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@kazeryu48342 жыл бұрын
Sorry but I highly doubt this is accurate. Authoritarianism combined with poor geography and a host of other problems means China is a poor investment. Even if it doesn’t collapse in a month it’s on borrowed time regardless
@DianaCHewitt2 жыл бұрын
@@kazeryu4834 It seems to just be going into a recession. Authoritarian societies go into recessions sometimes and it doesn't mean complete collapse is coming.
@kazeryu48342 жыл бұрын
@@DianaCHewitt possibly, if the host of other problems don’t materialize. Which at the moment seems unlikely. I highly doubt China will collapse in a month, I also highly doubt it will survive the decade
@ShizukaOG2 жыл бұрын
*First red flag.* *Who started a video says "No China's economy would not collapse.* *That’s without giving an a real explanation.* *How much did the Chinese government paid you.* *For making this video you and the Chinese regime are trying to divide the people and blaming America 🇺🇸 assume the america is the bad guy here and claiming that authorities countries like China are better way off.* *Secondly red flag *How do you know exactly that Chinese economy wouldn’t collapse, my guy hear yourself for once you don’t know most of these part you are talking about, do you really think that China would ever telling or shows us the truth no they wouldn’t, and yes Chinese economy would collapse rather you like it or not.* *Thirdly red flag.* *People assume that chinese people adore the government they really aren’t that happy because the government have control over the people if a you was a dictator would do exactly the same thing no free traveling no free speech no question about the government not thing, deleted these comments you don’t like is facts and truth my boi, truth does hurt doesn’t it.* *Fourthly red flag.* If something doesn’t goes what China excepted they blame others and they never admitting themself never I have heard that Chinese government have failed the people never think they would, China are buying leaders around Africa and forced these citizen rather you like it or not to China for work to them, you do not have right if authorities government selling their citizen to another country.* *The five red flag.* *Russia & China are destroying America itself every election they trying to divide the American 🇺🇸 people there is an old Japanese 🇯🇵 word saying { If a country are divide soon they would United but if a country is United much longer they would be separated } so people would seek leader and have different ideologies and that is what China really hopes for.*
@primeroultimo2 жыл бұрын
How about this kzbin.info/www/bejne/hJLQo2Sjicebmac
@meowjerkdon95472 жыл бұрын
People just wanted to be assured that China is collapsing. And content creators just gave them what they want and monetize their views. It's purely business.
@MisterSplendy6 ай бұрын
Exactly.
@Joseph_thefather12 күн бұрын
Typical capitalists 😆
@leakyabstraction2 жыл бұрын
KZbin is full of doomsday videos period. Same with the stock market, the US economy, the EU, etc. We live in an age of stupidity where it pays to make sensationalist, fearful, clickbait thumbnails without any sense of intellectual integrity.
@kalleschonberg92962 жыл бұрын
Yea, like sensational predictions that Russia will invade Ukraine.
@vodrosszabolcs98692 жыл бұрын
These news were successful in every age. People love bad news much more than good ones.
@mr.financial2 жыл бұрын
I feel very similar. There are extreme opinions and viewpoints portrayed. Hysteria or Doomsday... Being balanced is not acceptable today 🤣
@leakyabstraction2 жыл бұрын
@@kalleschonberg9296 the high probability of the invasion was identified by reputable intelligence agencies back then, but I'm not familiar with China's imminent collapse being corroborated by similar bodies. That said, I do hope we're wrong, because the weaker China is (with that savage regime in control), the better off we are in terms of world security and stability.
@lynnpabontheelitehero65792 жыл бұрын
That describes so many channels. I like how this video mentions those specific channels that I'm subscribed to unfortunately. I'm going to be more skeptical because more and more channels are going toward this clickbaity doomsday bs intentionally misleading viewers to get likes and subs.
@epelly3 Жыл бұрын
No clickbait. No malicious headlines. Just informative and neutral information. This channel is a game changer.
@badluck56472 ай бұрын
It was kinda of _Anti-Clickbait_ Clickbait title
@mdtexeira2 жыл бұрын
For the people who don't like doing the math, he's put the probability of a full collapse at 2.7%, the probability of effective full recovery at 8.3%, and the slow decline of China's economy at 88.8%. Note: I seriously doubt he'd stand behind those exact numbers, but I thought some people might want the percentages rather than the abstracted die rolls.
@MoneyMacro2 жыл бұрын
Well said. Indeed, this was an extremely rough estimate for illustrative purposes. So, you are spot on.
@equim73632 жыл бұрын
Wait, where are the rest 0.2% ???
@twinblade022 жыл бұрын
@@equim7363 Margin of error.
@equim73632 жыл бұрын
So low?
@twinblade022 жыл бұрын
@@equim7363 lol I'm just guessing
@azurescenss2 жыл бұрын
Finally, a KZbinr who is honest - why tf would the country with the 4 largest banks collapse w/o taking everyone else down with them
@essenceofsuchness Жыл бұрын
Simple. They are in no way as interconnected to the global financial system as the largest Western banks. This is in part related to the strict capital controls (mentioned the video) and other government controls in China.
@epsilonxvi5675 Жыл бұрын
@@essenceofsuchness because those country use china bank system
@essenceofsuchness Жыл бұрын
@@epsilonxvi5675??
@ITzDaveXD Жыл бұрын
they have the the least transparent system with more cracks than a road, yet you believe the BS they parrot on about themselves being the greatest.
@yaboidre567211 ай бұрын
Simple, the politicians keep stealing the money. :)
@looc4562 жыл бұрын
Finally someone stepping up and bringing this China is collapsing nonsense to a halt! 👌🏼 Thanks for the great work!
@roibryant2 жыл бұрын
They won't collapse. But their growth will lessen as the years pass by. Idc tho, couldn't care about an authoritarian country.
@kazeryu48342 жыл бұрын
I don’t think it will happen in a month but I doubt China will survive the decade. The other KZbinrs just want “I called it” points and got carried away
@kazeryu48342 жыл бұрын
@roro I’m not saying it will collapse in a month, but the Chinese government isn’t nearly as in control as you seem to think. However I have been looking for another perspective, do you know of any counters to these points: kzbin.info/www/bejne/b2Ksd5Jneaaoi9U I feel like there has to be another take but nobody really counters this guy
@bigboss3372 жыл бұрын
@roro if china wants to move to developed country status like taiwan, singapore, south korea then it probably needs to do political reforms which is a conflict of intrerest to ccp. Currently china is moving towards autocracy and a new mao era. We know how the original mao era ended.
@HEEHEEBOII2 жыл бұрын
@@kazeryu4834 You gotta be fucking kidding me if you quote Peter Zeihan LMAO.
@elephantman21122 жыл бұрын
Essentially, a lot of people don't like China. So, there's a lot of demand for news and narratives that the country is about to collapse. Whether its true or not isn't really important to the people who seek out that kind of content.
@thetrustysidekick30132 жыл бұрын
That's what the West does. It sees China as a threat economically, and they want people to get mad at it for...reasons, I guess.
@steviewonder4172 жыл бұрын
Lol Anglos mad. China canceling the great reset.
@briano93972 жыл бұрын
@@steviewonder417 touch grass
@ericjiang79862 жыл бұрын
People u dislike are the people in power lol. A man without enemy is a man without character. If u want everyone to like you then, you will always be a pushover.
@sactorius2 жыл бұрын
True for a bit, but i see the main reason for most people to say china will be bankrupt is clickbait. China economy will get hit, but also will recover from it. We just don't know in which state it will recover too. I do concern more about the chinese people not trusting their banks and governments, which is showing these last months and will make the blow heavier for china.
@bestgirlie092 жыл бұрын
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
@AmandaMichelle.2 жыл бұрын
well the top players and pros have exclusive information and data trajectory that isn't disclosed to the public, knowing the strategies to apply in this time is one thing and having the right info to successfully pull it off is just another.
@hobbs2522 жыл бұрын
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million.
@kozovski66282 жыл бұрын
I guess that's explain why the demand for investment-advisers sky-rocketed by over 41.8% since the pandemic according to investopedia
@Green-ed7wq2 жыл бұрын
I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you inv-coach could guide me with portfolio-restructuring
@hobbs2522 жыл бұрын
@M0stlyHarmless92 жыл бұрын
Definitely agree with this. The long-run issues are more interesting in my opinion. Some of them (e.g. population decline, rising dependency ratios) are faced by many developed countries as well.
@feister28692 жыл бұрын
I don’t think it’s the same, it’s projected they are losing 300 million people due to the population collapse, that’s 20-25% of its structure. Comparing it to a country like japan doesn’t compare.
@Jordan-Ramses2 жыл бұрын
This video is nonsense. I don't think China is going to descend into chaos any time soon. But nobody knows. Secondly their problems are way worse than 2008. I lived in America in 2008. It wasn't that bad. It didn't affect me at all. There are actual catastrophic problems in China that dwarf 2008. Could the CCP keep kicking their problems down the road? Maybe. Will it lead to a collapse like the Soviet Union? Probably not. Did some bad things happen in 2008? Sure. But we were hardly eating rats. Some people got evicted out of houses they never should have bought in the first place. Some people lost their jobs. It happens. It wasn't Armageddon. Some very rich people lost a lot of money. Not sad about that. Sorry. 2008 was mostly a rich person problem. Wall Street lost money. Oh no.
@evanytoscano15322 жыл бұрын
Nonthing like in china, they're the fasting aging society in recorded history and unless other countries they’re still a developing economy
@Four20ftw2 жыл бұрын
True, however western nations are far better at immigration and integration than China and its repressive regime. China will has an up hill battle attracting immigrants who will fill the productive gap.
@winter68922 жыл бұрын
copeiam
@focusezz69472 жыл бұрын
No sensationalism, just pure rationale. You're the hero that we need in times of confusion, thanks a bunch!
@slslbbn40962 жыл бұрын
Many influencers and media companies received instructions and payment by proxies of the CIA to denigrate targets like China and Russia recently. This type of misinformation campaigns were recently exposed by Meta/Facebook (Aug 2022) - go check it out. The key here is to have a critical mind - a rarity in most human societies, particularly here in the USA
@MM-242 жыл бұрын
This sums up too ... the facts look bad - but I know this guy cares about stability ... at some point the writing is on the way. You can call it sensationalism if you want - but they are backed up by real events, there is no auditing ... you dont hide from auditors if you have good news
@upvotecomment21102 жыл бұрын
Again... Easier to Macro BS than to Micro BS Of course, their situation won't be like USA or Sri Lanka. That argument can be used to ALL countries. Specifically not talking about the main concerns of the issue. (Real Estate, Debt boycotts, Lockdowns, and Environmental hazards) Sure, giving a date to a "collapse" is BS, but misdirecting the topic doesn't make your opinion less BS compared to them
@matm.s2 жыл бұрын
We need the same approach on ukraine/Russia war. Too much propaganda
@threathy2 жыл бұрын
🤣🤣🤣
@abrvalg3212 жыл бұрын
It is so rare to find an honest economist like you these days.
@Western_Decline2 жыл бұрын
Anti-China is the current mood, people WANT to be fed propaganda to help cope.
@NEONNOONE2 жыл бұрын
Agree!
@morganangel3402 жыл бұрын
@@NEONNOONE why be honest when you can make 100x more views with click-baits ?
@davidcrosthwaite2 жыл бұрын
Economics Explained is great too!
@abrvalg3212 жыл бұрын
@@davidcrosthwaite he isn't. And that's the difference, that's why M&M is so good. He can leave his personal opinion behind the doors and provide us only facts while hiding nothing. EE can't do that. I've stopped watching them when M&M have demonstrated how poorly their research was.
@leoleonard1580 Жыл бұрын
Finally a balanced perspective on China. I also really dislike the other channels that consistently only broadcast doomsday “predictions”
@joaquimbarbosa8962 жыл бұрын
As someone who watched many of those videos I was allways asking myself, "How does this representa colapse" like they described a crises but talked about it like it was the end of China. Some even said "China will colapse in 1 month" 3 months ago
@jarretedotio2 жыл бұрын
There’s been a lot of Doom and Gloom content on KZbin for YEARS, and it’s still yet to come. It’s mostly reactionary clickbait.
@ptrgr722 жыл бұрын
They are saying this for 20 years already about China..
@aoisora14452 жыл бұрын
@@ptrgr72 it would be more realistic to say 100 years from now if they do not have a plan they will, but they have more than enough time for that... as for USA, they got problems that would take at least 100 years to reset, fix or stabilize due to similar reasons as others, greed or hunger for power and money over progress as a whole
@AndrewManook2 жыл бұрын
Probably just american projection
@BS_Media2 жыл бұрын
@@aoisora1445 Lol that's completely false.
@mr.normalguy692 жыл бұрын
I also felt that something was off when I saw in a few finance channels that "China's economy is going to collapse" and I was like; WHAT!? CHINA'S ECONOMY IS GOING TO COLLAPSE!? IN LESS THAN 30 DAYS!?
@Western_Decline2 жыл бұрын
it’s cope
@minhducnguyen92762 жыл бұрын
All the self proclaimed YT experts somehow precisely predict how long China will last day by day while academics level economists can't even predict in time scale of decades.
@natn41r2 жыл бұрын
People (most infamously Gordon Chang) have been "predicting" China's collapse almost every year for the past few decades.
@atb86602 жыл бұрын
@@minhducnguyen9276 don’t be to hard on them they just that sweet sweet clicks
@minhducnguyen92762 жыл бұрын
@@atb8660 A channel call basic economic claimed that China has 27 days before collapse 3 weeks ago. Guess the name described exactly where they belong to, basic level.
@JME2 жыл бұрын
There is a 1/36th probability of any double number on a 2 dice roll, so your analogy about a double 4 more likely than a double 6 is wrong, aside from that, great video!
@Jamiesangertranslator2 жыл бұрын
Excellent point!
@sarararah182 жыл бұрын
I'm pretty sure I've caused a pair of dice to roll the number I wanted before. With the power of my mind.
@Jamiesangertranslator2 жыл бұрын
@@sarararah18 teach me how to do that!
@Jamiesangertranslator2 жыл бұрын
This is a very interesting and it is broken down in a way that’s easy to grasp! Thanks for doing this!
@kittiesneverdie2 жыл бұрын
Boss said to comment. I comment.
@peterblood50 Жыл бұрын
Well, 10 months later and we see you were totally wrong.
@booaks29802 жыл бұрын
I was laughing at those thumbnails as well, such as "Collapsing in 29 days" I was like, ok we shall see 😂 like it is so obvious that they've unrealistic expectations or predictions. Also, people will literally call you China's paid puppet when literally you're a true professional speaking the truth. They rather listen to fake news just to satisfy themselves.
@epicmatter35122 жыл бұрын
A Japan style decline and stagnation isn’t that good of a scenario either, but whatever. Even Huawei’s founder is saying there is going to be pain in the next decade. Most people in China are blaming the U.S. because it could never be the fault of an overinflated property market. If China invaded Taiwan though, that would lead to something much worse.
@jahinsadman15052 жыл бұрын
@@epicmatter3512 usa will fall before china
@ElZilchoYo2 жыл бұрын
It's even funnier when you live in China. Today was one of the days China was supposed to collapse but here i am still going to fucking work
@jahinsadman15052 жыл бұрын
@@ElZilchoYo long live 🇨🇳
@laihinchun2 жыл бұрын
@@epicmatter3512 Lol Taiwan is part of China, so in case of any military responses it doesn't constitute an "invasion." The correct term is reunify.
@Censor999 Жыл бұрын
They keep telling China is collapsing for over 20 years😂 US Media and Anti China KZbinr never dissapoint with fake News😊
@JohnG44 Жыл бұрын
Lol same for usa they been saying for decades as well not happening 🤣 anti usa
@reis1185 Жыл бұрын
They've been China will collapse since the 70s
@petergreen53373 ай бұрын
❤ Precisely well said and well OBSERVED . This NONSENSE has been around for DECADES.
@mikebaker2436 Жыл бұрын
....still waiting, btw...
@Minotaur-ey2lg2 жыл бұрын
Oh, look, someone who didn’t feel the need to try to get me to click with a doom and gloom click bait title. I’ve been watchin “China will collapse in 30 days” videos for 6 months. Kinda funny actually.
@unlearningeconomics90212 жыл бұрын
Thank god for Joeri!
@___.512 жыл бұрын
The UE seal of approval? Noted.
@pebblepod302 жыл бұрын
This is probably one of the very few serious economics channels that is informed & truth seeking and without ideological blinkers. Which is why im a paid sub!! You also seem somewhat humble about what you don't know. Thank you I appreciate your work a lot, Joeri.
@Western_Decline2 жыл бұрын
@@secretname4190 SLOWDOWN is temporary. COVID lockdown will end shortly after National People’s Congress. Demographic effects are largely offset by massive increase in skilled workers and agricultural automation. In the near future, China will be focused on sectors currently dominated by Germany and Japan.
@carlosreid512 жыл бұрын
@@secretname4190 i doubt a total collapse in china but they will be hurting somewhat
@doricashu49842 жыл бұрын
Lpppppw
@dodiirawan54732 жыл бұрын
@@secretname4190 Just curious why china economic will stagflation?
@TheSteinbitt2 жыл бұрын
M&M isn’t without bias, none are. He is very left leaning with a strong preference for his home country of Netherlands. In one video he compare us vs Dutch meddelclass, and concludes Netherlands is cheaper when she lived in a small apartment in the city with no car, while the us citizen lived in a large home with a car. Still useful perspective though.
@baldurelitraustason6622 жыл бұрын
I've always saw those videos that China's economy was about to collapse in my recommendations but I was always sceptical but I didn't know why. So thank you for making this video
@maartent96972 жыл бұрын
Just watch both sides, sometimes each side makes excellent points that need further explanation
@icecp42792 жыл бұрын
@@maartent9697 The problem is KZbin only seems to be recommending one side. My front page is full of "China is collapsing!" videos.
@PutXi_Whipped2 жыл бұрын
@@maartent9697 A lie isn’t another side, it’s just a lie.
@georgethompson14602 жыл бұрын
@Christopher Jacobs And then the CEO responsible gets arrested for lying and using Foreign chips to steal money from the government.
@phylismaddox48802 жыл бұрын
I actually like those videos as they are pretty silly but occasionally hit points I haven't seen before. And I totally agree with you that this video is helpful.
@snooky32 жыл бұрын
So what if sanctions hit China. Yeah they make a lot, but are also europes main importer. If that took a ban, what they make then..
@maggnet48292 жыл бұрын
What is missing here is a discussion of the fact that around 30% of the GDP is connected to the housing market, in contrast in the US where it was around 15-18% [edit: had to correct this number] I think and further that there was a ponzi scheme on building houses, where people gave money without receiving their houses yet and now all that money is gone.
@drgxiii2 жыл бұрын
And the fact that that on average 75% of a provinces income comes leasing land, up to 95%.
@MerculiarchSyn2 жыл бұрын
Yea the housing equity market is what’s going to cause a meltdown. You can’t discuss Chinese economic health without addressing that.
@idrislamont10642 жыл бұрын
Maybe although the home ownership rate is 90% in China compared to 65% in the US which also probably affects that.
@IgraphyRupage2 жыл бұрын
Good point. Agree
@hgft2742 жыл бұрын
lol, still waiting guys...
@malyckrentz93462 жыл бұрын
Thank you for this. I've viewed the underline to see what's going on in the Chinese economy. And while bad, it was never enough to collapse the second biggest economy in the world.
@st.altair49366 ай бұрын
China's economy is already 25% larger than the US's based on the purchasing power parity, which is a more accurate measure than just the GDP.
@patrickriarchy19762 жыл бұрын
LOL I laughed so hard at your reaction Doctor. It’s the best response an economists can show to all these wild predictions. It’s weird like how many recessions the US had survived but for some reason people are convinced that China on the contrary will definitely collapse in a recession or a depression.
@MacAnters2 жыл бұрын
It's because people believe what they want to believe
@lekhakaananta58642 жыл бұрын
It's a recognizable pattern in ultra-nationalist ideologies. In propaganda, the enemy is depicted as simultaneously both strong and weak, so that the people will both fear them yet still feel superior to them. So china is both a menacing threat and yet somehow will disappear in 25 days. I'm not claiming that the west has completely fallen to fascism, but there is definitely a certain strain of shitty nationalism where this is coming from. And of course the other side is probably even worse; Russia totally bought into that "the West is in decline" bullshit and thought Ukraine would be easy pickings. China probably would have similar delusions about the west if not for that wake-up call.
@dr.j56422 жыл бұрын
I'm East Asian and my family has factories in China. I can confirm that things are apocalyptic over there, the Chinese are dealing with a crisis the likes of which Americans have never experienced. When has billions of dollars vanished from American personal savings accounts? When has America built a housing bubble on unfinished and worthless properties? That is only the tip of the iceberg. Sure, America survived recessions and the Great Depression, but what did America look like during and immediately after the Great Depression? Things were a mess for years, and if it weren't for WW2 restarting the American economy, the bad times would have lasted longer.
@quickcube28342 жыл бұрын
The Problem is Not the Economy, its that the people are restricted, live a bad Life and have nothing More to lose, so when china‘s economy will collaps then because of an Revolution.
@270eman2 жыл бұрын
@@lekhakaananta5864 China isn't going anywhere. Its the CCP that needs to go.
@mikebaker2436 Жыл бұрын
...this is the slowest imminent collapse I have ever seen...
@solobloke81162 жыл бұрын
My KZbin has been under absolute assault of these videos in the past month. Started checking their other videos - seems like US and EU economies are just fine. Looks like a collective hit piece now, but what do I know
@qbb012 жыл бұрын
How does providing an endless amount of money to the Chinese bank not cause extreme inflation though? Won't their currency suffer because of this?
@Dramaican882 жыл бұрын
Not in FIAT money printing world. In real terms and what the working middle class will feel, yes there will be inflation. But there is no alternative for the citizens. Capital controls and the general control means that citizens can't do anything to avoid money printing to bail out the banks. (No human in the world can currently do anything to stop the money printing). They are not able to convert their wealth into hard money that does not inflate easily like bitcoin, gold or real estate abroad. So because a bank run is not actually possible, the printing of money will be framed as something absolutely necessary and without anyone calling out the insanity (because everyone is printing money) the strong manufacturing sector (as mentioned in this video) will eat up the inflation internally gradually with tweaks. Meaning products from China will become slightly more expensive (the world will easily accept this, as all the money printing governments will say it is because of the China lockdowns and global issues in general) and the exploding growth will be toned down, so it will just take a bit longer for the Chinese lower class to become middle class due to growth compared to the last decade (during which it was very fast). That is why all the stability and the policy changes are happening in China. China is educating engineers to actually make stuff and innovate to keep the manufacturing sector strong and even more competitive. They are not educating influencers and "the next killer app" and "platform" developers because that is volatile economic growth and not stable as actual innovation in manufacturing and engineering.
@chrisjohn12842 жыл бұрын
@@Dramaican88 Nah I don't think so, China has plenty of USD reserves which it can use to prop up its currency if need be.
@tazzioboca2 жыл бұрын
@@Dramaican88 well, except this is China, whose renminbi is massively undervalued by its own government to make its exports more competitive and not allowed to be traded abroad. If anything, this recession will make this currency closer to market equilibrium .
@smmshoe2 жыл бұрын
this channel is total BS don't expect real answers
@qbb012 жыл бұрын
@@smmshoe Yeah, for someone who is a Dr. in his field, he sure did miss a lot
@SW-fk3rb2 жыл бұрын
Wow, I voted for this content now here it is!! This channel has such great and thoughtful content. Thank you Money & Macro !
@petersmythe64622 жыл бұрын
I think China will have a period of relatively slowed growth but unlike Japan, the Chinese economy isn't close to maxed out in development. There is still plenty of China that has yet to reach first world conditions or even close. Given China's control over its own growth, I think it's likely that the rest of the country can still develop.
@lolasdm69592 жыл бұрын
One fundamental difference between China and Japan is geography. The entirity of Japan is coastal, most of China is inland. If the Chinese coastline declared indepdence it will be a developed nation. I mean you see this in the US, yes, California and Washington are highly developed states, but Alabama is never going to be nearly as developed. Same thing in China, the coast has already been developed the inland provinces are still going to be poor and underdeveloped. The Chinese government currently takes money from the coast and redistrubute it to the inland provinces. If you look at a government revenue map, the only provinces that actually make contributions to the government budget are on the coast the rest of the regions are always in the red. If China fractures, which it has in the past, many of the inland provinces will iterally become Afgan levels of poor, which happened in the warlord era.
@anantmalik Жыл бұрын
China is a first world country ... 😊
@schumanhuman2 жыл бұрын
100% agree. A 3rd factor is most of China's debt is held in it's own currency, not foreign denominated. The only plausible 'collapse' would be political, but, my thesisfor years has been that they have been ramping up totalitarian measuresand anti foreign sentiment precisely to prepare for the deleveraging of the property bubble as it steps on so many toes. The mortgage strikes are big but not enough to rattle authorities, they will cautiously stimulate and restructure debts. Big question is how do they drive up productivity again without feeding back into a housing bubble? They need to follow through with the promise of a property tax, a land value tax would be even better.
@eduwino1512 жыл бұрын
china economy wont collapse but they sure as hell aint gonna come close to replacing the dollar or dominating the west with their shady banking deals
@IntrusiveThot4202 жыл бұрын
The other huge issue is the population pyramid. Are the CCP hardcore enough to just kill off the old population? They don't have much time to radically reform attitudes and laws on immigration.
@PutXi_Whipped2 жыл бұрын
“ramping up totalitarian measures” LOL You just described the West.
@wb30112 жыл бұрын
I wonder if they may attempt to shift their production efforts from housing to oil and gas infrastructure to connect to new Russian outlets. I do not know if the Chinese investors would be interested in buying bonds for infrastructure projects instead of speculative houses to rent. Just a thought.
@wuthichaiauomsin62372 жыл бұрын
yeah but it need to change all leasehold property in to the freehold first.
@sayhitothensa69342 жыл бұрын
i would have appreciated a definition of the difference between "China is in big trouble" and "not collapse" is. I do agree with you, but then it ends up in a position of "china can't collapse" which also doesnt fit.
@aldyhabibie97172 жыл бұрын
Probably about the same as a very sick man does not always dies because of his sickness. China's economy is crippled or in a more technical term; In a sharp decline but it will not completely collapse the whole economy or the country itself like USSR because it is very likely that they will regain control over their declining economy. If they did collapse however, the whole world will also have to suffer because of it. It is true that china can collapse just like every other country. In fact China has collapsed so many time in the past mostly because of internal conflict but there was also opium and the war with Japan combined with internal conflict with the warlords and the communist party of Mao Zedong. The current China however, will probably not going to collapse so easily.
@chenchen6841 Жыл бұрын
1. China has the largest savings in the world, Chinese people like to save money. 2. The Chinese government can control all bank capital, loans and stop loans in any crisis will not be transmitted to other industries. 3. China has almost no foreign debt denominated in US dollars. All domestic loans are denominated in RMB. The Chinese government has $3 trillion in assets. 4. The Chinese people have special trust in the government 5. China is still the fastest growing country in the world. 6. Provides the country's development to drain domestic debt kzbin.info/www/bejne/qHXKaamraLdjhc0
@WanWanOfficialX2 жыл бұрын
they had been saying the same thing "china economy is collapsing" since 20 years ago
@FrostbitexP2 жыл бұрын
You mean 20 years ago when Chinas economy was booming compared to now where its economy is no longer booming? Im sure many people were saying "The US economy will collapse" during the booming years post WW2 and it never did pan out to their expectations, but guess what? They eventually were right in 2009. An economy has to collapse at some point. And this very well may be Chinas time.
@WanWanOfficialX2 жыл бұрын
@@FrostbitexP 20 years ago. a westerner published a book called "the collapse of china's economy".....since then.....i frequently heard people, media or politician said "china's economy is collapsing"
@LiberatedStockTrader Жыл бұрын
Exactly Joeri, there are too many click-bait title on youtube with people that pretend to know what they are talking about. You have credibility, as an academic and published scholar. Thanks, and keep going. - Barry
@kpopaspirations2 жыл бұрын
THANK YOU. Christ, seeing so many fools making videos about China's "collapse" this year was pissing me off.
@UnoriginallyOriginal2 жыл бұрын
@Watcher Ah yes, the United States of Warmongers
@evansusmc2 жыл бұрын
@Watcher those videos are not financed by any American institution.
@Setixir2 жыл бұрын
@Watcher They don't need to be funded. It's click bait
@ArawnOfAnnwn2 жыл бұрын
@Watcher They don't need to be. This is easily explainable by simple clickbait marketing. There's a large market for bad news, even larger for bad news about places people dislike.
@oberststeiner33042 жыл бұрын
this is all an illusion created by these youtuber/influencers paid by NGOs to spread American propaganda, when in fact what happens is the opposite, USA is falling, polarization growing, angry and anxious citizens, and a lot of dumb people with a terrible education system, who can't avoid a 16/18 year old mass shooting an school.
@anuzis2 жыл бұрын
Love the positioning of scenarios with relative probabilities. Makes a more nuanced case while helping non-PhD in economics viewers understand how to think like an economist. Appreciate this great episode.
@yoshyoka2 жыл бұрын
From a fellow economist, thank you: hearing a word of reason between the sensationalist chaos is like a breath of fresh air!
@2kidsnosleep2 жыл бұрын
Sensationalist chaos indeed. All done as click bait for their videos. It is very annoying.
@TBombahh2 жыл бұрын
@@2kidsnosleep Please make a video that has counter arguments to those videos. I fail to understand why your video should be trusted over their videos. The countdown of days was not just a randomly chosen number. I believe it's because something happens on that day.
@2kidsnosleep2 жыл бұрын
Huh. What in the H E double hockey sticks are you talking about? My comment was that uTube video makers make sensationalist click bait titles that are BS to attract views and thus money. I have no video that needs to be trusted and you need to relax a smidgen. Maybe you are a Chinese bot🤔wouldn’t surprise me these days🙄
@yoshyoka2 жыл бұрын
@@TBombahh Not that many days after all: we will sit back and see their sensationalist predictions fail in less than a month.
@ysw82912 жыл бұрын
Westerners are prone to mob hysteria.
@ErikHare2 жыл бұрын
I believe that all of this comes from people who are listening to Peter Zeihan And not understanding the process of collapse that he is describing which is not economic at all but really political
@PutXi_Whipped2 жыл бұрын
Peter Zeihan is the Adrian Zenz of Gordon Changs.
@ErikHare2 жыл бұрын
I think I should explain more. Zeihan has two thoughts about China. The one that gets everyone excited is that IF they were to invade Taiwan and IF that got them Russian-style sanctions, they'd collapse in a matter of months (not one month, like these youtubers say). But it's probably more accurate to say that given this, and the fact that everyone knows this, Taiwan is not going to be attacked. Wait, I just spoiled another fave youtube doom scenario! To put this into Joeri's terms, China would lose its economic independence quickly through a political process and that changes everything. The other thing Zeihan says is that in the long run, say the next 7-8 years, there will be political instability resulting from and feeding back from economic instability. This also relies on China losing its economic independence, but much more slowly. It's also something we can watch in real time and place our bets on as we wish. Last point on China: there is one other important crisis that the government is not managing well, and that is water. This is much more serious and could be coming to a head this year due to a severe drought. It could also dramatically increase China's need to import food in coming years, among many other issues.
@georgethompson14602 жыл бұрын
@@ErikHare And affect it's energy, already blackouts in shanghai due to Yangzee drying up and affecting the 3 gorges dam. And this is the rainy season, the drought could continue into the dry season. And with Russia affecting the food prices the Chinese could have issues sourcing food.
@Zones332 жыл бұрын
I think the key difference between China and Japan when it comes to encountering “stagnation” is that Japan was completely demilitarized and bound by US political influence. There aren’t any US military bases and governmental restriction treaties with China, so I’d be curious as to see what they do to keep growing again.
@abdulazizelijahfanan16322 жыл бұрын
i disagree for one main reason china is a socialist state, its goal is not to grow infinitely, but to reach an economy with adequate living conditions for all, and to work within the limits of the environment that contradicts the childish idea of infinite growth, Hence china is trying to produce what it needs, if population decline is happening they will be the first country to purposefully degrow and only meet their needs. that's the main mistake liberal economists do.
@DLore-ew3bt2 жыл бұрын
@@abdulazizelijahfanan1632 so why are they trying to expand into Taiwan if they aren't attempting to gain more and more?
@acgorilla15382 жыл бұрын
@@DLore-ew3bt Taiwan is already apart of china and they have had the same position on it since the 40s. They also have said they support peaceful unification sometime in the 2040s, anything sooner and by other means is due to American aggression on what pretty much every country including the US considers part of China.
@abdulazizelijahfanan16322 жыл бұрын
@@DLore-ew3bt taiwan has very different historical conditions, imperial japan ceased that island once, and ended up invading and facilitating british colonisation in china via the island, comiting war crimes and genocides, so china absolutly do not want a US military ally in that island, its an emotional subjects for the chinese.also taiwan is claiming all territories of mainland china which is simply not true as the Republic of china(current taiwanese gov)was overthrown by the people in the 40's and fled to taiwan .so if an island has been used to commit genocide in your country and invasion, claims you as theirs, and have military alliance with the world's most imperialist anti socialist state in the world, u will do anything in your power to stop that from happening
@abdulazizelijahfanan16322 жыл бұрын
@@DLore-ew3bt history as tought in schools is not nuanced, i advise you to learn about historical materialism, and then use it to critically analyse modern geopolitical isssues
@pch74902 жыл бұрын
I think I first heard 'China is collapsing' about 30 years ago when China economy was a lot weaker than it is now.
@AndrewManook2 жыл бұрын
They been at it for 20 years now.
@BS_Media2 жыл бұрын
Please tell me when they had a housing bubble and population decline as serious as this. No one can predict what will happen, but with literally a HUGE amount of investors leaving China, it will easily put them into a recession even outside of their real estate market.
@crematedable2 жыл бұрын
@@BS_Media recession is not collapse. Two very different things. No one’s denying they won’t go into recession.
@BS_Media2 жыл бұрын
@@crematedable The clickbait is there for sure, but recessions can lead to a depression if this future recession lingers longer than expected. Also by decreasing interest rates they are only hurting themselves further similar to what the US did before. Doing this can and will drive a recession further especially if their debtors can’t pay their loans. Their Ponzi scheme style only last as long as they have investors. Once that’s gone, there can be a collapse like some click bait titles suggest.
@Madara_Uchiha694202 жыл бұрын
@@BS_Media it won't linger longer than expected , we are talking about China here okay , it's an insanely strong economy if anything
@juki0h3912 жыл бұрын
Haha. The entire thing is so hilarious. All those clickbate videos about China's impending economic collapse. So ridiculous.
@jonpaul38682 жыл бұрын
Litterally just pumping these kind of materials since like 10 years ago. Nothing happen till now.
@rejvaik002 жыл бұрын
This is why Money and Macro is far superior to Economics Explained and other self anointed economic experts
@gabbar51ngh2 жыл бұрын
He has data science background so obviously smarter and more varied knowledge.
@21kiwi242 жыл бұрын
Because he's a Chinese shill?
@BelleDividends2 жыл бұрын
Yes, China is going to take a beating with its housing, banking and superspeed railway debt problems. No it's not going to fully collapse, and yes an eventual Japanese stagnation scenario is the most likely ending scenario, although there might be a bit more chaos in the short term.
@Subutai2852 жыл бұрын
I mean China can sort off afford stagnation since Japan did stagnate but they took as much income they had before in china's case it can easily do the same
@FuvkingLoser2 жыл бұрын
But how can CCP maintain social stability if they can’t promise economic growth. Chinese is not Japanese.
@xaviermagnus83102 жыл бұрын
A little worse due to heat and climate issues, that they likely caused with Dams and top down running.
@sakura74312 жыл бұрын
@@FuvkingLoser regime is grown out from a barrel of guns, not money. As long as the military and the sources of military such as peasants are supporting the party, citizens have no chance to overthrow the government.
@Subutai2852 жыл бұрын
@@FuvkingLoser Well okay you are right at some extent china's growth has stagnated ever since the early 2000s but again China still has a very rich economy ever since so it can still do the same
@christophermcanally12462 жыл бұрын
I think you're right that China's economy won't collapse, but it remains to be seen if China can bail out the developers/banks without devaluing it's currency.
@yaelz60432 жыл бұрын
That's the beauty of China, it doesn't have to. It could just guarantee their debts and let them fold.
@user-hi9vz1zw8d2 жыл бұрын
Devalueing CNY will create more trade surplus which helps with the debt situation, only problem is people will suffer a hyper inflation, which they already did
@nicosfutureson44502 жыл бұрын
It's already worth fk all 😂😂😂
@kevinishott12 жыл бұрын
The Chinese government are not looking to bailout any of these companies. But they are working to make sure the homes get built for the homebuyers. A much different scenario than what Obama chose.
@isaackarr65762 жыл бұрын
Rob the poor is always plan a
@mou68542 жыл бұрын
Chinese economic collapse videos are pumped out every hour for the past 10 years
@durexuncensored2 жыл бұрын
lol
@DonStinko2 жыл бұрын
The amount of misinformation regarding China that is spread these days is insane. Thank you for making this video to inform people on what is really happening.
@lemmyboy41072 жыл бұрын
Idk man if you scrap the obv clickbait from other channels he said the same things. The clickbait is normal in private media if anyone wants to change this you have to pay. And mandatory pay like tax so that the media does not have to be afraid of losing customers. So imo thats not misibformation, its just the logical outcome when you privatise media.
@megamicromanager24492 жыл бұрын
what misinformation? its a difference in conclusion. They say the same thing but comes to different conclusions
@megamicromanager24492 жыл бұрын
@Caw Yarson you mean the paid promoters? i know the exact vids you are talking about mate. you must have loved listening to the uyghurs singing and dancing at the directions of the chinese officials to give content to some foreign sellouts in china. bra-fucking-vo. lets get to actual economics without talking about paid advertising
@drphilgee64302 жыл бұрын
hope you received the money from the CCP
@lucasgrey97942 жыл бұрын
@@megamicromanager2449 Oh my gosh! You actually believe the Uyghur genocide lie?
@jaront49222 жыл бұрын
So many factors are left out. Expecting the government to bail out all the banks puts the country in a lot of debt which has further impacts on the economy of China.
@sakesaurus2 жыл бұрын
is that what he means by a period of stagnation?
@flowwwtube33572 жыл бұрын
They won't bail out. China is not the US. The banks are not in charge. CCP is in charge. They will decide. (The have already decided).
@acgorilla15382 жыл бұрын
Banks will not be "bailed out" with debt, they are state banks and they will simply provide new currency. Probably will be far less then anything the US had to do in order to prevent collapse in 2008 in terms of printing as well.
@sakesaurus2 жыл бұрын
@@acgorilla1538 damn, imagine if US saw this and decided to copy that shit
@lolasdm69592 жыл бұрын
@@sakesaurus It's iterally the only solution, if you did not detect and halt the problems beforehand.
@EduardQualls Жыл бұрын
Your analysis is very superficial because you assume that the rest of the CCP economy (outside the central government and the central bank) is the same in the PRC as it is in the rest of the world, and that the entire CCP economy is transparent. It is neither of those. The local government units have several $trillion worth of off-balance-sheet debt and the CCP's real estate developers have vast amounts of "commercial paper" that they have used to extend their debt-bubble scheme. Neither of those is considered by Western economists, like you, and that blindness causes you to make rosy assumptions of health in the CCP system that simply isn't there.
@fouly19812 жыл бұрын
As a Chinese I actually enjoy the "collapse" information. 😏😏😂😂
@Starwarrior98312 жыл бұрын
I, too, love to read such comments. How a country with little external debt n no capital flight can collapse?
@slatealan70822 жыл бұрын
@@Starwarrior9831 You should check out the book named The Collapsing of China, the author 'predict' China will collapsed in 2008, When that's not happened, he predict it will collapsed in 2009, 2010, 2011 , 2012 , 2013 , 2014 and so on.
@dijonpsalm69382 жыл бұрын
You have to admit. The amount of debt in china's housing market is extremely worrisome. That collapse can cause a meltdown easily in itself.
@dijonpsalm69382 жыл бұрын
@@moonlaid2689 what about it lmao
@tcp-cd9tv2 жыл бұрын
You know nothing about Chinese economy.
@nutbuddy15792 жыл бұрын
It already collapsed and nothing happened other than landlords losing have their value
@dijonpsalm69382 жыл бұрын
@@moonlaid2689 you asked me about the U.S debt, which I do know about. But you asked "what about the u.s debt". It was a open ended ass question that you didnt elaborate on.
@dijonpsalm69382 жыл бұрын
@@nutbuddy1579 it hasn't collapsed yet. It's only going to get worse.
@PutXi_Whipped2 жыл бұрын
I think China will avoid Japanese stagnation through global investments like 1B1R. While it may have a demographic problem in 2040, China’s elderly of 2040 will likely be more economically productive than Japan’s elderly of 2000 due advances in technology that allows them to shoulder the load and the scale of China’s population over that of Japan’s in general. But even assuming these populations have the same characteristics, China’s investments via 1B1R are tapping into younger populations in the Global South for increased growth externally. The saying “Africa is China’s China” could very well be the case. Japan never had that much international pull (possibly because the US didn’t want them to) and thus wasn’t able to pull out of its stagnation. Also, as mentioned in this video, China has achieved monetary independence which Japan wasn’t able to have in the 1990s and 2000s which gives it more financial optionality. China may eventually collapse but I’ll likely be dead before that happens (and no, I don’t plan to collapse anytime soon)
@animewatch42132 жыл бұрын
China is investing hard into automation and methods to keep the elderly productive. Even billions into anti aging biotech research that can slow and reverse aging for its population.
@SimplyVanis2 жыл бұрын
The world is advancing rapidly and robotics become cheaper than cheap labor. So its starting to reverse, where manufacturers went to cheap labor countries to build fabrics and in upcoming decades, we will see Manufacturing return to parent countries. AI breakthroughs will speed it up as well. As long as countries can get cheap energy and resources, it very soon wont matter the average wage of the country. That's the big next question. What do we deal with population, where robot is the cheapest resource.
@morganangel3402 жыл бұрын
by 2040 A.I. and robots will make the situation way different than Japan. Also Japan's bubble in the 90's was more insane than China today.
@PutXi_Whipped2 жыл бұрын
@@morganangel340 I for one welcome our robot overlords.
@PutXi_Whipped2 жыл бұрын
@@animewatch4213 Good point about anti-aging technology, didn’t think of that but sure.
@SteveBurg20014 ай бұрын
Americans desperately want so believe that the entire rest of the world will collapse. Sadly that is their only hope at this point. It's less than inspiring, in fact it's profoundly negative. It strikes me as raw naked desperation. Deep down, I think everybody knows how things are really going to go. Denial can be very strong, after all.
@josephk871712 жыл бұрын
I do agree with your analysis that the combination of demographic issues, and mismanagement around real estate + heavy handed policies is setting up for a Japan style decline. The big question will to answer is whether Xi and the CPC can sustain the inevitable social pressures which will build. Moving from an expansionary outlook to a stagnant one is not easy to manage politically
@madamesaundere2 жыл бұрын
Did we actually casually forget how millions of people usually die in China when this stuff happens? Cos millions will most likely die again. Perhaps even hundreds of millions.
@drekkan192 жыл бұрын
The other problem with the Japan comparison is the relative decline. China is funded by growth. It doesn’t have the wealth to sustain a large unproductive population wallowing in stagnation.
@Redmanticore2 жыл бұрын
to me, it's just whether _xi_ personally can stand the social pressure, or will he be just changed to the next guy. the system itself won't go anywhere. xi´s 100% covid prevention is starting to get old, even to the elites. it is the number 1 thing hurting the economy. if changed, the new dude is more pro-capitalist, gets rid of covid-restrictions, favors more free trade inside and outside, economy starts to rise again.
@madamesaundere2 жыл бұрын
@@Redmanticore Not sure if you're aware of history, but China is the kind of place where systems most definitely break. If hundreds of millions die there, which they may yet, this will happen. Theres no magical "and the economy simply rises like a feather under a new guy" moment. They're done.
@abhijeetraut64272 жыл бұрын
Adding to it the amount of debt it has provided to other nations, along with the West, many nations now have agendas for fall of CCP. The crisis, which is following the public frustration after the 0 covid policy makes China suitable for a social disturbance given the rising dissent against Xi and the West maybe desperate to destabilize the China and now would be their time.
@gunterxvoices41012 жыл бұрын
US: How do you avoid economic collapse ever 10 years? China: 🔅planning🔅 US: must be because you're evil... China: 🔆PLANNING🔆
@agentpaper81302 жыл бұрын
Well to be fair they are both kinda evil in their own little way. Human rights issues on both countries. The US only complained about the actual human rights issues as far from what I've heard. I haven't heard anything relating it to their economy unless I missed something.
@gunterxvoices41012 жыл бұрын
@@agentpaper8130 It's hard to tell because of how there are hardly ever any actual reliable reports on China. I have seen too many pictures of Guantanamo Bay with the faces covered up and claiming it to be in Xinjiang to trust that anymore. I definitely trust the videos of American police brutalizing Native Americans because the government is stealing their land and rights yet again for the trillionth time. That and the US brutalizing all the populations that aren't white is constantly caught on video. That and the US slave prison system is pretty blatantly evil. It all seems to be deflection from American Nationalists trying to appeal to decent folk of the US.
@agentpaper81302 жыл бұрын
@@gunterxvoices4101 Hard to tell? I mean yea the stuff you said about the US is fair but pretending China doesn't have human rights issues just because you don't like the US is a wrong stance. The reports are there.
@gunterxvoices41012 жыл бұрын
@@agentpaper8130 It's just that there's never any reliable reporting. They only ever use one source, and it's a BBC article from years ago that didn't even have any evidence. It seems like it's just obligation the stuff the US does consistently for the past few decades.
@agentpaper81302 жыл бұрын
@@gunterxvoices4101 I've seen a video of a official threatening a Chinese woman's father because she wrote an anti CCP social media post. She was out of the country but they still tracked her internet usage. What do you mean no evidence? There are videos for a lot of different claims.
@ricardokowalski15792 жыл бұрын
Agree, clickbait sensationalism is just that. Also: the problem is that stability and capital controls depend on POLITICAL continuity. And stagnation would void the contract between the chinese population and their political caste.
@raofaseeh2 жыл бұрын
Of course, KZbinrs are making those videos to lure indians and get views XD
@BDPershing2 жыл бұрын
Ok I'm going have to disagree with you. 1. currently china is facing down a massive default due to the chinese people refusing to pay on uncompleted projects. This isn't something money can fix. It's a requirement of labor and materials to complete those projects. Due to the pyramid scheme type of practice done by the builders there's a massive amount of real estate left unfinished and under funded. 2. China is and has been closing its manufacturing due to pandemic risks that's been occurring in the most industrial areas of China. Leaving large gaps of manufacturing loses as China attempts to do its zero covid/pandemic policy. With this plus other countries moving to become more independent due to these shortages. Is now leaving what you have considered china's get out of jail free card on a cliff hanging scenario. 3. Environmental issues have started plaguing China. Several rivers have dried up. Record heat has caused their own consumption of power to increase making manufacturing factories have trouble getting power the need to operate. 4. Food scarcity is slowly coming up as a major concern. China has killed most of its off shore fishing locations and crops are not producing enough. China may soon be facing a dust bowl scenario that will cripple its ability to produce for the world. 5. The young generation is unmotivated to continue helping the CCP. The term "laying flat" or "let it rot" movement has been growing large since shutdowns started. It's a matter of time till another government vs students incident occurs.
@tcp-cd9tv2 жыл бұрын
You know nothing about Chinese economy!
@nehcooahnait78272 жыл бұрын
You literally get the first thing wrong… “Chinese refuses…” 🤧
@finneasmcgillicuddy14162 жыл бұрын
6. China has a rapidly aging population. Within
@nehcooahnait78272 жыл бұрын
You literally get the first thing wrong… “Chinese refuses…” 🤧 “Oh gee I have to disagree with you.” 🙄 Folks bought homes with mortgage money from commercial banks, who only pays the developers once the home is completed and delivered as it fulfills the contract. Developers therefore use that money to pay off loans. The rest, omg, you learn every shit by only looking at clickbaity tittles on social media???
@nehcooahnait78272 жыл бұрын
Man it’s like your know all China related terms from most circulated western media reporting but failing to even find out the broader context or anything else.
@sirkermitthefirstoffrogeth96222 жыл бұрын
"China's economy will collapse in 5 years." ~"Expert" 10 years ago~
@vulpinemachine2 жыл бұрын
Literally no one was saying that ten years ago.
@chilldude302 жыл бұрын
Thanks for covering this. I've also seen those thumbnails all over KZbin and even had a friend declare the same presumably based on one of these clickbaity videos. I'll send him this.
@ashwinchouhan72052 жыл бұрын
It's not going to collapse and might surpass USA economically and throw money here and there to create a problem in the region.
@noname-dk7ri2 жыл бұрын
Recently, Honda announced that it will produce all its products outside of China, except for those destined for China. This is just one example of the recent trend of companies moving factories out of China to diversify risk. I think Corona was one of the reasons. There appears to be no doubt that the Chinese economy is headed for a slow decline.
@nednettapp2 жыл бұрын
Yeah I think this video doesn't address some of the other challenges facing China right now. Examples are population decline, food & water security and sanctions on technology/chips. Along with the trend of companies moving their supply chains away from China it's going to make things very tough there.
@Jarg5552 жыл бұрын
Apple leaving to India. Australia cutting coal access (on top of their hydro power being at a low). Mnf power lost during the Olympics. Countries not being able to pay back their debt. Mortgages (loans) not being paid. Tofu building. Sure it won’t collapse but this channel should address why people think it will collapse.
@jessie70112 жыл бұрын
Nice to see some realistic, whole picture comments. Cheers! China Update is a great daily source for China info 👍🏽
@Aurora-cx3fe2 жыл бұрын
@@Jarg555 the infrastructure of every country is dying rn lol wtf you taking about
@SK-kh2rs2 жыл бұрын
@@nednettapp challenges most nations on the planet face
@MoneyMacro2 жыл бұрын
Just a quick clarification comment about the dice example. I meant: Scenario collapse = throw 6,6 Scenario growth= throw 5,5 OR 4,4 OR 3,3 Scenario recession, intervention, stagnation= rest of the combinations.
@mikebaker24362 жыл бұрын
So... KZbin (like the internet as a whole) has alot of young people who personally haven't lived all that much, but have managed to develop many nuance-free, strong opinions without doing legitimate research in support of said opinions. Who knew?
@anon7469122 жыл бұрын
Moreover, they are rewarded to publishing opinions that get a lot of views, regardless of accuracy or if they themselves even believe in it
@PutXi_Whipped2 жыл бұрын
Worse, they are borrowing opinions from the CIA and MI6 to make these videos then get paid by those same entities.
@mikebaker24362 жыл бұрын
@@anon746912 "One should respect public opinion insofar as is necessary to avoid starvation and keep out of prison, but anything that goes beyond this is voluntary submission to an unnecessary tyranny." -Bertrand Russell A lesson that popular level information rarely means correct or useful.
@hoport2 жыл бұрын
Maybe not the most popular opinion of my here, but I’m really think that this wave of videos about China’s collapse in several weeks is one big propaganda campaign.
@udhayakumarMN2 жыл бұрын
yes, even big hedge fund managers goint to fall for this ...
@i.039832 жыл бұрын
I keep up to date with macro economics since I'm starting an e-commerce business but hearing all this got me worried for awhile lol people don't realize how bad a Chinese collapse would hurt the supply chain
@deadlock-43372 жыл бұрын
Chinese bot
@Zayonisation2 жыл бұрын
lol ecommerce is mostly parasites that drop ship cheaply produced chinese goods under horrible labor conditions to better markets. The middle class trash
@yuchow56522 жыл бұрын
In a sense, the collapse is already beginning. Under their very strict Covid rule any supply chain can be shut down without any warning. In the long term people will tend to find a way to avoid this country. lower cost is good, but stability is more important.
@anders38712 жыл бұрын
@@deadlock-4337 says the one with a Ukraine flag in their username
@fimelsin53082 жыл бұрын
@@deadlock-4337 Ukrine genocide apologist, yea thats right I know what you support the shelling of innocents that did not follow the nasiz take over of ukrine for 8 years. The real government of ukrin fell 8 years ago fool how about you read some real history and not lies.
@warwickfrancis33732 жыл бұрын
As a former spook who lived through the collapse of Japan's Bubble Keizai, I agree with your criticism of the hysterical Doom and Gloom "China Collapse" crowd for the reasons you give and think that we will see a repeat of Japan's lost decades muddle through scenario. Keep up the good work.
@jpablo7002 жыл бұрын
Spook is a racial slur. Just like gook.
@electrified02 жыл бұрын
@@jpablo700 No it's not. It means Government agent. You just needlessly and incorrectly used a racial slur yourself...
@jpablo7002 жыл бұрын
@@electrified0 hmm. Helping you out b/c almost no one refers to a government agent, let alone themselves as a government agent, with that term. At least with the other word it's somewhat used to describe mud/grime. But sure, have it. I'm needlessly using racial slurs even though in the context of helping one's blindspot.
@jpablo7002 жыл бұрын
@UCA1ArcccKaNOeMTjrFKhjRA yup. There's the exception
@bobbybrown12582 жыл бұрын
@@jpablo700 what is spook a racial slur for? And if it is a race, how can one be a 'former' spook? From a confused former white man
@thomaszhang31012 жыл бұрын
I mean duh it won’t collapse, I just wanna know how good/bad it will become in a few decades. (Maybe I should watch the video first)
@fromra856910 ай бұрын
I agree with your assessment,, In Argentina, and Latin America, we’ve had crashes because we’re at the mercy of bankers and have no capital flow controls. Add the fact that we’re not net exporters, we have been thru some ugly crashes. That ain’t gonna happen in China
@吕栋任2 жыл бұрын
In fact, China's economy has experienced three crises that are bigger than the present. Especially in the 1990-1995, the key to solving these crises is two points. First, China is a real sovereign state. Second, the government is completely above capital
@TheBillaro2 жыл бұрын
above capital. what does that mean
@fallencrow67182 жыл бұрын
@@TheBillaro In the west money gives you political power, in china you need politican favour and power to get money.
@oreki87072 жыл бұрын
@@fallencrow6718 that's not possible even if what u said we're to be true the politicians would need money and capital to hold on to their power , without capital they can't sustain their political power
@吕栋任2 жыл бұрын
@@oreki8707 You can see that the 124 Chinese enterprises in the Fortune 500 are almost all state-owned enterprises, involving energy, transportation, banking, communications, infrastructure, etc. The whole country is firmly controlled by the central government, and government decisions will not be affected by any capital. For some private giant companies involved in the Internet and manufacturing industry, although the government's control is weak, China is a one party country, and they dare not and cannot penetrate politics, nor can they affect government decision-making
@吕栋任2 жыл бұрын
@@TheBillaro You can see that the 124 Chinese enterprises in the Fortune 500 are almost all state-owned enterprises, involving energy, transportation, banking, communications, infrastructure, etc. The whole country is firmly controlled by the central government, and government decisions will not be affected by any capital. For some private giant companies involved in the Internet and manufacturing industry real estate agency. although the government's control is weak, China is a one party country, and they dare not and cannot penetrate politics, nor can they affect government decision-making
@maliivan19932 жыл бұрын
Thank you for the great video. Aside from having informative videos that explain all this stuff in an accessible manner, you've also helped me avoid sensational "DISASTER INCOMING EVERYBODY PANIC NOW" videos about economics on youtube. Once again, thanks for the great videos, and please keep them coming.
@vanheeren2 жыл бұрын
From nonsense to nuance! Keep up the great work! 🍊
@kamilo49892 жыл бұрын
That'd be a great subtitle for the channel.
@njaisson6 ай бұрын
You are talking nonsense. How can you compare the real estate crisis in China with the credit crisis during the US recession in the 20's?? In one case the private capital of three generations has been wiped out because of a liquidity crisis created by the Chinese gvt which as changed the leverage rules in the balance sheet of the real estate developers. In the American case, first the liquidity crisis on the stock market and the economy due to the credit crunch was not financed in Renminbi but with the home currency created by the FED. Second the extent of the real estate crisis during this period in the US cannot be compared with the Chinese one, because the credit creation fueling the real estate stock was many times superior to the credit amount financed by the US banks during the Great Recession. You completely forget the mammoth amount of debt created by China from 2011 to 2020 that has been financed by the eurodollar debt market through the magic of the credit derivatives allowing the transformation of credit assets into asset mangement liabilities sold by the banks to their retail customers. It was open bar for every one having access to the financing ressources in US dollars, be it the local government or the real estate developers, none mentioning the Chinese banks refinanced by te PBOC in yuan. One has to compare what is comparable. The Chinese banking system during these last decades cannot be compared with the FED system in the 20's. It is an absurdity. It is not working in the same way. Without the refinancing of the debts products in Renminbi with debt instruments in eurodollars, the Chinese economy is completely busted, due to the fact that its banks don't have access to debt markets in yuans. Who in its right mind could still invest in Chinese bonds, after so many defaults during these last five years?? Besides you don't even mentioned the destruction of the private economy by the Chinse gvt which has decided to return to a state-controlled socialist system called "sustainable development". Tell me that the US in the 20's were inspired by the soviet collectivist system raging in the USSR.
@jujubad32732 жыл бұрын
I went through with finding some sources that Business Basics used for his "China Doom" video series and most often the sources are dubious or he purposefully altered the information a little bit to spice up his content. It also doesn't help that there are both pro- and anti-China commenters just pumping in what little bit they think they know to be true.
@MoneyMacro2 жыл бұрын
Does he list his sources? Or did you find them yourself?
@jerkysans2 жыл бұрын
Not a finance person, but it's refreshing to watch a different viewpoint on this. Chinese economy going bust will affect everyone negatively since the global economy is so wrapped up around it.
@conradhart38812 жыл бұрын
The problem with most of these videos analysing the fiscal policies of the CCP fail to look at the social impact. The hyperinflation that comes from continuous money printing will affect everyone like you say. The middle class will have their savings wiped out (as we are seeing in the property bubble), but the poor will just starve. Add into this mix, the Zero-Covid policy and energy problems that means manufacturing levels can not be maintained. Also the food production in the country has taken a hit from extreme climate patterns - with droughts and floods affecting many crop-producing regions. I think a holistic full recovery will be years in the making.
@culdeestudios17252 жыл бұрын
U forgot to mention the brain drain of high net worth individuals.
@conradhart38812 жыл бұрын
@@culdeestudios1725 Indeed. There are a myriad of factors and levels to a societal disintegration.
@eonthinker100yrago8 Жыл бұрын
@@conradhart3881 all speculations you made with zero proof mr.
@Rin-qj7zt2 жыл бұрын
You are right it is not fair to let the banks get away with blowing up the financial system. That's why they should have been legally removed from control of that system, and replaced. Don't just let them get away with market manipulation.
@bobconley23559 ай бұрын
Replaced with what?
@placeholder42162 жыл бұрын
The one lesson that's pretty much been implied most of my life is that China is invincible.
@greenegreene91502 жыл бұрын
Short summary: China will not face total collapse because: - CHINA is similar to USA in 1930 and 2008 because banks overleveraged and invested too much in assets which caused asset price bubble - USA didnt do enough to save its banks which harmed economic system. CHINA learned from those mistakes and owns banks and will not make that mistake. - CHINA is unlike SRI LANKA because they can protect their currency: get dollars from manufacturing internation goods and capital control CHINA will stagnate however most likely because of ONE CHILD POLICY, CORONA LOCKDOWNS, CRACKDOWNS ON PRIVATE SECTOR. Longer version: China will not face a total economic collapse like USA in 1930 and Sri Lanka today - Because while China is facing similar problems, it is not the same as USA or Sri Lanka. 1. Chinese similarities to the great depression and 2008 crisis - Great amount of lending - Asset prices skyrocketing (stocks and property) - rising credit growth --> cities like Shangai became 4x more expensive to live in relative to wages - asset prices cannot rise relative to income forever --> prices need to come down --> banks that made loans backed by asset prices start to fail --> bank run (people want to withdraw their money incase banks collapse --> banks lose all their money and fail because people withdraw) - in 1930 USA government allowed banks to collapse but in 2008 they did not because when banks collapsed in 1930 the economic system went with it and it caused alot of harm. - CHINA: will not allow their banks to collapse --> stop withdrawals etc. --> wont face 1930 USA great depression. - lowered interest rates - rescuing banks and property developers OTHER DIFFERENCES CHINA AND USA: - Chinas banksystem mostly stateowned - China can print money and give to people trying to withdraw and thus avoid bank collapse - China popped its bubble - USA allowed bubble to pop on its own but China popped it itself by introducing the three red lines policy: - Forced property developers to deleverage (reduce debt ratio) Summary: - Disproportionate rise in asset prices relative to income leads to bubble - Banks cause bubble and go down in bubble unless they get saved - In CHINA the state controls the economy unlike USA and therefore they can and will put more effort into saving banks for the sake of statbility. --> wont face economic recession like USA in 1930 and 2008. Counterargument: USA controls Dollar which is world currency, China doesnt - Dollar is important for trade, having too little harms economy - international investors are pulling out of CHINA leaving it with less dollars --> It could be better to compare CHINA with SRI LANKA instead of USA. 2. CHINA is not SRI LANKA - SRI LANKA faced economic collapse because of Covid, Ukraine war, overspending and being reliant on imports that required dollars they didn't have because of previous reasons. - CHINA does not face those problems to same degree: they are manufacturing hub, people need to give them dollars to produce products --> steady supply of dollars. (trade surplus) --> can defend its currency (inflation) using dollars - Possible problem for CHINA: in Russia and Turkey they defended their currency using dollars, but didnt work because people brought out dollars into the West. - CHINA controls money flow (CAPITAL CONTROLS) and can stop citizens more easily from sending away dollars. Can therefore protect their currency. (RUSSIA Implemented same system after sanctions which helped them) 3. Is CHINA saved? No. - CHINA will face slow constant recession in style of JAPAN because of 3 reasons Reason 1: One child policy - population decline Reason 2: Corona lockdowns to the extreme Reason 3: Cracking down on productive Tech and Education industry (private industry in general).
@Emre-rm2qc2 жыл бұрын
I never understood how anyone could have claimed that.. It seems nonsensual to me that a countries who produces literally everything would collapse anytime soon.
@Cecilia-ky3uw2 жыл бұрын
Not exactly, every chinese dynasty in history collapsed
@asobacleanenergy2 жыл бұрын
Yes, every dynasty ever in any country has collapsed. The key phrase was "anytime soon"
@Cecilia-ky3uw2 жыл бұрын
@@asobacleanenergy you couldve said that about the han dynasty.
@theatheistbear31172 жыл бұрын
Companies are leaving and prices are increasing, lying flat is becoming popular and homelessness is on the rise, zero-covid policy is hurting businesses and people can’t access their money anymore. I’m pretty sure that those are all reasons as to why they could be in trouble.
@Emre-rm2qc2 жыл бұрын
@@theatheistbear3117 these problems seem like minor setbacks for the Chinese and more western extravagations. It is easy for the western media to point fingers and make it seem like other countries are worse or get worse but nobody is talking about the massive single parent problem of the US which is defeanetely worse than anything you pointed out. Why would companies leave China china has cheap workers and a billion people that's like the most ideal place for any company.
@john809442 жыл бұрын
As a Taiwanese, seeing those kind of videos really is frustrating. There's no way China collapse like other countries: there is no way CCP can't or won't intervene. If China "collapse", officials will be literally eat clean by the people. Guns and bullets won't stop desperation and despair.
@kingkobra49102 жыл бұрын
But it did tho
@brianyang50752 жыл бұрын
CCP stronk
@TKanal32 жыл бұрын
The PLA is one to two million strong. There are 1.4 billion chinese. If the government wasn’t popular stable and successful it wouldn’t be in power. Delusion doesn’t help anyone. Especially not enemies of China.
@@datamagic7214 your wishful thinking will be your doom
@SThrillz2 жыл бұрын
The Chinese economy is MASSIVE and very diverse and this might come as a shocker but...DECENTRALIZED. Not decentralized in the western narrative sense but I'm the sense that China is structured into sections and the government can pretty much make temporary fiscal shift between those various sections, that's how they approached the poverty elevation. Sections which are successful are then used to support those that are not and it's the same with their fiscal policies. Then again people have been jizzing to the fall of China for decades
@FrostbitexP2 жыл бұрын
For many, economic stagnation = fall of China, which is the more likely scenario here. Aka, people are happy it doesnt become this communist, authoritarian regime with an wealthy average gdp per capita and become so powerful even the USA looks like pushovers. Such a scenario looks near impossible now, which means many are in fact, "jizzing".
@jasonngtongseng84102 жыл бұрын
Every country has its own sets of problems internally. Haha. Go fix them. I am sure China will not be the first to fall.
@petermanuel50432 жыл бұрын
Thank you so much, its nice that you actually did some real research. ❤️👍
@longhaulblue2 жыл бұрын
Thank you. I don't understand economics but I've listened to the YT China detractors. I was always skeptical so it was informative to hear why they are wrong.
@gp-oi5nt2 жыл бұрын
You and Patrick Boyle are THE best youtubers on economics and finance respectively. Unbiased, and you both do not cave into sensationalist possibilities
@DhulstDirk Жыл бұрын
You left out one key point in your analysis. While the Great Depression resulted from asset bubble collapse, the situation in China is the unraveling of a giant Ponzi scheme. Essentially, once the raw land was acquired, units were sold to the Chinese public before they are even started with 70% of the funds coming from Chinese banks. Rather than completing the units as promised, the payments for the units was used to buy even more land, which was in turn sold to the public, rinse, lather, repeat. Amazingly, the main victim of the Ponzi scheme were the Chinese banks that issued the loans, so we will probably never know the full extent of the damage. It will also forever be unknown how much of the profits were taken by Chinese corruption, but I wouldn’t be surprised if it is in the ballpark 40%. THE CHINESE GOVERNMENT CAN’T BUY IT’S WAY OUT OF A PONZI SCHEME. I don’t know to what extent the collapse will be and of course no one can ever guess when it will happen, but I think your idea of a soft recession followed by stagnation is also a highly unlikely scenario. Collapsing Ponzi schemes always lead to anger and loss of faith in government, so I expect a much harsher result in China.
@Jade-db1jx2 жыл бұрын
Thanks for covering this! I also got sucked into the clickbaity-ness of the other youtubers covering this, and it felt over done and sensatonalized, whilest also trying to extort subs and likes from views as a ploy to fight the "chinese bots". Thank you for being rational and realistic! :)
@giantsdudeful2 жыл бұрын
Okay Chinese bot gtfo
@82boulou2 жыл бұрын
The Only channel I trust for economic opinions . No agenda no BS ... pure economics .
@82boulou2 жыл бұрын
@@thespectrum630 This channel does exactly that with Integrity . Chill man 🤣
@isaksidenius70592 жыл бұрын
I think its somewhere in between, as far as I can understand several rich Chinese have successfully smuggled their fortunes out of China, many are moving to foreign countries so the money control is not working optimally. Chinese products are also more frowned upon than 5 years ago, at least in Europe and the US many consumers would rather spend a little more for a local product in most cases. Hence I see a larger recession as the most likely scenario and a more prolonged slowdown of their economy. By no means would it be a collapse but China will likely not be the biggest economy by 2030 as many have been predicting for years.
@ysw82912 жыл бұрын
You have forgotten about one very important fact, the US and Europe don't represent the consumers of the world. There are at least 160 other nations in this world that happily trade with China. They may not be rich like the 'westerners' who are willing to and can afford to buy everything made in Germany. I prefer the cheap China craps for most of my requirement. The other fact is, you don't have many 'local' products any more except some basic stuff like paper cups and toilet papers. Even some of the goods on the shelves that are labelled as 'local' are made in China and rebadged. Conclusion: start appreciating the cheap Chinese craps or start making it yourselves and pay 10X the price. Endless complaining doesn't help.
@guest49792 жыл бұрын
you forget that there are other Southeast Asian countries that also produce the same thing as China but at a lower cost.
@nolongerhuman98092 жыл бұрын
@@guest4979 just like the video told,yes,us southeast asian countries can manufature our products,but compared those with manufacture giants such as china? We can only sigh in resignation.
@guest49792 жыл бұрын
@@nolongerhuman9809 I’ll be honest I didn’t finish watching the full video yet so I haven’t seen that part. I only such from reading up about it online and seeing that I see more of the products I buy coming from Bangladesh & Vietnam. I don’t think China is going to collapse like those clickbait KZbin videos but YSW was acting like there’s no where else u can buy cheap products except China .
@Napybara2 жыл бұрын
@@ysw8291 He didn't really complain. I live in EU and can tell, that Chinese products are often more expensive to buy than locally made just because how much shipping went up. One more thing I learned is that last couple of years the quality of Chinese products I ordered were way worse than before and had to replace them in rather short time by products produced in EU as I really need reliability way much more than replaceability.
@BBshark000 Жыл бұрын
While you have some valid points, it doesn't seem you are answering the question you set out directly. This video does not answer why China would not collapse, but why China would not collapse THE WAY the US did. The independent currency point is also untenable, as China's economy solely base on artificially inflating the housing market and manipulates its currency to maintain an export advantage. The latter is done by excessively buying the USD, which means China either collapses WITH the US if a global recession is to come, or gives up its own currency advantage which inevitably leads to stagnation or even recession.
@nicholasdean34672 жыл бұрын
The biggest problem for China is most of the funding local governments get is from property. But I am sure when the local governments start to struggle the head of the government will just bail them out. America already does the same thing. They bail out most cities in the US because people expect all of these city features in rural areas. (Sewage being a big one). So every time infrastructure needs replaced the state/federal government steps up and bails out the city.
@dennisp85202 жыл бұрын
Sewage isn’t a city feature it’s a requirement for a 1st world country to have. Sewage systems being a thing was what allowed humanity to not have to worry about a host of various diseases that were caused from not haveing a proper way to dispose of the waste that people produce. Case and point look at parts of the world who don’t have access to said infrastructure.
@Epidian2 жыл бұрын
I think you both mean sewerage. Sewage is the brown smelly stuff. Sewerage is how we handle it.
@nicholasdean34672 жыл бұрын
@@dennisp8520 I am referring to sewage systems. Plenty of places in the world uses septic tanks. Some places in the US uses septic tanks. But the US loves infrastructure that is only economically feasible in cities and give it to sprawling suburbs. Which can't support the infrastructure that is "required". If you use septic that is not public infrastructure. So the government wouldn't have to bail out local governments (for that specific thing).
@dodiirawan54732 жыл бұрын
I think this policy only prevent real estate company being collapse. Problem is how to solve high property price and low demand on real estate in future?
@zsarimaxim6922 жыл бұрын
@@dodiirawan5473 With inflation.
@Danfromthenorth2 жыл бұрын
Agree. A Japan style scenario is the most likely scenario. However some factors point in the direction that it will be worse than the Japanese experience. The population is aging more rapidly, economic freedoms are more limited and they have not achieved high income status like Japan has. Also we are not in an era of ever expanding globalization like in the 80s and 90s. So I think it will be worse. Who are they gonna export to if American and European companies bring back production to their home shores?
@GuyShōtō2 жыл бұрын
But will the US and Europe bring back manufacturing or just move it to developing states to counter Chinese influence in the developing world?
@dunnowy1232 жыл бұрын
Yeah, but China is bigger. 10 times bigger. It's already transitioning away from exports and towards domestic consumption. It's still the world's workshop. It still has 60% of the world's rare earth materials. It is the biggest trade partner of the vast majority of the world. The sheer size of China means it has advantages most countries do not have.
@HEEHEEBOII2 жыл бұрын
Not possible, Japan never had manufacturing, China does. Countries with huge amount of manufacturing power can always stabilize its economy during a time that paper money becomes worthless. China is already boosting internal spending, but I do agree their lock down measures are killing people's purchasing power. With that said, my friends who work in banks said there are rumors their Government will shorten the quarantine time to 5 days of self quarantine.
@tonypeterson53162 жыл бұрын
How is their population aging more rapidly? Is their population growing or declining?
@HEEHEEBOII2 жыл бұрын
@@tonypeterson5316 decline for now because of the previous 1 child policy. However, given that they are now promoting having multiple babies, their old age problem wont be a problem after another 10-15 years,
@terryward14222 жыл бұрын
China faces some serious headwinds which could seriously affect its wider economy. The recent flooding has seriously affrected many older dams. The heat waves have damaged crops just the the time they are maturing. This could affect food security later in the year. The real estate crisis has hurt millions of small investors who are very likely to a change in leadership in the next election. International relations are hurting trade not with just the US but with many of its neighbouring countries that China has bullied in the Pacific with its navy. The big crisis with the Chinese economy this summer is a lack of power generation for its citizens and it industries. China needs to expand its power generation capacity significantly to keep it's economy from shrinking. It would be interesting to see how you view these headwinds and to see if you think their impact on the Chinese economy is significant.
@chan65652 жыл бұрын
Yep and that's why they are collapsing, grab some popcorn it is just 20 or more days to go
@chinathesideyoudontsee81572 жыл бұрын
How can one person say so much , but be wrong on so many fronts ? Food - you do realize unlike most countries in the world China has a national security storage system in place for catastrophes, on top of that with Chinese ingenuity / work force there is not much they cant over come , if that fails why do you think they invested so heavily in African belt and road project ? Also I'm disregarding EU, US, CAN, AUST , NZL, South American imports which all those countries rely on for their own GDP Heat waves have hit, certain parts of the country , maybe some small local produces are suffering no doubt , however China's main rice / wheat crops are fine with the later already in harvest . Real estate is certainly over priced in most tier 1/2 cities , however due to the 30% deposit for a loan I doubt there will be much fall out . And those speculative buyers which CCP actually doesn't like already have the capital to play the property game , though like all industries some smaller over leveraged companies are not doing so well. International relations and trade , where to start ? China is now EU's biggest trading partner , Australia which predominately relies on West Aust Iron ore / energy is healthy and China / US trade is on the up for 2022. Chip act is most likely about to backfire and BRICS is stronger than ever China has a Brown water navy ( defensive based navy ) and is only now in the process of building a blue water navy ( designed for long range deployments in the Pacific / Indian oceans ) and has a non interference policy , so your statement of "has bullied in the Pacific with its navy is ludicrous. China's power output is fine , in some parts of the country that are suffering heat wave and abnormal use of electricity due to air-conditioning , CCP which has a people first policy have asked certain sectors to limit power usage or be more power conscious to not over load the grid . China's GDP has been out performing for so long of course it can't stay at that level , that is not the indicator you should be looking at . You may want to to see if the Chinese has been out performing the closet rival , year to date , past decade then look at future projections .
@jayt39722 жыл бұрын
The 29 days deadlines are approaching fast. We'll see if those are bs claims 🙄
@sailorman86687 ай бұрын
This video didn't age very well - the COLLAPSE is more than evident now.
@MoneyMacro7 ай бұрын
a collapse would be a depression. E.g. a GDP drop of 5-10% in a year or so. Did that happen? No. Did it happen in 30 days? No. The video aged really well.
@BrianFitch-m2k6 ай бұрын
I think the truth is somewhere between your two comments. Time will tell.
@chi-jenyang97522 жыл бұрын
It is entirely depend on how you define "collapse". It is as easy to argue that China's economy has already collapsed as to argue China's economy will never collapse. Chinese government can easily prevent a financial crisis by printing a lot of RMB, which of course will have consequences. The whole world will feel the consequences in the coming years, perhaps decades.
@mysteryuser70622 жыл бұрын
As a Senior Financial Management student, I’m betting it’ll be at least a full decade before global economy recovers from this. If they invade Taiwan, then it’s decades as technology and research go backwards in progress
@你不认识我-f3x2 жыл бұрын
@@mysteryuser7062 this will impact the whole world, not just China.
@henli-rw5dw2 жыл бұрын
Their inflation is low so they can print quite a bit.
@你不认识我-f3x2 жыл бұрын
@@henli-rw5dw America already did that, despite their high inflation, they still printed 8 trillion dollars
@liucyrus222 жыл бұрын
@haha it’s complicated. Let’s phrase it as “special military action” like Russia does.
@DeusVultGamer2 жыл бұрын
Economic stagnation is absolutely the most likely scariest for China. If we look past the click-bait, most of these KZbinrs are saying that this is the collapse of China’s record economic growth from the past few decades. The hope is that economic stagnation will bring political upheaval.
@leenglishman16052 жыл бұрын
Agreed
@PutXi_Whipped2 жыл бұрын
LMAO pure Westoid cope
@DeusVultGamer2 жыл бұрын
@@PutXi_Whipped Sic Semper Tyrannis
@PutXi_Whipped2 жыл бұрын
@@DeusVultGamer LMAO, that’s what John Wilkes Booth said when he shot Lincoln.
@DeusVultGamer2 жыл бұрын
@@PutXi_Whipped also what was told to Julius Cesar and the state motto of Virginia.
@ZereayM2 жыл бұрын
Precisely what I’ve been waiting for, knowing these fools were soon to see what a functioning country can do to handle crisis
@IndicatedGoodLife2 жыл бұрын
"Functioning country" is a really subjective thing.