Understanding China's Low Economic Bar in 2024

Рет қаралды 13,294

2 ай бұрын

China Beige Book CEO Leland Miller explains why China's recent economic struggles are not quite as bad as advertised and why the country's reported crackdown on foreign-made semiconductors doesn't close the door on investment from abroad. Leland speaks with Tom Keene and Damian Sassower on Bloomberg Radio.
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Пікірлер: 94

@sunnyhill3000 2 ай бұрын

I was once a big fan of Bloomberg. Until my trip to China few months ago, I found out everything is different from what they have said. Feel really disappointed on Bloomberg

@iamsheep 2 ай бұрын

As someone from China, the last few years reporting on China has just been amazing to witness. I recommend everyone go there for a holiday and see for themselves.

@ziyueliu3970 Ай бұрын

you are some few found out the truth,most of the Americans still been fooled by their false medias.

@amunra5330 Ай бұрын

I hear you! I visited China in twice in the past 8 months and NOTHING what Bloomberg is shrilling about is happening in China. Never going to trust western media again.

@johnmiller7310 2 ай бұрын

I thought China was collapsing. Why is the West so threatened by a Country that’s going to collapse at any moment. 😂

@Otter-Destruction 2 ай бұрын

because it's going to make the 35000 Chinese crossing the southern border look like a picnic

@user-et1vi6jo3w 2 ай бұрын

@@Otter-Destruction 그래서 중국이 아프리카보다 못살았던 수십년전에 그렇게 됬나요?🤣🤣

@Otter-Destruction 2 ай бұрын

@@user-et1vi6jo3w yes 🤣

@luciddoggo5094 2 ай бұрын

@@user-et1vi6jo3w no because china was so poor becauase of mao communism that they killed 80 million china men. Now chinese people can afford plane tickets which is why theyre fleeing so much

@davidwong325 2 ай бұрын

@@Otter-Destruction 我们还有很多经济犯罪都给你们送过来吧

@sydca5365 2 ай бұрын

America has lost its sanity, a day couldn't pass without talking about China.

@ArabicReja973 2 ай бұрын

Money goes into China but can't get out. Neither can foreign company executives.

@DW-op7ly 2 ай бұрын

You still won’t be able to afford a home in Canada Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world

@brianlee6260 2 ай бұрын

Another Indian who cares about China

@iamsheep 2 ай бұрын

"Money goes into China"...what you mean USD? And how does China spend USD in China? I guess you're only lying to morons eh?

@davidwong325 2 ай бұрын

u r the foreign company executives？

@paulzhang1310 2 ай бұрын

ArabicReja973 ... that's india

@NirajKumar-wb5hg 2 ай бұрын

West fear as china going to surpass them soon in everyfield 😂

@kaimingraymondchoi9909 2 ай бұрын

Leland is one of the very few executives from the West that understands China and speaks fairly about China's situation.

@brand8590 2 ай бұрын

The minor pickup in the Chinese economy they talk about was merely the broad Chinese holiday season but even then, while travel was up, consumer spending was down. China is crashing and hiding it under enormous debt.

@DW-op7ly 2 ай бұрын

Chinese Government maybe cracking down on real estate and speculation (Better than 70% of the people in their urban real estate markets buying their 4th or 5th home right about now. As a few hundred million rural migrants still expected to head to the cities can’t find affordable housing) But their people are still adding about 2.6 trillion a year to their savings even with a crackdown Without investment options like real estate Their Government is pushing their people to invest into the critical technologies of the future instead Critical Technologies of the future where China already leads the world in 37 of 44 of them So they will pile even more money into these industries and supercharge them even more Yellen and her successors are going to have to keep going to China and beg China not to dump their new high tech products at cheap prices on the world

@71Hamed 2 ай бұрын

Gdp growth 5.3% USA is about 2.5%. Guess who is doing well and who ain't. PS the other guy does like to talk a lot though.

@DW-op7ly 2 ай бұрын

even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 But with no other viable investment options left these days Their Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 - Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts

@DW-op7ly 2 ай бұрын

This is how you know you are being lied to by American Mainstream Media (MSM) Well you already know you are being lied to about anything else. You just believe what ever MSM tell you about China. That Chinese debt is mostly Internal debt Where they have little external debt about 2.4 trillion Notice how when they do the China vs US debt comparisons they leave out the US internal debt? But lump in all Chinese debt If they were to include US internal debt with that 👉 34 trillion US external sovereign debt figure you always hear about Then they would be telling you the USA is over 500 trillion in debt As you would have 3 trillion in Local and State debt Non Financial Corporate debt 11 trillion Personal/Household debt of 17.5 trillion Corporate debt securities 23 trillion SS liability 26 trillion Medicare Liability 40 trillion TooBigTooFail Investment banks Derivatives Bets (notational value) 200 trillion Unfunded Liabilities 212 trillion

@brand8590 2 ай бұрын

@@71Hamed Forgive me for smiling. It's rare I come across such naivete as yours. America's financial statements like Europe's have hundreds to thousands of independent NGO's to confirm it. China's financial statements have none and are considered purely political. China's GDP? Pick a number. lol

@badbadbadcat 2 ай бұрын

The same guys say China is a paper tiger and after 2 minutes would say China is a threat, then they'd say China is going to collapse and after 2 minutes they'd say China's growth must be stopped. The great American paranoia lol

@thesheepthemightythecrazy 2 ай бұрын

Just whatever lie is needed for the moment.

@AhmetTekin101 2 ай бұрын

Seriously, to gain some confidence back from investors, the Chinese government needs to *stop its lies.*

@DW-op7ly 2 ай бұрын

@AhmetTekin101 2 ай бұрын

@@DW-op7ly

@DW-op7ly 2 ай бұрын

We don’t need cry baby immigrants like you in Canada Oil beneath your feet is the only thing that saved you Low IQ means you will go nowhere except get outcompeted

@paulzhang1310 2 ай бұрын

@@AhmetTekin101 indians all over the internet bashing china modi needs new gdp calculation to prop up india gdp number .... Indian Call-Center Plot Fooled Americans Into Paying Over $14 Million

@JimmyDoyel-by2cp 2 ай бұрын

China has 10 years plan, American plan last a quarter....

@manishdhawan551 2 ай бұрын

China stayed as the second top merchandise importer in 2023 with a share of 10.6 percent, basically the same with the level in 2022, the ministry said

@CarlZha 2 ай бұрын

China's low economic bar is still twice the growth rate of the US economy

@Ttui89. 2 ай бұрын

Yet, chinese are desperately illegally immigrating to the us. Lol

@lominiski 2 ай бұрын

Hahaha.....going to Mandarin in Hong Kong and the Peace Hotel in Shanghai and in becoming a China expert. Live there as a local to see. Speak the language. How would someone be a American expert?.....live in motel6?

@zapfanzapfan 2 ай бұрын

They want investment but outlawed due diligence, yeah, that is encouraging...

@lastChang 2 ай бұрын

In 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced. - So this year, they will just publish a 5% growth regardless of their economy.

@Placid_Cat 2 ай бұрын

get a job

@DW-op7ly 2 ай бұрын

@djdhixheb9941 2 ай бұрын

@@Placid_Cat he can't he is a bot

@Ttui89. 2 ай бұрын

@@Placid_Cat can u debunk his facts?

@badbadbadcat 2 ай бұрын

@@Ttui89. Asking average civilians to counter CIA cooked up copy paste novels? And where exactly is the "fact"? How did he prove that the Chinese economy is shrinking? My my, lying to oneself and remaining delusional is one hell of an American art

@user-em5wy8zx7o 2 ай бұрын

Even if there will be a slight recession, etc. then it is not a sign of the collapse of the China economy, but a normal way of the market correcting prices in China. The way the market corrects the behavior of the rulers in China (e.g. for borrowing, constructing too much), etc. Similar things happen in other countries, including USA. Eventually, once prices have been corrected to a fair price according to the market mechanism, then market conditions will eventually return to normal. Why? Because that's how the market works. Why? Because the citizens of China and any other country, will eventually keep spending (consumption), and consumption anywhere in the world represents about 50% of GDP.

@mingming7696 Ай бұрын

see what they do, not what they say. true for US an the west as well.

@MrLemonAsus 2 ай бұрын

I don't need items made in china

@ronniedizon3349 2 ай бұрын

chinese products are very frail. you are just wasting your money if you buy their products.

@DW-op7ly 2 ай бұрын

@oka2046 2 ай бұрын

Fine, there are 1.4b Chinese will buy the stuff you don’t want. Nobody cares about you.

@marionplaza4240 2 ай бұрын

You wish 😂😂😂.

@sbob1041 2 ай бұрын

China is growing by expanding their economy. The US is expanding by printing money.

@xiphoid2011 2 ай бұрын

Chinese government printed more money than the US. So...

@Ttui89. 2 ай бұрын

China printed more money than usa

@dachochiyo3992 2 ай бұрын

China China China everyday China.... get a life?

@bin.s.s. 2 ай бұрын

Saying anything bad about China gets much more attention than about other bad guys, and hence gets the real money.

@jon_nomad 2 ай бұрын

There is money to be made in China bashing. $1.5 billion over 5 years allocated for countering China in the perspective/publicity realm..... remember?

@Zero-hz6ii 2 ай бұрын

Where does India and Germany stand with China?

@jameslaster1723 28 күн бұрын

Hmmmmmm

@edward_lee 2 ай бұрын

Lots of wolf warriors in the chat on a platform banned by the CCP.

@DW-op7ly 2 ай бұрын

@kelvinzhang2108 2 ай бұрын

Roach suck my dick, you sorry ass expelled outta ya home LOL

@DK-yz9xk 2 ай бұрын

Low economic bar ???😂😂😂

@Gingermarie745 2 ай бұрын

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@jameslaster1723 28 күн бұрын

Booooo