On the supply side Chinese economy is in a very good shape: Jeffrey Sachs

Renouned American economist Jeffrey Sachs shares his take on the conclusion of China's Two Sessions and outlines his views on the current state of the country's economy and the outlook for it.

[@1HeatWalk]

USA: Sorry China, you can't join our international space station. China: that's ok, we will make our own space station.

[@borissergijevic7357]

USA: You can't build your station, that's illegal, you are threating Space's national security..

[@jawadad73]

remember the 'landwind' in 2005? Europe: 'sorry china, the landwind is not safe enough for european markets!' China: 'sure we'll just buy up your safest carcompany, Volvo, and we'll see you in 20 years...' chickens coming home to roost, it seems...

[@TacticalMayo]

LOL at the end the United States is going to win.

[@morganangel340]

@@TacticalMayo COPE... US already lost.

[@TacticalMayo]

@@morganangel340 nonsense 🤣

[@yongzeehow2045]

All these critic's,said China's is facing aging societies,it no longer a competitive economy So now when China is moving into high technology,these critic's are again saying, Chinese products,such as EV cars,solar panels are heavily subsidizes by Chinese government. Mind you , China always planned at least 10 years ahead of it's competitors,with sheers hard work.

[@simplifythings800]

Stealing and copying other technology

[@liongjiahwong5478]

Old story.. don't be a fool. If China can steal other countries technologies that country must be sleeping or dreaming. ​@@simplifythings800

[@jomarlazala474]

Don’t forget covid

[@liongjiahwong5478]

@@jomarlazala474 who are to declare COVID, you can ask the UN to do the findings. Do that please?

[@FrankiePo89]

​@@simplifythings800 Usnato have mastered the trait of STEALING, under the pretext of freedom, democracy and human rights.

[@RogowskiBubba0864]

I am 64 and still living with China in the MAO years in my brains, thats the narrative that Western media keeps broadcasting too. Amazed by Chinese infrastructure and technology the last months while watching youtube. Carry on China, I am not afraid of you and you are doing a great job. Thanks 😊

[@raybod1775]

I’m 66, luckily Mao is disconnected to China in my brain.

[@jamesl.o.h.6000]

Thank you Dr. Sachs for sharing your knowledge ❤

[@smun3217]

How come those western chinese experts/think tank still don't understand simple explanation. China is open to foreign direct investment but not Speculators. Housing is meant for living and not to be flipped for instant profit. Why do you think the Chinese government didn't even bother to provide stimulus package to the builders. 😅😅

[@WingPoyLeong]

These so called western think tanks have constipation of the mind.. their thoughts are all completely blocked.

[@vidsurf88]

Exactly!

[@wongpohchan9485]

You can read how the foreign media is rejoicing about the collapse of Evergrande and they are speculating on whether the central government will bail out Evergrande. China's government said it nicely. Houses are a basic necessity and is meant for people to provide people with a home, not for speculating and enriching oneself, like in "free" countries. Let the Evergrande episode be a lesson to others. Businesses are not meant to make obscene profits for the greedy at the expense and well-being of the people. Another example was the company that made obscene profits out of after school tuition for school kids. This is bad for the education and school system in the overall education of children. Teachers will he neglecting their professionalism in teaching the young and may leave the teaching to the tuition companies whose teachers most likely are the school teachers engaged to teach children in their schools. The Chinese government cares and look after the welfare of its people and the country.

[@yaoliang1580]

They fully understood but want to fabricate lies about China on every single subject

[@DJs021]

The biggest loser on China property issue is BlackRock and Wallstreet. Guess who own this two firm?

[@spade1974]

Jeffrey sach is the best china expert and can explain clearly while other so called china hands are taking you on a merry go round when talking about china china. China

[@pingpong7810]

XINJIANG country is the 🎉

[@serasichongchinliong3450]

That others so called China experts are CIA linked employees.

[@Andrew-rc3vh]

You can see the American businessman is happy by reading the comments on a Chinese E-commerce site. Most manufacturers are getting close to 100% satisfaction.

[@rap3208]

He is not a businessman, he is a world reknown economist that helped Russia, poland and other countries during the dissolution of the USSR

[@Zerpentsa6598]

​@@rap3208 He's not referring to Sachs. He's referring to the US businessmen surveyed on the e-commerce site.

[@mna7308]

he tried to help, but the us elites did not let him​@@rap3208

[@DW-op7ly]

This year China trade up 7% China had a 820 billion dollar plus trade surplus with the world the last 2 years The USA has to borrow at least 2 trillion a dollars year for the next decade

[@alighieri1393]

@@rap3208Helped?! If he 'helped' anyone, it wasn't these countries, and certainly not these countries' native populations.

[@Sam-dm4kz]

China export shrink to western countries including US. China shifted to export to hit with Section countries grew 98% Russia Asian and African countries. Russia alone is enough to cover western countries.

[@pingpong7810]

Xinjiang part of Pakistan 🖤

[@budiantohadiwirono9292]

​@@pingpong7810 Ha....ha...ha..go to school again boy

[@brockabaddy985]

The west still think that the world can't live without them. I think the non-west will just keep moving forward without them. The west is at risk of being ignored.

[@raybod1775]

Not much of a drop to U.S. imports, most manufactured goods are from China.

[@rosetzu_nagasawa]

PROPERTY is a main pillar of a country economy. It can't be up to MARKET FORCES. It affects everything from business cost to cost of living for the average citizen and to mortgages of the financial system.....

[@zchu3179]

Most of my families live in China and they are all walks of lives. Nobody worries about the economy.

[@limchengguanlimchengguan9341]

🤣🤣🤣

[@MarcoPolo-hn8or]

Professor Sach is my idol ❤

[@jamesl.o.h.6000]

Imagine if Dr. Sachs is the president of the US! How harmonious and peace the world could be!!! Then the US wouldn't have to waste so much energy, money, killings and time on weapons and etc. The world is enough for everybody and our greed would be spent on building peace and happiness ❤

[@reptilexcq2]

Truth. But the minute he spoke of anything in favor of China, the US crowd will have none of it and will reject him as a candidate, that's how brainwashed the western society has become lol.

[@ryanwalters6184]

He help destroyed the Soviet Union. Funny people still listen to him.

[@EkantBhairab]

You are welcome ❤🎉

[@buddhuu1]

Sachs is very much into rewarding Russia for invading Ukraine. That is not a recipe for peace

[@saynotowars]

Anybody who promotes peace, stability and economic grow will have zero chance to be elected as president of United States they US politicical system is severy corrupted.😢

[@hongqingxiang3374]

Thank you for thr update🙏🙂🙏

[@emysaavedra8734]

A very principled Mr Jeffrey Sachs, wish you were the president of the United States, prof Richard Wolff the United States Secretary of the Treasury. Col McDouglas as General of the Armies. George Galloway prime minister of U.K. the world would see peace. A rising nation like China can rise peacefully without having to face the western psychotic jealousy.✌️✌️✌️

[@pNHGpNHG]

❤❤❤ Super Bravo, You are Absolutely so RIGHT

[@TacticalMayo]

Why would we want a leftist communist socialist anti-American traitor as our president?

[@TacticalMayo]

Oh how wrong you are. China is going to face something the world has never seen

[@spade1974]

​@@TacticalMayo,you are drowning in western media bs making your comments about china

[@delongbear]

Most people don't understand supply side economics, China produces products very inexpensively, therefore there economy will suffer only slightly, whereas our economy will suffer greatly because their cheap products are substantially increased in prices for us, the middleman is the actual problem

[@TacticalMayo]

At the end of the day the United States of America will prevail over all.

[@serasichongchinliong3450]

Prof Jeffry Sachs is an honourable man. Biden is a sly.

[@milroyanthony595]

Sachs has a wrong far too many times and is a certifiable moran.😂😂😂

[@rixingchen8753]

@@milroyanthony595 trust me bro. i with you ,defending supporting your Government ,and you dont know why😁😁🤣

[@TacticalMayo]

He's a traitor.

[@SD-ie2lx]

Good to know

[@simonc4764]

Protectionism in America and Europe is reducing import from China is partly down to cost of living crises were household income no longer able to afford to buy.

[@TacticalMayo]

Lies

[@AUT1981.]

Western media, is bias but seriously why would anyone take this channel seriously. If you want to see how China is economically go there and see for yourself.

[@monalover3758]

Hmm. You didn't notice that this channel is CGTN?

[@ryanwalters6184]

Too bad no one buys this junk or the America border would not be overrun by chinese citizens looking for freedom. It's very sad as the west is running out of room and causing a real estate crisis with prices 3x over a few years.

[@EkantBhairab]

​@@monalover3758..and cgtn is not good at propaganda like bbc, cnn or any other western media.

[@jctai100]

USA, taking the Tonya Harding approach to achieving greatness.

[@TacticalMayo]

Good

[@DBGE001]

@@TacticalMayoBack stabber!

[@notheotherklaus]

Sachs is excellent, something as unusual as an independent mind.

[@philiptan2051]

China’s cpi is 0.7% in February meaning that the economy is growing positive with a small percentage of “inflation” which is very good indeed. China’s target of economic growth of 5% for 2024 is realistic as the export increases with over 7% in the last two months. Investors from the west can only find a positive return on investment in a steadily growing economy such as in China with healthy investment climate. Big companies have gone into China as there is no more incentive to invest in the EU or the usa.

[@ПИЦКВлад]

🌷🌷Prof Sach, Thank you for your commitment to truth. You need courage to go counter narrative to the warmongers. You are a real patriot.🌹🌷♥

[@TacticalMayo]

He does not say anything in the United States.

[@siamcharm7904]

we sold close to 800 billion in goods to chinese last year. tesla,apple,hilton, disney, etc there is no trade deficit, we just outsourced our exports. most of these sales can be easily replaced by chinese counterpartss. caution.

[@DW-op7ly]

Do you have a link You are talking US multinationals based in China selling their goods and services in Chinese Domestic Markets right???? Last numbers I have are from 2018…. $392 billion 👇 U.S. companies with China operations look to the Asian giant for growth U.S. multinationals' majority-owned affiliates in China brought in sales of $392.7 billion in 2018, up 4.8% from a year ago, according to the latest available data from the U.S. Bureau of Economic Analysis. CNBC

[@lisa.e5776]

Caution for what ? You keep on pushing for sanctions, words of threatening, surrounded with militaries bases and selling weapons to Taiwanese. You really think that the Chinese was a fool?

[@peterbedford2610]

Chinese production must be ok, because I am seeing great deals lately.

[@knauritsi1012]

China's economy is in shambles without Western money 🤑😂

[@andresgarciacastro1783]

They build 35% of industrial goods. 90% of solar panels, over 80% of windmills. 70% of Bateries.... Your country is probably turning into a rentier economy with parasites living off most people's work.

[@H.L.Hughes]

❤❤❤"" WHY DOES THIS MAN LOVE THE CHINESE FOLKS ""

[@EkantBhairab]

Because China deserves respect ❤

[@TacticalMayo]

Because he's a leftist socialist.

[@TacticalMayo]

​@@EkantBhairabLOL no they don't.

[@EkantBhairab]

@@TacticalMayo you are an idiot

[@MrChenjinyuan]

How can u hate something or someone u know nothing about. Only because u are brainwashed by ypur oon press. Wen speaking of China most Western Journalists use the era of Mao as a reference. Yet Germany and Japan are never referenced in terms the terrible things they committed during world War 2. China has advanced economicically and socially over the past three decades and 800 million people have been raised out of poverty. I don't see any G7 nation raising half its population out of poverty

[@BL-db6xt]

in the wake of the Anerucan war on Iraq as the US was facing condemnation from Western Europe, especilly the then French president Jacque Chirac, the US son of a Bush said to this effect: the America doesn't need an old Western Europe (vis a vis younger Eastern Europe who were queuing to join American led or rather manipulated NATO), the US market of more than 300 million consumers with big pockets, the US doesn't need the world but rather the world need the US. The message is clear: Trade is the weapon of choice. Trading with the US at your own peril. After 4 years under Trump regime's intensifying trade war & anti China rhetorics, 14 May 2020 China put forward The economic policy of Dual Circulation. The CPC later revised by the Gen. Secretary, Mr. Xi Jinping to stress prioritizing "internal circulation". Now avery Chinese can proudly say to the face of the American war mongers this: We want commercial trading with the US since it will benefit both of us & to an extent the world. However, we are not desperately want to do so. If you, the US, want to trade with us. You need to learn how to RESPECT OTHERS & Yourself. China has the greatest Middle Class Population in the world. Yes we need the world, but the world also need us. It's mutual.

[@Heegooat]

Wow! Chiraq said that? Its true that US does not need other countries to be prosperous apart from immigrants to fill excess jobs. Even the dollar being THE reserve currency is not beneficial to the US something that even prominent economists don't understand. It means US has to operate on a large deficit and take on increasing debt. It has to let the dollar free float. Strong dollar =deindustrialization. That's why china which has massive dollar surplus buys US debt. Same with Japan, Korea, Germany.

[@TacticalMayo]

Wumao 🤣

[@Jul_Nguyen]

@@Heegooat Red Sea crisis is still going on after 60 days and disrupting global supply chains. Main maritime carriers - like Maersk, MSC, Evergreen, CMA CGM - keep diverting all container vessels from Red Sea routes around Africa’s Cape of Good Hope. The number of cargo ships in the Red Sea has decreased by 90% compared to 2023 (Clarksons Research). The repercussions of the Suez Canal Crisis reverberated across the global shipping industry. Hundreds of large vessels are rerouting around the southern tip of Africa, a longer route adding 10-14 days of travel, to escape drone and missile attacks by Yemeni Houthis. This has created a multiple-front storm for global trade: freight rates increasing daily, due to longer shipping times and container ships and oil tankers’ shortage (occupied for longer). Higher insurance costs must then be added to the cost of fuel. The Red Sea attacks by Houthi forces have triggered a notable surge in demand for rail shipments from China through Russia to Europe, offering an alternative as maritime routes face disruptions. For example, the Rail Bridge Cargo, a Dutch logistics company, said to CNBC China-Europe rail route bookings were up 37% from the beginning of the crisis. Rail goods trains are a very efficient way of shipping from China to Europe, they are cheaper than air freight and take much less time to travel from China to Europe than sea freight (18-22 days) The China rail freight to Europe is known as the Eurasian Continental Bridge. It is the longest railway line in the world, passing through Kazakhstan, Russia, Belarus, Poland and Germany before reaching its final destination.

[@buddhuu1]

Too bad the interview wasn't longer. Sachs has a lot of experience

[@istiaqmujibtafader]

The majority of nations may have a more difficult time; in some cases, they may even be unable to produce the semiconductors that are essential for the digital economy. China, on the other hand, is gradually and steadily becoming an expert in these strategies. The result (5 nm) is a display of China's technological strength through the application of perseverance. No one can stop China from peacefully advancing in any field of knowledge, whether known or undiscovered. There is only one thing that will require some time to complete.

[@miltonlai4850]

But on the sales side, the shape is another 😐

[@johnathanhong2550]

Facts are China Growth is unstoppable.. And China is Progressing to achieve her high income country like the west

[@brunoheggli2888]

No

[@TacticalMayo]

Unstoppable? LOL you just don't get it yet 🤣

[@Jul_Nguyen]

The recent developments at China’s two sessions, where Beijing is asserting its position as a major global player, no longer adhering to the principles set by Deng Xiaoping. As China solidifies its role in the new global & economic landscape, the US, as highlighted in President Biden's State of the Union address, is facing evident signs of decline.

[@andresgarciacastro1783]

@@TacticalMayo 7% increase in exports. 6% increase in energy consumption. You can say their GDP is a lie, but those data cannot be faked.

[@longcimb]

To improve on the demand, work on the underserved markets. To improve investment, go for more internal investments drawing from the high savings......n of course, BRICs circle of internal crucial investment fr Saudi UAE

[@andresgarciacastro1783]

They're trying to stimulate consumption. But chinese people refuse to buy stuff they don't need and instead invest 40% of what they earn on average...

[@jpsmith9452]

Bizarre

[@Mr.Monta77]

STOP CHINESE AGGRESSION!!!

[@jrz8156]

Oversupply is creating depression in China 😅😅😅😅

[@charlesblusanovics8978]

Chinese propaganda

[@xfactor6099]

Hmm.!! You seem to prefer American propaganda

[@charlesblusanovics8978]

@@xfactor6099 ??

[@EkantBhairab]

​@@charlesblusanovics8978you got a fitting answer buddy

[@TacticalMayo]

​@@xfactor6099yes because most of us are American.

[@ABELARDOASISTIDO]

Boeing pax acft quality question...

[@floxy20]

My favorite stand up comedian.

[@budiantohadiwirono9292]

Nobody care about you floxy because you are underrated.

[@buddhuu1]

Why is he funny? Have a serious discussion, don't just insult

[@TacticalMayo]

​@@buddhuu1because he's a traitor.

[@DBGE001]

@@TacticalMayoCope harder! LOL ! Woke little girl!

[@andresgarciacastro1783]

7% increase in exports. 6% increase in energy consumption. Yeah, they're collapsing soo hard...

[@greggpon7466]

The opposite of communism for corporations that exists elsewhere.

[@vister6757]

China is no longer a communist country although the party name is the Chinese Communist Party. It's more of a socialist.

[@haowang1768]

ok China is very wealth

[@jalilmctobian4188]

Dump professor 😅, advertising professor

[@Cherishthemoment]

McGovern and this guy , wolves in sheep’s clothing. If you lesson to these two, You would wonder why they would want to live in the USA.

[@SagittarianArrows]

Wise leaders with sound fiscal decision making, pays off for business with Chinese Charactertistics.

[@robhappe906]

Move to China

[@keatingaaron]

But isn't the west broke? How do they/ companies/ individuals afford to buy all these Chinese electric cars and electronic goods? With what? Their western fiat currency?

[@TacticalMayo]

The West is the richest.

[@DBGE001]

Germany good a nice present from the US: double energy prices!

[@andresgarciacastro1783]

Dept.

[@ThatOldBlackMagic_YouAppear]

nice informant system hochul get yer uncle

[@ThatOldBlackMagic_YouAppear]

i am white .never mistake me for ukranian

[@berberbro]

Caparalism is fine...as long as the West remains in top 😅

[@ThatOldBlackMagic_YouAppear]

gary sued yer ARC new york, cuomover informants of yes yester year go bye

[@ThatOldBlackMagic_YouAppear]

EVER

[@fifigigi]

Is that a wig?

[@ThatOldBlackMagic_YouAppear]

gary sued yer pany's arc new york it nysifs if if if josh riley momma say nice, the UNION stole 186?

[@nelsontee9833]

👍👍👍

[@JoanneLeon]

😂

[@pingpong7810]

Hong Kong country 😂🎉

[@大真韦]

CGTN. DO YOU Hahaha haah ?...😅😂😂😂😂😂😂😂😂.

[@felipecostillas3798]

Hahaha haah talaga?...😅😂😂😂😂😂😂😂😂.

[@pengwan703]

来自欧洲的谎言。我住在中国西安市，整座城市的大百货商场、超市、大型家电卖场、餐饮业的不景气以及倒闭非常严重，伴随的是可怕的就业危机。住在其它城市的亲戚朋友大多感受到自己城镇的经济不景气。