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What a silly analysis. The only accurate conclusion the party has absolute power. Everything else is nonsense. Then again any government have absolute power, even if you might want separate the various components of the government.
The United States today bears a striking resemblance to Soviet Russia more than China ever did, and it’s not unlike ancient Rome either. The strain on its military is creating turmoil across the globe, and this instability is now coming home to roost. Because of this, the U.S. is grappling with pressing challenges at its borders and dealing with complex immigration issues. It’s a reminder that the consequences of foreign actions often find their way back to our own communities.
To see China's development, you only need to understand the attitude of the United States towards China, because there are tens of thousands of American researchers analyzing China, and they know China better than you do. If one day the United States takes a moderate attitude towards China and does not see it as a threat, it means that China's development has really stagnated. No country would sanction a country that poses no threat to itself. To see the Chinese economy clearly, it is better to analyze the United States. The focus is on how the United States promoted the Japanese threat theory in the 1980s, until the Japanese economy stagnated and the Japanese threat theory circulating in American society also stopped.
It was the same with the soviet union - the narrative of it being a threat went right up to it's collapse. Development isn't the only way of being a threat/sanctionable though. North Korea and Iran are also sanctioned by the US - I don't think anyone is calling those countries development.
Mao is truly a good equivalent of Stalin. In this parallel, Xi is more similar to Brezhnev, ousting the "liberal" who was trying to reform the system and replacing him with a hardliner. It's worth noting that in most large countries that underwent a long period of dictatorship, this was a cyclical behavior that flip flopped. At some point, Xi will be replaced by a Gorbachev. It's more so a question of when, and how badly damaged will the PRC's economy and legitimacy be by the time it happens.
Everyone dies and everything eventually ends. So no gold age is eternal, but no dictator rules forever. I fond amusing that in history long reigns by competent rulers are usually followed by decline, as the old heirs die quickly and eventually you get a succession civil war.
Propaganda, lies are something that China can never get close to US. China struggle to prove the truths. For example the 2 Canadian Michaels spies arrested in China.. It's only when after their release one of the 2 Michaels filed a lawsuit against the other Michael in Canada for dragging him in the spy job. US and the West are experts in transforming lies into "truths". They have no shame, no remorse to say that the Gulf of Tonkin incident ( which provoked the Vietnam War) was a false flag.
it is already happen, they are 5 quarters straight deflated, and their gdp growth slower every year since 2017. What do you think collapsing look like?
@@s.a.d9465 China deflation caused by structural issue and decreasing growth pure of productivity issue. Economics collapse happen in years even decades. Do you think it would be something like a day boom?
I'm glad you did this video as all your previous videos were harping on United States\Western world, but with this video I think it all makes more sense to you and I can't wait for future content. Thank you
One could make the argument that the U.S. is in the Soviet Union's position of increased debt, and increased military spending with weapons manufacturers not able to impress the U.S. military with future proof weapons for the next conflict, while the vast majority of Americans are suffering from an expensive cost of living and a lower quality of life, which makes no sense.
Difference is that the populace in the USA could vote in a new administration unlike communist contries like the ussr and china, who will use lethal force to stay in power or collapse like the soviet.
nothing like it. Let's be clear - the US is richer and has more resources this year than any previous year...actually, of any country in the history of humanity. Sure, the bottom 50% is screwed by inequality, but the US is doing very well. I'm not a fan of the US btw, it's just how it is.
China is currently facing a lot of challenges, sure. The over-building of apartments is clearly absurd, and the local government debt is indeed a big issue. But pretty much everything else reported here is coloured by outright deceptive propaganda. The US spends something like a quarter of its GDP on health with horrible outcomes at the societal scale. Pensions are a huge drag on their economy, and leave millions still in poverty. Huge (numerically anyway) numbers of Chinese have both health insurance and acceptable pensions. We somehow think the US' 40% of their population not being able to afford a 400$ unforeseen expense is something to be emulated. Great wealth distribution guys... Which we add to their low/no health insurance and pensions. Chinese are less inclined to spend in these situations and somehow this is the government's fault for not encouraging them into debt. Hmmm. And in terms of keeping the top .1% in line? So Musk maybe giving Trump a 1-2% boost through constant falsehoods is a good thing? So he can go and suck at the government teet for more contracts? How is anyone not completely out on crack saying these things? And as the proportion of income spent on housing skyrockets around the western world with rapidly increasing wealth inequality due to a combination of greed and an inability of government to to react to societal needs (such as more, higher density housing) because of small groups of vested interests... Government of the rich, for the rich. That's good? That's sustainable? I live in one of China's poorer, highly rural provinces, and you certainly still see plenty of people working in the fields with hand tools. Many areas are going to be difficult to mechanise. But I don't see anywhere near the homelessness of a typical western country, and I have never seen a hungry child (screaming for more ice cream doesn't count!). Food deserts, where you can't buy healthy food within many miles of where you live simply don't exist anywhere here. Period. Healthy (no more chemicals than the US anyway...) food is abundant and cheap, everywhere and, as mentioned, there are at least plenty of nice apartments for people to sleep (even ripping down all the ghost towns would leave a couple of apartments per person...)! Slavishly rabbiting neoliberal talking points that focus on biased, purely GDP-based stats is beneath you, my friend. You make hay while the sun shines, and so China is over investing in infrastructure now, while the cheap debt to pay for it is still available. That's just smart... Not everything is perfect by a long shot but the idea that government doesn't intervene or interfere in the west is ludicrous. Many, many industries are fat with government money or preferential regulations in the west, and to say otherwise is patently ridiculous.
Exactly. But the U.S. did recently pass that bill to promote Chinese propaganda. It trips me out that people can not put two and two together. Everytime we had a Chinese or just simply immigrant student, they almost always performed far better than American students, and this was even like 20 years ago. America is almost synonymous with Tinder, football, vaping, drugs, and working at Amazon for 1000 hours a week lol. And yet somehow, the US will stay remain ahead of everyone? Americans do a great job at underestimating the world and to me, it shows how weak our critical thinking abilities are. This includes Europe as well as I'm baffled at how many Europeans really believe that Russia wants to invade them. European elites are just envious that their empires were broken up while Russia got to keep theres, and elites are well aware of the resources that exist around the world, and no other nation looks more delicious to break up for private companies to profit off of than Russia itself. It hurts me hearing old folks who are indoctrinated by MSM, middle aged folks in the manosphere thinking they've stumbled on the truth, and young folks who get their news from Twitch and COD repeat the very propaganda that the West wants. Nothing more advanced, complex, and powerful than the US propaganda.
1:00 to 1:20 a lot of this data doesn't really mean anything though. Real GDP growth shrinking is normal and the data shown is misleading. It shows China slowing down by making the graph be compared to the growth of previous years but not regressing as the graph seems to want to imply. The nations economy is just slowing down due to it being more industrialised and being more at carrying capacity. By this logic, the US during the 50s and 60s could be seen as falling off as it's not growing as fast, buts that's clearly not true is it? The non financial sector debt being a little high is undoubtedly concerning but compared to other countries on this list like the US and Japan, it's probably not as big of a deal as it is. The chart is also again trying to mislead, implying 'left side bad'. Also this inflation graph is slightly misleading. Based on what I can find, CPI and PPI don't necessarily mean inflation, just signifiers of it and can just not mean anything. CPI is the consumer perception of inflation while PPI is producer perception of inflation. Despite them both being past the well intended target of 2% given by the US, I think due to its high GDP growth over the years this target could be argued to be much higher for China, its also stable so what's the harm? The PPI kinda fluctuating is kinda concerning, but doesn't mean much if it doesn't translate into anything substantial in economic terms. Decrease in consumption in Chinas GDP just means the country is producing less as there is less demand for the good. That just means China doesn't need to produce as much anymore, not anything else. Also the graph is very misleading with 34% being the 0 point, implying 'China slowing down means it collapsing' but its just decreasing from an abnormal 54% to a more normal 34% as other parts of the GDP like government spending and investment need to catch up which was normal as China is just a large consumer economy. In fact when looking closely at the graph instead implies China's growth as investment and government spending is taking up more of the GDP to develop the country while showing the period of China's rise. From this 20 seconds of footage alone I think whatever this guy is saying based on these graphs needs to be taken with a large helping of salt as what it seems like is happening here is this guy is deliberately finding graphs that imply China is collapsing either without truly understanding the context or knowing but purposely trying to mislead their audience as the audience usually doesn't know any better. @GoodTimesBadTimes if you're reading this, I truly hope you can do better and not just find an argument you want to start with and finding 'evidence' to support your point. And Audience, make sure you take everything you see on the internet with a pinch of salt as people, as difficult as it is to believe in, can lie on the internet. (NO WAY!!!) Yes.
The numbers are the paragraphs. 1) How is the IMF GDP chart misleading? It's slowing down and that's what I said in the video. But the problem is that China is slowing too fast, too soon. Turkmenistan (China's equivalent in PPP per capita) is now growing at 6.3%. Wow, impressive! China is below 5% and falling. You compare it with the US. Fine, but the US did not have the problem of rising consumption (on the contrary, it enjoyed it), which is why the US model was sustainable and the Chinese started to crumble (as the whole video presents the evidence for). 2) And you're wrong. The US debt to GDP is at 250%, while China's (which is far more backward) is over 300%. Japan is bad, but it is still a much richer society. 3) Sorry, to save time I'm just going to chat gpt here. Why is deflation worrying? Expectation of further price falls: When prices fall, consumers may expect products to be even cheaper in the future. This leads them to postpone purchases in anticipation of better deals, reducing current demand. Rising real value of debt: In a deflationary situation, the value of money rises so that people in debt feel that their debt is an increasing burden relative to their income. This leads to a reduction in spending as they try to pay off their debts instead of consuming. Falling corporate profits: Deflation often means that companies have to cut prices, which affects their profit margins. In response, they may reduce employment, investment and also wages, negatively affecting consumers' incomes. Less stable incomes lead them to save rather than spend. Consumer sentiment deteriorates: If deflation persists, the economy may stagnate or fall into recession. This situation fosters pessimism and encourages consumers to save for further economic problems. 4) The country is producing less? Are you kidding me? It's exports are skyrocketing, the population just can't afford it (generally speaking) and the policy is to push it abroad. Also, there wasn't one sentence where I implied that "China is collapsing". Unfortunately, your post shows that you've done little research on the subject, you've implied things that I didn't say or that the graphs are misleading (how can official statistics be misleading?), and you've come to flawed conclusions based on your (I assume) biased position. And at the end of the day, I take responsibility for the research I publish, you can do whatever you like by implying that I lied.
Excellent analysis. One mistake: deflation isn't bad because consumers delay purchases waiting for lower prices (they don't). Declining prices are actually positive for consumers because their real incomes increase, thus allowing higher consumption.
Keep in mind all these numbers about China are based on a population size that may be significantly smaller and older than "1.4 billion", with GDP figures that's considerably inflated, and debts that are significantly underreported (due to shadow banks).
That’s the thing with authoritarian countries, the regime’s legitimacy is heavily tied to it’s “immaculate” image. Even random mass murders and natural disasters are covered up or played down. Who knows how rotten they really are before they implode.
@@User-CT-55555 Shhhh the stock market is doing amazing, aka the US is doing amazing. The top 10% of Americans held 93% of all stocks. Meanwhile, the bottom 50% of Americans held just 1% of all stocks... But shhhhhh we're doing amazing!
2:17 right off the bat, there is a crucial element to remember. The real GDP decreasing implies that the ultrarich in China are losing profits and revenue. The GDP per capita rapidly increasing is a testament to the fact that most of the poverty alleviation in recent times has been in China due to their Socialist system.
Imagine the economic powerhouse China could be if the government wasn't obsessed with control and barriers. If truly they allowed for an open, free market, with some democratic values, it's incredible what could be achieved.
Did I just see an ad for a _kickstarter_ ? Why does a (presumably) small company need kickstarter money, if they apparently have the cash for an ad-campaign?
Many kickstarters run ads now. Kickstarter isn't the moonshot it used to be, it's an organized system with predictable outcomes. If the product sells for $75.00, they probably only need to pull 100 backers from the promotion to cover the promotion fee on a channel with 330K subscribers. Not a bad gamble: if I thought I could get my group to play it, I very well may have backed it.
@@SA2004YGBetween those 3 nations, US is the only state who has mechanism of restricted power. Even Donald Trump unable to blow our separation of powers
"personal power once again stands in the way of greatness" thats not unique to china every country has that issue and its way worse in uk, canada and us where people cant afforded to even have roofs on their heads
@@p4ntom87 I love this kind of comment. Thinking that UK, Canada, or even the US having lower economic capabilities than China in percapita term. If the US with more than 80000 dollars median annual income having that sort of problem. I wonder what will happen in China.
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New big news, but a very nice summary of the post Covid trend. I have friends in China and their stories from the ground largely confirm this assessment.
@@domenico_ginny6164 What? That the job market is a misery and nobody dares to give up his current job? That salaries are under immense pressure unless you are the lucky 1% with special qualifications? That nobody dares to marry (!!!) let alone having children because of the insecurity? That opening a business is a nightmare, because making a profit on ANYTHING is close to impossible (deflation).
17:40 Falling prices do not discourage people from consumption. At least not when they fall by e.g. 0.5% per year. That’s often the amounts we are talking about. No one has that much time to wait. This is complete non-sense and an extremely persistent economics myth. When e.g. electronics became cheaper and cheaper in the 80s and 90s people started buying like crazy. Basically no one was waiting for falling prices. There in some cases you had price reductions of 20%, 30% or more more. While e.g. inflation of e.g. 4%, 6% or 8% can be extremely harmful to the purchasing power, consumption and overall economy as seen in the last few years.
Give me citations on this. That first part of your statement is not only fanciful, BUT IT IS VERY MUCH THE OPPOSITE TO WHAT IS HAPPENING TO THE PRC RIGHT NOW. One thing must be necessary regardless of what happens in the future, DIVESTING OUT OF CHINA IS THE PROPER THING TO DO. It is time for that house of cards to fail despite the collateral effects on the global economy.
Systematically capitalizing a primitive economy with current technology financed by exports can work great; but it's purely a strategy to catch up, not to surpass. Once it catches up, if it can even do that much due to inherent limits on exports, it stagnates.
I mean, that's just one of the translations of their actual name - Zhōngguó. I don't really see a big issue with him saying "Middle Kingdom", other than it's not really a Kingdom anymore. Do let me know if I'm missing something though🤷
An MRI scan in US cost $5,000 to $12,000. Consequently for each MRI scan done, it adds same corresponding amount to the US Gdp. In China same service cost between $100 to $300. So the contribution to the national GDP is significantly lower. This is the reason why there are so many poor people in so called rich countries with high gdp.
There's theory called Balassa Samuelson Effect. Having to paid higher cost for certain untradeable good or services in high income society will not sway the gap between rich and poor nation.
I just want to point out while thier are a huge Surplus of units to the population, they are largely shoeboxes. It wouldn't surprise me to see walls ripped out to make 2 units into a single, small unit.
The real question you need to ask yourself is whether the US is actually turning into the new Soviet Union? For all it has said and done, China is a goddamn saint when it comes to foreign policy compared to the US. Nothing has caused more suffering or death in this world than unnecessary US policies these last few decades.
So glad people are seeing past this bs. Channels like Business Basics, Infographics Show, and China Uncensored give me a heart murmur lmao. Peter Zeihan and Gordon Chang are also horrible, so consistently wrong on their predictions but folks don't gaf, they just wanna hear what reinforces their assumptions rather than actually search for the truth smfh.
@@gregoryedwards9097 What kind of truth do you value? In this video and most of these kind of videos you mentioned literally using CCP owned data. So do you think CCP lying about their own economy? because outside of CCP measurement is certainly much worse
@@shade45.55 you should not confuse narrative with data. data: china is growing slower, narrative: china is declining. 4-5% growth is still double the average growth rate of western economies. if they are in a declining, what should we call the west? a shithole? don't fall into narrative trap. ask yourself if the narrative was use on other countries, does it make sense. and it obiviously not because no one is saying UK or Germany is the next USSR, they actually hit negative grow. if we don't even call what they have a recession, much less a depression. how is China a collapse?
@@gregoryedwards9097 I do see pass the BS of u.s. propaganda, and I do feel more relieve about humanity knowing that at least someone see pass the BS. That being said, folks like us don 't have power. We can point out the genocide going on in Gaza, and yet, this shit keep on happening. It makes zero difference.
Along the same lines, here is an interesting analysis of the likely sequelae of Xina's economic difficulties: "Michael Beckley on The End of China’s Rise & the Future of Global Order | WORLD KNOWLEDGE FORUM 2024"
US going through inner political division, economic problem, etc.: absolutely US #1🥰 China going through typical business cycle from pandemic: THIS NATION IS FAILING💀
@@shade45.55 That depends. If you are a democrat, this country goes pretty well. If you are for republicans/Trump, the whole country is in ruin these 4 years. It's a pity I can't tell how US economy is like exactly now from sources on internet😮💨
@@Zhai-bo1pn Both are bad presidents, but the economy is still surging under both presidents. The US has lowest unemployment under Trump and faster inflation decrease (compare to Europe) under Biden. Yes the US is socially divided, but economically we still ahead from most developed world. Don't compare us with China.
@@shade45.55 Largely comparable to me, many fellow youtubers, and a bunch of economic studying institutions, either by GDP PPP, steel production, new patent number, manufacturing, trade volumn, even similar economic downturn from crisis in housing sector. Just don't treat your rival as they are pretty unstable and fragile, while yourself pretty much safe with no less domestic problems, that's what I want to say.
They’re definitely not failing to keep up. But they’re no longer significantly closing the gap. It’s hard to draw a perfect connection, since their economy has matured somewhat. But it seems suspiciously related to the shift from xiaoping -> Xi
I think that the same happened to China. Form our Ocidental view they could be ok the brink of collapse or in the beginning of a reinvention period. So, for now nobody knows whats really happen inside China.
In fact, the US has a very, very high per capita GDP, but the average American is living more poorly than the average Chinese. In general, the Chinese are happier than the Americans. This can be easily proven... ➤ 79% of Chinese believe their nation is democratic, while only 57% of Americans and 55% of British do. [Source: Latana’s Democracy Perception Index 2024.] ➤ 85% of Chinese trust their government, while only 40% of Americans and 30% of British do. [Source: Edelman Trust Barometer 2024.] ➤ 76% of Chinese trust their politicians, while only 29% of Americans and 20% of British do. [Source: Open Society Barometer 2023.] ➤ 91% of Chinese are happy with their life, while only 76% of Americans and 70% of British are. [Source: Ipsos’ Global Happiness 2023.] ➤ 95.5% of Chinese are satisfied with their government. [Source: Harvard Kennedy School's Ash Center in 2020, “Taking China’s Pulse.”] ➤ 95% of Chinese believe their country is on the right track and moving in the right direction, while only 41% of Americans and 23% of British do. [Source: Ipsos’ What Worries The World survey from November, 2019.] ➤ most Chinese strongly support their political system. [Source: UC San Diego’s China Data Lab since 2019, “WHAT 16 WAVES OF PUBLIC OPINION SURVEYS TELL US ABOUT CHINA AND CHINESE VIEWS.”] A few years ago, Pew Research conducted Chinese surveys to show the level of satisfaction for their government. In 2002, 48% of Chinese were satisfied. In 2005, 72% were satisfied. From 2006 to 2016, the number was consistently over 80% year after year.
From morning to night time, I been listening to geopolitics for the past 3 years (Always been a history buff and always listened to geopolitics since 2008, but it's been ramped up specifically on Russia, China, US, and world relations). China is FAR from being the new Soviets. China is more akin to 1800s USA and Germany Pre WWII with their vertically integrated Industrial Capitalism model they use, compared to the West's Finance Capitalism that has devalued labor in favor of FIRE (Finance, Insurance, Real Estate). Finance Capitalism introduces NOTHING new to the economy, and it's the Elites way of overvaluing what they do, and devaluing what they do not do (Which is labor). The US is now riddled with bureaucracy that makes it impossible to get ANYTHING done. This is my own take, but China is a mix of 1980's Japan in terms of technological dominance, efficiency, and innovation, 1800's USA in terms of Protectionist policies, vertical integration of industries and Industrial Capitalism, and the population of India. It has the size of the United States, which once claimed high speed railways would not work for a country their size, but China has proven them wrong. The US today is honestly like Conor McGregor before the Nate Diaz fight. Underestimating their opponent, except the US has been underestimating the world's ability to catch up for the past 30 years. They instead embarked on wars to try to make one homogenous neoliberal fantasy world for companies to thrive in as they make working people poorer. China has one big thing for it. It never listened to the U.S., unlike Germany, Japan, India, and others. The US has gladly thrown Germany and Japan under the bus to reshore all their industries in America to make up for the lack of investment they made in our own country for more than 3 decades. China also has been watching the US and their mistakes. The 2008 Financial Crisis? China bailed the US out. And they realized that the model of the US and the West is based on pure BS, but that is what the West is great at. Great at smiling and acting, only to walk away and have bombs dropped on you, as they call their global media outlets and gives them the script that they are the good guys and the others, the poor folks, are terrorists. China saw the US containing them just like they did with Russia after the USSR collapsed as they excluded China from ASEAN and planted more military bases surrounding China. Thankfully, it is not working. Luckily, (Which is what ALL wealthy countries have done, from the United Kingdom, to the USA, to Germany, to Japan, etc., and is something the US no longer does thanks to Neoliberal Policies that accelerated after Milton Friedman, Reagan, and Thatcher came into the scene. Bye bye manufacturing!! All so corporations could receive higher profit margins, yet we blame China for the company's decision to outsource). This is all I listen to. And I don't listen to MSM because after 35 years of watching them lie to us, I know how my country operates. And it's full of sh**! The US is the new USSR by far. If you cannot see the similarities that the US today has with 1980s USSR, you clearly are listening to propaganda and do not know your history.
@@HisCoconutGunimagine imagening any opposing opinion as bots. We are truely living in the prequel to worst times of all. Hear smth you do not like? Automaticaly presume that speaker is not even a human.
While i do enjoy your video a lot. Let me point a few things you got wrong or at least my opinion that you got wrong. #1 China is not done growing, this is an economic slow down that is normal. Read up on Hayek economics. Let me sum up what 2 person with decent credential has to say. Economist, Keyu jin says that China is about 40% industrialized compared to USA and Former Australian prime minister says 55%. That means China when it reaches it's full potential of industrialization, which is 90-95%, will be double the US economy. China has much room to grow. #2 China unlike Korea or Japan should not be facing a slow down in birthrate. This is the consequence of the 1 child policy and it should bounce back to normal if government act accordingly. #3 China's economy is base on industry, which is measurable and this is the important part. China contributes to the world's REAL total GDP more than any country. Western countries are what we call a speculative economy. #4 China's speculative market had crashed and burned yet it's economy stand stable. Take the 2008 speculative economy crash. Every western country went broke. Edit: as for me i am a political science grad. This is also my prediction. This is not me pulling stuff outta my behind.
"Edit: as for me i am a political science grad. This is also my prediction. This is not me pulling stuff outta my behind." This is (not) satire? Someone bragging about a "political science" degree. They include those in a McDonalds Happy Meal my friend.
China has a few weak points. Lack of access to the sea of Japan is sorely underestimated. Loss of Greater Manchuria is also a huge blemish. What a weak power.
I think this is wrong. The level of innovation in China is multiples of the USA and no signs are seen that it's slowing. There are issues with the economy but way less of it than any G7 countries as well. Furthermore, suspicious accidents to Oligarchs / Billionaires are good as long as the % ownership of assets by the top % in the economy goes down.
There is a graph that depicts innovation, NO ONE is close to USA in innovation. I wish I had the link but you should look it up. It’s the product of a world wide brain drain
China is not innovating more than the US. Maybe the country is experiencing great progress in areas that the party extensively supports, but elsewhere is neglected. The USSR suffered the same issue. It was able to keep parity with the US in areas like military technology and rocketry, but was behind in areas neglected like computers and consumer products. That's just what happens when the economy is controlled by the state. China's property sector collapsed. Youth unemployment is around 40%. Birthrate is continuing to fall. The US is seeing a dramatic increase in Chinese immigrants, legal and illegal. Local governments are extremely deep in debt. China has some serious issues, and denying them now, when even the party is admitting there's a serious problem, is delusional.
@@dasbubba841 I beg to differ. Aside from the Australians pointing out that they lead in almost all strategic technologies, China also processes more patents in its system than the US and have been doing so for years. The amount of research done in China solo or in cooperation with academics / corporations with other nations have exceeded the USA for a while now. It's an objective fact that has already happened instead of a philosophical guess at what might be that this video is about.
@@wunwong9251 Cool and all, but how does that help the average Chinese citizen, who is much poorer than their US counterparts? The USSR was more advanced than the US in some fields, but was still a far poorer country.
People ain't blind. This type of pre-screened bias is getting more and more irrelevant by the day. Mind you, I was even more skeptical about China just 10 years ago. But I do have adequate eye sight and a functioning brain, and that's all it takes.
I wonder how do your brain processing if CCP data showed that China GDP growth is decreasing every year since 2017, or at this moment they are 5 quarters straight deflated?
@ I don’t doubt it. Just saying the general vibes are what I said. I watched all the Ukrainian videos, and they were contrary to things happening on the ground.
Not Soviet, but more and more Mao’s China. Everything is subjected to higher and higher parties goals. During Mao it was all about the rice harvest, now it’s about the GDP growth.
All of this BS only gives me the hopes that they just keep going forward doing exactly what theyr doing, your so intoxicated and full of yourself that you could make a 48min video full of stupid assumptions.
more like the japanese empire of the 21st century at least the USSR was a 2nd world nation that was prettyadvanced the prc isn’t even close to what the USSR was
china have a strong history since han dysnasty , qing dynasty , so its not new soviet , just a strong nation woking up since a long time sleep nothing new
@@trentrga To be fair both lasted hundreds of years and at there peak were the dominant powers of the world (only reason why Han wasn't the strongest world power at the time was Rome).
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If it is as great as Hegemony, it is a must for all political scientists out there!
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What a silly analysis. The only accurate conclusion the party has absolute power. Everything else is nonsense. Then again any government have absolute power, even if you might want separate the various components of the government.
Good western propaganda video men.
Russia must play Greeks to the Romans now.
Ah yea Greeks who control 15% of earth towards romans who at 8%
Ah yea 15% of earth greek to 8% of earth roman
BRANDON?!?!? ❤:DD
I feel like China is new Rome and West New Greece :(
@@piotrmontgomerytv7786 did you watch the video?
Calling China the new Soviet is like calling India the new Europe, and Africa is the new America. No, thanks. They have zero resemblance.
The United States today bears a striking resemblance to Soviet Russia more than China ever did, and it’s not unlike ancient Rome either. The strain on its military is creating turmoil across the globe, and this instability is now coming home to roost. Because of this, the U.S. is grappling with pressing challenges at its borders and dealing with complex immigration issues. It’s a reminder that the consequences of foreign actions often find their way back to our own communities.
@@pakjai5532 You are wrong and the future will prove it.
To see China's development, you only need to understand the attitude of the United States towards China, because there are tens of thousands of American researchers analyzing China, and they know China better than you do. If one day the United States takes a moderate attitude towards China and does not see it as a threat, it means that China's development has really stagnated. No country would sanction a country that poses no threat to itself. To see the Chinese economy clearly, it is better to analyze the United States. The focus is on how the United States promoted the Japanese threat theory in the 1980s, until the Japanese economy stagnated and the Japanese threat theory circulating in American society also stopped.
It was the same with the soviet union - the narrative of it being a threat went right up to it's collapse.
Development isn't the only way of being a threat/sanctionable though. North Korea and Iran are also sanctioned by the US - I don't think anyone is calling those countries development.
It’s the nuclear age. A country can be both dangerous and on the road to self inflicted ruin.
Mao is truly a good equivalent of Stalin. In this parallel, Xi is more similar to Brezhnev, ousting the "liberal" who was trying to reform the system and replacing him with a hardliner. It's worth noting that in most large countries that underwent a long period of dictatorship, this was a cyclical behavior that flip flopped. At some point, Xi will be replaced by a Gorbachev. It's more so a question of when, and how badly damaged will the PRC's economy and legitimacy be by the time it happens.
Everyone dies and everything eventually ends. So no gold age is eternal, but no dictator rules forever. I fond amusing that in history long reigns by competent rulers are usually followed by decline, as the old heirs die quickly and eventually you get a succession civil war.
indeed we have all seen hundreds of videos of this where youtubers predict the fall and coming collapse of china and then it never happens
Propaganda, lies are something that China can never get close to US. China struggle to prove the truths. For example the 2 Canadian Michaels spies arrested in China.. It's only when after their release one of the 2 Michaels filed a lawsuit against the other Michael in Canada for dragging him in the spy job. US and the West are experts in transforming lies into "truths". They have no shame, no remorse to say that the Gulf of Tonkin incident ( which provoked the Vietnam War) was a false flag.
Clickbaity
it is already happen, they are 5 quarters straight deflated, and their gdp growth slower every year since 2017. What do you think collapsing look like?
@@shade45.55that’s not collapsing
@@s.a.d9465 China deflation caused by structural issue and decreasing growth pure of productivity issue. Economics collapse happen in years even decades. Do you think it would be something like a day boom?
I'm glad you did this video as all your previous videos were harping on United States\Western world, but with this video I think it all makes more sense to you and I can't wait for future content. Thank you
One could make the argument that the U.S. is in the Soviet Union's position of increased debt, and increased military spending with weapons manufacturers not able to impress the U.S. military with future proof weapons for the next conflict, while the vast majority of Americans are suffering from an expensive cost of living and a lower quality of life, which makes no sense.
Nah, I recommend you look into the actual history and then you wouldn't even consider this. The empire is stronger than ever 💪🦅🇺🇲
@@abrahamgn3614lmao I recommend you look into the stats 😆
Difference is that the populace in the USA could vote in a new administration unlike communist contries like the ussr and china, who will use lethal force to stay in power or collapse like the soviet.
I am 60k per year and I have access to anything I want to purchase. Ironically, my standard of living is possible because of Chinese products.
nothing like it.
Let's be clear - the US is richer and has more resources this year than any previous year...actually, of any country in the history of humanity.
Sure, the bottom 50% is screwed by inequality, but the US is doing very well.
I'm not a fan of the US btw, it's just how it is.
Everybody I know in Shanghai share the same sentiment: Things are not going well.
China is currently facing a lot of challenges, sure. The over-building of apartments is clearly absurd, and the local government debt is indeed a big issue. But pretty much everything else reported here is coloured by outright deceptive propaganda.
The US spends something like a quarter of its GDP on health with horrible outcomes at the societal scale. Pensions are a huge drag on their economy, and leave millions still in poverty. Huge (numerically anyway) numbers of Chinese have both health insurance and acceptable pensions. We somehow think the US' 40% of their population not being able to afford a 400$ unforeseen expense is something to be emulated. Great wealth distribution guys... Which we add to their low/no health insurance and pensions. Chinese are less inclined to spend in these situations and somehow this is the government's fault for not encouraging them into debt. Hmmm.
And in terms of keeping the top .1% in line? So Musk maybe giving Trump a 1-2% boost through constant falsehoods is a good thing? So he can go and suck at the government teet for more contracts? How is anyone not completely out on crack saying these things? And as the proportion of income spent on housing skyrockets around the western world with rapidly increasing wealth inequality due to a combination of greed and an inability of government to to react to societal needs (such as more, higher density housing) because of small groups of vested interests... Government of the rich, for the rich. That's good? That's sustainable?
I live in one of China's poorer, highly rural provinces, and you certainly still see plenty of people working in the fields with hand tools. Many areas are going to be difficult to mechanise. But I don't see anywhere near the homelessness of a typical western country, and I have never seen a hungry child (screaming for more ice cream doesn't count!). Food deserts, where you can't buy healthy food within many miles of where you live simply don't exist anywhere here. Period. Healthy (no more chemicals than the US anyway...) food is abundant and cheap, everywhere and, as mentioned, there are at least plenty of nice apartments for people to sleep (even ripping down all the ghost towns would leave a couple of apartments per person...)!
Slavishly rabbiting neoliberal talking points that focus on biased, purely GDP-based stats is beneath you, my friend. You make hay while the sun shines, and so China is over investing in infrastructure now, while the cheap debt to pay for it is still available. That's just smart... Not everything is perfect by a long shot but the idea that government doesn't intervene or interfere in the west is ludicrous. Many, many industries are fat with government money or preferential regulations in the west, and to say otherwise is patently ridiculous.
but but ccp is bad !!!
Exactly. But the U.S. did recently pass that bill to promote Chinese propaganda. It trips me out that people can not put two and two together. Everytime we had a Chinese or just simply immigrant student, they almost always performed far better than American students, and this was even like 20 years ago. America is almost synonymous with Tinder, football, vaping, drugs, and working at Amazon for 1000 hours a week lol. And yet somehow, the US will stay remain ahead of everyone? Americans do a great job at underestimating the world and to me, it shows how weak our critical thinking abilities are. This includes Europe as well as I'm baffled at how many Europeans really believe that Russia wants to invade them.
European elites are just envious that their empires were broken up while Russia got to keep theres, and elites are well aware of the resources that exist around the world, and no other nation looks more delicious to break up for private companies to profit off of than Russia itself.
It hurts me hearing old folks who are indoctrinated by MSM, middle aged folks in the manosphere thinking they've stumbled on the truth, and young folks who get their news from Twitch and COD repeat the very propaganda that the West wants. Nothing more advanced, complex, and powerful than the US propaganda.
Lol you dont live in rural china. You are not allowed over the chinese firewall. Someone should call the cops on you.
+10 social credit score for you comrade
@@MA_KA_PA_TIE He might have VPN.
To better understand China's economy, one must study Gordon Chang's book "The Coming Collapse of China," published in 2001. 😂
1:00 to 1:20 a lot of this data doesn't really mean anything though.
Real GDP growth shrinking is normal and the data shown is misleading. It shows China slowing down by making the graph be compared to the growth of previous years but not regressing as the graph seems to want to imply. The nations economy is just slowing down due to it being more industrialised and being more at carrying capacity. By this logic, the US during the 50s and 60s could be seen as falling off as it's not growing as fast, buts that's clearly not true is it?
The non financial sector debt being a little high is undoubtedly concerning but compared to other countries on this list like the US and Japan, it's probably not as big of a deal as it is. The chart is also again trying to mislead, implying 'left side bad'.
Also this inflation graph is slightly misleading. Based on what I can find, CPI and PPI don't necessarily mean inflation, just signifiers of it and can just not mean anything. CPI is the consumer perception of inflation while PPI is producer perception of inflation. Despite them both being past the well intended target of 2% given by the US, I think due to its high GDP growth over the years this target could be argued to be much higher for China, its also stable so what's the harm? The PPI kinda fluctuating is kinda concerning, but doesn't mean much if it doesn't translate into anything substantial in economic terms.
Decrease in consumption in Chinas GDP just means the country is producing less as there is less demand for the good. That just means China doesn't need to produce as much anymore, not anything else. Also the graph is very misleading with 34% being the 0 point, implying 'China slowing down means it collapsing' but its just decreasing from an abnormal 54% to a more normal 34% as other parts of the GDP like government spending and investment need to catch up which was normal as China is just a large consumer economy. In fact when looking closely at the graph instead implies China's growth as investment and government spending is taking up more of the GDP to develop the country while showing the period of China's rise.
From this 20 seconds of footage alone I think whatever this guy is saying based on these graphs needs to be taken with a large helping of salt as what it seems like is happening here is this guy is deliberately finding graphs that imply China is collapsing either without truly understanding the context or knowing but purposely trying to mislead their audience as the audience usually doesn't know any better.
@GoodTimesBadTimes if you're reading this, I truly hope you can do better and not just find an argument you want to start with and finding 'evidence' to support your point.
And Audience, make sure you take everything you see on the internet with a pinch of salt as people, as difficult as it is to believe in, can lie on the internet. (NO WAY!!!) Yes.
+10 social credit score for you comrade
@@Tymmy777 +10 FICO Credits to you, Patriot! 37 more points and you can get a sub-11% Mortgage!
The numbers are the paragraphs.
1) How is the IMF GDP chart misleading? It's slowing down and that's what I said in the video. But the problem is that China is slowing too fast, too soon. Turkmenistan (China's equivalent in PPP per capita) is now growing at 6.3%. Wow, impressive! China is below 5% and falling. You compare it with the US. Fine, but the US did not have the problem of rising consumption (on the contrary, it enjoyed it), which is why the US model was sustainable and the Chinese started to crumble (as the whole video presents the evidence for).
2) And you're wrong. The US debt to GDP is at 250%, while China's (which is far more backward) is over 300%. Japan is bad, but it is still a much richer society.
3) Sorry, to save time I'm just going to chat gpt here. Why is deflation worrying?
Expectation of further price falls: When prices fall, consumers may expect products to be even cheaper in the future. This leads them to postpone purchases in anticipation of better deals, reducing current demand.
Rising real value of debt: In a deflationary situation, the value of money rises so that people in debt feel that their debt is an increasing burden relative to their income. This leads to a reduction in spending as they try to pay off their debts instead of consuming.
Falling corporate profits: Deflation often means that companies have to cut prices, which affects their profit margins. In response, they may reduce employment, investment and also wages, negatively affecting consumers' incomes. Less stable incomes lead them to save rather than spend.
Consumer sentiment deteriorates: If deflation persists, the economy may stagnate or fall into recession. This situation fosters pessimism and encourages consumers to save for further economic problems.
4) The country is producing less? Are you kidding me? It's exports are skyrocketing, the population just can't afford it (generally speaking) and the policy is to push it abroad. Also, there wasn't one sentence where I implied that "China is collapsing".
Unfortunately, your post shows that you've done little research on the subject, you've implied things that I didn't say or that the graphs are misleading (how can official statistics be misleading?), and you've come to flawed conclusions based on your (I assume) biased position.
And at the end of the day, I take responsibility for the research I publish, you can do whatever you like by implying that I lied.
Excellent analysis.
One mistake: deflation isn't bad because consumers delay purchases waiting for lower prices (they don't). Declining prices are actually positive for consumers because their real incomes increase, thus allowing higher consumption.
It's good for avarage people but not good for bussiness and national economy as a whole
Keep in mind all these numbers about China are based on a population size that may be significantly smaller and older than "1.4 billion", with GDP figures that's considerably inflated, and debts that are significantly underreported (due to shadow banks).
That’s the thing with authoritarian countries, the regime’s legitimacy is heavily tied to it’s “immaculate” image. Even random mass murders and natural disasters are covered up or played down. Who knows how rotten they really are before they implode.
It evens out in the end
The US is no better
Not to mention the nefarious effects of pervasive corruption in all aspects of society, whether construction projects, food industry, government etc
@@User-CT-55555 Shhhh the stock market is doing amazing, aka the US is doing amazing.
The top 10% of Americans held 93% of all stocks. Meanwhile, the bottom 50% of Americans held just 1% of all stocks... But shhhhhh we're doing amazing!
@@Devilishlybenevolent you know when you resort to whatabotism you admit the persons original dog
2:17 right off the bat, there is a crucial element to remember. The real GDP decreasing implies that the ultrarich in China are losing profits and revenue. The GDP per capita rapidly increasing is a testament to the fact that most of the poverty alleviation in recent times has been in China due to their Socialist system.
No. Inequality in China is increases since 2008
Imagine the economic powerhouse China could be if the government wasn't obsessed with control and barriers. If truly they allowed for an open, free market, with some democratic values, it's incredible what could be achieved.
then their country will be flooded by outsiders like every western nation
They would be an inflated Taiwan, powerful yet benign.
Isn't that just India? Look at how they're doing
The military industrial complex wants conflict and cold wars,,$$$
@@eurko111 You think India is powerful? In the grand scheme of things?
Did I just see an ad for a _kickstarter_ ? Why does a (presumably) small company need kickstarter money, if they apparently have the cash for an ad-campaign?
Many kickstarters run ads now. Kickstarter isn't the moonshot it used to be, it's an organized system with predictable outcomes. If the product sells for $75.00, they probably only need to pull 100 backers from the promotion to cover the promotion fee on a channel with 330K subscribers. Not a bad gamble: if I thought I could get my group to play it, I very well may have backed it.
Well, they could be so much more. But unfortunately personal power once again stands in the way of greatness.
Just like US and USSR
@@SA2004YGBetween those 3 nations, US is the only state who has mechanism of restricted power. Even Donald Trump unable to blow our separation of powers
@@shade45.55 I hope it turns out as effective as you think. I'm just a bit of a cynic
"personal power once again stands in the way of greatness" thats not unique to china every country has that issue and its way worse in uk, canada and us where people cant afforded to even have roofs on their heads
@@p4ntom87 I love this kind of comment. Thinking that UK, Canada, or even the US having lower economic capabilities than China in percapita term. If the US with more than 80000 dollars median annual income having that sort of problem. I wonder what will happen in China.
-10000 social credit
So much in dept, he can't even flush his toilet.
No such thing 🤡
🥱🥱
@seeknow3131 Congrats, citizen! Your loyalty to the algorithm has been duly noted. +50 Fleeca Points and a deluxe government-issued cheeseburger, complete with compliance sauce, will arrive in 7-10 business days. Keep up the exceptional work-you’re outshining all the other social credit warriors. At this rate, they might throw in a limited-edition 'Model Citizen' badge too! Now that's dedication. Keep flexing those algorithmic muscles!
Way better than -10000 in credit score
Very good analysis.
New big news, but a very nice summary of the post Covid trend.
I have friends in China and their stories from the ground largely confirm this assessment.
Care to share any?
@@domenico_ginny6164 What? That the job market is a misery and nobody dares to give up his current job?
That salaries are under immense pressure unless you are the lucky 1% with special qualifications?
That nobody dares to marry (!!!) let alone having children because of the insecurity?
That opening a business is a nightmare, because making a profit on ANYTHING is close to impossible (deflation).
17:40 Falling prices do not discourage people from consumption. At least not when they fall by e.g. 0.5% per year. That’s often the amounts we are talking about. No one has that much time to wait. This is complete non-sense and an extremely persistent economics myth. When e.g. electronics became cheaper and cheaper in the 80s and 90s people started buying like crazy. Basically no one was waiting for falling prices. There in some cases you had price reductions of 20%, 30% or more more. While e.g. inflation of e.g. 4%, 6% or 8% can be extremely harmful to the purchasing power, consumption and overall economy as seen in the last few years.
Give me citations on this. That first part of your statement is not only fanciful, BUT IT IS VERY MUCH THE OPPOSITE TO WHAT IS HAPPENING TO THE PRC RIGHT NOW.
One thing must be necessary regardless of what happens in the future, DIVESTING OUT OF CHINA IS THE PROPER THING TO DO. It is time for that house of cards to fail despite the collateral effects on the global economy.
Systematically capitalizing a primitive economy with current technology financed by exports can work great; but it's purely a strategy to catch up, not to surpass. Once it catches up, if it can even do that much due to inherent limits on exports, it stagnates.
And it doesnt even catch up. Only one non-western country (w/o oil) has "caught up" economically: Japan.
KICKSTARTER?? HELL NO THAT SHIT IS A SCAM!
thought so to, why would you as a company waste your money you have to make advertisments, when you so desperatly need money
Are you sure that was a scam? I thought that was just a scam infested website, but with a decent premise for those who use it legitimately.
Great analysis mate...
You can tell the sponsors have gotten to these guys due to their refusal to even have basic controls on runaway corprpations.
Another coping video
Always extremely captivating!
You always get a glimpse of the western's propaganda apparatus with this channel
Oh yes the "Middle kingdom"
I mean, that's just one of the translations of their actual name - Zhōngguó. I don't really see a big issue with him saying "Middle Kingdom", other than it's not really a Kingdom anymore. Do let me know if I'm missing something though🤷
@@benas_st “Middle Kingdom” is literally their way of insisting on being the center of the world. They see that as a mandate of Heaven.
Wow , really? (I'm being genuine) . I always thought they were pretty balanced. Maybe I'm not as politically savvy as I thought 😅
@@benas_st it just sounds snobby. Like your average person isn’t calling China the “middle kingdom” anymore
Hubert narrating is good.
if money is so prone to being useless on both ends, then isn't it useless?
An exchange of a weight of goods and services
Fantastic production!
Social credit of the channel presenter has plummeted to -1989 points. You are therefore sentenced to 30 years of hard labor
An MRI scan in US cost $5,000 to $12,000. Consequently for each MRI scan done, it adds same corresponding amount to the US Gdp.
In China same service cost between $100 to $300. So the contribution to the national GDP is significantly lower.
This is the reason why there are so many poor people in so called rich countries with high gdp.
There's theory called Balassa Samuelson Effect. Having to paid higher cost for certain untradeable good or services in high income society will not sway the gap between rich and poor nation.
Thank you for your excellent report.
I just want to point out while thier are a huge Surplus of units to the population, they are largely shoeboxes. It wouldn't surprise me to see walls ripped out to make 2 units into a single, small unit.
Well, that already happens
@DollyRanch and I expect the practice to expand
The real question you need to ask yourself is whether the US is actually turning into the new Soviet Union?
For all it has said and done, China is a goddamn saint when it comes to foreign policy compared to the US.
Nothing has caused more suffering or death in this world than unnecessary US policies these last few decades.
China is saint? don't be ridiculous. They had problem with most of their neighbors.
So glad people are seeing past this bs. Channels like Business Basics, Infographics Show, and China Uncensored give me a heart murmur lmao. Peter Zeihan and Gordon Chang are also horrible, so consistently wrong on their predictions but folks don't gaf, they just wanna hear what reinforces their assumptions rather than actually search for the truth smfh.
@@gregoryedwards9097 What kind of truth do you value? In this video and most of these kind of videos you mentioned literally using CCP owned data. So do you think CCP lying about their own economy? because outside of CCP measurement is certainly much worse
@@shade45.55 you should not confuse narrative with data. data: china is growing slower, narrative: china is declining. 4-5% growth is still double the average growth rate of western economies. if they are in a declining, what should we call the west? a shithole? don't fall into narrative trap. ask yourself if the narrative was use on other countries, does it make sense. and it obiviously not because no one is saying UK or Germany is the next USSR, they actually hit negative grow. if we don't even call what they have a recession, much less a depression. how is China a collapse?
@@gregoryedwards9097 I do see pass the BS of u.s. propaganda, and I do feel more relieve about humanity knowing that at least someone see pass the BS. That being said, folks like us don 't have power. We can point out the genocide going on in Gaza, and yet, this shit keep on happening. It makes zero difference.
According to Niall Ferguson, the US is the new soviet now
Along the same lines, here is an interesting analysis of the likely sequelae of Xina's economic difficulties: "Michael Beckley on The End of China’s Rise & the Future of Global Order | WORLD KNOWLEDGE FORUM 2024"
？？？？中国跟苏联是一码事？建议你们这些人多学习历史。中国跟西方的政治文化完全不同，是不是苏联崩溃了让你找到了路径依赖？？作为世界最强大的工业国，如果发生了经济危机你觉得它们会把枪指向何处？？不就是美国欧洲以及整个世界！
Well done, you've earned yourself some of the 1.6 billion.
China is pretty strong and will be pretty strong for decades, do not underestimate it.
yes it is and will, but they have a very bad demographic situation, Chinas population will drop very fast without migration
US going through inner political division, economic problem, etc.: absolutely US #1🥰
China going through typical business cycle from pandemic: THIS NATION IS FAILING💀
What economic problem does the US face? US literally grow faster than most of developed nation in past decade.
@@shade45.55 That depends. If you are a democrat, this country goes pretty well. If you are for republicans/Trump, the whole country is in ruin these 4 years. It's a pity I can't tell how US economy is like exactly now from sources on internet😮💨
@@Zhai-bo1pn Both are bad presidents, but the economy is still surging under both presidents. The US has lowest unemployment under Trump and faster inflation decrease (compare to Europe) under Biden.
Yes the US is socially divided, but economically we still ahead from most developed world. Don't compare us with China.
@@shade45.55 Largely comparable to me, many fellow youtubers, and a bunch of economic studying institutions, either by GDP PPP, steel production, new patent number, manufacturing, trade volumn, even similar economic downturn from crisis in housing sector. Just don't treat your rival as they are pretty unstable and fragile, while yourself pretty much safe with no less domestic problems, that's what I want to say.
Reported for misleading
China is like north korea with a lot of money
if thats the case how did china became a 2nd economy?
China isn't North Korea
@@p4ntom87because communism just works
Thank you for another great analysis. Very thought provoking.
They’re definitely not failing to keep up. But they’re no longer significantly closing the gap. It’s hard to draw a perfect connection, since their economy has matured somewhat. But it seems suspiciously related to the shift from xiaoping -> Xi
True. Its called the "Middle Income Trap". In the 60's Brazil was also growing at double digits rates. Now no one who claim they are catching up.
How many of these videos saying the same shit can people make? These sentiments have been around for decades, and yet China just keeps succeeding.
Whatt?? China economy literally deflate in past 5 quarter.
@shade45.55 Watch how the American Economy will deflate under Trumps new clown cabinet. I do feel bad for the American working class.
@@jonasp8920 You don't need to worry about us tho. Our median household spending is exceeding 70000, literally one of the highest in the world.
stop yelling and go pay your taxes
@@shade45.55 All those trump voters doesnt seem to agree with you, they voted Trump.
I think that the same happened to China. Form our Ocidental view they could be ok the brink of collapse or in the beginning of a reinvention period. So, for now nobody knows whats really happen inside China.
Propaganda machine spewing the usual NONSENSE about China 😂😂😂
How is Russia a superpower?
the GDP per capita really doesn't mean wealth
In fact, the US has a very, very high per capita GDP, but the average American is living more poorly than the average Chinese.
In general, the Chinese are happier than the Americans. This can be easily proven...
➤ 79% of Chinese believe their nation is democratic, while only 57% of Americans and 55% of British do. [Source: Latana’s Democracy Perception Index 2024.]
➤ 85% of Chinese trust their government, while only 40% of Americans and 30% of British do. [Source: Edelman Trust Barometer 2024.]
➤ 76% of Chinese trust their politicians, while only 29% of Americans and 20% of British do. [Source: Open Society Barometer 2023.]
➤ 91% of Chinese are happy with their life, while only 76% of Americans and 70% of British are. [Source: Ipsos’ Global Happiness 2023.]
➤ 95.5% of Chinese are satisfied with their government. [Source: Harvard Kennedy School's Ash Center in 2020, “Taking China’s Pulse.”]
➤ 95% of Chinese believe their country is on the right track and moving in the right direction, while only 41% of Americans and 23% of British do. [Source: Ipsos’ What Worries The World survey from November, 2019.]
➤ most Chinese strongly support their political system. [Source: UC San Diego’s China Data Lab since 2019, “WHAT 16 WAVES OF PUBLIC OPINION SURVEYS TELL US ABOUT CHINA AND CHINESE VIEWS.”]
A few years ago, Pew Research conducted Chinese surveys to show the level of satisfaction for their government. In 2002, 48% of Chinese were satisfied. In 2005, 72% were satisfied. From 2006 to 2016, the number was consistently over 80% year after year.
GDP PPP Per Capita means wealth.
@@DerDop no. because people there do not get paid in dollars.
@@bedrhnyldz go back to school.
@@DerDop
it really just means the amount of millionaires per capita with or without purchasing power!
So if the Chinese are saving, what happens if the currency crashes in a moment of turmoil?
Guh
They're savings already crashed because a lot of them invested in real estate
Crazy CIA $1.6 billion promotion
I wonder what those Chinese TH-camrs are gonna say when they see this video
Jealous 😂
Bad research produce Bad TH-cam videos. just like this one.
From morning to night time, I been listening to geopolitics for the past 3 years (Always been a history buff and always listened to geopolitics since 2008, but it's been ramped up specifically on Russia, China, US, and world relations).
China is FAR from being the new Soviets. China is more akin to 1800s USA and Germany Pre WWII with their vertically integrated Industrial Capitalism model they use, compared to the West's Finance Capitalism that has devalued labor in favor of FIRE (Finance, Insurance, Real Estate). Finance Capitalism introduces NOTHING new to the economy, and it's the Elites way of overvaluing what they do, and devaluing what they do not do (Which is labor). The US is now riddled with bureaucracy that makes it impossible to get ANYTHING done.
This is my own take, but China is a mix of 1980's Japan in terms of technological dominance, efficiency, and innovation, 1800's USA in terms of Protectionist policies, vertical integration of industries and Industrial Capitalism, and the population of India. It has the size of the United States, which once claimed high speed railways would not work for a country their size, but China has proven them wrong.
The US today is honestly like Conor McGregor before the Nate Diaz fight. Underestimating their opponent, except the US has been underestimating the world's ability to catch up for the past 30 years. They instead embarked on wars to try to make one homogenous neoliberal fantasy world for companies to thrive in as they make working people poorer.
China has one big thing for it. It never listened to the U.S., unlike Germany, Japan, India, and others. The US has gladly thrown Germany and Japan under the bus to reshore all their industries in America to make up for the lack of investment they made in our own country for more than 3 decades. China also has been watching the US and their mistakes.
The 2008 Financial Crisis? China bailed the US out. And they realized that the model of the US and the West is based on pure BS, but that is what the West is great at. Great at smiling and acting, only to walk away and have bombs dropped on you, as they call their global media outlets and gives them the script that they are the good guys and the others, the poor folks, are terrorists. China saw the US containing them just like they did with Russia after the USSR collapsed as they excluded China from ASEAN and planted more military bases surrounding China.
Thankfully, it is not working. Luckily, (Which is what ALL wealthy countries have done, from the United Kingdom, to the USA, to Germany, to Japan, etc., and is something the US no longer does thanks to Neoliberal Policies that accelerated after Milton Friedman, Reagan, and Thatcher came into the scene. Bye bye manufacturing!! All so corporations could receive higher profit margins, yet we blame China for the company's decision to outsource).
This is all I listen to. And I don't listen to MSM because after 35 years of watching them lie to us, I know how my country operates. And it's full of sh**!
The US is the new USSR by far. If you cannot see the similarities that the US today has with 1980s USSR, you clearly are listening to propaganda and do not know your history.
Lol the paragraph structure shows this is 50 cent coping
Don't take it too seriously bro. This video is just political propaganda.
Imagine describing anti-monopolistic praxis as authoritarian. Monopolies are bad mkay.
Imagine getting paid 50 cents to shill for China 😂
suddenly fining ali baba for monopoly in the same time frame that you kindapped their ceo who insulted your country policy, dumb smh
We got some monopoly lovers in chat!
Bet you all love Cook, Zuckerberg and Nadella having free reign now come January. Enjoy
@@HisCoconutGunimagine imagening any opposing opinion as bots. We are truely living in the prequel to worst times of all. Hear smth you do not like? Automaticaly presume that speaker is not even a human.
No，is America
Great!
Btw, with Trump, east europe including poland is dying.
this channel is not objective as we or I expect. It is trying to be objective but its hard to kill old habits.
How come this is not objective? Data cited in this video is directly from CCP.
Is Trump's America the new Soviets? LMAO
nah, US is the new soviet... xD
While i do enjoy your video a lot. Let me point a few things you got wrong or at least my opinion that you got wrong.
#1 China is not done growing, this is an economic slow down that is normal. Read up on Hayek economics. Let me sum up what 2 person with decent credential has to say. Economist, Keyu jin says that China is about 40% industrialized compared to USA and Former Australian prime minister says 55%. That means China when it reaches it's full potential of industrialization, which is 90-95%, will be double the US economy. China has much room to grow.
#2 China unlike Korea or Japan should not be facing a slow down in birthrate. This is the consequence of the 1 child policy and it should bounce back to normal if government act accordingly.
#3 China's economy is base on industry, which is measurable and this is the important part. China contributes to the world's REAL total GDP more than any country. Western countries are what we call a speculative economy.
#4 China's speculative market had crashed and burned yet it's economy stand stable. Take the 2008 speculative economy crash. Every western country went broke.
Edit: as for me i am a political science grad. This is also my prediction. This is not me pulling stuff outta my behind.
"Edit: as for me i am a political science grad. This is also my prediction. This is not me pulling stuff outta my behind."
This is (not) satire? Someone bragging about a "political science" degree. They include those in a McDonalds Happy Meal my friend.
Has been for 20 years
In words of Niall Ferguson, West are the new soviets.
Invest in India.
Its like the soviets, but better
Soviets? No, Nazis? Yes.
Not much difference
israel luvs u bud
In the eyes of Nazis? yes.
周一周三周六中国威胁论
周二周四周日中国崩溃论
Balabalabalabala
well China has deflated for 5 quarter straight. It is not theory anymore.
is trump's America the new Soviets?
China has a few weak points. Lack of access to the sea of Japan is sorely underestimated. Loss of Greater Manchuria is also a huge blemish. What a weak power.
Sinoviets.
Is this media platform Jewish shareholded I smell B rock
I think this is wrong. The level of innovation in China is multiples of the USA and no signs are seen that it's slowing. There are issues with the economy but way less of it than any G7 countries as well. Furthermore, suspicious accidents to Oligarchs / Billionaires are good as long as the % ownership of assets by the top % in the economy goes down.
There is a graph that depicts innovation, NO ONE is close to USA in innovation. I wish I had the link but you should look it up. It’s the product of a world wide brain drain
China is not innovating more than the US. Maybe the country is experiencing great progress in areas that the party extensively supports, but elsewhere is neglected. The USSR suffered the same issue. It was able to keep parity with the US in areas like military technology and rocketry, but was behind in areas neglected like computers and consumer products. That's just what happens when the economy is controlled by the state.
China's property sector collapsed. Youth unemployment is around 40%. Birthrate is continuing to fall. The US is seeing a dramatic increase in Chinese immigrants, legal and illegal. Local governments are extremely deep in debt. China has some serious issues, and denying them now, when even the party is admitting there's a serious problem, is delusional.
What innovations for example, do they get used outside of china?
@@dasbubba841 I beg to differ. Aside from the Australians pointing out that they lead in almost all strategic technologies, China also processes more patents in its system than the US and have been doing so for years. The amount of research done in China solo or in cooperation with academics / corporations with other nations have exceeded the USA for a while now. It's an objective fact that has already happened instead of a philosophical guess at what might be that this video is about.
@@wunwong9251 Cool and all, but how does that help the average Chinese citizen, who is much poorer than their US counterparts? The USSR was more advanced than the US in some fields, but was still a far poorer country.
No very different
watched it on polish canal yesterday
Wishful thinking
USA can't imagine corporation having to have laws and abide by them.... like we are doing so great under neoliberalistic downwards spiral
China has no laws other than the dictate of Xi. There is no comparison between the problems of the USA and that of China.
Bad research overall
Why?
Georgia 🇬🇪
😂😂😂 what's does your irrelevant country have to do with anything?
People ain't blind. This type of pre-screened bias is getting more and more irrelevant by the day.
Mind you, I was even more skeptical about China just 10 years ago. But I do have adequate eye sight and a functioning brain, and that's all it takes.
I wonder how do your brain processing if CCP data showed that China GDP growth is decreasing every year since 2017, or at this moment they are 5 quarters straight deflated?
türkçe altyazı koyun artık
This guy picks non-western nations and then proceeds to predict their decline.
@@choudharya1234 it's not prediction. China economy is already deflated in last 5 quarters.
@ I don’t doubt it. Just saying the general vibes are what I said. I watched all the Ukrainian videos, and they were contrary to things happening on the ground.
@@choudharya1234 You can watch Russian media and the fact will be different from the ground, but economic issue can be quantifying.
@ one week you read an article that China’s economy is collapsing, the next it’s the future. Over and over.
Man literally excoriates Western countries too, bud
17:32 let me see the graph!!! wtf
Not Soviet, but more and more Mao’s China. Everything is subjected to higher and higher parties goals.
During Mao it was all about the rice harvest, now it’s about the GDP growth.
All of this BS only gives me the hopes that they just keep going forward doing exactly what theyr doing, your so intoxicated and full of yourself that you could make a 48min video full of stupid assumptions.
How come this is assumption. This video is literally citing CCP economic data.
more like the japanese empire of the 21st century
at least the USSR was a 2nd world nation that was prettyadvanced
the prc isn’t even close to what the USSR was
All made of tofu!
keep coping yank..your country literally build houses with timber
Yum 🤤
What is even this bs lol
In free market country (USA) that love tariff 🤣🤣🤣
Videos became too long, I can't watch them while eating. 20 min max would be better, imho.
last time i was this early ukraine war started haha
Your maps are wrong. The dimensions are not accurate.
Wumao here yet?
china have a strong history since han dysnasty , qing dynasty , so its not new soviet , just a strong nation woking up since a long time sleep nothing new
What happened to the han dynasty 🤔 or the qing dynasty 🤔
I mean russia had also an long great history
And like the soviets, china too had its culture revolution
@@trentrga To be fair both lasted hundreds of years and at there peak were the dominant powers of the world (only reason why Han wasn't the strongest world power at the time was Rome).
YOU ARE SOUNDING LIKE YOU ARE HURT ABOUT PRIVATE PROPERTY OR SOMETHING INSTEAD OF CRITICIZING ANYTHING UwU
First