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China Businesses Imploding as 30% Make Losses as Overcapacity Drives Down Prices & Profits - Joe Blogs
In this video I look at the very concerning issue of OVERCAPACITY in China which is resulting in Chinese Businesses FLOODING Global markets with products which in turn is driving prices DOWN and resulting in both Chinese & other companies making LOSSES. Chinese businesses are able to withstand these losses as they are able to access CHEAP DEBT from Chinese banks however this is very bad news for both the Chinese Economy and the Global Economy.
Chapters:
0:00 Intro
3:55 INDUSTRIAL PROFITS
8:27 PRODUCER PRICES
11:55 EXPORTS
14:41 CHINA
16:45 INFLATION
18:45 YUAN
21:40 FITCH
24:26 SUMMARY & CONCLUSION