*No he made a mistake in the video: in fact the car he was talking about in the BYD Dolphin 2,400 to 2500 km per tank in real world tests by all the RUclipsrs so they under reported it in their official advertisement paper (that is pretty rare, Google videos for BYD Dolphin real world tests).*
What a silly headline! America is finished! It's in the last fazes of complete collapse. And good riddance. Austria might wake up that we don't need them and never did need help from an allied half way around the world! Wake up Australia. America is sucking us dry! What are we sucking?
It is nothing to do the communism or capitalism, rather the Chinese civilization, which plays important role in nowadays Chinese development and beats all those western pirate countries.
Not China beats US in Capitalism but Communism Beats Capitalism, as Karl Max said that "it ... would eventually destroy itself as more people become relegated to working-class status, inequality rises, and competition drives corporate profits to zero..."
It is not China not wanting to trade with the USA. It is the USA not wanting to trade with China by sanctioning and threatening China. If the USA lose, don't blame China. Blame those who walk the corridor of power.
What are you talking about? Maybe I'm not sure what you mean as I don't know much about trade. Almost everything sold in the USA is made in China. China has risen to the status of a superpower, a significant factor is trade with the USA. China is wanting what benefits China, if it didn't see trade with USA as beneficial then it would not want it. There is however a large trade imbalance...the USA is the larger importer from China. Is this not a problem for the USA to deal with? What exactly is your understanding of USA reasoning for sanctions or tariffs? Are they in the interest of the USA or not? In as much as China is both a benefactor and competitor in relation to USA, what do you think is the best interest of the USA (or world)? Do you have some intelligent comprehension and response to my questions? Thank you.
@@Elephant_King_Gjinstead of trading with China, why not just trade with other nations to get what US wants instead? It's the nature of merchants to put their interest on top of others. If you are the person who sells your products to other countries, would you not prioritise your own benefits and interests? Nobody is forcing the US to buy stuff from other nations. As a matter of fact, the US could have considered other alternative suppliers instead, if the intention is to reduce the deficit in trade with China. Why not consider India too? Slapping tariffs on products imported from China doesn't hurt China much, but it definitely affects the US consumers profoundly. Also, there are many alternatives to things that China wants. Lots of alternative suppliers are there for China to choose from. Just because China chooses suppliers other than the US, the US politicians get mad at China? This is absurd.
The US doesn't lead the world in trade. China does, by far. US total trade is a tiny fraction of Chinese total trade. Look at each country's top trading partner; most of them have china. And look at shipping ports - china has 7 of the biggest 10 shipping ports and the US has zero. US has one in the Top 20 shipping ports whilc China has more than a dozen.
@@davidrichards1741 Their point was that WHEN the U.S. led in trade in last decades, it was lauded as the success of an exceptional country. When China takes the lead today, it’s suddenly called “distortion” and “overproduction” by the “Collective West”.
@@arthurhwang117 Yes we are woke and criticize anyone for being more efficient and productive. We want all to be similarly useless. To tale from those who produce more to give to those who produce less.
@@davidrichards1741more than a dozen 👇 China has acquired a global network of strategically vital ports Beijing’s investments along some of the world’s key waterways have significant military implications A decade later, China owns or operates ports and terminals at nearly 100 locations in over 50 countries, spanning every ocean and every continent. Many are located along some of the world’s most strategic waterways. WP
Btw China is printing many times more than USA. All Chinese technologies are stolen or fakes. China is so angry now because America printed so much dollars that it is causing global inflation and recession. USA has printed 6.5 times its M2 money supply in 30 years I checked . . . China printed more money, 171 times more in 30 years and China is printing much more now to save the real estate industry. (And practically everything else) 。 China GDP grew 47 times only . But money supply was increased by 171 times . America's GDP went up only 4 times . And America's money supply only went up 6.5 times . Therefore, China printed 400% more money than its GDP growth. While America only printed 70% of its GDP growth.
Well tell the Chinese millionaires to stop putting their money into our system and tell the illegal Chinese migrants to stop coming, they didn't get your memo, oh that's right in reality that is what is really happening, China is crumbling from the government inside while selling you propaganda to the outside, but the actual Chinese people living inside of China are trying to get out and into America, you fell for the banana in the tailpipe.
Most of Americans believe that the no.1 reason of their failure is they put much money into wars, they never realize the true reason is that their younger generation do not study as hard as the chinese, we have more than 10 or 20 times more engineers and scientists graduated every year than the US
My country Malaysia and our neighbor Thailand announced joining BRICS on 29th this month, and our currencies soared against the dollar. That means the world has decreased confidence in the dollar.
China is smart, strategic and forward thinking. It becomes the global dominance through trade, respect and collaboration which the world should learn from ❤
It did. China was new and exciting. 400,000 westerners lived and worked in China. trade and cultural exchanges flourished. Sadly this is past tense. Most of the foreigners have left along with their investments. Where once trust was the foundation, now there is none.
@@Lim-212 We can explore. Has the number of foreigners residing in China diminished by 80% + ? Have the phrases Lying Flat and Garbage Time of History emerged due to popular government support or the opposite? Are companies disengaging from China and relocating to places like Vietnam and India? Seems like they are, who ever is providing you with data, is misleading you.
The US has capitalism for the common folks and socialism for big businesses and their owners. China has socialism for the common folks and capitalism for big businesses and their owners.
China leads the world in 37 out of 44 critical technologies and America only leads in 7, according to the Australian Strategic Policy Institute (ASPI).
@@daniellee8720dude the one thing the Americans on both sides of the aisle can agree upon is China is bad, bad, bad The Aussies are no different ASPI is a Australian Government funded think tank But if you really don’t believe their report???! Then it’s up to you to find facts that dispute what they assert Infact if you dig a little further into the 7 critical technologies the Chinese do not hold a clear lead??? Like Open A.I. 👇 In One Key A.I. Metric, China Pulls Ahead of the U.S.: Talent Paul Mozur reported from Taipei, Taiwan, and Cade Metz from San Francisco. March 22, 2024 Researchers originally from China now make up 38 percent of the top A.I. researchers working in the United States, with Americans making up 37 percent, according to the research. NYT
Agreed with the above poster. ASPI is just as likely to be hyping the China threat so it can lobby the governments on behalf of their MIC constituents for money
I am from Hong Kong, an Economics graduate, and spent most of my 30-year banking career with US institutions covering the region. This is the highest quality discussion on current China macro economy I have ever seen.
The top market for China is China, the biggest consumer market in the world. China's 2nd biggest market is SE Asia, a region of nearly 1-billion people with a real economy PPP that now exceeds Western Europe ex-Russia and keeps growing ten times faster each year than the EU. The rest of Asia is currently China's #3 market. The US and EU are China's 4th and 5th largest markets now.
Western world only consist 15~20% of world population, while Global South is actually he majority market. US and EU are worried about their own markets, while China is advancing in world markets.
@@merrick6484 The entire west incl japan, if you like, has 1.03 billion ppl of the 8.2 billion ppl in the world, so only 12.5% of the world population. And the "global south" now calls itself the "global majority" including the growing BRICS which increasingly represents it.
When we visit the many economic threads about China, they paint a very different picture. Housing crisis, local government debt, capitol flight, unemployment.
You only need to visit sny first tier chinese city. The diff is obvious. They got subways, high speed trains, cashless 6G mobile economy, safe, clean , green economy EVs, electric buses, service focussed from food delivery, online shopping, package delivery, affordable, diverse food , friendly ppl , no guns or drugs or theft. Unmatched period
They still have a lot of hidden poverty and exploitation ,also plastic, chem,industrial pollution . Though they are positioned them self to change or get on top of that . The US is going the other way especially on poverty, there industry has become financialised and deindustrilised ,however Europe and Britain are probably headed in and even worse direction industrially
@@hamishfullerton7309 China in 2023 installed more solar panels in 1 year than the US in its history. China is close to having 50% of its energy fully on renewable energy. China will be the only country who fully meets the Climate Goals on tbe planet.
He has a good point that the Stock market is not the real economy. The real economy is the value adding Manufacturing. China is decoupling from USA because USA has nothing to offer to China. The chip war is the final break. USA plays a big role in this supply chain and China accepted the arrangement but the sanctions convinced China to be independent in the Chip supply chain As such USA lost its last hold China and created another competitor.
US: China buys all our chips. Politicians: I have a great idea, let's cut off sales and hurt them. US manufacturers: We lost 50% of our sales, and now they're making their own chips. We'll be closing in 5 years.
@CheeLiekHo, forgive me but I think you got something wrong... "... China is decoupling from USA .." The truth is USA is decoupling from China. China had no reason to isolate USA unless the latter starts the provocation. ".. USA plays a big role in this supply chain .." Are you sure it is not the other way round? Maybe they mutually depended on one another with respect to supplies.
28:00 One big reason commodity prices are down is that before the Ukraine war, everything went through Chicago. After the West sanctioned Russia, the Brics countries accelerated their own payment system, so that data is no longer readily available to traders in the West, and commodity traders in Chicago are now flying blind. Kevin from the Inside China Business channel did an episode on this a few days ago
He also explained what Louis Gave in this video questioned, what's China's doing with $100B/month surplus. Look up Kevin's video "China isn't dumping dollars They're dumping banks"
The intriguing question to pose is then, if they publish their 5-year plan all the time over these many decades, why the regimes in the US-led collective West did not appear wanting to study the 5-year plan and work on their respective policies and implement them accordingly? For instance, way back in early 2000s, China already made it clear with their government documents which were readily accessible at their government websites that they would invest huge in green energy sector and electric vehicles, yet 20 years later today, the regimes in the West are deploying tariffs at 30%, 40% or even up to 100% as the only measure to deal with it. I have in my own archive a documentary "Detropia" (which was reported on by an episode of Q&A at C-SPAN site), which showed that way back in early 2010s BYD was already participating in the Auto Show in the US, and got laughed at by other US auto companies right at the show site. And look at it now!
@@resnica3557Pretty Scary to say the least. CCP delivers what it has promised years before- while American elites struggling to identify gender issues.
For the record China manufactured and installed 350 GW of solar and wind power in 2023. 350 GW of power is the equivalent of 120 nuclear power plants. Since China spends the equivalent of over $300,000,000,000 USD a year on oil. The Chinese will be happy to pay a $100 billion USD a year or more for wind, solar and nuclear.
Yup to add to your post 👇 China is responsible for 33% of the world’s energy-related CO2 emissions today, but this will reduce to 22% by 2050, a reduction in annual emissions of 8 GtCO2 (three times the size of Europe’s decarbonization over the same period) China’s power mix shifts from 30% renewable today to 88% by 2050 Solar makes up 5% of power generation in China today - this will rise to 38% by 2050 Oil consumption only halves by 2050 from its 2027 peak, while natural gas peaks in the 2030s before returning to today’s levels by mid-century China will further extend its position as the world’s green energy leader with unrivalled build-out and export of renewable technology DNV
JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 - and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief 👇 Fossil Fuel Subsidies Surged to Record $7 Trillion Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change IMF
@@miki-i6094 Time to stop reading headlines and start doing some research The real problem is China shut down too many coal mines, and coal powered power stations when they were not ready China is still decades away 👇 China’s energy crisis shows just how hard it will be to reach net zero Published: October 8, 2021 11.18am EDT To this end, China has been cracking down on coal, which still generates around two-thirds of its electricity. The state has been shutting down small and inefficient mines and putting restrictions on coal production. Consequently, coal output has been falling in many months in 2021, while coal imports were also low. But this drove up the price of coal, and electricity-generating companies could not pass on the costs to consumers because of national price caps. Faced with generating electricity at a loss, major players have simply stopped producing. To make matters worse, China has had an exceptionally hot summer (which itself is being blamed on climate change). The dry windless weather has meant that China’s wind and hydroelectric power have been generating less electricity than usual. The Conversation 👇 The Unintended Consequences of Coal-fired Power Plant Closures: Evidence from China Yi Fan∗, Qiuxia Gao†, and Cheng Keat Tang‡ May 15, 2023 As a result more than 180 coal-fired power plants with a total production capacity of more than 70 million megawatts (MW) was retired across China from 2000 to 2014 ABEFR
China focuses on Mutual Respect and Win-Win Trade with other countries. Whereas the Hegemonic US focuses on Domination and Destabilization in other countries
@@TacticalMayo China will be a Dominant Player in the world whereas the Hegemonic US wants to assert its World Domination over the rest of the world under the America First doctrine
I love how this guy is so unbiased and truly letting his thoughts known with facts....the fact that China's stock market is not truly tied to the Chinese actual economy like in America...I was not aware of this. It is refreshing to hear an expert that is not biased and speaking facts!!!!
The Chineae save approximately 30% of their earnings, they will transition to a consumption based economy when global recession goes full blown. The CPC had foresight and worked towards poverty alleviating for two clear reasons. They broight over 800 million citizens out of extreme poverty. First when the ppl have savings, jobs, healthcare, education and Hope for the future, there will be peace and harmony instead of revolutions. Secondly its building a broad based population that can power internal consumption when the sh"t hits the fan and global growth grinds to a halt. Thats the kinda government we need, one who plan ahead and ensures its ppl will survive the current western stupidity and wokeness. Billions to fund wars and conflict but no money for the homeless.
Are you current with the latest development within China, more people (including civil servants) are losing their livelihoods and even their homes, whether through floods or even the inability to continue paying through the mortgages, so what rubbish hope for the Chinese future are you falsely portraying?
Every 5-10 years the China govt re-gear and focus the new productivity development and make relevant economic plan and policies for the next 10-50 years. In between, the govt cleaning up the side effects and bad effects of development from before in other words re-adjusting the structure of the economy. One reason why EV is making huge wave in China is that the car electric chargers or various kinds are widely available all over the country.
1) It helps that the government stays in power for 10 -20 years and can focus on long term goals. 2) China is lucky to be led by experienced politicians who are mostly engineers, scientists or academics. They have worked their way up from village to county, town, city, province to national level. Anyone incompetent is eliminated in this long process, and leaders have superb administrative skills. US presidents recently are often ex-congressmen and senators who were formerly attorneys. If not lawyers, presidents are film or reality TV stars. . They are good at speaking, criticizing and negotiating, but less good at managing, especially complex technical issues. 3)In China, government decision usually prioritize the national interest above narrow parochial interests. Without elections, there is no need to get bloc votes or campaign finance from interest groups, so decisions are based on reason and logic. NIMBYs are also much rarer in China than in the West, so things get done much faster. 4) China's government has better finances than most Western countries. Covid and the property collapse has created huge deficits, but the financial system is backed with huge savings and a giant trade surplus. That financial freedom gives the government the latitude to do long term planning.
I've told people that the US stock market is an economic hostage situation. Our government is forced to cater to Wallstreet or face a lot of angry voters who were just bankrupted by Hedgefund short positions.
@TacticalMayo People can't afford groceries they can't afford rent. They can't afford health care or health insurance. They can't find gainful employment and have to work 2 or even 3 part-time jobs. You have public school teachers living in their car. Yet the markets don't reflect any of that. The financial system has become parasitic. Our economic inequalities looks like something out of France before the Reign of Terror kicked off.
China has no need to 'beat' capitalism as such, because China has learned how to subordinated capital and capitalism in the service of socialism; a particular Chinese model of market socialism that it is simultaneously modernising.
If China"s exports benefits the poorer countries and improve the lives of populations, isn"t that better than waging futile wars, sanctions, etc,.....that only destroys. Countries will do well to emulate China and improve the lives of taxpayers Thank you for these enlightening truths.
Marxism is not against capitalism but against Imperialism, the highest form of capitalism. There is Chinese capitalism in China, the major difference is that government holds power over the state, not the oligarchy’s, like in the West.
Anyone who reads Marx and Engels famous book on the working conditions of the English working class will understand his profound moral objections to the conditions imposed by capitalist factory owners. Quite horrific things were described therein that would shock anyone. The social relations of Capitalism makes people both exploitable, and entirely expendable the moment they lose their ability to produce profit. A very different reality from feudal societies. Imperialism is considered to be an inevitable outgrowth of capitalism. They are not distinct isolated phenomena. As a capitalist, the more commodities and capital one produces , the more resources and markets one needs to access, and preferably dominate. Our modern history could not be clearer in demonstrating the evidence on this point.
I suspect that a good chunk of China's trade surplus went to funding the Belt and Road Initiative (BRI). This is why Western economies like the G7 and EU are unable to implement their alternatives to the BRI; they can't afford it, and they're unable to keep borrowing.
@@johnbaker5565 Actually, China can afford it. It is paying huge dividends for China in terms of improved trade, improved international reputation, and improved diplomatic relations. China's national debt is less than that of the United States and in line with all the other advanced economies.
@@horridohobbies The international reputation improvement is failing. In Asia, many countries are aligning against China. These include Philippines, Japan, Australia, Vietnam, India. The world sees Chinese ships ramming Philippine ones, threatening, water cannons. China was joining the world, but turned hostile. The Youth are lying flat until this garbage time of history is over.
The government subsidizing everything isn’t capitalism. I hate how people play hot and cold with words. When china does something good or succeeds it’s because of capitalism when it fails it’s because of communism. China is a communist government that has been forced to compete in a global capitalist economy using core principles of communism. The us subsidizes it’s ev manufacturers more than china and they used those subsidies on stock buybacks. China subsidizes its ev manufacturing and they actually put that money into development good quality affordable products while ours are inaccessible to most because we are driven y the profit motive.
China gives everyone the middle finger and is discovering it has no friends or allies, only clients. Recent examples, India, Japan, Philippines, Vietnam, Australia, Burma,
US and Western countries only make up 800 millions people.There are 7.5 billions people around the world 🌎🌍🌏. So, China is expanding its trade with the rest of the world. This call economics of scale. Since Joseph term the rest of the world as forest. China like to help those forest to be self reliance and develop itself with affordable goods and services and built good infrastructure, expand financial services. While the US and the West countries like goes to wars and regime change to get access free resources from those countries.
XI JING PING It's not communism, ( they are wrong) .Describing ideas coming from his head the top-down .They come from the people and he listens to the people .That's something Western citizens don't understand leaders that listen to their people.😂 I'm sorry you're so deprived COPE🎉
they may have ideas from bottom, but there are also studied along with known thinkers' ideas, before decision are made... it is still top down... Maybe you think all ideas come from Xi Jing PIng? definitely not... Not enough time.. Brain not big enough... he has to delegate.
Talking about Paris 2024, China played a huge role in securing safely for the period. Chinese AI and supporting technology kept Paris and France very safe. But no thanks from macron.
One observation. The 100B dollar all Chinese firms earned collectively per month is also being used to as “China loan” to any third party country for developing infrastructure, selected & mutually agreed upon industry under swap or bilaterial business agreement thru BRI or not, except the payback currency term is defined thru RMB only. That’s a smart and sustainable way to consume abundant yet depreciatable monthly dollar inflow whilst continue marching on RMB internationalization in a long process of de-dollarization.
8:06 Up until 2022, neither Russia nor China had any inclination to move from the dollar denominated trade system. Theft of Russian USD foreign reserves plus expulsion from Swift changed all that. Not just for Russia but for every country that previously trusted the Americans or Europeans to do the right thing by their financial relations. The UK had long since demonstrated their lack of trustworthiness by seizing billions in Venezualan gold. The Americans simply doubled and tripled down on the concept. Trust once broken can rarely be regained.
@@666ortiz What about those events in Afghanistan, Grenada, Libya, Iraq, Vietnam - has the perpetrator been kicked out of SWIFT? SWIFT is supposed to be neutral and a service to all countries. Moreover, unilateral sanctions are illegal.
@@666ortiz Nope. But the possiblity was considered by commentators as Russia is too powerful for normal sanctions to do much. They just thought it was unlikely considering the fallout of the unknown consequences. Guess what US went and did it. That pretty much signaled countries don't want to be US vassals that it was time to find alternative for SWIFT.
No because in the west we're telling you it won't be accepted. I mean that's what we keep trying to say there's no conversation anymore. When you reach for our 🇺🇸 number one spot we get abnormally irrational and we take the route that everyone doesn't want us to. But that was China's choice for pushing us that way cuz we won't accept number two.
It's part of the reason. Main reason can be deduced by the large number of full sized US flags the rioters carry. These flags are not normally sold at retail level. It also shows that China is not interfering in Hong Kong politics, otherwise the property situation will not be allowed to fester.
@@GlobalTribal Polarised local conditions presented an opportunity for foreign actors. Any coincidence that Maidan, Sunflower, and Umbrella all happened around the same time in 2014? Weaponising social media was the main lesson from Arab Spring.
I was working 12 hours shifts 4 day's in a week but since i have started buying stuff from China 🇨🇳 to sells. I am now a rich man. After many years working pay hours job. China 🇨🇳 business is the best. No country can challenge China 🇨🇳 in trade .
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
You guys are inflating the role of US economy for the Chinese who, in my humble opinion, just are concerned about handling unpredictible American debt, inflation, tariffs and crazy politicians but by doing it they also are getting away from North America to avoid dependencies and are getting engaged more and more with Russia, Asia, Africa and South America.
The global South resented interference by the West in financial investments so turned to China. Much better for the local economy to import every worker from China and not use local. This has been very popular in Africa and Pakistan.
That gas thing alone has ssuch wild implications. I don't know how impactful car gasoline is on the cost of gasoline globally, but if everyone owned a 2000 mile per tank car, can you imagine what that would do to the cost of gas globally ? That would have to at least drop the cost of gas on avg 10 times. This would be huge for emerging markets who are not able to afford as much as they would like. The cascading effects of things like this are hard to comprehend
I have watched this 4 times and learn more and more each time...I totally agree America is not a real capitalistic country anymore....no competition in major sectors and we the consumer is just being abused by high prices, low quality, and no competition..what is the total opposite of China...so makes you think ..who is the real capitalistic country..specifically on the economic side of each country...really, really makes you think..and we US consumers are just being abused in America!!!!!!
China is not capitalist. It's a Communist country that has several pseudo corporations but it is all owned by the government. And China reminds every business, you always serve the party first. As for Americans, you want people to get paid more, you must pay more for everything.
At last someone who is so objective in his views of China. This is what the west need to listen to AND to understand. Why is he not more known !! HE UNDERSTANDS CHINA AND THE CHINESE and how China operates!!
It is a consumer-based economy importing everything it needs. Trump always complain about the big trade deficit with CHina, the truth is the US has trade deficits with all the nations it trades with. Why? Because the US can just print money to buy those well-earned goods of other nations. And the kicker is those dollars they earned will be invested again in the US through sales of bonds. It is like the US is double-dipping, but the US destroyed all that exorbitant benefits for being the world reserve currency by weaponizing it, thus the dedollarization movement.
@@guens01 everything but low-end consumer goods. We need to make those again. We’ve found a way to make textiles again with only 2 staff, from raw fibers to finished article. Cheaper than China, and better quality. We need to do that for all other consumer goods.
Thank you Louis for explaining how government "subsidies" work in China. So the banks fund all the different players in the 'favored' sector and take a hit when the 'Hunger Games" eliminate all the pretenders. Competition among the players drive innovation, resulting in a spike of new products. Real contenders win by being the most innovative players in the Hunger games. Meanwhile, Gov bank losses are 'recovered' (sort of) when the winners go global and dominate markets overseas. At the same time, in the US, sectors are dominated by only a few big players (with very little competition) that are too big to fail. They are more interested in protecting their incumbent positions than real innovation. So, ironically, 'communist' China is more capitalist in practice than capitalist US. Great Insight. Thank you.
It’s pointless to speak about global commodity prices as markets are completely fragmented. Russian and Chinese governments decide what prices are going to be for them. Investors and traders are irrelevant
well.. trump started the trade war. I remember before the trade war China has signed an agreement to purchase lots of agriculture products from US.. but US break the contract and all shit losses...
@@TacticalMayo Boats come from China to USA full and go back empty - Tariffs cause inflation. Keep flying that USA flag as your gov prints more $ to cover it all up. Its un-sustainable
I couldn’t read all the comments but from what I’ve read everything was logical. What I don’t understand is why comments on yahoo is just mean and nasty?
Chinese has a saying, “悶聲發大財” (Develop in low profile). Chinese government and people has done a lot without advertising them all around the world, unlike the West who advertising a lot but do very little.
Everyone was looking to USA for leadership and direction, but it has not happened, China then copied the blueprint and as a great copier of technology and machines, they know dominated the market, but the growth is not only in domestic market, their greatest move is developing other countries infrastructure so it can supply their products, the west and the USA have not done this in over 300 years and now new players are lining up to fulfill the various requirements needed for their country.
Excellent Excellent guest Ed. Always good to know Louis' latest thinking and discoveries. And Ed it is very good to see that you are free of the BS from the US Politicians, and come to view China not from a biased angle. It's not easy to wake up; but once you notice their BS rhetoric, it is impossible to un-see it.
One observation on commodity pricing. I think Western powers no longer hold price, growth and trade information on commodity because lots of commodity trades are NOT transacted thru Chicago in dollar or London in Stirling. Instead transacted thru national currency within BRICS+ circle, and even within BRI circle. This suggests two things for Western farmers or mining companies including exposure to high risk of over-production, and acting only as the supplementary supplier when there is a shortfall of supply. Both lead to lower price for commodity Western farmers or mining companies produced, whilst non-Western farmers or mining companies can enjoy a long-term contract at affordable price to buy and profitable price to sell.
China stock and bonds market are only 60% of GDP, while Chinese average families safe 30% disposal income on their bank saving account. Compared USA, stocks and bonds market value are 3 times of GDP, while the USA average family safe account only for one month daily cost. Financial market in USA is much higher leverage and significantly impact directly to the economy than China does.
What is probably debatable is most don't explain why China made such an impact where USA and allies failed in their colonial and post colonial era? Like professor Howard Nicholas pointed out democracy does not entertain all countries' progress but export poverty. Even the economic climate is complex because democracy does not have skills to navigate differences without force, sanctions and coercion?
Great economical talks guys. I've learnt a lot and it was a great insight in the financial situation in China and the world, as a whole. And surprisingly unbiased from a Western source, good job 👍
This was a fantastic video. Lately I have been spending a lot more time focusing on some of the amazing things coming out of China. Truly fascinating to learn more about how their economic system works differently from the US.
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Good investors think the same like gold oil.I'm sure you have invested in wheat.Yeah that's the same as china andBRICS
Gold oil and wheat
*No he made a mistake in the video: in fact the car he was talking about in the BYD Dolphin 2,400 to 2500 km per tank in real world tests by all the RUclipsrs so they under reported it in their official advertisement paper (that is pretty rare, Google videos for BYD Dolphin real world tests).*
What a silly headline! America is finished! It's in the last fazes of complete collapse. And good riddance. Austria might wake up that we don't need them and never did need help from an allied half way around the world! Wake up Australia. America is sucking us dry! What are we sucking?
It is nothing to do the communism or capitalism, rather the Chinese civilization, which plays important role in nowadays Chinese development and beats all those western pirate countries.
Not China beats US in Capitalism but Communism Beats Capitalism, as Karl Max said that "it ... would eventually destroy itself as more people become relegated to working-class status, inequality rises, and competition drives corporate profits to zero..."
It is not China not wanting to trade with the USA. It is the USA not wanting to trade with China by sanctioning and threatening China. If the USA lose, don't blame China. Blame those who walk the corridor of power.
Unfortunately american politicians still blame you even though they lost the trade war!
What are you talking about? Maybe I'm not sure what you mean as I don't know much about trade. Almost everything sold in the USA is made in China. China has risen to the status of a superpower, a significant factor is trade with the USA. China is wanting what benefits China, if it didn't see trade with USA as beneficial then it would not want it.
There is however a large trade imbalance...the USA is the larger importer from China. Is this not a problem for the USA to deal with? What exactly is your understanding of USA reasoning for sanctions or tariffs? Are they in the interest of the USA or not? In as much as China is both a benefactor and competitor in relation to USA, what do you think is the best interest of the USA (or world)? Do you have some intelligent comprehension and response to my questions? Thank you.
@@Elephant_King_Gjso what caused the trade deficit in your intelligent opinion?
USA will lose for sure , because these days US imports not just electronics but even food from China. Guess if China suspends the food export?
@@Elephant_King_Gjinstead of trading with China, why not just trade with other nations to get what US wants instead?
It's the nature of merchants to put their interest on top of others. If you are the person who sells your products to other countries, would you not prioritise your own benefits and interests?
Nobody is forcing the US to buy stuff from other nations. As a matter of fact, the US could have considered other alternative suppliers instead, if the intention is to reduce the deficit in trade with China. Why not consider India too?
Slapping tariffs on products imported from China doesn't hurt China much, but it definitely affects the US consumers profoundly.
Also, there are many alternatives to things that China wants. Lots of alternative suppliers are there for China to choose from. Just because China chooses suppliers other than the US, the US politicians get mad at China? This is absurd.
The US gets praise for leading in trade. When China leads, it's called distortion.
The US doesn't lead the world in trade. China does, by far. US total trade is a tiny fraction of Chinese total trade. Look at each country's top trading partner; most of them have china. And look at shipping ports - china has 7 of the biggest 10 shipping ports and the US has zero. US has one in the Top 20 shipping ports whilc China has more than a dozen.
@@davidrichards1741
Their point was that WHEN the U.S. led in trade in last decades, it was lauded as the success of an exceptional country. When China takes the lead today, it’s suddenly called “distortion” and “overproduction” by the “Collective West”.
@@arthurhwang117 Ahhh, I see. Agreed. Apologies for my poor reading comprehension of the original comment.
@@arthurhwang117 Yes we are woke and criticize anyone for being more efficient and productive. We want all to be similarly useless. To tale from those who produce more to give to those who produce less.
@@davidrichards1741more than a dozen
👇
China has acquired a global network of strategically vital ports
Beijing’s investments along some of the world’s key waterways have significant military implications
A decade later, China owns or operates ports and terminals at nearly 100 locations in over 50 countries, spanning every ocean and every continent. Many are located along some of the world’s most strategic waterways.
WP
keep printing money and blame China for taking US jobs. that will help US economy every US president will tell you that.
Btw China is printing many times more than USA. All Chinese technologies are stolen or fakes.
China is so angry now because America printed so much dollars that it is causing global inflation and recession.
USA has printed 6.5 times its M2 money supply in 30 years
I checked . . .
China printed more money,
171 times more in 30 years
and China is printing much more now to save the real estate industry.
(And practically everything else)
。
China GDP grew 47 times only .
But money supply was increased by 171 times .
America's GDP went up only 4 times .
And America's money supply only went up 6.5 times .
Therefore, China printed 400% more money than its GDP growth.
While America only printed 70% of its GDP growth.
Well tell the Chinese millionaires to stop putting their money into our system and tell the illegal Chinese migrants to stop coming, they didn't get your memo, oh that's right in reality that is what is really happening, China is crumbling from the government inside while selling you propaganda to the outside, but the actual Chinese people living inside of China are trying to get out and into America, you fell for the banana in the tailpipe.
Blame others when they fail to do their jobs.
Most of Americans believe that the no.1 reason of their failure is they put much money into wars, they never realize the true reason is that their younger generation do not study as hard as the chinese, we have more than 10 or 20 times more engineers and scientists graduated every year than the US
Just pray to God they don't surpass the United States
China is uplifting the developing world!🎉
Uplifts all sound reasoning in ALL NATIONS!
@@SagittarianArrowslong-lived china
My country Malaysia and our neighbor Thailand announced joining BRICS on 29th this month, and our currencies soared against the dollar. That means the world has decreased confidence in the dollar.
Exactly! But some countries get jealous, angry and resentful i/o being thankful.
While China is developing the world and its economy, USA is busy destroying the world with the system they created
China is smart, strategic and forward thinking. It becomes the global dominance through trade, respect and collaboration which the world should learn from ❤
It did. China was new and exciting. 400,000 westerners lived and worked in China. trade and cultural exchanges flourished. Sadly this is past tense. Most of the foreigners have left along with their investments. Where once trust was the foundation, now there is none.
@@johnbaker5565Huh? How did you know? What I discovered is exactly opposite of what you claimed! Interesting !
@@Lim-212 We can explore. Has the number of foreigners residing in China diminished by 80% + ? Have the phrases Lying Flat and Garbage Time of History emerged due to popular government support or the opposite? Are companies disengaging from China and relocating to places like Vietnam and India? Seems like they are, who ever is providing you with data, is misleading you.
@johnbaker5565 lol, the US has essentially said don't travel to China, because it's not safe?
none from themselves or from geopolitics/governments@@johnbaker5565
The US has capitalism for the common folks and socialism for big businesses and their owners. China has socialism for the common folks and capitalism for big businesses and their owners.
Quite true.
Yup, in addition the USA sticks it's debt mostly on the common folks. While the Chinese stick their debt mostly on big business
❤Precisely well said and well OBSERVED.
There's no denying that China has risen and US is facing the sunset. Just look at the US crumbling infrastructures, unemployment and inflation.
agree
China leads the world in 37 out of 44 critical technologies and America only leads in 7, according to the Australian Strategic Policy Institute (ASPI).
bravo chine - brave new world...
ASPI is a political arm of American construct. I would take what they say with a ton of salt.
@@daniellee8720dude the one thing the Americans on both sides of the aisle can agree upon is China is bad, bad, bad
The Aussies are no different
ASPI is a Australian Government funded think tank
But if you really don’t believe their report???!
Then it’s up to you to find facts that dispute what they assert
Infact if you dig a little further into the 7 critical technologies the Chinese do not hold a clear lead???
Like Open A.I.
👇
In One Key A.I. Metric, China Pulls Ahead of the U.S.: Talent
Paul Mozur reported from Taipei, Taiwan, and Cade Metz from San Francisco.
March 22, 2024
Researchers originally from China now make up 38 percent of the top A.I. researchers working in the United States, with Americans making up 37 percent, according to the research.
NYT
Agreed with the above poster. ASPI is just as likely to be hyping the China threat so it can lobby the governments on behalf of their MIC constituents for money
And ASPI is anti China too
I am from Hong Kong, an Economics graduate, and spent most of my 30-year banking career with US institutions covering the region. This is the highest quality discussion on current China macro economy I have ever seen.
French quality
The top market for China is China, the biggest consumer market in the world. China's 2nd biggest market is SE Asia, a region of nearly 1-billion people with a real economy PPP that now exceeds Western Europe ex-Russia and keeps growing ten times faster each year than the EU. The rest of Asia is currently China's #3 market. The US and EU are China's 4th and 5th largest markets now.
Net trade surplus...only USA and the West make up for most of its surpluses.
Western world only consist 15~20% of world population, while Global South is actually he majority market.
US and EU are worried about their own markets, while China is advancing in world markets.
@@merrick6484 The entire west incl japan, if you like, has 1.03 billion ppl of the 8.2 billion ppl in the world, so only 12.5% of the world population. And the "global south" now calls itself the "global majority" including the growing BRICS which increasingly represents it.
When we visit the many economic threads about China, they paint a very different picture. Housing crisis, local government debt, capitol flight, unemployment.
Malaysia and Indonesia is big in terms of middle class and through PPP measure.
You only need to visit sny first tier chinese city. The diff is obvious. They got subways, high speed trains, cashless 6G mobile economy, safe, clean , green economy EVs, electric buses, service focussed from food delivery, online shopping, package delivery, affordable, diverse food , friendly ppl , no guns or drugs or theft. Unmatched period
This is all true. Chinese are so ungrateful sneaking their wealth out of China. Some are even sneaking across the Mexican Border.
Its not only China but the East and South.. Most of 3rd world country teram are no longer valid.
They still have a lot of hidden poverty and exploitation ,also plastic, chem,industrial pollution . Though they are positioned them self to change or get on top of that . The US is going the other way especially on poverty, there industry has become financialised and deindustrilised ,however Europe and Britain are probably headed in and even worse direction industrially
@@hamishfullerton7309 China in 2023 installed more solar panels in 1 year than the US in its history.
China is close to having 50% of its energy fully on renewable energy.
China will be the only country who fully meets the Climate Goals on tbe planet.
How do you earn money then ? Or do you invest ?...
This guy knows what he does, and is way smarter than those people who got invited on CNBC
He has a good point that the Stock market is not the real economy. The real economy is the value adding Manufacturing. China is decoupling from USA because USA has nothing to offer to China. The chip war is the final break. USA plays a big role in this supply chain and China accepted the arrangement but the sanctions convinced China to be independent in the Chip supply chain As such USA lost its last hold China and created another competitor.
US: China buys all our chips. Politicians: I have a great idea, let's cut off sales and hurt them. US manufacturers: We lost 50% of our sales, and now they're making their own chips. We'll be closing in 5 years.
@CheeLiekHo, forgive me but I think you got something wrong...
"... China is decoupling from USA .." The truth is USA is decoupling from China. China had no reason to isolate USA unless the latter starts the provocation.
".. USA plays a big role in this supply chain .." Are you sure it is not the other way round? Maybe they mutually depended on one another with respect to supplies.
This man is an expert, definitely not a politician. Politicians don’t even like to listen to the truth.
Just leftist nonsense.
@@TacticalMayoCong.RAT.ulations Taco Head:
You soiled your way thru much of the comment section with your anti-Chinese smear job.
Numbers don't lie unless it's been cooked
ofc he's no politician. no politician has ever taken econ 100/101
28:00 One big reason commodity prices are down is that before the Ukraine war, everything went through Chicago. After the West sanctioned Russia, the Brics countries accelerated their own payment system, so that data is no longer readily available to traders in the West, and commodity traders in Chicago are now flying blind. Kevin from the Inside China Business channel did an episode on this a few days ago
Kevin is the man
Tells it like it is
He also explained what Louis Gave in this video questioned, what's China's doing with $100B/month surplus. Look up Kevin's video "China isn't dumping dollars They're dumping banks"
and it means only one thing the commodity prices will be different in Brics and Aucus countries. 😉 otherwise the market price cannot be defined
Can you share the link? Thanks
Kevin is great
As a Chinese, this is the most accurate and deepest understanding of Chinese econonics
To find out what China is going to be all about in 5 or 10 years examine their 5 year plans. They're spot on with their planning as we all know.
They have not planned for the lying flat generation.
The intriguing question to pose is then, if they publish their 5-year plan all the time over these many decades, why the regimes in the US-led collective West did not appear wanting to study the 5-year plan and work on their respective policies and implement them accordingly?
For instance, way back in early 2000s, China already made it clear with their government documents which were readily accessible at their government websites that they would invest huge in green energy sector and electric vehicles, yet 20 years later today, the regimes in the West are deploying tariffs at 30%, 40% or even up to 100% as the only measure to deal with it.
I have in my own archive a documentary "Detropia" (which was reported on by an episode of Q&A at C-SPAN site), which showed that way back in early 2010s BYD was already participating in the Auto Show in the US, and got laughed at by other US auto companies right at the show site. And look at it now!
@@resnica3557I wonder who got the last laugh.😂😂😂
@@resnica3557Pretty Scary to say the least. CCP delivers what it has promised years before- while American elites struggling to identify gender issues.
@@resnica3557 Well, they did look at it. Made in china 2025 did trigger an alarm bell as a national security threat.
For the record China manufactured and installed 350 GW of solar and wind power in 2023. 350 GW of power is the equivalent of 120 nuclear power plants. Since China spends the equivalent of over $300,000,000,000 USD a year on oil. The Chinese will be happy to pay a $100 billion USD a year or more for wind, solar and nuclear.
Yup to add to your post
👇
China is responsible for 33% of the world’s energy-related CO2 emissions today, but this will reduce to 22% by 2050, a reduction in annual emissions of 8 GtCO2 (three times the size of Europe’s decarbonization over the same period)
China’s power mix shifts from 30% renewable today to 88% by 2050
Solar makes up 5% of power generation in China today - this will rise to 38% by 2050
Oil consumption only halves by 2050 from its 2027 peak, while natural gas peaks in the 2030s before returning to today’s levels by mid-century
China will further extend its position as the world’s green energy leader with unrivalled build-out and export of renewable technology
DNV
JANUARY 30, 2023
3 MIN READ
China Invests $546 Billion in Clean Energy, Far Surpassing the U.S.
China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing
Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF.
The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries.
Scientific American
👇
Analysis: Clean energy was top driver of China’s economic growth in 2023
Other key findings of the analysis include:
Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023.
China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 - and similar to the GDP of Switzerland or Turkey.
Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year.
Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023.
Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0%
CarbonBrief
👇
Fossil Fuel Subsidies Surged to Record $7 Trillion
Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change
IMF
@@FAFORednickincell Yet China is currently building over half of the new coal plants in the world.
@@miki-i6094
Time to stop reading headlines and start doing some research
The real problem is China shut down too many coal mines, and coal powered power stations when they were not ready
China is still decades away
👇
China’s energy crisis shows just how hard it will be to reach net zero Published: October 8, 2021 11.18am EDT
To this end, China has been cracking down on coal, which still generates around two-thirds of its electricity. The state has been shutting down small and inefficient mines and putting restrictions on coal production. Consequently, coal output has been falling in many months in 2021, while coal imports were also low.
But this drove up the price of coal, and electricity-generating companies could not pass on the costs to consumers because of national price caps. Faced with generating electricity at a loss, major players have simply stopped producing.
To make matters worse, China has had an exceptionally hot summer (which itself is being blamed on climate change). The dry windless weather has meant that China’s wind and hydroelectric power have been generating less electricity than usual.
The Conversation
👇
The Unintended Consequences of Coal-fired Power Plant Closures: Evidence from China Yi Fan∗, Qiuxia Gao†, and Cheng Keat Tang‡ May 15, 2023
As a result more than 180 coal-fired power plants with a total production capacity of more than 70 million megawatts (MW) was retired across China from 2000 to 2014
ABEFR
@@miki-i6094 And China is currently shutting down old coal plants more than all other countries combined in the world
China focuses on Mutual Respect and Win-Win Trade with other countries. Whereas the Hegemonic US focuses on Domination and Destabilization in other countries
When Chinese came to Africa, they talked about trade.
When Americans came to Africa, they talked about China.
China is hard working and became successful competitor.
USA was sleeping on the past and start to play foul instead compeat!
Impossible to be win-win when you challenge for the number one spot. Because there can only be a win, lose or lose lose
@@andreheck9545they are not a competitor. They are the enemy.
@@TacticalMayo China will be a Dominant Player in the world whereas the Hegemonic US wants to assert its World Domination over the rest of the world under the America First doctrine
I love how this guy is so unbiased and truly letting his thoughts known with facts....the fact that China's stock market is not truly tied to the Chinese actual economy like in America...I was not aware of this. It is refreshing to hear an expert that is not biased and speaking facts!!!!
French quality
The Chineae save approximately 30% of their earnings, they will transition to a consumption based economy when global recession goes full blown. The CPC had foresight and worked towards poverty alleviating for two clear reasons. They broight over 800 million citizens out of extreme poverty. First when the ppl have savings, jobs, healthcare, education and Hope for the future, there will be peace and harmony instead of revolutions. Secondly its building a broad based population that can power internal consumption when the sh"t hits the fan and global growth grinds to a halt. Thats the kinda government we need, one who plan ahead and ensures its ppl will survive the current western stupidity and wokeness. Billions to fund wars and conflict but no money for the homeless.
Which is why the youth are "LYING FLAT" in the Garbage Time of History.
When the meaning of these is explained, it does not look promising for China.
Very insightful comment and very prescient of their govt.
Its tough when the govt changes ideology every 8 years.
Are you current with the latest development within China, more people (including civil servants) are losing their livelihoods and even their homes, whether through floods or even the inability to continue paying through the mortgages, so what rubbish hope for the Chinese future are you falsely portraying?
@chett4097 cite your sources mate, you just sound like you had sour grapes
Every 5-10 years the China govt re-gear and focus the new productivity development and make relevant economic plan and policies for the next 10-50 years.
In between, the govt cleaning up the side effects and bad effects of development from before in other words re-adjusting the structure of the economy.
One reason why EV is making huge wave in China is that the car electric chargers or various kinds are widely available all over the country.
1) It helps that the government stays in power for 10 -20 years and can focus on long term goals.
2) China is lucky to be led by experienced politicians who are mostly engineers, scientists or academics. They have worked their way up from village to county, town, city, province to national level. Anyone incompetent is eliminated in this long process, and leaders have superb administrative skills.
US presidents recently are often ex-congressmen and senators who were formerly attorneys. If not lawyers, presidents are film or reality TV stars. . They are good at speaking, criticizing and negotiating, but less good at managing, especially complex technical issues.
3)In China, government decision usually prioritize the national interest above narrow parochial interests. Without elections, there is no need to get bloc votes or campaign finance from interest groups, so decisions are based on reason and logic.
NIMBYs are also much rarer in China than in the West, so things get done much faster.
4) China's government has better finances than most Western countries. Covid and the property collapse has created huge deficits, but the financial system is backed with huge savings and a giant trade surplus. That financial freedom gives the government the latitude to do long term planning.
@@kenlek869 In USA, Capital and interest groups regulates the govt. In China it's the opposite.
@@kenlek869well said👍
Finally a Western expert that knows what he is talking about.
He's not a western expert
French quality
French quality
I've told people that the US stock market is an economic hostage situation. Our government is forced to cater to Wallstreet or face a lot of angry voters who were just bankrupted by Hedgefund short positions.
There's no way you're saying this to Americans
@TacticalMayo People can't afford groceries they can't afford rent. They can't afford health care or health insurance. They can't find gainful employment and have to work 2 or even 3 part-time jobs. You have public school teachers living in their car. Yet the markets don't reflect any of that. The financial system has become parasitic. Our economic inequalities looks like something out of France before the Reign of Terror kicked off.
Ah, ahhh...are you a socialist boooiiiiii orrrrrrrr whhhhhaaaaattt
China has no need to 'beat' capitalism as such, because China has learned how to subordinated capital and capitalism in the service of socialism; a particular Chinese model of market socialism that it is simultaneously modernising.
It is popular. New meanings and phrases have risen from these policies, such as lying flat
@@johnbaker5565 is that something other than just being tyred and resting?
@@robertseaborne5758 It certainly does not mean being tyred which is placed over a person's head and set on fire. Surely you don't mean that?
Capital does not control the government, the government controls the capital.
@@josephdewuhan indeed, in China this is so.
If China"s exports benefits the poorer countries and improve the lives of populations, isn"t that better than waging futile wars, sanctions, etc,.....that only destroys.
Countries will do well to emulate China and improve the lives of taxpayers
Thank you for these enlightening truths.
Marxism is not against capitalism but against Imperialism, the highest form of capitalism. There is Chinese capitalism in China, the major difference is that government holds power over the state, not the oligarchy’s, like in the West.
Karl Marx Book "Das Capital" not Das Imperial
Anyone who reads Marx and Engels famous book on the working conditions of the English working class will understand his profound moral objections to the conditions imposed by capitalist factory owners. Quite horrific things were described therein that would shock anyone.
The social relations of Capitalism makes people both exploitable, and entirely expendable the moment they lose their ability to produce profit. A very different reality from feudal societies.
Imperialism is considered to be an inevitable outgrowth of capitalism. They are not distinct isolated phenomena. As a capitalist, the more commodities and capital one produces , the more resources and markets one needs to access, and preferably dominate. Our modern history could not be clearer in demonstrating the evidence on this point.
Read Marx again. He was POST-capitalist.
The product sells itself. Good quality and good price attract the consumers. China takes this strategy.
I suspect that a good chunk of China's trade surplus went to funding the Belt and Road Initiative (BRI). This is why Western economies like the G7 and EU are unable to implement their alternatives to the BRI; they can't afford it, and they're unable to keep borrowing.
中国一开始就建议美国一起推动一带一路，美国人拒绝了。可以双赢的东西为什么不合作甚至指责抹黑？
your right, they can't afford it. Neither can China, you forgot that bit.
@@johnbaker5565 Actually, China can afford it. It is paying huge dividends for China in terms of improved trade, improved international reputation, and improved diplomatic relations.
China's national debt is less than that of the United States and in line with all the other advanced economies.
@@horridohobbies The international reputation improvement is failing. In Asia, many countries are aligning against China. These include Philippines, Japan, Australia, Vietnam, India. The world sees Chinese ships ramming Philippine ones, threatening, water cannons. China was joining the world, but turned hostile. The Youth are lying flat until this garbage time of history is over.
In states like Florida, Governor DeSantis does popular policies like prohibiting any Chinese investments. They have no use for the dollar.
The government subsidizing everything isn’t capitalism. I hate how people play hot and cold with words. When china does something good or succeeds it’s because of capitalism when it fails it’s because of communism. China is a communist government that has been forced to compete in a global capitalist economy using core principles of communism. The us subsidizes it’s ev manufacturers more than china and they used those subsidies on stock buybacks. China subsidizes its ev manufacturing and they actually put that money into development good quality affordable products while ours are inaccessible to most because we are driven y the profit motive.
This should have a lot more views great fair and objective analysis
Americans can't or won't face the truth. They prefer to listen to US gov't propaganda that costs many billions of US taxpayer dollars annually.
Fair and objective? 🤣
Maybe you shouldn't use meaningless, overused adjectives like 'fair & objective'...!!!
This guy's explanation of 40 car companies competing for a few survive is the reality.
Diverifying is key. Thats why they were able to give the US the middle finger
China gives everyone the middle finger and is discovering it has no friends or allies, only clients. Recent examples, India, Japan, Philippines, Vietnam, Australia, Burma,
Absolutely fantastic discussion.
Great that you could have Louis V Gave on this show.
“The US economy is massively financialised”. Just about sums it up.
US and Western countries only make up 800 millions people.There are 7.5 billions people around the world 🌎🌍🌏. So, China is expanding its trade with the rest of the world. This call economics of scale. Since Joseph term the rest of the world as forest. China like to help those forest to be self reliance and develop itself with affordable goods and services and built good infrastructure, expand financial services. While the US and the West countries like goes to wars and regime change to get access free resources from those countries.
Some e-diots call it "overcapacity" 🤣
Louis is the truth teller. Like his synthetic and clever approach.
One of the best source of knowledge on competition among China, US and EU
XI JING PING It's not communism,
( they are wrong)
.Describing ideas coming from his head the top-down
.They come from the people and he listens to the people
.That's something Western citizens don't understand leaders that listen to their people.😂
I'm sorry you're so deprived
COPE🎉
I think it is top down... Too many 'low iq' at bottom, and there is so many and who to listen to... 'low iq' also demand their voice being heard.
they may have ideas from bottom, but there are also studied along with known thinkers' ideas, before decision are made... it is still top down... Maybe you think all ideas come from Xi Jing PIng? definitely not... Not enough time.. Brain not big enough... he has to delegate.
The interview finally gets the epiphany, "that's really good for the middle class (in China)."
Finally realizing the CPC.
Talking about Paris 2024, China played a huge role in securing safely for the period. Chinese AI and supporting technology kept Paris and France very safe. But no thanks from macron.
The worst part is if anything goes wrong then it’s China’s fault 😩
Capitalism without bankruptcy is like Christianity without hell. Brilliant!
Is socialism better?
I think the low tourists visit to the US is not only due to things being expensive, it's the high crime rate.
One observation. The 100B dollar all Chinese firms earned collectively per month is also being used to as “China loan” to any third party country for developing infrastructure, selected & mutually agreed upon industry under swap or bilaterial business agreement thru BRI or not, except the payback currency term is defined thru RMB only. That’s a smart and sustainable way to consume abundant yet depreciatable monthly dollar inflow whilst continue marching on RMB internationalization in a long process of de-dollarization.
Louis always has great insights
Stock Market ownership in the US vs. China gives a new understanding to the fundamentals!
Thank you for a candid, rational, and logical presentation.
Those Chinese cars are a very comfortable ride and well made. In a word they are Amazing!😮😊
8:06 Up until 2022, neither Russia nor China had any inclination to move from the dollar denominated trade system. Theft of Russian USD foreign reserves plus expulsion from Swift changed all that. Not just for Russia but for every country that previously trusted the Americans or Europeans to do the right thing by their financial relations. The UK had long since demonstrated their lack of trustworthiness by seizing billions in Venezualan gold. The Americans simply doubled and tripled down on the concept. Trust once broken can rarely be regained.
Were there perhaps any particular events setting off in 2022 that resulted Russia getting kicked out from the swift system, as the sole ejectee?
Were you just born today?....google the words sanction and US...
@@666ortiz What about those events in Afghanistan, Grenada, Libya, Iraq, Vietnam - has the perpetrator been kicked out of SWIFT? SWIFT is supposed to be neutral and a service to all countries. Moreover, unilateral sanctions are illegal.
@@666ortiz
Nope.
But the possiblity was considered by commentators as Russia is too powerful for normal sanctions to do much. They just thought it was unlikely considering the fallout of the unknown consequences.
Guess what US went and did it.
That pretty much signaled countries don't want to be US vassals that it was time to find alternative for SWIFT.
Problem is most people in West prefer to listen to opiate over the truth...they prefer sugar coat or even hot air.
No because in the west we're telling you it won't be accepted. I mean that's what we keep trying to say there's no conversation anymore. When you reach for our 🇺🇸 number one spot we get abnormally irrational and we take the route that everyone doesn't want us to. But that was China's choice for pushing us that way cuz we won't accept number two.
As a Hong Kong resident, I agree with Louis that unaffordable property prices and resulting high cost of living was a factor behind the riots n 2019.
It's part of the reason. Main reason can be deduced by the large number of full sized US flags the rioters carry. These flags are not normally sold at retail level. It also shows that China is not interfering in Hong Kong politics, otherwise the property situation will not be allowed to fester.
@@GlobalTribal Polarised local conditions presented an opportunity for foreign actors. Any coincidence that Maidan, Sunflower, and Umbrella all happened around the same time in 2014? Weaponising social media was the main lesson from Arab Spring.
And also the CIA
Nope!It's colour revolution funded by the US...Just like how they did in Ukraine and other countries!
Steve Bannon was already caught on camera instructing the condoms. Enough with the lies
One word on this interview: WOW !!! They truly have the in site of China PRC today....
Thank you for being objective in your views based on facts and data. Please keep up your good work.
No, it's not 🤣
What you can do, China can do better, very much better. This is the new paradigm.
I hope you like fallout 4 ☢️
I was working 12 hours shifts 4 day's in a week but since i have started buying stuff from China 🇨🇳 to sells. I am now a rich man. After many years working pay hours job. China 🇨🇳 business is the best. No country can challenge China 🇨🇳 in trade .
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
If you travel extensively,, you will understand what Louis is talking about. Very Accurate Louis.
You guys are inflating the role of US economy for the Chinese who, in my humble opinion, just are concerned about handling unpredictible American debt, inflation, tariffs and crazy politicians but by doing it they also are getting away from North America to avoid dependencies and are getting engaged more and more with Russia, Asia, Africa and South America.
The global South resented interference by the West in financial investments so turned to China. Much better for the local economy to import every worker from China and not use local. This has been very popular in Africa and Pakistan.
@@johnbaker5565yes. That’s why so many countries are trying to join brics until the group had to stop processing new applications for the time being.
@@applebee9060 It will be great for global competition if it works, If India sells to and buys stuff from China, why use $$$? It is about trust.
Did you say the politicians in South America and Africa are steadfast and reliable but definitely not crazy? Hmmm!
🎉🎉🎉🎉
他真的务实，聪明，最重要的是诚实。 这样的人肯定可以成功！
Great logical insights. Educational
That gas thing alone has ssuch wild implications. I don't know how impactful car gasoline is on the cost of gasoline globally, but if everyone owned a 2000 mile per tank car, can you imagine what that would do to the cost of gas globally ? That would have to at least drop the cost of gas on avg 10 times. This would be huge for emerging markets who are not able to afford as much as they would like. The cascading effects of things like this are hard to comprehend
He's mistaken. It's a PHEV and the mileage is real, but it's the combined mileage of a full tank of gas and a fully charged battery.
Emerging markets can buy Chinese cars; the G7 are not permitted to do the same. Uncle Sam's rules.
The logistics cost of EVERYTHING will go down
@@TerryAShawAustralia buys Chinese
@@sustainablerenewableintegr8311Not trucking and shipping in the short to medium term
I have watched this 4 times and learn more and more each time...I totally agree America is not a real capitalistic country anymore....no competition in major sectors and we the consumer is just being abused by high prices, low quality, and no competition..what is the total opposite of China...so makes you think ..who is the real capitalistic country..specifically on the economic side of each country...really, really makes you think..and we US consumers are just being abused in America!!!!!!
China is not capitalist. It's a Communist country that has several pseudo corporations but it is all owned by the government. And China reminds every business, you always serve the party first.
As for Americans, you want people to get paid more, you must pay more for everything.
Thank you for USA’s efforts in pressing China to diversify their clients and dump their boss, who simply keep on printing non back up money.
Oh just wait till you see how the US reacts to everything. They didn't change their doctrine for nothing.
At last someone who is so objective in his views of China. This is what the west need to listen to AND to understand. Why is he not more known !! HE UNDERSTANDS CHINA AND THE CHINESE and how China operates!!
No problem. The US is dominating imports 😀
The USA isn't an export-base economy, except in wartime for munitions. We consume what we make.
It is a consumer-based economy importing everything it needs. Trump always complain about the big trade deficit with CHina, the truth is the US has trade deficits with all the nations it trades with.
Why? Because the US can just print money to buy those well-earned goods of other nations. And the kicker is those dollars they earned will be invested again in the US through sales of bonds. It is like the US is double-dipping, but the US destroyed all that exorbitant benefits for being the world reserve currency by weaponizing it, thus the dedollarization movement.
What do you make?
@@guens01 everything but low-end consumer goods. We need to make those again. We’ve found a way to make textiles again with only 2 staff, from raw fibers to finished article. Cheaper than China, and better quality. We need to do that for all other consumer goods.
@@blafonovision4342 I can't Eat Textiles!! Why not Eat your Dollar for Food!!
@@sunshineglow5579 you do realize the USA is the great agricultural powerhouse on the planet?
First time watcher here; very interesting chat, thank you.
Louis made a good observation about government subsidies aimed to ultimately benefit the people with reasonably priced goods and products.
Excellent and insightful discussion and learned a great deal. Thank you for such!
This guest just blew my mind with such deep understanding of china.
Thank you Louis for explaining how government "subsidies" work in China. So the banks fund all the different players in the 'favored' sector and take a hit when the 'Hunger Games" eliminate all the pretenders. Competition among the players drive innovation, resulting in a spike of new products. Real contenders win by being the most innovative players in the Hunger games. Meanwhile, Gov bank losses are 'recovered' (sort of) when the winners go global and dominate markets overseas. At the same time, in the US, sectors are dominated by only a few big players (with very little competition) that are too big to fail. They are more interested in protecting their incumbent positions than real innovation. So, ironically, 'communist' China is more capitalist in practice than capitalist US. Great Insight. Thank you.
They beat us because they went to capitalism and we went to socialism........
what socialism? they are socialist america is an oligarchy capitalism in its exptreme form
It’s pointless to speak about global commodity prices as markets are completely fragmented. Russian and Chinese governments decide what prices are going to be for them. Investors and traders are irrelevant
A very informative and unbiased conversation.
Inside China Business
The BRICS trading system is already wiping out US farmers
well.. trump started the trade war. I remember before the trade war China has signed an agreement to purchase lots of agriculture products from US.. but US break the contract and all shit losses...
Superb guest and suoerb interview!
Very good insights.
Teach your kids Mandarin
It would be a waste of time. Tou're acting like the US would just sit there idling and accept.
I hope you like fallout 4 ☢️
@@TacticalMayo More sanctions and threats. Exactly what is pushing nations towards BRICS+
Louis Gave himself studied Mandarin in Nanjing.
@@TacticalMayo Boats come from China to USA full and go back empty - Tariffs cause inflation. Keep flying that USA flag as your gov prints more $ to cover it all up. Its un-sustainable
What an intriguing interview.
I couldn’t read all the comments but from what I’ve read everything was logical.
What I don’t understand is why comments on yahoo is just mean and nasty?
who uses yahoo nowadays, maybe old people, they tend to be less logical and more mean due to their perceptions
Interesting observation
Welcome to the internet! LOL
Because the United States isn't going to just be okay with it. Nope. We're going to go to, well you know.
2:05 Reference is made to disappointing youth unemployment and consumption. Compared to what?
You are a real economist! Your views are so accurate and insightful. So many people are misleaded by the so called mainstream western medias.
That's why they are no 1 economy and we're fac....
I HOPE YOU LIKE FALLOUT 4 ☢️
I HOPE YOU LIKE FALLOUT 4 ☢️
China's subsidy was to all EVs and that included foreign EV makers in China. that was at state level, not province level.
Gordon Chang should watch this video! GORDON, ARE YOU LISTENING?
You already know what the United States is going to do about their number one spot. No one takes the crown man or the switch gets flipped.
Gordon Chang - 🙈🙉🙊
Gordon Chang knows nothing.He is paid by US to talk shit.
Everyone knows he is a big fool 😅
Chinese has a saying, “悶聲發大財” (Develop in low profile). Chinese government and people has done a lot without advertising them all around the world, unlike the West who advertising a lot but do very little.
Everyone was looking to USA for leadership and direction, but it has not happened, China then copied the blueprint and as a great copier of technology and machines, they know dominated the market, but the growth is not only in domestic market, their greatest move is developing other countries infrastructure so it can supply their products, the west and the USA have not done this in over 300 years and now new players are lining up to fulfill the various requirements needed for their country.
Excellent Excellent guest Ed. Always good to know Louis' latest thinking and discoveries. And Ed it is very good to see that you are free of the BS from the US Politicians, and come to view China not from a biased angle. It's not easy to wake up; but once you notice their BS rhetoric, it is impossible to un-see it.
One observation on commodity pricing. I think Western powers no longer hold price, growth and trade information on commodity because lots of commodity trades are NOT transacted thru Chicago in dollar or London in Stirling. Instead transacted thru national currency within BRICS+ circle, and even within BRI circle. This suggests two things for Western farmers or mining companies including exposure to high risk of over-production, and acting only as the supplementary supplier when there is a shortfall of supply. Both lead to lower price for commodity Western farmers or mining companies produced, whilst non-Western farmers or mining companies can enjoy a long-term contract at affordable price to buy and profitable price to sell.
I am hearing the same.
China stock and bonds market are only 60% of GDP, while Chinese average families safe 30% disposal income on their bank saving account.
Compared USA, stocks and bonds market value are 3 times of GDP, while the USA average family safe account only for one month daily cost.
Financial market in USA is much higher leverage and significantly impact directly to the economy than China does.
Oil companies are the new cigarette companies.
Most of the expertise from the cigarette companies moved to big agra and the junk food companies.
What is probably debatable is most don't explain why China made such an impact where USA and allies failed in their colonial and post colonial era? Like professor Howard Nicholas pointed out democracy does not entertain all countries' progress but export poverty. Even the economic climate is complex because democracy does not have skills to navigate differences without force, sanctions and coercion?
Great economical talks guys.
I've learnt a lot and it was a great insight in the financial situation in China and the world, as a whole.
And surprisingly unbiased from a Western source, good job 👍
Oh it is extremely biased m
This was a fantastic video. Lately I have been spending a lot more time focusing on some of the amazing things coming out of China. Truly fascinating to learn more about how their economic system works differently from the US.
GDP is a funny measurement; if US inflation is 10%pa, the US consumption is inflated accordingly, and US's GDP increases (inflationarily)
Take out the govt spending from the GDP, then we can see how strong the economy really is
PPP doesn't matter
⚠️Extremely informative interview. Thanks for expanding my knowledge a lot !
Thank you, excellent topic about world economy
Thank you for the insights
Surprise me, very interesting presentable video. Thank you make think better
Your FT editorial in the last week was true objectivity in a thorny politico-economic world. Well done, as is the interview.
Excellent teacher
tel père tel fils, intelligence et focus sur la vérité .... la vérité vous rendra libre !!!!