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.
@kevinbyrne4538Ай бұрын
A blind and deaf pilot is flying the plane.
@mysterion4301Ай 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.
@charliex2896Ай 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.
@pablosskates7067Ай 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.
@powershift2024Ай 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.
@FrankHarwaldАй бұрын
Exactly!
@dashman13Ай бұрын
Really enjoy your content. Very interesting. Information and history on the issues. Thank you.
@vanessali1365Ай бұрын
Excellent contents 👍
@jerrycornelius5986Ай бұрын
Very informative- thank you.
@lambertois11Ай бұрын
The market reality will invariably catch up with hard consequences !
@swingingdanielАй 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-bn6teАй 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.
@SerendipityChildАй 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-bn6teАй 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.
@lance8080Ай бұрын
@@SerendipityChild ban CCP imports 🇨🇳
@stingray9225Ай бұрын
Senior executives already transferred millions out
@SerendipityChildАй бұрын
Suppliers of the building sector will all have difficulties
@ric6074Ай бұрын
Bank run will continue since the last six went under.
@djparn007Ай бұрын
Thank you, Don. 👍
@markgarin6355Ай бұрын
His reforms were short sided and ineffective for the reasons noted. Glory of authoritarian government allows for asinine action with no foresight.
@GARRYJackson-q1hАй 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
@markkrajnikАй бұрын
Interesting, is it a foreign company that re-exports almost everything you make??
@GARRYJackson-q1hАй бұрын
@@markkrajnik ship building for the oil and gas industry
@JamesJohnson-gv7tvАй бұрын
Great Stuff…….as usual!😊
@WaverlyduliАй бұрын
Thank you, Don 👍
@JaysqualitypartsАй бұрын
I wonder if that is where Boeing and Airbus got their counterfeit metal that wasn’t what it was labeled as.
@seraph3761Ай бұрын
Evergrande was the first domino to follow. The 2nd domino has fallen, more to follow
@saltymonke3682Ай бұрын
The first domino is the fake demographic data 30 years ago
@aaron2709Ай бұрын
Good one.
@scorpionvenom828Ай бұрын
Amazing China in fact it is Collapsing China. 😅😅😅
@williamlloyd3769Ай бұрын
Australian economy will take a hit when iron ore exports are decreased.
@richspring1Ай 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
@parrotraiser6541Ай бұрын
Welcome to "industrial policies".
@jamesjaudon8247Ай 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.
@thomastan7511Ай бұрын
Sad
@howardmaryonАй бұрын
As Margaret Thatcher, the Prime Minister of the U.K. in the 1980’s said, “you can’t buck the market”
@Talus-hallux1Ай 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!
@saltymonke3682Ай 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.
@totem559Ай бұрын
what was happened in 2015 specificly ?
@michaelgothenburg364Ай 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.
@markkrajnikАй 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.
@josephlee8765Ай 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.
@voranartsirisubsoontornАй бұрын
😮😮😮❤
@lucky-jonas4463Ай бұрын
Planwirtschaft funktioniert halt nicht.
@SantosValarioАй 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-t2iАй 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??
@SantosValarioАй бұрын
She is Expert Bridget McGuire
@SantosValarioАй бұрын
She's a licensed broker in the states🇺🇸🇺🇸
@LeonardoZito-b1sАй 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-y6iАй 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
@kimiyounasarukunАй бұрын
Engagement for the engagement god, likes for the like throne.
@scottmarquardt3575Ай 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-o3hАй бұрын
Which report and who exactly cited it. Name them specifically or shut the hell up 😅😅😅
@Michael-o3hАй бұрын
Your a dictator😊😊
@StuartDeighton-w6uАй бұрын
Dont mess with the BOSS Michael Bell Pharaoh Abraham Orion HIM Jesus Christ ❤❤❤❤
@robertward8035Ай бұрын
I have been amazed for decades regarding China. It's people are amazing, China will come out of this.
@neilcalonia2882Ай бұрын
No way...😂
@ric6074Ай бұрын
Check the global IQ ranking.
@lance8080Ай бұрын
@@ric6074proven they cheat on exams in Chinese universities just like their government 🇨🇳
@howardmaryonАй бұрын
The people aren’t the problem, sadly.
@Felipe-n3jАй бұрын
Useless propaganda.
@louischau7982Ай бұрын
Sound like GORDON CHANG . Are you related to him
@1demo1Ай 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.
@rondewitt6238Ай 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!
@1demo1Ай 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.
@1demo1Ай 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
@1demo1Ай бұрын
@@rondewitt62383 years and 24 k subscribers. 😅 Methinks only your childish naivety could find this insightful. 😅
@rondewitt6238Ай 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.
@ThinkTalkListenАй бұрын
Chinese traitor?
@lance8080Ай бұрын
🇨🇳
@syjiangАй бұрын
Uhhh. The real traitor is those that imported foreign ideology like communism into China.