jamesaurichs

- internal purging of military senior officials. 5 out of the 7 senior officials are now missing in action. https://www.newsweek.com/china-defence-minister-li-shangfu-m.... Very similar to Mao Zedong's purging of his generals https://www.hoover.org/research/lin-biao-incident-and-people.... China has had to transfer generals from airforce and army to head up missile force, because so many generals in the missile forces were purged.

- Xi Jing Ping was privately scalded by party elders during the recent party summit Beidaihe. There's an internal unrest and struggle occurring

- china's export drop 4th straight month https://www.nytimes.com/2023/09/06/business/china-exports-au...

- the great flooding of northeast farmland this summer wiped out 1/3 of China's grain production. in order to mitigate the flooding of Beijing, they instead flooded provinces next to Beijing, which incidentally housed many military forces. Those forces were destroyed without warning.

- another big real estate developer, sunac, filed for bankruptcy https://www.cnn.com/2023/09/19/economy/china-sunac-ny-bankru....

- the Hangzhou asian games was a massive failure, attended by no major heads from developed countries. Cost $30 billion, while its local governments are so desperate for money, they are raiding temples

- marriages in China in 2022 are down 10% from 2021, lowest record since 1986. https://www.cnn.com/2023/06/12/china/china-marriages-record-...

- Huawei homegrown chips was a nothing burger. iPhones were sold out in seconds online. Full Apple Store crowds. Very empty Huawei stores. People didn't like the overheated mate 60, or the broken software.

In short, political, economic, demographic, and tech collapse in China.

"Yeah, for example China's position of overwhelming strength vs. weak little USoA meant that China's wages have risen by an order of magnitude and their technology catapulted into the present century, building them in to the world's largest economy."

Just a subtle subterfuge against dollar if I had to guess

This line is so wrong. You can't have 22% (at least) youth unemployment rate, and 19th straight month collapsing land sales revenue https://www.reuters.com/article/china-economy-landsales/chin... (which is how local government get most of its money), and your biggest and second biggest real estate developer going bankrupt, and still support a 5% GDP growth as mentioned by the Chinese government. just doesn't happen in a real world.

And there are so many reports of factories closing down, especially in the Shenzhen and Dongguan districts, either online videos or news reports https://thediplomat.com/2023/04/dongguans-industrial-woes-ch..., that I don't know why you're attempting to lie outright.

2.) Yes, just google "empty kindegardens in China". Also, marriages dropped to the lowest since records began in 1986. https://www.theguardian.com/world/2023/jun/14/marriages-in-c...

3.) Nope. China’s government land sales revenue declined for the 19th consecutive month in July. Land sales fell 10.1% from a year earlier in July, after declining 24.3% the previous month https://www.reuters.com/article/china-economy-landsales/chin...

The Chinese local governments' bonds alone total at about $2 trillion, and any defaults would rock the Asian nation's $60 trillion financial system, according to Bloomberg. https://www.businessinsider.in/stock-market/news/chinas-10-t...

1.) as of 2021, There are nearly 800 unfinished Evergrande projects in more than 200 cities across China. https://www.nytimes.com/2021/09/28/business/china-evergrande.... Even if the buildings were unfinished, the buyer still had to keep paying the mortgage!! and if they didn't, and the courts foreclosed the property and sold it, the buyer is liable for the fees and the differences. Most of the time the buyer is hugely underwater since the real estate price in 2023 has crashed 50% - 70% from peak. And now, because your social credit is shot, you no longer can purchase tickets for flight or train, making it even harder to try to find jobs to pay back your debt.

2.) China is known for its tofu dreg buildings. Just google online if you want to see brand new condos with facades blown off, cracked foundation, sand mixture where cement should be, tilted buildings, etc. This is especially true with buildings built in the last few years. And this is especially true for buildings from bankrupt mega developers like evergrande and country garden.

3.) This is a domino that leads to a series of systemic collapse. Country garden, the second largest developer in China, missed bond payments as small as 22 million recently. It had a capitalization of 60B in 2018. Now it has a debt of 200B. Zhongzhi enterprise missed payments recently, being one of the largest trust company. People are reminded of Lehman from these events. https://www.businessinsider.com/china-economy-beijing-lehman.... Doesn't help that export and import just collapsed by double digits in July, exports to US dropped 23% y/y, there's huge youth unemployment of at least 22%, foreign investment dropped 90% in 2023, and the worst flood in the last 50 years just hit China's biggest grain region.

Oh yeah, and because Chinese citizens are outraged by Fukushima release, they are boycotting Japanese seafood, and in general all seafood, which has decimated the entire seafood industry in China overnight, with no traffic to seafood market or restaurants.

4.) Even if the buildings were done, a lot of the buildings are empty and not livable due to shoddy finish, foreclosures, no public amenities working, lack of residents (owners are selling the units at 50% price cuts), etc. Imagine living in a huge 50 story building with only a few residents at night. https://www.architecturaldigest.com/story/see-inside-a-ghost...