Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@ThomasChai05I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
"Izella Annette Anderson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains though but, it's all on a brighter and splurging side for Gold and Silver, should I look that way?
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.
Mao's philosophy was that hardship, chaos and calamity keeps the population busy, more focused on their own survival and more dependent on the ruling class for doling out meagre support - it worked GREAT for Mao!
America has been wishing for China's collapse since 2001, unfortunately that wish finally came true but instead of China its in America... out of control inflation, crime/looting, mass shooting, homelessness, druggies/zombie cities, border/illegal migrants, etc... I guess the old saying s true.. be careful what you wish for
Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Coach Alex. A widely known crypto consultant
I started working with Coach Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
@@michaelk2459 Really? where are you getting your numbers? Beijing dreams? "Unemployment in Canada has been inching up in recent months, hitting 6.1% in March and roughly twice that for young people, according to the federal government's statistical agency"
As a Chinese person, I love this channel so much. Not only can I practice English, but the comments and the content of the program itself are the funniest. -0-
@@Breavis Also, my comment is that the government of that time is not the same as today (its economy definitely is not). In the same way that I hope that the American government is not the same as it use to be.
That is a very naive thought. Who's going to cause the US a problem? Maybe all of the South Pacific can pay for its own security. Maybe China, the largest US creditor, can find its exports shut off from the US, and no semiconductors. Maybe the rest of the world can take care of itself. We are protected by two oceans and friendly neighbors. Where do you think the debts largely came from? China is in very big trouble, and Russia has made a stupid, disastrous mistake in Ukraine. You fail to assess the US situation comparatively. I do agree the US should reduce its debt burden, but your question should be "-What happens to me?"
@@zhuangbamboo-hu1mm Friend, thank you for your response. I am surprised to see a Chinese response on here, are you in China and using a VPN to access TH-cam? I am glad to be able to communicate with you. I struggle to understand your response, maybe because of the language barrier, or maybe Google Translate sucks, hahaha! I don't understand what you mean when you talk about blame and accusation. American people don't accuse China for the bad American economy. That is the fault of America. But in American news headlines, they always say "China's economy will soon collapse" and it never seems true. It seems more true to me that China's economy is doing better than America's economy. Do you agree?
@@-Ncrypt hello！I can access TH-cam using the normal Internet in the company (in China, companies need a link and can apply for it), but I need a VPN for my mobile phone. But this does not affect everyone's connection with the world at all. My colleagues are from India, Germany, and Japan. Regarding what you said about Western politicians always saying that China will collapse, at least I don't think it will happen now, maybe a few hundred years later, because I believe that there is no eternal empire or powerful country. There is life and there is death, and this is true for everything in the world.
@@-Ncrypt Our country's export data this year is very good, mainly electric cars, drones, factory machinery, industrial raw materials, etc. However, the unemployment rate has indeed increased because more industries require fewer and fewer people and machines are becoming more and more advanced. Many advanced factories are run unmanned. In the future, the life pressure of ordinary people will become more and more intense, not only for Chinese people, but also for the whole world. More and more people will be eliminated.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
Its collapsing as a guy with degree in economic data review, the housing market already crasehd in china the population has staggnated and is a massive problem not forseen by china and climate change is the real modern prodlme many over look and is why china has bu8lt many dams to control the floods its in the process of collapsing because it pinned its economy on its people it needs to pin its economy elese where or make more babies
Scientist's started warning about global warming as far back as the 80's, and now about 40 year's later new temperature record's are being broken almost annually Just because the mainland Chinese economy hasn't imploded a week after someone predicted it doesn't mean it won't happen
I am a Chinese,you guess why I’m here?Because most of us Can’t find a job in 2024. I have to say the video is right in some aspects. I really hope our government can do something to change today’s situation.
@@Roole-n9g It is NOT because people in China can't find a job, but because there are more job in 3D (dirty, difficult, dangerous) industry than white collar job. EV industry is a good example.
@@Roole-n9g thats a problem many countries are having. Many are graduating with degrees they can't use because the market is oversaturated. Thousands have been laid off from tech companies alone here in the US.
China will be fine…if we focus 1% of energy on ourselves, we may be able to accomplish much more uplifting our own citizens and improve our social fabric that’s getting worse YoY.
about half of the teens go to college about 30% of them go to trade schools for 2-3 years after K-12 education and 20% of them go straight into work force 5/6/2024 edited: should be after K-9 education, not K-12. After middle school at age 15-16, there is a city-level high school entrance exam. If you have a high enough score and want to go to college, you go to high school. Otherwise you go do trade school(which could lead to college, but not usually) or go straight into workforce. Not all teens go to college.
I had the same thought, but unemployment rates tend to exclude full time students. I am not 100% if this one does but they usually do. So its a 20% unemployment for those *looking for jobs*
how is it that no one notices the volume levels are all over the place and put corrections in place prior to publishing these videos? is there no editor for cnbc youtube?
*People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that*
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
France, the UK, Germany, Japan, Korea, and the USA are also experiencing population decline, but their economies are doing so well that they remain part of the world's strongest economies. The main part is because they are supported by products that produce high added value. I believe that China's economy will also be helped by various products that have high added value. This includes airplanes, semiconductors, robotics, electric cars, superfast trains, medicines, etc. Furthermore, even though China's population is declining, it does not mean that the total number of young people in China for the next 20 years will not be able to provide sufficient workers needed by various industries there. And also, they will keep spending/consuming. In any country, around 50% of GDP comes from consumption.
@@pbworld7858These Are the Largest Economies in the World by GDP 1. United States $26.9 trillion 2. China $17.7 trillion 3. Japan $4.2 trillion 4. Germany $4.1 trillion 5. India $3.7 trillion 6. United Kingdom $3.3 trillion 7. France $3 trillion 8. Italy $2.2 trillion
@@demit007 The important thing is the direction these countries are going. Germany's economy may still be one of the top ones in the world, but it has suffered a lot since it left USA bomb the Nordstream gas pipeline. And the UK has a lot of social and poverty problems despite the elite being rich.
@@pbworld7858 You are right. We should wait for longer-term data to come to a firm conclusion. For now, those countries are the biggest economic powers in the world. Moreover, since in the near future they will continue to produce higher value-added products than the average manufacturing industry, it will guarantee their place in the elite of the GDP rankings for the next 2-3 decades. After all, no country/civilization is bankrupt/ collapse/ disappear except due to climate change and losing wars. At this point, it is very natural for Russia's GDP to fall quite deeply, and the condition could be very dangerous for the economy if Russia loses the war against Ukraine and its proxy war supporters.
Why are we worried about the collapse of China's economy. Should we worry more about our $35T debt crisis, homelessness, aging infrastructures, out-of-control crimes, extreme climate changes, border crisis, unaffordability of healthcare and housing, social security insolvency, student debt crisis, gun violence, and many more?
This year, China's economy is expanding by 5 percent, solidifying its position as the world's second-largest economy. Notably, it's undergoing a significant transition from traditional manufacturing to a focus on high-quality growth. Moreover, factories are increasingly adopting automation technologies, marking a pivotal shift in production methods.
Thank u for this. May i ask, when u first decided to turn this into a career, what were the first steps u took in terms of really educating yourself? And what was ur initial investment and the amount you started trading with. Thank u again.
i've been thinking the same thing as-well, from my perspective depopulation might be the best course to prevent large wide spread unemployement and poverty in the future. thanks to AI and Robotics the future can actually operate with a smaller population to also take care of the aging population in terms of labour and production. From my understanding increasing a countries population is going to have a negative effect later in the future when these technologies become the norm across industries
On one hand you have high unemployment for the young people. Then you say that population is declining creating a shortage of labor. How can these two can be true at the same time?
If any government capable of solving any problem it will be the Chinese government, not politicians from the West who sit comfortably in the pockets of the corporations.
Innovative solutions will come from the efforts of the non-corrupt private sector. Unfortunately for the Chinese, there is very little non-corrupt private sector under Xi Jinping’s rule.
Per John Ross "Apparently, according to Bloomberg’s analysis, China’s annual average of 4.5 per cent a year growth in the last four years is an economy in severe crisis, whereas the US’s 1.8 per cent is allegedly strong growth - not to speak of Britain’s 0.1 per cent. Similar rhetoric, out of all contact with factual reality, pervades the Financial Times, The Economist, or the Wall Street Journal."
It’s a bit confusing, first part says there’s 20% unemployment for new grads, the second part says there’s not enough young workers? Or are they just over qualified?
Basically there is a mismatch in the jobs market, there is record demand for young physically able workers who can keep up with the factory jobs but a much bigger percentage of young people are now collage grads who don't want to work those jobs.
Much like there are a million jobs open in the US right now, but they're all low pay teaching and trucking jobs nobody freaking wants. Because hours are long, work is hard and people want better for themselves if they can afford to hold out, they will.
lol “61 percent of people ages 15 to 24 are unemployed, according to Statistics South Africa, a government agency.”. 21% unemployment from 16-24 in China? South Africa would LOVE to have that stat.
I leave two numbers here. Then you know how comes the high youth umployment. In 2017, the number of college graduate is 7.35 million. In 2023, the number is 11.58 million. 60% more in just 6 years. Now you understand?
The thing with GDP is that it only factors productivity irrelevant if a product is sold or not. Also the CCPs' huge state subsides inflate the GDP figure even more.
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hardlanding risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China. 2004. The Economist: The Great Fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a SoftLanding? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012. American Interest:2008. Forbes: Hard Landing In China? 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going ToCrash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think 2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere
high unemployment rate in China is probably the reason why there are so many Chinese workers now in the Philippines, especially in online gaming sector.
Great report, love the clarity and openness of the presentation. I just returemed from 5 weeks in China. This puts my observations in good perspective.
Another problem is the rampant corruption among both contractors and local government officials. There are massive shortcuts being taken during construction to enable funds to be skimmed off the top resulting in what is called tofu dreg construction where buildings collapse under their own weight or are rendered unlivable due to cheap inferior materials being used. So even if you do receive the apartment you paid for odds are its substandard and potentially a deadly debt trap.
Keep spreading misinformation? If your claim is remotely true, we should be seeing entire cities collapsing since they have been over-building for over a decade now. I mean a lot of this crap you really have to pull out of your rear end to make sense of it. It's like racist always saying black people are lazy by nature. No they're not, their DNA is the same as ours.
Wait, age 16-24 unemployment rate is 21%, you dont graduate school in China until 18 for high school, 22 for college, 25 for post grad... I dont understand the stat. How hard are school-aged kids really looking for jobs in an education-focused country 😅
@OliverLiam-px3vx Our family got introduced to a financial consultant”RPC WEALTH. LLC” about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips
@@HRMColoniallifeinsurance Wow, that's impressive! I've heard of them I'm excited to hear about their success stories. I've actually had my mortgage paid off by following their guidelines calls.
Why can't you accept the fact that things go not so well in China. And the west is doing ok ? Why can't you accept it and handle it. You probably didn't visit china last while right? :)
Never mind researching a collapse, consider this: 1-the people who built the China we see today are now in the post-sixties age bracket, 2-this group of people will die over the next twenty years to thirty years, 3-the young people today do not want to do what their parents did, that is work hard and that generation created a miracle, really, 4-young people are not having kids at all, either they do not want or cannot afford to have kids, 5-the population overall will lose one-third of what they have today and that they will have by 2060. No one knows how the Chinese leadership will deal with this. No one can deny the miracle of the past forty years in China. It is an amazing achievement, really. The coming decline in population will be a huge problem for China and for the rest of the world. There is no way around this demographic reality.
There's an old saying in China, I believe similar one in English is there too, that a family wealth does not last for three generations. To compare with the reality you could consider that the first generation that helps the US tookoff in the first place in in the early1900s to WW2. The second generation that lives upon it is in the 80-90s golden age of the US. Now it's already the third generation for the US who doesn't have the same effort, attitude, persistence, or other first and second generation traits that the current Chinese has. China is now only in its second hardworking generation. The US nowadays is just like a trust fund baby that eats up his predecessors.
China is doing far better than the USA, which is on the brink of national debt default, several bank collapses in a row, massive layoffs in tech industry, nation-wide worker strikes, global de-dollarizaton, skyrocketing inflation even after so many interest rate hikes like there's no tomorrow
The thing is, if you look at last 40 years, the pace and issues they're facing is at a very accelerated rate. Even last 20 years, China's highs and lows in the mfr'ing % are reached where U.S. took closer to 50 years.
So China has demographic decline problem AND youth unemployment problem, sound like these two problems will cancel each other out in the future. As for property problem, unless people don't need home anymore, it will come back, and it will come back healthier without property speculation/gambling problem. As for developers who can't pay their offshore debts, so sad.
China has been in crisis always for last few centuries. When I was kid, youth unemployment was close to 90%. Youth often need wait for their parents retirement to take their parent role as substitution.
America has been wishing for China's collapse since 2001, unfortunately that wish finally came true but instead of China its in America... out of control inflation, crime/looting, mass shooting, homelessness, druggies/zombie cities, border/illegal migrants, etc... I guess the old saying s true.. be careful what you wish for
@@nicholasl5247 Because there's this dumb logical fallacy that everyone falls for. You see this in youtube comments too. "I'm from Turkey so I know if we lean towards Russia or NATO". No you don't, you only represent yourself. Being from Turkey HELPS, but it's not an exclusive indicator. The same thing in this video. Being Asian descent doesn't make you any more credible. You can be 100% white and still know more about China than a Chinese kid in Missouri.
What a cruelly stupid world! Why expect the youth to work when they're supposed to be in school to acquire higher education and skills to become employable?
@@HermanWillemsSource : bloomberg China is the top contributor to global growth over the next five years, with its share bigger than all Group of Seven countries combined, according to Bloomberg calculations using International Monetary Fund forecasts. China accounts for about 21% of the world’s new economic activity from this year through 2029.
If you go by western media and news, China has been in crisis since 1970. If you actually LIVE in China, it's quite nice here. Source: I actually live in China.
2016: China's economy is in bad shape 2018: China will collapse in 2 years 2020:China's Is About To Collapse 2021: why China's market will collapse 2022: China's will collapse in 25 days 2023: Why China's Collapse is Imminent 2024: China‘s looming crisis when their timer count to zero after the predictions, they just reset the timer and do it all over again, easy money!😂
I went to ChongQing and ChenDu in March, I had a blast!!! such beautiful cities , very clean. I think people are generally happier in China than people in the west
At 19:00 the economist dismissing India's rise is probably wrong about "that expectation". It only took China about 30 years to develop almost beyond recognition.
Their argument is counter to the facts they cite. A smaller population with the same production rate means that unemployment SHOULD be low, and wages should be rising in a job market that should be competitive for the employer. They are describing what you would see in an economy that is faltering.
Over 8 billion people on Earth, it is hard to imagine that earth can continue to support that many people without some very bad things happening in the future. Just the processing of that much sewage is crazy. And many places are not processing it, it just goes into the ground water and into the ocean.
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.Read more
Stacy Lynn Staples "a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
If they never mentioned China in this story, one couldd assume it is about the US. The problems highlighted in this story are affecting all modernized and westernized countries. Relocating exploitative manufacturing to economically emerging countries isn't a solution. What will happen when there are no more countries to exploit?
USA: " We have devoted a great amount of time and energy to study your economy. We are very sorry your economy is slowing down" China: "Thank you for you interested in China. Sorry we didn't have time to help you in your research. Now we have to continue working"
In junior high, we did an experiment where we watch mold grow on agar agar in a petri dish. At first it flourished, then a new growth grew on the dead mold, and after all the resources were used up, it died. Growth without the logical application of projected outcomes is suicidal. Plus with the Age of AI and Robots is exponentially blasting into our reality, at least 1/2 of the jobs at all levels of income will be gone. Fewer people is fantastic.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@ThomasChai05I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
"Izella Annette Anderson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
With the Fed cutting interest rates by 50 bps, what do you think will happen to the stock market? My portfolio has performed exceptionally well this year, but I am concerned about the possibility of a market crash and losing my gains though but, it's all on a brighter and splurging side for Gold and Silver, should I look that way?
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Stacy Lynn Staples. You’d find necessary details to work with a correspondence to set up an appointment.
I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.
hi CNBC, name a era that China is not in a crisis.
Mao's philosophy was that hardship, chaos and calamity keeps the population busy, more focused on their own survival and more dependent on the ruling class for doling out meagre support - it worked GREAT for Mao!
FAKE ACCOUNT !
LMAO🤣...You should ask CNBC, when they will make news about China isn't in crisis.
1995-2015
You figured out the key feature of Chinese history. Not a civilization at all.
The world, not just China needs to rethink the notion of growth.
So many of these issues stem from the capitalist mindset of infinite growth and the expectations that creates among investors
America has been wishing for China's collapse since 2001, unfortunately that wish finally came true but instead of China its in America... out of control inflation, crime/looting, mass shooting, homelessness, druggies/zombie cities, border/illegal migrants, etc... I guess the old saying s true.. be careful what you wish for
They measure growth by how many billions the riches people have.
I agree
@@KNByam spot on 👍
Having kids solely to support an economic system that has never been able to provide jobs for everyone is absurd. 😳
Not to mention, NO ONE wants to live like a financial slave.
Having your government set a limit to the amount of kids you can have is even worse 😮
@@KS0102that’s why hobo ism and living in your car is so popular in the USA where people can’t even decide what gender they are
@MrLazlness lol this talking point is so 18 months ago
Making u wonder what is that we are saving, this capitalism system they exploited us ???
Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Coach Alex. A widely known crypto consultant
I started working with Coach Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
I'm a beginner please how can i reach out Coach Alex
watching this in Canada unemployed...
Im fron china，to be honest,it goes same situation in china which unemployed rate has go so high right now
@@wenkaizhai2443 你连工作都没有啊five
@oldbeergangster2381 our youth unemployment problem in Canada is 21% as well.
@@michaelk2459 Really? where are you getting your numbers? Beijing dreams? "Unemployment in Canada has been inching up in recent months, hitting 6.1% in March and roughly twice that for young people, according to the federal government's statistical agency"
CNBC is American, so why does Canada, a country with very low unemployment rate, have anything to do with this video?
As a Chinese person, I love this channel so much. Not only can I practice English, but the comments and the content of the program itself are the funniest. -0-
How's the freedom of speech going?
@@XxBloggs Columbia U.
@@Breavis 30 years ago, is like speaking of
Tulsa race massacre (1921)
Rosewood massacre (1923)
Harlem race riot (1935)
Zoot suit riots (1943)
Harlem race riot (1943)
Harlem race riot (1964)
Watts riots (1965)
Detroit riot (1967)
Los Angeles riots (1992)
@@Breavis Also, my comment is that the government of that time is not the same as today (its economy definitely is not). In the same way that I hope that the American government is not the same as it use to be.
@@XxBloggsJulian Assange
I think the United States should worry about their trillions dollar debts instead of spreading negative news
Malaysia and Russia is done
That is a very naive thought. Who's going to cause the US a problem? Maybe all of the South Pacific can pay for its own security. Maybe China, the largest US creditor, can find its exports shut off from the US, and no semiconductors. Maybe the rest of the world can take care of itself. We are protected by two oceans and friendly neighbors. Where do you think the debts largely came from? China is in very big trouble, and
Russia has made a stupid, disastrous mistake in Ukraine. You fail to assess the US situation comparatively. I do agree the US should reduce its debt burden, but your question should be "-What happens to me?"
There are a thousand trillionaires in the United States. Ted Turner pays for this paradigm.
35 Trillion!
Not trillions
they dont have too
China’s been in “looming crises” for years. I’m sick of reading it in the headlines. They seem to be doing better than we are, sadly.
其实每一个指责都有部分的正确性，这帮助中国更谨慎的前进。而更多的指责是一种战争，舆论战争，是希望这个国家混乱。我思考的是指责是为了更好么？我不认为西方的指责是这个目的。
@@zhuangbamboo-hu1mm Friend, thank you for your response. I am surprised to see a Chinese response on here, are you in China and using a VPN to access TH-cam? I am glad to be able to communicate with you. I struggle to understand your response, maybe because of the language barrier, or maybe Google Translate sucks, hahaha! I don't understand what you mean when you talk about blame and accusation. American people don't accuse China for the bad American economy. That is the fault of America. But in American news headlines, they always say "China's economy will soon collapse" and it never seems true. It seems more true to me that China's economy is doing better than America's economy. Do you agree?
By what metric are they doing better? America has its own issues, but Chinese economy has really struggled to recover since covid.
@@-Ncrypt hello！I can access TH-cam using the normal Internet in the company (in China, companies need a link and can apply for it), but I need a VPN for my mobile phone. But this does not affect everyone's connection with the world at all. My colleagues are from India, Germany, and Japan. Regarding what you said about Western politicians always saying that China will collapse, at least I don't think it will happen now, maybe a few hundred years later, because I believe that there is no eternal empire or powerful country. There is life and there is death, and this is true for everything in the world.
@@-Ncrypt Our country's export data this year is very good, mainly electric cars, drones, factory machinery, industrial raw materials, etc. However, the unemployment rate has indeed increased because more industries require fewer and fewer people and machines are becoming more and more advanced. Many advanced factories are run unmanned. In the future, the life pressure of ordinary people will become more and more intense, not only for Chinese people, but also for the whole world. More and more people will be eliminated.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
I'm 37 and have been looking for a way to be successful, please how do i archive that?
Sounds familiar, I have heard her name in several occasions both her success stories in the wall street journal.
Evelyn Cheng is a wonderful presenter. Easy to understand, and makes clear and concise points.
Dude if America had a ghost city near me. I would Straight up move there to save money. 😅
America is full of cheap properties, but it requires being retired or having remote work lined up. All the better paying careers are near cities.
It right there, called Detroit. And there are plenty of abandoned properties in the rust belt.
Naw bruh! I ain't living with no ghosts. 👻👻👻
@@haihenghlol Detroit has $1 houses that no one wants.
🤣
i feel like you released this video like year ago????? Anyone else noticed?
Left over Pizza taste better the morning after .
28 sec in the microwave !🙃
yeah these are compilation type videos. If you pay attention to the start of each section, they tells you when each video was published
I feel the same too and the same will be reported years and decades later
If I got a dollar everytime the West says China is collapsing, I would be the next Elon lol
Its collapsing as a guy with degree in economic data review, the housing market already crasehd in china the population has staggnated and is a massive problem not forseen by china and climate change is the real modern prodlme many over look and is why china has bu8lt many dams to control the floods its in the process of collapsing because it pinned its economy on its people it needs to pin its economy elese where or make more babies
Funny, because no one said it in this video.
In billions of years...
I need 10 cents only....
Scientist's started warning about global warming as far back as the 80's, and now about 40 year's later new temperature record's are being broken almost annually
Just because the mainland Chinese economy hasn't imploded a week after someone predicted it doesn't mean it won't happen
I remembered 10 years ago there were videos talking about China's looming economic downfall and here we are still talking about it.
I am a Chinese,you guess why I’m here?Because most of us Can’t find a job in 2024. I have to say the video is right in some aspects. I really hope our government can do something to change today’s situation.
@@Roole-n9g It is NOT because people in China can't find a job, but because there are more job in 3D (dirty, difficult, dangerous) industry than white collar job. EV industry is a good example.
YES, IT TAKES TIME, BY 2050 CHINA WILL HAVE ONE HALF THE PEOPLE THE USA WILL HAVE DUE TO IMMAGRATION IN THE USA
@@Roole-n9g you have time to complain,but not time to find a job,are you a clown?
@@Roole-n9g thats a problem many countries are having. Many are graduating with degrees they can't use because the market is oversaturated. Thousands have been laid off from tech companies alone here in the US.
China will be fine…if we focus 1% of energy on ourselves, we may be able to accomplish much more uplifting our own citizens and improve our social fabric that’s getting worse YoY.
such an unbiased documentary. really enjoy it.
16-24? ain't most of them in school? Chinese parents push hardcore schooling...
about half of the teens go to college
about 30% of them go to trade schools for 2-3 years after K-12 education and 20% of them go straight into work force
5/6/2024 edited: should be after K-9 education, not K-12. After middle school at age 15-16, there is a city-level high school entrance exam. If you have a high enough score and want to go to college, you go to high school. Otherwise you go do trade school(which could lead to college, but not usually) or go straight into workforce.
Not all teens go to college.
@@leanliferand unless they meet grade requirements, high school isn't free so they need to leave school at 16
I had the same thought, but unemployment rates tend to exclude full time students. I am not 100% if this one does but they usually do. So its a 20% unemployment for those *looking for jobs*
This is a really funny figure… I think most likely the figure should be above 30% ….
Funny CNBC….
There’s a reason why Chinese make a significant percentage of the people crossing in Mexico
how is it that no one notices the volume levels are all over the place and put corrections in place prior to publishing these videos? is there no editor for cnbc youtube?
*People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that*
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
I'm surprised that you just mentioned and recommend Mr David Mark. I met him at a conference in 2018 and we have been working together ever since.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
France, the UK, Germany, Japan, Korea, and the USA are also experiencing population decline, but their economies are doing so well that they remain part of the world's strongest economies. The main part is because they are supported by products that produce high added value.
I believe that China's economy will also be helped by various products that have high added value. This includes airplanes, semiconductors, robotics, electric cars, superfast trains, medicines, etc.
Furthermore, even though China's population is declining, it does not mean that the total number of young people in China for the next 20 years will not be able to provide sufficient workers needed by various industries there. And also, they will keep spending/consuming. In any country, around 50% of GDP comes from consumption.
Germany doing well? What panet are you living on? Don't get me started on the UK
@@pbworld7858These Are the Largest Economies in the World by GDP
1. United States $26.9 trillion
2. China $17.7 trillion
3. Japan $4.2 trillion
4. Germany $4.1 trillion
5. India $3.7 trillion
6. United Kingdom $3.3 trillion
7. France $3 trillion
8. Italy $2.2 trillion
@@demit007 The important thing is the direction these countries are going. Germany's economy may still be one of the top ones in the world, but it has suffered a lot since it left USA bomb the Nordstream gas pipeline. And the UK has a lot of social and poverty problems despite the elite being rich.
@@pbworld7858 You are right. We should wait for longer-term data to come to a firm conclusion. For now, those countries are the biggest economic powers in the world.
Moreover, since in the near future they will continue to produce higher value-added products than the average manufacturing industry, it will guarantee their place in the elite of the GDP rankings for the next 2-3 decades.
After all, no country/civilization is bankrupt/ collapse/ disappear except due to climate change and losing wars. At this point, it is very natural for Russia's GDP to fall quite deeply, and the condition could be very dangerous for the economy if Russia loses the war against Ukraine and its proxy war supporters.
😅@@demit007
Why are we worried about the collapse of China's economy. Should we worry more about our $35T debt crisis, homelessness, aging infrastructures, out-of-control crimes, extreme climate changes, border crisis, unaffordability of healthcare and housing, social security insolvency, student debt crisis, gun violence, and many more?
So in essence we need to be MOST worried about the bigger crisis of the return of LORD KING CHRIST!
BECAUSE EVERYTHING YOU BUY IS MADE IN CHINA, MOST DRUGS COME FROM CHINA, INFLATION IN THE USA WILL INCREASE IF WE HAVE TO BUILD IT HERE,
You did not mention the worst of them - woke mob.
Thank you State Department!
when will the government realize it's not that young people don't want to buy house, they simply don't have the money. housing bubble need to end
The crazy obsession with houses has to stop!
This year, China's economy is expanding by 5 percent, solidifying its position as the world's second-largest economy. Notably, it's undergoing a significant transition from traditional manufacturing to a focus on high-quality growth. Moreover, factories are increasingly adopting automation technologies, marking a pivotal shift in production methods.
Yes, that's happening in a parallel universe as we speak
Thank u for this. May i ask, when u first decided to turn this into a career, what were the first steps u took in terms of really educating yourself? And what was ur initial investment and the amount you started trading with. Thank u again.
In the city builder genre of video games, this is called a death spiral.
Have Another Kid And It Will Be Replaced By A Robot, Don't Forget I Told You So?!?
i've been thinking the same thing as-well, from my perspective depopulation might be the best course to prevent large wide spread unemployement and poverty in the future. thanks to AI and Robotics the future can actually operate with a smaller population to also take care of the aging population in terms of labour and production. From my understanding increasing a countries population is going to have a negative effect later in the future when these technologies become the norm across industries
Both of you are right
On one hand you have high unemployment for the young people. Then you say that population is declining creating a shortage of labor. How can these two can be true at the same time?
Different labor markets. Retiring low skilled, poorly educated manual laborer Boomers. Highly educated, high-skilled job seeking young graduates.
@@yopyop3241I would like to know how many as in actual numbers of 21%.
And I still do not understand why it's scary in economics terms.
I have lived through three real estate booms and busts!!!
This one in china is the granddaddy of them all!
Tell me more about our real estate.
Any similar analysis on India ?
No need because India is ally of the US.
A growing economy with a large young workforce. It will be able to better retain its talents if it supports innovation and high-paying job creations.
Hopeless no future third world Forever.
Watching from Melbourne, Australia and unemployed
If any government capable of solving any problem it will be the Chinese government, not politicians from the West who sit comfortably in the pockets of the corporations.
Innovative solutions will come from the efforts of the non-corrupt private sector. Unfortunately for the Chinese, there is very little non-corrupt private sector under Xi Jinping’s rule.
HAVING BABIES NOT ENOUGH FOR THE FUTURE ECONOMY, GOV CAN NOT DO ANYTHING ABOUT IT
CNBC has the best comedy.
Vinnie Pooh
Delusional@@borghorsa1902
Per John Ross "Apparently, according to Bloomberg’s analysis, China’s annual average of 4.5 per cent a year growth in the last four years is an economy in severe crisis, whereas the US’s 1.8 per cent is allegedly strong growth - not to speak of Britain’s 0.1 per cent. Similar rhetoric, out of all contact with factual reality, pervades the Financial Times, The Economist, or the Wall Street Journal."
It’s a bit confusing, first part says there’s 20% unemployment for new grads, the second part says there’s not enough young workers? Or are they just over qualified?
Basically there is a mismatch in the jobs market, there is record demand for young physically able workers who can keep up with the factory jobs but a much bigger percentage of young people are now collage grads who don't want to work those jobs.
Much like there are a million jobs open in the US right now, but they're all low pay teaching and trucking jobs nobody freaking wants. Because hours are long, work is hard and people want better for themselves if they can afford to hold out, they will.
@@nomobobby yes, and it’s a big mistake to take up a lower job, it’s likely you will not get out of that to something much better
lol “61 percent of people ages 15 to 24 are unemployed, according to Statistics South Africa, a government agency.”. 21% unemployment from 16-24 in China? South Africa would LOVE to have that stat.
ok so china wont collapse as hard as south africa, that isn't saying much my guy XD.
Keep in mind that Chinese numbers are beautified. If you work one hour a week, you are not counted.
@@unconventionalideas5683 Dude, Chinese people of this age are in school
Thank you for your extremely valuable insight and wisdom in these days of chaos and confusion ...
I leave two numbers here. Then you know how comes the high youth umployment.
In 2017, the number of college graduate is 7.35 million.
In 2023, the number is 11.58 million.
60% more in just 6 years. Now you understand?
Yeah but gdp increase from 2017 to 2023 is close to 60 percent as well. You would think the businesses should be able to take in the educated youth
@@timmaytwister thats why chinese GDP is growing at 5.2 percent instead of 2.5 percent liket the u.s
The thing with GDP is that it only factors productivity irrelevant if a product is sold or not. Also the CCPs' huge state subsides inflate the GDP figure even more.
They're simultaneously having too few kids and not having enough jobs for youths that just enter the job market. yikes.
AI, cryptocurrency and job apathy after recession and pandemic dissolution have made the prospect of careerism a triviality for low wages.
And we all know that America is a great country. And the American dream is stronger than ever : no poverty , no drugs, no violence in USA.
not poverty - yanks love the great outdoors
not drugs - very strong pain killers
not violence - just showing their support for the 2nd amendment
🤣😂
The more you hear about the China Collapse conspiracy, the more you should worry about the economies of the West.
China always produce lyrics for Western mainstream media and politicians, keep singing!!!😂😂
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hardlanding risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. KWR International: How to find a soft landing if China.
2004. The Economist: The Great Fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a SoftLanding?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012. American Interest:2008. Forbes: Hard Landing In China?
2012. American Interest: Dismal Economic News from China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going ToCrash?
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think
2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere
@@yuxiangluo8614 First decline in 60 years. That's huge ok.
Chyna bot to Xitler rescue
@@HermanWillemsmy decline is still better than your incline, keep coping
@@hejohn9227 why u so salty. Ur hurt? Im doing great ok. No need to attack me. Personal attack = weakness. Ur weak dude
Watching this as an unemployed homeless dude in America. Everyone please pray for me that i get a job soon im depressed and homeless.
If chine is collapsing why America 🇺🇸 so much worry about?
Most Americans aren't. Don't worry.
high unemployment rate in China is probably the reason why there are so many Chinese workers now in the Philippines, especially in online gaming sector.
Great report, love the clarity and openness of the presentation. I just returemed from 5 weeks in China. This puts my observations in good perspective.
Anyone amazed at how the old man was doing gymastic at the public park? he must have been in his 70s.
it's normal
common in china
Another problem is the rampant corruption among both contractors and local government officials. There are massive shortcuts being taken during construction to enable funds to be skimmed off the top resulting in what is called tofu dreg construction where buildings collapse under their own weight or are rendered unlivable due to cheap inferior materials being used. So even if you do receive the apartment you paid for odds are its substandard and potentially a deadly debt trap.
Keep spreading misinformation? If your claim is remotely true, we should be seeing entire cities collapsing since they have been over-building for over a decade now.
I mean a lot of this crap you really have to pull out of your rear end to make sense of it.
It's like racist always saying black people are lazy by nature. No they're not, their DNA is the same as ours.
Wait, age 16-24 unemployment rate is 21%, you dont graduate school in China until 18 for high school, 22 for college, 25 for post grad... I dont understand the stat. How hard are school-aged kids really looking for jobs in an education-focused country 😅
Come on, are you saying Americans have a monopoly on stupid? 😂😂😂 Every country have drop outs.
Ah yes, the ad I got going into this video is sponsored by AIPAC.
If they say the population decreased but 850k, assume its much greater. If they say this is the first year of it, assume it’s been happening for 5+.
The cost of living seems to be increasing every year, making it harder to keep up.
Indeed, it's becoming quite challenging to manage expenses.
@@MelissaHobbs-qm8wi I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.
@OliverLiam-px3vx Our family got introduced to a financial consultant”RPC WEALTH. LLC” about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips
@@HRMColoniallifeinsurance Wow, that's impressive! I've heard of them I'm excited to hear about their success stories. I've actually had my mortgage paid off by following their guidelines calls.
@@AshleyKeith-vw7ws That's interesting. How did you connect with the company ?
China may or may not be in crises, but the US certainly is, like never before!
Russian and China with Vinnie Pooh is.
Those property development companies should never have been allowed to sell unbuilt homes.
CNBC, why not focus on what's taking place in the United States?
they make 10 videos a week about "whats taking place in the United States." Why are Chinese so sensitive to Western criticism?
@dfdf-rj8jr I don't know, you would have to ask someone who is Chinese.
Because the US almost reach it's end, you can talk whatever on the TV, nothing will be solved.
Don’t worry, Chinese propaganda focus on what ‘s taking place in the US
Things must be bitter and hard in the US for them to post this propaganda.
Why can't you accept the fact that things go not so well in China. And the west is doing ok ? Why can't you accept it and handle it. You probably didn't visit china last while right? :)
Never mind researching a collapse, consider this: 1-the people who built the China we see today are now in the post-sixties age bracket, 2-this group of people will die over the next twenty years to thirty years, 3-the young people today do not want to do what their parents did, that is work hard and that generation created a miracle, really, 4-young people are not having kids at all, either they do not want or cannot afford to have kids, 5-the population overall will lose one-third of what they have today and that they will have by 2060.
No one knows how the Chinese leadership will deal with this. No one can deny the miracle of the past forty years in China. It is an amazing achievement, really. The coming decline in population will be a huge problem for China and for the rest of the world. There is no way around this demographic reality.
There's an old saying in China, I believe similar one in English is there too, that a family wealth does not last for three generations.
To compare with the reality you could consider that the first generation that helps the US tookoff in the first place in in the early1900s to WW2. The second generation that lives upon it is in the 80-90s golden age of the US. Now it's already the third generation for the US who doesn't have the same effort, attitude, persistence, or other first and second generation traits that the current Chinese has. China is now only in its second hardworking generation.
The US nowadays is just like a trust fund baby that eats up his predecessors.
China is doing far better than the USA, which is on the brink of national debt default, several bank collapses in a row, massive layoffs in tech industry, nation-wide worker strikes, global de-dollarizaton, skyrocketing inflation even after so many interest rate hikes like there's no tomorrow
The thing is, if you look at last 40 years, the pace and issues they're facing is at a very accelerated rate. Even last 20 years, China's highs and lows in the mfr'ing % are reached where U.S. took closer to 50 years.
The Chinese be sitting somewhere laughing at this report 😂😂😂.
I am one of them 😂
I Live in China40years， that true for this report!
@@chrislui571 China will be selling her garbage to Russia only. Two terrorist states. Europe and USA will no longer buy Chinese garbage
On the contrary, I am keeling in front of emperor and crying at this report.😢
So China has demographic decline problem AND youth unemployment problem, sound like these two problems will cancel each other out in the future. As for property problem, unless people don't need home anymore, it will come back, and it will come back healthier without property speculation/gambling problem. As for developers who can't pay their offshore debts, so sad.
China has been in crisis always for last few centuries. When I was kid, youth unemployment was close to 90%. Youth often need wait for their parents retirement to take their parent role as substitution.
When i saw they most interviewed west-based Female Asian descendants about insights of China economy , i am just laughing .
America has been wishing for China's collapse since 2001, unfortunately that wish finally came true but instead of China its in America... out of control inflation, crime/looting, mass shooting, homelessness, druggies/zombie cities, border/illegal migrants, etc... I guess the old saying s true.. be careful what you wish for
@@nicholasl5247 Because there's this dumb logical fallacy that everyone falls for. You see this in youtube comments too. "I'm from Turkey so I know if we lean towards Russia or NATO". No you don't, you only represent yourself. Being from Turkey HELPS, but it's not an exclusive indicator.
The same thing in this video. Being Asian descent doesn't make you any more credible. You can be 100% white and still know more about China than a Chinese kid in Missouri.
Nice job CNBC to provider job to social commentator in China.
You have provided tremendous, tremendous, tremendous support to the Chinese Job Market.
Im from North India and love China 🇮🇳🇨🇳
Doubt its just China, almost everyone is struggling
Citizens of democracy society have right to struggle for themselves future,but we can’t,we are just living like a sheep herd
What a cruelly stupid world! Why expect the youth to work when they're supposed to be in school to acquire higher education and skills to become employable?
Chinese looming crisis vs Americas actual crisis.
Wtf are u on about?
The Chinese are slowing down with their 5%+ quarterly gdp growth in Q1 2024, whereas America is on fire at a blistering 1.6%.
I’m stressed watching this
There is a video/article like this every year from the US. Google, "end/collapse of China" articles dates 2023 2022 2021 2020 2019 2018... Lol 😂
Take a break from the news
Wtf why?
No USA in big crisis
Since when are these two crisis mutually exclusive?
Nah.... j ust China and CCP is lying to control
Nah it's actually going pretty good in USA.
@@HermanWillemsSource : bloomberg
China is the top contributor to global growth over the next five years, with its share bigger than all Group of Seven countries combined, according to Bloomberg calculations using International Monetary Fund forecasts.
China accounts for about 21% of the world’s new economic activity from this year through 2029.
If you go by western media and news, China has been in crisis since 1970. If you actually LIVE in China, it's quite nice here.
Source: I actually live in China.
That's not what my friends from China say. And they never want to go back.
Cancel em.
According to western economic experts China has been in crisis since 1990's. Infact China has already fall and disintegrate. lol
2016: China's economy is in bad shape
2018: China will collapse in 2 years
2020:China's Is About To Collapse
2021: why China's market will collapse
2022: China's will collapse in 25 days
2023: Why China's Collapse is Imminent
2024: China‘s looming crisis
when their timer count to zero after the
predictions, they just reset the timer and do it all over again, easy money!😂
It's interesting news, but the video seems to be long because it repeats segments.
Why this report used 2023 data of unemployment？ The Q1 2024 data is available.
The new one is different from the old one. You cannot compare the two.
因为今年降低了。。。
Wow: 1.2 million viewers in 2 weeks? Why? Clickbait - "China is collapsing". I thought ... there was OVER-Capacity!!
Как же быстро ты окупаешь, просто нереально! Тащи бро!
looming crisis? I thought China has been in crisis mode for more than 2-0 years since Gordon published his famous book.
Gordon Chang is a spy sent by China. All the Chinese know it
I went to ChongQing and ChenDu in March, I had a blast!!! such beautiful cities , very clean. I think people are generally happier in China than people in the west
Being oblivious due to lack of internet and information always makes people happier. Ignorance is bliss afterall
HAHA, ALL STRETS HAVE CAMERAS THAT WATCH EVERYONE,
@@payalpatel8475 你错了，真正无知的是你们这群快乐教育诞生下来的产物，政府想要愚钝他们的人民，那么就让他们介绍幼儿园的知识储备，让他们整天玩乐，吸大麻，而不是想着怎么学习，我们中国人对于世界的了解比你们多
At 19:00 the economist dismissing India's rise is probably wrong about "that expectation". It only took China about 30 years to develop almost beyond recognition.
Mind your own business, okay? Don't worry about China all day long and ignore the mess in your own country.
People be like “iT’s AmEriCan ProPaGanDa”
I worried about US crisis more than China
You are smarter than most of the US politicians.
The US motto: "We can be wasteful because we can print more money."
Federal Reserve: “We borrow from ourselves with money we don’t have and send the bill to proletariats.”
Thank you CNBC for an excellent report on the China economy.
quoting news from 6months ago, old data
4 hours ago posted video reporting on 2023 China.
more like 2012-2022
why would 16 year olds be employed? lol it should count starting 22 or 23.
Not everybody goes to college
if you're not studying and working ... what are you doing
@@Funktasticolying flat or being full time children
Thanks Obama!! 😂
Thank God for Obama!
Their argument is counter to the facts they cite. A smaller population with the same production rate means that unemployment SHOULD be low, and wages should be rising in a job market that should be competitive for the employer. They are describing what you would see in an economy that is faltering.
"They chose to have sons"😂 thats a nice way too put it.
Didn't China said they won't ever get into a real estate issue like the US did? Wonder what happened???
They cut it off before rotten unlike what US did that caused 2008 turmoil.
Over 8 billion people on Earth, it is hard to imagine that earth can continue to support that many people without some very bad things happening in the future. Just the processing of that much sewage is crazy. And many places are not processing it, it just goes into the ground water and into the ocean.
Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
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Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
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If they never mentioned China in this story, one couldd assume it is about the US. The problems highlighted in this story are affecting all modernized and westernized countries. Relocating exploitative manufacturing to economically emerging countries isn't a solution. What will happen when there are no more countries to exploit?
It’s refreshing to see people with sociology degree are working outside of Starbucks as a barista or Mickey D flipping burgers.
USA: " We have devoted a great amount of time and energy to study your economy. We are very sorry your economy is slowing down"
China: "Thank you for you interested in China. Sorry we didn't have time to help you in your research. Now we have to continue working"
In junior high, we did an experiment where we watch mold grow on agar agar in a petri dish. At first it flourished, then a new growth grew on the dead mold, and after all the resources were used up, it died. Growth without the logical application of projected outcomes is suicidal.
Plus with the Age of AI and Robots is exponentially blasting into our reality, at least 1/2 of the jobs at all levels of income will be gone. Fewer people is fantastic.
Why do we Americans blame China and other countries for the lack of sales of US products?