What I see Happening in China

By Suzuki Green, born in Hong Kong & became an American citizen 

Editor's Note:  This is one of the commentaries selected from Robin's weekly newsletter Patriot Neighbors.    If you wish to get the full edition, E-mail her at PatriotNeighbors@yahoo.com to get on her list, it's free.

The latest news from China said that they were more and more certain that President Xi is losing power because he lost another one of his guys.

It’s true that there are many rumors about the deterioration of Chinese population. I think 300 million is too low. Many speculated to be between 800—900 million.

Many are talking about the stepping down of President Xi. It looked very likely that he would be forced out. The Chinese economy has been in the downfall since he took office. Everyone in the Chinese Communist Party (CCP) was blaming Xi. Xi is a butcher man to begin with. He doesn’t understand economics. All he did during his reign was to secure his power. By doing that, he destroyed many talented people.

The launch of the national security law was a big mistake. Xi wanted to use it to secure his absolute power. However, in doing so, all the foreign investments fled. They also destroyed Hong Kong. Hong Kong was their golden goose and the CCP destroyed it. Before the launch of the national security law, all the major capital fled Hong Kong. Most of the Hong Kong capital is sitting in Singapore now. Most of the rich had fled. The middle class had fled, leaving only the poor and the CCP people behind.

The banks in China are collapsing due to the draining of foreign investment and the tariff situation prevented many small businesses from collecting the cash. These small businesses borrowed money from the banks to run their businesses. If the small businesses could not collect their money from their customers (mainly US customers), they had no money to return to the banks.

The housing market is also collapsing. Many people are without jobs. No one has the money to buy those expensive apartments. The rich is selling all their properties to buy the US GOLD card and immigrate to the US. The housing prices fell as people were selling in frenzy. Li Ka-Shing sold his real estate investments in Beijing at 30% off! He didn’t care. He just wanted to get out. As Li sells, everybody follows. (Li is like Warren Buffet in America. Everybody follows Warren Buffet in their investments.) The Hang Seng Bank in Hong Kong recently started laying off people. Every dept had to lay off 10-50% of their staff. HSBC (The Hong Kong and Shanghai Banking Corporation Limited) will probably follow suit. In the retail business side, everyone is folding, closing stores.