China's Energy Crisis, Oil is Killing China's Economy

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[@Bui-ex5zs]

Pin me again, still disliked because of shitty voice

[@BusinessBasicsYT]

Why do you still click on the videos?

[@Lioness_Abby_Plays]

if your voice is their only complaint. then i guess your doing great :D @@BusinessBasicsYT

[@crrc4s]

So someone with English as their second language have shitty voices? I guess you’re not a worldly person.

[@philippefutureboy7348]

This guy 😂

[@aftersexhighfives]

I like the voice. Stop being a xenophobic prat.

[@whenisdinner2137]

Saying that US oil reserves can only support the country for 5 years is not accounting for the fact that the US is the largest oil producer in the world and a net exporter

[@thedad1557]

Not anymore but you are correct, the US has enough oil to last longer than a century

[@deeohen8344]

That doesn't even take into account "untapped reserves" - i.e. oil sources we know and can prove exist but that we haven't drilled yet due to margins, cashflow or priority.

[@sgt.grinch3299]

The USA can produce all the energy we need. If necessary Canada will send oil to the US before China.

[@Bradman1978]

Well, that will depend on politicians stopping virtue signally to 'environmentalists' that want to stop oil production.

[@MrThetruthhurts]

None of your statement is true since Biden took over.

[@CookNut456]

Don’t worry guys, China still has gutter oil to bail them out 😂

[@l-darkstar3980]

This is actually true though. There is a company in China that purifies gutter oil and then used to power jet engines.

[@cA..07]

Ikr lmao 😅

[@tomsewell2462]

Whalp!

[@Winters777]

😂😂😂 nailed it

[@mah7961]

Heard their J20 can go up to 300 hectares on a single tank of kerosene. They just have to put it in H to go.

[@SqwarkParrotSpittingFeathers]

Oil tankers are relatively easy to hit, even for a blind man in a dark room.

[@nosoupforyou425]

Leave Biden out of this

[@ptonpc]

The Houthis will be trying that soon.

[@reverands571]

Didn't an oil tanker get hit, this morning?

[@brettshannon4032]

​@@ptonpcthey've already tried

[@ashleyobrien4937]

really ?! I don't care for China at all, but I sure hope one of those tankers doesn't get holed, what a gigantic mess that would be, on the bright side, Xi could dip his hair in the sea and soak a bit up...@@reverands571

[@StephenTimothy-ky7vm]

My question is: If China is now a world super power, does China still have status as a third world for trade and business purposes? If so, China should be stripped of this special financial status.

[@Hairy_Takoyaki]

Problem is WTO does not define what a developed country is, so it's left to China to declare itself as being such, but in doing so would result in losing the economic advantage under the guise of still being a 'developing nation' so I wouldn't hold your breath for that to happen any time soon even though they are 2nd biggest economy after the US. What a farce. 🙄

[@tomsewell2462]

I think it DOES have that status, which is why they can ship us a toaster faster and cheaper than a usa made one. thats crfazy. strip it!, also crazy tghey own Burger King. WTF? nationalize all their usa assets.

[@dyanacosta9318]

Technically, China isn’t considered a superpower it is only considered a regional power.

[@tychos872]

China is a 3rd world country when its looking looking for advantages. Then its a superpower when its pushing others around. You can not be a 3rd world looking for hand outs if you can drope money into a space program and aircraft carriers. Both are money sinks and tech show pieces.

[@serronserron1320]

@@dyanacosta9318 If that's the case then everyone else besides the United States is only a regional power. China has business and military operations across the world. And they have far more political influence than most alliances.

[@GetFitEatRight]

I don't understand how this is an issue. Aren't they buying everything Russia has to give as next to nothing.

[@movom1466]

Middle East is sending to china too. Another thing is that china is trying to reduce oil energy use instead of renewable energy 😅

[@mattyghost3409]

That's what I thought and they are refining it and selling

[@feuerzahmer10]

Russia doesn´t have the capability to transport this much oil, because the infrastructure simply isn´t there

[@deanmason5900]

I thought China had millions of barrels of oil off it's South West coast?

[@strykrpinoy]

@@movom1466 ME oil can be easily blockaded.

[@edheim9852]

See what happens to greediness you're screwed LOL

[@MohammedKumar-si4ec]

🤣🤣🤣 Kid.. please don't talk like that to your parents.

[@Bob-qk2zg]

This is much too similar to the Japanese Empire in 1941.

[@shaygilcreest1098]

And we know what happened to them.

[@typicalsomeone5073]

​@@shaygilcreest1098yeah it flex then got its arse handed to it

[@shaygilcreest1098]

@typicalsomeone5073 as the saying goes "We blew up 6 of their ships and they dropped the sun on us twice!!" If China wants to go to war with the US they better damn make sure our military is taken out of action first if they even want a chance at good peace deal.

[@gagamba9198]

Appears you were misled to think so. Oil accounted for 7.3% of Japan's _total_ energy consumption prior to its invasion of China in mid '37. Coal powered Japan's economy. About 68% was coal, 18% was hydroelectric, less than 10% was biomass (mostly for home use) and the remainder was oil. Home electricity consumption was also low - average of 3 lightbulbs per home and the most common electric appliance was the iron. It was only in 1940 that half of homes had a radio. Japan in '40 had 0.5% of America's vehicles. Locomotives and light rail were powered by coal and electricity. Factories were powered by coal, coal gas (LNG wasn't yet a thing), and electricity. Merchant shipping was fueled by oil and coal. Who were the chief consumers of oil in Japan? The military, especially the navy that was the world's third largest. The merchant shipping fleet. The fishing fleet. Japan was importing less than 30 million barrels (and oil was about $1 a barrel) per annum, and some of this was going into its national stockpile that was established by law in 1934. At stockpile's height this was between 51 and 55 million barrels before '41. In mid 1940 Japan began negotiations to strong arm the Dutch East Indies (DEI) to increase oil exports to Japan to 3.5 million tons (about 26 to 28 million barrels depending on specific gravity) - DEI produced about 61 million barrels in '39. Further, Japan demanded DEI accept payment in yen. The Dutch refused. By value, Japan imported more raw cotton than oil in from '36 to '38. By a lot. In '38 Japan imported $60 million more in US cotton ($88.3 m) than US oil ($28.3 m). In '40 it was only $3 million more as cotton imports dropped and oil imports increased. Why? War beginning in '37 and the establishment of war mobilisation in '38. In '38 civilian consumption of petrol dropped 60% due to rationing. Before war with the US it was down to practically nil - only trucks (about 77k) could obtain fuel and each was allowed one-third the amount consumed prior to rationing. Coal was king back then. Except for the military.

[@moors710]

In the 1980's I worked on coal to oil and coal gassification projects in North Dakota as part of my graduate studies ( 2 publications in this area). We worked with SASOL the South African coal to oil company. Since China does have large coal to oil reserves this would be a viable resiliency route given China's massive coal reserves. The primary reason we do not currently use the technology is it requires about twice the capital input of crude oil input facilities. Both South Africa during apartate and Germany during WWII ran successful coal to liquid fuels albeit at about twice the expense of a comparable crude oil facility. The North Dakota facility is currently producing mostly ammonia for the agriculture in the region.

[@MrTL3wis]

It can be done, but the energy inputs it takes to do it makes this a relatively poor option, similar to most biofuels. You know this better that I do.

[@lilliclementine8119]

Interesting, thanks.

[@Boomshackle]

😂

[@kabbythedog9409]

@@MrTL3wisthey are making tons of money btw I still talk to people there

[@kabbythedog9409]

As far as I know they haven’t had an explosion since I left 5 years ago

[@1-._.-Blue_Vr-._.-1]

What happened to all the oil they bought at that nice discount from Russia?

[@GNMbg]

they are using it fast

[@thomasrial4444]

Ukraine also blew up their main railway connection between the two countries.

[@Operator8282]

Most of the Russian oil flows to ports on the Black Sea, and transporting anything from there is a increasingly dangerous proposition, the insurance for the shipping is taking the costs of a load of that oil to significantly higher than just the cost of the oil. Cheaper to get the oil from more local and less expensive to ship sources. Also, a lot of Russian export oil is the heavier, harder to refine oil. This reduces what you can get out of it without very expensive refinery upgrades.

[@gentlebabarian]

Infrastructure between china and Russia isn't that great. So it cost alot and takes alot of time!

[@aftersexhighfives]

It was watery

[@reverands571]

This reliance on so much imported oil, gives me a window on why the 3 Gorges Dam was built, as well as the heavy investment in Solar.

[@daviddesert3132]

I think it not used so much as energy but more for chemicals and plastic?

[@jimclarence5441]

When Three Gorges was built, it provided 10% of Chinas electricity. Due to growth of manufacturing, it's now about 2%.

[@ChowYewLoon]

@@jimclarence5441 That's why China initiate BRI so that's China can tap all the natural resources from it's partners in BRI! That's included oil imports to China!

[@callak_9974]

Considering how poorly it was probably built, the question is when it will fail along with other major infrastructure projects that China has done.

[@gagamba9198]

_'heavy investment in Solar.'_ Undone by over reliance on coal. Have you seen a China's sky?

[@arthurmosel808]

If this situation is true, this is where Japan was at in December 1941. In fact worse, Japan had six months supply in that month. Not mentioned in this video is the existing exotic issues and the current epidemic, housing issues, and no work for its young people. Thr PRC has to do something soon, or face implosion.

[@arthurmosel808]

Not exotic rather economic. Like foreign nations moving their operatio s to other countries and across reduction In goods made in the PRC.

[@TheRezro]

@@arthurmosel808 Yes. It is exactly why China started acting aggressively. As they do everything to secure own future. The big difference is that China know now what happen to Japan. Furthermore what did happen to Russia and Hamas. Who repeat historical mistake of Japan. It is why war in Taiwan is for now unlikely. But US must ensure both strategical flexibility and also ensure that rouge states would not win. Unfortunately GOP play checkers when chess play take place.

[@gorilladisco9108]

And I hope it's not explosion.

[@gorilladisco9108]

@@TheRezroA probable strategy was told by Tom Clancy in Executive Order. China will collude with other powers who has grudge against USA to make a concerted attacks (note : indirect attack, because direct attack will be too dangerous) across the world. With so many crisis at once, USA will be stunned. In the book, they were Iran, China, and India. In real world, the candidates will be China, Russia, Iran, and Venezuela.

[@stephenwang9567]

All western lies for the world to consume.

[@Lukerr239]

If all these Business Basics videos on China were true, the country should now, at this point, just be a dusty hole in the ground with no people, no industry, no economy and no wars. Come on bros, let's find some new topics, should we?

[@stephandegraaf8320]

Russia would be broke 40 times aswell😂

[@yangshujian]

This channel is just entertainingly absurd.

[@phunk8607]

it is@@stephandegraaf8320

[@mustakimjoy359]

Bruh that was exactly what i was about to say XD

[@zl4384]

记得还有每年塌一次的三峡大坝

[@white3378]

Don’t think so

[@Jerry-sf3vd]

Ho hum 😪😪😪. Gordon Chang wrote a book ” The Coming Collapse of China” in 2001. China was supposed to collapse by 2011. In December 2011, he changed the timing of the year of the predicted collapse to 2012. What a serious hard worker.

[@diobrando1501]

This is what I’m saying. This video wants people to THINK China is weak.

[@boris7417]

Carryon, next collapse forecast: 2050

[@zc-qf8ll]

我们确实很弱啊，所以请美国不要针对我们了，呜呜@@diobrando1501

[@felipestrefling3164]

Po peep, chinese bot!

[@Jerry-sf3vd]

@@felipestrefling3164 Nice meeting you, kindergarten Bot! Your vocabulary is limited to name calling only. Please update your software.

[@waynewilkin3582]

thanks for the info

[@chillout5164]

Very informative. I didn't realize that oil played such a big role.

[@daniellucena9694]

In every big country oil plays an important role.

[@MrPaytonw34]

Sarcasm

[@jackrodgersjr]

No car, no furnace?

[@NelsonBoy2734]

Love the content

[@-Katastrophe]

Ohhhh boy, here we go again. I'll get back to you on January 22nd.

[@aaron96244]

Sensationalism at its finest. China wouldn't exist anymore if youtubers were accurate.

[@cryptominer7183]

Well put together

[@iantim3161]

Little oil in China ond none in Japan, yet they both pay less at the pumps than here in 🇨🇦

[@undefinedobject1947]

China foresaw this problem years ago. Most cars in China are electric. So for most they pay nothing at the pumps.

[@iantim3161]

@undefinedobject1947 13.3 percent is far from most of a nations vehicles. Although they are the leader in that aspect worldwide. Also, those cars are charged with electricity generated by fossil fuels, which China still has to import as they don't have enough. So all that doesn't answer my statement. The laws if supply and demand just aren't adding up. 🤔

[@hachanabe]

Ahh China they never learn from their past, exactly like Russia 🤣

[@ralphwells4654]

Now I understand why China is making the claim that most of the South China Sea is their historic territory domain. They need to protect their oil trade routes. This is very interesting.

[@chad_dogedoge]

Double edge sword, 1.) To ensure safe passage of Chinese export and import. 2.) To deny Japan , Taiwan for this route.

[@jetli740]

@@chad_dogedoge have china blockade any ship yet? stop spread lie

[@dustinchen]

@@chad_dogedogeThat’s not what double edged means

[@JMPaesthetics]

@@dustinchenhe meant 1 edge

[@MagicSteel1]

@@dustinchen I think he meant 2 birds with 1 stone

[@robintanner3247]

Thank You for this video. Very Educational.

[@CommandoJoeNavy-dg6hl]

Very good! A brilliant view point.

[@skylineXpert]

Anyone who needs oil is at the mercy of saudi...

[@GNMbg]

I need oil for cooking !

[@mavfin8720]

And any one of several navies can stop Saudi oil ever getting to China. I know India is building naval bases in the Andamans, maybe even for that purpose... Also, there was a time when the US was at Saudi mercy for oil...but no more. US is a small exporter of oil now, not importer.

[@skylineXpert]

@@mavfin8720 Just look at the deals europe have signed with Qatar...

[@gtkgaming5595]

Lol 😂 bro thinks only one country has all the oil. They may be the most powerful but NOT THE ONLY ONES

[@mavfin8720]

Funny, piss off your neighbors and your trading partners...and then wonder why you have issues? Doh.

[@j.dunlop8295]

Absolutely, too, to true!😮😅

[@Adroit1911]

I always enjoy your videos

[@skinnack3217]

The music in this one is on point

[@theairevolution2430]

Many say that the USA's pressure on Japan restricting their access to oil is what caused them to decide they needed to attack the USA in Pearl Harbor.

[@kealeradecal6091]

And Japan tried to fight the US, and you know what happened. Play nicer is the lesson here

[@ronnelacido1711]

Even without US sanctions, Japan was and still vulnerable to one because it needs everything for its industry. Tin, rubber, lead, aluminium etc. were imported from Southeast Asia which were then colonies of the British, Dutch, and the French. These countries also imposed their own sanctions on Japan. That's why Imperial Japan had to attack those colonies for their natural resources.

[@user-ip9ec1zv6y]

Very informative video. Good coverage of economic drivers shaping international politics

[@henrycarlson7514]

Interesting , Thank You .

[@Babalouie59]

Wow! Great report. My brain is full.

[@willielimsgful]

you guys should know that China can take the entire straits of malacca by just throwing money around its neighbours.

[@77goanywhere]

What money?

[@zc-qf8ll]

封锁马六甲海峡是不可能做到的，中国是东南亚联盟的最大贸易伙伴，除非美国亲自过来，那么就不排除第三次世界大战的可能了，甚至是核战争

[@Notme-tq4xs]

nope

[@josefnagy1697]

Amazing how the oil “producing” countries behave like their oil reserves will last forever.

[@jackrodgersjr]

Not Joe Biden....

[@elvenkind6072]

Oil reserves are naturally a state secret, but even the largest oil reserve in the world, in Saudi-Arabia, is mostly just water now, to remain the pressure into the pipelines until the oil is gone, and there's never been and will never be found any oil field of similar magnitude. I think it was in the 80's or 90's that most countries in the Middle East "magically" doubled their reported reserves, to keep the prices up. Anyone with half a brain know that the whole planet will get into hysteria, and justly figure out it's just a short time before billions of people starve to death. But that's not something the "elite" top 0.000001% of the population worry much about at all.

[@ValMartinIreland]

They will last 400 years anyway.

[@carloshortuvia5988]

Excellent report!

[@AE20120212]

Well organized context

[@teresasummers2268]

Just saw a report that China has a billion barrels of oil in their reserves. They have all bought american, russian, and middle eastern oil.

[@Pablo-gl9dj]

That is very little. Less than 2 months supply

[@ChowYewLoon]

@@Pablo-gl9dj Not enough then continue buying!

[@dogbone1065]

China grew at such a fast rate and it cut many corners doing it, because of the shabby work everything is falling apart. Every large building is falling down due to poor construction. Even their highways are crumbling do to poor concrete and poor construction. The whole city will be in shambles in a few years.

[@waancfinzeuz191]

Like buhda says I make tofu!

[@jjshow8572]

China is a big city

[@hisagony8094]

Shabby or shady?

[@gideonmele1556]

@@hisagony8094probably both

[@dogbone1065]

@@hisagony8094 Both👍

[@mattanderson6672]

Thank you

[@josephhackett9690]

Excellent information!

[@JoseReyes-jy8nj]

China has many allies that are willing to supply china's oil crisis. In BRICS, we find Russia and Brazil that are allies of China. The Middle East like Saudi Arabia also favors China. The entire continent of Africa definitely back China. My country México has already closed deals to supply China with oil and gas. China is not alone & never will be

[@ssdhusg6042]

These are China's business partners, but the United States is the real robber.

[@chillxxx241]

The Houthis have already accidentally attacked Chinese ships in the Red Sea. Shipping is already slowed because of both the Israeli conflict and issues at the Panama Canal. They will have trouble getting money and resources next year even without new conflicts. The US military is already in the Red Sea And they are gaining experience and conducting naval operations in that strategic area. The US doesn’t even need to go to the south China see to start a blockade. They could start that blockade in the red Sea.

[@S41GON]

Read about the US military war games vs Iran.

[@gooner3654]

lol wtf are you alking about? do you even know where is the Panama canal and red sea is?

[@chillxxx241]

@@gooner3654 Yes, I know where the Panama Canal is located. China bought nearly $120 billion in crude oil and $100 billion in gas in 2022 and most of that went through the Panama Canal. China is now trying to pivot its energy away from the US, but that hasn’t happened yet.

[@gooner3654]

@@chillxxx241 The main reason China buying oil from the US is to balance the trade surplus between the two countries. $120b crude oil (from US and Venezuela mainly)are not as much as you think especially for China's size. And China's crude oil reserve is at least 25,585m barrels 13th in the world and many believed the true number are far bigger than this. And do you know how much China sold crude oil from US to Europe straight away to make profit at $100m USD per ship since the Ukraine war started?

[@chillxxx241]

@@gooner3654 It bought the oil when it was at the right prices. Much was from the US reserve. The US made $4 Billion. The US is the top producer and refiner of oil now. Making tons of money. They are also the top seller of LNG.

[@tobihaifisch7558]

3:12 Next episode: "(Gutter)-oil, it's in the roll and in the rice" 😅

[@JonySmith-bb4gx]

U talking about your birth . U lol like it

[@tobihaifisch7558]

@@JonySmith-bb4gx Have a nice day, CCP-drone!

[@bamahama707]

Believe it when you see it.

[@user-yz9hh1uk3h]

China's real Allies is oil 😂😂😂

[@ChowYewLoon]

As though US real allies is not oil?

[@BeyondBlazed420]

@@ChowYewLoon lol europe dont sell oil to us

[@ChowYewLoon]

@@BeyondBlazed420 Europe got no oil to sell! EU import lot's of oil from Russia and etc!

[@ptick16]

Commented to support this channel.

[@SamHeine]

Amazing video!

[@jeffstokum5715]

He really needs to do his research on the BRI

[@reedr1659]

China's foreign oil can be cut off, but it won't really hurt the military. The CCP would just ration oil with ordinary citizens. There would almost certainly be a U.S. embargo against Chinese goods. With reduced economic output, China would be using less oil anyway. It would absolutely be necessary to cut off all shipping. Coal, oil, food, raw materials, exports, everything.

[@patrolmanracv]

and then the US maybe no longer in existence ..

[@IanCCal]

Considering that China relies on food imports, the reduced economic output wouldn't necessarily be a good thing. You could theoretically shift all those workers over to an intensive agriculture based economy, but considering that most modern agriculture depends on multiple crude oil derivatives it might not work out.

[@eleventy-seven]

China has a shit load of coal but it was wrecking their health. But if they needed to..........

[@guitarista666]

What you are saying implies that all China would have to do is do a little belt tightening and they could just go along their merry way. China imports 80% of its oil needs. Cut that 80% off and China's economy is going straight into the crapper. Think mass starvation and riots, and the CCP in danger of falling. They wouldn't be thinking about Taiwan.

[@leojohn1615]

you cant just "ration" oil in a war. Where will they get the food ammo and spare parts to supply their troops? if not from a farm or a factory from where? Farms and factories use a lot of oil. How will they get that food ammo and spare parts to the front line? By bicycle? Trains trucks and supply ships chug on fuel like nobody's business. Without coal and gas imports how will they keep the lights on? sure they can ration electricity to an extent but the system just doesnt work without any power at all. This is before we consider that China is a importer of food and I bet you they import most of their fertilizer/its main ingredients. No fertilizer no food, no food no country. Simple as

[@keithhearns3783]

Interesting content

[@georgesealy4706]

Excellent documentary.

[@chrisholder4978]

@13:27 The United States of the Emirates?

[@EZsWaterBoy]

but they are controlling the SCS currently and extracting a massive volume of oil from there that's why they don't want to give up on it. Especially in West Philippine Sea so basically all of the resources they are stealing it form Philippines.

[@yaoliang1580]

The US is always stealing oil around the world

[@baymax5440]

Yes this is right thats why they are getting aggressive with philippines because philippines already cancel oil joint exploration.they are so greedy they want 50-50 profit then they start building islands the problem is the oil are all inside philippines eez.

[@justna9516]

The CCP is starting to become a Cartoon Joke on News Papers. It even comes with a Crossword Puzzle with fortune cookies 🎉😂

[@rboston33]

Excellent presentation

[@bret354]

Not sure where he gets his info. I've heard the 2nd carrier burned and is not sea worthy .

[@jackiestowe6987]

Did you see the video of China and Russia meeting for war games recently? The Chinese tank’s lost their “tracks” in the race. The Russian’s just laughed. Little did the Russian’s know, they just bought hundreds of them. Wonder how they feel now.

[@wizzard5442]

3:09 Getting rid of bicyles wasnt such a good idea after all.

[@danielnonog1253]

Excellent, excellent!

[@Is_This_Really_Necessary]

What's happening in China is similar to what happened to Japan prior to WWII. Funny how history repeats itself.

[@timdunn2257]

Remind me, who won that war? ROFLOL!

[@dabhand6796]

No mention of the recently revived Kra canal / landbridge proposal? That would bypass the Malacca Straights and, if financed by China, allow them greater control. This can be additional to their Pakistan and Bangladesh options.

[@timdunn2257]

It would be even easier to bottle up than the Malaca Strait. One ship could destroy any ship entering or leaving the proposed canal. Thailand is famous for proposals that get dropped, too. The government floats ideas, and if there is too much criticism of an idea, the idea is modified or disappears. This canal idea doesn't save many sea miles, so I'm dubious about the idea of it paying for itself.

[@LedoCool1]

Lol. And how Russia was able to fill China's demand for oil before and it can't do it now? What changed? Russia isn't selling more oil to other countries since sanctions, so it's vice-versa.

[@ramonreyes1446]

Awesome

[@arcusmc]

I can argue with their economic progress. They obviously inflate their numbers.

[@noahmoroski1764]

I want the OG guy back, it’s been on a decline since

[@enriquecarballo504]

Nice report

[@prjackson7802]

Great video

[@gerryconstant4914]

The video said China's Strategic Oil Reserves being draw down may be true but our own president in the US did so also when prices went so high to record price per gallon. Didn't help his approval rating but left up vulnerable if we get in a war. Need to ramp up production & refill the SOR.

[@kingranches]

im quite sure that biden had that reserve being refilled as fast as they could the 2 times oil went below $70 since then. Dont forget, they DONT have to actually put all that oil back in in a month or so. All Biden had to do was buy FUTURES contracts out a year and lock in those prices, for the amount of oil needed to refill it and then actually refill it at his leisure.

[@SeattlePioneer]

> WHY? The United States is the largest oil exporter in the world. The United States doesn't need a Strategi Petroleum Reserve ----Europe does. nThe American SOR was drawn down to export oil to EUROPE. Let Europe build and fill it's own SPR. Or do without.

[@budgetking2591]

Its quite interesting to see such a fast rise of a nation and it comming down so quikly, this must be some kind of record in whole history?

[@Real-Ruby-Red]

It isn’t coming down, it’s just stopped growing at a rapid rate.

[@tixeright9120]

@@Real-Ruby-Red that's true, but at the same time, you don't actually see the shrink until you see the rust belt forming, and amongst that the abandoned houses. Factories and towers can stand a very long time, even if they aren't occupied by anything. Manufacturing left Detroit rapidly, but it didn't begin to shrink, lot by lot, until sometime later, because all those ruins that doesn't get renovated and retooled have to be knocked down, and/or get burned down or collapse, eventually. Such sites typically don't get redeveloped until they are fully vacated, and the grass grows again, because whatever new company that takes over the lot doesn't want the legacy liability costs of the previous owner's pollution. What I'm saying is, urban transitions based on decline visibly happen much slower rates than those happen due to positive economic growth. The easiest JUST THE FACTS way to measure that stuff is traffic and parking patterns because that will tell you when a place is shuttered long before you see it get knocked down. The property and tax laws and other economic drivers are very different in China and the USA, but practical effect those differences translate to a lot of ghost buildings existing as tax write-offs for a landowner after the business it housed got shipped off or shutdown in the USA, and in China, it's usually the opposite as a whole lot of places got developed that were never actually occupied by any businesses in the first place.

[@TheAcrit]

@@Real-Ruby-Red The rapid rate comes with a price. If you slow down, all the problems and debts will catch up and devour all the gain.

[@Seraphim_Belisarius]

What is gained quickly can be lost quickly.

[@Derideo]

@@Real-Ruby-Red Oh it's coming down for sure. There is no mandate of heaven.

[@helenrushful]

Last month Ukraine blew up Russias only rail route to China too, which hasn’t helped.

[@jaminova_1969]

Now we know why certain officials are pushing electric vehicles!

[@serronserron1320]

It's nice to not have to deal with dictators and worry about wars because of a needed resource outside your borders.

[@jaminova_1969]

@@serronserron1320 Then why not let the consumer and market determine what type of vehicles are available for purchase? Do you think China has an abundance of non-carbon based fuels in which to generate electricity?

[@chillxxx241]

China and Russia don’t have an Alliance. China and India are taking advantage of lower prices now that Russia has few customers.

[@bertiesworld]

Not many are buying US oil either. Too darn expensive. One reason the UK economy has tanked.

[@chillxxx241]

@@bertiesworld China doubled their purchases of US oil.

[@gooner3654]

​@chillxxx241 And sold to europe for a profit at 100m USD per ship 😂

[@chillxxx241]

@@gooner3654It was still cheaper than market price, which means Russia loses😂😂😂😂

[@rudolfsanchez9855]

china has gold if they not buy oil with gold that can be a problem

[@azjeep26]

US has the most gold in the world .. i think these facts are alittle off!

[@azjeep26]

@@johnjackson8899 no they dont! look it up

[@azjeep26]

@@johnjackson8899 plus Russia is spending their gold right now

[@azjeep26]

@@johnjackson8899 The United States holds the largest stockpile of gold reserves in the world by a considerable margin. In fact, the U.S. government has almost as many reserves as the next three largest gold-holding countries combined (Germany, Italy, and France). Russia rounds out the top five.

[@NoFrillz-G]

@@azjeep26US is also in deep doodoo of debt of all those nations combined

[@user-hd2xd6mb9b]

Great!

[@daveymc172]

"To smoke, or not to smoke"....Shakespeare style!

[@idanceforpennies281]

Good report, but you failed mention the BRI is in severe financial crisis as China runs out of money and many projects are defaulting on payments.

[@jetli740]

china runout of money? they have 3-5 trillion in reserve.... do fact check what you wrote. makeup false allegation only make a fool of ur self

[@nikhilsharma4724]

BRI is a hit? lol

[@user-ts9nq5zw2j]

GOOD.

[@jamesmarston1087]

About time ,,

[@danialphaomega]

@ 2:35 😂😂😂 you joking right! They can't feed their own people they can't fight any wars because they NEVER been in a war! 😂😂😂😂 🇺🇸 🌎 🇺🇲

[@kingranches]

Also unmentioned is the fact that Russias ANCIENT oil tankers combined with its WEAKNESS in the black Sea is NOT what China would want to rely upon as a major supplier during a war.

[@ChowYewLoon]

Russia can sent oil to China via rail! Why use sea route? BTW, Strait of Malacca is a neutral route! Malaysia and Indonesia have a good relationships with China! Strait of Malacca will always remain open to all countries! Only warships are not welcome and not allowed to use it freely!

[@natarajbhure2180]

Hi Business Basics, i wanted to use your this video to remake in my native language. Can i use this video please let me know.

[@nunyabz9494]

for note, that small island below malaysia is Singapore, literally the island country

[@timdunn2257]

Which has over 5x the GNP per capita of China.

[@user-jl7fn1qb6b]

we have just seen the G20 summit attempting to decrease fosal fuels,if they want to cut down on fosal fuels start with China,China has been manufacturing EVs and their batteries consuming vast amounts of coal in the process and emitting huge amounts of toxic fumes in to the atmosphere,so if they want to start somewhere start with China.

[@basillah7650]

If they were useful china would not need to import oil or coal to power themselves

[@ariyokeyv984]

Good info

[@joesmith2592]

Not the iPhone notification sound at 17:37 I was so confused

[@jamesmartin7248]

Great 😊

[@danielt.8573]

Sanctioning a capitalist country has consequences but that country tends to do relatively well because there is a consuming middle class with money to spend. Sanctioning a socialist country has major consequences because that country has almost no middle class and much less money in circulation.

[@robertstennett7566]

China might be a socialist country but they have a capitalist economy and the middle class has lots of money to spend.

[@raevj]

@@robertstennett7566but they no longer trust their government or economy…they are not spending

[@danielt.8573]

@@robertstennett7566 Capitalism implies free market and China's money is in the hands of the state. Socialism is the antithesis of capitalism, just ask Karl Marx. "If socialists understood economics, they wouldn't be socialists." - Friedrich Hayek

[@robertstennett7566]

In the USA the money is also in the hands of the state even though the state is allowing a private company to print and manage the money, that could change at any time.@@danielt.8573

[@Derideo]

@@robertstennett7566 "capitalist economy".... LOL Nothing like lockdowns for 2 years to make your people broke. 75% of their restaurants have shut down. "Lots of money"... 🤡

[@feldegast]

China tried to play games with Australian coal by making coal ships sit at sea for months on end, Australia cut China off and found out her customers leading to China having not enough to generate power....

[@BigFoot323]

😂

[@hypebeastreet6308]

😂 you seriously need help and maybe try to learn about geopolitics

[@TheTommyd93]

Really! Can you share this with the Australians?

[@Wayne-tb8tk]

Instead of sooky sooky poo poo ,it might be squeaky squeaky squeak squeak!!!😂.

[@GarretKrampe]

Take a look at the VAST pipe line network though Myanma to the ocean and the oil terminals there in the Andaman Sea.

[@timdunn2257]

ROFLOL - yet Xi scrambles, begs, and whines for oil.

[@Mindfeels]

Your content is extremely informative. Much appreciated! ❤❤❤

[@ChowYewLoon]

Informative? All skewed and wrong info! My home country Malaysia have a very good relationship with China! Malaysia now even give visa free status to Chinese tourists. Almost all SEA countries have a close relationships with China. The only country in SEA that's have is a bit strain relationship with China is Philippines!

[@soragaming3653]

​@ChowYewLoon, hi wumoa

[@yeetian2774]

Mr India, China’s oil reserves is for one year at least and Russia could fulfil China’s needs plus Kazakhstan and USA, yes🥳USA is one of the largest oil suppliers to China.

[@jetli740]

actually china have 5yrs oil reserves same as food.

[@TC70]

Battle of anchorage incoming fallout fans. Someone invent power armor.

[@selvbilde253]

This is the comment I was looking for

[@TheeRomantic]

I think it's wild to think China didn't build a oil line with Russia when they did all those projects. Maybe they didn't cause it makes sense literally

[@ChowYewLoon]

It's because Russia export most of their gas and oil to EU! That's why Russia didn't have a pipeline into China!

[@TheeRomantic]

@@ChowYewLoon it wasn't a smart long term move in the end. The EU could've had easily cut them off for something else. Plus China is definitely going to be using gas longer and they have more users

[@serronserron1320]

@@TheeRomantic There are two small pipe lines in existence but their flow is rather small.

[@jetli740]

@@ChowYewLoon what? russia stop supplied gas and oil to Europe since last year

[@TheeRomantic]

Right now China and India are the biggest buyers. Plus even in the future these two will be their biggest buyers cause Russia is going to need to pay their war time crimes. Even if the war was the end today. That's multiple years of the GDP

[@ronaldodelmundo9783]

Congrats XjP,

[@ncken987]

Good

[@LouiseChong-xk5xp]

Thanks for the info, but china just report oil reserve of 1b ton in china😂

[@brunopadovani7347]

There is insufficient pipeline capacity between Russia and China to significantly alter the balance. For the time being, China is and will remain heavily dependent on seaborne oil imports, which CAN be blockaded. Even if China can secure the Malacca Straight, those same oil imports can be blockaded at their points of origin.

[@ChowYewLoon]

No one can secure Strait of Malacca it's belong to Malaysia and Indonesia! Strait of Malacca will always remain open to all countries! No warships are allowed into Strait of Malacca as it's a neutral zone!

[@brunopadovani7347]

@@ChowYewLoon The point is that China can be blockaded in the Indian and Atlantic Oceans, and in the eastern Pacific. Even if the Straits of Malacca remain open, the oil (and food and minerals) flow to China can be cut off at a half dozen other places in the world.

[@brunopadovani7347]

@@ChowYewLoon Warships do transit the Malacca Straits. I did in 1981.

[@ChowYewLoon]

@@brunopadovani7347 Only transit! Not allowed to stationed! Even transit also need approval 1st!

[@timdunn2257]

@@ChowYewLoon ROFLOL. International "law" has no navy.