Thanks again Jerry debunking western misinformation & disinformation propaganda against China 🇨🇳. You are a gem always voicing TRUTHS objectively from your perspective living in China.👌👍as always brilliantly articulated. 👌👍💝
Business people in China are fast becoming prime investors in foreign countries and they are excelling in their ventures. They solve problems and redress whatever weaknesses they have including language barriers. That said, it is unlikely China's economy will collapse.
Hi Jerry, The Economist editor should sit up and listen to your economic report on China. They have been predicting a China economy collapse since 1990!
Thanks, I just took a four day break to visit Beijing with family, I hadn't expected an overnight stop in Guangzhou to be added to it, but it's nice to be back and also nice to be missed :-))
True, but the GBA aslo includes the ecinomies of HK and Macau, this is specifically about the Mainland cities in the province of Guangdong - for obvious reasons, the economies of the SARs are kept seperate from the One country because of the two systems
Sounds great! Guangzhou is the second most expensive city in the Province, Shenzhen costs more, it's a lot cheaper in some of the smaller cities though - Zhongshan is one quarter of Guangzhou's prices
Off topic but important. Rednote is experiencing large numbers of Americans coming in from tiktok redirecting the ban. It might not happen. China are calling then tiktok refugees and are making many very kind welcome messages. It is beautiful to see. Please do one of your videos about this. 🙏
While things in China improvea consistantly the things in the west declines cinsistantly - health care, jobs, infrastructure, crime rates and cost of living is even more expensive. Growth in the west is at negative growth!!!!
Thank you for the mention on agriculture and the consistent move towards self sufficiency. Have noted China moving away from being dependent on US and G7 for agriculture produce and working to a greater extend with other nations on this subject. Just a thought if you could do a quick overview on this situation as to my way of thinking it is not wise to be dependant on countries that view China as some type of threat.
The western media is describing problems and economical difficulties as China but it’s really there own so their people would feel better that others are worse off than them 😂😂
Guangdong has always been a thriving economy due to the huge diversity of their products which are in great demand from the rest of the world n will continue to remain resilient in whatever the economic situation which may arise from the insanity n desperation of those US policy makers
Excellent commentary Jerry, China consistently never ceases to amaze. As you know, Guangdong was historically among the poorest regions in China which served to drive the Chinese diaspora to the West. It was Cantonese "coolies" who played a huge part in buidling American railroads during the industrial revolution. They settled in many "Chinatowns" many of which still remain. It is indeed gratifying that today's GD has become so prosperous and an economic growth engine driving China's ever evolving and influential presence in the world. Thanks!!!
No matter how confusing the world has become, the Chinese compass will not be influenced and deviated Jerry. The Chinese’s struggles from 1949 to 2000 solidified their resolves. They barely escaped the 100+ trillion U.S. dollars debts from the American banks post 1949 incurred by the KMT and the Qing dynasty. They saw the true extend of suffering should they drop the ball again, Jerry. What you’re witnessing in China is history. What the Chinese people could truly be, if they weren’t weak and in heavily in debt.
Such verified economic data must be published widely in order to debunk the misinformation and false narratives of the West, while also to educate the the general public. 😊
They do publish it in China, and it's issued by the Minstry of Foreign Affairs as well as the State Council Information Office, which is my go to source, the problem is, they are both a little slow posting news, so we can usually get it from CGTN, the Global Times or China Daily's English sites before we get it formally through the government and Western media ignores completely any good news that from them
One comment, high interest rate is bad for borrowers but would encourage savings as Chinese are high savers. Americans are poor savers because for years until recently, interest rates were less than 1%. No incentive to save. 😊
It is fair to say that living in the west is prohibitively expensive. Eating out is costly both for meals and tipping. Groceries on average cost 50 dollars just for modest quantities. Housing is impossible to buy, or even rent, for that matter.
I heard today that it costs $60-100 for a haircut in New York and you have to tip too - it cost me 15 RMB for my last one! that's just over $2:00 and no tip required
I want to add some tidbits for your information, I just finished attending CES in Las Vegas, and surprised surprised, I felt 90% of the exhibitors are now Chinese, (it’s easier to converse in Putonghua than English in many instances) and 90% of them are from Shenzhen! Even the big show floors are now Chinese, such as Hisense, TCL, XPeng, etc. the next big exhibitors are South Koreans which reduced to around 8% where they used to dominate to more than 50%! Even the small Chinese booth that occupies the Eureka park are now in the main halls. The whole South Hall and Venetian Exhibit are now dominated by Chinese companies! All the while American (especially the Biden Administration) has been making it difficult for Chinese to do business here, Ironic isn’t it? Thanks for your reports again and all your inputs❤
Thanks Jerry for the round up on 2024 update and the prospect of China growth for 2025. I'm glad to hear that all those dire predictions from the West were only their own projections. As it turns out, I too believe, that if China keeps reinforcing its internal consumption at the expense of exports to the West and speculative mega real estate investment, a more balance economy will emerge providing sustainability throughout future growth. That's because China long term vision is backed by a solid plan and the discipline to enact it, which the West totally lacks. It's just a matter of time before the EU market bellies up leaving a void to be filled. It happened almost always consistently with the US handling other country's trade. They can't stop thinking about ransacking them till there is nothing left to profit of, leaving chaos behind. With the US tariffs on imports, the inflation in the EU will exacerbate, with energy cost tripling and price gouging on all consumer products, I predict that the EU will close its doors slowly to the US and turn to China for salvation. However it needs to admit defeat and stop the bleeding in in Ukraine before it can reopen trades with Russia and China. There is going to be a gestation period to absorb the reshuffling of Eu leadership before it happens. Perhaps the US isolationism will benefit this re-organisation so needed. A Milei ironically stated, it needs to get worse before it gets better. China picks up the crumbs the US left and fills the voids to grow back dying economies. They make strong partners this way and the global south is tuned to its achievements. 2025 will definitely be full of surprises. Hopefully the Middle East will be able to acknowledge some peace within this time frame depending on how the US behave from now on. Let's cross our fingers!
I'm fairly confident although I'm certain there will be a stall in February for a few months, perhaps even a year or two as Trump tightens screws on the global economy - having said that, I'm certain after a year or two of lower numbers, China will be back as the Global South markets really pick up
@@jerrystakeonchina799 The biggest danger will come as "the Global Majority" begins to say "No thank you" when "Offered" trade with the US. Those threatened tariffs (Sanctions) are going to backfire as the recipients choose to deal within BRICS/ BRi
Good video. I wish you could reach the uneducated, but what could they do about anything. I have just watched PM question Time in the UK, what a shambles.
I found a Chinese version of Serpenza on TH-cam. His channel name is" China lnsider with David Zhang " he said the same thing. Same sensationalized stories and with lots of views.
I agree, I think the best is still too come but I expect a slowdown in the next two years as US markets do decline and China seeks new and more diversification - unfrotantely, one of the best things to happen to the GLobal South was the Ukraine conflict, it's caused everyone to have to seek new markets
Have you heard that US TikTok refugees are flocking to XiaoHongShu / RedNote with astonishing and to my knowledge major positive effects and would that be something you could share a take on? Or maybe online culture and the integration of the Internet into contemporary daily life in China more boradly if that is more your speed?
@@ALIEN_857 I need a bit more elaboration than that. I am aware of malthusian theory - that population growth exceeds food supply. I don't see how it is relevant.
@@nicg1331Many countries, esp the advanced economies are facing the same problem, declining birth rate and declining population. Many relies on immigration, but China relies on automation. So, let's wait and watch...
Not at all, China has always planned demographic changes there will be less young people, more older people but no worse than any other developed nation, the difference is the training for the young people as well as the introduction and use of automation, robotics and AI
@ Fair enough but robots don't buy anything - they only make things. Its hard to see where demand will come from if China is losing millions of population per year. China will have to sell its products to "global South" countries AND hope that those countries don't embrace protectionism and have the means and desire to absorb Chinese production because the shrinking, ageing population of China won't be able to. I'm surprised by your answer "not at all" to be honest. It is a staggeringly huge issue in my opinion.
Hasn’t the west predicted the „fall of Chinas economy“ for more than 4 decades now 😂? And this comes from a German guy, and I can tell you our economy really isn’t in the best state, as is the whole country and its society 😢.
Germany has now become a leftover and you will be taxed to death, told that its good for you and laws made to prevent you from saying anything about it.
Was in Guanzhou two weeks ago and can confirm that it's busy and plenty of delivery drivers, EVERYWHERE
Thanks again Jerry debunking western misinformation & disinformation propaganda against China 🇨🇳. You are a gem always voicing TRUTHS objectively from your perspective living in China.👌👍as always brilliantly articulated. 👌👍💝
1.6 billion dollars propaganda😢😢
You are better off where you are, Jerry. 👍👍👏👏👏😍😍😍😍💪💪💪💪💝💝💝💝💝💝💝💝💝
I know that Margaret
Business people in China are fast becoming prime investors in foreign countries and they are excelling in their ventures. They solve problems and redress whatever weaknesses they have including language barriers. That said, it is unlikely China's economy will collapse.
Thank you Jerry. Happy to hear my province is flourishing and you setting the record straight!
Thank you Jerry for providing facts in such an easy to understand way.
Hi Jerry, The Economist editor should sit up and listen to your economic report on China. They have been predicting a China economy collapse since 1990!
True Terry but it pleases their specific readers!
I especially like your economy related videos Jerry - keep up the good work!
Thanks for current information and status of Chinese economy and Guangdong Province’s contribution ,
Keep up the good work Jerry .
Guangdong is leading the pack, I think, based on three things - good timing, place and human resources. Nice to see you back, Jerry.
Thanks, I just took a four day break to visit Beijing with family, I hadn't expected an overnight stop in Guangzhou to be added to it, but it's nice to be back and also nice to be missed :-))
Tks for a great report which enables me to have a more balanced view of the world.
Cheers
was in GZ last month at my ancestrial town Huadu, amazed at how afordable is everthing
Huadu is probably one of the cheaper parts of Guangzhou, it's nice there too, one of my good friends lives there
Greater Bay Area is located in Guangdong.
With a $1 Trillion economy
True, but the GBA aslo includes the ecinomies of HK and Macau, this is specifically about the Mainland cities in the province of Guangdong - for obvious reasons, the economies of the SARs are kept seperate from the One country because of the two systems
Been visiting Guangzhou the last days. I really like it. We've checked out several apartments, nice and not too pricey. Coming back soon.
Sounds great! Guangzhou is the second most expensive city in the Province, Shenzhen costs more, it's a lot cheaper in some of the smaller cities though - Zhongshan is one quarter of Guangzhou's prices
Thank you Jerry, great video as always.
By the way, cool shirts today. Looking extra handsome! 😎
haha, they asked me to wear a suit - Suit, I said, will you buy me one??? Clearly, I the budget wasn't up for the expense :-))
@@jerrystakeonchina799
I would take a guess at Charles Tyrwhitt?
My choice circa 2005... (I may even have that exact shirt)
Thanks for the factual feedback. Good job
Off topic but important.
Rednote is experiencing large numbers of Americans coming in from tiktok redirecting the ban. It might not happen. China are calling then tiktok refugees and are making many very kind welcome messages. It is beautiful to see. Please do one of your videos about this. 🙏
🎉🎉 Great video, Jerry. And looking good!
While things in China improvea consistantly the things in the west declines cinsistantly - health care, jobs, infrastructure, crime rates and cost of living is even more expensive.
Growth in the west is at negative growth!!!!
Liked and shared 👍
Wearing a tie. Another stint with GDTV, or perhaps BJTV? 😃👍
Very true
In addition to what you say, Guangdong Cousin is the best of China. You are lucky and enjoy them as much as you can !!!!!
Thank you for the mention on agriculture and the consistent move towards self sufficiency. Have noted China moving away from being dependent on US and G7 for agriculture produce and working to a greater extend with other nations on this subject.
Just a thought if you could do a quick overview on this situation as to my way of thinking it is not wise to be dependant on countries that view China as some type of threat.
The western media is describing problems and economical difficulties as China but it’s really there own so their people would feel better that others are worse off than them 😂😂
BUT AT WHAT COST??? Um, Idk what about... I just like saying that! 😁Always a pleasure to get a new one from you in my feed, Jerry 👍
That costs the pride of many Westerners.
@@agussetionoasli
Pride comes before a fall
Well , if you asked Gordon Chang China's economy us going to crush in 2025 .😂
His been saying that for 20+ yrs now😅
Guangdong has always been a thriving economy due to the huge diversity of their products which are in great demand from the rest of the world n will continue to remain resilient in whatever the economic situation which may arise from the insanity n desperation of those US policy makers
Excellent commentary Jerry, China consistently never ceases to amaze. As you know, Guangdong was historically among the poorest regions in China which served to drive the Chinese diaspora to the West. It was Cantonese "coolies" who played a huge part in buidling American railroads during the industrial revolution. They settled in many "Chinatowns" many of which still remain. It is indeed gratifying that today's GD has become so prosperous and an economic growth engine driving China's ever evolving and influential presence in the world. Thanks!!!
No matter how confusing the world has become, the Chinese compass will not be influenced and deviated Jerry. The Chinese’s struggles from 1949 to 2000 solidified their resolves. They barely escaped the 100+ trillion U.S. dollars debts from the American banks post 1949 incurred by the KMT and the Qing dynasty. They saw the true extend of suffering should they drop the ball again, Jerry. What you’re witnessing in China is history. What the Chinese people could truly be, if they weren’t weak and in heavily in debt.
I agree, it goes well back before our lifetimes and even several thousand years, they have that advantage over us
The media will never ever say Shenzhen is the future tech City.
I have really good suppliers in that area. Stainless steel products from there are really good now.
Such verified economic data must be published widely in order to debunk the misinformation and false narratives of the West, while also to educate the the general public. 😊
They do publish it in China, and it's issued by the Minstry of Foreign Affairs as well as the State Council Information Office, which is my go to source, the problem is, they are both a little slow posting news, so we can usually get it from CGTN, the Global Times or China Daily's English sites before we get it formally through the government and Western media ignores completely any good news that from them
One comment, high interest rate is bad for borrowers but would encourage savings as Chinese are high savers. Americans are poor savers because for years until recently, interest rates were less than 1%. No incentive to save. 😊
It is fair to say that living in the west is prohibitively expensive. Eating out is costly both for meals and tipping. Groceries on average cost 50 dollars just for modest quantities. Housing is impossible to buy, or even rent, for that matter.
I heard today that it costs $60-100 for a haircut in New York and you have to tip too - it cost me 15 RMB for my last one! that's just over $2:00 and no tip required
I want to add some tidbits for your information, I just finished attending CES in Las Vegas, and surprised surprised, I felt 90% of the exhibitors are now Chinese, (it’s easier to converse in Putonghua than English in many instances) and 90% of them are from Shenzhen! Even the big show floors are now Chinese, such as Hisense, TCL, XPeng, etc. the next big exhibitors are South Koreans which reduced to around 8% where they used to dominate to more than 50%! Even the small Chinese booth that occupies the Eureka park are now in the main halls. The whole South Hall and Venetian Exhibit are now dominated by Chinese companies! All the while American (especially the Biden Administration) has been making it difficult for Chinese to do business here, Ironic isn’t it? Thanks for your reports again and all your inputs❤
That's all good to know and confirms the fact, China is still doing business with the USA, but I wonder how that will be after the 20th!
@ we all know Trump is a wild card, so anything could happen. Let’s just hope for the best!
@@mrtigerchan
USA really needs a Professional, Pragmatic Statesman...... No such luck.
It will be hard year for China, I do believe they can achieve their goal in 2025 🎉🎉🎉
It will be much easier for China than others
Gordon Chang the infamous China experts is still around doing his predictions again with his goal post moved.
👍👍👏👏👏😍😍😍😍💪💪💪💪💝💝💝💝💝💝💝💝💝💝
🎉🎉
👏👏👏👍👍
Thanks Jerry for the round up on 2024 update and the prospect of China growth for 2025. I'm glad to hear that all those dire predictions from the West were only their own projections. As it turns out, I too believe, that if China keeps reinforcing its internal consumption at the expense of exports to the West and speculative mega real estate investment, a more balance economy will emerge providing sustainability throughout future growth. That's because China long term vision is backed by a solid plan and the discipline to enact it, which the West totally lacks. It's just a matter of time before the EU market bellies up leaving a void to be filled. It happened almost always consistently with the US handling other country's trade. They can't stop thinking about ransacking them till there is nothing left to profit of, leaving chaos behind. With the US tariffs on imports, the inflation in the EU will exacerbate, with energy cost tripling and price gouging on all consumer products, I predict that the EU will close its doors slowly to the US and turn to China for salvation. However it needs to admit defeat and stop the bleeding in in Ukraine before it can reopen trades with Russia and China. There is going to be a gestation period to absorb the reshuffling of Eu leadership before it happens. Perhaps the US isolationism will benefit this re-organisation so needed. A Milei ironically stated, it needs to get worse before it gets better. China picks up the crumbs the US left and fills the voids to grow back dying economies. They make strong partners this way and the global south is tuned to its achievements. 2025 will definitely be full of surprises. Hopefully the Middle East will be able to acknowledge some peace within this time frame depending on how the US behave from now on. Let's cross our fingers!
I'm fairly confident although I'm certain there will be a stall in February for a few months, perhaps even a year or two as Trump tightens screws on the global economy - having said that, I'm certain after a year or two of lower numbers, China will be back as the Global South markets really pick up
@@jerrystakeonchina799
The biggest danger will come as "the Global Majority" begins to say "No thank you" when "Offered" trade with the US.
Those threatened tariffs (Sanctions) are going to backfire as the recipients choose to deal within BRICS/ BRi
🎉
For a different take look at China Update.
Good video. I wish you could reach the uneducated, but what could they do about anything. I have just watched PM question Time in the UK, what a shambles.
It may be much worse if Nigel gains a foothold.
I found a Chinese version of Serpenza on TH-cam. His channel name is" China lnsider with David Zhang " he said the same thing. Same sensationalized stories and with lots of views.
D Z should change his name to David Hanging could be friend of Gorden Chang
I know the guy
He is wanted for Child abuse in Chongshan😮
I believe that channel is a FLG channel
@@jerrystakeonchina799Yeah, many Chinese origin anti-China trolls related to FLG!! Unfortunately...
Business as usual. 😊😅
I doubt 2025 will be "Usual"
GDP has a whole new meaning now: Guang Dong Pride.
Great one Ken
Nice video Jerry. .The heck with economic fake newa about China
@3:07 graphics says 4.2% and you say 4.7%
实体产业升级蓄势待发，金融刺激条件日趋成熟。
I agree, I think the best is still too come but I expect a slowdown in the next two years as US markets do decline and China seeks new and more diversification - unfrotantely, one of the best things to happen to the GLobal South was the Ukraine conflict, it's caused everyone to have to seek new markets
@@jerrystakeonchina799 大环境短期内不会好起来的，中国目前也只能顾好国内和周边的小环境。
@@秋分-d8iChina's domestic market as well as Global South's market of more than 7 billions people are huge...
👍🏼🇨🇳❗️
Have you heard that US TikTok refugees are flocking to XiaoHongShu / RedNote with astonishing and to my knowledge major positive effects and would that be something you could share a take on? Or maybe online culture and the integration of the Internet into contemporary daily life in China more boradly if that is more your speed?
Aren't you worried about the demographic situation?
Geo101: Malthusian theory. Get educated.
@@ALIEN_857 I need a bit more elaboration than that. I am aware of malthusian theory - that population growth exceeds food supply. I don't see how it is relevant.
@@nicg1331Many countries, esp the advanced economies are facing the same problem, declining birth rate and declining population. Many relies on immigration, but China relies on automation. So, let's wait and watch...
Not at all, China has always planned demographic changes there will be less young people, more older people but no worse than any other developed nation, the difference is the training for the young people as well as the introduction and use of automation, robotics and AI
@ Fair enough but robots don't buy anything - they only make things. Its hard to see where demand will come from if China is losing millions of population per year. China will have to sell its products to "global South" countries AND hope that those countries don't embrace protectionism and have the means and desire to absorb Chinese production because the shrinking, ageing population of China won't be able to.
I'm surprised by your answer "not at all" to be honest.
It is a staggeringly huge issue in my opinion.
Who would've known? Certainly not many Western politicians or media outlets....and at what cost?🤡🤡🤡
Hasn’t the west predicted the „fall of Chinas economy“ for more than 4 decades now 😂? And this comes from a German guy, and I can tell you our economy really isn’t in the best state, as is the whole country and its society 😢.
Germany has now become a leftover and you will be taxed to death, told that its good for you and laws made to prevent you from saying anything about it.