Why You Should Be Worried About China's Debt Crisis | Economics Explained

China's debt crisis is worse than anyone thought. Here's why.
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#China #Debt #Economics
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The Economic Explained team uses Statista for conducting our research. Check out their KZbin channel: / @statistaofficial
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[@EconomicsExplained]

Special thanks to Public for making this video possible. ❤️ 📈 Get up to $70 in free stock! ➡️ public.com/EconomicsExplained

[@mframedeye37]

EE, can you do a video on organisations or regions such as East African Federation etc.

[@link12313]

The thumbnail has a typo. It should say built not build.

[@jegerslvjegers5380]

Over the top protectionism? EU increased tax on non-EU imports from internet shops. Now even a few cent products will be taxed (before under 22€ was tax free, no need to enforce procedures regarding paying the tax).

[@trentclark2061]

Can you provide a little more info about the 'up to' $70 in free stock and fund with 'as little' as $1 I couldn't find and detailed info on the link. Thanks :)

[@redhidinghood9337]

The thumbnail, shouldn't it be 'built' not 'build'?

[@Rawdiswar]

Is it just me, or is the entire global economy basically a house of cards?

[@solaroid4442]

It's a giant ponzi.

[@l-y-d-s]

It is. Value is created by speculation on future profits. The entire economic system is built on having endless growth on a planet with finite resources.

[@bee5440]

And therein lies the root issue of capitalism

[@solaroid4442]

@@bee5440 Governments coercing big corpos to do their bidding, giving them free money while legislating their small competition out of the market is somehow capitalism's fault.

[@danklegosi6084]

@UCx9OE9wFJsBp8xL3ThEqSrA it's not capitalism it's globalism. And the U.S. economy isn't even capitalism it's a free market,so f off

[@JosephSheu86]

This video aged really well, with Evergrande's news recently

[@wizard7314]

Yep, that's what brought me here.

[@joneywins]

What happened? (Excuse my ignorance)

[@kaiwenyang2866]

Lots of information is not even close to truth...

[@FredrikHaugen]

@@joneywins Evergrande is China's second-largest real estate developer and it's drowning in debt. If it doesn't pay its obligations within this month it could go bankrupt. Most problably take a lot of other real estate developers with them. Millions of Chinese would loose their investment. It would make any other economic depression look like a stroll in comparison.

[@senorblancosenorblanco]

@@FredrikHaugen "Lose"

[@hibudy]

I am shocked that how accurate you were , every details from social to politics to economy now has turned out to be correct in hindsight. I was already subbed but now i will watch your videos regularly. ❤

[@taxol2]

Great video! Actually published before Property problems in China, especially Evergrande. One child policy that was implemented in China for decades now heavily burdens China as well. If you don’t get married and your parents are old, you need to support 3 people in Asian culture (yourself and 2 parents). If you get married and have a child, then 2 adults have to support up to 7 people (the 2 adult themselves, a child, 2 parents and 2 inlaws). That’s a huge drain of time and resources!

[@dagfinissocool]

I have a question about the on child policy that would require too much research.. Do you know if the population of China has decreased in the last decade? As people have died and only one child from each set of parents get to live.

[@albertohernandez3487]

@@dagfinissocool I Believe that is a problem but also the male/female ratio as the last time I heard it was like 8/1 I only heard this so some research is required

[@JohnJohn-bf7lh]

@@dagfinissocool the one child policy started in about 40 years ago, and china’s population doubled during the period.

[@dagfinissocool]

@@JohnJohn-bf7lh I just checked my own country and the population hasn't even close to doubled in the last 40 years. I feel like China has been lying to us..

[@caitiff52]

@@albertohernandez3487 That ratio is only in the major industrial cities like Beijing and Shanghai, or maybe Guangdong. Its because more males leave home to work in the major cities than females. The actual ratio for the country is more like 51:49, but that 2% swing represents 37 million more males than females.

[@Quickonomics]

If _lying flat_ is considered a form of protest, I have been a peaceful rebel for most of my life, for at least about 18h a day. :D

[@domphilbrick]

Wait… 18 hours? You test mattresses for a living? 😂

[@pauln6803]

So less of a Black Panther party activist as a lazy tabby cat protest?

[@domphilbrick]

@@TheFalseShepphard They’re dying to make a difference

[@yipwinghei]

@UpNorth lying flat statue?

[@frankartanis1290]

Lying flat is not being lazy though. The main idea is more like minimalist for life: the society sucks, I'm just gonna hang in there, but nothing more. Some people are putting more effort into Lying flat. One guy (the same guy who really popularized the idea of Lying flat) developed a system to nurture Chlorella in water as his food source, and claims that "I will never starve as long as there's sunlight". What did he do? He calculated that the nutrition (excluding sugar) to sustain one human for 1 day needs to come from one 2L bottle of Chlorella, which takes 4 days to nurture. In order to keep up with consumption, you need to nurture more than 4 bottles simultaneously (he was gonna prepare 8). Problem is, by the time when you have consumed the first 4 bottles, other bacteria in the water have also reproduced to the point that the Chlorella water is not potable in the other bottles despite the fact that he has preemptively disinfected the chlorella. Therefore, you need to speed up the production. By his calculation, every bottle needs to receive at least 20hr of sunlight per day. So he installed: 1x 50W LED fill light, 1x smart switch with programmable timer, 4m^2 of reflective plastic film, 1x aeration fan, 1x aquarium air pump, 1x thermometer. All these allow him to lie flat. Here's a video: kzbin.info/www/bejne/f3bVamaui9qNqbM

[@nathancloete9932]

Australians should be the most worried considering how much of their economy is built on exporting to China especially raw materials.

[@andriod8014]

No need, they got the US who would buy up Australia exports.

[@rreinehr1]

Yes, no, kinda. June ‘21 monthly stats were total exports $41B ($19B from China), imports $28B ($7B from China) and a $13B monthly surplus. China goes we’re bugged short term but it won’t be the end of the economy. We’re taking steps to diversify as quickly as we can and leave the ball in their court. Terms are now cash and carry…

[@nathancloete9932]

@@andriod8014 The US already has all the natural resources that Australia produces.

[@jackkelly6890]

@@nathancloete9932 Yes but it's cheaper to get it from Australia. The UK has a ton of coal still but we import from Aussie land because it's cheaper

[@nathancloete9932]

@@rreinehr1 What percentage of total exports per year goes to China? About 36% according the last full year stat I can find. That's not even taking into account the Services Industry. How much Chinese money is invested in services e.g. Chinese students at Australian Universities, Tourism, Banking, Insurance??? If China tanks it's taking Australia with it.

[@henrikjx]

Hey! We haven’t seen any new content in a while. I need my explained fix regularly you know. Keep ‘‘em coming!

[@torokun]

Always interesting to find a level headed video about an issue before things really blow up.

[@bassemb]

I would love to see you cover Lebanon's ongoing economic collapse. Our currency is now 5% its value. My painstaking savings, worthless.

[@colatf2]

Lebanon pulled a Venezuela? I didn't know about that, wow. I'm sorry to hear that

[@Jan_Iedema]

I know it must sound meaningless coming from some lad over in Europe but I hope you manage to recover. I’m sorry

[@bassemb]

​@@colatf2 Yup. Lebanon continues to hustle for those infamous records. Top 5 largest explosions, top 5 most expensive telecom, top 5 hardest economic collapse... stuff like that. Right now we have electricity about 2 hours every day. Fuel shortages mean people are queueing up for 3+ hours to refuel their cars, if they're lucky. Hospitals are short on essential supplies, like vaccines for children. Fuel & electricity crisis means some medical centers are having to shut their doors and ditch patients that will die without respirators or life support. On and on.

[@paul6925]

That sounds horrible. Heard a little bit about it after that awful port explosion. Hope things get better for you. Most of what I know about Lebanon is from being keen on archaeology and pre-history.

[@glorioustigereye]

At least you aren’t Gaia online, now that is an economic crash. Fight on man.

[@katwaugh1686]

Yep. Well said. I live in China. Old people are essentially extremely low paid workers who work very hard. I doubt the younger generation would take on those roles

[@brianyang5075]

I’ve visited China a few times, the wealth equality is so extreme from an outside perspective. The poorer families or middle class is limited to 1 child while paying rent. On the other hand rich families with government connections have 3 or more children driving BMW.

[@bign3ck]

A few punches to the face and they'll do anything.

[@BigVic13]

@@brianyang5075 We see this inequality in over 70% of the countries in the world.

[@kaimanyu586]

@@brianyang5075 There's is no one child policy anymore in China.. Furthermore 1 child policy only applied to Han Chinese, there are 56 ethnicity groups in China, many people from rural area's often had 2 or 3 children and they weren't rich or driving BMW's. You think paying rent is weird? Do people live for free in other nations? Looking at your name, you seem to be Chinese... How come you know nothing about China? One thing I dislike most is when Chinese spread fake news about China...

[@mayanksingh0044]

U in China on youtube........ Sure. Just continue doing this

[@FantomwithanEff]

Hey Economist! Just want to complement you on all your great work. I really enjoy the videos especially more for the right ways of thinking you promote, insted of telling viewers what to think. Kudos to you MATE!

[@mainmusik3677]

One year has passed , and turn out it's US facing economy crisis and banks collapse 😁😁😁 Fancy video editing and advanced economic verbs didnt mean the 'prediction' is valid 😁😁😁

[@jdbb3gotskills]

You’re one of my favorite channels on KZbin keep up the great work.

[@khoirulanam9141]

Evergiven: The Suez Canal incident, I burned $54 billion of the world economy!!! Evergrande: Hold my $300 billion in unpaid bills!!!

[@Xalantor]

Be careful of anything with "Ever-" in its name.

[@sanbruno6010]

PEACE PROSPERITY BONANZA FREE THINKING

[@gabrielc7861]

@@Xalantor everpainful

[@tsubadaikhan6332]

Evergiving... The humble taxpayer

[@rusdibaik1891]

Violet Evergarden…beware coz u might cry

[@finnocelestin9144]

I like how you encouraged people to verify any piece of data provided.

[@user-wb7ez9ud4p]

But let's be honest, who does that? Basically no one.

[@yeetyeet7070]

@@user-wb7ez9ud4p and the ones who do just click the first link that supports their world view

[@markovmily6950]

It's a clever way to avoid backlash over getting things wrong

[@zachmason868]

EE has had a lot of backlash for making up false conclusions on his channel before.

[@yetekt8025]

@@zachmason868 sure he has

[@felipescheuerman614]

As a brazilian, i love your accent. Feels way more comfortable to my ears than "the more used" english ;) Nice and very informative video, congrats from a new subscriber.

[@tooloptics8651]

Thank you for doing these videos. They're incredibly insightful.

[@Higjwaymousey1]

And only 3 weeks after this was published we start to see the meltdown… great work on the video!

[@darthplagueisthewise8880]

What meltdown, can you explain

[@dutchfresh3580]

@@darthplagueisthewise8880 I'm guessing Evergrande

[@nerdonword561]

That remains to be seen. I think China will power through this one like it always has. Government will bail out the financial institutions and continue pouring money into infrastructure and public projects. Once time comes to pay the piper, Chinese authorities will just remind us that capitalism is a construct and the final word in all matters is the Chinese state. That's why I think China's authoritarian retrenchment over the past few years is partly due to its structural concerns--they're preparing for any number of future calamities that are easy enough to see coming.

[@inigobantok1579]

@@nerdonword561 and they would just contributing to the housing bubble and the debt it accumulates

[@kristapszs1]

tbh, they had issues since 2020.

[@clivematthew-wilson2491]

There’s a time in every economic boom when it seems like it will go on forever. People with easy money in their pockets assume the boom will be permanent, because they’d like it to be so. Historically, it’s always around this time, when the economic bubble seems to be an unstoppable force, that it suddenly bursts, taking the dreams of its investors with it.

[@TEverettReynolds]

It happened in the 1920s in the USA, leading to the Great Depression of the 1930s... Who knows, maybe the 2020s will be China's 1920s...

[@bobs182]

@@TEverettReynolds The US housing bubble burst in 2008 leading to the Great Recession. Congress and the Federal Reserve bailed us out preventing it from being a depression.

[@ThePowerLover]

@@bobs182 That was not a Great Recession.

[@pramilashaktawat4429]

🔺SERCH ADITYA RATHORE- HE ALSO MAKES INFORMATIVE CONTENT LIKE ECONOMIC EXPLAINED

[@markusbarten455]

@@TEverettReynolds The difference is that USA did nothing to prevent or postpone the collapse and were caught flatfooted, the CCP know that their economy could implode for about a dozen reasons and they do anything to prevent that. China might be able to hold on for several decades and then face a even worse collapse. Another problem is that they focus more on keeping their growth than improving the lives of their citizens, which leads to increasing frustration in the population, which in turn causes the CCP to tighten their grip. China will become even worse long before it suffers any real setback.

[@SzymonSaysStuff]

The problem of “laying flat” is all too familiar to me, and I’m not even Chinese. When wages don’t increase but costs of living do month after month, its hard to muster motivation to work. My question is what can be done about this.

[@crillianmarvin6256]

Remove the shitty govt regulations. Listen I hate trump, but there is no denying the economy grew. Every bracket of the economical ladder saw an increase. And all he really did was slash back govt restrictions. Which Biden reinstated as it was an executive order (which I detest any president using them.)

[@SzymonSaysStuff]

@@crillianmarvin6256 bruh I'm not even american

[@crillianmarvin6256]

I am providing a solution that had visible effects. Not saying it would work for your nation. Economics is a complex beasts. Consider it a nugget to research and mull on and reach your own conclusion should you be so inclined to do so.

[@BenjaminElsworth]

It'll be pretty interesting to see what happens when leases come to end of their life.. given you hold the time remaining on a long-term lease, as opposed to title, isn't it an inherently depreciating asset, unlike usual land investments?

[@Myria83]

Good point.

[@talltroll7092]

The assumption is that the CCP will have to renew at least a majority of leases, or the economy will collapse as so much money is tied, directly or indirectly, to the real estate market. Or that's what a rational government would do. With the CCP, we'll have to wait and see

[@BenjaminElsworth]

@@talltroll7092 yeah, and it's likely a safe assumption. Wonder if there'll be a redistribution in some way, like change certain residential into commerical/industrial/etc to counter the ghost cities. It's just interesting to remove the "almost sovereignty" in the form of title, from a real estate asset.

[@rishiarora3589]

Anyone else come back after seeing Evergrande on the news?

[@zacksmith5963]

Bailed out

[@rishiarora3589]

@@zacksmith5963 has that happened? Got a link?

[@oxcgen8592]

@@zacksmith5963 the Chinese government has said they won't bail them out looks like they are gonna collapse before the Gov will do anything to improve the situation cause Evergrande executives played their political cards poorly and the CCP disapprove of them lately

[@shiroamakusa8075]

@@rishiarora3589 "Zack Smith" gets 50 yuan per China-simp post, don't expect anything.

[@onsight1318]

@@oxcgen8592 The Chinese government would have to help them, even if they like them or not.

[@wafflecopter9296]

Remember that part when the entire world relies on them to make everything? That was a pretty bad idea

[@dun0790]

On the bright side a lot of east asia is keen to fill that void if they actually could is another question

[@wafflecopter9296]

@@dun0790 countries should make their own stuff as much as possible. Shipping things across the world is very damaging to the environment

[@Esternos2891]

I always thought that was stupid. Outsourcing jobs are done mainly because companies hate creating a safe work environemnt domestically, so they use sweatshops for the cheap labor and unregulated conditions. Disregarding the morality of it all, we basically gave our economic independence away. We rely on these products coming overseas to the point the domestic industry collapsed and will never be able to remotely compete.

[@deadboltzz5199]

@@Esternos2891 Ai can easily make up for it.

[@whoisjoe5610]

@@wafflecopter9296 Ever heard of a competitive advantage? Have fun buying an iPhone made by Americans getting paid $15/hr.

[@markrenton1093]

I must say , this is very well done.

[@jontalbot1]

Same issue affected Ireland- massive debt fuelled over investment in property. There are similar issues in many other economies due to capital leaking into property from Quantitative Easing.

[@colesholly7829]

wow this video has aged like fine wine after the whole Evergrande situation

[@cynthiaedith4122]

Or cheese since it keeps getting a stronger and stronger smell making it harder to hide

[@vengefulspirit99]

After? It's still ongoing

[@SpencerGD]

They age like fine wine. EE is a master vintner of economic content.

[@madeinchina1450]

“If someone spent his entire time wishing you ill, hoping you would fail, and shorting your stock, when he makes a pronouncement or assessment, assess something, makes a judgement about your present, your future, it’s probably a fair bet that the opposite is true.” ----- Eric Xun Li

[@hf2138]

Evergrande is nothing compared to GFC Leveraged derivatives that scale like a nuclear chain reaction

[@Brianlovesrice]

Would love to see a video about how the tanking of Japan’s once booming economy affected the rest of the world

[@Lena-vw6ye]

@J Kairos Actually, they're really quite amazing. They have really good engineers and automation that allows them to see a lot of data that helps them predict the future of where industries are moving. This year they will be able to increase their GDP by almost 3.5 trillion, which means they are essentially adding an entire Germany GDP of income to their pockets. I work with manufacturers quite closely and with information platforms in Asia, they're not the only ones looking at the future. They are in the space ahead and able to jump ahead, like how America created credit cards, but China decided to go almost all digital. They are leap frogging the technology. People have been looking for the downfall of China for over 40 years, so I wouldn't be waiting anytime soon, China will probably grow long after we've all passed away.

[@performancefluid3666]

@J Kairos you are absolutely right about the education reforms... I remember when china was all about economy. That was the only thing people cared in china and still do (money and family). But the thing that happened with the education absolutely destroyed a huge part of the education industry (private education). Many private centers declared bankruptcy and closed down. Thousands and thousands of people lost their jobs (I mean Chinese people) overnight and the government will lose a lot of money it would make taxing. So now all of a sudden ccp doesn't care about money? Ccp doesn't care people lost their job? I know why they say the policy is in place but there must be something else that they are not telling...

[@zkh173]

@J Kairos I was born in Hangzhou in 1996, absolutely amazing transformation of living standard under Chinese government! I travel back and forth between Hangzhou and Toronto, Toronto is no better in terms of infrastructure. Any statement that tries to slander China's economic achievement is garbage, I witnessed it, I felt it, it's very real!

[@collinfrye9555]

@@zkh173 he didn’t slander your countries economic achievements he said your government is full of sick and twisted individuals willing to do anything it takes to achieve world domination, and with you being a Chinese citizen that gets to leave I hope you understand that there is no dispute for that. You will never have the same freedoms in China that you have anywhere else if the status quo is maintained

[@collinfrye9555]

@J Kairos I was trying to be nice and civil about it gotta go one step at a time with heavily indoctrinated people

[@JakeLikesTech]

Well the timing of YT recommending this is impeccable.

[@romin7255]

As always, great job !

[@viniciusmv7727]

I live in Porto Alegre, Brazil based on my income I'm top 12%, and a basic home costs 10 years off my income

[@haoyuguo3929]

This is good.

[@Novastar.SaberCombat]

Congratulations.

[@Ayvengo21]

What kind of home is that?

[@viniciusmv7727]

@@Ayvengo21 a 2 Room apartment that doesn't have major problems

[@Lokeso]

A clássica história do sonho americano. Tem que estar dormindo pra acreditar...

[@benwest3223]

“Lying Flat” would also be a good descriptor for the trustworthiness of the quality of those high rise apartments, both structurally and as investment securities.

[@marlonyo]

You got to admire those buildings, joining all those young people on their protest.

[@masongao4286]

nah we just couldnt afford one

[@pastasoo]

Hard to talk when we got similar condos in Florida and no public infrastructure development to speak of for decades

[@tomaszyarlett8681]

You never actually own any piece of land beneath the dwelling. The authoritarian government could just take it away from you anytime they want.

[@andro7862]

@@tomaszyarlett8681 But why would they?

[@somerandomfella]

EE you have one of the best subscriber to views ratios on YT.. not bad mate 👍

[@averagepeopleproductions7023]

I dont want to repeat mp.3 (Inserts into video) Love the videos lol

[@tyler_drdn]

When I've heard "This... is China", I thought Doug Demuro started a new channel on Economics 😀

[@blueshattrick]

"I'll look at all the pros and cons of their style of government, and finally.. give communism a Doug score"

[@tyler_drdn]

😂 agree. We need Doug Score for countries

[@Teporame]

Grandstianding is very popular.

[@shnorakalyutsun]

Quirks and features of China's debt system & real estate market

[@obamabinladen5055]

"This.... is China and today I will show you the different quirks and features of communism.....with chinese characteristics." ~ Doug

[@dragaming8083]

When two fishes in the pond are fighting an Englishman must have passed by When fishes in the pond are armed an American must have passed by When fishes in the pond have disappeared a Chinese must have passed by

[@appleslover]

When the two fishes in the pond are too drunk to swim, a German must've passed by

[@dawudsandstorm7852]

@@appleslover Maybe a Russian passed by, well actually the fish would be dead of radiation poisoning if a Russian passed by.

[@kyleterry5190]

@@dawudsandstorm7852 the fishes would have red books beside them while spouting how the tyrant bourgeoisie is taking the liberties and hard earned effort of the gentle laborer

[@j.grimes4420]

When critics of US foriegn policy disappear or die mysteriously the CIA must have passed by.

[@WhiteManOnCampus]

@@j.grimes4420 Or when critics of US foreign policy suddenly receive massive shipments of arms and start killing US citizens abroad.

[@TheJackfrost88]

Amazing descriptive Video. Thanks and sub

[@jeffxie7517]

Good explanation overall. There is one mistake that I wanna point out though: Because now the government generally provides you with a replacement unit when the old house is tear down, the price for the house paid is not "rent for 100 year" but a permanent asset at least for now before there is any policy change.

[@michaelf.2449]

If you trust them to actually do that... After 99 years I would expect they'll just take the land back and resell it.

[@weiwei1557]

@@michaelf.2449At least you got it now

[@jackdeespadas]

7:00 poking Michael Burry with a stick... "C'mon, do something"

[@mirzaahmed6589]

A drumstick?

[@thecurlyafro8496]

Who knew 3 weeks later, Evergrande is about to default with 15-20% people of China’s GDP…crash

[@ashleyashley369]

Can you think China will be replace USA or EU

[@metagde6402]

And here goes the doomer mentality of incoming china collapse again How many times is this? 6? 7? Maybe let china collapse for once before drumming and celebrating

[@aportfolio8324]

@@metagde6402 so you shill campaign continues haha working extra hard to play janitor for the CCP, are we?? Haha Wumao

[@carval51]

@N Fels cnbc and abc reporting it though . actually alot of outlet so far no bailout yet wumao

[@aflyingcowboy31]

@N Fels Evergrande hasn't been bailed out yet what are you talking about?

[@Luboman411]

At 8:28. Gotta love that NYC Chinatown stock footage in case you run out of real China stock footage. LOL. I immediately recognized that corner cause I lived only a few blocks from there. ;)

[@OhReallyNoWai]

1:35 nice to see this area... It's in Suzhou near Jinji lake. Was an expat there, even see the apartment where I lived for 4+ years in this footage. Amazing city.. Good times!

[@thedoruk6324]

So *Another* Dystopic future is on the horizon? Man the multiverse is really depresing nowadays

[@grmpEqweer]

This is perhaps both the most depressing, and dumbest timeline.

[@Drake00075]

Every problem is also an opportunity.

[@Kushagra.j]

China going down will be collectively good for all of us!

[@LLAALALA]

@@Kushagra.j you sure about that from an economic perspective?

[@GalacticNovaOverlord]

@@Kushagra.j except the U.S. is likely going to blow first. Then China. All these capitalist countries are built on houses of cards for us, and another world for them.

[@qxezwcs]

Who knew building ghost cities are not really that profitable? 😵‍💫✌️

[@zacksmith5963]

Ask spain

[@sideshowbob]

Ask the Denver & Vegas areas

[@rileygladue3979]

@@sideshowbob ask china

[@johnerdelyi48]

Sit back and watch the dominoes fall and if the ccp should fall remember you almost had it all !

[@zacksmith5963]

@@johnerdelyi48 i sm sitting bsck and watching usa fall . Ccp is kaughing as well

[@M.G.R...]

4:01 - Real Estate in China 5:39 - Speculative Asset Vs. Place to Live 11:44 - Land Lease/Rent 13:58, 14:04 - Work 14:24 - LyingFlat Protest 14:55 - Debt 15:00 - Household Debt *15:10**, **15:21** - Debt to buy Appartment* 15:41 - Govt. Help

[@Cyborg1170]

I come watch this every single day. Such a good video.

[@AC3pog]

You should do a video on the economy of yugoslavia and its ex yugo countries in the modern day Love your videos, From Bosnia and Herzegovina

[@mframedeye37]

This video would sadly be quite depressing in some aspects

[@AC3pog]

@@mframedeye37 yes but it would be cool and show some light on our modern day banana republics

[@mframedeye37]

@@AC3pog ye I would love to see more videos on southern and Eastern Europe

[@mrwolf750]

What's going on in Yugoslavia?

[@thedownwardmachine]

I second this suggestion.

[@ignisflamme1498]

Hasn't Gordon Chang been saying this in his "China Will Collapse" books for decades now...

[@kenban8533]

Gordon Chang: predicting the imminent demise of China for twenty years and counting. Eventually, he'll be right.

[@karlcarlos8516]

@@kenban8533 That's like all the people predicting the world will end. Eventually one will be right and he can call himself the messiah. Here I'll make a prediction myself. "China will collapse 1 million years from now."

[@ritwikreddy5670]

Predictions with no time limit are useless, given a million years, everything will eventually happen.

[@ritwikreddy5670]

@@karlcarlos8516 yes, exactly

[@davidwarford3087]

@@ritwikreddy5670 That is not completely fair, if you get the mechanism of the collapse correct. you can't put a time on these things, mostly because simply making the prediction effects the outcome. People screaming about how the government is going to take are freedoms and it will be like 1984 in large part are the reason they have been wrong (well up till now), they themselves were resisting the change and falsifying their own predictions.

[@jameswelsh3433]

Excellent video, my man!

[@Articulate99]

Always interesting, thank you.

[@Pinefenario]

A few weeks later we have this Evergrande thing going on….

[@ashleyashley369]

I think Evergrande lost cant impact China economic 🥲I think it make us see China politic very power and it control all business

[@v000000000000v]

@@ashleyashley369 u 'think' lol good one bot, account created Sep 12, 2021

[@xXJ4FARGAMERXx]

@@v000000000000v yo good catch!

[@Shvabicu]

@@v000000000000v just look at that grammar. Tells you all you need to know already

[@mywifesson782]

@@ashleyashley369 you are really out here simping for china in random youtube comments? CCP payed?

[@kisaragi-hiu]

Hukou is just Mandarin for household registration; imo it'd be easier to understand if you just say that China ties governmental services to the registration instead of actual residency and disallows people from moving their household registration.

[@timothydee1507]

Sounds like it enforces an apartheid system between rural and urban residents

[@wclifton968gameplaystutorials]

@@timothydee1507 that’s exactly what it is and it helps limit the freedom of movement especially considering that it was one of the first long term policies that were implemented by the communists it’s just that the Hukou system stuck around unlike other polices such as killing all the birds…

[@augustuspetrov7844]

@@timothydee1507 POV: you don’t know the definition of apartheid

[@MarkWTK]

@@augustuspetrov7844 not apartheid in the literal sense maybe segregation would be more suitable?

[@hectorzero8545]

@@augustuspetrov7844 sounds like u missed the point

[@ryankroeger3264]

that was a real bold statement you said at the end of the video.

[@TheMrFishnDucks]

Fantastic video. Keep up the good work.

[@diontalamante8317]

Definitely true, one of my former coworkers divorced her husband so they can buy another apartment. They still lived together, traveled together and raised their kids together.

[@rulromzav]

I just watched this video a month Ago when it was available. This week Evergrande crisis pops up in the global economic scenario!! Definitely good quality of information and analysis in your videos!! Highly underrated!!! Keep it up, can't wait to watch your next video.

[@Shadowsuit]

Moreover, they had 30years to get property as there were no property for 50 years if not a 109years. That property rights are someting very real jow but was not before

[@rockahbilly76]

Excellent summation. Thanks.

[@eddyaruda486]

Fantastic video! I liked and subscribed immediately.

[@MikeSpike117]

This is basically a really good example of how GDP has been used wrong and completely different from how it was intended

[@YassoKuhl]

Could you please elaborate?

[@DavidSmith-nx3zw]

The GDP that china published is simply a blatant piece of bullshit. They have being declining for a few years now they just don't admit

[@JR-vc4gm]

@@DavidSmith-nx3zw last time I heard that china should become a developed country and was hiding the actual GDP, under reporting. Whatever.😂

[@MikeSpike117]

@@DavidSmith-nx3zw to be fair whilst China is only seconded by the US as to how shut capitalism uses GDP, they have taken the most amount of people out of poverty. If we took China out of the total there would be a % increase in poverty

[@alexandredupont1966]

@@MikeSpike117 They took people out of poverty by lowering the threshold of what being "in poverty" mean. It's like moving "being fat" from 90kg to 120 kg. That's how they beat poverty.

[@ktms1188]

Back in the '80s when everyone thought the Soviet Union was unstoppable their GDP growth was off the chart. They got that growth through government subsidized infrastructure military and rail projects. It got so bad that there used to be a train that ran in circles around Moscow full of cardboard and was never offloaded. All to meet a government quota that on paper looked as though the real volumes were off the chart but in reality it was wasted resources. That is exactly like what is going on in China currently and the Miss allocation of resources to make paper growth.

[@Krasnoye158]

also like how some businesses in the US dump their own products rather than donate them just to chase profit, even though donating cost nothing.

[@karlcarlos8516]

@@Krasnoye158 Ya I do admit some parts of capitalism has this issues. Food produce being wasted and bleached (to prevent homeless people from taking it) and amazon destroying their inventory in order to maintain the supply side of supply and demand.

[@eduwino151]

@@Krasnoye158 when your currency is the world reserve currency you can pull such stunts and get away with it China does not have such a luxury

[@Drake00075]

Do note, some products, like raw milk, are dumped because it turns rotten/bad if nobody can process or store it. The places with pasteurizers and fridges aren't able to just run and donate 24/7 without bankruptcy on the horizon rn with our setup.

[@ANONYMOUS__USER__]

@@Krasnoye158 That's what happens when monopolies take over and there is only one supplier. In a normal functioning economy with open and free market competition that would never happen.

[@Ranger6483]

Prescient observation mate. 👍🏾

[@dadthelad]

Love the disclaimer!

[@user-kd5zg5ht2i]

EE is seriously driving up demand for Their videos with this posting schedule

[@tekkersmo3816]

Or the impending collapse of the global economy is driving demand for Economics Explained videos. Occam's razor. You pick.

[@absolutefocus2749]

@WorldFlex the ending should tell you all you need about this channel, it's not interested in economics but fear mongering in order to get clicks, "who will they blame when you only have 1 party" while an American flag is in the background, not only implying "this can never happen in the west as you have 1 side blaming the other until we vote" but is also making an ominous remark how China will enter into a possible war with the US over its own economic hardships. Pure fear mongering!

[@don8535]

alternative video title: "Why Don is Excited about China's Debt Crisis"

[@vijaisuraj4700]

The last statement was especially true with the closure of Samsung and other foreign companies in China. They still do not dare to point the fingers at the right person.

[@Frenchylikeshikes]

can't believe I watched the whole video. Given my 2 minutes attention span, it's pretty amazing.

[@Pablo668]

Hmmm, if the Chinese economy were to collapse, it would be very bad for my state in Aus which is heavily reliant on selling resources to China. By the same token, it would be interesting to see the % of Chinese nationals who are investing in Real Estate overseas, to avoid the bubble at home and I guess Chinese laws on Real Estate investment.

[@maxguo1162]

Hope you enjoy your freedom in WA.

[@marshallfischer3667]

It's clear to me you're Australian government has completely bent over to the CCP so good luck...

[@sircharlezz]

I'm sure AU would rebound quick, because America would definitely push to take china's place in the economy

[@thomasjuniardi3559]

China built more ghost cities all over southeast asia, look it up....if they go down, they drag down everyone with them 😬

[@Rhyghar]

Australia should diversify their economy and export and should start looking for new emerging markets like India, Mexico, Vietnam, Brazil, South Africa etc..

[@AcidAlexx]

You had me at "Why you should be worried about China"

[@sorsorsor11]

Do not worry my man, officially the world as of now had 210.000.000 cases and 4.100.000 deaths. China had....4000 cases...with 0 death...hmm.

[@pascalladal8125]

I've been watching documentaries saying how precarious the economy of China is, how bad the choice they made are, how it will backfire and hurt the world economy for at least 20 years. 20 years later, they are still catching up on developped countries. I can't believe the irony in the fact that developped countries keep bashing China, and are still not even close to do what they are doing in term of economic growth and social improvements. Western societies are basically stuck in statu quo arguing on bs like "is a mask really effective", while the only care of their governement is to get reelected..

[@yipwinghei]

@@pascalladal8125 previously due to there are new investment filling the game it is like a ponzi scheme.....when there are new comers, the scheme can still works. Most importantly, it is China government want to "kill" the rich tech giants for it's own gain via communism tricks that scares investors.

[@yourabitcringeinnitbruv431]

China sucks

[@bamahama707]

@@pascalladal8125 Not all of us are stuck on that mask BS...

[@facemaskchannel]

Comprehensive and sound analysis. Thanks.

[@Filmproplus]

You know what, I like that sentence : The kingdom built on pillars of sands. I will print it and put it in my coffee mug

[@dan203]

Shouldn’t the thumbnail say "built" not "build"?

[@dan203]

@@Weeee439 I assume so, just alerting the creator so he can fix it

[@tomlever]

@@dan203 Good lad! Should be an easy fix. 🙂👍

[@filipzet]

You do mention quite a few good points but let me provide a few counterarguments: 1) Prices are extreme only in a few cities, the most famous being Shenzhen but even within first-tier cities, Guangzhou is significantly less expensive than its peers. 2nd and 3rd tier cities are actually mostly fairly reasonably priced. 2) Because of the dynamics in the society (primarily one-child policy) most young couples have the support of 4 sets of grandparents and two sets of parents, so all the wealth trickles down to the young ones. 3) If you're from a big city your family certainly has real estate in it, cause back in the days flats were given by the state. All the people that come in from outside the city, know what they are asking for as there is tons of limits on what you can do in the city in terms of healthcare, education and so on. Essentially, the government is saying "it's going to be a tough ride in this expensive place, think twice before you want to settle down here". These days, only the high-income people plan to buy a place in their new home cities. Everyone else wants to move back to their villages or smaller cities. Typically parents work and make and money in one city but their kids stay with grandparents in a smaller city, and sooner or later they will go back to their hometowns. I've been living in China for over 10 years and out of thousands of people I've met I didn't know even one that missed mortgage payments. People are much more serious about their financial commitments here, especially about the real estate, and in case of problems, the whole family will certainly help and chip in.

[@ausforaus7617]

When I was in Chengdu a few years ago the western press were all talking about the imminent economic and probably political collapse of China. I always stay well away from foreigners when in China, only saw one were I was living in 3 months staying with a Chinese friend. I remember a 30+ apartment high rise was being built at the time, the work went on 24/7, it was example of just how hard the Chinese work. I though then that the 'west' particularly 'western' economists just do not get China, its people, its culture, its history.

[@prajnaprayas7425]

@@savageideas Hey nice explanation. Just curious how do you use KZbin from China? Guess you are not staying in China rn? Apologies for my ignorance though. Just curious

[@zalibassga]

@@prajnaprayas7425 would like to know aswell, especially since it's not a pro china video

[@fartingfury]

@@prajnaprayas7425 Maybe they live abroad. Plenty of Chinese do, and I start to see why...

[@Gardstyle35]

1. and there ghost cities and overall if u compare income to house prices china is waaay to expansive 2. the elders dont have lots of money to give to the young ones, also 1 child has to support 2 parents and 4 gradnparents - putting great strain on the state 3. there are houses for 80 million people where nobody lives in. They build more so it will total to 300 million whyle the population shrinks. The stock market will blow up eventually

[@DLenk]

I live in Beijing and getting rid of the Hukou system isn't so simple. Without having more equal development across all of the different regions, millions of people will continue flocking to these urban hubs (Beijing, Shanghai, Shenzhen, and to a lesser extent Guangzhou, Chongqing, etc.). The thing is, the available public services in these places are already under a lot of stress and there's significant risk in expanding them to millions more people all of a sudden without doing something drastic to offset the burden.

[@jokerace8227]

China, a spectacular imitation of an advanced economy.

[@jesuszamora6949]

All it's ever been, really. Though a lot of it is also Xi Jinping's strongman tendencies scaring outside investors and drawing international ire. Hu Jintao was able to keep the act up much more convincingly.

[@driv6138]

Why don't they abolish the system? **WH 40k Lost Crusade Advert is played**

[@edwinvillalobos7159]

💀💀😂

[@anhtunguyen781]

time for the glorious empire

[@JL-hz5li]

Hats off to your excellent presentation and extensive research. Clear, comprehensive, to the point, no misunderstanding at all. It’s even a tough job trying to explain so many interrelated things to Chinese people who have some knowledge in the economy. As a Chinese Australian who has done many years of research into the Chinese economy and first hand experience in living in the big cities, I say you remind me of the best economic lectures given by top economists I attended.

[@jameshsu6364]

Funny reading this after reading other comments showing that he's not only completely wrong on this video but has an extensive history of bad economics and making up bad conclusions lol

[@garam6555]

.. at least get anyone else to narrate

[@riqqarddopv7918]

@@jameshsu6364 that's because he's a keynesian economist

[@riqqarddopv7918]

@@garam6555 who tho?

[@mainmusik3677]

One year has passed , and turn out it's US facing economy crisis and banks collapse 😁😁😁

[@Eduardo-bg7sp]

Here is a scenario for deflation for the years to come: The price of building materials will drop drastically, as China will have to export them at a bargain price. Its domestic consumption will be very low in the coming years.

[@Aqueox]

Hopefully the US can avoid any kind of economic crisis... We still have the demographic crisis, an economic one will just compound the issue.

[@jovannapersson-aviles1249]

Great reflektion😀

[@becsterbrisbane6275]

There is most definitely a regression going on in China. I lived there for a decade 2004-2015, and started feeling it from around 2012. Started with all the arrests of foreigners in Beijing in the bar districts about 2011, then about 2014 over the Day Islands off Taiwan (I even went to a brainwashing session with the school I was teaching at! And also got caught up in a heavy protest/ riot in the middle of Tiyu Xilu in Guangzhou). And now they have shut all online schools providing English classes for students, so no foreign 'influence' anymore- this has happened very quickly. Something big is coming....

[@Krasses]

But what has happened in the least 6 years then? Do you have any idea on that something big? Will it cause the economy to fall back?

[@yohaneschristianp]

Culturally yeah, not economically. It's regression for us foreigners not the locals.

[@nicoz4122]

@@Krasses It's getting more and more complicated for foreigners. Bit by bit. I know a lot of people who left, who are planning to leaving and some who since the pandemic can't come back even though their life is all here. But the most annoying is when you are running a WOFE (Wholly Foreign Owned Business) here in China, you have lots of issues, inspections, anonymous complaints especially if you are successful. Outragious enough: your local competitors can be non compliant but they face no issues. Last thing to notice: there are incentives, wording, speeches... to push Chinese to buy Chinese products not foreign brands with the underlying idea that foreign brands are bad and harmful (hilarious).

[@dickiewongtk]

@@Krasses what happened? Xi became emperor.

[@arminius6506]

@@nicoz4122 so they're acting like USA lately??? 🤔

[@peachtpm2528]

As a Chinese person I have to say that you really have a deep understanding of what's going on here. Great videos！

[@jasonzhang3775]

he has a seemingly deep understanding of things on paper

[@peachtpm2528]

@@jasonzhang3775 I‘d say this video is quite comprehensive and contains enough information for a 15 minute long educational video. Most, or I'd argue all the information mentioned in this video is accurate. For deeper analysis I'd recommend essays specifically written for the analysis of the Chinese real estate market.

[@maddoo23]

As a Chinese person on China or a non resident?

[@neeljavia2965]

@@jasonzhang3775 Because your government hides the skeletons in the cupboard.

[@FRIPPE_THE_GREAT]

What will happen when the golden generation needs to retire? Is this discussed in China?

[@aGr3atD4y]

Great video!

[@florianverndari]

"embrace the free market" dude, China brings out perspective plans every 5 years

[@hillfortherstudios2757]

Maybe the decades long race to the bottom while driving down quality has detrimental effects! Who would've guessed!?

[@jooot_6850]

Crazy, right?

[@ts25679]

I'm not sure you can say they've regressed into authoritarianism since it hasn't stopped being authoritarian.

[@hitomiii8235]

Well it’s getting worse and worse under the current dictator. It wasn’t this bad 20 years ago when China just started open to the foreign market.

[@sirsurnamethefirstofhisnam7986]

It’s a matter of degree China was less authoritarian a decade ago than it is now but was never a free society

[@behimothgames7333]

Problem?

[@alexandredupont1966]

There was hope few years back, but now every chinese have a red book to learn from school called "Xi Jinping 's thought". Fail to know the red book, you fail exam. Oh and if you dont know it well enough in corporate world, well you can kiss your career goodbye as you gifted your colleague your well derserved promotion. History repeats. Especially in a country where history is either forgotten, rewritten or censured.

[@xiphoid2011]

Well, I grew up in China. There was a time back in 90s and 2000s when China was headed in the right direction, slowly becoming more open, free and even tip toes in a bit of democratic reform at a very low level. But then Xi came to power, and he started to reverse all that -- more central authoritarianism, less personal freedom, more censorship, propaganda, antiwestern nationalism, clamp down on businesses...it's getting worse and increasing feellike Mao's cultural revolution 2.0.

[@lincolnweller9123]

Thank you great video I now see clearer

[@maincoon6602]

Great video 👍🏻👍🏻👍🏻

[@PXAbstraction]

Here's the thing I'm confused about: There is all this talk about the Chinese debt crisis, among other things that are poised to bring down their economy. But I also just listened to a podcast today (the latest episode of Making Sense as of writing this), where a world renowed economist is also talking about how much western national debt China owns and that if we ever start failing to repay that or China decides to call it in, they can effectively wreck the western world. In my head, I can kind of see a scenario where both of these things can exist simultaneously but I have a hard time processing it. How can China be in a massive debt bubble while also seemingly being in control of the rest of the world's debt bubble?

[@aaron3951]

It is true that China owns ~1Trillion USD worth of US debts among others but the fact is, the US can always pay her debts because she can “technically” generate the currency needed to pay off these debts, for as long as inflation is in check, they can print them. Ive read about this in a book called “The Deficit Myth”.

[@jeffreysteelman8583]

China is actively undergoing socalist transformation, they have harnest the productive power of capitalism as well as the exploitative and damaging aspects of it as well, the party is there to manage these contradictions while they capture foreign capital to build their country legally and through contracts with big businesses. There will be a time when they nationalize housing or provide cheap and affordable housing for all, eventually though, debt is not a concern.

[@vulcanraven9701]

@@aaron3951 and china can print their own money too. But nobody wants to accelerate inflation

[@taichiwinchester1102]

It's not hard. Chinese people and local governments borrowed money from the state via banks. Foreign governments like the US or Sri Lanka also borrowed from the Chinese state. In short we are all owned by the Chinese central government (Central Committee of the Chinese Communist Party). The debt issue of US is if it cannot repay on time it'll have to print more and that devaluates the dollars. If that happens too quickly people and foreign governments will ditch the dollars. That further accelerates the inflation and the devaulation of the dollars. The debt issue of China is if the people and local governments cannot repay to the central government the Chinese state owned banks will collapse. To prevent that the state has to increase the supply of yuan's and that increases the inflation, the property prices and the wealth gap since the poor are the furthest away from the printed money. What's worse the citizens and the local governments will borrow even more as the state punishes those that don't, so you end up with an even bigger debt problem.

[@kerryxin414]

that's where you need actual numbers to make sense of things.

[@jedwalker4543]

As a real estate Professional myself nothing scares me more than that term “expectation of future growth” commercial real estate especially is over leveraged to the point where a collapse is inevitable. You can’t take a $1mil office building and pay $1.5mil because you think in 10 years it’ll be worth $2mil. Commercial real estate isn’t like residential. When you buy an income producing property there’s an expectation of continued income stream. So instead of overpaying on a house “because it’s what you want” you’re overpaying on something that doesn’t make you any money. And there’s not justifying it other than you HOPE that the growth continues.

[@ralexander9495]

The problem with commercial real estate valuation comes from the fact that 5gere is more KYC due dilligence in a 100k retail brokerage account than there is in a $100mm commercial real eatate transaction.

[@gooel]

This is why you work in real estate and not as an economist. The world has printed trillions of dollars during the pandemic. What do you think that does to real estate prices? The building is not worth MORE - the currency is simply worth LESS.

[@alexis1156]

​@@gooel The Us government has been printing money and giving it out to people as "free" and now they are gonna pay the price. Also, many of these people for the last year or so have been living basically rent free, when the tenants eventually get booted off, many of them will likely thrash the place as a form of retaliation, and many of these landlords will just sell their properties and dust their hands off, while making some good money, and that will be the last chance to get a house at an affordable price. Then prices will increase and basically never go back down again until they stabilize again. Hope the "free money" was worth the years of probable stagflation we are gonna get. And the average dude is just gonna tell how this was a "failure of capitalism" what a load of bs, these people don't even understand the most basic things about economics. Why is college expensive? Is it a failure of capitalism? Or is it because the government mandates that everyone gets a shot at it if they want even if they normally would not meet the standards? Why do you think they keep lowering the standards for getting into college? That along with the fact that they basically nationalized the student loan industry, and they wonder why college is expensive, failures of capitalism. Or healthcare being expensive for pretty similar reasons, basically obamacare, the government mandates that you cannot turn anyone down for insurance, so who do you think has to pay for people who cannot? And if you cannot turn anyone down, that also directly results into people caring less about their own health and trying to stay in shape, because if they cannot turn you down, why even bother trying? So is it a failure of capitalism? Or simply the government mandating things thinking that they will make things better, while in reality they make everything worse? In the end capitalism is simply competition, to embrace equality is to embrace failure, because to have equality you must bring people who are above you down to your level, and when you do that, you ruin your economy, because no competition means stagnation, you wonder why the rich is getting richer, but you never stopped to think, is my standard of living lower than someone from the fifties or sixties? Because i assure you it is not. Because while it is true that the rich is getting richer, the poor is also getting richer. And that is in spite, of the welfare they are pushing, all of the socialism which is getting to the point of borderline communism, capitalism is that effective. But it creates wealth inequality which is why people hate it. It's really funny to see some of the wannabe economist that talk about how we need to address income inequality and all that trash, in the end you are just looking for an excuse to steal from someone that is more successful than you because of envy and resentment, it's really pathetic.

[@jedwalker4543]

@@gooel This has been an issue in the making since before the pandemic.

[@sideshowbob]

Commercial real estate is imploding because employees are demanding more work at home ability, & employers are seeing that they are saving $$$ on not having to maintain offices whilst not losing much in the way of productivity. Of course there are old school boss holdouts (like my last 2 Horrible Bosses) who resist this change, but change is always Inevitable.

[@chucktangy]

The ending of that video is chillingly prescient.

Thumps up for using a shot from Zaragoza 👍

[@Potatobearz]

Thanks for the long video! I missed these

[@howardmctroy3303]

“Lying flat” is apparently the Chinese equivalent of “the Great Resignation.”

[@ValeAssistir]

Nah... not the same thing.

[@EvdogMusic]

Based on EE's explanation, it seems closer to Japan's Hikikomori phenomenon

[@germanye5804]

Lying flat in American be like: STOP RESISTING STOP RESISTING🧔🏿🦵🏻

[@joellis5915]

Interest in those theft, always accusing others of stealing like all the Americans always blames everyone else, but itself. a nation failed 365 degrees around, but the only resource is pointing the filthy finger to China as a scapegoat.

[@johnuferbach9166]

@@joellis5915 there are only 360 in a circle mate

[@tjfullhouse8247]

In the past decade, economists have studied the booming of China economy. I have seen predictions about the burst of China housing market and financial crisis here and there on economic columns. But for this video to come right before the fall of Evergrande ... just give me a chill!

[@inigobantok1579]

Not really a decade more like 2017

[@Daoistify]

I lived and worked in China. When we lived there we were able to travel all around and to places where foreign tourists don't go. First let me say that so many Chinese we met and knew were great. There are also many beautiful places that we visited. On the other hand outside of Shanghai, Beijing, Shenzhen, Guangzhou and other higher tier cities, the majority of Chinese people live in third world conditions and struggle to survive.

[@ChromeTztizit]

I wonder how this compares to the US. NYC, LA and a couple other major cities are certainly first world; but after driving across the country a couple times I’ve noticed “flyover country” is not.

[@maxg4304]

@@ChromeTztizit you'd be surprised. even people out in the countryside live very comfortably.

[@ChromeTztizit]

@@maxg4304 you mean in the US

[@Martinmarshallmargella]

It a fact. rural china is not good compare to big city.

[@calors6652]

If you think majority of Chinese people live in third world condition, then you never see how third world conditions look like. Have you been to SEA, India, Middle East, and Africa, even many places in east Europe. Some of these places will renew your definition of "poor" and "third world", maybe you can define them as fourth world, who knows. Just look at the countries that are on the Global Hunger Index list. Over 100 countries that are even worst than China.

[@nuzzis]

Hurray 😍 we have new video. I was missing you man

[@avinashtyagi2]

Polymatter has a great series that goes even deeper into this topic

[@glenrobertsroberts6469]

Does he go into the Africa x China relations

[@tornadochaser7226]

@Glen Roberts Roberts wendover productions does

[@nanaa9074]

@Jan Rozsypal lol you make all these big claims but show no evidence, trying to sow discord just as a wumao would.

[@nanaa9074]

All profiles in this thread have been around for a while and you are the only one making bold claims, after checking their profiles and reading their comments on multiple videos I see no pattern and agenda.

[@nanaa9074]

So please reason with us and explain your comment.

[@jellosquishier]

Yay! Another thing I have to worry about.

[@collintrytsman3353]

well said

[@wuhaoouyang7453]

A 2021 video repeating Gordon Chang's message from two decades ago? WOW. And with the fact that FRS debt just doubled within last two years, this video is just incredible.

[@EzraMerr]

The chinese economy crashed in 2015, it was postponed by Li Keqiang printing and also throwing all reserve into buying up in the market and bailing out banks, the bubble has become much larger now... it has been almost 7 years until the last chinese market crash but because of the money printing conducted due to the coronavirus leaves China without control over their fiat currency (not digital yuan), the CCP will not have the option to print more or use any reserve , theist either sell off bank assets which will make the estate market crash e.t.c but they must hold buying power otherwise china's domestic consumer market will crash which leaves the chinese people with a weak savings and unable to import crude oil since China is dependent on petroleum product since they are the biggest plastic exporters

[@crazyjohnhoward]

I thought it crashed every day since 1990s according to Gordon Chang and his wishful believers.

[@jessl1934]

When you realize that he has an Australian accent, suddenly it all makes sense.

[@frankiedehockie]

@@EzraMerr haven’t seen someone write more nonsense in one paragraph like you. Congrats.

[@MrYjgh]

Yeah. I've seen actual intellectuals saying that debt crisis is a myth so this videos hits all the bells for that kind of Pseudoscience

[@colingenge9999]

SUGGESTION - You flash graphs and data up and gone so quickly that the eye cannot get a faint idea of the content. Since most pics are meaningless background/theme shots, I suggest you more than quadruple the time you display numbers, graphs, data etc.

[@8Scientist]

Press pause mate

[@Optimator7]

Use your space bar

[@rahulray5411]

@@8Scientist that’s why he said it’s a suggestion, There are always ways to make good use of a bad product, nothing wrong with giving a suggestion to improve.

[@alan5506]

@@rahulray5411 It's not improvement if everyone else don't like it

[@rahulray5411]

@@alan5506 are you saying others enjoy looking at background filler stock footage more than actual data the video is based on?

[@kevinding1204]

Amazing video!