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Matt Bevan

👤 Speaker
3388 total appearances
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If You're Listening
Trump and Xi Jinping’s deadly game of chess

And Xi makes absolutely no secret of this desire.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

China has staged giant military exercises simulating the invasion of the island, and ships have been built and modified specifically for that purpose.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

But all this preparation doesn't negate two facts.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

One is that modern advances in weaponry have meant that every attempted invasion of the 21st century has gone incredibly badly for the guy doing the invading.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

The other thing he's ignoring is that he's already at Zuxfeng himself, meaning many of the potential moves that China could make would weaken their position.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

And that's because despite all of the preparation, China's economy is still very fragile.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

The closure of the Strait of Hormuz in March has shown that even a small blockade can disrupt global supply chains enough to have serious effects on China's economy.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

But that's just the start of it.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

Xi Jinping has got 99 problems, and the Strait of Hormuz is just one of them.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

In fact, he's got more like 1.4 billion and 99 problems.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

Ever since he took office in 2013, the spectacular economic growth that the Chinese Communist Party uses as justification for their authoritarianism has been in decline.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

And it's putting the Chinese people in financial distress.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

The employment environment is not that good.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

Education costs are very high, and China's patchy public health care system only provides basic care.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

A serious illness can wipe out a family's finances.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

So Chinese people tend to save their money rather than spend it.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

Most put that money in what they consider to be a safe investment, property.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

The trouble is... Across China, the property sector has collapsed.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

International investors are bailing.

If You're Listening
Trump and Xi Jinping’s deadly game of chess

Massive dysfunction in the property and construction industries led to a financial meltdown.