@@yihongchen-e3p If 90% Chinese don't own more than one property, there won't be housing crisis in China now. I would say majority of the Chinese born in 60s and 70s in a city have multiple properties, and now the bubble is about to burst due to a shrinking population, cooled off economy and all the housing inventories.
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
As someone senior in the CCP said: "GDP numbers in China are largely man-made", so why not boast of 10% yearly like they did before? It's not like some independent watcher will ever contradict them.
People over hype the "man made" statistics. They definitely inflate their growth numbers, but people negatively exaggerate China's numbers whilst using the fact that the CCP makes up figures as their excuse.
Because it's dumb? Duh, people would still kind of believe if you nudge the number a little, but when you blatantly double the number, you basically admitted you were lying the whole time, it's not like expert economists don't make predictions based on economic activities.🙄
@@chidera66They grew 3% during their Zero COVID policy. Also there is a slowdown in global economy but at least they are not hit by a record high inflation like the u.s or a recession with 2 consecutives negative growth like in EU.
You have to understand that for a Middle Income economy 5% and slowing is disasterous. Chances are its heading for a lost decade and the trend will continue. It will not be a high income economy under this regime.
Yeah, your off. All GDP is not created equal... while it's usually a measure of output for most economies, it's an input for China. The government sets targets and then uses debt to spend on as much as it needs to reach that growth target. So it isn't actually growing on it's own, they are forcing the numbers up to an insane degree just to keep things afloat. Now, a lot of governments use debt to boost their economy. The problem is with the way China does it - they spend the money on the supply-side, not the demand side. To put it simply - much of the growth from that GDP doesn't go to the people. It goes to unproductive assets and oversupply of goods. The people aren't feeling hardly any of that 5-6% you speak of, but it allows people to go on youtube and say "Look! It's growing at 5-6%!"...while much of the country suffers.
Because there is no real growth, you have decline in foreign investment, real estate, domestic consumption, exports so how is growing?? Those numbers are for idiots to chew.
@@freemanol Tell that to the Chinese people who got out of property and don't earn 1-3$ per day anymore, like 15-20 years ago. Or to Africans who never got out of poverty.
@@TheKkpop1 If im not mistaken, the world bank just goes off of the data that china reports. There's some evidence, although not rock solid, that china's GDP is slightly inflated.
Does someone still believes in the official economical reports? There are multiple contradictory data points in the economy. From the outerspace lights data, official figures from card and digital transactions that don't match consumer spending, a bubble in real estate where they have built over 600M residences for a 5B people capacity and export are crashing down so does the foreign investments. Many of these things are self inflicted which is sad. As an investor I would be very careful with form of investment in China, since not even bonds would be safe and secure at some point. There are a cultural tradition of data reports "embellishments" in many countries and China isn't spared by it from the local provinces to the top central administration.
It's the same in indonesia. Ppl are spending less. Retail hasnt recovered yet. Travel spending increase yes, and that takes away the budget to spend other premium / luxury products
Shockingly, poor information. Let's go over some inaccuracies. 1 China isn't growing, it's contracted by almost 6% this year so far. If you want to believe the official numbers then I'm not sure what else to tell you. 2 unemployment between 18 and 45 is at 55%. 3 the housing bubble is at 90 trillion yuan. 4 even civil servants have taken pay cuts, some up to 50%. Lastly, 5 the banking sector is collapsing. Just look at the agricultural banks for example, unable to pay staff, closing branches and they're out of liquid cash. China isn't slowing.. it's collapsing. Edit: let's add the real size of china's gdp is about 8 tn, nowhere near 15tn .. and to all the little pinks / 50 cent army .. keep drinking your gutter oil 🛢 lol
Are you joking? 55% means that half of the working-age population is out of work, which country has such a high unemployment rate except those countries that are in turmoil, then why is China not in chaos? I am from China and the unemployment rate is much lower than 55%.
This report is altogether too positive. Bank salaries have been slashed, youth unemployment is officially over 21% and likely considerably higher. This is an underappreciated issue. The well-known Chinese demographic problems ought to imply demand for labor that easily overwhelms supply but this is clearly not the case. So, China has a structural undersupply of labor yet it is unable to employ the labor supply it has. This is extremely problematic. Expect to see the Chinese economy collapse in the near future.
Absolutly agree, its crazy they skimmed all of those things, truly dissapointing journalism as i could find this out so easily as a guy who find work with machines and not words. Like they gloss over issues with taiwan and chip trade bans, thats a huge factor, its like that dont wanna acknowledge how agressive they are to with military tech theft and projection...
"In the near future", according to the old norm of the past 3 or 4 decades, means something Not In Your Lifetime. This time is probably no exception, for a 5%+ growth already counts for ~30% GDP growth of the whole world.
@@2909dk True enough. The true horror unfolding in the Chinese economy is so vast, and covers almost every facet of that economy, so I don't expect a brief news item to cover everything. What I do expect is some caution around official numbers, such as GDP. If the Chinese economy has grown at all in 2023 then it is due to enormous stimulus efforts. Manufacturing is in decline, exports are in decline, the hosuing market is on the brink of collapse. Housing is reported as 29% of the economy, manufacturing 28%, consumption 38%. Again, I don't trust these numbers. When I was teaching in China students assured me that housing is part of consumption. This is simply untrue but it explained how they could also claim consumption was 67% of the economy. 67% - 29% = 38%. In simple terms consumption has not changed a s a% of the Chinese economy for the past decade, and how can it? The wealth is dominated by government and the very wealthy. China desperately needs to re-direct wealth from local governments to less well off individuals, businesses and families, yet the CCP is directing banks to support local governments. It's a system in its final years, perhaps months.
BTW, 20+% youth unemployment (most are STEM graduates in recent years), also suggests that no other country can ever be possible to compete with China in terms of extremely high performance and very low costs labor force, which put another way, is an unfortunate factor for China adversarials.
China can compensate for all of this... In a year or two they will dominate due to restructured social classes. Germany still can't even get itself together.
Three locomotives of the Chinese economy are all in trouble. 1. Consumers: They have spent a lot of their savings during COVID-19, and as jobs are harder to find, they mostly try to save money. 2. Exports: All the other economies are in trouble, so they import less, so China can export less. 3. Infrastructures: This locomotive has been used so much to get the economy up and running during COVID-19 and now it is exhausted. Local governments and state-owned enterprises are all very debt-ridden. The only way out is to hope that the global economy will recover, but this is hard as long as the Russo-Ukrainian War is still ongoing.
China is in so much trouble, it's just going to lap the US economy many times over in the next 30-50 years. :) Listening to US experts is like listening to apes who think they can speak a language. They're morons talking in a closet without the faintest idea of what's happening outside. :)
1. By measures, Consumers have plenty of savings. 2. That is true. Cost of living is raising for most of the world. 3. China can build more infrastructure in third-tier cities
US 2008, too much debt crashes the markets and people go bankrupt. Banks got bailed out, bankers pay themselves millions. China 2023, the government put restriction on debt and make people pay it back. Bankers all got a pay cut. Slow growth, but no crash. I don't see what the problem is.
We all know it ain’t happening. Most CEOs will be thrown out of office the moment the market sees the first financial numbers… and they got families to feed
@@wongkoewei9829 People or 'experts' who keep harping on how 'low' / 'slow' is the economic growth of China in recent years are either dumb or deliberately lying (or both). The reason is simple - the absolute SIZE of the Chinese economy today is multiple TIMES than it was 10 or 20 years ago. Hence, even an 'average' of 5% economic growth today would roughly be the same increase (in dollars amount) of a '10%' in the past. Just simple arithmetic. In 1984, China grew by 15.2%, and averaged over +10% annually through 2005, so 2023 growth dropping to a mere 5% is a big drop. Thing is, when China grew +15.2% in 1984, their economy was only $260 Billion USD (nominal), so they grew by +$40 Billion. In 2023, China's economy is $18 Trillion USD (nominal), so +5% growth adds +$900 Billion, 22.5 times greater than their 1984 growth and roughly 3.5 times the ENTIRE 1984 Chinese economy. In contrast, the USA will be lucky to add +$20 Billion to their economy, and it'll mostly be FIRE (Finance, Insurance & Real Estate) growth, rather than "real" industrial production and trade in goods. The UK is going into recession, Germany is in "technical" recession, and Japan has been ZERO growth for decades. Meanwhile, sanctioned Russia is expected to grow by +3%, faster than the USA.When people like Adrian Zeihan and Gordon Chang keeps being the nvited to talk and explain why the PRC is "collapsing", we, the informed people, can only wet our pants of laughing.
Stop expressing inferiority and pay attention, even though the United States is experiencing growth in the single digits and has created a country where people can't even go outside at night, they still haven't come to their senses.
It’s not a slowdown - they are coming crashing down, but they have zero reason to report the true dismal numbers to the world. Just like that their population has been shrinking for years, their economy is 50% smaller etc.
Population only started to shrink this year a few month ago. But i guess if i ask you to prove that China's population has been shrinking for few years I'll just get the standard answer.
I think that while everything said in this video is true, it missed the most important underlying dynamic. A lot of China’s growth has been due to foreign direct investment. However, that tap has been shut off due to high interest rates in the West. China’s slowdown in growth tracks the Fed Funds rate very well.
Bet to disagree - it's several things lumped together and the foreign investment sure did not cause the dramatic slowdown. First of all, it did not drop that much and the affected jobs are very limited. Secondly some foreign firms left due to competition, not due to politics. The 2 mentioned (real estate and confidence) are the core but the economic cycle is the third one as new biz are dwindling and internet related companies started laying off. The 4th is of course the slowing down of export.
China's foreign direct investment reached record levels last year, mainly coming from Europe and Asia and it has no shortage of capital as the excess amount has been diverted to the BRI for the past 10 years. Also, its gigantic foreign exchange reserves is increasingly allocated to gold so China is not worried.
@@rcbrascan those are CCP stats , not reputable source stats . Read any independent business publication & you'll see how FDI into China has been plummeting for awhile
Heck i havent been buying as much Chinese products or American products made in China. I really need them to lower their prices. Theyve been raising them for awhile. It might be better ti buy American or other Asian countries' products.
@@alanssshh Your comparison and fake data are irrelevant anyway because your currency is pegged to the USD🤣. Without American tech, investment, and the USD, your economy is worthless and the CNY would float away. Walk around Asia and tell me, will a shop owner in Japan, Korea, Thailand, Cambodia, etc. accept USD or RMB?
⚠ the USA dependent on CHINA ... CHINA IS THE LARGEST ECONOMY IN THE WORLD. BTW, USA EXIST ON A PONZI SCAM WITH THE FIAT DOLLAR. CHINA DEBT IS NOWHERE NEAR TEHE USA DEBT. CHINA IS a mature economy, just like the USA....should we expect the USA to have 15% GDP. IN CHINA THE GOVT RULES CORP. IN THE USA....CORP RULES THE GOVT.
The Chinese people are in a downward spiral of less disposable income, high debt obligations, and decreasing job market. So less jobs, lower income, and major home loan debt. On the macro side, the flight of corporations to lower labor cost countries, decreasing interest in new capital investment and overall an oppressive government. Corruption is ingrained into the private and public sectors so much that it saps the energy in the growth process.
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think 2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere. China's financial crisis is Here.
Traditional professional audiences have been shifted to a larger demographics due the internet. Most media make worthless contents these days, if not downright clickbaity for the mass. It's no better than amateur Tiktok or RUclipsr's video level
I wonder if they calculated the citizens strife into their economic growth. Especially with how the government in China was treating its people during COVID lockdowns.
I don’t know if that is easy to calculate, but yes, it is a real thing . everyone I know/ related to still over there, wishes they could be elsewhere. There is just a frustrated sense of “we’ve been duped”
That was an amazing 20+ year growth cycle for China, especially considering they have a planned economy and there was a massive global financial crisis right in the middle of it. Now they have hit the correction and it’s just natural that a giant growth cycle like that will be followed by a similarly outsized correction. That’s not unexpected. The concerns are does the economic downturn morph into a political crisis as well and can they right the ship before the demographic time bomb hits.
If the planned economy can make all people afford to buy food and have the ability to pay for tickets to travel, that's fine. The horror is that people don't have the option of sleeping on the street.
@user-dd2bl8rx4bнет. Экономике нужны молодые рабочие. Грузчики, водители, строители. В 50 лет ты не можешь так работать как в 25 лет. Уже через 20 лет будут очень сильные проблемы у китая. История знает что происходит в китае в плохие времена. Гражданская война с пятью сторонами
China has picked all the low hanging fruits of its economic growth, unfortunately it is increasingly becoming clear that it lacks the know-how of picking the growth that would come from specialized manufacturing life aerospace, pharmaceuticals, and high-end microprocessors...
It doesn't necessarily need to master all high tech industries. In terms of semiconductors, China can continue dominating the legacy chips which are used in everyday life, but having an economic growth model which is unsustainable is the real issue.
@@J_X999 Except China wants to be a rich country, not a middle income country, and for that to be realized they need to master the cutting edge of technology.
The tech crackdown also triggered the rich moving O/S and $ in the trillions going with them. There is also a tax crackdown of high net worth individuals which added complexity to the problem. And rumors of a property tax which most think is inevitable due the local govt finances , which dampen the property mkt even further.
Which countries that have lowered property taxes post Covid? Please humor me. Not sure why that moves were seen as a big surprise.. The night Biden was crowned on National TV, I realized the first step this old crooks would do.
@@rolfw2336 Well all the tech companies lost US1T in value , then they fired a few million workers., then cancelled hundreds of projects - ofc it hurts sentiment overall.
"dampen the property market" ha ha ha... How about crater and soon be subjected to a $10 trillion++ wipeout... That's not billion that's trillion... All those homes that were purchased will never be lived in?... they will just be pulled down.
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
The US and the Western nations are predicting China economy growth is slowing down but they also forgetting that their own economy are slowing down too. Especially the US debt ceiling are increasing, it's adding $1 trillion every 100 days and this are even more scary 😢😢😢😢
I think is a 'copium' explanation of the prodigious failing of the Chinese model. As China turns inwards it has very few middle income consumers to fall back on. Shanghai has flushed out its foreigners and looks like a ghost town and business relationship have wither on the vine over the last 3 years?
ChatGPT trained on 1923 data would come up with better senseless words stringed together. Also, don't wish too hard, they do have a fallback: militarization.
Before I left China in 2015, I sold mid you high end US furniture fabric to them for their domestic market, it was cheaper to produce in many US cities/industries. The reason it wasn't in the US was due to factory infrastructure. The US used more high tech methods to lower labor cost below China, but it would cost billions to move back to the US.
China, US and Europe slowdown could erase $50 Trillion Debt Bubble in the world and can cause big depression than that of 1930s. There will lot of capital trimming, trade trimming and recognition of unrealized losses sitting in most of the banks across the globe. VC will take a hit. Salries and Pensions would decrease by 50% and global growth will come to a standstill in the world.
The rest of the world slowed. While China is still growing albeit at a lower pace. So there is nothing wrong with China. It is the world that is tapped out.
5% if you believe their targets...and creatively accounted achievements. Even that is a painful slowdown from the expectations and financial plans of the median Chinese resident.
Walmart is 80% china. Amazon is 60% china. Walmart is now the largest online retailer in India. India and China are partners. China's growth is expected to be DOWN to 5%. Hard to count them out.
Its all about population growth. Its really hard to grow an economy with a shrinking population. Current projections expect China's population to fall from 1.4B to 800M by 2100. Its over.
@@J_X999 No; its been over for about a decade or a bit more. Authoritarianism takes a while to destroy a great civilization like Chinas; give it the appropriate destruction time. For example, they have to pay "bots" to make statements like yours.
Definitely feels like it now. The PRC proved to habitually overpromise and underdeliver, and the rest of the world is hungry and willing to take what China once achieved for their own but with much more transparency. There's a reason Beijing started going "wolf warrior", and it's not because of true confidence.
Not only are they not spending it, but wages have dropped ( talk to workers in the banking and finance sector) people are losing jobs in the manufacturing and shipping sectors) and young people cannot find jobs and are moving to Africa. They have a huge problem.
Unlike their grandparents, Western youth are indulging in lgb-t , trans-g, Zombi apocalypse, beers and drugs in the nite clubs, but chicken out to venture into tremendous growth opportunities in Africa. This is a huge concern to the young population as far as socially and morally.
No, u are wrong, wages cannot just be dropped. People are losing jobs everywhere not just china. Condition of every country is almost same, just because they made a video on china dont mean they are struggling.😂😂these type of videos can be made for every other country.
1. There has been this tendency in the Western business world and among Western economists to think about China's economy in a silo, isolating it from its politics. Lots of trust offered, risks taken by the West have been based on the naive belief that politics in China would only marginally affect Chinese businesses in the global arena. During the past two and a half decades, while Chinese businesses grew and rose in the global arena, what the West has discovered is that the Chinese government would change the rules, ignore established rules, and make up new rules on the fly, as often as it suited them. (Once at a US Naval contracting forum I attended, the presenter said, "In the West, you negotiate and then sign a contract. In China, you sign a contract and then begin to negotiate...." 2. Just about everything that has developed in the People's Republic of China turned out to be a "bubble". Being in a hurry to grow, catch up with the West, and feed its population, China had to skip many steps in its development of its economy, technology, public infrastructure, defense, acamedics, and pretty much everything else. Most of the time, you can get away with skipping a step or two when you're making something (a cake, a tree house, a new business, a new military, a new middle class, a new nation). But more often than not, skipping means hollow; and hollow means easily breakable. This explains all those broken Chinese made household goods, Chinese made electronic appliances, collapsed Chinese buildings and roadway overpasses, the Chinese economy, the Chinese middle class, and perhaps even the PLA.
I remember when the crash happened in America in 2008 and we were lectured by Chinese officials that they are now the leaders of economic growth and the future... Problem is and will always be they have too many people. There are not enough jobs in any sector to employ hundreds of millions.
China is different in that its government has never had to deal with decline... and the implications towards its legitimacy. Most other places would swap out the leadership.
But surely economists in China KNEW that the economy could never keep growing at a level in the double digits? That doesn't make sense and I know nothing about Economics. No one should ever EXPECT that kind of growth to continue unabated. This is a global world and every negative thing that happens in one part of the world affects everyone else. I saw that their expected growth was expected at 7% and is at 6%-I'm pretty sure most people would be dancing if their economy grew 6% this year!! China needs to tamper down its expectations and realize that at some point the economy will reach a sustainable level that is realistic growth every year. Look at Ireland-the Celtic Tiger. Their economy finally came down to earth and China's is too.
China has a command economy that is directed not by profit but by political expediency. The party is throwing vast amounts of the countries wealth at saving face before the international market and is failing. While there is money to stuff into the pockets of corrupt functionaries the situation will continue.
China economic model may have been successful in uplifting some of the population economically, but the data from CCP can not be trusted. Complete alleviation of poverty has not happened in China. Now with the economy in deflation, expect that the poverty rate to suddenly jump up.
Haha true, next time the video title will be : ' China will be collapsing in two month' and he would publish this video every two month. Lot's of views and quick cash for Bloomberg.
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think 2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere. China's financial crisis is Here.
Nice reporting. But can we stop talking about "consumer confidence" as if that were a driver of GDP growth? Low confidence is a rationale response to low economic growth, not the cause of the low growth. Also please mention that China manipulates its economic statistics for political reasons, the 5.5% is higher than reality. Thank you.
of course, any negative reports are "Nice reporting", aren't they? these reports are automatically true and trustworthy. Bloomberg once highlighted an article on their front page claiming China has chips that monitors US servers. But experts in the chip industry have never even heard of such chips that are capable of things. Media like bloomberg can't even be trusted what can be trusted in your country? disgusting.
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think 2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere. China's financial crisis is Here.
China's slow growth of 5%, Europes negative growth/recession, US maybe recession/ maybe not. Global economy is slowing down as a whole because the easy days of 0% interest rate is over thanks to inflaction. Money printer can't to running forever.
@@Jake-lu3bp Booming with inflation? 1 trillion dollar stimulus during covid so of course the ecnomony is awash with money. That is the cause of inflation. As for the jobs, US job market is doing great, too great in fact leading to increasing bargaining power on worker side, thus leading to increased wages and then inflation. The feds were and are hiking rates for a reason. They want to take back the stimulus money out of the system and in the process causing unprofitable/zombie companies to fail, leading to job lose and excess worker in the market, while in turn leads to employers have more power and bring wages undercontrol.
1990. The Economist. China's economy has come to a halt. 1991. The Economist. China's economy will face a hard landing 1992. The Economist: China's economy entering a dangerous period of sluggish growth. 1993. Bank of Canada: Likelihood ofahard landing for the Chinese economy. 1994. Chicago Tribune: China currency move nails hard landing risk coffin. 1995. Wilbanks, Smith & Thomas: A hard landingin China. 1996. Westchester University: China Anxiously Seeks a Soft Economic Landing 1997. KWR International: How to find a soft landing in China. 1998. The Economist: The great fall of China? 1999. Nouriel Roubini: The Risk of a Hard Landing in China 2000. International Economy: Can China Achieve a Soft Landing? 2007.TIME:Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009 Fortune: China's hard landing China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, J You Got Yourself A Chinese Hard Landing 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2019. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think.
And the debt grew in the meanwhile 300%, if people would look at growth in relation to debt accrued in the meanwhile, perhaps they would be less ecstatic about what they see as a ‘miracle’. All local governments, all Chinese banks lending mortgages all tie back into the central government. So this is China’s debt and not the CCP advertised 40%. And these are the ‘official’ figures the CCP wants you to see. It is not the same as the transparency levels enjoyed in the West. We are gullible…
China has been growing drastically over the years, and according to experts, now they are just slowing down to normal pace like any other countries. They will be ok.
Decoupling or leaning towards China? Why not check that trade volume which registers positive increases with China??? You're just another western politician chanting empty propaganda.
Don’t wish just stop buying things from China, I only buy things from 9 dash contestants like Vietnam, or if I can’t do that I take options from US Allies like Mexico.
China 's economy is more innovative than America. Chinese business competition is the highest in the world, and without innovation, you can 't survive in such competitive landscape in China. What you say is repeat of some really common stereotypes of China which is false.
The world would be fine without having China as its manufacturing hub, China would be lost, meaning that its economy would shrink dramatically and all chances of China becoming a superpower and surpassing the US would be lost. China's economy grew at such a fast rate in the 1980's and 1990's because it was a manufacturing powerhouse as its abundant young population was desperate to earn money and had no qualms about working a blue collar job. Nowadays, China's young population is way less abundant and has more college graduates than ever before. The vast majority refuse to work a blue collar job, because avoiding a blue collar job was the main reason why many went to university. China's current education system drains all creativity out of the students, any of these graduates becoming an innovator of any sector is highly unlikely; so as China loses its position as the world's manufacturing hub the less influence it will have on the world's stage. As China's influence on the world wanes, the more likely the CCP is to be called out for security breaches linked to data and technology loss, which could lead to less trading partners around the world. This is a big issue, because China isn't self sufficient; domestically it can only feed 65% of it's people and heavily relies on imports from other countries. This seems like a slippery slope, I get it, but its still a very real thing that can happen. Mexico is already well on its way to replacing China as the world's manufacturing hub, it's just a matter of time.
“Mexico is already well on its way to replacing China as the world's manufacturing hub” ，Again( USA=the world) a day without arrogance is a day wasted.
China's economy didn't grew in 80s and 90s, it only begun after 2000s. 'China's current education system drains all creativity out of the students, any of these graduates becoming an innovator of any sector is highly unlikely' LOL
This is the right time to diversify the global supply chain. America and Europe must also invest in Japan (high-end), India(low-manufacturing) and in the ASEAN(low-manufacturing). Doing this will ensure cheap products the west seems to have had enjoyed.
@@rmfelias do you know how many trillion dollars the USA owes China? With a skyrocketing inflation and millions of homeless in street tents, how do u repay that debt to the Chinese? Your laugh may end up with tears 😆😆😆
@@__daddy__ Actually, China owns around 2.6% of U.S. debt, which it buys because the Chinese yuan is pegged to the dollar. It would be impossible for China to call in all its U.S. debt at once, given the different maturity dates of the U.S. securities that China owns.
@@titan133760 which parallel universe do u live in, where Chinese yuan is pegged to the dollar? 😅 You seem to not have rudimentary knowledge about international finance and make very bold statement
This is not about covid-19. What i see is more than a reaction to Covid-19 and a worldwide slowdown. It's about confidence, bubbles not only in real estate and huge hidden debt. All translate to confidence.
but china has a big population, you would think they would revenge spend like the how the west did. however, they arent spending because they lack confidence in the economy
hamm large population doesn't equal to large market. PRC has 1.4 b ppls,which 0.6b of them with income under 1K RMB per month,fortunately it doesn't have 1.4b market.
Demographic collapse is china's biggest problem. They will never get back to the fast paced economy they had during the last 40 years. Additionally they have likely overstated the growth of their economy over the last 40 plus years. Imagine if they had exaggerated their growth by only 1%. 1x40 is 40%. Their economy may be 40% smaller than what they claim it is, and some people say that it has been even more overstated. 40% of 18 trillion is 7.2 trillion which would leave them with an economy of 10.8 trillion. They are in for a long tough road similar to Japan because of their ageing population
The problem is the PRC doesn’t have the experience the FED has in handling crises. A centrally planned economy doesn’t anticipate crises like a capitalist economy and therefore acts more slowly & cautiously.
Don't worry ! China is still growing at 5 -5.5% , which is still a lot better than the US & most of the Western countries . Bloombery may need to check the Homeless , Drug Abuse & Mass shooting problems in the US , which will hit the US economy and affect all other countries eventually !
China is facing economic problems that actually affect the lives of the Chinese people. In the United States, despite the gun problems only in *certain areas* the American people still have lots of jobs and lots of spending to do.
@@nekopop8159 We're seeing growing homeless, jobless, poverty, lgb-t, BLM, trans-g, Zombi apocalypse in the US nowadays. I'm pessimistic if the US can overcome the above problems economically and morally.
Best way to damage China CCP is to review all your 401(k), pension plans, employee stock option plans, retirement plans, and look for the category ‘Emerging Market Asia.’ This mean 95-98% of this segment’s money is invested in China CCP. They try to hide this fact. Again, Emerging Market Asia = China CCP! Move ALL your money to other segments or categories that do NOT invest in China CCP. And, of course, buy as little as possible from China CCP!
no because if the chinese people spend their money, it will cause an increase in demand for goods. But you may ask why arent they spending? They don't have a positive outlook of the economy. Why should they spend when their real estate investments dropped 20% over the last 3 years? Why spend money when 20% of the youth are unemployed. Those are the people who are mostly eating out at restaurants and buying your latest tech gadgets.
@@WonderfulLidoff It is because many are jobless because of the slowdown in the West. So the West instead of being self-aware of the issues they are causing globally, from the American's endless printing of the dollar causing global inflation, to provoking the war in Ukraine with Russia. They are now commenting on the "slowdown" in China? China economy is in a way more solid foundation and state than the Americans. Living on borrowed time and money. Each president kicking the can down the road, moving on after his term.
They're developed countries. They don't need to grow. Their infra is built, their militaries are well equipped, they have more or less eradicated poverty(it's coming back but it had gone away). So they don't need 10 pc growth.
@@Rattler808 That is rather obvious. But who can reasonably expect to have 10 percent every year? A better comparison is to the peer group which are other big economies
@@bin.s.s. not even during the Covid years. It is quite impressive considering up until the 1980 there were living the equivalent of the European Middle Ages im terms of economy
The young lady said I just want to sell all my properties in hands, one by one. Well, what a poor lady. 😂
This lady is Richer than 90% Chinese people. She owns more than one house.
@@yihongchen-e3p Try 99%
@@yihongchen-e3p If 90% Chinese don't own more than one property, there won't be housing crisis in China now. I would say majority of the Chinese born in 60s and 70s in a city have multiple properties, and now the bubble is about to burst due to a shrinking population, cooled off economy and all the housing inventories.
They just interviewed one idiot, who can't stand for any other citizens.
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As someone senior in the CCP said: "GDP numbers in China are largely man-made", so why not boast of 10% yearly like they did before? It's not like some independent watcher will ever contradict them.
Do your double entries to verify China trade and gdp. Do you study accountancy?
Get a brain,will you???
People over hype the "man made" statistics. They definitely inflate their growth numbers, but people negatively exaggerate China's numbers whilst using the fact that the CCP makes up figures as their excuse.
This "someone" quoted by "someone" and referenced by "someone" in Twitter where "someone" spend more time on it than school.
Because it's dumb? Duh, people would still kind of believe if you nudge the number a little, but when you blatantly double the number, you basically admitted you were lying the whole time, it's not like expert economists don't make predictions based on economic activities.🙄
all you have to do is goto china and you will realize that the GDP number is under estimated
The 5.5% growth numbers are absurd. If you look at all the major industries in China they are all down 10-20%. China's GDP probably shrunk by 5%.
Can't believe the Chinese Gov't numbers.
5.5 is right when you loan so much. But if you loan someone 100 dollars for that money to just be worth 50 technically you grew but you lost money
People have been saying this for 30 years. 😂😂
@@WorldIsWierd US: "cough*"
Do you need to question data provided by world Bank?? Do you study double entries to verify China trade and gdp???get a brain, will you?
5.5% growth is called slowdown, while 1% growth is called recovery.
China grew just 3% last year, this year China is likely going to be slower than last year
@@chidera66They grew 3% during their Zero COVID policy.
Also there is a slowdown in global economy but at least they are not hit by a record high inflation like the u.s or a recession with 2 consecutives negative growth like in EU.
@@chidera66 slower？you know better than imf and world bank.
@@keyin3132the IMF and World Bank are western institutions, I would take whatever they say with a grain of salt
You have to understand that for a Middle Income economy 5% and slowing is disasterous. Chances are its heading for a lost decade and the trend will continue. It will not be a high income economy under this regime.
If 5 to 6 % growth is a great slow down in China ,then 1% or negative growth in the west is considered"Great Recession".
China is posting fake numbers again. GDP was more likely negative growth. Youth unemployment is actually 46%.
Don't believe the numbers. Look at the proxy data. Hong Kong GDP growth Q2 was negative.
Yeah, your off. All GDP is not created equal... while it's usually a measure of output for most economies, it's an input for China. The government sets targets and then uses debt to spend on as much as it needs to reach that growth target. So it isn't actually growing on it's own, they are forcing the numbers up to an insane degree just to keep things afloat.
Now, a lot of governments use debt to boost their economy. The problem is with the way China does it - they spend the money on the supply-side, not the demand side.
To put it simply - much of the growth from that GDP doesn't go to the people. It goes to unproductive assets and oversupply of goods. The people aren't feeling hardly any of that 5-6% you speak of, but it allows people to go on youtube and say "Look! It's growing at 5-6%!"...while much of the country suffers.
Because there is no real growth, you have decline in foreign investment, real estate, domestic consumption, exports so how is growing??
Those numbers are for idiots to chew.
@@valetudo1569
For the same token, US and EU continue to print money at will to inflate artificial growth at the expense of high inflation.
Yeah. Trust CCP number. They also had 0 deaths due to their virus too.
Maybe its not a bad thing for things to slow down. Human development is relentless. We need some checks and balances
Except when the economy slows down people lose their livelihoods, it’s not just numbers and digits you can casually brush off
Maybe you do. Slow down is something we don't need thanks.
@@Sal3600infinite growth that only makes the rich even richer is pointless. Realise most of us don't benefit from gdp growth
@@freemanol Tell that to the Chinese people who got out of property and don't earn 1-3$ per day anymore, like 15-20 years ago. Or to Africans who never got out of poverty.
Says the Marxist.😂
There is insinuation by some that the GDP is overstated
Do you study double entries in accounting to verify internal and external data? Get a brain, will you??
Yet that's what the "scientific" and "meritocratic" CPC is fixated on. Not so considerate about what people actually care about.
@@doujinflip
Do you need to doubt world bank report?
How do you " fixated on cpc" in the absence of fact???
@@TheKkpop1 If im not mistaken, the world bank just goes off of the data that china reports. There's some evidence, although not rock solid, that china's GDP is slightly inflated.
Yes the internet genius who knows it all
Does someone still believes in the official economical reports? There are multiple contradictory data points in the economy. From the outerspace lights data, official figures from card and digital transactions that don't match consumer spending, a bubble in real estate where they have built over 600M residences for a 5B people capacity and export are crashing down so does the foreign investments. Many of these things are self inflicted which is sad. As an investor I would be very careful with form of investment in China, since not even bonds would be safe and secure at some point. There are a cultural tradition of data reports "embellishments" in many countries and China isn't spared by it from the local provinces to the top central administration.
Why don't you believe in US treasury, USD and bonds. It has no correlation with unmanageable US debt.?
Simple - You just need to decouple from China 😆
Why still wasting you life , since you already knew the risk.
@@happymelon7129 where there are risks there are rewards
@@TheKkpop1what does the us have to do with it??? We are talking about china, go comment a video about the us economy idiot
@@happymelon7129it's too easy to Tell us, but it's very difficult to make..... Stup,,,i......
It's the same in indonesia. Ppl are spending less. Retail hasnt recovered yet. Travel spending increase yes, and that takes away the budget to spend other premium / luxury products
Data and source?
Not a word about production costs going up through the roof.
Because it isn't. Producer price is low.
@@phillip76 :ahh, No.
@@buildmotosykletist1987
Yes, producer price index is falling. Now, you can deny that all you want. Folks like you can 't use brain.
@@phillip76 idiot
Shockingly, poor information. Let's go over some inaccuracies. 1 China isn't growing, it's contracted by almost 6% this year so far. If you want to believe the official numbers then I'm not sure what else to tell you. 2 unemployment between 18 and 45 is at 55%. 3 the housing bubble is at 90 trillion yuan. 4 even civil servants have taken pay cuts, some up to 50%. Lastly, 5 the banking sector is collapsing. Just look at the agricultural banks for example, unable to pay staff, closing branches and they're out of liquid cash. China isn't slowing.. it's collapsing. Edit: let's add the real size of china's gdp is about 8 tn, nowhere near 15tn .. and to all the little pinks / 50 cent army .. keep drinking your gutter oil 🛢 lol
Source India Expert...??? 😋😜😁🤡🤡🤡
@@upinsos2025 I'm not Indian
@@upinsos2025hey look, a 50cent army CCP shill.
Red Tide is in for a Red Ride off a cliff thanks to your incompetent Communist Clowns.
@@camelotenglishtuition6394 Your Badmouth, your lies, your shameless showing you 100% India origin 😋😜😁
Are you joking? 55% means that half of the working-age population is out of work, which country has such a high unemployment rate except those countries that are in turmoil, then why is China not in chaos?
I am from China and the unemployment rate is much lower than 55%.
This report is altogether too positive. Bank salaries have been slashed, youth unemployment is officially over 21% and likely considerably higher. This is an underappreciated issue. The well-known Chinese demographic problems ought to imply demand for labor that easily overwhelms supply but this is clearly not the case. So, China has a structural undersupply of labor yet it is unable to employ the labor supply it has. This is extremely problematic. Expect to see the Chinese economy collapse in the near future.
Absolutly agree, its crazy they skimmed all of those things, truly dissapointing journalism as i could find this out so easily as a guy who find work with machines and not words. Like they gloss over issues with taiwan and chip trade bans, thats a huge factor, its like that dont wanna acknowledge how agressive they are to with military tech theft and projection...
"In the near future", according to the old norm of the past 3 or 4 decades, means something Not In Your Lifetime. This time is probably no exception, for a 5%+ growth already counts for ~30% GDP growth of the whole world.
@@2909dk True enough. The true horror unfolding in the Chinese economy is so vast, and covers almost every facet of that economy, so I don't expect a brief news item to cover everything. What I do expect is some caution around official numbers, such as GDP. If the Chinese economy has grown at all in 2023 then it is due to enormous stimulus efforts. Manufacturing is in decline, exports are in decline, the hosuing market is on the brink of collapse.
Housing is reported as 29% of the economy, manufacturing 28%, consumption 38%. Again, I don't trust these numbers. When I was teaching in China students assured me that housing is part of consumption. This is simply untrue but it explained how they could also claim consumption was 67% of the economy. 67% - 29% = 38%. In simple terms consumption has not changed a s a% of the Chinese economy for the past decade, and how can it? The wealth is dominated by government and the very wealthy. China desperately needs to re-direct wealth from local governments to less well off individuals, businesses and families, yet the CCP is directing banks to support local governments. It's a system in its final years, perhaps months.
BTW, 20+% youth unemployment (most are STEM graduates in recent years), also suggests that no other country can ever be possible to compete with China in terms of extremely high performance and very low costs labor force, which put another way, is an unfortunate factor for China adversarials.
China can compensate for all of this... In a year or two they will dominate due to restructured social classes. Germany still can't even get itself together.
Not even mentioning all the ghost cities with empty owned properties.
请说出任意一个鬼城，任意一个，西方的无知令人惊讶😅
those ghost cities are old stories from the early 2010s, they are all filled up now
Don't look now....
Ghost cities ate filled with people now lol. American propaganda!
Three locomotives of the Chinese economy are all in trouble.
1. Consumers: They have spent a lot of their savings during COVID-19, and as jobs are harder to find, they mostly try to save money.
2. Exports: All the other economies are in trouble, so they import less, so China can export less.
3. Infrastructures: This locomotive has been used so much to get the economy up and running during COVID-19 and now it is exhausted. Local governments and state-owned enterprises are all very debt-ridden.
The only way out is to hope that the global economy will recover, but this is hard as long as the Russo-Ukrainian War is still ongoing.
Yawning!
Didn't Gordon Chang repeat the same prediction since 30 years ago??
China citizens has the highest saving than USA &all EU combine!!
China is in so much trouble, it's just going to lap the US economy many times over in the next 30-50 years. :) Listening to US experts is like listening to apes who think they can speak a language. They're morons talking in a closet without the faintest idea of what's happening outside. :)
1. By measures, Consumers have plenty of savings.
2. That is true. Cost of living is raising for most of the world.
3. China can build more infrastructure in third-tier cities
You missed out the point of major powers moving away due to geo political tension
US 2008, too much debt crashes the markets and people go bankrupt. Banks got bailed out, bankers pay themselves millions.
China 2023, the government put restriction on debt and make people pay it back. Bankers all got a pay cut.
Slow growth, but no crash. I don't see what the problem is.
Restrictions and pay cuts aren't enough, they're still far too overleveraged.
You're blinded by your cringey nationalism. You obviously don't know anything about finance.
Do you even know what leverage means?
Painting a picture that is rosier than reality.
"Chinese-US trade .......relationship has been hugely beneficial for both countries". Has it? Most of us in the US would prefer to re-shore supply.
Well we did enjoy the low prices 🤣 at the high long term cost...
Aye-aye sailor
Ship-to-shore.
We all know it ain’t happening. Most CEOs will be thrown out of office the moment the market sees the first financial numbers… and they got families to feed
I think that will never happen due to the fact it's too expensive to produce products in the US compared to China.
I am falling on the floor laughing for every time this video uses official statistics without mentioning how creative they can be.
It's not really that funny. The statistics do indeed tell quite an alarming story, as far as China is concerned.
I'm not sure, but most peoples do tend to selectively access the data that fit their preferred narrative. A confirmation bias we called.
Not to mention how they perpetuated the myth that China raised 100 million+ out of poverty
@@wongkoewei9829 People or 'experts' who keep harping on how 'low' / 'slow' is the economic growth of China in recent years are either dumb or deliberately lying (or both).
The reason is simple - the absolute SIZE of the Chinese economy today is multiple TIMES than it was 10 or 20 years ago.
Hence, even an 'average' of 5% economic growth today would roughly be the same increase (in dollars amount) of a '10%' in the past.
Just simple arithmetic.
In 1984, China grew by 15.2%, and averaged over +10% annually through 2005, so 2023 growth dropping to a mere 5% is a big drop. Thing is, when China grew +15.2% in 1984, their economy was only $260 Billion USD (nominal), so they grew by +$40 Billion. In 2023, China's economy is $18 Trillion USD (nominal), so +5% growth adds +$900 Billion, 22.5 times greater than their 1984 growth and roughly 3.5 times the ENTIRE 1984 Chinese economy.
In contrast, the USA will be lucky to add +$20 Billion to their economy, and it'll mostly be FIRE (Finance, Insurance & Real Estate) growth, rather than "real" industrial production and trade in goods. The UK is going into recession, Germany is in "technical" recession, and Japan has been ZERO growth for decades. Meanwhile, sanctioned Russia is expected to grow by +3%, faster than the USA.When people like Adrian Zeihan and Gordon Chang keeps being the nvited to talk and explain why the PRC is "collapsing", we, the informed people, can only wet our pants of laughing.
Stop expressing inferiority and pay attention, even though the United States is experiencing growth in the single digits and has created a country where people can't even go outside at night, they still haven't come to their senses.
It’s not a slowdown - they are coming crashing down, but they have zero reason to report the true dismal numbers to the world. Just like that their population has been shrinking for years, their economy is 50% smaller etc.
They owe nothing to the world. You are lying about their economy. You are China hater.
Crashing down ? Do you study economic? China grows at 5-6%, it's much better than your country.
Jajajaja 🤣🤣. I have Heard this story more than 30 years ago.....
@@MrGatorress look at the f’ing numbers. It’s not rocket science
Population only started to shrink this year a few month ago. But i guess if i ask you to prove that China's population has been shrinking for few years I'll just get the standard answer.
Time to wean off a 40 year addiction.
I think that while everything said in this video is true, it missed the most important underlying dynamic. A lot of China’s growth has been due to foreign direct investment. However, that tap has been shut off due to high interest rates in the West. China’s slowdown in growth tracks the Fed Funds rate very well.
Bet to disagree - it's several things lumped together and the foreign investment sure did not cause the dramatic slowdown. First of all, it did not drop that much and the affected jobs are very limited. Secondly some foreign firms left due to competition, not due to politics. The 2 mentioned (real estate and confidence) are the core but the economic cycle is the third one as new biz are dwindling and internet related companies started laying off. The 4th is of course the slowing down of export.
I think your points are valid, but I think your point number 4 is including FDI.
@@xiangli2452
China's foreign direct investment reached record levels last year, mainly coming from Europe and Asia and it has no shortage of capital as the excess amount has been diverted to the BRI for the past 10 years. Also, its gigantic foreign exchange reserves is increasingly allocated to gold so China is not worried.
@@rcbrascan those are CCP stats , not reputable source stats . Read any independent business publication & you'll see how FDI into China has been plummeting for awhile
Sorry to hurt your feelings. But the West has said this time and time again. If China keeps rising, which it does, than dont be hurt or in pain.
I heard about that view every single day in last 3 decades...
Heck i havent been buying as much Chinese products or American products made in China. I really need them to lower their prices. Theyve been raising them for awhile. It might be better ti buy American or other Asian countries' products.
All Americans dislike Chy-na
@@AJ-iu6nw
The world has grown tired of China.
@@oltedders
Aren't you jealous of China's success??
Trust once lost isn't regained so easily.
Who said the economy here was going to “roar back”?
We in Beijing have seen things get worse and worse long before Covid.
and you saw American economic better and better. right?
@@alanssshh Yes, which is why all my rich Beijing friends are moving to America to start businesses and get passports.
@@ZeVexGaming how a growth rate at 2% is better than 5.5%?
@@alanssshhBecause that 5.5% includes a lot of debt and fake data and every Chinese knows that.
@@alanssshh Your comparison and fake data are irrelevant anyway because your currency is pegged to the USD🤣.
Without American tech, investment, and the USD, your economy is worthless and the CNY would float away.
Walk around Asia and tell me, will a shop owner in Japan, Korea, Thailand, Cambodia, etc. accept USD or RMB?
Look at the world globally... it's not just one country. 🌍🌎🌏💡
Yes it's world wide
⚠ the USA dependent on CHINA ... CHINA IS THE LARGEST ECONOMY IN THE WORLD. BTW, USA EXIST ON A PONZI SCAM WITH THE FIAT DOLLAR. CHINA DEBT IS NOWHERE NEAR TEHE USA DEBT. CHINA IS a mature economy, just like the USA....should we expect the USA to have 15% GDP. IN CHINA THE GOVT RULES CORP. IN THE USA....CORP RULES THE GOVT.
US is actually doing fine
Once BRICS+ added members it will be different
The globe but not one country. That country is doing very far better than any other country right now while having the fastest growth rate.
The Chinese people are in a downward spiral of less disposable income, high debt obligations, and decreasing job market. So less jobs, lower income, and major home loan debt. On the macro side, the flight of corporations to lower labor cost countries, decreasing interest in new capital investment and overall an oppressive government. Corruption is ingrained into the private and public sectors so much that it saps the energy in the growth process.
That's the point Gordon Chang and Peter Zeihan predicted since 30 years ago.
Do you still buy their story???
Their timelines were overly pessimistic but the long-term trend predictions still hold.
1990. The Economist. China's economy has come to a
halt.
1996. The Economist. China's economy will face a hard
landing
1998. The Economist: China's economy entering a
dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for
the Chinese economy.
2000. Chicago Tribune: China currency move nails hard
landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in
China.
2002. Westchester University: China Anxiously Seeks a
Soft Economic Landing
2003. KWR International: How to find a soft landing if
China..
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in
China
2006. International Economy: Can China Achieve a Soft
Landing?
2007. TIME: Is China's Economy Overheating? Can China
avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a
way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese
2012. American Interest: Dismal Economic News from
China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A
Chinese Hard Landing..
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To
Crash?
2020. Economics Explained: The Scary Solution to the
Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse
Than You Think
2022. Business Basics: China's Economic Crisis, GDP is
Crashing, Protests Everywhere. China's financial crisis is
Here.
Wow so bloomberg does stories for first graders.....this was worthless
come on, it had Yellen saying : " I think, the Chinese are worried about their economy". That's deep. That's very deep.
Traditional professional audiences have been shifted to a larger demographics due the internet. Most media make worthless contents these days, if not downright clickbaity for the mass. It's no better than amateur Tiktok or RUclipsr's video level
I wonder if they calculated the citizens strife into their economic growth. Especially with how the government in China was treating its people during COVID lockdowns.
I don’t know if that is easy to calculate, but yes, it is a real thing . everyone I know/ related to still over there, wishes they could be elsewhere. There is just a frustrated sense of “we’ve been duped”
@@pushsliceno .we laughed at you USA dead too much people ！😂😂😂😂
@@小熊维尼-t4h
I am unsure if what you wrote was in English ?
Some kind of bizarre code ?
@@pushslice 我们嘲笑你们covid19死的人太多！ 我们自豪我们政府的抉择！
@@小熊维尼-t4h I don't recall Americans having to line up in front of the funeral home 🤣
That was an amazing 20+ year growth cycle for China, especially considering they have a planned economy and there was a massive global financial crisis right in the middle of it. Now they have hit the correction and it’s just natural that a giant growth cycle like that will be followed by a similarly outsized correction. That’s not unexpected. The concerns are does the economic downturn morph into a political crisis as well and can they right the ship before the demographic time bomb hits.
20? its 40 now unstoppable
political crisis ? no! CCP is so stable.
If the planned economy can make all people afford to buy food and have the ability to pay for tickets to travel, that's fine. The horror is that people don't have the option of sleeping on the street.
@user-dd2bl8rx4bнет. Экономике нужны молодые рабочие.
Грузчики, водители, строители. В 50 лет ты не можешь так работать как в 25 лет.
Уже через 20 лет будут очень сильные проблемы у китая.
История знает что происходит в китае в плохие времена. Гражданская война с пятью сторонами
就算第三次世界大战，中国也不会爆发政治危机，你太低估了中国共产党统治的稳定性，而且你也不了解中国几千年传承的政治体系
China has picked all the low hanging fruits of its economic growth, unfortunately it is increasingly becoming clear that it lacks the know-how of picking the growth that would come from specialized manufacturing life aerospace, pharmaceuticals, and high-end microprocessors...
It doesn't necessarily need to master all high tech industries. In terms of semiconductors, China can continue dominating the legacy chips which are used in everyday life, but having an economic growth model which is unsustainable is the real issue.
@@J_X999 Except China wants to be a rich country, not a middle income country, and for that to be realized they need to master the cutting edge of technology.
Pls check out China tops the world in patent rights nowadays.
@@TheKkpop1 Whenever China is the top at something, "it doesn't matter"
@@J_X999
Another copium mentality?
Cheers sour grapes!!!
The tech crackdown also triggered the rich moving O/S and $ in the trillions going with them. There is also a tax crackdown of high net worth individuals which added complexity to the problem. And rumors of a property tax which most think is inevitable due the local govt finances , which dampen the property mkt even further.
Which countries that have lowered property taxes post Covid? Please humor me. Not sure why that moves were seen as a big surprise.. The night Biden was crowned on National TV, I realized the first step this old crooks would do.
It seems the tech crackdown had a strong effect on sentiment.. unfortunately this will be hard to undo.
@@rolfw2336 Well all the tech companies lost US1T in value , then they fired a few million workers., then cancelled hundreds of projects - ofc it hurts sentiment overall.
"dampen the property market" ha ha ha... How about crater and soon be subjected to a $10 trillion++ wipeout... That's not billion that's trillion... All those homes that were purchased will never be lived in?... they will just be pulled down.
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
If I saw my nest egg drop in value month by month, I will also stop spending and start saving more.
The US and the Western nations are predicting China economy growth is slowing down but they also forgetting that their own economy are slowing down too. Especially the US debt ceiling are increasing, it's adding $1 trillion every 100 days and this are even more scary 😢😢😢😢
I think is a 'copium' explanation of the prodigious failing of the Chinese model. As China turns inwards it has very few middle income consumers to fall back on. Shanghai has flushed out its foreigners and looks like a ghost town and business relationship have wither on the vine over the last 3 years?
FDI inflows to China continues to grow. Aren't you jealous?
ChatGPT trained on 1923 data would come up with better senseless words stringed together. Also, don't wish too hard, they do have a fallback: militarization.
It doesn't have "very few". In fact, it has a lot. But just being middle class doesn't mean you actually spend that money.
Nonsense, the traffic in Shanghai is very high, and your keyboard should be able to search
Foreign capital is leaving China.
In north people are not even taking holidays. Things are so expensive. Most people are depressed the way things are going on in canada
This is world wide now.
😆All western media happily report China export decrease cause by U$A UK EU falling into technical recession.
Cheenk han
In some cases China labor market became more expensive than some Australian cities
Before I left China in 2015, I sold mid you high end US furniture fabric to them for their domestic market, it was cheaper to produce in many US cities/industries. The reason it wasn't in the US was due to factory infrastructure. The US used more high tech methods to lower labor cost below China, but it would cost billions to move back to the US.
China, US and Europe slowdown could erase $50 Trillion Debt Bubble in the world and can cause big depression than that of 1930s. There will lot of capital trimming, trade trimming and recognition of unrealized losses sitting in most of the banks across the globe. VC will take a hit. Salries and Pensions would decrease by 50% and global growth will come to a standstill in the world.
Big Depression is coming.
How does a debt bubble get erased
@@NewmaticKeUsually by recognizing and absorbing the losses. The question of who absorbs the losses is a political one with far reaching consequences
Have a nice day 😊
The rest of the world slowed. While China is still growing albeit at a lower pace. So there is nothing wrong with China. It is the world that is tapped out.
What a "Great Slowdown" with a 5% growth, and a 0.0% inflation.
Hi deflation
5% if you believe their targets...and creatively accounted achievements. Even that is a painful slowdown from the expectations and financial plans of the median Chinese resident.
In the narrative logic of the Chinese government, it is the beginning of Thirty years of deflation and stagnation which happend in Japan.
Walmart is 80% china. Amazon is 60% china. Walmart is now the largest online retailer in India. India and China are partners. China's growth is expected to be DOWN to 5%. Hard to count them out.
Its all about population growth. Its really hard to grow an economy with a shrinking population. Current projections expect China's population to fall from 1.4B to 800M by 2100. Its over.
population numbers also faked; probably already less than 1B
Jajajaja 🤣🤣. Many years For you and I will be alife suto.....i.....
It's been "over" for China since the 1970s. But every single time, "it's different, this time it's actually happening"
@@J_X999 No; its been over for about a decade or a bit more. Authoritarianism takes a while to destroy a great civilization like Chinas; give it the appropriate destruction time. For example, they have to pay "bots" to make statements like yours.
Definitely feels like it now. The PRC proved to habitually overpromise and underdeliver, and the rest of the world is hungry and willing to take what China once achieved for their own but with much more transparency. There's a reason Beijing started going "wolf warrior", and it's not because of true confidence.
Thanks for posting.
Not only are they not spending it, but wages have dropped ( talk to workers in the banking and finance sector) people are losing jobs in the manufacturing and shipping sectors) and young people cannot find jobs and are moving to Africa. They have a huge problem.
Unlike their grandparents, Western youth are indulging in lgb-t , trans-g, Zombi apocalypse, beers and drugs in the nite clubs, but chicken out to venture into tremendous growth opportunities in Africa.
This is a huge concern to the young population as far as socially and morally.
No, u are wrong, wages cannot just be dropped. People are losing jobs everywhere not just china. Condition of every country is almost same, just because they made a video on china dont mean they are struggling.😂😂these type of videos can be made for every other country.
STEW
The world never ask the right question since 1978: should this country ruled by dictatorship be rich?
1. There has been this tendency in the Western business world and among Western economists to think about China's economy in a silo, isolating it from its politics. Lots of trust offered, risks taken by the West have been based on the naive belief that politics in China would only marginally affect Chinese businesses in the global arena. During the past two and a half decades, while Chinese businesses grew and rose in the global arena, what the West has discovered is that the Chinese government would change the rules, ignore established rules, and make up new rules on the fly, as often as it suited them. (Once at a US Naval contracting forum I attended, the presenter said, "In the West, you negotiate and then sign a contract. In China, you sign a contract and then begin to negotiate...."
2. Just about everything that has developed in the People's Republic of China turned out to be a "bubble". Being in a hurry to grow, catch up with the West, and feed its population, China had to skip many steps in its development of its economy, technology, public infrastructure, defense, acamedics, and pretty much everything else. Most of the time, you can get away with skipping a step or two when you're making something (a cake, a tree house, a new business, a new military, a new middle class, a new nation). But more often than not, skipping means hollow; and hollow means easily breakable. This explains all those broken Chinese made household goods, Chinese made electronic appliances, collapsed Chinese buildings and roadway overpasses, the Chinese economy, the Chinese middle class, and perhaps even the PLA.
Can’t agree more!
to the point and the best coments describing the cn shortcomings
West again making the same mistake with India
@@NJBJ007no, India is democratic, china is not.
And yet you still believe the fake Western propaganda propagated by the anti-China governments and forces. Gullible! 😂😂
I remember when the crash happened in America in 2008 and we were lectured by Chinese officials that they are now the leaders of economic growth and the future... Problem is and will always be they have too many people. There are not enough jobs in any sector to employ hundreds of millions.
Most countries will experience growth and some decline from time to time.
China is no different.
The people will adjust accordingly.
Those countries are democracies with built in outlets. This is China first recession and they waited so long it’s gonna be a big one or a long one
No. Bloomberg won’t let that happen.
Adjust accordingly?? Time to dump the CCP.
China is different in that its government has never had to deal with decline... and the implications towards its legitimacy. Most other places would swap out the leadership.
@@doujinflip authoritarian states are hard to topple at the best of times, a recession is probably the least likely thing to do it.
Love your choice of words: China Great Slowdown. But CCP Great Slowdown……..is more soecific
But surely economists in China KNEW that the economy could never keep growing at a level in the double digits? That doesn't make sense and I know nothing about Economics. No one should ever EXPECT that kind of growth to continue unabated. This is a global world and every negative thing that happens in one part of the world affects everyone else. I saw that their expected growth was expected at 7% and is at 6%-I'm pretty sure most people would be dancing if their economy grew 6% this year!! China needs to tamper down its expectations and realize that at some point the economy will reach a sustainable level that is realistic growth every year. Look at Ireland-the Celtic Tiger. Their economy finally came down to earth and China's is too.
Are you from 2009? Cuz that double digit talk would make sense in 2009 cuz Chinese economy only grew 9% during GFC
China has a command economy that is directed not by profit but by political expediency. The party is throwing vast amounts of the countries wealth at saving face before the international market and is failing.
While there is money to stuff into the pockets of corrupt functionaries the situation will continue.
China economic model may have been successful in uplifting some of the population economically, but the data from CCP can not be trusted. Complete alleviation of poverty has not happened in China. Now with the economy in deflation, expect that the poverty rate to suddenly jump up.
I like how Bloomberg takes the CCPs numbers as gospel lol
You should also like the IMF which is making the same report on China, EU and US.
Love China from Indonesia
yep, China has been slowing down, at the edge of collapse since 20 years ago, according to Bloomberg.
Haha true, next time the video title will be : ' China will be collapsing in two month' and he would publish this video every two month. Lot's of views and quick cash for Bloomberg.
1990. The Economist. China's economy has come to a
halt.
1996. The Economist. China's economy will face a hard
landing
1998. The Economist: China's economy entering a
dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for
the Chinese economy.
2000. Chicago Tribune: China currency move nails hard
landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in
China.
2002. Westchester University: China Anxiously Seeks a
Soft Economic Landing
2003. KWR International: How to find a soft landing if
China..
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in
China
2006. International Economy: Can China Achieve a Soft
Landing?
2007. TIME: Is China's Economy Overheating? Can China
avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a
way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese
2012. American Interest: Dismal Economic News from
China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A
Chinese Hard Landing..
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To
Crash?
2020. Economics Explained: The Scary Solution to the
Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse
Than You Think
2022. Business Basics: China's Economic Crisis, GDP is
Crashing, Protests Everywhere. China's financial crisis is
Here.
Nice reporting. But can we stop talking about "consumer confidence" as if that were a driver of GDP growth? Low confidence is a rationale response to low economic growth, not the cause of the low growth. Also please mention that China manipulates its economic statistics for political reasons, the 5.5% is higher than reality. Thank you.
China's GDP growth rate of 5.6% in 2023 is given/projected by the WORLD BANK! Please be more knowledgeable before making your statements.
of course, any negative reports are "Nice reporting", aren't they? these reports are automatically true and trustworthy. Bloomberg once highlighted an article on their front page claiming China has chips that monitors US servers. But experts in the chip industry have never even heard of such chips that are capable of things. Media like bloomberg can't even be trusted what can be trusted in your country? disgusting.
4.5 to 5 percent growth is slow down ? What is it for Germany ?
about 0.1%😂
China H1 GDP growth 5,2%, China BRI 3,55 %, China Inflation 0,27 %... China great slowdown, what Logic...??? 😋😜😁
they lie you wumao
There is a negative growth in tax revenues, that means the growth numbers are fake
You should probably leave before you get piled on. I will be nice enough not to do it.
1990. The Economist. China's economy has come to a
halt.
1996. The Economist. China's economy will face a hard
landing
1998. The Economist: China's economy entering a
dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for
the Chinese economy.
2000. Chicago Tribune: China currency move nails hard
landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in
China.
2002. Westchester University: China Anxiously Seeks a
Soft Economic Landing
2003. KWR International: How to find a soft landing if
China..
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in
China
2006. International Economy: Can China Achieve a Soft
Landing?
2007. TIME: Is China's Economy Overheating? Can China
avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a
way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese
2012. American Interest: Dismal Economic News from
China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A
Chinese Hard Landing..
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To
Crash?
2020. Economics Explained: The Scary Solution to the
Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse
Than You Think
2022. Business Basics: China's Economic Crisis, GDP is
Crashing, Protests Everywhere. China's financial crisis is
Here.
How can you believe that the GDP is really 5% ? Curious to know
Some say the 5% gdp is overstated. It could even be -5% gdp.
Hearsay? Get a brain, will you??
And.....the US rising interest rates has nothing to do with this....???
China's slow growth of 5%, Europes negative growth/recession, US maybe recession/ maybe not. Global economy is slowing down as a whole because the easy days of 0% interest rate is over thanks to inflaction. Money printer can't to running forever.
5% is bs and you know it
China did not grow 5 percent if you believe that youre an idiot
We are booming in the USA. Money and jobs are everywhere
@@Jake-lu3bp
We're seeing more homeless, jobless, lgb-t, trans-g and zombie apocalypse in America.
@@Jake-lu3bp Booming with inflation?
1 trillion dollar stimulus during covid so of course the ecnomony is awash with money. That is the cause of inflation. As for the jobs, US job market is doing great, too great in fact leading to increasing bargaining power on worker side, thus leading to increased wages and then inflation.
The feds were and are hiking rates for a reason. They want to take back the stimulus money out of the system and in the process causing unprofitable/zombie companies to fail, leading to job lose and excess worker in the market, while in turn leads to employers have more power and bring wages undercontrol.
Naaaah, id prefer not made in china
Hard to move up the value-add chain when education emphasizes propaganda over critical thinking, creativity.
China tops the world in patent rights since 2019. Get a brain, will you???
true
They cant grow forever. When reach a more advance level, you development become slower. There is no drama here.
"The coming collapse of China." Version 4.0 (after 20+ years)
1990. The Economist. China's economy has come to a halt.
1991. The Economist. China's economy will face a hard landing
1992. The Economist: China's economy entering a dangerous period of sluggish growth.
1993. Bank of Canada: Likelihood ofahard landing for the Chinese economy.
1994. Chicago Tribune: China currency move nails hard landing risk coffin.
1995. Wilbanks, Smith & Thomas: A hard landingin China.
1996. Westchester University: China Anxiously Seeks a Soft Economic Landing
1997. KWR International: How to find a soft landing in China.
1998. The Economist: The great fall of China?
1999. Nouriel Roubini: The Risk of a Hard Landing in China
2000. International Economy: Can China Achieve a Soft Landing?
2007.TIME:Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009 Fortune: China's hard landing China must find a way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese
2012. American Interest: Dismal Economic News from China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, J You Got Yourself A Chinese Hard Landing
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2019. Global Economics: Has China's Downfall
Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think.
each crunch is worse
During the great collapse of China, GDP per capita ten folded. China better keep collapsing hahahaha.
And the debt grew in the meanwhile 300%, if people would look at growth in relation to debt accrued in the meanwhile, perhaps they would be less ecstatic about what they see as a ‘miracle’. All local governments, all Chinese banks lending mortgages all tie back into the central government. So this is China’s debt and not the CCP advertised 40%. And these are the ‘official’ figures the CCP wants you to see. It is not the same as the transparency levels enjoyed in the West. We are gullible…
China has been growing drastically over the years, and according to experts, now they are just slowing down to normal pace like any other countries.
They will be ok.
Well they have huge population than others to handle and on top of that thier high debt to GDP ratio is likely to cripple them further.
America is breaking up
US economy on the book is growing at 1.8% and satisfied but pointing to China's economy that is growing 5.2% as having difficulty.
All boils down to JEALOUSY.
Exactly 😂
It’s never being a better time to stop buying made in China and start buying made in your country 🇨🇦🇺🇸
Ok. Soy, go ahead 😂😂de 😂😂.....
..... Stup.........i,...........
Decoupling or leaning towards China? Why not check that trade volume which registers positive increases with China???
You're just another western politician chanting empty propaganda.
China gdp 6.3 %
US gdp 1-2%
Bloomberg: "ChInA iS slOwiNG DoWn" 😂
Just like Chynas 100 covid deaths 🦠😅🍲🦇
USA economy iz 25trillon....actual chinese economy iz around 7 trillion....it's fact....they are fooling there own ppl.
I can already see the comments lining up with the usual answer that is used whenever China is doing well.
I wish USA would create and strengthen supply chains with Mexico and Canada then move south of the equator. Much more stability possible.
Don’t wish just stop buying things from China, I only buy things from 9 dash contestants like Vietnam, or if I can’t do that I take options from US Allies like Mexico.
There are major US companies putting their assets in Canada and Mexico. For example, Tesla.
@@nekopop8159jajaja 😂😂. Tesla has the most great factory in Shangai and Musl does not have planned tp change ir in other place .....
India is the answer. Fastest growing top economy. Under Narendra Modi India will become third largest economy in 3 years.
Already happening. Mexico & Canada is now the top and second trading partners of USA, pushing China to #3
An economy that copies more than it innovates has growth limitations.
that's why Chinese growth at 5.5% and American at 2% .LOL
China tops the world in patent rights nowadays.
Get a brain!!!
One Japanese entrepreneur once said. ( we take old innovation and prefected. Make cheap and better).
China growth CCP numbers are highly inflated.
China 's economy is more innovative than America. Chinese business competition is the highest in the world, and without innovation, you can 't survive in such competitive landscape in China. What you say is repeat of some really common stereotypes of China which is false.
Why can't they say communism sucks???
The world would be fine without having China as its manufacturing hub, China would be lost, meaning that its economy would shrink dramatically and all chances of China becoming a superpower and surpassing the US would be lost. China's economy grew at such a fast rate in the 1980's and 1990's because it was a manufacturing powerhouse as its abundant young population was desperate to earn money and had no qualms about working a blue collar job. Nowadays, China's young population is way less abundant and has more college graduates than ever before. The vast majority refuse to work a blue collar job, because avoiding a blue collar job was the main reason why many went to university. China's current education system drains all creativity out of the students, any of these graduates becoming an innovator of any sector is highly unlikely; so as China loses its position as the world's manufacturing hub the less influence it will have on the world's stage. As China's influence on the world wanes, the more likely the CCP is to be called out for security breaches linked to data and technology loss, which could lead to less trading partners around the world. This is a big issue, because China isn't self sufficient; domestically it can only feed 65% of it's people and heavily relies on imports from other countries. This seems like a slippery slope, I get it, but its still a very real thing that can happen. Mexico is already well on its way to replacing China as the world's manufacturing hub, it's just a matter of time.
“Mexico is already well on its way to replacing China as the world's manufacturing hub” ，Again( USA=the world) a day without arrogance is a day wasted.
Ok. The world does not
The world does not need the USA too. We do not the wars and the innefficient systems sold for your country around the world....
US is not the largest trading partner of China. ASEAN, SCO, BRICS, AFRICA, EU and Middle East are becoming more important to China trades nowadays.
China's economy didn't grew in 80s and 90s, it only begun after 2000s.
'China's current education system drains all creativity out of the students, any of these graduates becoming an innovator of any sector is highly unlikely' LOL
dont forget the only owner of the land is the government in China, and "land lending" is the major source of income for Municipal Governments
This is the right time to diversify the global supply chain. America and Europe must also invest in Japan (high-end), India(low-manufacturing) and in the ASEAN(low-manufacturing).
Doing this will ensure cheap products the west seems to have had enjoyed.
that's yesterday news. America and Europe are now begging for Chinese investment
@@__daddy__ 🤣🤣🤣🤣🤣 - not laughing with you, laughing at you. XD
@@rmfelias do you know how many trillion dollars the USA owes China?
With a skyrocketing inflation and millions of homeless in street tents, how do u repay that debt to the Chinese?
Your laugh may end up with tears 😆😆😆
@@__daddy__ Actually, China owns around 2.6% of U.S. debt, which it buys because the Chinese yuan is pegged to the dollar. It would be impossible for China to call in all its U.S. debt at once, given the different maturity dates of the U.S. securities that China owns.
@@titan133760 which parallel universe do u live in, where Chinese yuan is pegged to the dollar? 😅
You seem to not have rudimentary knowledge about international finance and make very bold statement
these are the days of reveng, so sweet...
This is not about covid-19. What i see is more than a reaction to Covid-19 and a worldwide slowdown. It's about confidence, bubbles not only in real estate and huge hidden debt. All translate to confidence.
but china has a big population, you would think they would revenge spend like the how the west did. however, they arent spending because they lack confidence in the economy
Confidence has nothing to do with the Chinese economy. Chinese growth was built on a 40 year Ponzi scheme.
hamm large population doesn't equal to large market. PRC has 1.4 b ppls,which 0.6b of them with income under 1K RMB per month,fortunately it doesn't have 1.4b market.
It doesn't even have 1.4b people. Independent estimates are closer to 1.0b and already shrinking.
@@doujinflip you are knowledgeable and professional!
The GDP growth rate is BS
It's probably lower, but not disastrously low. Otherwise we'd immediately know without having to guess.
Demographic collapse is china's biggest problem. They will never get back to the fast paced economy they had during the last 40 years. Additionally they have likely overstated the growth of their economy over the last 40 plus years. Imagine if they had exaggerated their growth by only 1%. 1x40 is 40%. Their economy may be 40% smaller than what they claim it is, and some people say that it has been even more overstated. 40% of 18 trillion is 7.2 trillion which would leave them with an economy of 10.8 trillion. They are in for a long tough road similar to Japan because of their ageing population
Actually, 1% during 40 years is equal to almost 49%. Not 40%. Source: a complex/compound %
Another hearsay to demonise China.
Get your fact right,troll!!!
U most probably brought all those nos. from anti-china propaganda videos.😂😂
@@IamHandsome4u демогоафия это факт. Просто посмотри на пирамиду и рождаемость
Hope this means they are less military bully of its neighbors
Military? China never bombed 100 countries
I fear a weakening economy might lead to Nationalism
That's what happened to Germany during the great depression.
As a Chinese, I have heard the same point of view since 20 years ago.🤣
Please stop referring to China’s $18 trillion economy! It’s at best 1/2 of that.
In DDR geht alles nach plan.
Supports!!!!!!.....
How do You Tell that the chinese economy is the same size than Japan???? Stup.....i.....😂😂😂😂
some people believe the stupidest conspiracy theories.
The problem is the PRC doesn’t have the experience the FED has in handling crises. A centrally planned economy doesn’t anticipate crises like a capitalist economy and therefore acts more slowly & cautiously.
Don't worry ! China is still growing at 5 -5.5% , which is still a lot better than the US & most of the Western countries .
Bloombery may need to check the Homeless , Drug Abuse & Mass shooting problems in the US , which will hit the US
economy and affect all other countries eventually !
-5% with 40% youth unemployment
China is facing economic problems that actually affect the lives of the Chinese people.
In the United States, despite the gun problems only in *certain areas* the American people still have lots of jobs and lots of spending to do.
@@dennisestradda9746Mommy jumped over the wall. Remember me? Hahaha
@@nekopop8159
We're seeing growing homeless, jobless, poverty, lgb-t, BLM, trans-g, Zombi apocalypse in the US nowadays.
I'm pessimistic if the US can overcome the above problems economically and morally.
@@dennisestradda9746 That's india
Its a vicious cycle of economy affecting society and vis versa. Tough one
Best way to damage China CCP is to review all your 401(k), pension plans, employee stock option plans, retirement plans, and look for the category ‘Emerging Market Asia.’ This mean 95-98% of this segment’s money is invested in China CCP. They try to hide this fact. Again, Emerging Market Asia = China CCP! Move ALL your money to other segments or categories that do NOT invest in China CCP. And, of course, buy as little as possible from China CCP!
Remove your investments from BlackRock. It is one of the most pro-China, anti-freedom firms on the planet.
Stop using the power grid ! Those are Chinese-made products with Chinese-tech !
I doubt the economy is growing at 5.5% in 2023. Those are inflated numbers.
去问IMF😂
Four months later, what slowdown are you talking about? Where is the slowdown?
Japan 2.0
isn't China's slowdowns caused by the West? Their failing economy and demand is causing lower demand and hence job losses in China....
no because if the chinese people spend their money, it will cause an increase in demand for goods. But you may ask why arent they spending? They don't have a positive outlook of the economy. Why should they spend when their real estate investments dropped 20% over the last 3 years? Why spend money when 20% of the youth are unemployed. Those are the people who are mostly eating out at restaurants and buying your latest tech gadgets.
@@WonderfulLidoff It is because many are jobless because of the slowdown in the West.
So the West instead of being self-aware of the issues they are causing globally, from the American's endless printing of the dollar causing global inflation, to provoking the war in Ukraine with Russia. They are now commenting on the "slowdown" in China?
China economy is in a way more solid foundation and state than the Americans. Living on borrowed time and money. Each president kicking the can down the road, moving on after his term.
城市化进程后期，企业的工作岗位普遍不要求甚至排斥员工结婚生育多胎，没有建立“多花多给，少花少给”的工资反馈机制，才是少子化和消费萎靡问题的根本原因。
China is the enemy.
人口问题各国都一样，哪怕印度也是一样的曲线，欧美全靠新移民撑着
@@easymi9964什么人要移民去中国？
哪一个伟大的国度建立了 “多花多给，少花少给” 的工资制度啊？
@@eyaswoo1483 不是伟大才建立，而是建立才伟大
It's crashing down!
If 5% growth is the great slow down ,then were are the Western countries?
he explained why at 3:50. its "slow" because its being compared to previous Chinese growth of up to 15%.
They're developed countries. They don't need to grow. Their infra is built, their militaries are well equipped, they have more or less eradicated poverty(it's coming back but it had gone away). So they don't need 10 pc growth.
@@Rattler808 That is rather obvious. But who can reasonably expect to have 10 percent every year? A better comparison is to the peer group which are other big economies
The Chinese people haven't had an idea of what an economic reccession is about for entire two generations.
@@bin.s.s. not even during the Covid years. It is quite impressive considering up until the 1980 there were living the equivalent of the European Middle Ages im terms of economy