prices will have to come crashing down to market levels, and those levels are far lower than mortgages on them, and we all know what that means for the banks and the whole economic system…

The great Ponzi scheme…but by the govt. US bonds sold this investment.

I think I'd be willing to take a large enough offer of garlic for a down payment for a home

I hope you can give your thoughts on the Dubai Property market

One thing we can be almost sure about is that Chinese people are extremely docile and resilient. They will literally work themselves to death to pay off the unbearably expensive property, because jumping off the roof does not cancel the debt (their children still have to pay for it). You are literally not allowed to go bankrupt. Those Henan protesters and mortgage deniers will always be the small minority. The "lie flat" people are minority, otherwise why is wages still so low when apparently nobody wants to work? Most people just don't want "get into trouble" as the government has more than enough means to make their lives miserable should they step out of their bounds.

So in the end, the people of China will be the ones who bear the cost of deflating this bubble. If CCP refuses to hand out stimulus payments to people who are forced into lock downs, why should they spend a penny bailing the people out?

Very interesting video. Thanks!

7 Behold, he changed their hearts; yea, he awakened them out of a deep sleep, and they awoke unto God. Behold, they were in the midst of darkness; nevertheless, their souls were illuminated by the light of the everlasting word; yea, they were encircled about by the bands of death, and the chains of hell, and an everlasting destruction did await them, And now I ask of you, my brethren, were they destroyed? Behold, I say unto you, Nay, they were not. China/Customers.