China's Economy is in Bad Shape
HTML-код
- Опубликовано: 30 май 2024
- In this episode we take a look at the many problems facing China's economy. How did the country end up in this position and what does it mean for the rest of the world?
-- About ColdFusion --
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.
» ColdFusion Discord: / discord
» Twitter | @ColdFusion_TV
» Instagram | coldfusiontv
» Facebook | / coldfusioncollective
» Podcast I Co-host: / @throughtheweb
» Podcast Version of Videos: open.spotify.com/show/3dj6YGj...
podcasts.apple.com/us/podcast...
ColdFusion Music Channel: / @coldfusionmusic
ColdFusion Merch:
INTERNATIONAL: store.coldfusioncollective.com/
AUSTRALIA: shop.coldfusioncollective.com/
If you enjoy my content, please consider subscribing!
I'm also on Patreon: / coldfusion_tv
Bitcoin address: 13SjyCXPB9o3iN4LitYQ2wYKeqYTShPub8
Burn Water Music Channel: / @coldfusionmusic
//Soundtrack//
Dan Farley - Lorica
Burn Water - The Passage of Time
All Parts Equal - Airae
City Phases - John Abbot
Illusion Of Time - Daniel Avery
Blink - House of Hum
Aphex Twin - #3
Giyo - Are the Animals Gone
Luis Miehlich - I Tried To Reach Out (with Handbook of Magic)
Burn Water - Soul Candy
Sources:
• www.nytimes.com/2022/07/19/wo...
• www.cnbc.com/2014/09/07/china...
• www.bloomberg.com/news/featur...
• www.bloomberg.com/news/featur...
• en.wikipedia.org/wiki/Chinese...
• en.wikipedia.org/wiki/Propert...
• • Evergrande: the end of...
• theconversation.com/china-pro...
• www.china-briefing.com/news/e...
• www.bloomberg.com/news/articl...
• www.cnbc.com/2022/08/22/china...
• • China Has A Debt Probl...
• eurasiantimes.com/a-whopping-...
• www.business-standard.com/art...
• • China's International ...
• www.ft.com/content/eb2d89f6-a...
• www.bloomberg.com/news/featur...
• time.com/6182781/china-zero-c...
• www.thebalance.com/how-would-...
• www.grid.news/story/global/20...
• www.bloomberg.com/news/articl...
• www.theguardian.com/world/202...
• • China’s Slacker Youths...
• www.nytimes.com/2022/08/04/bu...
• • China's Catastrophic O...
• www.bloomberg.com/news/articl...
• www.nytimes.com/2016/12/26/bu...
• www.theguardian.com/global-de...
• www.grid.news/story/global/20...
• www.atlanticcouncil.org/blogs....
• www.barrons.com/articles/chin...
• www.thebalance.com/how-would-...
» Music I produce | burnwater.bandcamp.com or
» / burnwater 
Наука
I love this channel so much. It’s like; “yeah the world is falling apart around you, but let me describe it in my calming voice with some chill beats in the background and totally chill you out.”
This World Was Always Falling Apart.
lmao it's not falling apart, we've bounced back from far worse
LOL.. but I got to spend $500 more on gasoline this year!! ... horrible, this must be the end of the World! Record low Unemployment is just fake news!! /s
China's economic death is a blessing. Nothing is falling apart, communism always fails and will never work.
Rather have that than panic.
I'm glad you didn't go with 99% of RUclipsr's "China's economy will collapse in x days" attention grabbing headlines. So many well known ones did this, the deadline past and the country is still there. China is definitely in a bad place, like most of the world, but the collapsing in x days headlines are just clickbait
For what it’s worth I’ve seen these thumbnails as well
@@JizzSock_ UK & Germany
@@JizzSock_ Graham Stephan, Andrei Jikh, New Money, Proactive Thinker. Bear in mind the first and third ones have since changed their titles, but the video content still implies it will collapse in a month o so (they said, last month 😅). They can say this stuff with zero loss of credibility when it doesn't actually happen.
yea it's silly it's just the boom bust cycle all capitalist economies find themselves in
Yes Hate China in more subtle way. It is what youtube promote nowadays.. As long as you hate China you will be put in recommended
Everytime an organization, establishment and people in general gets obliterated, the troublemakers gets compensated with a freebie in rewards, offers to the tune of millions.
Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bullrun, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?
It all depends on how long you're willing to hold for and your strategies, stocks might likely tank further, but making serious gains in this downtrend shouldn't be a problem if you're a pro
@@patran567 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?
@@patran567 Nice one, I typed her full name on my browser out of engrossment and thankfully, I came across her page, she looks impeccable.
the ones on the scheme all cover each other's asses , and we down here, pay for their negligence is criminality,
4:19 I was one of the architects who worked on the Evergrande artificial island theme park in this video. Evergrande was inspired by the palm islands in Dubai and created a cluster of islands in the shape of a flower. The petals of the flower formed the districts, some for hotels, some for museums, amusement parks etc. I was on the team that designed one of those “flower petals”into mock villages shown here. It’s filled with imitations of various architectural styles from around the world. It was such a ridiculous experience because we all knew this was a huge waste of time and tacky af, but at least they paid back then. Now seeing it like an abandoned ghost town is truly chilling
Pre-sales are a wild concept and I feel horrible for the people who bought into it trusting that their home would be built only to be shafted with nothing.
Theoretically, it's still got more value than NFTs and Cryptocurrency which is valueless if you think about it.
True, and that's why people shouldn't buy games before they were published.
The modern economy works on that brother.
@Vic S crypto 😂🤣 I'll take gold they can have the crypto
I would call it Ponzi Scheme with Chinese Characteristics.
Love the concluding remarks. We are always blinded by our hatred for some of these governments, forgetting about the very makeup of these nations, the people.
speak for yourself. The only govt worth hating is the one that caused 1 million lives to be lost in the middle east, now salivating over the prospect of another world war.
And the ordinary Chinese who lose all their money just like you or me, if we lost our money, wed be angry and want to get our money back, they are no different to anyone else, it’s the government that stinks not the people
@@snuggles03 Chinese gov : lead best 40 years of economic growth in history.. 90% plus of approval rating. Toby: China gov is bad for Chinese because Toby is smart. Toby knows everything. Toby thinks every gov stinks like Toby country gov,
@@falsch4761 huh?
@@snuggles03 spot on.
In a time of universal deceit - telling the truth is a revolutionary act.
George Orwell!!
They want to lock you up for it.
Put this channel on when I come home from work. Super relaxing and informative.
"The world is in shambles" - so relaxing :)
"It's never nice to see innocent people suffer". That last bit really touched my heart. Well said Dagogo 👍🏾
WOW SIR VERY DANGEROUS !!😠😠 BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗
The Chinese citizens are the richest people in the world, so who are suffering?
@@glenwjohnson809 They are....not
@@bhargavshatrughna489 who they?
@@glenwjohnson809 if you talking the coe of alibaba then yeah, but look at the middle class and below it is not pretty and those are the majority of the population
the worst part about this is how the public have to take the fall for this, and the leaders and upper classes who caused this, won't face anything
Idk there's a reason why rich Chinese move the money to America haha. It's hard for the rich to fall in America where everything is made to protect the elite in China u would have to in the party and High ranking to get that protection being rich is not enough to be untouchable .
In China the rich are the only people buying houses. I had a really quite coworker in China. Turns out he was rich and bought 2 u finished homes. I hope he gets them but in China it's like 2 different worlds. There's a world where u ate poor a d everything is cheat and in arms which and u don't have to ask or think about nothing outside the community then there is the super rich. In which u could never imagine. Chinse People in your generation will never own anything..I could literally pay every coworker a part of my salary and give them more than. WHT they are making and still live happy
Your point ?
China may or may not care much about the unhappy masses.
But they are certainly careful to keep their soldiers well-fed and their police well-paid.
Well if they used common sense they would never b in this position. Its simple as asking yourself a question, how can someone put a market value into a building/property that hasnt even been built yet ? Lol. It makes 0 sense to me why someone would give money before the property is there. Yes i get its to start paying it off early but it sounds so risky & you're guaranteed to get nothing in return until "the project is finished" yea screw that it sounds like a complete scam. In the west the only reason i would want to buy a house is to rent it & have a homeowner pay my mortgage. So this type of investment would b completely out of my category this is definitely a scam & people should've put it together by using common sense. Sucks but you can only blame the people just as much, its obviously a risky investment that should be considered, I guess these people are really brainwashed lol .
@@komlat253 the politically connected in China have far more protection than the rich in the US. You are right that being rich in China doesn’t mean as much - it’s all about party loyalty and connections. It just works different than in the west.
Watching this after literally watching 3 Major U.S. banks collapse in 72hrs
P.S.: Love ColdFusion... I'm expecting a video coming soon on this 'SVB' and 'Signature,' but it seems we're not done just yet.
@@komit66FYI these "free high quality knowledge channel" are all backed by NGOs with hidden origin. If someone needs to push an agenda, they only need to send an email and paycheck.
The whole world had erred in to espouse globalization. Especially, had made China the factory of the world and brought about its rise. Thus, induced chaotic economics of this present day.
Those banks had skewed investors and investments. They don't seem representative of regular banking vehicles. 😮😮
It’s heartbreaking seeing what is happening to the people of China with the lockdowns and economic slowdown. My heart goes out to the moms and dads just trying to get enough food and basic necessities for their families.
The Chinese people have just been repeatedly let down by their government. As a peaceful democracy, they already would be a global super power, but China is incredibly handicapped by the many, many problems of having a dictatorship.
The PLA needs to Free it's people Liberate them from CCP?
@@bumbum4592 Yes. The Chinese government needs to crash
at least moms and dads can still be with their children, compare to million of moms and dads in America who perished due to covid.
TheyStill not coming out to protest CCP
Paying a mortgage on a house that doesn't even exist yet is crazy...
Bruh crazy or insane, I see these exact people here in London living off mommy and daddy money from China hahaha
And that too living on 70 years lease
Well, I was proposed something similar but for buying a car.. Because of supply chain issue, I'm supposed to start paying for my new car now.
@@kyrilluk don't
Also this story sounds like the 2008 economic crash again but this time in China.
I met a Chinese engineer in a WeWork co-working space in San Jose, USA in 2019. His family owns 50 apartments and all are empty/locked. Said they are investment properties and also mentioned about need to own to get married. I knew back then something is NOT right.
They don't care about genuine love you know, their marriage is seen as transactional or to unite their wealth. Their culture is very different to the west.
I had a mate in Oz who boasted of owning 200 properties in China. Let's hope he was not too highly geared!
I know a chinese guy who works with me at McDonald and he told me that he owned 1000 units in china.
wouldn’t it make sense for those people to rent out said apartments and have income income for those apartments?
@@richbaker4544 I know beggar in California that own 10000 units in CHina
Love this channel ! The videos are so well produced. Love the music choice and specially the content that always seems to cover multiple points of view. You must spend so much time in research.
Keep up the great work Dagogo!
And filled with advertisements! Woohaaa🎉🎉🎉
New subscriber here.. i mean I'm sorry for being late to the party but I'm glad to have stumbled on this channel. Now I've been binged watching for hours and I can't seem to stop.
I love the calm narration and the well researched topics. Well, I have always loved the Aussie accent anyway. Keep em videos coming.
Now back to China, yeah, my first thought went to the people and how they must be doing right now. I hope the Chinese govt will think of its people instead of saving face. Since cat's out of the bag anyway, please do something. NOW! 🙏
Being in the UK & watching the dire straits of my own country, as well as a human feeling for those innocent members of the public in places like China... I REALLY appreciate your sentiment at the end. 🙌
Same here! The workers get run over everywhere 😔
WOW SIR VERY DANGEROUS !!😠😠 BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗
The UK 🇬🇧, was rich when China 🇨🇳 was very poor, now the UK is angry that China got richer than it, even India that the UK colonized is richer than it. 😆😅🤣😂
@@indiasuperclean6969 No need to lie in CAPITALS... It doesn't make it more truthful
@@dkmphotography_co_uk its obviously a troll comment.
I feel really bad for the 20-30 year olds in China who are just trying to get off the ground and stumble into a housing issues, a stale job market, a stuttering economy and massive debt issues. It must be absolutely crushing, knowing you did everything right only to find yourself without any opportunities. I hope it gets better.
Sounds like a slightly worse version of America right now... sigh.
@@EmperorRyker depends on which place you are talking about. America? It's declining rapidly and it's pretty bad.
China? Not sure, but based on all the news I have seen. Both sides of thr news are talking about how bad it is that's usually a bad sign.
@@xanmal7042 The global economy project is falling. Time to implement robots to replace the humans and call it game set and match.
@@xanmal7042 At least one can make adjustments in the U.S. for a better chance. For instance, one could move to a different state in the U.S. where there are better opportunities, but the Chinese cannot move to a different province.
@@xanmal7042 Yeah, these are big problems across the developed world in general
my favorite channel, thank you!
Can’t believe I just found this channel…I binge watched a couple of weekends ago while playing Soulstone Surviors
These aren't houses, only apartments. There's no land involved. And they're not buying them, only long-term leasing them for like 70 years. The land for the apartments is not owned by the developer, just leased for, again, like 70 years. The ghost towns hold the empty apartments that are next to the ones rioters have been rioting about.
- 3 red lines were supposed to be a yellow light "slow down" warning, but unexpectedly cut off developers when they needed it most.
- Projects in China aren't designed to create profit - they're designed to create employment. To get a loan in China, you don't show a business plan, you show an employment plan.
- BRI bubble is just as bad as the housing bubble, and those projects are largely uncompleted as well.
- Also unmentioned was Jack Ma's calls for political reform in China, and how their tech sector reacted to his punishment.
I agree with everything except the BRI comment. I do believe that those countries do indeed need all that infrastructure development
Their problems now are a consequence of issues that have been there since the beginning of Communism in China. While Deng Xiaoping opened up the country it was at the behest of the Central Committee that it did so. Even then, problems were already there, such as its reliance on the One Child Policy to stop its population growth, which coupled with lifestyle changes in China, has seen its fertility rate close to if not lower than most developed nations in the world. This brings me back to the Central Committee. They are infallible, as far as China is concerned. I mean, they are the regulator is they not. As far as construction is concerned, the writing was on the wall for over a decade before this, at least, yet China's government did nothing. Also, its place in the world has changed. Consider that in the decade circa the 1990s onwards, it was being powered forward by immense trade imbalances which favoured it. However, in the time since the Global Financial Crisis, its focus on high-value manufacturing to a lesser extent has seen its economy starting to stagnate for the first time in decades. That and coupled with the lack of political reform internally, has seen China amid financial scandals that its government has tried to distance itself from choosing, rather, to push the onus to lack of corporate discipline and corruption. If China wants to get serious about its current situation, it has to start looking from within and that the status quo, governmentally and regulatorily speaking, cannot exist anymore. My two cents.
@crassgop China is there to build. Market adjustment and planning is to be done by the home country. It's not China's problem. Sri Lanka is better off with a deep water port than without one, it just needs the right policies to attract business. The port is there, use it. You have to plan for 10+ years in the future
@@dxelson It's literally just a way relocate useless building projects that were previously domestic. The economy is propped up in part by the construction sector. China 'loans' another country by paying itself to build things, with expectation of 'repayment' from the recipient.
@@dxelson Sri Lankas chinese port is similar to white elephant projects like bridges to no where or airports in small towns. You can’t just build infrastructure when there is no business case. Sri Lanka economy is too small for such a big port. Sure a it is nice to have. If it were free. Instead, they got debt and a useless port.
20:05 Not only true for China, also true for Western Countries: More and more young ppl rather work the bare minimum to afford a simple, yet fulfilling life style without children instead of working 40 hours/week just to not be able to afford a car, a house and to feed a family.
And why should they care for government or society if government or society does not care for them?
Let it rot.
That's where I'm at. Why would I torture myself my entire life for the hope that I might have nice things some day? I'd rather be happy my entire life than miserable for most of it so that MAYBE I can have a good life later. I'll do enough to be financially comfortable but that's it.
It is exactly what I think as a person in his late 20s.
I'm 22 and I'm at two ends of this extreme. Half of me wants to work hard entrepreneurally and be financial abundant. The other half wants to be frugal and work as little as possible.
Agreed. Wages haven't kept with up inflation and the wealth gap between the rich and poor becomes evert so apparent. Why work your life away for someone else to buy their 5th house or 10th car.
@@Samir12357 yep I'm in that exact position
Your video editing skills are second to none. Great job. Great video.
I just discovered this channel OMG , this guy this channel is absolutely what I was looking for ,, you can’t believe it ,,, I am thrilled.
Good news
The amount of research and data collection goes into one of his video is astronomical. We are lucky to have him.
Just copy and paste from other videos.
@@dougpassat still takes a lot of time to do it
@@dougpassat my friend go and visit his channel, watch some videos and make your opinion.
Every year the Western media say that the Chinese economy is about to collapse, and it has been said for decades. But why every year it is said that China's economy is a serious threat to the West?
How does a China that crumbles every year threaten other countries? Which of the China Collapse Theory and China Threat Theory is true🤔🤔~
Can someone answer~
@@meetv7700 China's economy is not bad, China's inflation is very low 2.8 percent.
There is no real estate crisis in China.
Property development in China is NON STOP
The economic activities of all Chinese citizens are normal
This video is bulllllsh111tt
I really appreciated your last thought on always bearing in mind that it's mostly innocent citizens who suffer economic hardship no matter where it may occur. Very informative and well researched video.
@Zaydan Naufal wat
@Zaydan Naufal And Communist China is engaged in Ne0-Colonialism under the guise of the Belt and Road to nowhere. When these countries can't pay the debt trap high interest and principle back (default) the CCP demands payment in the form of a Port or Airport or a Copper mine or Oil/Gas field! No loony lefty ever criticises the CCP for this, only the past actions of the West are bad apparently.
Well at least Chinese people didn't vote for their government. Brits can't complain.
@Zaydan Naufal some people just haters. No rhyme or reason. Just ppl who like to hate.
Well, it definitely isn't the Chinese Government doing the suffering. As you can see, they look like they're doing quite will in their business suits, pretending that everything is okay.
Wow! A very informative and resourceful video. I must share this with many of my friends. This is Satindra in Canada
Where is the bank failures in China and why do they never hit the world news?
Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to maneuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere?
@@sheliaswelttk2535
@@tomjason2495
@@gabriellewilson5625
@@davidnewbury1721
The fact that people would pay monthly mortgages on a property that hadn't yet been built seems insane
I can relate to youth not bothering to work. I work so hard and still can’t afford a decent place to live.
Always the result of centralized government policies is bungled economic policy. There are no exceptions.
You live in a major metropolitan center don't you?
Love your content, very well researched and produced!
I went to china twice during my freshman year of high school (2015-2016). I remember seeing the massive scale & amounts of these buildings & didn’t even stop to think that they all might be vacant. They were really tall and packed very tightly together in almost every province I visited. Just the sheer prevalence of them automatically makes you believe people have to be living there. Looking back it’s really sad knowing people have put life earnings & generational wealth into these projects only to not be able to live there. It makes you sad as a traveler because it’s all about image in China. as long as the government can make the housing market appear successful, it doesn’t matter if millions of living spaces are sitting unused & decaying. Those spaces aren’t there to live in, only there so people can see they exist
Why would they not house people in buildings made to house people??? Imagine if a company would have gone the extra mile and actually made a building that was habitable? Their economy wouldn’t be crashing.
Glad you still use your High School knowledge to view China.
@@medeliworld thanks I try
@@medeliworld Would you like to educate me on the matter thank you
Lol this is guy classic example of deluded individual who thinks he understands everything about country from myopic view. My guy there problem isn't homelessness like that of Americans. There problem is too much speculative housing market which has made it unaffordable for some people. Only now the bubble has started to bust.
Pre Sales concept is very prevalent in India as well. And unsurprisingly also results in delayed delivery of houses or sometimes no delivery at all with buyers stuck paying Home EMIs, waiting for Legal solution.
India is no different that China when it comes to hegemony being wielded around like an absolute power. In China, it's the CCP doing it. In India, it's the corrupt municipal level administrators and middle-men doing it. At the end, it's the people who get fooled.
But there's one major difference between India and China in this regard. In India, the people have the option to demand better and more regulated services from the government and the private sector. But we chose not to. We chose to take the easy route of bribing those who ask for it just to reach our goal.
RERA rules dont allow developers to invest money earned through pre sales to be used in another project and delayed possession can result in heavy penalties for developer.
@@shubhamyeole5672 But do they follow it. We've rules alright. But who's following it. And who's ensuring that people are following it. That's the issue here in India. When the majority follow the rules in place, India will be soon become a trustworthy, developed country.
that is called down payment
@@reach2prasanna The problem isn't that the Indian citizens don't follow rules, rather the govt is too corrupt to enforce them.
Thank you you again . Wonderful production . Beautifully spoken . Great music .
Love your work, mate! You're compassionate, keen on justice and your sourcing is excellent. 👍👍
Biggest lesson of 2022: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@instinctively_awesome8283 Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@Patriciacraig599 The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Susan Agnes Hancock.. my Investment-Adviser
@@instinctively_awesome8283 Susan really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
@@instinctively_awesome8283 If you do that, you are ignoring the lessons learned of the past. That is regression, but rebranded as progress. It is best to look at what others are doing and learn from the mistakes THEY made or you are just spinning your wheels doing redundant things. Creating all your own processes without acknowledging what others have done is foolish at best, self destructive for the wider world as well as your own personal well being at worst.
Absolutely fantastic episode. You managed to encapsulate and explain all the issues mentioned in the past few years but make it understandable. Top job 👍
I'm actually shocked that there isn't an army of Chinese propagandists trying to mitigate & minimize everything said in this video. Perhaps they haven't found it yet. The scary part is they speak perfect English and pretend to be Americans. Sometimes they're hard to spot but dead giveaways include Whataboutisms and the Tu Quoque fallacy.
Enjoying your vids
A simply brilliant production.
One thing more about China's future economy is that it also depends on external forces and not just how it deals with it's internal problems.
This is the top 10 channel out here in RUclips whose content has not deteriorated even after so many years.
Thank you for your great content.
I was there when this channel has not crossed 1 mil milestone.
Keep up the goodness and thank you from everyone.
DEATH TO COMMUNISM.
Other 9??
@@yashxgx one is Wendover productions
yes he is one at the top but i bet you don't know those underrated channels who really deserve the praise especially the one's who made the real headline news featured in this video. This channel only summarize and combine contents from various sources. He's good in re-telling stories that are not covered in mainstream news media
B1M
I have an old friend in China. He has written the lock downs have been extreme. His Chinese wife needed to go to the hospital, and while it was difficult to get permission, it was possible. The train was completely empty except for themselves.
Interesting idea the lock downs may be to stop civil demonstrations. A lot of people have lost their savings with bank failures.
Interesting
There's even darker theories on how the lock downs are being implemented.
They're pretty much used as a weapon against the population groups the party considers problematic; Fill in the blanks...
For the sake of the people there, i truly hope this won't last long. I can't imagine the suffering of some...
i live in the states, where a million died unecessarily because of governmental incompetence. China did a far better job preserving lives
It's hard to find out things about protest in China while being in China but it depends on the city. I was on a island city and I experienced 2 lock downs on varying degrees and they were not bad actually. .my friend experienced a total lockdown in guaiyang China just last mouth and that was disgusting. I was scared for her. Like no one could leave and people were sharing videos of people killing themselves. That was a poor and crowded city actually so there was no saving that. .
some woman got famous in that city because she was outside crying in the middle of the street because she had nothing.. she was apparently taken home but unfortunately there us still a loud online population of men who will shame u and talk bad for things like that pleading with local government to arrest her for making China and the local city look bad ,they said she was creating division. Many older Chinese are very blindly patriotic and literally everyone uses tictok . People will drag your name easy if u don't follow the pac..during covid I've seen people really get ugly and I was lucky to always be I'm a city that wasn't too badly changed.
@@levelazn china's job in general was pretty good actually, I lived in China 3 and a half years. There are good examples and some pretty bad ones. Shanghai was in pretty bad shape a few mouths ago. Xian was in heavy lockdown at the start of the year but I didn't hear any bad there. Guiyang jus last month and shezhen . I'd say in my experience, getting totally locked In your place was probably a minority of the time but in some of these city where people depend on buying and working on a day to day bases ,u are literally killing people by week 4 . Actually I've been rich and poor in China and made many friends in my age group of similar statues .there was a time when me and a few friends were sharing everything trying to split 100 RMB which is less than 20 USD .
I saw people not make it, in many ways the laws were not fair and not rational or realistic . Like foreigner having to quarantine at their own expense or making a full community test 2 times a day for 15 Days while under lockdown. That's doesn't even make sense to do. Because in China most people don't understand how covid spread .
I literally Had an argument with some people in my community that thought lockdowns and isolation was better to stop covid then practicing good hygiene. Older people in China always talk about responsibility but rarely do. Its like talking to a brick wall 😂
I'm an American. My wife and I do not trust banks. Our savings are invested in gold coins, with a reserve of cash, all in a special hiding place. Do no trust banks, amigo.
You guys always make the best videos. Whenever I see you post something new I always make sure to watch it.
Great video, as always!
This channel has been one of my favorite since the Galaxy Note days. The content in this channel is well researched and presented. Kudos to you Dagogo!! Pl keep making more videos.
Surely great entertainment.
Remember when this channel used to be called ColdFustion?
DEATH TO COMMUNISM.
@@kumbaya69421 90% of the viewers "No it's been called ColdFusion since day one".
The biggest issue is that the people running the systems that are creating these debacles in the financial market are not being jailed they are allowed to get away with crimes that they committed and they get to keep the money that they embezzled from everyone. When people who are low income need access to funding we can’t get it so we are unable to get out of poverty because of those kinds of things.
And it is not a problem of China alone..
White collar crime. The 2008 financial crisis was basically the culmination of shenanigans done by white collar professionals of the financial services sector. Now China too has such problem, corporate executives basically run schemes to fleece investors' and clients' money before running away and hide their ill-gotten wealth in some overseas tax havens.
That's called communism. Just read animal farm to get the spirit of it.
boy does that sound familiar
FR
Fantastic video again CF.
Dogogo Thank you for always producing great documentary
Here in Brazil is just like that, all the big property developers do pre-sales. Between 2007 and 2011, 100% of the sales were from pre-sales, they sold all the apartments in a 7 days of pre-sale, at the end of the 3 years to build the apartments, all the apartments were sold, but afther 2011 pre-sales slowed down. I work in a property developer between 2015 to 2019, they were selling 40% to 50% of the apartments in 6 months of pre-sale before the construction starts, and at the end of the 3 years construction, round 70% were sold, and then it was 2 more yaers the sell the rest of the apartments, so it was round 5 years and 6 months to sell all the apartments.
Here lots of property developers did the some thing as in China, they used the pre-sale money from a project to finance another project, but then the goverment made a law to protect the buyers, the goverment create the "special purpose company". So now, a property developer needs to create a "special purpose company" for every project, every "special purpose company" has its own bank account, so now, the money that goes in a "special purpose company" bank account can't go out to another "special purpose company" bank account.
And here in Brazil, almost all the property developer always get a bank to finance their project, but the bank normaly at most finance 80% of the project cost, so the property developers need 20% to 30% of the project cost to start the construction. Normaly there is 6 months of pre-sale before the construction starts, for them to try get the 20% to 30% of the project cost, so the more money they can get out of the pre-sale, less of their own money needs to go in the project. After they get the bank to finance the project, during construction, every money that comes in, because of the pre-sale, goes to the bank that is financing the project.
Dirty dogs those developers. It’s amazing how many developers feel entitlement for other’s money to do their project and how much it’s accepted as “just the way it is” based on public fear or scarcity. It’s not just how it is so much as how we are willing to accept this behaviour when we don’t want to be left out.
I would be worried about getting what I have paid for! Is there any way to complain about shoddy workmanship! And what is the history of the resolution of customer complaints?
20-30% of the total project budget... with steel price variance... is a crapshoot.
can still easily get burned
You channel is the best on RUclips by far. So educating. Love you! ❤
Keep up the good work! I like the amount of research you have done for the videos.
Bot
The fuck? This is just a wishful thinking Langley humid dreams XD
Western countries atop relying on China, ! hopefully their economy tanks so the CCP goes down and gets replaced with a democracy,, find other trading partners.
I remember when Polymatter explained the Chinese housing market earlier this year. He explained that Chinese were not getting bad loans, so they might not see a replica of 2008 in the US. But I just thought, good loans or bad loans, there’s no way this investment strategy can keep up if no one will ever live in these second homes.
Polymatter does a far better job of nailing the nuances
Their housing market is not sustainable, and most educated Chinese people know it. In conversation with my relatives in China, they even mentioned the future problem of housing interaction with inheritance -- since most Chinese are one-child, when baby boomers pass away, all the "millennials" (post-80s) will be left with 2-3 apartments, and the extra apartments unless near vacation destinations will be worthless. This is why most families are willing to sell houses in exchange for children's education.
IMO, the root problems with housing are 1) Chinese stock market is messed up, full of pump-and-dumps and bad for long-term investment, so there are few other good investment opportunities for the people; 2) municipal financing, where it is easier for municipalities to generate revenue by selling real estate development rights than to raise taxes or to actually develop the local economy.
CCP have been trying to fix the stock market for a number of years now with varying degree of success, even their tech crackdown in the past year had a component trying to fix the stock market (i.e. domestic IPO requirement). It remains to be seen whether it will be fixed.
@@countofmontecristo8369 it's easier to do with the longer videos
@@countofmontecristo8369 partly
They got caught up in China's property Ponzi frenzy!
Bai lan is similar to the term “Soft quitting” popularized on social media in the west. It’s not actually quitting your job but rather putting in the bare minimum work to not get fired but never going above and beyond.
Another great episode. Very informative...
Great insights. Looking forward to an episode on the US economy: debt problem, de-dollarization, de-globalization, polarized politics, conflict with China etc
very good point. It's funny to listen all these "experts" talking about how bad China is doing. I live in Germany and let's say that the future does not look quite bright here 😭
@@Elisa-mg3rc as a fellow German i can confirm this.
de-dollarization what? Where on earth do you see that?? If anything the dollar is as strong as ever
@@Elisa-mg3rc I mean, China is doing bad. It's an extremely totalitarian state which imported some of the worst issues of capitalism on top of abusing communism to build a cult of personality around the current leader. The rest of the world doing badly or even worse isn't an excuse in the face of an unacceptable state of affairs.
HERRO!! BUT, WHAT 'BOUT 'MERICA!!! Always deflecting to America is the number 1 Wumao tactic.
a follow up on the UK would be good after our last mini budget ended up nearly crashing the market and our Chancellor was sacked
UK would have to have many updates, if you want to keep up. Add to that the shortest serving Prime minster in history or even the highest number of Prime minsters in 4 years? Complete mess!
Non bias, gentle but factual account of the situation in China with real empathy for the every day working people.
I enjoy your videos which are immensely educative and engaging.
I'm not always happy afterwards but that's solely due to the horrors I now get to see and realize.
I'm in my early 20s and trying to establish a foothold for both myself & family. I am now constantly worried I might not beat or at least take advantage of the system which I find myself...
All that aside, i’d more than love you to look into Africa, with Nigeri 🇳🇬 as a case study 🤞😅
Thankyou for your excellent content. comments and reminder to be KIND.
I love this channel so much. Very well explained.
Didn't expect to see you here, doc. How you doing 👋
Doc putting the hammer down.
inyong Lu! inyong=tl0ol
One of your videos got me here. That was weird!
I guess the word love doesn't mean nothing if you "love" a channel.
ColdFusion is one of my favorite channels right now. So interesting and in-depth analysis.
Comprehensive analysis and facts are always helpful.
Cold fusion is one of my most favorite channels. Dagogo is awesome.
The caption should be USA is in really a bad shape, dated 16th March 2023, hahaha haha
I think we will see / are seeing “bai lan” in the west. With prices going up and real estate becoming ever more unattainable. Many young people are just thinking why bother. In the Uk many people (myself included) saw house prices increase faster than they could save, and hence found it impossible to buy.
It might be worse in the West, land is privately owned, cost of living is higher, and there is plenty to do without buying properties...
In the end - why work hard when it doesnt pay off.
Sometimes i do wonder, why do people bother buying new houses instead of living with one of their parents? Is it a requirement? Or maybe culture?
@@wisdoom9153 largely cultural but that idea is shifting. My grandparents generation kicked their kids to the kerb once they hit 18. My parents generation will let you stay until you save up enough or become more financially independent. I personally, would never have a child without accepting that I may have to financially support them for their entire life.
I think "interest" has put every country in this situation. Bit by bit, recession is overtaking every country
WOW SIR VERY DANGEROUS !!😠😠 BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD , WE NEVER DO SCAM AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗
Welcome to the Captilalistic 10yr Cycle of 'boom and bust'
Nuffin's gonna change, it's just business as usual!!
[this is when the rich buy up]
:)
Scary
@@indiasuperclean6969 your so funny......everything you say is so not true 😄😄😄
Excellent , true journalism, unbiased!
Lets see.. people have predicted the chinese economy imploding for decades. Coldfusion didnt jump on the last implosion train so maybe there is something to this.
you must be joking
Usa is collapsing. Sbf still roam free 💩
Dagogo is from India but lives in Australia, and if you watch all his videos you will find a clear bias for India and against any competitors. But he ignores the problems going on currently in India, such their nationalism and growing anti-Muslim government polices. He does a pretty good job on looking at countries economies, but there is a clear slant.
Thank you, ColdFusion
Dagogo covers every story brilliantly. I wish there were extended versions of some of your videos mate.
Honestly the biggest hurting points for this is globalization and pure greed. I don't think china is alone when it comes to relying on cheap imports and a specific industry to fuel their growth. Never understood how people thought free trade would be abused and relied on by governments who think it would continue on forever.
The path for the entire world should have been steady solid growth while making sure you can really be self sustainable without the reliance on the world for trade.
Well China has been self sufficient for hundreds of years and look what happened to us in the 19th century lol. Globalization has its issues for sure, but it’s definitely better than each country just be on its own.
@@rayzhang7591 Yeah right, that's the reason China became so rich in such a short amount of time, now how they manage it will decide future.
Greed is not bad itself. I think it was hubris. All these companies overlooking the signs of bad management because they were seeing high yield from Chinese investments. Ofcs they would know this will eventually happen if they looked seriously into it
But global trade creates wealth. Since the beginning of history the source of the wealth was trade. Of course it's equally true that every time trade got disrupted, the wealth evaporated quickly, and governments collapsed.
A secondary benefit of trade is peace. Trading partners try to avoid wars, because of the previous point. War disrupts trade, and trade is the source of wealth. Whatever they hope to gain from a war, it likely not worth the cost. The current Russian invasion is a great example, the economic cost for all parties is enormous.
The solution for this after the world wars was to set up global institutions that enable and protect free trade. And it worked for a long time, up until recently. Why it failed is a complex issue, way to much for a RUclips comment.
@@andrasbiro3007 you're obviously a thinker best comment I've read in a long time👍😎🇨🇦
as usual excellent analysis!
The explanation provided appears to be well-researched. Well done! Is there a transcript available?
I find it fascinating how, within a few short years of (I'm convinced) hardcore economic studying, you managed to branch your videos the from tech innovation spectrum to these beautifully explained economic insights type of formatted videos... Dagogo, you are truly irreplaceable! Hope you are doing well and please please please keep it up!
He's just repeating verbatim what others like China Insights have already said. His editing is superior though.
@@pyrus2814 True... sadly he hasn't added anything, not even trying to bring mixed views from multiple sources so we can have a more rounded view of the topic.
@@williamy45 lmao OK.
Can I just say thank you for an actually well thought through and rational video on the situation of China's economy, like seriously.
Its refreshing to see more big influential channels being smart and thoughtful when talking about economic issues and problems that affect millions, so from the bottom of my heart thank you. ❤
DEATH TO COMMUNISM.
Speculators: "Growth!"
Everyone else: "But at what cost?"
Speculators: "GROWWWWTH!!!!!" 🤑
Thanks Dagogo 💟
Excellent video. I love your factual, respectful and human approach.
I never thought China was in this dire situation. Im not involved in finance so I had no clue had any real issues. I enjoy this content so much.
Bro, the Chinese and Japanese live via working to the extreme, it's insane
Every year the Western media say that the Chinese economy is about to collapse, and it has been said for decades. But why every year it is said that China's economy is a serious threat to the West?
How does a China that crumbles every year threaten other countries? Which of the China Collapse Theory and China Threat Theory is true🤔🤔~
Can someone answer~
There not, try doing your own research and thinking for a change and rely less on propaganda.
DEATH TO COMMUNISM.
What this video doesn't mention is it's dire demographics, they've over counted their population by 100 million, and if nothing goes wrong and the world carries on being globalised China's population will go down to 600 million just by ageing alone, that's without upheaval and famine, and they will have both to the extreme, expect China's population to go down to 300 million by 2050
Would love one documentary done on Canada's economy: insane real estate bubble and lackadaisical leadership highly influenced/controlled by oligopoly (i.e. telecom) companies.
Prices are insane but only affect small number of recent buyers who bought at the peak. That could lead to a slight recession but employment is very strong (due to mass quitting and retiring early) and wages are going up so no big deal. China problem is 10 times bigger - unemployment shot up, salary cut, poor relationship with the West causing investors to flee, ridiculous policy, forced donations or huge fines to businesses shake confidence of doing business.
@@gerhardschulzy While I would like that since I'm Canadian, I also know that nothing can put a person to sleep as fast as talking about Canadian socioeconomic politics.
@@MechaSlinky I'd be interested actually. Here in the U.S. we're actually more likely to hear news about China or Mexico or Israel than about Canada, so i feel VERY out of the loop about what's going on up there lol.
I agree that would be good. China helping inflate the prices of homes in Canada due to all the property buying and lackadaisical rules regarding purchasing. It's a shame even foreigners own more property than those who are actually born in Canada and can't even afford anything. This housing market in Canada has been overinflated since 2008 and hasn't changed since.
@@johdo9953 Completely incorrect summation of the Canadian economy, both on your inaccurate assertions in the real estate market and you neglected to mention inflation impacting far more than housing. I wonder if you are somehow sponsored by the Canadian Prime Minister as your are spewing the same nonsensical rhetoric that his government does.
Nice vid mate
I love this channel !!
Daggo showing his true humanity at the end, "it's never nice to see innocent people suffering"
Dam straight.
So true.. tbh
and the hated leaders (of some) will still get out fine and still live worry free life anyway.. it will always be the poor people's fault
The poor always suffer the most consequences. There is little proper justice in a recession/depression unfortunately.
Usa is collapsing. Sbf still roam free 💩
I don’t think he is showing true humanity at the end. he seems to be equating Brexit, which was approved by the people of Great Britain, with the dictatorial policies of Russia.
Look dude, Tagogo is not golden. He is very good, I love his documentaries. But he is biased also, biased towards big government and socialist policies.
It all looks good here and now with everybody getting Covid shots for free, and everything else for free, tell me now, who pays for it in the end?
The massive debts are piling up. Let’s see if Tagogo does a documentary on this, ever. … because every nation with massive socialist policies also has massive debts that they can never pay, never ever!
This is the biggest problem with Socialism, someone in the future pays for fake prosperity in the present. Want to bet your Australian hero never takes this on?
Supposedly he does documentaries on finance. Never heard a peep from him about national debts….. not even a little mouse squeak.
I’m sick of socialist pigs spending other People’s money, or money that has not even been earned yet, and Posturing as the good and great saviors of the world.
You know it's bad when ColdFusion is made a video on it.
50 years to buy a apartment, I bought a house in 20 years.
Good report.
What's happening in China can't be any different from anywhere in the world right now with selfish interests ruining us all. The great fall has already occurred, and inflation is a disaster. The FED will need to use every effort in order to stop the market. Markets are being destroyed, which is a regrettable situation. You must rely heavily on diversification if you wish to remain green. Currently 17% up on my $840K portfolio while being cautious. Even so, it's still better than keeping it in a checking or savings account that pays 0-1 percent interest.
It is more difficult to create a solid investment portfolio, thus I advise hiring an investment advisor. You can then receive plans created to address your particular long- and short-term goals and financial aspirations.
One of the main reasons I have an investment advisor oversee my daily investment decisions is because their entire skill set is built around going long and short at the same time, using both profit-oriented strategies and laying off risk as a hedge against the unavoidable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Since hiring an advisor for about two years, there has been a return on investment of more than $550,000.
@@graceocean8323 I will need such tutelage. How does this work?
This is easily the most boneheaded pollyanna comment I've read on an economics vid for some time. No other country now or in history has done and is doing what China is. And as far as "gree" is concerned, watch your positions closely. "Green" is just as much a farce as China's GDP.
@@tampabayrodeo2474 this entire thread is a scam. It's a well written cliche at this point. "I make impossible amounts of money with zero risk, you should find a way to do that through a financial adviser, too. Why earn 3% on your money when you can earn 25,000% like me, not have to do anything and never risk anything?"
"Gee whiz mister, i need to make 25k%!! Who do YOU use?? Everyone i find is either a criminal or won't promise to 25x my investment with no risk!"
"Ah, you are wise to ask me that, random yourube account created the same month my totally legitimate account was. Look up this name: >INSERT NAME OF SCAMMER WHO TOTALLY WON'T STEAL ALL YOUR MONEY
Pre-sale market is their in India as well but has many guardrails with it. For example: The mortgage gets released from bank to the developers in stages of the construction and also the builders needs to show they have the liquidity to back the project.
Apparently the mortgage paid is supposed to be locked into escrow account, but somehow, it’s gone
Lehman's brother moment 3.0
Yeah that's similar to Australia. It's called buying 'off the plan'
I don't pre-order my video games. These people are pre-ordering homes?!
I think nowadays most people consider it as an investment as well but it's a risky one. It was astonishing to me that 70% of the investment was in real state, that's bonkers.
DaGoGo !! 😇🥰 hope all is well brother. I i realized i have been subscribed to your channel since way back when!! All the way back when you would showcase different launchers for our Note 2 or 3 !!. 😇😇😆 soo cool bro, gosh that seem forever ago. Love u
I love this channel so much. Very well explained.. I love this channel so much. Very well explained..
And that's how the cookie crumbles....
Sad part is its always the general people who pay the price, the rich always gets away
Excellent article,, very nicely presented; segmented into chapters for each issue, issues described thoroughly and in a way that helped me understand and better feel the impact of the issue on the Chinese economy and its people. Thank you, I will follow your articles regularly from now on.
I am grateful for the work of this channel..
I love your ending statement! Thank you so much., The same is also true for the regular people both in Russia and Ukraine. Governments start wars, not people.
People put them in power and give them the legitimacy that allow them to start wars. Stop with this naive view of dissociating government from the people. Chinese people, russian people love their governments even if they disagree sometimes. When the people hate their government, there is a revolution.
Usa is collapsing. Sbf still roam free 💩
@@gijane2cantwaittoseeyou203 People only revolt when they have no choice, and they have a likelihood of success. In Cuba there is no likelihood of success as they will be punished severely, and the foreign governments support the regime. Even though they are a major perpetrator of human rights abuses.
Ukraine's dissolution war was started in 2014 by a coup payed by US. As any other war in the last 30 years.
@@gijane2cantwaittoseeyou203 fantastic to see the minority speaking out, i can relate 24/7
There's certain people on RUclips that were more than certain to be born to make certain videos and you are definitely one of them! I enjoy every video in the content in them that you make
I went to China before the pandemic because I wanted to go after I saw vids of the replica cities they have such as a faux-London and faux-Paris and it was so surreal. During our trip met a nice couple from Iran who immediately became friends with on our travels. They were more forward than us and said this seemed unsustainable for China doing stuff like making cities where no one lives in them.
It's not sustainable to build cities where no one lives in them? That's not an insight, that's common sense.
@@oldmandoinghighkicksonlyin1368 you tend to watch your tongue when you're in a foreign nation that isn't big on free speech. Last place I wanted to end up was in a jail deep in mainland china or being harassed by the police. the fact that he brought it up in casual conversation, you immediately get paranoid that someone is listening. Say what you want about the US, but when you leave your safety net, you're playing by someone else's rules.
@@oldmandoinghighkicksonlyin1368 Common sense can be rarely spoken when the government is watching you like a hawk
there are different ways to develop a city. one which is a long term and also will build a deep community culture and relationship is by doing the old school way which is give the land to those poor people who are being arrested for illegal settlers in urban city. these poor people will start to build family on that new land, start to grow and build community of their own. it will atleast takes 20 to 30yrs before it become a fully fledge city.
but China did the opposite.
they build the houses and sold it to the public and hope that they will build a family there and create a community.
problem is those people where they sold it are not "poor" family (well they can afford to buy these houses.)
these people will not transfer in there coz they have current jobs in their current location. in short these people will not be transferring until they fuck up in their life and decided to settle else where.
on the other hand, these places haven for introvert who's jobs is also home base and only need desktop computers such as gamers and Vtubers/tiktoker. also a lot of these western styled city in china is being used by photographer for wedding prenup and school field trips, it is like a disneyland for western architecture theme park.
Man my uncle was designing building there for a long time and he said the exact same thing back in the late 2000s man.
Excellent article!
Awesome video
I lived in Shanghai from 2014-December 2017…it breaks my heart to watch documentaries like this…feels like watching a friend slowly die of cancer
Nice to see a big creator cover what is currently going on in China with no clickbait. The truth is we don't know what is the future of China. From our pov, here in the west what is happening rn there, should result in an outright chaos... But that is necessary true when it comes to China.
and just a few weeks after your comment a revolt started
@@fourshore502 yeah... And it'll probably be swept under a rug
@@fourshore502 But now。。。
Don't let this video die please! Since it was published, three major western banks got rekt, Xi was re-elected, united Iran and the Saudis, there is a huge line to enter BRICS (which now is more powerful than G7 economies) and China said US to go bananas regarding providing weapons to Russia. Lets keep counting...
that doesnt age well isn't it?
Great content. I'd like to see something similar with other countries like Argentina, Venezuela or Bolivia. They share some problems and certain political scenarios. Bolivia has enjoyed like 14 years of growth fueled by its gas exports, but many have predicted its slowdown and the terrible consequences on the country, but most of the population are in denial, they refer to it as only political argument that it never comes to happen. Anyway, its just a wish, have a similar analysis con my country, Bolivia.
So much clarity in explaining the complicated subject! Love this channel !
I love your contents...From 🇪🇹Ethiopia