More signs of PRC's uncertainty

In light of the PRC's claim that the revenue of firms with annual revenue over ￥20M saw a revenue increase of 6.8% YoY in May, take a look at this post that is consistent with anecdotes I hear all the time. 

This site is the Chinese version of Quora. 

Question: "Why do I always feel the end of the world recently? Do you have this feeling?"

Someone who claims to be a young bank loan officer gave the most popular answer that has received over 10k net upvotes in a few days. 

I will translate a few points for your convenience.·

As a loan officer, he deals with his bank, govs, and all kinds of businesses and consumers, so he should have a panoramic view of the economy. The following are just summaries of a few of his informative observations. 

He has been having high anxiety recently.

As a loan officer, his primary job is writing reports for regulation agencies instead of lending money. He would be summoned by executives constantly if he wrote the truth, so it is a very tough job.

Most loans are uncollectable. The majority of loans are short-term turned long-term ones, like snowballing. To avoid exposing risks, technical tricks are used to label nonperforming loans as performing loans in his bank.

The ultimate culprit is real estate. 

It is very difficult to sell mortgages. Some large new apartment compounds sell only a few in a year. Foreclosures are skyrocketing.

He inspected a loan that uses a retail space in a mall as collateral. Only the 1st floor of the mall has a store -  a supermarket, the 2nd to 4th floors are completely empty, like a ghost city.

This is a year with tremendous uncertainty for the PRC.