It’s actually quite wild how many ripple effects the One Child Policy effect had on China. Because every family only gets one child, every child is expected to get a high earning job to provide for the family. However, if every child chases after those same jobs, you just get high unemployment, low marriage rates, overworked and underpaid employees, an unbalanced gender ratio (China has a patriarchal culture), and a lack of skilled laborers.
There's a funnel effect combined with the culture of "support your elders when they retire": 1 child is expected to support 2 parents AND 4 grandparents. They raised it to 2 then 3 children per family, 5 years ago. But the 30 year period, combined with economic instability meant people don't want to have children even if the law is relaxed.
@@BensonCaisipMao said to have lots of children after the war to restore China. And the population exploded from 694 million in 1964 to over 1 billion in 1982. I don't blame him, but there's a cause and effect nonetheless XD. The rate of change was the biggest during that time. The gov panicked and put down the most straightforward measures conceivable. It worked... too well perhaps, but it would have been better if the gov caught on earlier. They rarely conducted country-wide census at the time.
I remember when I was in Shanghai during Covid lockdowns, the Japanese government was giving out something like 700 dollars in cash every half a year to its residents, and Shanghai was hesitating to give out 17 dollars only ONCE in COUPONS to its residents.
If price of average home in China is 35 times average yearly income and in most countries it is 5-15 times, then China real estate is extremely overvalued. Who in the sane mind would buy at these prices, no matter what stimulus? In addition there is more supply than demand. So until the prices drop by 70-80% I’m not interested and neither should anyone.
You did not know that until now China has NO property tax at all. The 35 times of average yearly income sounds high but still reasonable price as long term investment for example 30 years. In USA, typically 2% p.a property tax has reduced the estate price already, if considering the accumulated tax of 30 years into the total cost, the real estate in USA will cost eventually double as its listing price tag. In China, you need pay once and enjoy tax-free afterwards ... until now.
@@leqiaop1840 That is not how it works. There is always a supply-demand equilibrium, and if it there isn't anymore, the market will eventually rebalance. No stimulus is gonna change that. No matter how "tax free" something is, as long as there is no real demand for it, it is overvalued eventually. Especially real estate, that actually needs investment to retain it's value. And in contrast to a lot other investment, real estate that is not utilized is a pure speculation investment. Other investments, like in stocks, are actually productive as it creates value over time.
I just wanted to take a moment to acknowledge your shirt. Men's mental health is one of the top three leading causes of male deaths between the ages of 18-35. You might not mean to, but by wearing that shirt makes a small difference and might also tell "strong men" that it's ok to seek help. And to ask for it. Thanks. Edit: Also, I'd miss you if you were to leave us. Please don't.
Man it’s almost like providing stimulus before deflation sets in is the best way to stabilize and maintain a healthy economy. If only economists knew this before the pandemic…
This is not fiscal stimulus. It is a targeted stimulus of stocks. It adresses NONE of the concerns related to the structural issues apart from the narrative. As usual CCP are masters at painting a pretty picture.
Lowering interest rates is not a stock-only stimulus. It also lowered existing mortgage rates, which also has a larger impact zone than just the stock market.
@@cat-.- sure, but the mortgage rates is not the cause for the stock market rally. And 50 bps lower mortgage doesn't help those who are under water on their mortgage after the property price fall. In short, all of this is too little, too late. It will only partly ease the symptoms, not cure the disease.
@@MultiMenvafan lowering pre-existing mortgage rates by definition affect everyone. Even those under water. It won’t cancel your loss of course, it does lower your burden
@@cat-.- sure, but you have to compare the size of the help to the size of the problem. This is like getting a bottle of water to help you when your house is on fire.
@@carlomontecarlo7881 Have you seen the way Korean workers are treated? Germany and Italy both have strong domestic markets. Italy barely had a trade surplus in 2023.
@@chris-y05 lmao Italy just surpassed Japan and South Korea as the world's 5th largest net exporter of goods and services... "barely had a trade surplus" hahahaja
But the problem with Asians is that they will NEVER admit to having any problems, and vigorously clap back against anyone who insinuate that they are doing something wrong.
@@hahdanghongha7810 GDP growth in China doesn't really mean anything. The central government tells local governments what their growth targets are, which means they end up investing poorly to meet those targets. That's why you have so many empty apartment buildings that are built poorly and getting torn down or overbuilt infrastructure that goes to areas that don't remotely meet the capacity. Also, China's GDP growth, reported by their own government, is likely inflated and does not reflect actual values. The real growth is anywhere between 40% to 60% the reported growth according to studies. China doesn't have any separation between the agency that reports their GDP growth like many Western countries do that often have independent organizations reporting their growth figures.
China is already heavily indebted and that's why it could not afford to resort to such a stimulus. Unfortunately, it now has no choice but to do so, and it is too late and too little. To fix the house building fiasco and crisis, it will need to pump in at least 10 to 20 times more, which China clearly cannot afford to do so. It will go the way Argentina has and I suspect China is on the way there. The population is aging fast and with virtually no pensions to speak of, the vast majority of retirees and soon to be retirees are having to resort to saving up for their retirement.
@@CristMakhanya It's mainly State owned Enterprises (SOEs comprised 79% of corporate debt in China in 2022), City Municipalities and Homebuyers (presales model: people borrow and commit case upfront to buy property in developments that are yet to be built).
I think as many predicted in 2021 china will go the japan way but I think china will be in a much much better situation than japan. It's still a manufacturing hub and has a huge amount of critical minerals. If Chinese government reforms its government it could sort of become European countries which is a better scenario than japan one
Chinese consumer lost their confidence in Chinese economy and future growth. Domestic retail market is in a bloodbath. This mid-August festival showed an even deeper retail cliff and abyss. Consumers are terrified of coming economic crash, so they refuse to buy durable goods and save up money. So to recover domestic consumption, Chinese government should show long-term commitment on growth, employment and stable income & finance.
Stimulus by trying to get people to buy a second home? But a second home is by definition an investment, not actual consumption. Doesn’t that just kick the can down the road? (If people even believe that real estate is a good investment at this point) Addendum: With every home reverting to the state after 70 years, maybe you can think of a second home as consumption, just really, really slow one. 😂
Yes and no to the addendum while the 70 lease is true. The government confiscating the land at the end of it has not how they have been handling it. While this is subject to change the current precedent, allows for owner to renew the lease by paying a fee based on the value of the property. During the early part of the freer market transition some of the leases were only for about 40 years and those that have since come due are generally charged about 35% the value of the property to renue the lease. If they refuse to pay they are given a tiny stipend based on the deprecated value of the building materials and kicked out.
@@johnlynch1353Thank you for that information. That is very interesting. Would you have any sources for this? (If so, please just give me a few keywords to put into a search engine, as YT regularly deletes posts with a link in them)
With a population of 1.4billion China allegedly built the housing stock for 3billion people The spare housing is enough to house the entire African continent
5:19 There's still a problem with this plan. A good economy needs a "flow" of money. The faster the flow and the greater the flow, the wealthier the country becomes. China's continued focus on property is bad because houses do not spend money. So there is still no flow. Think of money as the human bloodstream. A human with little or no blood flow is a dead human. The plan should be to focus on businesses because businesses don't just buy and sell goods, they provide jobs, jobs provide income, income provides consumption power, and consumption is how the economy works.
you are right, there already huge bubbles in Chinese property market, govt knowns that, but they burst those bubbles slowly since 2020, rather than burst all of them simultaneously. The target of this round stimulus is to rebuild the confidence in the market, getting money starting 'flow' first, but if it's really creating jobs, hard to tell. The problem is industrial structure shifting.
I don't see how this will restore consumers' trust in real estate sector. Most real estate developers in China are bankrupt , house prices are going down and people are burdened with debts. Why should they buy a second house? Just to lose more money?
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
“Stacy Lynn Staples" is the licensed adviser I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Simple explanation is China was waiting for the Fed to cut interest rates first. If China cut first, the currency could have tanked and led to more outflows.
"Educational Inflation" Yeah well, for years, many countries, including China, have tried to get everyone into college education and neglected and/or belittled jobs in construction, handy-man work, factory jobs... etc. Doesn't matter if the degree is useless or the field over-saturated, everybody was pushed to get one 🤷🏻♀️
It's different from the UK and US. In China, you don't want to go to the vocational highschool. You actually want to be get into a college because a higher education actually means a higher pay though. Add to that the unbalanced male-female ratio in China, and higher education also ensures a better chance of finding a spouse.
what do you mean _finally_ resorts to fiscal stimulus? they have been subsidizing their economy since forever! "For China, the study estimates public support for industry to add up to at least €221.3 billion, or 1.73% of GDP in 2019, even when taking a conservative approach and considering only quantifiable factors (DiPippo et al., 2022)." etc there have always been massive subsidies for automation, green technology, digital industry, logistics, and so on.
on a global scale the large companies that invested there for the slave labour are now looking at Xi... oh, you wanted a cut of our action, how cute, bye!
It’s been like that for the past 40 years. When you look at the academic background of Chinese leaders, Jiang is a mechanical engineer, Hu is a civil engineer, Xi is a chemist. That explains a lot.
Isn’t a lack of spending also more of a cultural phenomenon in China? In the West a lack of spending almost always means that citizens simply have a lack of ability to spend; the wish to spend is there.
People who get paid less save more and spend less. It's because they feel insecure. It's why the savings rates are so high in Japan (and China to a lesser extent) because the salaries are horrible. But also, China has the highest personal debt level in the world becuase of the pressure to appear successful to impress parents and spouses.
1:33 "Driven by exports" is questionable. While it may be tempting to conclude this, given that China is a big exporter, it also needs to import a lot of materials. Net exports is only around 2% of GDP. The largest component of GDP for China is in fact investment, driven by a very high savings rate, which leads to lower consumption.
I personally wouldn’t call it a “Xi’s plan” because in the last 6 months Xi had been delegating more and more power to the premier of China, Li Qiang, started after 2023 Q4 market crash. Another point. The premier mitigated local government’s debt crisis by printing money which indebted the central government. It’s just a natural next move imo that they started saving private economy this way also😂.
When has a developing country done better long term by listening to mainstream western economists and the IMF recommendations? The few countries that have gone from poor to rich explicitly ignored the IMF strategies. China should trace their own path and not listen to them as they have been doing so far.
Yeah but if nobody wants the Yuan that they print, this won't stop the deflation and lead to inflation. It will just devalue the Yuan, nothing more. At this point the best thing they could do with that money is just give it to people for free as a direct stimulus. Xi is unlikely to accept that though.
don't worry usa, china will end like the japan and not going to overtake the usa, and its good for india and usa that china not going to overtake the usa 🇺🇸🫂🇮🇳
Their market economy is based on exports and it's supposed to do only that. Investing in infrastructure instead of consumer goods isn't such a bad idea. That sounds more like a bailout though and on things that probably are not needed. Giving some people jobs and paying them more might help, as well as invest in creating consumer goods for internal consumption. Of course the IMF wants them to import from other countries and I doubt they will do that except for things they really need.
Jack: "Hey, Ben, it's your turn to host the videos." *Ben walks in wearing his 'Boys Get Sad Too' shirt* Ben: "I must've forgotten to write that on my calendar..."
in 10 years thats what happens for all the millions of late term abortions they did in the 80s and 90s . and now pleading for kids .... that ccp is just reaping what they sow ///
@@aronchaiThe Communist Party also knows its importance and is trying its best to prevent the free flow of information inside and outside the Great Fire Wall to manipulate rhetoric in the middle.
You can’t just throw money at something and expect it to get better when the system is broken. If they really want to get out of it they have to let up on monetary and investment controls.
One thing to note too is that the chinese are big on saving money. They have to, house prices are expensive for one as you mentioned, but also China doesn't have the same level of social security. If you're out of work, you're out of money. They have pensions but still best to save for that too. Then having kids, hospital bills to give birth and after care can be as high as ¥14k. Granted they have lower rates of tax too and low daily cost of living which obviously is great for normal people.
That’s why I do not understand a stimulus on financing a second home. Especially with many families only having 1 child, why would you buy a second property if not as a saving mechanism? So this consumption stimulus instead invites people to save even more. 🤷🏼♂️
@@venanziadorromatagni1641 yeh it sounds odd, tbf not all households actually obeyed the one child policy. Like ive met plenty of gen z with siblings. These a culture of helping children buy homes. Is the only take i can think of if im being generous to the government. Though probably more to do with keeping property developers afloat as they do make up a big part of the economy. It might actually be a major policy either tbf might be just then mentioning ideas or testing in certain regions.
@@venanziadorromatagni1641 this has nuance the one child policy was for urban centers. it was much more lax when it comes to minority and rural populations. Why? because culturally inclined. a house may sound the same but in chinese mind this is more imperative. It is not seen as sensible to live paycheck to paycheck and rent even. majority has a preference for buying house and car new. The consumer market is not the same as you would think. In my family 2 of my cousins found jobs in fuzhou near of their smaller city. both family has each bought a second home for their child. This is just the way Chinese do things. When people say things are bad in China they barely mean the same as in the west. 😅 economy is well in comparison to western world where the young are in crippling debt. Houses bubble has been popped but where is the '08 financial disaster?
I don't think that weak consumption is the one to blame, china has always had poor consumers. The real issue is DECREASING population plus, decoupling from the West.
Well it is in combination with the decoupling from the west. Because if the west isn't buying and your own ppl ain't buying who can buy it? Africa can't, south America won't and Asia already buys the stuff they need already. Russia can't afford to waste money right now
Those are variations on a theme. Decreasing population is, in aggregate, weak consumer demand. The decoupling from the West covers a lot of ground, but it isn’t really an aggregate decrease in exports that we are seeing. Rather, it is an absence of growth in exports; that is, no increase in overseas demand. Lack of overseas demand growth, and lack of internal demand growth, mean no demand growth. That *should* mean lack of economic growth, but the CCP doesn’t want to believe that.
They're the worlds best politicians because they're the top dogs. Being a successful politician is about attaining and staying in power; not helping people. By this metric (really the universal metric politicians go by since the dawn of man) they are highly successful.
It's because the west used dirty economic tactics we must be responsible and fair that's why our population should keep working for pennies we can't afford to pay more
if you believe in GDP then you believe the politicians saying nothing's wrong with the economy and nobody could figure out what's up with far right parties are on the rise...
Too little too late. There are so many different issues with the Chinese economy to the tune of several trillion dollars that there's no way a comparatively measly ~250 billion is going to just make those disappear.
the biggest problem is people do not trust xi jinping whether china people or foreign investor . the stimulus will enable local gov to pay salary , which prevent people go hungry.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘Grace Adams Cook’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
Learned something new with TLDR News: When exports decline, then the domestic Chinese economy/market is too weak to create domestic jobs to help offset the loss. Which means that China's jobs are overly dependent on exports. The more you know.
TLDR News is teaching you false information. Exports are not down in China, if they were, TLDR would show a graph of it but it won't because it is contrary to their narrative.
These including the demographic issue aren't merely China's economic weaknesses and time bombs; they are the economic vulnerabilities the uni-donor regime in the U.S. is trying exploit exploit. This crisis must be handled within the context of an economic and financial war, with no stimulus while the Federal Reserve rate remains high. Between the U.S. and China, I don’t know who blinked first, but China did by issuing such stimulus.
The reason for low consumption in China is excessive debt that people, the state, and private sector businesses cannot repay. This is due to massively excessive money printing, borrowing and quantitative easing by government in order to chase GDP growth. What is China's solution to the problem? Why it is obvious - more money printing, promotion of borrowing, and more quantitative easing, but added to this is is the Chinese government pushing huge amounts of money into the stock market to try to push it up and convince foreign investors to invest in China. I guess that is the only way you can keep a Ponzi scheme going.
You need to level audio better or keep mic at consistant distance. Because right now either meat of the text is hard to understand or connection words (so, although and so on) are jump scares.
Until China improves the labor market, lots of pain involved in doing this, workers hours, wages, benefits, sexism, ageism, etc., this economic downslide may last “forever”.
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500.
Mrs Emily L Romano was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Emily L Romano.
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
Not the first time China tried a stimulus. During the Covid recovery, China gave out coupons, which, of course, required spending, so had a direct effect on the economy. The USA, meanwhile, gave $$$, much of which ended up in savings accounts, rather than the economy. China‘s also, several months ago, already made money more liquid, so businesses could, in theory, borrow more. Except that obviously didn‘t work, since there‘s no point borrowing money if you don‘t have demand, and increases the risk of loan defaults.
Agreed . Usa is argentina 2.0 . that explains why usa is 40 trillion $ in debt to China Just interest in these debt is best 1 trillion . Usa is basically under chinese rule
@@zacksmith5644 Hi there Mr LGBTQ+. The USA is not $40T in debt to China, and certainly isn't Argentina 2.0. It's quite easy to see you have no idea what you're talking about.
@@philipthecow actually usa is in debt to China in 40 trillion $ and interest alive is 1 trillion $ . I don't need validation from a cia bot . Stop under reporting. Source : same as yours lol.
Yes, China engages in significant deficit spending, though its approach to fiscal policy is more controlled compared to some other large economies. Deficit spending in China is typically driven by government efforts to stimulate economic growth, especially during periods of slower growth or global economic downturns. China’s government often focuses its spending on infrastructure projects, social programs, and technological innovation. It also uses deficit spending to manage domestic employment and to ensure stable growth targets are met. During times of economic pressure, such as the 2008 financial crisis or the COVID-19 pandemic, China increased deficit spending to support recovery. The Chinese government’s official debt levels appear lower compared to many Western countries, but there is significant hidden debt in the form of local government borrowing through special financing vehicles and off-balance-sheet activities. China’s focus on infrastructure investments and support for state-owned enterprises (SOEs) often contributes to this deficit, but they balance this with efforts to keep debt manageable and maintain control over inflation.
I don't buy the inflation part. the creation of debt by any party will inject more money into the economy thus creating inflation. Either these local financing vehicles are not all that common or they are so niche that they don't affect the wider economy and could be allowed to default with no real consequence.
New alliance will be form in Asia and Pacific. PACT Pacific Asia Comitment Treaties. USA, Canada, New Zealand, Austria, South Korea, Japan, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Thailand, India, Taiwan, Brunei, and areas alongside Pacific Asia.
@@yofedstyhrega4594 then you’re always wrong 😂 but in seriousness, I don’t mind how you pronounce it, I just think news commentators who pride themselves on accuracy should actually be accurate.
I hope they U-turn on the U-turn. Keynesian debt driven stimulus will lead to stagnation in the Chinese economy just as it did in Japan, the US and Europe...
It’s actually quite wild how many ripple effects the One Child Policy effect had on China. Because every family only gets one child, every child is expected to get a high earning job to provide for the family. However, if every child chases after those same jobs, you just get high unemployment, low marriage rates, overworked and underpaid employees, an unbalanced gender ratio (China has a patriarchal culture), and a lack of skilled laborers.
That policy should have ended in the 2000's. One doesn't take a genius to realize how short-sighted it was to have too few children.
And let’s not forget those children would not have children of their own with that much negative pressure, leading to further strain
There's a funnel effect combined with the culture of "support your elders when they retire": 1 child is expected to support 2 parents AND 4 grandparents.
They raised it to 2 then 3 children per family, 5 years ago. But the 30 year period, combined with economic instability meant people don't want to have children even if the law is relaxed.
@@BensonCaisipMao said to have lots of children after the war to restore China. And the population exploded from 694 million in 1964 to over 1 billion in 1982. I don't blame him, but there's a cause and effect nonetheless XD.
The rate of change was the biggest during that time. The gov panicked and put down the most straightforward measures conceivable. It worked... too well perhaps, but it would have been better if the gov caught on earlier. They rarely conducted country-wide census at the time.
well, it's not happening just in China. But in the West, we can't blame any one government program
I remember when I was in Shanghai during Covid lockdowns, the Japanese government was giving out something like 700 dollars in cash every half a year to its residents, and Shanghai was hesitating to give out 17 dollars only ONCE in COUPONS to its residents.
That's bcz china stopped covid . Usa spread out
If price of average home in China is 35 times average yearly income and in most countries it is 5-15 times, then China real estate is extremely overvalued. Who in the sane mind would buy at these prices, no matter what stimulus? In addition there is more supply than demand. So until the prices drop by 70-80% I’m not interested and neither should anyone.
that's exactly what the market thinks
You did not know that until now China has NO property tax at all. The 35 times of average yearly income sounds high but still reasonable price as long term investment for example 30 years. In USA, typically 2% p.a property tax has reduced the estate price already, if considering the accumulated tax of 30 years into the total cost, the real estate in USA will cost eventually double as its listing price tag. In China, you need pay once and enjoy tax-free afterwards ... until now.
Is it really realistic/representative to do an average income and price over such a large area and large population?
Chinese don't own homes. They just lease it for 70 or 90 years.
@@leqiaop1840 That is not how it works.
There is always a supply-demand equilibrium, and if it there isn't anymore, the market will eventually rebalance. No stimulus is gonna change that.
No matter how "tax free" something is, as long as there is no real demand for it, it is overvalued eventually. Especially real estate, that actually needs investment to retain it's value. And in contrast to a lot other investment, real estate that is not utilized is a pure speculation investment. Other investments, like in stocks, are actually productive as it creates value over time.
Boys get sad too......
@@yensteel I think he was referring to Bens shirt but yea you're right too
@@ryandanngetich2524 Oh whops sorry. Was only listening.
@@ryandanngetich2524 why not men?
😂China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
@zacksmith5644 us literary outgrew china in this financial year and india has the highest gdp growth among major economies currently
Ultimately, it's still a bailout and not a stimulus for the consumers. China needs an actual safety net. Not more export subsidies.
Video gets cut abruptly at 4:09
Just another day in the life of tldr's terrible editors
They sure committed.
I just wanted to take a moment to acknowledge your shirt. Men's mental health is one of the top three leading causes of male deaths between the ages of 18-35. You might not mean to, but by wearing that shirt makes a small difference and might also tell "strong men" that it's ok to seek help. And to ask for it. Thanks.
Edit: Also, I'd miss you if you were to leave us. Please don't.
Man it’s almost like providing stimulus before deflation sets in is the best way to stabilize and maintain a healthy economy. If only economists knew this before the pandemic…
This is not fiscal stimulus. It is a targeted stimulus of stocks. It adresses NONE of the concerns related to the structural issues apart from the narrative. As usual CCP are masters at painting a pretty picture.
Northern Chinese characteristics
Lowering interest rates is not a stock-only stimulus.
It also lowered existing mortgage rates, which also has a larger impact zone than just the stock market.
@@cat-.- sure, but the mortgage rates is not the cause for the stock market rally. And 50 bps lower mortgage doesn't help those who are under water on their mortgage after the property price fall. In short, all of this is too little, too late. It will only partly ease the symptoms, not cure the disease.
@@MultiMenvafan lowering pre-existing mortgage rates by definition affect everyone. Even those under water. It won’t cancel your loss of course, it does lower your burden
@@cat-.- sure, but you have to compare the size of the help to the size of the problem. This is like getting a bottle of water to help you when your house is on fire.
6:02 don't tell us "4.2%" but accompany it with a graph that shows 11.2%. It makes us worry that you don't have any feel for numbers
Nice shirt ben !!!
nazi one
"Export driven economy" is just a nice way of saying exporting cheap labors without exporting the laborers themselves.
That's not always the case - see Germany, South Korea or Italy...
Labour cost is not Cheap in China now
@@carlomontecarlo7881high end exports vs low end exports
@@carlomontecarlo7881 Have you seen the way Korean workers are treated? Germany and Italy both have strong domestic markets. Italy barely had a trade surplus in 2023.
@@chris-y05 lmao Italy just surpassed Japan and South Korea as the world's 5th largest net exporter of goods and services... "barely had a trade surplus" hahahaja
4:07 are you ok?
LOL RIGHT
Honestly, it wouldn't be TL;DR without some sort of glaring error or mistake at this point.
at least 1 typo in the middle of the episode era is over.@@EbonySaints
You cannot criticize Xi.
Haha china mystve cut out criticism:P
Buying more crap you don't need isn't a fulfilling life. Creating something by hand or working fo your self is true freedom.
The first step in recovery is admitting you have a problem, China.
But the problem with Asians is that they will NEVER admit to having any problems, and vigorously clap back against anyone who insinuate that they are doing something wrong.
yeah, a 5% GDP growth problem
@@hahdanghongha7810 because obviously chinese numbers are trustwhorty
@@hahdanghongha7810 GDP growth in China doesn't really mean anything. The central government tells local governments what their growth targets are, which means they end up investing poorly to meet those targets. That's why you have so many empty apartment buildings that are built poorly and getting torn down or overbuilt infrastructure that goes to areas that don't remotely meet the capacity.
Also, China's GDP growth, reported by their own government, is likely inflated and does not reflect actual values. The real growth is anywhere between 40% to 60% the reported growth according to studies. China doesn't have any separation between the agency that reports their GDP growth like many Western countries do that often have independent organizations reporting their growth figures.
@matthewshields yes china is actually a third world country. everything is fake
China is already heavily indebted and that's why it could not afford to resort to such a stimulus. Unfortunately, it now has no choice but to do so, and it is too late and too little. To fix the house building fiasco and crisis, it will need to pump in at least 10 to 20 times more, which China clearly cannot afford to do so. It will go the way Argentina has and I suspect China is on the way there. The population is aging fast and with virtually no pensions to speak of, the vast majority of retirees and soon to be retirees are having to resort to saving up for their retirement.
Indebted to who?
@@CristMakhanya It's mainly State owned Enterprises (SOEs comprised 79% of corporate debt in China in 2022), City Municipalities and Homebuyers (presales model: people borrow and commit case upfront to buy property in developments that are yet to be built).
I think as many predicted in 2021 china will go the japan way but I think china will be in a much much better situation than japan. It's still a manufacturing hub and has a huge amount of critical minerals. If Chinese government reforms its government it could sort of become European countries which is a better scenario than japan one
How does more cash change over production?
@@ShubhamMishrabroDRC also has resources and much younger population. Without liberty it is impossible to go European way.
Chinese consumer lost their confidence in Chinese economy and future growth. Domestic retail market is in a bloodbath. This mid-August festival showed an even deeper retail cliff and abyss. Consumers are terrified of coming economic crash, so they refuse to buy durable goods and save up money. So to recover domestic consumption, Chinese government should show long-term commitment on growth, employment and stable income & finance.
Stimulus by trying to get people to buy a second home?
But a second home is by definition an investment, not actual consumption. Doesn’t that just kick the can down the road? (If people even believe that real estate is a good investment at this point)
Addendum: With every home reverting to the state after 70 years, maybe you can think of a second home as consumption, just really, really slow one. 😂
Yes and no to the addendum while the 70 lease is true. The government confiscating the land at the end of it has not how they have been handling it. While this is subject to change the current precedent, allows for owner to renew the lease by paying a fee based on the value of the property.
During the early part of the freer market transition some of the leases were only for about 40 years and those that have since come due are generally charged about 35% the value of the property to renue the lease. If they refuse to pay they are given a tiny stipend based on the deprecated value of the building materials and kicked out.
@@johnlynch1353Thank you for that information. That is very interesting. Would you have any sources for this? (If so, please just give me a few keywords to put into a search engine, as YT regularly deletes posts with a link in them)
@@johnlynch1353 Thank you! This is very interesting. Would you have any sources for me to explore further?
With a population of 1.4billion
China allegedly built the housing stock for 3billion people
The spare housing is enough to house the entire African continent
@@vinniechan3 billion? So is it used for investment purpose or for buying home only
5:19 There's still a problem with this plan. A good economy needs a "flow" of money. The faster the flow and the greater the flow, the wealthier the country becomes. China's continued focus on property is bad because houses do not spend money. So there is still no flow. Think of money as the human bloodstream. A human with little or no blood flow is a dead human. The plan should be to focus on businesses because businesses don't just buy and sell goods, they provide jobs, jobs provide income, income provides consumption power, and consumption is how the economy works.
you are right, there already huge bubbles in Chinese property market, govt knowns that, but they burst those bubbles slowly since 2020, rather than burst all of them simultaneously. The target of this round stimulus is to rebuild the confidence in the market, getting money starting 'flow' first, but if it's really creating jobs, hard to tell. The problem is industrial structure shifting.
Narrator: it was not enough.
this channel is great, love the well explained global news updates
I don't see how this will restore consumers' trust in real estate sector. Most real estate developers in China are bankrupt , house prices are going down and people are burdened with debts. Why should they buy a second house? Just to lose more money?
To many hoses!!! Never going to work!
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
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I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
“Stacy Lynn Staples" is the licensed adviser I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
you sound like chinese high schoolers writing their essay, and so does that Matildah below you. Maybe you guys know each other or prove me wrong
Simple explanation is China was waiting for the Fed to cut interest rates first. If China cut first, the currency could have tanked and led to more outflows.
"Educational Inflation"
Yeah well, for years, many countries, including China, have tried to get everyone into college education and neglected and/or belittled jobs in construction, handy-man work, factory jobs... etc.
Doesn't matter if the degree is useless or the field over-saturated, everybody was pushed to get one 🤷🏻♀️
It's different from the UK and US. In China, you don't want to go to the vocational highschool. You actually want to be get into a college because a higher education actually means a higher pay though. Add to that the unbalanced male-female ratio in China, and higher education also ensures a better chance of finding a spouse.
2:10 What is going on with that road? I guess there's not too many opportunities for U-turns on that stretch?
Whenever I see Xi now I instantly think: Winnie the Pooh
what do you mean _finally_ resorts to fiscal stimulus? they have been subsidizing their economy since forever!
"For China, the study estimates public support for industry to add up to at least €221.3 billion, or 1.73% of GDP in 2019, even when taking a conservative approach and considering only quantifiable factors (DiPippo et al., 2022)." etc
there have always been massive subsidies for automation, green technology, digital industry, logistics, and so on.
Yup.
China’s economic strategy sounds like the entire government somehow got conned by techbros
Considering the fact that most of them has engineering and chemistry degrees? I’m not surprised
Pump and dump on a national scale
on a global scale the large companies that invested there for the slave labour are now looking at Xi... oh, you wanted a cut of our action, how cute, bye!
It’s been like that for the past 40 years. When you look at the academic background of Chinese leaders, Jiang is a mechanical engineer, Hu is a civil engineer, Xi is a chemist. That explains a lot.
If you research the policy you can see it's very complicated. It's almost like a mechanic twicking little by little. Because it has no manual.
“China keeps their workers poor”
“Anyways”
😅
Isn’t a lack of spending also more of a cultural phenomenon in China? In the West a lack of spending almost always means that citizens simply have a lack of ability to spend; the wish to spend is there.
People who get paid less save more and spend less. It's because they feel insecure. It's why the savings rates are so high in Japan (and China to a lesser extent) because the salaries are horrible. But also, China has the highest personal debt level in the world becuase of the pressure to appear successful to impress parents and spouses.
Which country is named west,
@@DanielBlakagreed . That's why in uk and Germany people are rich 🤣🤣🤣🤣🤣🤣🤣
@@zacksmith5644 Compare it to US.
Boys really do get sad too.
1:33 "Driven by exports" is questionable. While it may be tempting to conclude this, given that China is a big exporter, it also needs to import a lot of materials. Net exports is only around 2% of GDP. The largest component of GDP for China is in fact investment, driven by a very high savings rate, which leads to lower consumption.
Say what you want, high speed rail looks cool
I personally wouldn’t call it a “Xi’s plan” because in the last 6 months Xi had been delegating more and more power to the premier of China, Li Qiang, started after 2023 Q4 market crash.
Another point.
The premier mitigated local government’s debt crisis by printing money which indebted the central government.
It’s just a natural next move imo that they started saving private economy this way also😂.
莫非是看官场吹李强那期？
When has a developing country done better long term by listening to mainstream western economists and the IMF recommendations? The few countries that have gone from poor to rich explicitly ignored the IMF strategies. China should trace their own path and not listen to them as they have been doing so far.
What's going on with that bridge/viaduct at 2:10? I can't see what the 360 loop is for!
I think it's for those who need to backtrack asap when it comes to emergency.
I think it's so that you can make a U-turn to get on other exits.
They're also printing money like crazy, they printed about 500 billion yuan in the last month
Yeah but if nobody wants the Yuan that they print, this won't stop the deflation and lead to inflation. It will just devalue the Yuan, nothing more. At this point the best thing they could do with that money is just give it to people for free as a direct stimulus. Xi is unlikely to accept that though.
don't worry usa, china will end like the japan and not going to overtake the usa, and its good for india and usa that china not going to overtake the usa 🇺🇸🫂🇮🇳
Their market economy is based on exports and it's supposed to do only that.
Investing in infrastructure instead of consumer goods isn't such a bad idea.
That sounds more like a bailout though and on things that probably are not needed.
Giving some people jobs and paying them more might help, as well as invest in creating consumer goods for internal consumption. Of course the IMF wants them to import from other countries and I doubt they will do that except for things they really need.
Beyond too late.
Jack: "Hey, Ben, it's your turn to host the videos."
*Ben walks in wearing his 'Boys Get Sad Too' shirt*
Ben: "I must've forgotten to write that on my calendar..."
its so funny how people saying "china will be broke tomorrow" lmao
in 10 years thats what happens for all the millions of late term abortions they did in the 80s and 90s . and now pleading for kids .... that ccp is just reaping what they sow ///
@@rioluna6058 uk is broke now
4:07 what's with the cut?
你的分析的很正确。
我认为，中国的经济问题是长久以来的根深蒂固的“结构性”问题。
中国的困境不仅仅是经济问题，还是政治问题导致的。仅仅通过目前的刺激政策是不能从根本上解决问题的。作为来自internet firewall内的观众，我很希望能看到更多的关于中国经济的英文报道
他懂个锤子，连本国英国的经济都讲不好，还来讲中国的经济，只能是被媒体传播出的信息所误导
@@张凡-o6j 我觉得他讲的很好，little pink用不着看到批评CCP的言论就应激哈～😁
@@PinkyKiller1212 和小粉红浪费时间就不值得了。
I hope to see more Chinese netizens commenting on things in the future--right now we rarely hear the perspective of Chinese themselves.
@@aronchaiThe Communist Party also knows its importance and is trying its best to prevent the free flow of information inside and outside the Great Fire Wall to manipulate rhetoric in the middle.
You can’t just throw money at something and expect it to get better when the system is broken. If they really want to get out of it they have to let up on monetary and investment controls.
One thing to note too is that the chinese are big on saving money. They have to, house prices are expensive for one as you mentioned, but also China doesn't have the same level of social security. If you're out of work, you're out of money. They have pensions but still best to save for that too. Then having kids, hospital bills to give birth and after care can be as high as ¥14k. Granted they have lower rates of tax too and low daily cost of living which obviously is great for normal people.
That’s why I do not understand a stimulus on financing a second home. Especially with many families only having 1 child, why would you buy a second property if not as a saving mechanism? So this consumption stimulus instead invites people to save even more. 🤷🏼♂️
@@venanziadorromatagni1641 yeh it sounds odd, tbf not all households actually obeyed the one child policy. Like ive met plenty of gen z with siblings. These a culture of helping children buy homes. Is the only take i can think of if im being generous to the government. Though probably more to do with keeping property developers afloat as they do make up a big part of the economy. It might actually be a major policy either tbf might be just then mentioning ideas or testing in certain regions.
They love to pool together money as well. Very frugal and financially savvy of them.
@@venanziadorromatagni1641
this has nuance the one child policy was for urban centers. it was much more lax when it comes to minority and rural populations.
Why? because culturally inclined. a house may sound the same but in chinese mind this is more imperative. It is not seen as sensible to live paycheck to paycheck and rent even. majority has a preference for buying house and car new. The consumer market is not the same as you would think.
In my family 2 of my cousins found jobs in fuzhou near of their smaller city. both family has each bought a second home for their child.
This is just the way Chinese do things. When people say things are bad in China they barely mean the same as in the west. 😅 economy is well in comparison to western world where the young are in crippling debt. Houses bubble has been popped but where is the '08 financial disaster?
@@leonc4653 If things are so good for young people in China, why did they stop reporting youth unemployment?
Damn, I am early this time. Anyway, thanks for bringing the news in this bite-sized format.
4:06 - 4:07 jesus christ that was a bad audio cut
If only he hadn’t cracked down so hard on many industries, he wouldn’t need to do this now.
I don't think that weak consumption is the one to blame, china has always had poor consumers. The real issue is DECREASING population plus, decoupling from the West.
Well it is in combination with the decoupling from the west.
Because if the west isn't buying and your own ppl ain't buying who can buy it? Africa can't, south America won't and Asia already buys the stuff they need already. Russia can't afford to waste money right now
Those are variations on a theme. Decreasing population is, in aggregate, weak consumer demand. The decoupling from the West covers a lot of ground, but it isn’t really an aggregate decrease in exports that we are seeing. Rather, it is an absence of growth in exports; that is, no increase in overseas demand. Lack of overseas demand growth, and lack of internal demand growth, mean no demand growth. That *should* mean lack of economic growth, but the CCP doesn’t want to believe that.
7:04 Best politicians? How are they the best?
They're the worlds best politicians because they're the top dogs.
Being a successful politician is about attaining and staying in power; not helping people. By this metric (really the universal metric politicians go by since the dawn of man) they are highly successful.
Low bar.
Problem is, well-paid workers keeping the economy going with domestic behavior tend to demand things like greater representation in government
you'll quickly realise how little that matters when you have total control over the information people see.
China always used fiscal stimulus the only difference now is that now subsidies even consumption inside china. Which only leads to higher costs.
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
I admire your courage to talk about the economy of China. A country which will not even give a real unemployment rate 😂
Love your shirt
Rich Chinese are buying imported and rest are not getting paid enough cash.
Poor chinese people save 40% of their paycheck.
Rich chinese and poor Chinese buy chinese made products
Bcz everything is made in china .
@@andresgarciacastro1783 in usa our poor can't save bcz they are in debt
The Chinese spin on this: nominal GDP is an outdated concept, and distributions of G, I, C, and X shouldn't be compared to the decadent West, etc etc
It's because the west used dirty economic tactics we must be responsible and fair that's why our population should keep working for pennies we can't afford to pay more
if you believe in GDP then you believe the politicians saying nothing's wrong with the economy and nobody could figure out what's up with far right parties are on the rise...
It is too late for this years' GDP but it is still good for the coming years.
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
Editing error at 4:07
you are blatantly wrong, its not about not having money, its about not spending
中国人吗😂
@@中国爸爸-l5j how did you guess lol?
Good shirt
Too little too late. There are so many different issues with the Chinese economy to the tune of several trillion dollars that there's no way a comparatively measly ~250 billion is going to just make those disappear.
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
4:07 - Someone did a small goof
If there's no U turn on belgerance in SCS ,There will be no trust ,, No trust , no business !!
the biggest problem is people do not trust xi jinping whether china people or foreign investor .
the stimulus will enable local gov to pay salary , which prevent people go hungry.
If you buy a second home you get reduced requirement
Sane person:"what should i do with a second home?"
CCP:"STOP ASKING QUESTIONS AND BUY!"
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘Grace Adams Cook’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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Learned something new with TLDR News: When exports decline, then the domestic Chinese economy/market is too weak to create domestic jobs to help offset the loss. Which means that China's jobs are overly dependent on exports.
The more you know.
TLDR News is teaching you false information. Exports are not down in China, if they were, TLDR would show a graph of it but it won't because it is contrary to their narrative.
These including the demographic issue aren't merely China's economic weaknesses and time bombs; they are the economic vulnerabilities the uni-donor regime in the U.S. is trying exploit exploit.
This crisis must be handled within the context of an economic and financial war, with no stimulus while the Federal Reserve rate remains high. Between the U.S. and China, I don’t know who blinked first, but China did by issuing such stimulus.
What happened here 4:06?
The reason for low consumption in China is excessive debt that people, the state, and private sector businesses cannot repay. This is due to massively excessive money printing, borrowing and quantitative easing by government in order to chase GDP growth. What is China's solution to the problem? Why it is obvious - more money printing, promotion of borrowing, and more quantitative easing, but added to this is is the Chinese government pushing huge amounts of money into the stock market to try to push it up and convince foreign investors to invest in China. I guess that is the only way you can keep a Ponzi scheme going.
😂that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
Before COVID this might have been possible, but now - they will save the money having lost next to all trust and hope.
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
Interesting
funny that so many ppl online who think they r smarter than rich ppl.
Never trust that..sell sell and sell
You need to level audio better or keep mic at consistant distance. Because right now either meat of the text is hard to understand or connection words (so, although and so on) are jump scares.
Until China improves the labor market, lots of pain involved in doing this, workers hours, wages, benefits, sexism, ageism, etc., this economic downslide may last “forever”.
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment
Mrs Emily L Romano was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Emily L Romano.
She must be really dedicated and well trusted for people to talk much good about
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I Started with $5,000 and Withdrew profits $89,000
China the answer is simple, make a traditional fighting game and make it stylistically cool. this is the answer to all things
What's late?
3:56 Stimulus impact is not true.
Not the first time China tried a stimulus. During the Covid recovery, China gave out coupons, which, of course, required spending, so had a direct effect on the economy. The USA, meanwhile, gave $$$, much of which ended up in savings accounts, rather than the economy. China‘s also, several months ago, already made money more liquid, so businesses could, in theory, borrow more. Except that obviously didn‘t work, since there‘s no point borrowing money if you don‘t have demand, and increases the risk of loan defaults.
China’s issues are all traceable to a disregard for a free market economy. The US is heading that way itself.
Sorry, but i just love the shirt!
Keynesian solutions are not going to solve Keynesian problems.
Agreed . Usa is argentina 2.0 .
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule
@@zacksmith5644 Hi there Mr LGBTQ+. The USA is not $40T in debt to China, and certainly isn't Argentina 2.0.
It's quite easy to see you have no idea what you're talking about.
@@philipthecow actually usa is in debt to China in 40 trillion $ and interest alive is 1 trillion $ .
I don't need validation from a cia bot . Stop under reporting.
Source : same as yours lol.
Huge error at 4:07
Top financial tip! Buy lots of remnimbi right now!
At 2:12 do you use AI to generate the clips in your videos?
only about 15yrs late.
2:10 I give it 5 years before that falls apart.
That's good for China because then they can keep people employed with more infrastructure projects :)
Nothing is going to happen
is the tshirt a dig on Xi?
Nope . Thats hindu god
Chinese will reduce debt not consume.
So it will not solve the problem
Yes, China engages in significant deficit spending, though its approach to fiscal policy is more controlled compared to some other large economies. Deficit spending in China is typically driven by government efforts to stimulate economic growth, especially during periods of slower growth or global economic downturns.
China’s government often focuses its spending on infrastructure projects, social programs, and technological innovation. It also uses deficit spending to manage domestic employment and to ensure stable growth targets are met. During times of economic pressure, such as the 2008 financial crisis or the COVID-19 pandemic, China increased deficit spending to support recovery.
The Chinese government’s official debt levels appear lower compared to many Western countries, but there is significant hidden debt in the form of local government borrowing through special financing vehicles and off-balance-sheet activities.
China’s focus on infrastructure investments and support for state-owned enterprises (SOEs) often contributes to this deficit, but they balance this with efforts to keep debt manageable and maintain control over inflation.
I don't buy the inflation part. the creation of debt by any party will inject more money into the economy thus creating inflation. Either these local financing vehicles are not all that common or they are so niche that they don't affect the wider economy and could be allowed to default with no real consequence.
New alliance will be form in Asia and Pacific. PACT Pacific Asia Comitment Treaties. USA, Canada, New Zealand, Austria, South Korea, Japan, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Thailand, India, Taiwan, Brunei, and areas alongside Pacific Asia.
How many times guys, Xi is pronounced pretty much like See, not Jee 😂 he’s not french!
I always pronounce it as Zi
@@yofedstyhrega4594 then you’re always wrong 😂 but in seriousness, I don’t mind how you pronounce it, I just think news commentators who pride themselves on accuracy should actually be accurate.
@4:30 that is a helluva gender imbalance
I hope they U-turn on the U-turn. Keynesian debt driven stimulus will lead to stagnation in the Chinese economy just as it did in Japan, the US and Europe...
BABA, BIDU 📈
Damn didn't Xiconomics work out after all?
that explains why usa is 40 trillion $ in debt to China
Just interest in these debt is best 1 trillion .
Usa is basically under chinese rule