The demand for Chinese goods around the world has suddenly gone down --> that's because the world is in recession ... so if your country can't afford Chinese goods then of course Chinese exports will go down. The yuan is at its lowest level in years--> Actually, the Yuan is sitting at 0.14 vs the US dollar which at it's all time peak was only at 0.16... so it's been very steady in the last 5 years. While China’s largest cities are drowning in debt --> every single city is drowning in debt from the pandemic period spendings + global economic downturn. It's not unique to China. While China's debt is higher than the US relative to their GDP, the average Chinese household has more savings as well. Not to mention, most of China's debt are invested in infrastructure (both at home and abroad) so there is physical value there while most of US debt is spent wasted in the military and social welfare programs. The myth that China will soon overtake the United States is falling apart before our eyes --> China will still overtake the US, but it won't be as fast as some predicted (around 2030-2040). This video is full of misinformation and is poorly researched/analyzed. Do better.
The demand for Chinese goods around the world has suddenly gone down --> that's because the world is in recession ... so if your country can't afford Chinese goods then of course Chinese exports will go down.
The yuan is at its lowest level in years--> Actually, the Yuan is sitting at 0.14 vs the US dollar which at it's all time peak was only at 0.16... so it's been very steady in the last 5 years.
While China’s largest cities are drowning in debt --> every single city is drowning in debt from the pandemic period spendings + global economic downturn. It's not unique to China. While China's debt is higher than the US relative to their GDP, the average Chinese household has more savings as well. Not to mention, most of China's debt are invested in infrastructure (both at home and abroad) so there is physical value there while most of US debt is spent wasted in the military and social welfare programs.
The myth that China will soon overtake the United States is falling apart before our eyes --> China will still overtake the US, but it won't be as fast as some predicted (around 2030-2040).
This video is full of misinformation and is poorly researched/analyzed. Do better.