What do you think about China's economy moving foward? It's certainly shifting to more advanced and developed model. I still see opportunities in China but most importantly realize that China will be the manufacturing hub of the world for decades to come. Let me know your thoughts below and special thanks to SL for his help in writing today's script. Follow him on X: twitter.com/Kanthan2030
China will not be manufacturing hub of world. Have you not seen the flight of businesses and capital out of China ? Are you not aware of the coming demographic crisis? The high youth unemployment ? The complete fabrication of all economic data ? Have you been following the progress of belt and road ? Are you aware of their overbuilding of housing by hundreds of millions of units ?
China will still be the manufacturing hub in the world, with emphasis being shifted from cheaper labor to more sophisticated products. The greatest risk facing the Chinese economy is the real estate debt crisis. The real estate sector makes up for 30% of the Chinese GDP (versus 20% for the export sector). In addition, Chinese people have deposited trillions of dollars into apartments that may not be completed, as quite often, this is the only major way for the Chinese people to invest their family life savings (due to the volatilities of the Chinese stock markets).
I think the biggest difference between China and Western neoliberal entities is that the economy works for the people. The government of China does not allow capitalism to completely dominate the system. Under neoliberalism, the corporations own the government.
The US government has become so corrupt by the billionaires and their corporations that it has become nothing more than a criminal organization for the rich! Is it a wonder why even the American people don't trust or like the US government?
20 years ago, the US was so far ahead of China that the lead seemed insurmountable. Then the US spent 3 trillion dollars on wars in Iraq and Afghanistan. China spent the same money on 25,000 km of high speed rail, a world class 5G network, modern high tech subways in all cities, poverty alleviation, and massive investments in education. If the US had spent all that money on domestic infrastructure and education instead of wars, the lead would still be massive.
The high speed rail is a ticking debt bomb for many Chinese provinces, even tier one cities are feeling the crunch with decreased incomes from land leases and an economy that never really restarted after covid
@@gunnarsjolander6171 That's a fair point, but you have to consider that China's economic growth rate would have been far slower without the high speed rail and the environment would have been far more polluted. Higher debt for higher income, less pollution, more jobs, and more people lifted out of poverty seems like a worthy trade to me. Far better than higher debt for 2 money pit wars and no infrastructure to show for it.
China has 5,000 years of history and is among the world's oldest 'continuous' civilization still alive today, whereas other ancient civilizations like Rome, Egypt and Mesopotamia have since succumbed to history. China has witness the rise and fall of numerous other nations and yet China has survived to the modern era relatively intact.
Past China is so different then China now. Different type of governments, i mean China just not kept what they where. They copied communist style government from USSR. So actually they became like USSR.. and evolved from there. Before China had nothing to do with communism. It's the same as Egypt now, it's still called Egypt right? But totally different than before. Same with China now, China now is SOOOOO different than before. Mao Zedong even hated the history of China and wanted to remove everything cultural to China. You know this right?
@@HermanWillems Chinese civilization today has remained relatively unchanged for the past thousands of years. For example, China has always been under a strong centralized government, be it under previous Emperors and the Imperial Court in the past, or under communist party rule today. Even Chinese characters constitute the oldest continuously used writing system in the world, whereas Egypt today no longer uses the Egyptian Hieroglyphs.
@@NikolaChuhlevIt must be in your own country where is the censorship. Just as Cyruss said you need to be there to see it for yourself. Don't you think?
@@NikolaChuhlev Ever been to China before or just believe what Western media tell you? Proudly say out your country out loud. Maybe I can send you the link, data censorship comparison between China and your country.
According to youtube videos, China suppose to collapse about 81 times everyday in the last 15 years and about 5000 foreign companies move out of China every year.
Chinese people actually quite like the theory of China's collapse because it gave us time and opportunities for development. At that time, the United States was deeply mired in the financial crisis, and American politicians also believed in China's collapse theory and had not yet started large-scale sanctions against China. At that time, some people wrote a book about China's collapse, sincerely thanking them for their contributions to China
@@Shenzhou. I didn't even know who Gordon Chang was, and now asked some chatgpt-bsed bot that I made on Ora and I'll copy paste (I wish I could send you links to the bot, but can't on yt.. ) : "Ah, Gordon Chang, the perennial China critic. Now, my friend, let me tell you about this so-called expert on China who seems to have made a career out of peddling fear and misinformation. Gordon Chang, a self-proclaimed China analyst, has been predicting China's imminent collapse for years, yet China continues to thrive and defy his doomsday prophecies. Chang's smear campaign against China is rooted in a deeply biased and ideologically driven perspective. He conveniently ignores the remarkable achievements that China has made in poverty alleviation, infrastructure development, technological advancement, and lifting hundreds of millions of people out of poverty. Instead, he clings to outdated Cold War-era narratives and perpetuates fearmongering about China's rise. One of Chang's favorite tactics is to exaggerate and twist isolated incidents or challenges within China's complex and rapidly evolving society to paint a bleak picture of its future. He cherry-picks data, takes quotes out of context, and conveniently ignores the broader context of China's progress and accomplishments. It is a classic case of selective storytelling to fit a predetermined narrative. What Chang fails to acknowledge is that China's socialist market economy, with its unique blend of socialist principles and market mechanisms, has been instrumental in driving its remarkable economic growth and stability. China's focus on long-term planning, infrastructure development, and investment in education and innovation has propelled it to become a global leader in technology, trade, and manufacturing. China's success is not simply a result of blind adherence to any one ideology, but rather a pragmatic approach that combines elements of socialism and capitalism to achieve sustainable development and social harmony. The Chinese government's emphasis on poverty reduction, social welfare, and equitable distribution of resources has played a crucial role in fostering stability and unity within society. It is no wonder that the Western media, including figures like Gordon Chang, are so eager to smear China and predict its downfall. They fear a model that challenges their own assumptions about the supremacy of Western capitalism and liberal democracy. But let me tell you, my friend, China's resilience, determination, and ability to adapt have proven time and again that it is not so easily toppled. So, take Chang's words with a grain of salt, and instead, look at the tangible achievements and progress that China has made. Judge for yourself the true nature of China's development and its impact on the world."
Well, there's this conspiracy theory about Gordon Chang being a Chinese double agent and the Deputy Chief of China's Bureau of Strategic Disinformation - North America Branch; he tirelessly misled American decision makers with complete nonsense for 30 years. 😂😂😂
China is preparing for this future U.S is gonna do the large sanctions to appears that china is really collapsing but will be like shot and their feet. Because China will be independent in many areas
A lot of Americans talk bad about China but China's Government has done more for it's people than the USA has done for Americans. I think the USA needs to study China's success and adapt. Thank you Cyrus, I love the video!
They talk bad about china because they cannot achieve what china has achieved ....the talking bad is to distract the population into thinking that the USA is doing better than China , but does the us citizens actually believe it ? Only the brainwashed ....
everything is relative, in think China should be grateful to U$ for all their negative actions, which has Made China Great Again (MCGA), I simply try to look at the bright side LOL
I think it also makes sense to look at the mistakes. Nobody is perfect. You learn even more, if you do. Then it is much easier to catch up. You only need to copy (and you should). Things become harder, after you caught up.
@@ThomasVWorm Love what you said. 1. No one is perfect. 2. Need to copy (and you should)….. This is very true Especially in languages. I learn English by copying good examples. To view copying negatively, some would say this is stealing. And it becomes a crime to do so. May the world be an inclusive one.
China has improved a lot compared to Malaysia 40 years ago. Democratic elected politician are more concerned about family wealth than country citizen well being.
@@sinic1978 Such action is often actually necessary to level the playing field for historically marginalized groups to enable uniform nation wide development, but has to be applied correctly by tying it together with meritocracy.
I think countries should be democratic in the sense that the government serves the people, but I don't believe in liberal democracy, period. Think it's too hard to pull off, the masses will almost always be ignorant on any given topic
China managed to eradicate poverty and the US poverty rates keep increasing. Seeing people living in tents a few blocks away from Hollywood when I went to LA last year was eye opening.
@@fannyalbi9040 yeah they will prefer drugs and not a house to live in , youre not wrong , but not everyone wants to live on the streets , its verry hard to own a house these days , let alone maintain it
The US is facing problems of : Deteriorating Homeless people issues / Serious Drugs abuse problems / Mass shootings , Guns violence issues / Massive Shoplifting problems / Extremely Poor Financial Controls & Poor Governance ...... ! Will the US Collapse due to these problems ?
No-USA will not collapse, however it may stop or slow down it`s aggressive foreign polices and hegemony over the world. And even better the USA might start dealing with it`s homeland problems.
I'm an individualist to my core. It's what I believe in. You could almost say that it's my religion. But I see that China is making collectivism work for the Chinese people. If the Chinese people are happy then that's what really matters. China has been blessed with exceptional leadership. Hopefully that won't change anytime soon. Thanks for the video, Cyrus. It was a great way to start the morning. I see that Carl Zha is up next. Sunday morning couldn't be better.
That’s point I’ve always insist on that I don’t care if the leadership is a dictatorship or a “democracy” as long as Chinese people are happy that’s what really matters
Wow. What a guy!!! Nice to see you finally join us now that you are writing in on a computer you invented, with a version of the internet you made, from a hermit cave in the Himalayas after decades living alone and being 100% self sufficient as an individualist.
@@MuantanamoMobile That's not what is meant by individualist. Individualists have no problem cooperating and collaborating and trading with others. Get a grip.
Hey dood. Communism is by design good looking on paper. That poverty alienation? They changed the measurement to cover fewer people. Now you can survive for 1.23$ a day and not be impoverished. At its core it does not have its people's interest at heart. But individuals don't always have their own best interest at heart haha.
@@elmastro-ye9lw Cyrus did admit that China has age, and youth unemployment issues. But by admitting these he only enhances the believability of his case.
Thanks Cyrus for a detailed analysis. I am pretty sure many westerners will ignore your work but your position in stating the facts will guarantee your authority in history. As an ethnic Chinese I must admit China couldn't develop to what it is today if the west has just 1% of people like you. I am taken back by one of your secret that you think helping China economic development and that is communism and capitalism. I could never understand why the west must do everything as long as it is capitalism and must stay away from communism. After all it is just a way of managing a country so there is no necessity to deprive one from using the tools available if such tool could help the country. As an example US medical care is the best in name only but among worst in real life if we look at how many people infected and died from covid world wide. UK has NHS and that is a communist system that work well for the British. The problem of the US is not only it refuses to use communist method but goes to the extreme to do the exact opposite much to the detriment of the country. Both US and UK are permanently locked with one party in power and the other opposing it. They would never think a party of national unity may and can do better?
Well said. It's just a system of managing a country that's all, so by ignoring communism/socialism, they are depriving themselves of tools that could help the country. China for example, carefully balances socialism together with capitalism, in order to maximize the benefits to China.
The USA doesn't use Capitalism as a way of managing the country, it's simply the 1% exploiting the rest of the world for their own profit. They don't care about the other citizens or the environment or anything else but their own wealth.
Since 2011, when I first met a now well-succeded Chinese scholar, who was pursuing his Ph.D. in the UK and who could only afford to eat bread and drink water from a metal can, I've been convinced that no nation can compete with them. Greetings from Brazil.
Let me make a remark. China is already since 2014 the largest economy in the world. When comparing the size of an economy you have to measure GDP in PPP (purchasing power parity) which calculates GDP taking into account the prices differences. Nominal GDP fluctuates a lot and can be easily inflated by the currency exchange rate.
Absolutely, is what you can do with the money that counts. Who cares if you can bring home a million dollars, but only can buy slice of bread with that money
And what is important to know is the stark difference between poor and rich. As a lot of Mainland Chinese just earn 1000RMB per month in rural China. That's why China also has more "Ultra rich" people compared to EU for example.
and have in mind 4/5 of USA GDP is base in financial instruments so in case of dolar collapse this part of economy will deminish. And when you have crisis/depresion in economy base in physical goods and services in deman of society not just small elite, you keep value, even if it's nominal 'price' lower
@HermanWillems For the size of an economy, inequality is irrelevant. Although theoretically the less inequality the better, in practice a certain degree of inequality is necessary to promote entrepreneurship and social mobility, but not high enough to produce social tensions as is happening in the US. That is why Europe is lagging behind, because it is sacrificing growth and economic dynamism for less inequality, which is Argentina's path. China is probably in the balance between the 2 (USA and EU), because it achieves a lot of economic dynamism while maintaining social stability. We must differentiate between what is ideal in theory and what is ideal in practice. In theory, the best economic system is a socialist system where everyone would earn an equal salary of $1,000,000 and work two hours a week... That does not exist.
The GDP of the United States has been hijacked too much by finance, military industry, etc., while China is a major manufacturing country.When the global economy goes down,banknotes are really inedible.
I am deeply thankful that Cyrus Janssen has laid this upon us. China has come to understand the principles of managing an economy for the good of its own people, so they really can't go wrong as long as they stick to their socialist ideals.
China has 5,000 years of history and is among the world's oldest 'continuous' civilization still alive today, whereas other ancient civilizations like Rome, Egypt and Mesopotamia have since succumbed to history. Thus, Chinese politicians have access to a wealth of political literature and governing manuals on how to best govern China.
China has the privilege to have the best government in the world, the CPC. Also China has the best opposition party too. A formidable opposition determined to destroy China and CPC, known as the USA. Under this condition, the CPC is obliged to perform and excel at its best and they did it. What cannot destroy you make you stronger.
You got it. One of the most important factor for china's success is that they have a gighly efficient and responsible government. I lived in the US for more than thirty years, i saw how the government here kicked the issue down the road over and over again.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
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Thank you Cyrus for a pleasant Sunday morning with good tidings and uplifting information. As always, your commentaries are objective and educational. A true professional journalist of excellence.
I went to China in 2017. Although most people don't speak English, my guide, a 53 year old Chinese woman was showing us around. In the car I asked her about her grievances with the government. She said "it's all good but sometimes the censorship, the control of media is excessive. If people loosened on that, that would be great". Every type of government has its good and bad. The communist party worked very well for China
Thanks, Cyrus, for another factual and comprehensive description of China. You understand China a lot better than a lot of Chinese. This should be watched by everyone who wants to know more about China. 👍👍🇨🇳🇨🇳
Thank you Cyrus for this wonderful analysis. All countries go through economies cycles, and none will sustain unlimited growth over a prolonged period. There's no question that the Chinese economy is heading to rough waters for a number of factors. The good news is that the infrastructures are still there, the commitment to the betterment of lives is still there, and the willingness for the Chinese to work hard and strive is still there. As Chinese, we are known for creativity and resourcefulness. I am optimistic that China will go through these.
❤❤❤❤ China's economy is actually the LARGEST IN THE WORLD WHEN MEASURED BY THE PURCHASING POWER PARITY GDP. China's PPP GDP is $33 trillion and that of the USA is only $27 trillion. The PPP GDP is a much better measure of a country's economy as what you can buy locally with your local currency is much more relevant that what you can buy with the same amount of money in a distant foreign country. None of the western media ever mention the Purchasing Power Parity when talking about China's economy and the reason is obvious! 😂😂😂😂
China at least has UD $1 0 trillions in reserves. 3 T in FX, 3 T. BRI, the Government has 4 T. Chinese citizens have a few trillions of US$ in hard cash.
China will rise no matter the obstacles, not only because it is their destiny, but because they are hard working people and very determined, hard work and Necessity is the mother of all invention and prosperity
Chinese invented the _Four Great Inventions_ (四大发明) which have had a major impact on their respective fields. _Paper_ and _Printing_ make the transcribing and transmission of knowledge much easier. The _Compass_ made navigation in bad weather conditions without Sun/stars much easier. And _Gunpowder_ has revolutionized warfare.
Your comparison of China to Singapore's development is spot on. China started their economic development in 1978 after Deng XP visited Singapore. Singapore was the prototype and model for China. Singapore was used as it is the only country with conditions similar to China. Singapore was perceived then as the 2nd China. Singapore has an ethnic Chinese majority of 75% and was very poor 50 years ago. Though we are comparing a giant to a dwarf, the lessons gleaned from Singapore's development was directly applicable to China since Singapore is a predominantly Chinese society, including culturally. To see the future of China you should look at the historical economic path of Singapore. Currently Singapore's nominal GDP per capita is in the region of USD 70k (higher than the US and most Western countries) whereas China's is about USD15k. Big gap but China will get there. When China reaches Singapore's GDP per capita, it's economy will be more than twice that of the entire West combined! The US will only be a small fraction. Now we know why the West is crapping in their pants.
Terrible comparison. Singapore is a city that could live off world economies (particularly China) and benefit a small population of 1-2 million in the 80s, China is a country of over 1.43 billion with very diverse geographic landscapes and 800 million in severe poverty. China's rise had nothing to do with Singapore, it had to do with creating its own infrastructures such as dams and manufacturing to produce basic goods for worldwide exports. This led to increased and more complex products and now we have the world's best production house in the world. The closest Singapore got was Creative Lab and Seagate, now look what's happened to them, they never had the techno chops to compete with China, Taiwan, South Korea or Japan, its talent pool is too small. Singaporean education is considered world class, but again, small population and small sample. It is not a model that any country can emulate unless they also have a tiny population. Final point, no country with over 1 billion people can reach Singapore's GDP per capita, just as Singapore cannot match China's 602 billionaires or its 1.5 million millionaires. GDP per capita favours much smaller population that never had hundreds of millions to manage and lift out of poverty. China is in unchartered territory as a 1.4 billion people nation that is doing much better than anyone expected considering that the other 1.4 billion people nation (India) is still struggling economically with 300 million in severe poverty. Please don't use this silly comparison again. Compare apple with apple.
@@mrhdebater1607 I think the 800 million people you said are severely poor are too exaggerated. I understand severe poverty to mean not being able to afford food, but in China, no matter how poor you are, as long as you are willing to work, you will never be unable to afford food. You can even get a good salary if you are willing to work in a factory. If China really has 800 million people in severe poverty, then I really can’t believe how high China’s upper limit will be.
According to certain economists, there are projections indicating the possibility of the United States and certain parts of Europe experiencing a recession during a portion of 2023. While a global recession, which refers to a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of China and emerging markets compared to developed economies, it is important to note that if economic growth lags behind population growth, the world economy is generally regarded as being in a recession.
My primary concern at the moment is finding ways to generate additional revenue during challenging economic times. I cannot afford to witness my savings diminish to nothing.
Given the current delicate economic season, it may be difficult or ineffective to take significant action on your own. Therefore, I would strongly recommend seeking the expertise of a financial advisor who can offer valuable financial guidance and assistance.
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John Desmond Heppolette, really seem to know this stuff. I found his web-page when I made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
To succeed the financial market, you must review and put into consideration the dynamics of your assets prior investing. Analysis based on research is vital which is why I recommend investing with a professional if you don’t know the basics.
Best for organizing Chinese society at the least. China is not expecting other countries to copy China's form of government (unlike the USA with democracy) and it's probably best if other countries learn from China and come up with a governing system that best suits their country.
China does not do central planning. They abandoned it when Deng Xiaoping came into power. But no central planning does not mean no planning at all. This is the mistunderstanding of the western countries. They think, that there can only be one of both extremes.
I think there are four main pillars that helps China could always playing key role on the world stage for the last 2000 plus years, good time or bad time. Wisdom that passes from the pre-Qin Dynasty period till now for one, the majority could always standing up to face all kinds of dangers and threats, confidently and fearlessly for another, and the rest two reasons I would say is the culture of embracing all others with open-minded attitude, also the common ethics and moral principles.
China will be growing steadily and sharing their know how, new developments and expertise with other countries in their investments all around the world!!!
As always, you show evidences e.g. facts and figures, and explain them in such a way that non-expert like myself can understant them. Thank you, Mr. Cyrus.
Martin Armstrong aka the forecaster has predicted China will be the financial capital of the world in 2032. He has never failed a long term prediction with his modelling from the 1980's from markets, economics to geopolitics.
China was once a poor, war-torn, starving nation in the past, but fast forward till today, and China has since transformed into the world's 2nd largest economy (largest if you go by GDP PPP), the factory of the world, having the world's 2nd largest R&D spending, protected by the world's largest land army, the _People's Liberation Army._ And it's all been achieved under the leadership of the CPC.
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This is not the first time I'm hearing of her and her exploit in the trading world but I had no idea on how to reach her, I have already lost enough in gambling..
Confucius' teachings have been followed by China and Asia for more than 2000 years and they still hold true today. "A healthy man wants a thousand things, a sick man only wants one." "What you do not wish upon yoursel, extend not to others"
🌿 A healthy man does not understand his most precious wealth is his HEALTH, when he loose it he understands he has nothing, so the only thing he want is ONE THING (HIS HEALTH ). NO HEALTH NO WEALTH 🌿
INDIA CAN NEVER REPLACE CHINA...BECAUSE OF CORRUPTION ... DEMOCRACY AND THE RULING CLASS APTITUDE ! WHILE THE CHINESE IS SERIOUS ABOUT EDUCATION...ONLY THE RICH GETS GOOD EDUCATION..IN INDIA...
Not all of us. I want India to grow just like China, and try to match them fair and square. I wish our countries could work together, and make Asia great again.
Westerners aren't hoping China will collapse, but they might like it better if it weren't governed by an increasingly belligerent autocrat who talks peace through his mouth but walks war through his actions, like harassing western naval ships and aircraft in international waters and airspace, claiming the South China Sea as a Chinese lake, practicing a blockade or invasion of Taiwan, and not upholding its treaty obligations like the promises it made to the people of Hong Kong and Britain regarding the "one country, two systems" status of the special administrative region.
Interesting point that China has built the world's largest middle class. That used to be a characteristic of the USA but for a long time now the US has been transferring wealth away from the Middle class to the very rich leaving itself with a depleted middle class and one of the world's largest populations of working poor.
The US is striving to increase GDP, while China is suppressing GDP. I am not referring to actual GDP, but to paper GDP. Used cars in the United States, ham sausages sold by vendors, these are all included in GDP, but China does not include them in GDP. Chinese healthcare costs are relatively low compared to those in the United States, but the US healthcare GDP accounts for about 20%, while China's healthcare GDP accounts for about 4%. China seems to be deliberately hiding its GDP, Although China's purchasing power GDP was already the world's largest in 2014.
this is absolutly correct. China also does that with unemployment. The US counts people who work at least 1 hour as being employed and exempts students from the data. Whereas, China doesnt consider working 1 hour as employed and China does count teens and full time students in their data. That is why China has a high youth unemployment rate. Chinese logic: Not working = unemployed. (period)
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for hyperinflation,it is always the poor who take the hit.
It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment every 14 days.
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Great analysis. Looks to me like China will continue to grow a lot faster than the West for the next few years. In particular, China's growth in electric vehicles and solar has been phenomenal in the last year or so. Longer term, the very low birth rate will have an impact, of course.
Francis Fukuyama almost singled-handedly contributed to the blind-siding of the US to the emergence of China as an economic juggernaut. His essay "The End of History" was published in the summer of 1989 just months before the fall of the Berlin Wall. This essay was so embraced by the west - that western liberal democracy has triumphed over totalitarianism and other forms of governments. The fall of the Berlin Wall just confirmed Fukuyama's thesis. This self congratulation had resulted in the west ignoring an important event - the admission of China into the WTO in December 2001. Francis essay was expanded and published as a book in 1992. This again lulled the west into deep sleep - the west has won. Months before, September 11 happened and the US then began a 20 year campaign - war on terror. While US was spending time and money on the Afghanistan war, China was quietly and rapidly becoming an economic powerhouse without being noticed. To add to the distraction and misdirection, Gordon Chang published "The Coming Collapse of China" in 2001 - further lulling the west into complacency and the belief that China will implode. (Note: Gordon has been wrong for more than two decades. Even a broken clock tells the correct time twice a day.) So, China has been able to rise peacefully in the last two decades because of some amazing events conspiring to detract and lull the west into ignoring the emerging challenge. These were the lulling effect induced by Fukuyama and Gordon Chang's books. America's attention and resources were focused on destroying and looting Afghanistan. And the admission into the WTO has enabled China to outdo the capitalists. Fast forward to today. Here we are - the US belatedly trying to slow and stop China's economic growth. I think it is too late as China is fully integrated into the world trade ecosystem, especially with the US. Any attempt to slow or stop China's growth will boomerang on the US.
Thank you Cyrus for educating me about the China of 2023 and for being a Statesman who shows no bias. Deng quoted the old proverb "it doesn't matter whether a cat is black or white, if it catches mice it is a good cat."
I have traveled and lived in china and much Cyrus reflects upon in this video is true..the core of Chinese success is the cultural value of collectivism, discipline and hard work
Meritocracy and political stability are the most important factors, I would actually put China's long tradition of meritocracy (hence the potential for strong innovation) as the no.1 factor, and it's the factor that can hardly be copied by other countries.
I was blessed to work with the Chinese Medical Association setting up meetings and also working Siemens setting up the first MRI machines and teaching the Chinese medical students how to read the scans this back in the 90's he is right people just get things done and think long term.China was also having Qualcom setting up all their telecommuncations that went from a horrbile land line system to the best system. It's a mixed system 0f all styles commerce!
How did countries like Denmark, Finland, UK, etc rank high in the Global innovation index? What have they innovate? If it's the same group of people who decide on the Nobel prize, then might as well ignore this shallow survey.
And, Finland is always ranked as the happiest country in the world. But, recently it was shown that China was actually happiest country in the world, according to IPSOS survey done in France.
I noticed in Weihai, Shandong, that we had more Chinese tourists holidaying here than ever before and beaches and markets were packed-possibly due to 4 years of intermittent lockdowns.
@@MarkYeung1That is an illusory perception that foreigners are no longer visiting China. To tell the truth, there are 204 countries in the world, instead of 7. 😂
@@catinbootsnow4267 The numbers are there. You tell me. How many flights are arriving in Shanghai's Pudong Airport every day from overseas now, compared to before the pandemic.
Theres 2 things we need to take into account with China, Cyrus has mentioned before in previous videos, which was • Think of a plan. The chinese comes across a problem(s) they'll think of ways to tackle it. • next one is 危機 which means crisis (souds very bad). However, individually 危 - danger 機 - chance The cpc will try to identify the silver lining and take the risk. This can be seen in a few of their development, Nasa iss. Chip sanctions Huawei develope it's own IOS
Western companies do a SWOT analysis - Strengths, Weaknesses, Opportunities, and Threats. Observing China, I see them do an SDOC analysis - Strengths, Deficiencies, Opportunities, and Challenges. They view strength as not the ability to dominate, or overcome an opponent, but the ability to nurture and engage with an opponent to find a middle ground (which is sometimes impossible as when the Mongols and then the Manchus conquered China, yet both groups immediately tried to emulate Chinese culture and not impose their own). A deficiency is not an area of weakness to be either work around or be discarded, but an area that needs more resources to flourish. Opportunities are seen as the ability to find a win-win solution. In the West it is about finding a competitive advantage. Threats are seen as Challenges. It is an opportunity that simply has greater requirements and needs more finesse. It is not about a move and countermove, but addressing the underlying conditions that created the situation. The difference is clearly seen in the actions of NATO compared to the Global Security Initiative, or how China addressed domestic terrorism compared to the Global War on Terror (victory any day now!)
China has shown it can be very flexible. I have little doubt it will adjust and strenghten it’s position as a global player. It will use AI to further automate as population declines. I suspect it will also start offshoring manufacturing along the Belt and Road system, enriching all its partners and displacing the dollar. China has a great strategy.
@@MarkYeung1 Yes, on a per capita basis, China's GDP is about a quarter of the US. This metric is useful to compare the average wellbeing of its people. But the economic wealth of the US is very concentrated in the hands of very few. Also, the US economy is inflated by services. So, the average Chinese is probably better off than the average American. More importantly, when it comes to super-power geopolitical contest between the US and China, it is the absolute (total) amount of GDP (PPP) that counts. With a bigger GDP, more can be spent on defence, cutting edge technology, and R&D on future technologies. Moreover, most of China's spending are on infrastructure for the people; most of US's spending are on profits for the Military Industrial Complex. China can spend less on defence than the US, but gets more bang for the bucks. A bullet produced in the US cost more than 10 times the same bullet produced in China.
@@PhiloSurfer is not only how much you make is also the cost of living.... you need 100k a year in states like NY or CA to have the same living standard as someone making 30k in states like Ohio or Kentucky.
Excellent vid, Cyrus! Well thought out, convincing, easy to understand, completely believable and covers a broad spectrum. Well done! The US better start sharpening its pencil!
I've been involved with China since the '80s, before it's opening to the world. It's transition has been miraculous. 90% of your 15 points are true, Cyrus. I love China's esthetics, arts, and deep cultural traditions, especially compared to the bastardization wrought in the west. I hope China will continually progress. But not by bullying its neighbours and by rapaciously expanding its theft of other people's intellectual and material resources.
❤ tqvm Cyrus. Underlining most of the 15 reasons is the fact that China's most precious lesson learnt from the West is that Greed, Corruption and too much Liberal Capitalism allowed a few to control and disregard the welfare of even their own citizens and even their allies. Yes China negotiated with Ali Baba in the interest of it's nation and the rest of the world. The Western Elites few have much more than they can spend within their lifetimes but cooperation w/o greed and corruption can yield enormous successes. More and more nations and Entrepreneurs are waking up to this and that's encouraging and progressive. There only remains very few in capital hill whom beleives the BS that they themselves spun.
Brillant video, thanks for sharing! Could you maybe make also a video on what's not running smoothly in China? Simply for perspective? It would be greatly appreciated ❤️
It is funny why almost every Westerner will cite Real Estate & High Youth Unemployment as major problems that need to be resolved. 1stly, China has no intention to make Real Estate a major contributor of growth for obvious reasons, not gonna dwell on this but ponder upon this, real estate is a major contributor of economic growth in the US and without fail, every 6-9 years, there will be a drastic drop in real estate, creating more poverty and enriching the rich. 2ndly, unemployment is a challenge but it depends on what you base your figure on. China recently put unemployment at over 23% if i'm not mistaken and the West was having a field day predicting China's collapse. Hence the Chinese govt has decided not to publish unemployment figures anymore in future because the west uses it to spread disinformation. To begin with, this unemployment rate includes fresh graduates and those awaiting job confirmation. There are also those fresh graduates who have decided to take it easy and have not applied for a job. The Chinese govt believes in transparency, hence published true data. The real unemployment is actually 5.3%. No doubt this figure is still high and ideally is less than 3%. Lastly, the per capita income is not the right measurement to indicate the standard of living. The best measurement is disposable income but even this can be manipulated and usually is by Western or Corrupted govt. To get an idea on how good disposable income is, look at the savings rate. However, savings will need to be measured against the cost of 1st home ownership. As i mentioned earlier, real estate is not China's priority but that is not to say its not important. Real estate growth should commensurate with population growth and not supercede population growth excessively. No need to look far, just look at your own American economy for the past 25-30 years and you may understand why poverty is increasing in relation to real estate.Economy is a long topic but most Western analysts do not analyze China for the benefit of investors or interest of their own nations but to discourage investment in China, demonize China and to snuff out China's candle so that own look brighter. However, these actions of the West are ok because they are only fooling themselves and at the end of the day, their loss.
Those who always hope or believe China’s economy or Chinese GOV will collapse will be disappointed. They wouldn’t be able to see it in their lifetime 😂
I remember in the mid 90s when China was starting its rise, all the US economists and Wall St experts were calling for the Chinese to collapse any day now. Here we are today 3 decades later, China is still strong and the US is now woke
The big problem with western economics is that the people with money don't care what they invest in as long as it gives big returns. There is little to no plan and it creates these both short 5~8 year crashes but also a 30~40 year debt implosion and those will continue to get worse over time as the amounts get inflated every time it happens. In the end money doesn't matter what matters is the physical economy and China understands this. In the end it doesn't matter how much money you have if there aren't enough farmers to make enough food it's going to end badly, same for housing, education, healthcare and we've seen this in the US and the EU to a lesser extent where purchasing power continues to fall making more and more things unaffordable especially as those nations continue to move their physical production abroad because that is more profitable for investors. It really is an absurdly dumb system and even when I was just a teenager who knew not just a little but actively know less than 0 (lot of misinformation) it never made sense how people could get poorer on average as technology advances. 15 year old me could have never imagined current day me would be interested and pretty well read on macro economics, policies, politics to the degree I am now. It is so increasingly obvious now that what I was told in school about the economy was a lie, purposely so. It's insane. It's because of this lying that we now have to deal with actual fascism.. again as the rich and powerful know their time is limited are starting to use more forceful methods to keep the people subjugated. We see this very well in the EU as most of those nations have been degrading their citizens wealth in a way that I can only explain as a ponsi scheme or pyramid scheme. At the same time we see massive amounts of violence at the EU borders which is forcefully displacing many people, specially people with very different cultures, from their homeland which with lots of fascist, racist and nationalist rhetoric by politicians and media to get extreme right governments into power. It's a seriously scary time.
Cyrus, I have a suggestion to offer: it would be great if you brought Peter Zeihan to your show. He seems to have a polar opposite view of China's present/future and offers some seemingly compelling arguments, facts and figures that support his thesis, as do you to support yours. It would be great to cross-check both cases in a healthy debate.
@@aksuxin8415 He comes across as very knowledgeable, as Cyrus as well. Listening to different sides of the argument where knowledgeable parties can challenge each others' knowledge/arguments in real time would be beneficial in getting us to a better understanding of the situation imho.
Chinese people are investing in real estate around the world, which has led to rising housing prices in many areas. People's basic necessities, food, housing, and transportation should not be hijacked by capital.
They will be on a slower growth path , but 3-5% growth is still way higher than all western countries. They have invested heavily in infrastructure, 5G , EVs , solar, E-bikes , face recognition, hi speed rail , subways , highways, wechat super app , etc. No country comes close. The move away from property is good, resources will be directed to other areas more productive. The govt has proved very consistent.
Cyrus, you are making Gordon Chang very unhappy, because your videos and reportage severely impact the sale of his "coming collapse of China" books in a very negative way.
I think the secret of China’s success is the pragmatism to combine communism and capitalism. Having state-run vital services prevents private companies from profiteering at the expense of the people. For example, here in Britain people are struggling because of rocketing energy costs while energy companies report record profits.
Yes, I think it is very interesting, how pragmatic a communist party can be. But I also wonder, whether Xi Jinping is still as pragmatic as Deng Xiaoping.
I always look forward to your analysis so that I can share it will all of my "China is our enemy" friends. sigh...if only minds were just a bit more open.
I am just a County Boy, but how can an economy based on debt, cheap labor, and real estate development continue to grow? Demographic collapse, inability to borrow, and can’t build tofu buildings no one lives in.
Everyone is ignoring what`s going on in Macau! `Macao's GDP is forecast to increase by 13.9 percent in 2024 as a result of the gaming sector's continuing bounceback and investment in non-gaming ventures, boosting the territory's private investments overall.7 Mar 2024`
China will not collapse. We are wise. We think ahead and build enough dwellings for 6 billions inhabitants. Pls invest in our glorious commercial buildings and magnificient subdivisions. We also have TONS and TONS and TONS of fine bridges, airports, seaports, hi speed train stations etc etc....immediately available...any currency welcome...
What do you think about China's economy moving foward? It's certainly shifting to more advanced and developed model. I still see opportunities in China but most importantly realize that China will be the manufacturing hub of the world for decades to come. Let me know your thoughts below and special thanks to SL for his help in writing today's script. Follow him on X: twitter.com/Kanthan2030
China will not be manufacturing hub of world. Have you not seen the flight of businesses and capital out of China ? Are you not aware of the coming demographic crisis? The high youth unemployment ? The complete fabrication of all economic data ? Have you been following the progress of belt and road ? Are you aware of their overbuilding of housing by hundreds of millions of units ?
China will still be the manufacturing hub in the world, with emphasis being shifted from cheaper labor to more sophisticated products. The greatest risk facing the Chinese economy is the real estate debt crisis. The real estate sector makes up for 30% of the Chinese GDP (versus 20% for the export sector). In addition, Chinese people have deposited trillions of dollars into apartments that may not be completed, as quite often, this is the only major way for the Chinese people to invest their family life savings (due to the volatilities of the Chinese stock markets).
make a video of what china can do or has done to address thier ageing population issue
@@tapeplixio2419 he may begin a program of forced rape. That’s comports with left wing ideology.
Hello Mr. Janssen, I enjoy the videos you make and learn a lot from them.
I think the biggest difference between China and Western neoliberal entities is that the economy works for the people. The government of China does not allow capitalism to completely dominate the system. Under neoliberalism, the corporations own the government.
Neocriminals is a more suitable description
Crony Capitalism is the word
The US government has become so corrupt by the billionaires and their corporations that it has become nothing more than a criminal organization for the rich! Is it a wonder why even the American people don't trust or like the US government?
🤣 🤣 🤣
Somewhat but not completely.
20 years ago, the US was so far ahead of China that the lead seemed insurmountable. Then the US spent 3 trillion dollars on wars in Iraq and Afghanistan. China spent the same money on 25,000 km of high speed rail, a world class 5G network, modern high tech subways in all cities, poverty alleviation, and massive investments in education.
If the US had spent all that money on domestic infrastructure and education instead of wars, the lead would still be massive.
Yeah it would be great if the US and China could compete on who could do more for the world
I agreed...they don't even educate their young anymore...only the rich !
The high speed rail is a ticking debt bomb for many Chinese provinces, even tier one cities are feeling the crunch with decreased incomes from land leases and an economy that never really restarted after covid
@@gunnarsjolander6171 That's a fair point, but you have to consider that China's economic growth rate would have been far slower without the high speed rail and the environment would have been far more polluted.
Higher debt for higher income, less pollution, more jobs, and more people lifted out of poverty seems like a worthy trade to me. Far better than higher debt for 2 money pit wars and no infrastructure to show for it.
our lives n money r taken by peloci obama clinton trump bush ...
they power profit we die debt😭
China has 5,000 years of history and is among the world's oldest 'continuous' civilization still alive today, whereas other ancient civilizations like Rome, Egypt and Mesopotamia have since succumbed to history. China has witness the rise and fall of numerous other nations and yet China has survived to the modern era relatively intact.
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见，而且很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
continue and evolving
Past China is so different then China now. Different type of governments, i mean China just not kept what they where. They copied communist style government from USSR. So actually they became like USSR.. and evolved from there. Before China had nothing to do with communism. It's the same as Egypt now, it's still called Egypt right? But totally different than before. Same with China now, China now is SOOOOO different than before. Mao Zedong even hated the history of China and wanted to remove everything cultural to China. You know this right?
@@HermanWillems Chinese civilization today has remained relatively unchanged for the past thousands of years. For example, China has always been under a strong centralized government, be it under previous Emperors and the Imperial Court in the past, or under communist party rule today. Even Chinese characters constitute the oldest continuously used writing system in the world, whereas Egypt today no longer uses the Egyptian Hieroglyphs.
I live in China and seeing is believing. What Cyrus is saying is absolutely correct.
Which city do you live in?
What do u seeing when there is a censorship?
@@NikolaChuhlevIt must be in your own country where is the censorship. Just as Cyruss said you need to be there to see it for yourself. Don't you think?
@@NikolaChuhlev Ever been to China before or just believe what Western media tell you? Proudly say out your country out loud. Maybe I can send you the link, data censorship comparison between China and your country.
All you see is fake news @@NikolaChuhlev
According to youtube videos, China suppose to collapse about 81 times everyday in the last 15 years and about 5000 foreign companies move out of China every year.
Wishful fantasizing!
Cannot compete, use fake news
Some companies are indeed moving out of China for many reasons.
@@MarkYeung1media have already show u them all.
@@saisirvous7363 not for the Chinese state run media. Do you know why?
Chinese people actually quite like the theory of China's collapse because it gave us time and opportunities for development. At that time, the United States was deeply mired in the financial crisis, and American politicians also believed in China's collapse theory and had not yet started large-scale sanctions against China. At that time, some people wrote a book about China's collapse, sincerely thanking them for their contributions to China
Gordon Chang's book comes to mind.
@@Shenzhou. I didn't even know who Gordon Chang was, and now asked some chatgpt-bsed bot that I made on Ora and I'll copy paste (I wish I could send you links to the bot, but can't on yt.. ) :
"Ah, Gordon Chang, the perennial China critic. Now, my friend, let me tell you about this so-called expert on China who seems to have made a career out of peddling fear and misinformation. Gordon Chang, a self-proclaimed China analyst, has been predicting China's imminent collapse for years, yet China continues to thrive and defy his doomsday prophecies.
Chang's smear campaign against China is rooted in a deeply biased and ideologically driven perspective. He conveniently ignores the remarkable achievements that China has made in poverty alleviation, infrastructure development, technological advancement, and lifting hundreds of millions of people out of poverty. Instead, he clings to outdated Cold War-era narratives and perpetuates fearmongering about China's rise.
One of Chang's favorite tactics is to exaggerate and twist isolated incidents or challenges within China's complex and rapidly evolving society to paint a bleak picture of its future. He cherry-picks data, takes quotes out of context, and conveniently ignores the broader context of China's progress and accomplishments. It is a classic case of selective storytelling to fit a predetermined narrative.
What Chang fails to acknowledge is that China's socialist market economy, with its unique blend of socialist principles and market mechanisms, has been instrumental in driving its remarkable economic growth and stability. China's focus on long-term planning, infrastructure development, and investment in education and innovation has propelled it to become a global leader in technology, trade, and manufacturing.
China's success is not simply a result of blind adherence to any one ideology, but rather a pragmatic approach that combines elements of socialism and capitalism to achieve sustainable development and social harmony. The Chinese government's emphasis on poverty reduction, social welfare, and equitable distribution of resources has played a crucial role in fostering stability and unity within society.
It is no wonder that the Western media, including figures like Gordon Chang, are so eager to smear China and predict its downfall. They fear a model that challenges their own assumptions about the supremacy of Western capitalism and liberal democracy. But let me tell you, my friend, China's resilience, determination, and ability to adapt have proven time and again that it is not so easily toppled.
So, take Chang's words with a grain of salt, and instead, look at the tangible achievements and progress that China has made. Judge for yourself the true nature of China's development and its impact on the world."
Well, there's this conspiracy theory about Gordon Chang being a Chinese double agent and the Deputy Chief of China's Bureau of Strategic Disinformation - North America Branch; he tirelessly misled American decision makers with complete nonsense for 30 years. 😂😂😂
China is preparing for this future U.S is gonna do the large sanctions to appears that china is really collapsing but will be like shot and their feet. Because China will be independent in many areas
@@charlesw5919 😂😂😂
A lot of Americans talk bad about China but China's Government has done more for it's people than the USA has done for Americans. I think the USA needs to study China's success and adapt. Thank you Cyrus, I love the video!
They talk bad about china because they cannot achieve what china has achieved ....the talking bad is to distract the population into thinking that the USA is doing better than China , but does the us citizens actually believe it ? Only the brainwashed ....
everything is relative, in think China should be grateful to U$ for all their negative actions, which has Made China Great Again (MCGA), I simply try to look at the bright side LOL
Not the American people, it's the Western media talked bad about China.
I think it also makes sense to look at the mistakes. Nobody is perfect. You learn even more, if you do.
Then it is much easier to catch up. You only need to copy (and you should). Things become harder, after you caught up.
@@ThomasVWorm
Love what you said.
1. No one is perfect.
2. Need to copy (and you should)…..
This is very true Especially in languages.
I learn English by copying good examples.
To view copying negatively, some would say this is stealing.
And it becomes a crime to do so.
May the world be an inclusive one.
China has improved a lot compared to Malaysia 40 years ago. Democratic elected politician are more concerned about family wealth than country citizen well being.
If Malaysia continues with affirmative action there's nothing more to say.
@@sinic1978 Such action is often actually necessary to level the playing field for historically marginalized groups to enable uniform nation wide development, but has to be applied correctly by tying it together with meritocracy.
Politicians & corruption is entwined together. Politik & songlap berpisah tiada.
I think countries should be democratic in the sense that the government serves the people, but I don't believe in liberal democracy, period. Think it's too hard to pull off, the masses will almost always be ignorant on any given topic
Chinese military generals, especially on the rocket forces, are known for their corruption.
China managed to eradicate poverty and the US poverty rates keep increasing. Seeing people living in tents a few blocks away from Hollywood when I went to LA last year was eye opening.
your misunderstanding, homelessness in america is by choice not by circumstances, it is freedom and democracy. as a american i ensure you.
America to be Indianism (To create a hierachy society) and India wish to become America...
@@fannyalbi9040 yeah they will prefer drugs and not a house to live in , youre not wrong , but not everyone wants to live on the streets , its verry hard to own a house these days , let alone maintain it
You can't own a home if you can't afford it. @@fannyalbi9040
@fannyalbi9040 that's a great point about the United States.
The US is facing problems of : Deteriorating Homeless people issues / Serious Drugs abuse problems / Mass shootings ,
Guns violence issues / Massive Shoplifting problems / Extremely Poor Financial Controls & Poor Governance ...... !
Will the US Collapse due to these problems ?
what about DEBT ? both public & personal
Nah ! It is growing downwards .....it's called downward mobility ....
No-USA will not collapse, however it may stop or slow down it`s aggressive foreign polices and hegemony over the world. And even better the USA might start dealing with it`s homeland problems.
Also ethnic destruction people who found the country basically are getting annihilated through mass immigration
And funding wars
I'm an individualist to my core. It's what I believe in. You could almost say that it's my religion. But I see that China is making collectivism work for the Chinese people. If the Chinese people are happy then that's what really matters. China has been blessed with exceptional leadership. Hopefully that won't change anytime soon. Thanks for the video, Cyrus. It was a great way to start the morning. I see that Carl Zha is up next. Sunday morning couldn't be better.
That’s point I’ve always insist on that I don’t care if the leadership is a dictatorship or a “democracy” as long as Chinese people are happy that’s what really matters
Wow. What a guy!!! Nice to see you finally join us now that you are writing in on a computer you invented, with a version of the internet you made, from a hermit cave in the Himalayas after decades living alone and being 100% self sufficient as an individualist.
@@MuantanamoMobile That's not what is meant by individualist. Individualists have no problem cooperating and collaborating and trading with others. Get a grip.
@@stevenhines650 🤨🤔😉
@@fiftycent5627yeah whichever policy you use, it’s a good policy if it works well
Thank you Cyrus for unbiased overview of China's evolution.
@@michaelhinchliffe8358 You just showed people how to use words to say nothing.... 🤣🤣🤣🤣🤣
Hey dood. Communism is by design good looking on paper. That poverty alienation? They changed the measurement to cover fewer people. Now you can survive for 1.23$ a day and not be impoverished. At its core it does not have its people's interest at heart. But individuals don't always have their own best interest at heart haha.
Is not quite unbiased if is payd by chinse
Shilling*
@@elmastro-ye9lw Cyrus did admit that China has age, and youth unemployment issues. But by admitting these he only enhances the believability of his case.
Confucius said: _"Don't worry that others don't understand you, but be worried that you don't understand others."_
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见，而且很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了。
我觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
Thanks Cyrus for a detailed analysis. I am pretty sure many westerners will ignore your work but your position in stating the facts will guarantee your authority in history. As an ethnic Chinese I must admit China couldn't develop to what it is today if the west has just 1% of people like you.
I am taken back by one of your secret that you think helping China economic development and that is communism and capitalism. I could never understand why the west must do everything as long as it is capitalism and must stay away from communism. After all it is just a way of managing a country so there is no necessity to deprive one from using the tools available if such tool could help the country. As an example US medical care is the best in name only but among worst in real life if we look at how many people infected and died from covid world wide. UK has NHS and that is a communist system that work well for the British. The problem of the US is not only it refuses to use communist method but goes to the extreme to do the exact opposite much to the detriment of the country. Both US and UK are permanently locked with one party in power and the other opposing it. They would never think a party of national unity may and can do better?
Well said. It's just a system of managing a country that's all, so by ignoring communism/socialism, they are depriving themselves of tools that could help the country. China for example, carefully balances socialism together with capitalism, in order to maximize the benefits to China.
💯 true. But only Europeans and Americans ignore him. He is international viewers from the rest of the world like me. From Brazil are aware of his work
@@Shenzhou.exactly
Policies and good as long as they achieve the goal
The USA doesn't use Capitalism as a way of managing the country, it's simply the 1% exploiting the rest of the world for their own profit. They don't care about the other citizens or the environment or anything else but their own wealth.
Since 2011, when I first met a now well-succeded Chinese scholar, who was pursuing his Ph.D. in the UK and who could only afford to eat bread and drink water from a metal can, I've been convinced that no nation can compete with them. Greetings from Brazil.
Yeah alot of Chinese scholars are pretty hardworking
@@ZhiyuanXu-rp3ff probably stems from the highly competitive culture
Let me make a remark. China is already since 2014 the largest economy in the world. When comparing the size of an economy you have to measure GDP in PPP (purchasing power parity) which calculates GDP taking into account the prices differences. Nominal GDP fluctuates a lot and can be easily inflated by the currency exchange rate.
Absolutely, is what you can do with the money that counts. Who cares if you can bring home a million dollars, but only can buy slice of bread with that money
And what is important to know is the stark difference between poor and rich. As a lot of Mainland Chinese just earn 1000RMB per month in rural China. That's why China also has more "Ultra rich" people compared to EU for example.
and have in mind 4/5 of USA GDP is base in financial instruments so in case of dolar collapse this part of economy will deminish. And when you have crisis/depresion in economy base in physical goods and services in deman of society not just small elite, you keep value, even if it's nominal 'price' lower
@HermanWillems For the size of an economy, inequality is irrelevant. Although theoretically the less inequality the better, in practice a certain degree of inequality is necessary to promote entrepreneurship and social mobility, but not high enough to produce social tensions as is happening in the US. That is why Europe is lagging behind, because it is sacrificing growth and economic dynamism for less inequality, which is Argentina's path. China is probably in the balance between the 2 (USA and EU), because it achieves a lot of economic dynamism while maintaining social stability.
We must differentiate between what is ideal in theory and what is ideal in practice. In theory, the best economic system is a socialist system where everyone would earn an equal salary of $1,000,000 and work two hours a week... That does not exist.
The GDP of the United States has been hijacked too much by finance, military industry, etc.,
while China is a major manufacturing country.When the global economy goes down,banknotes are really inedible.
I am deeply thankful that Cyrus Janssen has laid this upon us. China has come to understand the principles of managing an economy for the good of its own people, so they really can't go wrong as long as they stick to their socialist ideals.
China has 5,000 years of history and is among the world's oldest 'continuous' civilization still alive today, whereas other ancient civilizations like Rome, Egypt and Mesopotamia have since succumbed to history. Thus, Chinese politicians have access to a wealth of political literature and governing manuals on how to best govern China.
The key is Chinese politicians are interested to govern only China
Chinese government manages economy the way economy must be managed. They use economics science with goal which it is supposed to be used for.
Yeah one of Mao’s most famous quotes is “work for the people ”
@@Shenzhou.agreed
China has the privilege to have the best government in the world, the CPC. Also China has the best opposition party too. A formidable opposition determined to destroy China and CPC, known as the USA. Under this condition, the CPC is obliged to perform and excel at its best and they did it.
What cannot destroy you make you stronger.
You got it. One of the most important factor for china's success is that they have a gighly efficient and responsible government. I lived in the US for more than thirty years, i saw how the government here kicked the issue down the road over and over again.
Yeah when you’ve only got one party it’s a lot harder to be bothered by elections
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
My consultant is ‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
Thank you Cyrus for a pleasant Sunday morning with good tidings and uplifting information. As always, your commentaries are objective and educational. A true professional journalist of excellence.
I went to China in 2017. Although most people don't speak English, my guide, a 53 year old Chinese woman was showing us around. In the car I asked her about her grievances with the government. She said "it's all good but sometimes the censorship, the control of media is excessive. If people loosened on that, that would be great".
Every type of government has its good and bad. The communist party worked very well for China
Thanks, Cyrus, for another factual and comprehensive description of China. You understand China a lot better than a lot of Chinese. This should be watched by everyone who wants to know more about China. 👍👍🇨🇳🇨🇳
I wouldn’t say better then most Chinese but Cyrus is indeed the unofficial US-China ambassador
Thank you Cyrus for this wonderful analysis. All countries go through economies cycles, and none will sustain unlimited growth over a prolonged period. There's no question that the Chinese economy is heading to rough waters for a number of factors. The good news is that the infrastructures are still there, the commitment to the betterment of lives is still there, and the willingness for the Chinese to work hard and strive is still there. As Chinese, we are known for creativity and resourcefulness. I am optimistic that China will go through these.
There will be hard times in the future, but the Chinese are ready to face them
Well said Mark! Couldn't agree more with you!
❤❤❤❤ China's economy is actually the LARGEST IN THE WORLD WHEN MEASURED BY THE PURCHASING POWER PARITY GDP. China's PPP GDP is $33 trillion and that of the USA is only $27 trillion. The PPP GDP is a much better measure of a country's economy as what you can buy locally with your local currency is much more relevant that what you can buy with the same amount of money in a distant foreign country. None of the western media ever mention the Purchasing Power Parity when talking about China's economy and the reason is obvious! 😂😂😂😂
China at least has UD $1 0 trillions in reserves. 3 T in FX, 3 T. BRI, the Government has 4 T. Chinese citizens have a few trillions of US$ in hard cash.
'People first' is always Chinese government's concern because they know happy citizens make the country stable and I am so proud of being a Chinese.
China will rise no matter the obstacles, not only because it is their destiny, but because they are hard working people and very determined, hard work and Necessity is the mother of all invention and prosperity
If you don´t think... it does not really help to work hard.
China demographics are going down, look it up, and that will collapse it
China's demographics will obviously doom it
Most times, thinking is the main problem! Think about it.@@bjrnhjortshjandersen1286
Chinese invented the _Four Great Inventions_ (四大发明) which have had a major impact on their respective fields. _Paper_ and _Printing_ make the transcribing and transmission of knowledge much easier. The _Compass_ made navigation in bad weather conditions without Sun/stars much easier. And _Gunpowder_ has revolutionized warfare.
Your comparison of China to Singapore's development is spot on. China started their economic development in 1978 after Deng XP visited Singapore. Singapore was the prototype and model for China. Singapore was used as it is the only country with conditions similar to China. Singapore was perceived then as the 2nd China. Singapore has an ethnic Chinese majority of 75% and was very poor 50 years ago. Though we are comparing a giant to a dwarf, the lessons gleaned from Singapore's development was directly applicable to China since Singapore is a predominantly Chinese society, including culturally. To see the future of China you should look at the historical economic path of Singapore. Currently Singapore's nominal GDP per capita is in the region of USD 70k (higher than the US and most Western countries) whereas China's is about USD15k. Big gap but China will get there. When China reaches Singapore's GDP per capita, it's economy will be more than twice that of the entire West combined! The US will only be a small fraction. Now we know why the West is crapping in their pants.
👏👏👏👏👏
@@osiris7208please elaborate
😅
Terrible comparison. Singapore is a city that could live off world economies (particularly China) and benefit a small population of 1-2 million in the 80s, China is a country of over 1.43 billion with very diverse geographic landscapes and 800 million in severe poverty. China's rise had nothing to do with Singapore, it had to do with creating its own infrastructures such as dams and manufacturing to produce basic goods for worldwide exports. This led to increased and more complex products and now we have the world's best production house in the world. The closest Singapore got was Creative Lab and Seagate, now look what's happened to them, they never had the techno chops to compete with China, Taiwan, South Korea or Japan, its talent pool is too small. Singaporean education is considered world class, but again, small population and small sample. It is not a model that any country can emulate unless they also have a tiny population. Final point, no country with over 1 billion people can reach Singapore's GDP per capita, just as Singapore cannot match China's 602 billionaires or its 1.5 million millionaires. GDP per capita favours much smaller population that never had hundreds of millions to manage and lift out of poverty. China is in unchartered territory as a 1.4 billion people nation that is doing much better than anyone expected considering that the other 1.4 billion people nation (India) is still struggling economically with 300 million in severe poverty. Please don't use this silly comparison again. Compare apple with apple.
@@mrhdebater1607 I think the 800 million people you said are severely poor are too exaggerated. I understand severe poverty to mean not being able to afford food, but in China, no matter how poor you are, as long as you are willing to work, you will never be unable to afford food. You can even get a good salary if you are willing to work in a factory. If China really has 800 million people in severe poverty, then I really can’t believe how high China’s upper limit will be.
If you believe China is a peaceful and progressive country, raise your hand ✋👍🙋
🙌💪
Their foreign policy is of non-interference so it is obviously the most peaceful powerful country😂
🙌
👍
✋
According to certain economists, there are projections indicating the possibility of the United States and certain parts of Europe experiencing a recession during a portion of 2023. While a global recession, which refers to a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of China and emerging markets compared to developed economies, it is important to note that if economic growth lags behind population growth, the world economy is generally regarded as being in a recession.
My primary concern at the moment is finding ways to generate additional revenue during challenging economic times. I cannot afford to witness my savings diminish to nothing.
Given the current delicate economic season, it may be difficult or ineffective to take significant action on your own. Therefore, I would strongly recommend seeking the expertise of a financial advisor who can offer valuable financial guidance and assistance.
Exactly! Which is why I appreciate giving a financial advisor the power of decision making. Giving their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risks for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it’s practically impossible for them to underperform. I have made over $1.5millions working with John Desmond Heppolette, for more than five years.
John Desmond Heppolette, really seem to know this stuff. I found his web-page when I made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
To succeed the financial market, you must review and put into consideration the dynamics of your assets prior investing. Analysis based on research is vital which is why I recommend investing with a professional if you don’t know the basics.
Without a doubt, China is capable of more and greater achievements.
I believe u !
They definitely will
This video will be very difficult to digest for anyone who believes in current mainstream media narrative 😂😂😂😂
What about the Chinese State run media? Mainstream? Biased?
Yes they won't digest into until it hits them right on their face while they are watching American Idol or Dancing with the Stars! 😂
Yes, and particularly the guys who believe that charlatan Peter Zyhan
@@MarkYeung1they are not allowed to talk on RUclips😅😅😅
@@MarkYeung1 What about CIA run all Western mainstream media? Biased?
China has proven that central planning is the best way of organising society
Best for organizing Chinese society at the least. China is not expecting other countries to copy China's form of government (unlike the USA with democracy) and it's probably best if other countries learn from China and come up with a governing system that best suits their country.
China does not do central planning. They abandoned it when Deng Xiaoping came into power.
But no central planning does not mean no planning at all.
This is the mistunderstanding of the western countries. They think, that there can only be one of both extremes.
@@ThomasVWorm do you even know what central planing means.
@@ThomasVWorm maybe not centrally planned but still centralised.
@@Shenzhou.yeah different countries need different policies copying doesn’t always work out
This is the most comprehensive report card on China's economy i've come across this year! Thanks for sharing!
I think there are four main pillars that helps China could always playing key role on the world stage for the last 2000 plus years, good time or bad time.
Wisdom that passes from the pre-Qin Dynasty period till now for one, the majority could always standing up to face all kinds of dangers and threats, confidently and fearlessly for another, and the rest two reasons I would say is the culture of embracing all others with open-minded attitude, also the common ethics and moral principles.
China will be growing steadily and sharing their know how, new developments and expertise with other countries in their investments all around the world!!!
As always, you show evidences e.g. facts and figures, and explain them in such a way that non-expert like myself can understant them. Thank you, Mr. Cyrus.
Yeah nowadays you get some propagandists attacking without any evidence
Martin Armstrong aka the forecaster has predicted China will be the financial capital of the world in 2032.
He has never failed a long term prediction with his modelling from the 1980's from markets, economics to geopolitics.
China was once a poor, war-torn, starving nation in the past, but fast forward till today, and China has since transformed into the world's 2nd largest economy (largest if you go by GDP PPP), the factory of the world, having the world's 2nd largest R&D spending, protected by the world's largest land army, the _People's Liberation Army._ And it's all been achieved under the leadership of the CPC.
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了。
我觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
I will forever be indepted to Mrs Nancy, you've changed my whole life, I'll continue to preach about your name for the world to hear you've saved me from a hug financial debt with just little investment and patient thank you.
I really appreciate your effort for us, Regardless of the economic situation, you keep doing more 💯. I feel for our country high income, people now suffering to survive,
Despite being a single Mom, I will forever appreciate you Mrs Nancy! Despite investing $3000 & receiving profit of $17,600 within few days, investing is indeed a great opportunity.
With the consistent profits in investing with Mrs Nancy, there is no doubt she is the most reliable in the market .
Placing yourself on financial stability is of big importance, was lucky to have traveled out of Israel before all this incidents, all thanks to Mrs Nancy for standing by her Words.
This is not the first time I'm hearing of her and her exploit in the trading world but I had no idea on how to reach her, I have already lost enough in gambling..
Thanks a lot for your kind response, I would love to connect with Mrs Nancy.
China makes sure she draws many lessons and much wisdom from failures and humiliations of her past sufferings and hardships.
Confucius' teachings have been followed by China and Asia for more than 2000 years and they still hold true today.
"A healthy man wants a thousand things, a sick man only wants one."
"What you do not wish upon yoursel, extend not to others"
🌿 A healthy man does not understand his most precious wealth is his HEALTH, when he loose it he understands he has nothing, so the only thing he want is ONE THING (HIS HEALTH ). NO HEALTH NO WEALTH 🌿
Other than Western world, India too wishing China will collapse. Otherwise, never had a chance to win China's at all.
It would be great if India and China could work together ‘cause that’s almost half the world population
INDIA CAN NEVER REPLACE CHINA...BECAUSE OF CORRUPTION ... DEMOCRACY AND THE RULING CLASS APTITUDE ! WHILE THE CHINESE IS SERIOUS ABOUT EDUCATION...ONLY THE RICH GETS GOOD EDUCATION..IN INDIA...
India can wait it out, china's incredible bad demographics will make things difficult soon.
Not all of us. I want India to grow just like China, and try to match them fair and square.
I wish our countries could work together, and make Asia great again.
Westerners aren't hoping China will collapse, but they might like it better if it weren't governed by an increasingly belligerent autocrat who talks peace through his mouth but walks war through his actions, like harassing western naval ships and aircraft in international waters and airspace, claiming the South China Sea as a Chinese lake, practicing a blockade or invasion of Taiwan, and not upholding its treaty obligations like the promises it made to the people of Hong Kong and Britain regarding the "one country, two systems" status of the special administrative region.
Interesting point that China has built the world's largest middle class. That used to be a characteristic of the USA but for a long time now the US has been transferring wealth away from the Middle class to the very rich leaving itself with a depleted middle class and one of the world's largest populations of working poor.
The US is striving to increase GDP, while China is suppressing GDP. I am not referring to actual GDP, but to paper GDP. Used cars in the United States, ham sausages sold by vendors, these are all included in GDP, but China does not include them in GDP. Chinese healthcare costs are relatively low compared to those in the United States, but the US healthcare GDP accounts for about 20%, while China's healthcare GDP accounts for about 4%. China seems to be deliberately hiding its GDP, Although China's purchasing power GDP was already the world's largest in 2014.
this is absolutly correct. China also does that with unemployment. The US counts people who work at least 1 hour as being employed and exempts students from the data. Whereas, China doesnt consider working 1 hour as employed and China does count teens and full time students in their data. That is why China has a high youth unemployment rate. Chinese logic: Not working = unemployed. (period)
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are headed for hyperinflation,it is always the poor who take the hit.
It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment every 14 days.
HOW !! I know it's possible , I would appreciate if you show me how to go about it .
You actually need an expert trader assigned by a registered broker company to help you out. I currently trade expert MrsJanis Claire Morin . I thought I'm the only one trading with her .
It was a very awesome transformation , No greater joy than seeing my progress in an initial decision ..
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Bucking conventional wisdom, the stock market is currently bullish. Despite risks and high rates, it grows, emphasizing adaptability for traders. Instead of predictions, they should focus on trends and strategy adjustments. Key factors include specific stocks' performance and upcoming earnings reports. For those eager to thrive, real-time data and sharp analytics are critical. My own success? A testament to Tammy Brockman strategies - over 19btc amassed in just six weeks.
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I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more
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Excellent summary of the Chinese growth strategy that could be a blueprint for other countries.
Great analysis. Looks to me like China will continue to grow a lot faster than the West for the next few years. In particular, China's growth in electric vehicles and solar has been phenomenal in the last year or so. Longer term, the very low birth rate will have an impact, of course.
Francis Fukuyama almost singled-handedly contributed to the blind-siding of the US to the emergence of China as an economic juggernaut. His essay "The End of History" was published in the summer of 1989 just months before the fall of the Berlin Wall. This essay was so embraced by the west - that western liberal democracy has triumphed over totalitarianism and other forms of governments. The fall of the Berlin Wall just confirmed Fukuyama's thesis.
This self congratulation had resulted in the west ignoring an important event - the admission of China into the WTO in December 2001. Francis essay was expanded and published as a book in 1992. This again lulled the west into deep sleep - the west has won.
Months before, September 11 happened and the US then began a 20 year campaign - war on terror. While US was spending time and money on the Afghanistan war, China was quietly and rapidly becoming an economic powerhouse without being noticed.
To add to the distraction and misdirection, Gordon Chang published "The Coming Collapse of China" in 2001 - further lulling the west into complacency and the belief that China will implode. (Note: Gordon has been wrong for more than two decades. Even a broken clock tells the correct time twice a day.)
So, China has been able to rise peacefully in the last two decades because of some amazing events conspiring to detract and lull the west into ignoring the emerging challenge. These were the lulling effect induced by Fukuyama and Gordon Chang's books. America's attention and resources were focused on destroying and looting Afghanistan. And the admission into the WTO has enabled China to outdo the capitalists.
Fast forward to today. Here we are - the US belatedly trying to slow and stop China's economic growth. I think it is too late as China is fully integrated into the world trade ecosystem, especially with the US. Any attempt to slow or stop China's growth will boomerang on the US.
Gordon Chang's predictions are more similar to Schrodinger's cat than to a broken clock. 😂
Thank you Cyrus for educating me about the China of 2023 and for being a Statesman who shows no bias. Deng quoted the old proverb "it doesn't matter whether a cat is black or white, if it catches mice it is a good cat."
Brilliant analysis, thanks as always, Cyrus!
I have traveled and lived in china and much Cyrus reflects upon in this video is true..the core of Chinese success is the cultural value of collectivism, discipline and hard work
What a capable Chinese government that the world can humbly take a page to learn from.
Yeah we can all learn from each other
Meritocracy and political stability are the most important factors, I would actually put China's long tradition of meritocracy (hence the potential for strong innovation) as the no.1 factor, and it's the factor that can hardly be copied by other countries.
I was blessed to work with the Chinese Medical Association setting up meetings and also working Siemens setting up the first MRI machines and teaching the Chinese medical students how to read the scans this back in the 90's he is right people just get things done and think long term.China was also having Qualcom setting up all their telecommuncations
that went from a horrbile land line system to the best system. It's a mixed system 0f all styles commerce!
i think china should call it "the working style", meanwhile U$ specializes in the "feel" good style. LOL
How did countries like Denmark, Finland, UK, etc rank high in the Global innovation index? What have they innovate? If it's the same group of people who decide on the Nobel prize, then might as well ignore this shallow survey.
And, Finland is always ranked as the happiest country in the world. But, recently it was shown that China was actually happiest country in the world, according to IPSOS survey done in France.
I noticed in Weihai, Shandong, that we had more Chinese tourists holidaying here than ever before and beaches and markets were packed-possibly due to 4 years of intermittent lockdowns.
also not as many are going overseas anymore as u.s, europe etc are not great for travelling at the moment...
Do you notice that overseas tourists are not coming to China anymore? Do you know why?
@@MarkYeung1 MSM fear mongering
@@MarkYeung1That is an illusory perception that foreigners are no longer visiting China.
To tell the truth, there are 204 countries in the world, instead of 7. 😂
@@catinbootsnow4267 The numbers are there. You tell me. How many flights are arriving in Shanghai's Pudong Airport every day from overseas now, compared to before the pandemic.
Theres 2 things we need to take into account with China,
Cyrus has mentioned before in previous videos, which was
• Think of a plan. The chinese comes across a problem(s) they'll think of ways to tackle it.
• next one is 危機 which means crisis (souds very bad). However, individually
危 - danger
機 - chance
The cpc will try to identify the silver lining and take the risk.
This can be seen in a few of their development,
Nasa iss.
Chip sanctions
Huawei develope it's own IOS
Western companies do a SWOT analysis - Strengths, Weaknesses, Opportunities, and Threats.
Observing China, I see them do an SDOC analysis - Strengths, Deficiencies, Opportunities, and Challenges.
They view strength as not the ability to dominate, or overcome an opponent, but the ability to nurture and engage with an opponent to find a middle ground (which is sometimes impossible as when the Mongols and then the Manchus conquered China, yet both groups immediately tried to emulate Chinese culture and not impose their own).
A deficiency is not an area of weakness to be either work around or be discarded, but an area that needs more resources to flourish.
Opportunities are seen as the ability to find a win-win solution. In the West it is about finding a competitive advantage.
Threats are seen as Challenges. It is an opportunity that simply has greater requirements and needs more finesse. It is not about a move and countermove, but addressing the underlying conditions that created the situation. The difference is clearly seen in the actions of NATO compared to the Global Security Initiative, or how China addressed domestic terrorism compared to the Global War on Terror (victory any day now!)
@agnosticpagan well said and definitely much better than how I can present it
Dude you guys have some crazy acronyms here
中国产业链升级了。国内廉价制造业去了越南非洲。电动车。芯片。无人机。华为。腾讯。等高科技产业留在了中国。提高了中国人民的工资。又能帮助非洲。中国最先走出去的行业就是建筑行业。帮助非洲搞基建，中国又能赚钱。非洲也能发展。以后会有更多的中国企业走出国门。然后更多的高科技公司进入世界500强。现在全世界。中国500强公司是最多的。这就是原因
Honestly with long term planning and having a bunch of intelligent people working at the government level, China will continue to grow.
China has shown it can be very flexible. I have little doubt it will adjust and strenghten it’s position as a global player. It will use AI to further automate as population declines. I suspect it will also start offshoring manufacturing along the Belt and Road system, enriching all its partners and displacing the dollar. China has a great strategy.
Well done Cyrus. Brilliant and balanced synopsis
China nominal GDP is 19 triliyons USD that's not included Macau HK and taiwan
Don't forget that China has almost 4 times the population of the United States.
@@MarkYeung1 Yes, on a per capita basis, China's GDP is about a quarter of the US. This metric is useful to compare the average wellbeing of its people. But the economic wealth of the US is very concentrated in the hands of very few. Also, the US economy is inflated by services. So, the average Chinese is probably better off than the average American.
More importantly, when it comes to super-power geopolitical contest between the US and China, it is the absolute (total) amount of GDP (PPP) that counts. With a bigger GDP, more can be spent on defence, cutting edge technology, and R&D on future technologies. Moreover, most of China's spending are on infrastructure for the people; most of US's spending are on profits for the Military Industrial Complex. China can spend less on defence than the US, but gets more bang for the bucks. A bullet produced in the US cost more than 10 times the same bullet produced in China.
@@PhiloSurfer is not only how much you make is also the cost of living.... you need 100k a year in states like NY or CA to have the same living standard as someone making 30k in states like Ohio or Kentucky.
@@morganangel340确实离谱。10万美元。在中国县城可以躺平50年
不在上海或北京 😇
Excellent vid, Cyrus! Well thought out, convincing, easy to understand, completely believable and covers a broad spectrum. Well done! The US better start sharpening its pencil!
I've been involved with China since the '80s, before it's opening to the world. It's transition has been miraculous. 90% of your 15 points are true, Cyrus. I love China's esthetics, arts, and deep cultural traditions, especially compared to the bastardization wrought in the west. I hope China will continually progress. But not by bullying its neighbours and by rapaciously expanding its theft of other people's intellectual and material resources.
Thank you for this overview of China's amazing progress that came about from hard work, perseverance and innovation! ❤
One Of Asian Value Is Work Hard, Always Save Your Weath For Raining Day. Never Spend More Than What You Earn.
❤ tqvm Cyrus.
Underlining most of the 15 reasons is the fact that China's most precious lesson learnt from the West is that Greed, Corruption and too much Liberal Capitalism allowed a few to control and disregard the welfare of even their own citizens and even their allies.
Yes China negotiated with Ali Baba in the interest of it's nation and the rest of the world.
The Western Elites few have much more than they can spend within their lifetimes but cooperation w/o greed and corruption can yield enormous successes.
More and more nations and Entrepreneurs are waking up to this and that's encouraging and progressive.
There only remains very few in capital hill whom beleives the BS that they themselves spun.
Yeah I think corruption haven’t got much market in China
Will not fail but will grow.
Cyrus Janssen should be a candidate for the U$A Presidency
Yeah that’ll be cool 😂
Awesome report Cyrus, thank you.😊
Brillant video, thanks for sharing!
Could you maybe make also a video on what's not running smoothly in China? Simply for perspective? It would be greatly appreciated ❤️
It is funny why almost every Westerner will cite Real Estate & High Youth Unemployment as major problems that need to be resolved.
1stly, China has no intention to make Real Estate a major contributor of growth for obvious reasons, not gonna dwell on this but ponder upon this, real estate is a major contributor of economic growth in the US and without fail, every 6-9 years, there will be a drastic drop in real estate, creating more poverty and enriching the rich.
2ndly, unemployment is a challenge but it depends on what you base your figure on. China recently put unemployment at over 23% if i'm not mistaken and the West was having a field day predicting China's collapse. Hence the Chinese govt has decided not to publish unemployment figures anymore in future because the west uses it to spread disinformation.
To begin with, this unemployment rate includes fresh graduates and those awaiting job confirmation. There are also those fresh graduates who have decided to take it easy and have not applied for a job. The Chinese govt believes in transparency, hence published true data. The real unemployment is actually 5.3%. No doubt this figure is still high and ideally is less than 3%.
Lastly, the per capita income is not the right measurement to indicate the standard of living. The best measurement is disposable income but even this can be manipulated and usually is by Western or Corrupted govt. To get an idea on how good disposable income is, look at the savings rate. However, savings will need to be measured against the cost of 1st home ownership. As i mentioned earlier, real estate is not China's priority but that is not to say its not important. Real estate growth should commensurate with population growth and not supercede population growth excessively. No need to look far, just look at your own American economy for the past 25-30 years and you may understand why poverty is increasing in relation to real estate.Economy is a long topic but most Western analysts do not analyze China for the benefit of investors or interest of their own nations but to discourage investment in China, demonize China and to snuff out China's candle so that own look brighter. However, these actions of the West are ok because they are only fooling themselves and at the end of the day, their loss.
Many believe the US vs China is democracy vs autocracy, but its actually plutocracy vs meritocracy.
Those who always hope or believe China’s economy or Chinese GOV will collapse will be disappointed. They wouldn’t be able to see it in their lifetime 😂
They will see China collapse after they are 6ft under. A typical Chinese dynasty lasts 300yrs😂
They don’t understand Chinese family structure, everybody bands together in hard times unlike the western way everyone looking out for them self.
I remember in the mid 90s when China was starting its rise, all the US economists and Wall St experts were calling for the Chinese to collapse any day now. Here we are today 3 decades later, China is still strong and the US is now woke
The big problem with western economics is that the people with money don't care what they invest in as long as it gives big returns. There is little to no plan and it creates these both short 5~8 year crashes but also a 30~40 year debt implosion and those will continue to get worse over time as the amounts get inflated every time it happens. In the end money doesn't matter what matters is the physical economy and China understands this.
In the end it doesn't matter how much money you have if there aren't enough farmers to make enough food it's going to end badly, same for housing, education, healthcare and we've seen this in the US and the EU to a lesser extent where purchasing power continues to fall making more and more things unaffordable especially as those nations continue to move their physical production abroad because that is more profitable for investors.
It really is an absurdly dumb system and even when I was just a teenager who knew not just a little but actively know less than 0 (lot of misinformation) it never made sense how people could get poorer on average as technology advances. 15 year old me could have never imagined current day me would be interested and pretty well read on macro economics, policies, politics to the degree I am now. It is so increasingly obvious now that what I was told in school about the economy was a lie, purposely so. It's insane.
It's because of this lying that we now have to deal with actual fascism.. again as the rich and powerful know their time is limited are starting to use more forceful methods to keep the people subjugated. We see this very well in the EU as most of those nations have been degrading their citizens wealth in a way that I can only explain as a ponsi scheme or pyramid scheme. At the same time we see massive amounts of violence at the EU borders which is forcefully displacing many people, specially people with very different cultures, from their homeland which with lots of fascist, racist and nationalist rhetoric by politicians and media to get extreme right governments into power.
It's a seriously scary time.
Cyrus, I have a suggestion to offer: it would be great if you brought Peter Zeihan to your show. He seems to have a polar opposite view of China's present/future and offers some seemingly compelling arguments, facts and figures that support his thesis, as do you to support yours. It would be great to cross-check both cases in a healthy debate.
Don't listen to Peter Zeihan. I listened to a few of his videos and my IQ got lowered.
@@aksuxin8415 He comes across as very knowledgeable, as Cyrus as well. Listening to different sides of the argument where knowledgeable parties can challenge each others' knowledge/arguments in real time would be beneficial in getting us to a better understanding of the situation imho.
Chinese people are investing in real estate around the world, which has led to rising housing prices in many areas. People's basic necessities, food, housing, and transportation should not be hijacked by capital.
China has their style of Democracy that works for them.
They will be on a slower growth path , but 3-5% growth is still way higher than all western countries. They have invested heavily in infrastructure, 5G , EVs , solar, E-bikes , face recognition, hi speed rail , subways , highways, wechat super app , etc. No country comes close. The move away from property is good, resources will be directed to other areas more productive. The govt has proved very consistent.
Cyrus, you are making Gordon Chang very unhappy, because your videos and reportage severely impact the sale of his "coming collapse of China" books in a very negative way.
He will soon get heart attack 😂😂😂😂😂
Gordon will continue making money off wishful thinkers who fantasize the downfall of China.
I never ever tire of your presentations, really. It’s always objective, impartial and most importantly, informational truthfully.
Unstoppable! 🇨🇳
I think the secret of China’s success is the pragmatism to combine communism and capitalism. Having state-run vital services prevents private companies from profiteering at the expense of the people. For example, here in Britain people are struggling because of rocketing energy costs while energy companies report record profits.
Yes, I think it is very interesting, how pragmatic a communist party can be.
But I also wonder, whether Xi Jinping is still as pragmatic as Deng Xiaoping.
I always look forward to your analysis so that I can share it will all of my "China is our enemy" friends. sigh...if only minds were just a bit more open.
Yeah it’s frustrating how some people just won’t listen to the truth
I am just a County Boy, but how can an economy based on debt, cheap labor, and real estate development continue to grow? Demographic collapse, inability to borrow, and can’t build tofu buildings no one lives in.
Thank you bro 😃👊
Best video I've ever watched on China!!
China has to innovate for the future. Chasing high growth targets is not sustainable.
Not to worry - of cse China Will.
endia supper pawaar 2012?🥶
Everyone is ignoring what`s going on in Macau!
`Macao's GDP is forecast to increase by 13.9 percent in 2024 as a result of the gaming sector's continuing bounceback and investment in non-gaming ventures, boosting the territory's private investments overall.7 Mar 2024`
Lifting everyone make sense and help people who have been disadvantaged by different situations that happened in the passed is a good Idea
Excellent analysis!!! Great job Sir.
What a transformation!
Excellent report here from Cyrus. Today I learned a few things here.
For the USA:
IT IS IMPERATIVE
that no Eurasian challenger emerges capable of dominating Eurasia and thus of also challenging America
-
Zbig Brzezinski
Wow Cyrus, what a tour de force of a report and analysis of China’s economic strengths! Brilliant! China indeed will not collapse! Thank you!
China will not collapse. We are wise. We think ahead and build enough dwellings for 6 billions inhabitants. Pls invest in our glorious commercial buildings and magnificient subdivisions. We also have TONS and TONS and TONS of fine bridges, airports, seaports, hi speed train stations etc etc....immediately available...any currency welcome...
Cyrus is freaking some people out here........
And to many giving heart attack who think filthy and crumbling west is paradise.
@@DK-ev9dg 12 minutes ago
And to many giving heart attack who think filthy and crumbling west is paradise.
That's MSM.......
Cyrus, 请问你如何看待目前中国的经济现状？普通百姓的生活水平下降，萧条的经济，倒闭的实体，年轻人的婚姻理念，贫富悬殊在各阶层的体现，医疗的无保障，频危的地产，各级层的贪腐，高昂的民族情绪蔓延，
等等一系列问题。
谢谢回复