@kelel6656 I think that a country whose housing market is in free for all and needs exports to be increasing substantially year upon year shows all you need to know. Exports growing by 1.5 is rubbish. If china wasn't part of the global postal union and get an unfair trade deal and are able to send garbage temu rubbish they would have been in severe decline already.
I respect what this guy is saying (like property market collapse etc also adding that China has issues with aging population, slow consuming, higher jobless rate etc), but here are some counter-facts 1/ China's net export (export minus import) hit record high, like $100 billion dollars, for a month, in June 2024 2/ Chins's manufacturing as a whole is still growing pretty rapidly (there are reasons why US and EU are trying to ban EVs and Battery and Solar Panels etc) 3/ Most of westerners' have no clue how Chinese government works: they are super super efficient (right or wrongly) and determined to make things happen, no BS like we do here all the time; 4/ China just had their "Third Plenary" in July where they declares new economic strategies for the next 5 years, and they mean it, judging from the track records since 1978 when reform started. 5/ Stock markets in China are NOT good economic indicators for China AT ALL; the Shanghai Index has been hovering around 3000 for the last 10+ years! no one cares and no one uses them as good indicators, like we do in US/EU
China doesn't report their GDP data to the IMF the same way the rest of the world does, the IMF just uses the data they're given. You can research this yourself
@@jaisriram295 I give you 20 years to think about where "ChinaBad" propagandists get their data from... LOL! "We lied, we cheated, we stole" (Mike Pompeo)
China GDP growth rate in 1st half of 2024 is at 5%.. How does US do? 2024 Q1: 1.4% Q2 is not much better. If China Economy is stagnant, would not US be in big trouble?
We are living in a central planned economy where every good thing seems controlled, from real estate to stocks and now gold. I'm open to ideas how to safeguard and grow my wealth amid high inflation, can't let over a mil lose its value by just sitting in my bank.
Right, when it comes to situations like this, having a seasoned advisor diversify your portfolio for high performance is ideal and thankfully, I can attest to this approach, seeing my holdings of $800k grow by 240% in barely 3 years.
@@StephenTho42 please, who is the advisr guiding you? how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i'm an absolute noob at investing
Katherine Nance Dietz is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
The real problem here is that china is going thru what us has been thru during 2008. don't expect china bouncing back any time soon but also don't assume china will be the next japan. japan was much more developed when their economy started to slow down in the early 90s. a gdp of 10k usd per capita does not do justice to the effort china has been putting into its new economy. imo, chinese economy will possibly peak in 10-15 years around 20-30k usd per capita. real danger at that time will be the demographic cliff.
The dominance of China's state-owned enterprises is to maintain the Communist Party's rule and ensure the party's economic income. In addition, many people rely on the Communist Party for their work income.
4.7 % growth is stagnant???
That's some "exceptional" delusion!!! 😂😂😂
😂😂😂😂😂
Imagine thinking that a export orientated country whose growth is declining year on year is not a sign that the Chinese economy is in decline.
@@Micfri300 so, what do you think of an export country with a growth rate of 1.5%? Robust or in decline?
@kelel6656 I think that a country whose housing market is in free for all and needs exports to be increasing substantially year upon year shows all you need to know.
Exports growing by 1.5 is rubbish.
If china wasn't part of the global postal union and get an unfair trade deal and are able to send garbage temu rubbish they would have been in severe decline already.
@@kelel6656 in decline.
A Cold War person has Cold War thinking.
I respect what this guy is saying (like property market collapse etc also adding that China has issues with aging population, slow consuming, higher jobless rate etc), but here are some counter-facts
1/ China's net export (export minus import) hit record high, like $100 billion dollars, for a month, in June 2024
2/ Chins's manufacturing as a whole is still growing pretty rapidly (there are reasons why US and EU are trying to ban EVs and Battery and Solar Panels etc)
3/ Most of westerners' have no clue how Chinese government works: they are super super efficient (right or wrongly) and determined to make things happen, no BS like we do here all the time;
4/ China just had their "Third Plenary" in July where they declares new economic strategies for the next 5 years, and they mean it, judging from the track records since 1978 when reform started.
5/ Stock markets in China are NOT good economic indicators for China AT ALL; the Shanghai Index has been hovering around 3000 for the last 10+ years! no one cares and no one uses them as good indicators, like we do in US/EU
IMF says their GDP is growing at 5%.
China doesn't report their GDP data to the IMF the same way the rest of the world does, the IMF just uses the data they're given. You can research this yourself
Based on fake CCP numbers 😂
@@jaisriram295 No. Based on World Bank data.
@@hokroeger I will give you a min to think about where they get their data from 🤣
@@jaisriram295 I give you 20 years to think about where "ChinaBad" propagandists get their data from... LOL!
"We lied, we cheated, we stole" (Mike Pompeo)
China GDP growth rate in 1st half of 2024 is at 5%.. How does US do? 2024 Q1: 1.4% Q2 is not much better. If China Economy is stagnant, would not US be in big trouble?
Because the US figures are accurate and the CCP figures are fabricated 😂
Let's talk to each other in a years time😂😂😂
And see who is right (me) and who will be seen to be a clown(you)
@@Micfri300 Not sure about the future of America's manufacturing (Boeing, for example). National debt per capita in US is 100K+ per capita
@@binchen china's situation is a whole lot worse than the us.
If you are saying to me germany or japan fine but china lol please
No wonder Americans are in dismal with this kind of nonsense on national news
We are living in a central planned economy where every good thing seems controlled, from real estate to stocks and now gold. I'm open to ideas how to safeguard and grow my wealth amid high inflation, can't let over a mil lose its value by just sitting in my bank.
buy bitcoin! it is decentralized and most secure, thus healthy competition among many miners
I think you're better off speaking with a certified market strategist, they can help with pointers on equities to acquire
Right, when it comes to situations like this, having a seasoned advisor diversify your portfolio for high performance is ideal and thankfully, I can attest to this approach, seeing my holdings of $800k grow by 240% in barely 3 years.
@@StephenTho42 please, who is the advisr guiding you? how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i'm an absolute noob at investing
Katherine Nance Dietz is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
If you want to make money in the market, don't listen to Dennis advice, period! Remember I told you so today!
Or he could have no clue?
He does have a clue.
Literally australia and new zealand economies are both severely contracting.
xhina is attempting to make friends now that their economy has taken a turn for the worse : are they fair weather friends ?
Yep people on CNBC know better than the people in China who have been running that show successfully for a while now......
Trillions of debt, a housing bubble that has burst, major drops in foreign investment, deflation 😂 yeah they doing a swell job 😂😂
Imagine thinking China are running a tight ship
You guys should really focus on your own economy instead of being so invested into others
The real problem here is that china is going thru what us has been thru during 2008. don't expect china bouncing back any time soon but also don't assume china will be the next japan. japan was much more developed when their economy started to slow down in the early 90s. a gdp of 10k usd per capita does not do justice to the effort china has been putting into its new economy. imo, chinese economy will possibly peak in 10-15 years around 20-30k usd per capita. real danger at that time will be the demographic cliff.
CNBC says Kamala is beating Trump too😂
”控制狂“，这个形容很准确👍👍
The world is in a deep recesssion and the fools are just whistling past the graveyard.
selling books, nothing more
The dominance of China's state-owned enterprises is to maintain the Communist Party's rule and ensure the party's economic income. In addition, many people rely on the Communist Party for their work income.
Chinas debt to gdp is not 300% it is 77%
bloomberg show china grow 4 percent some body didnt tall trouth......
4% with 12% government spending isn’t good.
How come a guy who never visit china become china expert? Jedi power? 😂😂😂😂😂😂
Serpentza lived in China for 10 years and I watch his videos and yes china is in severe decline.
Anything on a 1 trillion lost from yesterday marked …. ?
I pity those coys seeking advise from him
😂😂😂 he talking about USA ..
5% not good enough?
Repeating narratives don't make them true. These individuals are making total fool of themselves.
No you are.
THEY PREPARING FOR WAR NOT GOODS
You think Biden is better than Xi? 😂
US stock market thinks so.
5% not good enough?