Chinese economy is 'tanking' right now, says Rep. Raja Krishnamoorthi

Rep. Raja Krishnamoorthi (D-Ill.) joins 'Squawk Box' to discuss the Chinese economy, the unique threat that China poses to the global economic order, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@michaeljiang960]

China is tanking, so why so much fear about china in the congress?

[@DG-2323]

Defense industry always needs the next villain

[@ssuwandi3240]

Because China has been the sole oil buyer from Iran since 2018. Fyi they said that like a normal KPI performance which is incredibly mind blowing

[@incisive2641]

They are not tanking, just the opposite. That's why there's so much fear and disinformation.

[@lolcatjunior]

@@ssuwandi3240 Chinese are converting, oil, coal and natural gas into hydrogen.

[@ssuwandi3240]

@@lolcatjunior exactly this type of comment diverting from a SUBSTANCE is like I said, MIND-BLOWING.. Like you don't care about the principle and foundation of other than toying w a tech GADGET😊 We got plenty of disconnects, abs mind-blowing.. ohh and that Prof said, We Do Not Submit Like Japan 😀😀 Too funny of disconnect.. We never saw eye to eye sadly .

[@BINDERANDREAULRIKE]

I want to start re-distributing my portfolio to some digital currencies and also other stocks with that in mind. I know the second quarter holds a lot of promise. I'm thinking of sharing my portfolio of about 300k over different asset classes. Any recommendations?

[@WilliamsScott-h5h]

In times like this it is better to seek help from a professional as such key decisions are better guided by experts with market experience.

[@SabrinaaDolph-y4y]

No specific suggestions from me, but all I can say is that he's really likely to win. It's really not as difficult to smartly distribute your assets as many people assume. It requires a certain level of expertise, which ordinary investors lack, so a financial advisor usually comes in very handy.

[@PhilipsJameszang]

I agree. A financial advisor can really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.

[@SabrinaaDolph-y4y]

Could you recommend who you work with please? I'll love to establish contact with her.

[@PhilipsJameszang]

My CFA 'Melissa Jean Talingdan' is a well-known figure in her field. I recommend doing additional study on her credentials. She has extensive knowledge and is an excellent resource for anyone wanting to navigate the financial market.

[@belincentgidke4536]

5% GDP growth is tanking?

[@levelazn]

B+ are failing grades in china

[@nixic_]

Bragging about fabricated GDP numbers?...

[@elpenprice679]

8.4% in 2021

[@Novacasa88]

when you used to grow at 10% its relatively poor.

[@Angel-ei1ip]

It is when it comes from over-leveraged subsidies instead of organic economic growth.

[@bingebinge3722]

Geez, they make things cheaper and more affordable, that's just horrible.

[@coopkeks458]

i mean its cheaper and affordable, but because its cheaper, it means that its made with cheaper materials, thus lowering the quality, thats what i think atleast

[@sanzhang-tx1zm]

不一定😂，作为工业实力最强的国家，我们商品种类特别丰富 你有钱可以买价格非常贵的产品 你没钱也可以购买价格实惠，质量出色的产品 ​@@coopkeks458

[@klexypuncher6963]

If you think the quality is compromised, then just don't buy it. Let's get themarket sentiment to decide. No need for tariff

[@deezeed2817]

Raja Krishnamoorthi is a RSS Hindutva plant. His opinions are nothing more than propaganda

[@levelazn]

​@@coopkeks458 you clearly need to travel to china to see how much b.s you been fed

[@TaylorCrane1312]

US can’t keep their lies straight 😂😂😂

[@MacrosFTW]

Cheap goods are terrible for Americans. Americans yearn for expensive goods just like in their grocery, gas, housing, and cars.

[@kalipotmeng]

This guy likes to hear what he says to himself 😂

[@JordanDurzi]

If any country has long overdue reforms it’s America. Don’t throw stones in glass houses

[@JoeDurbs]

I thought that was capitalism 🤔

[@ScentlessSun]

I was wondering if China believed in capitalism when it blocked American social media companies and Google.

[@lalodaniels1388]

Only when white peoople do it.

[@Angel-ei1ip]

Sigh… read some Adam Smith. Please.

[@roberthewko6715]

Dumping at below cost? How do you make money doing that? Think carefully and you will understand that this is a desperate political play to preserve the CCP regime, a bunch of communists failing at running an increasingly capitalist China.

[@youarebeingtrolled6954]

Dude just described capitalism

[@delusionalz8707]

More fake news!! 😂

[@kamil_supabase_enjoyer]

China is like Japan but much poorer

[@silversurfer8237]

Based on what has been said, the PRC must be printing money like crazy to subsidize so many industries. Their inflation must be as bad as Zimbabwe's and most people must be living in slums.

[@Gamingdan867]

Most people live in apartments and townhouses and just regular houses

[@user-hu7xv6vk5y]

谢谢，你不说，我还不知道自己过的这么惨呢😂

[@marimbaani9317]

Yeah right., keep listening to US propaganda. Look around u. The products u buy. Who makes them?? Only a fool thinks china is tanking.

[@roblumarket5247]

Wait a minute - who are the capitalists here? USA or China?

[@ScentlessSun]

That’s a great question. Why are American social media companies not allowed in China? Or Google? China protects its domestic interests. So does the United States.

[@sarahjenkins7064]

​@@ScentlessSunAre you saying the US is no different than China?

[@bdub1934]

@@ScentlessSun one is not the other

[@ScentlessSun]

@@sarahjenkins7064 I’m saying in 2016, the USA started in acting the same protectionist policies that Xi had been doing. Look at the results for China.

[@ScentlessSun]

@@bdub1934 You are right, one doesn’t steal the intellectual property of these other’s companies.

[@jeffpotter2934]

US: only we get to subsidize our industries!

[@gantech7788]

Home prices are collapsing 75% and still not selling. Only 25% of last years graduates have found a full time job. Now another year of graduates just hit the market with zero prospects.

[@roberthewko6715]

But the regime still borrows and spends to pump up phony growth statistics. It won't end well.

[@Omegacrafton]

But your country india is busy in propaganda against china and looks like china is going to be finish within few months 😂😂😂

[@kylemaolinson9417]

wow, US politicians are also experts on Economy.

[@morbid747]

The lesson i learned from 2008 is never trust the opinions of US politicians and financial institutions. All of them except a few gave incorrect or deceiving misinformation

[@bobdoe38]

What the heck is this guy talking about? China is not forcing anybody to buy 😂

[@ruichen1141]

It’s funny that since when cheap and quality products are the sin

[@nummelim]

Well what do you think happens when you outsource things for 3 decades….

[@zzd7ry]

In India there is a Chinese company Lap Care that is dumping products such as key boards, mouse, monitors and computer accessories at half the price of Dell, Samsung and other brands. Shopkeepers are first showing lapcare products before others are displayed. Most likely they are getting good margins on Lapcare.

[@gibsonsg6201]

@@zzd7ry firstly, you have little or no proofs of over capacity and all these alleged products were being dumped in India. And with all due respect to you, would you like to buy a high performance vehicle at half the price of an ordinary junky car. The choice is obvious, I suppose ?

[@zzd7ry]

@@gibsonsg6201 my numbers are based on facts, not sure I understand your second part

[@Raksasaification]

​@@gibsonsg6201you don't understand. India is always the dumping ground. So it's just a phrase

[@PoliticalSeer-ii3wh]

But the chinese Goods Are cheap Quality And They Don't Work After 2 Months Maximum

[@richardt6980]

Wait till the credit lines run out in the US. At least the Chinese save thier money in a downturn which makes it worse but survivable

[@sensean693]

Another Gordon Chang? China has been collapsing for over 30 years now 😂.

[@hoffrun]

This guy apparently does not believe in economic comparable advantage anymore. Excessive capacity that is exported for grains and other agricultural goods sounds perfect for China.

[@GM4ThePeople]

"Raja Krishnamoorthi" is an anagram for "Mohair Shark Janitor". o/

[@Jed-pk6zg]

China GDP 5.3, USA GDP 1.3. But China is tanking? Please explain how this computes?

[@ScentlessSun]

It’s computes because the USA doesn’t build cities that no one lives in and then report the construction economic activity as part of their GDP.

[@Jed-pk6zg]

@@ScentlessSun The cities you are referring to yes have a negative effect on the GDP (from 8.3 to 5.3). Yes real estate in China is in very bad shape, but after all that is tallied into the picture it still has a GDP of 5.3 and is triple that of the US. The economy of China has slowed for sure but is still overall in a positive direction, just not as strong as it was a few years back. It is slowing yes, but NOT tanking. At least not yet. BTW, everyone sees what you see on youtube about real estate in China, it is not new news.

[@johnc1873]

@@ScentlessSun USA can't compete with the mighty dragon. Face the facts

[@Jed-pk6zg]

@@johnc1873 Yes I agree China's GDP is currently still better than the USA. But the Dragons fire is not as hot as it used to be.

[@ScentlessSun]

@@Jed-pk6zg That’s not how GDP works. The economic activity of building the infrastructure boosts GDP. Why do you think China has so many infrastructure projects in the desert and mountains where no one lives? Some of the projects do make sense, but not all of them. They are strictly about giving people a job and something to do and boosting economic activity. Lack of economic output causes GDP to shrink, not an empty city.

[@DLAM19]

That's called comparative advantage, a simple econ 101!

[@ShangDaiNagaland]

😄😄🤣🤣🤣Another so called China expert 😄🤣.

[@michaelandreirivero3199]

China should stay away from the west philiphine sea or else more karma will come😊

[@owenhoong88]

The more I hear about US politicians saying how bad China economy is, the more I pity the ordinary Americans. Because I understand how desperate they are to maintain the status quo by lying in order to cover up their failure. A 1.6% growth is better than a 5.3% growth. All the hype about China property and stock downfall prove that US politicians really understands their audiences. This is how US politicians hide behind their failures to improve the standard of living for their people. I read articles about how the American people are the problem for feeling that the economy is bad because of the data.

[@alangivre2474]

Didn't you worry about inflation? Here is China willing to give you stuff for free.

[@tonymovan-ph9ji]

Well china says they are doing great so who should i believe

[@thomaskim3128]

Easy. Who has been lying amd gaslighting you?

[@coopkeks458]

honestly thats a good question, i've been watching news about china and its about how things are horrible in china, but on the other hand there are people making videos of china and showing that things arent that bad so yk

[@Sam-cw7cu]

Chinese economic data has been proven to be inflated. China is also saying they have issues, not sure where you saw otherwise.

[@coopkeks458]

true

[@sherwinclarencego1933]

That is an exaggeration.

[@NCM-xy8ow]

Hindutva Modi's mole in congress.

[@Vlad777Doom]

Well he's a indian so...

[@lingth]

Oh please..anything for the election year?

[@aadityasaple]

Sounds like a strategy ALL countries employ. Raja needs to stop consuming government issued bud.

[@franknjamen3044]

😂😂😂 the monologue

[@Uuu29-fy2vc]

The Indian guy has good English

[@huanghermann5207]

So much dollars are a sign of overcapacity!

[@jacqdanieles]

Becky's voice is getting croakier by the day 🐸

[@titusp9488]

What 😂 how old is she? 60? I bet you like Joe better 😂😂😂

[@jw999]

Sad... She started out very young at CNBC

[@chrismanchin]

ch is also 'tanking' with too many foreign tourists.

[@khaitashi6057]

Fake news

[@bdub1934]

we aren't buying China's junk

[@satriojumeneng7055]

If Americans make things expensive, I won't buy them.

[@fckutube]

Again

[@nicksonsicnawa9607]

Why Muricant Politician is focus on China Economy while their Economy is Fading.

[@ColinTan]

The quality of American politicians would not make it even in a banana republic. If his argument is right that would mean the US needs to cut back in cereals production as it exports these which means it is producing in excess of domestic demand

[@WalkOverHotCoal]

If my bank savings is overcapacity, then obviously I would be happy to pay much more because I am not very bright. However, I am not rich, and I am not that stupid, so I chose to buy the affordable in the shop. I suppose Indians do prefer to pay more for less ?

[@Godavari322]

Fake news....Making 350 ships is a known fact already, mostly for export ..US commercial shipbuilding lost it 30 years ago due to cost and schedule issues.. cannot fix it...

[@Sparta1993]

I blame Biden and Harris

[@user-cl7du3xv3g]

he is wrong not vote for him

[@bdub1934]

you were wrong so I voted against you

[@kongwee1978]

American spending is slowing too.

[@nixic_]

Intentionally....big difference homie

[@jannel3323]

I love how the USA is all about free market capitalism, right up until the very moment that China or any other nation does it better. How dare China or any other nation produce goods and services cheaper than the USA, and how dare they export those goods to other nations.

[@titusp9488]

Look at Raja’s smile - if that is not scary then you need help😂😂😂

[@user-eo3pt7uh2m]

False news

[@seawater1322]

lol the us has like 2 ship building yards ffs compare that to CHina and the COST is way too prohibitive

[@user-gm5ck3ep5k]

笑死我了，关心关心你们自己的国家吧