Who would’ve known leveraging excessive debt to fund unsustainable unproductive asset bubbles would lead to total economic collapse. Australia is headed down the same path with our ponzi housing market. Every lazy government in almost every country keeps making the same mistakes for short term personal gain.
Australias prices are caused by lack of supply compared to demand, whereas china has so much supply the market is crashing as there is no demand, it was done to keep people in work. conflating the 2 is ridiculous.
In fairness the world had a lot on it's plate digging out of supply chain issues from the pandemic and inflation being an issue that was hard to ignore. But you know it's bad when propaganda can no longer paper over the problems.
It's different from Japan. Japan had to raise value of yen due to plaza accord. China is dropping the value of the yuan and flooding the world with cheap goods. It's basically trade war.
@Jayross3800 - I do think that many people are just realising that China's economy is in a really bad shape. I have expected problems to surface for over 10 years now. That said, I don't think China is close to collapse at all, far from it. A dictatorship has so many ways to manage the situation that democracies simply don't have or would not even have considered using anyway because of the free press. China is very imbalanced but there is much left to develop (where returns are lower). they'll continue at a true 2-4 percent for many more years until the demographic situation forces them into recession. What the officially made up growth figures will be is anyones guess and irrelevant really.
You must’ve been asleep b/c by any metric, China collapsed around the time they unleashed Covid - trillions of dollars in real estate defaults, trillions more in local gov’t defaults as a result, & hundreds of billions of $ of industrial assets have fled China. & on top of the countless hundreds of millions of people stuck in poverty that China was already famous for
You would also do well to mention that they changed the definition of poverty, which also “rescued” millions from officially being defined as living in poverty.
@@Lee-gc6ndfirst, we have different definition for poverty. nowadays almost every chinese people can feed themselves,drink clean water, 24 hour electric supply, and possess a smartphone to enjoy short video and anti us news ,and living wihtin high quality infrastructure even in a small village, besides they have nothing like vote, speech freedom,and they can not afford a car or big house in city. so ccp said no one still in poverty.
@@theCornerOfChina yes, China changes their definition of poverty when it suits them. Sure, other countries do similar stat fudging. But no one does it as massively as China, and that is massively dangerous for the Chinese people and the rest of the world
After 45yrs of continously break neck growth, the country demographic changes and family economical profile also changes significantly. Hence, existing model of endless economic growth path cannot be continued It is good to have a realignment China new growth priorities. But any changes out of comfort zone will be painful for any human, even for prudential Chinese. Japan 30yrs of experience is a good case study for China, the key is how China can borrow Japan experience and create something that suit China
Can't. It can't because CHina will do what Xi says. He is one man that has the power. It never ends good for countries. Besides, it was not him who was responsible for tremendous growth, it was someone else
I only have anecdotal information about various relatives of my Chinese friends who live in Shanghai, Beijing and Shenzen, and they have seen their respective real estate property values plunge tremendously. At least one of them was preparing to sell a large home they have in a high-rise tower, but the real estate market is in crisis and they are no longer considering selling it.
As it should. They are deliberately deflating their real estate market in a controlled fashion to avoid their version of the Great Recession. Whatever is happening in China doesn't compare to the 2008 Great Recession.
I have friends in China.. chinese people 40-50 yrs age group.... they played the lets get rich like americans game, spurred on by the chinese govt programs and local officials..... now they are shitting their pants and their wealth is diminishing fastttttt and they are scared to talk about it. They have secret meetings where they talk and vent their frustrations... They are terrified of the CCP.
The same has happened in Lanzhou. Realestate has come down however but peo0le are not buying either. People have lost jobs. Even population growth has stalled. Not good for China.
@@anthonywilson38population growth has more than stalled.. part of the reason for the chinese miracle is the fact that the fertility rate crashed decades ago. It's called the demographic dividend
Whenever I see an absolute value such as X billions lost value without any mention of percentage, I immediately start to suspect that it is meant to sound worse than it really is.
In this case you can assume that it is worse than it sounds. That said, I agree that there are numerous ways in which data can be spun. Imagine a crash in the Dow today of 100 points, it's a daily fluctuation, back in the late twenties it would have been a major crash.
Think about it, china been on the rise since 80s and usa cant handle competition. Its propaganda, they say its been in decline for years. Dont you think it would be declined by now??
U can only hide dirt for so long under the rug until it becomes too obvious. The nature of hiding the truth really comes out in the most inconvenient way.
He forgot to mention that Evergrande that borrow excessive debt despite in huge profit property business is a private company, the state owned property companies are relatively unscathed because they don't borrow so much
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset
@@belljoe it a loss for the ones who were already in the business since they lose most of their investments and money. its a good timing for the ones who are barely starting since they can buy stocks when they are cheap without losing that much money. they just need to wait until the business goes back up before cashing in.
Meanwhile 34 American CEO visit Beijing for the China Development Forum 2024, and Apple opened it's second-largest store globally in Shanghai, oh well.....
Absolute nonsense. China is already the largest creditor and largest Real Economy in the world. Whereas USA is bankrupt, the largest debtor nation in the world. Janet Yellen was going around begging for loans to no avail. What crap is this???
It’s clearly just propaganda against China. Deep down Americans fear China. And to denigrate them is the only way Americans can feel better about their own woeful situation.
@@pipipupu5104 And there is always a butthurt pipi in the comment section who cannot digest any comments which contradict their dream of seeing a China collapse.
Deflation is not the problem. The crash of an astronomical housing bubble, unrivaled by anything from history, has popped. People have not stopped consuming because they are saving. That would be positive news. People have stopped consuming because they are servicing their loans. The housing market is gone. Second hand prices has reduced by more than 90%. We are talking about a housing market, able to populate more than 400 million households, owned by 100 million middle class households or worse. It is illegal in China to default on your loans. There is no way for your average person to go bankrupt. So the middle class of China is paying of their loans instead of consuming.
What you described is called balance sheet recession and is the same thing that Japan went through. The issue with balance sheet recession is that it causes deflation. Deflation makes it impossible for a country to recover as its a self-enforcing cycle. Chinese are in for a difficult time.
The bubble already popped. The government is stepping in to stabilize (but not allowing it to go up). All because Xi says housing is to live in. Going forward housing and stock will no longer be a driver of growth for China. All growth will come from manufacturing.
Yeah but for the USA, we literally own the money printing press. And as long as the US administration pays the interest rate on it’s loans, the situation is hardly dramatic. And remember, most other countries’ debt is in USD. And USD is the standard for most big finance transactions, like the oil industry etc. The trillions dollar debt of the US should certainly not lead to complacency, but if the billionaires paid their fair share, the US could quickly start balancing their books. As long as moron MAGA vote for Trump, that won’t happen though.
The US GDP to debt ratio is not actually that bad. Debt added vs growth added sits at around 120% YTY. Which isn't perfect but is far from the serious problem so many think it is (mostly whoever is the political opposition party at the time, and notice as soon as they get into power suddenly they stop talking about it). Further, US Market cap sits comfortably at 51 trillion which massively outstrips the roughly 34 trillion in debt. But the real way that accountants and debtors view the rconomy is in TOTAL debt, including private, versus TOTAL production including all finished products and capital in an economy. When we do that, we see just how titan the US is, and how healthy it is. Total economic value of $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP). Truly colossal economy. By comparison, I don't have numbers I trust on China's economy... but by ALL accounts, far smaller and far more lopsided. It's what happens when you try to rapidly industrialize, educate, but also oppress, over a billion people for so long.
GDP can be very misleading. Especially when countries are obsessed with hitting a number and “cook the books” in order to prop it up. When looking at investment, I’m sure there is a massive amount of unaccounted government spending that has been hidden. One does not build an entire nations infrastructure in 20 years without it.
GDP is only a good indicator when it reflects well on your favored political party. Any other time, it's an incomprehensible figure you're just not educated enough to understand. I learned this from Facebook.
@@zacksmith5644 oh goodness Zach… if you think their growth numbers are reflective of their current performance, you are sadly mistaken. There are several under-lying issues that will not only stagnate China (very similar to what Japan experienced in the early 90’s,) but most likely far worse.
China has been collapsing for over half a century in western propaganda 😂😂. Anything new? I remembered when I first came to America for school the professor told us the same things,the industry gonna collapse because of counterfeiters . The movie industry gonna collapse because of copyrights …. More than 20 years passed by. 😂😂. I laughed 😅
Most bug economies have debt to gdp around 75 to 120 percent. But sovereign debt is a lot different than household debt, because countries have so much more leverage than an individual. A better but more complicated Stat is your return on that debt, ie are you taking out loans to expand your economy well or taking out loans to cover the last loan
@@jaimhaas5170it would be doing incredibly well actually. There is a website that tracks all US debt and assets and you can see the stat for assets growing SIGNIFICANTLY faster than debt meaning that the longer the US exists in its current state the smaller the debt proportional to its economy.
Agree . . . China's infrastructure more better than USA. This writter should focus on USA's subway, homeless, inflation, bad infrastructures, criminal rate, etc. This video is bias and unfair
One of their issues results from wanting the benefits of the "free market" with the control of their political system which results in - internal corruption, business which should have failed being allowed to continue and covering up any bad news. Like a person who starts lying to hide things, it can get way out of control....
Spot on. It's way worse than that. This is a country where local officials will paint fields green so they look productive for the satelllite images that the CCP is going to see later. Everything is based on lies and deception and telling people what they want to hear.
China is ranked second highest country holds US foreign treasury after Japan. Every country has its challenges, good or bad, the leader of the country will need to figure out what to do. China is like US, US has gone through recessions but US survived. Remember the times that everyone was buying multiple houses in the US? If China economy collapsed, it will impact globally. We all should be worried! Let’s pray!
You are aware that we live in a Debt based system, all growth is Debt based. It depends on who creates the debt as to whether it is a real problem for the economy.
This rumours has been going on for more than 30 years !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In purchasing power the Chinese economy is already 1.7 times larger than the US. GDP in ppp is more accurate. There is no need to keep on comparing GDP in USD when you do not trade in USD as China does.
America is gradually moving away from trade with China. Vietnam and South Korea. And the Philippines. You can see the labels on the things we buy. Of course we trade with Japan.
After all, the U S has recovered from the 2008 financial meltdown starting with the sub-prime mortgage crisis which was also related to real estate sector. Similarly, China, too, will certainly recover sooner than later from its present economic crisis!
Why was GDP in power parity never taken seriously ? Especially since GDP in PPP is better than nominal GDP for comparing the economies of different countries.
Do you just rely on Bloomberg or Reuter for your analysis? I think you will need to look at both side of coin. There are countries with much worse debt problem than China. US and Japan. US has a debt level well exceed 320-350% of its GDP, Japan well above 420% of its GDP. But with Asian nations we also know that their citizens are also savers, their saving ration is about two or three times that of the US which is around 45% of their GDP when most American cant even don't even have a week of their wages in their savings. When you said the real estate sector contribute 30% of GDP that is actually incorrect. The real estate and building construction contribute to GDP is 14% . Not allowing EverGrand like companies getting easy access to credit from Chinese Bank is actually the correct policy in minimize the bubble they can create, it makes economic sense to do that and also protecting the banking sector.
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing. 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. New York Times: Banking crisis imperils China 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010: Nouriel Roubini: Hard landing coming in China. 2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012: American Interest: Dismal Economic News from China: A Hard Landing 2013: Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. CNN: Forget the trade war, China's economy has other big problems 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? .... Yet it's already 2023 and China's economy is still going strong.
At 14:05, you quoted Bloomberg saying China’s deflationary pressure are the worst in a 14 year period .. however u didn’t mention that quantum of the deflation, which was under 1% for a 3 month period . You also didn’t mention that CPI improved in January by 0.2%. Finally, you didn’t bother to mention that almost the decline in CPI in 4q 23 was because of a fall in pork prices ..!
@@malcolmbirkett1347 🤣🤣🤣🤣🤣 u are such a joke pumpkin . Free market ? Usa has repeatedly violated free market . Sanctions , unilateral sabotage of china. Cmon don't peddle free market bs anymore Usa europe only use free market when they can manipulate it . When china came into power now both europe and usa are crying and sanctioning to stop China Free market is chinese market
@@ShaunPatterson 1. Do you even realize how big china’s population is ? It’s 1.4 billion. 2. So as long as there is some certain type of crisis, China is gonna do nothing about it ? Let’s list some crisis in the US, border crisis, drug crisis, health care crisis, homelessness crisis, gun control crisis, gender crisis, government credibility crisis, and all these are unsolvable issues in the US, fortunately, China has none of them
China faces a real estate bubblocalypse. Consider the ratio of the value of its housing market to its GDP. According to Statista, the total value of China's housing market is about $135 trillion. As for GDP, China recently CLAIMED it was $17.7 trillion. Dividing 135 by 17.7 gives a ratio of about 760%. In the US, the ratio is 148%. Moreover, China's true GDP is not $17.7. Its true GDP appears to be somewhere in the neighborhood of $7 trillion. Using that GDP number, China's ratio comes to more than 1,900%, which is almost 13 times higher than the US ratio -- and that's despite the US itself being in a bit of real estate bubble.
I live here and it is alarming how quickly attitude here has gone from China is unstoppable to China is doomed. I’m genuinely shocked how quickly it has happened. People here have become so pessimistic.
It's because of the CCP. A more free China where the Chinese people's ideas and potential was unlocked, instead of oppressed and controlled, would not be doomed. Yes, there would be challenges such as unfavorable demographics, but many countries are facing that challenge and doing better than China. China will never thrive long term under the CCP.
Sure, your words make sense, but here's my question: Have we really escaped from colonialism, or are we still trapped in its clutches? Do you think it's because the United States and their European Union allies haven't yet controlled the market and manipulated the financial system enough to dominate a significant portion of the world's population? But do you really believe that we are beyond colonialism, perhaps not in the same way, but still stuck within the confines of a system that keeps us ensnared?🙄🙄 So, for your sake, let me give you a heads-up from my side. Step out of spreading this kind of twisted news that confuses people. Of course, I'll also mention that every country has its own selfish foreign policy, determining who they work with and showing less interest in collaborating with others. It's their exclusive affair. Here, if you dare to offer advice or suggest cultural assimilation or share New Age advice with anyone else, it functions like a virus. So, let me tell you, firstly, clean up the mess you have in your own backyard, and then come to offer advice to others.
Not mentioned but very important is that they have passed espionage laws that are vague, and basically any foreigner can be arrested at any time for any reason for espionage. China has a 99% conviction rate, and is basically lawless, where foreigners have no legas recourse. So if you are a foreigner, it is time to leave. No foreign companies want to invest in China with this climate. All new western factories are being built else where.
Housing debt is local in china, its not 2008, housing is not the biggestsectors in china, they are readjusting and will do just fine the next decade, their growing high tech sectors, green energy and reactor technology are world leading, its why the biggest investors and and banks are wanting in, if i had a dollar for every china collapse story the last 50 years 😂😂😂😂❤. You might want to worry a bit more about the dilapitated U.S culture and infrastructure .
There's also the possibility that since the number of births was so low in 2022 the CCP had to admit that the population shrank that year - it was probably already doing so since 2020 to the tune of up 100M people who don't exist.
At 12:55 you say that a third of LGFVs were unprofitable, but the text on screen says that they did not generate a posit cash flow. Those are entirely different things. A company can lose cash while turning a large profit or be cash positive when operating a loss.
Another clarification, at 16:06 you state that deflation is "worse than inflation". That is not necessarily true, although it is correct for the case of China. Deflation is a bad sign, when it is a consequence of lower purchasing power, and it leads to the negative feedback loop you described. Deflation can however be a good sign. In the late 19th century, the US experienced one of the greatest leaps in purchasing power and standards of living ever recorded. That was a time marked by deflation. The money supply was dependent on gold production, while productivity was skyrocketing, which led to deflation. Not trying to be pedantic here, just adding my 2 cents. Great video.
90% of Cinese construction in the last twenty years has little value as the materials and project management are sub- standard. Millions of mortgage holders have lost their life savings.
For 40 years you have been repeating that. The truth chinas industrial power is bigger than G7 combine .and ny gdp PPP is bigger than usa japan and Germany.
What was mentioned enough was the fact that the wild spread corruption under the previous two leaders were devastating to the economy of China. China Everglades Group was the guilty of bribing bankers and officials in trillions. President Xi was the most brave and wise leader that has been crushing corruption since his ruling of a country in danger of losing control of the rampant corruption that had been the worst ever in the long history of the country. Jiang was the most corrupt leader of China and Hu was a weak leader who was always under the influence of Jiang during his decade long tenure. This is a fact known to almost all Chinese.
Most people write timetamps as TIME, then description: 00:00 INTRO 01:16 45 YEARS OF GROWTH 04:17 STATE OWNED ENTERPRIS 05:05 CRISIS AFTER CRISIS 10:29 HIDDEN DEBT CRISIS 13:47 HIDDEN DEBT CRISIS
Regarding the poverty numbers in China: The Chinese threshold for poverty has been lowered more and more over the years, contrary to inflation, making it appear as if they were highly successful in reducing poverty.
Look at the Homeless issues in US and Canada and UK. Go check out China on Homelessness. The Chinese government address such issues but government in the West do not bother.
Because America does not rely on anything domestically. There is a constant exploitation of underdeveloped countries. The global economy runs through america and Americas currency. The dollar never loses its value since every other country conforms to its demand.
Appreciate for your research for this video, but suggest you better to do a trip to China before you make any conclusion. By talking to local people, you know another side of the story.
Bro please read about USA as well. The debt to gdp ratio of more than 120% percent should not go unnoticed and a deeper analysis like you did for China in this video is also highly warranted for USA.
The US is a much wealthier country with a national income per capita more than 5 times that of China. If you're wealthier, you can afford to handle more debt. Not saying that the US shouldn't be worried about its debt, but it's not nearly the danger that a lot of the fear mongering suggests it is.
It's different when the USD is TRUSTED as the world's reserve currency. India had an issue with Russia where they had too much rupees - and it slowed down the purchase of it.
You said deflation is worse than inflation. For who? I would say deflation punishes irresponsible people/businesses while inflation punishes responsible people/businesses, but that is what it seems like our government prefers to do.
You say that state owned banks in China keep on printing money to lend to state owned enterprises and is inflationary. Yet in the first few minutes of your video you mentioned that there is deflation in China. How is that?
The situation is well manageable. The country is still having the most billionaire's in the world. Making big profits is not about short-term visions but the long-term patience.
I've always suspected China is cooking the books to achieve the impossibly high GDP growth. While foreign investment fueled the most solid part of the economy, net export, it's super easy to fudge the infrastructure investment numbers, for example pricing a 1 million yuan bridge at 100 million, contracted to a state owned construction firm, who subcontract the work for 100k, resulting in poorly built bridge while inflating the GDP contribution by a factor of 1000.
Who would’ve known leveraging excessive debt to fund unsustainable unproductive asset bubbles would lead to total economic collapse.
Australia is headed down the same path with our ponzi housing market.
Every lazy government in almost every country keeps making the same mistakes for short term personal gain.
I've been hearing about Australia's housing market headed for collapse for about thirty years. Glad I didn't listen to people spouting this nonsense.
@@regwatson2017ditto for china 😂
Ummm.... Do you realize that China can end the U.S economy if they decide to cash their USD bonds?
US had its own housing crisis so why didn't China learn?
Australias prices are caused by lack of supply compared to demand, whereas china has so much supply the market is crashing as there is no demand, it was done to keep people in work. conflating the 2 is ridiculous.
There’s no way people are just realizing that China is going through their own 2008 collapse crazy
In fairness the world had a lot on it's plate digging out of supply chain issues from the pandemic and inflation being an issue that was hard to ignore. But you know it's bad when propaganda can no longer paper over the problems.
Its more comparible to the Japanese collapse in the 1990s except Japan was already wealthy when its collapse happened.
It's different from Japan. Japan had to raise value of yen due to plaza accord. China is dropping the value of the yuan and flooding the world with cheap goods. It's basically trade war.
Unless xi and the ccp manage to pull a rabbit out of a hat, China is going down period.
@Jayross3800 - I do think that many people are just realising that China's economy is in a really bad shape. I have expected problems to surface for over 10 years now. That said, I don't think China is close to collapse at all, far from it. A dictatorship has so many ways to manage the situation that democracies simply don't have or would not even have considered using anyway because of the free press. China is very imbalanced but there is much left to develop (where returns are lower). they'll continue at a true 2-4 percent for many more years until the demographic situation forces them into recession. What the officially made up growth figures will be is anyones guess and irrelevant really.
China is Collapsing Vol. 2024
😁😁😁😁😄😄😄😄😄😄😄😄😄😃😃😃lol. The best answer here. Exactly. Next year, it will be Vol. 2025.
So true lol. Been seeing this since the covid pandemic youtuber bubble
You must’ve been asleep b/c by any metric, China collapsed around the time they unleashed Covid - trillions of dollars in real estate defaults, trillions more in local gov’t defaults as a result, & hundreds of billions of $ of industrial assets have fled China. & on top of the countless hundreds of millions of people stuck in poverty that China was already famous for
You would also do well to mention that they changed the definition of poverty, which also “rescued” millions from officially being defined as living in poverty.
There are a billion people in poverty..
Also forgot internment camps for slave labor and human part stealing.
Thank you! I said the same thing.
So many “researchers” use China’s numbers without question or looking deeper into what those numbers actually mean.
@@Lee-gc6ndfirst, we have different definition for poverty. nowadays almost every chinese people can feed themselves,drink clean water, 24 hour electric supply, and possess a smartphone to enjoy short video and anti us news ,and living wihtin high quality infrastructure even in a small village, besides they have nothing like vote, speech freedom,and they can not afford a car or big house in city. so ccp said no one still in poverty.
@@theCornerOfChina yes, China changes their definition of poverty when it suits them. Sure, other countries do similar stat fudging. But no one does it as massively as China, and that is massively dangerous for the Chinese people and the rest of the world
After 45yrs of continously break neck growth, the country demographic changes and family economical profile also changes significantly. Hence, existing model of endless economic growth path cannot be continued
It is good to have a realignment China new growth priorities. But any changes out of comfort zone will be painful for any human, even for prudential Chinese. Japan 30yrs of experience is a good case study for China, the key is how China can borrow Japan experience and create something that suit China
Can't. It can't because CHina will do what Xi says. He is one man that has the power. It never ends good for countries.
Besides, it was not him who was responsible for tremendous growth, it was someone else
@@Shineinpoverty 中国要转型是要经历一些痛苦的 中国不像美国人可以去杀印第安人，去掠夺他们的资源 中国还要每天担心美国统治全球的野心
I only have anecdotal information about various relatives of my Chinese friends who live in Shanghai, Beijing and Shenzen, and they have seen their respective real estate property values plunge tremendously. At least one of them was preparing to sell a large home they have in a high-rise tower, but the real estate market is in crisis and they are no longer considering selling it.
As it should. They are deliberately deflating their real estate market in a controlled fashion to avoid their version of the Great Recession. Whatever is happening in China doesn't compare to the 2008 Great Recession.
I have friends in China.. chinese people 40-50 yrs age group.... they played the lets get rich like americans game, spurred on by the chinese govt programs and local officials..... now they are shitting their pants and their wealth is diminishing fastttttt and they are scared to talk about it. They have secret meetings where they talk and vent their frustrations... They are terrified of the CCP.
The same has happened in Lanzhou. Realestate has come down however but peo0le are not buying either. People have lost jobs. Even population growth has stalled. Not good for China.
@@anthonywilson38and all this Economy crisis is thanks to Russia 😢
@@anthonywilson38population growth has more than stalled.. part of the reason for the chinese miracle is the fact that the fertility rate crashed decades ago. It's called the demographic dividend
Only thing you’re missing on the thumbnail “in 22 days”.
😂😂
Garbage report: garbage in, garbage out. 😂 it is for the dumbs out there, the smart ones know what is going on.
Complex analysis, Thanks for posting this video.
Whenever I see an absolute value such as X billions lost value without any mention of percentage, I immediately start to suspect that it is meant to sound worse than it really is.
In this case you can assume that it is worse than it sounds. That said, I agree that there are numerous ways in which data can be spun. Imagine a crash in the Dow today of 100 points, it's a daily fluctuation, back in the late twenties it would have been a major crash.
Including this video too😂
So are the words "real reason", "how big", "what you don't know", etc.
Think about it, china been on the rise since 80s and usa cant handle competition. Its propaganda, they say its been in decline for years. Dont you think it would be declined by now??
enforcing communism is a suicidal acts against free market or capitalism!
U can only hide dirt for so long under the rug until it becomes too obvious. The nature of hiding the truth really comes out in the most inconvenient way.
Exactly there’s too much dirt(corruption/slavelabor) China has been hiding for years this could almost be predicted after Covid
He forgot to mention that Evergrande that borrow excessive debt despite in huge profit property business is a private company, the state owned property companies are relatively unscathed because they don't borrow so much
That is capitalism greed for you, a private company that borrow so much despite huge profit because he wants more
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset
@@belljoe it a loss for the ones who were already in the business since they lose most of their investments and money. its a good timing for the ones who are barely starting since they can buy stocks when they are cheap without losing that much money. they just need to wait until the business goes back up before cashing in.
Meanwhile 34 American CEO visit Beijing for the China Development Forum 2024, and Apple opened it's second-largest store globally in Shanghai, oh well.....
Absolute nonsense. China is already the largest creditor and largest Real Economy in the world.
Whereas USA is bankrupt, the largest debtor nation in the world. Janet Yellen was going around begging for loans to no avail.
What crap is this???
How is the US and EU economy doing - any better? What about the Russian economy? And how does the debt of China compare to the US debt ?
Oh the US is fucked too, they’re rolling out the money printer so they can pay their debt payments right now.
More than 20 years and still harping the same tune.
I see more youtubers saying collapse, yet each time with a different prediction of when it will happen
It’s clearly just propaganda against China. Deep down Americans fear China. And to denigrate them is the only way Americans can feel better about their own woeful situation.
It's as if they're autonomous individuals with their own opinions right?
@@cc23001 it's to make sure the Chinese bots remain irritated as always.
The point is COLLAPSE.. formulate a personal plan.. Food Fuel Firearms in that order...
@@pipipupu5104 And there is always a butthurt pipi in the comment section who cannot digest any comments which contradict their dream of seeing a China collapse.
Deflation is not the problem.
The crash of an astronomical housing bubble, unrivaled by anything from history, has popped.
People have not stopped consuming because they are saving.
That would be positive news.
People have stopped consuming because they are servicing their loans.
The housing market is gone.
Second hand prices has reduced by more than 90%.
We are talking about a housing market, able to populate more than 400 million households, owned by 100 million middle class households or worse.
It is illegal in China to default on your loans.
There is no way for your average person to go bankrupt.
So the middle class of China is paying of their loans instead of consuming.
while losing the jobs that they need to pay those loans. It's a death spiral.
What you described is called balance sheet recession and is the same thing that Japan went through. The issue with balance sheet recession is that it causes deflation. Deflation makes it impossible for a country to recover as its a self-enforcing cycle. Chinese are in for a difficult time.
Then why do chinese banks have no money?
The bubble already popped. The government is stepping in to stabilize (but not allowing it to go up). All because Xi says housing is to live in. Going forward housing and stock will no longer be a driver of growth for China. All growth will come from manufacturing.
Where is the data that property values have dropped 90%? This sounds completely made up along with your statement about being illegal to default
The US government has accumulated a huge amount of debt as well. Similarly, Japan has been struggling with its public debts and intractable deflation.
Yeah but for the USA, we literally own the money printing press. And as long as the US administration pays the interest rate on it’s loans, the situation is hardly dramatic. And remember, most other countries’ debt is in USD. And USD is the standard for most big finance transactions, like the oil industry etc. The trillions dollar debt of the US should certainly not lead to complacency, but if the billionaires paid their fair share, the US could quickly start balancing their books. As long as moron MAGA vote for Trump, that won’t happen though.
They can pay the debt😊 that's the difference 😊
US can "pay", how about Japan ?@@malcolmbirkett1347
Do your facts come from a cereal box? US cannot and will not repay their debts@@malcolmbirkett1347
The US GDP to debt ratio is not actually that bad. Debt added vs growth added sits at around 120% YTY. Which isn't perfect but is far from the serious problem so many think it is (mostly whoever is the political opposition party at the time, and notice as soon as they get into power suddenly they stop talking about it).
Further, US Market cap sits comfortably at 51 trillion which massively outstrips the roughly 34 trillion in debt. But the real way that accountants and debtors view the rconomy is in TOTAL debt, including private, versus TOTAL production including all finished products and capital in an economy.
When we do that, we see just how titan the US is, and how healthy it is.
Total economic value of $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).
Truly colossal economy. By comparison, I don't have numbers I trust on China's economy... but by ALL accounts, far smaller and far more lopsided. It's what happens when you try to rapidly industrialize, educate, but also oppress, over a billion people for so long.
Don't worry. China is all good. They have so much population and they can sustain themselves Just domestically.
GDP can be very misleading. Especially when countries are obsessed with hitting a number and “cook the books” in order to prop it up.
When looking at investment, I’m sure there is a massive amount of unaccounted government spending that has been hidden.
One does not build an entire nations infrastructure in 20 years without it.
They don't tell the truth 😊 that's because they are communist 😊
GDP is only a good indicator when it reflects well on your favored political party. Any other time, it's an incomprehensible figure you're just not educated enough to understand. I learned this from Facebook.
only when it s controllable, not from some bragging@@orionred2489
China is facing issues at 5.2% growth but usa is robust growth at 1.9% 😂😂😂 sure kid
@@zacksmith5644 oh goodness Zach… if you think their growth numbers are reflective of their current performance, you are sadly mistaken.
There are several under-lying issues that will not only stagnate China (very similar to what Japan experienced in the early 90’s,) but most likely far worse.
China has been collapsing for over half a century in western propaganda 😂😂. Anything new? I remembered when I first came to America for school the professor told us the same things,the industry gonna collapse because of counterfeiters . The movie industry gonna collapse because of copyrights …. More than 20 years passed by. 😂😂. I laughed 😅
I'd like to know the true wealth of countries ajusted for debt. This would be a far more honest view of "wealth" or size of an economy.
Most bug economies have debt to gdp around 75 to 120 percent. But sovereign debt is a lot different than household debt, because countries have so much more leverage than an individual. A better but more complicated Stat is your return on that debt, ie are you taking out loans to expand your economy well or taking out loans to cover the last loan
Imagine using the USA in your honest view.
@@jaimhaas5170it would be doing incredibly well actually. There is a website that tracks all US debt and assets and you can see the stat for assets growing SIGNIFICANTLY faster than debt meaning that the longer the US exists in its current state the smaller the debt proportional to its economy.
Can you do one on the USA's state of the economy? I would love to hear what your thoughts are.
美国经济很危险，34万亿债务，中东被伊朗打的破烂不堪😂
The US’s stock is all time high.. unemployment rate is still low..inflation is still high, but kinda under control..so don’t think much to talk about
USA is showing economic growth of a emerging country in their prime.
Its simply impossible.
Agree . . . China's infrastructure more better than USA. This writter should focus on USA's subway, homeless, inflation, bad infrastructures, criminal rate, etc. This video is bias and unfair
@@MrK-js3it US inflation is kinda great when we compare to the people south of them but for the US its pretty much a kinda bad situation xd
How about the rest of the countries which have lower GDP growth rate?
Curious if you think that recent rally in Tech is due to large investors moving what they DID have in Chinese equities back into US markets.
One of their issues results from wanting the benefits of the "free market" with the control of their political system which results in - internal corruption, business which should have failed being allowed to continue and covering up any bad news. Like a person who starts lying to hide things, it can get way out of control....
Spot on. It's way worse than that. This is a country where local officials will paint fields green so they look productive for the satelllite images that the CCP is going to see later. Everything is based on lies and deception and telling people what they want to hear.
You say this as if political corruption isn't absolutely rife in our countries too...
@@ChattyCinnamon Sure it happens in the west. Just it’s much more control in China
@@ChattyCinnamon There's levels to corruption.
democracy do not tell me how many babies I am allowed. or I have to pay mortgage for an invisible condo.
China is ranked second highest country holds US foreign treasury after Japan. Every country has its challenges, good or bad, the leader of the country will need to figure out what to do. China is like US, US has gone through recessions but US survived. Remember the times that everyone was buying multiple houses in the US? If China economy collapsed, it will impact globally. We all should be worried! Let’s pray!
You are aware that we live in a Debt based system, all growth is Debt based. It depends on who creates the debt as to whether it is a real problem for the economy.
The real estate boom was a feature, not a bug. They overshot the mark and didn't diversify.
This rumours has been going on for more than 30 years !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And they are going to continue. it makes for good propaganda for westerners.
This video is just a distraction from how USA economy is crippling economy 😂
In purchasing power the Chinese economy is already 1.7 times larger than the US. GDP in ppp is more accurate. There is no need to keep on comparing GDP in USD when you do not trade in USD as China does.
I have been hearing this since 2000, they manage well it seems
no no i chinaman and sum ting wong
These videos have been around for years and still no collapse… but great video mate
I heard about Evergrande crushing for a fairly long time. Well, it did eventually.
I wonder if China follows the path, but also slowly.
@hamish may be helpful if u can do a vid comparing US n China's debt ?
Easy
Usa is under chinese debt
Time to make a follow up video on Chinese real estate market...just a request... thanks
Welcome to the party. Watch China Update with Tony and he gives economic and socio/political analysis.
Don't worry, BRICS can save the Chinese economy. Right?
RIGHT?!
South Africa to the rescue! Once they find the light switch....
😂😂😂😂😂 brics is under china
Usa is under chinese loans
Oooooh u must ve known it right
RIGHT ?
@@gravityissues5210 agreed
China is facing issues at 5.2% growth but usa is robust growth at 1.9% 😂😂😂 sure kid
Very informative thanks, 👍
Another Naysayers of the West
Great job on this
great job on CIA propaganda
How come youtube knows the answers to everything including the future but the rest of the world does not? 😮
He watched CNBC.
LOL
@@MetaView7 is that the secret 😅
I always take what Aussies report about China as Biased
America is gradually moving away from trade with China. Vietnam and South Korea. And the Philippines. You can see the labels on the things we buy. Of course we trade with Japan.
yes they are all proxies for made in ChinaYou know nothing potatohead. just like 'indian oil' - but really its russian.
Was your research conducted in english only?
This is a great point! Most likely research was U.S articles created to manipulate markets, etc.
why you thing some ting wong?
After all, the U S has recovered from the 2008 financial meltdown starting with the sub-prime mortgage crisis which was also related to real estate sector. Similarly, China, too, will certainly recover sooner than later from its present economic crisis!
Why was GDP in power parity never taken seriously ?
Especially since GDP in PPP is better than nominal GDP for comparing the economies of different countries.
Do you just rely on Bloomberg or Reuter for your analysis? I think you will need to look at both side of coin. There are countries with much worse debt problem than China. US and Japan. US has a debt level well exceed 320-350% of its GDP, Japan well above 420% of its GDP. But with Asian nations we also know that their citizens are also savers, their saving ration is about two or three times that of the US which is around 45% of their GDP when most American cant even don't even have a week of their wages in their savings. When you said the real estate sector contribute 30% of GDP that is actually incorrect. The real estate and building construction contribute to GDP is 14% . Not allowing EverGrand like companies getting easy access to credit from Chinese Bank is actually the correct policy in minimize the bubble they can create, it makes economic sense to do that and also protecting the banking sector.
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hard landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
....
Yet it's already 2023 and China's economy is still going strong.
China economy collapse more than 25 years now, but nothing... Why???
😂😂😂😂
@peter, What u want to happen??? become to Africa? Do you have brain? We could be a loser but we still have a brain and two hands
At 14:05, you quoted Bloomberg saying China’s deflationary pressure are the worst in a 14 year period .. however u didn’t mention that quantum of the deflation, which was under 1% for a 3 month period . You also didn’t mention that CPI improved in January by 0.2%.
Finally, you didn’t bother to mention that almost the decline in CPI in 4q 23 was because of a fall in pork prices ..!
Who cares😊
@@malcolmbirkett1347
Well certainly not those who are already biased against China..😊
@@malcolmbirkett1347 🤣🤣🤣🤣🤣 u are such a joke pumpkin .
Free market ? Usa has repeatedly violated free market . Sanctions , unilateral sabotage of china.
Cmon don't peddle free market bs anymore
Usa europe only use free market when they can manipulate it .
When china came into power now both europe and usa are crying and sanctioning to stop China
Free market is chinese market
National Deficit spending is not bad if the spending is direct towards pertinent infrastructures and human capital investments
Is the US economy any better than China? What is the current US’s national debt?
Much better. Certainly low unemployment numbers and low inflation percentages. Housing is still key.
33 trillion
are you joking?
say it ain't so Joe...Are u a supporter of communist China? or a russian troll ? cause only them begin with Whataboutism and Bothsideism
Why don't you make a video about the US economy. It's more dire than China's.
cause truth hurts
because it’s not even close. China has a demographic crisis. US doesn’t. at least not yet
@@ShaunPatterson 1. Do you even realize how big china’s population is ? It’s 1.4 billion. 2. So as long as there is some certain type of crisis, China is gonna do nothing about it ?
Let’s list some crisis in the US, border crisis, drug crisis, health care crisis, homelessness crisis, gun control crisis, gender crisis, government credibility crisis, and all these are unsolvable issues in the US, fortunately, China has none of them
I appreciate your hard work on this, subscribed
China faces a real estate bubblocalypse. Consider the ratio of the value of its housing market to its GDP. According to Statista, the total value of China's housing market is about $135 trillion. As for GDP, China recently CLAIMED it was $17.7 trillion. Dividing 135 by 17.7 gives a ratio of about 760%. In the US, the ratio is 148%. Moreover, China's true GDP is not $17.7. Its true GDP appears to be somewhere in the neighborhood of $7 trillion. Using that GDP number, China's ratio comes to more than 1,900%, which is almost 13 times higher than the US ratio -- and that's despite the US itself being in a bit of real estate bubble.
Commercial property loans are going to be a nightmare
I live here and it is alarming how quickly attitude here has gone from China is unstoppable to China is doomed. I’m genuinely shocked how quickly it has happened. People here have become so pessimistic.
It's because of the CCP. A more free China where the Chinese people's ideas and potential was unlocked, instead of oppressed and controlled, would not be doomed. Yes, there would be challenges such as unfavorable demographics, but many countries are facing that challenge and doing better than China. China will never thrive long term under the CCP.
Sure, your words make sense, but here's my question: Have we really escaped from colonialism, or are we still trapped in its clutches? Do you think it's because the United States and their European Union allies haven't yet controlled the market and manipulated the financial system enough to dominate a significant portion of the world's population? But do you really believe that we are beyond colonialism, perhaps not in the same way, but still stuck within the confines of a system that keeps us ensnared?🙄🙄 So, for your sake, let me give you a heads-up from my side. Step out of spreading this kind of twisted news that confuses people. Of course, I'll also mention that every country has its own selfish foreign policy, determining who they work with and showing less interest in collaborating with others. It's their exclusive affair. Here, if you dare to offer advice or suggest cultural assimilation or share New Age advice with anyone else, it functions like a virus. So, let me tell you, firstly, clean up the mess you have in your own backyard, and then come to offer advice to others.
China will be fine. I believe in about 15 years from now, China will be leading in most fields, science, tech, education, engineering, ...
他們付給你的錢好嗎？
@@SILLY_BILLY_777 好啊。人民币，很香！
That is your opinion. Data doesn’t show that.
@@fm-9129 on line search "China leading US in technology race in all but a few fields, think-tank finds"
@@fm-9129 now China is leading in 37 of 44 technologies tracked...
Not mentioned but very important is that they have passed espionage laws that are vague, and basically any foreigner can be arrested at any time for any reason for espionage. China has a 99% conviction rate, and is basically lawless, where foreigners have no legas recourse. So if you are a foreigner, it is time to leave. No foreign companies want to invest in China with this climate. All new western factories are being built else where.
Yup. One big red prison camp.
We should have never entered a Communist Country
All white stop retiring in asia go retire in your own country
Housing debt is local in china, its not 2008, housing is not the biggestsectors in china, they are readjusting and will do just fine the next decade, their growing high tech sectors, green energy and reactor technology are world leading, its why the biggest investors and and banks are wanting in, if i had a dollar for every china collapse story the last 50 years 😂😂😂😂❤. You might want to worry a bit more about the dilapitated U.S culture and infrastructure .
There's also the possibility that since the number of births was so low in 2022 the CCP had to admit that the population shrank that year - it was probably already doing so since 2020 to the tune of up 100M people who don't exist.
At 12:55 you say that a third of LGFVs were unprofitable, but the text on screen says that they did not generate a posit cash flow. Those are entirely different things. A company can lose cash while turning a large profit or be cash positive when operating a loss.
Another clarification, at 16:06 you state that deflation is "worse than inflation". That is not necessarily true, although it is correct for the case of China. Deflation is a bad sign, when it is a consequence of lower purchasing power, and it leads to the negative feedback loop you described. Deflation can however be a good sign. In the late 19th century, the US experienced one of the greatest leaps in purchasing power and standards of living ever recorded. That was a time marked by deflation. The money supply was dependent on gold production, while productivity was skyrocketing, which led to deflation.
Not trying to be pedantic here, just adding my 2 cents. Great video.
90% of Cinese construction in the last twenty years has little value as the materials and project management are sub- standard. Millions of mortgage holders have lost their life savings.
It's good that the beginning of the video illustrates the channel's ignorance of China.
the confidence on government is the most important factor.
that sounds very chinese/chinglish lol sounds like sum ting wong
Have talked like this for 40 years.
For 40 years you have been repeating that. The truth chinas industrial power is bigger than G7 combine .and ny gdp PPP is bigger than usa japan and Germany.
Who builds Housing Units, brand new, and destroys them for a lack of money ?! Chinese are NOT like this? This was nuts !
Cash in the China's is risky, all the big banks are state owned, it is difficult to make withdrawal.
lol
What was mentioned enough was the fact that the wild spread corruption under the previous two leaders were devastating to the economy of China. China Everglades Group was the guilty of bribing bankers and officials in trillions. President Xi was the most brave and wise leader that has been crushing corruption since his ruling of a country in danger of losing control of the rampant corruption that had been the worst ever in the long history of the country. Jiang was the most corrupt leader of China and Hu was a weak leader who was always under the influence of Jiang during his decade long tenure. This is a fact known to almost all Chinese.
Most people write timetamps as TIME, then description:
00:00 INTRO
01:16 45 YEARS OF GROWTH
04:17 STATE OWNED ENTERPRIS
05:05 CRISIS AFTER CRISIS
10:29 HIDDEN DEBT CRISIS
13:47 HIDDEN DEBT CRISIS
I don't think it matters.
It's actually better his way, you should have a wee think why before being a Karen
It's actually better his way, you should have a wee think why before being a Karen
It's actually better his way, you should have a wee think why before being a Karen
It's actually better his way, you should have a wee think why before being a Karen
Regarding the poverty numbers in China: The Chinese threshold for poverty has been lowered more and more over the years, contrary to inflation, making it appear as if they were highly successful in reducing poverty.
Look at the Homeless issues in US and Canada and UK. Go check out China on Homelessness. The Chinese government address such issues but government in the West do not bother.
Can you provide a source on this? Doesn’t sound right
That’s completely incorrect.
@@jackb616 He's 100% correct. Watch a few interviews with Michael Pettis for a deep dive into China. He's utterly brilliant.
All the best.
If you have 1 pork chops you are not poor😊
Wait, if debt is the reason China is having financial drama, why is it working so well for the US?
Because America does not rely on anything domestically. There is a constant exploitation of underdeveloped countries. The global economy runs through america and Americas currency. The dollar never loses its value since every other country conforms to its demand.
Isso que você disse é científico? Você não sente nojo de afirmar essa posição aos Estados Unidos ?
lol some ting wong you head
What platform was used for the analysis at 11:21?
Appreciate for your research for this video, but suggest you better to do a trip to China before you make any conclusion. By talking to local people, you know another side of the story.
The whole “pulled out of poverty” is assuming poverty is less than $300 a year in income.
Bro please read about USA as well. The debt to gdp ratio of more than 120% percent should not go unnoticed and a deeper analysis like you did for China in this video is also highly warranted for USA.
The US is a much wealthier country with a national income per capita more than 5 times that of China. If you're wealthier, you can afford to handle more debt. Not saying that the US shouldn't be worried about its debt, but it's not nearly the danger that a lot of the fear mongering suggests it is.
It's different when the USD is TRUSTED as the world's reserve currency. India had an issue with Russia where they had too much rupees - and it slowed down the purchase of it.
your government tells you how many babies you are allow. do you pay mortgages on invisible properties.
Hey heard that US economy is headed for a hard landing. All the best guys with all the de dollarisation going on in the world.
There’s no economy which’s in crisis that has a 5% gdp growth rate. Please study more before making video 😂
thanks for the effort ! please share your understanding of how this can influence Australia
“Research” hahahhahahahhahahahahahaha
Thank you !
your research is old news. you are too late. where have you been?
3 years late
You said deflation is worse than inflation. For who? I would say deflation punishes irresponsible people/businesses while inflation punishes responsible people/businesses, but that is what it seems like our government prefers to do.
Thank you for making this video.
What I'd like to know is how will this affect the rest of the world, and the US in particular.
You say that state owned banks in China keep on printing money to lend to state owned enterprises and is inflationary. Yet in the first few minutes of your video you mentioned that there is deflation in China. How is that?
10X Finance ripped off your content, verbatim, on this video. Thanks for the report.
In Australia, developers use a similar model named "Off-the-plan apartments / townhouses / projects"
But in China you will have to pay loan even before the off plan is built.Crazy
It's nowhere near the same model.
Xi, the bad omen.
Here in India, we have the same model. It is called "pre-launch" offer.
@@MrPrince750 Similiar in Cansda , but we call it ... phased personal bankruptcy.
HOW MANY FKING TIME DO YOU WESTERN MEDIA WANT TO SAY CHINA COLLAPSE. LIKE I HEARD THIS FROM 20 YEAR AGO
Lol hahahahahaha. Exactly. 10 years or more. This guy has about 3 years since RUclips pushes him to me. So, They will keep doing it for sure.
Very informational 🙏
Worry about your own country 1st! Is getting from bad to worst!
He's from Australia or New Zealand. Both are doing fine
bot
CCP is number 1 😂😂😂
kow kwee chuhg ling tong ...sum ting wong
The situation is well manageable. The country is still having the most billionaire's in the world. Making big profits is not about short-term visions but the long-term patience.
Thank you. Very well done.
Collapse collapse collapse. All you youtubers are the same. And everyday I wake up and there they are still there.
I've always suspected China is cooking the books to achieve the impossibly high GDP growth. While foreign investment fueled the most solid part of the economy, net export, it's super easy to fudge the infrastructure investment numbers, for example pricing a 1 million yuan bridge at 100 million, contracted to a state owned construction firm, who subcontract the work for 100k, resulting in poorly built bridge while inflating the GDP contribution by a factor of 1000.
CCP are full of crooks.
They did cook the book. Their electric consumption is twice US but their GDP is smaller. Their industrial power usage in particular is 5X US.
propagandist reading off of propaganda articles😂
Ha ha ha. What rubbish US or China is collapsing? Another Gordon Chang?
First!!!
second that
Threes company? 😂
BS... 🤣
BS media distortion kkkkk yeah yeah yeah keep BS
What is this shit propoganda