Can you consider doing a video on the economy of Japan? I find their monetary policy interesting but I don't really understand why they do it Since they're facing similar problems to China, but trying to boost consumption through negative rates and stimulus to do it the last few decades. It would make a good complement to this video
@@d1g1talb0y000 And initiated the downfall of Chinese morality . It doesn't matter if the cat steal , cheat , rob, scam , as long as it can get the mouse , it's a good cat .
its just pure captalism, housing is a marcked that is need but we doens´t necessarily need to survive like food, you will live a very shit life without a hose, but you may not die. It basicaly allow to hight speculation prices due the interests of the macket. A lot of contrys are just like this, just look the price of the squere meter on france, portugal, USA and Brazi, the brazil one counts more for the states captals that are usually bigger citys, (im brasilian)
It's because everytime it collapse the economy the people who made the stupid decisions get bailed out, so from their perspective, it's risk free profit,
Land is a finite resource, so in normal economic conditions (country where population or wealth are growing), land value can only go up. So it is a pretty good investment vehicle.
Chinese here. A somewhat personal account on why we don't consume. When you plant rice, for every grain you don't eat, you can replant them to grow more for next year. Famine is always around the corner, so you SAVE. The more grain stock, the safer.
China is such a paradox. They created an economic miracle that brought a nation of a billion people out of poverty but, it’s like they just went too fast and didn’t ever build the consumer habits of a developed country. They have a population that produces like developed nation but spends like a non developed one, which IRONICALLY leads them to becoming a less developed nation because their homegrown businesses can’t become as successful as European or American companies that have great domestic economies to support their global expansion down the line. Combine that with their less than stellar reputation internationally and you have the worlds biggest almost super power that is going to spend decades implementing policies to make the jump that likely will just lead to them going backwards or treading water. Going to be quite the story over our lifetimes.
That economic miracle are foreign companies investing in china. The same companies which are now not investing anymore. China did not elevate anybody out of poverty. They just made it illegal to talk about it. The recent deceased prime minister even publicly aknowled the extreme poor earnings of the avarage chinese, which made him a big enemy of the CCP.
Their objectives are different. Unlike the west they think speculation and property only leads to wealth inequality. That is why they have pricked asset price bubbles. They favour manufacturing over financial engineering. As for homegrown companies, they have proven very nimble. Huawei just made record profits and their EV's are starting to appear everywhere. That copycat thing was said of Japanese companies in the seventies that they will not amount to anything. China's reputation isn't that bad, not perfect but better than the US in many parts of the developing world because they are consistent and not preachy.
I think it's similar to what other Gen Z's in places say like South Korea and Turkey do. Because traditional goals of things like buying a house is less attainable now, a lot of young people, including those I know, just spend most their money to consume entertainment or luxurious products instead.
as chinese, I actually dont know why people in media are so stressed by the population decline. we (that is zoomer in china) almost all see it as a good thing. Its a hell to living in an overpopulated country. and the next generation may not need to live like that, it is stressful and competitative, makes you feel insignificant. maybe they can finally living like proper people. and I think it is a perfect timing for population decline now that is at the dawn of AI and robotic automation. the industry 20 years later will not need 1 billion workers.
@@javasiege assuming 20 years later due to advancement in automation we have productive force that can produce same amount of if not more goods with far less worker but cannot distribute it to elder people because there are less people to pay for it, I consider it more a failling of distribution system, social economical or otherwise. at certain point, I think we need to just accept that the system as it is based on assumption that there will always be more work needed to be done than that is avaliable will be simply unsustainable as it will be immaterial. For past decades china had been ramping up production more and more, but ironically our demand had been shrinking in past years. we are already producing more than we can consume yet we cant even afford lots of things we produce, to the degree that china has to keep finding oversea buyers to buy those massive amount of surplus goods just so our workers can afford basic needs. we are making all the washing machines and air conditioners to the entire world yet still 1/3 of chinese households cannot afford washing machines or air conditioners.The system stopped making sense to me at the point.
@1mol831 In China a few decades ago, if you were born in a city or into an official family, you could easily get a good job and receive a high pension after retirement. However, if you were born in a rural area , or civilian families, it is difficult to get a decent job, and the pension after retirement is pitiful. The gap between rich and poor among the elderly is quite huge, and it all depends more on your origins than your efforts.
@@1mol831 thats not true. china uses both the monthly allowance type of retirement benefit that is government distributed universial allowance, and the saving account type as part of 五险一金 program. My parents are receiving it. the later depends on how much one contributed in their life time. the prior depends on the job and location and theres a minimal national standard which is very low about 300 yuan/month which is not liveable. but in rich cities like beijing and shanghai the municipal minimal standard is high enough to support bare minimal living. but there are other benefits, like public transport is usually free for elders, and community centers usually have free or heavily subsidized or supported by donation cafeterias for elder that is very cheap (like 5 yuan less than 1 dollar buffet). the biggest expense is always medical. I would say at current standard if one is not sick survival in china for elder is usually not a problem. but because our free health care was terminated by deng in 90s, and we have a fully market oriented healthcare at this point, illness can strike a severe blow to financial situation. the public hospitals are very reasonably priced but they are always understaffed because more and more doctors are drawn to private hospitals that are willing to pay more wage. but they are expensive, 10x more expensive than public hospitals.
@@kato2395Chinese products selling point is not cheap, it's variety and quality/price ratio. China produces stuff spanning across the entire spectrums of quality and price.
@@Amoore-vv9wx what? Im getting a general idea of new topics on top of what I already know. Plus he links all of his sources in the description I think it’s a good source of information
You might want to include Lei's Real Talk on TH-cam in your research. She is a data analyst by profession and since she is a Chinese who moved to the US she also includes lots of China data that is not easy to find for Westerners. She really stands out in what she is doing and is right on the money if I may say so. I agree with the other comment answers here. The picture painted here is too rosy and provides unfortunately a too superficial view. Greetings from Germany and much success with your paper! PS: To provide you with a spoiler: One of the many things I've learned from watching her content is that China has now thanks to this unprecedented building boom in human history appr. 3 billion homes for a population of 1.4 billion if you go with the official data. It's been a huge waste of resources which is sad.
@@noahhultgren1710 Bruh, just don’t buy an EV; just get a Toyota Prius Hybrid. They have a longer range than an EV, better build quality and batteries that don’t explode on a regular basis, and don’t have stupid touch screens for important functions. Funny thing is, unlike BYD and Tesla, Toyota knows how to make half decent cars. Toyotas tend to last longer and have better part availibility. You dont have to worry about Toyota saying you dont have the right to repair your own vehicle. Sure when it comes to price, a Prius or a Hybrid Corolla is twice the price of a BYD Seagull, but you won’t have to deal with made in China B.S. What’s the point of paying 10k for a BYD car that dies less than 100 miles off the lot(True story btw, SerpenZA has a whole video covering the issues with BYD)
I love these videos. Sometimes I just play them in the background while I study, and it's just nice to have a calm voice talk about interesting topics without all the background music and noises.
watching all these growth videos is depressing af since my country, Pakistan is going the Congo route which is suck your country dry and don't give a crap about it. that's not very cash money of the government
@@cloudunknownJust Norway? I used to live in Barcelona and most of the taxi drivers and grocery sellers are Pakistani. The typical small grocery shops around the corner are now known as "Paki" shops by the locals. Regular conversations go like: "Oh shit I don't have beer left at home!" "No problem, the Paki next door is still open" And I heard it's the same in many Western European big cities. Pakistan's biggest export is raw people lol.
Can't have a functional and mature financial system without a strong rule of law, strong rule of law stops corruption, and corruption erodes rule of law. Tough gig
The most probable case is when Russia collapses into Anarchy. Or US return to its isolationist tradition. But since now the China is supporting Russia to prevents its collapse. So i think this would happen when US return to isolationist. Then China and Russia wont have the reason to cooperate since this cooperation exists only because of US.
Talking about Blackrock isn't a big deal, they only manage investments of others, that's it, no big secret society, that's only youtubers conspiracy bubbles
I love how China does such a great job on focusing on reducing poverty, they are still aiming to reduce even more, and life in China is just so civilised already . Despite the fact that China has issues with freedom of speech and all. But to be honest , nobody in China cares about that, most chinese people just love their own country and would like to keep living there for the rest of their life. Even though for other countries , they may not understand some of our ways.
China's policies on economics is great, but it could really work on qorking conditions and free speech. I do, however love high speed rail and it makes me happy that a rising superpower is looking towards the future.
We certainly won't be the first one to have that. The median salary in Shenzhen city is 5199 rmb per month in 2022， Today 2024.04.14 the potato is 2.99 rmb/kg Cabbage 3.79 rmb/kg Onion 1.99 rmb/500g Corn 3.89 rmb/1100g Broccoli 3.49 rmb/500g Rice 27.99 rmb/5kg Flesh made noodle 5.9 rmb/1kg Durian flavor pizza 6 rmb/130g Toufu 2.59rmb/400g Orange 30 rmb/4.5 kg Pork 8.9 rmb/500g Chicken chest 6.9 rmb/500g Egg 5 rmb/ 10 We are the biggest producers of many foods And what's more our friendly neighbour--Russia is one of the biggest food exporters in the world. Sure we import a lot of corn and other crops from outside especially the US but they are for growing meat, If we just eat simple and cheap meats such as chicken and eggs, then we don't even need to import crops and be self-suffient
@@arbs3ry "And what's more our friendly neighbor" Russia that country has shooting matches with over the boarder dispute? Saying you're friends is dishonest, you merely share a perceived enemy so you act nice. If China was capable of self sufficiency they wouldn't have been stock piling grains for a decade now.
“more goods than the Chinese could or wanted to use” bruh no it’s called wage repression, very common to accomplish an ongoing trade balance surplus, even Germany does it
in which industrial field does it germany? I thought that having high salary workers to pay, and regulations which actually have to be followed was very inconvenient for that matter. Why not simply relocate your business to a poor country which takes bribes and you have acess to slave-wage workers with no civil rights? Would sound like a no brainer to me.
@@4zir856 I can’t pinpoint a specific field, it’s just how the basic numbers work out. If a country exports more than it imports, it means its workers in aggregate have a smaller income than the value of the things they produce. Otherwise they’d ultimately spend it on imports - the money that comes into the country from a trade surplus doesn’t just disappear. That Germany’s workers sit at the top of the value chain in Europe doesn’t mean their wages aren’t repressed. It’s precisely because they sit on top of the value chain that this work didn’t get outsourced; low value-added work is commoditized and that is what makes it easy to outsource. E.g., you have Volkswagen which makes cars. Let’s split this process into two parts: design and manufacture. To design a car platform, you need a relatively small amount of highly skilled workers perfecting the so-called platform. VW can and wants these workers to be based in Germany because this work needs education and a lot of experience. But it doesn’t matter that you have to pay say a hundred of these guys €200k a year each for five years (€100m total) because the outcome of their work is a car design they make use of in every car they sell, and VW sells ten million cars a year. Over said five years the cost of this design team makes up like 2€ out of every car sold (for tens of thousands of euros) in our example. Conversely, because these guys solve the problem of “how to make a reliable car”, you can then have lower-paid workers in Europe’s periphery handle manufacturing because they mostly follow the instructions and man the assembly lines created in Germany. But to get back on point, none of this means that the German workers receive the full value of their work as income. German policy and attitudes favour savings and (private) investment, it’s how they got here, but at some point it’s turning towards their detriment. You save money to spend it on consumption later, and you invest money to make the things you want to consume later more abundant; if you do either without the matching deferred consumption, you’re just making a fake number go up.
@@4zir856 And you can’t relocate this design work because “car designed by Germans and made to german designs” carries a lot more weight than “car designed and made in Turkey that VW slapped a sticker on” A lot of American companies tried doing the second thing - the ideal US corporation is one that doesn’t make anything because then you don’t have to pay anyone to do so, you just outsource everything and license your brand to suppliers. If you want to know how that’s going, you may have heard about Boeing in the news lately.
@@DavidVallnerGM did it for years and they didn’t have any issues, they were able to continue wage suppression by closing North American plants which required higher wages and higher safety standards
@@bena69 so far, since the last time i was there, renewable energy seems to be their main focus. you can google huawei careers, they have a portal or smt similar showing which field of talents they’re looking into.
@@bena69 sounds like for the battery plant with solar power, it is highly demand around the world, think about like buy gold in lower price and resell for high price by next day and day by day.
I wish our government responses to businesses failure like China instead we bail out million&billion Aires while penalizing the regular man with fee after fee you get charged late fees that are more than the bill sometimes as if making you owe more would make you be able to pay. Most ppl don’t pay on time due to low funds not because they forget or mismanagement so why make it harder to pay and with fees and tickets they’re discriminatory towards the poor because it impacts them in tenfold compared to the rich a poor person can become homeless or end up in jail due to tickets and fees in contrast to a rich person not even being away of the penalty because someone else manages that for them. fees & tickets aren’t deterrences they’re just tools that create vicious cycles that create more obstacles to success for those starting at the bottom creating a bigger gap. If the government creates an environment that actively chargers you for being poor and subsidies the rich is insane. What’s crazy is when poor ppl especially minorities do succeed they’re made to feel less than like they were handed their opportunities and have more privilege than those that are their due to the hood ol’ boys club, nepotism or classism but that’s super valid.
Firstly, the conclusions drawn from this video are all based on data provided by Western media, so there are many descriptions that may seem very inaccurate to a Chinese person. Secondly, do not easily say that you hope a country can do the same as China. you need to understand the operational and economic logic of Chinese society, as they may be completely different from where you live. For example, our stock market clearly requires serving the financing needs of enterprises, rather than acting like a financial casino. Moreover, the Chinese government will not provide bottom line support to enterprises. They only provide assistance, just like parents guiding their children not to develop bad habits. If they do something that should not be done, they still face the responsibility and punishment they should bear.
well its not like china is all roses, they have basically forsaken the rural areas as nothing more than slaves so that they can make the cities look wealthy with the stolen wealth.
There's a lack of trust in domestic products amongst mainland Chinese, and an impression that imported Western products are generally of better quality. For example, there was a big scandal in 2008 where milk was contaminated and a bunch of babies died, so if they can afford it, a lot of Chinese buy imported dairy from Australia or Europe, and packaged baby formula from places like the US or Canada. That's why if you're ever visiting relatives in China, your parents pack your suitcase full of baby formula and vitamins/fish oil to give as gifts.
As a Chinese. I can accurately tell you that it was a national shock. In fact, more than one company has done so. The government just punished the worst ones and dissolved them. Other companies simply fined and corrected. The funny thing is that this has been reported in the media many times before, but it has been suppressed by public relations. Thanks to the New Zealand milk Company. They have cooperation with Chinese companies. When they learned of this, they contacted the Chinese government directly. The matter came to light. In 2008, there was too much corruption in China. Of course it has improved a lot now. This is a credit to xi.
I've never known Chinese people to be Big spenders. Any Chinese people I've encountered were always big on saving money while Americans, oh my God! You want to talk about some spenders? My former boss bought a hundred thousand dollar truck just because it looks cool. The guy lives in a giant house in the middle of the city. That's his commuting vehicle lmao. He thinks I'm crazy for driving a minivan when I could be driving a Porche to work.
because China is rich that mean the government is rich instead of the common people in China. unlike the government in west, Chinese government don't spend enough money for the basic public welfare and social security, so people are fear of the uncertainty of the future, and they need to save most of their income for the education, medical, housing and the life when they get old. but on the contrary, these basic social securities have been provided universally by the government in the west, so their people can just spend all of their income on consumption every month without any worry for the life in the next month or further future.
@@pipiqiqi4010 I understand that. However, I think Chinese people here in the States are more conservative with their cash because of their culture, and it's not just them, but a lot of Asians in general are usually good with managing their finances and it's harder to get them to buy your products.
@@WildsDreams45 the second generation of the wealthy Chinese is not that so conservative, many of them are the consumers of the luxury cars and houses in the west. if you are familiar with some newcomers from China mainland after 2010, you will find they are absolutely not conservative with cash at all.
@@WildsDreams45 that also depends. Usually people like that are rich second generations or third generations, or people who grown in a more maericanized community. Asian often gathers together and lived in a community and so many of them influenced each other a lot. In southeast Asia a lot of the Chinese are just like you mentioned. stingy as fuck and loves to save every penny. But tat the same time the younger generations is a mix, some are somewhat saving a lot but some spends a lot as they often got swept up by trends too.
Currently pakistan is in pretty shit situation. How about video about that in future? Plus you will probably get lots of views by ahem... their patriotic neighbours
BYD did succeed just cuz they were supported by China, they also worked incredibly hard and ended up as the survivor of a death game China unleashed on all Automobile Companies of China, that spiralled into a death game for the world in many manufacturing industries.
Something incredibly funny about China and America having persistent beef with one another and couching it in the language of ideology (particularly economic), despite both of them gradually moving to meet in the middle on economic policy for at least twenty years now.
@NeostormXLMAX when did we have beef with japan in the 80s lol. If anything, we were anticipating they'd become a superpower of a sort and weren't even really worried.
@@manipulatortrash The US engaged in heavy economic protectionism against Japan in the 1980s. Hard caps on auto imports, substantial tariffs on pretty much all industrial goods they viewed as a threat to American industrial capacity. It’s not indefensible depending on your one’s economic philosophy but this *was* Reagan era policy which makes it rather ironic.
@@binch6291 when people say the US had beef, there's an implication that there is some sort of politically and culturally juxtaposition between the two. I'm not even suggesting the US wasn't trying to suppress Japanese dominance over particular parts of their market and industry, it's more than just numbers and money. My point right now is that anyone trying to paint US-Japanese relations to that of modern US-Chinese relations heavily misunderstand the entire situation of the 80's. Japanese dominance wasn't feared nearly as much as the Chinese and many Japanese products then and now are still praised for its high quality. Japan's economic situation then is very different from that of China's right now. The very accords the person i responded to mentioned isn't even an instance of the US somehow having crippled Japan. It involved other nations and was done to maintain an economic order everyone involved wanted to ensure would continue on. The idea of American "beef" with Japan is just wrong. Friendly nations have participated in economic protectionism in plenty of sectors over history. I mean, do people really think US-Japanese relations have any real resemblance to that of modern day US-Chinese relations? Even on economic terms the only real similarity is that of "well trade happens and there is some sort of protectionism happening," which really isn't much against the larger backdrop of politics and the general populace's feelings as a whole.
Maybe the Chinese don't consume because they went from rags to riches in such a short timespan, so they still have the "poverty mentality" in spending? For example I'm not Chinese but my parents come from substinence farmer families and even though they have a decent jobs and life now, they still very rarely go to vacation because they'd rather save up for the 3rd house they're going to buy. My little brother has been begging them to replace his 12 year old computer but they think this(and any money spent on entertainment) is a waste of money.
China is wealthy at the governmental level, certainly, but the average Chinese citizen is far from being "rich" like those from developed countries. China's average income is not even half of that of neighboring developed Asian countries such as Japan, South Korea, etc., and their youth unemployment rate is extremely high. Also, the Chinese population living in rural areas is also extremely backwards compared to those in large cities.
What a great video, the little history lesson really shows how they are willing to wildly change up things to keep growing. Some lessons to be learned there
There is so much wrong with your video.. I don't even know where to begin.. other than you probably shouldn't believe everything you read on the Internet or everything you research on the internet because half of everything you said is wrong China is making the worst vehicles in the world and nobody wants them.. the only vehicles that are being imported from China are things like Tesla VW other than that cars that are 100% Chinese don't make it to America unless they're ordered directly from the manufacturer.. I can't even finish this video you're so incorrect about so much of your stuff but you're young yet so hopefully in the future you see what you did wrong here and you can correct that
Maybe because China before the revolution has never experienced Capitalism, they got Feudalism, skips Capitalism into Socialism, therefore the material condition conditioned the local population to think that Housing or Land ownership as the "symbol of riches" as result of a former feudal society
A bunch of ignorant guys China's GDP per capita is $12,000 But according to PPP, China has the highest purchasing power in the world Buses cost RMB 1 from the starting station to the terminal Subway, communication costs, various daily necessities and services, etc., can you find any price higher than that of European and American countries? And remember, most people do not have to pay personal income tax, and all goods already include taxes Cost of living, quality of life, etc., everything is difficult for Westerners to understand Look at Chinese factories, especially the automotive industry, which are basically robots working'zuo
So the new-new-plan is to sink tons of capital in "Electric Manufacturing", rather than in "Infrastructure", with the expectation that it will have a trickle-down effect. Why do I picture a different coloured bubble?
its the benefit of replacing oil imports with the new infra based on electric, and reduced reliance and hedging the oil price volatility on manufacturing inputs, the new jobs on the R&D front on all the eletric replacement parts and techs, those aren't bubble as it creeate real return rather than fiat return.
So you rather see your hard earned money plowed to paper assets like stocks & bitcoin and called them growth like what US is happening? Now that's the mirage and how fake US economy I say. Lol.
I'm immediately reminded of their EV grave yards. Plus, this all implies that Chinese youth want to buy these products. With cars being notoriously expensive, they would have to make a choice between that and child rearing. And considering the population decline that's putting them between a rock and a hard place.
@@grimgrahamch.4157 the so called EV grave yard is another photographic/propaganda master piece lol. You dont need to look to the future, China is already the biggest auto market by far, and EV is now more than 50% of total auto sales in China in March. Population decline is a gradual process over next 50-100 year, it won't have a visible effect on economy for atleast 3 more decades. If China is between a rock and a hard place right now, then I can argue China has ALWAYS been between a rock and hard place, and despite that China has done very well compare to all other nations on earth
Your videos used to be much more humorous and I miss that. I understand that not everything should be flashy and dumbed down but it seemed like humour was the core aspect of your channel. I remember rewatching your video about numbers at least 5 times because of how packed with jokes it was. Now I can barely make it till the end without falling asleep. Is my low attention span to balme?... I don't know, however, it's a shame that I get the sense of negligent work from over 30 minutes-long videos... 😬😬😬
Chinese people don't consume because it's just the culture and how they're taught. They save and save and do more saving. My parents bring in about 9k US a month and they probably spend like 1k and stash away the rest lmaoo. They don't take vacations or do anything fun. It's a really sad life if you ask me. I'm also the same way LOL, but i'm slightly better than them, just slightly.
Well, society in the United States used to be that way, they only worked and saved, they worried more because a product was so useful. But with the new discoveries in psychoanalysis companies and the government little by little began to change society to a very consumerist one. Listen to the documentary "The Century of the Self" I think neither of the two extremes is very good.
Interesting video, but bankrupt commentary, disconnected from historical reality. 40 million people didn't starve under Mao, and the system wasn't inefficient, that's western propaganda. You can check economic data easily to see how GDP grew fast under Mao, and then even faster with the new economic reforms that were part of Mao's New Democracy theory.
I’m guessing he hasn’t done his due diligence on BYD , their cars are shit. So many issues with their cars not enough text I this post to write everything out . . .
I love how he's showing Serpentza/Laowhy footage on one hand and talking about BYD's "mastery" of battery-making in the other; it's very ironic when the former has blatantly shown videos after videos of these BYD cars spontaneously exploding.
Nah bro not Mao‘s land reform in itself led to stagnation and starvation but rather his dumb „industrialise in your backyard (melt down your plow)“ and „kill all the sparrows“ hallucinations
No; China did not elevate 850,000,000 of their people into ‘upper middle class’ - unless you redefine the criteria or meaning of that phrase by extra-ordinary means.
He meant by upper middle class is the country's economic classification from a lower income to a upper middle income country which makes sense cause China haven't yet reached the High income barrier yet. While the 850 million is elevated from extreme poverty. Btw extreme poverty meant they cannot even afford basic needs so there are still poverty its just not so bad that they cannot afford basic needs. It's just the separation of those 2 points is hard to detect when its a verbal content rather than in writing.
Go to ground.news/hoser to stay fully informed on world events. Subscribe through my link for 40% off unlimited access this month.
New vid is great❤
0:46 isn't that info already outdated? I heard that they lost the status to Tesla again a couple of days ago
Can you consider doing a video on the economy of Japan? I find their monetary policy interesting but I don't really understand why they do it
Since they're facing similar problems to China, but trying to boost consumption through negative rates and stimulus to do it the last few decades. It would make a good complement to this video
질린다 질려..이제 붕괴가 아니라 침체로 바꼈냐? 침체도 안하면 또 뭘로바꾸게?현상유지?
you talk about this, but so many chineese live in squalor. Lack of infrastructure like plumbing and even fake fire hydrants.
buddy remembered that he has rent and bills
😂😂😂 gotta slurp those moolah
🗿
Tbf 3 weeks between 30-45 minute uploads isn't bad.
@@highbread817 for this type of content, yeah, and the video is totally edited
@@highbread817definitely, I trust he does his proper research
I think one of the most underrated things about these videos are that every country is their national animal (or most popular animal I'm pretty sure)
🐃
It's its special charm because most geography channels use country balls or just plain flags
🦁🦁🦁
@@arthurvanrodds2772 tired of countryballs tbh, the animals are very original and cool
The US's national animal is a bull?
"Deng Xiaoping loved all cats, black or white!" that quote reference hit like a truck
邓远不如毛。
the original quotation is like " a cat is a good cat no matter black or white, as long as it catches mouse"
@@d1g1talb0y000 And initiated the downfall of Chinese morality . It doesn't matter if the cat steal , cheat , rob, scam , as long as it can get the mouse , it's a good cat .
@@papayongsarninei8133 yes, the ends always justify the means
💯
It's unbelievable how many times housing speculation has led to economic collapse and yet STILL humankind does not learn from their mistakes.
its just pure captalism, housing is a marcked that is need but we doens´t necessarily need to survive like food, you will live a very shit life without a hose, but you may not die. It basicaly allow to hight speculation prices due the interests of the macket. A lot of contrys are just like this, just look the price of the squere meter on france, portugal, USA and Brazi, the brazil one counts more for the states captals that are usually bigger citys, (im brasilian)
not an accident
It's because everytime it collapse the economy the people who made the stupid decisions get bailed out, so from their perspective, it's risk free profit,
Georgism is an idea we should implement
Land is a finite resource, so in normal economic conditions (country where population or wealth are growing), land value can only go up. So it is a pretty good investment vehicle.
Chinese here. A somewhat personal account on why we don't consume.
When you plant rice, for every grain you don't eat, you can replant them to grow more for next year. Famine is always around the corner, so you SAVE. The more grain stock, the safer.
That's smart
only the chinese goverment is spending like crazy and there depth is increasing fast.
@@briondalionDe-escalation? Are you scared of China?
@@CMitchell808 why aren't you
@@beyondobscureim not CM
But they havent been in a war sence the war in viatnam after the us withdrew from there
Then china invaded and failed
That moment when he said “at the beginning of the 2020’s” 😳
China is such a paradox. They created an economic miracle that brought a nation of a billion people out of poverty but, it’s like they just went too fast and didn’t ever build the consumer habits of a developed country. They have a population that produces like developed nation but spends like a non developed one, which IRONICALLY leads them to becoming a less developed nation because their homegrown businesses can’t become as successful as European or American companies that have great domestic economies to support their global expansion down the line. Combine that with their less than stellar reputation internationally and you have the worlds biggest almost super power that is going to spend decades implementing policies to make the jump that likely will just lead to them going backwards or treading water. Going to be quite the story over our lifetimes.
Couldn’t have said it any better myself, dazy Patrick
That economic miracle are foreign companies investing in china. The same companies which are now not investing anymore.
China did not elevate anybody out of poverty.
They just made it illegal to talk about it.
The recent deceased prime minister even publicly aknowled the extreme poor earnings of the avarage chinese, which made him a big enemy of the CCP.
I assume you mean out of poverty in general terms, as poverty is still a major social issue in China today.
Why would a socialist country care about developing "consumer habits"
Their objectives are different. Unlike the west they think speculation and property only leads to wealth inequality. That is why they have pricked asset price bubbles. They favour manufacturing over financial engineering. As for homegrown companies, they have proven very nimble. Huawei just made record profits and their EV's are starting to appear everywhere. That copycat thing was said of Japanese companies in the seventies that they will not amount to anything. China's reputation isn't that bad, not perfect but better than the US in many parts of the developing world because they are consistent and not preachy.
Double your social credit and give it to a next person💀
-200000 to -400000
-200000 to -800000
-800000 to -1600000
The social credit is more like a credit score than what all those memes make it out to be
Nobody is buying it, china shill
>Does nothing
>Wins
He can't keep getting away with this!
Gods Favorite
Wow, a geopolitics TH-camr that isn't making a video on the potential downfall of China, a rarety
its because he already did that 💀💀💀
@@thetinyfishygaming5720he isn't Gordon Cheng 😭
wdym, clearly from all those videos its clear china will collapse in 30 minutes
China is already on the downfall, if they can’t get young workers to the country it will literally fail.
Yea we been told it will coll'apse for like the last 30 plus years it's just bs
Bro the little animal doodles with different country’s flags on them are actually pretty cool. You should sell stickers of them.
He had Mexico as an Axolotl
I think it's usually the national animal or bird of respective nation.
Make them in China. 🇨🇳
@@Dr.Kraig_RenBritain’s national animal is the Lion, not the bulldog
As a Gulf national I can say comfortably that the right now the average gen z Chinese is buying more than the average gen z Gulf national
Debt crisis on china with The youth
I think it's similar to what other Gen Z's in places say like South Korea and Turkey do. Because traditional goals of things like buying a house is less attainable now, a lot of young people, including those I know, just spend most their money to consume entertainment or luxurious products instead.
What is a gulf national? If you mean countries like Qatar and Bahrain, there's no way an average Chinese can buy more.
Gulf is too broad. Saudi, dubai and Qatar Gen z is definitely more of a spender
Bro my dumbass thought you where talking about the gulf of Mexico
as chinese, I actually dont know why people in media are so stressed by the population decline. we (that is zoomer in china) almost all see it as a good thing. Its a hell to living in an overpopulated country. and the next generation may not need to live like that, it is stressful and competitative, makes you feel insignificant. maybe they can finally living like proper people. and I think it is a perfect timing for population decline now that is at the dawn of AI and robotic automation. the industry 20 years later will not need 1 billion workers.
the problem is less workers to pay for older people retiring, meaning higher taxes, worse pensions, or a higher retirement age.
@@javasiege assuming 20 years later due to advancement in automation we have productive force that can produce same amount of if not more goods with far less worker but cannot distribute it to elder people because there are less people to pay for it, I consider it more a failling of distribution system, social economical or otherwise.
at certain point, I think we need to just accept that the system as it is based on assumption that there will always be more work needed to be done than that is avaliable will be simply unsustainable as it will be immaterial.
For past decades china had been ramping up production more and more, but ironically our demand had been shrinking in past years. we are already producing more than we can consume yet we cant even afford lots of things we produce, to the degree that china has to keep finding oversea buyers to buy those massive amount of surplus goods just so our workers can afford basic needs.
we are making all the washing machines and air conditioners to the entire world yet still 1/3 of chinese households cannot afford washing machines or air conditioners.The system stopped making sense to me at the point.
@@javasiege
There are no retirement benefits in China the last time I heard…
I think the retirees would have to perhaps fend for themselves.
@1mol831 In China a few decades ago, if you were born in a city or into an official family, you could easily get a good job and receive a high pension after retirement. However, if you were born in a rural area , or civilian families, it is difficult to get a decent job, and the pension after retirement is pitiful. The gap between rich and poor among the elderly is quite huge, and it all depends more on your origins than your efforts.
@@1mol831 thats not true. china uses both the monthly allowance type of retirement benefit that is government distributed universial allowance, and the saving account type as part of 五险一金 program. My parents are receiving it.
the later depends on how much one contributed in their life time. the prior depends on the job and location and theres a minimal national standard which is very low about 300 yuan/month which is not liveable. but in rich cities like beijing and shanghai the municipal minimal standard is high enough to support bare minimal living.
but there are other benefits, like public transport is usually free for elders, and community centers usually have free or heavily subsidized or supported by donation cafeterias for elder that is very cheap (like 5 yuan less than 1 dollar buffet).
the biggest expense is always medical. I would say at current standard if one is not sick survival in china for elder is usually not a problem. but because our free health care was terminated by deng in 90s, and we have a fully market oriented healthcare at this point, illness can strike a severe blow to financial situation. the public hospitals are very reasonably priced but they are always understaffed because more and more doctors are drawn to private hospitals that are willing to pay more wage. but they are expensive, 10x more expensive than public hospitals.
Incredible editing and animation, I feel like he's hired some great or just honed his art.
Still just me for now
Your skill level is on a new level
@@h0serYeah it has improved a lot, keep working hard 👍
Its not incredible animation, its barely an animation.
Not saying its bad, its his own style.
His real skill is genius level sound effects, friggen amazing, perfectly matched and perfect levels of humor without being annoying. Love it!
I bought a waterhose from china and it blew up immediately
It’s not the Chinese fault you were too cheap to buy the more expensive hose.
@@Tj33333 what is the selling point of chinese products beside being cheap then? If it is not cheap I'd better get something not made in China
@@kato2395 to say you support china, buy from you own country if u have national pride and what to keep the cash within your borders
@@kato2395Chinese products selling point is not cheap, it's variety and quality/price ratio. China produces stuff spanning across the entire spectrums of quality and price.
@@GeoPoly214 even their high end stuff is cheaply made why should I get them from china then?
Why should I pay premium for bargain quality products
This was posted at the best time. I'm writing a final paper for a college class on China
don't forget to include the fact that the sinicisation project under xi includes the ethnic and cultural genocide of all chinese minoritiies
@@Amoore-vv9wx what? Im getting a general idea of new topics on top of what I already know. Plus he links all of his sources in the description I think it’s a good source of information
a lot of this is too rosy a look on china.
@@VirisNS well it’s one perspective yeah I’ve been researching the country all semester
You might want to include Lei's Real Talk on TH-cam in your research. She is a data analyst by profession and since she is a Chinese who moved to the US she also includes lots of China data that is not easy to find for Westerners.
She really stands out in what she is doing and is right on the money if I may say so.
I agree with the other comment answers here. The picture painted here is too rosy and provides unfortunately a too superficial view.
Greetings from Germany and much success with your paper!
PS: To provide you with a spoiler: One of the many things I've learned from watching her content is that China has now thanks to this unprecedented building boom in human history appr. 3 billion homes for a population of 1.4 billion if you go with the official data. It's been a huge waste of resources which is sad.
I cannot stop getting ads for BYD cars as a jamaican
Exploding batteries…
@@mq5731 🤫🤫🤫
American here, Id rather die in a battery fire than shift with a touchscreen like in a Tesla.
@@noahhultgren1710 Bruh, just don’t buy an EV; just get a Toyota Prius Hybrid. They have a longer range than an EV, better build quality and batteries that don’t explode on a regular basis, and don’t have stupid touch screens for important functions.
Funny thing is, unlike BYD and Tesla, Toyota knows how to make half decent cars. Toyotas tend to last longer and have better part availibility. You dont have to worry about Toyota saying you dont have the right to repair your own vehicle.
Sure when it comes to price, a Prius or a Hybrid Corolla is twice the price of a BYD Seagull, but you won’t have to deal with made in China B.S. What’s the point of paying 10k for a BYD car that dies less than 100 miles off the lot(True story btw, SerpenZA has a whole video covering the issues with BYD)
I'd rather have a chinese electrocar rather than give a cent to Elon
I love these videos. Sometimes I just play them in the background while I study, and it's just nice to have a calm voice talk about interesting topics without all the background music and noises.
any thoughts on Donghua Jinlong's industrial grade glycine manufacturing?
with that out of the way, are you aware of food grade glycine supplements that boost your body's protein production by a whopping 65%?!
Lol wut
What is that used for?
😂😂 goated reference
Easily the best in class
watching all these growth videos is depressing af since my country, Pakistan is going the Congo route which is suck your country dry and don't give a crap about it.
that's not very cash money of the government
move to norway like other pakistanis :D
not very cash money of them indeed
@@cloudunknownJust Norway? I used to live in Barcelona and most of the taxi drivers and grocery sellers are Pakistani. The typical small grocery shops around the corner are now known as "Paki" shops by the locals.
Regular conversations go like:
"Oh shit I don't have beer left at home!"
"No problem, the Paki next door is still open"
And I heard it's the same in many Western European big cities. Pakistan's biggest export is raw people lol.
@ButtMash1 never heard of Pakistanis immigrating to Norway.They usually go to gulf countries & anglo-saxon countries.
Damn I posted a long comment explaining how there is also lots of Pakistani imigrants in Spain but YT deleted it for some bs reason.
*The VIRGIN CCP:* "Will you please cOnsoOom??"
*The CHAD Chinese:* "No. 🗿"
Ccp creates
Chinese use
World : plz give us as well
High corruption and financial services don't tend to mix well.
And with high poverty rates and unemployment rates ( even for Chinas standards) I doubt that China will survive
they numbers are often "massaged" as well
Can't have a functional and mature financial system without a strong rule of law, strong rule of law stops corruption, and corruption erodes rule of law. Tough gig
We're talking about the US right?
Who ?
The real question is when China is going to reclaim Vladisvostok?
reclaim Vladisvostok? what for if china will owned russia!
When Russia has a Warlord Era of Course
Them trying to claim Siberia would honestly be hilarious....poor Mongolia though.
@@baronvonjo1929 hilarious until reality hits hard.
The most probable case is when Russia collapses into Anarchy.
Or US return to its isolationist tradition.
But since now the China is supporting Russia to prevents its collapse.
So i think this would happen when US return to isolationist.
Then China and Russia wont have the reason to cooperate since this cooperation exists only because of US.
Average geography youtuber: Wait they are not collapsing?!
Geography?
40 minute hoser video, let's goooo
You should make a video about Blackrock. I'm sure you'll 100% not get assassinated.
There are lots of videos about blackrock
@@davidwestwater2219 Maybe if you go searching for it. I've never been recommended anything remotely close to it.
BlackRock isn't the Illuminati
@@davidwestwater2219 About Black Rock Shooter the anime, not about Blackrock the actual corporation behind the US
Talking about Blackrock isn't a big deal, they only manage investments of others, that's it, no big secret society, that's only youtubers conspiracy bubbles
I love how China does such a great job on focusing on reducing poverty, they are still aiming to reduce even more, and life in China is just so civilised already . Despite the fact that China has issues with freedom of speech and all. But to be honest , nobody in China cares about that, most chinese people just love their own country and would like to keep living there for the rest of their life. Even though for other countries , they may not understand some of our ways.
China's policies on economics is great, but it could really work on qorking conditions and free speech. I do, however love high speed rail and it makes me happy that a rising superpower is looking towards the future.
Enough bot written content in this comment to make ChatGPT look like an etch-a-sketch
Oh, sweet, a new hoser vid
Only this one is Chinese propaganda crap
Goku would win. No question about it.
After all, he could blow up the planet without his powers by just useing his hands 😂
China will the the FIRST country in the world to make Soylent green. 🤣
First is a bold word, we must pretend like in 1984, that the other place is a controlled dystopia, not ours.
We certainly won't be the first one to have that.
The median salary in Shenzhen city is 5199 rmb per month in 2022，
Today 2024.04.14 the potato is 2.99 rmb/kg
Cabbage 3.79 rmb/kg
Onion 1.99 rmb/500g
Corn 3.89 rmb/1100g
Broccoli 3.49 rmb/500g
Rice 27.99 rmb/5kg
Flesh made noodle 5.9 rmb/1kg
Durian flavor pizza 6 rmb/130g
Toufu 2.59rmb/400g
Orange 30 rmb/4.5 kg
Pork 8.9 rmb/500g
Chicken chest 6.9 rmb/500g
Egg 5 rmb/ 10
We are the biggest producers of many foods
And what's more our friendly neighbour--Russia is one of the biggest food exporters in the world.
Sure we import a lot of corn and other crops from outside especially the US but they are for growing meat, If we just eat simple and cheap meats such as chicken and eggs, then we don't even need to import crops and be self-suffient
@@arbs3ry "And what's more our friendly neighbor" Russia that country has shooting matches with over the boarder dispute? Saying you're friends is dishonest, you merely share a perceived enemy so you act nice.
If China was capable of self sufficiency they wouldn't have been stock piling grains for a decade now.
@@arbs3ry FLESH MADE NOODLE
Chinese man eat luxury fish and meat, Russian man eat caviar on blin, western man eat soy and syrup.
I am once again asking you to make a video on Uganda! 40 minutes of my boo boo bear goat Hoser tho 🤤
“more goods than the Chinese could or wanted to use” bruh
no it’s called wage repression, very common to accomplish an ongoing trade balance surplus, even Germany does it
in which industrial field does it germany? I thought that having high salary workers to pay, and regulations which actually have to be followed was very inconvenient for that matter.
Why not simply relocate your business to a poor country which takes bribes and you have acess to slave-wage workers with no civil rights? Would sound like a no brainer to me.
@@4zir856 I can’t pinpoint a specific field, it’s just how the basic numbers work out.
If a country exports more than it imports, it means its workers in aggregate have a smaller income than the value of the things they produce. Otherwise they’d ultimately spend it on imports - the money that comes into the country from a trade surplus doesn’t just disappear.
That Germany’s workers sit at the top of the value chain in Europe doesn’t mean their wages aren’t repressed.
It’s precisely because they sit on top of the value chain that this work didn’t get outsourced; low value-added work is commoditized and that is what makes it easy to outsource.
E.g., you have Volkswagen which makes cars. Let’s split this process into two parts: design and manufacture. To design a car platform, you need a relatively small amount of highly skilled workers perfecting the so-called platform. VW can and wants these workers to be based in Germany because this work needs education and a lot of experience. But it doesn’t matter that you have to pay say a hundred of these guys €200k a year each for five years (€100m total) because the outcome of their work is a car design they make use of in every car they sell, and VW sells ten million cars a year. Over said five years the cost of this design team makes up like 2€ out of every car sold (for tens of thousands of euros) in our example. Conversely, because these guys solve the problem of “how to make a reliable car”, you can then have lower-paid workers in Europe’s periphery handle manufacturing because they mostly follow the instructions and man the assembly lines created in Germany.
But to get back on point, none of this means that the German workers receive the full value of their work as income. German policy and attitudes favour savings and (private) investment, it’s how they got here, but at some point it’s turning towards their detriment. You save money to spend it on consumption later, and you invest money to make the things you want to consume later more abundant; if you do either without the matching deferred consumption, you’re just making a fake number go up.
@@4zir856 And you can’t relocate this design work because “car designed by Germans and made to german designs” carries a lot more weight than “car designed and made in Turkey that VW slapped a sticker on”
A lot of American companies tried doing the second thing - the ideal US corporation is one that doesn’t make anything because then you don’t have to pay anyone to do so, you just outsource everything and license your brand to suppliers. If you want to know how that’s going, you may have heard about Boeing in the news lately.
@@DavidVallnerGM did it for years and they didn’t have any issues, they were able to continue wage suppression by closing North American plants which required higher wages and higher safety standards
@@bumperbonnie5721 I’m not familiar with GM but like have they really outsourced platform design as opposed to just manufacturing/assembly?
Omg secret hoser vid
How'd you do that?
weird, for me it says this came out 35 seconds ago but your comment is 3 hours old?
@@ToastLord42They're a member, they get early access
@@ToastLord42 😉
@@ToastLord42 they got early access because they're a channel member
as someone who worked for huawei for a bit, theyre def hiring A LOT of electricity related position.
Hello, what kind of power position is Huawei recruiting for? Micro-electric engineer or high current related engineer?
@@bena69 so far, since the last time i was there, renewable energy seems to be their main focus. you can google huawei careers, they have a portal or smt similar showing which field of talents they’re looking into.
@@bena69 sounds like for the battery plant with solar power, it is highly demand around the world, think about like buy gold in lower price and resell for high price by next day and day by day.
made in china is the new made in japan
people hated it at first but accepted it later on
Hoser please let me see the kids again please I beg you you can't keep them away
I wish our government responses to businesses failure like China instead we bail out million&billion Aires while penalizing the regular man with fee after fee you get charged late fees that are more than the bill sometimes as if making you owe more would make you be able to pay. Most ppl don’t pay on time due to low funds not because they forget or mismanagement so why make it harder to pay and with fees and tickets they’re discriminatory towards the poor because it impacts them in tenfold compared to the rich a poor person can become homeless or end up in jail due to tickets and fees in contrast to a rich person not even being away of the penalty because someone else manages that for them. fees & tickets aren’t deterrences they’re just tools that create vicious cycles that create more obstacles to success for those starting at the bottom creating a bigger gap. If the government creates an environment that actively chargers you for being poor and subsidies the rich is insane. What’s crazy is when poor ppl especially minorities do succeed they’re made to feel less than like they were handed their opportunities and have more privilege than those that are their due to the hood ol’ boys club, nepotism or classism but that’s super valid.
Firstly, the conclusions drawn from this video are all based on data provided by Western media, so there are many descriptions that may seem very inaccurate to a Chinese person. Secondly, do not easily say that you hope a country can do the same as China. you need to understand the operational and economic logic of Chinese society, as they may be completely different from where you live. For example, our stock market clearly requires serving the financing needs of enterprises, rather than acting like a financial casino. Moreover, the Chinese government will not provide bottom line support to enterprises. They only provide assistance, just like parents guiding their children not to develop bad habits. If they do something that should not be done, they still face the responsibility and punishment they should bear.
well its not like china is all roses, they have basically forsaken the rural areas as nothing more than slaves so that they can make the cities look wealthy with the stolen wealth.
Jesus I need an AI to sort through that word salad
He summoned the Chinese bots and ccp defenders with this one
yeah im seeing a lot of them in here, that statement of 'don't trust everything you see on the internet' still reigns true especially now.
There's a lack of trust in domestic products amongst mainland Chinese, and an impression that imported Western products are generally of better quality. For example, there was a big scandal in 2008 where milk was contaminated and a bunch of babies died, so if they can afford it, a lot of Chinese buy imported dairy from Australia or Europe, and packaged baby formula from places like the US or Canada. That's why if you're ever visiting relatives in China, your parents pack your suitcase full of baby formula and vitamins/fish oil to give as gifts.
As a Chinese. I can accurately tell you that it was a national shock. In fact, more than one company has done so. The government just punished the worst ones and dissolved them. Other companies simply fined and corrected. The funny thing is that this has been reported in the media many times before, but it has been suppressed by public relations. Thanks to the New Zealand milk Company. They have cooperation with Chinese companies. When they learned of this, they contacted the Chinese government directly. The matter came to light. In 2008, there was too much corruption in China. Of course it has improved a lot now. This is a credit to xi.
I've never known Chinese people to be Big spenders. Any Chinese people I've encountered were always big on saving money while Americans, oh my God! You want to talk about some spenders? My former boss bought a hundred thousand dollar truck just because it looks cool. The guy lives in a giant house in the middle of the city. That's his commuting vehicle lmao. He thinks I'm crazy for driving a minivan when I could be driving a Porche to work.
because China is rich that mean the government is rich instead of the common people in China. unlike the government in west, Chinese government don't spend enough money for the basic public welfare and social security, so people are fear of the uncertainty of the future, and they need to save most of their income for the education, medical, housing and the life when they get old. but on the contrary, these basic social securities have been provided universally by the government in the west, so their people can just spend all of their income on consumption every month without any worry for the life in the next month or further future.
@@pipiqiqi4010 I understand that. However, I think Chinese people here in the States are more conservative with their cash because of their culture, and it's not just them, but a lot of Asians in general are usually good with managing their finances and it's harder to get them to buy your products.
@@WildsDreams45 the second generation of the wealthy Chinese is not that so conservative, many of them are the consumers of the luxury cars and houses in the west. if you are familiar with some newcomers from China mainland after 2010, you will find they are absolutely not conservative with cash at all.
@@pipiqiqi4010 Interesting. I never knew about that.
@@WildsDreams45 that also depends. Usually people like that are rich second generations or third generations, or people who grown in a more maericanized community. Asian often gathers together and lived in a community and so many of them influenced each other a lot. In southeast Asia a lot of the Chinese are just like you mentioned. stingy as fuck and loves to save every penny. But tat the same time the younger generations is a mix, some are somewhat saving a lot but some spends a lot as they often got swept up by trends too.
Currently pakistan is in pretty shit situation.
How about video about that in future?
Plus you will probably get lots of views by ahem... their patriotic neighbours
BYD did succeed just cuz they were supported by China, they also worked incredibly hard and ended up as the survivor of a death game China unleashed on all Automobile Companies of China, that spiralled into a death game for the world in many manufacturing industries.
Something incredibly funny about China and America having persistent beef with one another and couching it in the language of ideology (particularly economic), despite both of them gradually moving to meet in the middle on economic policy for at least twenty years now.
Its one sided usa beef, the usa had beef with japan in the 80s too look up plaza accords
@@NeostormXLMAX"1 sided usa beef" yeah totally not because china is trying to bully southeast asia into letting them say a sea is theirs on a map
@NeostormXLMAX when did we have beef with japan in the 80s lol. If anything, we were anticipating they'd become a superpower of a sort and weren't even really worried.
@@manipulatortrash The US engaged in heavy economic protectionism against Japan in the 1980s. Hard caps on auto imports, substantial tariffs on pretty much all industrial goods they viewed as a threat to American industrial capacity. It’s not indefensible depending on your one’s economic philosophy but this *was* Reagan era policy which makes it rather ironic.
@@binch6291 when people say the US had beef, there's an implication that there is some sort of politically and culturally juxtaposition between the two. I'm not even suggesting the US wasn't trying to suppress Japanese dominance over particular parts of their market and industry, it's more than just numbers and money.
My point right now is that anyone trying to paint US-Japanese relations to that of modern US-Chinese relations heavily misunderstand the entire situation of the 80's. Japanese dominance wasn't feared nearly as much as the Chinese and many Japanese products then and now are still praised for its high quality. Japan's economic situation then is very different from that of China's right now. The very accords the person i responded to mentioned isn't even an instance of the US somehow having crippled Japan. It involved other nations and was done to maintain an economic order everyone involved wanted to ensure would continue on. The idea of American "beef" with Japan is just wrong. Friendly nations have participated in economic protectionism in plenty of sectors over history.
I mean, do people really think US-Japanese relations have any real resemblance to that of modern day US-Chinese relations? Even on economic terms the only real similarity is that of "well trade happens and there is some sort of protectionism happening," which really isn't much against the larger backdrop of politics and the general populace's feelings as a whole.
30 minutes of pure propaganda that reads like a video essay by SCMP, h0ser really inhaling the long sick of Blackrock with this one, very embarassing
you missed a few buzz words there
the cope in the comments is hilarious and sad
?
Nothing hurts the egos of westerners like China. Non racists can appreciate
I highly doubt BYD could make It without subsidies from Beijing...
those ev cars are combusting fast
Maybe the Chinese don't consume because they went from rags to riches in such a short timespan, so they still have the "poverty mentality" in spending?
For example I'm not Chinese but my parents come from substinence farmer families and even though they have a decent jobs and life now, they still very rarely go to vacation because they'd rather save up for the 3rd house they're going to buy. My little brother has been begging them to replace his 12 year old computer but they think this(and any money spent on entertainment) is a waste of money.
China is wealthy at the governmental level, certainly, but the average Chinese citizen is far from being "rich" like those from developed countries.
China's average income is not even half of that of neighboring developed Asian countries such as Japan, South Korea, etc., and their youth unemployment rate is extremely high. Also, the Chinese population living in rural areas is also extremely backwards compared to those in large cities.
What a great video, the little history lesson really shows how they are willing to wildly change up things to keep growing. Some lessons to be learned there
There is so much wrong with your video.. I don't even know where to begin.. other than you probably shouldn't believe everything you read on the Internet or everything you research on the internet because half of everything you said is wrong China is making the worst vehicles in the world and nobody wants them.. the only vehicles that are being imported from China are things like Tesla VW other than that cars that are 100% Chinese don't make it to America unless they're ordered directly from the manufacturer.. I can't even finish this video you're so incorrect about so much of your stuff but you're young yet so hopefully in the future you see what you did wrong here and you can correct that
Maybe because China before the revolution has never experienced Capitalism, they got Feudalism, skips Capitalism into Socialism, therefore the material condition conditioned the local population to think that Housing or Land ownership as the "symbol of riches" as result of a former feudal society
Damn I can't even afford a car ,so I believe the Chinese one might be my first one,btw the average income in my country is like 200 dollars a month 😂
China is also the world's leading importer of food and energy which is why they are so vulnerable to a blockade
This guy sounds like a car salesman but the car is China. What exactly do you gain by delivering only good propaganda about one nation?
got a byd ad on this 💀
Great cars. Owned one since early this year. 0 issues and the quality is far superior to anything European or Japanese in the same price range.
it’s so funny how somehow, people this think is both a pro china and an anti china video 😂 people think the world is black and white
Some would say that china's EVs are explosive!
Some good info but for the most part this was a rank propaganda video
Yes cause people can’t talk good about china
What a silly and ideologically biased video, the same Chinese that today are in charge of their success will refute the claims this video makes
Have you ever gone to China ? Instead of talking crap
It’s always funny to watch these videos narrated from the very one sided view
A bunch of ignorant guys
China's GDP per capita is $12,000
But according to PPP, China has the highest purchasing power in the world
Buses cost RMB 1 from the starting station to the terminal
Subway, communication costs, various daily necessities and services, etc., can you find any price higher than that of European and American countries?
And remember, most people do not have to pay personal income tax, and all goods already include taxes
Cost of living, quality of life, etc., everything is difficult for Westerners to understand
Look at Chinese factories, especially the automotive industry, which are basically robots working'zuo
So the new-new-plan is to sink tons of capital in "Electric Manufacturing", rather than in "Infrastructure", with the expectation that it will have a trickle-down effect.
Why do I picture a different coloured bubble?
Well at least you can export electric devices when your own people don’t buy it, you can’t export an house
its the benefit of replacing oil imports with the new infra based on electric, and reduced reliance and hedging the oil price volatility on manufacturing inputs, the new jobs on the R&D front on all the eletric replacement parts and techs, those aren't bubble as it creeate real return rather than fiat return.
So you rather see your hard earned money plowed to paper assets like stocks & bitcoin and called them growth like what US is happening? Now that's the mirage and how fake US economy I say. Lol.
I'm immediately reminded of their EV grave yards. Plus, this all implies that Chinese youth want to buy these products. With cars being notoriously expensive, they would have to make a choice between that and child rearing. And considering the population decline that's putting them between a rock and a hard place.
@@grimgrahamch.4157 the so called EV grave yard is another photographic/propaganda master piece lol.
You dont need to look to the future, China is already the biggest auto market by far, and EV is now more than 50% of total auto sales in China in March.
Population decline is a gradual process over next 50-100 year, it won't have a visible effect on economy for atleast 3 more decades.
If China is between a rock and a hard place right now, then I can argue China has ALWAYS been between a rock and hard place, and despite that China has done very well compare to all other nations on earth
The little animal animations always crack me up, like the panda with a jackhammer at 27:50 and the lion with a microscope at 30:25 lol.
Your videos used to be much more humorous and I miss that. I understand that not everything should be flashy and dumbed down but it seemed like humour was the core aspect of your channel. I remember rewatching your video about numbers at least 5 times because of how packed with jokes it was. Now I can barely make it till the end without falling asleep. Is my low attention span to balme?... I don't know, however, it's a shame that I get the sense of negligent work from over 30 minutes-long videos...
😬😬😬
Chinese people don't consume because it's just the culture and how they're taught. They save and save and do more saving. My parents bring in about 9k US a month and they probably spend like 1k and stash away the rest lmaoo. They don't take vacations or do anything fun. It's a really sad life if you ask me. I'm also the same way LOL, but i'm slightly better than them, just slightly.
Well, society in the United States used to be that way, they only worked and saved, they worried more because a product was so useful. But with the new discoveries in psychoanalysis companies and the government little by little began to change society to a very consumerist one. Listen to the documentary "The Century of the Self" I think neither of the two extremes is very good.
It's called the 5th Revolution. The 6th is space travel, deep sea mining, and ai
Let’s have the 7th Revolution, which is the reactionaries taking back the power
The 7th will be interstellar travel?
@@cashewnuttel9054 nah that's the USA invading out of jealousy
Interesting video, but bankrupt commentary, disconnected from historical reality. 40 million people didn't starve under Mao, and the system wasn't inefficient, that's western propaganda. You can check economic data easily to see how GDP grew fast under Mao, and then even faster with the new economic reforms that were part of Mao's New Democracy theory.
you just have to watch out for lithium battery fires and the cars not working or being safe. and also stealing tech and designs from everyone
I hope you at least got paid for this blatant propaganda piece
I’m guessing he hasn’t done his due diligence on BYD , their cars are shit. So many issues with their cars not enough text I this post to write everything out . . .
tfw you walk through the nation of green technology and you feel like you are in a ww1 gas attack.
40 minute banger, thank you boss
The boss liked your comment, but you only have one like. Wth.
Buy Tesla 100% better.
BYD #1 in Tofu cars😢
11:56 - Classic Winston and C-Milk riding through China. Good find!
I love how he's showing Serpentza/Laowhy footage on one hand and talking about BYD's "mastery" of battery-making in the other; it's very ironic when the former has blatantly shown videos after videos of these BYD cars spontaneously exploding.
And There's also no birds in China. 😂
Serpentza and Laowhy are opportunists who try to earn views by smearing china with fake news, not a good source of information about china
Noticed that too haha
@@Go4Broke247 wtf?! there's alot of birds in China.
Chinese goods are excellent if you pay for the good ones. i know that myself. Better than anything I've purchased here.
This account seems like a propaganda account.
You are brave to post a balanced China vid, kudos bro
I don't think it's an exaggeration to say that this is my favorite channel. I really like the long-form video too, please do more!
Nah bro not Mao‘s land reform in itself led to stagnation and starvation but rather his dumb „industrialise in your backyard (melt down your plow)“ and „kill all the sparrows“ hallucinations
China - banks too big to fail
America - "First time?"
Great video but the way you pronounced volkswagen made me physically cringe
Wild Quark sighting (haii :3)
So much wrong information.😅 the us debt is so much higher than china.
That was excellent, thank you.
Please make a video on India.
Their story hasn't started yet.
BYD had a whole show room that caught on fire. There are always BYD cars catching on fire in China 😂
Best selling car dosen't mean most reliable ,byd is cutting corners buying a China brand made in china car is like setting money on fire.
No one said it was the most reliable.
Ford sucks yet people buy so many of their cars.
@@rc5448Ford's Powershift transmission was absolute garbage and people still bought tons of Ford cars.
please create a video about North Africa vs the future 🇩🇿 🇲🇦 🇹🇳 🇱🇾 🇸🇩 🇪🇬 🇲🇷
BYD cars explode non stop in china lmao xD
The S in BYD stands for Safety
hoser, This is so fun! I'm happy I found your channel!
Do an obscure country. I'm tired of the China story.
BYD😂 Buy You Die????
As a native Chinese, I could confirm that your social credits have deducted 1,000,000 for posting this video.
wdym? this is the most pro Chinese propaganda this guy ever made 😂
This is just a rather sloppy made video about China's economy.
I'm not a Chinese. But I support the Chinese gov move to ban loot boxes in games, limit playtime in young children.
Are you a shill? This seems one sided 🤨
god forbid he didnt spend 40 minutes talking about individual freedom or things westoids talk about to downplay chinas achievements
@@ingenieroriquelmecagardomo4067 Human freedom and dignity, the right to not be silenced and oppressed. Definitely a "westoid" thing huh?
@@Stalkerfan498 lmao what?
@@ethanc4667 either he or youtube deleted his comment lol
I will bike before I drive a Chinese made ev
No; China did not elevate 850,000,000 of their people into ‘upper middle class’ - unless you redefine the criteria or meaning of that phrase by extra-ordinary means.
He meant by upper middle class is the country's economic classification from a lower income to a upper middle income country which makes sense cause China haven't yet reached the High income barrier yet. While the 850 million is elevated from extreme poverty. Btw extreme poverty meant they cannot even afford basic needs so there are still poverty its just not so bad that they cannot afford basic needs. It's just the separation of those 2 points is hard to detect when its a verbal content rather than in writing.
Chinese cars still suck