I have the same pleasant experience for buying clothing from China. I am so impressed with how my parcels are tracked all the way from shipping to arrivals at my home.
I've bought high end tech products from China recently and am impressed with quality but also service. Far exceeding expectations Very few Western companies offer this level of customer service. That they can also sell at low prices shows western manufacturers cant compete. Yet so many people still maintain the legacy prejudice of assuming that 'cheap + Chinese' = tat. That ship has sailed. Great content as usual guys. Thanks
I am glad this country rose to its current state. Been buying electronic stuff from the US prior to the China era and the prices were insane. Now I get lots of choices from them, whether cheap tier level stuff or a pricier one. The US govt thinks I'm gonna buy and pay more for made in the USA ones lol.
In complete agreement. The consumer items I’ve bought the past three years (made in China and bought on AMZN) have been amazing. Just installed (this morning) a new multi region DVD player. No comparison in packaging, manual, styling and build quality to the LG box from three years ago bought at twice the price. Don’t get me started on a super cheap laser printer that is an energizer bunny compared to its overpriced and brick of a Samsung predecessor that had days where it wouldn’t print even after I babied it (riffled the paper, etc etc).
Ideologically, China is better than America. The Chinese government takes exceptional care of its citizens. The US government neglects its citizens (with homelessness, poor health care, poor education, crumbling infrastructure, one million plus Covid deaths, declining life expectancy, rampant gun violence, the LA wildfires, etc.). The Chinese government serves *all* its citizens. The US government serves the top 1% (or 10% at best), the capitalist elite. The Chinese government garners the full support of its citizens. The American people don't trust their political system (why would they with clowns like Bush Jr, Obama, Trump, and Biden?). ➤ 79% of Chinese believe their nation is democratic, while only 57% of Americans and 55% of British do. [Source: Latana’s Democracy Perception Index 2024.] ➤ 85% of Chinese trust their government, while only 40% of Americans and 30% of British do. [Source: Edelman Trust Barometer 2024.] ➤ 76% of Chinese trust their politicians, while only 29% of Americans and 20% of British do. [Source: Open Society Barometer 2023.] ➤ 91% of Chinese are happy with their life, while only 76% of Americans and 70% of British are. [Source: Ipsos’ Global Happiness 2023.] ➤ 95.5% of Chinese are satisfied with their government. [Source: Harvard Kennedy School's Ash Center in 2020, “Taking China’s Pulse.”] ➤ 95% of Chinese believe their country is on the right track and moving in the right direction, while only 41% of Americans and 23% of British do. [Source: Ipsos’ What Worries The World survey from November, 2019.]
European descent people define economics as discussing the medium of exchange at length with cryptic financial jargon. Wealth is natural resources turned into physical goods through human effort. What else could it be?
Every time you turn around, there is another article or video about China's economic collapse. It has just become tiresome. The problem with the USA is that it simply can't compete with China. Tariffs will not solve that problem. The US economy needs a major overhaul which is going to take much longer than 4 years.
Interesting that Paul mentioned 6th gen fighters as that is exactly the technology the sanctions were supposed to contain. Also the Chinese Deep Seek V3 open source lllm is causing a re-think in tech
Different countries in 2024 have different ideas about achieving the us$1 trillion target. China did it by working hard year after year in its trade surplus. US did it by paying interest on its treasury notes, bills and bonds.
The edifice of Western finance and usury (and multinational World Bank/IMF activities) is the so-called “risk-free” rate of US Treasuries. And this arises from the USD’s role as the global reserve currency. As this erodes with new alternatives, there will be dislocations. These dislocations will be felt most immediately in the bond portfolios held by institutional/central bank investors primarily in G7+Switzerland+OPEC. China (and recently Japan) has been a net liquidator for a greater part of a decade. Trump’s threats to punish nations that bypass the dollar reflect the doomsday scenario of the snowballing avoidance of the USD. Cornered, the US has no alternative but to start another war. The world is watching. You should too.
What will America offer to buy Greenland? A Billion? 5Billion? 100 Billion? What will Russia, China and BRICS OFFER Greenland? 500billion?800 Billions? America can't afford The Isle of White lol! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Over the past 4 years that cover the Covid period, China’s GDP growth rate was 2.5 times greater than US and 5 times greater than EU. China is the only major country that the IMF has raised its growth forecast for 2025.
Gordon Chong made a career by forecasting the collapse of China within the next 12 months…he said that in early 1990s and people listened to him, not because of reason but more because of that is what they wanted it to happen…but after over 15 years of being wrong each year Gordan Ching then pivoted to saying Chinese economy is struggling but ver the past year has gone back to Chinas collapse as media is on that false narrative !!!
What happens countries can no longer afford their balance of payments defficit with China? China take over things to pay the debt, other countries have no money to buy Chinese goods, how will it end?
Chinese economy has slowed down significantly, due to internal problems like the real estate bubble, which is still undergoing painful resolution, economic rejiggering to move up the product chain, and the changing outlook of the workforce (think Gen Z). The external impacts include the West's very harsh sanctions as well as the Russo-Ukrainian war. That said, the trade surplus is increasing because the West is (1) not successful in restarting the manufacturing economy and (2) not successful in establishing alternative supply chains.
both US and China has fiat economies, US overspend by 28% while China overspend by 16%. both economy are financized, you can argue China is less leveraged, but both economy are driven by growing debt. and honestly, China has no choice, if China don't print money, RMB will rise against USD. as long as China wish to maintain stable exchange rate, they will have to follow the general direction of the market.
Only 1 point I disagree with, the recent China wants a stronger RMB to internationalise the RMB. It’s a fight for a portion of the global capital to make US gov borrowing more expensive. RMB is weakening against the USD due to dollar milkshake, unlikely to be an intended consequence of Chinese policy making. If the intended consequence of a purposely weakened RMB, this would counter the move to internationalise the RMB like currency swap arrangements.
5:30 China PRC trading partners: This is ALL YOU NEED TO KNOW of The world has become a board game in which: USA is playing Checkers, thinking 1 move ahead. USA #1 trading partner is still China PRC Russia is playing Chess, thinking 5 moves ahead. Russia #1 trading partner, thanks US sanction, is China China is playing Go (Weiqi 围棋), thinking 10 moves ahead. China #1 trading partner today is ASEAN
Thanks Ken and Paul. Not many Westerners can speak so frankly and analytically like you both do about China and the World. Excellent video.
I have the same pleasant experience for buying clothing from China. I am so impressed with how my parcels are tracked all the way from shipping to arrivals at my home.
Can be said the same of the ASEAN countries product, for 80% of their export are done by said Chinese Factory.
I've bought high end tech products from China recently and am impressed with quality but also service. Far exceeding expectations Very few Western companies offer this level of customer service. That they can also sell at low prices shows western manufacturers cant compete. Yet so many people still maintain the legacy prejudice of assuming that 'cheap + Chinese' = tat. That ship has sailed.
Great content as usual guys. Thanks
I am glad this country rose to its current state. Been buying electronic stuff from the US prior to the China era and the prices were insane.
Now I get lots of choices from them, whether cheap tier level stuff or a pricier one.
The US govt thinks I'm gonna buy and pay more for made in the USA ones lol.
I have been buying stuff like that for years and never had a problem with it.
In complete agreement. The consumer items I’ve bought the past three years (made in China and bought on AMZN) have been amazing. Just installed (this morning) a new multi region DVD player. No comparison in packaging, manual, styling and build quality to the LG box from three years ago bought at twice the price. Don’t get me started on a super cheap laser printer that is an energizer bunny compared to its overpriced and brick of a Samsung predecessor that had days where it wouldn’t print even after I babied it (riffled the paper, etc etc).
Ideologically, China is better than America. The Chinese government takes exceptional care of its citizens. The US government neglects its citizens (with homelessness, poor health care, poor education, crumbling infrastructure, one million plus Covid deaths, declining life expectancy, rampant gun violence, the LA wildfires, etc.).
The Chinese government serves *all* its citizens. The US government serves the top 1% (or 10% at best), the capitalist elite.
The Chinese government garners the full support of its citizens. The American people don't trust their political system (why would they with clowns like Bush Jr, Obama, Trump, and Biden?).
➤ 79% of Chinese believe their nation is democratic, while only 57% of Americans and 55% of British do. [Source: Latana’s Democracy Perception Index 2024.]
➤ 85% of Chinese trust their government, while only 40% of Americans and 30% of British do. [Source: Edelman Trust Barometer 2024.]
➤ 76% of Chinese trust their politicians, while only 29% of Americans and 20% of British do. [Source: Open Society Barometer 2023.]
➤ 91% of Chinese are happy with their life, while only 76% of Americans and 70% of British are. [Source: Ipsos’ Global Happiness 2023.]
➤ 95.5% of Chinese are satisfied with their government. [Source: Harvard Kennedy School's Ash Center in 2020, “Taking China’s Pulse.”]
➤ 95% of Chinese believe their country is on the right track and moving in the right direction, while only 41% of Americans and 23% of British do. [Source: Ipsos’ What Worries The World survey from November, 2019.]
Deng Xiaoping said "To Get Rich is Glorious"
The last number is way less than 41% in America in 2025. It's closer to 25%.
Despite the talk of going away from Chinese products...the numbers are stronger than ever
European descent people define economics as discussing the medium of exchange at length with cryptic financial jargon.
Wealth is natural resources turned into physical goods through human effort. What else could it be?
Every time you turn around, there is another article or video about China's economic collapse. It has just become tiresome. The problem with the USA is that it simply can't compete with China. Tariffs will not solve that problem. The US economy needs a major overhaul which is going to take much longer than 4 years.
Interesting that Paul mentioned 6th gen fighters as that is exactly the technology the sanctions were supposed to contain. Also the Chinese Deep Seek V3 open source lllm is causing a re-think in tech
Both you guys are awesome
It's not just "Fear"
It's "Realisation"
Different countries in 2024 have different ideas about achieving the us$1 trillion target.
China did it by working hard year after year in its trade surplus.
US did it by paying interest on its treasury notes, bills and bonds.
Thanks for your factual reporting.
Thank you gentlemen.
Thank you Paul and Ken!
The edifice of Western finance and usury (and multinational World Bank/IMF activities) is the so-called “risk-free” rate of US Treasuries. And this arises from the USD’s role as the global reserve currency. As this erodes with new alternatives, there will be dislocations.
These dislocations will be felt most immediately in the bond portfolios held by institutional/central bank investors primarily in G7+Switzerland+OPEC. China (and recently Japan) has been a net liquidator for a greater part of a decade. Trump’s threats to punish nations that bypass the dollar reflect the doomsday scenario of the snowballing avoidance of the USD.
Cornered, the US has no alternative but to start another war. The world is watching. You should too.
Literally...Wow.
Excellent as always Lads
But the US and their MSM outlets told me China's economy was bad 😅😂
What will America offer to buy Greenland?
A Billion? 5Billion? 100 Billion?
What will Russia, China and BRICS OFFER Greenland? 500billion?800 Billions?
America can't afford The Isle of White lol! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Over the past 4 years that cover the Covid period, China’s GDP growth rate was 2.5 times greater than US and 5 times greater than EU. China is the only major country that the IMF has raised its growth forecast for 2025.
4:00 Chinese Yuan: “Appear weak when you are strong, and strong when you are weak.” ― Sun Tzu, The Art of War
Kyle Bass and Gordon Chang continue to be wrong-footed by the persistent strength of the Chinese economy, again!!! 😅😂
Bass has been a China basher forever. His funds have also been lackluster for many years now
Gordon Chong made a career by forecasting the collapse of China within the next 12 months…he said that in early 1990s and people listened to him, not because of reason but more because of that is what they wanted it to happen…but after over 15 years of being wrong each year Gordan Ching then pivoted to saying Chinese economy is struggling but ver the past year has gone back to Chinas collapse as media is on that false narrative !!!
us self-closing itself like never before.
What happens countries can no longer afford their balance of payments defficit with China? China take over things to pay the debt, other countries have no money to buy Chinese goods, how will it end?
Chinese economy has slowed down significantly, due to internal problems like the real estate bubble, which is still undergoing painful resolution, economic rejiggering to move up the product chain, and the changing outlook of the workforce (think Gen Z). The external impacts include the West's very harsh sanctions as well as the Russo-Ukrainian war. That said, the trade surplus is increasing because the West is (1) not successful in restarting the manufacturing economy and (2) not successful in establishing alternative supply chains.
China real economy vs usa shares and arms
But Chinese economy is collapsing 😂😂😂
I agree! They are all going back to eating a matchbox full of rice a day. 🍚😋😂🌾🌾🌾🌾🌾🌾🌾
China's 2024 4th quarter number just came out, the growth is 5.4% which made 2024 5.0% over all. Sorry it's not going to collapse anytime soon.
Cheers
Lovely
Entertaining 👍
both US and China has fiat economies, US overspend by 28% while China overspend by 16%. both economy are financized, you can argue China is less leveraged, but both economy are driven by growing debt. and honestly, China has no choice, if China don't print money, RMB will rise against USD. as long as China wish to maintain stable exchange rate, they will have to follow the general direction of the market.
Only 1 point I disagree with, the recent China wants a stronger RMB to internationalise the RMB. It’s a fight for a portion of the global capital to make US gov borrowing more expensive. RMB is weakening against the USD due to dollar milkshake, unlikely to be an intended consequence of Chinese policy making. If the intended consequence of a purposely weakened RMB, this would counter the move to internationalise the RMB like currency swap arrangements.
5:30 China PRC trading partners: This is ALL YOU NEED TO KNOW of The world has become a board game in which:
USA is playing Checkers, thinking 1 move ahead. USA #1 trading partner is still China PRC
Russia is playing Chess, thinking 5 moves ahead. Russia #1 trading partner, thanks US sanction, is China
China is playing Go (Weiqi 围棋), thinking 10 moves ahead. China #1 trading partner today is ASEAN
👍👍👍🇨🇳🇨🇳🇨🇳👌👌👌😃✌️
11:00 Why the decline in import of EU product: USA continues sanctions EU Products to China PRC in 2023-24. Less 2 buy
Paul/Ken, is it true Chinese Shendong ports have banned the Russian shadow fleet as reported by Reuters ?
I like your channel. I just wish you would enunciate the word "Sirius" with more care instead of throwing the word away every time.
???
👍
By the way, ASEAN is pronounced as Ahh-See-Arn.
1st again!
i'm just that little bit ahead . . . 0th again!
STILL behind China!
Full stealth.😅 Couldn't be seen. @@rogerfaint499
14:00 China & Australia Trade: Australia's Policy to China - ruclips.net/video/sgspkxfkS4k/видео.html
UAS should be more realistic n honest about its real gdp....its only about 3 trillion usd
How do you know that
where is china collapse that westerner media 's talking about????🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
FOX News and the many idiot guests such as Gordon.G Chang.