What the World Doesn’t Understand About China’s Ambitions | Stephanomics
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- เผยแพร่เมื่อ 14 มิ.ย. 2024
- People in China are blocked from seeing much of what’s happening in the outside world. For outsiders, it can be just as difficult to see in.
This week, Stephanie interviews Keyu Jin, professor at the London School of Economics and author of The New China Playbook. Jin discusses what she considers misunderstandings of China’s ambitions and goals in the world, and the risks that come with such views.
She says that one of the biggest misconceptions is that China is trying to displace the US. What it’s really aiming for, Jin explains, is to improve living standards for its middle-income earners. She also discusses the current state of China’s economy, its relations with the US and Europe and the skills gap contributing to high youth unemployment. Within China, there’s widespread gratitude and deference toward the government, something outsiders often find surprising, Jin says. But she warns this could change if slower economic growth translates into fewer high-quality jobs.
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BEING AN 84-YEAR OLD CHINESE FILIPINO WHO WITNESSED THE EFFECT OF TENG SIAO PING'S POLICY OF OPENING THE CHINA TO THE WORLD, I AGREE WITH DR. KEYU JIN THAT THE CHINESE PEOPLE SHOULD BE GRATEFUL TO THE GREAT MAN TENG SIAO PING.
Actually it wasn't him who opened up China. That is just the myth that people believe in.
Professor Keyu Jin is one of the most balanced and well-informed people I have ever come across. Right up there with Kishore Mahbubani and Jeffrey Sachs!
A friend and I’ve just started her new book. It is such a privilege to be able to access her deep knowledge.
She is similar to those to. I went to see her at SOA recently and none of the audiance was convienced. That included all the Chinese there who were the majority. They fear where Xi is taking them
Sachs?????
I am glad that she mentioned Tibet
She has the exact rhetorics of a Chinese who only wants others to see from their points of view, as a Taiwanese, it sounds so familiar.
Exactly, she spews pure "Xi thought". She is the daughter of Jin Liqun, the president of AIIB and a big CCP party member. Any truth bombs from Jin Keyu would be devastating for her and her family.
Yep. Total talking points.
Well, if you think about it, if she doesn't who's going to point out their side to the outside world? The MSM whose news feeds go to all over the world says only one thing, China Bad. Are you gonna explain china's side for them? I don't think so, you would be one of those who'll be saying "China Bad!" and perhaps even twist facts or outright lie in going about it.
read the book then@@happyhappynuts
Wow, what a breath of fresh air this interview is! All policy makers with an interest in China should listen to this interview.
Professor Keyu Jin says Chinese are not impressed with western version of democracy. There are many versions within the west. Chinese prefere Chinese 'democracy' which is in fact autocracy. No universal sufferage in China. Well done Steph in trying to get the Professor to say something China has got wrong.
Well done for providing a balanced approach that isn't American exceptionalism
As a non-American secularist living in a country with extremely strict gun laws where most citizens have never held a gun in their hands, I will take American exceptionalism (as imperfect as it is) over the mixture of Han chauvinism and Chinese communism any day. At least with the so-called American exceptionalism, tens of millions of Americans did not die under it whereas tens of millions of Chinese died under Chinese communism. At least with American exceptionalism people can ridicule and make jokes at Donald Trump's or Joe Biden's expense in public without being arrested. But people would not dare tempt fate by doing so against Xi Jinpingpong in communist China.
By the way, if this Chinese female professor thinks communist China is not as bad as the West believes, then why did she leave communist China in the first place? Why has she not returned to live in communist China?
If exceptionalism is relative, if measured against the most nationalistic (and racist) country on Earth-China, then exceptionalism America has not.
Ms Jin always tries to subtly defend the Chinese government as her father is a high level official in China's government. I suspect the China's government hires her to do so as her excellent language ability and academic knowledge though she lives in UK.
I'm listening to the argument not the background. Think of the millions of westerners employed to defend or promote British or American interests or to negate China
That is simply not true. She is accurately reporting on China’s incredible success story. The West should study what China has done, rather than just bitterly looking at it through a Western lens.
We need to become Chinese experts and learn from them rather than just flippantly making rash judgements.
Refreshing & Well Balanced insights :)
Professor keyu is focusing on the good side of economic policies in china. Most of western policy analyst focus on the short falls of the political and socioeconomic policies. China story is very interesting but not isolated in the asian region . However, it is the first fast growing economy with socialist and a political system that is contrary to the liberal western beliefs. So naturally , people can not help themselves but to be critical of alot of things , including stability of its economic future. We might be wrong, but there has never been a similar case to learn from.
May I also add China would admit she does not have all the answers. China has tried the Soviet system and realised it was not the answer nor certainly the Western free democratic system (which intimately only works for the privileged).
China is on an exploratory path to build the society its government aims for her population. No doubt there will be plenty more mistakes but the government can change policy direction very quickly. That's what "Socialism with Chinese characteristics" means.
Keyu Jin's father is a former Vice Minister of Finance for China, meaning he is a member of the CCCP. Keyu seemed clearly reticent to mention that fact and the interviewer should have highlighted it. Not saying we should dismiss her insights, because they seem valuable. But context does matter. She is a a member of the Chinese political elite.
Amazing.
Keyu Jin brings some much needed balanced and factual view on the discourse about China. She is extremely well positioned to bring a credible perspective on China that has been sorely lacking in the western media.
Keyu Jin has limited credibility. Her father is president of AIIB and deeply imbedded in the CCP and indebted to the CCP. So all you are going to get from Keyu Jin are Xi thought narratives.
The CCP wants what every criminal organization wants - to take over the world.
There are plenty of views on China in the western media, pro and con. You need to broaden your perspective. Also, this podcast is western media.
@@gstlb What does it even mean ' This podcast is western media ? ' Are u concerned about the nature of the messenger , is it white, chinese , russian or indian or Western or do you even care about the substance of the message assuming you can dissect the message and digest it properly of course ...
TO CALL TRADE BETWEEN NATIONS AS DEPENDENCE SHOWS THE LEVEL OF ECONOMIC STUPIDITY AND THE LACK OF EDUCATION IN THE WEST. I AM A BUSINESS MAN. I NEED MY COSTOMERS AND MY COUSTOMERS NEED MY PRODUCTS. IT IS FAIR EXCHANGE OF GOODS AND SERVICES. HUMANS HAVE BEEN TRADING SINCE BIBLICAL TIMES. THE OBSESSION WITH THE COLLAPSE OF CHINESE ECONOMY HAS BEEN GOING ON FOR 40 YEARS. NO ECONOMY CAN GROW AT DOUBLE FOREVER.
The Chinese economy will collapse because other countries do not want to fund a military that will be used against them.
I particularly like well- coordinated narrative in the bot comments that follow every and each of such videos
It was the great Premier, Zhou En Lai, Deng Xiao Ping's mentor, whom first proposed in 1963 the "4 Modernizations" in agriculture,
industry, defense + science/technology. Zhou was stymied by Mao + his poorly planned/organized Great Leap Backward + his
Cultural Annihilation. Zhou again brought up the Modernizations, shortly before his death. It was only after Mao was finally gone,
and after defeating the Gang of 4, that Deng was able to start reforms + the modernization of China.
This was recommended right after I watched The Kardashians.
Man that interviewer was not gonna rest until she said something good about the US...
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank
Just curious..... How are the Tibetans, Uyghurs and Hong Kongers are doing?
Go and see for yourself. It may change your view . How can all the warning system failed during Maui fire ? Nothing to see ?
They are doing very well. Thanks for asking.
They are doing fina and a lot better than you.
the Uyghurs are struggling a little bit because many people in the west think that stopping the main industries in the country is somehow going to benefit the indigenous population. Strange logic. But the central government will still continue to pour investment money into the province to help them.
@@chrisowen8807 It is not strange at all. Western sanctions are designed to punish the indigenous population. The Uyghurs must be punished for not rising up against the communist. This is how sanctions work. Look at Cuba, Venezuela, Iraq, etc.
The example of the 4 million charging stations proves that both the interviewed and the interviewer have no idea about economy. It is unfortunate to have such views in Bloomberg.
A really fresh view would have been that Chine should unite under the leadership of Taiwan since the regime has proved that it can never reach the levels of freedom and well governance of Taipei.
What are you talking about? Taiwan is a part of China, despite the US’s enormous efforts to try make it otherwise.
America can’t bear the thought of not controlling the South China Sea and “containing” China to maintain its own hegemony.
Professor Keyu Jin is someone whom EVERYBODY should listen to in order to understand her perspective on the world.
By the way, in PPP, China’s economy already is 1/3rd larger than the US’s economy. In 5 or so years, it will be double the US. Incidentally, Russia’s economy in PPP is now large than Germany’s. The IMF and he World Bank us PPP, not GDP, to compare the size economies.
Do they have NSA that record every telephone conversation.
Lack of unemployment means lack of no labour as an asset!
When power is over centralized , When things go wrong they can go very very wrong. Like all the rotten buildings in the ponzi real estate casino. How many apartement blocks will have to be demolished in the end ? The mind boggles at the number.
centralized governments can mobilize to address problems much quicker than the U.S. though
They will be used once the mass migration of the west's white people decide to abandon the migrant invested countries of their origins that have been turned into stinking third world slums ....by our governments .... deliberately.
@@catsNcode
I don't know where or what kind of government you live in, but here in America, we would rather give up a bit of speed to address problems than to lose our liberty and freedom.
@@ExtraordinaryLiving I live in America lol. It took my city 10 years to build 5 miles of rail because of the bureaucracy. China built multiple high speed rails during this same period and thousands of miles of it.
Great. 1.4billion country isn't fit for West Liberalism how many timed they said "stay off from out internal affair (because the Americans won't get Politburo system")".
The word "world" is misused in title.
Let me say. Great China must continue to be humble and keep low profile. Keep. Save money for raining day's. Also save for Maybe next lockdown 3 years. Shock the world. Okay
The lock down might be to avert a TOTAL wipe out of Chinese. Covid was tailored make for Chinese DNA .😮😮 China had to silently cop it . There is a new wave coming . 😮😮
Unemployment numbers is key to economics hopes?! 🤔
So what happened ? why go backwards ?
I can't believe what I have heard from this woman. Where has she been all this time, Mars ?
She is spewing pure propaganda. Chinese academic circles are laughing at the rest of the world, like Jin Cangrong
She saw a niche, just like Anyone else. 21st-century is everyone doing their own market research then tailoring an approach to those who will play for distorted material. then the next book will be focusinng on all the points that she got right, through sheer chance. increassed sales… Rinse and repeat
what?@@Rowlph8888
5 cents person typical reply !
the question is someone has too much up its plate and cant manage it all let the rest of the people take initiative for their own destiny and in turn they will look after themselves and lessen your burden the cost of this action would be loss of influence but i dont know who asked the people that they wanted this influence is it worth it for them if it is then bring up a single convincing reason to both convince your internal population and then convince rest of the world of it on either case the world. wont sit by and listen to your lectures arc of history is long and we cant judge the french reveloution yet good luck
I can recognize the voice and tone of JIN Keyu, a highly intelligent person with shockingly low moral standards. She calmly say many things that are important but she herself knows UNTRUE. // Daughter of the retired vice minister of Finance of the PRC central government, thus lady works VERY HARD to spread misinformation (read: brainwash) that the PRC/CCP (Chinese Communist Party) is happy to see spreading.
Too true
sigh...some people just don't understand the world, do they?
Another veiled attitude by the interviewer that China must adopt Western style governance before she can be legitimate.
You adopt everything else very quickly, we notice.😂
Including some western stuff just openly stolen! If you're so great, why are people running away, why are there limits on funds to be removed from China? Surely you can ATTRACT private citizens money and immigrants like America does? I haven't seen it. 😂😂
The world is full of dictatorships for life, they rarely impress.
Not Everyone can be fate and Time crafter , nor everybody can be Policy makers and Political Architecture . China is Mission and Visions Seekers Architecture in timely Orderly accordingly .
I like this auto- translate from Chinese party propaganda manual
@@concretejungle9608* : Get your mind Crafted in Chinese lab in China .
For all the talk abt filîal piety , the new generation of mothers in their fifties seem very willing to support the adult sons to keep on studying 📚 even if he isnt that brilliant … instead of making him earn his keeps . and be free fr mum’s apron strings
❤❤❤
27:42
This women speaks for the CCP, not for her people.
the CCP 'IS' the people of China
the leader of the people of china is CCP.
Interviewer bent on pushing western superior view.
"$23,000 per capita income by 2035."
Remember she said this.
Both feet in the West and also in the East, wow, wish it to all towards glo bel peace?🤣
I appreciate hearing Keyu Jin sharing her perspective. When it was said she is in China, I immediately wondered how she could speak freely. Then when I heard her responses I understood China wants more like her speaking up. But I would have asked her if there is anything she feels she cannot say while in China, or fearing she could not return to China later, or fearing to return to China, or fearing for her stil-in-China relatives? I would ask if she has a "relationship" with China? Do they give her funding for her research that potentially biases her words?
Does she believe we are endowed by our creator with inalienable rights? My guess is no. She talks about Chinese expectations of government... yes, molded by millenia of empirical dynasties that only ended 120 years ago, capped by Communist (also dictatorships) for the past 70 years. And the part that I found most difficult to bear was her glowing report of Deng XiaoPing. What he did was remove bamboo shoots from under 5 of the 10 collective fingernails of the Chinese people; and still murdered many thousands on 1989/06/04; and we think he's the good guy? My heart aches for my Chinese brothers and sisters. She fails to acknowledge, or does not see, that the Chinese people do not need the CCP/Deng XiaoPing to raise their standard of living, their life style, and their measure of happiness. They instead need to have freedom, because the rest they can do theirselves. The CCP should get zero credit for raising Chinese standard of living. The Chinese people get ALL the credit; as the CCP has loosened its grip on the "Peoples" economy. Communist regimes really think we believe they are the "Peoples" anything? (Same old, tiring, easy-to-see-through Communist story with their Potempkin villages.)
She praises local governments (high and thoroughly corrupt) for being lenient. Better said, their control and corruption can only continue as far as they can keep the people in check. There is very little altruism; just the same old repressive truth that the powerful want to keep power, so they are engaging in pragmatism for their selfish "needs". God praise George Washington who perhaps more than any man in the history of the world could have easily claimed Kingship but refused power. We must rightly observe that without a country like the U.S. and the West in general, China would have had no stepping stone to raise their standard of living. We are all, worldwide (those who embrace it or borrow from it), blessed by American freedom. The most recent being China.
India had freedom & democracy and started out even richer than China. Now you've seen the difference in trajectory over the past few decades between these 2 nations and while India can still catch up, it has a long way to go. Just look at the toilet situation in India vs China and you understand what I mean. (Do a youtube search) So for the sake of your Chinese brothers and sisters, stop spewing nonsense. Chinese are much smarter than that unless they've been brainwashed by western slogans !!!
Gosh! It looked like someone had replied...? But I can't read it?
WHAT A HYPOCRITICAL POSTSAS IF YOU REALLLY KNOW THE PSYCHE OF THE CHINESE PEOPLE. SOUNDS LIKE YOU ARE A WHITE CONSERVATIVE RIGHT WING SUPPORTER. GOD PRAISE GEORGE WASHINGTON? WHICH PART OF THE BIBLE OR WHCH MORMON SCRIPTURES HAVE CONCLUDED THAT GOD PRAISED GEORGE WASHINGTON. lol THE AMERICAN COMPANIES DIDN'T GO TO CHNA TO HELP THE CHINESE PER SE. T HEY WENT TO EXPLOIT THE CHEAP LABOUR AND GET HUGE PROFITS FROM THEIR PRODUCTS.
@@icet6665true. They needed not only cheap labor but a 1.4 billion consumer.
@@elizabethwinsor5140
IKR!?! I wonder why YT "visibility filtered" those replies. What was so offensive that we can't see them. 🤔
👍👍👍🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳👏👏👏
👍👍👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👏👏👏
Her family speaks often at dinner about their gratitude to the country? Is this because it relaxed the conditions of economic slavery from the time of Mao? The slaughter of "the landlords" eased? Because they were not required to build kilns and die of starvation in the tens of millions as their government required in the time of the Great Leap Forward? Or is it instead because "the nation" is listening even now to everything they say at the dinner table?
It's true that money can sometimes divert people from memory of the horror of their past governments, as well as the suffocating conformity of their current government.
Harping on the dead past still, are we, while turning a blind eye to all of the good things China has done in the last half century for its people and the world?
Chinese conformity moreover relates largely to obeying laws that are healthy and protective of the country that many in the West would like to infiltrate and destroy and is not as you imply all encompassing.
Today’s Chinese are living far superior lives on every front to their hapless Western counterparts. Give me China any day over any of the utterly fallen countries of the West….
Well, the number of Americans desperately seeking to emigrate to China are proof of your point.
How about them native American reservations eh......
Funny how everything she says about the Chinese and their Economy is falling apart so rapidly. Every aspect of the Chinese economy is failing currently The Real Estate Sector (which makes up 30% go GDP) is collapsing. The Banking Sector can't generate any money because they can't make any new loans and most of the loans they currently have are going into default. The Trust Sector is going into default. All the International Business Investment is drying up or pulling out. Factories, both Large and Small are closing, shrinking or not expanding. Factory Gate Prices are shrinking, meaning businesses are earning less for the goods they sell. Both Imports and Exports are shrinking, meaning China is selling less to the World and buying fewer raw materials to manufacture new goods to sell to the World. The Unemployment rate is not 5% overall and 21% for Youth but an Estimated 50% for both the General Population and the Youth. The Disasters have affected a Large proportion of the Population. This has created Billions of Dollars worth of damage to the Population and Industry in the affected areas. But more importantly, the Food Crops this year affected by first the Drought (Soy Beans), then the Rain (Wheat) and lastly the Flooding (Rice, Soy Beans, & Corn) added to the unavailability of these crops on the international market will lead to massive shortages for the population. The lack of corn for the pork industry will mean no pork for the people of China either. With all of these things going bad for the Chinese people do you really think the Nation and the CCP can really hold things together without declaring War on Taiwan to take the people's minds off their woes like Mao did 1962 with the Sino-Indian War. That War was successful in diverting the people's minds away from rebellion after the Great Leap Forward was a failure. War seems about the only option left to Xi Jinping.
lol sure buddy, you need to try and stay off the anti China propaganda channels for a while, too much "business basics" and serpentza mixed with US garbage press for you it seems. Your head is cooked.
old strategy by capitalist who shout "short China" and then start buying (long China) themselves.
[The lack of corn for the pork industry will mean no pork for the people of China either.] --- what I heard is that China cancelled orders for millions of millions tons of corn from the US, and buy corn from Bazile instead. So there is no lack of corn. Also, Russia offers land for the Chines farmer to grow soy beans...etc...., but I don't think many Chinese farmer ( if any) want to go for... since you still can get soy beans from around the world.
@@hanfucolorful9656 Sorry but Brazil is facing a problem producing much Corn. You see Brazil needs lot of fertilizers to produce Corn and they simply don't have any because of worldwide shortages. Also Russia is having a real problem exporting any agricultural products because of the sanctions imposed upon them because of the War with Ukraine. China isn't getting Wheat, Soy Beans, or anything other than Oil from Russia right now. As for the rest of the World well China has to compete with all the other countries that are going to be suffering from food shortages also.
Oh my god this is so embarrassing for you guys. Might as well just have a CCP official on.
nice propaganda piece
nice troll
China is playing the hard game of geopolitics at the expense of its subjects' well-being. The people receive 50% of Chinese national income, but 70% of American national income. Where does the extra money go in China? It goes to stealing industries from other nations in order to strengthen China's geopolitical position. You could even classify that money (around $3.7 trillion/year) as defense spending, which would give China the largest defense budget in the world by far.
For the record, if I were Xi Jinping, I would probably follow a similar strategy. If China wants to escape the fate of the rest of the world, who are puppets of America, it has little choice but to be highly strategic.
lol, this is not the 90s, China can now stand on her own when it comes to technology. They are now the leading edge of new technolgy such as AI, 5G/6G, EV, photovoltaics, quantum computing, etc. China did not steal anything from you, you gave it willingly in exchange for the cheap products and more than a billion market for those products too. Use your brain and, where does the money go in China? Look at all th infrastrcutures that make yours look like something from the third world. Do you know that they used more concrete in 3 years (2011-2013) than the US used in the whole 20th century (1901-2000)? They lifted 800 million from abject poverty making 95% of the chinese to approve approve of their government. Trump and Biden would be so lucky to get tp 40%. The chinese government is really someone that works for the people. You don't have any idea of all these because all you read from your media are anti propaganda, twisted facts or outright lies. try to read some alternative/independent media or other neutral media.
lol! The US have the largest defense budget, even larger than the next 10 largest defense budgets in the world (including CHina). China doesn't spend its money stealing industries, it spends it investing and trading with the world. I bet you don't know that China is where africa, SE Asia, latin america and most of the global south run to to get loans. As I said, you are made ignorant or grossly misinformed by your media. It keeps lying to you and you still believe them?
I found it astonishing thar the West expect China to follow its privacy law as if that's applicable and therefore enforceable. The point is they whine and play politic game when they cannot get the data that they want for the shareholders. Now the cash fund rate has reached the average margin rate.
There comes a time where foreign countries needs to stop accusing China of stealing when they’ve clearly surpassed them
the extra go to the so called “making loss” infrastructures 😅
China lifted 800 million of its citizens from abject poverty. A whole generation of chinese who still remember dirt floors, no appliances, no tv, no refrigerators, wood fired stoves, walking and biking as means of transportation now lives in high rises complete with all the comforts of modern living, now rides in HSR, electric busses, etc. Their government made their country from being one of the poorest in the world to the 2nd leading economy, the biggest since 2015 in terms of PPP GDP. Go do some reading and this time read the more neutral sources and not the MSM, that is if you're really into finding the truth and not for the purpose of looking for something to bash China with.
“…apart from a few taboos” Give me a break! So what happened in Hong Kong was just a taboo? What is happening to the Uyghurs is just a taboo? The saber rattling over Taiwan is just a Taboo? Your credibility is zilch!
you know nothing about china at all!
@@vincentlin9350 How do you know? You don’t even know me. You’re just a CCP troll
@@cetilly Like you said: "You’re just a CCP troll" already shows what kind of personality you are ha ha!
@@vincentlin9350 You know nothing about Jin Keyu and her family
@@theloniousm4337 fine! ha ha!
This is CCP propaganda at it's best, the way she parrots CCP talking points about free will of people, downplaying China's human rights violations, etc reminds of pre wolf warrior tactics of biding your time.
Yet if I ask you what human rights violations you are talking about you will have nothing but nonsense claims and propaganda from mainstream media with no sources or evidence for me. Wake up you clown.
Precisely
I'm surprised Stephanie is pushing CCP narative
@@GordonJones-hm3krBut Stephanie nailed her in the last quarter and the very smart lady fumbled again and again answering a question she wished she were asked, media training 101. But Step stuck to it, elicited the entrepreneur and Elon response, but it was a rather lame response, and cleverly couched in the positive. I've seen her interviewed in other venues and it's very much the same. She's good. But Stephanie was better.
@@dylanthomas12321 stephanie is trying to trap Jin but she doesnt buy it and instead circumvent with valid points.
HER FATHER IS A HIGH CHINESE OFFICIAL... HER VIEW IS BIASED!!!
Maybe you should go to China - see how it is first before you run your mouth?