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Gordan Chang – “China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen”

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China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen

Gordan Chang says –

China is broke. China’s rulers are desperate. Bad things are going to happen in that country.

If anyone would know, Gordan Chang would know.

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This is the report Gordan is referring to –

Beijing is launching a wave of aggressive revenue-raising measures to fill its empty state coffers. Instead of addressing structural economic flaws, the regime’s solution is a ruthless tax dragnet targeting wealth everywhere it can find it.

On top of auditing ultra-rich offshore trusts, Chinese mainland authorities have now begun enforcing a 20% personal income tax on Hong Kong insurance policies—triggering immediate panics and sharp sell-offs across Asian financial markets.

Domestically, desperate local bureaus in cities like Shenzhen are using big-data tracking to force citizens to repay COVID-era unemployment benefits and pandemic allowances, while hitting businesses with corporate back-taxes dating back decades.

From raiding private insurance policies to squeezing ordinary workers, Beijing is treating private assets as its own open piggy bank.

When an authoritarian state squeezes both global investors and its own struggling populace just to stay solvent, economic stability becomes purely an illusion.

We reported on Wednesday that China’s economy was cracking.

China’s economy was praised as the model for the Western world. Then, a few years back, it began to turn sour.  President Trump’s first administration did a number on China, which is why they wanted him gone.  This alone may be why China was involved in the COVID outbreak in 2019-20 (as reported in the book, The Steal – Volume I: Setting the Stage).

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In 2023, the world began to see China’s economy falter.  We reported on a piece at the Business Insider.

It’s been clear for years that the Chinese real-estate market has been in trouble. China has a population of 1.4 billion, but it has built housing for a population of 3 billion, according to expert estimates. Many of the mega-developments became empty monuments to Beijing’s insatiable desire for growth. In Shenyang, farmers have taken over a development of empty mansions for cattle grazing.

At that time, real estate giant Evergrand began reporting problems, and it finally dissolved a few years ago.

China’s Evergrande Files for Bankruptcy – World Economy in Dangerous Shape

Now the value of real estate in China is collapsing to its lowest prices in at least the last 20 years.

In response, the government instituted a law saying that it will not allow some people to leave the country, maybe.

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🚨 China Just Made “Maybe” a Crime. Now Everyone Is a Flight Risk.

Beijing has quietly redrawn the line between citizen and suspect, and it did it with a single word.

Under China’s new Regulations on Exit and Entry Administration, effective September 15 but already being trialed at some ports, one term appears again and again: “may.” Not “did.” Not “will.” May. If an official decides you “may endanger national security, interests, industrial security, or technical security,” you can be barred from leaving the country. Nowhere does the text define what “may endanger” actually means.

That vagueness is the point. The power to stop you at the border has been pushed all the way down the chain, provincial governments, the Commerce Ministry, even county-level offices can now decide who flies and who stays. As geopolitics scholar Chen Wen-chia puts it: you’re no longer flagged for what you did, but for what someone imagines you might do.

This is the machinery of a paranoid state, jumping at its own shadow. China has flipped its legal logic from punishing crimes after the fact to preventing exit before anything happens. State firms are reportedly already tightening travel approvals for staff. Those labeled a “threat” abroad can be blocked from leaving for six months to three years after they return.

Why now? Because the regime is scared. With the economy sagging and public anger simmering, Beijing fears its own people voting with their feet, and fears even more what they say when they come back. Engineers in semiconductors, AI, and finance should read the fine print: you may be next on the watchlist.

The message to 1.4 billion people is chillingly simple: the door is closing, and no one will tell you why. (Aric’s note: Regarding China’s current population, some analyses and experts believe it is far smaller than the official figures claim, though the actual data remains unclear.)

If you’re planning to leave China, understand the rules before they understand you.

ACI — Aric Chen | Insights

Editor’s note: The video is a related news segment from the World News I anchor.

Now China is going after people’s and insurance companies’ money.

 

284 thoughts on “Gordan Chang – “China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen””

    • I DO NOT THINK THAT IS VERY ACCURATE. THERE CAN BE SOME SIMILAR'S, BUT THEY ARE VERY DIFFERENT, NOT REALLY COMPARABLE.

  4. SOMETHING TO KEEP AN EYE ON………

    In the last two months, the Private Credit Fund CEO's of

    * BlackRock
    * Blackstone
    * Goldman Sachs

    have all quit.

    What do they know????

    • They know that the private equity bubble is bursting. Probably not much beyond that, id gather.

        • THE BUBBLE OF ALL THE CRIME GANGS IS BREAKING!!! AND MUCH HAS TO DO WITH TRUMPS FOREIGN SURGICAL CUTS THAT HAVE BEEN SUPPORTING THEM FLEECING OUR COUNTRY!!! THEIR WORLD IS DISINTEGRATING!!! AND MORE AND MORE ARE GOING OVER BOARD TO ESCAPE THE SHIP GOING DOWN!!! BUT THEY WILL PLAY ON!!! HARD TO KNOW WHERE OR HOW!!! KEEP YOUR EYES ON YOUR FRIES!!!

        • WELL IT HAS BEEN A FEW MONTHS SINCE A MASSIVE FRAUD WAS UNCOVERED AND TRILLIONS LOST. MAY AS WELL DO IT IN AN ELECTION SELECTION TO MINIMIZE COVERAGE WHILE BLAMING TRUMP FOR THE BIDEN ERA CRIME. I MEAN ITS A RERUN….. BUT THE CLASSICS….RIGHT.

        • Its one in the same. Its on the verge. Its a matter of when not if at this point. We have 100/barrle oil now. A recession has followed every time in history. Its a wealth transfer and consolidation. Nothing new under the sun…

    • They know when it's time to go to their underground bunkers and wait out the storm that's about to break.

    • A private credit fund is an investment vehicle that provides loans to private companies, typically without involving traditional banks.

      Just a thought, but maybe they quit because they know that when the CBDCs and tokenization of all assets are rolled out, private credit funds will go the way of the dinosaur?

      • PRIVATELY-OWNED CB digital currency is coming. It's NOT THE SAME AS GOOBERMINT-CONTROLLED. With the PRIVATELY HELD digital….what you have is what YOU have and it's your responsibility to keep it or…..lose it with st up id spending habits. It's just another PLATFORM to operate outside using cash. CASH WILL ALWAYS BE WITH US. IT'S FREEDOM and Trump said NO CBDC.

        • Sorry to burst your bubble but in the not-too-distant future, the entire world will be on the CBDC system where citizens will be under the surveillance and control of globalist entities.

          If Dems cheat their way to "victories" in '26 and '28 (thanks to John Thune not passing the SAVE Act), they will certainly create legislation overriding the Anti-CBDC Surveillance State Act Trump signed. Or a Dem president will issue an EO mandating U.S. CBDCs that none of the district court judges will file a case against because most of the judiciary is leftist too.

          Key findings from Atlantic Council Central Bank Digital Currency Tracker:

          146 countries & currency unions, representing over 98% of global GDP, are exploring a CBDC. In May 2022 that number was only 87. There is a new high of 77 countries in the advanced phase of exploration, which includes development, pilot, or launch.

        • Sorry to burst your bubble but in the not-too-distant future, the entire world will be on the CBDC system where citizens will be under the surveillance and control of globalist entities.

          If Dems cheat their way to "victories" in '26 and '28 (thanks to John Thune not passing the SAVE Act), they will certainly create legislation overriding the Anti-CBDC Surveillance State Act Trump signed. Or a Dem president will issue an EO mandating U.S. CBDCs that none of the district court judges will file a case against because most of the judiciary is leftist too.

          Key findings from Atlantic Council Central Bank Digital Currency Tracker:

          146 countries & currency unions, representing over 98% of global GDP, are exploring a CBDC. In May 2022 that number was only 87. There is a new high of 77 countries in the advanced phase of exploration, which includes development, pilot, or launch.

          • Sorry to burst your bubble BUT TRUMP HAS ALREADY PROTECTED THE USA from the 'CENTRAL BANK' digital currency. The FEDERAL RESERVE BANK IS on its way to BEING TOTALLY ELIMINATED and has, in fact, already been merged into the treasury…..according to the constitution. TARIFFS have begun their work. The FRB exists in name only. The central bank IN THE USA IS COMPLETELY UNCONSTITUTIONAL. That is how it can be eliminated.

            What the rest of the world does with their central banks is not going to affect the US. Chances are, they will see the success of the new US FINANCIAL SYSTEM and change theirs to be like ours. ONLY COMMUNIST SYSTEMS (which are being eliminated) will have a 'central bank digital currency.

            What you are saying is in for the far, far, distant future. A lot of things are about to be eliminated and new tech will be coming on line TO BENEFIT US ALL….FOR A WHILE. The doom and gloom will be in the closet…..for a while.

            Our current corrupt, manipulated financial system…. and the people who currently run it ….will be TOTALLY TAKEN DOWN (CRASHED) soon and the corruption will be driven out of the financial sector. A brand new QUANTUM FINANCIAL SYSTEM is coming up after the crash. NO CENTRAL BANK DIGITAL CURRENCY ALLOWED IN THE USA.

    • THEY ARE AFRAID AND GOING UNDER ON THE LAMB!!! ALL OF THEM TIED TO THE CLINTON'S AND BUMMA/BRANDON MAFIA CLANS!!!

    • "The private credit sector has raised significant stability concerns due to its rapid expansion to an estimated $2–3 trillion, coupled with opaque valuation practices, high leverage, and increasing default rates that have hit record levels.

      Regulatory Warnings: The Financial Stability Board (FSB) and other watchdogs warn that the sector's complexity and interconnectedness with banks, insurers, and asset managers could amplify financial stress in adverse scenarios.
      Rising Defaults: Default rates climbed to a record 6% in mid-2026, driven by higher interest rates, weak underwriting standards, and borrower stress, particularly in the software and auto sectors.
      Liquidity Risks: High-profile defaults and fears of an AI-driven disruption in software companies have triggered massive redemption requests from semi-liquid funds, forcing some vehicles to cap withdrawals.
      Systemic Exposure: Major banks like JPMorgan Chase, Deutsche Bank, and Barclays hold tens of billions in direct or indirect exposures, raising fears of contagion if losses accelerate and spread to traditional financial institutions."

    • Probably. Its usually how they hide economic collapse. Going to be a problem when both US and China housing markets crash though. We're sitting on 9 to 11 months inventory state side as well. Our curve ain't so pretty either. Probably why the China mongering article. This rag deals in half truths at best…

  7. Commie freaks running for public office in the US need to articulate the problem with CCP theft counterfeited as "economics" & explain how that BS will work in the US or has worked anywhere else.

  8. Chinese people have the absolute minimum in banks, they don't trust them. Money is typically hidden, often in organizations or in jewels.

    • THAT IS PART OF WHAT IS HAPPENING WITH THE GULF!!! IT DOES NOT AFFECT US AS MUCH AS ALL OUR ENEMIES!!! AND THEIR FOOD CHAINS AGAINST US!!!

      • 8% OF THE OIL THERE AFFECTS US AND BIG OIL IS SAYING THE WORLD RESERVES ARE DOWN SO WE HAVE TO PAY HIGHER PRICES. WHY CANT THE WORLD PAY HIGHER PRICES AND SUFFER SHORTAGES INSTEAD OF AMERICA? ALL SUPPLIERS AND GOVERNMENTS ARE SLIME COATED BIDENS IN THE TOILET.

    • WE NEED TO GET OFF OF THEIR CHEAP CRAP THAT HAS INFECTED AMERICA. CORPORATIONS SOLD AMERICA TO THEM ONE PRODUCT AT A TIME. CORPORATE HEADS SHOULD BE ARRESTED AND AMERICA ONLY LAWS IN EFFECT FOR THE NEXT 50 YEARS UNTIL WE ARE STABLE AGAIN. WE CAN REVISIT WHO PROCESSES OUR WASTE AFTER THEY HAVE SUFFERED ENOUGH TO GLEEFULLY BEG FOR THE OPPORTUNITY. DAY ONE TRUMP WAS SUPPOSED TO BOOT THE NIPS…..YET HERE WE ARE.

  13. I like Gordon Chang’s insight in the past. This means less likely chance Tawain will be invaded. Less military! I worry about birthright babies coming back to the USA. I read an estimated one million babies can come back plus their families.

  14. Some will say- are you surprised? this is part Qf the plan all alQng.
    Why do you think Trump announced the 2020 election crimes.

    The show is playing out. Enjoy.

  16. We should have decoupled from china during Trump's 1st term, they wouldn't exist anymore if we had. Our money [through trade deficit] is about the only thing that keeps them afloat. We have funded their military for decades and built their entire economy by buying their cheap, slave labor made, garbage products. Taking away their cheap oil via iran is a good start but decoupling is necessary and I don't care what it would mean for walmart or the other purveyors of cheap, chinese junk.

    FJB FKH FFBI FDOJ!!!

      • IM SURE A BILLION STARVING CHINA FOLK WOULD BE A BIT UPSET ABOUT THAT.
        BETTER THEM THAN US!!!
        BUT BETTER THEY STOP THOSE BEHIND THE LIES TO THEM!!! AND BE FREE TO TRULY BECOME MORE LIKE US!!! THE CHINESE PEOPLE ARE EXAMPLES OF WHAT OUR OWN FAKE MEDIA HAS BEEN DOING TO US!!!

    • EACH AND EVERY POLITICIAN NEEDS TO BE ON THE FIRST BOAT IN STEERAGE ONCE WE SHORE UP AMERICA WE CAN CONQUERE EUROPE. WE TRIED TO BE AN ALLY AND THAT FAILED SO TIME TO TAKE WHAT IS OURS….AFTER THE CLEANSING.

  19. Keep your head down, work like a dog and then give us your money. This is what Communist/Socialists strive for with the American people.

        • The U.S.-China Relations Legacy of President George H. W. Bush

          President George H. W. Bush had a special connection with China, one that is unique among U.S. presidents. As the director of the U.S. liaison office to the People’s Republic of China from 1974 to 1975, President Bush was the United States’ second envoy to the country. During the 15 months he lived and worked in Beijing, he engaged the Chinese people in a very deep and human way. He came to know not only the country’s top leaders, but also a wide cross-section of average citizens. This experience of living in China and interacting daily with its people as “the bicycling ambassador,” as he was known, shaped his views on China for the rest of his life.

          • He never biked anywhere not approved for him to go to and the people he met were screened beforehand. Besides, how many knew english?

          • Yes, but Daddy Bush foolishly brought China to the threshhold of World Trade Organization membership, which Clinton foolishly granted, I am sure it was a quid pro quo for something which was probably not above board. NO, it is not possible to have this kind of a trade relationship with an authoritarian communist dictatorship like China without losing strategically in the end. That is not to even mention the thousands of American factories shipped wholesale to China and the loss of millions of Americans jobs so that NYC financiers could become even richer. Disgusting treachery.

      • Agree. I strongly suspect a lot of corrupt Americans are making big bank on connections with China – everything from industrial espionage to real estate. China is known to have bought up huge tracts of American land, some close to military bases.

        • Well, from their national level, down to their local level, their government apparatus has been printing money by the floating commie gondola full for decades.

          The thing is, before Trump, they were able to pin it on every other nation, flood our markets with their surpluses of…everything. And then demand our IP so they could not waste time researching their own advnaces.

          Now, now they have to put up or shut up.

          And they will NEVER shut up. But they just can't put up.
          They will scapegoat ANYONE to save themselves.

          But Pooh Bear Jinping? He's likely already got a chopping block with his pompous head's name on it.

        • Seeing that the ChiComs are no longer getting the friends- and- family discount on Eye-Ranian oil, where will they go now?

      • If the Chinese are that bad off monetarily, it appears that grabbing Taiwan for the mainland may be happening soon! An article I read a month ago stated some Taiwanese companies were building plants in the USA because of the Chinese threats.

      • Don't forget L i p st i ck on a Pig "White Rage" milley who called his CCP china counterpart on every military move Pres Trump was thinking about making.

        General Mark Milley, then Chairman of the Joint Chiefs of Staff, called his Chinese counterpart General Li Zuocheng twice in the final months of the Trump administration to reassure him that the United States was not planning an attack and to prevent miscalculations amid fears of instability.

        'General Li, you and I have known each other for now five years. If we're going to attack, I'm going to call you ahead of time. It's not going to be a surprise,' Milley reportedly told him.

        That revelation infuriated Florida Sen. Marco Rubio, a member of the Senate Foreign Relations Committee.

        He wrote President Trump demanding he dismiss Milley 'immediately.'

        'I write with grave concern regarding recent reporting that General Mark Milley, Chairman of the Joint Chiefs of Staff, worked to actively undermine the sitting Commander in Chief of the United States Armed Forces and contemplated a treasonous leak of classified information to the Chinese Communist Party in advance of a potential armed conflict with the People's Republic of China (PRC),' Rubio wrote.

        'These actions by General Milley demonstrate a clear lack of sound judgement, and I urge you to dismiss him immediately.'

        Rubio added: 'General Milley has attempted to rationalize his reckless behavior by arguing that what he perceived as the military's judgement as more stable than its civilian commander. It is a dangerous precedent that could be asserted at any point in the future by General Milley or others. It threatens to tear apart our nation's longstanding principle of civilian control of the military.'

    • That's not true. It's not working because the Chinese are running it. Once the DSA leaders get control Communism will finally work. SARC!

      • Yeah, that's what a lot of lefty dopes tell themselves: "They just didn't do socialism right the last 50 times that they tried, but we, WE are going to do it the right way and it's going to be nirvana."

  28. China's real estate development was always a pyramid scheme to separate elderly workers from the savings of a lifetime of toil.

  30. Interesting that graph has to be read in reverse, otherwise if you don’t read the fine print, it looks like China real estate is doing great.

  32. ECHO'S OF WHAT THE DEMOS AND LEFTISTS HAVE BEEN DOING TO US INSIDE THE U.S.!!!

    THIS IS WHAT TRUMP/MAGA IS FIGHTING AGAINST!!! THIS SAME SORT OF PASS THE BUCK OF RESPONSIBILITY AND SOAK THE POPULACE FOR THEIR SICK LAVISH LIFESTYLES!!!
    THEY TRY TO SAY IT IS YOU AND I, BUT IT IS THEM!!!

  37. Chicoms still producing record numbers of EVs, exports still ramped up and their military is operating full strength. When does a country default and collapse economically after all the postering and pro-ping up with fake cities and uninhabited ghost towns?

  38. Time to make them a mandatory offer on all land owned in the US. They shouldn't own a half acre here let alone millions.

    • THE NIPS DONT OWN THE LAND THEY BUY HERE SO THE OFFER IS YOU CAN LEAVE VERTICALLY OR HORIZONTAL BUT THE LAND DEED NOW BELONGS TO US. LEAVE EVERYTHING AND YOU CAN HAVE THE CLOTHES ON YOUR BACK OR WHEN YOU ARE VERTICAL WE WILL REMOVE ANYTHING WITHOUT HUMAN(ISH) REMAINS OR BODILY FLUID & WASHABLE .

    • I am against any foreigners owning US land. I sure wouldn't offer them any money – simply seize the land. What are they going to do, come get it? Tell them they can consider it as rent paid.

      • considering how many people are here, on their payroll, and how much of their sh66t is in our everyday stuff, they could probably cripple the us 20 times over if the flip the switch. better be careful on that one, and its entirely the us' fault too.

    • And it isn't just land. You would be appalled if you knew how many big American companies are actually owned by the Chinese.

    • TThey should Be allowed to own as much land here as Americans can own land in china.

      Btw, that number is zero

  40. Bidung handed off most of our strategic oil reserve to the ChiComs…likely for nothing more than a few kickbacks to himself and Humper.

  41. Another good reason to close US borders to birthright tourism.

    And revoke citizenship of babies and their families that sought to use birthright tourism to sneak into the US.

    Now.

    • ERASE THAT DNA FROM EARTH AND THESE TACTICS WILL GO AWAY. LETTING THEM GO HOME JUST LETS THEM LIVE TO FIGHT ANOTHER DAY. ERASE THE CHILDREND CHILDREN.

      THEY HAVE AND ARE ACTIVLEY DOING THE VERY SAME TO US RIGHT NOW THIS VERY MINUTE WHILE OUR POLITICIANS TALK ABOUT FAIRNESS AND THE CHILDREN. WE HAVE BEEN INFILTRATED AND BETRAYED.

  42. China will copy and improve America's model,
    which is
    China will tariff (tax) its own imports & EXPORTS,
    problem solved.

  45. They made their people bend over and get their back sides swabbed and take a government mandated vacation which turns out isn't government paid for and needs to be paid back now.

  46. I'm noticing a trend on GP lately about China failing economically. This makes me think it is actually the US that is in big trouble. We've been printing money since Nixon took us off of the gold standard, making our dollar worth less and less. Our debt is close to $40 trillion; what is Chinas debt? They are a manufacturing giant, we are a money transfer midget in comparison.

  48. Under China’s new Regulations on Exit and Entry Administration, effective September 15 but already being trialed at some ports, one term appears again and again: “may.” Not “did.” Not “will.” May. If an official decides you “may endanger national security, interests, industrial security, or technical security,” you can be barred from leaving the country. Nowhere does the text define what “may endanger” actually means.

    That sounds exactly like Obama's Prolonged Detention Law.

    • IF YOU LIVE AND WORK IN CHINE THEN YOU ARE CHINESE AS FAR AS I AM CONCERNED AND NO LONGER WELCOME IN AMERICA…EVER. FOR ALL I CARE THEY CAN HANG THEM IN THE STREET.

  49. The ccp is finally running out of other people's money. Foreign investment has pulled out. Foreigners have left. The film industry has cut back on lots of projects. Fewer jobs, marriages, children. It's not going to be pretty.

  50. I like Gordon. He is very knowledgeable about China. But he has been predicting their going bankrupt if years and they're still going full on commie

  51. Worked nights for 20 years. Always loved listening to Gordon Chang on the John Bachelor show.

    Then Art Bell…….

  52. According to Google's Gemini AI,
    Govt debt-to-GDP-ratio

    for China is 95-100 %,
    for USA is 122-124 %,
    for Russia is 17-18 %.

    Even though Russia is wasting its resources on its war,
    it is doing extremely well financially,
    but
    USA is totally completely broke, even much more than China.

  54. Chang has been predicting this forever. Remember, a stopped clock is right at least once every 24 hours. which is about as often as he has been right about China.

  55. Not saying things are great in China, but the same title of this article could easily describe the United States.

  56. CHINA IS BROKE AND THEY ARE ARMING IRAN. WELL THEY SOUND A LOT LIKE OUR DEEP-STATE POLITICIANS IN DC. ISNT THAT FURTHER PROOF THE SLANTS ARE STILL 3RD WORLD ANIMALS UNABLE TO CRAWL OUT OF THE SWAMP? THEY INFECT AMERICA AND BOTH COUNTRIES ARE ON THEIR WAY TO FINANCIAL RUIN.86 NIPS AND TOWELHEADDS. QUICK SOMEONE GET ME SOME SEASHELLS.

  59. Any way you slice it, something ominous is right around the corner – why else would our government be not too concerned about spending like drunken sailors when our deficit is so out of control?

  60. The American Government is broke too. It's only saving grace is that it can borrow $110 million a minute with not a concern in the world about paying it back. That'll get dumped on the back of the next generation if our whole monetary system doesn't collapse first, like 2008 on steroids.

  61. What an excellent, teachable moment for all of the idiot kids who think socialism is such a great idea. Hopefully China goes the way of the old Soviet Union (politically speaking) and it's an "ugly divorce" that makes the "tabloids" for all to see.

      • I hear you, and I agree, but if you’re a parent, you know this. You have to keep “pitching” and eventually, the tumblers fall into place, and a lightbulb goes on, and then, your voice from 10 or 20 years ago, or even longer, comes through in stereo, and makes perfect sense to them. It only requires a little experience on their part. Experience for which there is no substitute. Because, there is no substitute for experience.

        • Right. But too many of ‘them’ come from single parent homes. And many parents simply don’t take the time or make the effort to teach their offspring how to behave in a civilized society. Probably because they don’t know how to behave, either.

  62. What I want to know is how many of Country Garden and Evergrande's worthless bonds lie putrefying in US pension funds and retirement accounts.

    • It looks like looks like Asia is on the hook for Evergrand I didn't find too much western exposure except a little in blackrock but not enough to to even call it a rounding error.

      Specifics on these holdings include:Government Pension Investment Fund (GPIF): As the world's largest pension fund, it disclosed holdings totaling 9.7 billion yen (approx. S$118 million) in Evergrande-related stocks and bonds.Global High-Yield Managers: Major institutional pension systems gain exposure to distressed Evergrande bonds primarily through asset managers like BlackRock, Fidelity, and PIMCO, which manage portfolios for various global retirement systems.Asian-Focused Pension & Investment Funds: Several specialized regional funds held a combined exposure of over US$1.2 billion in Evergrande debt before its eventual default and subsequent liquidation by Hong Kong courts.

  64. China will make a classic move and repatriate all HK bank accounts — corporate, personal, etc — to the China Central Bank to help cover its deficits imo. Dictatorships classically do that when they desperately need money, like now.

  65. It gives those stories regarding Chinese nationals getting caught smuggling biologicals into the US a little more meaning. One way for a country to soften its economic troubles is to have other countries facing similar problems.

  66. The United States is also broke, which is why Trump is attempting to steal oil from all over the globe.

        • Right, the Senate Democrats are demanding that in untraceable spending– protected by other Uni-Party members as well, of course. See this week’s TGP article on this.

  67. If the Marxist DSA has their way this is exactly what will be
    'Coming Soon to a Theater Near You"

  72. Blackrock and blackstones borrowings will soon send the stock market into a downward spiral

  73. Save for CoVid, China would have failed six years ago. They (and Fauchi) released the Kung Flu to level the playing field to allow socialism to breathe.

  74. Will the CCP friends in government and in the US quit their support if the money to them from the CCP ceases? How many people are getting money through PACs and NGO's that are supported by the CCP? Any investigative reporters out there willing to investigate?

  77. If true this is serious. Consider:
    "Taiwan, you are a wonderful rich little nation. It would be a pity if something happened to you….especially if you failed to fund us."

  78. It is so sad what Obama did to China. My son when he got out of college went to China to teach English to the kids in school. He then got a job translating video games to English. He was paid $2,500 a month US dollars which spends like $40,000 dollars a month in China.
    China was a free thriving country, pay your taxes and the government leaves you alone. Then Obama comes in a removes the government of China and replaces them with the communists, that like all communists are destroying the country.
    My son and all foreigners ran for their lives when this happened.
    Such a shame..my son was fair skinned with red hair and blue eyes tall and fit. The Chinese women are open about sex just a natural thing for them. He was in demand by the women to the point that he could not go out for beer with his buds without being approached.
    Now married with kids back home.

  79. I've been watching China coming apart at the seams for the last two years on a YouTube channel Decoding China, which was recently removed from YouTube for some unclear reason. Perhaps the reason is clearer now.

  80. Red China's always been a paper tiger, like Russia's laughable attempt to take out Ukraine. No one expected the USSR's fall, and you can be sure it will be the same here. As Thatcher said, socialism's fine until it runs out of other people's money, and as vastly greater Churchill said, capitalism is a terrible economic system, BUT it's far better than the others.

  82. so China will be selling more US bonds now ? might come down to such a thing, that ones having the most to lose, actually losing the most. Some societies might survive bad times much better than the others.

  83. China is also closing its borders and denying citizens to leave (flee) by September 15. Getting a passport now to get out is nearly impossible. Any Chinese nationals overseas are advised (by others) to NOT GO BACK TO CHINA. Bad things are happening to people who go back 'for a visit' to see family. Lines at the US CONSULANT are around the block.

    THE C C P is collapsing from within. They are now freezing bank accounts for no apparent reason other than….. BECAUSE THEY CAN. Many Chinese workers are NOT GETTING THEIR PAYCHECKS and haven't been paid for several months due to corruption at their factories, firms and no money for civil workers. The same thing is happening now that happened in notsee Germany when people wanted to get out before the war started. When the borders close….it's over. It's getting very close to that.

  84. " If you’re planning to leave China, understand the rules before they understand you."

    'Nuff saidl.!!!!

  85. Economic troubles for the tyrants running China can trigger China to begin doing very aggressive and unwise things with its military.

    I am no fan of the Chinese government but a wounded tiger will lash out at anything to protect itself.

    • no military needed. Economies and finances are too intertwined. If things go really bad, most spoiled societies will lose the most. gl US.

  86. China has been encouraging the masses to accumulate gold. Could it be that the CCP/Xi will now seize that gold in the manner of FDR?

  87. The chinese military has been poised to depose Xi for some time. Gordon Chang is my go to for all things china.

  88. they have always been liars. now they are broke liars. they want to be the USA so badly but they wont accept US values. shocker.

  89. Whatever the Chinese admit, the truth is always many times worse. Like the Democrats here at home, Communists lie.

  91. No nation can prosper that operates ouside of a Holy God, Our Lord & Savior, Jesus Christ. If you reject Christ, all hell will be your end!

  92. The CCP will continue snatching real estate to maintain a party-controlled asset feeding frenzy. The toiling masses will have to live with it, otherwise the tanks will come rolling in. Enough economic pressure exists to continue taking territory. This acquisition of territory began with Tibet. Hong Kong got the hammer more recently. The South China Sea is currently being solidified against all international laws. Taiwan is next.

  95. War is coming. Taiwan better be prepared. They will be annexed because they are solvent. Other people's money. OPM

    • Japan committed to joining the fight. More than likely the US and Australia plus Philippines will to. Others may join. There is serious doubt if Chinese equipment is all it’s cracked up to be.

    • I wouldn't want to be a Chinese soldier on a boat to invade Taiwan. Taiwan will sink their boats and feed the sharks before the Chinese soldiers ever set foot on Taiwan.

  96. The internals of China a nothing but a massive lie day in and day out. The country is a disaster. Mainstream media won’t report on it because they believe the sloppaganda and they are truly low bottom feeding intellect.

  98. China's economy is not cracking; it has cracked.

    They've been in a depression for quite some time now, but people want to believe the lies these lying fascists put out about their economy.

    China's governments have always been removed by peasant revolts, going back to the first dynasties. We will see it again here, when the people rise against the Nazis presently in charge.

  99. They put all their money in their military and eventually they were on track to go broke.
    Communism, it's a failed system.

  100. Taxing "ultra-rich offshore trusts, Chinese mainland authorities have now begun enforcing a 20% personal income tax on Hong Kong insurance policies—" what is going on? China is a communist country. How do you have ultra-rich offshore trusts or Hong Kong insurance policies in a worker's paradise? Who allowed this and why are they still in charge?
    Don't believe anyone who espouses communism; it's a scam. Don't know who's the mark? Do you have an ultra-rich offshore trust? Then you're the mark.

  103. "Gordan Chang – “China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen”

    Yeah, we heard this song and dance about Cuba since 1959 from the so-called "experts."
    Yet, the communist party ruling elites on that island gulag are still in power oppressing hte Cuban people.
    I'm betting the communist party elites will still be still be in power in Beijing and Havana for another 100 years because communists do not give up their power willingly.

  104. The free thinkers of this world who have a good grasp on what China is, pretty much agree that communism has a 100 year shelf life. It’s been 77 years now for them. The reasons many put this number at 100 from what I’ve read is because of generational cycles (20-30 years) and the progression of free thought and wanting a better life with each subsequent one. The internet has accelerated that in my opinion, even though China is highly censored. In 1949, China penned a 100 year plan for the overthrow of the USA, and that’s a fact. So I agree with Gordon. They’re desperate and have nukes. Not a good combination.

  105. Who ends up in charge when they eliminate Xi? Also, when they kill him, the firing squad should all wear Winnie the Pooh costumes. Just for the mirth.

  107. I just saw a video of China and the economic miracle it has had since the death of that black teeth demon Mao.

    It was both amazing and disturbing at the same time because how can a country and the world too, have such a quick change in money, wealth, and material goods?

    It seems, everyone is RICH in China like never before. Then something hit me. This is actually NOT good for China or the world.

    Is WWIII around the corner? Will they try to kill US off with mRNA vaccines, Moslem invasion, or backdoor Chinese CCP chips in every electronic device our military has in their equipment, rendering our military cast rated?

  108. China is governed by communism instead of free markets, which is why there was massive overbuilding of real estate. This would not happen in freer markets. Their banking system is also overextended.

  109. Imagine if you would, you worked most of your life for the ¥ system in China. Then in an instant that ¥ is worthless. Welcome to the House of Cards the CCP of China has set up to fail/fall.

    • I DONT HAVE TO IMAGINE,,,IT IS HAPPENING IN AMERICA RIGHT THIS VERY MINUTE. INFLATION IS JUST A TAX. HIGHER PRICES JUST MEANS MORE MONEY FOR THE GOVERNMENT TO BUY MORE DEBT FOR THE AMERICAN TAX PAYER TO PAY.36 TRILLION IN DEBT AND WE GIVE AID TO EVERYONE…INCLUDING ISRAEL WE PAY TO HELP THIER WARS WITH THE LIKES OF HAMAS AND GIVE OUR SOLDIERS AND MILITARY WHILE PAYING THEM AID. WTAF IS THAT ALL ABOUT. THEY HAVE A SPACE PROGRAM AND WE PAY THEM AID WTAF IS THAT ALL ABOUT?

  110. China's broke. UK's broke. Germany's broke, France, Spain. We're broke.

    Money just doesn't disappear. It changes hands. So where did all the money go? What country isn't "broke?"

    Name that nation and we have the thief.

  111. "…Beijing is treating private assets as its own open piggy bank."
    Hellooh! Anybody home? It's a COMMUNIST country. The state owns EVERYTHING.
    "China’s economy was praised as the model for the Western world." Yes, praised by the WEF, who want the entire world under their total control. The Chinese model is the most viable, AFTER they destroy western civilization.

  112. China has an insatiable appetite for oil so CHINA IS HELPING IRAN and the rumor is Russia is too. Russia is having to buy their oil from India. Little Z in Ukraine, keeps striking Russia refineries. Russia need oil too!

  118. Guess they are stooping so low as to generating a cash flow by selling munitions to Iran against promises to President Trump that they wouldn't.

  119. China has always been Broke – Rulers have always been Desperate – Bad Things Are Going to Happen, to China.

  120. They have been cutting off people's social benefits for a year now. Mainly because their former employer never actually paid what was owned to the social benefits program. No healthcare, no unemployment, nothing. Once denied their benefits, they can't even enroll their children in school.

  121. I like Chang but him and others have been predicting China's collapse for years now. We'll see. It probably won't be good for the world economy for that to happen. Id love to see the CCP collapse but only time will tell. All communist governments eventually collapse and fall.

  122. China needs to enrich themselves by opening immigration from Africa. Welcome those great folks from ooga booga land.

  126. We in the states have a housing shortage. Perhaps we could send a 20 million dumocrat commies and 50 millions illegals to China. That would solve the problem for both nations.

    • America currently has about 100 million illegal aliens and nobody on earth is allowed to know how many jewish people there are, they always lie.

  127. China is tearing itself apart as the oppression gets worse from the ruling Class Communist Party. The youngest see all the sacrifice of their parents and grandparents didn't mean squat. Working 9-9-6 (9am to 9pm 6 days a week) for decades adds up to having nothing. Real Estate was the only store of value and the bubble has burst with value set back 30 and 20 years. 30 in 2nd tier and 20 in 1st tier Cities.
    Most still earn $8000 per year while ruining health. Advance education (4-8 yrs) earns maybe $20,000.
    The Tariffs by Trump has destroyed China's ability to dump products and over produce. All the migrants into working in big Cities have returned to the countryside poor house. The cities are now abandoned and ghost towns of Malls and Centers. Corporations from the West are fleeing as the population won't spend from loss of Real Estate values.
    Deflation and recession are severe but the Communists control every facet to silence those masses of indebted slaves at 100's of Millions.
    The wheels will fall off and will hurt every economy. China will take you with them as the economics implodes. Trump has broken China as the sole supply chain. Veitnam, india and others now have China's production.

  128. Pushing the Dragon into a corner is not going to subdue it. When it hits the wall with no where to go it will come out with both teeth and claws tearing flesh apart, and spitting fire at anything, or one, who is in its way.

  130. China was the wolf in sheeps clothing appearing to embrace global free trade and capitalism while steadily building an economy designed to strengthen state power and strategic influence.
    It was always the false flag economy, now it's time to pay the piper.

  131. America is broke, our rulers are desperate and bad things are about to happen.

    World wars happen when world powers go broke.
    America is $40 trillion in debt, with about another $30 trillion added in unfunded liabilities.
    We are the danger

    America currently spends more on "defense" than the next 20 countries combined.
    Traitor Trump wants to increase defense spending by 50% which would mean America spends more on defense than the entire world combined.

    If you don't see we are cooked you aren't paying attention. Every time the Israeli-owned pedo protecting traitor Trump claims we are in a "Golden age" even his most strident supporters must cringe because it's too stupid to take seriously.

  132. From its beginning its actions and inactions have made the CCPs priorities clear. The "People" are disposable.
    Based on past behavior, the People’s Liberation Army, (including foreign and domestic resources) has had no cuts to it's budget. For example, funding of US Universities and US based NGOs are likely unaffected or increased.

  134. Maybe China should ask for the money back that they have been giving our American politicians for the last two decades.

    • Wasn't it HornDog Bill Clinton who gave the Chinese our nuclear secrets and how to aim their nuclear missiles towards America for political donations?

  137. Educating Panicans, one at a time. In the case of China, it's not just Tariffs, it's not just a Trade War, time after decades ever since they joined the WTO in 2000, they have never abided by any of the Rules and Regulations, they have NEVER been compliant. They have stolen $Trillions of IT from us and there have never been any consequences until this Administration. As a small business investor, you spend millions developing a product, put it on Amazon and Bang, it's ripped off and there is nothing you can do. Deaf ears at the WTO, you can't litigate in China, because we don't have access to their courts even though they have access to ours and they have access to our Capital Markets that I have to compete in. They are not compliant with GAP, they defy the regulator and I have to be compliant spending $Millions to be compliant with labor laws, environmental requirements, social constraints like that DEI Crap and make sure I meet SEC compliance.

  138. Be careful with your compassion. DO NOT confuse leadership with its sheepIe. Ϲhiṅ℮s℮ citizens subjects have been trained and purged literally from birth. In effect, every Ϲhiṅ℮s℮ citizen subject is conscripted by the PLA from birth, for life. They are drafted at any moment for any task. Their group-think and allegiance is baked in.

    Like a lsIamist sսicid℮ bomber, who is authentically kind-quiet-gentile-honest-productive in "real life", they will do their duty when "drafted".

  139. Yup… and this is what all democrats want to happen to the US.

  140. I wish China was broke enough to collapse imminently but Chang has been saying this for years. As long as the Chinese people fear the CCP, they will accept whatever screws are put to them.

  141. No problem…..

    The U.S. federal reserve will bail them out, just like they have the rest of the world…..

    You watch…..

  142. With apologies to Ray Crock, now that China is drowning we need to shove a hose down it's throat.

  145. Gordon has been right about China as often as a stopped clock has been right about the time, maybe a couple of times.

  148. Wonder how this affects the traitorous American ex-pats, many from the intel community who moved to China?

    Seems like a good opportunity to buy in China, but you better be prepared for the shakedown.

  149. Mao proved how ruthless Chinese govt can be toward its own people. With the exception of pseudo-capitalism allowing many to become more affluent, their freedom is an illusion that can be taken away with a single word.

  150. Hey! Winnie the Poo Bear, there is a guy named Nevile Roy Singham living in China and he has a boat load of cash just waiting for you to tax. Go for it, he won't miss it.

  152. I wish I could believe that, but I have ex-inlaws in China who believe that Mao was a great man, and that the CCP is China. Communism ultimately inspires bad policy and stagnation, and the normal harbingers of collapse in free societies can easily be mistaken for the status quos of authoritarian regimes. China remains our most lethal enemy.

  154. They gave mankind the compass and firecrackers… big deal. They've done nothing but copy and steal to produce cheap imitations for 500 years.

  155. China can do whatever it wants

    It built a 3 lock 84 mile long ship canal in 4 years

    they built the highest suspension bridge in 4 years

    They can build a nuclear reactor in the blink of an eye

    The USA could do amazing things if we didnt have leftist suing every breath

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