Is China's economy in serious trouble? | Counting the Cost
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- เผยแพร่เมื่อ 27 มิ.ย. 2024
- China was expected to experience a rip-roaring recovery after it lifted strict COVID-19 restrictions.
But almost a year after the measures ended, the Chinese economy seems to be stumbling.
Prices have fallen. Exports and imports have plummeted. Unemployment has risen. And the real estate crisis has deepened.
The sentiment is so bad that foreign investors fled the stock market last week.
The situation could get even worse after the nation's biggest property developer, Evergrande, was ordered to liquidate.
Tech giants are making big profits, but they are laying off thousands of workers.
Plus, poly-employment is on the rise.
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We should not forget that she lives in Hong Kong and thus has to choose her words carefully.
Ok, but why go do an interview like this then.
@@TheDaftySage Well that's how people are😀
@@TheDaftySage A biased or filtered opinion is still useful information if you know the bias. I sometimes read news sources with a very strong bias, with which I do not agree, but I can still extract information out of this.
@pa_2600 🤣🤣😂😂
By that logic, any positive sentiment on China is false and only negative sentiment is true. Right, sheep?
She is a chief economist at a bank? Everyone, pull your money out of this bank immediately. 😳
Lmaooo, one property developer fails and US media tries to create negative speculation in China. But 3 US banks fail and no news ahahahahahahaha
Seems like a wildly optimistic analysis from Garcia-Herrero. Time will tell.
Agree my view is a lot more pessimistic. This is just the beginning of the downturn which will last many years.
She's based out of HK. She's not allowed to speak freely about the CCP economy. It's against national security laws.
_She is the Chief Economist for Asia Pacific at French investment bank Natixis, based in Hong Kong and is an independent Board Member of AGEAS insurance group._
all data coming from the ccp or organisms that the ccp can hurt will be complete lies.
Bette than you anti china losers
If you're in China "you're not free to tell any negative about China's economy", it's not a secret, it's CCP's directives. China was infamous with being dishonest and fabricating their data.
So this is precisely the reason US is not cutting interest rates yet. China will see a lot more capital outflows in the months to come.
Rates are not even high in the USA. It's also booming here from all the companies moving back.
@@ryanwalters6184Not even high? According to Bloomberg, US Debt Interest Bill Rockets Past a Cool $1 Trillion a Year.
Although high US interest rates are cutting Russia and China deeply by ensuring international capital markets have no interest in those countries, I assure you that those are merely side effects and not the central purpose of US economic policy. US economic policy is entirely based on domestic issues. and the US Fed has been trying to make it very hard for US businesses and consumers to borrow money to pay just about any price for goods and services. The American Consumer is doing so well willing to buy stuff at pre-Pandemic levels that businesses are strongly motivated to borrow to feed that Consumer appetite so the Fed is preventing that from happening to fight inflation.
US economic policy makers are not dreaming up ways to screw up China and Russia, they have their attention 100% on what the US economy needs.
@@deerbeau who does that pay to? That just boosts the gdp.
@@ryanwalters6184Yeah, it can only boost the GDP and last forever without consequences. You’re full of bullsh*t.
Evergrande is just one of many.
The ENTIRE Chinese real estate industry follows the same flawed model.
The writing is on the wall. The entire house of cards is falling down.
Sorry to tell you, the Chinese government has started to solve the problem, very smart way.
But US' housing problem is 100 times worse and yet no mention from you?
Like your momma
@@rogerfaint499
Worse? Not enough inventory is different from oversupply and unfinished highrises.
Stock market is not an indicator for CHINA's economy.
No It's much worse
Owning real estate property is a major and sometimes sole retirement-fund investment for over 100,000,000 in China, significantly effecting more people than invest in Chinese stocks and bonds for retirement fund.
The main property of more than 70% of households is a house
You do not know China. Not like Americans, For example if you make $120,000 salary, your monthly income is $10,000, but if you do not have any retirement saving, after retirement your income will reduce to around $3,000 from social security. But in China, most moderate salary people, after retirement, their social security benefit matches their previous salary or even more than their working salary.
Many people in China do not have basic medical insurance, pensions, let alone Chinese Premier Li Keqiang once said that 600 million people in China earn $150 a month. Suffering can be seen everywhere on this continent.
@@brawhite6157 healthcare in China is free.
@@brawhite6157 What about 27 millions American people without health insurance and accessible into the basic health care.🥸
In the tech sector, you have what’s called employee farming! Giving a highly specialized job to an individual, you had employees at Google (engineers), and all they did was create buttons for people to click on with an app!
still dont get what u mean. What do u mean create button for people to click? care to give an example?
@@heroes8844 let's say you wanna sign up for Gmail, you need to somehow click a button to initiate the wizard/process for creating a new email account. Generally, that entire process could be vetted out with just maybe three or four engineers. That have general knowledge on databases, security, front end web. They would have knowledge across those perspective domains. Work together to put that process into place.
so nobody saw this coming? what about all those ghost cities which accumulated over the years?
everyone looking closely at China saw it coming.
Exactly.......they have been bullying people into accepting this beautiful lie...the lie is now exposed
@@bullpup1337 smart people saw it coming because they know what not to trust.
When they say nobody, they mean people like this woman here.
According to the west, China's economy has been in serious trouble for the last 15 years lol
Al Jaljeera is not west 😂
This is a Middle East outlet though
@@ksrawat88 al jazieera is in the same building as the previous bbc its just rebranded for regional taste
6 trillion lost from the market. Another 1,5 trillion lost from failed belt and road initiatives. Youth unemployment surging. Foreign companies have all left. Sanctions put on the chip markets from the US. And demographics beginning to collapse. Not to mention the ever tightening of freedoms by the government. Things do not look good for China. We are witnessing an epic economic collapse.
Says the guy in the TH-cam comments who knows jack about economics lol.
Don’t bite the hand that feeds you.
LOL China GDP grew by 5.2% LOLOLOL ya right. Says who ? Oh China. Next tell us Russia's GDP.
IMF
Yes it is...not only apartments, condos, buildings and shopping centers sitting idle and rotting away but millions of cars are also sitting idle and rotting. People cant afford the payments anymore, jobs are getting scares. Lots of manufacturing have moved to Mexico and now they have become the USA number 1 trade partner. Its what the Chinese get...got greedy, they bully small nations..its karma in the making.😂😂😂
all these naysayers, uk was in decade of negative equity plus so much default. did uk when bust? also if china tank, the whole world go into recession. and usa will b the worse of the lot. that is why usa is exporting war everywhere. they r trying their best to avoid doing a greece
why the world go into recession when u can move out of china instead =).
3:47 I think this misses the point. Many of those people never planned to move in. Real estate is the traditional "investment" in China. Of course, the collapse of real-estate values will be devastating.
This trend of investing in physical assets started with SE Asia and later moved on to the Gulf, where sporadic investments were made into real estate sectors, sparking the geospatial led investment planning revolution.
Later, other economies tried to catch up, but, we saw how excess supply can lead to shareholder value destruction.
While I am no economist or politician, looking at both areas simultaneously, this is what I see: there are those who knew the effect that the tariffs and the collective pullout of so many international companies would have.
However, it will reach further than just China. With this nation being the second largest economy in the world, what effect will all this have globally? The global effect is the objective.
Is America in debt of upwards of 34 trillion?
Yes. And anyone over there is free to say what they want about it. Are Chinese people free to do the same about their economy?
@@rodders7744 Yes they're so free that they can't even properly define what a woman is. That's what liberty has given them.
What about the debt?
The debt in the US isn't really that bad. The interest % we pay on the debt is less than the GDP growth of the country right now. Also a big part of our debt came under Trump, most of which was to help us get through Covid... and if you look at Germany and China, economically we definitely got through much better than they did.
Debt is not a problem as long as you have the ability to repay it. Most people who talk about this number have no clue about economics. The US is the strongest and richest country in the world and no one comes close.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
This is definitely a Pollyanna view of the Chinese economy. Maybe she knows not to say too much.
Yeap, CCP laws are transferrable to Hong Kong now. Talking bad about the CCP economy is breaking the law in CCP China thus in HK as well.
Sad cant get basic facts right. Evergrande was not the largest property develper they were second or third. Country Garden was the largest developer.
What’s going on with that 1? Was happy to hear the evergrand ceo was arrested, what’s going on with country gardens ceo?
@@maxpower8429 Country gardens executives took massive pay cuts, as high as 96% so they don't get their butts in prison. Plus country garden's ceo and biggest shareholder transfer a lot of their personal shares to a charity controlled by family members. Yes, the left hand is passing to the right hand money... Sneaky sneaky...
The worst yet come.
Unwatchable with that music. Looking for another source.
Pls shorten your initial music introduction. It's too long!
Slashing bank reserves to release cash is "kicking the can down the road" and will sharpen the imminent collapse. It doesn't placate overseas investment, just allows the leaders to grab that cash, take it out of the country to set up their exile.
people have been saying China's economy is in serious trouble for decades now...
Yea because they saw the foundation china was putting down. All the sudden the foundation started to shake. While I understand what you mean, we have never seen china's economy behave this way before. This is pure evidence of the problems whereas before it was just conjecture. China released this data itself and even then we all know they like to paint over their numbers to make it seem less disorderly
The CCP has been hiding a failed economy for decades.
Sweet!
Maybe don’t flex on your wealthiest customers and we wouldn’t be pulling hundreds of billions out of your economy 😂 they forgot you can’t grow without American money.
To quote King Lear, "The worst is not, so long as we say THIS is the worst."
Surgeon,38 years in active practice, last 7 years between 3 to 4 jobs, 2 of them active surgical practices between Southern California and northern New Mexico, the other two for consulting,quality review.
Host: so, AI is the problem?
Interviewee: No, the interest is.
Host: ok, so are you telling about AI?!
Interviewee: NO, interest.
Host: ok, ok, AI. Got it
🙄😏
America is enjoying economic prosperity
Enjoying with 35 trilyun debt😂😂
@@mimimama-vt9hm 1/3 of that debt was created by trump
The Chinese auto industry is doing fine though.
chna auto stocks are tanking!
She keeps going back to Japan haha. If you haven’t noticed Japan is a rich country. China is not.
China is richer than Japan
Per capita? No. Not even close. Japan $33,815. China $12,541---Wikipedia@@alfredhitchcock45
Not impressed with either the host or the interview with economist Alicia Herrera.
I'm sure she's bright but the discussion had no dept and was contradictory at times without explanation.
She said she feared for China's inflation woes.
A couple minutes later, she feared for China's deflation prospects.
You can't have both at the same time. Maybe she's talking about different parts of China's economy? No one can know because it wasn't explored.
She also never discussed specifics like what reforms she favors.
She like many other economists don't describe the contradiction between China's usual GDP growth and the incredible freeze and devaluation of many of China's economic sectors including retail, export manufacturing and of course the real estate property market. Maybe the high tech industry is holding up the overall national GDP figure on its own but maybe not.
Basically, this Al Jazeera episode is no better than, and could be considered inferior to others reporting on the same topics.
Inflation from importing goods at higher prices for food and energy and raw materials and deflation caused by nobody buying Chinese goods so manufacturers have to drop their prices. China have not had much of a charm offensive, more like a beligerance offensive to its biggest trade surplus customers and its near neighbours, it's economy has 57 Trillion USD of total debt and is in a pickle as property it's main economic driver has gone kaput and it will not return to the levels it was, it requires a reset to 10 to 15% of GDP and not 25 to 30%, also housing prices need a major reset downwards, it has not reached the bottom, prices are rigged higher by CCP legislation. The stock market is being rigged by CCP manipulation by imposing strict rules on how people access their capital and it is directing Chinese companies to buy and hold stock, it's not leaving the market free, it has also been manipulating it's currency to keep it at a certain level, local governments need a new funding model and that doesn't even exist yet. China is a big avoid for investors, its cheap but for a reason, Japan has better prospects than China that's why Chinese citizens are buying the stock in vast numbers!?!
6 trillion out from the stock market in just 3 yrs 😂😂 it will just get worse their wumao so u wait 😂
Yes it’s in bad shape. The real estate market has overbuilt by 1 billion homes and the ones that people bought have not been completed. They build the ones they don’t need skimming money and making these houses very unsturdy to get free money from the buyers that already paid. It’s a scheme. There is no demand for anymore houses to be built though maybe forever. The government can’t bail it out even though they will try. The real estate market won’t recover possibly ever. This is only one of the 10 things going on in China that is catastrophic for the economy. If you have any money anywhere in China, get it out now while you still can.
Can you provide the source for the 1 billion overbuilt home figure you mentioned?
Huge problem like your life?
Natixis lady . Gather she is based in HK ?
Any reason at all to believe she can tell the truth
Likely. Hence she has no balls to say it like it is. Natixis gets to keep their office there 😏
This host with his leading questions! Really going for that 'end of China' sound bite huh?🤣🤣
On the hand, US economy is being supported by massive debts while its equity market is partying
Trump added 1/3 to the countries debt in 4 years
And Biden is adding more. So?@@doughooper9918
When China's economy not in trouble for past 30 years? The economists saying this for 30 years
Haha... US unemployment is still 3.7%. "Thousands of layoffs"- when the base is 167 million- is not significant.
China is embarrassed of its historic failings.
Look at the math- USA 300yo v China 4000yo
China is nothing without the world.
Chinas marketing is also plain and stupid.
Unfortunately this lady has underestimated the challenges in China's banking sector, the relative poorness of average Chinese GDP per capita vs Japan at the same stage. Moreover, the key difference is that Japan did not suffer from political divergence with Western economies, China does, so its overhangs with ine child policy, massive debts, ageing demographics amongst other concurrent policy conflicts means it is even worse than Japan in rhe late 80s.
Yup Japan didn’t suffer policy divergence they just weren’t able to withstand US sanctions on chip exports and the plaza accord. Those are the 2 major factors that economist miss when talking about China’s economy. Because China withstood US sanctions their economy will be able to grow on innovation and new tech sectors, plus with BRI, China’s exports do not just go to the west they include other countries and with the sanctions on Russia you have basically handed the Russian entire market on a dinner plate to China. With China being the number one car exporter and BYD sales exceeding Tesla, plus Huawei Mate 60 pro and the Chinese own domestic plane in production, China has plenty of growth industries.
The existing economic data is completely different from what you said, and the world today is also completely different from the 1980s. The West is no longer a force that can completely dominate the world.
Umm it's been in trouble.....where have you been?
Drunk or asleep. Doesn't really matter, she clearly wasn't at work.
That economy is a BIG JOKE LOL
Yes, because they are tied to the dollar
Pulling out business in massive
What do you think happened to your country ....
USA japan south Korean and Europe business exudos pull out thier business.....
World awake on Chinese lies and description
If China cannot get to $25,000 per capital when their market was full steam ahead, what makes her think that they can do it with economic slow down and real estate disaster? Some Chinese are paying mortgages for housing that will never be built, thanks to the country's poor housing and banking policies.
Foreign investors should be paid back first and made whole plus interest. The people in China that paid for homes and will never receive it, too bad for them.
China economy will not be in serious trouble in compared to the west. Why? Because it’s a mix of state owned companies and private companies. Most of the state owned companies are in good shape and they control the key part of economy like banks, insurance , utility plus many important major industries.
Remember, China has over billions of population. Only two countries in the world can say that. China already lifted many poor in years ago. Middle income are growing to few hundred millions. Not to mention about more super rich and mega rich.
China also has the most foreign reserves including gold in the world.
When we said China is trouble why China still have growth , maybe not as much in the past, compared to most countries including the west is negative growth ?
China is now under going a transformation to high end industries and building up a domestic market. To me as a business man. I think some correction is good. The world can’t keep growing without stopping. Rocket high real estate prices is not good for business. A stable growth is much better. Over borrowing and expending crazily also not right.
The world economy is not good and it’s affecting each other. It’s important for US and China working together peacefully. It definitely good for everyone on the planet. By provoking , sanctioning and decoupling are not going to work!
China will occupy Pakistan,,Maldives 😂😂
Myanmar is next Tibet in the making
China is funding both Military & Rebels.
West is worried in just 300B, china reserve stands at 4T and US still owes China worth 800B.😁
hmmm that is a very very very optimistic view of the chinese economy. i’m guessing she’s under orders
It's more likely that she is really incompetent.
Wut???
🤔
The biggest impact of the real estate bust is all the Chinese subjects who have seen their life savings evaporate.
Homelessness is a less of a problem due to the glut of houses. Biden might want to consider moving the San Francisco homeless people there.
China solve the homeless issue for the world. All we need to do is have a 1 way trip to send all homeless from every country to China for permanent residency...
房地产泡沫破裂最大的好处是未来所有中国人不再需要倾尽所有去买房。
Same get reflected to other countries soon and entire financial system will collapse which will lead to new financial system
Like the new financial system we got after 2008?
Is water wet?🤨
no, but if you say that on the Chinese internet your account might get deleted
China economy in serious trouble, but the economy only grew at 5.3%😅😅😅. Developed economies can only dream of hitting that level of growth.
Correct me if iam wrong but China is known for cutting the books and not being forth coming about the economy
@@julianbrown3668 yes and they eat unwanted babies as well usually made in a big couldron. And they stir it with a large stick.
@@julianbrown3668 You are not wrong, their economy growth is normally actually higher than reported if measured by PPP.
China doesn't measure growth after the year is over like Western economies. The government picks a number, then it's up to the provinces to make it happen, and if they don't, they still report back that they did. It's a fictional number. No country with 5% growth would be seeing all the problems China is suffering right now.
China's economy is shrinking. Property construction and related industries are contracting, exports down, retail/restaurant apocalypse, small manufacturing decimated, mass unemployment, etc. If the economy was growing civil servants across the country wouldn't be taking pay cuts. The CCP lies about everything, especially unemployment and GDP growth.
Nope!!
Ever-grande unfortunately turned out to be Short-grande. 😀
When one man is running the show and he is not educated . Same in Russia , Brazil, Argentina...
AI plays no role in layoffs in the tech sector. If you’ve ever seen AI attempt to create a snippet of code it’s laughable.
This has everything to do with zombie jobs
@pa_2600 now that's true
You obviously dont work in one of those companies/big tech
your momma@pa_2600
Why media kept saying how bad is china and how good is US. Actually it's the reversed how much is US owing? And how much is China's?
Hello my dear friend! thank you for the cool video! keep filming! I'll wait for new videos
It's fine. Nothing to see here.
🎉🎉🎉Congratulations 🎉
The stock market is not the economy!
Anytime adrian is an anchor, i thumbs down & stop the video. He excessively stutters, which is cringey & unprofessional.
China still imports the most petrol in the world, a good evidence that China economic is still well.
it's become very dependent on other countries for energy, thats true
The Chinese government already has a lot of policies on these issues, which have been implemented in many cities. Are you still here yelling, "No, it's going down"?
many commentators here waiting and desperately hoping the chinese economy collapse. But these people will be disappointed. To judge a country economy, a few negative factors will not collapse an economy. Real estate is important but not dead sentence. If it is, the chinese government sure will bail them. Which country does not face problems? most important is the overall development and government policy.
Al jazzera really ? You couldn’t get an economist who didn’t have a heavy Spanish accent ?
Yeah, I had to stop listening to her because of that.
Evergrand is not worth 2 bricks from great wall of China.😂😂😂.
GDP is Grossly Distorted Propaganda
How many Ghost Cities are there? That was obviously a problem waiting to burst years ago.
Where is the data on the annual depreciation of automobiles since Sputnik? Has the London School of Economics ever noticed that Adam Smith wrote "read, write and account" multiple times? He used the word 'education' Eighty Times.
When have economists suggested that accounting/finance mandatory in high schools?
Most of those ghost cities are filled now, but msm will always show one and count the exception as the rule.
It cannot be worst for China as the Chinese had endured and encountered economic hardship before that no one can imagined.
China's 40 year turnaround story is being discussed by the West as a miracle. Would China flounder because of a property problem which in many ways is intentional to keep property prices down? China has seen the flaws of high property prices in Hong Kong and Singapore and would not let this to happen in China, leading to fake economic growth but real hardship to the average citizens. Economic growth led by inflating property prices and stock prices is an economy on steroid. Not real growth.
America's 1% economic growth was hailed as rock solid by western analysts. And this is coupled with a 5% inflation which would make the American economy super rock solid. And the same group of analysts dismissed China's 5% growth as a collapsing economy, even when inflation is nearly zero in China.
What would the same analysts describe India's 6% growth? Collapsing faster than China or super solid like America's 1% growth?
China is maturing economy while US is matured ..US grew 3.3% last quarter despite many 'analyst' predicted a recession... annual used growth of 2.1% is good...January jobs figure was stellar to say least...same is not about China.. china's market there is outflow of cash...and hude debt Isreal estate sector......China is said to slow more
You believe Biden's 3.3% when US is sanctioning n cutting trades with so many countries, when Boeing n Apple are not selling well? Any fake growth came from a stock market fed with steroids.
China in debt? It's reserves are more than $3 trillion.
US no debt? Heard of $34 trillion n growing rapidly?
You believe US economy grew by 3.3% when it was reported that it was heading towards recession?@@TheKumbakonam
@@redbeansg it beat all recession expectation by analyst may be you are in parallel universe where Russia is a economic superpower he he....US economy is resilent
You are living in Hollywood or Bollywood?@@TheKumbakonam
一切正在走向数字化……SWFTcoin、XRP、XLM、XDC、HBAR、ALGO、BITcoin 和 VeChain……The world is going digital soon
US companies moving to Vietnam, India from china..
No more are moving to China. Nobody wants Chinese products in the US anymore
She's drunk on Chinese tea. She is probably entangled financially and doesn't dare say what she really thinks.
The host was trying to get her to say China is in crisis and heading into a death spiral. She didn't get the hint 😅
Does a bear sh** in the woods?
catch 23 - a chinese knock-off of catch 22
Garcia should just answer YES or NO whether communist China economy is currently in trouble.
She never answered by instead talking nonsense all along .because she is not sure what she is talking about
This session of video with Garcia is wasting my valuable time watching.
Get lost her
Yes yes yes!!!😊
Europes whole economy is in serious trouble
Honestly that was a pretty dumb comparison she made with Japanese economy. Japan fully developed before the stagnation, whereas China is still developing. China’s low tech manufacturing is NOT something to be proud of. Every country wants to move away from that and then to high value tech or service economy.
It's a dumb comparison from a dumb person.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living a financially stability......
The population is dropping 😢
Its not about China economy, its through out the world, better do whats only required and also with one's own money , thats the only way for peace and easy way out.
No there is rebellion riots in China.
Not true. In my state I'm still in need of 6000 candidates. This is a Chinese CCP issue!
no, with such a large population, thats getting older China has a problem. saying "so does everyone else" is not a solution
Bank of China Ord Attention to stocks will increase
All negativity is already priced in ...
doubt it - China is still trying to push up the markets with state intervention
Fake news
No
The part about layoffs in the USA is completely misleading. Yes, very large companies announced layoffs, but in January 2024, the US economy added 350,000 jobs. If you get laid off from a large company, you immediately have 4 job offers from other companies.
No we are de-globalizing. This happened to the Arabs when in 15th century. Their economy crashed.
Completely wrong. You need to see who is doing layoffs, it that’s your strongest company/industry, meaning you’re in trouble.
Stupid gig jobs and part time hustles
@@jacobmee 350,000 jobs were created in Jan 2024. And no, ' the strongest' companies are not ultra large companies, they are smaller companies that are growing.
thats why america is the #1 ecomony my friends, no matter how salty u are. Rub it in yup yup. Saltiness.
I see china doing 30% of manufacturing as a negative. Because cost to manufacture has become too high. Their domestic consumption isnt good enough to keep empty factories going. Chinas entire market is too heavily manipulated to invest in. Long term slow to no growth with a population collapse, rapidly aging with low births. Made in china has always been kind of a synonym for cheap and low quality, but now it means expensive and low quality.
I've been hearing that the Chinese economy is imploding for 5 years now, and their production capacity just keep increasing.
I believe that if you try to judge China's economy by liberal logic you will always fail to predict anything related to China. To think that the chinese stock market tells you anything is laughable, the only real threat to China is western embargos and sanctions, and not being able to crack the chips market
And as to quality, it's an objective fact that product quality has greatly improved, and they are even leaders in some areas. To deny that fact to me indicates you are ignoring reality to fit what you want to happen.
P.S. gotta love the next story, about US "economy" is soaring because of a bullish stock market, driven by tech, which is currently downsizing and fireing people... I for the life of me cannot comprehend how some people still analyze a country's economy like this...
@@lcg3092 i think your political views on"liberalism" and nationalism clouds your thinking. Nothing personal just gdp , per capita income population and the chance to make a profit are what i look at when making an investment. Facts not emotions is how you invest.. i dont gamble on long shot dragon miracles.
@@lcg3092 I dont know how their production capacity just keep increasing when their factories just keep shutting down, when their worker getting payed less than half of what its original salary, unemployment skyrocketed. With a massive withdrawn of investment and no buyers no exports and an increasement of competition across asia like vietnam, india and others.
India and Mexico will replace China as the manufacturing hub of the world.
@@heroes8844 their average salary has done nothing but increase...
Answer no ,no its not in as much trouble as the United States economy is 😂
It's true, thank God😅
Yes... Western economists have been talking about the same subject since 2 decades ago...
I've heard it didn't grow by 5.2%......
Sir, I wanna tell you something about Myanmar police. Today 14 Myanmar police came to Bangladesh. If you investigate it will be helpful for Rohingya.