Xie Jinhe, chairman of Caixin Media. (file photo)
[Instant News/Comprehensive Report]In order to retaliate against the United States, the CCP has continued to escalate the cross-strait crisis. Xie Jinhe, chairman of Caixin Chuan, analyzed from an economic point of view and believed that “China now spends half of its expenditure on maintaining stability, and now it has begun to join the arms race with the United States. The crisis may escalate step by step, and the escalation of the cross-strait crisis may be a big trap for China!”
Xie Jinhe’s Facebook po article, “Looking at China with numbers: not very good!”, believes that “China’s rapid growth is a thing of the past, and Lin Yifu’s 8% per year is like a dream.”
Please read on…
Xie Jinhe analyzed that the Chinese government’s fiscal deficit has worsened, and its finances have become increasingly embarrassing. In the first half of this year, the fiscal deficit was as high as 5.05 trillion yuan, and it is estimated that 1.41 trillion yuan was used for nucleic acid testing; secondly, capital flight was serious, foreign exchange reserves were greatly reduced, and The countries along the Belt and Road are in debt, and hundreds of Chinese companies may be collectively delisted from the United States, resulting in a rapid decline in the market value of companies.
However, the supply chain has been transferred again, people and money have run away, asset bubbles have formed, and the current real estate bubble crisis has detonated, and then the entire system of housing companies and banks will have problems.
Xie Jinhe believes that China’s economy is beginning to face the bubble cleaning. If the rulers can focus on dealing with economic problems, they may be able to tide over the difficulties, but China now spends half of its expenditure on maintaining stability, and now it has joined the arms race with the United States, and the crisis may escalate step by step. High, escalating the cross-strait crisis may be a big trap for China!
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