China's 5% growth rate is not the truth, says Rockefeller International's Ruchir Sharma

Ruchir Sharma, Rockefeller International chairman, joins 'Squawk on the Street' to discuss whether China will try to stimulate its economy out of the current economic malaise, China's desire to become the global reserve currency, and more.

[@AveryFossen]

Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.

[@KarlyNoorda]

Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $480k in the last 14 months by investing through my FA.

[@lowcostfresh2266]

@@KarlyNoorda Could you kindly elaborate on the advisor's background and qualifications?

[@KarlyNoorda]

I won't pretend to know everything, though. Her name is Vivian Carol Gioia but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

[@leojack9090]

Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.

[@davout5775]

With such financial results, It would be hard to replace the US as the de facto economic world power. The US GDP surpassed that of BRICS this year. Basically only 1 nation grew in a meaningful way this year and that was India. China experienced an economic decline in 2023 as well as Russia.

[@Henrydonald1]

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

[@Emily24338]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@jacksonlucas5933]

I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.

[@blessingpeter5681]

I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .

[@jacksonlucas5933]

Sure, the investment-advisor that guides me is..

[@jacksonlucas5933]

MARY TERESE SINGH

[@talkthetalk3798]

Any time when I see an Indian coming out bashing China I just watch with joy

[@ssuwandi3240]

😂😂 40 years failure of toilet building nation😂😂

[@ssuwandi3240]

Sharma LEGACY 😂😂

[@gliu1431]

Yeah it’s pure entertainment nothing much. In US they call the Chinese problems solving engineers/scientists and they call the Indians talking big mouth corporate leaders.

[@parvadhami980]

​@@gliu1431yet in the US the Indian Americans are the Highest Earning group of immigrants

[@user-xo8mr4hf4r]

India has no love for China. And will surpass China in GDP in coming decades. Not only that. India can do something China cannot -- feed its people. India is a suddenly a world player with a bright future. You go, India.

[@calebroberts5422]

This and water filled rockets all in one day 🤣🤣

[@user-oi4tj4pp8q]

I think they were always adding 7 percent... basically a sort of Ponzi where by lying of their growth they attract capital and therefore have growth

[@jacksmith-mu3ee]

Ok prove it . Waiting

[@davout5775]

@@jacksmith-mu3ee I'm not sure if they lie about the number or not but the GDP growth of China can't directtly be compared to the GDP growth of the US for example. The number that Chinese gave is basically the growth of current RMB GDP to the one last year. Meaning, after the latest revison of the Chinese GDP, the number was 120.4ish trillion RMB. After Q4 2023 the number was 126 something trillion GDP. Which is about 5.2% growth. Yet this method is misleading. The real GDP growth is a much better indication of growth. The US number is in real GDP growth not current-dollar GDP. If we compare apples to apples, the current-dollar GDP growth of the US GDP was 6.3% which is more than China. The 2.5% is the real GDP growth which is adjusted for inflation. But then if we convert the US dollar GDP or how it is most often done the Chinese RMB GDP to USD we see China experienced no growth this year. In fact the GDP of China is the same as it was in 2021 or about 17.7 trillion USD.

[@jacksmith-mu3ee]

@@davout5775 again no proof . Just speculation Ish ? Again 0 proof just speculation That is sad. Real growth is shown to be 5.2% the target was achieved China openly disallowed short trading and house market speculation so as to allow homes to be affordable While usa is under recession and inflation. There is no inflation in china.

[@mateunlock2023]

@@davout5775 If you spend some time studying, you will find that if China were to calculate its GDP the way the United States does, it would grow by at least 10%

[@davout5775]

@@mateunlock2023 If they calculate their GDP fairly it will probably drop by some 10 to 20% to be fair. Even if they were fair, which they are probably not, the real GDP growth would be a significantly lower number. But China is all about looking good in the news so that's not happening

[@williamlloyd3769]

Not to mention any external auditor runs a risk of being accused of collecting state secrets by just doing their job.

[@Sophie-iv4ci]

CIA is indeed stealing data from these auditing firms! Fxxk off!

[@Harthorn]

Key point right there...

[@encinobalboa]

Accounting auditors can be fooled or corrupted. Auditing is part opinion.

[@TonyZmex]

In the US auditors are super transparent lol 😹

[@Western_Decline]

The Pentagon has failed 6 audits in a row, but western liberal democracy has no problem sending $880 billion a year over to defense.

[@jeffreyyellow706]

I lived in China. The economy is shrinking. But The government number only can increase

[@abhinashkumar3161]

Wow

[@VS-gr1oi]

CCP lies as a way of living.

[@993mike]

China now reminds me a lot of Japan in the late 80’s - too much spending and chasing growth at all cost to become an economic power equal to the US, but we all saw how that turned out.

[@alustin]

@@993mike The difference is Japan is obedient to America. China is not. If the current world order doesn't favour China, then they will seek to change the rules. Japan on the other hand didn't want to do that, and they probably cant either.

[@obiwan5781]

I live in China and the economy is growing....so believe me cause I said so Jeff.

[@johnnyguitar2929]

I’ve been working in Hong Kong for 20 years investing in China. China is clearly not growing as their numbers suggest. Hang Seng Index has been down 4 years in a row which has never happened before. It is a sign that something is broken or dramatically changed to the downside. Unless Chinese government addresses property crisis as quickly as possible, the economy is going nowhere.

[@rdnvodkke4456]

China's stock market was 3,000 points in 2009 and 2,900 points in 2024. It is the only place in the world where the stock market is not growing. But has China gotten richer? Apparently yes. The stock market is a game for the rich. China knows this. China’s development does not depend on the stock market.

[@russli-lv2yc]

stock issue is mainly western investors shorting or dumping Chinese stocks because of western fearmongering in 2023. Alibaba is trading at 10 EPS and when top line revenue is growing at 10% yoy and beating expectations on profits, is very undervalued compared to western companies. Ali has good growth story with international e-commerce, Ali cloud , AI and DingTalk. This is just one example. And many tech companies are being attacked by USA, sanctions, political attacks, defamation, fearmongering. Chinese public companies also need to work on having strong profitable businesses with better moat. Many these companies have insane valuation. But a lot of that is due to many of the companies are only few years since founding. But I believe though, many companies are starting to finding footing, increasing margins and profitability. But after the stock shorting by western investors, the stock market is now in bearish territory, fear is taking control. It will take some time before it stabilize. But I do believe many public companies will have stable to growing fundamental this year and next, this will eventually support the market in upward direction.

[@russli-lv2yc]

The Chinese economy, if factoring the terrible real estate market, is actually pretty resilient. Consumption is growing, higher than 2019 now. People are flocking to 500K+, 1M+ Chinese NEVs, there are a lot of ppl with enough disposable income to spare.

[@MD97531]

@@russli-lv2yc if only NEVs could save the China economy when the 3 pillars of the economy (infrastructure, real estate, manufacturing) are struggling, along with demographic collapse. China is done.

[@MD97531]

How do you expect a middle income economy where 1 person has to look after 1 kid, 2 parents and 4 grandparents, with funds to be spared due to a limited social safety net, to become a consumption driven economic powerhouse?

[@awonoto]

China’s FDI has plunged. Export importe have fallen. Real estate is messed up, and local governments are saddled with debt that they use to build low economic performing infratructures. From whence does China get their supposed growth from?

[@jimmylam9846]

China is biggest contribution of other countries FDI....go check Mexico, Malaysia,Indonesia,Vietnam,Brazil,Russia,Serbia and Africa figures.All the foreign assets have grown that is why the current foreign reserve is $3.283 T in hard cash.

[@jacksmith-mu3ee]

Source ? Proof ?

[@cw2840]

Auto mobile sector is booming. Aviation sector booming, Solar sector booming, batteries etc research and development is now booming as they are pushing hard to make their own domestic advancements in key technologies. Industrial production is rising fast along with retail sales, consumption has recovered along with domestic tourism etc… these slowdowns in the real estate sector and exports are still trumped by the booming growth in all of the other sectors their economy is definitely still growing fast just not quite as fast as before

[@alustin]

Chinese EV's, smartphones. Tech sector is holding up strong. Along with cheap Russian oil and gas. A lot of good things going for China as well as a lot of bad thing. But you are only looking at the bad things.

[@erinmccallion]

@@alustin​​⁠China produced 9.6m units of EVs (including PHEVs) in year 2023, up from 7.1m units in 2022; its net FDI inflows was down from $180B to $15B (with its quarterly amount turned negative for 1st time in 25 years - capital is literally fleeing china); total exports was down from $3.6T to $3.4T in the same period. Growth in EV, or whatever industries you name, won’t offset the declines in FDI and exports. And we’re talking about 5% growth in GDP, that would be $915B net increase

[@user-xw3vi4nk2y]

A lot of butthurt bots from cC cp bot farm incoming in 3... 2... 1...

[@J_X999]

Nice try pinkie, there are no CCP bots here lmaooo

[@soragaming3653]

​@@J_X999 lol you are one of them 😅

[@user-zg5bp8ix9p]

“Joined 9 Jul 2023”

[@designengrwafu5310]

​@@J_X999We just caught you wumao, stop lying, you crazy 😂

[@adamwu6188]

He is talking about stock market, so to US expert economy is stock market

[@alanssshh]

best comment

[@user-ji4nc6pv4c]

This was about the first stock market analyst that I heard saying that the Growth rates of + 5% presented by China are not true... The others all seem to make us believe that they are (and think that we are stupid and cannot count 1 and 1 together)

[@Angelthedog]

I had a very famous, but Marxist, economics professor in college in the 70's. He predicted the Soviet Union would quickly surpass the U.S., citing the regular huge growth statistics of the Soviet government. Short China. Their stats are BS.

[@akbeal]

Yep anyone with half a brain knows it’s nowhere near 5%.

[@Western_Decline]

You know China has more industries than just construction, right? Some are doing bad. Others (EVs batteries, renewables) are taking over the world. Learn nuanced analysis.

[@dannynyima1781]

Even Chinese don’t believe that……

[@leqiaop1840]

stock analyst😅

[@owls077]

I was expecting someone like Jamie Dimon or Ray Dalio would have solutions to America's existing issues. After reading the preface of Ruchir Sharma's upcoming book, it looks like he already has solutions. Wish he is heard and his solutions are adopted by the US government. All the best, Ruchir Sharma!!

[@owls077]

Ray Dalio and Jamie Dimon were asked if they would like to contest for 2024 presidential elections. Someone should ask Ruchir Sharma - if not 2024 ..in 2028, would he be interested in contesting for presidential elections.

[@jacksmith-mu3ee]

Source trust me bro

[@sunnymitra6372]

@@owls077 He's a Hindu.......he can't lead the Christian World.

[@Western_Decline]

The West should always bet against China because it feels good. And there’s no consequences for being wrong.

[@gliu1431]

It’s easier for Indians to smoke but doing it is very difficult.

[@PrideWang]

China hasn’t announced what its GDP will be in 2023, so why do you say 5% is false? The IMF predicted on November 7, 2023 that China's economy is expected to grow by 5.4% in 2023. Are you saying the IMF is spreading rumors?

[@ritaawudey4451]

IMF predicts based on previous statistics. IMF doeen’t run the Chinese ecomomy. They work on the figires provided the Chinese 😂. Those fake figures.

[@chengavitch10]

Mr. Sharma, may be you can enlighten us. It is not 5%. Can you tell us how much is the growth and how you arrive at your data?

[@spg6651]

No.. That is confidential and calculation methods are Patented ( Meaning there is no calculation at all )

[@chengavitch10]

@@spg6651 looks like bluffing.

[@smileplease3204]

China claims it is largest producer of rice and wheat . India and China have almost same number of population.But India exports world's 45% of rice and also export wheat while China imports both rice and wheat even though Chinese eat all kind of animals and insects and large number of Indian people are vegetarian.

[@baazinews1027]

there's no way to find out as China doesn't allow Independent Foreign Analysts to calculate the GDP. But there's a huge amount of data which says that China's actual growth is between 0.5 to 2 %

[@spg6651]

@@baazinews1027 Did they find WMD .. I thing searching for last 25 years -- Instead they found Oil there.. In Geo politics telling lies and hypocracy are considered as somewhat legitimate. If CHINA is so cheating why so many countries want to do business with CHINA -- Just quit -- That is not happening as CHINA factory products are needed to the world -- If the same products are made in so called developed countries , it would cost 4 times . THINK -- China is here to stay live and kicking .. Whatever may be the GDP

[@oakspines7171]

Always great to hear from Prof. Clarke.

[@MathSolutionsForYou]

I wonder what happened to Ray Dalio's investments in China...he is a big believer in China and apparently pumped billions into Chinese stocks and etfs.

[@walden6272]

Good buying opportunity right now.

[@eliweiss5119]

That's why Ray dalio is out!

[@nikhilnishant5360]

He already pulled out his money

[@sarabeth8050]

Same question with Jim Rogers. He moved his family to Singapore (why not China?) a decade ago declaring that the future is China and that he was all in for China.

[@ksrawat88]

He is selling dumplings now 😂

[@josephdewuhan]

Yes, they are just about to collapse. Just keep you and your audience in a beautiful dream and do not wake up forever.

[@Ray5C0rn3r]

Every 'expert' all over the world has been saying China would collapse within 2 years😂😂😂

[@oleogabalo]

Yes. For the last 12 years China has been 90 days away from total collapse. Western wankers.​@@Ray5C0rn3r

[@seowkhoontan9534]

​@Ray5C0rn3r not within 2 years. It's more like 15 years ago.

[@louistan7560]

Don't know about China, but the Fed and US Treasury numbers are way beyond belief.

[@DismasBeats]

hi wumao

[@jian11188]

@@DismasBeatstruth hurts.

[@DismasBeats]

@@jian11188 using whataboutism doesn't mean he's right loser. Meanwhile 40% of people in China live in poverty while Winnie the pooh and his friends get rich. Bye wumao

[@awesome8975]

Agree

[@zixiaozong2048]

@@DismasBeats😂 from your comments, I believe you are really a very smart guy. You should join the White House and convince Biden your point.

[@calvinblue894]

He's telling you guys this to make you feel good.. It's entertainment.. And good for advertising money.. But it's not the truth..

[@jimwuhan5336]

@@stevoz6743 exactly

[@obiwan5781]

Merikkka love their feelings over facts 😂

[@ranjitpal9937]

Great Analysis 👍

[@netterdrachen1687]

Great how? Since when can we use the stock market growth or real estate growth to measure GDP growth of China? The Chinese economy is based on manufacture, totally different from the USA.

[@tobiwan001]

Europe had to deal with basically all geopolitical crises at once in the last few years and it is barely damaged. In 2022 it grew fast in 2023 it was not far away from stagnation, but it’s expected to pick up again in 2024. also compared to the US and China both public and private debt is much lower.

[@eyaswoo1483]

This video makes US win the competition with China! Good videos!

[@richlam8358]

😀😀😀😀😀😁😁😁😁😁

[@whatsyourname9289]

确实美国赢了

[@waynegore5291]

China's economic growth this year is -5%, does that make you fell better now?

[@AIha.b0mb.and.h00r.suppIyer.]

Why would that make him fell better. Investor's will suffer loose how can tht make anyone feel better

[@suhasdhamorikar5890]

Whole world thrilled 😅

[@waynegore5291]

@alha, Because that satisfy his emotional anti-China sentiment. Just like Gordon Chang. It's pure masturbation.

[@waynegore5291]

@suha, No, not the whole world, just the Anglo-Saxons led west gansters only.

[@davout5775]

The growth is based on current-RMB GDP not on real GDP. If we take the current-dollar GDP growth of America we have a 6.3% GDP growth for the year in the advaance estimate on the 4th quarter 2023 and the full year. But if we take the real GDP growth which is infation adjusted for Q4 2023 and full-year 2023 we get 3.3% and 2.5% respectively.

[@jacksmith-mu3ee]

Who told u that ? Gdp growth of all nations is measured in $ including china usa . U took a quarter while china achieved annual growth target while usa went into 8 trillion $ in debt . China debt is national not international

[@davout5775]

@@jacksmith-mu3ee Who told me what? If we compare the current-RMB GDP in 2023 vs 2022 we get a number of 5.2% growth from 120 trillion RMB to 126 triillion. If we do the same current-dollar GDP 2022 vs 2023, the US GDP grew by 6.3% or more than the Chinese. The US GDP grew by 1.61 trillion while the Chinese GDP, at the current rates, grew by 840 billion USD. Yet, the RMB lost some value relative to the USD in 2023 compared to 2022. So if we convert the 120 trillion RMB Chinese economy in 2022 exchange rates and the 126 trillion RMB in 2023 exchange rates, we see downward trend for the Chinese economy from 17.9 trillion USD to 17.7 trillion USD. Also the US debt is "national" as well. Only 7 trillion USD the US owes to other nations. The rest in internal.

[@jacksmith-mu3ee]

@@davout5775 then u have to use dollar rate at the time and today as well . U are diddling with the figures . Dollar is local currency of usa But a transition currency in china . And no usa debt is national plus international

[@davout5775]

@@jacksmith-mu3ee Yes! The US debt is both national and international. The vast majority of it is from sources within as there are no governments that could lend them that much money and the same goes for China. Actually both nations have very similar deficits. Slightly abover 1 trillion USD.

[@jacksmith-mu3ee]

@@davout5775 great . And international is also massive . Most of it owned by china

[@alexanderbSpeaker]

They’ve done it forever than never give it truly numbers why is it not a surprise

[@VanDuc-hm6sp]

An INDIAN SOURCE...😂😂😂😂Hungerindex111😂😂😂😂😂

[@whiteknuckles]

The US economists base a country's economic strength on the stock market performance. China is a different breed. China's economic strength is on production, not the stock market.

[@davout5775]

On what do you base this argument exactly? Because when I read the advance estimate of the US Q4 and yearly results, I saw no mention of the stock market in the GDP segment.

[@mateunlock2023]

Argentina's stock market is good, so its economy is growing 😀

[@user-oi4tj4pp8q]

which is great because Chinese production is down and so is the price on what they produce...

[@psychiisu]

Just curious, why use stock market indices to measure the economy of an industrialized country? Japan, India, Greece, and even Argentina's stock markets are all soaring, indicating rapid economic growth in these countries, right?

[@refererererer]

Clearly, you were not listening to what the guy on the video was saying.

[@alanssshh]

you are clear than most American

[@grahamjackson6589]

Imports vs exports FDI real estate demographics and youth unemployment tell the story. Contraction for 2 yrs

[@hokroeger]

If China's growth is not true, I wonder why the US is so absurdly afraid of China.

[@alanssshh]

net export in RMB tells the truth for GDP. do you agree that?

[@hokroeger]

@@alanssshh Truth is told by the difference between exports and imports. As long at it stays positive, it's good. China is replacing more and more of its imports with their own production. And, that is why, even with lower exports, China's trade balance is growing. On the other hand, I believe it is now over 2 decades, that the US is incapable of producing a positive trade balance. " Merchandise trade balance in China from 2013 to 2023" (Statista) "Trade balance of the United States from 2000 to 2022 " (Statista)

[@khale7180]

Real estate is 33% and activities is half compared to previous years. How can the economy grew 5%.

[@zimpiratecoms]

Why are you quiet on the industrial output like automobiles,ship building and renewable. What about those

[@user-oi4tj4pp8q]

It didn't just the Fascist in Beijing playing with his own virtual reality

[@cesardimal4153]

China's Stock Exchange is well-guarded against extreme speculation. China's economy is mainly reflected by its ability to remain the lone Super Power Manufacturer in the world.

[@napobg6842]

The tourist Industry is gone, FDI hit all time low in 2023, the population shrunk by 3.12 million people. The number of employed people dropped by 13 million in 2023. So did the labor force in general. Aside from the tourist industry, the property market is down which means a lot of people lost a lot of money, the stock market and net profits are down, there is deflation because people are not buying, the manufacturing is down, exports are down and overall trade is down. Who are they lying?

[@napobg6842]

@@fufu9352 I don't know by what metrics you decided that the property market crisis is local and minimal to the Chinese economy or the decrease of labor force or all kinds of other economic factors but I guess you know better. We see it by their GDP figures. China hasn't reported a single real GDP growth since 2021.

[@napobg6842]

@@fufu9352 I don't know what the number of exported vehicles has to do with anything. The overall exports in China are down. The chip breakthrough that you called is not a breakthrough at all. It is a stolen patent from TSMC which was reported something like 2 years ago. The fabrication was absolutely possible unlike what Chinese propaganda claimed as to be some kind of a miracle. In fact TSMC achieved 7nm architecture using DUV machines, the same in possession of SMIC.

[@Western_Decline]

@@napobg6842You’re gonna be in for a decade of gnashing of teeth when you see that China continues to grow. 😂

[@napobg6842]

@@Western_Decline China is relatively poorer nation with a lot of room to grow. The fact that their official number is around 5% is not good at all! And that's the official number. The reality is that it is much lower than even that.

[@meganormie8579]

@@napobg6842 5% growth for a nominal economy of 18 trillion $'s is actually very high. I hear a lot of china bashers always say the official growth number is wrong or a lie, but they never show any actual evidence or present another reliable model. I think its more like you dont want it to be true.

[@Billck24]

Im more worried about US money printing problem

[@ritaawudey4451]

You should be more worried about how dumb you are for falling to lies and conspiracy.

[@MrChenjinyuan]

These smooth talking know it alls get to pull the wool over everyone's eyes and get to head all the top IT companies in the US. Time will tell as to their true technical competence

[@Lightofhaifa]

If talks on TV can change anything, i would put all my time in learning talk like this guy. Unfortunately talks only end up talks, like the air, dust, end up nowhere…

[@Questioneverything2050]

Indian hating on China 😂😂😂😂

[@jacksmith-mu3ee]

They lost so many times.

[@jacksmith-mu3ee]

@@Traderking1990 the way he talked proved otherwise

[@jacksmith-mu3ee]

@@Traderking1990 agreed . Pajeed agree pajeed .

[@jacksmith-mu3ee]

@@Traderking1990 pajeed . Wrong name . Dont worry we know pajeeds are not educated

[@jacksmith-mu3ee]

@@Traderking1990 ooooh i love this part Manipur cuisine Ganges River Patabjali 🐄 💩

[@posthocprior]

A good interview.

[@hokroeger]

What we know so far is, that if a Sharma says it, it is not true.

[@akbeal]

What kind of fool would invest anything in China geez.

[@herrwolf5184]

the smart ones

[@porkyvonchop6458]

So where are those people now that says there's no bubble in china 10yrs ago😁

[@ccyylll3511]

Which are you, "I doubt it's fake" or "I hope it's fake"?

[@Nobleheart111]

I know China is all fake. No substance there.

[@jacksmith-mu3ee]

@@Nobleheart111 Oh why are u describing usa ? I am shocked when people say that usa is totalitarian genocidal dictatorship List of Countries the US has Bombed Since the End c WWII (may be incomplete) Korea and China 1950-53 (Korean War) Guatemala 1954, 1960 Indonesia 1958 Cuba 1959-61 Vietnam 1961-73 Laos 1964-73 Belgian Congo 1964 Dominican Republic 1965--66 Peru 1965 Guatemala 1967-1969 Cambodia 1969-1970 Nicaragua 198OS El Salvador 1980s Lebanon 1982-84 Grenada 1983 Lebanon 1983, J 1984 (Lebanese, Syrian targets) Iran 1987 Panama 1989 Iraq 1991 (First Gulf War); 1991- 2003 (US/UK "NO Fly Zone") Kuwait 1991 Somalia 1992--94; 2007 Bosnia 1994-1995 Iran 1997 Sudan 1998 Afghanistan 1998 Yugoslavia 1999 Afghanistan 2001--ongoing Iraq 2003 (Second War--more recently predator drones) Yemen 2002, 2009 Libya 1986, 2011

[@jacksmith-mu3ee]

@@Nobleheart111 i know ? Ok Prove it . Waiting

[@Nobleheart111]

Ok. It is China. And China always lies. There. Proven. @@jacksmith-mu3ee

[@user-kf6yp1zq9k]

US mideas always know what their audience want to hear.

[@Sidicas]

growing at 5% for small values of the variable named "5".

[@parjanyashukla176]

Roochirr Rockefeller Chindoo Sharmah - that's a better name. Sharma doesn't sound good on you anymore.

[@yewjunhao3615]

Look like he figure out the difference between norminal gdp and inflation adjusted norminal gdp.

[@yellowcode2011]

I was born and raised in a small city in China and have been living overseas for 20+ years. I don't really care nor believe the growth numbers, but whenever i go back every a few years, i hardly recognise the city. It's developing so rapidly and been an amazing feat considering China only opened its gates merely 50 years ago.

[@hiteshadhikari]

Ofcourse it grew, the building of meaningless buildings is the way they generated value and jobs Real estate was 30 to 40% of gdp growth, hence why they kept building and people kept investing in the bubble

[@yellowcode2011]

Not sure what you mean by meaningless. Street side stalls moved into buildings, outdoor open market moved into buildings and old suburban living complex became apartment buildings, old low story buildings get redeveloped into shopping centres and parks. They don't generate value is no one use it, i think you see some negative reports about it and just applies it to everything?@@hiteshadhikari

[@MSDGroup-ez6zk]

@@yellowcode2011 Americans are jealous to see what China has achieved. White Americans are lazy.

[@hiteshadhikari]

@@yellowcode2011 buddy real estate in china is 1 tofu 2nd not sold because its vital hut because it was culturally integrated as investment, the bubble has been artificially propped up by loans and now the RE companies cant even make flats they have already taken money for. It was a artificial demand bubble which was propped up so much it became a headache Same is for mega projects inc HSR WHILE HSR IS VITAL, meaningless HSR to villages where there are barely 20 passengers a day just to showcase to world has put the hsr into deep debt. Ccp wants private players to take over routes which dont generate profit but keeps firm hold of the ones which do. No one wants to do it

[@jamesl2590]

Hello, I travel to China yearly for work in the late 2016-2020.. Seen plenty of empty housing (unfinished). And yes I do see quick developments in rural towns and it feels good with more amenities, but occupancy rates were bad. Not sure if the excessive investments in non-1st tier cities are worth it economically. And I also often hear rumours about local civil servants going unpaid as early as back in 2019 in 3rd tier cities.

[@spg6651]

This expert economist is WRONG in multiple times -- He is " Back of the envelop" kind of person and talks excellent English and that is the major trait he has .. CHINA being CHINA always has long term vision for anything they do -- They are not QTY result kind of people .. CHINA's growth whether it is 5% or less than that does not matter -- What is more important is CHINA's emergence as Global super power is damn real -- One has to accept that -- 34 TRILLION DEBT is not going to safe guard powerful country on the earth . It is no longer possible to "Export" fiscal problems to rest of the world... Other countries have realized that and taking strong action regarding the same

[@XiaoxiaoYuyu-ug3gy]

Is he first post palki shama's brother or cousin?

[@Alice-7777]

No he's from same cast as palki

[@XiaoxiaoYuyu-ug3gy]

@@Alice-7777 no wonder

[@jacksmith-mu3ee]

​@@Traderking1990palki is xi jin ping sugar daughter

[@jacksmith-mu3ee]

@@Traderking1990 😆 🤣 😂 😹 Palki is father Well what do u expect pajeeds . Beggars

[@teoeehuat8742]

Who to trust now aday? Majority of Economics expert are all look like Fortune Teller or Snake oil Seller. 😂

[@jacksmith-mu3ee]

Agreed .

[@DLAM19]

Stock market has never represented the real economy in China! Stock accounts for only 3.5% of total financial asset for Chinese citizens

[@tvm73836]

They will come down like a cheap Chinese pack of cards!

[@jeanhuynh8548]

Check IMF numbers how much China is growing in 2023, they just revised the number upwards to 5.4% growth in 2023. They are also projecting a growth of 4.5-5.5% in 2024 for China And the IMF is who? An institution from the West International Monetary Fund, I rest my case.

[@hiteshadhikari]

IMF numbers dont come from independent audit but what ccp tells them

[@MSDGroup-ez6zk]

Americans are jealous of the Chinese. They are lazy but expect to earn the sky

[@spectrum_X]

Who is China...? Ah the virus creator , i remember now.

[@nazareth9090]

The IMF gets their numbers from the CCP which in turn gets the numbers from the provincial govts. Same for all countries.

[@ganeshwaran9]

IMF gets cooked up numbers from China. Of course, IMF has its own analysis but the core numbers are all from the communist state

[@soldiersvejk2053]

$1,000,000 tip: you do not ask an Indian about China, if your question matters financially.

[@JonathanHerz]

💯

[@SumitPalTube]

Lol. He has the most pessimistic response on the Indian market out of all other analysts.

[@DustOnCloud9]

Ruchir Sharma is of Indian origin, but there is nothing Indian about him. He is speaking purely on financial terms. Just read his articles, u wud know

[@jacksmith-mu3ee]

​@@DustOnCloud9still indian

[@DustOnCloud9]

@@jacksmith-mu3ee yeah, just like many white Americans wud still be Germans, Italians, Irish etc,,

[@MasticinaAkicta]

Yeah Europe been through some SH*T but .. we rode that wave. Hopefully the worst is over!!!

[@caregazo2100]

Look we know this to be true since 2008. But now big business feel the negative effect to do business with china. Nothing change, their numbers will still be positive like always.

[@kevinraper114]

Good to hear someone call out the lies from the CCP. Just the housing market that was supposed to be about 25% of the economic is pretty dead and yet not a shrinking economy, no it's still going up 5%. It ridiculous.

[@jimmylam9846]

Auto exports was # 1 in the world beating Japan.Semi-chips no long importing but exporting. Huawei's revival,EVs and battery technology cornering the world market.BDS is beating old tiring GPS.Green energy technology,Shipbuilding ( military & commercial) #1 in the world. AI beating the American. 4th G nuclear plants.Artificial Sun. High Speed Rail and infrastructure exporting. 5G & 6G telecommunication,Quantum ( chips,radar,stellite C).THERE ARE MORE SURPRISES COMING China is the leading the world in science & tech kzbin.info/www/bejne/eF6Tm4uppbmki9U Report by Eric Schmid ex Google CEO

[@calvinblue894]

Not true...the housing market is not 25% of China economy.. You have been lied to.. Residential Housing economy is only ranked 6th place in China.. There is Residential and there is Commercial estate property.. Whoever lied to you added the two together.. It's deceptions

[@jacksmith-mu3ee]

😂😂😂😂 Source ? Proof ?

[@eliso5973]

okay, then US doesn't need to worry about China 😂

[@odysliu9102]

160k views, but 1.6k likes and only 800+ comments.

[@VinaySharma-xq6nw]

India is the market . India May be slow but it’s steady . The biggest keyword is Indians largely try to be honest and not like Chinese trying to cheat and provide low quality service and products and artificially inflate its numbers . Next 10 years certainly belongs to India .. and yes India has not been walking on the same path as China has been doing .. we are trying to grow together along with regional partners and countries as opposed to Chinas oppressive rule where they alone tried to grow while trying to subvert coerce other regional players .. if you grow together along with your entire ecosystem and neighboring countries the growth will be slow but it’s very difficult to bring you down .

[@cheneylee1495]

Love from China. It would be great if all Indians thought like you.

[@karansuri1576]

Nice guys finish last Be like a chinese Steal copy paste

[@VinaySharma-xq6nw]

@@karansuri1576 only in the short run bad guys go ahead but in the long race they fall behind .. same is happening with China now .. they shot up using all kinds of unfair means , like debt trapping smaller nations , forced land grabs , sea area garbs , stealing tech etc and overestimated their growth pitential and look at their markets , real estate and manufacturing everything is going down … they also lost a lot of money on that BRI thing .. most sad thing is China considers India its enemy .. instead of it worked together synergistically with India , USA would be toast . If China and India work together no other western country can stand before it but who will make the Chinese fools understand that .. But way China has behaved by taking Akshai chin and creating tensions in border we don’t need them .. India is enough to stand on its own and tak eye to eye with that west …

[@mrgyani]

Indians and honest? Lol. China has grown faster than India in the last 9-10 yrs. Increased gap from 4x to 5x+. Bangaldesh has doubled it's economy in this time, and has already overtaken India in per capita. US has increased it's per capita income massively. Where are the results that you speak of? Aren't 10 years enough to show some results, over empty talk?

[@seekx2y556]

@@mrgyani No need to refute. If he is Indian, then what he said is 100% correct. India NO.1, the greatest country, and make America great again.

[@VL-inquisitor]

So, it is the best time to buy Chinese stocks, given the global interest rates are expected to drop this year, right??

[@davidjones6389]

Until its not.

[@jacksmith-mu3ee]

​@@davidjones6389heard this before

[@baazinews1027]

Nope. If you buy Chinese Stocks you will lose money But if you buy Indian stocks you'll easily make anywhere between 10-25 % returns in Dollar Terms

[@jacksmith-mu3ee]

@@baazinews1027 India best achievements so far India's Hunger index 2013: 63rd rank 2022: 107th rank India's Happiness index. 2013: 111th rank 2022: 136th rank India's press freedom rank 2013:79th 2022: 150the the fourth pillar of worlds largest democracy is no more India's unemployment rate 2013:4.9% 2023:7.5% Unemployment rate never increase in growing economy.. india is growing only on paper and by loan India's Debt before 2014: ₹55 lakh crore 2023: ₹155 lakh crore India's GDP from 2004 to 2014: $709 billion to 2.04 trilion (almost triple) India's GDP from 2014to 2024: $2.04 trillion to 3.6 trilion (expected)...not even double

[@baazinews1027]

@@jacksmith-mu3ee chinese ccp bot

[@Sophie-iv4ci]

Oh really? We shall see! 😂😂😂😂😂

[@johntang4108]

Stock market has little to do with the up or down of the economy of a country.

[@ritwik5774]

"China should stimulate its economy" vs. "China doesn't believe in free market economics and is too statist". That should tell you all you need to know about these "experts". What the hell is a "free market economy" even supposed to mean? That would imply the non-existence of market regulatory bodies. Name me a single country where that's the case. They're talking as if the U.S. didn't print 4 trillion dollars out of thin air to bail out the banks in 2008; what was "free market" about that? The U.S. is as socialist as they come. And why in hell would China want to be the world's largest economy in nominal terms when it's already the world's largest in real terms i.e. purchasing power? What sort of rubbish economics is this? At this point, I don't know whether they're deliberately spouting drivel to keep themselves relevant by reaffirming what Americans want to hear, or are really just that deluded.

[@pohmoh3590]

Same as US stimulate its economy by debts 😂

[@sinhasatiprasad]

Your last point is so true for all such analyst, academics, intellectuals based in US. Hence we need to take all these economic or geopolitical analysis with a pinch of salt.

[@yewjunhao3615]

China gdp is the largest in PPP term, not real term. But you are right the OP is wrong. If the analysis take into account inflation. China and US gdp gap is shrinking.

[@Andrew-rc3vh]

Free market def: No coercion of the buyer. The buyer is free to buy what he wants, hence the name. The buyer has perfect knowledge of the market The market has Infinite number of buyers and sellers No state subsidies or taxation to distort the market. No government interference in the market. This is an ideal free market as a theoretical concept. Real markets are less than free but can be a good approximation, e.g. some large internet retailers like Ebay and Amazon have so many sellers that it is close to being infinite in market effects.

[@sinhasatiprasad]

Free market survives everywhere on periodic govt bailouts of banks and financial institutions. Ultimately bottom 90 percent pays to enrich top 10 percent.

[@devshetty7465]

Chins is growing at -5%

[@Random-yq1wu]

Agreed

[@mibrooks1357]

Wrong. -105% .. keep dreaming, don't wake up😂

[@cmac7384]

I said this 2 years in the comments section welcome to the party

[@SportsIncorporated]

It's my understanding that if you want to be the global reserve currency, you can't manipulate the currency. Tell me China doesn't want to manipulate its currency.

[@Wbliss]

A lot of foreigners talk too much but know little about China & its economy. They make all kinds of predictions , left & right but none of them , could ever get it right.! That’s a common problem among these foreigners who could only make false claims or just bs their way right through to most of their gullible audience out there. There is one thing for certain, when it comes to money management, the Chinese citizens & its govt. knows what & how to manage their finances well esp. when they are faced with any kind of financial crisis, be it with the family or at the governmental level. The Chinese don’t go around making predictions, they grab the bull by the horns.!

[@seowkhoontan9534]

A lot of Western analysts, including Peter Zeihan and Gordon Chang, are Jack of all trades, master of none. Others are full of biases and discrimination.

[@christiancampbell5465]

I'm gona have to disagree with you on that on chief. Chinese government has absolutely no idea how to manage its finances. From the federal to a provential leval. At least not over several decades. The over investment in retail housingl is evidence enough of that. Fourigners are not just a bunch of idiots being fooled by biase. We have ran our economies for centuries on market principles and been very good at it. Enough to become superpowers. Perhaps you should consider what economists have to say

[@yeejlilys9742]

This guy needs to check India's GDP numbers.

[@jimmylam9846]

Indian GDP # are crooked kzbin.info/www/bejne/bJ2xnHSVj96Fjas

[@mrgyani]

He does critique India.

[@craigslist1323]

Checked India s gdp numbers and it’s growing far faster than China 😂😂😂

[@mrou871]

He is smearing China, because his boss told him to! There is no free press in America!

[@prashant-cg9mk]

India is open for world are not like China. Come do research

[@SonjaBlackall-qb1nb]

I got good idea,,we can lie our selves out of problem,,we good at that😂

[@simony276]

Indeed China is growing silently!

[@kortyEdna825]

The stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.

[@Justinmeyer1000]

It's understandable that the current mass hysteria and panic are palpable. After all, we're not used to dealing with troubled markets. However, as you rightly pointed out, there are options available if you know where to look. Personally, I've been able to make a profit of over $850k in the last 10 months. It wasn't a complicated strategy that I used, I just knew that I needed a reliable and robust approach to navigate these trying times. That's why I hired a portfolio advisor.

[@carssimplified2195]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@Justinmeyer1000]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.

[@carssimplified2195]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@freespeech8520]

China gets all the help from the U.S. Just as China's C919 planes are off assembly lines, Boeing planes start dropping doors mid-flight.

[@Mcky-lw1zb]

Exactly what I thought when news came out. Something so basic should never happen. Just tells you China's quaility deficiencies in their unskilled workers.

[@jayeshratangairi8732]

Damn bro 😂

[@Anomize23]

What a coincidence 🤷‍♂️

[@viharamonastry]

Chinese economy is going to be stagnant for decades

[@user-xo8mr4hf4r]

India has no love for China. And will surpass China in GDP in coming decades. Not only that. India can do something China cannot -- feed its people. India is a suddenly a world player with a bright future. You go, India.

[@chrislee5685]

Did China even demand India love in the 1st place? Don`t be so thick skin okay 😂 Yes India should feed it people it a given all nation does it nothing to brag about it basic okay. Yes please manufactured more to make thing cheaper. So why fricking ban rice export when world needed it what baloney.

[@kimiscof]

The guy was trying to use stock to analyze China's GDP growth........Ha ha, even a high school graduate in China knows how hilarious China's stock is.

[@RedCaribbean]

Crazy you’re the only comment like this😂😂 apparently a countries growth is tied to how big of a ponzi scheme private capital can run.

[@AP-do6sv]

He is on CNBC he has to talk about stocks. Thats the target audience for the platform

[@mengkhiangtan1144]

So the resilient US economy is also not the truth. what gives.

[@gregwilson3546]

Amen!

[@jacquesmassard9226]

China is literally following japan econ playbook to the letter. Now for a "lost decade" that goes on for 30 years

[@doringgray6952]

They didn't tell you it is five percent, its the IMF tells you its 5%.......😅

[@besomewheredosomething]

They told the IMF it was 5% and then the IMF told everyone it was 5%. There, fixed for you.

[@jacksmith-mu3ee]

​@@besomewheredosomethingsource ???

[@moozillamoo2109]

@@besomewheredosomething Kinda like WHO. China told WHO that there was no man-to-man transmission....

[@doringgray6952]

@@besomewheredosomething Oh, is that easy you think? They have inspectors and USA controls the most voting rights of IMF do you know that?

[@doringgray6952]

@@moozillamoo2109 You want to check the WHO record? China never said it, it is your media said that WHO said it.

[@isaackys]

Gordon Cheng want-to-be.

[@Nowshad82]

Isn't the same stimulus argument equally true for the USA?

[@yewjunhao3615]

OP is wrong. If the analysis take into account inflation. China and US gdp gap is shrinking. If one loaf of bread is 1 dollar last year but 2 dollar this year. GDP calculation would be 2 dollar instead of 1 dollar by excluding inflation.

[@lv9657]

Yeah, how dare China have 5% economy growth whereas US have only less than 2% ! LoL

[@Media-009]

USA is U$34 Trillion in Debt 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@FRIPPE_THE_GREAT]

China has about 2.5 times that debt in relative terms.... and all that money was spent on nonproductive housing. To have a communist fascist government running a "capitalist" economy maybe wasn't such a good idea? China will collapse under its own self-deception and lies...

[@eddyr1041]

Who the hell will put most of money in yuan ...😅

[@pragasanarchary2980]

well I guess time will tell whether china sails or sinks, but it would be nice if ccp could give accurate feedback.

[@Bigbudd0045]

they have never done so before why now. Their whole "act" is to pretend that they are inevitably going to be the dominant economy. They are in decline and it will get worse. Their population is now the fastest aging in the world, and shrinking on top of that. Their peak economic productivity was in 2005 and has been declining. The reason China cracked down on Crytpo was to stop capital from leaving the country. If China has such great growth rates...why would they be buying up property in other countries? You should invest where gdp growth is the highest...Japan was buying up Rockefeller Center in the late 80s....because their wealthy knew that they were in a bubble. China cant feed itself or power itself, and needs open sea lanes to get products in and out. The US is done keeping the sea lanes open and china has a large navy that cant sail 3000 miles away and they have no experience with maritime patrols. Their economy is going to collapse this decade.

[@Nobleheart111]

Nah. Totalitarian genocidal dictatorships don’t have to do that.

[@jacksmith-mu3ee]

@@Nobleheart111 Oh why are u describing usa ? I am shocked when people say that usa is totalitarian genocidal dictatorship List of Countries the US has Bombed Since the End c WWII (may be incomplete) Korea and China 1950-53 (Korean War) Guatemala 1954, 1960 Indonesia 1958 Cuba 1959-61 Vietnam 1961-73 Laos 1964-73 Belgian Congo 1964 Dominican Republic 1965--66 Peru 1965 Guatemala 1967-1969 Cambodia 1969-1970 Nicaragua 198OS El Salvador 1980s Lebanon 1982-84 Grenada 1983 Lebanon 1983, J 1984 (Lebanese, Syrian targets) Iran 1987 Panama 1989 Iraq 1991 (First Gulf War); 1991- 2003 (US/UK "NO Fly Zone") Kuwait 1991 Somalia 1992--94; 2007 Bosnia 1994-1995 Iran 1997 Sudan 1998 Afghanistan 1998 Yugoslavia 1999 Afghanistan 2001--ongoing Iraq 2003 (Second War--more recently predator drones) Yemen 2002, 2009 Libya 1986, 2011

[@virendraSingh-je3sx]

There are some major reasons, like failure of real estate market, rising debt of provincial governments, failure in managing covid out break and unprofessional attitude of Xi Ping himself towards very big companies, cutting them to smaller sizes and hostility to West, USA, Japan and India etc.

[@anubizz3]

And yet it's Murica and Swiss bank that go under😂😂😂😂😂

[@kastus77]

Actually its no any hostility of China to West. The West just returned to its lovely fascism. Chinese exclusion act 2.0, but China nit as before

[@user-rh7wk9dj9b]

OK, China has collapsed again.

[@hemantv1676]

We don't see china lending billions to other countries these days they're truly in trouble

[@paladro]

@@anubizz3 zhonzhi bank... what were you saying?

[@kwu6456]

if you can spend some time on the ground in china, you will notice things are being done better everyday. people generally are smart, well educated and hard working and they are all working to improve their life. this is powerful and unstoppable. these are so different from what the financial markets are telling you.

[@exploreplanet930]

Agreed. The talking guy has no clue about china.

[@mandtgrant]

Bot

[@tdbhavsar]

There are smart and hard working people always in china and so does everywhere in world but that does not alone help in economy right

[@fredfrond6148]

Dude is analyzing China in terms of us financial metrics. China is a goods production economy. Europe is dying because of the UK promising all the weapons that Ukraine needed. Now Europe has to pay 4 times the price for liquified natural gas from the US instead of cheap American gas.

[@frankm6218]

Chinese stock market went that way in past 30 years so you mean the Chinese economy growth in past 30 years is also not true? Wondering you are an economist or a cia propagandist. Stock market in China is very small and irrelevant to overall economy, it is why.

[@thesheepthemightythecrazy]

It is not true because he said so. lol.

[@amunra5330]

When he brought up demographics he lost me.

[@calebroberts5422]

Lol their population is declining rapidly as their reproduction rate just fell to 1.09 per woman(below the 2.1 rate required for population upkeep) It's a major issue for them and will lead to their further economic decline

[@user-nf7bl7mb5q]

Oh well don't listen to him since you know so much

[@JuriBinturong]

don't listen to the Windows 97 tech support guy

[@amunra5330]

Oh oh I think someone got triggered lol @@user-nf7bl7mb5q

[@newtonwambui]

You guys have been saying this about china since 1991,, they became the largest car exporter last year, BYD surpassed Tesla on ev sales, what is what tell us the truth because on the ground things are different,,

[@31763660]

Go up fast = come down hard. It's just the way it's always been.

[@bobbyzhang5069]

"Well, I guess the question comes back to their desire to overtake the United States and become the reserve currency" is blatantly false propaganda. If the Yuan was intended to be a reserve currency, why would China support the development of the BRICS currency?

[@UKkenny]

👍👍

[@harshitsingh1600]

Because nobody still trust China’s opaque financial system even they are largest trading partnersof majorityof the countries. Chinese wants both the control over the currency to keep it undervalued ( helps in exports )as well as the reserves status that's not going to happen unless China allows Yuan to be freely convertible . So they came up the idea of this Brics currency but believe me nobody is buying that idea including India .

[@dzcav3]

There will NEVER be a BRICS currency! At least not until the unicorn finds the pot of gold at the end of the rainbow.

[@shashwatsinha2704]

Because yuan failed

[@anilpopli9184]

There can not be a BRICS currency R5. A currency needs to be supported by a Sovereign contiguous country/ economy. That's the case with Euro. BRICS countries are too haphazard and disconnected to have a common currency; it will be a plunge into a dark hole.

[@allah_phaad_de_rasul_ki_gaand]

Ccp bots barking in comments🤢🤪

[@whitemerlin5737]

This man look like getting interview after some dose of 'coke' 😂

[@teoeehuat8742]

How come this standard can be on CNA. He belong to Bollywood.

[@churabhok2869]

I've lived in China for 20 yrs....its all rice and paddy fields here👍🏻😁👍🏻

[@GGGPPP3897]

The words of Americans have no credibility.

[@baazinews1027]

The words of China have ZERO credibility

[@gkmail8718]

There is still no cure for blindness. Go on believing what you want BUT do not continue to plant the seeds of war all over the world. YOU GUYS HAVE DONE ENOUGH DAMAGE TO THE WORLD.