Xi is absolutely correct. Last time China allowed the property prices to race ahead without fetter as they think they must let the private sector bloom. When USA changed tack on China and imposed tariffs. China cannot go on as normal. It must reinvent itself. High property prices means the lazy monies will collect lots of passive rent and spend on more luxuries. Low property prices will force people to work harder and invent more. It will force the rich to be less rich and buy less luxury goods. The country will go onto a frugal mode and work harder. Right now, the Chinese have more than $3 trillions of savings in banks but unwilling to spend because of frugality. They are uncertain about the tough times. These conditions are actually better for the country. The country will be lean and mean. It will deliver more value for monies.
@stevensum2011 I live in the 3rd most expensive city in the world (Vancouver, Canada). I bought my oceanview penthouse outright at ~4 million CAD in 2014.
A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature. The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.
Just like early 2020, this is the part where the west put out all sort of analysis on how manufacturers will leave China because of lock-downs. China is not just the only country with an un-captured government capable of going against the interest of the rich and deflate their real estate bubble China is the only country capable of doing so with minimal effect to the total economy with massive growth in industry and technology. Housing and living prices directly affects demographics, in a world where everyone has a demographics problem. Just like 2020, in time you will realize China is the only country that solved their demographic problem.
Hong Kong has the most expensive property market in the world and its effects on cost of living and political instability did not go unnoticed by the mainland government.
@@AndyMitch-ec5iy This must be a case of you stiffing glue and randomly projecting that activity under ytube comments, otherwise your comment doesn't make sense.
@@huanghermann5207 Never said I knew what the statistic was, nobody really knows is my point. Just because I’m criticizing one government doesn’t mean I love another.
@@sanzhang-tx1zm I am now having fun. Its crazy how many comments you have made to defend your country. You make it obvious you have an objective. Nobody believes China data also lol
A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature. The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.
@@saellenx3528 Resulting to derogatory comments and abuse is not very intelligent. If you have ran out of anything to say / discuss then turn your VPN off.
@TeeHee-vo1bn 5$ in china can be exchanged for lots of daily necessities. 5$ in China equal 100$ or more in New York City. China purchasing power parity is way higher than western countries and US.
@TeeHee-vo1bn i live in cali!!! i backpacked to many countries before! so why dont you go to china to see how advance they are before you reply back again, so you know what you are talking about! oh! north korea is quite advance too! dont forget they were the 3rd country that could make hypersonic missile, while we cannot!
@@AndyMitch-ec5iy if you dont have the guts and encourage to go visit china to see how advance china is... then why dont you come to san francisco to meet face to face! this is 1 of the root cause of the issue in our country... people like you... open your mind and go see the world... stop living inside the bubble the twisted mainstream medias created for you...
Bloomberg is always so much rosier about China than most other economists in the West. Bloomberg's rosy view of China is due in part, I think, to the fact that so many of their guests make their living in a way that depends on China's economy or at least on what those guests are able to affect perceptions of China's economy.
That's the problem though. All you have is patents. You never seem to produce anything by yourself. Your banned from our chips but you will still try to find them lol. Classy
@@AndyMitch-ec5iy Your experiment is to see if you being salty can somehow alleviate your inner turmoil from watching the world advance in such a way which defies your world view.
Best to be vague to the outside world but continue driving in the right direction. The snake has been rattled by the 2nd Plenum, and its response has been clearly seen. There is no point rattling it even more.
China is seeing a decline in corporate and personal income tax, and VAT. You can't have a growing economy if these three types of taxes are all in decline, The EV industry is losing tens of billions of dollars per year. Local governments are struggling to pay just the interest on their debts. China's current economic "growth" is smoke and mirrors. Soon (probably in the next two years), it will be too obvious for the government to cover up. The BEST case scenario is a Japan-style "lost decades" stagnation.
@@garrettchan2126 Do you not realize how dumb your response sounds ? 😂 The fact that you are hoping to know “if” your government will make a difference and help your future….Yet you don’t know “if” you will ever find out. It’s your future at stake….No Gov should keep that quiet. They have a responsibility to tell you.
@@garrettchan2126 You started off being patriotic and proud and now you are openly admitting to living in an authoritarian government.... In the West, we don't see you as competition but just another country. This is why we need to isolate from you. You are "constantly" thinking the West is competing with you in everything. Even with comments on RUclips lol. Grow up dude. You have a mentality from over 100 years ago. Weird.
Xi is merely one man. The Chinese polybureau is merely 7 men. To put things into perspective. There's an old saying in Chinese - "water can flow or sink a ship".
@@saellenx3528 Says the guy who is responds to everyone who criticizes China lol. Your youtube profile is full of it dude. This is like my first time to experience this crazy wumao stuff lol. Pretty obvious you get paid for it as I don't know anyone who would do this for free.... lol
@@skazka3789 Well your latest economic data suggest otherwise. It’s more bad news after bad news. Are you suggesting just to hide the problem ? I think the world is bored of China hiding things.
People like Gordon Chang and Peter Zeihan have been pushing that narrative for decades. They were wrong then and they're still wrong now. People who believe this bs do so because they WANT to believe it.
You know it's getting bad in China when you see all the comments on this video defending the motherland profusely. I am shocked RUclips allows all this spam. Unbelievable. You cannot lie your way to the truth so just give up.
@@AndyMitch-ec5iy lol 😂. Just visited China and people are more friendly and respectful. More safer than US and food are way cheaper and delicious. No homeless people at all.
Why you are sure they are bots from mainland china tho? Let’s not be ostrich who hides the head in sand. If cn is worth learning in some aspects, why not EU do? Or your country the us
Xi is absolutely correct.
Last time China allowed the property prices to race ahead without fetter as they think they must let the private sector bloom.
When USA changed tack on China and imposed tariffs.
China cannot go on as normal.
It must reinvent itself.
High property prices means the lazy monies will collect lots of passive rent and spend on more luxuries.
Low property prices will force people to work harder and invent more.
It will force the rich to be less rich and buy less luxury goods.
The country will go onto a frugal mode and work harder.
Right now, the Chinese have more than $3 trillions of savings in banks but unwilling to spend because of frugality.
They are uncertain about the tough times.
These conditions are actually better for the country.
The country will be lean and mean.
It will deliver more value for monies.
Real estate/housing is for living in, not for speculation.
@@Seven.Heavenly.Sins.666 … said by the wise leader 😄
Dude did you sell your property in time.
@stevensum2011 I live in the 3rd most expensive city in the world (Vancouver, Canada). I bought my oceanview penthouse outright at ~4 million CAD in 2014.
@TeeHee-vo1bn I am white, and you are Wong.
A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature.
The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.
Just like early 2020, this is the part where the west put out all sort of analysis on how manufacturers will leave China because of lock-downs.
China is not just the only country with an un-captured government capable of going against the interest of the rich and deflate their real estate bubble
China is the only country capable of doing so with minimal effect to the total economy with massive growth in industry and technology.
Housing and living prices directly affects demographics, in a world where everyone has a demographics problem. Just like 2020, in time you will realize China is the only country that solved their demographic problem.
Right on.👍
@@vlhc4642 Why not just check your recent economic data ? It’s clear what is happening.
@@windsong3wong828 well done wumao. Make sure you back him up. You look so convincing lol
@@AndyMitch-ec5iy good job five cents 😹
@@alinux09notice how these idiots can only make personal insults but never make a cogent argument to counter the others point.
Hong Kong has the most expensive property market in the world and its effects on cost of living and political instability did not go unnoticed by the mainland government.
Please stop sniffing glue. It is ruining you. Use your VPN wisely. You can learn a lot
@@AndyMitch-ec5iy you are disgustingly ignorant or just a jealous loser.
@@AndyMitch-ec5iy This must be a case of you stiffing glue and randomly projecting that activity under ytube comments, otherwise your comment doesn't make sense.
@@AndyMitch-ec5iy just because you do it all day long apparently
@@ensteffohe is all over comment section crying about China.😂😂 Dude has China complex.
Growing 5% a year sounds pretty good no?
Chinese generally has high expectations. A is average, B is below average😂
They fudge the numbers too
@@JustaCastleif the number is extremely low, would you still say the same thing? If Yes, then you need to invent your own numbers.
@@huanghermann5207 Never said I knew what the statistic was, nobody really knows is my point. Just because I’m criticizing one government doesn’t mean I love another.
@@JustaCastlefudging numbers is nothing new. It’s been done throughout the ages and from small companies to large governments.
shouldn't all governments be pushing for high quality growth? I don't understand why western media find this so perplexing.
Manufacturing is not really high quality growth. It's factory work lol.
exactly! its the aim of every country, to grow in better and better industry
@@havencat9337 Please study what Tower Economics mean. Thanks.
@@AndyMitch-ec5iy你为什么如此疯狂，你认为你的观点言论能改变什么事实吗，上半年我国gdp数据出来了你可以去看看
@@sanzhang-tx1zm I am now having fun. Its crazy how many comments you have made to defend your country. You make it obvious you have an objective. Nobody believes China data also lol
A research team from the University of Science and Technology of China has reported observing antiferromagnetic phase transition in a large and uniform quantum simulator, according to a study published in the journal Nature.
The quantum simulator is the first to achieve the simulation of the fermionic Hubbard model beyond classical computers using ultracold atomic quantum simulators.
Of course it's paying off at some point... They are not stupid... Does Bloomberg TV have this Filipino reporter constantly talking about China??
Turn your VPN off if you don't like it. Unless you have an agenda to comment on here ;) lol
@@AndyMitch-ec5iy you are one with agenda here CIA bot.
Apparently this is called The China Show.. so yes they probably talk about China all the time
@@AndyMitch-ec5iyAndy Mitch really suits you haha. Lets me guess you are bald and wear glasses?😂😂🤣
@@saellenx3528 Resulting to derogatory comments and abuse is not very intelligent. If you have ran out of anything to say / discuss then turn your VPN off.
He should talk to the homeless people in the middle of downtown LA and SF.
@TeeHee-vo1bn 5$ in china can be exchanged for lots of daily necessities. 5$ in China equal 100$ or more in New York City. China purchasing power parity is way higher than western countries and US.
@@zzzz6511 true. big mac index clearly shows this gap. its cheaper by 40%. in china compare to usa
@TeeHee-vo1bn AI
What about the 600 million Chinese living on $100 a month ?
@@zzzz6511 He's too ignorant to understand purchase power parity
we look like a 3rd world country compare to china...if anyone been to china would have seen it...
@TeeHee-vo1bn
i live in cali!!! i backpacked to many countries before!
so why dont you go to china to see how advance they are before you reply back again, so you know what you are talking about!
oh! north korea is quite advance too! dont forget they were the 3rd country that could make hypersonic missile, while we cannot!
@TeeHee-vo1bnman you should update your mind now. See through others' lens then.
@@yehuo2825 you don’t live in Cali at all….. Turn your VPN off and get back behind your wall.
@@yehuo2825 😂😂😂. You guys are getting desperate. The fact that you pretend to be living in America is hilarious 😂
@@AndyMitch-ec5iy
if you dont have the guts and encourage to go visit china to see how advance china is... then why dont you come to san francisco to meet face to face!
this is 1 of the root cause of the issue in our country... people like you... open your mind and go see the world... stop living inside the bubble the twisted mainstream medias created for you...
"Consumer confidence" is a buzz word who doesn't mean much in a world of big corporations and state interventionism.
Bloomberg is always so much rosier about China than most other economists in the West. Bloomberg's rosy view of China is due in part, I think, to the fact that so many of their guests make their living in a way that depends on China's economy or at least on what those guests are able to affect perceptions of China's economy.
Tell me, who would have enough capacity to buy all these "high tech" product?
Yes!
Chip alone will add few % to GDP due to own patents, own design and manufacturing, etc. Profits stay home.
That's the problem though. All you have is patents. You never seem to produce anything by yourself. Your banned from our chips but you will still try to find them lol. Classy
American propaganda
Obviously Americans would prefer a China with a housing bubble over a China that dominate global technology, lol
Yet you use a VPN to say this..... lol
@@AndyMitch-ec5iy u salty af under every comment Lmao😂
@@mohican6158 I am doing an experiment lol
@@AndyMitch-ec5iy Your experiment is to see if you being salty can somehow alleviate your inner turmoil from watching the world advance in such a way which defies your world view.
In a word - “No”.
Jai Hind. It is exciting for Xi to start a New journey in the New era.
Also, should talk about the homeless in China
Best to be vague to the outside world but continue driving in the right direction. The snake has been rattled by the 2nd Plenum, and its response has been clearly seen. There is no point rattling it even more.
China is seeing a decline in corporate and personal income tax, and VAT. You can't have a growing economy if these three types of taxes are all in decline, The EV industry is losing tens of billions of dollars per year. Local governments are struggling to pay just the interest on their debts. China's current economic "growth" is smoke and mirrors. Soon (probably in the next two years), it will be too obvious for the government to cover up. The BEST case scenario is a Japan-style "lost decades" stagnation.
I am eager see if Xi can pull off nimble changes in policy and industry!
How would you know ? It's all kept secret. Just obey the part and do not step out of line. No idea why you are on RUclips.....Turn your VPN off.
@@AndyMitch-ec5iy I wouldn't know. That's why I said "if" 😜😜
@@garrettchan2126 Do you not realize how dumb your response sounds ? 😂 The fact that you are hoping to know “if” your government will make a difference and help your future….Yet you don’t know “if” you will ever find out. It’s your future at stake….No Gov should keep that quiet. They have a responsibility to tell you.
@@AndyMitch-ec5iy You try living under an authoritarian government, and then you will see how "dumb" this position is.
@@garrettchan2126 You started off being patriotic and proud and now you are openly admitting to living in an authoritarian government.... In the West, we don't see you as competition but just another country. This is why we need to isolate from you. You are "constantly" thinking the West is competing with you in everything. Even with comments on RUclips lol. Grow up dude. You have a mentality from over 100 years ago. Weird.
no buyers lah.
Xi is merely one man. The Chinese polybureau is merely 7 men. To put things into perspective. There's an old saying in Chinese - "water can flow or sink a ship".
no they're full of hackers
Dan looks like a creep
Xi has small hands.
@@AndyMitch-ec5iyChina complex is strong in you.😂😂
@@saellenx3528 Says the guy who is responds to everyone who criticizes China lol. Your youtube profile is full of it dude. This is like my first time to experience this crazy wumao stuff lol. Pretty obvious you get paid for it as I don't know anyone who would do this for free.... lol
Chinese always complain abt tough going even though that may not be the reality.
Dun you think it is kinda smart....
India 🇮🇳 first
Hahahaha……
absolutely
lol
These short term problems you mentioned have been happening for years…..
I think it’s time just to accept that China peaked.
Almost like these problems aren't that much of a problem if they've been around that long
@@skazka3789 Well your latest economic data suggest otherwise. It’s more bad news after bad news. Are you suggesting just to hide the problem ? I think the world is bored of China hiding things.
People like Gordon Chang and Peter Zeihan have been pushing that narrative for decades. They were wrong then and they're still wrong now. People who believe this bs do so because they WANT to believe it.
Peaked to much you now have to tariff their cars at 100% to force your own people from buying your own. lol
Ppl like you have been saying that for years: China can't continue to grow, but their later development proves otherwise.
핑핑아 좀만 살려주겐닝 😅 조나 촤증나
Winnie the Pooh?
Propaganda channel
@@kushagravlogs5627 turn your VPN off
You know it's getting bad in China when you see all the comments on this video defending the motherland profusely.
I am shocked RUclips allows all this spam. Unbelievable. You cannot lie your way to the truth so just give up.
@@AndyMitch-ec5iy lol 😂. Just visited China and people are more friendly and respectful. More safer than US and food are way cheaper and delicious. No homeless people at all.
@@zzzz6511 600 million Chinese live on less than 100 USD a month. Facts don’t lie lol.
Just FYI, I lived in China for over 5 years. Nothing special.
Why you are sure they are bots from mainland china tho? Let’s not be ostrich who hides the head in sand. If cn is worth learning in some aspects, why not EU do? Or your country the us
you got it ，what a genius😂
@@zzzz6511 turn your VPN dude. We all know where you are based 😉. It gets boring honestly….