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30 provinces have large fiscal deficits, and even Guangdong province is also facing problems. 

China Insights
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In the first half of 2024, 30 provinces in China face a staggering fiscal deficit, reaching $800 billion. This video breaks down the alarming financial situation, with key provinces like Guangdong and Sichuan reporting record deficits. As the Chinese economy grapples with slowing tax revenue, declining corporate profits, and rising unemployment, the government’s financial pressure mounts. Even economically strong regions like Shanghai are barely growing, while others struggle with debt and reduced income. We dive into the root causes of this crisis, including the real estate slump, declining consumer confidence, and the impact on businesses. 30 provinces have large fiscal deficits, and Guangdong, a major economic province, is also facing problems.
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23 сен 2024

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Комментарии : 73   
@chinesesparrows
@chinesesparrows 11 часов назад
Their leaders dont ride pure EVs 😆 says alot 🤣
@kalin6149
@kalin6149 11 часов назад
If thats the official numbers just how bad are the real numbers?
@GamerShowdown-h8j
@GamerShowdown-h8j 11 часов назад
Fake propaganda from this paid channel.
@ketanamin6677
@ketanamin6677 11 часов назад
@@GamerShowdown-h8j Why don’t you give Correct Numbers ?
@BruderSenf
@BruderSenf 11 часов назад
@@GamerShowdown-h8j yes, coz we all know what a great growth the prc has, no mass bankruptcies, no rise in interest rates, no struggeling banks, the economy is great, with youth unemployment bearly existing and everything thanks to the great leader xi
@akmalhafiz8763
@akmalhafiz8763 10 часов назад
​@@GamerShowdown-h8j ok CCP bots. You're a smart one.
@akmalhafiz8763
@akmalhafiz8763 10 часов назад
I'd say multiply that number by 2 or 4.
@cursedboyir
@cursedboyir 11 часов назад
When you realize planned economy is just so bad.
@chinesesparrows
@chinesesparrows 10 часов назад
CCP is planned to fail, thats why even Xi has his children study and live away from CN just like thousands of other CCP officials
@chinesesparrows
@chinesesparrows 10 часов назад
Yup no wonder Xi and many other CC party members send their families to studu and grow away from CN
@chinesesparrows
@chinesesparrows 8 часов назад
When the planned economy leaders sent their children to study and buy houses and live in other countries you know whats up
@jjian5
@jjian5 5 часов назад
Yea Ikr. Even tho it has fast growth before, but if you go to there you'll see it's all fake numbers. People are poorer than India. The street is so dirty the buildings are old, drugs everywhere on walking zombies on the street and the bridges are rusty that gets demolished once a ship hit it. It's the end for the beautiful country. Haha
@eimantasbutkus5324
@eimantasbutkus5324 2 часа назад
It's not even that, the chinese overexpanded, overindustrialized more than their race can inherently handle, they also have way too many people and need to shrink down to at least 20% of what they have right now.
@rogerm4310
@rogerm4310 5 часов назад
Fuel costs, food costs, unemployment, stress levels, criminality, GOING UP.............. Standard of living, food quality, air quality, stock market, credibility, GOING DOWN.......... Oh dear, too bad, never mind.
@rogerm4310
@rogerm4310 5 часов назад
Pooh has set China back 40 to 50 years at least. How much can a Panda Bear.............
@ProudTurkroach
@ProudTurkroach 6 часов назад
Debt fueled expansion rarely goes well
@jjian5
@jjian5 5 часов назад
Yes ikr. Unlike America which is fuel with democracy and a superior race. There is like No debt in America.
@jerrythompson7744
@jerrythompson7744 11 часов назад
can't say nothing in China , your pager might go off
@josephlee8765
@josephlee8765 9 часов назад
The chinese ccp Regime is selling its government assets to make up its deficits for the salaries of 80 million government emplyees, chinese people says, "😂who would buy those assets knowing some day the regime could take them anytime they want ."😂
@Satanreincarnation-zg6sl
@Satanreincarnation-zg6sl 7 часов назад
🤔! Dang! My friend, you said it. Only the dumb and stupid would invest into a Dictatorship establishment.
@jerrythompson7744
@jerrythompson7744 11 часов назад
sewer water to cook with
@GamerShowdown-h8j
@GamerShowdown-h8j 11 часов назад
@@jerrythompson7744 your mom was H***kr..that was also fake propaganda. They have actor from Falun Gong and from Taiwan.
@danmatt5065
@danmatt5065 9 часов назад
Cheena going down !
@midimusicforever
@midimusicforever 2 часа назад
The house of cards is coming down!
@arthurh5707
@arthurh5707 Час назад
They’re still talking about billions, not trillions.
@0Zebadee0
@0Zebadee0 9 часов назад
The CCP's version of Boss Hog from the Dukes of Hazard is sitting at his desk weeping now ...
@philipwong5858
@philipwong5858 6 часов назад
Wow communist red China..... stock is down, unemployment is up, government have no money, real estate had collapse, people do not have saving, banks are out of money, Winnie the POO you are doing a great job. KEEP IT UP. SO PROUD OF YOU. LOL
@PhilipWong55
@PhilipWong55 4 часа назад
The US local governments are facing similar issues. The U.S. tax system is divided into federal and local taxes. U.S. laws do not allow the federal government to fund local governments unless it is an emergency. The federal government is financing its large budget deficit by printing money, which local governments cannot do. In 2024, 50 of the 75 core cities in the United States are running a budget deficit and heading toward bankruptcy. They have to raise taxes or they won't be able to pay their firefighters, schools, and police. Rich Americans living in these cities (Musk moving from CA to TX) are moving to cities that are not facing bankruptcy. The inflation rate may have been lowered, but prices remain inflated. The U.S. dollar has devalued over 98% from its original value of $35 per ounce. The Chinese government is denying its citizens from enjoying these benefits enjoyed by US citizens: economic inequality, persistent inflation, stagnant real wages over the past five decades, exorbitant healthcare costs, an education system burdened with soaring tuition fees, and $1.7 trillion in student loan debt, with the average borrower, owing $38,000. Additionally, the country faces inadequate public transportation, racial inequality, mass incarceration, militarized policing, crumbling infrastructure, unaffordable housing, homelessness, the opioid epidemic, and rampant gun violence. The world's richest country with the most powerful military will ensure that its citizens will continue to enjoy these benefits no matter which leader is chosen.
@davidofglenbrook4487
@davidofglenbrook4487 9 часов назад
They should ask the rich to pay their fair share and crack down on price gouging at grocery stores. It works for the Democrats.
@philipwong5858
@philipwong5858 6 часов назад
Little pinks why are so many Chinese fleeing communist red China?
@reyhardzuarez5939
@reyhardzuarez5939 5 часов назад
Xi jingpinn Saipon all chinese money
@eimantasbutkus5324
@eimantasbutkus5324 2 часа назад
chyna nambah wahn!!
@aplacecalltambun
@aplacecalltambun 5 часов назад
Lehman crisis unraveling
@rempseaheinamies9414
@rempseaheinamies9414 2 часа назад
This is a lot worse than that.
@Nookdashiddole
@Nookdashiddole 10 часов назад
Nookdashiddole
@jasper5902
@jasper5902 6 часов назад
30 provinces? But there are only like 24 provinces?
@chrisblack6258
@chrisblack6258 4 часа назад
There are other province-level divisions of China apart from provinces
@shundi4264
@shundi4264 10 часов назад
Recycled propaganda 24/7
@Akiss
@Akiss 10 часов назад
Lol it's propaganda when they're citing OFFICIAL DATA? So you're accusing the Chinese government of lying? Wouldn't you lose social credits as a wumao?
@flyingplantwhale545
@flyingplantwhale545 10 часов назад
Cope harder, bot
@MJFallout
@MJFallout 9 часов назад
No one forces you to be here.... and yet you are. Why is that?
@chinesesparrows
@chinesesparrows 8 часов назад
​@MJFallout its his job, else he starves like great leap forward 😆
@shundi4264
@shundi4264 7 часов назад
@@flyingplantwhale545 Say that to yourself. When you blindly accuse people with opposing views as bots, you are the real bot.
@Chris.Davies
@Chris.Davies 5 часов назад
4:25- I love the throw-away line, "Luxury goods are no longer a necessity." The irony is delicious.
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