[chunghuaming]

Chinese citizen living in US, posting anonymously for obvious reason.

Huarong and evergrande are just the tip of the iceberg. If you wish to know what all the things fester below for CCP, here's a very timely summary video from laowhy86, one of the YouTube expert on China https://www.youtube.com/watch?v=RpwtZLzDM_o

Unfortunately you will not find many outspoken Chinese native citizen on YouTube, for they all fear CCP retribution, even living abroad.

恒大暴雷 市值两万亿的中国第一房企 居然对付不出400亿 如同一个万元户 被400块给逼死了 房企都要塌了 房价还没跌 建筑商的商票拖欠 银行的债务拖欠 私人借贷也拖欠 房子卖出去还收的是全款 不知道这些钱都到哪去了 魔幻的时代 魔幻的故事啊

[yrro]

> one of the YouTube expert on China

Hmmmmmmm. His videos are flashy, watchable... and incredibly poorly researched.

I am incredibly unimpressed by his "I Found The Source of the Coronavirus" video. And frankly it calls into question all his other videos.

https://www.youtube.com/watch?v=ab-r0capbzk

[hikingsimulator]

Having watched that video, laowhy presents a biased view on the topic. Not a biased view of China mind you, but because his views echo the triumphant 90s zeitgest that capitalism, liberalism, and what can be cast as a "laissez-faire" attitude (supposedly being necessary to the development of a country) is for him the de-facto aka obvious best system. The underlying thread is still that "Fukuyama take" that capitalism and liberalism are the end-of-history.

Laowhy provides a compelling narrative, but it also feels like it is just that: a narrative.

China as a country has endured and has at hand many more tools to ensure its stability. It is not a simple dictature or the USSR, which could be brought to its knees via a mix of political and economic ostracism.

The video sadly feels like some feel-good geopolitical video for westerners: "don't worry about China because China worries about itself and hides it, badly".

[enaaem]

Are there any specific points in the video you disagree with?

Just saying something is biased does not make you correct. It is just very elaborate way to say “oh no it isn’t!”.

[throw3434053]

Laowhy only offers this slimey smug clickbait view of China that is exactly what American powers want people to believe. He is constantly releasing videos saying "China will fall any day now!", it is just giving people what they want to hear and it's totally reasonable for this person to point out how biased and uncritical he is.

[hikingsimulator]

The other answer to your message offers the gist of my point.

Laowhy does not offer the research that backs his point besides the general doxa around China. I don't see why I should have to prove a negative.

China has many issues, but the feel-good doomsday rhetoric offered by Laowhy does not help OP's argument especially when channels like Polymatter have covered those issues, better, with less bias and more down-to-earth conclusions.

[powerapple]

I wouldn't call a foreigner a China expert. I wouldn't be a China expert as Chinese, and I can read Chinese.

And, it is not abnormal at all that big company defaults on tens of billion debts. Without digging deep into the issue, I think the company is playing a too-big-to-fail game with the government, by bundling itself with many small investors, it will have more leverage with the government since the government is cracking down on big real estate companies. This is actually not the first time the company use this strategy. The interesting thing now is that is the government going to allow bankruptcy to happen or not.

EDIT: especially the foreigner lives in China spending time with his expats friends, no knowledge of the society, no knowledge of the business at all.. I just started reading Red Roulette, you will know, even you are Chinese, if you are not in the business circle, you don't know business..