Steel Giant Dongling Group’s Collapse: Xi Jinping’s Unfinished Reforms Spark China’s Economic Crisis

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Күн бұрын

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@powershift2024 Ай бұрын

Great video Don. To think that 1 person (Xi) is deciding all policy for over a billion people with very, very distorted and extremely inaccurate information should be terrifying for Chinese citizens. Thank you for your time and effort.

@kevinbyrne4538 Ай бұрын

A blind and deaf pilot is flying the plane.

@mysterion4301 Ай бұрын

Appreciate your insights ... I feel sorry for the Chinese workers who fought so hard for a better life and a better China, only to be let down by leaders with a poor understanding of economics, supply and demand, and the invisible hand. This will ripple backwards into every industry there that aided in overbuilding. The oversupply has to be worked off or destroyed before new demand will set the wheels in motion again. Some supplies could be 'dumped' into other countries, or given out in the form of foreign aid, but tariffs pop up very easily these days as nations seek to protect their own core industries.

@charliex2896 Ай бұрын

Instead of small market corrections, the State opt for the "great correction of China". China grew faster than any expectation, but probably collapse harder than anyone could imagine.

@pablosskates7067 Ай бұрын

That’s what happens when the government thinks it can do better than the market. Big bets lead to big mistakes. One child policy for example. If the decision is correct, central control can lead to incredible gains, but it can also be catastrophic. A few winning hands may deceive but it’s not sustainable long term as you’re always one big mistake away from collapse.

@powershift2024 Ай бұрын

@@charliex2896 a huge factor in China's rapid growth was enormous foreign investments. Those have all disappeared now. Their economy is on life support and Xi knows it. Any more significant rounds of tariffs (EVs, steel, etc) will result in a complete economic collapse (this doesn't even factor in more "Western" tech bans). This is now Garbage Time for Xi and his buddies.

@FrankHarwald Ай бұрын

Exactly!

@dashman13 Ай бұрын

Really enjoy your content. Very interesting. Information and history on the issues. Thank you.

@vanessali1365 Ай бұрын

Excellent contents 👍

@jerrycornelius5986 Ай бұрын

Very informative- thank you.

@lambertois11 Ай бұрын

The market reality will invariably catch up with hard consequences !

@swingingdaniel Ай бұрын

红星美擦龙 is already bankrupt, showrooms shitting down in numbers, CITIC group doing lay-offs and management salary cuts of 20-30%, and so on

@DavidCooper-bn6te Ай бұрын

Don't know the specifics, but shipbuilding has also been in decline. You just gotta love how xjp seems to think his edicts can change the basic laws of free market economics and the inner workings of capitalism . Guess he's learning his lessons the hard way. No sympathy from me. Thank you Don for your insightful and informative presentations.

@SerendipityChild Ай бұрын

The world has a shortage of shipping at the moment. It maybe will be a sector that does okay, if China can get some big contracts

@DavidCooper-bn6te Ай бұрын

@@SerendipityChild Who? Maybe Russian does. Problems with low rainfall are taking their toll on shipping via the Panama Canal. Please elaborate if you will.

@lance8080 Ай бұрын

@@SerendipityChild ban CCP imports 🇨🇳

@stingray9225 Ай бұрын

Senior executives already transferred millions out

@SerendipityChild Ай бұрын

Suppliers of the building sector will all have difficulties

@ric6074 Ай бұрын

Bank run will continue since the last six went under.

@djparn007 Ай бұрын

Thank you, Don. 👍

@markgarin6355 Ай бұрын

His reforms were short sided and ineffective for the reasons noted. Glory of authoritarian government allows for asinine action with no foresight.

@GARRYJackson-q1h Ай бұрын

I work in China in an industry that uses more than the average steel We are having to import the steel as the Chinese can not supply

@markkrajnik Ай бұрын

Interesting, is it a foreign company that re-exports almost everything you make??

@GARRYJackson-q1h Ай бұрын

@@markkrajnik ship building for the oil and gas industry

@JamesJohnson-gv7tv Ай бұрын

Great Stuff…….as usual!😊

@Waverlyduli Ай бұрын

Thank you, Don 👍

@Jaysqualityparts Ай бұрын

I wonder if that is where Boeing and Airbus got their counterfeit metal that wasn’t what it was labeled as.

@seraph3761 Ай бұрын

Evergrande was the first domino to follow. The 2nd domino has fallen, more to follow

@saltymonke3682 Ай бұрын

The first domino is the fake demographic data 30 years ago

@aaron2709 Ай бұрын

Good one.

@scorpionvenom828 Ай бұрын

Amazing China in fact it is Collapsing China. 😅😅😅

@williamlloyd3769 Ай бұрын

Australian economy will take a hit when iron ore exports are decreased.

@richspring1 Ай бұрын

Don, Could you Powerade tell me something about that print on the wall behind you? ..the big character surrounded by skinny, laughing mates..Thank you

@parrotraiser6541 Ай бұрын

Welcome to "industrial policies".

@jamesjaudon8247 Ай бұрын

Thank you for the "monkey juggling corn". I've never heard that analogy. Probably because monkeys can't juggle. I never got to watch one try. Trade and commerce with as little corruption as possible seems to be the best way for everyone to proceed. Yet we are seeing wars , conflict and massive corruption. Quite depressing.

@thomastan7511 Ай бұрын

Sad

@howardmaryon Ай бұрын

As Margaret Thatcher, the Prime Minister of the U.K. in the 1980’s said, “you can’t buck the market”

@Talus-hallux1 Ай бұрын

@howardmaryon. Never mind what she said! She has been responsible for the privatization of UK's transport, water and utilities and has played a large part in the mess that the UK is in today. She is also responsible for closure of 10s of industries and loss of millions of jobs in the UK!

@saltymonke3682 Ай бұрын

@@Talus-hallux1closures??? That's not her, that's before her, especially the steel, car, shipbuilding industries. It was Labour who nationalised those companies and turned it into shts by putting bureaucrats instead of business people as executives.

@totem559 Ай бұрын

what was happened in 2015 specificly ?

@michaelgothenburg364 Ай бұрын

Good video Don. I'd like to see you make a video on this: Why China wants a war sooner than you think? Of course. Like all autocratic governments, their main goal is to continue to stay in power. That will become more and more difficult as China's economy is tanking. Between 5 to 10 years from now, their economic situation will become unsustainable and they will then covertly start a war to rally the population around them and stay in power longer. Democratic governments would have done the same it it had benefitted them but it doesn't because they have laws controlling how long a leader can stay in power regardless of how popular he or she is.

@markkrajnik Ай бұрын

Also anti-dumping laws from Europe and US also helped here. The real issue is 1/2 of the companies in China do not make money but got propped up by there local officials for jobs in china many factories still today pay low wages but send the works children to school and feed them. So once locals cant generate income from taking and selling land to built high rises, they can no longer create funny money to pay off these factories that lose money so they are stuck right now imo.

@josephlee8765 Ай бұрын

Without the cooperation of chinese citizens the government could not stand and these coming hardship unless may be if they change their type of governance.

@voranartsirisubsoontorn Ай бұрын

😮😮😮❤

@lucky-jonas4463 Ай бұрын

Planwirtschaft funktioniert halt nicht.

@SantosValario Ай бұрын

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

@WillParfitt-t2i Ай бұрын

Wow that's huge, how do you make that much monthly? I'm 37 and have been looking for ways to be successful, please how??

@SantosValario Ай бұрын

She is Expert Bridget McGuire

@SantosValario Ай бұрын

She's a licensed broker in the states🇺🇸🇺🇸

@LeonardoZito-b1s Ай бұрын

YES!!! That's exactly her name (Bridget McGuire) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia 🇦🇺

@RebeccaM-y6i Ай бұрын

I Just withdrew my profits week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@kimiyounasarukun Ай бұрын

Engagement for the engagement god, likes for the like throne.

@scottmarquardt3575 Ай бұрын

If Vance gets to be in charge of the border maybe he'll do what chameleon did, not give a ship, but he will care about Ohio and steel😊Go Trump

@Michael-o3h Ай бұрын

Which report and who exactly cited it. Name them specifically or shut the hell up 😅😅😅

@Michael-o3h Ай бұрын

Your a dictator😊😊

@StuartDeighton-w6u Ай бұрын

Dont mess with the BOSS Michael Bell Pharaoh Abraham Orion HIM Jesus Christ ❤❤❤❤

@robertward8035 Ай бұрын

I have been amazed for decades regarding China. It's people are amazing, China will come out of this.

@neilcalonia2882 Ай бұрын

No way...😂

@ric6074 Ай бұрын

Check the global IQ ranking.

@lance8080 Ай бұрын

@@ric6074proven they cheat on exams in Chinese universities just like their government 🇨🇳

@howardmaryon Ай бұрын

The people aren’t the problem, sadly.

@Felipe-n3j Ай бұрын

Useless propaganda.

@louischau7982 Ай бұрын

Sound like GORDON CHANG . Are you related to him

@1demo1 Ай бұрын

Two week old news Don. 😅 Don youre not nearly as insightful as you think. You report two week old news after you have read 20 other people's reports. Only complete new Chinese news newbies would not know this.

@rondewitt6238 Ай бұрын

Only a child would watch this insightful video and not see the value in Don’s insightful comments and synergism. I watch this channel exactly for the insights - I watch 6-8 other channels regularly and each has its value to me. NONE is more insightful than this channel. Yes I can find ‘news’ elsewhere - but I have never found any channel more able to connect a number of incidents and show how they connect and most importantly - What it means!

@1demo1 Ай бұрын

@@rondewitt6238 So do I and read and speak Chinese newbie. Go find a fool to preach to. I live in China and have done so for 15 years with my Chinese family and our business.

@1demo1 Ай бұрын

Three years and 24 k subscribers. You are obviously not reading and watching the right resources as they are probably above your level. 😂 Go reevaluate your intelligence as it is about a child's. @@rondewitt6238

@1demo1 Ай бұрын

@@rondewitt62383 years and 24 k subscribers. 😅 Methinks only your childish naivety could find this insightful. 😅

@rondewitt6238 Ай бұрын

@@1demo1 I lived in China for 10 years and am married to a Chinese wife. However, it is NOT that that allows me to make a comment, but rather looking at your silly premise, “Other guys said these things first so this channel is lame”. Perhaps you should rather try to find anything at all that you think is not true, or not logical and comment on that instead of just tossing trashy comments onto a great and informative video.