Chinese Banks Cease Operations of Multiple Wealth Products: the Era of Zero Profits is Here
ฝัง
- เผยแพร่เมื่อ 7 ก.ค. 2024
- China's economy is deteriorating, the real estate crisis is severe, and the banking industry is deeply affected, facing a downturn. Recently, many banks have suddenly terminated a large number of financial products ahead of schedule, attracting widespread attention from the public. According to incomplete statistics, as of June, more than 20 financial products have already been terminated prematurely. In the coming weeks, several more products will be terminated early, a phenomenon affecting major financial companies.
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Banking with Chinese characteristics is like Hotel California. You can deposit, but you can never withdraw.
“Terminating financial products” must be Chinese for “you’re not going to get your money back”
I am waiting for the CCP to get so desperate for cash that they declare some sort of National Emergency and force all banks to turn over a large portion of every netizen's cash savings to the Government, The CCP will not let Trillions of $ of cash sit in savings accounts without stealing it, at that point the people might finally REVOLT !!
"Depositing money into a Chinese bank" is another form of this.
Patriotism of Xinnie PorkPooh #slopagandpa
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
- This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE.
-- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
Does it mean Gen Z is now Generation Zero?
There's stacking issues, mostly because the Cities aren't independent enough to outlast the rural areas if there's central banking collapse.
The 75% of the population living in rural areas will be insulated from the worst crimes and scandals, but... it will largely be suppressed, because there's a large wave of problems that the hierarchy is too slow and old to deal with.
A lot of families have already moved out of China to avoid the collapse, and this has taken out the middle-class and a lot of the operating wealth of the economy.
Namely that there's nobody competent enough to step in or change/fix these cultural issues, and the solutions can't be implemented. There's 10-20 years of failure to come.
They may have a prolonged period of negative inflation, deflation is already in place, but because the media is stifling results by not bankrupting businesses, the size of the problem is hidden.
A lot of students will be struggling to find jobs anywhere, because the normal method to start up is to apply for a loan. A lot of loan sharks and faulty capital that has no security is already bankrupt, devoured by exisitng businesses desperate to operate. And that hunger is also pulling everyone down into poverty, especially government and police fines, taxes and so on, desperately hoping they can stay afloat.
Once 300-400 million people perish in the next decade to health/stress/old age, it's going to be a literal white-washing of the old guard from the government. It will take a state funeral to get things back on board.
Probably several.
Chinese local and agricultural banks have recklessly provided property developers who then defaulted on their debts. Improvident and outrageously flawed decisions have put these Chinesr banks at risk of solvencies.
it all goes back to taking shortcuts, they just wanted to be king so bad and thought they could deceive their way into that seat. A culture of ripping off other people’s work will leave you unprepared when it’s time to take the test and they’re finding that out the hard way. There are no real shortcuts in life and they’re just having the same consequences as anyone who tries to cheat in life only on a larger scale
Here in Australia everything prior COVID was from china especially clothes now all from India Bangladesh south Korea electronics
yup the safety of chinese banks is so high that not even the depositor can get their money back.
Stealing your deposits are the ultimate bank product.😅
I am warning you. The banks that have made huge loans and purchased bonds to real estate companies, local governments, lending platforms, and mortgages are already unable to recover their funds, and your funds have already been melted down by the banks. Next, the local governments, which are on the verge of bankruptcy, are considering seizing and confiscating your savings and company funds in the banks as unidentified funds.
I strongly recommend that you withdraw your funds little by little from the bank and keep them on hand.
I don’t know how other countries do banking but in America most bank Deposits are federally insured up to a certain amount. This has been a thing since after The great depression in the early 1900s To prevent bank runs bank, collapses and restore, trust in the banking system. Do other countries not do this with customer deposits.
I assumed this was a Universal practice that all banking system in the world use. Is this a uniquely American practice?
@@savagebeastking8703 you can insure against one bankruptcy but not against an avalanche. And insurance is low in Asia, maybe like $50k
AI 5G Financial Failexpertise
It seems that you, like most in the US, don’t realize that the banking laws were changed. Now, when you deposit money at your bank, you are making an unsecured loan to the bank. They have your money and you have nothing but their word that you can get it back. If the bank fails, investors in the bank get paid, unsecured lenders don’t. Your deposit is no longer insured, because it’s not a deposit.
Wake up. Don’t keep money in bank accounts. Failures will come soon.
Watch The Great Taking
@@savagebeastking8703nice joke insured all they do is print the missing deposits when in turn devalues the currency you hold in the bank go look up the reserve ratio requirement... Used to be 10 percent now it's ZERO 😅
Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.
You don't understand what is going on.
It looks like all the Chinese banks made loans to the construction sector at high interest rates to make money. But, the construction sector is defaulting on the loans which is taking down the banks.
They also heavily financed local government big projects such HSR and excess airports, which are money pits.
I picked up on the title because China manufacturing was always zero profit to start with and then tried to make money from cost reductions. However this rapidly deteriorates into quality corner cutting as most product designs are already close to cost efficient from the outset, especially with the repeat and copy model China is using. If China can't make money on property to subsidise manufacturing its manufacturing has to adopt the model the west uses, which is that you don't invest unless you can make more profit then just investing the money in a bank saving account. This will result in much less investment.
No one will buy China's debt and the yuan shall become worthless😂
like the face sticking on that money..
This sounds way too familiar. Anybody remember the US back in 2007 ?
what happened in america was because of "ONE THING". bonds. thats it. it is now going to happen again but with "HOMES". no one will buy houses. too expensive.
2009
2009
2009
All the banks are likely bankrupt. Capital ratios were likely inflated with insufficient loan loss reserves. With inter-bank lending, it's practically impossible to isolate the problem to only a few banks. It will require massive recapitalization. This is why so many fines/taxes are being enforced, as the money needs to go to the banks. If they don't do a massive recapitalization, you'll have a 10+ year stagnation economy similar to Japan in the mid-90's.
AI 5G Financial Failexpertise
so cooking books to make it look profitable. how long does that last ?
China is going to make Japan look like a tiny dip in the road.
Fake economy
Wait, you still deposit money in your bank?? Well, good luck withdrawing it 😂
i just dislike the term financial product
Yes a product is something physical, this is a service
@@llothar68 Less a service, more a scam.
how can you not like this video...
Reaching for the stars only to end up in nasty sewage. The Chinese model isn't the way to go😂
One would wonder if the banks are terminating these financial producs can the customers get their money out of the bank at all.
i didn't know banks sold products? what products?
Investments, aka bonds to "trustable" things like the housing industry, the road industry, the high speed rail industry and so on. In short... they put YOUR money into things that were promised to make money. We know how that went!
Funny money & debt
Only way bank can make money is if institutions and people borrow money from it, so it can charge good interest. if less people are borrowing then it cant continue to offer financial products. Signs of long term slow down, hope they can avoid a financial crisis.
Dừng các hoạt động nhóm ngó đầu tư độc hại, dừng các hoạt động phi pháp trên biển trên bộ, dừng các hoạt động đầu tư bẫy nợ ở nước ngoài… mà tập trung chăm sóc sinh tồn cho người dân sẽ tốt hơn
Thank you buddy
Patriotism of Xinnie PorkPooh #slopagandpa
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
- This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE.
-- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
Tell me you don’t know about economy without telling me you don’t know about economics.
@@llothar68 Who the *!#*@ are you. Thailand tourist?
Green card economics.😂🤣😂🤣
@@timothywootton5331 We have a thailland little pink in here with us
@@timothywootton5331 WOW. EVEN THAT IS A BIT TOO MUCH FOR ME!
This could be a good idea. In the US, we had "mortgage derivatives", in which many tiny slices of different real mortgages would be laminated together and sold as financial products. This caused too many problems to list... but here are 2:
1: It was almost impossible for potential investors to learn the true value of these products.
2: When a single house was foreclosed upon, it became almost impossible to track down all of the owners of that mortgage.
There were MANY other problems... too many, and eventually it collapses and caused broader economic problems, including a national recession. So, sometimes it's good to reign in the financial products, for risk reduction purposes.
And I should mention, a big driver of that recession was bad real estate loans (for example, "balloon loans" were popular. Loans were structured in such a way that the recipients could affore the initial payments. Then, the loans schedules were set up so that they would increase the payments beyond the recipients' means, and to trigger foreclosures, at a certain point.
The mortgage derivatives and the real estate loan foreclosures combined to spark a recession. It seems as if China faces very similar pressures now.
From the video content, I guess the "wealth management products" aren't consulting services like in the US, they're actual financial instruments maybe something like an investment trust.
More like the asset-backed securities that fueled the subprime mortgage crisis.
You want to invest in high speed rail right, and the companies that build houses right? Right?
financial product this, financial product that, bond this, bond that... and all that money is GONE.
Just GONE
Spend on things that never will make money back, that are going bankrupt.
The Chinese citizens lost faith in Modern Monetary Theory.
I wonder why! /sarcasm.
The central banks need to return to sound money, not Bubblenomics.
Flat flat flat...the whole world 🌎 is lying down
Not USA, we still grinding!
If you are laying flat you dont see the bumps on the road ahead of you.
Huh?
@@colemarsh13 bump
@@seminolewind158 grind culture is a scam
😂😂😂😂
China folding ong
Reverting to tribalism..
Maybe it’s time to cooperate with the west.
so China, do you still think it was a good idea to challenge the United States? You really should adopt they saying, “don’t bite the hand that feeds you” in your country, it clearly is not a part of your culture. If your wealth was brought to you by doing business with us, what did you really think would come out of challenging us? We’ve been working hard for hundreds of years to get here and you really thought a generation of doing business with us would put you on our level? No you have a long way to go before you can stand next to us. I’m not saying this to be mean, I hope that it’s not as bad for your people as I think it will be, because I know there are a lot of good people in China, but your culture needs to adopt better values, you can’t cheat your way to the top, someone who actually did the work will take your spot every time. like India is doing, they’re rising but it seems they’re being realistic about it… it’s more likely to be permanent because they aren’t taking the same type of shortcuts, they’re actually putting in the work, well, aside from the phone scams I guess. They are coming to the table with something to offer while China has been issuing threats for years, what did you think would happen? We were going to step aside? Yah ok keep dreaming.
CCP the economy built with tofu 🇺🇸💪
literally called Bangkarote..
This administration has no idea how people are suffering, things are getting so much harder we can't take it no more. A lot of people are financially struggling to put food on the table and a roof over their head, I appreciate your advice Maya Bryan investment.
No doubt!! Maya Wooldridge is highly responsive and always follows up to make sure my needs and questions were met. We were saving for a deposit to allow us to move into a new home, and it was successful.
"She's mostly on the telegams with her ID Below"
*MayaBryan01*
That's her ID
Wow, I'm surprised to see Maya mentioned here as well. I didn't know she had been kind to so many people.
No major economy has ever gone on forever without a major financial crisis. It didn't matter what a nation did, eventually there is a rationalization that smooths out imbalances at some point. China has avoided a reckoning for a long time. High growth rates in the past made it easy to paper over bad loans, but as growth slows, that option will be less of a possibility.
Tell the USA to pay back some of their money they have borrowed.
@@ozeight4278 You must be referring to the $770 Billion China invested in U.S. Treasury (less than 3% of total). That is up to China to sell or to hold as it is widely regarded as the safest form of investment. Either way, it does not matter to the U.S.
Earth is Flat Friends
only in your stupid mind. go open up a map. take your finger and go from one side to the other. now imagine being in a airplane and flying from america to australia. and australia back to america. its not flat. there would be an "END" if it was flat. there is no end. a circle has no end. its not flat!
As in laying flat. And Chinese banking & economy is about to fall off. An underrated comment👏
@ChickenMcThiccken aww did I hurt the faceless stranger's wittle feewings? Get a grip fool
If a product DOES not make money-----DOES that mean its free!!!!!!!!
America is the greatest country in the world "I identify as a transexual pansexual Asexual vegan that eats meat "
America is the greatest country in the world "the police left the chat ,that's my gun thought it was a Tazer ."
@@Funnydoodoo08 what does this even have to do with the video?!?
America is the greatest country in the world "George Floyd left the chat"
Biden - 'it perfectly safe to hang around with american zombies ... '
' What happened to this Neighborhood? '
' I've never seen anything like it': Inside the center of the tranq drug crisis '
' Streets of Philadelphia, Kensington Ave Documentary, October 25-26 2023 ' - youtube
2-3mins introduction China video, followed by own self “facts” w/o context from their side to show. You guys started to make up stories to fearmonger the public? Disappointed & disgraceful.
America is the greatest country in the world "Joe Biden forgot to leave the chat"
@@Funnydoodoo08 what does this have to do with the video
@@coolemperor8257 the MAGAts can make anything about their mental illness
DO NOT BUY OR USE ANYTHING CHINESE! Send them a message. You dun goofed.