Patrick Boyle: China is Killing Their Economy

Become a Client: nomadcapitalist.com/apply/
Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: nomadcapitalist.com/email
Get on the waiting list and join us for the next Nomad Capitalist Live:
nomadcapitalist.com/live/
In this exclusive interview excerpt, Andrew dives deep into the current economic landscape of China with Patrick, a seasoned expert in global economics.
Join us as we explore the historical trajectory of China's economic growth, the challenges posed by overspending on infrastructure, and the potential repercussions of malinvestment. Discover valuable insights into the global perception of China's investments, and gain a nuanced understanding of the risks and returns associated with emerging markets.
Patrick's channel: @PBoyle
00:00 Start
00:24 China's Economic Situation
1:58 Essence of the Problem
3:49 Risks and Returns in Emerging Markets
6:00 Impact of Changing Cost of Capital
7:36 Sovereign Wealth Funds and Global Investments
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."
Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.
Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.
If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.
Become Our Client: nomadcapitalist.com/apply/
Our Website: www.nomadcapitalist.com/
About Our Company: nomadcapitalist.com/about/
Buy Mr. Henderson’s Book: nomadcapitalist.com/book/
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[@davidk6264]

I remember conversations like this about China even before the GFC. Questions like "How can they afford all these buildings they are keeping empty?"

[@Plainsburner]

They extended that problem by making property ownership one of the only viable investments for common people. That increased demand of housing, so they just kept on building even when they were far past the point of saturation. That led to the current problems we might see now, or maybe they will find some clever accounting to extend the problem even further, but it will come due eventually.

[@JenHope883]

One thing people don't realise is China is still in the process of building new satellite town homes next to her major cities in anticipation of rural folks migration ( young people)to the cities . The satellite towns help to decongest the major cities like Beijing, Shanghai and Hongkong . Data Reference from book : China Dream.

[@JamesCoffey]

they can't, but the crash like all crashes, happens slowly at first then all at once. if ponzi schemes failed on day one, there would be no ponzi schemes, there are ponzi schemes, therefore it takes time, the bigger the scheme, the longer the time

[@Plainsburner]

@@JamesCoffey It just gets a bit scary when the people running that show also control one of the largest peacetime armed forces by manpower in human history.

[@JamesCoffey]

@@Plainsburner it's not scary, they can't go anywhere, no blue water navy, if they could then why haven't they taken Taiwan already? And that's not even a blue water operation. Not saying they won't try, but they will fail, they cannot secure the supply of energy and food of which they are a net importer.

[@Herfinnur]

I have much respect for Patrick's ability to keep l from giving anything close to financial advice no matter how much Andrew is fishing for even vague statements à la "I see a lot of potential in Indonesia". I wish everyone had that kind of integrity

[@arthurlasido258]

Indonesian here, run far far away from any Indon market; our country is losing out to the fericious rebels. Which is bad, really bad since a lot of Indonesia's construction is fueled by the exploitation of Papua. On top of that Islamism is on the rise, Indonesia had never been a tolerant country like it loves pretend to be. But recently various Daesh and Al Qaeda/Haqani linked groups are becoming more and more popular. The cherry on top is the legalized thugs known as "ormas" in Indonesia who will siphon the shit out of any foreign or local bussiness venture via forced"donation" There's a reason why middle-uppler claaa Kaffirs like me, especially the opressed eastern Indonesians prefer to keep our wealth "portable". Dont be a sucker.

[@SB-ll3tp]

While studying at King's College London took a course on derivatives delivered by Patrick. This course was one of the best on the programme.

[@josiechaney9010]

I would’ve failed the class, but I’d be so tempted to take any class taught by Patrick.

[@RWROW]

Ten years ago, I went to the far west of China by train. Alongside the existing rail line we were on, crossing an enormous desert, they were building a massive new high-speed rail line. Very impressive, but I wondered then how such an expensive project to a relatively unpopulated part of the country could ever be justified financially.

[@ss5gogetunks]

Id guess they're hoping it encourages people to move along the rail line?

[@harrisonhan3148]

Not designed for passengers maybe. China Export goods to countries west of China with that rail. That rail can also transport tanks and soldiers quickly to china’s western border

[@-Muhammad_Ali-]

​@@harrisonhan3148 it is very hard to maintain a long railroad against partisans in a wartime.

[@ubermenschen3636]

Typical myopic Western observer. China conducts feasibility study before construction. China builds infrastructures for the future, rather than just to sustain current economic development and demographic. If there’s one thing that China has repeatedly demonstrated during the past 40 years, it’s competence of their leaders. Westerners in particular the Americans are susceptible to arrogance - they believe everything China does must be viewed through the Western prism and evaluated by Western metrics.

[@doodlegassum6959]

A modern day silk road perhaps

[@KeithKnightScotland]

Patrick Boyle is a legend. Watched his channel grow from a few thousand to hundreds of thousands. Knew he would do well with it.

[@yaoliang1580]

There's certainly no shortage of ignorant followers for these fake news propagandist

[@jye7027]

Legend !!!! my dirty foot

[@creepycrespi8180]

Proof that people will believe anything from anyone.

[@sharkb8754]

Basically more Macro economic propaganda China-doomsayer of the last 30 years have not kept their mouth shut adn kept on spewing out nonsense

[@yudogcome5901]

Any video that talks bad about China will have hundreds of thousands of subscribers and millions of views. Have you found a way to make a fortune?

[@Atombender]

I love how Patrick sounds the same no matter who he is talking to, an interviewer or his KZbin audience. No acting, all natural.

[@GM4ThePeople]

He speaks his own convivial patois.

[@me0101001000]

Just him and his dry humor

[@samsun01]

His nickname is "Projection Bozo" so you clowns have a lot to learn and get your head out the sand, son.

[@RidwanGosal]

He clearly sounds different in this interview.

[@weewahgan6922]

The contexts is more important then the delivery. Sounding consistently is a matter of conditioning. You need to go in depth and details to analyze and understand the issues before you talk about it. I am rather disappointed that he keep bringing history into the picture. Everything evolves over time. What apply the last time may not apply now! Just look at EV, those big American, European and Japanese companies that ignore EV will eventually collapse. In stead of adoption based on logical analysis, they keep coming out with things like hydrogen cars, special ICE etc to denial the advantage of EV. Why? Because of Ego, Pride, EV's production are mainly made and promoted mainly by the Chinese. Instead of humble themselves and learn from the Chinese. If I will to be Peter position, I will admire how the Chinese study, research, develop and manufacture EV and create its supply chain completely and effectively.

[@Drarkiee]

Patricks improvement in camera presence over the past two years needs to be studied. He’s come so far imo

[@jeffreyadams648]

Too much hands

[@stevendefehr4393]

I have noted that in Patrick’s KZbin videos he really controls his hands movements . In this style of interview Patrick lets loose with his hands!😄 Yes a study is in order 👌🏻 I really like both these men !

[@agoodchow]

@@jeffreyadams648 Only care about his audio, like listening to his talk by RADIO and Not bother looking at the screen.

[@cumcumcum148]

​@@jeffreyadams648but they aren't random I might say. I like when people articulate like that

[@burgermind802]

@agoodchow maturity

[@thomasrogers9146]

Lee quan yei, the father of Singapore another great Asian leader responding to a bbc interview ( WHY DOES THE WEST ALWAYS ASSUME WE DO NOT KNOW WHAT WE ARE DOING? AND WE HAVE TO DO THINGS THE WESTERN WAY TO BE CORRECT.WE ARE NOY STUPID). THE WESTERN WAY IS NOT THE ONLY WAY TO BUILD A NATION.

[@GayFrogsTho]

What's your point?

[@oldernu1250]

Singapore then is not like mainland China under CCP now.

[@greentoby26]

'The West' assumed for 20+ years that China knew what it was doing, and the speed of their development was just terrifying efficiency, not cutting corners. Now 'the West' relies on information from China to question whether that was true after all. And what has all this to do with nation building?

[@JuriBinturong]

@@oldernu1250 You are clueless. PAP is a Socialist party and Singapore is a Socialist country. Nair the former president of Singapore and PAP member even wrote a book about it, and if you haven't already read Lee Kwan Yew's book, he often refers to Singapore as Socialist. They are even very critical of the Scandinavian Social Democrat system.

[@user-re6xt2xf3k]

You can't even spell Lee Kuan Yew properly

[@galactyx1]

Great interview style: ask interesting questions & listen to interesting answers, without interrupting!

[@lucie442]

I agree, I love it!

[@nino88881]

Im not being negative here but I have been hearing about this “China economy going down” for so many years and yet China still stand strong. Yes i saw the video of ghost cities and empty abandoned factories jn Cjina but i dont see China going down. Whats going on?

[@Stalkerfan498]

It's called insane government officials faking the numbers. From the very beginning, foreign investors were taken for a ride by taking the CCP at face value. It's almost as if trusting a totalitarian government is a bad idea.

[@lancevance6346]

It's a bit of a hyperbole obviously, but you don't just suddenly collapse into rubble, no economy does. Look at Pakistan. It's down in the dumps for a long time, but perpetually just skating by. China's economy is just predictably saturating after all this tremendous growth and will slow down, just like the US. That's all that means. It definitely isn't all strong. But it wont be signified by the entire country falling over overnight or something. The impacts will be felt by regular ordinary people on the ground, jobs will be scarcer, necessities will be slightly more expensive, investments will be pulled out, which they are. The usual stuff.

[@unconventionalideas5683]

It is collapsing. Ignore the official numbers; the CCP cooks the books. When you see and hear from ordinary Chinese people, you quickly realize that the CCP’s economic policies have been equivalent to starting a dumpster fire and then pouring enormous quantities of gasoline all over the dumpster fire. The real estate crash is much worse than you can imagine, and it will make the Great Depression look tame. It won’t be as global as the Great Depression, but it will be worse for China, because the amount of speculation and craziness got so much worse in China than it ever did in the United States.

[@jerryfish09]

You can’t judge macro by looking at micro. That’s two subjects in economics

[@ronk2307]

Standing strong? Look at the stats for youth unemployment and gdp growth, then come back and talk to us about how “strong” the economy is, you know it’s in dire straits when xi xinping himself admitted it a week ago

[@macdowellandrew]

It's better to create those facades than waging wars.

[@zl4384]

不像某一个经常发动战争的国家

[@wealthintruth6227]

Aligned with Gerald Celente in observance of USA as a war reliant business whereas China is in the business of production

[@dserv]

China would be waging war on everyone in Asia if the US wasn’t standing against them.

[@gswdeclan]

How about doing neither.

[@rathelmmc3194]

Well I mean you can't wage war when you're misappropriating your national labor force.

[@mirror452]

It's amazing that the China Collapse theory will not die :D

[@dancerinmaya6813]

China collapsing is a whole industry now Patrick also latches on...

[@windsong3wong828]

China is collapsing despite owning $1 trillion in Tresuries and trillions in overseas assets. USA is booming with $33 Trillions in debts. Go figure who is right.

[@user-dk9ln1dy6s]

They are smart academics. Life time employment secured.

[@larrousseyves9408]

They've been saying the same thing for 40 years now. Maybe it will work someday.

[@jlastre]

Bad investments as far as rail is concerned in the US is really a reductive take. There were all sorts of politics (on local, state and federal levels). Also the lack of commitment by capital to see passenger rail as an alternative to cars.

[@ObstaclestoOpportunities]

The capital was there maybe not at the beginning but the capital flowed

[@MrToubrouk]

Rail transport for passengers only works in dense population areas. Investment got nothing to do with it.

[@josiechaney9010]

🎯Thank you.

[@garad123456]

I was about to comment on the same. I don't think railways were a mistake, but americans just chose to use cars for everything. That was the mistake. Trains could've been great for the country

[@thomasopp9104]

Yeah, that statement from him shows me he really doesn't know a lot about rail on either continent

[@craigkdillon]

Boyle's reasoning about what happened to American rail and why trackage declined sounds nice, but is wrong. Before the 1930's roads, and even streets in cities were dirt. Rail was how supplies were delivered to factories. After WW2, the US spent a lot of money building the interstate, and streets in cities all became paved. Roads, cars, and trucks were subsidized. Now, factories are often supplied solely by trucks. THAT is what happened to American trackage.

[@Silverghost992]

Patrick is awesome. Great channel.

[@gligorhoria]

Automatic like 😊

[@theaccountant666]

why is he awesome? I heart this all being said by others for 5-10y ... he has to switch up his story a bit.

[@RetireandGo]

Very educational I’m avoiding China and investing into Malaysia

[@theaccountant666]

@@hardysingh5003 not sure this applies to the EU any longer

[@aachoocrony5754]

​@@hardysingh5003how is that different from the US? The market is absolutely controlled as well as the feedback loop. The feedback loop in China is obviously better if you take glance, maybe a couple of pics, or just one. 🤓

[@mattanderson6672]

Andrew and Patrick, TWO of my favourites!!!

[@nomadcapitalist]

❤

[@petruSarac]

The whole talk with Patrick is worth watching. Thank you!

[@markmcculloch2570]

Your spot on there

[@519stream3]

Western idiots kept predicting China collapse for decades but the reality went totally opposite. Why people still believe these idiots. The believers just have the same wishful thinking no matter how idiotic it is. I guess they just can't help themselves. Actually what happened in China in the past decades is just a teaser. In couple of decades China will pretty much dominate all areas to make the west so insignificant. I predicted China today decades ago and I'm predicting its future

[@Fish_Ventura]

Brilliant, thank you.

[@Probablyacowtbh]

A lot of folk were mortgaging housing that literally didn't exist yet. Then the inevitable happened.

[@NoMorePrivacy23]

These two are legends!!!

[@UnboxxingKate316]

Am glad to see Patrick Boyle tell it as it is 👍 this man oozes wisdom and knowledge 👏 👍Thank you Andrew for bringing him to your channel. Indeed 2024 will be an awesome year for all reading this. Let's make it work👌

[@happymelon7129]

Learn from China, Over the past 40 years, Lifting 800 Million People Out of Poverty. Infrastructure to every corner not making money for the politicians, just for the people to improve living. 12-7-2021 Tibet’s first bullet train line enters service For the first time, travelers in Tibet can enjoy the area’s mountainous views at high-speed. A 435-kilometer (250-mile) rail line connecting Tibetan capital Lhasa with the city of Nyingchi entered into service on June 25, giving all 31 provincial-level regions of mainland China access to high-speed train travel. 47 tunnels, 121 bridges Building a high-speed railroad in Tibet, dubbed the “roof of the world,” was no easy feat. Some 90% of the route, which took six years to construct, sits higher than 3,000 meters above sea level. The Lhasa-Nyingchi line features 47 tunnels and 121 bridges - which account for about 75% of the whole route. This includes the 525-meter-long Zangmu Railway Bridge, the largest and highest arch bridge of its kind in the world.

[@Stalkerfan498]

Can you tell us what happened on June 4th, 1989? Since you seem to speak nothing but the truth, surely you can answer such a question.

[@ToriZealot]

@@Stalkerfan498 what a dumb answer, dumbest answer of the month, congrats

[@Stalkerfan498]

@@ToriZealot You are ever-so wise sir. Maybe you can answer?

[@ToriZealot]

@@Stalkerfan498 it was my 46th birthday, happy?

[@Stalkerfan498]

@@ToriZealot Happy tp confirm that you can't provide the obvious answer, courtesy of your CCP paymasters.

[@pragma5282]

Well, saying that there's no need for high speed railways, coming from an american, where there are 0 miles of high speed railway, is a bit biased, or uninformed to say the least. High speed railway have brought economic growth and prosperity to many chinese territories that were underdeveloped just 15 years ago, and it has already paid by itself. Many american "doom experts" used to say in 2000 that the Euro would collapse in 5 years, and here we are. Blah blah blah.... They usually have lots to say about others, but seem to be oblivious to the fact that US infrastructure is crumbling, if not obsolete, with no high speed railways, it has fallen to 29th in the world in terms of productivity and value added to the economy.

[@TheCullousus]

Head in sand effect seems to be a thing for Americans. Not like they can do much about it anyways though.

[@unconventionalideas5683]

It’s not that there is no need for High-Speed Rail, but connecting random, provincial cities with little economic output over huge distances through difficult terrain probably did not make sense given China’s GDP per capita, among other things.

[@unconventionalideas5683]

In terms of productivity the US is still in the top 5 on a per labor hour and a per capita basis.

[@bobhuang2944]

I am an expat in China and Patrick is absolutely right. Chinese government spends too much money on some really stupid projects. I called them "wasteful spending." These are dead-end investments that do not produce any value or utility. BUT, the government officials do get a lot of kickbacks from these projects, so they just keep doing them.

[@bc-guy852]

Anyone who can carry-their-own, in an in-person interview with Patrick Boyle, gets my attention. The great job done got the subscription, notifications, a like - and this comment! There is only one Patrick Boyle.

[@0Turbox]

Why not send him a love letter? Others have to read this ass kissing.

[@yaoliang1580]

Enjoy the bovine manure fed to you by your favourite CIA sponsored anti China fake news propagandist

[@methodman348]

These people don’t understand. The politic is different from the west. The benefit of one party in china. Every decision they can do it fast unlike the west maybe this term is one party while the next term is another. The whole budget or policy will changed. About corruption, all country got it. Just like my friend in Canada, he opened a business there and said the govt appointed some firms to do certain licenses. So it is pretty must appointed for only those firms otherwise no license can be issued.

[@sumerchougule7766]

What a fabulous explanations

[@facesmile4667]

Oh wow, this is a treat! Nomad Capitalist x Patrick Boyle! Can we have the plain Bagel here too???? That conversation sounds interesting.

[@gUVUsKgUVUsK]

Like the Banque du Canada did until 1974, The Chinese government is financed interest-free

[@costamarques3900]

China is a different system, The country and population in focus , not the corporate elite.

[@lewisbrand]

@@costamarques3900 that is what the Nazis said and did with Mefo Bills. It didn't work out that well.

[@greentoby26]

The population, not the corporate elite or the CCP lackeys, is also in the focus of the oppression.

[@stoneneils]

@@lewisbrandThe USA is the nation with the nazi problem today, what a statement..if trump wins its over literally.

[@user-me2dy6ct4z]

Tesla is going another super factory in Shanghai say it all

[@dangaines405]

Great interview! Your guest made great and valid point! Thanks!

[@nomadcapitalist]

Thanks for watching!

[@bbalila]

On Rail , there was more rail in 1800s than now is because there was no planes & Highways.

[@kerbodynamicx472]

High speed rails in the 80-500 mile range are more effective than highways.

[@MichaelLee-bj8er]

Asian vs Westerner thinking.

[@azamarabear]

I love both these guys😮

[@gracewalsh4908]

Your interviews are always so good. You're a natural!

[@nomadcapitalist]

Thank you! 😊

[@patrickmaurin995]

30 years I heard China is collapsing…..😂

[@songhan1586]

well it kinda is right now if you know anything

[@eIectrostatic]

​@@songhan15865.5% GDP growth for 2023, that's not "collapse" by any measure...

[@jengoh3826]

And I have heard for the last 30 years that China will overtake America soon, but that hasn't happened yet.

[@vitawater4259]

If that number is to be believed...

[@terencetong4896]

This is called willful ignorance. Anything that you don't like is fake.

[@valipunctro]

How much did Patrick abstain himself from saying "silicone valley bollocks" instead of "silicon valley language" ? 😂

[@JezzaTrades]

Amazing collab, not the one I expected but appreciated nevertheless

[@hudsonwong7109]

He is living in the dream comparing Europe and US with China. Basically the path are different. The cost is lower and the need is much higher with a very large population and the belt and road to countries badly need the infrastructure.

[@seanbrown701]

Wrong. Digging holes and filling them back up is another name for the Belt and Road Initiative. Go visit some of the locations and see for yourself. China has wasted hundreds of billions of dollars.

[@Stalkerfan498]

Sri Lanka really needed to pay all those Chinese companies to build useless projects with high interest CCP loans. Why did they go insolvent? It must be a CIA plot!

[@raytvmy]

Omg didn't know you guys know each other.. Patrick Boyle is a genius

[@uwanttono4012]

Patrick is an Irish gem with his sardonic dry humour. A gas man indeed!

[@accountantthe3394]

If gurus like these passes off as "gems" these days, I've got bad news for ya

[@uwanttono4012]

@@accountantthe3394 Your bad news is as worthless as yourself lol!!

[@DecemberNames]

This never gets old 💯💯💯. Keep it coming‼‼‼

[@meln4214]

Hi Nomad. Came from Patrick's channel. Excited to explore your channel. 😊

[@nomadcapitalist]

Welcome!!

[@French_Connection]

@@nomadcapitalist Delusional experts who have not even been there.

[@tomyandrade]

What a great colab🎉

[@bumspanka0927]

Great guest and great video

[@nomadcapitalist]

Thank you!

[@selocan469]

"There is a guy who look like Jesus... He talk Silicon Valley language" He got me with that one : )

[@ericmurphy2862]

Who did the Artwork on the wall behind the lamp?❤

[@user-td1em1wg9v]

China is transitioning their economy. China thinks differently than the western economist or that western economist measures China on western models. China is not declining. China is still rising in gdp 5% this year.

[@frolicsomgaiety]

Don’t tell ppl about the PPP they’ll freak out

[@marczapatos2229]

Really? Then how come they still suffer the same housing crisis just like the west? Its the same ponzi scheme but a larger scale. All those talks of different views and model is just a saving face denying present reality.

[@YourHineyness]

So do the normal economic laws not operate in China? Is the "Invisible Hand" not allowed into the country?

[@frolicsomgaiety]

@@YourHineyness their market is arguably much freer than the US’s, the “state” just doesn’t let their capitalism control it. Like, “lobbying”, aka state sponsored corruption, is illegal. They’re smart enough to know what happens when capitalism is allowed to exist in a vacuum, it ends up controlling everyone, strangling the state to death, like in the US. But capitalism is allowed to thrive and the state doesn’t chose winners, and there’s also no money in politics

[@user-td1em1wg9v]

@@YourHineyness Everything is front of them. Even the leading western economist can’t see it. Chinese are more open to see things differently. Western mindset is set in their way. For you western maybe gold standard. The normal standard. Other cultures sometimes do things differently.

[@DavidChangHaoHsi]

I rather they spent money on rail than money on guns like some country

[@mostevil1082]

The high speed rail are super weird. The stations are way outside the cities. Often the different lines have different stations at other sides if the cities. They're not connected and don't have central stations in most cities. The trains are good but the rest of it is a mess.

[@michaelepp6212]

It's Official when Patrick makes a video about it!

[@MrToubrouk]

... after everybody made a video about it.

[@johnwright9372]

The trouble with pouring vast amounts of concrete is it very polluting and it only lasts 2 or 3 decades.

[@doujinflip]

Not the way Chinese companies pour it though. They often skimp on cement so it crumbles into dust even by hand.

[@dionrau5580]

Any thing built properly and Maintained, Will last. Throwing out a system that works for something not ready and in development,is greed and ignorance leading the way.

[@JS-jh4cy]

It now takes Canada a hundred years to pissing do a mile of railroad tracks maintenance west of Toronto on technology that basically over 100 years old

[@Leoq-zk6wt]

sovereignty, does anybody understand China has sovereignty? you may want it to collaps, but it just won't, how frustrating!

[@mgoldberg777]

Great video on the economy

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank 😊

[@mykhel]

Patrick been saying China is on decline for 2 years now.

[@alexanderSydneyOz]

And it has been in decline for 2 years.

[@tipupakoro5729]

@@alexanderSydneyOz In your dreams.

[@UCantSeeemeee]

​@@alexanderSydneyOzwhat is your petrol, diesel rate in your country 😂

[@dmitriyf1]

@@tipupakoro5729no, no. In reality

[@itsoktolovechina]

​@@alexanderSydneyOz It did slow down cause of covid, but china has been one of the very few countries out of 200 plus that still had positive growth durin this time

[@omgnowairly]

Remember 23 years ago when analysts claimed chinas realestate market was going to collapse when it was quite the opposite ?

[@joshhoffman1975]

Great format, thanks! ❤😃

[@nomadcapitalist]

Glad you like it!

[@amandagorter1684]

Not sure who is saying and assessing China's economy but Cyrus Janssen's logic sounds more logical😂. Maybe because he lived in China and understands Chinese business culture and govt social policies better than most journalists. Being an overseas Chinese, I can agree Cyrus has a better understanding of China and its policies than most Mass Social Media journalists here

[@stereomtl9001]

those who know , know 😉

[@French_Connection]

Delusional experts who have not even been there.

[@williamcrossan9333]

6:55: When will interest rates go back to their normal level of zero? Indeed every real estate agent in Australia, and our new group of super spruikers - Buyers Agents, are all preaching this!

[@egal1780]

9:59 doesn't that contradict the academical point of view that lower priced companies (value) outperforms higher priced companies (growth companies)?

[@wallyfritz9046]

Patrick is truly the goat

[@murrayclarke2171]

I always figured China would go the way of Japan, bubble wise. Maybe so.

[@directxxxx71]

Everything is possible in ur dream 😂😂😂

[@Trgn]

Its call an economic cycle. Every country has it

[@anthonyburke5656]

What amazes me is the self proclaimed experts have been so slow on the uptake. I’m a very close friend to a very senior analyst of Asia, for the last 10 years I’ve been pointing to the problems with the CCP and the structural chasms in the CCP and the Chinese economy. For up until 18 months ago, I’ve been derided by the experts, now, they are pontificating using points I was making 6 and 7 years ago! But no one wants to hear what I’m saying now about China! I say, look at Japan, think 1980, think NO DISCIPLINE, think no real,cultural unity!

[@markuc]

Keep smoking that weed buddy while China becomes a super Singapore. Because it is Singaporean's Confucian based system China has decided to adopt 40 years ago.

[@Stalkerfan498]

Just like the CCP, a lot of investors are vain. They just want to save face and be told that their money is being well spent. It takes a totalitarian government going back to it's roots to make them face the music.

[@JustineEllushon]

Let's listen y'all....

[@enochquran]

How about exports? Everyone always discusses hotels real estate and construction.

[@dionrau5580]

When the supply line are closed for whatever reason. That's out of the picture.

[@northernsamba7388]

China's economy is collapsing! Collapsing! 400 Million Chinese is out taking part in snow activities. It has half the world's indoor ski runs, ski resorts grew from 400 to 700 in three years. It is not good, just one aspect of China's economic facts. China economy this winter is freezing while our Ski runs are water logged and ducks are having a great time.

[@thomasrogers9146]

The chinese economy grew at 5.6% and the u.s grew at 4.9%. According to the west a 4.9% GDP growth is greater than 5.6% GDP growth. insane.

[@slopedarmor]

Wrong

[@UCantSeeemeee]

And China has 1.5 billion population and USA has 330 million population. It's like comparing an elephant with an ant 😂

[@slopedarmor]

@@UCantSeeemeee the ant has the bigger economy tho, and airforce, and global polotical influence.

[@jackwillmore2319]

Yeah, I absolutely love the guy too. He is absolutely brilliant in his domain and seems to have both an absence of ego and a great wit. How would you like to have him as a brother in law sitting around the dinner table on holidays. Always something to learn from him.

[@jamiemobilerepairnow5968]

Class, two of my favourite KZbinrs in one video. Top notch

[@00000a0009]

Patrick! ❤

[@GLOBALALLIANCE]

Suddenly everyone is China expert and all have PhD in Economic lol.

[@jimbrown5091]

This is going to sound odd: I really like the lighting in this video.

[@pavolskulavik]

I like this guy how he speak. Good pick

[@vietimports]

china speed ran 200 years of economic and financial development in 50 years. from a country full of peasant farmers living in fishing villages to hyperfinancializing their economy and hitting the demographic wall and experiencing almost every single problem that major developing countries are experiencing but with a massive population. aging population, real estate implosion, high youth unemployment, extreme underemployment. they rapidly urbanized which led to a gigantic real estate bubble, they rapidly educated their population which led to not enough high skill/high paying jobs

[@ObstaclestoOpportunities]

Agree, that was a massive change and they will need some time to redirect for sure

[@wongsy1704]

Another pupil of Gordon Chang 😅

[@ImHavingaCoronary]

The "whooshing" sound effect for the banners is very distracting.

[@KevinBauman]

I can hear a particular politician saying, "Chiiina is eating our lunch!"

[@nickhanlon9331]

What? You mean building bridges to nowhere makes you broke? I'm shocked. Absolutely shocked.

[@manik_abdallah]

1:40 But if spending stops, the growth of the economy stagnates.

[@benyap6033]

Depends on what the "spending" is on. Spending in infrastructure, education, homes, etc is better than spending on waging and mongering wars.

[@HectorYague]

The word "spending" in economics expects, by definition, to report a positive ROI. Otherwise, it is known as "wasting" or "malinvesting". Unfortunately, most of the projects financed by public "spending" carry a negative ROI: for every dollar the country goes into deficit, less than a dollar is added to the GDP. That is why debts around the world are mounting up to insustainable levels :(

[@doujinflip]

"Wars" that contain longstanding local conflicts and maintain sea and air lanes of communication and trade for the rest of the world. There's a reason America currently focuses support to Ukraine (Danube River and Bosporus Strait) and Israel (Red Sea and Suez Canal), as opposed to say Congo or Myanmar.

[@dionrau5580]

​@@HectorYaguethe money the government spends it took from taxing, if you don't take care of the source, short sighted and greedy and incompetent. Even the large corporations are getting the benefits of taxes one way or another.

[@johnellington1932]

Elexir Bank Interest Rate on Gold Fluctuations. FAMILY ORIENTED.

[@nerdlife206]

Railroads disappeared, in part, because of massive US subsidies towards cars and highways.

[@yttean98]

P.B. yes, China has Many Economics problems that seem unsurmountable, still you overlook the number of levers China can still use to overcome them. You didn't know over the last 40 yrs China encountered many economics problems you didn't know they were solved then may not be all of them. Never give up. Your concern should the US economic problems they are far more serious.

[@eng3d]

us in a nutshell: collect 5 trillions and spend 7 trillions, and instead of restricting the spending, it is spending even more.

[@yttean98]

@@eng3d Most of the expenditure is in Yuan not US$. That makes a lot of difference. What the US debt US$33 trillion? I would be more worried but I am not a US citizen, that is why I don't spread bad news everywhere.

[@dionrau5580]

​@@eng3dit's insane, and it Will end up badly if sanity doesn't happen soon, like the day before yesterday.

[@joseantoniodonato42]

EXCELLENT INTERVIEW

[@nomadcapitalist]

Thanks!

[@rorythomson3439]

Patricks a beast 💪

[@jackm2293]

Fantastic.

[@nomadcapitalist]

Many thanks!

[@chentecorreo]

Patrick Boyle, excellent!

[@sichenghao3747]

Railroads in America disappeared because of de-industrialization. If you know how the gen Z Chinese use high speed railways to travel, the high speed rail will be fine in the next 30 years.

[@subusrable]

Nice hole digging and filling analogy

[@TheCullousus]

America sure does have a big debt hole to fill.

[@stereomtl9001]

Hey , they can't be doing worse than Germany and the EU 😂 , all roads are shifting East , if you don't see it, you're not paying attention.

[@jeffl4554]

China most likely recognizes its problem so it (purposely) allowed the crash of Evergrande and some others, to indicate that it's time to stop here. While the existing projects might still be completed, there will be very few new non sense project in the future at least for a while. It's a learning curve, China will take a huge loss on the unprofitable projects just like we had in the past but well, isn't it good they need to slow down while we are fixing our internal problems?

[@aoeu256]

well I’ve heard China is going to collapse every year since 2006, even if one part of chinas economy collapses there is still lots of opportunity coming from education, infrastructure, Chinese moving to better areas, innovation

[@ZweiZwolf]

Yeah, China is deflating the real estate, likely to nationalize Evergrande and others going forward.

[@AI-ih5or]

I am Chinese, and what I want to say is that we are not a capitalist country. We measure the value of a project based on whether it benefits the majority of the people. This is a comprehensive value assessment, not just the return on capital. If you look at the Chinese government from the perspective of return on capital, you will find that it is simply squandering money, such as building roads, railways, networks and hydropower in remote places, and developing infrastructure and industrial support moderately ahead of schedule. In the 1990s, when China's per capita GDP was only US$500, it launched satellite navigation systems and manned spacecraft projects. Democratic countries would not do this. China now relies on its own satellite systems to develop military industry, communications and vehicle navigation. The Longxi Plateau in China's western province of Gansu was once a barren plateau but is now a growing base for summer vegetables in northern China. The Chinese government's idea is to give you as fair development conditions as possible instead of subsidies, so that you can compete with the eastern coastal provinces and give full play to your own advantages. The same Gansu Province, with the lowest per capita GDP in the country and an arid environment, is China’s chip packaging and testing base, photovoltaic power generation base, space launch base and important tourist destination. Our goal is, come, let's develop together.

[@AI-ih5or]

It seems like my answer is irrelevant, so whatever. I just want to share😂😂😂

[@ZweiZwolf]

​@@AI-ih5or Yeah, they're deleting replies that don't fit the narrative.

[@kryts27]

I saw this economic shock in China coming a year ago. Politics really does matter; it's overlapping magisteria with economics. Unfortunately the depression hitting China now (Yes, it's a 1929 style US depression on steriods. Worse, there is no population growth to trend out of it) will affect the world for a few years, so expect a recession in your county sometime soon 😅

[@laylowabella4808]

Its always "sometime soon"...a lot of prediction of the FALL of CHINA 20 to 10 years ago..Did it fall? So now your best guess.."sometime soon"...just a wishfull thinking..😂

[@Stalkerfan498]

@@laylowabella4808 But saying China has alleviated poverty while 80+% of the population live on 2000 yuan or less per month is not wishful thinking? Mass youth unemployment and insolvency of local government departments in China is not wishful thinking? Of course. Why would I question the wisdom of The Party?

[@saliferousstudios]

If they were a consumer nation, it would be so much worse. Because they're a supplier nation, it won't be as bad for other countries. Some places will see down trends (concrete in Australia for one) but other than that should remain localized.

[@hughmungus2760]

@@Stalkerfan498 lets just say chinese people aren't getting poorer. while the same can't be said for alot of other countries. Local government budgets ultimately fall on the central government, any insolvency can be papered over by the central bank and china's currency strong enough to handle a few jurisdictions going bankrupt. Youth unemployment is temporary. Thats what happens when a generation of children don't want to work in factories but there aren't enough service jobs for them. They'll learn to temper their expectations or go back to study.

[@marczapatos2229]

​@@laylowabella4808china's fall is not like the fall of Rome as many would like to imagine. The mere fact, that there are lots of business, factory closures, and major corporations doesnt paint a rosy picture either. Considering illegal chinese migrations entering US en masse points to a grimmer situation than ccp propaganda. It may already fell years back but news blackout kept everyone from knowing.

[@madsam0320]

Building railroads to remote areas may seem pointless, but those sparse areas gradually become trade, industrial and tourist destinations. Opportunities and supporting economies follows. Population grew, suddenly the road to nowhere becomes the road to somewhere. It’s already happening to China’s poorest regions, they are the fastest growing provinces.

[@tschoong3897]

Question: is it?

[@sitrep123able]

They killed it 40 years ago with the 1 child policy and stuff

[@Teochewtuahang]

1 child policy only apply for Han ethniv population. Most non Han population doesnt require to comply with policy. The point is invalid anyway

[@npc2480]

Today, China needs to import food and energy and have a high unemployment with a population of 1.4 billion. Can you imagine how it would be without a one child policy if they have an even larger population?

[@alexanderSydneyOz]

@@npc2480 I agree, but one notes the present government is trying its best to encourage faster population growth. You would think they, and Western countries which think population growth is a solution to anything, would understand such an obvious point as you make. But, no.

[@UCantSeeemeee]

​@@npc2480most of the import are repackaging to feed poor population of the world with their finish product 😂

[@dicky-duck6632]

It's quite amusing to see these self-proclaimed China experts confidently discussing China

[@agoodchow]

Patrick Boyle is good on certain areas. Nobody is good on everything. However, I sensed that Patrick Boyle may need to travel more globally to understand better.

[@YourHineyness]

I saw a documentary lately on Mars. It's quite amusing to see these self-proclaimed Mars experts confidently discussing Mars. Delusional experts who have not even been there.

[@dicky-duck6632]

@@YourHineyness the difference is we cannot buy a ticket to Mars but we can buy a ticket to China and check things out

[@YourHineyness]

Either way, we are observing from the outside looking in. In a lot of ways, people outside China do have a better view of China since the CCP rigorously prevents information from getting to its people.@@dicky-duck6632

[@kasisoot]

Well, you can’t expect the average Chinese citizen to be able to discuss their own country.

[@nekoJens]

Gotta disagree on the train example though. Highways are absolutely terrible awful investments and it makes way more sense to move people on rails… if one would strictly look at investments and returns, cars would basically be nonexistent.

[@Calmly-replied111]

Think 🤔 about the fact that "money " can only be made when the lowest of wages are paid 😢😢

[@ZZWWYZ]

The rest of the money goes to economists to tell you why it must be this way