China slowing down is a prediction often heard in mainline media. Decline in growth is real but growth in absolute terms is still at robust 5%. If so why so much noise? Five percent growth for an economy of China’s size is still mind boggling. It is higher than seen in many top economies of the world.
That's Chinese numbers , Many reports from mainland and hongkong says growth is below 2% and that's due to central government's cash influx into local governments and that has been halted this month. Make sure your lip service for china isn't free 😁
The Philippines actually didn't benefit much from Chinese investments, infrastructure projects and tourism. So Philippines will be the least affected by a Chinese slowdown as compared to its neighboring countries. Yes, the Philippines will still be affected by a China slowdown but not as much as the other Asian countries.
China economy used to grow averagely 8% per annum for the past 40 years. 5% growth indicates economic peak. There is no more room for growth which is bad.
@@kwabenatasty4499lol, please check how many countries with less than 5% growth. 5% is still a very good growth rate, especially with China's GDP. Even a 4% annually would double their GDP in 18 years. That is a massive growth.
Everyone knows that real estate is unsustainable, and today's rest is for tomorrow's glory. Automobile (BYD), mobile phone (Huawei), aerospace (C919), energy storage industry (CATL), chips (Changjiang Storage, SMIC), shipping (Adora Magic City), followed by medical equipment, artificial intelligence robots, machine tools, industrial robots, China is localizing these industries.
Yes….”Automobiles” (like China’s BYD-whose EV batteries tend to burst into flame )….5G ( like Huawei- with “back doors” installed along with its hardware ) C919 ( which imitates Western advances from over a decade ago )….In only one area is China the “undisputed champ” : Surveillance.
No its not since the Chinese government is investing BILLIONS of dollars into the semiconductor, AI and and other related service markets....there is a reason why China has been around for 5000 years. @@MD97531
@@FINSuojeluskunta Should real estate be suppressed? Is the purpose of economic development to make it difficult for people to afford housing? China needs to invest funds supporting real estate in other high-tech fields, such as automobiles, green energy, artificial intelligence, quantum computing, cruise ships, large passenger planes, chips, mobile phones, medical devices, etc. Previously, China only assembled them, but in the future, China will manufacture their components and equipment.
Amazing to see not even the mention of India, who is also a large trading partner of China but is also facing actual clash on the borders with China. FYI- India is in Asia too.
That has stalled. Write GDP live on RUclips. China is currently red in recession, recession will stop but they have reached a major stall in their GDP growth technique mostly worked because of an underdevelopment society but as China grew that is no the same case any longer. Their GDP growth technique doesn’t work anylonger.
Dude, when your economy is 5Trilion. 10% growth is 500Billion increase a year. But if your Economy already reach 18Trilion, reaching 5% growth = 900Billion increase. 😅😅😅
The bottom line is that foreign & private investments in China are so worried about authoritarian capitalism. They prefer transferring investments to Vietnam, Malaysia, Thailand, Indonesia which are a much more stable political environment for business transactions having no territorial disputes & skirmishes with neighbors.
Ummm no it's the opposite. They're worried "authoritian capitalism" won't artificially prop up industry/endlessly provide easy money anymore. Consumer spending in China was never truly loose, and now local and even national decision makers are having to "pay the piper" sort of speak. The party is over. I think there's some basis to your argument if China responds to the slowdowns with a gigantic geopolitical/nationalistic pivot (scary, but possible) over the coming years- but in economic terms what you stated is the exact opposite of what foreign firms are concerned about. They're annoyed the government has stopped stepping in not the other way around. Lol and if you think "skirmishes" are less a thing in the south-eastern Asian countries ppl are excited about right now vs China proper...lol, dude. 😂
Have you been to the place you mentioned? These countries are not enough to transfer the industrial system, and many companies are superficially de-Sinicizing. Many Chinese companies will continue to provide services as they build factories there....
Yes , China is a big factor in the Asian growth story but it's not the conclusive one ! .... Other nations are also growing very fast in Asia which means the average growth will still be relatively high ! .... I do think Asia will continue to grow and prosper for the next 3 to 4 decades easily ! .... There is still a lot of potential in Asia and a skilled workforce .... 🙏 .... 🙂 ....
That's because China's economy isn't as mature as most of Europe's, but it's getting there. Nothing grows indefinitely and China's economy will learn that too in the not so distant future.
You don't want a country like China slowing down because it will fall victim to the middle income trap. How are so many of you so ignorant. You see China with a higher GDP and you think "oh but it is bigger than the US or Europe" yeah, the US and Europe are advanced economies that is the damn difference!
Yes, the Germans must be concerned. Consider the significant drop in sales for German automakers resulting from the economic slowdown in China. Despite growing pressure for German companies to pull out of China, direct German investment in the country reached near-record levels in the first half of 2023. However, during this time, imports and exports between Germany and China decreased, prompting speculation about the early stages of a 'de-risking' process. It's worth noting that 'de-risking' negatively impacts trade in both directions.
No choice but to “de-risk” with Xi’s aggressive handling of Chinese foreign policy….Expect it to accelerate the more fearful Xi becomes over his grip on power….(the wolves in the CCP are yapping at his heels )…
China's historic economic slowdown has transformed Asia's economic playbook and raised concerns for the rest of the region. China's GDP per capita has soared from $300 in the late 1970s to nearly $13,000 today, lifting hundreds of millions out of poverty. By 2018, the country's middle class had expanded to over 700 million people, and some forecasts expect it to expand to 1.2 billion by 2027. China's rapid growth benefited many economies across Asia through trade, investment, and tourism. However, the foundation of China's economic engine appeared to crack this year due to its struggling property market and pandemic-induced slowdown. The IMF said a 1% boost in China's GDP contributed to at least 0.3% growth across the entire region. The region is concerned about the outlook for China's growth and how US-China competition is complicating Beijing's economic wars as geopolitical tensions loom large. The nightmare scenario for the region is having to declare their support for either China or the US. The video explores how China's slowdown is transforming Asia's economic playbook and how the people are writing its next chapter.
@marchlopez9934 You said a lot of thing but like saying nothing cause you left out US’s trade war and promoting of geological hot war in the region scare all investments away to the destroy the whole region.
Yeah, but Asian countries export goods to China mostly for assembly and downstream processing. That can shift quite easily if the assembly line move to other countries. Whatever that woman said is not entirely true.
You've got ti the other way around, for those companies that were moved to other countries, they still get their parts from China and assembles it in their countries.
I think slowing down may not be a bad news, sometimes when you are moving ahead too fast, its necessary to slow down to take stock of what to change and make adjustments before moving ahead again. Things like tech firms, housing.. can get overheated and need to review your policies. Its like the rise of SNS and online games can be a social problem with youth, so sometimes they need to curb it's use. And housing also.. too much speculation.
It should simply not be allowed to "speculate" in basic necessities such as food, water and housing. Its been a documented societal problem at least since Roman antiquity.
It’s not the same thing. China can handle a fast paced environment and China can innovate simultaneously. You can’t see the results of your innovation unless you put it to use. It’s what China is known for. The economy has taken a hit.
@@Ashnesss yes it has taken a bit . But here we are criticizing them when every other economy is also badly hit..and the Japanese yen is the worst performing currency in Asia..2nd being Malaysian Ringgit.. and we are all so focused on ..see China!! They are in trouble.. frankly USA national debts hits new high, interest rates are rising and no one talking about USA economic slowdown or possible recession..
Slowing growth is not China's own problem. China is still growing 5%, look at the rest of the world. China is still contributing around 30% of the global growth. This is simply an economic cycle. The collapse of the China economy has been around for a long time, and it is still growing.
China's slow down is largely due to global demand slow down with ongoing European war, now middle east war and possible next east Asian war. Outflow of investment is only temporary over manipulated high interest rate in the US. Germany is in recession and on the verge of collapsing like all other nations in EU. Jpn's economy is downed for 40 years and US is in debt of $34 tri ($300+ tri in all). China is reducing US treasury debt to invest on gold, pay off BRI project for debt ridden nations and helping smaller nations in dedollarisation thru low interest loans in dollars and to repay in Yuan instead when due. .
It's not "manipulation" every major country is raising its rates. And nobody in the EU is going to collapse. The war has relatively little to do with rates. That's due to QE and ZIRP for far too long.
Mmm its due to geopolitical tensions, COVID restraints, crackdown on many industries, and yeah, what you mentioned.. oil price rising due to Ukraine and Israel wars
@@walhdamaskus2408 I'm not American. I respect China and prefer China and Russia over America. But China's economy along with the population is going in the wrong direction. China's making enemies with its neighbors is dumb and will only hurt China in the long run. Plus the birth rate in China will likely forever remain low hurting the economy.
Over 75% of foreign money in Chinese stocks has left China 🇨🇳 this year alone. - Most of them went straight to the markets in South Korea, Japan, and India.
China slowing down will not be Asia slowing down as the other powerhouse economy India will now pick up pace, It's India's time now to propel Asian and World Growth Rates
Indian economy would be next growth sector true but the influence of Indian economy on regional Asian or even global economy can hardly be seen as India remains a very closed economy isolated from rest of the world except the export of their talented human capital which are largely cheaper for developed countries
This will end up being a good thing for the region. It will force them to be more intertwined with one another than just with China. In addition, the phenomenal growth experienced by China could never be maintained. That kind of growth was only possible because they started from such a poor place. Now, their growth will need to earned the hard way - through true new innovation, which is always difficult. Welcome to the top tier. It's not so easy. In the long term, China has major demographic challenges, so that's one more reason why the region needs to diversify. We'll see what China is made of in the coming years. Have they peaked? Time will tell......
This report gives too much emphasis to china's economic might and its downturn's consequence to other asian countries. That is far from the truth. Chinese slowdown doesnt mean every asian nation will go into recession or experience slower growth on the contrary, chinese slowdown has boosted the economies of many asian nations. Foreign investors who pulled out of china has transferred operations to vietnam, indonesia and elsewhere in southeast asia. Many countries in southeast asia are experiencing increased gdp growth this year and forecast to continue next year wtih Vietnam, philippines leading the way. Philippines gdp growth has surpassed that of china and china is not even the philippines' biggest trading partner. Whatever china lost, southeast asia gained. But of course there are some countries who will be greatly affected like thailand. Thailand relies heavily on tourism specifically chinese tourists. Laos who depends on china for its lifeline. But of course, it would have been better if china;s economy continue its rapid growth but with its leaders expansionist policies and ultimately global ambitions, china's focus is less on economic growth or chinese people's welfare but their personal ambitions. World will be better if investments are spread out to more countries rather than centering only on china. This would mean more equitable wealth distribution
Step 1: US imposed 1000 sanctions to Chinese Firms. Step 2: US impose "decoupling" strategy, Step 3: EU imposed "de-risk" strategy against China, 4: US/EU: China economic slowdown!! from 6% to only 5%, it is dangerous!!
Chinas economy is Not teethering, inspite of any amount of wishing of such media reports. Its real estate market is taken a bad hit and expectedly so. But its consumption hasn't collapsed either. Even if China grows at 4% its equal to 3% growth of US, 20% growth of India, 4% growth of EU. And none of these are near that growth. So even with its 4% growth China is growing faster than all these big economies
If China’s economy isn’t having problems, I guess we don’t have to worry about huge real estate businesses collapsing, giant wealth management shadow banking companies being insolvent, provincial debt growing to meet unrealistic growth targets, massive youth unemployment, and slowing manufacturing. That’s a relief!
@@kwokleongawyong2895it isn't, but that's the Chinese way of doing things. Sucks for its citizens, but it's a painful thing that the world has to bear until things eventually get better - with china no longer at the fore
The Western world trying to decouple/derisk and sanction China. Geopolitic tension are causing cash outflow. Many European countries have recession now. Chinese are known to save money for rainy day, so stimulating spending a bit tough. They have the Real State issue too. If you add all those up, they are bound to underperform a bit. This will have ripple effect not just in Asia, but the entire world.
I think the biggest thing you're forgetting is them pissing off there trading partners and the populations in those countries. This makes businesses and governments look elsewhere.
@@acriticalvegan6164 can you explain to me how did they "piss off their trading partners"?! what did they do exactly? wasn't it Trump's administration who started the whole thing by harassing China with trade tariffs for no particular reason?!!
@@jasoncullen8430 What about way to spin things around. Cash outflow is caused by geopolitics and has nothing to do with trusting the government. The government has not change at all, otherwise the West will be jumping for joy. What change is the rhetoric of anti-China sentiment. Many of the European top trading partner is China. When ANY country is in a recession, they dont buy luxury goods whether it is from China, Italy or France. What you buy is necessity such as food & fuel. Your 3rd point..... would you rather the govt do a handout to everyone, then massively print money to the point of inflation?
Economy is a strange thing... Generally the economy always get more people who works in it more efficiently with better technology making products cheaper and better as time progresses. How can that possibly add up to less money for society so often? Its illogical. Something must be very rotten at the core of the worlds financial system.
@@IbrahimNgeno again if you believe CCP figures, and even then it’s still being outpaced by US economy due to falling Yuan (look it up). In truth with consumption, housing, exports, investment all struggling, it’s debt fuelled overstated growth (who knows what the true growth rate is other than that it’s lower than reported). And yes the US economy is debt fuelled but it’s high income versus a debt fuelled developing economy with falling population.
Its largely a zero sum game - China’s loss is someone else’s gain. An investor with expansion in mind will not look at China’s slowdown and decide to delay that expansion unless that expansion is specifically tailored to Chinese domestic consumption.
Our two votes on lisbon was more more democratic than anything Britain has ever voted on. We had a citizens assmbly to find out why we voted against Lisbon 1. Went to the EU and negotiated changes that we citizens wanted and then voted on Lisbon 2 with the changes we negotiated included. We voted in favor then by a whopping 67% That's about as democratic as you can get, pure democracy.
As Chinese, I am so glad to see so many foreigners across from USA to Europe are so curious of Chinese economy although we are quite lessly concern yours. Could you please pay more attention on your Auto industory development problem and earn more money from China to sustain your GDP rather than lecturing.
Why as a Chinese I have totally different feeling and understanding about current China economy? Under the leadership of Xi, China now has the best time especially for the High-tech industry. About 15 years ago it is very hard to find high-tech job position in China like IC design or electronic Hardware design. Almost every ICs are imported from other countries. But today the students have tremendous opportunity. we understand we cannot rely only on the other countries, we must have our own. Real-estate cannot be the pillar for China, it is not sustainable. But high-tech is our future. Therefore, the short-term slowdown makes sense and the resource must be put to right place and industry. Honestly I really like Mr. Xi's policy. He focus on the right thing and the future, not like his predecessor Mr. Hu or Jiang, only short-term for real-estate. If his policy comes 15 years earlier, it would be perfect!
Xi wasn't a student of Tsu. He is a shallow maoist. He shouldn't have started the belt and road and make in china 2025. He should have played the fool while investing maximum in chips and jet engines. Jiang understood realpolitik and played his hand well. Hu was a CCP automaton who did as told by the greedy party members. The housing bubble should have been arrested in 2008 when it first appeared. He should have agreed to stick to 40nm and higher while secretly funding research. He would have delayed the decoupling by at least a decade
@@HeegooatAmerican is not a fool China is rising Too fast And you expect American will not know it n will not try to stop Chinese economic development Even Japan Who is under total control of America American still stop Japan economic development When Japan become second biggest economy in the world
You say there's a "slowdown" in China, and yet you also say that the Chinese middle class is projected to grow to 1,2 billion by 2027... Well, maybe the slowing of the growth of the raw GDP numbers doesn't mean much, and there are actually more important things like the availability of goods and services? :D
Western Media just never reflects the reality one can witness while in China. Everyone who travels to China says the economy looks like it's the very opposite of slowing down. When you travel around China, you can see growing prosperity in every Chinese city and village, and almost weekly upgrades to infrastructure, business-, cultural-, and leisure- districts, countless of opportunities to work, even in the smallest fields such as philosophy, where the West barely has any job offers. Meanwhile the economy in Europe and other western nations is going downhill. Even people who once lived stable lives with higher incomes have to lower their standard of living significantly due to rapidly increasing costs of living. Energy, food, housing, services, transportation... everything is becoming incredibly expensive in the West even though the people work harder than ever before. This is not the case China. The West and it's media lab dogs clearly try to distract from the situation in the West or at least to make the West's situation look less bad in comparison to China. Reality is very different though.
Most Asian countries are tired of China being the global manufacturer and THEY want a piece of that pie, and at least Vietnam and India are getting pretty big pieces of it. I don't think the slowdown is going to make much of a difference to most the world. It WILL to investors who unknowingly hold stock or bonds in China, because large firms invest in China, but to the typical person throughout the world, not so much. The slowdown in China is because of a failing housing market which has been a PONZI Scheme and manufacturing moving out. But India and Vietnam can BOTH manufacture products for less cost than China so while there may be some disruption to certain markets as manufacturing moves out of China, it's nothing that's going to be critical to most people.
Its likely hight end tech firms still invest in to china and low end product will goes to some where else cheaper labours, but not back to Europe or USA. Still 1 % china growth is like the same as india or vietnam 5% growth. Chinese production chain, technologies, skill labaours and scale are stil the world top 1.
Greed is China's biggest challenge, thats why their is so much misallocation of capital. Greed is a cultural problem, and it often in fact stems from an impoverished social upbringing and education. In the case of China it's also BUILT IN to the countries system of governance. Then there is the fact that the Chinese Government have no real understanding of capitalism outside of the idea that its just a game it has to win, and therefore has been winning for a long time whilst violating the very principles that underpin a real capitalist society. Principles such as honesty, integrity and motives that go beyond the simple need to profit. Profit at ANY cost is not a long term success strategy. Real success comes from understanding correct principles, such as honesty, integrity, SERVICE and genuine passion for ones chosen field of service or production. Chinese culture seems to lack the passion needed to succeed LONG TERM.
I m sorry.... I live in a decent first world country, and the greed you talk about I see in our society (read: businesses) too. So in that respect I do not think there is a difference in what you call "principles". Over here (in the Netherlands) the Principle of business is to make as much money as you can. I see it in the banking and insurance system and in many other fields, including the travel business where my wife works. It s all about the MAMMON. In your intended definition of capitalism I believe you totally miss the point. My take.
@@andreverwoerd1378 You got it correct in your FIRST sentence, but you totally miss MY point about Chinese culture and the soruce of that which is it's governance. People from "decent" first world countries use to have principles of deceny, even whilst practising capitalism, although i take your point that those values are in decline in the west as well, likely as a result of trying to do business with China! Where the breaking of the rules of fair trade is endemic from top to bottom, due mostly to generations of an abusive government. Its interesting as you can see simialr problems in other countries. For example look at Russia, who put the biggest psychopath in history up on a pedestal and called him "the father" of the Nation. Today that nation has also got society wide intergenerational and likely permanent trauma, making it a nation of violent and often deluded people who justify war in the name of empire building. China's issues are deeper and more subtle but lying and cheating like the Ferengi is the norm when it comes to making a profit, and has been for a thousand years. Westerners should not be doing business with the likes of China, unless they are prepared to become China.
Seriously it's not even a choice for India. Definitely prefer trade with the western world.. the ccp is impossible to trade with safely and securely anymore.. taiwan, Vietnam, Australia etc are waay better to deal with in south east asia
@@balern4 FYI. 2023 data not available yet. 2022 data from Chatgpt: BRICS (Including China): about $142B China: about $136B US: about $119B EU: about $116B ASEAN: about $110B Note: The BRICS data seems to be too low. Not sure how reliable the data is. Estimated about 40-50% increase with EU in 2023 because of buying and selling Russian energy to EU.
0:45 there is no "US v china competition" no country can truly compete with the US in almost anything. 0:50 what countries are having "a nightmare scenario" taking sides and in what way? traditional US allies in asia don't have any problems working with china if it benefits them partly because their relationship with the US is a given. 11:00 china is not "a superpower"
Only the west left like Nancy pelosi are still dreaming of that, they couldn't win against peasants farmers with very little equipment compared with the billions of AID the US give to Kai and still losing the civil war and after years of harassment and intervention on China the US didn't accomplished nothing not even revolution in tibet or xinjiang and after all the mess the US give up and started negotiate with the CCP because they earned the power they have by protecting their borders and having the support of their people even in the worse years they have in power.
What they are not telling you is that, China is till the largest growth story compared to the REST of the WORLD. 2023 GDP IS 5.5 percent and next year is expected to be 5 percent while the rest of the world is either negative or low 1 percent gdp
it'd be better to also invite companies which are willing to invest more back in china, for example hong kong companies, so as to provide a more comprehensive view for audiences. besides, chinese tourists are not going to thailand is not because of economic factor (more like it's about the horrifying stories of KK Complex), to my understanding, they go straight to jp now
I think Europe, Americas, and Asia is in the prime region on earth to do work. Africa, South America, India too hot to build factories to manufacture. Asians put premium on education. This is not prejudice, it is a data proven fact. It is needed region to solve climate problems.
Summary: other Asian economies are entirely dependent upon China for growth. The Chinese growth this year is "only" 5%. Therefore...other Asian economies are...better to invest in...?
Are you lying on purpose ? Dw always reports about the current state of German economy and not In a favorable manner. The answer most of the time is to reinvent itself. Not about scapegoating others unlike china.
Shouldn't Germany worry more about its own demise in terms of the economy and not having cheap energy resources like it used to with cheap russian gas???
OMG. A China slowdown is troubling for DW so they create like videos after videos for it but a recession in Germany certainly doesn’t worth their time.
I remember there is a country that import and export worth of its GDP each year. I believe there are not selling algriculture or organs. They make stuff, and they need energy. Is it true that in year 2023, that country electricity generation have reduced about 10%?
I think there's a cultural element here that could have been discussed. Chinese people are notoriously frugal and two decades of EXPLOSIVE growth in quality of life, incomes, property ownership, etc wasn't enough time for consumer spending to reach even half of what you'd see in a western country (lol quarter what you'd see in America) with comparable growth metrics.
The explanation is anecdotal. A more objective way of looking at the business environment is that Chinese people simply keep far less of a share of GDP as wages, and are therefore comparably poorer despite living in a country with an enormous GDP. If you think about it, there are similar 'cultural' factors at play in every economy that is majority-export. Germany, Japan, Korea, China - all supposedly frugal, where in reality households just have less $$$.
@@gfys756 99.3% of all companies in Germany are small to medium sized. They can't move, they would just close. But bankruptsies in Germany remaims below average, so that is clearly not happening. It's just wishful thinking buddy... 😉
China's economy is really bad, as it's GDP is expected to grow by 5% in 2023. Its exports to EU countries are not doing good either. FDIs from Europe into China are dropping as well.
Not sure if DW should be more worried about 5% growth than negative growth.
LOL
And if the CCP says growth is 5% it's probably 1%=😂
what if the negative growth is probably -10%@@jaisriram295
@@jaisriram295 Hi Gordon
@@jaisriram295is not china Who said 5% is the IMF tell us how much will grow the usa ?
China slowing down is a prediction often heard in mainline media. Decline in growth is real but growth in absolute terms is still at robust 5%. If so why so much noise? Five percent growth for an economy of China’s size is still mind boggling. It is higher than seen in many top economies of the world.
That's Chinese numbers , Many reports from mainland and hongkong says growth is below 2% and that's due to central government's cash influx into local governments and that has been halted this month. Make sure your lip service for china isn't free 😁
I been hearing Chinese crisis since I was 16 and now m 30 I dnt know what is crisis any.ore
5% is mind boggling for a developed country, not for China.
Invest your money in China now, you will say otherwise very quickly. Its economy is cracking, not a prediction.
Hello handsome, how are you doing today.
I live in Indonesia, and yeah business is slowing down tremendously these days. That's why we need to increase more trade with China.
The Philippines actually didn't benefit much from Chinese investments, infrastructure projects and tourism. So Philippines will be the least affected by a Chinese slowdown as compared to its neighboring countries. Yes, the Philippines will still be affected by a China slowdown but not as much as the other Asian countries.
yeah but soem of our taipans are heavily invested in the mainland
Is a 5% economic growth typically considered a slowdown? I'm wondering if the world is getting strange or if it's just me...
Where are those 5% coming from? Import and exports are down, housing is down, Yuan is down, the only thing going up is unemployment.
What gives?
China economy used to grow averagely 8% per annum for the past 40 years. 5% growth indicates economic peak. There is no more room for growth which is bad.
@@thegreatdane3627Yea, your media always failed to tell you. They are too concerned about bad news. Never give you details about good performance.
If the 5% is coming from a government that lies in average around 15% then it is a big thing. Never believe a chinese
@@kwabenatasty4499lol, please check how many countries with less than 5% growth. 5% is still a very good growth rate, especially with China's GDP. Even a 4% annually would double their GDP in 18 years. That is a massive growth.
Everyone knows that real estate is unsustainable, and today's rest is for tomorrow's glory. Automobile (BYD), mobile phone (Huawei), aerospace (C919), energy storage industry (CATL), chips (Changjiang Storage, SMIC), shipping (Adora Magic City), followed by medical equipment, artificial intelligence robots, machine tools, industrial robots, China is localizing these industries.
Peak glory is now I’m afraid, it’s downhill from here
Yes….”Automobiles” (like China’s BYD-whose EV batteries tend to burst into flame )….5G ( like Huawei- with “back doors” installed along with its hardware ) C919 ( which imitates Western advances from over a decade ago )….In only one area is China the “undisputed champ” : Surveillance.
No its not since the Chinese government is investing BILLIONS of dollars into the semiconductor, AI and and other related service markets....there is a reason why China has been around for 5000 years. @@MD97531
Real estate is way worse in China than elsewhere. The quality but also the speculation and oversupply
@@FINSuojeluskunta Should real estate be suppressed? Is the purpose of economic development to make it difficult for people to afford housing? China needs to invest funds supporting real estate in other high-tech fields, such as automobiles, green energy, artificial intelligence, quantum computing, cruise ships, large passenger planes, chips, mobile phones, medical devices, etc. Previously, China only assembled them, but in the future, China will manufacture their components and equipment.
有時候我還真想聽一聽來自德國的聲音，可是我自己也知道這是不可能的。德國之聲不如叫美國之音更合適，美國的輿論戰對中國沒有用的。
Amazing to see not even the mention of India, who is also a large trading partner of China but is also facing actual clash on the borders with China. FYI- India is in Asia too.
It's OK, we Indians shouldnt feel insecure if our country is not mentioned in story related to China
India is not manufacturing country only consuming for your 1.4 billion peoples. your products is only cheap drug but the material come from china too.
India is nuclear 😂 there comes some borders
@@somilG44 India is nuclear?? You do know that the top 3 country with the most nuclear warheads.. are Russia, USA and China .
Lmao, every video where India isn't mentioned
Good for India
China GDP growth 2022 3%. 2023 estimated 5.4%. Slowdown you say?
they are just jealous
That has stalled. Write GDP live on RUclips. China is currently red in recession, recession will stop but they have reached a major stall in their GDP growth technique mostly worked because of an underdevelopment society but as China grew that is no the same case any longer. Their GDP growth technique doesn’t work anylonger.
Hello Justin, how are you doing today.
Dude, when your economy is 5Trilion. 10% growth is 500Billion increase a year.
But if your Economy already reach 18Trilion, reaching 5% growth = 900Billion increase.
😅😅😅
The bottom line is that foreign & private investments in China are so worried about authoritarian capitalism. They prefer transferring investments to Vietnam, Malaysia, Thailand, Indonesia which are a much more stable political environment for business transactions having no territorial disputes & skirmishes with neighbors.
Ummm no it's the opposite. They're worried "authoritian capitalism" won't artificially prop up industry/endlessly provide easy money anymore. Consumer spending in China was never truly loose, and now local and even national decision makers are having to "pay the piper" sort of speak. The party is over.
I think there's some basis to your argument if China responds to the slowdowns with a gigantic geopolitical/nationalistic pivot (scary, but possible) over the coming years- but in economic terms what you stated is the exact opposite of what foreign firms are concerned about. They're annoyed the government has stopped stepping in not the other way around. Lol and if you think "skirmishes" are less a thing in the south-eastern Asian countries ppl are excited about right now vs China proper...lol, dude. 😂
authoritarian capitalism? do you mean China or USA?
Have you been to the place you mentioned? These countries are not enough to transfer the industrial system, and many companies are superficially de-Sinicizing. Many Chinese companies will continue to provide services as they build factories there....
In fact, it is because the cost of Chinese manpower has risen
Rippling effects in a good way for us South East Asian.
Companies of the world move from China to Southeast Asia. Remember the China 10-dash-Line.
Simply said ,great analysis.
Yes , China is a big factor in the Asian growth story but it's not the conclusive one ! .... Other nations are also growing very fast in Asia which means the average growth will still be relatively high ! .... I do think Asia will continue to grow and prosper for the next 3 to 4 decades easily ! .... There is still a lot of potential in Asia and a skilled workforce .... 🙏 .... 🙂 ....
but there is just one country can protect its fruit of development from others in Asia, that's China.
@@pipiqiqi4010 China is vulnerable from inside .... If China goes down it will go down from inside and not from outside ! .... 🙏 .... 😎 ....
china is asia economic locomotive
Can you point the name of the country?
Slowing down yes. But its growth is still more than the rest of europe
That's because China's economy isn't as mature as most of Europe's, but it's getting there. Nothing grows indefinitely and China's economy will learn that too in the not so distant future.
You don't want a country like China slowing down because it will fall victim to the middle income trap. How are so many of you so ignorant. You see China with a higher GDP and you think "oh but it is bigger than the US or Europe" yeah, the US and Europe are advanced economies that is the damn difference!
@@mutkaluikkunen3926 yes it will. But it will still be bigger than europe
You can Haha at the end of your sentence.
Hello Regor, how are you doing today.
Yes, the Germans must be concerned. Consider the significant drop in sales for German automakers resulting from the economic slowdown in China. Despite growing pressure for German companies to pull out of China, direct German investment in the country reached near-record levels in the first half of 2023. However, during this time, imports and exports between Germany and China decreased, prompting speculation about the early stages of a 'de-risking' process. It's worth noting that 'de-risking' negatively impacts trade in both directions.
China auto sales growing, but with the EV. German car sales down not due to economic slow down. It the German lacking of good EV.
No choice but to “de-risk” with Xi’s aggressive handling of Chinese foreign policy….Expect it to accelerate the more fearful Xi becomes over his grip on power….(the wolves in the CCP are yapping at his heels )…
@@NorCalMoDo( As opposed to BYD- and the nasty habit of its EV batteries to burst into flame )??
@@Shineon83so its tesla too. They both use the same lithium batteries.
5%growth of $18 trillions is huge for 1.4 billions people
When China sneezes, almost everyone would catch a cold! 😊
E.g. Covid 😂
China's historic economic slowdown has transformed Asia's economic playbook and raised concerns for the rest of the region. China's GDP per capita has soared from $300 in the late 1970s to nearly $13,000 today, lifting hundreds of millions out of poverty. By 2018, the country's middle class had expanded to over 700 million people, and some forecasts expect it to expand to 1.2 billion by 2027. China's rapid growth benefited many economies across Asia through trade, investment, and tourism. However, the foundation of China's economic engine appeared to crack this year due to its struggling property market and pandemic-induced slowdown. The IMF said a 1% boost in China's GDP contributed to at least 0.3% growth across the entire region. The region is concerned about the outlook for China's growth and how US-China competition is complicating Beijing's economic wars as geopolitical tensions loom large. The nightmare scenario for the region is having to declare their support for either China or the US. The video explores how China's slowdown is transforming Asia's economic playbook and how the people are writing its next chapter.
@marchlopez9934
You said a lot of thing but like saying nothing cause you left out US’s trade war and promoting of geological hot war in the region scare all investments away to the destroy the whole region.
700 million people in China can live a middle-class life? I hope so hhhhhh
Yeah, but Asian countries export goods to China mostly for assembly and downstream processing. That can shift quite easily if the assembly line move to other countries. Whatever that woman said is not entirely true.
You've got ti the other way around, for those companies that were moved to other countries, they still get their parts from China and assembles it in their countries.
I think slowing down may not be a bad news, sometimes when you are moving ahead too fast, its necessary to slow down to take stock of what to change and make adjustments before moving ahead again.
Things like tech firms, housing.. can get overheated and need to review your policies. Its like the rise of SNS and online games can be a social problem with youth, so sometimes they need to curb it's use. And housing also.. too much speculation.
The U.S. GDP growth rate is lower than that of China. Biden: China’s economy is about to collapse
Let me guess, you're a first worlder?
China slowing down means for example African countries lose export market. Means you struggle to fight poverty.
It should simply not be allowed to "speculate" in basic necessities such as food, water and housing. Its been a documented societal problem at least since Roman antiquity.
It’s not the same thing. China can handle a fast paced environment and China can innovate simultaneously. You can’t see the results of your innovation unless you put it to use. It’s what China is known for. The economy has taken a hit.
@@Ashnesss yes it has taken a bit . But here we are criticizing them when every other economy is also badly hit..and the Japanese yen is the worst performing currency in Asia..2nd being Malaysian Ringgit.. and we are all so focused on ..see China!! They are in trouble.. frankly USA national debts hits new high, interest rates are rising and no one talking about USA economic slowdown or possible recession..
CHina slowdown, are you kidding ? What is then EU and Germeny ? Riff of the cliff economy ?
meanwhile the medias in Asia : Germany and England at the brink of recession 😂
ok but to be fair, england is in the shitter too
Slowing growth is not China's own problem. China is still growing 5%, look at the rest of the world. China is still contributing around 30% of the global growth. This is simply an economic cycle. The collapse of the China economy has been around for a long time, and it is still growing.
Have to clarify for you, "the talk of China collapse".
That’s no longer true. In real terms China contributed nothing to global Growth recently and the US 45%
China 5.2%: economy slows down
Germany -0.8%: ......
US 2.4%: China's economy is about to collapse
China 5.2%: ??
Lots of countries would love China's growth and inflation
Yea, but lots of those countries don't have 1.4 billion people to feed.
This is where we are at
Asia is happy china economy collaps
China's slow down is largely due to global demand slow down with ongoing European war, now middle east war and possible next east Asian war. Outflow of investment is only temporary over manipulated high interest rate in the US. Germany is in recession and on the verge of collapsing like all other nations in EU. Jpn's economy is downed for 40 years and US is in debt of $34 tri ($300+ tri in all). China is reducing US treasury debt to invest on gold, pay off BRI project for debt ridden nations and helping smaller nations in dedollarisation thru low interest loans in dollars and to repay in Yuan instead when due.
.
It's not "manipulation" every major country is raising its rates. And nobody in the EU is going to collapse. The war has relatively little to do with rates. That's due to QE and ZIRP for far too long.
Mmm its due to geopolitical tensions, COVID restraints, crackdown on many industries, and yeah, what you mentioned.. oil price rising due to Ukraine and Israel wars
slowing down is defined by comparing with other countries, such as... Germany?
CHINA IS COLLAPSING LIKE RUSSIA.
Now some of ur friends want to make some money they can a bet with u about this claim. And u will loose alot my fiend. 😂😂😂
@@walhdamaskus2408 NO, I WILL WIN.
@@blackmaster999 , reality doesnt come out by word. Let eait and see. American like to dream with their word. Lol
@@walhdamaskus2408 I'm not American. I respect China and prefer China and Russia over America. But China's economy along with the population is going in the wrong direction. China's making enemies with its neighbors is dumb and will only hurt China in the long run. Plus the birth rate in China will likely forever remain low hurting the economy.
Over 75% of foreign money in Chinese stocks has left China 🇨🇳 this year alone.
- Most of them went straight to the markets in South Korea, Japan, and India.
我们更欢迎产业资本，至于股票资金，走就走吧，没有意义
yes, foreign money from all countries went back to US and support US debt
China's cheerleaders coming up with all kinds of coping mechanisms 😂
More like you do😂
@@Rex-ww4cw
Cope harder 🤣🤣🤣🤣
@@tonyazzaro9593 you talking to yourself ? Nice to know that you have some self awareness 😂
@@Rex-ww4cw
Lamest comeback ever 😅😂🤣
@@tonyazzaro9593 said by someone who just replied the same thing as the original comments😂
if china's 5% growth economy is slowdown, what's the german's 0% growth economy? lol
How can china keep it's growth when the whole world is not growing too and not spending.
Which top 3 countries China exported to before COVID? What are the percentage of imports now?
China slowing down will not be Asia slowing down as the other powerhouse economy India will now pick up pace, It's India's time now to propel Asian and World Growth Rates
Hello Milind, how are you doing today.
Indian economy would be next growth sector true but the influence of Indian economy on regional Asian or even global economy can hardly be seen as India remains a very closed economy isolated from rest of the world except the export of their talented human capital which are largely cheaper for developed countries
there’s ways to circumvent the export restrictions on the chips like how ships sail under a different flag
What about Germany?
Imagine what a democratic China would mean for the world.
This will end up being a good thing for the region. It will force them to be more intertwined with one another than just with China. In addition, the phenomenal growth experienced by China could never be maintained. That kind of growth was only possible because they started from such a poor place. Now, their growth will need to earned the hard way - through true new innovation, which is always difficult. Welcome to the top tier. It's not so easy. In the long term, China has major demographic challenges, so that's one more reason why the region needs to diversify. We'll see what China is made of in the coming years. Have they peaked? Time will tell......
This report gives too much emphasis to china's economic might and its downturn's consequence to other asian countries. That is far from the truth. Chinese slowdown doesnt mean every asian nation will go into recession or experience slower growth on the contrary, chinese slowdown has boosted the economies of many asian nations. Foreign investors who pulled out of china has transferred operations to vietnam, indonesia and elsewhere in southeast asia. Many countries in southeast asia are experiencing increased gdp growth this year and forecast to continue next year wtih Vietnam, philippines leading the way. Philippines gdp growth has surpassed that of china and china is not even the philippines' biggest trading partner. Whatever china lost, southeast asia gained. But of course there are some countries who will be greatly affected like thailand. Thailand relies heavily on tourism specifically chinese tourists. Laos who depends on china for its lifeline.
But of course, it would have been better if china;s economy continue its rapid growth but with its leaders expansionist policies and ultimately global ambitions, china's focus is less on economic growth or chinese people's welfare but their personal ambitions. World will be better if investments are spread out to more countries rather than centering only on china. This would mean more equitable wealth distribution
Step 1: US imposed 1000 sanctions to Chinese Firms. Step 2: US impose "decoupling" strategy, Step 3: EU imposed "de-risk" strategy against China, 4: US/EU: China economic slowdown!! from 6% to only 5%, it is dangerous!!
Chinas economy is Not teethering, inspite of any amount of wishing of such media reports. Its real estate market is taken a bad hit and expectedly so. But its consumption hasn't collapsed either. Even if China grows at 4% its equal to 3% growth of US, 20% growth of India, 4% growth of EU. And none of these are near that growth. So even with its 4% growth China is growing faster than all these big economies
usa grew 5% last quarter. the gap between GDP of china and the USA is growing further apart
If you understand mandarin, what the local Chinese are coping with slowdown is shocking. Self denial in no way can change any fact.
US GDP includes inflation@@WonderfulLidoff
If China’s economy isn’t having problems, I guess we don’t have to worry about huge real estate businesses collapsing, giant wealth management shadow banking companies being insolvent, provincial debt growing to meet unrealistic growth targets, massive youth unemployment, and slowing manufacturing. That’s a relief!
@@kwokleongawyong2895it isn't, but that's the Chinese way of doing things. Sucks for its citizens, but it's a painful thing that the world has to bear until things eventually get better - with china no longer at the fore
ASIANS LIFE IMPROVE, WEST DECREASE, HEAVEN REJOICES
The Western world trying to decouple/derisk and sanction China. Geopolitic tension are causing cash outflow. Many European countries have recession now. Chinese are known to save money for rainy day, so stimulating spending a bit tough. They have the Real State issue too. If you add all those up, they are bound to underperform a bit. This will have ripple effect not just in Asia, but the entire world.
XI Jinping is a dictator, you have freedom of speech and human rights in China, we are jealous
I think the biggest thing you're forgetting is them pissing off there trading partners and the populations in those countries. This makes businesses and governments look elsewhere.
@@acriticalvegan6164 can you explain to me how did they "piss off their trading partners"?! what did they do exactly?
wasn't it Trump's administration who started the whole thing by harassing China with trade tariffs for no particular reason?!!
@@jasoncullen8430 What about way to spin things around. Cash outflow is caused by geopolitics and has nothing to do with trusting the government. The government has not change at all, otherwise the West will be jumping for joy. What change is the rhetoric of anti-China sentiment. Many of the European top trading partner is China. When ANY country is in a recession, they dont buy luxury goods whether it is from China, Italy or France. What you buy is necessity such as food & fuel. Your 3rd point..... would you rather the govt do a handout to everyone, then massively print money to the point of inflation?
@@acriticalvegan6164more like the US doing it than China.
Australia is not a very high tech country. Either real estate or natural resources.
Economy is a strange thing... Generally the economy always get more people who works in it more efficiently with better technology making products cheaper and better as time progresses.
How can that possibly add up to less money for society so often? Its illogical. Something must be very rotten at the core of the worlds financial system.
China's money is available with no strings attached...
Me: 🤔
Why do we expect constant growth? Its unrealistic. Can we just chill and enjoy life? Quality is better than quantity
Are we just forgetting Índia as a Power House in the region? Biggest young population, English speaker, open and Democratic.
Population alone are not enough
If Germany has the same growth speed, how will the DW celebrate?
This is the first time I've heard the term "Friend-shoring".
If countries that don't bully their neighbours benefit from this, it's long-overdue.
The DW title should be : US down, EU down and China is still up.
It should Be. China's dream to surpass the US goes down together with their Growth😂
In the upside down world, that’s correct. In this world, it’s US up, Europe stagnating, China down.
@@BisayangdakoVlogzYet Chinas growth still exceeds the US and EU ....
@@MD97531 China's growth still exceeds the US ...
@@IbrahimNgeno again if you believe CCP figures, and even then it’s still being outpaced by US economy due to falling Yuan (look it up). In truth with consumption, housing, exports, investment all struggling, it’s debt fuelled overstated growth (who knows what the true growth rate is other than that it’s lower than reported). And yes the US economy is debt fuelled but it’s high income versus a debt fuelled developing economy with falling population.
Its largely a zero sum game - China’s loss is someone else’s gain. An investor with expansion in mind will not look at China’s slowdown and decide to delay that expansion unless that expansion is specifically tailored to Chinese domestic consumption.
DOES DW REALLY THINK FOCUSING ON CHINA IS GOING TO FIX GERMANYS ECONOMIC? CHINA HAS BEEN COLLAPSING FOR THE PAST 30 YEARS.
do you think that focusing on Germany's is going to fix china's problems?
6:10 did he really just say when China sneezes Asia catches a cold?!?! Try the whole world. 😷 😂
Our two votes on lisbon was more more democratic than anything Britain has ever voted on.
We had a citizens assmbly to find out why we voted against Lisbon 1. Went to the EU and negotiated changes that we citizens wanted and then voted on Lisbon 2 with the changes we negotiated included.
We voted in favor then by a whopping 67%
That's about as democratic as you can get, pure democracy.
As Chinese, I am so glad to see so many foreigners across from USA to Europe are so curious of Chinese economy although we are quite lessly concern yours.
Could you please pay more attention on your Auto industory development problem and earn more money from China to sustain your GDP rather than lecturing.
Hello Fred, how are you doing today.
你错了,他们想的是中国到底什么时候崩颓,实际上他们对我们一点善意都没有
崩溃
Open-market system is still the best.
Why as a Chinese I have totally different feeling and understanding about current China economy? Under the leadership of Xi, China now has the best time especially for the High-tech industry. About 15 years ago it is very hard to find high-tech job position in China like IC design or electronic Hardware design. Almost every ICs are imported from other countries. But today the students have tremendous opportunity. we understand we cannot rely only on the other countries, we must have our own. Real-estate cannot be the pillar for China, it is not sustainable. But high-tech is our future. Therefore, the short-term slowdown makes sense and the resource must be put to right place and industry.
Honestly I really like Mr. Xi's policy. He focus on the right thing and the future, not like his predecessor Mr. Hu or Jiang, only short-term for real-estate. If his policy comes 15 years earlier, it would be perfect!
Xi wasn't a student of Tsu. He is a shallow maoist. He shouldn't have started the belt and road and make in china 2025. He should have played the fool while investing maximum in chips and jet engines. Jiang understood realpolitik and played his hand well. Hu was a CCP automaton who did as told by the greedy party members. The housing bubble should have been arrested in 2008 when it first appeared. He should have agreed to stick to 40nm and higher while secretly funding research. He would have delayed the decoupling by at least a decade
@@HeegooatAmerican is not a fool
China is rising Too fast
And you expect American will not know it n will not try to stop Chinese economic development
Even Japan Who is under total control of America
American still stop Japan economic development
When Japan become second biggest economy in the world
要吐了
@@zhangsian519 我觉得吧，这政策真的走对了。美国的对华态度反应就能看出来，转型向高科技高利润产业。长达30年的资本无序生长暴露很多问题，现在要放缓解决。放低长也是政策主动打破的，出了个三条红线，防止房地产泡沫
@@zhangsian519 西方很多不理解中国的经济转型，不知道中国不是市场经济，是计划+市场经济，中央是可以用政策调控的。
You say there's a "slowdown" in China, and yet you also say that the Chinese middle class is projected to grow to 1,2 billion by 2027...
Well, maybe the slowing of the growth of the raw GDP numbers doesn't mean much, and there are actually more important things like the availability of goods and services? :D
Western Media just never reflects the reality one can witness while in China. Everyone who travels to China says the economy looks like it's the very opposite of slowing down. When you travel around China, you can see growing prosperity in every Chinese city and village, and almost weekly upgrades to infrastructure, business-, cultural-, and leisure- districts, countless of opportunities to work, even in the smallest fields such as philosophy, where the West barely has any job offers. Meanwhile the economy in Europe and other western nations is going downhill. Even people who once lived stable lives with higher incomes have to lower their standard of living significantly due to rapidly increasing costs of living. Energy, food, housing, services, transportation... everything is becoming incredibly expensive in the West even though the people work harder than ever before. This is not the case China. The West and it's media lab dogs clearly try to distract from the situation in the West or at least to make the West's situation look less bad in comparison to China. Reality is very different though.
👏👏👏👏👏
China has been an assembly entity based on cheap labor.
There are cheaper alternatives, all the time... it's been like that for centuries..
至少学一点历史，抛开被侵略的近200年，中国千百年来都占据世界领先的地位。中国的强大是历史的必然。
Most Asian countries are tired of China being the global manufacturer and THEY want a piece of that pie, and at least Vietnam and India are getting pretty big pieces of it.
I don't think the slowdown is going to make much of a difference to most the world. It WILL to investors who unknowingly hold stock or bonds in China, because large firms invest in China, but to the typical person throughout the world, not so much. The slowdown in China is because of a failing housing market which has been a PONZI Scheme and manufacturing moving out. But India and Vietnam can BOTH manufacture products for less cost than China so while there may be some disruption to certain markets as manufacturing moves out of China, it's nothing that's going to be critical to most people.
Its likely hight end tech firms still invest in to china and low end product will goes to some where else cheaper labours, but not back to Europe or USA. Still 1 % china growth is like the same as india or vietnam 5% growth. Chinese production chain, technologies, skill labaours and scale are stil the world top 1.
They all are so good till money hits their heads and then they are just casual forgetting the purpose to serve humanity 😅..
Depending China trade is always risk for once own country business
Let us see how much Germany economy is rely on China?
How dare China only grow at 5% YoY？
Financial instability always has a chance to start war. Let's see what happens.
China's economy is facing structural issues, which can only be fixed by regime change. Taiwan 🇹🇼 can help!
Don't think little taiwan can help themselves, I'm afraid.
I feel like they are exaggerating tbh..they seem fine to me!!
Greed is China's biggest challenge, thats why their is so much misallocation of capital. Greed is a cultural problem, and it often in fact stems from an impoverished social upbringing and education. In the case of China it's also BUILT IN to the countries system of governance. Then there is the fact that the Chinese Government have no real understanding of capitalism outside of the idea that its just a game it has to win, and therefore has been winning for a long time whilst violating the very principles that underpin a real capitalist society. Principles such as honesty, integrity and motives that go beyond the simple need to profit. Profit at ANY cost is not a long term success strategy. Real success comes from understanding correct principles, such as honesty, integrity, SERVICE and genuine passion for ones chosen field of service or production. Chinese culture seems to lack the passion needed to succeed LONG TERM.
Have you been living in China? You seem very convinced of your conclusions
@@fdevaa Thanks
I m sorry.... I live in a decent first world country, and the greed you talk about I see in our society (read: businesses) too. So in that respect I do not think there is a difference in what you call "principles".
Over here (in the Netherlands) the Principle of business is to make as much money as you can. I see it in the banking and insurance system and in many other fields, including the travel business where my wife works. It s all about the MAMMON.
In your intended definition of capitalism I believe you totally miss the point. My take.
@@andreverwoerd1378 You got it correct in your FIRST sentence, but you totally miss MY point about Chinese culture and the soruce of that which is it's governance. People from "decent" first world countries use to have principles of deceny, even whilst practising capitalism, although i take your point that those values are in decline in the west as well, likely as a result of trying to do business with China! Where the breaking of the rules of fair trade is endemic from top to bottom, due mostly to generations of an abusive government. Its interesting as you can see simialr problems in other countries. For example look at Russia, who put the biggest psychopath in history up on a pedestal and called him "the father" of the Nation. Today that nation has also got society wide intergenerational and likely permanent trauma, making it a nation of violent and often deluded people who justify war in the name of empire building. China's issues are deeper and more subtle but lying and cheating like the Ferengi is the norm when it comes to making a profit, and has been for a thousand years. Westerners should not be doing business with the likes of China, unless they are prepared to become China.
China, Russia... Maybe you can say something about economy of Europe countries?
I think they did. Both Germany and UK are in recession.
Why, is whataboutism going to help china?
@@cinpeace353 France, Spain and Italy are still faking their numbers to escape the recession stigma
@@thegreatdane3627"Whataboutism" is white colonizer-speak for "don't look at our failures".
@@cinpeace353it's good but i think in Europe there are more countries than 2 😊
Hey it's still +5%..
+5% of 18T is almost equal to entire GDP of Switzerland..!!
Every year.
As simple as that.
Seriously it's not even a choice for India. Definitely prefer trade with the western world.. the ccp is impossible to trade with safely and securely anymore.. taiwan, Vietnam, Australia etc are waay better to deal with in south east asia
Seriously, China is India's 2nd biggest trading partner. A choice or not, have to face the reality. 😅
@@cinpeace353that is setting ASEAN and EU aside. Technically the 4th
@@balern4 FYI. 2023 data not available yet. 2022 data from Chatgpt:
BRICS (Including China): about $142B
China: about $136B
US: about $119B
EU: about $116B
ASEAN: about $110B
Note: The BRICS data seems to be too low. Not sure how reliable the data is. Estimated about 40-50% increase with EU in 2023 because of buying and selling Russian energy to EU.
@@cinpeace353 data of 2022-23 IS available. Check Wikipedia. Not ChatGPT 💀
You can’t just put all the eggs in the same basket.
0:45 there is no "US v china competition" no country can truly compete with the US in almost anything.
0:50 what countries are having "a nightmare scenario" taking sides and in what way?
traditional US allies in asia don't have any problems working with china if it benefits them partly because their relationship with the US is a given.
11:00 china is not "a superpower"
state of events in Germany are projected as asia having problems.
Finally it's happening! Now Taiwan has a chance to take back the Mainland.
Nope, the Chinese millatary is a behemoth compared to Taiwans military
Only the west left like Nancy pelosi are still dreaming of that, they couldn't win against peasants farmers with very little equipment compared with the billions of AID the US give to Kai and still losing the civil war and after years of harassment and intervention on China the US didn't accomplished nothing not even revolution in tibet or xinjiang and after all the mess the US give up and started negotiate with the CCP because they earned the power they have by protecting their borders and having the support of their people even in the worse years they have in power.
@@SUPERPOWERCHINA_ I agree China really powerful😇
🤣🤣🤣
😂😂😂😂
What they are not telling you is that, China is till the largest growth story compared to the REST of the WORLD. 2023 GDP IS 5.5 percent and next year is expected to be 5 percent while the rest of the world is either negative or low 1 percent gdp
Hello C Kong, how are you doing today.
China 2023 GDP growth should be around 5%. Meanwhile for Germany, maybe less then 1%, or even negative. Good luck.
it'd be better to also invite companies which are willing to invest more back in china, for example hong kong companies, so as to provide a more comprehensive view for audiences. besides, chinese tourists are not going to thailand is not because of economic factor (more like it's about the horrifying stories of KK Complex), to my understanding, they go straight to jp now
I think Europe, Americas, and Asia is in the prime region on earth to do work. Africa, South America, India too hot to build factories to manufacture. Asians put premium on education. This is not prejudice, it is a data proven fact. It is needed region to solve climate problems.
Slowed down economy is still much better than Germany’s economy. So spend more time worry about yourself, DW
Government need to fix the citizen job's salary to stabilise the economy base.
Still faster than Germany. I do not know what you're talking about?
Summary: other Asian economies are entirely dependent upon China for growth. The Chinese growth this year is "only" 5%. Therefore...other Asian economies are...better to invest in...?
You're so wrong IS march 2024 and China IS "colapsing" with 7% growth
DW always focus on China's economy more than German's lol. Just like a clown🤣
Are you lying on purpose ? Dw always reports about the current state of German economy and not In a favorable manner. The answer most of the time is to reinvent itself. Not about scapegoating others unlike china.
This analysis is so bad
Shouldn't Germany worry more about its own demise in terms of the economy and not having cheap energy resources like it used to with cheap russian gas???
OMG. A China slowdown is troubling for DW so
they create like videos after videos for it but a recession in Germany certainly doesn’t worth their time.
5.1% is too slow for China???😂😂......Cry harder please
I remember there is a country that import and export worth of its GDP each year.
I believe there are not selling algriculture or organs.
They make stuff, and they need energy.
Is it true that in year 2023, that country electricity generation have reduced about 10%?
I think there's a cultural element here that could have been discussed. Chinese people are notoriously frugal and two decades of EXPLOSIVE growth in quality of life, incomes, property ownership, etc wasn't enough time for consumer spending to reach even half of what you'd see in a western country (lol quarter what you'd see in America) with comparable growth metrics.
The explanation is anecdotal. A more objective way of looking at the business environment is that Chinese people simply keep far less of a share of GDP as wages, and are therefore comparably poorer despite living in a country with an enormous GDP. If you think about it, there are similar 'cultural' factors at play in every economy that is majority-export. Germany, Japan, Korea, China - all supposedly frugal, where in reality households just have less $$$.
Instead of badmouthing & belittling others, yes DW please " honestly talk about the collapse of the German economy ... "
What collapse?
@@thegreatdane3627German industry is moving overseas, along with the rest of European manufacturing.
@@gfys756 99.3% of all companies in Germany are small to medium sized. They can't move, they would just close. But bankruptsies in Germany remaims below average, so that is clearly not happening. It's just wishful thinking buddy... 😉
@@thegreatdane3627 You'll just be a service economy then. Like the USA, but without the military power or world reserve currency...
This is what they do. The promote a narrative that serve them like the Gaza conflict.
DW often tell you they worry about a country's economy whose increasement is 5%, when its own country economy is declining😂
China's economy is really bad, as it's GDP is expected to grow by 5% in 2023. Its exports to EU countries are not doing good either. FDIs from Europe into China are dropping as well.
Thats mean more bad thing for germany economy. Dont laugh at that thing.
How about EU economy specially Germany?
You can’t take the country back 50 years culturally, and not expect the economy to follow.