China's Great Slowdown
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- Опубликовано: 30 сен 2024
- China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped, with data flashing warning signs across the economy.
The government’s traditional tools to boost growth may not provide such obvious options this time.
We’ll look at why China’s slowdown could send ripples around the world.
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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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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.
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
Yeah. Trust CCP number. They also had 0 deaths due to their virus too.
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...??? 😋😜😁🤡🤡🤡
@@sosipin2000 I'm not Indian
@@sosipin2000hey 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%.
Painting a picture that is rosier than reality.
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?
"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.
Time to wean off a 40 year addiction.
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.
Typical Western propaganda👏👏👏👏👏👏
These Chinese keyboard Wolf warriors still don’t understand 🤷
@@nekopop8159🤡🤡🤡. Ignorant
@@nekopop8159 chinese 5.5% is greater than US 1.8% GDP growth. simple as that. This level of reporting is literally propaganda.
Chinese GDP’s growth rate was higher than the US during that time. But when it comes to the nominal GDP, the average person in the US earns more than the average Chinese.
China is growing faster than the US, but the US still ranks on top..
The elderly population in China is increasing and the Chinese government is really worried about that. Along with societal problems where younglings “lay low” and don’t want to work like “slaves” to support their elderlies.
China’s “One Child Policy” failed. But now China is trying to force women to have babies, and many of them personally know that raising children can be expensive and requires lots of work..
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
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.
Foreign capital is leaving China.
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!
The economy is still growing? Get your research accurate pls!
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
what a flawed thinking and reasonings lacking logic
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.😂
😆All western media happily report China export decrease cause by U$A UK EU falling into technical recession.
Cheenk han
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......
Chlna GDP growth is 5.2% and US GDP growth is 2%. However and according to Bloomberg, China is failing while the US is growing. 😂
Japan 2.0
COMMENTATOR,,,,
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AND
FOOD STAMPS,,,,, RECIPIENTS,,,,,,
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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
Love your choice of words: China Great Slowdown. But CCP Great Slowdown……..is more soecific
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??
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 $1 trillion every 100 days and this are even more scary 😢😢😢😢
If 5 to 6 % growth is a great slow down in China ,then 1% or negative growth in the west is considered"Great Recession".
China is posting fake numbers again. GDP was more likely negative growth. Youth unemployment is actually 46%.
Don't believe the numbers. Look at the proxy data. Hong Kong GDP growth Q2 was negative.
Yeah, your off. All GDP is not created equal... while it's usually a measure of output for most economies, it's an input for China. The government sets targets and then uses debt to spend on as much as it needs to reach that growth target. So it isn't actually growing on it's own, they are forcing the numbers up to an insane degree just to keep things afloat.
Now, a lot of governments use debt to boost their economy. The problem is with the way China does it - they spend the money on the supply-side, not the demand side.
To put it simply - much of the growth from that GDP doesn't go to the people. It goes to unproductive assets and oversupply of goods. The people aren't feeling hardly any of that 5-6% you speak of, but it allows people to go on youtube and say "Look! It's growing at 5-6%!"...while much of the country suffers.
Because there is no real growth, you have decline in foreign investment, real estate, domestic consumption, exports so how is growing??
Those numbers are for idiots to chew.
@@valetudo1569
For the same token, US and EU continue to print money at will to inflate artificial growth at the expense of high inflation.
LOL U$ banks are collapsing....but "look over there" classic U$ propag
If I saw my nest egg drop in value month by month, I will also stop spending and start saving more.
Naaaah, id prefer not made in china
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
El no condenar la invasion rusa a Ucrania es lo que realmente lo afecto, ya que USA y la Union Europea ya no le tienen confianza y trataran de sacar lo mas que puedan sus negocios de ahi.
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.
Talk about slowdown when China is at >5%, meanwhile the US is at 1.5%. Funny.
so including Bloomberg
China‘s GDP growth rate in 2023 ：5.8% ------ great slowdown
American’s GDP growth rate in 2023：1.8 % --------- great leap forward
American logic😂😂😂😂😂
Rofl
Bro it's not personal
@@bt7528 yeah，it's just fake news
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.
Wahaga china..leave the West Philippine sea... accept your defeat in Asian game..
"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.
So what about the west?
' Homelessness and mass shooting, just another Tuesday. Lets talk about China instead! '
Do you really believe the 5 percent growth.
It's crashing down!
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.
Ha, ha ha ha, haaaaa! So much for what Bloomberg thinks about China.
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.
Inorganic growth is damaging in the long term even though in the short-term it seems great aka China. Organic growth is India.
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
Baloney quoting of faked economic stats. LOL
The country that buys the most Chinese products is the United States
Yeah, but it's going down year on year with the rate increasing as we speak. With complex supply chains changes are usually slow, but the trend is clear. Foreign investment in China is down with most investors trying to get their money out.
@@kitolzjajaja 😂😂. The USA es too lazy. They don't want to do many of industrial taskes. Ok. China Will Smith to have the 7 nm microchips i'm that moment....
@@MrGatorress The US and the rest of the world are shifting manufacturing to Vietnam, Thailand, India, Mexico, etc..
No idea what you mean with your last sentence.
@@kitolz United States' trade with China is still peaking as we speak.
@@joaovoador05 That is just factually incorrect based on China's own reports.
They cant grow forever. When reach a more advance level, you development become slower. There is no drama here.
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
Bloomberg sounds naive, by taking CCP's stats at face value.
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.
China slowdowns are normal as expected. Whether the political decision was right or wrong,
times will tell.
When the engines are shut over a long period of time(locked down), to restart, it will take time to warm up, while some parts may have to be replaced due to inactivity and corrosion.
Once these are rectified, they will see if those engines still work and take corrective measures.
Now, compare that with the West and especially the US, whose lockdowns are harder to control. What has their economy fair?
The EU is in the deep holes, and the US is just round the corner if not for the military industrial complexes and the fiat USD. They carry an extra burden in the Ukraine war to waddle through.
Hence, big news or not is up to your biased thoughts, but the realities will come sooner or later.
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.
Funny west
West has 1% growth rate
China has 5-6% growth rate
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?
Poor China . . . How sad . . . Boo Hoo.
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 🤣
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.
This is how GDP is calculated. People buy 100M apartment blcock. That 100M is added to the book. The company build it get pay 100M, that 100M is added to the book. The subcontractor get pay 50M to do the works, the 50M is added to the book. So there is 250M value "added" to the economy to build a concrete frame unfinish structure that no one can use. And then they build another right next to it. Another 250M and another 250M.
The ripple effects: realestate agen makes commission, the owner of the concrete frame apartment few rich they both go buy some BYD car, that transaction value added to GDP. And you know how the story end, the BYD battery goes up in flame.
Many countries have their way to count GDP, for example my neighbor, the USA, you sell your stolen goods, that is counted towards GDP.
Excellent explanation.
Close the door when you leave china,and leave it shut...
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 gbt is at 5.2.. US ,europe are worse
I heard about that view every single day in last 3 decades...
1. China's GDP per person is incredibly low. 2. Managed economies never work.
Thanks, Xi, Continue the shoddy work. PS: try a low carb diet.
10 more years to go Mr Hagen.
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.
The problem is you can't be half communist
As a Chinese, I have heard the same point of view since 20 years ago.🤣
Another hit piece: China is about to collapse.
If the central government says 5%, round down to 2.5%
I doubt the economy is growing at 5.5% in 2023. Those are inflated numbers.
去问IMF😂
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.
So, it's not just the USA going through an economic crisis after the pandemic. 😄
Hmm so we call all time high stock rate and GDP growth a economic crisis? Deluded perhaps? 😅
Trust once lost isn't regained so easily.
Very poor artificial sounding voices.
How you guys tip toe around ccp insults is so cute.
Love China from Indonesia
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?
eff china
down with the 9-dash line~!
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
I’m not sure this point of view is accurate, the name of the video is a bit fatalistic, China is a very difficult economy to understand, even for western experts,
Well it says slowdown, not crash or collapse.
I’m so glad China is about to experience deflation.
Yep China is dead, India will overtake China in 2024.
Cry
Tello us without crying stup....i.
..😂😂😂😂😂
People like you have been dying for bad news about China, you nearly ran out of copium from the 2010s.....
Your comment aged well. Just heard they're experiencing a déflation but we shouldn't be happy about that
Posted on 31st January 2023.
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
假如中国出生率为0，中国的人力依然能支撑到2060年。美国美元债务能支撑哪年？😏
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.
@@骋怀нет. 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
Why can't they say communism sucks???
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.
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.
I don,t think china is in trouble 😂😂
how much UK，US, Canada's growth rate? Much lower than China!
The world never ask the right question since 1978: should this country ruled by dictatorship be rich?
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
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.
Some say the 5% gdp is overstated. It could even be -5% gdp.
Hearsay? Get a brain, will you??
Hope this means they are less military bully of its neighbors
Military? China never bombed 100 countries
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.
authoritarian states are the best equipped to deal with the incoming civil unrest and poverty resulted from deglobalization. They are in no trouble whatsoever. Logic dictates that they are not the one on the verge of a collapse.
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.
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.