The SHOCKING Truth about China's Economic Crisis..

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Western media reports that China's economy is crashing, and that this will be the end for the country... is that true?
Let me know your thoughts in the comments below.
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[@ViolentCabbage-ym7ko]

If I have a dollar for every person saying China's economy is crashing, I'd be a millionaire. 🤣

[@Anonymous------]

If I got one penny for every troll remark that smears China, I'd be a happy billionaire by now. 😂

[@joyceching6487]

🤣🤣🤣 🤣🤣🤣 🤣🤣🤣 ... 😅

[@etbuch4873]

That's exactly how Gordon Chang made his fortune -- by selling lies for over 2 decades as of now, still, with all his books about Coming Collapse of China. 🤣🤣🤣🤣🤣

[@Anonymous------]

@@etbuch4873 I suspect Gordon Chang actually works for China, to keep American people sleeping while China is zooming ahead of USA. 😁

[@winfredcoorengel7203]

And he's still introduced by the media as a "China expert " 😂😂😂​@etbuch4873

[@JMKeynes8491]

One constantly reads these stories of China's economic demise in the English language media. A quick look at the March 2024 figures of GDP growth reveals that China's growth is 4.7%, much higher than the Anglosphere countries: the US 2.9%, UK 0.3%, Canada 0.5%, Australia 1.1% and New Zealand 0.2%. Needless to say, GDP growth is the most used figure when assessing a country's economic health.

[@JasonVu-h7t]

Chinese Premier Li Keqiang said China still had 600 million people whose monthly income was barely 1,000 yuan ($154). He said that was not enough to rent a room in a city. Because he said this publicly, he was pushed out as second in command in China. He died at age 68 or 2 years after being pushed out of the CCP's Politburo because he released the true statistic that 600 million Chinese lived in extreme poverty. That is almost double the population of the entire USA that has only 330 million people. Many people in China believe he was executed by the CCP by Xi's order. Do you really believe in any statistics from China. No one in the real world does. BEIJING (Reuters) - China's GDP figures are "man-made" and therefore unreliable, the man who is expected to be the country's next head of government said in 2007, according to U.S. diplomatic cables released by WikiLeaks. Li Keqiang, head of the Communist Party in northeastern Liaoning province at the time, was unusually candid in his assessment of local economic data at a dinner with then-U.S. Ambassador to China Clark Randt, according to a confidential memo sent after the meeting and published on the WikiLeaks website. The U.S. cable reported that Li, who is now a vice premier, focused on just three data points to evaluate Liaoning's economy: electricity consumption, rail cargo volume and bank lending. "By looking at these three figures, Li said he can measure with relative accuracy the speed of economic growth. All other figures, especially GDP statistics, are 'for reference only,' he said smiling," the cable added. Chinese economic numbers, especially at the provincial level and lower, have long been viewed with suspicion by analysts. "That China's GDP is not reliable, especially for local GDP, that is nothing new," said an economist with a foreign bank who requested anonymity because of the sensitivity of discussing top national leaders. "Some of the volume data, such as power and rail freight and even (bank) credit, are interesting because there is less incentive to massage them at the local level. But they reveal only part of the truth, not the entire truth," he said.

[@dogsand77]

@@JasonVu-h7t no one in the real world believe anything the usa says at all. Remember the weapons of mass destruction in iraq????

[@iroker]

@@norfolkman5749 The IMF forecast UK GDP growth of 0.7% in 2024, up from 0.5% previously. But all this growth is in one financial sector the F.I.RE. finance, insurance and real estate sector. In contast Chinas growth is based in the real economy not the rent seeking sectors.

[@JMKeynes8491]

@@norfolkman5749 UK GDP growth has NEVER been 11%. Just google GDP growth 2024 and have a look...it's not difficult.

[@joshhhh8858]

@@JasonVu-h7t The 600 million people include students, retired elder people, household wife and so on. Educate yourself before you make a comment next time.

[@trevornorman7563]

my niece bought her restaurant in Guangzhou just before covid hit i will admit i am from the uk but along with the rest of her family helped out over that over that bad time. Trade had been that good since everything opened up again she has already paid back the money i sent her which i told her not to do as she is family. i told all i wanted back was a free meal with family when i get back to see everyone

[@joyceching6487]

YOU ARE A GOOD UNCLE 👍 ... A TRUE Relative WORTH HAVING. 😊

[@cheungchingtong]

One of my entities invested 6 mils RMB into a bar & restaurant in Shenzhen right before covid, took us two and a half years to gain the cost back, one year longer than expected, tough time it was indeed, but now is quite as good as usual.

[@etow8034]

China was opened nationally in June 2020 just 2-3 months after COVID hit the country while Europe and the West was still ineffectively dealing with COVID till the end of 2022 ! The west media keeps harping why China was closed to foreigners is because western countries were not able to to effectively deal with COVID and they don't want foreigners coming into the country to reinfect the Chinese population. Even today China is still closed by limiting the number of oversea flights into the country from over 200 flights/week to around 20-30 flights/week. The "visa free" scheme is basically an attempt to help the tourists industry and local businesses while still maintaining and limiting the amount of foreigners from entering !

[@trevornorman7563]

@@joyceching6487 does not matter if a good uncle or bad uncle she is family and know the family would have done the same if needed for me and my wife

[@Donalddavies-gc9rb]

Have yall caught wind of monicamary strigle? word is, she executed a successful short position on the Chinese Index, yielding an impressive 185%gain 2months ago, before china-stocks reversed course to rise.

[@karenwilliams9653]

Really? Shorting the Chinese Index is a bold move, especially with the complexities of that market. What trading strategies did she employ to achieve such substantial gains?

[@TonyRiley-qb7sw]

I heard about monica via Reuters. Her approach involved an in-depth analysis of economic indicators, meticulous tracking of global trends, and identifying vulnerabilities in the Chinese market. She strategically executed short positions to capitalize on the anticipated downturn.

[@SamanthaSanchez-sj5el]

Impressive, but shorting comes with its own set of risks. Did she share any insights on risk management or how she navigated the challenges?

[@Donalddavies-gc9rb]

Absolutely. Strigle emphasized diversification within her portfolio and maintaining constant vigilance over market conditions and stayed attuned to geopolitical developments that could impact the chinese market.

[@karenwilliams9653]

Smart risk mitigation. It's crucial to stay informed and adapt strategies. Do you know if she plans to share more insights or if this was a one-time play?

[@LW78321]

The West honestly just needs to focus on improving themselves instead of being so obsessed with bringing China down

[@chenmacro]

The thing is that if China goes down, West will be super again. But if China keeps growing so quickly, she will make the West to be tier 2 😂

[@aroonsubway2079]

China hopes to achieve a win-win situation. But the west prefers a zero-sum game.

[@ianrichardmorrissey6082]

@@chenmacro The west is sabotaging itself and if either Kamala or Trump gets elected it will spiral faster.

[@albertcadgame8314]

The US can't even bring down Russia using containment. Russia economy today is still growing strong even with illegal sanctions.

[@Hongsebaoshi]

They're going to keep saying it for the next 30 years too

[@honeykhan914]

But they will be collapse before.

[@Anonymous------]

They will keep saying it when they themselves are bankrupt and become homeless. 😂

[@Hongsebaoshi]

@@Anonymous------ No need to Their brains are already bankrupt out of knowledge

[@rogerfaint499]

Some said for an eternity as China will be the top country for an eternity . . . from now onwards.

[@hoangngoc2905]

Yes but 10 years ago it was ridiculous to say, but today it might have some ground. It may not be crashing but is definitely slowing down harder than expected. Remember that China's gdp percapita is still not high, not enough to be classified as a high income country (must be above $ 14000), so a 4.7% GDP growth rate for China is considered concerning, while a 2.8% for America is considered decent.

[@asiaokruszek]

Thanks. It is interesting to watch your reports from and about China. In my opinion the real rise of Asia's economic power is only just beginning as many of "100M +" countries continue to grow swiftly.

[@chriswong3204]

Well said and presented video 😊

[@shiulai5804]

You are right. With automation and transition away from labor Imtensive industries, China will not need the number of workers it does now to keep the production volume. I would like to add another point that is absent from the discussion among the "shrinking population" alarmists . And that is the mitigating effect of the size of the CURRENT Chinese population , and the concurrent size of the WORKING AGE population. (16-64) . The size of working age population matters when we discuss productivity One estimate from a Canadian think tank, published in January 2022, had the working age population at more than 800 millions in 2040 800 million is more than two and a half times than the TOTAL population of the home country of Gordon Chang, America. Has America or Britain ever needed an 800 million population to become the richest nations in the world? Why the fixation on the Chinese population shrinkage?

[@eskapadela]

The New Silk Road, in which China is the fundamental foundation, is a series of routes interconnected with the BRICS in the development and trade of new technologies and other goods between the East, Middle East, Africa, Europe, America and the rest of the world .

[@shiwang8989]

Chinese economy is slowing down, not collapse. China is in transition from low end to high end manufacturing. She has no other choices if China want to boast her personal income from currently $12K USD to like $20K USD/annually.

[@siuchen7140]

Very good say ❤peace

[@MASMIWA]

The west is in recession. China's GDP forecast is for 5% growth in 2024, the EU 0.2% and the US 2.5%. The first half of Chinese exports show a growth of 8%. All these indicators say that China is still growing albeit it currently has a housing problem. Too many homes empty because the purchasing of homes went to zero in an instant. Some people who lost their jobs, cannot pay for the mortgages and just walked away, no different than the US in 2008 and probably this year and next in the US as stores and businesses close for lack of business. US growth hinges on federal spending and more debt. Consumers have maxed out their credit cards and struggling to stay afloat.

[@shambalkaran9258]

China exports progress peacefully while the US exports weapons and destruction

[@frankyeo8931]

A genuine report right there on the spot

[@BatCountryAdventures]

When you judge a fish by how well it flies then of course it would look like a failure. All the Western Press are too focused on their normal ways to gauge an economy - GDP, housing price, consumption. And they are all measured in USD! So what happened when everything is half the price of US and Europe? How could the West then accurately measure the real economic activities that happens within China? The same 10 bottles of coke could be sold in US and in China but the monetary value exchanged in China would be 1/3 of that in US. So... Are the Chinese really consuming less? So what happens when you apply the same to everything? Is China really struggling or have they became so good at producing and delivering to the point that it's creating this mirage that even The West honestly couldn't see through? House prices is a reflection of scarcity. The less there are and the more people are fighting over for them the higher the price. And the West would sees this as a plus for their economy. And when China deflated its housing bubble (before it's bad enough to do irreversible damage), The West sees that as a bad thing. So the first time I visited China (in earnest) was 15 years ago. All the stores in the street had their lights turn off but their doors were open. I walked into one and asked if they are open and why the lights are off and the cashier was pretty bewildered: "Erm... Because it's daytime and there is light from the sun". That rely has helped me understand the Real China ever since. Stop assuming or judge based on perceptions. Take time to look at what they are doing and what's happening then work out for their reasoning for it.

[@Anonymous------]

Well said! The GDPs in the west are super inflated, lawyers can charge whatever they like, even a million dollars for a lawsuit case, but in China the lawyer fees are set and regulated by the government, usually equivalent to just a few hundred US$. Another thing is the currency exchange rates that make the Chinese yuan at a much lower value than the currencies of the west., the only good thing about this for China is western countries rather buy things made in Chuna than to make themselves.

[@shyviking]

"So what happened when everything is half the price of US and Europe?". You measure in PPP, to account for that.

[@eskapadela]

The New Silk Road, in which China is the fundamental foundation, is a series of routes interconnected with the BRICS in the development and trade of new technologies and other goods between the East, Middle East, Africa, Europe, America and the rest of the world .

[@Anonymous------]

@@eskapadela But leave India out because it does not collaborate with other BRICS members other than receiving oil from Russia.

[@BatCountryAdventures]

@@shyviking Yeah... Exactly... And guess who sits at the top of PPP, beating US? This is never mentioned by any news outlets just other figures that are suppose to indicate how bad China is supposed to be doing.

[@sanjayasudarsono1603]

The only thing western media can do is only day dreaming the collapsing china...😂

[@YOLO-Wild_Child]

你们没发现你们的物价这两年涨得很厉害吗？你可以让博主去看一下中国的物价就知道了。美国负债累累他需要加息来维持，看他能坚持多久

[@mrfoo5827]

Trying to discredit China...many don't believe what he said

[@garethl738]

2:48 - yes China is facing steep demographic decline. But Japan & S Korea & Taiwan are all facing the same steep decline. That’s not the end of the world. It’s just a problem that calls for a certain type of macroeconomic solution. China can:- 1. increase immigration (which China is poor at doing because it’s difficult to learn Chinese and/or integrate into Chinese culture and lifestyle); or 2. Increase productivity through AI, robotics, automation, etc - which Japan, S Korea & Taiwan have done; or 3. Outsource its manufacturing to third countries with a young highly skilled population (Vietnam, Thailand, Malaysia, Mexico etc) so that you incorporate that young workforce as part of your own production. This is also S Korea and Japan have done. So a sharp demographic decline is not necessarily fatal, as long as China avails itself of the same solutions (options 2 & 3) as what Japan and S Korea have done before it. This is not rocket science. Japan & S Korea have done it before… no reason why China would fail in diversifying this risk when there are clear precedents.

[@Brisamars-q1c]

It may not have collapsed but it has slowed down dramatically. That’s for sure.

[@eman67rp]

No reasonably thinking person believes this.

[@tengchen4124]

wonderful work 🎉🎉🎉🎉

[@Andy-P]

Western media covers all spectrum of opinions. The ones I follow do not see a collapse but a slow down. There are many headwinds. China suffers from lack of domestic demand. Even chinese academics now say that. If that is changed and china consumed more of what it made then many problems would alleviated.

[@Anonymous------]

There are always some rainy days in between long sunny days, it's natural.

[@Andy-P]

@serriajohn That's the plan.

[@YongLi-np3wg]

You got one thing wrong. Most "Chinese academia" were educated in western systems. If you can hear their voice on western media, means they arw just echoing what their teachers say. These acadamia are treated like jokers by Chinese netizens. We even have a nickname for them "Strategic Deception Unit of CPC".

[@nvt6781]

Great video! I'm not sure what to believe anymore. I live in a border town between Texas and Mexico, and lately, I've seen an influx of illegal immigrants from China-thousands of them. My church has organized food tours to assist these individuals, and many of them have heartbreaking stories. Some are recent graduates who can't find jobs, while others are middle-class professionals who got layoffs. They said lives in China are intolerable and that why they risk their lives to escape…

[@starnight1209]

These people want you to help, it intolerable is to win your support. l went there from 2009--2020, life is the same, difficult to find a job but not staving.

[@JohnDoe-tw8es]

My friend and his wife got back from China a few weeks ago. They used to live in Beijing now they live in Vancouver . They said things were not good there. A lot of shops closed and numerous homeless people. Am sure it is not going to collapse but it has certainly taken a downturn.

[@devinfraserashpole4753]

Things aren't good anywhere these days.

[@JohnDoe-tw8es]

@@devinfraserashpole4753 Agree

[@johntse8655]

ignorant people always compare apples and orange, think about it, equal amount of USD1000 vs yuan 5000, which can buy more stuff, food and services, it is not just amount or numbers but the purchasing power of the currency, with high inflation and cost, even a lot of money do not go a long way, in a low cost low inflation economy, a little money goes a long way, so the quality of life actually is better due to ability to afford more stuff and services.

[@hirokumasaka7171]

Great idea to record the video at sunset. That way, when it gets dark, you don't see the darkness but the colourful lights of China. So the message is clear. I suggest the opposite: recording the video at sunrise. Congratulations from Brazil.

[@martinchristianaguilar5135]

What the West Really means is Their Economic Relationship in 🇨🇳. Not the Economy of 🇨🇳

[@hehe-mq2bk]

ngl this is actually my favorite environment. cuty life that's dim, gloomy, and slightly rainy. perfect for some coffee

[@GameChanger-cr4hx]

Smart young man with an open mind.

[@liamporter1137]

Thanks for sharing and surfacing the truth. 👏👍

[@zhangruyi3153]

Thank you Harvey . . . bad people will say your are paid by the Chinese government to lie for them. I know you are not. It is just the goodness inside you which makes you speak the truth and may God bless and protect you always.

[@Elephant_King_Gj]

He’s an extremely biased China fanboy and has no crystal ball. Every country has it’s times of ups and downs, especially in the modern age.

[@winglatos]

Welcome to GZ!

[@aldridge9886]

高血压VS低血糖

[@ravindramorey5433]

Such a pish mall. But where are the customers?

[@Anonymous------]

Which nation is doing better economically? China is opening more big shopping malls while the USA is shutting malls and stores. 😂

[@yunko9369]

It all depends on the hour and the day of the week. That mall will be full of people over the weekend. Sometimes, it takes more than half an hour just for waiting to the parking garage.

[@twentyofseven]

shill

[@twentyofseven]

major shill

[@tc-red9000]

obviously you are one never been to China nor understand the livelihood of Chinese people.

[@timothychung4811]

Kindergarten math for everyone. If China's population is over 1.4 billion and only 800 million are lifted out of poverty, WHAT IS THE REMAINING POPULATION THAT REQUIRES HELP? The big clue is this, IT IS ALMOST TWICE THE USA's POPULATION.

[@yongdeng1813]

No idi..ot, the remaining of the population arent in proverty, they are middle class or better, never thought about that huh?? Dum dum?!🙄

[@horridohobbies]

This is why China is still a *developing* country. It will take another decade or two to lift up the remaining 600 million people into the middle class. At any rate, China's economy is very large and powerful. In a stunningly short period of time, China will overtake the USA as the world's most powerful economy.

[@christianklima1140]

They have lifted everyone out of the poverty metric which totalled to 800 million. The rest were already above the poverty definition.

[@naivoj122]

Simple kindergarten logic here. Not all 1.4 million is in poverty.

[@tc-red9000]

yes, yes, China still has lots of people living below poverty line, please help!?

[@DavidGreenwood-nu6dd]

Rubbish.

[@twentyofseven]

shill

[@christianklima1140]

You sounded very intelligent 😂

[@satanbuster8248]

It must be you, real rubbish.

[@JMKeynes8491]

@@christianklima1140 Yes, its amazing what the British intelligentsia are capable of.

[@williamliew1257]

you mean your intelligence?😂❤