Both can be true. Exports are only one component of the economy. Also, high exports (market share) doesn't mean high profitability, particularly in industries that are heavily subsidized.
No not Schrodinger's cat! -- It is illegal by the WTO rules, which China signed up for like all other member nations, to over-produce when you can't sell into your own market -- it is called dumping (into other markets) particularly when you are heavily subsidized by your own government (subsidies) -- Ironically, China has accused a myriad of other nations of doing same thing - including Australia with of all things, wine and beef!!!
Let's stay focused on 2025, and what the economy is actually doing. If someone claimed that the US economy and its geopolitical hegemony would be soon collapsing, I'm sure you and other supporters of China, Russia, North Korea, and Iran would gladly report it without evidence.
@RiteMoEquations just because I can see the truth behind Chinas economy, doesn't mean I'm a supporter. I dont believe either China or the USA's economies will collapse, the chance is quite slim. There is indeed a lot of individuals making that claim that USA's economy is collapsing, but I don't claim it to be true.
@@RiteMoEquationsCertain people yes would do that, because it's only because people today can't deal with an objective discussion about anything. It's all emotional and no substance. The Chinese economy is unlike any economic model anywhere in the world. Making empty predictions hoping to see the Chinese people suffer again won't change the fundamentals that have made the country successful.
According to CCP: nothing is impossible, everything in chn is great, 5% growth , wage increases (only official), more high speed rails , things are cheaper... 😂 😃 😂
Well, why don't they use the imaginary trillion to boost internal demand? Maybe because the commies cook their books? Obvious lack of liquidity but boasting of a surplus, China is like Parmalat 😂
BTW, Chinese exports and imports are at record levels, without the US & Euro markets, naturally it wont be growth at 10%, but 3-5% is still better than the US 2%
Us grew 2.9% in 2023. China maybe grew 1-2% faster than that. It is obvious at this point that China will not vastly surpass the US economically like the smaller countries before (Japan for example), and will probably remain around parity with it for decades to come, maybe very slowly grow from being a bit smaller today to a bit larger in say 2050. Of course only time will tell for a certainty.
@@zacksmith5963he does know. Listen good!! He just can’t give an accurate number. Since the official numbers are way off and the actual numbers can only be estimated with what they know is true
@@007kingifrit actually they didn't . Cia actively created issues for ussr and other nations . WASHINGTON (Reuters) - Two years into office, President Donald Trump authorised the Central Intelligence Agency to launch a clandestine campaign on Chinese social media aimed at turning public opinion in China against its government, according to former US officials with direct knowledge of the highly classified operation. Three former officials told Reuters that the CIA created a small team of operatives who used bogus internet identities to spread negative narratives about Xi Jinping’s government while leaking disparaging intelligence to overseas news outlets. The effort, which began in 2019, has not been previously reported.
I’m not sure German economy is good or bad, or China which is much bigger country, why don’t we ask ChatGPT?! At least it has a fair view from all data it collected from it LLM
China is readjusting its economic model, moving away from a heavy reliance on the property market and an export-oriented business framework. This transformation is likely to cause some contraction. At the same time, they are realigning their GDP calculation formula to provide more accurate figures for comparison with the fiat GDP of countries like the US.
Property/construction is 30% of the entire economy of China. Export is the rest. So what you are saying (making up) is that China is going to change their entire country to do something else - all the companies, jobs, the infrastructure. And what would this new source of unlimited wealth be if not construction and export?
@@thornelderfin The problem is that Beijing realizes the existing model no longer works. The major Chinese property giants, listed in Hong Kong and backed by significant foreign investment, created enormous leverage and bubbles in the Chinese property sector. Additionally, when Trump imposed a 25% tariff on all Chinese products, it disrupted the symbiotic relationship between the West and China that had developed over the past four decades. This is why Beijing is investing trillions of dollars in infrastructure in the Global South through the Belt and Road Initiative, aiming to create new trade routes and markets away from advanced economies. They are also enhancing BRICS as an alternative international financial and economic bloc, distancing themselves from the West. Beijing must face these challenges, move on from the good old days, and turn the page.
@@winsonip4447You can't compare the US economy with China's. The currency in China is also fiat and backed by debt, so you're not making a valid argument. Stick to China and other comparable economies. The US is an old and stable economy that free markets can measure.
Wuzhou, Guangxi, near Guangdong and Shenzhen, is set to become an innovation hub by 2025, driven by China's focus on technological and economic growth. Excelling in AI, robotics, biotech, and agritech, its rise reflects Shenzhen-inspired policies like Made in China 2025, integration within the Greater Bay Area linking Guangdong, Hong Kong, and Macau, urban modernization through smart development, and enhanced connectivity via the Belt and Road Initiative. Wuzhou exemplifies China's ambition for innovation-driven progress.
This is not about tariffs, this is about the fact that what is being stated to the outside world isn't what matches reality. Since the method of how China presents their data is sort of obfuscated, there is usually a lot of effort trying to figure out what their actual numbers really are.
China isn't a free Market. They don't even allow car companies to sell in china unless they manufacture there and form Joint venture with 50% share sold. And forget about your IP, china will steal it. Tariffs come nowhere near what china does
not really - Germany has one of the top gdp PP anywhere in the world. It's a high income, high wealth country. Low growth is disappointing, but they have already fully developed. China is a middle income country with low to average wealth PP. It is not fully developed. Low growth isn't disappointing, it's a disaster.
@@user-vc5zt9ci12 not for long as all legacy auto will be bankrupt within 5 years. Germany and Japan will be hurt most with the collapse of their auto industry to Tesla and Chinese ev manufacturers. But you already know all this.
The only sanction is in semiconductor tech. The tariffs are due to product dumping with even indonesia brazil mexico thailand etc placing tariffs. It is response of whole world as china is killing local jobs using subsidy to maintain its own economy
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇸dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Mrs Maria I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
In 2023, China's per capita electricity generation will have surpassed Germany's. Germany's per capita electricity generation has fallen by 10% since 2008. This is a more realistic figure than GDP growth.
This man is right. I live in a very wealthy part of China and even here people are hurting financially and youth struggling to find jobs. If there is 5% growth - nobody knows where it is going because its not felt even in an area like mine that typically has high economic growth.
Of course China's economy is collapsing, isn't this what you wish for , dream, hope, fantasize, obsess and pray about? It's true and I am sure you can barely "contain" your schadenfreude.
You check other economic indicators such as imports and demand for energy. Russia, China, North Korea, and Iran have no problem lying about their GDP growth rates.
Americans have always made this argument, even as far back as the early 2000s they disputed China's 10% growth. Americans look at a countries stock market and credit growth to determine its prosperity, however China remains a country of savers without the financialisation typical of the US. The Western argument about a consumption economy is underpinned by the US reserve currency status, it requires and is subsidised by transfers from the rest of the world through interest rate manipulations.
Except there is data to show that China's growth is exaggerated.There was a study done that found strong correlation between light pollution and GDP per capita around the world. Except for China. It would seem the GDP is overstated by as much as 60%.
@@arcticfoxsa And where was this data obtained? Langley. The only people that can obtain data on China is its government, everyone else is guessing. Light pollution is closely related to electricity production and consumption. Chinese light pollution in its populated eastern urban conurbations pretty much match the distribution and intensity in the West. In fact China produces more electricity than the EU and US combined.
No one actually looking, except wumao, including the Chinese middle class believe what they hear. The only thing they need to do is to look out of the window and they do. They don't speak though
I honestly don't understand this obsession with the Chinese economy. Every European and American politicians and certain economists have been praying for the downfall of the Chinese economy without success. It's okay to admit that certain people do not understand how the Chinese economy works . Because people are beginning to look like fools.🤦
No, you take a look at all the third and fourth tier cities in China, all the rural villages, where people have no windows in their homes. China is only developed on a thin stretch of coastline. It's all based on selling stuff to the West. What if the rest of the World buys in Vietnam or at home? When Trump enacts those tariffs... goodnight China, goodnight CCP. It's less than a week from now. Oh no!
China would'nt care what others say about their economy, their growth and their well beings. They continue to move in a way they think that fit them, that would bring happiness to their citizens, so any comment, whether positive or negative, would not affect their behaviour. I for one believe that China is doing well, they did well for the past 30 plus years and will continue to perform well.
China has to care what countries and people say, because that is where China exports to. China can only ignore the world if her domestic consumption can keep up with the production. And that is really what the person in the video talked about.
@@mrmosk2011nahhh china will be fine without export anything to nation you try to mention but the problem is china will close its market to nation your try to mention and they definitely wouldn’t be happy with China.
@@mrmosk2011 nahhh china will be fine without export anything to nation you try to mention but the problem is china will close its market to nation your try to mention and they definitely wouldn’t be happy with China.
"Let’s get one thing straight: the last 70 years speak for themselves- 1. 🇺🇸 United States: $550 trillion 🤐 2. 🇨🇳 China: $130 trillion ☠️ 3. 🇷🇺 Russia/Soviet Union: $80 trillion 💀 4. 🇯🇵 Japan: $70 trillion 5. 🇩🇪 Germany: $65 trillion 6. 🇮🇳 India: $55 trillion 7. 🇬🇧 United Kingdom: $50 trillion 8. 🇫🇷 France: $50 trillion 9. 🇮🇹 Italy: $45 trillion 10. 🇨🇦 Canada: $40 trillion Now, let’s not forget who rules the game. The U.S. not only has the dollar, but the printer, and the global military experience to back it up. Over 200 years of real world-building and unmatched power projection. Wars? That’s America’s chessboard-where everyone else struggles to play checkers. Hate all you want, but this is the reality of dominance. 🇺🇸💪"
The funniest part is that western "economists" continue to allege that China is overstating its economic data... ... when the opposite is true :D :D :D China is massively underreporting its GDP numbers.
@@KwisatzHaderach01 i believed that before. However, last year, I went to gansu, qinghai and xinjiang. I found that if these west are 3rd world cities, most cities in europe are 4 or 5th cities
I think the key point is that China relies on exports to grow its economy after the housing market collapsed. Even if China’s 5% growth is real, how can she grow faster than the markets she exports to? Both the US and EU countries have much lower growth rate and they are the biggest markets for Chinese export goods. This is also a problem for smaller economies facing Chinese exports and that is why they also are setting up trade barriers. This is why in principle China can only sustain growth by increase domestic consumption. If Chinese people’s income can grow at pace of the economic growth, then she can consume the increased production and not just rely on exports market.
Actually trade with US fell drastically. But China are exporting to more countries, meanwhile getting more market shares from Japan, Korea, Germany etc (car exports for example).
nope, exports only counts 18% of total GDP for China now, well below Germany’s 50.9% (2022). with new trade grows along One belt one Road, China can affords trade wars with the west.
Just look at China's physical data : electricity consumption, power generation, inland logistics, HSR passenfers, port teu, customs export FoB data, CIF China data reported by WW foreign ports and customs. Everything is up year on year exception oil consumption explained by electrification. To argue about GDP is a waste of time since people have a real phyical live.
The trade surplus is due to falling imports? Falling imports due to falling domestic demand? So the total dollar value of Chinese exports in 2024 was anemic? Is this true?
@ How much their productivity percapita, workers productivity perhour, purchasing power percapita, percentage spending on basic goods, etc. That's how you measured two different society objectively, and China is still far behind the US in every metrics.
@KwisatzHaderach01 China (11.9 metric tons) is behind the US (13.8 metric tons) in per capita carbon dioxide emissions. "That's how you measured two society [sic] objectively." Environmental health affects economic health. This is partly why the US has some of the highest healthcare costs in the developed world.
China is behind the US in carbon dioxide emissions per capita. Environmental health affects economic health. This is partly why the US has some of the highest healthcare costs in the developed world.
The last bit of commentary about priorities was spot on. It should be pretty obvious now that something else tops the priority list, something other than economic growth, which was largely the top priority since Deng’s opening up era, with the only exception being the 1989 event. Therefore, people and capital looking for sustainable economic returns should really look elsewhere…
Stop trying to compare the US with China. The American economic indicators are accurate. The CCP figures are unreliable. If you're going to be a CCP bot, get your facts together.
Xi Jinping, “Power Must be Caged by the System”, Qiushi, January 22, 2013: “We should continue to catch “tigers” as well as “flies” when dealing with cases of leading officials in violation of Party discipline and state laws as well as misconduct and corruption problems that directly affect the people’s interests. All are equal before the law and Party discipline; whoever is involved in a corruption case must be thoroughly and impartially investigated.” The results, after 11 years of Xi’s anti-corruption campaign? “Corruption is RAMPANT in China!” -Victor Gao, Al Jazeera, August 2024 in front of a live international audience.
China is already developed so there is less infrastructure and housing development 😂. So China is smart not to use money for nonsense activities to soar gdp😂😂😂. These expert are lying 😂😂😂
I wonder why they think that? They had a trade surplus of $1 trillion in 2024, an increase of 12%. They have also build a an automobile industry, the largest exporter of cars in 2024. Consumption growth is reduced because they aren't buying overpriced German or American vehicles. for one thing.
I’ve created many hundreds of forecasts / financial plans. And, I never had to create one with 25% of the business down -20%. That’s what has happened over the past 2 years in China. There just aren’t enough other segments of the economy to make up that difference.
Xi Jinping, “Power Must be Caged by the System”, Qiushi, January 22, 2013: “We should continue to catch “tigers” as well as “flies” when dealing with cases of leading officials in violation of Party discipline and state laws as well as misconduct and corruption problems that directly affect the people’s interests. All are equal before the law and Party discipline; whoever is involved in a corruption case must be thoroughly and impartially investigated.” The results, after 11 years of Xi’s anti-corruption campaign? “Corruption is RAMPANT in China!” -Victor Gao, Al Jazeera, August 2024 in front of a live international audience.
Certainly China is weaker due to negative international factors such as the decline in the German economic standard, since we simultaneously live on the same globe.
@@aslampervez2294 Oh yes, Russia is doing so well that Central Bank is now openly talking about stealing money from their own citizens in every bank in Russia that is over the value of 13k USD (in Rubles of course). That is a sign of prosperity.
Not only China but Argentina also inflates its gdp figures. And let's not talk about Ethiopia, Nigeria or Algeria in which its official gdp numbers are inflated by a whopping 80%. Also china's population is approximately a billion not 1.4
It is good that there are people still believes that China is weaker than it is. It would only mean the hare can stop and take a nap while the turtle goes past it. Sweet dream, dear Mr. Hare 😀
I would say enough the witch hunting. Everything that goes up will go down, because nothing lasts forever. Not only China, but also countries like Germany, UK, France etc. We are together in this global hardship, regardless of our national identity 🤷🏼♀️
I would agree with you, but the Chinese mindset is hyper competitive and hyper nationalistic. I worked there for just shy of a decade and got a good understanding of the prevailing culture and values. We *should* all be in this together, but they absolutely not interested in that.
Not that great when countries now start to tariff their wares because they are dumping products on the rest of the world. Even BRICS countries are fed up.
Xi Jinping, “Power Must be Caged by the System”, Qiushi, January 22, 2013: “We should continue to catch “tigers” as well as “flies” when dealing with cases of leading officials in violation of Party discipline and state laws as well as misconduct and corruption problems that directly affect the people’s interests. All are equal before the law and Party discipline; whoever is involved in a corruption case must be thoroughly and impartially investigated.” The results, after 11 years of Xi’s anti-corruption campaign? “Corruption is RAMPANT in China!” -Victor Gao, Al Jazeera, August 2024 in front of a live international audience.
We are tired about Ruxia economy blocked & collapsed, fight with shovel, 500k RUAF wiped, China economy worsening. The reality is Everything is ok but EU
Mainland China is a 'Unicorn' country where its economy grows even if no one is working (except for the CCP bureaucrats and statisticians manipulating data)! As to how much it grows, the number will be pulled out of thin air by Chairman Xi, and then everyone else down the system will cook the data to fit it. There are scientifically robust papers, including by Prof. Martinez of U. of Chicago, showing PRC has been overstating its GDP growth going back to mid 2010s and that its real GDP is likely overstated by 40% or more.
Lovely when western intellectuals analysts etc discuss China with each other and know everything. Why do not you guys discuss China with Chinese instead ?
Stop right there. The orders for Chinese goods has INCREASED and you can see it from international trades that are reported. Someone is not telling the truth, but the orders dont lie.
China is the number one economy in the world. Americans and other western countries have a difficult time recognizing that fact. America is mostly a deficit funded economy which will be soon paying more than 1 Trillion USD in interest while China had a trade surplus of 1 Trillion dollars.
@KRBKRB-zi6di , most of the debts are local government debt owed to banks which are basically owned and controlled by the state. Basically, the government printed money for infrastructure development and technological Investment. It owes money to itself. Inflation level is low, in spite of the money printing. A lot of US papers on the other hand are in the hands of foreign central banks and investors all over the world. The debt was used to fund social expenditure as taxes are inadequate. The rich are not paying. When looking at debt (liability). Many do not understand you also need to see whether assets, especially income producing ones, have been created.
Redirecting gdp toward consumption implies all kinds of changes to the balance of power. Xi poppled the real estate bubble and then retreated. The busting of the bubble wiped out the balance sheets of the Chinese consumers, like Japan.
According to statistics, the housing ownership rate of urban households in China is 96.0%, with 58.4% of households owning one house, 31.0% owning two houses, and 10.5% owning three or more houses. The average household owns 1.5 houses. So nowadays, there is an oversupply of houses. However, their bright spots has been in building ships cars, and chips. They accounted for 70% of the world's ship building capacity.
@Hovrap Indonesia's per capita GDP is less than $5,000 (USD). Maybe you should worry more about your own country's economy than China's But congratulations for joining BriCs! Answer me this: What does the C in Brics stand for again?
China's Trade Deficit is according to China 389 Billion but it is much worse than that in reality as they've have too many crop failures due to crazy gov't interference in farming.
@@zacksmith5963 IMF growth numbers are based on the numbers provided by the country. If the country lies about the numbers, then IMF numbers are also wrong.
Schrodinger's China. On the one hand, the economy is collapsing, on the other hand, their exports are massive and unfair.
Both can be true. Exports are only one component of the economy. Also, high exports (market share) doesn't mean high profitability, particularly in industries that are heavily subsidized.
Nope. Exports are slowing dramatically and they are heavily subsidised. China also have a huge oversupply problem.
Not a contradiction.
No not Schrodinger's cat! -- It is illegal by the WTO rules, which China signed up for like all other member nations, to over-produce when you can't sell into your own market -- it is called dumping (into other markets) particularly when you are heavily subsidized by your own government (subsidies) -- Ironically, China has accused a myriad of other nations of doing same thing - including Australia with of all things, wine and beef!!!
@@stephenpercy4643 source , proof ????
Last 3 years? It's overstating it since last 20 years
*At least*
there was, is no growth at all, all these years, Chinese government make these numbers every years. you happy, that's good enough for you
Yes 5% exactly every year without fail - thats rubbish
Yeah over stating it but guess what, they are growing faster than anyone else and their gdp proves that
@@williamwatitwa3534 Their GDP figures are made up each year to suit the CCP. They don't deserve to be in the WTO or the UN or the UPU
Some people still believe in Gordon Chang, the one and only! He, who predicted the collapse of the chinese economy by 2012.
in 2001 with his book?
Let's stay focused on 2025, and what the economy is actually doing.
If someone claimed that the US economy and its geopolitical hegemony would be soon collapsing, I'm sure you and other supporters of China, Russia, North Korea, and Iran would gladly report it without evidence.
@RiteMoEquations just because I can see the truth behind Chinas economy, doesn't mean I'm a supporter.
I dont believe either China or the USA's economies will collapse, the chance is quite slim. There is indeed a lot of individuals making that claim that USA's economy is collapsing, but I don't claim it to be true.
The false prophet who made money selling lies about china, it's really laughable.
@@RiteMoEquationsCertain people yes would do that, because it's only because people today can't deal with an objective discussion about anything. It's all emotional and no substance.
The Chinese economy is unlike any economic model anywhere in the world. Making empty predictions hoping to see the Chinese people suffer again won't change the fundamentals that have made the country successful.
Yes we get it. DW news is the new BBC.
No need to be nasty
@@alexswanson7127 LOL.. so BBC is a slur now..
This is open truth.
lol the CCP 50 cent army is mad.
Any specific points guest brought up that you'd like to address? Or are you just plugging your ears going la la la can't hear you
Chyna has been cooking the books for decades.
it's their main (only?) calling-card
Has been working
Cooking books has made them the manufacturing capital of the world,
Prove it . Waiting
@@zacksmith5963 they don't even know how many are gone after vovid, how can they be sure of their population number which is required to calculate GDP
Are you saying they are not being honest? Who would ever have thunk that was possible!
According to CCP: nothing is impossible, everything in chn is great, 5% growth , wage increases (only official), more high speed rails , things are cheaper...
😂 😃 😂
If an economy has a surplus of almost 1 trillion dollars is doing worse- I'll take that anytime.
if almost whole country works like slaves its not alot
Where is this imaginary surplus of 1 trillion dollars? Is it in the room with us right now?
Well, why don't they use the imaginary trillion to boost internal demand? Maybe because the commies cook their books? Obvious lack of liquidity but boasting of a surplus, China is like Parmalat 😂
Let the markets speak for themselves. No one asked what you'll take because no one offered you a trillion dollar surplus of anything.
Anytime anyday, that's a promise.
BTW, Chinese exports and imports are at record levels, without the US & Euro markets, naturally it wont be growth at 10%, but 3-5% is still better than the US 2%
Us grew 2.9% in 2023. China maybe grew 1-2% faster than that. It is obvious at this point that China will not vastly surpass the US economically like the smaller countries before (Japan for example), and will probably remain around parity with it for decades to come, maybe very slowly grow from being a bit smaller today to a bit larger in say 2050. Of course only time will tell for a certainty.
@ When will you figure in the BRICS BRI New Silk Road trade route when the DIVORCE from the US is complete? 🤣🤣🤣
2% of US growth is bigger than 5% of China's.
China's imports are falling and they are overstocked too creating further issues. Some might suspect they were stocking up for a reason.
@@chasx7062 : What about BRICS? What does it do? Anything?
This guy is probably one of the smartest people you've had as a guest for a long time. No filler whatsoever
Prove it
Logan is such a great analyst, so clear and concise, plus the key facts he quoted, very balanced analysis. Please get him back more to this channel.
@@Buckhurst4 1:05 he openly admitted he doesn't know
IMF and WORLD BANK already admitted chinese growth is 4.9%
@@zacksmith5963he does know. Listen good!! He just can’t give an accurate number. Since the official numbers are way off and the actual numbers can only be estimated with what they know is true
2.8% is probably military manufacturing and investment into real estate to avoid collapse
Prove it
They spend much more than 2.8% on military. The problem there is the huge corruption soaks up many billions.
It's going to collapse tomorrow... am i right guys?
Remember cia playbook. Claim someone is not doing good
@@zacksmith5963 actually the CIA in the 80s refused to believe the USSR was collapsing.
@@007kingifrit actually they didn't . Cia actively created issues for ussr and other nations .
WASHINGTON (Reuters) - Two years into office, President Donald Trump authorised the Central Intelligence Agency to launch a clandestine campaign on Chinese social media aimed at turning public opinion in China against its government, according to former US officials with direct knowledge of the highly classified operation.
Three former officials told Reuters that the CIA created a small team of operatives who used bogus internet identities to spread negative narratives about Xi Jinping’s government while leaking disparaging intelligence to overseas news outlets. The effort, which began in 2019, has not been previously reported.
Chinese bots getting angry
How's war going 😂??
Pakistani and Bangladeshi
says the CIA bot
@@Austine1452 poor Chinese spotted😂😂
@@munnakhan8961 How is Gaza?🤣
Whaaaaat? Nooooo.... The CCP would never lie to us!....
What really ? Prove it . Wanting
Unlike the american government that totally wouldn’t do that!
@@jacksmith-mu3ee speak to Chinese ppl that moved to your country.
@@aaronyaunt9072 us gov doesn't invite you for tea.
@jondoe1622
Mike Pompeo, ex CIA chief: we lie we cheat and we steal. That's what America is about
I’m not sure German economy is good or bad, or China which is much bigger country, why don’t we ask ChatGPT?! At least it has a fair view from all data it collected from it LLM
China is readjusting its economic model, moving away from a heavy reliance on the property market and an export-oriented business framework. This transformation is likely to cause some contraction. At the same time, they are realigning their GDP calculation formula to provide more accurate figures for comparison with the fiat GDP of countries like the US.
😅
Property/construction is 30% of the entire economy of China. Export is the rest. So what you are saying (making up) is that China is going to change their entire country to do something else - all the companies, jobs, the infrastructure. And what would this new source of unlimited wealth be if not construction and export?
😂
@@thornelderfin The problem is that Beijing realizes the existing model no longer works. The major Chinese property giants, listed in Hong Kong and backed by significant foreign investment, created enormous leverage and bubbles in the Chinese property sector. Additionally, when Trump imposed a 25% tariff on all Chinese products, it disrupted the symbiotic relationship between the West and China that had developed over the past four decades. This is why Beijing is investing trillions of dollars in infrastructure in the Global South through the Belt and Road Initiative, aiming to create new trade routes and markets away from advanced economies. They are also enhancing BRICS as an alternative international financial and economic bloc, distancing themselves from the West. Beijing must face these challenges, move on from the good old days, and turn the page.
@@winsonip4447You can't compare the US economy with China's. The currency in China is also fiat and backed by debt, so you're not making a valid argument. Stick to China and other comparable economies. The US is an old and stable economy that free markets can measure.
At least, it will offer an AI version of it, DW has been saying China collapsing for quite some time now … ha!
You guys are telling same sentence more than 3 decades, west Gordon Chong
Nope. This only stated with Xinnie the Pooh. There was an economist who predicted it would happen and it seems he was right.
Wuzhou, Guangxi, near Guangdong and Shenzhen, is set to become an innovation hub by 2025, driven by China's focus on technological and economic growth. Excelling in AI, robotics, biotech, and agritech, its rise reflects Shenzhen-inspired policies like Made in China 2025, integration within the Greater Bay Area linking Guangdong, Hong Kong, and Macau, urban modernization through smart development, and enhanced connectivity via the Belt and Road Initiative. Wuzhou exemplifies China's ambition for innovation-driven progress.
😂china youngers cant find a job😢over 50％ like me lying at home
-1000 social points for you!
I wish you good luck
@@123pangolin 😂nah,i already lying at home 4 years
i syill lying 3 yeas😂
@月影CHR Agreed . 🇺🇸 is 40 trillion $ in debt to 🇨🇳 alone
Mr talking rubbish,eating too much rubbish.
So China is not growing but you are putting tariffs and trying to hold it back complaining about surplus production
nah. their narrative is "bc of OUR TARIFFS, china will collapse. applaud ppl👏👏"
This is not about tariffs, this is about the fact that what is being stated to the outside world isn't what matches reality. Since the method of how China presents their data is sort of obfuscated, there is usually a lot of effort trying to figure out what their actual numbers really are.
China isn't a free Market. They don't even allow car companies to sell in china unless they manufacture there and form Joint venture with 50% share sold. And forget about your IP, china will steal it.
Tariffs come nowhere near what china does
Dumping cheap products on the market and healthy economic growth are not the same thing.
@@AndrewNorman-x7h dumping wouldn't yield trade surplus
This news is coming from Germany, the country that needs help with its economy the most 😂😂.
not really - Germany has one of the top gdp PP anywhere in the world. It's a high income, high wealth country. Low growth is disappointing, but they have already fully developed.
China is a middle income country with low to average wealth PP. It is not fully developed. Low growth isn't disappointing, it's a disaster.
What about German? What about LA fire? What about your mama is on my bed?
Yet, mainland Chinese will give up everything to live in Germany.
@@user-vc5zt9ci12 was
@@user-vc5zt9ci12 not for long as all legacy auto will be bankrupt within 5 years. Germany and Japan will be hurt most with the collapse of their auto industry to Tesla and Chinese ev manufacturers. But you already know all this.
Why is the US applying so many sanctions if the Chinese economy is not "strong" ? I would contend that the world needs a robust Chinese economy
Cuz the us wants to dominate China? Duh
Your wife having any influence over that opinion 😂 🍜
The only sanction is in semiconductor tech. The tariffs are due to product dumping with even indonesia brazil mexico thailand etc placing tariffs. It is response of whole world as china is killing local jobs using subsidy to maintain its own economy
She's like his daughter 😮@@AlexThipthorp
China trying to grow by flooding the world with cheap goods relative to other producers.
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Well explain thank you for bringing up this video
Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇸dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Mrs Maria I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
Maria davis program is widely available online..
This guy is the white Gordon Chang.. 😂😂😂
In 2023, China's per capita electricity generation will have surpassed Germany's. Germany's per capita electricity generation has fallen by 10% since 2008. This is a more realistic figure than GDP growth.
25% Electricity in Germany is used for residential purposes.vs 11% in China 🇨🇳
This man is right. I live in a very wealthy part of China and even here people are hurting financially and youth struggling to find jobs. If there is 5% growth - nobody knows where it is going because its not felt even in an area like mine that typically has high economic growth.
Wake up, u don’t live in China. 🤖
Really? Mind sharing the name of your city, district and neighborhood?
@@valetudo1569 u r not in China.
@TienyeeTien Lol I am. 我在中国已经住了六年半了
@@valetudo1569 Agreed . 🇺🇸 is 40 trillion $ in debt to 🇨🇳 alone
Of course China's economy is collapsing, isn't this what you wish for , dream, hope, fantasize, obsess and pray about? It's true and I am sure you can barely "contain" your schadenfreude.
When our politicians and MSM can start minding your own business? 12 eggs in NYC hits $10 now!
I live in New York. 12 eggs for 10 bucks is actually cheap.
If you can't believe what the CCP says, who can you believe? 😂😂😂😂😂😅😅😮😮😅😂
It is not about believing. It is about analysing public data sourced by CCP and finding incoherences. So yes, math don't lie, people lie.
You check other economic indicators such as imports and demand for energy. Russia, China, North Korea, and Iran have no problem lying about their GDP growth rates.
I believe your mom.
The FBI and CIA are more believable.
If you can't believe DW news .. who can you believe...
waister of time!!!
Americans have always made this argument, even as far back as the early 2000s they disputed China's 10% growth. Americans look at a countries stock market and credit growth to determine its prosperity, however China remains a country of savers without the financialisation typical of the US. The Western argument about a consumption economy is underpinned by the US reserve currency status, it requires and is subsidised by transfers from the rest of the world through interest rate manipulations.
Except there is data to show that China's growth is exaggerated.There was a study done that found strong correlation between light pollution and GDP per capita around the world. Except for China. It would seem the GDP is overstated by as much as 60%.
@@arcticfoxsa And where was this data obtained? Langley. The only people that can obtain data on China is its government, everyone else is guessing.
Light pollution is closely related to electricity production and consumption. Chinese light pollution in its populated eastern urban conurbations pretty much match the distribution and intensity in the West. In fact China produces more electricity than the EU and US combined.
@@arcticfoxsa Imagine trying to put Light Pollution as source os data lol. Rather than China energy consumption growth that has never stop growing.
@@JA-pn4ji what if its just the country has many people that kept forgetting to turn off their lights? 🤣
There are also many studies saying it was understated. BC it uses a different method than the US.
Keep talking about China's alleged collapse instead of your own. Please show us the growth prediction of Germany, compared to China.
They covered up Coronavirus numbers, so it wouldn't surprise me if they did.
When was the last time you see communist red China tell the truth on anything? NEVER.
so u guys come from 2020
Cover up? Our western world has so many clever people, they cannot hide on our watch.
No one actually looking, except wumao, including the Chinese middle class believe what they hear. The only thing they need to do is to look out of the window and they do. They don't speak though
If there was nothing to hide, a country that is usually always boasting their successes would not hide
China per capita $10,000😅
poor than Mexico
I do not agree with your logic and your language is quite poor.
1.3 billion population 😂😂😂😂😂 America has only 330 million population.
@@miteshghadi3146 Just NATO alone is 1 billion people. Add Japan and South Korea, and you have equal numbers as China, except 5x the economy.
@@miteshghadi3146 350 million population and many allies.
the PPP is way higher in China.
Don't ask questions and keep sending them money. 😉
they love to talk about us, we also focused on ourselves. we like this phenomenal.
Forcus on your own economy rather than China.
DW focus on your own country German Economy.
Stick to your own country too 😢😢😢
They already have several videos on the German economy. You didn’t see them?
Have you ever heard of such weird concept as "international news"?
Why?🤣
This is international media
Can you even find it on a map ??
I honestly don't understand this obsession with the Chinese economy. Every European and American politicians and certain economists have been praying for the downfall of the Chinese economy without success. It's okay to admit that certain people do not understand how the Chinese economy works . Because people are beginning to look like fools.🤦
It is the decline of the political class in the Western world
They act like a ten year old children
It’s doing better than Germany
Look at Shanghai today and look at it 40 years ago, China is doing a lot better than most
Look at Hongkong today and look at Hongkong 40 years ago, turning a free city into an open prison.
No, you take a look at all the third and fourth tier cities in China, all the rural villages, where people have no windows in their homes. China is only developed on a thin stretch of coastline. It's all based on selling stuff to the West. What if the rest of the World buys in Vietnam or at home? When Trump enacts those tariffs... goodnight China, goodnight CCP. It's less than a week from now. Oh no!
@@FredRickenbacher isnt that new york
@PipinoExcalibur You haven't been to the cinema in 45 years, eh?
@@FredRickenbacherit has been in prison during british ocupation. Now, the city is finally free and it's people are not british slaves anymore
China gdp growth is actually - 50%. Are you happy with the fogure?
China would'nt care what others say about their economy, their growth and their well beings. They continue to move in a way they think that fit them, that would bring happiness to their citizens, so any comment, whether positive or negative, would not affect their behaviour. I for one believe that China is doing well, they did well for the past 30 plus years and will continue to perform well.
🤣🤣🤣🤣
China has to care what countries and people say, because that is where China exports to. China can only ignore the world if her domestic consumption can keep up with the production. And that is really what the person in the video talked about.
Denial ain’t just a river in Egypt 🤣 Best of luck!
@@mrmosk2011nahhh china will be fine without export anything to nation you try to mention but the problem is china will close its market to nation your try to mention and they definitely wouldn’t be happy with China.
@@mrmosk2011 nahhh china will be fine without export anything to nation you try to mention but the problem is china will close its market to nation your try to mention and they definitely wouldn’t be happy with China.
"Let’s get one thing straight: the last 70 years speak for themselves-
1. 🇺🇸 United States: $550 trillion 🤐
2. 🇨🇳 China: $130 trillion ☠️
3. 🇷🇺 Russia/Soviet Union: $80 trillion 💀
4. 🇯🇵 Japan: $70 trillion
5. 🇩🇪 Germany: $65 trillion
6. 🇮🇳 India: $55 trillion
7. 🇬🇧 United Kingdom: $50 trillion
8. 🇫🇷 France: $50 trillion
9. 🇮🇹 Italy: $45 trillion
10. 🇨🇦 Canada: $40 trillion
Now, let’s not forget who rules the game. The U.S. not only has the dollar, but the printer, and the global military experience to back it up. Over 200 years of real world-building and unmatched power projection. Wars? That’s America’s chessboard-where everyone else struggles to play checkers. Hate all you want, but this is the reality of dominance. 🇺🇸💪"
I don't know what to believe anymore,all I see is how advanced China is.
China is super advanced, but only on coastal cities. Go 200 km to the West it just ordinary 3rd world Asian nation
try chengdu，chongqing and Changsha
The funniest part is that western "economists" continue to allege that China is overstating its economic data...
... when the opposite is true :D :D :D
China is massively underreporting its GDP numbers.
@@KwisatzHaderach01 you ran away when asked to proof😂😂😂
@@KwisatzHaderach01 i believed that before. However, last year, I went to gansu, qinghai and xinjiang. I found that if these west are 3rd world cities, most cities in europe are 4 or 5th cities
I think the key point is that China relies on exports to grow its economy after the housing market collapsed. Even if China’s 5% growth is real, how can she grow faster than the markets she exports to? Both the US and EU countries have much lower growth rate and they are the biggest markets for Chinese export goods. This is also a problem for smaller economies facing Chinese exports and that is why they also are setting up trade barriers.
This is why in principle China can only sustain growth by increase domestic consumption. If Chinese people’s income can grow at pace of the economic growth, then she can consume the increased production and not just rely on exports market.
simple answer they are top trading partner with 150+ country
Actually trade with US fell drastically. But China are exporting to more countries, meanwhile getting more market shares from Japan, Korea, Germany etc (car exports for example).
nope, exports only counts 18% of total GDP for China now, well below Germany’s 50.9% (2022). with new trade grows along One belt one Road, China can affords trade wars with the west.
oh, so DW noticed this finally? What took you so long?
LOL... Chinese economy is so much better than Germany.
CCP‘s bots are flooding in~🐼
Source ? Proof ?
Copium western bots are flooding in😂😂
Tf are the comment filled with pro ccp?
Of course it’s slowing down there’s no denying it 😂 every country is struggling
Just look at China's physical data : electricity consumption, power generation, inland logistics, HSR passenfers, port teu, customs export FoB data, CIF China data reported by WW foreign ports and customs. Everything is up year on year exception oil consumption explained by electrification. To argue about GDP is a waste of time since people have a real phyical live.
Cue the whataboutism comments.
the only “defense “ they have
the 50-cent army is working full time
Cue the cognitive dissonance comments.
Source ? Proof ?
@@bullpup1337prove it . Waiting
The trade surplus is due to falling imports? Falling imports due to falling domestic demand? So the total dollar value of Chinese exports in 2024 was anemic? Is this true?
Economy belong to CCP.
Not people
Trumps goal...In my opinion
Economy in America belongs to Wall Street not the people. What’s your point 😂😂😂
一共有一亿CCP，算上他们的家人😂，大概是四亿人，我想足够代表中国了
@@DrojanaleTorvic American companies would not hold employee salary paid for many months like communist red China does.
@@zack7259 You mean represent Communist Red China.
While iUS s printing money deficit spending growth of less than 2 %
China with trade surplus and growth of 4.8% who you think is near collapse 😢
that's not how you measure economic health LOL.
@@KwisatzHaderach01 tell me how ?
@ How much their productivity percapita, workers productivity perhour, purchasing power percapita, percentage spending on basic goods, etc. That's how you measured two different society objectively, and China is still far behind the US in every metrics.
@KwisatzHaderach01
China (11.9 metric tons) is behind the US (13.8 metric tons) in per capita carbon dioxide emissions.
"That's how you measured two society [sic] objectively."
Environmental health affects economic health. This is partly why the US has some of the highest healthcare costs in the developed world.
China is behind the US in carbon dioxide emissions per capita.
Environmental health affects economic health. This is partly why the US has some of the highest healthcare costs in the developed world.
What about german economy 😂
Germany has mismanaged their economy very bad with their no nuclear energy and EV shift which destroys all the big BMW, mercedes and Audi
@wetadventure3164 0 growth from last 3 years
The last bit of commentary about priorities was spot on. It should be pretty obvious now that something else tops the priority list, something other than economic growth, which was largely the top priority since Deng’s opening up era, with the only exception being the 1989 event. Therefore, people and capital looking for sustainable economic returns should really look elsewhere…
What you talking about
They have 1t surplus this year 😅
And a 34 Trillion deficit.
@buildmotosykletist1987
Any source?
@@buildmotosykletist1987 that explains why 🇺🇸 is 34 trillion $ in debt to 🇨🇳
@@zacksmith5963 : How much is China's huge debt to America?
@@buildmotosykletist1987 🇺🇸 is 34 trillion $ in debt to 🇨🇳
We don’t need a recession worldwide, so let’s hope this guy is wrong. Nothing against him.
Its coming unfortunately, remember what Xi told Putin??? "Changes we have NOT seen in 100 years"
@@chasx7062yes the manufacturing centre of the world is in Asia not in the west anymore
@@WingkKong its moving back to the west and away from china
@@007kingifrit in the next 50 years Asia will still be the manufacturing centre of the world
@@007kingifrit the salary in the west is too high
IMF reported China 2024 GDP growth is 4.8% where as the US is 2.8%.
Millions of Chinese have emigrated to Canada, Australia, UK, NZ . . .
And what dos have to do with their GDP growth? @@rivertonhigh-v4t
Stop trying to compare the US with China. The American economic indicators are accurate. The CCP figures are unreliable. If you're going to be a CCP bot, get your facts together.
And there is no real way to verify china's results its just what the CCP reports
Xi Jinping, “Power Must be Caged by the System”, Qiushi, January 22, 2013:
“We should continue to catch “tigers” as well as “flies” when dealing with cases of leading officials in violation of Party discipline and state laws as well as misconduct and corruption problems that directly affect the people’s interests. All are equal before the law and Party discipline; whoever is involved in a corruption case must be thoroughly and impartially investigated.”
The results, after 11 years of Xi’s anti-corruption campaign?
“Corruption is RAMPANT in China!”
-Victor Gao, Al Jazeera, August 2024 in front of a live international audience.
The nerve of this guy, pointing out that the Chinese emperor is naked. The Chinese emperor's clothes are just fine. Everybody else says so.
China is already developed so there is less infrastructure and housing development 😂. So China is smart not to use money for nonsense activities to soar gdp😂😂😂. These expert are lying 😂😂😂
Can DW focus on the falling German economy actually🤣
There ara plenty of videos uploaded about German economy by DW.
Whataboutism at its finest.
I wonder why they think that? They had a trade surplus of $1 trillion in 2024, an increase of 12%. They have also build a an automobile industry, the largest exporter of cars in 2024. Consumption growth is reduced because they aren't buying overpriced German or American vehicles. for one thing.
DW=100% 100% American perspective.goodjob！
Nope. DW is VERY anti-American.
@@buildmotosykletist1987 source ? Proof ?
@@ZakiHaider-y9o : LOL. I can't see my own comment to reply. YT takes the censorship cake.
Proof of what?
@@ZakiHaider-y9o : Actually I just realised this is a DW video so it maybe them censoring, they don't like criticism.
Very informative!
Source ? Proof ?
Thats why Crynese come to UsA illegally 😅
@@windows10-k8h that's why Americans can't afford health Care
You are Indian aren't you.
lmao, check the numbers and come back.
@@John_Doe448 don't see americans crossing into CCPland through Vietnam and North Korea
@@sonu72049 He could also be Vietnamese.
I’ve created many hundreds of forecasts / financial plans. And, I never had to create one with 25% of the business down -20%. That’s what has happened over the past 2 years in China. There just aren’t enough other segments of the economy to make up that difference.
Yes, but how bad is the question.
Xi Jinping, “Power Must be Caged by the System”, Qiushi, January 22, 2013:
“We should continue to catch “tigers” as well as “flies” when dealing with cases of leading officials in violation of Party discipline and state laws as well as misconduct and corruption problems that directly affect the people’s interests. All are equal before the law and Party discipline; whoever is involved in a corruption case must be thoroughly and impartially investigated.”
The results, after 11 years of Xi’s anti-corruption campaign?
“Corruption is RAMPANT in China!”
-Victor Gao, Al Jazeera, August 2024 in front of a live international audience.
Certainly China is weaker due to negative international factors such as the decline in the German economic standard, since we simultaneously live on the same globe.
dw cannot live on his own without reporting negative news of China😂
Russia and China
They are just reporting facts - it's China's fault they are negative.
@@aslampervez2294 Oh yes, Russia is doing so well that Central Bank is now openly talking about stealing money from their own citizens in every bank in Russia that is over the value of 13k USD (in Rubles of course). That is a sign of prosperity.
@@aslampervez2294 Russia is invading its neighboring countries. China isn't. Wouldn't bundle these two together.
They're reporting factually accurate information. Do you want them to keep lying and pretend like China is a communist utopia?
put this way, it is better than Germany economy.
Not only China but Argentina also inflates its gdp figures. And let's not talk about Ethiopia, Nigeria or Algeria in which its official gdp numbers are inflated by a whopping 80%.
Also china's population is approximately a billion not 1.4
As usual DW doing negative reporting on China. Nothing new to see here. Biased reporting. 👎
This is an open truth.
@@Kay_R Exact same comment from a lot of different users. Like word-for-word. The wumao army is out in force today.
wumao
@@Kay_Rprove it
@@arcticfoxsa Agreed . 🇺🇸 is 40 trillion $ in debt to 🇨🇳 alone
The only metric that’s matters is investment. China has lost global investment. It will grow but at a slower rate.
It is good that there are people still believes that China is weaker than it is. It would only mean the hare can stop and take a nap while the turtle goes past it. Sweet dream, dear Mr. Hare 😀
you don't have anything particular and your number is half that of IMF, are you kidding me?!😂😂😂
Short answer: Yes.
Source ?? Proof ???
We need more invention ideas to bring the economy back and running.
I would say enough the witch hunting. Everything that goes up will go down, because nothing lasts forever. Not only China, but also countries like Germany, UK, France etc. We are together in this global hardship, regardless of our national identity 🤷🏼♀️
China has a 300 years rise and 4 cycle
China enter rise cycke in 1990
I would agree with you, but the Chinese mindset is hyper competitive and hyper nationalistic. I worked there for just shy of a decade and got a good understanding of the prevailing culture and values. We *should* all be in this together, but they absolutely not interested in that.
@ Thanks for your insight about Chinese culture. However, "we" here depends on who says it, and I'm not a Chinese neither live in China
@@arcticfoxsa you are incorrect
China help poor country to build port and road
It never happened in Human history before
@@arcticfoxsa you do not understand Chinese
There are many region of China
Every regions Chinese is different
That is why China always has Civil War
For China is really hard to know how it's industry actually doing with all the government involvement
That's their intention. Keep the western world second-guessing. Confused them and watch the reaction.
WTF is DW doing??? Germany had 2 years of recession, why arent they showing this?
Ah yes, the demand for conspiracy theories still outstripping supply I see😂
economic recessions are nothing compared to economic depressions
@@JackC-e6iAnd gross mismanagement, lack of regulation and inherent corruption.
It’s a report about China. If you want to see a DW report about Germany’s economy there’s plenty of them on this channel.
@@forresttter
Chinese bashing has been repeating the same rhetoric since 30 years ago. Btw its economy would collapse in your dream every night.
I heard 1 trillion trade surplus and nothing else came through.
Not that great when countries now start to tariff their wares because they are dumping products on the rest of the world. Even BRICS countries are fed up.
yes next question
Can you explain how well Germany economy and growth is going.
Its better then German for sure
Xi Jinping, “Power Must be Caged by the System”, Qiushi, January 22, 2013:
“We should continue to catch “tigers” as well as “flies” when dealing with cases of leading officials in violation of Party discipline and state laws as well as misconduct and corruption problems that directly affect the people’s interests. All are equal before the law and Party discipline; whoever is involved in a corruption case must be thoroughly and impartially investigated.”
The results, after 11 years of Xi’s anti-corruption campaign?
“Corruption is RAMPANT in China!”
-Victor Gao, Al Jazeera, August 2024 in front of a live international audience.
We are tired about Ruxia economy blocked & collapsed, fight with shovel, 500k RUAF wiped, China economy worsening. The reality is Everything is ok but EU
Mainland China is a 'Unicorn' country where its economy grows even if no one is working (except for the CCP bureaucrats and statisticians manipulating data)! As to how much it grows, the number will be pulled out of thin air by Chairman Xi, and then everyone else down the system will cook the data to fit it. There are scientifically robust papers, including by Prof. Martinez of U. of Chicago, showing PRC has been overstating its GDP growth going back to mid 2010s and that its real GDP is likely overstated by 40% or more.
150 country their biggest trading partner is China
Until last year...China's GDP did not include virtual rents...China's GDP did not include drugs, pornography, cow dung
Lovely when western intellectuals analysts etc discuss China with each other and know everything. Why do not you guys discuss China with Chinese instead ?
Tell me you don't know the first thing about Chinese censorship without telling me 😂
😂😂😂😂😂. What do you know that others don't know. 😂😂😂😂
It would be more worthwhile to discuss and be concerned if Germany economy.
Remember this china said only 5000 died from wuhan virus in china 😂😂😂😂😂😂 , they make all the figures on office instead of actually counting it .
The official number is ~60k died in hospitals. You need to update your rumor a little bit.
@huanhuang311 60k is a joke 🤣🤣🤣😂😂 , Covid has mortality of 2-3% .
china should raise the price of oversea product and no subsidy for usa and eu.
Stop right there. The orders for Chinese goods has INCREASED and you can see it from international trades that are reported. Someone is not telling the truth, but the orders dont lie.
..."Property construction is down 68% in 2024" what of the projects begun since before covid that have been abandoned?
China is the number one economy in the world. Americans and other western countries have a difficult time recognizing that fact. America is mostly a deficit funded economy which will be soon paying more than 1 Trillion USD in interest while China had a trade surplus of 1 Trillion dollars.
It is not about what the West "recognize" but the NUMBERS
Keep telling yourself that, while you are at it, go buy a couple condos in China. Look at their stock market, dead money over the last 10 yrs.
The US has 120% to GDP debt ratio, China is at 350%. Please educate yourself before making ignorant comments
@@KRBKRB-zi6distock market cannot represent the manufacturing power of China
They do not Gamble in the stock market
@KRBKRB-zi6di , most of the debts are local government debt owed to banks which are basically owned and controlled by the state. Basically, the government printed money for infrastructure development and technological Investment. It owes money to itself. Inflation level is low, in spite of the money printing. A lot of US papers on the other hand are in the hands of foreign central banks and investors all over the world. The debt was used to fund social expenditure as taxes are inadequate. The rich are not paying. When looking at debt (liability). Many do not understand you also need to see whether assets, especially income producing ones, have been created.
Redirecting gdp toward consumption implies all kinds of changes to the balance of power. Xi poppled the real estate bubble and then retreated. The busting of the bubble wiped out the balance sheets of the Chinese consumers, like Japan.
Source ? Proof ?
No China
No Covid
No Fauci, No Trump, no Covid?
Fauci said he was behind the gain of function research.
Nonsense. The logic would be: no humans, no epidemics to worry about.
@@windows10-k8h
No Fauci No Covid
@roderickcamp ccpdogbell2105
@@χσχσ-ν3χ says the CIA lapdog
According to statistics, the housing ownership rate of urban households in China is 96.0%, with 58.4% of households owning one house, 31.0% owning two houses, and 10.5% owning three or more houses. The average household owns 1.5 houses. So nowadays, there is an oversupply of houses. However, their bright spots has been in building ships cars, and chips. They accounted for 70% of the world's ship building capacity.
In percapita term, those industries you mentioned isn't high productive job.
You didn't give the homeless figures and unemployment figures. Why?
@@buildmotosykletist1987 I am not aware of homelessness being a problem in China, although that is a huge problem here in the US.
@Hovrap
Indonesia's per capita GDP is less than $5,000 (USD).
Maybe you should worry more about your own country's economy than China's
But congratulations for joining BriCs! Answer me this: What does the C in Brics stand for again?
@@user-wb8mp9by9f Im actually second gen citizen in the US, mom dad are Indonesian. What a typical wumao, deflecting issue when run out of argument.
So china trad surplus is nearly 1 trillion but you says china growth is slowing down?hahhahahah😂😂😂😂
1:05 he openly admitted he doesn't know
IMF and WORLD BANK already admitted chinese growth is 4.9%
China's Trade Deficit is according to China 389 Billion but it is much worse than that in reality as they've have too many crop failures due to crazy gov't interference in farming.
@@zacksmith5963 IMF growth numbers are based on the numbers provided by the country. If the country lies about the numbers, then IMF numbers are also wrong.
@@samuela-aegisdottir noticed you didn't prove me wrong . I don't trust pino bot farm
@@buildmotosykletist1987 so why is 🇺🇸 40 trillion $ in debt to 🇨🇳