Can Xi Jinping save China's economy? | DW News

[@alphabetagamma12]

Well done to the host for allowing the guest to speak without interruption.

[@SnapScaper]

Because it's against China. Meanwhile the US with its schools as shooting ranges:

[@jasonfuchs4304]

I am a Chef, can you congratulate me for not cooking?? Super weird how so many ppl liked the fact a journalist did not talk. I American, guess we have different expectations.

[@ArnoSchlick]

@@jasonfuchs4304 Well, if I see the small amounts of food, used in the "Haute Cuisin", its exactly, what you proposed. And it goes hand in hand with quality! 😅😇

[@jasonfuchs4304]

@ArnoSchlick nice

[@joeb5327]

What an excellent interview. The gentleman frames his answers so well. And the interviewer actually listens and doesn't interupt the interviewee. How wish more interviewers and guests would follow this formula. It has so much value to us listeners.

[@Toxiclabanalyst]

She also asks very good questions

[@ignaciocampos8435]

Fully agree.

[@titusp9488]

​ @Toxiclabanalyst actually she tried to mislead Magnus with her questions and has no clue to understanding the nuance he is trying to provide.

[@PhillCurtis]

Please have this gentlemen on a lot more. He explains things so well. I really enjoyed this video!

[@alexksader_zp8554]

So refreshing to watch a DW person talk to an expert in depth and without interruptions

[@rickdworsky6457]

except the ads

[@jacksmith-mu3ee]

Bot comment

[@Djamonja]

Yea, it was a very good interview

[@isolatedsystem1710]

I

[@tedwong7037]

If you bash israel, you cant finish a full sentence! If you bash China, the whole DW stage is yours.

[@dev.0122]

What a great interview, the land had such an inquisitive and friendly vibe and the interviewee is very knowledgeable.

[@amenbrother8818]

For all the faults with the Chinese economy they still take in almost a $Trillion a year in a trade surplus with the EU and US. A lot of BMW and VW workers are losing their jobs to cheap Chinese imports.

[@eman3682]

Yeah, but it has been declining and with aging population things could get worse.

[@amenbrother8818]

@@eman3682 With AI robotics who needs population?

[@indijones14]

​@@amenbrother8818the Video name is "Are AI advancements already slowing down" by cnbc. Everyone are pessimistic except jensen huang. There are funny comments on why he is not. 😂. Adding to that germany cant afford the AI explosion if it happens immediately. Because, germany or most european countries doesnt have high level capable AI or ML engineers. Germany is not placed in good Position atleast now, it needscto train people, start University education or Ausbildung to adopt the New tech. It takes a decade atleast. Remember ML & AI first models are there from 1970s. But present Adoption started in 2010-12. The exponential curve started with python 3.7. Python is the backbone on which most AI models youre using was built. There is only so much that can be done with it.

[@jimc1654]

​​@@amenbrother8818who need to import from China when you can make things locally from ai robot.. labor cost why we import from china.

[@limmingharn6418]

​@@amenbrother8818finally someone notice this

[@bociek125]

More in depth conversations with experts, please, good job DW

[@alexandrebacci6589]

Please keep bringing Mr George Magnus to DW. He is absolutely brilliant!

[@HybridHumaan]

Chinas economy may face challenges, however compared to the desolate situation the german economy is in, i think china is doing quiet allright.

[@murkhuddindalal]

exactly. china have AI, digital economy. germany should think for itself first

[@suziesuwandi2748]

About 900 million are said back under the poverty line AGAIN. Imagine a baby grew up in a womb and one day this little fast growing fella said I want to be FREED from the hands that helped me get nourushed and BIG😅 SILLY NELLY QUESTION MARK !!

[@burns281981]

China is in a worse situation because they have been manipulating their currency for decades now. So now of their data is worth a penny. You are comparing lies to actual financial information and thinking you can make an informed decision. Imagine trusting what the Chinese Government has to say.

[@stanthemafia]

China relies on all our economies to do well

[@AllieRogers-mq1kf]

@@suziesuwandi2748 are you saying that china should not have turned hardline towards America, because America helped build China into what it is today? If so I agree. They became too confident and aggressive towards America. We embraced them and turned their economy loose on the world. Only for them to become a powerful rival. Mistakes made on both sides

[@kwakuatuaheneantwi]

I believe that he gives the really explanation deeply Chine a economic situation, expertise for economically issues. He is very intelligent man..

[@DancingShiva788]

Excellent interview. This man knows his stuff. It was a huge pleasure watching this!

[@sameqy]

Who is this host? She did such a great job. Please we want to hear her great questions for future people on the panel.

[@delveling]

Also china should have its developing status removed, so that they have to compete fairly on postage and shipping.. how is a country that has its own space station be considered developing... which allows it such unfair trade practicies...

[@Xi_Jinping_is_Pooh]

Yes, and because of this they are still getting financial aid. Meanwhile they are giving loans to numerous countries.

[@Metapharsical]

Yes.. still developing the Air conditioning at their Top Corona Research Laboratory...

[@JP-hg5ru]

You mean like how Clinton put china as the USA as the most favored status they get away with so many things helping them go their way? China has been propped up by the us and the decoupling and what you said about developing nation status... it's all going to go away and add to their problems

[@barrywood4375]

This guy was excellent to listen to. A true expert.

[@Discovery2024-rn8kn]

His credentials are laughable 😂 no wonder Financial Times, Economists and other native elitist publications consistently get it wrong on Asia. Since 2005 China has been forecasted to crash and burn every year.

[@paulmatters2641]

His book was written in 2016. Another China doomdayer proved wrong. He has been banging on about the demise of China for 6 years. LOL

[@SerendipityChild]

Prescribed growth worked for a while, but they need to pivot. They have enough infrastructure

[@monching2282]

Excellent analysis of China's economic problem! Kudos!

[@benet-vt6vv]

china is able to produce almost everything in the world today but only a few in 20 years ago, how come that china’s economy will fall down today? this is really a question to me.

[@HKim0072]

lol, they literally import massive amounts of food, energy and other commodities.

[@AB-fi5jt]

@@HKim0072lol，they export more than its import and its the #1 trade surplus country.

[@Paolo1964]

Most countries are reshoring manufacturing of their products out of china. In addition, chinese real estate developers overbuilt. There is an oversupply of condos. Prices are coming down, possibly collapsing the chinese real estate market. In addition, Xi cracked down on Alibaba, which eliminated foreign investment in Chinese companies. The chinese economy could collapse.

[@SerendipityChild]

Having prescribed growth (where GDP growth is decided at the start of the year, and then deliberaltely made to happen) .. this was beneficial for a long time because it made China invest in much- needed infrastructure. However, it didn't pivot to other forms of growth. It continues to make redundant infrastructure just to reach its prescribed targets. That's wasteful. It needs to lowet those growth expectations, or otherwise pivot to consumer-driven growth instead of infrastructure-driven growth. Another way of saying this is: China's economic growth model was exceptionally good at transforming it from an Emerging economy into a Developed economy. (3rd world to 2nd world, in old fashioned terms) But it hasn't adapted. Keeping the same growth model is now making it stall, preventing it from becoming an Advanced (1st world) economy.

[@stealthtowealth2167]

It won't fall down. It will just go sideways and then gradually down as the population shrinks. China's absolute peak was about 1/5 of western levels of lifestyles

[@nzhong169]

The best assessment of China I ever heard. Thanks

[@ZakiHaider-y9o]

Prove it

[@simoncrooks7441]

thanks, very informative interview

[@SissyJosito]

I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.

[@emmabeyza6036]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@KarencitaSacher]

I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??

[@DaraangelyHarvie]

Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@GouverPanel]

Please stop gentrifying countries

[@GouverPanel]

How can i reach Stephanie if you don't mind me asking? Heard she’s an IA.

[@paulvr3158]

great Interview, DW is the best/.

[@gagsteiger]

Great interview in every way 🙏

[@Xrey-ek5sh]

Are these bots paid by DW?

[@leonaheraty3760]

Excellent interview! Thank you! 😊

[@siphoramashiya531]

And he forgot to say that in comparison to All Western countries,China is doing way better than them.

[@paulmitchell2468]

No, not really. Factory gate prices are dropping. People are taking salary cuts. Youth unemployment is sky rocketing. The construction industry is in trouble.

[@ИванПанкратов-н9л]

​@@paulmitchell2468what you say sounds more like EU.

[@jackdoe3889]

Another Whatabouter

[@ivan_flinn]

Yeah nah, unemployment is sky high in China compared to Western countries. Inflation is a better problem to have compared to deflation. GDP is not the barometer of economic success, lacing aside China measure GDP differently than the West. China is in trouble and everyone knows it, why else would the Govt need to intervene with a $US1.4T stimulus package and then some just to prop up the economy.

[@iROChakri]

Have you ever visited China? I have many times and I have never seen a homeless begger. However therr are everywhere in Europe, mainly Germany and Britain lol​@paulmitchell2468

[@Baqerniazi]

Chinese economy is growing by 5% while in EU it is 0.5%. China is in trouble but EU is a good shape.

[@NickvanBast]

Is it 5% though? You can't verify their numbers. If you remove 6 points from whatever they publish you're nearer to the truth.

[@Metapharsical]

That 5% claim has been disputed and it appears to be HALF that, more like 2.5%

[@scottprice4813]

A shame it takes over forty minutes - the simple answer is no.

[@cblackall21]

Excellent analysis.

[@manjsingh5073]

George Magnus is the man..True english gentleman..

[@sarcasmo57]

Wait for the large external scapegoat distraction.

[@SerendipityChild]

Do you mean the US and China increasing their trade war?

[@joem0088]

What's wrong with 5% growth ? Germany is close to 0%. Is that better ?

[@suziesuwandi2748]

It's half way down.... The Abyss. Hope you join your beloved Master

[@Casmaniac]

obvious CCP bot lol they are so bad at this

[@suziesuwandi2748]

CCP should sell Free Tariff goods to Bestie Africa 🤤🤤 Imagine CCP is taking in Global South deficit!! Will be a BEAUTIFUL world 😻😻😻😻😻😻

[@rickdworsky6457]

Limits to Growth

[@TimLoo-w4u]

​@@suziesuwandi2748so.....if apply same logic, Germany is -2.5%

[@harryc144]

As a Chinese who has spent half my life in the West, I find it amusing to watch Western "experts" analyze China and offer advice to their imaginary "Chinese policymakers." I'm glad my fellow Chinese no longer have any interest in listening to this kind of Western nonsense.😂

[@paulboileau3758]

So what is your point, other than to slam the West with a meaningless slag? What do you disagree with?

[@nathanburn2516]

right on

[@金勇吴]

@paulboileau3758 because the economist he mentioned （ Fupeng）is banned because he is trying spreading fear among China not because he was suggesting give power to small private sectors. For example， Fupeng said people with money should go to Japan to marry some rich guys girl to start a happy life because japan has brighter future in ecomomy. But the fact is Japan is way more worse. although China s growth is slowing down a lot and unemployment is also high among young people, other country is way worse than China including America Europe and Japan and south Korea. look at this country s political insteability which is the consequences of bad economy. So, the so called economist is not good for China because he speak something which only is partly true.

[@amenbrother8818]

The West, especially the US has the greatest number of centi-billionaires by far. China doesn't even have any. Lord Elon, the richest man in the world ($464 billion) is now the shadow US president. Match that!

[@billsze3947]

@@金勇吴 are you saying what George Magnus made no valid point because one Chinese economist he mentioned was censored by China? This video is about China's economy, not about how does China compare to the rest of the world. Even if the West have their problems that does not mean DW therefore cannot report on China's economic troubles.

[@JpMunro]

Most people don't even realise that the economy is collapsing and there is an increasing rate of unemployment worldwide 🌍 so take advantage and prepare while things are still on the shelf in the store❤❤

[@sandaman1113]

I have always wanted to invest so I can keep up with the provision of family needs, but I do not know how to start or a reliable platform to begin my investment with?❤

[@AdrianaPorras-ii5wk]

You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.

[@buhaysawi05]

Waking up every 14th of each month to $2000 it’s a blessing to I and my family… Big gratitude to Josh Olfert🙌

[@eslamdeepo-x9t]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?❤😊

[@FaresGhadban]

Yeah for real, Josh Olfert is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..

[@nymuelovan]

So basically, bro is saying the chinese econo is cooked

[@iainmackenzieUK]

Brilliant! So interesting and easy to listen to great questions from the interviewer too! Well done and thank you

[@soonmeteh4150]

finally you hear what you want to hear! congratulations. 🤣

[@Reed-sh6wi]

Why worry about China when they are eating everyone's lunch? BYD is breaking new records every month while car plants in Europe and Japan are struggling.

[@user-nm5dp8ky9e]

Because love is love.

[@sneakymove]

Eating everyone lunch? I think China is wondering where your German chef goes? Why no one cooking? Is he protesting on the streets for higher pay, lesser working hours, and complaining about crazy boss dividends.

[@4lyfMotorhead]

Sure Burn Your Driveway will be the new Toyota in another lifetime

[@Andy-P]

At what cost in debt?

[@MollyGermek]

@@Andy-P It's China. It's a socialist system. If their debt ever became a structural issue they would literally just write it off and then discipline their capitalists. They literally did it in the 90s.

[@urbanstrencan]

Awesome video, explaining what is happening in China. Keep up with great work bringing us videos like this 😊❤

[@ZakiHaider-y9o]

Yeah sure not

[@HKim0072]

If you want to understand Pooh Bear, just remember: the guy basically has a middle school education. Dude went to the rural area at high school age and stayed there until he was 24. Then, he got a backdoor admission to college. And, this is the reason he's clueless about economics. All of his policies are a disaster.

[@szurketaltos2693]

That's not necessarily a bad thing if he had good advisers, but he is much more concerned with perceived loyalty than how good advisers are at their jobs.

[@unnamedness]

Hello flat earther

[@paulmatters2641]

CIA troll alert

[@HKim0072]

@@szurketaltos2693 lol, we are talking about rural China in the late 60s-early 70s. Ain't no internet back then. He's just reading Mao stuff.

[@justinwolf7490]

Aww the woo bots don’t like this comment! Good job 👏

[@superstrada6847]

Best analysis on China and beyond! Thank you both!

[@kickass7104]

U should worry about where to sell those German fancy cars 😑😑😑...

[@paulraftery9102]

I’m fascinated by the way he pronounced aluminium. Very mid-Atlantic

[@thomaskuehne7383]

... I know China, Brasil und India due to business and personal relations over 40 years and I can assure you that China has outmatched most of world in terms of progress, wealth and security ... the Chinese surely have a brighter future than most other people in the world, the "first" world included ...

[@bobcharles7716]

Let think about this. If someone in China buy a $80,000 Mercedes in China that is made in China. Then $80,000 is contributed to the Chinese GDP. BUT if that same someone buys a BYD at only $20,000 then only $20,000 is contributed to the Chinese GDP. It sound like for the most part the cost of goods is what is driving the Chinese GDP from going down. I don't see this as a problem. And also this is not deflation, right. Inflation is a price drop from market conditions, right. China's price drop is from improvements in their production efficiencies. Bottom line, I think we are trying to apply the wrong economic metrics to the Chinese economy.

[@hshuinde]

You get the point. China’s everything is, let’s be straight, cheap. As china has great capacity for producing all kinds of products and the domestic market exists fierce competition, these factors dragging down china’s GDP value.

[@Curt_Johnston]

What deflationary is a weak domestic demand. If people don’t buy what’s being produced, companies drop their prices. Or they stop producing as much, which leads to a weakening of the economy. Also, if a trade war leads to less trade with the U.S., then Chinas exports will suffer immensely and so will Chinas economy.

[@chillxxx241]

China is a command economy. GDP is a growth target and they manipulate the system to achieve the numbers the government puts forth. They build high rises, theme parks, highways, and high speed trains just to tear them down again. Building them and then maintaining or tearing them down all contribute to GDP.

[@pardeeptandon]

The problem is that the Chinese have reduced the number of Mercs bought. And BYD is outselling it in Germany.

[@chillxxx241]

@ BYD sold 4,139 BYD cars in Germany last year and has sold even less so far this year. 😂😂😂😂

[@AliHassan-cb7lr]

Thank you sir. quite informative.

[@soonmeteh4150]

you are so easily been brain washed. 🤣

[@grahamlawlor8361]

"High debt correlates with high growth in the US". I haven't heard any evidence of this. Probably worth sharing some stats if you're going to make a radical statement liike that

[@tc-tm1my]

2009 stimulus boosted the economy. Debt does grow economies if properly utilized.

[@akbarmohammed4eva]

China growth rate at 5%, USA 2%, EU 0%-1%. DW News worried about a country that's doing better than the Western world 🤣

[@FRIPPE_THE_GREAT]

@akbarmohammed4eva Yeah, but for every 1% of GDP growth, the debt increases by 5-6% (pre pandemic, it was 3 times). Since CCP are economic neanderthals that GDP growth is allocated at nonproductive sectors (infrastructure and production capacity) instead of social programs or better wages, the domestic consumption is collapsing. We have problems in the EU but wouldn't trade the economic future with China.

[@ll0l0l0lolo0l]

China is a much poorer nation which still has a significant population laboring in the fields like medieval peasants China needs much better economic growth if it wants out of the middle income trap

[@williamchow7533]

Simplistic use of growth statistics. An emerging economy will always have a higher growth rate because it is coming off a low base. The biggest challenge for any emerging economy is getting out of the middle income trap. See Singapore, Taiwan and South Korea for successful examples.

[@sterko78]

Why do you live in the West then? Get out!!

[@FRIPPE_THE_GREAT]

@sterko78 go easy, man....he's probably part of the 50-cent army and needs to put food on the table.

[@NationalTidende]

Can you make link to his book?

[@NationalTidende]

Want to Buy it

[@WSOJ3]

lol Germany worries about China’s economy. That’s rich.

[@BREAKBALLYT]

😂

[@SerendipityChild]

Where would you prefer to have your home and your savings?

[@WSOJ3]

@@SerendipityChild lol a global superpower over an American colony any time any day

[@SerendipityChild]

@WSOJ3 which is which, in this scenario?

[@jamesnkosi1497]

True that Germany 😅😅😅is worrying about an $18 trillion economy that's growing at 4.8% for 2024 while Germany is going to contract by 0.1% for 2024😂😂😂

[@lordincubus3229]

If Us and China are in a ton of debt. Who isn’t?

[@JasTheKariol]

How pathetic it is for german media to point to another country's "bad economy"? I hope the german people know what's coming, cause it's going to be rough.

[@TPELaoY]

Exceedingly intelligent and well-spoken. 👍👍

[@djsapien3448]

Lol shouldn't DW be worried about Germany's -0.3% GDP "growth" instead?😂

[@SerendipityChild]

If you had the choice, would you prefer to have your home, your savings, your children's future in China or Germany?

[@beautanner8409]

It's a global news service, it should be looking at economies around the world. Also, it does look at Germany's own economic troubles.

[@djsapien3448]

@@SerendipityChild I have many investments in China already lol. I wouldn't waste one cent on Germany.

[@SerendipityChild]

@djsapien3448 your money is in a Chinese bank?

[@djsapien3448]

@SerendipityChild No I invest on the Hong Kong stock exchange

[@oriolizquierdorobert2669]

Thank you, this is quality

[@zacksmith5644]

This aged like milk

[@JoeHo-vp2wn]

Appreciate Germany, with ZERO economic growth this year, is so concerned about a Chinese economy with a slow 5% GDP growth,

[@tc-tm1my]

5% is the goal. They won't hit 5%

[@tedwong7037]

But will that be biggee than ZERO?

[@FireFox-ch2tu]

5% is the goal that to self reported gdp, china is in much bad shape

[@BoscoBelloVienna]

I don‘t trust China‘s numbers.

[@tedwong7037]

@ do you know how GDP is caculated? You cant just throw accusations without the basic understanding of that, but anyways, as a chinese, i wouldnot mind our opponent being so unknowledgeable.

[@guybayes]

Wow the CCP troll farm is really coming out for this one. He musta hit a nerve

[@xixinan]

Nah, just CIA stop paying their trolls.

[@anypercentdeathless]

If nothing else, these videos-and the wumaos they trigger-are a good barometer of what the CCP fears.

[@ZakiHaider-y9o]

Wow cia bots triggered . German minister lost

[@icet6665]

There are over 20 million overseas Chinese worldwide. No need for 50 cents.

[@captives6479]

@@icet6665 It's now 5 dollars.

[@slavikshen]

It's so funny to watch economists who cannot help their own educate others.

[@SerendipityChild]

If you had the choice, would you prefer to have your home, your savings, your children's future in China or Germany?

[@BoscoBelloVienna]

That‘s called freedom of journalism. In a free world you can analyze every country and talk about the pros and cons about the state of their economies.

[@franciscouderq1100]

@@BoscoBelloViennasure and he is not doing that here

[@soonmeteh4150]

@@SerendipityChild in China. Germany has no future.

[@Rickonytube]

You ask an elementary school degree - went through CCP's cultural revolution and nuremerous movements whilch wiped out traditional chinese value, admire Soviot Union, then took power because of his "red bloodline", to save China?

[@djsapien3448]

Yes they wiped out traditional values like feudalism which is why China has gone from one of the poorest most backwards countries in the world to a global power once again lol

[@icet6665]

Dude, Chinese traditions are coming back in full force.

[@Alexhuang14]

2 million people trying destroyed culture of 500 million of people did you think your statement is smart?

[@forChina]

just imagine what u like

[@王大陆-w3g]

He claims to act in the people's interest, yet he imposes the most severe restrictions on free expression on the internet, far exceeding any of his predecessors. He is a highly hypocritical second-generation "Red Aristocrat."

[@XxXenosxX]

Very good interview and viewpoints all around

[@TimLoo-w4u]

Only 1 expert.......oh come on. I am talking about ang moh experts orange man type😂😂😂😂😂

[@PeroniPete]

Excellent Mark, really excellent. I love your whacky insights, they somehow make a lot of sense when you're describing an economy like Russias... Keep it up, you're keeping us informed. Cheers, Pete from Australia.

[@christianklima1140]

Any so-called "china expert" failed to mention the deliberate bursting of the property bubble should ask themself what percentages of the US gdp is attributed by the real estate. If you factor that into the equation and the result is still 5% increase in gdp, then china's economy in fact kept with its previous trajectory.

[@qweszxcqazesc]

love how he explains.

[@tedwong7037]

Thank you DW and thank you germany for concerning about our economy. We deeply appreciate it. Wish you can save your car industry as well. Cherrios

[@franciscouderq1100]

Professional interview, bravo .

[@jaja3359]

Germans should be more concerned about their own economics

[@rickdworsky6457]

Humans should be concerned about going extinct.

[@SerendipityChild]

If you had the choice, would you prefer to have your home, your savings, your children's future in China or Germany? Why?

[@BoscoBelloVienna]

They are and also looking over the fence what’s ongoing outside. That‘s all their right and freedom of journalism!

[@franciscouderq1100]

Obviously multi tasking is not yr major

[@quakerninja]

China's economy is easy to fix stop corruption and stop scaring away everyone by threatening to invade Taiwan. Customers generally don't like that kind of weird behavior it makes them feel uneasy

[@justinlei4677]

It’s too late for Xi to pretend to be a innocent white rabbit.😂

[@markmd9]

Also should stop making friendship with Russia, Iran and NK

[@onepuchok5789]

Funny u went to HM and want to buy a cheap made in China t Shirt because u only have that budget, suddenly u stopped because u realize china has corruption issue😂 so u ignore ur budget issue and go to somewhere else and buy some thing made in US because u think US has nothing to so with corruption nor threatening behavior 😂😂

[@justinlei4677]

@ the truth is more and more low technical consumer products are now made outside of China because the cost there is no longer competitive compared with other developing countries. The real issue is China is a communist country which may cause harm and significant risk to the rest of the world.

[@randomguy7175]

China was claiming Taiwan since the start

[@vickipu]

It sounds that German people are more concerned about China's economic situation than Chinese people, but this expert really knows China well, and what he said is also a problem that Chinese people know. The biggest problem is actually similar. The low fertility rate makes it difficult to have a bright future

[@isacr4063]

German economy is tied to Chinese economy. Naturally they would be concerned. I am just surprised that chinese are not much concerned. It's your economic future and you should be asking your leaders some tough questions on what they plan to do.

[@Shanghai_Knife_Dude]

2008, well done administrative power. 2024, administrative power must free economic.

[@kolviczd6885]

The western experts and economist will go to grave with their own economic collapsed but will never stop worrying about China's state of economy. What a considerate people lol 😂

[@forChina]

i have been moved😂

[@seanthe100]

Germany relies on China so it's actually a big deal.

[@JFDOOLSTER]

Incredibly enlightening conversation. Very impressive knowledge and analysis

[@frontseated5983]

This is a brilliant economist and should spend more time saving the German economy, instead of wasting time bashing China.

[@SerendipityChild]

They're related, friend

[@stealthtowealth2167]

He's not bashing. It's called analysis, friend. Not something that's allowed in China

[@alanssshh]

best comment

[@ChopinLuke]

I would be more concerned on the economic conditions in Germany, UK, France, Spain and Italy. Property issue is a good thing . People in China are finally realized that it could be bubbling in real estate. I don’t think their infrastructure is over done. Depressed market is just short reaction after CoVID along with the current political climate. Curious what this man would recommend to German government ?

[@jonronaldflores3007]

germany will be fine china i dont think so with more than 2 billion people to feed

[@prophetsspaceengineering2913]

Probably to start investing in infrastructure again. Germany is doing a lot of things quite well but in the current economic situation the state needs to invest in infrastructure. The low debt ratio easily allows for it too. It's just a political issue.

[@羅智-g2p]

德國的汽車在中國賺了很多錢，但很多德國人卻以充滿傲慢和偏見的心態對待中國，中國人不要再把金錢和善意浪費在不友善的人的身上了。

[@zehuama2197]

exactly

[@FRIPPE_THE_GREAT]

The G7 can help you out. We don't need to buy your products. Sell your cars to India, SA, and Brazil...wait, they imposed tariffs aswell. 😂

[@pardeeptandon]

@@FRIPPE_THE_GREAT; Accept defeat.

[@prasitkoysiripong5150]

Agree.

[@8739paulstep7]

​@FRIPPE_THE_GREAT and do those countries have tariffs on EU cars?

[@TheKkpop1]

China economy had collapsed in every dream of DW experts.

[@brendantgreen]

why are you willfully ignoring the point? no one dreams of a collapse it would be bad for ALL of us, he is speaking the truths that economists living in China are too afraid to say!

[@gstlb]

You hit on an important point in the first sentence. Growth rate should be a result of policy and development, it should not be a goal in and of itself. Also, simple math shows that maintaining a steady growth rate by percentage is unsustainable.

[@johannesjoseph823]

This guy on Chinese debt: "bad, no good". Same guy on US debt: "actually, if you give it to billionaires, debt is very good"

[@CMOP-c5h]

Exactly and yet it is sad to see quite a few here saying he is an expert 😂

[@noobymooby-ty8gh]

Guys i can't believe china's economy is declining for the 700th time

[@charleswomack2166]

The US has the dollar to back it up.

[@CMOP-c5h]

@@charleswomack2166 It would still be a massive issue one day.

[@user-vc5zt9ci12]

listen again... he said both were bad

[@jjbully]

What is this guy talking about? China should set the target growth rate lower because China need to take care the the industry of some declining nations in the West?

[@zacksmith5644]

China 0 recession China 0 inflation Usa recession Uk recession France recession Germany recessing India recession Taiwan recession

[@isee8423]

I am sorry Sir, but you seem to be advocating that China should, politically destabilize itself, privatize it's economy, give up it's comparative advantage in technology and manufacturing. And all that seems to be more beneficial to it's competitors. You said that setting a growth target is not a good idea. Is setting an inflation target good?. Interesting advocacy but I respectfully disagree. I may be wrong but, it does not add up. When the interviewer asked, who would those changes hurt, I could see the cogs turning. Your proposals seem like they would hurt China and most importantly benefit the West.

[@SerendipityChild]

Having prescribed growth (where GDP growth is decided at the start of the year, and then deliberaltely made to happen) .. this was beneficial for a long time because it made China invest in much- needed infrastructure. However, it didn't pivot to other forms of growth. It continues to make redundant infrastructure just to reach its prescribed targets. That's wasteful. It needs to lowet those growth expectations, or otherwise pivot to consumer-driven growth instead of infrastructure-driven growth.

[@herahbgad9061]

@@SerendipityChild I don't know why you get the impression that the Chinese "aren't pivoting" to other sectors (outside of real estate/infrastructure) like high-end technology when that's very much the opposite with what we see like BYD or TCL and potentially other enterprises that are focused in other areas digital electronics. The Chinese even have plans to break the Airbus-Boeing dupoly with COMAC passengar jets as well ...

[@ericwong191]

Which economy in the world is not affected by the slowing growth from US rate hikes?

[@sulittipid9945]

lol, they still have growth just look at Europe economy and US economy lol

[@LD-nx8oe]

Fantastic interview.

[@robijorum4113]

The question should be ..what can US do to reduce the 34 trillion debt deficit 😂

[@straybirdpei]

Bitcoin

[@TheKkpop1]

Invaded Syria, Iraq and Venezuela to steal more oils.

[@ll0l0l0lolo0l]

I am sure the nation with 150 trillion in assets will be fine paying for debt that costs inflation adjusted a few hundred billion more than it did in the 1990s.

[@robijorum4113]

@ll0l0l0lolo0l are you aware China owns you 😂

[@robijorum4113]

@ll0l0l0lolo0l are you aware China owns you 😂

[@rafazielinski2633]

Great interview, very informative

[@Wacko2-wrx]

All countries are having economic woes whether they be Western or non Western. Considering the sanctions and tariff wars being applied to Russia, China and Iran etc one marvels at their ability to circumvent these restrictions. China’s economy will survive as will all of the targeted countries the West has in its sights unless these Western policies escalate to WW3 in which case there won’t be economies anywhere.

[@tlucero6994]

Never interrupt your enemy when he’s making a mistake..

[@oasis5683]

Now tell us about the German economy doing 🤣😂

[@blue_AG2030]

Declining population, one of the fastest aging populations, 310% debt to GDP, a major real estate crisis, more and more tariffs on cheap and subsidized Chinese exports around the world, etc, Yes, the Chinese economy is in deep trouble.

[@mathewadams8499]

No it's not we shall see and you'll be wrong again like so many others before you

[@yttean98]

If China political elites in the past listened to this guy China's economy would NOT have grown so fast or worse still economy crashed years ago, if his advice is so invaluable why don't he gives the SO Much needed economy advice TODAY and dispense them to the British gov. in running the British economy. One wonders.

[@paulmatters2641]

He wrote his book 8 years ago. Since then China has powered ahead. He is a clown.

[@yttean98]

@@paulmatters2641 He serves the interest of his former employer and his ideology is more of neo liberal ideas of freer than free market.

[@franciscouderq1100]

@yrteam98..:…: Huh?

[@yttean98]

@@franciscouderq1100 You have NOT followed this guy over the past many years that is why you miss my point above.

[@soonmeteh4150]

you are so wishful thinking. this guy is not a China expert either, he think he knew some thing by read some facts, but its not that simple, whenever you apply west economic theory to China economy, you are wrong for sure, China economy doesn't work that way. its totally different concept behind the decision making and economy operation. its 60% state controlled , carefully planned economy , always under controllable . Chinese government are experts in their own model, any one from west claim they are experts about China 's economy really laughable.

[@Paint-brigade1776]

DW I WOULD EXPECT TO SEE YOUR FOCUS MORE ON THE GERMAN ECONOMY With the automotive manufacturing pickle, we all find ourselves in Careers lost , not jobs Germany…. Careers.

[@ninakhan3803]

It had survived the bad times before becoming No. 2 economically and will survive now with or without America. It's the other party that's more to worry about, imo.

[@Jose-og909]

I would like to see a counter narrative because there are many who say the Chinese EV industry will compensate for their housing crisis.

[@JP-hg5ru]

How is one industry going to save the whole economy of that size? How is an industry where they are subsidized by the government and currently losing money as they sell cars at loss to gain market share going to save them? How is this industry going to save them from the corruption and and population collapse?

[@abba4844]

Your country is literally collapsing but China is still your main focus😂😂😂😂

[@Stefan_Dahn]

Bot mega comment maschine

[@abba4844]

@ ??? Clearly what a Bot would say 😂

[@vandunguyen3804]

❤ love the video❤

[@lil----lil]

That's the MILLION Dollar question we have to ask Winnie Xitler. Do you trust a grade school student more than a college professor? That's a hard one.

[@michaeldeng8676]

You can’t save a crisis when the crisis is created by you

[@曾灵粮空间]

can DW save German's economy?

[@zinktomas8251]

These GDP growth numbers are both artificially inflated and fudged. They have been for a little while now.

[@ZakiHaider-y9o]

You described usa

[@daksans6764]

That is US GDP

[@stealthtowealth2167]

Likely half of the reported values in reality

[@ZakiHaider-y9o]

@@stealthtowealth2167 that's usa . You described usa bro

[@MollyGermek]

They're not fudged, their GDP calculation just still has MPS characteristics. This actually severely _undervalues_ the size of their services sector as it is considered not to be a value-add to the material product. It's in fact often complained about in terms of China intentionally trying to keep its developing country status by appearing to have a _smaller_ economy.

[@atofasaloma7584]

Infrastructure is important for attracting foreign investment. So it pays off in the long run.

[@hannah-jg2ig]

I see people talking about doom and gloom and repression in China, but I have visited the country twice in the last month or so and see people that are content, happy, and free to go about lives. The cities are impressively clean and modern, and air quality is good. Not saying that things are perfect there, but it’s a country I look forward to visiting again.

[@876_FIRE]

If debt is borrowing from the future, then people and economies in debt must truly be optimists ...

[@zacksmith5644]

Agreed We all know that usa is 40 trillion $ in debt to China Never trust china . When they say their economy is growing 5% it means it's actually at 50% growth All of Usa is in debt to China

[@artistforfreedom]

Best interview I''ve seen on China's economics.

[@worldpeace1822]

Now let’s talk about Germany 🇩🇪 and what we/our politicians failed to do …