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China Corruption Crackdown Disaster as Fear Factor is Damaging Chinese Economy as Spending Falls - Joe Blogs
When President Xi took office in 2012 he announced that he wanted to target CORRUPTION within CHINA. That policy has recently been extended to more areas of the Economy. Over the past 10 years more than 5 MILLION people have been arrested for corruption and the latest CRACKDOWN has resulted in a Culture of Fear spreading through Businesses in China. This Fear Factor is now resulting in a reduction in spending which is hurting the Chinese Economy. In this video I provide more details of these issues, discuss changes in Middle Class buying patterns, why prices are now falling and what the impact will be on the Chinese Economy.
Chapters:
0:00 Intro
3:03 ANTI-CORRUPTION CRACKDOWN
7:43 PUNISHMENT
9:31 ECONOMIC IMPACT
11:16 MIDDLE CLASSES
12:47 INFLATION
15:52 SUMMARY & CONCLUSION
