$8 Trillion Bad Debts Topple China’s Big Four Banks, Banking Collapse Looming?

As of the end of October 2023, the total loans on the books of national financial institutions stood at 235 trillion yuan, with bonds purchased totaling 64 trillion yuan, amounting to 300 trillion yuan combined. Officially, the recognized bad debt rate is 1.8%. However, considering that a large portion of local government bonds cannot be repaid-estimating a 50% bad debt rate for these and a 10% rate for corporate loans-the financial sector's bad debts amount to 56 trillion yuan.
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[@BrianAlbert-hh3pi]

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

[@MelissaHobbs-qm8wi]

What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley bank?

[@BrianAlbert-hh3pi]

@@MelissaHobbs-qm8wi Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.

[@AshleyKeith-vw7ws]

@@BrianAlbert-hh3pi I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.

[@OliverLiam-px3vx]

I’m indifferent. All I really do care about is what assets and securities will drive the Santa Rally? It is upon us, folks. I have a $100k portfolio, and I have a friend who has grown theirs to over 30% with the recent rallies. He is up 4% this month alone!

[@BrianAlbert-hh3pi]

I might sell to the tune, but not without the approval of my broker as usual since 2022. With eyes and ears on Wall Street, I have raked in 140% on a managed portfolio currently worth $315k run under a hedge fund by Desiree Ruth Hoffman.

[@FrankAlex-no2tc]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Thomas

[@MarianaManez-kd6zh]

He is my family's personal broker and also a personal broker in many families I'm United States, he's a licensed broker and a FINRA AGENT in United states

[@FrankAlex-no2tc]

He's mostly on telegram using the user name

[@FrankAlex-no2tc]

Thomas1500💯.. that's it

[@MarianaManez-kd6zh]

His good reputation already speaks for him $ 110k last month

[@robhappe2705]

You can get a loan if you can prove that you don’t need money!

[@DeadFishFactory]

I mean, yeah? Remember the last time we just loaned money out all willy nilly? It caused the 2008 housing crisis.

[@tylerw8564]

What about the PPP loans?

[@MeiinUK]

You have to know how to do business. And how to recirculate back the actual money into the bank as well. So that it is sustinable. As usual... cos sometimes, they have these so called "free movements"... so therefore, they didn't stay to build up a city. And kept moving around so much as well. And one decision doesn't help another's. Unfortunately. I thought that their stock exchanges, or maybe they should have an internal mid-way currency exchange to dampen and reduce fluctuation etc. I mean... they don't have to follow other countries to do things. You can have your own model !

[@ongernie7216]

In China opportunities is only available, when you have connection with the CCP.

[@Serahpin]

Usury is supposed to be a crime.

[@MasticinaAkicta]

That is 8 TRILLION DOLLARS of KNOWN debt. KNOWN debt... with the shadow banking going on for a long while. Who knows what more is about to explode!

[@hopelinn__riuu8185]

Loaning from relatives is also common I heard... and fake gold... and unpaid salaries...😅

[@fdk7014]

It's the debt they are willing to admit to. You can bet that the real debt is much higher.

[@meetjeric]

that's why they keep trying to conquer the neighbors by bullying them which is already a bad move, just because their people have too much debt. the government is being selfish there

[@jordie4423]

It’s scary how much trouble is ahead. Hard to stabilize with the huge oversupply and the declining population

[@gregparrott]

$8 trillion? Compared to what was mentioned here, that's just chump change. At 19:49, the total debt was estimated to be 390 trillion Yuan. The exchange rate of the Yuan is ~7 yuan to the dollar. 380T Yuan corresponds to $55.7 TRILLION dollars. That does not include large unknowns in shadow banking, cooking the books, etc., etc.

[@markmywords9372]

The worst thing about all of this, is that it didn't have to happen. The CCP caused all this misery with their bad policies.

[@0Zebadee0]

Totally agree. The 2022 national policy to transform China into a nation of farmers and soldiers was a terrible idea.

[@meetjeric]

imagine making it happen to your country if we dont stop them from bullying

[@Serahpin]

Same problem in the US: bad government. Too high taxes, too much regulation for small businesses, not enough regulation for big businesses, unresponsive government that has an open hatred for it's own people, open borders, etc.

[@SuperOdyss]

@@Serahpin Not enough regulation for big business? You get dropped on your head?

[@jordie4423]

@@Serahpinlol too much regulations for businesses , in the USA??? 🙈 you can say whatever you want about the USA, but not that there is too much regulation. The USA is very business friendly. The borders should be better protected and inflation is a problem, but it’s investment friendly. China is a horror show, the HongKong model is gone and the state is not a great partner if you look for investment in China.

[@NirajKumar-wb5hg]

Is this true that china 30 to 40% gdp is fake ?

[@mah7961]

Well they did claim that the GDP grew by 5.6% in 2023. But it was probably really at .0056 %. You know just move a decimal point here and there. They got to live up to the name as the land of shortcuts and facades.

[@user-vy4cu8ui2x]

i'd say 60-70%. its a ponzi scheme

[@MK_ULTRA420]

@@mah7961 Or it grew by -5.6% and they just removed the negative.

[@MeiinUK]

It's not really fake.. It's just moving very very very fast.... Since they are so big. That movement is very fast.

[@Doug-rv3nr]

Everything in China is a lie, dishonesty is a major pillar of Chinese culture.

[@emmapeel8163]

We're also Trillions in debt. Russia. EU. Africa. S.America. etc.. who do we owe money to exactly?

[@YourHineyness]

People who wear small hats.

[@nehpets216]

Depends, If you buy Government Bonds then they owe you. Banks buy them as well to sit money that they want at a very low risk (it's why the banks complain so much when the Gov interest rate goes down, that rate is what the Gov is paying the bank / person who buys new bonds.) It's more complicated than that but that should give you a basic idea of where to start looking.

[@truthseeker7183]

God said no to Usury, sooner or later everyone would become a slave to those who controls the world Banks. You own nothing and be happy😢

[@EugeneCrabs-uh4mu]

An estimated 75% of wealth is tied up in real estate, specifically in homes that require payments while still under construction. If the housing market crash of 2008 in the United States didn't highlight its inconsistencies, I don't know what would… greed is hell of a drug

[@HKim0072]

Can you really call -20% a crash? That's what the US did from Q1-07 to Q1-09.

[@piotrmajewski5978]

In US if you can't pay mortgage, bank takes your home and you don't have debt. In China(and in my country as well) if you don't pay a loan, bank takes your house, sells it cheap and you still owe the diffrence to the bank. You can't compare this to US crisis, cause in US banks had debt problem. In China mortgage payers do.

[@HKim0072]

@@piotrmajewski5978 Without securitization and CDS, housing in the US wouldn't have been an issue. There was barely any oversupply in the US market (except regional pockets).

[@bbustin1747]

@@HKim0072 it was greater than 20 percent .. in fact some areas it was greater than 50 percent. Particularly if the property was sold by the banks. It was only until 2009 did the free fall stabilize when the FED backstopped the markets with their artificial low interest rates with debt monetization. Sound familiar to 2021 ? it’s exactly the same but for different reasons.

[@HKim0072]

@@bbustin1747 I literally looked at the FRED data. It was -20%. You need to take a statistics class and understand how median / averages work. Or just take a basic math class.

[@p.d.stanhope7088]

Do you think the CCP will allow their Central Bank be independent??? 🤣🤣🤣

[@justinwolf7490]

Yes this is why I laugh at BRICS or dedollarization. Like who TF will back this new currency. Not China they have the worst banking system in the world 🤣

[@truthseeker7183]

No chance lol 😂

[@charzemc]

Millions of dollars in investments but they couldn't see this coming, not very aware for investment speculators.

[@ryananderson5202]

Borrow spend complain

[@mah7961]

Tough times are heading for you China. Time to figure out what’s more important buying that counterfeit Rolex. Or that cup of noodles.

[@ChineseRatfaceCHANG]

They hate Americans too

[@jonathanwilson4486]

Tough times for all of us brother

[@patriot388]

China's economy is on the ropes! I feel for ordinary Chinese people! 🤔

[@ryananderson5202]

Nope

[@simulationescape5467]

No, they support the corrupt Communist system.

[@YourHineyness]

The average Chinese is just as crooked as the CCP. When the government isn't ripping them off they are ripping each other off. A culture of predators.

[@awjames1121]

We all must actually worry for usa so many homeless who sleep on road sides and no food to eat,,,?...

[@awjames1121]

We feels for usa many homeless, jobless, and sleeping on roadside without food to eat,,,?.. so sad for usa to be in very very deep financial troubles now,,, ? . .

[@mikedavison4313]

I dont get it? I see a constant stream of articles saying china real estate and manufacturing is in total chaos, and yet china still seems to continue to buy a lot of raw materials like iron ore at high prices. Is there something happening in the background?

[@RealJeep]

The CCP is buying it to build up their military.

[@seabedsand]

Why is there no discussion about the bankruptcy of the two big banks in the U$, but there are so many people talking about the failure of the banks in China

[@laytonnortje7961]

Agreed. Wonder who's behind this channel. Always bashing China.

[@RussCR5187]

Certain news topics suffer from censorship. Overall, it's the manipulation of public opinion they're after.

[@dustinmiller2775]

THIS is what we've all been told was going to take over the world, huh?

[@meetjeric]

yeah if we dont act in WPS, eventually we'd END UP LIKE THEM! who likes bad debts bothering your lifestyle?

[@user-ry7sl1eu6l]

yeah using their CGI and AI narration, twisted pronunciation and whatnot hahaha

[@animejanai4657]

If China conquered Taiwan and seized all the assets, it could cover a lot of the debts by transferring taiwanese assets to cover the debt. Of course, the conquered people have no rights as their patents and copyrights are also seized.

[@rythmjc3]

It was all lies to begin with

[@seraph3761]

You’re not the audience. Anti-Americans are. And they drank the coolaid given to them.

[@pmshah1946]

AFAIK and understand the finance cycle follows this system. The promoter gets loan from the bank AND applies his own funds to buy land licences from the local authority. Now they make plans on paper and sell the properties still only on paper to individuals. These individuals apply their own money + borrow from the bank to pay for the property they have purchased. What I fail to understand is what happens to the huge difference between just the land licence cost and the fully realised final selling price of the property yet to be built? Why were the banks not paid off in totality and the borrowings from the banks brought down to zero by the developers? WTF did the banks not insist on it?

[@lance8080]

Don’t know about banking crash but rice field work is immanent 🇨🇳

[@MK_ULTRA420]

Even their rice field jobs are full, that's how bad the situation is. Whoever fixes China's ground soil pollution is likely eligible to become the next Emperor of China.

[@mah7961]

It’s either that or they become conscripts in the Pla. Options are bit limited.

[@meetjeric]

@@mah7961 that's how communism works, making all people poor then just be recruited by government for heavy labor work or work to death.

[@megatron6393]

Even 1,000 trillion yuan non performing loans will not collapse China. All needed are 2 things (1) PBOC print more money (2) PBOC approves banks not making loss provisions for these NPLs. See? All problems solved. Do not worry about collapse of yuan, it is not internationally traded and exchanged rate is fixed by PBOC.

[@bullpup1337]

thats why they need to export like crazy - or the house of cards will come crashing down

[@hemaccabe4292]

Someone would have to be nuts to deposit money in those banks.

[@SuperOdyss]

I think the Chinese economy is deflating. Yes maybe many things are increasing in price, but the real estate is collapsing, causing people to suddenly lose a great deal of their net worth, and of course the natural reaction is to stop borrowing and spending. A liquidity trap is when there is tons of money to lend but nobody wants to borrow because they fear the economy will only get worse.

[@stingray9225]

Most own doing by greed

[@EarthDragonSuperSaiyanGoku]

with a failure rate of 99%, I don't understand why millionaire entrepreneurs take the risk.

[@r.r.r.918]

I doubt the CCP would allow a full-blown financial crisis, rather they will likely opt to go the way of Japan and spend a couple decades deleveraging their financial system. Worst case they will do what they always do and fleece the common Chinese people of their savings.

[@melvinch]

You have no idea know how fucked-up China really is.

[@bbustin1747]

Should have been a Gold entrepreneur…. thinking the Chinese government will have your back ? think again !

[@MK_ULTRA420]

That's still not entirely safe either with fake gold and corrupt law enforcement.

[@bbustin1747]

@@MK_ULTRA420 That’s why they make metal analyzers for , And what govt doesn’t know won’t hurt them. The Chinese central bank is buying record amounts of gold. That should be a major “tell” for any Chinese citizen. Something is up.

[@justinwolf7490]

Gold isn’t going to help the Chinese people if they are starving and the food supply chain breaks down.

[@YourHineyness]

@@MK_ULTRA420 From what I understand you have to provide an awful lot of personal information when you buy gold. That means the CCP will know right where it is when they want to confiscate it.

[@emersonshiff8132]

Come on, Pooh! Give everyone jobs, money, housing, health care, pensions, half-off early bird specials! Final stage for the win!

[@bugoy3430]

Xi Jin Ping must be having sleepless nights.😂😂😂

[@MadDog-1961]

Drafting a Financial Stability Law? 🤣😂😅 What could possibly go wrong!

[@Jack-It-UP]

Great reporting thank you.

[@animusadvertere3371]

So if you have one business that goes bankrupt in China, you're forever in debt. China will have a very difficult time recovering from their down economy. Many of the entrepreneurs will not be able to open a new business, and very few people want to take the risk of ruining their lives by becoming an entrepreneur. There's a very good reason that bankruptcy laws in the West operate the way that they do. (the same be said for property rates but that's a different story.)

[@YourHineyness]

I used to read the biographies of very wealthy self-made men. Almost all of them had been bankrupt somewhere along the way, but they kept trying and eventually succeeded. The bankruptcy laws allowed that. In China, if you fail one time you are finished forever. As you say, that discourages progress because progress only happens when some people are willing to take the risk.

[@seabedsand]

That's right, that's what they said 30 years ago

[@kennethvenezia4400]

The last place I would put my money is in a Chinese bank right now. I'd rather lose a little money although I doubt you will because of coming deflation. Putting your money in a Chinese bank takes the chance of losing everything. The banking system is shakey since it is heavily tied to the ponzi market

[@leegalen8383]

Not now or ever

[@bchompoo]

Or chinese stocks.

[@ducknorris233]

Want to stimulate domestic consumption but then also ban some from buying train tickets and other penalties.

[@kateryan9988]

Good.

[@seandoherty4236]

No longer using /not able to afford hair dye is not "aging"

[@Velereonics]

Does every Chinese person on Chinese instagram use a live filter while they take selfie vids because it is so noticeable and annoying

[@billyjoesmo8251]

Kind of a cartoon version of themselves😅

[@Cryosxify]

i think it's on by default

[@user-kh1gj6vh9m]

Even if a people’s leader of fiscal consolidation emerged in China, CCP would not tolerate him. Like Liu Xiaobo.😢

[@tysmith2366]

I know there are words and pictures but how reliable is this information?

[@dirkaminimo4836]

Are these banks not writing off the losses from country garden and evergrande! Otherwise those profits are impossible.

[@RealJeep]

Commies should stay in their lane and leave capitalism to free people.

[@leegalen8383]

Couldn't agree more.

[@nikolaizaicev9297]

You do realize that they are probably are more capitalistic than USA? And that the current problems are caused by your so beloved capitalistm? Seems not.

[@Chris.Davies]

China is communist in name, and in corruption only.

[@scottsleo]

I thought ALL the China banks have already bankrupted? While the US banks are doing so fine with trillions and trillions of profit. Recently Yellen and Blinken went to China to try to help China to solve China's banking problems, not true?

[@silviesereneblossom]

The Chinese Century yall 😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@maapaa2010]

-1,000,000 social credit points.....

[@brunojm7282]

The collapse is going to be epic !

[@gregparrott]

11:03 I could discern between SIXTY SEVEN and over SEVENTY nearly identical high rise apartment buildings in this one image. (including those back in the top left) I count 46 stories. Each building has ~100 apartments, with probably 2 or more people on average per apartment. This is an UNREAL population density. I would go NUTS living in such a building complex. Also, WHERE are the cars??

[@user-pk9fm4zh1g]

Advice to Chinese people’s. DO NOT PUT YOU MONEY IN THE CHINESE BANKS. GIVE IT TO ME TO KEEP.

[@KierzolSLU]

And global recession didn't even started yet.😱

[@savagebeastking8703]

Regular people don’t care about the economy. I put my money in the bank because it’s the safest place, at least in the USA. I know it’s gonna be there if I need it. Even if the bank collapses my money is insured by the government. Real estate is to risky for me I’d rather have my wealth liquid. Unless you’re already wealthy why would you want to spend money? That stuffs to hard to get in my opinion. I don’t like working. Since I don’t like working yet I do it to get money that makes money more valuable then anything I can purchase with it That isn’t something I absolutely need. Like housing, food, clothes, my car and the gas that goes in it. Unless you have children to take care of there’s nothing else you need.

[@MK_ULTRA420]

"Unless you’re already wealthy why would you want to spend money?" Wealthy people care more about the circulation of their money than the money itself. Once you circulate enough money it stops being hard to get, and governments themselves start lending it to you.

[@I_SuperHiro_I]

Discredited persons? We have those here too. We call them democrats.

[@brianhollister1005]

When

[@matrixcowpaul2194]

the banking in China is not looking positive, many people cannot withdraw their money due to cash flow is very tight, why? the One belt road issue have tied up billions, the real estate price keep dropping, bad debts from business and personal... the FINANCIAL STORM IS COMING...

[@dockkid]

Correct. The question is: who will crack first? China's in a really bad way, but so is the U.S. Our backstop has always been the World Reserve Currency status, but with BRICS and other countries now more willing to do trades in non-US currency, the $35 Trillion dollar debt is coming home to roost.

[@maggotman2024]

Too many worthless investments!

[@miketaylor5088]

Banks do not lend deposits. Bad loans are charged against bank capital, not deposits. Reduced capital forces less lending.

[@YourHineyness]

I think it may be different in China. I suspect all of these worthless bonds that local governments are selling are being paid for with depositors' money. That's why it's nearly impossible to withdraw money from a Chinese bank: the money isn't there, it's been "invested".

[@well-blazeredman6187]

Think I'd be buying gold or silver rather than stuffing cash jnto a Chinese bank.

[@HughJass-jv2lt]

The Gold is FAKE too buddy

[@leegalen8383]

​@HughJass-jv2lt. You are so right

[@user-ry7sl1eu6l]

wait until there is no cars nor pedestrians be seen in major roads. That's total

[@howlinblues]

Greed My Friends every thing Comes To A End ????

[@percheroneclipse238]

The social credit thing is cruel. He didn’t want to fail. Now he can’t flay himself r use high speed trains.

[@stoundingresults]

If you make a fortune and lose it, you will safeguard your next fortune. I tell you all from personal experience.

[@danielctgoh6790]

What about "trade bills"( the IOU between 2 parties) which the Banks had endorsed/ guaranteed payment and now the Banks are unable to honour --- these bills are traded in the on the Shanghai Stock Exchange but are off the Balance Sheet of the Banks. Are these Bad debts of the Banks. ???? . The "investors" who bought them in open market have no recourse to sue the Banks ???. Given "these " are off Balance Sheet of the Banks, it is now not the responsibility of the Banks to pay ???

[@imdabluez4766]

At 15:26 if the video you can see cracks in the concrete ? I hope there isn't an earthquake. Do those happen in China? 1976 ?

[@gribbler1695]

cables and stains, not cracks

[@gregparrott]

4:32 WHAT? It said the 4 banks have an asset scale of 160 TRILLION Yuan!! The Yuan trades at ~7 Yuan to the dollar. That corresponds to $23 TRILLION dollars That claim says that just these 4 banks have assets equivalent to ~90% of the annual GDP of the United States. Tell me I'm wrong. But I think someone been smoking dope.

[@swirlingbrain]

Business owners can't even remake their businesses because of the social credit scores have killed their reputation and they can't even recover so all of these un person business owners will never have a business again and so the economy is going to have a real hard time coming back from that.

[@magvegas]

"Keeping money in the bank in shte safest option" Since when in the history of the world ? did the bank did good for the pp?

[@yvesbrodeur2402]

Ponzi scheme bank

[@sparky9327]

loan targets? you mean the business owners who couldn't get loans to pay salaries, for which they became blacklisted? 😄

[@TechiesUnofficial]

Why are these establishments all closing? Are their customers purely foreigners?

[@seabedsand]

This is Western propaganda, do you believe?

[@RoySankhar-md2zp]

Roy likes

[@ForcefighterX2]

Funny how also in this video the widespread incorrect assumption is used, that banks "lend money". A bank with exactly 0 money in their own possession, can lend out a million dollars. Why? Because a loan is "book money". The positive value (here: one million dollar) is created when the bank agrees to the loan. However, the negative value (here: minus one million dollars) is also created in the books of the bank, so that the sum is 0 again. The bank will then get the positive amount (here: one million dollar) back from the person or corporation it lent the money to - with addition of their fees (let's say 5%, i.e. 50,000 dollars), which is their actual profit and the entire reason for the credit business. However, when the money is not payed back by the debtor, the bank needs to close the positive position on the credit (the +1 mio dollars), but still has the remaining negative position (-1 mio dollars) in their books. Now pushing the bank into debt themselves. This is why banks need to make sure they get the credited money back - even though they can just "create" it out of thin air. It's frustrating how few people on this capitalistic world know about this. I found it the most interesting topic of my finance course during my bachelor student times.

[@Alakazzam09]

We seem to be in the middle of a great reset. We're the ones being reset though.

[@BamBamKiwi]

alot of good gash is ganna be on the market

[@YourHineyness]

A w0man can be poor but never broke. That gash always has some value.

[@mogeking56]

Ask China 🇨🇳 Ping for a loan 💸

[@nicholasmolnar8312]

A re up load or using the samw clips?

[@HikaruRain]

Wait a minute. Banks need you to deposit money into the bank so they can loan the money out. How would a bank loan money that is not in the bank??? And they need the money to sit in the bank so they have capital for investments to grow their money. There are other ways they make money too by using other collateral they get from people who default on loans that have collateral behind them.

[@nehpets216]

To start, the collateral is property that has lost value since it was used as collateral (especially the Evergrande developments that were borrowed against the Built property that hadn't actually been built yet...) and then we get to running banks. A Bank holds a certain amount of cash on hand for day to day transactions with a buffer in case of a run on the bank. The Safest way they Make Money to give out an interest rate for Savings accounts is to put the money in Bonds purchased from a government, CCP requires them to buy theirs instead of spreading it out to other countries too (Government interest rate pays those bonds that interest rate from the time it was bought until it is completed, say they bought a 2 year bond then when that one is done at the 2 year mark they want to buy a new one. A lower interest rate at that moment means they'll be stuck with that for 2 years. The money is out of their hands until the Bond is done so they'll pay off current debts from bad investments / loans from past purchases...). They make the most money from Loan interest rates overall (which has the risk of losing money if the person they loaned the money to defaults or goes bankrupt) or by fees in return on investment (with no direct risk to the banks, only in opportunity costs if people swap banks). How a bank loans money not in the bank is leverage. Let's say that Your savings account has 10K in it and they don't expect you to take it out any time soon. They'll hold in cash 3K and loan out the rest to someone else who borrowed up to 7K (making 700 a year on it). Your account still shows 10K and if you came to pull it out they'll give it to you moving the 7K that was leveraged to other accounts that still have money in it that they don't expect to move. If the Person that they loaned the 7K to goes bankrupt the Bank is out that 7K and has to take it from their profits to repay it. So if they do the above and have a 1 in 11 people they loan the money to go bankrupt they'll break even doing this (not including paying their employees, taxes, etc) which means that it is usually safe enough to do that they'll loan money to people that have a (ballpark guessed numbers from here out) 1 in 30 chance of failing or better. The Chinese banks just realized that the real estate people they were investing loans in were actually 1 in 20 or worse so they have changed the metric to decide who to loan to trying to have a failure rate of 1 in 50 or better until they have made up all of their losses.

[@user-si8ct1pk6q]

The man still doesn't understand why he failed. If you look at his facial figures according to the Chinese 相学, he doesn't have the look to be an owner of a business. The way he walks is like a willow twig swaying back and forth even under a mild wind. When he talks, his yang isn't strong enough to carry heavy loads of work/responsibility. If he doesn't fail, I will walk your dog to the NYC Central Park for two weeks free of charge. He is an actor.

[@AlbertoGonzalez-mp8fq]

Highly skeptical about what these folks say. Time after time in these videos they say they owned million or even billion RMB, and now they are broke! How come that their money can come and go so easily?

[@uyngor1536]

Banks on belt and road 🛣️🛣️🛣️ to others countries

[@amiko7204]

😂😂😂 China 🇨🇳

[@colinkay6599]

Poor banks my heart is sad for them....not

[@brettmoore3194]

Russia has 16% on 2 year cds🎉🎉🎉

[@bbbbbbbbbill]

I think this doesn’t sound good 😅

[@marcelandrey9579]

When all debtors cant pay the banks, they give car key, home key back to banks, and you giving your money to banks?.. Which is you give your money to banks to close the losses from that bad loans?..you dont need to give banks deposit.. You should keep it from home coz its more save.. Just use it for new tiny bussiness.. Start from low build economy.. america now..

[@marcelandrey9579]

Look america now.. Its just got destroyed by hiking interest rate while their economy based from debts.. All are defaulted.. Why giving money to help banks while you could built tiny bussiness?.. Its their (your banks) decision where accepting the defaulter to get loan where they even cant think to repay it back to banks

[@Tsang-st5gr]

still way better than the UK situation: Scenario A " oh no, our risk policy means we can't provide you a mortgage." Scenario B "Oh wow you have cash to buy the property? Too bad, our risk profile means we can't complete the sale of the property to you because you probably have laundered money, no way you could've saved up so much legally".

[@tanbw922]

Here we go again. Going by your list of things going against China, and you have been going on about it for quite some time, China should have collapsed by now. Maybe the things that go right in China are more than the wrongs, and that is why the horrors you predicted for China have not taken place. Thanks for bringing up the things that have gone wrong for China. The sum of the rights and wrongs provides a more realistic view of China.

[@genemarkguillermo2705]

Long live emperor xi

[@PersianDastaan]

😂...

[@ynot1935]

America isn't far behind.

[@RealJeep]

If the USA keeps electing communist Democrats then you're 100% correct.

[@thuptenlama9018]

Kha doh Khyo

[@cooldude-bronst]

Thank God 😂

[@tepuitorupop3213]

Where is the money then ?

[@HKim0072]

Probably close to $20 trillion in local government debt purchases. Another $12 trillion in central government debt. Than spread the rest out between households and companies. Only the central government number is reasonably accurate. Everything else is a guess.

[@mah7961]

Went into the pockets of the ccp. Caviar doesn’t pay for itself you know.

[@mah7961]

Straight into the pockets of their fearless leader and his friends.

[@user-bb6en7cy3w]

man，what can i say（about 70% of the words on vedio all lies），绷不住了

[@ChineseRatfaceCHANG]

Back to the rice fields

[@YourHineyness]

I believe that is Xi's plan, a return to the 1950s under Mao, version 2.0. A nation of uneducated rice farmers ruled by an iron hand.

[@mrdean-oz3ey]

Xin has all the money

[@jimmylam9846]

Do what the American FED does...crank up the machines ! China: The problem is money, money isn't a problem ! There were US banks failed after Friday market closed every week.

[@georgehuston9681]

Isn't Communism great!!

[@markhuang4921]

Put in place negative interest rates to force the people to spend 😅

[@tinysherpa7180]

Sort of like the West with inflation !

[@marcomalo02]

This stuff always looked staged.

[@stischer47]

How?

[@lance8080]

CCP coverup they never tell the truth 🇨🇳and that’s the truth

[@Aliphatic]

Just borrow the money and run

[@ric6074]

Daily self fantasy day dreaming deepfakes AI propaganda channel 😂.

[@digitalwitness77]

Believe on the Lord Jesus Christ and thou shalt be Saved. Acts 16:31kjv For by Grace are ye Saved through Faith; And that Not of Yourselves: It is the Gift of God; Not of Works, Lest any man should boast. Ephesians 2:8-9kjv For God so Loved the World, That he gave his only Begotten Son, That Whosoever Believeth in him Should Not Perish, But have Everlasting Life. John 3:16kjv But to him that Worketh Not, But Believeth on him that Justifieth the Ungodly, His Faith is Counted for Righteousness. Romans 4:5kjv

[@saved1580]

Fake news

[@amoswong5796]

I think the algorithm KZbin keep showing me negative China 😅. American really manipulative media even KZbin. American propaganda. I'm not even subcribe this channel but keep suggesting to me 😂

[@lance8080]

CCP propaganda 🇨🇳

[@shundi4264]

Due to US propaganda, many Americans have absurd views about life in China. Chinese people lead normal lives and enjoy everything wholesome that people do in the US or Europe.

[@stischer47]

Due to CCP propaganda, Little Pinks like you come online and spout nonsense.

[@mah7961]

Really? Do you guys have the ability to enjoy the freedom of speech. Can you openly express and criticize your government.

[@shundi4264]

@@mah7961 Freedom in the US means the American people has the right to cuss and swear at their leaders, and the leaders have the right to ignore the voices of the people & continue to do as they please.

[@lance8080]

No Bio labs spewing Covid on their citizens 🇨🇳 like in China

[@mah7961]

Exactly but the question here is can the people of china do that openly. Can they stand in a street corner with a sign saying swearing and cussing about their government without any fear of reprisals from the government.