Posted by FortuneBull777 > 2023-07-10 20:47 | Report Abuse

US China tension has been going on for years! But this year, things enter totally new development!
There's very little investment coming from US and EU! China factories are closing down due to no new orders from US and EU! They used to be China biggest client! Now, kaput!
However, for Vietnam, Indonesia, India and many other countries, it's been god send as more and more investment from US and EU shifting to them! Vietnam is now unofficially Tiger of Asia! Probably Indonesia will join that club too! Maybe India! But bet is Vietnam will enjoy the bounty!

Posted by FortuneBull777 > 2023-07-10 20:52 | Report Abuse

As China economy drags, China massive population will suffer! Already 20% of it's youth are unemployed! China is keeping it's statistics secret but i bet those above 35 unemployment rate already exceed 50%!
It's a curse to be above 35 in China! Basically, there's no job for those above 35 if they seek new employment!
So China is workforce suffer two diasaster! Youth with no job experience will end up doing very low end job! Those above 35 better off laying down!
Deflation is worse than recession! It's an economic situation that any nation worst nightmare! And China is having it!

Posted by FortuneBull777 > 2023-07-10 20:55 | Report Abuse

Property prices will drop! Prices of goods will drop! Price of everything will drop! Why bother buying it now if you can get it cheaper tomorrow, or next month or a year from now!
Central bank can't afford to raise interest rate! Banks are not making money! Worse still, banks are burden with bad debts!
Even today, China civil servants have not received their salary! Some have not receive salary for 9 months!