China Has Nothing to Hang On To: Lee
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- เผยแพร่เมื่อ 14 ส.ค. 2022
- Bill Lee, Chief Economist at the Milken Institute discusses the latest economic data out of China and the slow down the country is facing.
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This guy William Lee is Gordon Changs brother 😆 🤣
Or a blind disciple of G C.
A silly statement that doesn't say anything.
@@Wbliss A silly thing to say that means nothing.
one universe
Only intellectually (in opinion and analysis).
Lee has been wrong again and again and again in his predictions. And yet he is still a favorite guest for the mainstream media. I guess it's because he says what they want to hear.
What are your thoughts on the emerging crisis in China (mortgage payment strikes and systemic risk from fractional-reserve banking) and it's likely impact on emerging markets?
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It can be helped by the US printing more dollars ,backed up by more paper dollars
Lee, what do you meant that China has nothing to hang on to? Does trillions of US bonds ring any bells or the dollars doesn't mean shit??? He he he!
@@akeshshi9137 thats the point. China has liquid assets. The fact its not even spending them means things really aren't really that bad. In 2015, china spent 1 trillion dollars worth of its reserves and bailed itself out of a recession. Today it doesn't even need to do that because there is no political need for it as everyone in the world is going through a recession.
Chasing growth just to stay afloat is so irrational, and unsustainable. Solve for financial stability, and well-being without growth, and you would become the richest person on earth measured in gratitude.
Just look at Bhutan
Why 2% is worse than negative growth?
when you and your friends are in an echo chamber, you do whatever to keep yourself happy or intoxicated.
Research on what a Ponzi scheme is, that’s the Chinese economy. It needs growth to sustain the extremely high leveraged debt.
@@zepho100 Research on what a Ponzi scheme is, that’s the American economy. It needs growth to sustain the extremely high leveraged debt.
@@johnweber8077 right, because the Chinese economy can't be afflicted by the same greed? clown.
@@zepho100 right, because the American economy can't be afflicted by the same greed? clown.
This comes right after months of interviews on Bloomberg TV with talking heads telling us what a great investment opportunity China is right now. That it’s a rare buying opportunity. Let’s bring them back on and hear what they have to say now.
what? no way… the trump admin gave China 2 years to get their auditing in order or be delisted and I knew it was a matter of time. We are seeing the first 5 big Chinese stock leaving the index and 300 more to go.
"talking heads telling us what a great investment opportunity China is right now. That it’s a rare buying opportunity. " -- Obviously these talking heads want to trick people into becoming bagholders. How else are they going to unload their losing bets?
They can't be held accountable for being completely wrong. How dare you! 👧
@@nightmark2120 China is in many ways more capitalist than the US.
@@johnmcgill3603 How do you know this guy is right?
How to get data on the state of the chinese economy? Maybe packages being sent via logistics companies like DHL combined with the "german tank problem"?
Wow! Global economies are so interlinked. It’s astonishing!
"They can't publish it because they would be banned from China". Enough said about China.
the usa publish but its all lies what they publish, i dont know whats worse
And I guess you cannot provide evidence for this because it would be banned on YT?
Do you know what apriory circular logic is?
@@alanclw6024 Yes there is plenty of evidence. Just ask any journalist in Hong Kong who lived through the "One China Two Systems" disaster.
@@Yaxpacpa Ah.. The "google it" troll that doesn't understand what evidence mean.
Enough said about the people who are supposed to give us news
WOW, this William Lee is soooooo off the mark we might as well call him the Gordan Chang Mini.
I just got back from Zhejiang, and Mr. Lee is spot on the money. China's toast, whether you Wumao Clowns care to agree or not. Have fun on the way down...you been there before, haven't you? lol Less than a century after China "stood up", and we get to see her fall flat on her face again. In. Slow. Motion.
Bill Lee sounds like a politician commentator than an economist.
Heres your half buck.
That is his way to survive in America and be paid for his so called analyst opinions.
So the conclusion is that China will cook the books. Its been doing that for years but running low on ingredients now
you will be disappointed again just like gordon chang. Chinese are the most pragmatic people, they would rather cook the food than the book
China is not he one who printed 80% of the total existing dollars in the last 22 months. All this inflation the world is experiencing now is caused by the US.
Does Bill Lee have a vblog? I'd really like to hear more about what he has to say.
Really? Funny.. you must like listening to the same crap over and over again. This guy have been saying the same "China is collapsing" for 30 years... Chicken little and the sky is falling must be your favorite bedtime story.
He seems to really like the phrase "no where to be found"
It sounds exactly like you're describing the US economy.
As a matter of fact it sounds like you're describing the US Europe and many other economies.
Perhaps we're looking at an international economic slowdown and China is suffering like everyone else?
NO made-in-china
China will suffer catastrophically, others only marginally. Big difference.
@@Alarix246 perhaps. Perhaps they're creating ties which will enable them to succeed.
@@Alarix246 lol. China has trillions of stored up capital and is a major net exporter, this is why it has low inflation and has room to do rate cuts while europe and the US are force to jack rates up in the middle of a recession and energy crisis. You are already suffering catastrophically.
ACCORDING THE THE WEST CHINA HAS BEEN COLLAPSING 30 YEARS AGO.
actually more than a 100 times, those delusional believers really got super long breath to hold XD
Its as simple as a children's book...any society that uses lies and doesn't care about truth collapses.
So when does the shit US gov collapse? Can’t wait.
Which one 🤔
@@icemike1 Pick either large, threatening nation, run by one man's will, or North Korea if you need a third.
@@ddoppster 🤣large threatening nation
Do they do their research before pushing their opinion?
Evergrande was forced by the govt, which related a new law, to have billions of cash in hand to prevent another 2008 Lehman's.
This prevented Evergrande from being able to pay their debt. Other real estate companies also were forced to have cash on hand. With out it they defaulted on their debt when they were unable to get enough loans to meet this new legal requirement.
Wrong. The three red lines got put in place as the real estate bubble was blowing into the stratosphere. It was unrealistic and the debt level they required made the CCP nervous.
Though I didn't bother with details, I believe what you say, because I lived in the socialist country and know what the communist bosses are capable of. Great notion, giving me perhaps more insight than the clip itsef!
Wow unbelievable comment from this guy Lee!
Dude, if you want to laugh at others you have to be winning and better. You can’t laugh at other guy has toilet paper stuck on his shoes while you are pooping your pants.
Exactly
very very true
good interview.
Great tips. Generally, diversification is a key factor. Pragmatic... I have been into all of these for some time and though I won't say I have lost a fortune, I have squandered quite a lot... Do you mind recommending a specialist whose platform has diverse investing choices? I anticipate your response.
what?? no bots touting some crypto bro??
chinese people are not bad off
More like this please.
who cares what happens to the chinese economy. let's focus on and fix our own economic problems.
say that again.....americans being distracted from their issues by getting people to focus on china..smh
amen to that; however isn't this is what all democracies do, finger pointing and grandstanding?
China is the source of many of the West's consumer goods, so China's economy does affect our own economies.
Yes, jon weber, dictators are so much better, right, comrade?? lol. Nothing like a little idiocy like the Great Leap to keep you proles on your toes! lol. You Wumao clowns are more predictable than the Crypto Creeps on TH-cam. lol. Muh "China Dream" is looking more and more like the nightmare it truly is...and the air quality sucks, to boot!
I love China!
Why do I think Beijing will be around longer than Mr. Lee?
The city? Of course. The CCP regime? Not necessarily.
Not Xi, I hope
Dream on, China & the CCP will be around for a much longer time than any of u could.! or grandpa Joe for that matter.
@@Wbliss That was my point.
Two problems in China that I watched about that are hard to solve: reliance on real estate as store of wealth, when real estate bought are unfinished, unliveable buildings in ghost cities, and the “lie flat” phenomenon, where young people give up on achieving anything, because everything is so expensive and unachievable. The first problem is akin to building an economy on quicksand. Don’t know how they will solve that.
It's a perfect storm - Backwards CRP thinking, the old one child rule leading to massive gender in-balance, extremely poor workmanship 'Tofu Dreg', fakery, autocracy and rampant capitalism in parallel, mass corruption, rise in wealth and a generation of spoiled children - 'lie down' ... People fear a conflict with China over Taiwan, I don't, they're incapable in the same way Russia is, but more so. Apple is now speaking with Vietnam to produce all of their products, more of that sort of thing. But, I worry for the future, the perfect storm is on the horizon for China, but I see massive social upheaval on the way, China has influence across Africa, in Canada and Australia, how will they play out? A shrinking of the Empire in Asia, Inner Mongolia and Tibet becoming free perhaps? and some global collateral damage, but it'll not simply be a WWIII, it'll be different.
The advantage china has over others, is it can alter course instantly. The rapid rise of china is no fluke. They'll figure it out.
The problem is even bigger. They don't trust their food supply. The government thought that taking out major figures like Jack ma will make the economy better since he disrespected him. Being rich in America and China are very different and the only real way they can develop is to let go of these top down restriction and make the people who are rich not want to flee once they got their bag
BS
@@alextjflorida ok comrade
Big economic growth and recession are cyclical in nature, and it alternates in every economy. In fact, recession helps to weed out inefficient companies and it also reduces the number of assets with inflated price. Both are good for long term if government handles it properly but still painful on the short term. It all depends on how Chinese government handles it, they might screw it up or come out stronger. Time will tell.
It's an island about to tip over. IDK
US & EU more likely screwed their economy by getting rid of buying cheap gas from Russia, compare to China.
China will do well and have very deep pockets.
Housing, stock market, consumer confidence...it's like that in every country...
But there are some big differences such as the truthfulness of govt and statistics, and fundamental strengths and weaknesses of the economy. I think China has many more minuses then are spoken of, some unseen and not acknowledged, and is worse off than most western economies. And much worse than the Chinese or any pundit is admitting. May you live in interesting times.
The figures are also same in every chess game and yet someone wins and others lose.
@@graemesydney38 yes and I hope that every mad dictator makes a mistake, sooner or later.
China's housing market was ran and still is ran like a Ponzi scheme. Once the economy slows everything but manufacturing and mining crash. China will never be as strong as it was 5 years ago.
@@HH-le1vi I agree that the housing market is a Ponzi scheme but I think it has other faults such as being based on 70 year leases. And then there is build quality and regs. And the lack of consumer protection. I'm sure this will all backfire on the CPP AND the economy sooner or later. There seems to be an adjustment at the moment this might be successful or it could lead to some fundamental political and economic changes. Either way I think the CCP is going to be more than a little distracted in the immediate future. That may or may not keep Taiwan safe. There is a chance that to have a distraction from the woes at home Xi might instigate a conflict. It will be a military blockade, not an over the beaches invasion. May you live in interesting times.
WELL THIS AGED WELL
Very, very large numbers of Chinese people are NOT doing the 'lying flat' thing.
Why would any investment manager forgo transparency in China. Has this blind faith been applied of managers purchasing their own home.
Evergrand reflects the state of the Chinese 🇨🇳 economy: broke.
Naw. China's deal with airbus (not Boeing) to purchase 292 A320 passenger jets is a reflection of its economy. Are you sure you aren't the last Dong?
@@fluffysun9464 Other than Evergrande, youth unemployment is also a reflection of China's economy. Don't kid yourself.
@@fluffysun9464 If you look at China's local government debt combined with national government debt, they owe over 30 trillion USD...that's a bigger debt than the US national debt.
@@SelfProclaimedEmperor Are you kidding me? The US federal debt as of July 2022 is over 30 trillion, not to mention the local government debt on top of that. No wonder why it is such a mess in US, cuz people can’t count.
@@SelfProclaimedEmperor Funny you should mention the national debt of the U.S. which actually topped 30 trillion in 2022 as reported by the New York Times. Not to mention you don't reveal your source, it's highly doubtful China will share such data with a nobody like you. According to your faulty logic, I guess the U.S. should have already collapsed.
Thank You so much, Comrade Lee.
Please continue doing what you are doing.
好家伙
🤣🤣🤣 what an ass kisser
Strategic Foyo Agency 😄
没错
Oh leading u people by the nose ? , it sure makes u dumber than dumb.!
Music to my ears
outstanding discussion
Uneducated people usually find this kind of slapsticks "outstanding"
This guy is more than a politician than an economist
huh?
He said anything else he wouldn’t be paid!
Bingo
CNN is more a propaganda tool then journalists.
Listen to China economists. Sorry no such thing. There are all in prisons.
Truth to power.
So many Chinese experts.
Even Fox has hired Gordan chang as their side kick expert.
Finally an honest broker, where can I find more of this magnificent Bill Lee?
And by the way, notice how they never brought up the Taiwan discussion again. Bloomberg, we see you...
They never bring Israel either.. their clients are multiple.
Yeah China will collapse soon. 😴
Hu Jintao you a 🤡
You think he is honest because you want to believe he is right that China will fail. Have you looked at your own economy lately? Sorry to disappoint you but people like Lee have been predicting Chinas demise for decades, but it is still here. China has initiated the building of an economic Union called RCEP like the European Union but much bigger. It will become the largest trading block in the world. America in contrast is a very sick society where when you send your children to school you don’t know if they will be shot by some drug addled weirdo and their are thousands of them. It is the US that is in decline.
@Hu: Lee is the lead economist at the Millikan Institute, an independent think tank founded by junk bond guru Michael Miliken. Some of Lee’s writings are published on MI website.
This guy need to not look so happy at other people ( China"s) demise
He's happy because it also means ccp's collapse and we all want to see ccp's collapse.
@Texx Mexx be quiet 🤡
@Texx Mexx if China economy so good why CCP high rank officials families members are here also Xi Jinping daughter currently live in Cambridge Massachusetts
@@godblessamerica6391 There's a "Going Out" policy since Jiang Zhemin era (1990s) where he encourages Chinese to go abroad and contribute back to China from those countries. It's not wrong for them to be in other countries.
@@leezhieng going out 😆 why y’all Wumao so dam Nincompoop, going out policy mean escape with laundering money 🤡, their kids doesn’t want to come back, you a real 🤡💩
Did you even know China has Trillions in Savings. LOLLLLLLLLLLLLLLLLLLLLLLLLLLL
Never mind the situation at home, who cares...let's put our nose miles away ...in China.🤣
Who cares? An engine the size of China effects the entire globe. Even you.
How can these fools put any value in the Chinese figures. If they say its not good, it is really absolutely devastating. The business community has relied on these liars for way to long, to the point that they look like children or fools.
A.S. .................and those fools want every last stinking cent they can get !!!!!!!!.........then we'll bail them out ???
Why do you hate China so much? That's a question you need to answer
@@blokin5039 This is not about hate, but facts.
@@blokin5039 This is a typical weak response from someone who knows they cannot defend their actions. Everyone knows it is true. It is all built on sand and one day it will collapse.
@@anthonysmith2195 just like America
Excellent interview.....thank you, Bill!
He can only fool those who never spent significant time in China
@@zhinan888 No, China is screwed.
@@jerryrichardson2799 Possibly. But you can say that about any government 🤔 , almost.
I think Bill is ill informed. China's export grew in the last quarter, think about it if inflation is high that means demand for products made in China will increase.
love how the picture behind him impinges on his head.
I remember as a kid in the early 1980s hearing that Japan was right on our (US) heals and was going to overtake the US economy in a decade. Everything was "made in Japan" and we couldn't stop it. Of course that never happened but was very similar to what I again heard in 2010s about China. Now I don't hear that as much as I used to, seems many see China is starting to slowly fall away like Japan did of course. I have seen 2 companies bring their entire manufacturing company back from China to my small town in the past year. Crazy I know. American's like to have a rising competitor or at least the appearance of one. They really enjoy the threat and competition I think.
The difference is that we actually still had tremendous manufacturing capabilities back in the 70's and 80's. These days, we've outsource nearly all of it to China. Listening to the globalists, and allowing our ability to produce things to be outsourced to a communist regime, was a colossally stupid idea.
According to the US government ( i.e. CIA Factbook) China’s economy in Real GDP term is already bigger than ours. In fact, Chinese industrial output is 2.5x of ours in Real GDP.
One or two companies moved back to US doesn't tell what is truly happening. Do you know how many foreign companies flocked into China? Do you know what is the number of China trade surplus this year till July? Do you know what the the GDP percentage of the world that China accounted for? Do you know which country is the largest trade partner of most countries in this world? US know only how to gang up with other puppet countries to harass China but it won't succeed. Trump trade war against China is totally failed.
You are an idiot, don’t confuse China with Japan. Japan was blocked by US, Japan
@@crtteng China has 4X the people of the US so their GDP should be MUCH bigger than the US. But of course they have a totalitarian government that's acting crazy under Xi, plus 50 years of the one-child-policy has made China the fastest aging country in human history. The CCPs own 2020 census shows the population dropping to 650 million by 2060. It's hard to imagin China can continue to grow GDP. China likely peaked in 2019 never to recover. Japan hasn't grown it's GDP for 30 years....and China is now aging at a faster rate than Japan.
And yet here we are still waiting...
China's exports grew by 17.9% yoy to USD 331.3 billion in June of 2022, beating market forecasts of 12% and accelerating from a 16.9% rise a month earlier. It was the biggest rise in shipments since January, as logistic issues eased following a relaxation of COVID-19 control measures in Shanghai and Beijing.
Why did you speak the facts? There's already received a troll attack and can expect more.
While you are correct in that July saw year to date 18% increase in export growth, its still well bellow the CCP guidance for expected growth. And when you need constant growth to survive it doesn't look promising.
Ok, now can you tell us when exports fell? Because I never hear the ccp report recessions or bad economic news of any sort...even during covid. It seems like the prc economy is at least 20 to 40 percent smaller than reported. Nobody with common sense should believe that the prc could sustain economic growth when the rest of the world went into lockdown thanks to the wuhan virus. That and officials never reporting recessions to avoid demotion is an issue i hear. Also those exports is the increase due to price inflation which i hope we are past? Its easy to report record exports when prices rise lol. Even the ccp doesnt tout its economy as number 1 anymore because they dont fully know the scale of misreporting.
@@samthesuspect "below CCP expected growth?" did I miss anything here? What's CCP expectation? Market estimate including Chinese central bank prediction was 15% in exports . The current number was far higher than predictions. Let me quote CNBC: "China's export growth surprised again on the upside. (It) continues to help China's economy in a difficult year as domestic demand remains sluggish," said Zhiwei Zhang, chief economist at Pinpoint Asset Management. Either you have issues with grade 2 number comparison or you just sit in your bedroom to make up numbers.
@@abcdedfg8340 first CCP reported many times about lower growth e.g.,0.4%. but I don't think CCP needs to do it. Your guys have been doing their recession predictions for over 20 years😂.
I like how you always have to invite an Asian to spread "china paranoia" u think that makes what he has to say even a little credible
Like Gordon Chang
and he'll be the 1st to say america's economy is thriving and in good shape....just a clown who thinks he's admired...just a pawn..and as soon as he goes off script he will be silenced...Milken will silence him...
@@TheMangoman72 Do you Wumao all know each other personally, or do you just meet occasionally in various bathhouses? lol.
Gordon Chang has been replaced by William Lee? 😂😂😂😂😂😂
Mr. Lee, how are you! Do you have anything to hang on to? Wow! So for the Bloomberg reporters!
What this does not say is the China’s economic health is also essential for the rest of us
Not so much. We don't sell much there and we have diversified suppliers. Before COVID, China's incompetent response and China's abusive attitude toward Hong Kong, reliance was much greater. Xi is great at keeping power but he has been a failure.
@@DrJohnnyJ I dislike the CCP as much as you but the fact is China is one of the worlds largest economies so what happens in it affects us all
When 'saving face' is the priority of a groverment, there's no hope for the citizens. So sad!
Yep, built the country into the world’s second largest economy and the third strongest military just to ‘save face’.
@Security First agree with you. However, the problem is not entirely because of one man, the problem is CCP regime, even if Xi gone tomorrow, there be more like him to follow....
Thank you, comrade Lee. I salute you 🫡
how long did it take for us to recover from 2008 ?
One of the few true comments about China. More Mr. Lee, please.
Looking at your name, I know you are not very bright. Go eat your tainted pork
This channel keeps on deleting comments.
Oh yeah, listening to this Lee guy who wouldn’t know his rear end from his front in daylight ; u might as well listen to Donald Duck.!
China is a factory of the world.. it actually produces goods which is consumed by the world.. real problem is in the USA which is carrying so much debt it has to borrow to pay interest on that debt.. let’s not worry what will happen in china and worry what is about to happen here in the USA with the rising interest rate
I like yr simple answer to this which speaks volume of truth that reflects the reality of our world today. The U.S. itself has its economic problems where the current govt. should devote its energy & resources to resolve its own issues rather then pointing fingers at other countries like China, for its own national problems.
nothing like having a bunch of debt with a country that collapses... free money... lol
@@Wbliss the US's problems are with its idiot citizens. they're not deeply structural. they'll be turned around within 5 years. China on the other hand about to roll the clock back a few decades...
You have been telling that doomsday in China for years but always the opposite happens!
It's no different than the shake-up in the Godfather movie. You had 5 powerful families fighting for more money, control, and more power.. a bitter rivalry escalates to war. 5 leaders end up deceased and one stronger leader remains.
这是我第一次渴望用中文留下我的回复：啊！！！！我们崩溃啦，我们变穷啦，我们要内乱啦，都被你们发现啦，我们好害怕啊！🤣🤣🤣🤣
我觉得兄弟只要递简历给美国智库， 第一页 正楷 中国立刻奔溃 第二页 China Real Collapse 明天立刻叫你是上班
Would you trust China after all the ignoring of contracts/agreements with bond payments?? They can kiss foreign investment goodbye!
When their main, continually pounded goal is destroy America and the West, why, why, why do we continue to deal with China? Americans are paying them to grow their military which will one day attack and try to destroy us.
US is the most Untrustworthy one who often do not honou words and agreements
They made that very clear when they only had the interest to bail out their domestic companies. The only people who keep some sort of optimism are the wumaos (paid commentators) who said China will get a rebound in foreign investment or for some other wumaos they claim it doesn't matter if China gets foreign investment --- they can handle all of it themselves.
Elon believes in China，Who cares what you think??🤣🤣
And the lack of covid origin transparency. When you stab people in the back they don't forget.
Their GDP started to slide, mostly in coming months it will go into negativity as per the data.
Top video
Lee is applying western economic and financial model on China. Well Lee is absolutely short sighted.
It does not work that way. Similarly for Russia, western economics analysts like the kind of Lee failed in their analysis. They predicted the Rubles will collapse within one week upon application of the planet's most strongest economic sanctions and trade embargoes. Their analysis fail drastically and disappeared into thin air. All of these analysts keep their silence including Lee who was once vociferous about these sanctions and trade embargoes killing Russia economically.
Well, you can be as delusional as you like, but economic facts are pretty clear and they aren’t good for China
@@993mike When you are inside the box with Lee, you can't see the bigger picture. Keep thinking inside the box.
I love how a person like you, without an education and any kind of experience in the finances, macro-economy and micro-economy talks about how the literal experts who are doing this for the whole life are incompetent.
Just for you to know, Russia is in fkin shit. Their trustworhiness is nowhere to be found. Nobody will invest there for a long time, including India, China and Saudis. And the ruble collapsed. Can you sell it? Can you buy it? Can you buy stocks in Moscow? The ruble is the same when the Soviets ruled: They said that currency rate for one german mark is five rubles. Except literally nobody, including soviet banks, would give you this rate (maybe if you were selling marks) and instead it was one mark for two hundred rubles somewhere in the dark alley. If you were lucky. They completely stopped releasing most of the data, and those that do get released are just numbers without any kind of support. The numbers cannot be verified in any way. The production of a large part of heavy industry halted. Putin is forced to act as a door-to-door salesman for his collapsing weapon industry and oil they sell with large discounts to China and India. The only thing that keeps them afloat now are selling gas into EU now.
Sanctions are a slow strangle but will work.
@@rodgerhempfing2921 it works against the strangler when the stranglee is strong, powerful and supported.
Lol this guy made a gloomy prediction solely from his gut feelings. Without any numbers or reports from any reputable sources.
a budding gordon chang that eventually will get nipped
@@deepbluenon4236 I've been buying puts on Chinese companies with these moron's predictions since 2014. Looks like I'm more stupid than these noobs
China har a real estate bubble worth 52 Trillion dollars. Empty, decaying buildings enough to house Germany. Now banks are having liquidity problems. Municipalicitys are up over their heads in debt and 50-60% of their revenues has come from land sales. God knows how much murky "I owe you bonds". 20% youth unemployment rate.For people who has any insight into economy, critical thinking and China It's been obvious, it has started to fall apart.
Be quiet Wumao
Ya, all reputable sources are from CCP.
How much longer is the West going to play the same videotape? Is there anything we have not seen or heard?
Holy shit!! Do you mean to tell me you can't borrow money to build skyscrapers that will never be used and still turn a profit??? Wow. Who knew?
WE HAVE A GLOBAL ECONOMIC SLOW DOWN. THE WHOLE WORLD IS IN A RECESION. TAKE A LOOK AT THE US ECONOMY. BACK TO BACK CONTRACTION.
but based on the comments here, most americans seem sooo focused on what china is doing...smh
@@TheMangoman72 lol. Silly Wumao, we see millions of corrupt Chinese fleeing Toxic China every single year for the West with their cash in tow. They're all desperate to escape the "Chinese Dream" to...live forever in the West?? lol. Now if THAT isn't a sure sign that China's got problems...I don't know what is! But hey, keep your head in the sand, Wumao.
Latest Starbucks earning report beat overall and same store sales grew (mostly inflation in prices rather than product volume) but the same stores sales for stores located in China specifically are down 44%. That shows the level of chaos over there. The problems with banks screwing their customers, the claims of tofu dreg projects… it’s all confirmed by this.
Yes, not because people realize how overpriced starbuck is, and gone for the cheaper alternatives.
Starbuck is no longer a thing in China. Chinese people prefer Luckin Coffee instead. Luckin Coffee has overtaken Starbucks and continue to grow rapidly.
Starbuck cannot innovate.Its Market share been eaten up by other stores. Good luck with the competition.
@@leezhieng A quick google of Luckin Coffee made me LOL
So what?!! First Starbucks isn't the thing at the moment, there are a lot of new players with cheaper items and compete in terms of interiors, service and quality. Second majority of Chinese especially in the senior group are frugal and when it's time to buckle down they do. Third many prefer tea still over coffee. These to name a few.
It would be stupid for China to fund the real estate sector. Better for China to pay government servants more money.
They can print at least 30T us in value. So what are they talking about. Social reform? How to employ people? Why do they need to employ people?
A Brilliant Bloomberg Interview.
yes, a brilliant piece ..if you are looking for confirmation biasing information.
Uninformed and low intelligence people usually find this channel brilliant.
A Bloomberg story on China is always a grain of salt , broadcasting the doom & gloom of China’s economy coming to an end & it has been doing it for the last 20 yrs. ! Well, China’s economy is still around today or tomorrow or the year after this . These so called experts or economists contradict each other over China’s economy for the last 20 yrs. & none of their predictions ever came true. Go figure.!
This guy is great, finally someone well spoken who doesn't walk around a question or give non answers.
A few left who did not get bought off by the Chinese com $$$.
@@taiwanbirdman Another loser who eats tainted US pork
The Americans have not seen the world economy
Where is all the capital flying to?
Live by exports die by exports.
Just opinion from Taiwanese... the fact is Taiwan still need China market to build they economy
With a one child policy for the last 30 years, it will be hard for China to depend on internal GDP. China will be forced to do business outside of China. They currently earn 40% of their GDP from export business.
They have to stick with internal consumption otherwise their currency will go bust at this rate with hyperinflation coupled by their stagflation situation.
@@lesliegrace8360 .... july 2022 inflation ... China 2.7% .... US 8.5%
@@lesliegrace8360 How would they do that? Their wages are being cut, their unemployment is going up and all of their money is put in real estate which is collapsing. Lets not forget the promise for covid lock downs for at least the next 5 years to boost consumer confidence. Oh and lets not forget how Xi gutted the tech sector. They have been trying to increase their internal consumption for like 10 years now and failed miserably. It's not going to go up now...
@@thomaspham6921 China's real inflation is 5-6% and their wages are going down plus unemployment is going up. They are so screwed 😁😄😃
The Americans lag behind china
I love coming back to watch those videos to find out how wrong they were.
Please think Please I'm still here boss
I’m guessing Taiwan will be a focal point on the horizon ?
LOL wait you mean you can't build a world class economy on a foundation of tofu-dreg projects? who woulda thought???
The Chinese lack of transparency with Wall Street businesses makes them a poor bet, times up at last.
Right
I always tell people tobuy silver especially as it will be come street cash if everything goes tits up
I don’t understand how you are planning run on a domestic economy like the US does when your demography and thus internal consumption are about to run off a cliff
demography? people are LOSING jobs. Having more children will make it worse.
@@yj9032 it’s too late to think about having more kids at this point - it’s about 40-50 years too late. That question should’ve been more honestly considered when the Chinese communist govt were implementing the one-child policy and enforcing it for so long, so much so that it’s now engrained in the culture. Now you’re not running out of kids, you’re running out of adults - which is a much worse problem. I don’t think China can fix their demographic problems at this point. Now it’s a matter of how China leaves the stage - quietly or with a bang
Very thoughtful article thank you very much, casting much needed light on a very dark part of the global economy. A certain part of the interpretation of China's decline is wishful thinking though. The centerplank of China's plan on becoming a world dominant power was the establishment of an all powerful domestic economy feeding its own growth - I agree that, if my very minor exposure is anything to go by, that has not happened at all. so now China is reliant on the frail, weakened and leveraged western economies to help keep their export performance going. So let us sit back as see how that plays out in global politics. Was Pelosi's visit to Taiwan a deliberate provocation underscoring the White House's reassessment of their power dynamic with China? If so, that doesn't excuse the spurious rezoning behind the venture, though it may explain it.
Pelosi as power politics is like Biden as Mr Universe
These two old folks are bulllshit and act like a fool . And this Chinese old man kids the other old white A** hahahahaha lol 😂 😂😂😂👍👍👍👍👍🖕🖕🖕🖕!!!
An insider trading in semi stocks..jezz PLA jets were on her tail before landing. Obnoxious move the reason Xi never met Biden even once. If you ever noticed
From Forbes magazine: _The three largest employers in China are the oil and gas industry, the aerospace industry and the Mining industry. In the U.S the three largest employers are Walmart, McDonalds and Home Depot._
You do the Math.
What Math? That China is reliant on Primary sector stuff while USA is higher up with major employers being in the Secondary and Tertiary Sector like making stuff and selling services instead of resource extraction? Because that would mean that the US has more value addition than China.
The chinese are industrial
the next gordan chang lol
So does this mean China isn't going to be the top economy in the world? Or was that a lie too for some strange reason why would our own press and government make up that China would be or is the leading economy in the world?
@@The_Internet_Is_Overrated IM pretty sure they have been lying to us and not just my generation, my father and his father were completely in the dark too...its the narrative they give us and what is really happening...if you don't know this to be fact you are in the dark too
@Arabic Reja More like a second Russia without the nukes
Why did we start a full blown hybrid war against China while claiming its going down and collapsing in a few years or months? Why are we even getting NATO over to the Pacific fighting against China, is it really imploding? If it's, why not just sit tight and let it implode while enjoying the show with a glass of red wine in our hand?
@@johnweber8077 Because China isn't the future and everyone knows it... China is like Russia without the nukes basically so the US will do what it likes with China and it seems they don't like being pushed around because they think they are the future just as Japan did in the 80s but things turn out the way they should and it seems the US is the global hegemon and will continue to be so whether you or China or anyone else for that matter likes it or not
@@Riddingwithvivian
(they don't like being pushed around) = (because they think they are the future)?
Where is the logic in that statement?
Word of advice: leave reasoning to adults if you can restrain yourself.
I call bs. This is big Government propaganda. Thanks Washington for another great cartoon.
Baby when the Millioniares can’t access their own money due to banks making
Uninsured deals with their money lmaoo this affected all THE RICH PEOPLE not just the middle class it’s not bullshit it’s the fall of an ERA BABY
That is good news. America first.
China's provincial governments remind me of the Khanates of the Yuan Dynasty.
haha, this guest says things many Americans love to hear. Look at how excited and joyful he is when talking about the problems China has as if China is the only country that has problems. It makes me think of dogs in a very negative sense !
Ah! Your a government paid Bot!!!
Let them sync baby! America + Europe are the countries to be!!
Europe = country...? 🤔
@@nilsmayer3283 not to mention misspelling sink
But surely 3+ trillion US treasury bills is something to hang on to?
They have to. They need to keep a certain amount of USD in reserves for trade and other stuff. They put part of that in treasuries so that it earns some interest instead of just sitting in the bank...
Excellent news 👏
I live in Singapore and observe china at least from the 70s, and very intensely from 2007. Including been there count less time with many friends. As a bankers i advised institutional investors and trade currencies. My experience with asian economies is that, during the fast growth, lots of concentration of capital in narrower industries and regions such the capital and biggest cities, with lots of window dressing and feel good projects that wasted resources but no real sense. Every thing we observe cud only be thru a small window that hardly reflects the reality.
In communist China it is 10x more intense. Yet there are few credible useful data.
Prc economy is hugely leveraged as it's strategy is to go for biggest volume but extreme thin margins
The profits are likely from equities price earnings ratio where the earnings are likely artificial, plus high real estate prices but not freely transacted.
Anyway this is just my analysis, cud only wait for few more years to watch the outcome.
you are part of the problem,you sack O sh!t. mei wenhua de hanjian, puiiii !
Your analysis is BS for more than 50 years of analysis you still get it wrong about Asia especially China. I am guessing you lost a lot of money for your clients or the cost opportunity was too high for them.
Your analysis is BS for more than 50 years of analysis you still get it wrong about Asia especially China. I am guessing you lost a lot of money for your clients or the cost opportunity was too high for them.
Zaaaaa Ha Ha ! Stupid entitled S'porean gets it wrong again . He thought the mention of of him being a bankerwanker would get some immediate respect. LoL . Soooooooorrry , noone likes BWs ! Talk about losing face LoL
@@whitemoon5752 What great insight. I like your argument. F*** you, you're wrong because I don't want to believe it. I'm assuming you have at least a masters in financing. You should have this published in the wall street journal.
And they're not even talking about the true elephant in the China room: demographic collapse. Even IF all the things they talked about here somehow righted and got back on track, the single factor of the coming demography in China cannot be escaped and will utterly deviate their economy. China is simply going to run out of adults to maintain and grow their economy. And they're not Japan; they have not retooled their economy over many decades to deal with this coming, and highly foreseeable, problem.
Even if China's population stalls, China is still going to be the second largest population for the next few decades.
Sounds like Gordon Chang number two to me.
GOOD