Is the Chinese Economy in trouble? | Intelligence Squared

Keyu Jin and Gideon Rachman in this pre-recorded episode of Intelligence Squared. They explore the multifaceted dynamics between the United States and China, touching on topics like mutual misunderstandings, economic interdependence, generational shifts, and the one-child policy's impact on China's future. Discover the challenges and opportunities in the U.S.-China relationship and gain valuable insights into the evolving global landscape.
See the full session here: • Is the West Getting Ch...
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[@j_chen138]

China's economy will always be in trouble no matter what, according to western media 😂

[@Drkennethkin]

If China‘s economy is such trouble, why is the US so obsessed to contain China’s rise？

[@liongjiahwong5478]

Even the IMF project China 4.6 growth, many still think China is in trouble.

[@Worio-pe7gw]

讲得真好啊

[@wangsamaju5007]

Chinese support president Xi

[@SvetlanaRakhim]

Also known as president eleven

[@ChinaSongsCollection]

​@@SvetlanaRakhim why eleven?

[@ionamygdalon2263]

Wasn't this video uploaded by the same channel about a few weeks ago??

[@angelmujahid2233]

She is extremely intelligent. I like how cogent and direct her responses are. I don’t see what’s desirable about a Chinese collapse like the United States it’s integral to the global economy. The better it does the better we all do. There is definitely an economic restructuring and contraction going on in China but I argue it’s happening in the United States and other economies as well such a the UK and nations that are Euro Dependent.

[@jamesl.o.h.6000]

Keyu is the best

[@not_so_genius3642]

insightful, but my question is if the future of the Chinese economy will be driven by AI and automation, isn't it better for foreign countries to have companies within their closer proximity by reducing supply chain issues and increasing self reliance? which means the Chinese unemployment rate will be increasing further isn't it?

[@liang8255]

Yes, in principle everyone should be able to produce their own things by the application of AI and automation. However, the reality is quite the opposite, majority of the world does not have the ability to develop sufficient AI and automation in manufacturing, in many parts of the world such as Europe, there are labour unions, there are strict privacy laws those will prohibit application of AI and automation. China is indeed ahead in this field due to the system, for instance China could massively use AI cameras and mega data to manage the society where in Western world this is labelled police state, which cannot be realised. That's why if you look at AI camera system, China is pretty much the dominator. The list goes on ... The there's supply chain and consumption volume. Let's say if Europe wants to build EV batteries, it needs to import pretty much everything and only to assemble them, economically this is not viable. It will significantly cheaper to just purchase batteries, and that what Daimler, BMW, VW are doing.

[@DW-op7ly]

The Chinese population is shrinking... Plus they have their belt and road partner countries. The young can go off to work in now

[@not_so_genius3642]

@@liang8255 Interesting, but I don't think Chinese AI systems will be trusted by other countries which could not have an understanding or control over it. May be it's good for self reliant china. I would also doubt, it most things are highly automated in china, then other countries will start becoming self reliant although not as fast as china but sufficient enough. Which means trade of China will be decreasing and most of its business will be internal.

[@not_so_genius3642]

@@DW-op7ly I don't think Chinese partner countries are good enough to provide jobs for Chinese...cuz Chinese population is highly over skilled and is far ahead of them..and the country is already suffering from unemployment for young people. And the decline in population is projected to 1 billion which is not much of a difference.

[@liang8255]

@@not_so_genius3642 That’s right. That’s the reason why China is fully focused internally and some regional market. There are still 600 million people earns under 140 Euro/month and that’s the catch where the growth, the market potential is. As authoritarian system, the state/government does have power to distribute/redistribute wealth (unlike private capitalist societies). Back to AI, it is very much a monitoring/spying large data network. This means a state should be self reliant otherwise you will let others to peep on you. Europe is a good example of how it has absolutely no control and fully nakedly observed by Washington, in bad times, this brings deadly consequences.

[@user-zk8fw9rl8l]

Perhaps it is time that China has a second look at the '996' phenomenon ( which has now become the '966' phenomenon, I believe ) and seriously consider introducing 'job sharing' for the local labor market on a '994' basis for a full time employee and '992' for a part-time employee without changing the present remuneration structure. That way, the Chinese working life will be less brutal and more relax and gives the the unemployed a chance of participating in the workforce. The disadvantage is that present employees may experience a fall in their total income level as their working hours are now reduced but the total hours for leisure is now increase. Hence, working life is now more relax and gives rise to a large number of part-time openings to cater for the large number of unemployed currently existing in the economy.

[@giawou6615]

You are feeding with the idea of working less so no need for you to be smart

[@user-zk8fw9rl8l]

When many companies move their operations to other countries and creating an unemployment problem, no matter how smart you are or how hard working you used to be, you are not going to have a job anyway. Job sharing can help the hardworking and smart unemployed to be productively employed and not be wasted talents. In this way, job sharing can also help in easing social problems. If you are not hard working nor smart, no one wants to hire you anyway and so you can have all the holidays that you want.

[@botakkawasiki8775]

Most average Americans that I know have 2 jobs, one full-time and 1 part-time job, working 60 hours a week to make ends meet. Salary employees work 6 days a week, 50 to 60 hours a week without extra compensation. I know because I live in America. What would you call that? "69-69?

[@user-zk8fw9rl8l]

"996" is just the Mainland Chinese way of saying they work 12 hrs a day, 6 days a week ie 72 hrs per week .... which was the case previously. Obviously, that's a highly pressured work environment.

[@giawou6615]

In China Education is free for all till University.In poor area, the school provide meal at no cost

[@andreassurya1992]

imposible economic cina colaps, why, because everything strong

[@jacintochua6885]

Has the host bother to revuew vario6s statistics from recognized organizations ? Or is this just for viewership?

[@larrysherk]

The Western media truly need China to be in trouble. Some of the people in the media have studied the truth of the magnificent work China is doing developing its own system, and they are quite terrified. Since our system long ago ended any creativity, we have no idea how to respond to China, while they watch us come unglued.

[@patriot1564]

What are you talking about? The western medias are not controlled by their government or any parties, they criticize their own government more than China. But we live in America, we have found so many CCP spies everywhere and some were arrested and convicted already.we also found what Chinese high officers told Chinese people in China were different from the truth. So, propagandas did cheat western nations for many years, but we all waked up long time ago. We all know that nation was full of cheating,etc so much shits there,

[@louistan7560]

Of course, China is "in trouble." That has been Ian Bremers' well-rewarded pet project.

[@yct6500]

Oh, Ian Bremer, the glib tongue good for churning out false but interesting grand narratives... Ian Bremer is such a tell tale for entertainment. 😂🎉

[@kit888]

06:55 She assumes regulations are beneficial.

[@adamiskandar5107]

Not assumption, she argued based on facts and statistics.

[@meganfoxbf]

as long as the china banks always default payment , all is good

[@passingbysang3381]

Judging by the comments, most Westerners just want to believe what they feel comfortable. Ms. Jin has already tuned her tone toward her Western audiance, yet many still accused her doing propaganda for China. Very laughable reaction from those viewers. BTW, she was labeled by Chinese as a pro-west scholar. China indeed is in an economical hard time. But mind you that China can still reach 5.4% GDP growth this year, according to IMF.

[@ActFast]

Keep in mind the IMF publishes China’s fake economic data. Data is self reported by each country without any type of audit.

[@frankm6218]

Very true.

[@Mingyu1031]

That’s it. Because she sounds “tuned”. But it rhythms the same as propaganda narrative. Instead of her research. She just sound like the typical Chinese good student, adhering to grand narrative always.

[@yct6500]

You must only say the west is the best. They will still believe it even when many of their citizens are homeless and living by the kerbs. The best is also the west 😂🎉

[@taijistar9052]

Bubble not imploded yet, but will soon! Too many supply!

[@alansyb232]

Why China, the EU and the rest of the world, especially the us are in trouble.

[@SSYlist]

Two words kept coming up in my mind going thru the podcast, "how du^^b"

[@larrysherk]

If you are interested in economies in trouble, take a long look at the United Statees economy ! !

[@frankxu9675]

Why banning private tutoring? The government doesn't want the kids to be influenced by unknown/uncontrollable educators.

[@YangZhang-ww6dv]

maybe less pressure economically ,then people are more willing to give birth

[@wewave23]

The questions this guy is asking depicts the typical anglo attitude of superiority over others.

[@wankee888]

no trouble, stock market down temporary.

[@morten3465]

Clickbait title

[@ChinaSongsCollection]

The western view of a doomsday scenario of a Chinese collapse is nonsensical. If there was a way to bet on these things, I would be EXTREMELY rich by now!!

[@user-pl4pz2xn2c]

9:40 she's totally wrong. The reason the prices haven't dropped is CCP doesn't allow them to drop. I thought she was an expert.

[@lagrangewei]

people are free to sell their house at whatever prices they want. there is a misunderstanding of reality. the developer crisis is mostly due to the lack of cash flow, that is intentionally created by the government to slow them down. not because demand has crashed. if demand has crashed the government would not need to do capital restriction to trigger it. it is a confusion for what is the cause and what is the effect.

[@roro4787]

omg, you are really blind and ignorant

[@FrankiePo89]

She's the expert, and you're not.

[@user-pl4pz2xn2c]

@@FrankiePo89 She's a biased a CCP shill and I'm not.

[@wsmithe2209]

The prices didn't drop because CCP didn't allow to. When the prices go up, it's because CCP asks to push up. Yeah, really, u ding dong such a kindergarten dropout.

[@arjuna3234]

some aspects are much worse in the western world, like helicopter parents surveilling their kids seamlessly, because they have only one child, and that was made in hospital....

[@simonking3949]

When young Americans lose hope about their future, nothing will go wrong with the society. But the moment when young chinese lose hope, it becomes big social problem. 🤔 Maybe Chinese government can learn from American, decriminalized crime below 950 dollar, and also make illicit drugs legal. 🤭🤭🤭

[@YangZhang-ww6dv]

😅😅😅😅you get the point

[@SirHargreeves]

Demand has collapsed. Exports have collapsed, but sure, it’s just because graduates don’t have internships.

[@Samuel-hd3cp]

Reductionist way to interpret her argument to be honest. Her focus was on the skills that graduates have due to a culture that focuses on rote-learning test taking and how skills are not being taught that are conducive with business acumen.

[@woodensurfer]

Collapse is an exaggeration. Reduction is not collapse.

[@rap3208]

Underemployment is a thing that happens all over the world. Even in the US college degree holders, even PHDs or masterals are working where they are over qualified or can't even get an entry level job.

[@changliu3915]

Demand reduced in G7, demand increased in the global south. Check your numbers before outright hostile propaganda. Or maybe that is your intension.😂

[@amunra5330]

Er....a slow down does not mean collapsed. White supremacy is ending - get use to it.

[@gondwana6303]

Poor Gideon's brain just doesn't work as fast as Keyu's mouth.

[@mimimi3440]

he trying to cut through the bs

[@adamiskandar5107]

@@mimimi3440 If so, he did a poor job.

[@pavand7410]

Not a single word about real estate bubble burst.

[@valentinkalinin614]

no bubble, china economy completely under control of officials

[@adamiskandar5107]

It was mentioned that it burst in Japan, not China.

[@HYing-iz3sh]

a mounthpiece

[@starwu5380]

吗的，这丫英文太好了。。

[@Walawala459]

😊Too many experts on Chinese economy! Please send MS Jin to re-education in Chinese country side… Like Xi Jinping..😂

[@user-vp6vf8wm2s]

Western perspective doesn't equate to the Chinese economy, your mirror doesn't reflect the same as the Chinese one

[@adamiskandar5107]

Mirrors works the same everywhere. It's the perception that differs.

[@henk4165]

AI is the answer to all Chinas problem.🤣🤣🤣🤣🤣🤣

[@tas1624]

Seems wildly optimistic.

[@danielc9329]

Same propaganda that I have heard for 50 years. The same argument,

[@Philusteen]

I get where she's coming from, but when you take a good hard look at the aging demographics, coupled with the sheer number of people who've invested their life savings into properties that are not gaining in value (i mean, where's all this "demand"?), this feels like sn exercise in apologetics.

[@rap3208]

When it comes ro demographics there are nations far worse than China like Japan, South Korea, etc.. Do you see anybody spelling doom and gloom for them? This is just wishful thinking for the US that it might happen to China if they keep on repeating it enough.

[@Philusteen]

@@rap3208 actually, yeah - those countries are in challenging states as well; but to compare them to China in today's geopolitical climate is a false equivalency. The fact that Xi just came to the U.S. - his first major interaction in years, with pretty much anyone - ought to tell you something about power brokering.

[@rap3208]

@@Philusteen You are the one who specifically talked about demographics and when I've cited that some nations are in a much much worse situation, you want to move the goal post. I don't want to talk to you. Bye.

[@alanfriesen9837]

@@Philusteen Xi came to San Francisco for the APEC summit, just like he did for the last one in Bali. Or was Indonesia strong-arming China last year?

[@SvetlanaRakhim]

Here’s a very superficial piece of knowledge: 85% of products produced in China are exported. 85% of products produced in the USA are consumed in the USA.

[@woodensurfer]

Where did you get this idea?

[@abaczan]

only 15% MIC products are consumed by 1.4Billion people? the cars, home appliances......🙃

[@ChinaSongsCollection]

That sounds too fake. Show us your source.

[@lapinchechismosa]

No source = made up 🤡

[@whisperK1108]

Propaganda show ???

[@randomcommenteronyoutube1055]

The party's over, China.

[@amunra5330]

Wishful thinking - Slow down is not collapse.

[@randomcommenteronyoutube1055]

@@amunra5330 Nobody said collapse. That's not happening. Slow down? Yes, verifiable. Stagnation? Very likely scenario for the future.

[@frankm6218]

@@randomcommenteronyoutube1055 5% is slow down, what about 0%? Use your brain first.

[@superpowerdragon]

@@randomcommenteronyoutube1055 slow down is definitely true but its still pretty fast relative to the rest of the world. stagnation? i cant see that happen until at least chinas per capita reaches japans level, which is still pretty far in the future

[@valentinkalinin614]

nope, it's western world and us economy falling apart

[@PlanetEarth3141]

Learn to write before you comment.

[@randomcommenteronyoutube1055]

OK, denizen of the Third Rome.

[@christophervang9308]

Yes. All Americans are lying flat now because high unemployment and foreign companies leaving.

[@amunra5330]

Well the commenter is not wrong. Cities in Europe are going bankrupt and the economy of the UK, France and Germany are in a downward spiral. @@randomcommenteronyoutube1055

[@user-kz3nq9js5q]

This is exactly the kind of content that makes me want to unsub. You allow uncritical propaganda on your channel with absolutely no push back. Everything she said was near enough a lie as to be called out but you can't or won't do it.

[@superpowerdragon]

what lie? your attitude tells me that you are brainwashed by western propaganda to a point where you would consider this is propaganda when she is not even pro china

[@stuckkk]

What were the lies, and what is your evidence to support those claims?

[@user-kz3nq9js5q]

@@stuckkk google exists moron, don't expect strangers to educate you.