China's Economic Slowdown - How it's affecting average Chinese folks | Evergrande, Country Garden, 中植

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We have seen a lot of news and headlines about China's current economic problems. We know about the collapse of the housing market. We know about Zhongzhi Assets Management not making payments. We know about the looming demographic catastrophe - but one thing we rarely hear about is how this slowdown in the economy is affecting the normal every Chinese citizen. Not investors or well-to-do business, but just the common person... the average Zhou (pun there, 'Average Joe' - get it?). How is HE or SHE being affected? In this video I'll share a few things that I have noticed.

If you want to read more about some of the entities I reference in this video, I'll provide a few links.
To learn more about Evergrande Group, click here: https://en.wikipedia.org/wiki/Evergrande_Group

To learn more about Country Garden, click here: https://en.wikipedia.org/wiki/Country_Garden

To learn more about Zhongzhi Assets Management, click here: https://www.asiafinancial.com/struggling-chinese-asset-manager-zhongzhi-looking-at-debt-rejig

#china #economy