Summary of China’s Incoming Collapse Is Worse Than You Think

00:00:00 - 00:10:00

The video discusses China's upcoming economic collapse, which is worse than most people think. The video points to the fact that most of the money in China's real estate market comes from pre-sold homes, which makes the market increasingly unstable. The video also mentions the fact that many of China's stalled projects may never be built, and that home sales have been declining for a record 12 months. This all suggests that the Chinese economy is in for a tough year.

• 00:00:00 The video discusses China's incoming economic collapse, which is worse than expected. The video points to the fact that most money in China's real estate market comes from pre-sold homes, which makes the market increasingly unstable. The video also mentions the fact that many of China's stalled projects may never be built, and that home sales have been declining for a record 12 months. This all suggests that the Chinese economy is in for a tough year.
• 00:05:00 China's incoming collapse is worse than you think, with 65 million empty homes and 1 300 projects in 280 cities stalled, the country is facing an economic crisis. Despite efforts to save Evergrande, the company that is bringing down China, it has defaulted on its 300 billion dollar debt. The company's headquarters in Hong Kong is in receivership, and investors and homeowners have protested in the streets. Consumer confidence is at its lowest in the property market, and the biggest developers are looking at a slump.
• 00:10:00 In the video, Goldman Sachs analyst Tao Zhang uses figures to estimate that, as a result of China's incoming economic collapse, countries around the world will experience decreases in GDP. Zhang also points out that, as China's economy contracts, so too will other economies in the world. This, in turn, could lead to a global recession.