Very full dimensions of trends prediction! I agree the directions you highlighted. I would like to add one more: culture confidence. With China open doors, more and more travellers will come and go overseas ( not yet but will be very soon in my view). Chinese people will have different view after the 3 years isolation. With many mad western medias, Chinese people will be more culture confident and drive stronger the own way. Not pushing away western standards but they will more carefully select the suitable ones and believe there will be not only one way to develop. Innovation and. Creativity will be boosted with culture confidence.
@@PascalCoppens ... Y.... R.... U... 2....ß.... Optimistic on ¢h¡πα can Any1 TrustWorthy with the WhoAnViras that Dictact 4'r ßullying On it's Own Business. & WorldWide ..!!
Looking into Southeast Asian countries like Thailand, Vietnam, Singapore, Cambodia, Philippines, Malaysia and Indonesia where we can expect the most about receptions
i think companies moving out of China because of US pressure will come to regret later. US knows china has 4 time the population to sell to China will keep growing. china will reduce export and import with the US while selling off US Debt. Thanks again Pascal for your analysis. US had 200 Year advantage over China and Russia but they both trying to stand up on their own now. maybe take another 20 years to control their own economy and less depending on US dollar.
Consummers in China are poor. The cost of shelter in China is ridiculously expensive. 40-50 times income in tier 1 cities. 80 million empty housing units. Demographics are working against China. Low productivity and rising wages.
@@jeffreyoneill4082 Marketeers look at it differently. China has a middle class numbering 700 million (twice the total population of the US) and growing. As for demographics, they have already lifted the one child policy. With automation and AI playing a bigger role in industries and even the services sector, unemployment would not be such a huge problem. Where did you get the idea that China has low productivity? Just compare their speed of construction of big/mega projects and you will realize that you couldn't be more wrong.
The masterplan is to increase productivity with innovation to counter demographic challenges. It could work, but that also means China needs world to sell products to for decades still.
@@PascalCoppens Y.... R.... U... 2....ß.... Optimistic on ¢h¡πα can Any1 TrustWorthy with the WhoAnViras that Dictact 4'r ßullying On it's Own Business. & WorldWide ..!!
China is taken as a role model for social development, in the vast majority of the world, so do not confuse the whole world with a very small subset i.e. the west and its media
Thank you for an objective and balance assessment of China's future. I too am positive on China despite the various weakness n flaws you have correctly pointed out. With time, I trust that your assessment will be proven to be right.
Farsighted, well-reasoned, balanced, and informative presentation, something very much absent from most of the Western main stream media. Thanks for that.
China's version of metaverse is different from the west especially American. China's metaverse is more about better user experience and service. It is more about bringing the virtual world into the real world. The American version is more about market dominance by a few corporations. It is more about bringing the real world into th virtual world where the social media platforms have total control.
@Mark C Can you please substantiate your claim that Huawei has backdoors or intends to surveil people? Why has every study including those done by UK prove there is no backdoor? You do realize the reason it was banned is because America doesn't tolerate peer competitors, right? You also know America is the biggest surveillance country on the planet? Sheesh
@@dunzhen Why must I substantiate it and you are putting words into my mouth. In general, I am trying to put across why the US and some Western puppets especially the Anglo-Saxon gang were so afraid of China's market dominance in high tech.
I think China will still be the factory of the world for a long time. China is the only country that has huge population, advance infrastructure, very vast amount of logistic and supply chain, ect all together.
I agree, but for me the factory of the world will become more about smart workers than hard workers to make a difference. For hard workers, there are many alternatives in the world already, but I agree supply chain is not adequate in many of those other places.
China effectively subsidies it's manufacturing (supply side) of the economy. It will remain the cheapest place to make certain things. This comes at the cost of the population and the consumer side, or social policies like education and pensions. Also relying on exports means you are relying on other nations buying your stuff rather than your own population buying it. Internal Circulation is a policy to remedy this but the CCP find it very hard to make it happen.
I"m from ASEAN...No... companies leaving China..if there's any..which i hardly see much...will backfire.. Sorry... ASEAN simply doesn't have the same efficiency and infrastructure, supply chains to pull it off It's all hype only. Vietnam would get some business though. On the contrary, i see companies entering into China instead ..i mean past two years. Volkswagen just extended their mini cooper production in China last year
As usual, Pascal has this incredible ability to cut across cultural and political barriers to analyze China as objectively as humanly possible, much more than any other China experts I am aware of, from global north or south. One point I would like to add is that a significant part of China's resources will have to be diverted into the arms race as it becomes clear that US is doubling down to contain and even damage China economically and militarily using the Taiwan card (not unlike the Ukraine crisis).
As usual, Pascal has this incredible ability to cut across cultural and political barriers to talk a load of shit, much more than any other China experts I am aware of, from global north or south. One point I would like to add is that a significant part of China's resources will have to be diverted back into the ground due to the lack of customers. !
Thank u very much for a crystal ball look into the future of China and of the world. Would be interesting to see which of the 10 trends move faster than the rest and how many of the 10 trends comes true and if there are other trends that will emerge.
Pollution issues are the most straight forward to resolve. More investments in green and renewable energies, such as solar, wind and nuclear. Many so call off shoring rely on Chinese component/supply chain. South to South trade is accelerating. South-east Asia has become the largest trading partner of China.
Happy New Year and thank you very much Pascal for producing such insightful video. I am a HKer living in the US and I really hope to travel to China soon to experience her mind blowing advancement!
Insightful trending analysis and great predictions moving ahead that I basically all agree with, except I want to add one more prediction in yr 2023 geopolitics dimension which is the start of get out of the grip of US will/control on bloc confrontation between Europe and Russia. Europe autonomy arising from the grassroot for collective and indivisible security including Russia will eventually surface up after heavy suffrage from de-industrialization and de-population that all lead to de-wealth of European countries.
China is not much hurt by American chip sanctions. In fact, it makes the Chinese to work much harder and the government eager to pour much resources to help its chip companies. As a result, China can now produce 14nm chips purely and without American technology. China's SMIC with its N+1 technology is able to produce 7nm high end chips. China has just pushed out its Chiplet Standards. With the Chiplet technology and N+1 technology, China is back to producing, actually 4nm chips for its high end cell phones. Huawei will come out its 5g mobile phones again. This will happen, probably in 2024
Have to praise you again, wish that you can be a lecturer in some universities or higher learning institutions.your narration or speech can be so easily absorbed even without paying attention to what you said. Your notes is simple with full meaning and can understand and be remembered just by being spoken once. Can one imagine the students who will be under you.Your style of presenting the stories is catchy with attraction and with insomnia ingredients, the wakening attention pulling effect . I am a elderly man and not a clever learner even during my school days. I can absorbed and remember immediately what you have spoken so far thats why l am qualified to gauge your effectiveness. You can be a very good teacher.
I'm usually not a fan of predictions, but still a great video. How do you think the consumer mindset changed during the Covid lockdowns? I know a lot of people had to dip into savings to get through when they couldn't work, but I'm not sure if this means people save more, since people in China already save a lot. Or maybe they'll spend more after the current push of consumption after the lockdown.
My feeling is that savings will continue for a while because Chinese got 3 years of worry they had less before. It will rebound once economy strats picking up again. My best guess is consumption increase will be more visible in 2024 than in 2023. That said, the middle class is sti growing, and with focus on 3rd and 4th tier cities this could be new consumption growth factor as well.
Chinese has the highest saving rate in the world at 45%+. if they don't screw around with stocks or other get-rich quick schemes. as one of my friend's friend, a stock broker pointed out, the brokerage always comes out on top whether you win or lose.
@@PascalCoppens Y.... R.... U... 2....ß.... Optimistic on ¢h¡πα can Any1 TrustWorthy with the WhoAnViras that Dictact 4'r ßullying On it's Own Business. & WorldWide ..!!
@will engel The Chinese stock market is not as well developed compared to New York, London or Hong Kong. The best method of investment is housing. That's why the housing crisis may hit China hard.
@@willengel2458 High saving means less consumption (internal circulation) the savings go on investment empty apartment blocks or roads to no where. Transfer the money instead to the people and they will buy consumer items and make their lives better.
outstanding analysis, so much value packed into ur presentation. much apprciated. one observation - a huge almost insurmountable obstacle - at least for now - to ch reaching fully indepedent and competitive high end chip industry is the us driving the decoupling of western tecch flow to ch. this policy can only tightenn. i might also add that ch faces a huge shortage of trained IT manpower which is another bottleneck. 👍👍
Your points are not far from facts on what is going on global stages. But countries are forced to take sides, countries that were not expecting to be cornered as the world is today. Some countries from the north hemisphere may not have choices but follow the southern developments as many colonized countries had to follow western steps out of choices for centuries.
Regardless how us politicians analysis and portrayed china as threat or made all sorts of negative narrative about china and try to do whatever it can to deter china developments bottom line going keep travel their own path
I am a chinese young person.What you said is reasonable in some degree.But as a chinese, the high unemployment and the low borth rate will change the political status of China.
I more interested on digital currency or BRICS currency ,China must focus on fastening the process of dedollarization together with Brics and members of BRI countries , de dollarization is not going to happen overnight its not going to happen even in a few years but we all knows it is not only happening it is accelerating at a faster pace , dethrone the USD avoid sanction, its the only way to guarantee China's economic future !
If you’re not engaged in business at a fairly high level, it’s not easy to understand “de-dollarization”. This is neither a new idea or a new mechanism for China. The December visit of Xi Jinping to Riyadh has enormous consequences for the USD. A part of dedollarization seldom understood by casual observers is that China has been using barter-like arrangements since the time of Mao (China had no USD). Today, barter arrangements are extremely sophisticated - driven in part by the fact that China has TOO MANY USD. A very different world indeed.
@@100c0c you’re.showing your lack of knowledge (not surprising, you’ve never worked in finance or export finance, and neither has Prasad). You really think a professor’s claims PRECEDE trade arrangements between parties? Do you think that trade along the Silk Route required the blessing of academics or a multilateral national organization? It’s not surprising that bankers and financiers USE professors and scorn them privately.
The English title of your book was a mistake as it’s highly offensive to the Chinese and reeks of certain titles that appeared in the US in the 1950s. As the competition today (versus 15-20 years ago) to get Western titles translated into Chinese is so enormous, you may encounter some difficulty. Nonetheless, in general you show understanding of several of the key lines of thinking in the central government. Incidentally, the latest information on Jack Ma is remarkable - an intrinsically Chinese story that needs telling in English.
I hope you are right about all these issues. I think it is a direction that China could go to. One factor to add that could lead to going in a direction of a high-tech society in China is that Chinese students really excel in STEM subjects. This is a huge advantage that China has compared to the rest of the world. There are also issues that I am less confident about and that I don't see how they can be solved in the short run. 1: The zero-covid policy with its PCR testing and lockdowns has caused enormous debts for the local governments. Usually, the local governments' investments in infrastructure and other projects are very important for the economy. Currently, basically all local governments are bankrupt and something must be done to solve the debt problems in the governments. A problem that we start seeing now is that local governments are starting to implement new taxes on SMEs to get the current account balance in order again, laying another high burden on the private sector in 2023. 2: The real estate crisis. The value of real estate is still totally overinflated and I personally really don't see a real solution for this problem, as it got already out of control. Sooner or later this is going to lead to a disaster. Local governments also rely on the land lease to the ever expanding real estate sector. If the projects come to a hold, the debt problems of local governments will get even worse. 3: For all of the positive developments to happen, trust from the government is needed in their own people. In 2021, we have seen large crackdowns in the education and tech sector by the government. In 2022, the government controlled its population with lockdowns, PCR testing and QR codes. The question is to what extent the central power is really confident enough to let some of its own control go in 2023, in favour of economic development.
Comments from South America. 1) Pascal disdains following China challenges: 1.1 Acceptance of stronger India. 1.2 "Accomodation" of regional "westernized" players: Japan, S.Korea, Taiwan, Australia. 1.3 Integration to Rusia + muslim countries. 2) Open questions: 2.1 BRICS expansion. 2.2 Inevitable higher relevance of Africa & S. America.
Well, the thing is, while they are decent topics, they are not for 2023. They're more like topics for the next 10 years. 1) Challenges 1.1. Acceptance of stronger India: India is becoming stronger, which is a great thing, but China and India are in fact not really fighting over anything major right now, so this topic is unlikely to be a major thing in 2023. It's not like India suddenly released a BRI alternative or declared war or anything. 1.2. Taiwan aside, there's nothing particularly major or new happening with the other "westernized" players apart from them following the lead of the US on chips. That's covered under Trade. 1.3. If by Russia you're referring to the Ukraine war, from China's POV it's someone else's business. They may end up trying to do something about it, but it's not something that directly affects China That much. If you're talking about trade as usual, well, it's trade as usual. As for Muslim countries, it's great that there's more peace in the region, but for now those countries first need to figure out how to move forward by themselves. It's only after that China can do stuff like expand BRI cooperation. 2) Open questions: 2.1. This is covered under "Trade" and "De-dollarization.” Also, this is a slow long-term thing. Imagine a few more countries join BRICS for example. By the time the negotiations and the who-does-what is figured out and something actually concrete starts, we'll likely be in 2024 at the earliest. I mean, BRICS has been around for How long? How much have they actually done in all that time (not much, these things go slooooooow)? 2.2. This is covered under "Trade." Again, this is a slooow long-term thing.
Sadly on your first point you contradicted yourself so I stopped watching. You say tackle domestic problems first then proceeded to say that they would focus on international reputation lol
Try talking about demographics, the lack of people of working age within ten years, the fastest aging population in history etc. These are key drivers of China's eventual success. The fact is that their population is halved by 2040. And Xi knows this.
Sir, who will be the new market for China if the West is removed from the equation? Tragically the rest of the world has very little money viz the West. So even if the numbers may be high in the rest of the world, their purchasing power is still very poor.
You forget that numbers make a difference the west account for only 12% of the world’s population so technically if you sell to the world the consumption from the rest can be 4x less and it would be on par in value with the current exports and the more trade happens the more they will grow.
Peak China just passed with first year of population decline! 2023 could be much worse with COVID? Young Chinese do not want factory jobs but more smart jobs but with 20% youth unemployment seems the CCP has not addressed this yet? Many belt and road investments going very bad with countries finding difficult to pay eg Pakistan?? Over investment internally in China coming to an end-housing/railways/airlines/cement/steel etc... Need to invest more in Healthcare in China as well!! Global trade volumes seem downward as countries struggle to be food and energy independent. Mass consumption of "cheap"goods maybe only in poorer developing countries?? 2023 could see more investment in food and the rural economy which has been overlooked in the past Chinese growth?? Present Defence spending trends is rapidly increasing with US producing best quality weapons but S.Korea, Europe and Maybe Saudi Arabia developing their defence industries. US no longer putting boots on the ground and biggest danger is the transport on the seas which is no longer guaranteed by the US??
@Simon Pannett Unemployment rate in China 2010-2027 In 2021, the rate of registered unemployment in urban areas of China was estimated at approximately 3.96 percent. The unemployment rate is projected to reach 4.2 percent in 2022. Quarterly unemployment figures indicated a growing trend in the first two quarters of 2022. (Source: statista) How about show me the data support your claim and the source of the data? The age under 25 dose it mean between 16 (minimum legal working age) -25? Or 0-25? Not many young people work at the age between 16-18, the most common working age often after 18, because usually at the age of 18, majority of the Chinese young people likely take part in their National Examination (Gao Kao 高考), should these students fail to achieve the minimum score for enter university, they may look for a job or seek of alternative continue education. If you know nothing about China, I suggest you stop making fool of yourself.
The experts in China are already saying 2023 is going to be the year for recession. recovery will be 2024 n 25. 2023, this year is gonna be painful for everyone. I wonder if automation would solve the demographic problem China is having.
I don't think 2023 will be a year of recession for China. Apart from the bounce back the Government is politically comitted to 5% or so growth. If natural growth doesn't reach that then they will use debt to fuel infrastructure and pump the GDP. That is more likely to happen in 2024 than 2023.
@@Andy-P China has already slowed down the last 3 months. The chinese experts I read are predicting a global recession for 2023, not just for China. The western experts I read are predicting the same.
@@thesheepthemightythecrazy I agree with with what a lot of what you say here. But we will have to agree to disagree on China's growth prospects for 2023. There is a lot of post covid slack plus the government willingness to 'buy' GDP growth with debt. 2024 will be a different story. I could be wrong and you could be right.
@@PascalCoppens thanks for your acknowledgement and query. (1)I think that the world at large and US and its allies specially, have fundamentally revised their view of China's intentions. (2) China has created fundamental insecurities all around it upsetting its entire neighborhood. (3) Countries that support China are totally dependant on it like Myanmar Pakistan and North Korea which are not going to be any help but will only stretch Chinese finances and military even causing severe financial losses. (4) Sanctions and chip war are seriously denting the Chinese ability to do and create hitech solutions on a long term basis (5) As regards trade, there is an effort by all- whether western, eastern, African or even the latest show case Middle East to check and recheck the terms of trade with China. (5) As far as financing and Belt and Road initiative is concerned it is facing serious loss of confidence as global recession and other factors are creating insolvencies in the client states. (4) The Russia - Ukraine war is a war of attrition. It will continue to obstruct any efforts by China to come out and revise its image for a much longer time than anticipated. (4) Finally the impact of Covid and its handling will have repercussions for more than just H1 of 2023.
Pascal why don't you ever mention the Uyghuers? Do you even remember the 2.5 million of them who are now in work camps inside the china/ccp? Why would you encourage China/ccp after what they are currently doing. You never mention the fact that china can not protect is own shipping, as there navy can not accomplish the task at hand.
@@EPFForsyth i suggest you go on holiday to sinkiang and gather objective facts with your eyes and not fake facts spurned by your MSM.look at all the ban on chips against china to stop china rise?is that fair competition trying to trip your competitor,china instead of competing ?the ban on huawei by america is because of its better product than apple and cheaper offering as well? you live in the best country by exploiting the rest of the world and printing confetti dollars to buy real goods from the world?with no intention of paying back?that is the reason why china and russia will be ganging up to put an end to your profligacy
@@spade1974 Rotflmao I knew you were another mss bot...lmao...china will collapse in 10 years less then that when they try to invade Taiwan in 2024. You can tell objectively by the amount of people that follow your channel whether or not your being real honest about china/ our world. china is a dying and simply due to demographic collapse there is nothing the ccp can do to stop it from collapsing. And I will get to watch it happen...
@@EPFForsyth i would have thought america will be more likely to collapse during the next few years with the rise of BRICS ?you are living in a bubble and parroting MSM lies and disinformation.i know more about america than you know about the world especially about china?i have been to europe,uk,taiwan,indonesia,malaysia,china,australia,singapore,hongkong,macao,bruneidubai?tell me how broadly have you travel to comment about the world and especially about china??
Here's a small list of companies currently moving production out of China. Stanley Black & Decker, Dell, HP, Nike, Hasbro, Intel, Samsung Electronics, LG Electronics, Puma, Airbnb, Sharp, Kia Motors, Hyundai Motor Group, Google/Alphabet, LinkedIn, GoPro, Sony, BlackRock, Nintendo and more. This is fact, not propaganda and don't say it's not going to hurt. All this could have been avoided if it weren't for the bullshit politics of the PCC. I believe that within 2 years Xi will face a coupe. It's all bad and all sad.
You forgot to list the growing Chinese tech brands and the list that double up their investments in China. Basic economics will tell you where there is demand supply will be there so the list of companies moving out will be supplemented by a new list of companies who is taking over the market
Exports is only 20% of China's GDP now, and fewer and fewer Chinese wanted factory jobs in the first place (if they did salaries would not have gone up that much). Google had no real presence in China. Airbnb, LinkedIn and most other Western tech companies barely had any market share because of local competition. Samsung, I'm surprised it's still in China, it left years ago after completely botching the Chinese market (look it up, it's funny). Nike and Puma, the clothes industry has been moving away to cheaper countries for a good decade now. BlackRock is an investment fund and I'm not sure where you saw it leaving China. As for the rest, they are electronics companies who for the most part are just shifting some of their production away from China. Whether they'll move All of it remains to be seen. However, much of that production is moving to places like Vietnam. What is actually happening is that no country in the world has a manufacturing ecosystem as complete as China, so the companies are moving to nearby countries for final assembly to avoid higher salaries or tariffs, but in fact these countries still source a lot of components from China. In the meantime, China now has a lot of huge domestic brands. When taken together, Chinese smartphone brands have a bigger worldwide market share than Apple or Samsung for example. In fact, in many sectors, China is #1 as a whole, but it doesn't encourage huge monopolies like the US or South Korean do, so no Chinese company by itself is #1.
@@valerievankerckhove9325 That's a really good reply, you kind of got me there. I will inform you though that the world at large has united against China's commie thug rulers. In late 2021 the U.N held an exceptional extraordinary meeting and voted 87% in favor of the restricriaction of trade with China. (strangle their economy) The average consumer around the world now wants to know where a product was made. If the answer is China the reply is always, "is it made anywhere else?" And also, " sorry buddy but I aint gonna be buying non of their shit !" and also, "call me back when you idiots have found another supplier!" Merchants are now off loading there "made in cheap shit China" products to land fill and re stocking their shelves with products made in India, a proven reliable supplier. I dont understand why you try to put a positive spin on this death spiral that we have all known as the Chinese economy. The communist rulers are a bunch of hacks who have done what anyone can do when you throw a lot of money at it. But the money has dried up and they simply have no answers.
@@PascalCoppens China is the most boring topic ever!Why not talking about something with a future?China is the past,its irrelevant what they do,and we dont have to understand how they think!So you better talk about Inda or the continent Africa!Hystorians can talk about China!
Whether you agree or not China is still the most exciting economy that brings people buzzing
🕊️🕊️🕊️🕊️🕊️free hongkong
@@pingpong7810 thx to China its now free yes
@@pingpong7810 no! Coz Hong Kong is an integral part of China like Punjab is part of India.
@@pingpong7810 Take your drugs.
HK is free of Yellow Garbage Peoples now.
Very full dimensions of trends prediction! I agree the directions you highlighted. I would like to add one more: culture confidence. With China open doors, more and more travellers will come and go overseas ( not yet but will be very soon in my view). Chinese people will have different view after the 3 years isolation. With many mad western medias, Chinese people will be more culture confident and drive stronger the own way. Not pushing away western standards but they will more carefully select the suitable ones and believe there will be not only one way to develop. Innovation and. Creativity will be boosted with culture confidence.
Agree, Thanks for adding!
@@PascalCoppens ... Y.... R.... U... 2....ß.... Optimistic on ¢h¡πα can Any1 TrustWorthy with the WhoAnViras that Dictact 4'r ßullying On it's Own Business. & WorldWide ..!!
Thorsten Pattberg just something very powerful on this - remarkable perception for a German native who’s mastered the Chinese language and culture.
Looking into Southeast Asian countries like Thailand, Vietnam, Singapore, Cambodia, Philippines, Malaysia and Indonesia where we can expect the most about receptions
i think companies moving out of China because of US pressure will come to regret later. US knows china has 4 time the population to sell to China will keep growing. china will reduce export and import with the US while selling off US Debt. Thanks again Pascal for your analysis. US had 200 Year advantage over China and Russia but they both trying to stand up on their own now. maybe take another 20 years to control their own economy and less depending on US dollar.
Consummers in China are poor. The cost of shelter in China is ridiculously expensive. 40-50 times income in tier 1 cities. 80 million empty housing units.
Demographics are working against China. Low productivity and rising wages.
@@jeffreyoneill4082 Marketeers look at it differently. China has a middle class numbering 700 million (twice the total population of the US) and growing. As for demographics, they have already lifted the one child policy. With automation and AI playing a bigger role in industries and even the services sector, unemployment would not be such a huge problem. Where did you get the idea that China has low productivity? Just compare their speed of construction of big/mega projects and you will realize that you couldn't be more wrong.
The masterplan is to increase productivity with innovation to counter demographic challenges. It could work, but that also means China needs world to sell products to for decades still.
@@PascalCoppens Y.... R.... U... 2....ß.... Optimistic on ¢h¡πα can Any1 TrustWorthy with the WhoAnViras that Dictact 4'r ßullying On it's Own Business. & WorldWide ..!!
A few of them are. Competition is really fierce within the domestic market, local companies and other MNCs taking their US rivals a run for the money
China is taken as a role model for social development, in the vast majority of the world, so do not confuse the whole world with a very small subset i.e. the west and its media
🕊️🕊️🕊️🕊️free hongkong
@@pingpong7810 back to colonized HK as the previous 100 years? Trolls are trolls.
China showed the global south what is capable without following the west model.
@@pingpong7810
You forgot to free Native Americans from the US, free Northern Ireland from UK, free Catalonia from Spain and free Okinawa from Japan.
@@pingpong7810 Free Ping Pong's head
Thank you for an objective and balance assessment of China's future. I too am positive on China despite the various weakness n flaws you have correctly pointed out. With time, I trust that your assessment will be proven to be right.
Thank you! I hope so too!
Informative, a very different perspective from that of the mainstream western media and governments.
Farsighted, well-reasoned, balanced, and informative presentation, something very much absent from most of the Western main stream media. Thanks for that.
Thanks
China's version of metaverse is different from the west especially American. China's metaverse is more about better user experience and service. It is more about bringing the virtual world into the real world. The American version is more about market dominance by a few corporations. It is more about bringing the real world into th virtual world where the social media platforms have total control.
It is very different indeed. I am still planning to make a video about China's Metaverse.
Thank you for your good work.
I think not only market dominance per se, surveillance dominance is another aspect and that’s why Huawei was banned.
@Mark C Can you please substantiate your claim that Huawei has backdoors or intends to surveil people? Why has every study including those done by UK prove there is no backdoor? You do realize the reason it was banned is because America doesn't tolerate peer competitors, right? You also know America is the biggest surveillance country on the planet? Sheesh
@@dunzhen Why must I substantiate it and you are putting words into my mouth. In general, I am trying to put across why the US and some Western puppets especially the Anglo-Saxon gang were so afraid of China's market dominance in high tech.
Thanks for your updates and videos. Yes, agreed with you spoke on the real happenings on China.
Thanks again Pascal for your great analysis and information on China.
Very insightful talk, many thanks Pascal
Always logical and testable predictions👍🏻
Glad you think so!
I think China will still be the factory of the world for a long time. China is the only country that has huge population, advance infrastructure, very vast amount of logistic and supply chain, ect all together.
I agree, but for me the factory of the world will become more about smart workers than hard workers to make a difference. For hard workers, there are many alternatives in the world already, but I agree supply chain is not adequate in many of those other places.
China effectively subsidies it's manufacturing (supply side) of the economy. It will remain the cheapest place to make certain things. This comes at the cost of the population and the consumer side, or social policies like education and pensions. Also relying on exports means you are relying on other nations buying your stuff rather than your own population buying it. Internal Circulation is a policy to remedy this but the CCP find it very hard to make it happen.
@@PascalCoppens中国拥有最完整的产业链，最优秀的工人，最庞大的市场，同时具备所有的条件
I"m from ASEAN...No... companies leaving China..if there's any..which i hardly see much...will backfire..
Sorry... ASEAN simply doesn't have the same efficiency and infrastructure, supply chains to pull it off
It's all hype only.
Vietnam would get some business though.
On the contrary, i see companies entering into China instead ..i mean past two years.
Volkswagen just extended their mini cooper production in China last year
Happy New Year Pascal. Wishing you a successful happy 2023
Same to you!
Excellent!
Many thanks!
Good job pascal.
Thanks!
Comprehensive discussion. Very interesting.
Love your videos!
As usual, Pascal has this incredible ability to cut across cultural and political barriers to analyze China as objectively as humanly possible, much more than any other China experts I am aware of, from global north or south. One point I would like to add is that a significant part of China's resources will have to be diverted into the arms race as it becomes clear that US is doubling down to contain and even damage China economically and militarily using the Taiwan card (not unlike the Ukraine crisis).
Thanks! Also for adding your point.
As usual, Pascal has this incredible ability to cut across cultural and political barriers to talk a load of shit, much more than any other China experts I am aware of, from global north or south. One point I would like to add is that a significant part of China's resources will have to be diverted back into the ground due to the lack of customers. !
Well said ! I like your channel
I appreciate that!
Thank you! Happy New Year!
🕊️🕊️🕊️🕊️🕊️free hongkong
Same to you!
@@pingpong7810
You forgot to free Native Americans from the US, free Northern Ireland from UK, free Catalonia from Spain and free Okinawa from Japan.
Thank u very much for a crystal ball look into the future of China and of the world. Would be interesting to see which of the 10 trends move faster than the rest and how many of the 10 trends comes true and if there are other trends that will emerge.
Pollution issues are the most straight forward to resolve. More investments in green and renewable energies, such as solar, wind and nuclear. Many so call off shoring rely on Chinese component/supply chain.
South to South trade is accelerating. South-east Asia has become the largest trading partner of China.
Agree!
and even the Middle East, Russia/CIS, Africa and Latin America
Happy New Year and thank you very much Pascal for producing such insightful video. I am a HKer living in the US and I really hope to travel to China soon to experience her mind blowing advancement!
Happy new year!
Officially reopened since January 8
Insightful trending analysis and great predictions moving ahead that I basically all agree with, except I want to add one more prediction in yr 2023 geopolitics dimension which is the start of get out of the grip of US will/control on bloc confrontation between Europe and Russia. Europe autonomy arising from the grassroot for collective and indivisible security including Russia will eventually surface up after heavy suffrage from de-industrialization and de-population that all lead to de-wealth of European countries.
Thanks Charles! I am also worried about Europe.
Thank you for sharing your analysis🙏
Welcome!
same track, same professionalism, same result..great video! thanks for share your works Pascal
Yes China is down with less growth in 2022 but other countries were negative.
Very useful.
Glad to hear that
China is not much hurt by American chip sanctions. In fact, it makes the Chinese to work much harder and the government eager to pour much resources to help its chip companies. As a result, China can now produce 14nm chips purely and without American technology. China's SMIC with its N+1 technology is able to produce 7nm high end chips. China has just pushed out its Chiplet Standards. With the Chiplet technology and N+1 technology, China is back to producing, actually 4nm chips for its high end cell phones. Huawei will come out its 5g mobile phones again. This will happen, probably in 2024
Unique RUclips channel, Unique topics
Have to praise you again, wish that you can be a lecturer in some universities or higher learning institutions.your narration or speech can be so easily absorbed even without paying attention to what you said. Your notes is simple with full meaning and can understand and be remembered just by being spoken once. Can one imagine the students who will be under you.Your style of presenting the stories is catchy with attraction and with insomnia ingredients, the wakening attention pulling effect .
I am a elderly man and not a clever learner even during my school days. I can absorbed and remember immediately what you have spoken so far thats why l am qualified to gauge your effectiveness.
You can be a very good teacher.
It maybe a late calling I need to accept! Love to share. Thanks for nice words!
Pascal is a good presenter
Awesome video 🙏🏻❤️
Thank you 🙌
More and more China 's brands are rising in the world market in 2023.
Thanks Pascal!
Pleasure
I'm usually not a fan of predictions, but still a great video. How do you think the consumer mindset changed during the Covid lockdowns? I know a lot of people had to dip into savings to get through when they couldn't work, but I'm not sure if this means people save more, since people in China already save a lot. Or maybe they'll spend more after the current push of consumption after the lockdown.
My feeling is that savings will continue for a while because Chinese got 3 years of worry they had less before. It will rebound once economy strats picking up again. My best guess is consumption increase will be more visible in 2024 than in 2023. That said, the middle class is sti growing, and with focus on 3rd and 4th tier cities this could be new consumption growth factor as well.
Chinese has the highest saving rate in the world at 45%+.
if they don't screw around with stocks or other get-rich quick schemes. as one of my friend's friend, a stock broker pointed out, the brokerage always comes out on top whether you win or lose.
@@PascalCoppens Y.... R.... U... 2....ß.... Optimistic on ¢h¡πα can Any1 TrustWorthy with the WhoAnViras that Dictact 4'r ßullying On it's Own Business. & WorldWide ..!!
@will engel The Chinese stock market is not as well developed compared to New York, London or Hong Kong. The best method of investment is housing. That's why the housing crisis may hit China hard.
@@willengel2458 High saving means less consumption (internal circulation) the savings go on investment empty apartment blocks or roads to no where. Transfer the money instead to the people and they will buy consumer items and make their lives better.
Happy new year 🎉
Happy new year
Great insights here, thanks a lot for sharing and greetings from Beijing 🌆🏯
Thanks!
Just gettin in gear!
outstanding analysis, so much value packed into ur presentation. much apprciated. one observation - a huge almost insurmountable obstacle - at least for now - to ch reaching fully indepedent and competitive high end chip industry is the us driving the decoupling of western tecch flow to ch. this policy can only tightenn. i might also add that ch faces a huge shortage of trained IT manpower which is another bottleneck. 👍👍
Thanks for adding this!
Thanks ! Discerning, as always.
Very welcome!
Cybersecurity? It’s an extension of cbdc, mbridge and smart logistics.
Your points are not far from facts on what is going on global stages. But countries are forced to take sides, countries that were not expecting to be cornered as the world is today. Some countries from the north hemisphere may not have choices but follow the southern developments as many colonized countries had to follow western steps out of choices for centuries.
And their role to play in providing de facto, backdoor bridge between China and the Global North
Hi Pascal, Happy New Year to you and your family.
Regardless how us politicians analysis and portrayed china as threat or made all sorts of negative narrative about china and try to do whatever it can to deter china developments bottom line going keep travel their own path
Wouldn't china, as a major exporter, always suffer when the buying countries are getting poorer?
Total GDP in world is still growing, just regions where it is change. Asia top of list
I am a chinese young person.What you said is reasonable in some degree.But as a chinese, the high unemployment and the low borth rate will change the political status of China.
This is a definite thing as the process of urbanization.
I like how you vertically move while speaking. Is that intentional or maybe even some kind of legs exercise?
What do you think is China's thinking regarding space exploration? Thanks for your insight.
I made a video about space race over a year ago. Still valid ruclips.net/video/vvQhbN-NpJM/видео.html
@@PascalCoppens Thanks.
I more interested on digital currency or BRICS currency ,China must focus on fastening the process of dedollarization together with Brics and members of BRI countries , de dollarization is not going to happen overnight its not going to happen even in a few years but we all knows it is not only happening it is accelerating at a faster pace , dethrone the USD avoid sanction, its the only way to guarantee China's economic future !
I see the same motion
Thanks to Trump and Biden.
If you’re not engaged in business at a fairly high level, it’s not easy to understand “de-dollarization”. This is neither a new idea or a new mechanism for China. The December visit of Xi Jinping to Riyadh has enormous consequences for the USD. A part of dedollarization seldom understood by casual observers is that China has been using barter-like arrangements since the time of Mao (China had no USD). Today, barter arrangements are extremely sophisticated - driven in part by the fact that China has TOO MANY USD. A very different world indeed.
@@100c0c you’re.showing your lack of knowledge (not surprising, you’ve never worked in finance or export finance, and neither has Prasad). You really think a professor’s claims PRECEDE trade arrangements between parties?
Do you think that trade along the Silk Route required the blessing of academics or a multilateral national organization? It’s not surprising that bankers and financiers USE professors and scorn them privately.
How about space programs?! 🤔
Made a video a year ago. ruclips.net/video/vvQhbN-NpJM/видео.html Might update in 2023.
The English title of your book was a mistake as it’s highly offensive to the Chinese and reeks of certain titles that appeared in the US in the 1950s. As the competition today (versus 15-20 years ago) to get Western titles translated into Chinese is so enormous, you may encounter some difficulty. Nonetheless, in general you show understanding of several of the key lines of thinking in the central government.
Incidentally, the latest information on Jack Ma is remarkable - an intrinsically Chinese story that needs telling in English.
Its all going down in the longrun!Not diffiicult to predict!
US automakers Ford and GM did their homework in localizing their ops in China for their American counterparts to learn from.
I hope you are right about all these issues. I think it is a direction that China could go to. One factor to add that could lead to going in a direction of a high-tech society in China is that Chinese students really excel in STEM subjects. This is a huge advantage that China has compared to the rest of the world.
There are also issues that I am less confident about and that I don't see how they can be solved in the short run.
1: The zero-covid policy with its PCR testing and lockdowns has caused enormous debts for the local governments. Usually, the local governments' investments in infrastructure and other projects are very important for the economy. Currently, basically all local governments are bankrupt and something must be done to solve the debt problems in the governments. A problem that we start seeing now is that local governments are starting to implement new taxes on SMEs to get the current account balance in order again, laying another high burden on the private sector in 2023.
2: The real estate crisis. The value of real estate is still totally overinflated and I personally really don't see a real solution for this problem, as it got already out of control. Sooner or later this is going to lead to a disaster. Local governments also rely on the land lease to the ever expanding real estate sector. If the projects come to a hold, the debt problems of local governments will get even worse.
3: For all of the positive developments to happen, trust from the government is needed in their own people. In 2021, we have seen large crackdowns in the education and tech sector by the government. In 2022, the government controlled its population with lockdowns, PCR testing and QR codes. The question is to what extent the central power is really confident enough to let some of its own control go in 2023, in favour of economic development.
They are not expats but western economic immigrants .
NEW TSUAMI, new high end product export.
To invest in China successfully the investor needs to invest for the long haul to be a more permanent part of the Chinese economy!
The reasons why the West never quite get it right on China.
Who went directly to the 10th trends ?
Comments from South America.
1) Pascal disdains following China challenges:
1.1 Acceptance of stronger India.
1.2 "Accomodation" of regional "westernized" players: Japan, S.Korea, Taiwan, Australia.
1.3 Integration to Rusia + muslim countries.
2) Open questions:
2.1 BRICS expansion.
2.2 Inevitable higher relevance of Africa & S. America.
Well, the thing is, while they are decent topics, they are not for 2023. They're more like topics for the next 10 years.
1) Challenges
1.1. Acceptance of stronger India: India is becoming stronger, which is a great thing, but China and India are in fact not really fighting over anything major right now, so this topic is unlikely to be a major thing in 2023. It's not like India suddenly released a BRI alternative or declared war or anything.
1.2. Taiwan aside, there's nothing particularly major or new happening with the other "westernized" players apart from them following the lead of the US on chips. That's covered under Trade.
1.3. If by Russia you're referring to the Ukraine war, from China's POV it's someone else's business. They may end up trying to do something about it, but it's not something that directly affects China That much. If you're talking about trade as usual, well, it's trade as usual. As for Muslim countries, it's great that there's more peace in the region, but for now those countries first need to figure out how to move forward by themselves. It's only after that China can do stuff like expand BRI cooperation.
2) Open questions:
2.1. This is covered under "Trade" and "De-dollarization.” Also, this is a slow long-term thing. Imagine a few more countries join BRICS for example. By the time the negotiations and the who-does-what is figured out and something actually concrete starts, we'll likely be in 2024 at the earliest. I mean, BRICS has been around for How long? How much have they actually done in all that time (not much, these things go slooooooow)?
2.2. This is covered under "Trade." Again, this is a slooow long-term thing.
Sadly on your first point you contradicted yourself so I stopped watching. You say tackle domestic problems first then proceeded to say that they would focus on international reputation lol
Tackling domestic Covid situation is helping tackle the international reputation as well. Could indeed have explained better that 30 seconds.
7 minutes in: India more stable, Pascans? Ask Japan how they are doing trying to finish the HSR project they took on in India.
Petrol Dollar.... ????
Try talking about demographics, the lack of people of working age within ten years, the fastest aging population in history etc. These are key drivers of China's eventual success. The fact is that their population is halved by 2040. And Xi knows this.
You a American way to see China.no the right way.
коммунисиськи и комусисиськи ренессанс - меньше коммунизма и идеологии, больше динамизма и пердпринимательства
Good luck for the charm offensive
Economy will rebound with cash printing
More problem ahead in 2025...
Sir, who will be the new market for China if the West is removed from the equation? Tragically the rest of the world has very little money viz the West. So even if the numbers may be high in the rest of the world, their purchasing power is still very poor.
Together it is getting much bigger. China is exporting as many in USD to global South as global North
You forget that numbers make a difference the west account for only 12% of the world’s population so technically if you sell to the world the consumption from the rest can be 4x less and it would be on par in value with the current exports and the more trade happens the more they will grow.
Happy new year amigo
Look up " Latin American country starts to grow, there's a coup " on yT.
Factual.....
Same to you!
一本正经的胡说八道
Lot of BS here.
You could press the stop button. No one cares what you think.
美🐕
Metaverse is as dead as blackberry
indeed increasingly likes MatterWorse
Not all hypes die. I am big believer in AR to make metaverse real. VR is harder.
Who is interested in that bullsh...
Peak China just passed with first year of population decline! 2023 could be much worse with COVID? Young Chinese do not want factory jobs but more smart jobs but with 20% youth unemployment seems the CCP has not addressed this yet? Many belt and road investments going very bad with countries finding difficult to pay eg Pakistan?? Over investment internally in China coming to an end-housing/railways/airlines/cement/steel etc... Need to invest more in Healthcare in China as well!! Global trade volumes seem downward as countries struggle to be food and energy independent. Mass consumption of "cheap"goods maybe only in poorer developing countries?? 2023 could see more investment in food and the rural economy which has been overlooked in the past Chinese growth?? Present Defence spending trends is rapidly increasing with US producing best quality weapons but S.Korea, Europe and Maybe Saudi Arabia developing their defence industries. US no longer putting boots on the ground and biggest danger is the transport on the seas which is no longer guaranteed by the US??
CCP?
😂😂😂
Ok tr0ll
China's unemployment rate is 20%? Could you kindly share your data source?
Must be Kumar from La-La-Land.
@@eveleung8855 Youth = under 25 yr old. Government Stats source
@Simon Pannett
Unemployment rate in China 2010-2027
In 2021, the rate of registered unemployment in urban areas of China was estimated at approximately 3.96 percent. The unemployment rate is projected to reach 4.2 percent in 2022. Quarterly unemployment figures indicated a growing trend in the first two quarters of 2022.
(Source: statista)
How about show me the data support your claim and the source of the data?
The age under 25 dose it mean between 16 (minimum legal working age) -25? Or 0-25? Not many young people work at the age between 16-18, the most common working age often after 18, because usually at the age of 18, majority of the Chinese young people likely take part in their National Examination (Gao Kao 高考), should these students fail to achieve the minimum score for enter university, they may look for a job or seek of alternative continue education.
If you know nothing about China, I suggest you stop making fool of yourself.
The experts in China are already saying 2023 is going to be the year for recession. recovery will be 2024 n 25. 2023, this year is gonna be painful for everyone. I wonder if automation would solve the demographic problem China is having.
I don't think 2023 will be a year of recession for China. Apart from the bounce back the Government is politically comitted to 5% or so growth. If natural growth doesn't reach that then they will use debt to fuel infrastructure and pump the GDP. That is more likely to happen in 2024 than 2023.
@@Andy-P China has already slowed down the last 3 months. The chinese experts I read are predicting a global recession for 2023, not just for China. The western experts I read are predicting the same.
@@thesheepthemightythecrazy I agree with with what a lot of what you say here. But we will have to agree to disagree on China's growth prospects for 2023. There is a lot of post covid slack plus the government willingness to 'buy' GDP growth with debt. 2024 will be a different story. I could be wrong and you could be right.
@@Andy-P it is ok to disagree, we will find out who is right by mid 2023.
@@thesheepthemightythecrazy Agreed
A far too rose tinted view.
Why do you think so?
@@PascalCoppens thanks for your acknowledgement and query.
(1)I think that the world at large and US and its allies specially, have fundamentally revised their view of China's intentions.
(2) China has created fundamental insecurities all around it upsetting its entire neighborhood.
(3) Countries that support China are totally dependant on it like Myanmar Pakistan and North Korea which are not going to be any help but will only stretch Chinese finances and military even causing severe financial losses.
(4) Sanctions and chip war are seriously denting the Chinese ability to do and create hitech solutions on a long term basis
(5) As regards trade, there is an effort by all- whether western, eastern, African or even the latest show case Middle East to check and recheck the terms of trade with China.
(5) As far as financing and Belt and Road initiative is concerned it is facing serious loss of confidence as global recession and other factors are creating insolvencies in the client states.
(4) The Russia - Ukraine war is a war of attrition. It will continue to obstruct any efforts by China to come out and revise its image for a much longer time than anticipated.
(4) Finally the impact of Covid and its handling will have repercussions for more than just H1 of 2023.
So many experts from Endia yet their country is still so poor and dirty. 😂😂😂
Pascal why don't you ever mention the Uyghuers? Do you even remember the 2.5 million of them who are now in work camps inside the china/ccp? Why would you encourage China/ccp after what they are currently doing. You never mention the fact that china can not protect is own shipping, as there navy can not accomplish the task at hand.
you are so brainwashed by your western govts and media.pascal is knowledgeable and intelligent to be draught into such idiotic western propaganda
@@spade1974 Your a bot, and quite possibly mss, because objective facts do not matter to you. I live in the best country on earth.
@@EPFForsyth i suggest you go on holiday to sinkiang and gather objective facts with your eyes and not fake facts spurned by your MSM.look at all the ban on chips against china to stop china rise?is that fair competition trying to trip your competitor,china instead of competing ?the ban on huawei by america is because of its better product than apple and cheaper offering as well? you live in the best country by exploiting the rest of the world and printing confetti dollars to buy real goods from the world?with no intention of paying back?that is the reason why china and russia will be ganging up to put an end to your profligacy
@@spade1974 Rotflmao I knew you were another mss bot...lmao...china will collapse in 10 years less then that when they try to invade Taiwan in 2024. You can tell objectively by the amount of people that follow your channel whether or not your being real honest about china/ our world. china is a dying and simply due to demographic collapse there is nothing the ccp can do to stop it from collapsing. And I will get to watch it happen...
@@EPFForsyth i would have thought america will be more likely to collapse during the next few years with the rise of BRICS ?you are living in a bubble and parroting MSM lies and disinformation.i know more about america than you know about the world especially about china?i have been to europe,uk,taiwan,indonesia,malaysia,china,australia,singapore,hongkong,macao,bruneidubai?tell me how broadly have you travel to comment about the world and especially about china??
u really don't know much china to be honest .your analysis is assumptions and western reteorics
Here's a small list of companies currently moving production out of China. Stanley Black & Decker, Dell, HP, Nike, Hasbro, Intel, Samsung Electronics, LG Electronics, Puma, Airbnb, Sharp, Kia Motors, Hyundai Motor Group, Google/Alphabet, LinkedIn, GoPro, Sony, BlackRock, Nintendo and more. This is fact, not propaganda and don't say it's not going to hurt. All this could have been avoided if it weren't for the bullshit politics of the PCC. I believe that within 2 years Xi will face a coupe. It's all bad and all sad.
You forgot to list the growing Chinese tech brands and the list that double up their investments in China. Basic economics will tell you where there is demand supply will be there so the list of companies moving out will be supplemented by a new list of companies who is taking over the market
Exports is only 20% of China's GDP now, and fewer and fewer Chinese wanted factory jobs in the first place (if they did salaries would not have gone up that much). Google had no real presence in China. Airbnb, LinkedIn and most other Western tech companies barely had any market share because of local competition. Samsung, I'm surprised it's still in China, it left years ago after completely botching the Chinese market (look it up, it's funny). Nike and Puma, the clothes industry has been moving away to cheaper countries for a good decade now. BlackRock is an investment fund and I'm not sure where you saw it leaving China.
As for the rest, they are electronics companies who for the most part are just shifting some of their production away from China. Whether they'll move All of it remains to be seen. However, much of that production is moving to places like Vietnam. What is actually happening is that no country in the world has a manufacturing ecosystem as complete as China, so the companies are moving to nearby countries for final assembly to avoid higher salaries or tariffs, but in fact these countries still source a lot of components from China.
In the meantime, China now has a lot of huge domestic brands. When taken together, Chinese smartphone brands have a bigger worldwide market share than Apple or Samsung for example. In fact, in many sectors, China is #1 as a whole, but it doesn't encourage huge monopolies like the US or South Korean do, so no Chinese company by itself is #1.
@@valerievankerckhove9325 That's a really good reply, you kind of got me there. I will inform you though that the world at large has united against China's commie thug rulers. In late 2021 the U.N held an exceptional extraordinary meeting and voted 87% in favor of the restricriaction of trade with China. (strangle their economy) The average consumer around the world now wants to know where a product was made. If the answer is China the reply is always, "is it made anywhere else?" And also, " sorry buddy but I aint gonna be buying non of their shit !" and also, "call me back when you idiots have found another supplier!" Merchants are now off loading there "made in cheap shit China" products to land fill and re stocking their shelves with products made in India, a proven reliable supplier. I dont understand why you try to put a positive spin on this death spiral that we have all known as the Chinese economy. The communist rulers are a bunch of hacks who have done what anyone can do when you throw a lot of money at it. But the money has dried up and they simply have no answers.
XI IS WISE, EXPERIENCED N RESILIENT. HE WILL SUCCEED.
@@skydragon23101979 you forgot to add the "with substandard products" bit.
You talkabout China again? Why?Start talk about Switzerland or the Vatican,or about French or Italien food!
My expertise is China.
@@PascalCoppens China is the most boring topic ever!Why not talking about something with a future?China is the past,its irrelevant what they do,and we dont have to understand how they think!So you better talk about Inda or the continent Africa!Hystorians can talk about China!
So many butthurt Anglo Saxon murderers. 🤣🤣🤣
guy,you knew about China more than me a Chinese, even Taiwan local elections , awesome! Insight exquisitely, learn too much thereof.thanks a lot
My pleasure!
I am wondering how much CCP pay you for this lame promotion.
What is CCP? Hmm..me wondering who is paying you.