Before the Emperor's Demise, Social Security and Enterprises Are Collapsing on Both Fronts
Zhai Shanying analyzed the comprehensive collapse trend facing China in October 2026 on his show, pointing out multiple crises including food safety (such as excessive antibiotics in Shineway products), the exhaustion of social security funds, corporate retroactive social security payments combined with accounts receivable crises, a world-record marriage-to-divorce ratio, and changes in the APEC summit, predicting that the regime and the economy are heading toward a hard landing.
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Full transcript:
Oh, hello everyone. I'm late today. I just rushed back. Sorry, very sorry. One peculiar thing about British trains is that they divide midway. A train might have several carriages, say eight carriages, and when reaching a station, they give a short-notice announcement to detach four carriages and send them elsewhere. Ah, today I went somewhere to discuss how to, how to handle these bad actors overseas right now. I traveled to another city and came back late, sorry about that. Ah, Musk is fucking awesome, truly fucking awesome; these cars are built just like rockets.
Friends, hello everyone! Today is Friday, October 16, 2026. Ah, it's really great being in the UK! The US, the UK—welcome to Friday on Zhai Shanying's YouTube channel to chat and relax. For friends in China to help you sleep, and for friends overseas to wake you up, alright? Ah, I believe everyone can now feel very clearly how fast the People's Republic of China is toppling over. I suppose you friends in China see it all over the news and information feeds every day. No matter what the Chinese Communist Party (CCP) releases, as long as comments are open, it's overwhelmingly negative. Ah, earlier this year, I was still telling everyone that the CCP would collapse in these two years. A huge crowd left comments saying I was talking nonsense, saying the CCP wouldn't fall in 30 or 50 years. Some even said it could rule for 100 years. Now take a look, does anyone still say that under my platform?
Ah, "won't fall in 30 or 50 years"! Does anyone still leave such comments? Except for the petty wumaos—not to mention their ulterior motives—even the Little Pinks themselves don't believe this country can keep going for another 30 years without collapsing. It's not about how formidable the CCP's power is; it's about whether this country can even sustain itself now. Everyone sees it clearly.
Ah, the speed of Communist China's collapse in 2026, especially in the second half of the year, is basically visible to the naked eye. In the past, I had to analyze this issue using a lot of data, examining the reality behind the numbers. Now, sitting here, you can see it with your own eyes: too many problems arise every single day, far too many problems. Ah, this is what I call the laws of nature, right? When a massive high-rise collapses, when a giant ship sinks, it starts out very slowly because of inertia, but the actual data has already proven that it is bound to fall.
It is bound to sink. It just feels slow initially to your naked eye and perception, but once this trend takes shape and the downward momentum sets in, the subsequent trend moves faster and faster, and no one can stop it. There is no way out now. Therefore, when this country falls, it will inevitably be the disintegration of the entire nation, a hard landing—there is no other way. With the CCP's organizational system, there is nothing existing in this nation's society that can act as a cushion—faith, politics, ethnicity, economy, finance, technology, society, international relations, human trust, etc., virtually all the things that serve as shock absorbers in other countries.
Just like in the People's Republic of China, you can't see it anywhere, so once it falls, it disintegrates. The former Soviet Union at least had basic religion and faith, ah, but the People's Republic of China doesn't even have that stuff, so as soon as it falls, this country will disintegrate, okay? Now, everyone can already see very clearly the collapse and downfall trend of CCP-ruled China. Ah, as I said, I suggest everyone grab a small stool and just sit right here to watch this country rapidly vanish into nonexistence.
As the old saying goes, it's not that retribution won't come, but that the time hasn't arrived; once the time arrives, retribution hits everything. Ah, some friends are inside domestic China and can't get out, so painful. What I'm saying is that the most important thing right now is to reconcile with yourself. Ah, right, exponentially expanding, there's no way around it, it's all like this, natural law after all, faster and faster. Ah, keep a peaceful mind, study well, live with a calm heart, endure through these next year or two, ah, so after it collapses and a new country emerges, whether for oneself or for the future, there will be opportunities to strive. But during these one or two years, we can only prepare ourselves with the mindset of fully enduring hard times, okay? Ah.
Out of old habit, let me start with a small matter to give everyone a clearer understanding of just how evil the Chinese Communist Party (CCP) is! Recently, a piece of news broke out in China about the ham sausages produced by the Shuanghui Group, I don't know if everyone saw it? National spot-check inspections found that one type of antibiotic called lincomycin, an antimicrobial drug/antibiotic, exceeded the national standard by 38.5 times! This is actually a very routine thing. I'm using this matter to explain to everyone that inside the People's Republic of China, anything you eat that comes from pigs, cattle, sheep, chickens, ducks, geese, fish, shrimp, crabs, and other meats raised in this country—
—ah, are all sources of poison that collectively poison the Chinese people, because for all breeding and farming facilities in CCP-ruled China, whether state-owned by the CCP, private, etc., as long as they are farming facilities, they fear that these animals will catch diseases during farming. If they get sick, you have to treat them, which costs money, or if they die, then you can't sell them for money.
Therefore, the solution currently used by these institutions in the People's Republic of China is to frantically feed these animals antibiotics right from when they are young, same for state-owned and private, and it's been like this for decades. Ah, according to the CCP's official public data, with 2020 being the last year data was made public, in 2020 China's usage of animal antimicrobial drugs for food-producing animals was 32,776 tons, which is once again number one in the whole world.
Antimicrobial, meaning antibiotic usage, number one in the whole world, 32,776 tons. And to what exaggerated extent is this number one? This number one is far greater than the combined antibiotic usage of all countries ranked from second to ninth place put together. And this number one spot has been maintained for 14 years now.
Ah, starting from the year before this fucking idiot Xi Jinping came to power, for 14 whole years it has been number one every time, and in every case, adding the second to ninth places together still falls short of China. Ah, so many countries around the world with highly developed animal husbandry cannot compare to CCP-ruled China. For example, again based on 2020 international public data, second place was Brazil, ah, with an annual animal antimicrobial drug usage of only 10,007 tons, the United States at 5,748 tons, Australia at 3,610 tons, Argentina at 1,996 tons, and Canada at 1,004 tons. Ah, many of our neighbors like South Korea and Japan only have a few hundred tons, not even reaching 1% of CCP-ruled China's figure.
Now of course, the latest available data for this can only be found up to 2020, because after 2020, CCP-ruled China stopped making this data public. Ah, over these years, many important pieces of data representing the development status of this country—which were published during the Jiang Zemin and Hu Jintao eras—can no longer be seen by us. Ah, because if seen, it would cause more and more elements of social instability. Ah, but looking at the trajectory of data from 2020 and the preceding decade, we can already see this issue very clearly.
I am accustomed to laying out facts and reasoning things through, so for all living people in the People's Republic of China, after the Reform and Opening Up, especially over the past dozen years or so, the meat everyone has eaten—regardless of whether it runs on the ground, swims in the water, or flies in the sky—has all been pumped up with antibiotics. What various livestock and poultry farming institutions in CCP-ruled China compete in has never been how safe or reliable the meat is, but rather the means used to handle testing agencies after dumping massive amounts of antibiotics and how big of a protective umbrella they have from local governments.
The Shuanghui issue just broke out, breaking out in October, which everyone can see in the media. But does any of you know when this issue was actually detected? More than a year ago, in August 2025. This matter was only revealed now because of a series of official infighting at the top levels of the CCP. Ah, friends in China told me that it turns out because of internal fighting, someone in the State Council sent a document directly to the Heilongjiang Provincial Market Supervision Administration, explicitly demanding an off-site, third-party institution.
Ah, to conduct food safety testing on Shuanghui's products. Therefore, the Heilongjiang Provincial Market Supervision Administration ultimately had no choice but to find neighboring Jilin Province, where the Changchun Customs Technology Center, as a third party, went to designated county and city supermarkets in Heilongjiang Province to purchase Shuanghui products, and then found extremely severe problems—of course, dozens of issues, not just exceeding antibiotic standards.
It's just that after this result was reported up in 2025, after August, it became a tool in the gladiatorial arena of the upper echelons. It was suppressed for over a year, and recently, because certain people ran into trouble, it was exposed. Furthermore, they only reported this one issue regarding antibiotics; other things are still tied up in political maneuvering, and they just picked antibiotics—the most inconsequential thing—while the major toxic hazards were left unmentioned. My habit remains the same: I speak using official CCP information. If you bring up antibiotics, I will discuss antibiotics with you; I won't talk about other behind-the-scenes inside information. But everyone understands that testing was conducted over a year ago in August 2025. This is public data, comrades; this is something the CCP has. And then, an agency from Changchun was sent to Heilongjiang to conduct the testing.
They had to designate another place; Heilongjiang's own testing agencies were not even allowed to be used! Think about what that entails. Coming out after more than a year, what these breeding institutions in the CCP that feed you are competing in isn't how safe or how good the meat is, but rather their ability to handle the testing agencies and government protective umbrellas. As for the animals being raised, although huge amounts of antibiotics are ingested by them, they have no descendants anyway, and their destiny is simply to be served on the table. Humans eat them, so they feed it to them carelessly. But when humans eat this animal meat containing huge amounts of antibiotics, it is equivalent to us consuming antibiotics ourselves; it is merely direct consumption versus indirect consumption.
Take the data from 2020: nearly 40,000 tons, over 30,000 tons. Divided among 1.4 billion people, on average every single person in the CCP state indirectly ingested 30 grams of antibiotics from this in 2020. Everyone, the amoxicillin, cephalosporin, and azithromycin you get from hospitals now are all 0.25 grams per capsule. Thirty grams is 114 capsules—that's taking one antibiotic capsule every three days, one antibiotic capsule every three days.
Now do you finally understand why many people say Chinese people are immune to all poisons? How could you not be immune to all poisons? Living in this country, in this environment every day, consuming antibiotics regularly, how could you not be immune to all poisons? And this is only the domestic produce of the CCP state, not including meat imported from Brazil, the United States, or Argentina, which also contains antibiotics, just not as much as in the CCP state.
Think about what kind of situation this is. Consuming antibiotics has very serious consequences when eaten like this. What came out of Shuanghui this time is called lincomycin. If an adult takes it in the short term, assuming you are not ill and have an immune system, short-term intake will still cause intestinal discomfort and diseases, followed by chronic allergies, and severe adverse reactions will occur when using many other medications. That is short-term; if you consume it long-term, the biggest consequence...
It increases bacterial drug resistance. Why has the rate of increase in antibiotic resistance among patients visiting hospitals in the People's Republic of China reached such a terrifying level over the past decade or so? When you go abroad, if you catch a cold or have a fever, you might also take antibiotics, right? Then why isn't it increasing as fast as in China? Because abroad, it isn't in your food, it isn't in your water; you only take it at the hospital when you get sick. In China, whether you are willing or not, you are consuming it almost every single day.
Therefore, according to—for instance, CHINET, or Cross, because I don't know how to pronounce these acronyms, but they are all among the world's most famous testing institutions. So let me spell them out: according to their public clinical test data, for Chinese patients by 2025, antibacterial resistance of Klebsiella pneumoniae to imipenem was only 2.9% back in 2005.
That was in 2005. In 2005, Chinese people consumed fewer antibiotics at that time, so antibiotics were still effective in clinical practice, and the resistance rate was only 2.5% to 2.9%. But in 2025, this figure reached 28.9%, increasing by a full tenfold. 28.9% is one-fifth, meaning for one out of five people, many antibiotics no longer work.
So in the CCP state, you are fine as long as you don't get sick; if you do fall ill, especially with an illness that requires antibiotics to cure, for many people it is the arrival of a nightmare. Shuanghui's stock price reacted; how could Shuanghui's stock not react? Of course Shuanghui's stock reacted! Take a good look; go check Shuanghui's stock right now. Why are so many people currently saying in the healthcare system of the CCP state that huge numbers of superbugs are emerging?
Bacteria against which all kinds of antibiotics are completely powerless and ineffective—this is a very important reason. That is what happens when adults consume it; what if children consume excessive lincomycin? The growth of the immune system and metabolic system, as well as physical development, will all be heavily impacted. Why is the fundamental physical quality of children in the CCP state not getting better, but worse and worse, along with a massive amount of sexual development issues? These are all deeply rooted right here! Does everyone know who had the highest average scores in the national physical fitness assessments for middle school students in the People's Republic of China?
It was the cohort born in the 1980s. The data for those people when they were middle schoolers was the highest. Later on, the economy became more and more developed, yet the average physical fitness of children deteriorated day by day, each generation worse than the last. Where does the reason lie? It is this very problem: nothing can be done about the pollution. The lincomycin excess exposed at Shuanghui this time was not just several times or dozens of times over the limit, but nearly 40 times over. And this is a result obtained when the CCP state's national ceiling is already almost the lowest in the entire world.
Currently, the standard in CCP China is no more than 200 micrograms of lincomycin per kilogram of pork. Ah, in this sampling of Shuanghui, it was 7,700 to 7,800 micrograms of lincomycin per kilogram. The European Union standard is below 100 micrograms per kilogram, ah, much stricter than CCP China. So there's no way around it—under the standards of the EU, the US, and many other countries, Shuanghui exceeded the limit by nearly a hundredfold. If this kind of situation happened in a developed country abroad, a capitalist country, it would never just fade away after an initial blowout. The top executives of the Shuanghui Group would definitely have to resign and face criminal liability. The Shuanghui Group would have to pay massive compensation to countless consumers, because how many people in China eat Shuanghui products? Just think about it yourselves.
Moreover, most of them belong to the lower-middle class. Bankruptcy would be an inevitable outcome for this company! So now everyone knows why food in Europe and America is far healthier than in China: the laws are comprehensive, and nobody dares do what Shuanghui did. The cost of breaking the law is extremely high; if you do it, those responsible face criminal liability, and the enterprise collapses. So who would dare do it? But in CCP China, nothing happens. After such a massive incident, just now someone mentioned the stock price—sure, the stock price reacted, but did you see any other reaction?
In the official announcement by the CCP, ah, they fined Shuanghui Group, but there was zero apology or financial compensation to the victimized public. That's right, once it blows over, it's over. Who was actually harmed? The general public. After all these years, Shuanghui Group made no apology for this incident, only offering an explanation claiming that it was because the upstream breeding stage failed to enforce a strict drug withdrawal period. Now that is extremely characteristic of the People's Republic of China.
Ah, because Shuanghui Group itself claimed that they didn't test upstream meat, so the upstream suppliers didn't observe the withdrawal period, and then the supplied meat was just put on sale. That is their excuse. Do you find that amazing? What's even more amazing is that after such a huge incident broke out in August 2025—which can be seen in the public filings of Shuanghui Group's listed company, acknowledging the issue and the massive contamination detected—between October 2025 and May 2026, across all of Shuanghui's slaughterhouses throughout China, the regulatory inspections conducted by the CCP government regarding lincomycin totaled only eight times.
Even after an incident occurred, they didn't increase inspections, and nobody knows the test results. There are simply too many such cases in the People's Republic of China—far too many to count. Ah, lately people keep saying it's unsafe to eat cherries, unsafe to eat this, unsafe to eat yellow chives, unsafe to eat rice and flour. Now you know, can anything be safe? That's why living in this country, I say you can only make peace with yourself and stop thinking about the future.
Because in this country, it is impossible for you to eat meat products that don't contain excessive antibiotics. Someone might say, "I'm a vegetarian, I don't eat meat." Sorry, even if you are a vegetarian, you will still ingest large amounts of antibiotics and other toxic substances. Why? Because you drink water just like I do.
As I mentioned before, in the Jiangsu and Zhejiang regions, in many reservoirs used for aquaculture, local third-party water quality monitoring agencies found that antibiotics in the water exceeded international standards by tens of thousands to hundreds of thousands of times. Yet the water from these reservoirs serves as the most critical local sources of drinking water. However, the drinking water standards of the People's Republic of China contain no testing for antibiotics or many other clearly harmful substances, including the hazardous substances from the dismantling of old batteries that you see today—none of these are in the drinking water testing standards.
So even if testing institutions discover them, it is completely useless. For example, as discussed before, ten years ago in 2017, a conscientious testing agency in CCP China published a report on the antibiotic pollution characteristics and risk assessment of drinking water sources in Nanjing. They conducted water quality testing on water samples from 17 government drinking water sampling points along the Nanjing section of the Yangtze River and three reservoirs, detecting up to 29 kinds of antibiotics, including ciprofloxacin, ofloxacin, enrofloxacin, doxycycline, and lincomycin. Furthermore, the concentration reached 317 nanograms per liter of water, an extremely terrifying level.
The report explicitly stated that according to the risk assessment model, the antibiotics in these water bodies posed a high level of risk to the local population. And then? There was no then. That testing agency disappeared from the internet afterward; you could never find them again. Meanwhile, of course, the CCP's Nanjing Ecological Environment Department has released a Nanjing drinking water source inspection report to the public every year for decades, showing that the water quality compliance rate of the 11 drinking water sources around Nanjing has consistently been 100%.
Why? As I said, because the current drinking water standard GB5749-2022 promulgated by the CCP only stipulates 97 water quality metrics, consisting of 43 routine indicators and 54 expanded indicators. Testing for antibiotics and numerous other pollutants that severely harm human health are simply not included in China's drinking water standards, so no standard testing for maximum residue limits exists.
Do you understand now? So in this country, whether you drink water or boiled water, the public drinking water announced by the CCP government is always "compliant," even if in many places the water looks like a puddle of shit—it is still compliant. That's right, so the massive amounts of antibiotics and health-damaging elements in the water fall entirely outside the scope of testing, yet the harm they inflict on the human body remains exactly the same.
Therefore, in the CCP's China, if you talk about eating meat, antibiotics, and such, there are plenty of problems; but if you don't eat meat, you may face just as many problems, because pollution is everywhere. The Chinese Communist Party is an organization of bandits and gangsters. Whether collectively—where this party, purely to make money for itself, decrees that land belongs to the state, meaning it belongs to themselves, and so on—or individually through corruption and embezzlement of wealth, they will absolutely do anything to make money, and absolutely no one cares about the safety and livelihood of ordinary people.
Well, I am used to presenting facts and reasoning, so let me describe to everyone the real living environment of the Chinese people. So in recent years, you can see that although the quantity is very small, when some meat, egg, and dairy products from the CCP's China are exported, they are frequently rejected and sent back by the importing countries due to failing safety tests. Yet these returned products are still frantically snapped up by residents in the CCP's China, because food deemed unsafe by foreigners is seen as the safest by ordinary Chinese citizens, simply because its testing standards have far exceeded the national standard.
What ordinary Chinese people eat isn't even worth mentioning—words fail. Things that people in other countries wouldn't eat are eaten by Chinese people. That is why over the years, the incidence rates of many diseases among citizens in the CCP's China—especially the incidence rates and patient numbers of all fatal major chronic diseases—have consistently ranked number one in the world. Never mind comparing with developed countries; China far surpasses even developing nations, firmly standing at number one in the world.
There is an inevitable logic behind all of this, which is why under the rule of the Chinese Communist Party, there are truly few ways to survive in this country. Many Chinese people who understand this situation—as we all know—take choosing not to marry and not to have children as one of their most crucial ways of fighting back. This is not just because the sperm survival rate of adult Chinese men is the lowest in the world, which I have talked about before. That's why in vitro fertilization has even been included in social security, because there really aren't many living ones left; the survival rate is too low, caused by pollution. But choosing not to marry and not to have children is still very wise. There is no other way, because you face all-around pollution in this country: breathing, drinking water, wearing clothes, using furniture—you will just continue to be polluted.
There's no way around it, and this choice not to marry and not to have children has now been transmitted down the generations. Many people have already seen online domestically that numerous parents born in the 1970s and 1980s are educating their children in their thirties, or even around forty, advising them: under the current circumstances, it is recommended that you do not get married and do not have children. It's not just that these children themselves don't marry or have kids; their parents are advising them not to marry and not to have kids, because not marrying and not having children is the most rational choice for many people in the CCP's China. The result of this is that the CCP has produced yet another extraordinary world record. I'm always talking about world records.
This world record is the marriage-to-divorce ratio of a country under non-major catastrophe circumstances. According to the CCP's official data, in 2025, the total number of marriages registered nationwide in the People's Republic of China was 6.765 million couples, and the number of divorces was 3.973 million couples, resulting in a marriage-to-divorce ratio of 58.2%, making it the country with the highest marriage-to-divorce ratio in the world in the absence of a major catastrophe.
Many people think that the 2.744 million divorce cases announced by the CCP's civil affairs departments in 2025 represented the total number of divorces, but that is wrong, completely wrong, because there were another 1.19 million couples divorced through court rulings. Therefore, the total number of divorces under the CCP in 2025 was 3.937 million couples, against 6.765 million couples registered for marriage at civil affairs bureaus, yielding a marriage-to-divorce ratio of 58.2%. Just how high is this ratio? In everyone's minds around the world, for instance, South Korea is perceived as having the highest divorce-to-marriage rate and the lowest fertility rate, but does anyone know that in 2025, South Korea's divorce-to-marriage ratio was only 41%?
It was 16.8 percentage points lower than the CCP's—a double-digit difference of 16.8! In other words, since marriage-to-divorce ratio data began to be tracked worldwide, aside from during the pandemic when some numbers emerged—from then until now, since this metric was introduced, except for during the pandemic in 2020 and 2021 when a few tiny countries saw extreme ratios (and of course, these countries quickly recovered after the pandemic)—under normal circumstances, no country has ever reached such a high marriage-to-divorce ratio as China. A critical reason for China's extraordinarily high ratio is that too few people are getting married while too many are getting divorced.
Is this situation normal? In 2012, when our great fucking idiot Xi Jinping came to power, the ratio for the People's Republic of China was only 23.45%, which was still considered low-to-medium globally: 23.45%. Yet in 2025, before our great fucking idiot Xi Jinping even finished his third term in office, this indicator had grown 2.5 times, reaching number one in the world, and undeniably leading by a wide margin.
In 2026, this number will inevitably be broken again by the CCP itself. According to data from the civil affairs authorities of the People's Republic of China for the first half of this year, marriage registrations were 3.277 million couples, a net decrease of 262,000 couples compared to 3.53 million couples in the first half of 2025; meanwhile, divorce registrations reached 1.383 million couples, surpassing the 1.331 million couples registered in the same period of 2025 by 52,000 couples. Thus, without taking court judgments into account, the marriage-to-divorce ratio at civil affairs departments alone rose from 37.6% in 2025 to 42.2% in the first half of 2026.
Therefore, if the growth rate of divorces in courts in the first half of the year is the same as that of the civil affairs departments, it is entirely possible for the CCP to reach a new world record with a marriage-to-divorce ratio exceeding 65% in 2026. This is an optimistic estimate, assuming we do not see a clear recession in the first half of 2026, but do see a clear recession in the second half of 2026 across political, economic, social, and diplomatic aspects.
If we are not optimistic, we all know that the marriage-to-divorce ratio, marriage, and fertility markets in the second half of the year will certainly be much worse than in the first half. Therefore, in this situation, everyone can see that the marriage-to-divorce ratio and newborn data for the CCP's China in 2026 will likely be the lowest since the founding of the People's Republic of China in 1949. Marriage and fertility relative to the total population will also be the lowest in the world. As I have said before in my live streams, when the CCP acts as a slave owner in ruling this country, the result they achieve may lead to the risk of genocide for this nation.
So, if anyone is willing—I have limited time—if someone is willing, like a talented person such as 'Yi Ge Hen Ren' (a tough guy), can you show everyone your talent? Build a formula, calculate it, and present the clear results; then you will see how terrifying I am. There are five key indicator changes: one is the current contribution of per capita productivity in the CCP's China to the state, and another is the annual withdrawal from the productivity market.
The increase in the number of retired elderly and the reduction in productivity contribution, combined with the transition of young-old people into old-old people—this increase in numbers will significantly reduce the sustainability of the social labor force, because old-old people consume three to five times more social resources than young-old people. China has entered an aging society, and many people still think it's no big deal; that is because most of the over 300 million elderly are still young-old. Once this group transitions into old-old people in the next few years, just look at what this society will become.
Fourth is the contribution of new labor entering society; this is calculated assuming 100% employment, without accounting for unemployment. The last one is the impact of the stock and increment of national debt burden on the social labor force. Once you add these up and calculate, the probability is that in five years—just five years later—no matter what party rules this country, this country will inevitably face one result: total national bankruptcy.
Because once you calculate this data, you will know that even if all newly added social labor at that time reaches 100% employment, there is no way to sustain the consumption of this social labor force. There is no way; the cost of basic social operations and the burden of maintaining debt are too great. The current gap is an astronomical figure, and furthermore, we cannot reach 100% employment; there are no such jobs.
So, reaching 100% employment is absolutely impossible. Therefore, it is not a question of whether the CCP will collapse or whether it wants to collapse; just in this one area—marriage and divorce—compared to the current debt, you cannot survive for five years; it should be impossible to reach that point. The world will also be leading! Let me tell you an interesting number: according to the 13-year average compound annual growth rate of 7.24% since the idiot Xi Jinping took office—that is the compound growth rate of the marriage-to-divorce ratio. So, if the CCP does not collapse by 2032, the People's Republic of China will create a miracle in human history that is normally impossible to break.
That is, under normal circumstances, a country's marriage-to-divorce ratio exceeds 100%, meaning the number of divorces is higher than the number of marriages. If we follow the growth rate from 2020 to 2025, which is an average annual compound growth rate of 11.87%, it is actually getting faster. I am just using the average growth rate: in 2029, the marriage-to-divorce ratio of the People's Republic of China—it is 2026 now, everyone think about it—in 2029, the marriage-to-divorce ratio of the People's Republic of China will exceed 100%. In 2029, the total number of divorces in this country will exceed the total number of marriages. The net marriage population of this country will start to decline, and the total number of marriages will become fewer and fewer, let alone the number of children born.
And this trend will continue as long as the CCP is in power. Can you imagine how ridiculous this is? It's not just about national bankruptcy—that was the formula I mentioned earlier—it's that the total number of marriages in this country is getting smaller and smaller. The reason? Due to time constraints, I will explain it in one sentence: verify it using the core theory proposed by the 2026 Nobel Prize winners in Economics.
Understood, it is that human beings not only decide their consumption behavior—current consumption behavior—based on their expectations of future income, economic situation, and wealth security, which is the core theory of this year's Nobel Prize, but they also decide their marital status and fertility behavior based on their expectations of future income, economic situation, and wealth security.
A person who cannot even support themselves, how could they possibly think about marriage or childbirth? Therefore, for those in the People's Republic of China who do not marry or have children, many are likely making a wise choice now. There is no way, there is no way, there really is no way.
Paying mortgages, buying houses, having kids—the further down at the grassroots, the more rural, the more people do this. People elsewhere, just see for yourselves. What is today's topic? Collapse and demise! Next time I will explain why the demise of His Majesty is already a predetermined probability, and what the country will look like. Everyone can check out what a ruthless expert has already laid out with data. Next time I'll explain it using physics, and then you will understand the issue of the stress point—that is, why once His Majesty collapses, collapse is inevitable, and then this country is doomed to collapse! Once I explain it with physics, everything will be completely clear to you. I'll share that next time; time doesn't allow for so much today. What I want to discuss today is this.
In September, to what terrifying degree has the entire country's economy deteriorated? Let's present the facts and reason it out, using entirely public data—data that you wouldn't even imagine. Looking at five things together: first, on October 10, Li Zhong, Vice Minister of Human Resources and Social Security of the CCP, spoke at a State Council press conference. Many people were very agitated by his speech, why?
In one section, he mentioned that it is now very important for the CCP to find people through data. There are still people who have not enrolled in social security, and the CCP is tracking them down through various means to mobilize them to join. Look at the 15th Five-Year Plan from August and local policies rolled out: the Ministry of Human Resources and Social Security teamed up with police (Public Security) and local neighborhood communities to go door-to-door cataloging everyone's social security status, conducting persuasion and mobilization on those who don't pay. Some ask: what is going on here, who is the CCP targeting? Let me tell you, that part is not important.
In a moment you'll see why it's not important. What truly matters in his speech is another part. What he called the part that deserves the most attention: to push flexibly employed workers, migrant workers, and people in new forms of employment who are already enrolled in resident pension schemes to switch over to employee pension insurance instead. That is the key. Why? We all know this. We have talked about it for three or four years: by 2029, the CCP's social security pool will be completely drained. This has been discussed. What they are doing now is frantic exploitation and scraping the barrel, putting everything the common people have on the line.
Can that solve the core issue? Why is the pool running dry now? Because the over 20 million retired CCP elders inside the system who enjoy benefits from this pool won't mostly die off by 2029; they still have to receive benefits. These people alone currently consume roughly 40% of the annual social security pension expenditures. The remaining 200 million—nearly 200 million, ten times as many elderly people—have to share the remaining 60% of social security outlays.
Those 20 million inside the system—most of whom never paid into the system—enjoy 40% of the total outlays, which will soon likely reach 50%, a full half of the expenditure. Meanwhile, the remaining 90% of elderly people can only make do with that 60%, which soon will probably drop to half as well. Why hasn't this pool emptied yet? How is it being maintained? It relies on massive annual fiscal subsidies from the CCP. In 2023, they pumped in 2.4 trillion yuan. Once that was spent, did they pay in 2024? They kept paying, injecting 2.8 trillion yuan, a year-on-year increase of 8.3%. In 2025, will they pay? They'll keep paying, allocating nearly 3 trillion yuan, a year-on-year increase of 10.8%.
3 trillion yuan! In 2025, the total national fiscal revenue of the People's Republic of China is 21 trillion yuan, and social security subsidies account for 3 trillion. This money is pure expenditure with zero return and yields no social utility, yet they keep pouring it in year after year. Think about that: nearly 9 trillion yuan spent in three years, and they still have to keep paying, yet the pool is still emptying.
However, they can no longer afford it. Subsidizing this deficit at such a rate, they simply won't have the money to sustain it, because all the subsidy money the CCP provides goes into social security deficits, all carried as debt by the CCP Central Government. This debt has already ballooned beyond comprehension. As we know, the debt acknowledged publicly by the government has exceeded 100 trillion yuan, and more and more areas require debt financing.
For example, before 2025, there were still provinces and centrally administered municipalities under the CCP that maintained fiscal self-sufficiency—meaning their own fiscal revenues could cover their fiscal expenditures. But by 2026, not a single one will be left. Every single province, municipality, and autonomous region across China will depend entirely on the central government's fiscal handouts to survive. Not a single place will achieve 100% fiscal self-sufficiency; all fiscal expenditures will exceed local revenues.
To what extent has the CCP Central Committee run out of money? We have mentioned this before: when major banks teeter on the verge of collapse, the Ministry of Finance must step in with subsidies; everywhere is begging for money. Local fiscal transfer payments also rely on money subsidized by the central government, and all this money is borrowed. Consequently, the 15th Five-Year Plan has set a remarkable historical precedent since the founding of the People's Republic of China: before the plan kicked off in 2025, the state rolled out various consumer subsidies such as trade-in programs.
Yet by 2026, the launch year of the 15th Five-Year Plan—a plan whose top priority is boosting consumption—the subsidies and funding allocated to consumer sectors will be drastically slashed compared to 2025. They genuinely have no money left to give. When it wasn't the focus of the 15th Five-Year Plan, they still had funds for subsidies; once it became the focus, with numbers crashing and retail sales collapsing, they ran out of money and could patch it up no longer.
However, they cannot let those retired from within the CCP system receive less money, because these people are the core of the CCP rogue slave-owner party and the foundation of the regime's stability. If their pensions are not fully paid or are delayed, then those currently within the system will also face delays. Who within the system would still have hope for the future? They would absolutely stop working for the CCP. Therefore, the CCP must grit its teeth and pay these people, but the treasury is empty and cannot afford it. What to do? We can figure it out. The policy released after a year of discussing the 2026 major trends, which we have talked about, is that exorbitant taxes and levies are just crazy exploitation of the common people.
To maintain the social security fund pool, there is no other way; they have already tried many tricks. This year—it's all this year—there have been delayed retirement, self-funded pensions, personal pension insurance, mandatory insurance for freelancers, and a whole bunch of other exploitative measures. But the money is still far from enough; the big chunk is missing. So everyone understands that the purpose of this speech by the Ministry of Human Resources and Social Security is to tell everyone: I am going to exploit you even more crazily, and I am going to establish a basis for this exploitation.
Because urban and rural resident social security is cheap, while employee social security is very expensive, so what does it mean to make freelancers and a whole bunch of other people—migrant workers, listen up—all new employment form personnel must switch to employee pension social security? This is the core. Some people ask, why isn't it the core to make everyone who hasn't paid social security pay it? Because they don't exist.
The goal is to make these people all pay crazily. Yes, so why don't they exist? Because the Ministry of Human Resources and Social Security's own public data says, "1.079 trillion people covered by the People's Republic of China's basic pension insurance." Remember this number: 1.079 trillion, the CCP's own words. Now, there are 140 million elderly people in China who no longer pay social security, have never paid, and are now retired without paying; there are 230 million children aged zero to fifteen. These are official figures. Adding these two parts together, that's 370 million people.
So, does everyone know that according to the CCP's own numbers, 1.079 billion people covered by basic pension insurance plus 140 million plus 230 million equals 1.45 billion people. This fucking number exceeds the total population of the People's Republic of China. Can you make these elderly people pay again? Can you make children under fifteen pay? Therefore, if 1.079 billion people in China are really covered as the Ministry of Human Resources and Social Security says, then there is no one who is not covered.
Unless this figure of 1.079 billion is fake, so this Minister Li, isn't he fucking lying with his eyes open? Ah, many people are not covered, and they are trying to find people through various means to mobilize them to participate. Are these people ghosts or monsters? You claim every day that 1.079 billion people are covered, and there are so many children—just the children alone are 230 million, I didn't even count those sixteen or eighteen, just children under fifteen are 230 million—and they don't even have jobs.
So these people plus your 1.079 billion have long since fucking exceeded 1.4 billion. Where did your uncovered people come from? Who are you asking to pay? And saying many people are not covered, isn't this lying with eyes open? Unless your 1.079 billion is fake. I will say it again. So even if we assume it is true, what is the purpose of his speech? It is aimed at those paying the urban and rural resident pension portion. Also, according to the public data of the CCP's Ministry of Human Resources and Social Security, out of the 1.076 billion insured, 547 million participate in urban employee pension insurance, and 529 million participate in urban and rural resident pension insurance.
The purpose of this speech is to make the 529 million people who pay for the cheaper urban and rural resident pension insurance pay more money, and pay for the more expensive urban employee pension insurance out of their own pockets. The pool is empty, so they are forcing these people to pay, filling the pit with their own blood and sweat, putting it into something that will never be given to them.
Remember this, among these 1.076 billion people, the top 5% will retire by 2029, so more than 95% of the people, except for those within the system, will absolutely never receive any pension. But the CCP is pushing all its problems into the future, just pushing them back, not caring at all. So by that time, whether they give you food stamps or flour stamps, we don't know, just like housing vouchers, if they don't give you relocation fees, then we don't understand. But the pool is already empty, and you might be told to take your vouchers to a specific fucking supermarket or somewhere to get some things; there might be no pension, but right now, your real money must be given to them.
And in these few years, as long as the system is established and big data puts all the data of the cattle and horses into it, then in the future, forcing you to pay social security will not be a voluntary act at all; if you don't pay, you will all be thrown into prison. At that time, Chinese people will have to pay whether they want to or not. Therefore, the core of the Ministry of Human Resources and Social Security's speech, remember, is to make all urban resident social security switch to employee social security; this is its core.
Otherwise, that 1.079 billion is all fake. So everyone understands, right? You can't lie, because the total of 1.45 billion is more than the population. This is one thing. The second thing is that the State Taxation Administration has issued a notice and regulation that starting from November 1st, all employers in the country that have situations of not paying or underpaying social security will be fined one to three times the amount of the unpaid amount for overdue payments, and this time the period is a three-year retroactive audit, for not paying or underpaying.
The purpose of this move is the same as the one mentioned above, because the social security pool is empty. They are issuing another one, requiring all employees and all urban and rural residents to pay into the employee social security fund. This money is definitely still not enough, so they have to force and coerce those who have already paid—according to them, over 500 million people have already paid into the employee social security—to continue making supplementary payments. To what extent can they exploit enterprises? According to an article published last month, on September 14, 2026, by Yicai, titled "Steadily Promoting the Social Security Contribution Base."
The average contribution rate for enterprise employee pension insurance for listed companies in the CCP's China in 2024 was 10%, and 80% of listed companies did not pay social security based on the actual income of their employees. If these listed companies were to pay social security based on actual income, the social security contribution burden among existing listed companies would increase by approximately 60%.
Therefore, the average labor cost for all listed companies in the CCP's China would increase by 16% because you have to pay money for social security contributions. This does not include the portion that employees themselves pay; just the matching portion paid by the enterprise for labor costs increases by 16%. If you are interested, take a look at the Yicai article, "Steadily Promoting the Social Security Contribution Base," and you will understand. According to the 2024 Operating Performance Report of the China Association for Public Companies, the average net profit margin of listed companies in the CCP's China is 4.05%.
Labor costs for listed companies account for 16.8% of total revenue; this is official data. If you add a 16% increase in labor costs to this, it is equivalent to 2.688% of operating revenue. So you know, the average profit of listed companies in 2024 was 4.05%, minus 2.688%, and they are fucking out of profit—it drops to just over 1%, with profits decreasing by more than 75%, more than two-thirds. I said this, and this is not even calculating the portion that employees of listed companies need to pay in supplementary contributions.
And listed companies, as we all know, are still the group of companies with the highest profit margins and highest incomes in China. Moreover, the supplementary payment is not just for one year; they have to pay for three years. One year increases costs by 16%, so what about three years? In the future, it may extend to five years or even longer. Due to time constraints, I won't calculate more for you, but everyone understands that the pool is empty. This is a regulation, let me say it first: if you don't make the supplementary payment, you will be fined and charged late fees, and if you still don't pay, you will be fucking arrested for tax evasion.
Why? Because the CCP is really about to face a major crisis. The money in the social security pool is gone, and the central government's fiscal revenue can no longer cover the transfers; the gap is getting bigger and bigger. In three years, it went from 200 billion to 300 billion, two trillion to three trillion—the gap in the pool is getting bigger and it can't be filled. There is too much debt here, so what to do? Scrape the bottom of the barrel from society, scrape it from the common people; all urban and rural residents must pay for employee social security, and even that won't fill the gap, so they make all the enterprises that have paid...
Make supplementary payments. The average contribution of listed companies is only based on 10% and they haven't even paid the full amount; the vast majority do not pay the full amount. So think about it, are the majority of private enterprises in society paying the full amount? Enterprises that pay the full amount have to make supplementary payments, and individual employees have to make supplementary payments. That is to say, whether it is urban and rural residents converting to employees, or those who have already paid for actual work, everyone—enterprises and individuals—is paying all over again.
Then think about this country; we are not even talking about central enterprises or state-owned enterprises, how many private enterprises can still survive? You think about it, how many can still survive? This is killing the goose that lays the golden eggs. How tight is the economy? Why do I say that if the economy wasn't in such a dire state, would the CCP be able to come up with the money to fill this social security pool? Although it is about to be empty, how desperate must they be to realize that I no longer have the conditions to fill the social security pool? And how desperate must the social security pool be for them to do such a thing as killing the goose that lays the golden eggs?
For everyone to switch to employee social security, what kind of social unrest will that cause? For all enterprises to make these supplementary social security payments, what a terrifying blow it is to the economy. The key is, what is the survival status of these enterprises that have to make supplementary social security payments? That's the third issue. According to data from the National Bureau of Statistics of China, publicly available data shows that as of the end of August 2026, the total amount of accounts receivable owed to large industrial enterprises nationwide reached 29.48 trillion.
A year-on-year increase of 9%, with enterprise debt at 115.44 trillion, a year-on-year increase of 7%. Everyone knows these are large-scale enterprises; do you know what the concept of 29.48 trillion is? The entire national fiscal revenue for the whole year of 2025, the total for the People's Republic of China, was 21.60 trillion. These accounts receivable alone are 29.8 trillion, which is 40% more than the total fiscal revenue of the entire country.
In 2025, the total GDP of the People's Republic of China for the whole year was 140.19 trillion. The total volume of commercial activity in the entire country in 2025 was 140.19 trillion, and accounts receivable were 29.48 trillion, accounting for 21.03%. So many people say that the national GDP growth and import/export trade growth on the books are all fucking fake, do you understand? This is the data from the Bureau of Statistics; what is growing is all accounts receivable. What is this? Raw materials have been brought in, goods have been sold, labor has been expended, but the money isn't coming back.
Don't just look at GDP growing by 5%, accounts receivable increasing by 9%, and liabilities increasing by 7%. The revenue you see on paper actually means that the more you work, the poorer you get; the more you work, the poorer you get. Doesn't this match what was said before? Paper revenue is useless, and now you know why their social security is collapsing, right? Because this country's prosperity is entirely paper prosperity.
According to the National Bureau of Statistics data, released by the state itself, it's fucking 30 trillion. That means you have revenue on paper, but you can't collect your accounts receivable; there is no cash. But think about it—these are large-scale enterprises, with state-owned enterprises and central state-owned enterprises included, and even for them, collecting debts and getting loans is much easier. So what is the situation for private enterprises? Except for white-glove private enterprises, why the fuck are people still starting private enterprises? I think anyone running a private enterprise or starting a business now is truly seeking death. It's like, with policies like this, exorbitant taxes and miscellaneous levies are all slapped on you. Whether you make money or not is unknown, but you can't be short a single penny of what you owe—if you're fucking short, you go to prison.
And there are still people who dare to run private enterprises? I can only say I admire them, I really admire them! In the end, they will all share the same fate as Tang Ning and his lot, just wait and see. Ah, if you run an enterprise, if you don't die, you get injured or taken away—isn't this seeking death? It is the most obvious, the absolute most suicidal field—doing private enterprise in China, yet people still do it. Wow, I don't understand, I really don't understand. Moving on to the fourth point, look at how terrifying running an enterprise is! Data released by the CCP National Bureau of Statistics on October 14 showed that in September, PPI rose by 5% year-on-year, and CPI rose by 0.9% year-on-year. Looking at these numbers, some people still say, "Oh, the Chinese economy is going to be great, inflation, prosperity!" Do you even dare look at these numbers when they are spelled out?
Due to time constraints, I won't analyze it in detail for everyone. I'll just mention a few figures, and you'll understand. In September, the purchasing prices for industrial enterprises rose by 6.9%, while PPI only rose by 5%. The PPI for upstream means of production rose by 6.6%, 6.5%, 6.9%, 6.5%, while the PPI for consumer goods only rose by 0.1%, and the final CPI rose by 0.9%. Do you understand what this means? It dropped all the way down from 6.9%.
That means right at the start, imported raw materials at the initial stage were up 6.9%—it varies by enterprise, but that's the average here. But by the time it reaches the production and manufacturing stage, it's 6.5%. What does that mean? They have to lower prices even after spending more money on procurement. Yet at this point, they don't dare raise their factory-gate PPI, and most of what they produce is bought by means-of-production enterprises. In the end, it's only 0.1%, meaning they dare not raise prices even more. Profits were already razor-thin, with a pile of factory overhead and hassle.
On top of that, they still have to back-pay social security, but all price hikes have to be absorbed along these stages, resulting in a final CPI of only 0.9%. Why? Because nobody is buying things anymore; even at this price, stuff won't sell, so who the fuck dares to raise prices? Look at phones raising prices—look at what a fucking pathetic mess their sales are right now! Except for Apple, other domestic phones are diving. Look at the sales diving over these past few months, car sales diving—and they dare to raise prices?
So when someone tells me, "Oh, PPI is rising," I say, "Are you a fucking idiot?" Analyze it—you have to look from the very front end. Raw materials over there are skyrocketing because energy prices rose; oil and stuff can't get in, energy prices skyrocketed. But as price hikes trickle down, why? Because central and state-owned enterprises still have to survive and keep operating, but they can't collect accounts receivable and can't absorb the price increases themselves, while social security is still fucking being audited retroactively with a vengeance. Who do you think is running enterprises in China right now? Except for central and state-owned enterprises, and private enterprises that are white gloves like Huawei, don't you think everyone running an enterprise just wants to die? Doesn't everyone running an enterprise just have a death wish?
Let's analyze the data. If anyone wants to debate me, we can debate publicly. So regarding the fifth point, the result is very clear to everyone. In the social financing data for September 2026, total RMB loans fell by 16.3% year-on-year compared to last year. Ah, calculate this total loan amount: total corporate loans fell by 21.3% compared to last year, household loans went from positive to negative, total RMB household deposits fell by 18.9% year-on-year compared to last year—just now household deposits were negative 29%—and total RMB deposits fell by 19.9% year-on-year. Everything is negative, everything is collapsing right now.
The core of a country's economy is fucking enterprise, it's the economy, followed by finance. Are they leaving any way out for enterprises now? Ah, finance isn't leaving any way out either. Last time I talked about the number of bank failures.
So just think about it—this is the current reality, this is the reality in September. Does everyone understand now? Ah, the State Taxation Administration recruiting civil servants is to collect money, which is normal—it's to scrape the land for money. But that money has to be generated first, fucking hell. So when people tell me how good the economy is here or there, I don't even know what to say. If you're a Little 50 Cent, I don't want to say anything to you because you came out with a mission; if you don't smash your keyboard like that, you'll be sentenced to more prison time. But if you're a Little Pink, now these numbers are out.
You fucking barely made it out in September alone, and what else can you even do? Just think about it, just think about it! How are you supposed to survive? How are you going to keep living? That's why I say right now, whenever media reports say how great China is at this or that, people just unleash curses below—as long as the general public is allowed to comment, right? And then they claim things abroad are terrible and no one cares—does it being terrible abroad have anything to do with you? Even if people abroad are fucking eating shit in the streets, does that have anything to do with you eating shit right now?
Does what other people eat affect whether you're eating shit or not? It doesn't affect it at all, so there’s no way around it. "Enterprises made so much in foreign exchange!" Oh please, what did they make? Don't you understand accounts receivable yet? Just looking at this number, leaving aside all other reasons—and there are so many reasons! Let me tell you, there are so many reasons, but just seeing accounts receivable, you still don't get what it means? We talked a lot about foreign exchange before; do you all know what accounts receivable means? On the books, it's recorded as revenue, but what about the actual money? Raw materials were sent out, products were sent out, staff were sent out, but what about the money? It can't be recovered.
Revenue was booked, sure. So what's your current situation? Look at foreign data, look at loans given to the poorest countries in the world right now. Originally it was a 10% share, while 90% was provided by the World Bank and IMF. Now, 60% of the credit to the world's poorest countries is provided by China, and the probability of them defaulting on the debt is over 90%.
So just think about it, what is he doing? What are they all doing? Right? Ah, what's their average level of education? Did you understand? Of course. Those who frequent this channel only come because they understand, because what I talk about is not vulgar, not watered down, not just chatting idly with everyone. Many of the things I discuss require a lot of foundation to understand. It's been this way for years, so basically those who listen to me regularly are people with a foundation. So never mind the rest, collecting pensions is total bullshit! The state has gone bankrupt; even if it hasn't, by 2029 you will have no money left to collect, unless you are inside the system.
By 2029 at the latest, based on what the Chinese Communist Party (CCP) has already done. When we talked about this back then, at the very beginning three or four years ago there were no housing vouchers. I said back then there were no housing vouchers, and I was a jinx whose predictions came true. I said the CCP would just print IOUs for you, make you go to designated locations to do things, give you neither goods nor money, and tell you to redeem things at designated locations. I said it back then, and then when housing vouchers came out, you understood. No demolition compensation, you just take this to swap, and you even have to pay out of your own pocket.
And what comes next? Next, when you fucking retire, you've paid in real gold and silver for so many years, but when you reach retirement age, there's not a penny. After 2029, what they give you will also be IOUs. Every month you fucking take the slip to the supermarket to collect ten fucking barrels of oil, and they value each barrel at 500 yuan, ten barrels are 5,000, and your pension is gone. Definitely, because they have no money, how the fuck are they going to solve these problems for you? But right now, they still demand you pay in.
And in the future, even if what you collect are all IOUs, you cannot pay a penny less. Don't pay, and suddenly it's all criminal cases? Of course, the CCP won't be able to sustain itself for that many years, which is our blessing. Just look at the speed of the current collapse; it can't sustain itself, it just can't sustain itself! There's really no way around it. When a new nation is established, the common people will become residents of the new nation. A new government will rise to do debt restructuring. Why does the CCP have assets in so many places around the world? Haven't I told you? In the UAE alone, from what I know, there are trillions. Pull out all the overseas assets of the Chinese Communist Party around the world, from institutions to individuals! All the debts of the Chinese people could be paid off, and the nation's baseline conditions could increase two to three times over, without any problem at all.
Wealth does not vanish into thin air, do you understand? As for the corruption of the Chinese Communist Party, individual corruption is just the small end. Do you know how much these central state-owned enterprises and SOEs hold overseas in private, behind-the-scenes assets? Astronomical figures.
Left unmanaged, these things sit there. In future debt restructuring, taking the inventory list and seizing it all back, sell what should be sold, do what should be done. China's problem is not the same as Japan's back then, which means China has massive assets that can be restructured. Across the entire world, the corrupted wealth of the Chinese Communist Party exists in massive quantities. Ah, there is still hope for us Chinese people, understand? Ah, when Xi steps down, it will definitely collapse. Look, let me explain the principles of physics to you; next time I tell you, you'll understand. Study load-bearing points. What was the structure in the past? A comprehensive structure with multiple load-bearing points.
When Deng was in power, there was still a group of elders, do you understand? When something went wrong, it was a multi-load-bearing structure. What is collective leadership? Physics. Deng Xiaoping was great, but Xi Jinping is a fucking idiot, yes, a fucking idiot. Everything is accountable only to him, and all the force is concentrated on a single point. Why is it that if he falls, the CCP will definitely collapse? Many people say it won't matter who comes to power; Xi Jinping will inevitably croak, and after Xi Jinping croaks, the country will inevitably collapse.
Understand? A building, an architectural structure—just study mechanics and you'll know why it's bound to collapse. Any recovery or reconstruction will be utterly impossible. The country is bound to splinter into many pieces, perhaps a federation or various systems. Ah, a unified empire can no longer exist, a unified empire can no longer exist, do you understand?
Tang Ning of CreditEase is useless; they will all take the fall, they will all get in trouble taking the fall. Back then, when I was in the CCP, both CreditEase and Noah Wealth sued me; they sued me domestically in China. I said that everyone working in finance is a fraud, everyone in finance is a fraud. I named them directly, those staying inside China, and I said how they were running their scams. Then these institutions all sued me. I'll tell you about it when I have the chance later—back then in China, with this big mouth of mine, why did I run away having offended so many people? I called them out by name in too many places, saying how much of a piece of shit, how much garbage their projects were, and people from many institutions cursed at me.
Without the United Nations holding the line, it's impossible. It can only be some caretaker institutions forming some temporary bodies. The UN formed internationally can take the lead, but the UN won't take it over directly. The UN can lead, but it won't assume the debts and liabilities, and then within a joint organization formed by the UN with many international countries participating, the country undergoes restructuring, yeah.
Uh, the product hasn't been written yet, and AI will still take some time, at least a few months. Noah is fucking useless! When Noah got into trouble back then, the underlings took the fall for the blowup. Take a good look at what kind of trouble Noah got into back then, how many families were ruined and broken by that lawsuit with JD.com, take a good close look! How they pushed the blowup onto those below and did wicked things.
To scrape by, it must have the conditions. It's not about the fucking Chinese Communist Party, nor is it about ordinary people staying silent; it must be able to keep this country running, and this is the scariest part. But when all enterprises are failing, what will this country rely on to keep running? No country has ever existed that could sustain the entire nation purely by having the central government print money, default on debts, and borrow money—this is impossible. What does this country rely on to sustain it? Now the European Union has made it clear, and the United States has also come forward, specifically targeting China. Oh, next time I'll tell you why someone talked about why this situation occurred at this APEC summit. I just don't have enough time; every year, every time it's the same, I don't have time to tell everyone.
Why talk about Xi Jinping's health? It also stems from this reason. Someone mentioned that the APEC ministerial meeting was changed to an online format. Health—let me tell you, I don't have time to elaborate now, but let me tell you, one reason the closed-door summit of heads of state was canceled was due to health reasons, this is Xi's health, this is confirmed. The second cancellation, the ministerial meeting, was because all the ministers across the world might have launched a collective assault against China during this in-person ministerial meeting. Do you understand?
That is why China attached super high importance to this November APEC summit. So why was the scale drastically reduced, and why did they do this? It is precisely because of this reason. Do you understand? In the past, without an epidemic or major international disaster, it was impossible to change it into an online virtual meeting. Now, canceling the joint online meeting of foreign and trade ministers is precisely to avoid this scenario, out of fear that the entire world would form a comprehensive strike against the Chinese Communist Party (CCP)'s international dumping model—this model of dumping overcapacity across the globe—at the APEC summit.
This is a matter confirmed through Chinese diplomatic and intelligence channels, do you understand? A confirmed matter. Uh, if they hadn't done this, during the meeting of foreign and trade ministers, a massive collective pressure shared by the whole world might have emerged concerning conflicts arising from China's disputes in international trade.
As for the specific pressure: on October 7, trade representatives from 15 economies jointly signed a document jointly pushed by the United States, demanding the elimination of structural overcapacity and non-market policies that lead to excess production. The signatories included the United States, the European Union, Japan, South Korea, the United Kingdom, Canada, Australia, India, Mexico, etc. It was signed on October 7.
Now you know, right? So if an in-person OPEC/APEC ministerial meeting were held this time, the Chinese Communist Party (CCP) would face unimaginable pressure. If held in-person, there would be frequent side engagements outside the formal sessions, forming small-scale and large-scale consultations, turning what should have been bilateral trade disputes between China and individual countries into a multilateral trade dispute confronting the entire world collectively.
Then, these attending institutions might apply direct political pressure on China as the host country through joint declarations, joint press conferences, and other methods. And after assessing this, the Chinese Communist Party (CCP) found it had no way to cope with it. Uh, does anyone know about this? About this APEC summit, let me tell you, this summit was originally the single biggest and best opportunity for CCP China—in its current dismal state—to connect with the world and promote CCP ideology.
But what the CCP did turned it into something where, besides eating a meal, everyone meets up, chats over tea, and then disperses after eating. The two most important activities—the closed-door meetings between heads of state and trade negotiations such as dual-ministerial talks—the two most important APEC events were both completely ruined by the CCP: one was canceled, and the other was changed from offline to online. Ah, the reason for canceling the heads of state meeting was due to Xi Jinping's health. Um, as for changing the ministerial meeting from offline to online—if you canceled it again, APEC wouldn't even happen—so why change it to online? Everyone had already arrived, yet it was still changed to online, precisely because they feared that a joint impact against China would ultimately be formed, especially, as I said, this 15-nation agreement is the biggest problem.
Alright, ah, so since it couldn't be held, switching to online was much better. No one could see anyone else, there couldn't be a joint press conference, nor could there be a joint statement. So online, there was no way to let the CCP exert pressure normally; they couldn't deal with it, China could no longer deal with it. Ah, ah, I've talked so much today, talked so much, ah. Due to time constraints, I won't chat with you all much longer, alright? I won't talk further with you, as long as everyone understands. Thank you everyone for spending so much time listening to my bullshit, but have you witnessed the speed at which China is collapsing? Was my prediction for 2026 accurate? Was my jinxing mouth accurate or what?
At the beginning of 2026, I said in two years you would see it. In this year of 2026, how will it collapse at a rate visible to the naked eye? At the beginning of the year, no one believed it, right? At least many people didn't believe it, right? Now, with the CCP nation in such a condition, in such a crazy state, haven't many of you already come to believe it? Moving toward 2027, can you imagine that before the fourth quarter of 2026 is even over, it's already like this? Can you imagine what a terrifying sight 2027 will be? Everyone will see when the time comes, alright? Everyone will see when the time comes, ah. Well, thank you everyone for taking so much time to listen to my bullshit! I wish friends in China a sound sleep, and overseas friends all your dreams come true! That's all for today! Thank you everyone, thank you, thank you everyone, ah!