The answer is very simple and well known for the longest time. The best and brightest aren't in politics..UK isn't really failing either, but it is true UK can do better..
Both critiques, one of China and one of Britain are mutually exclusive and stand their ground. Anyone who is rational and has taken syllogistic logic can tell that.
Our economic indicators are so reliable here in the US. We have extremely low unemployment with labor participation rates at decade lows. We have exceptional growth and a strong labor market despite majority of families finding it difficult to pay for groceries. I find western economic statistics about the economy to be more manipulated than China's. At least in China you can go there and see that what was recently a fishing village is now a bustling city with millions of inhabitants. In the West we somehow have stable economic growth in cities with empty factories, homeless encampments and sky rocketing drug addiction. So which country is fabricating their growth? In America there is a strong correlation between economic growth and a rise in poor real-world outcomes like homelessness, addiction, factory closures, low labor participation. That makes absolutely no sense. Also can we accept that the US has tons of vassal states around the world including Japan and most of Europe. Those countries have less independence militarily and economically than any countries bordering China. Everything said here seems so blind to how the world operates. Mr. Williams describes China acting like pretty much every other country - but he does so in breathless terms and hyperbole. You could make the same argument for the US on most if not all of his points. Case and point - he refers to China's one-month long intervention in Vietnam in 1979 as if that is the defining moment in Vietnam's modern history... not the French and US intervention that lasted 20 years and killed over 1 million Vietnamese people. Give me a break. This guy is useless at putting things into perspective. He's just peddling lies and manipulation.
He's late to the party. People have been saying this for a decade or more...but please enlighten me with your boundless knowledge of mainland China. I only spent 4 years there.
Well thanks Jimmy Carter and the rest of Democrats Presidents including current Bidenomics!! Where do you think the CHIPS Act money went to? The recent audit proved the money was not spent in the US!! They retracted and cancelled the line of credit including the grants. Thanks to 81 million Democrats voters!
The Spanish had their empire; so did the Russians, the Ottomans, the French, etc. is there a people in the world who has only been subject to empire and has never enacted an empire?
This comment sheds no light on the validity of the assertions made in the video. It does, however, shed light on what the CCP and its wumaos are afraid of people hearing. Lol; thank you; keep it up.
Very solid interview with a highly credible author who is not ideologogically driven, just factually so, and as always needed when dealing with regimes that lack transparency, one who enjoys a good "in-theatre" network that can provide reliable anecdotal observations.
That is not how it works! What is China's gdp per capita? Like India, it is still third word, and that is why the growth is high because the baseline is so low. China like India and other countries in Asia are not highly developed.
@@AlexThipthorp Yes, gdp per capita in China is low at $13,000/year compared to western countries, but remember their population is 1.4B and still has a large rural population. Nether the less China has enjoyed phenomenal growth since the 80s and lifted millions out of poverty.
You did not mention that one feature of Chinese economic policy is to lift its people from poverty. Chinese economic policy is based on their version of socialism.
Nuanced? Debate? Puzzled where you found both. And yes, I am random. YT recommended. I clicked mildly curious. Same ol' same one-sided anti-China bashing and denial. Arrogant and snobbish. Something you seem to call 'nuanced'.
The Chinese tapped my "cellular module" and know that I shopped at Costco, drove 3 mph over the speed limit on hwy 77, and that I have a few Elvis songs on my Spotify playlist.
Balanced? he can't even praise the absolute poverty reduction of 800M people or the 40 year miracle which he says "if there ever was such a miracle" - he's not quite as silly as Chang but not far off it.
Blame it on abortion and the one child policy. You had a very productive generation that was taught that success comes first before having a family. Now no one can afford to have a family.
Chinese Credit growth has slowed to 7.7% and within two years will go to zero. Bond yields have fallen to 1.6%. and within a year or so will fall to 0%. China sitting with 300mn empty home, one hundred thousand km of empty roads, 50000km of empty rail line, 50% of electricity sector capacity utilization, less than 50% capacity utilization of industrial capacity has no more capacity of return generating assets. But they have to do because 60% of GDP is investment. if you stop them, economy stops
I LOOK AROUND IN MY HOUSE-PLENTY OF STUFF MADE IN CHINA,FROM TECH ITEMS TO CHEAP GADGETS-ZERO ITEM MADE IN THE UK-IN MY YOUTH WE HAD PLENTY OF STUFF MADE IN THE UK IN OUR HOUSE,LANDROVER,NORTON MOTO,GOODMAN LOUDSPEAKERS ETC...........ZERO ITEM MADE IN CHINA AT THAT TIME
With more problems than solutions the long aggrieved even docile get feisty. When China's totalitarians get fully unappreciated it'll be interesting to look at a true account of their cult and its impact on Chinese. Ian Williams has an insightful take on China. His 'Vampire State' is the best book title of 2024: an appropriate descriptor of both the regime's economic strategy and human rights record.
You are too late, bud. You're right that they needed a new growth model, and they already found it two years ago. The new grown engine is high tech, high value added manufacturing so they are transitioning towards that while at the same time moving low cost labor intensive production to the less developed inland areas where there's growth potential. There's also lots of growth potential in internal consumption.
The demographic situation is way worse than it appears. Consumption needs a consumer base. Something they don't have. And how on earth can the PRC master high end manufacturing without the US?
@@charleswomack2166 They have 1.4 billion people there. Savings are huge. The government just needs to boost their confidence to unlock that purchasing power. China is also an innovation powerhouse now. A report from ASPI thinktank released in March 2023 says China is leading in 37 out 44 critical technologies, and the US leads in 6. The number of patents filed by China dwarfs that from the US as well. China is already leading in manufacturing EVs, batteries, solar panels and other green energy techs, drones, screen displays (BOE has 51% market share in the world). China also dominates in legacy chip production. Domestic production and adoption of robotics are growing rapidly in China as well. It's alrady happening, China is moving up value chain rapidly.
@charleswomack2166 They have 1.4 billion people there. Savings are huge. The government just needs to boost their confidence to unlock that purchasing power. China is also an innovation powerhouse now. A report from ASPI thinktank released in March 2023 says China is leading in 37 out 44 critical technologies, and the US leads in 6. The number of patents filed by China dwarfs that from the US as well. China is already leading in manufacturing EVs, batteries, solar panels and other green energy techs, drones, screen displays (BOE has 51% market share in the world). China also dominates in legacy chip production. Domestic production and adoption of robotics are growing rapidly in China as well. It's alrady happening, China is moving up value chain rapidly.
As Cathay's population declines its economy will decline because the people don't have enough confidence in the ruling class to spend money or invest. The domestic consumption economic model doesn't work. The export model is down to dumping products in third world countries which will provoke hostile reactions in those countries.
Don't need be expect about economy to understand the UK gdp growth only 0.9% 2024 and has population of 68 million people. China has population 1.4 billion people growth gdp 4.5% 2024.🤔,🤔 what happens UK economy??
He should stop worrying about China’s impending collapse and start worrying about Europe’s existing collapse. Every week I learned new innovations from China; from new fastest train and 6G satellite communication. I don’t remember the last time I heard any innovations coming from Britain 🤔.
China is just slowing a little bit but it will accelerate once again. Chinese people has so much savings in the bank, the government problem is how let them spend😂😂. Chinese are very educated now, very hardworking, and financially literate, they will accelerate again and the whole world will marvel.
You know, when I heard the speaker talking about how EVs can do all kinds of survaillance, I laughed. That reminds me when photograph was first invented people thought the Camera would "eat" your soul and made you a soulless "walking corpse".
If Brits are so good at knowing what’s wrong, how come UK is failing ??
Contracting isn't failing.
Mostly due to the fluff of NetZero effects.
On Point
The answer is very simple and well known for the longest time. The best and brightest aren't in politics..UK isn't really failing either, but it is true UK can do better..
Both critiques, one of China and one of Britain are mutually exclusive and stand their ground. Anyone who is rational and has taken syllogistic logic can tell that.
Whataboutery to deflect from why China is both failing and a global threat
Our economic indicators are so reliable here in the US. We have extremely low unemployment with labor participation rates at decade lows. We have exceptional growth and a strong labor market despite majority of families finding it difficult to pay for groceries. I find western economic statistics about the economy to be more manipulated than China's. At least in China you can go there and see that what was recently a fishing village is now a bustling city with millions of inhabitants. In the West we somehow have stable economic growth in cities with empty factories, homeless encampments and sky rocketing drug addiction. So which country is fabricating their growth? In America there is a strong correlation between economic growth and a rise in poor real-world outcomes like homelessness, addiction, factory closures, low labor participation. That makes absolutely no sense.
Also can we accept that the US has tons of vassal states around the world including Japan and most of Europe. Those countries have less independence militarily and economically than any countries bordering China.
Everything said here seems so blind to how the world operates. Mr. Williams describes China acting like pretty much every other country - but he does so in breathless terms and hyperbole. You could make the same argument for the US on most if not all of his points. Case and point - he refers to China's one-month long intervention in Vietnam in 1979 as if that is the defining moment in Vietnam's modern history... not the French and US intervention that lasted 20 years and killed over 1 million Vietnamese people. Give me a break. This guy is useless at putting things into perspective. He's just peddling lies and manipulation.
Yup they bragged about Iran in WEF Dahlian. Utterly disgusting
Well said man!
He's late to the party. People have been saying this for a decade or more...but please enlighten me with your boundless knowledge of mainland China. I only spent 4 years there.
Well thanks Jimmy Carter and the rest of Democrats Presidents including current Bidenomics!! Where do you think the CHIPS Act money went to? The recent audit proved the money was not spent in the US!! They retracted and cancelled the line of credit including the grants. Thanks to 81 million Democrats voters!
Something tells me that when you say "us" you mean you and the other wumaos
Keep underestimating the Chinese and they'll keep surprising you.
Yeah they got choked first on $1.8 trillion printing press 🤤 Silver Tsunami must be very intense 👍
To much,to little,to late...😂😂😂😂😂😂
This guy is spot on !
UK complaining about China bc they cant compete so this is the only thing they are able to do lol
The British never really had money really; unless they pillaged and stole from the colonies
Still bearing a grudge?
@@DoubtingTomseeking justice for human rights abuses isn’t a grudge
The Spanish had their empire; so did the Russians, the Ottomans, the French, etc. is there a people in the world who has only been subject to empire and has never enacted an empire?
Can you wumaos try something besides whataboutism?
This comment sheds no light on the validity of the assertions made in the video. It does, however, shed light on what the CCP and its wumaos are afraid of people hearing. Lol; thank you; keep it up.
Does England even think they can compete against China 😂😂😂
My money would be on the UK.
True
Fake news😢
Excellant
Bizarre jingoist comment. Sad-like saying one isn't allowed to criticize movies unless in the past you yourself have made a good movie.
Good thankyou so much british you are great.
Very solid interview with a highly credible author who is not ideologogically driven, just factually so, and as always needed when dealing with regimes that lack transparency, one who enjoys a good "in-theatre" network that can provide reliable anecdotal observations.
I am sure his friends in China are other whites, not Chinese.
Wise man and a true reporter !
CCP garlic is more worrying.
Brilliant interview. Very insightful. 👍
China's GDP growth 2024 5.0%, UK 's GDP 2024 1.1% , enough said.
Simplistic.
If you believe the numbers the CCP creates I have a bridge to sell you.
That is not how it works! What is China's gdp per capita? Like India, it is still third word, and that is why the growth is high because the baseline is so low. China like India and other countries in Asia are not highly developed.
Robotic comment of an wumao.
@@AlexThipthorp Yes, gdp per capita in China is low at $13,000/year compared to western countries, but remember their population is 1.4B and still has a large rural population. Nether the less China has enjoyed phenomenal growth since the 80s and lifted millions out of poverty.
You did not mention that one feature of Chinese economic policy is to lift its people from poverty. Chinese economic policy is based on their version of socialism.
They didn't raise the people out of poverty, they simply lowered the bar.
Wow any criticism of the CCP and nuanced debate about economic growth prospects gets immediately criticised by “random” comments
Nuanced? Debate? Puzzled where you found both. And yes, I am random. YT recommended. I clicked mildly curious. Same ol' same one-sided anti-China bashing and denial. Arrogant and snobbish. Something you seem to call 'nuanced'.
Uk with boris, truss, sunacks, starmer 🤣🤣
Even india are surpassing not so great brittain now.
cheap export is unsustainable but cheap credit and USA money printing is sustainable?
It is actually. Being the world's number 1 trading currency allows a gigantic deficit!
The Chinese tapped my "cellular module" and know that I shopped at Costco, drove 3 mph over the speed limit on hwy 77, and that I have a few Elvis songs on my Spotify playlist.
British think they're still relevant in the MODERN WORLD! POOR THINGS! 😂😂😂😂😂
Wumaos still thinking they can control the comments section. Hilarious !😂😂😂
@@charleswomack2166 ican smell the opium🥢👍
You are 20 years later than Gordon Chang in saying this 😂.
Finally a balanced look at China😊
Balanced? he can't even praise the absolute poverty reduction of 800M people or the 40 year miracle which he says "if there ever was such a miracle" - he's not quite as silly as Chang but not far off it.
Blame it on abortion and the one child policy. You had a very productive generation that was taught that success comes first before having a family. Now no one can afford to have a family.
Very to the point, the book is excellent!
British old man somewhere putting his barely coherent thoughts together to predict the chinese economy. 😅
Expect a call from Kier Stammer. He needs your economic model to pull the UK out of the hole it is in.
China's growth , according to the World bank is 5%. What's yours
0.1
@@yonastesfaye5795 UK 1.1% for 2024
no one in their right mind believes this 5% growth statistic unless they are ignorant fools or captured by the CCP
The World Bank gets their figures from the CCP. Not exactly a trustworthy source
Chinese Credit growth has slowed to 7.7% and within two years will go to zero. Bond yields have fallen to 1.6%. and within a year or so will fall to 0%. China sitting with 300mn empty home, one hundred thousand km of empty roads, 50000km of empty rail line, 50% of electricity sector capacity utilization, less than 50% capacity utilization of industrial capacity has no more capacity of return generating assets. But they have to do because 60% of GDP is investment. if you stop them, economy stops
As if they don't need to repay the huge debts they run into for all those money-losing investments.
I lived there (in China) for 6 years and yeah that thing what they are doing are freaking out
and hi from Ukraine!)
China doesn't need a new economic model. IT needs a social reset!
When Japanese kneed down to US, it suffered 30 years stagnation, so China has still a lot of time to sort out its problems
The CCP has at most 6 years.
@@charleswomack2166and the UK has no more than 1 year.
The UK still has “thought leaders” ??
just saw every one knows uk's ecnomy contracted by 0.2% in 2024
I LOOK AROUND IN MY HOUSE-PLENTY OF STUFF MADE IN CHINA,FROM TECH ITEMS TO CHEAP GADGETS-ZERO ITEM MADE IN THE UK-IN MY YOUTH WE HAD PLENTY OF STUFF MADE IN THE UK IN OUR HOUSE,LANDROVER,NORTON MOTO,GOODMAN LOUDSPEAKERS ETC...........ZERO ITEM MADE IN CHINA AT THAT TIME
China still pulling in huge foreign payments based on exports; many countries would love to have this "problem"😊
perhaps there is a niche market for electronics with no Chinese components in them?
Britain is advising China on how to run an economy? lol lol lol. Absolutely delusional.
With more problems than solutions the long aggrieved even docile get feisty. When China's totalitarians get fully unappreciated it'll be interesting to look at a true account of their cult and its impact on Chinese.
Ian Williams has an insightful take on China. His 'Vampire State' is the best book title of 2024: an appropriate descriptor of both the regime's economic strategy and human rights record.
Good analysis. Good to have someone who lived in Asia for 25 years. Unlike the Russia/Ukraine talking heads who are mostly clueless.
*He's a "SPY"*
My Mind is telling me.😂
It is very ridiculous that every time the UK economy is in trouble, they always beg China for help....
When has the UK ever begged China for help?
@@RandomAussieGuy87 When British Keir Starmer visited China not long ago. As well as previous British PMs.
No they just smuggled drugs
You are too late, bud. You're right that they needed a new growth model, and they already found it two years ago. The new grown engine is high tech, high value added manufacturing so they are transitioning towards that while at the same time moving low cost labor intensive production to the less developed inland areas where there's growth potential. There's also lots of growth potential in internal consumption.
The demographic situation is way worse than it appears. Consumption needs a consumer base. Something they don't have. And how on earth can the PRC master high end manufacturing without the US?
@@charleswomack2166 They have 1.4 billion people there. Savings are huge. The government just needs to boost their confidence to unlock that purchasing power. China is also an innovation powerhouse now. A report from ASPI thinktank released in March 2023 says China is leading in 37 out 44 critical technologies, and the US leads in 6. The number of patents filed by China dwarfs that from the US as well. China is already leading in manufacturing EVs, batteries, solar panels and other green energy techs, drones, screen displays (BOE has 51% market share in the world). China also dominates in legacy chip production. Domestic production and adoption of robotics are growing rapidly in China as well. It's alrady happening, China is moving up value chain rapidly.
@charleswomack2166 They have 1.4 billion people there. Savings are huge. The government just needs to boost their confidence to unlock that purchasing power. China is also an innovation powerhouse now. A report from ASPI thinktank released in March 2023 says China is leading in 37 out 44 critical technologies, and the US leads in 6. The number of patents filed by China dwarfs that from the US as well. China is already leading in manufacturing EVs, batteries, solar panels and other green energy techs, drones, screen displays (BOE has 51% market share in the world). China also dominates in legacy chip production. Domestic production and adoption of robotics are growing rapidly in China as well. It's alrady happening, China is moving up value chain rapidly.
You're describing a Great Leap Forward.
The 50-cent army are out in force in this comment section.
Cope harder my CCP friends. 😂
The British thought!
The west always talk lie and no saction by its gavorment because they are democracy countries😅😅😅😅
have you seen a syatem that never fails?
China is dominating everything it touches. This guy is clueless.
As Cathay's population declines its economy will decline because the people don't have enough confidence in the ruling class to spend money or invest. The domestic consumption economic model doesn't work. The export model is down to dumping products in third world countries which will provoke hostile reactions in those countries.
Propaganda
A brit talking about a declining chinese economic model when the british system is falling.
A wumao trying whataboutism when he lives in the PRC!
This noob is a thought leader? He is just spewing nonsense
A Journalist suggestion? OKey.
Don't need be expect about economy to understand the UK gdp growth only 0.9% 2024 and has population of 68 million people. China has population 1.4 billion people growth gdp 4.5% 2024.🤔,🤔 what happens UK economy??
Cathay's population is more likely about 900 million.
He should stop worrying about China’s impending collapse and start worrying about Europe’s existing collapse.
Every week I learned new innovations from China; from new fastest train and 6G satellite communication.
I don’t remember the last time I heard any innovations coming from Britain 🤔.
Apply this advices to yourself, there is no comparison between UK and CHINA, the only real competitor of CHINA is the US, and not for so long! 😂😂😂😂😂
Name the last thing you bought that originated or was manufactured in England...
I'll wait.
Lol. China is racing ahead
you are so funny
You wish
Why interview an novel writer instead of a economist ?
What a joke!
Brics , gold .
Fool’s gold
@ fools gold is still better than u s dollar backed by debt . Thirty five trillion . That USA could just default . And we all go down the drain .
555..😂😂😂😂
These people are very desperate to spread fake propaganda. 😂😂😂
Dinosaurs 🦕🦕 trying hard to control others. 😂😂
China is just slowing a little bit but it will accelerate once again. Chinese people has so much savings in the bank, the government problem is how let them spend😂😂. Chinese are very educated now, very hardworking, and financially literate, they will accelerate again and the whole world will marvel.
What is the rate of youth unemployment in the Celestial Kingdom?
Its like dumb and dumber
Lil Britain advises China?
You know, when I heard the speaker talking about how EVs can do all kinds of survaillance, I laughed. That reminds me when photograph was first invented people thought the Camera would "eat" your soul and made you a soulless "walking corpse".
*So Gordon Chang has a facelift and an identity change!*
Talk rubbish
DATAGATE 😂😂😂😂
😂😂😂😂
fake news
what does he know? What a joke.
An Anglo Gordon Chang?
China will make mince meat of the west because it’s like an ocean versus a lake . LOL
You can hope, but hope is a poor substitute for analysis.
Ha! Ha! Ha! from UK??
So dumb, it’s laughable 😂
Is Britian economy in recession?