Is it just me, or at some point in the last year, this channel became pure filler? I'm 8 minutes in and the video has only really said that China has low consumption and high savings which the government would like to change. This has been reiterated at least 8 times.
The intro is really full of biased. What kind of report is this?
Babe wake up another episode of “China about to collapse” just dropped
I’d argue this already happened on a somewhat limited scale. China’s population is just so large that people living in coastal megacities by themselves are near or at developed level, though not high developed levels like Scandinavia but more like Poland, Spain, Italy, Estonia, Portugal, etc. A lot of this has been driven by the push for innovation in industries which are kind of new thus even playing like EVs/batteries which aren’t as specialized already as ICEs, or telecoms, or in AI, chips, etc.
Greetings , I'm Mahalia I need opinions In the 50s, my late dad worked a modest job, my mom was a housewife, and they lived a nice lifestyle, including owning a home. Nowadays, both I and my partner work and can barely afford to make ends meet. Luckily, I've just received an inheritance of $500,000 and am concerned about how to use the money I didn’t work for. Should I pay the mortgage since I’m still working, or do I invest in stocks rather than just staying 100% cash?
China has everything on it’s side except demographics, luckily for them every other major county’s birthrates are also falling
Where are all the Indian comments claiming India is gonna be Superpower in 5 years? lmfao
The video says you can jack up GDP by building, demolishing, and then rebuilding again and again and again, what a silly insight.. If this is truly the case, every country in the world, especially those poor countries should keep doing this until they become a rich nation. Totally disappointed by such a huge channel
GDP is a flawed metric there's no debate. But you are only showing half the picture, the half that the west wants to believe in, which is consumerism is a strength and that China will lose steam in the next decades because they don't/can't have it. What you failed to mention is that GDP in western countries relies on services which are highly overpriced even when too little value is created. A hair done is a hair done, for 100$ in New-York or for 6$ in Shenzhen it's the same value created. Likewise for medical operations, for schooling & universities, shop keeping, and any other service that you might imagine. When you account for that you might find the gap between Chinese and western numbers are even higher than what they are.
I'm sorry, the fact that the chinese can save 30% of their income is somehow bad?
7:00 You fail to mention India's savings rate is also over 30% but its 65% GDP is still driven by consumption. So this excuse why China's GDP has no consumption doesn't work.
Folks - the GDP per capital is generally calculated in USD, but if the USD is overvalued then the income for every Chinese is undervalued. Don’t forget calculated in PPP China is already at the edge of a high income country. For the coastal cities and regions in China, they’re already considered to be high income areas with income on par to west Europe.
The Chinese deserve to live better, they work a lot and the living standard has improved a lot in the last 30 years.
I've never seen a person who saves money struggle financially, but i see everyday people who spend money who struggle. Chinese people saving 30% of their income just means they make smart investment rather than short term purchasing, which leads to long term growth. A saver looks poor now, but will have money to make meaningful investments in the future, while a spender looks rich today, but stays the same, or worse gets into a cycle of debt.
this video has both been accused of Pro-CCP Propaganda and Pro-US Propaganda, absolute cinema, that's you know the video is Nicely balanced
Great video except the savings rate is less a cultural thing and more an industrial policy issue. You cannot as a chinese household easily invest your wealth in any chinese asset (real estate, stocks, treasuries) and get a good return on investment. For a while real estate was a good investments vehicle but thats over now too. Interest rates at banks are incredibly low and banks dont lend out for consumption purposes and instead redirect household savings into industrial capital which shows up as national savings. That means that as a chinese citizen you are forced to live off your income which is lower on average than the rest of the world because of draconian laws like the Hukou system and non-existant labor rights. Basically, all of this was the plan of the CCP. This is not sustainable when your country continues to try to improve supply but not demand. It only worked for a while because they linked up their economy to the rest of the world and can dump their exports on conherent economies. When they joined the WTO their demand was greater then their supply meaning investment was useful until supply grew greater than demand.
As a Japanese, China seems to follow the same path as Japan. However, China has a huge market and many poor people, so I think it has more potential than Japan.
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If I hear the explanation that deflation is caused by people sitting around waiting for deals I think my head will explode. Deflation is caused by low wages. It's pretty simple.
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