🌍 China's crackdown spirals its own economy down

“I think this is going to be like a spiraling down of their economy. I don't think it's going to spiral up. ... I think they just throttled innovation and they just shot themselves in both feet. I think they're going to regret this decision.”

“I disagree with you. No, I disagree with you. And the reason I disagree with you is... ... Because you know what, if you're coming from China, and you can only make a billion versus 45 billion, I think you still take the shot. ... Everybody, guess what? Because if you want a shred of fucking lithium, if you want a battery, if you want nickel, if you want anything to happen, you need to work with China.”

“I think J. Cal is right in the sense, I don't think it's gonna be like a binary decision where all of a sudden everyone just stops doing business in China, but they're gonna be hedging their bets.”

“We have a looming debt crisis in China. We have supply chain shortages.”

“So this weekend, China cut interest rates. ... Well, if you are cutting rates, it is because you are worried about the other problem, which is that the economy is basically turned over and you need to become more accommodating.”

“China is still a fundamentally export driven economy, of which 35% just alone goes to the United States. When you add in Europe and other OECD countries, it's almost 60%. ... I think the idea that all of a sudden, Russia will be able to backdoor all of these things through China into the rest of the world, I think is not really realistic.”

“Russia will become a Chinese client ... those resources are going to flow on a conveyor belt, on a belt and road conveyor belt from Moscow to Beijing, and they're going to fuel the Chinese economy”

“I think there was a concern that there would be an entire meltdown of the full Chinese economy, which is not what we feel on the ground. I think, if anything, it's created a set of opportunities to really level set, especially on the living sector. It's really accelerated some policies to make it easier to build and to create rental housing ... China is only as urbanized as the US was in about 1950”

“China is on the precipice of this because of this one China policy. I think the stat that I saw, which is stunning, is there's 1.2 billion people in China? 1.4? By 2100, it's going to be around 600 million. If that's true, the point is just that there's a real issue.”

“China's input cost has been capped. And so they don't suffer the same rate of inflation that the rest of us do. ... we allowed our largest competitive frenemy, if you will, to basically be able to, you know, drive their entire economy at 30 to 40% of the discount to what we have to pay to do the same.”

“China is in chaos right now, apparently, in terms of slowing economic growth, bank protests, mortgage protests, exactly what I predicted last year when you guys were talking about China was going to dunk on us.”

“It's really a self-own. I mean, they've moved away from the policies that have made them so successful economically over the last 40 years. And then on top of that, you got this debt crisis and this housing crisis.”

“They can take a five- ten- and thirty-year outlook and make a plan and invest against it. It's what they did from the beginning. I wouldn't count them out, but there's certainly a lot of challenges they're facing right now.”