Counterbalance | China’s Hobbled Economy (feat. Thomas Duesterberg)
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- For decades after its accession to the WTO, China got rich, and the average Chinese citizen became accustomed to a certain rise in living standards. Now, with Xi Jinping undermining the most innovative parts of China’s private economy and further centralizing power, China’s economy is stalling. Hudson Institute Senior Fellow Thomas Duesterberg joins host Peter Rough to discuss his new report on China’s economic weakness and how the U.S. should respond.
Definitely recommend watching this on 1.25x speed.
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
A statement from an impatient individual
@@user-sm9jy2jm1i Time is valuable
How is overproducing "goods" worse than overproduing just paper (dollar )
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
The dollar is made from wood. Therefore, its carbon neutral
Meanwhile, China has singlehandedly burnt a hole in the ozone layer by over production using international banned chemicals in the manufacturing process to gain advantages.
Don't get me started on the environmental damage to their own land and waters by actively becoming the worlds factory.
India kicked out Tiktok and other Chinese apps in one shot. Why cant the US do the same?
money !
Rule of law which doesn't exist in India for foreign companies? Unfortunately the US is also no longer doing well on that front. But Indians take the cake.
INDIA...loves google, MSFT, amazon, X..because they are spy corp for Modi corrupt govt!
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
Because US companies would get their asses kicked in return. India, by contrast, is absent and therefore completely irrelevant in China.
That is why india don't know about outside world anymore??..and always day dreaming??..
🎯 Key Takeaways for quick navigation:
00:00 🇨🇳 *The narrative on China's growing economy is shifting, with increasing skepticism about its strength.*
02:30 📉 *China's economy is possibly weaker than portrayed, facing challenges like demographic issues, environmental problems, and financial weaknesses.*
03:38 💼 *China's economic slowdown hinders its ability to address long-term structural problems, including demographic, environmental, and financial issues.*
05:43 🏠 *China's real estate problem contributes to macroeconomic weaknesses, impacting personal wealth, consumption, and global markets.*
21:10 💰 *Leveraging economic levers like tariffs, sanctions, and limiting Chinese access to Western markets can shape China's behavior and address unfair trade practices.*
28:08 💱 *China's currency, the RMB, is not fully convertible to dollars, hindering internationalization and capital flow.*
29:05 🌐 *China faces technical challenges in its communication systems, impacting global transactions in its currency.*
31:02 💰 *China aims to be self-sufficient, creating its own zone of economic activity through initiatives like Belt and Road.*
34:37 🌍 *China's Belt and Road investments face economic feasibility challenges, providing an opportunity for counter alternatives.*
39:45 🔄 *CFIUS (Committee on Foreign Investment in the United States) is expanding to include reverse CFIUS, scrutinizing American investments in adversary countries.*
Made with HARPA AI
Ponzi scheme, now please accept it.
I never knew the precondition for Xi to attend the apec was the dinner with American business execs. It just seemed odd to me at the time. Now it makes perfect sense.
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
Lots of PLA trolls in the comment section lolz
I always welcome another persons point of view , don't you ?
Trolls my a$$ !
The rest of the world are really getting sick of US arrogance !
PLA trolls and USA sidekicks!
China is incredible!!!!
If China economy has a problem, then you have nothing to worry about😂
In fact, I “worry” for the US. Their country will implode from within at the rate the rot is happening. The poor US people who have been lied to day after day, by their politicians and Presidents who are toothless tigers, while the real power lies behind super corrupt elites aka the The Deep State. I fully salute Edward Snowden and Julian Assange… true guts! True heroes!
So reassuring to talk about China's problem, it distracts us from paying attention to ours
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
Yes, isn't that a "good news" for the collective West, especially the U.S.? 😅
Granted, the economy in China isn't "good" at the moment, but out of 1000's bad news, is there any good news? There has to be at least one, right? It's funny to see so many Western "China experts" having orgy about China collapsing. 😅
Great video. This man knows what we in the business have known for a long time.
And what is that ???
Undoubtedly you guys really know your business. The collapse of Chinese economy has been predicted by self-proclaimed China experts in numerous occasions throughout the past decades. We shall wait and see if the prediction of this latest pundit is any better. So far, the record has been utterly laughable.
Every year for the last 20 years, US have been predicting China’s economic doom.
China chooses its leaders through meritocracy, with increasing levels of responsibility and governance.
Obama for example , never even managed a corner store
US and Europe since the industrial age , pumped collectively, more carbon into the atmosphere, than all others combined
Exaggerated and extended problems in everything, pushing aside the many positive data evidence about the many successes. This is Not a fair assessment of the Chinese economy. His opinion of the US economy is contrary to the majority of unbiased reports.
The most compelling testament to an economist’s credibility is the accuracy of their historical analyses and forecasts. These individuals were present during pivotal economic periods, such as the stimulus era under the Bush and Obama administrations, and Biden’s COVID-19 stimulus measures. They also witnessed the era of American unipolarity. Despite their proximity to these significant events, they failed to foresee the impending crises precipitated by these perilous government policies. This oversight calls into question their ability to accurately interpret and predict the consequences of economic policy decisions.
War and economics experts suggest that why not you tell us more about usa very very deep financial debts and troubles now??...
Like why usa defaults on 31.4 trillions usa dollars very very hugh financial debts troubles now??.. and means usa is actually a bankruptcy nation now and soon automatic collapse???.. why usa unable to pay off debts and has to defaults?? ...
2... why usa keeps on overprinted its usa dollars to about 500 trillions very very hugh financial debts troubles now???... and usa dare to overprinted? BUT not dare to assure and guarantee its overprinted dollars trustworthy?.like we all can very easily exchange for 1ozs of pure solid gold for how much usa dollars anymore now??? Why?? Why???
3.. why 5 usa banks all suddenly go bankruptcy at the same time and same day??..why?. Why?. And results into trillions dollars of depositors money troubles and problems now?..why so suddenly???....why??..
4... why usa is in such miserable state now??? Defaults in debts??..overprinted dollars and not dare to assure and guarantee???...bank bankruptcy and depositors money troubles???...
Can you please focus and help 🙏 us know more about usa??.. instead of pretending that usa got not troubles and problems with money??.. and telling lies about mighty china which you just anyhow tell lies and trying to let us all to know more about usa many and plenty more usa troubles and problems now???....
We are feeling so sad for usa??..
You all keeps telling lies about mighty china??..
Is it because you jealousy of mighty china's success and why usa cannot success??...
We recommend that you all in usa must learn to be brave??.. and dare to admit usa many silly.stupid and foolish mindsets of thinking and wrong ways of doing wrong things like alway blame others instead of dare to admit usa very wrong thinking toward usa security systems? and financial systems? And usa blaming mindsets??..and not dare to looks into usa own evil face??...????... why?? Why??
Because this is an article about China? Hope this helps.
That's what we have been hearing for the last 20 odd years.
What goes up must come down. Double digit GDP for the CCP will not be sustainable. Great point by the speaker
One big irony of economic fails in china, was that when we had our crash of 2008. China used their complete political control to go their own way and not take the hit caused by our collapse. However they just just doubled down on their investment model. Somehow unaware of their declining demographics they just kept relying on housing, particularly land lease sales to fund their local govts and stimulate their economy. After over building enough to house a few hundred million empty units, they finally realized their population was in decline and they economic pump of moving from the country to city was ending. It just turns out that they really are communist at heart, and they
just don't invest with consideration for the need to make a profit. Now they have this situation where there are just no strong holders
to bail out the weak. I suspect a lot of the money is in the hands of the ccp members in paper with no accountability.
The whole system is based on the manager (ccp member ) getting his cut and most the profits were being generated by housing, or exploiting the new labor from the countryside. Now that housing is in the dumpster, they are going to have to work very hard to keep the economy from shrinking, as the local governments just can't sell enough land leases to keep going.
the national govt has to chose between keeping the local govts afloat or downsizing the military. I suspect soldier will end up with the salaries and the locals will lose the work.
A lot of what you say is true. But you missed one item that I've seen mentioned by economists...China was/is the world's largest creditor nation, while the U.S. was/is the world's largest debtor nation. Since China was not a debtor nation, the effect of debt defaults didn't really affect them. To a lesser degree, that was also the case with Russia.
lol creditor debtor nations. US has the world's reserve currency. It's not a creditor debtor relationship, it's who has the reserve currency and who's dependent on importing food oil. China is extremely dependent on exports to earn the dollars needed to buy commodities. Brazil and Argentina only accept dollars. But I do agree that China is like Russia in that the moment they make a move on Taiwan the US can freeze all the money like they did with Russia.
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
That's why the global trend is to de dollarize. Everyone knows the only thing holding up this house of cards is US dollar hegemony...more countries are realizing that the US can weaponize the dollar and turn it against them
War and economics experts suggest that can you explain why
1..why usa defaults on 31.4 trillions usa dollars very deep hugh financial debts troubles ?? So usa actually is a bankruptcy nation now and soon automatic collapse??. Why usa can't payback 31.4 trillions debts?why????
2.. why usa overprinted its usa dollars to few hundreds trillions dollars debts now??. And why usa dare to overprinted BUT not dare to assure and guarantee its overprinted dollars trustworthy?. Like we all can very easily exchange for 1ozs of pure solid gold for how much usa dollars anymore now??... why don't guarantee??. What is usa motive not to guarantee??...
Who labeled 34:37 as 'BELTON road' Hahaha
I do wonder if these big talkers have been to China or lived in China, or even indepth knowledge of the people, the leaders as Prof. Jeffrey Sachs is well known for.
Sachs was a failure as an economic advisor to Russia, then became a shill for China. Everything he says is in support of his ideology, he doesn't even demonstrate the ability to handle facts and theory independent of personal opinion. His style kind of reminds me for Avi Loeb in a way. I would not allow my kids to have classes with either of them for free.
@@lasagnajohnwell, help yourself!
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
You still have Chinese mind and your english is Chinglish
@@johnwilliam1837 And you have a racist mind and heart. Darkness will hang over your family forever. Let the light in and your family will grow and prosper. But, YOU DON'T CARE about them..just to satisfy your emotional needs.
If they had the American economy where you have people homeless and poverty, American people have to pay the cost , where China look after it people
Real estate is about 25% of the China's economy, and it's crashing.
The whole country was involved in buy and sell, but now the musical chair stops.
You can't fix stupid nor lazy!
Weren't Ghost Cities evidence of chasms years ago?
the ghost cities narrative is fake. just like alot of other western racist news about china.
Asleep at the switch? Hmmm
the umms and uuhs are a real grind to this conversation. i cant NOT hear them, like nails on a chalkboard
It seems he had a hard time finding a diplomatic way to say what he really wants to say
@@dcc70 Some folks are not comfortable telling "whoppers " , and that makes them stammer !
His poor brain is clogged
w
ith lies!
The US economy is showing some cracks too, and serious political dysfunction.
Would it make Duesterberg and the Hudson Institute's day if China was broken up into separate nations such as happened to Yugoslavia?
Thats the idea
Yugoslavia broke apart along ethnic/religious lines. China's ethnicity is more homogeneous, save for Tibet and Xinjiang, but those are not really power centers.
If China were to break apart, I'd imagine mega cities like Shanghai and Shenzhen-Hong Kong that have direct connections to the outside world refusing to fund Beijing's misguided policies that leave people poor and starving.
United States is the true Global Democratic Dictatorship 😂😂😂
Always Control,Contain, Divide, Separate,and Destroy
As someone born in former Yugoslavia, it was a morally bankrupt state that was running solely on inertia, a state no one wanted to live in or die for. There never was Yugoslavia, but six Slavic nations that were all in it for their own interest.
@@dcc70 "policies that leave people poor and starving. " Fool ! when were you last in China ? Misguided ,for sure
At the end of the day, if the lot of the Chinese are considerably better like alleviating its people from poverty, that matters to the Chinese. Strangely enough, in the process, it raised the standard of living of the average American due to goods they couldn’t afford in the past and created many more millionaires and billionaires, in China and the US. It is in the difference which this created wealth which has be distributed to the Chinese and American populations that matters. In the US, the increase in wealth went mainly to the smaller richest section of the community, with the progressive loss of employment of the lower class. In China, the advent of work generated a higher standard of living to millions of peasants and Chinese facilitators who enabled the transfer of work to China became rich as well.
This shift in generating income was accelerated by IP theft as well as Chinese innovations, and expansion of Chinese manufactured goods into the rest of the world, resulting within 30 years
when China’s GDP rose from 11% to 74%. The most telling deteriorations to the US was not only the increase of unemployment, but that the Standard of Living of the lower income people, remained stagnant for 30 years, with a near commensurate increase of wealth to the rich. The channeling of funds for R&D also shifted to where the operation was, depriving personnel who
traditionally were from the US. This has enormous impact on the future growth and security of
old and new businesses in the US, especially in Technology.
The US deployed the strategy of tariffs to reduce the trade imbalance with China. This had proven to be unsuccessful. In the area of Technology, sanctions and inaccessibility to US products like chips and cutting edge technology processes, have only stalled China’s growth temporarily, forcing China to increase investment of alternatives. In the longer term, US
companies which used to sell 60% or more of its production to China become unviable due to the permanent loss of the Chinese market. The implementation of 5G in the US and it’s Allies who decided to collectively sanction Huawei technology, have sustained financial losses as well as disruption by the dismantling of existing Huawei equipment without a clear view of new 5G installation.
great wumao talking points & delusional opinions there , + 50 cents & + 10000000 social credits for you
@@bigmedgeTypical US western propagandized rat that cannot refute anything so he resorts to saying wumao this and that.
@@bigmedge When a CIA Troll cannot come up with anything, this is what they call other people despite their own collapse
@@AFlyingCookieLOL lol Americans live like kings compared to the Chinese , who for the most part can barely afford to eat (which is why they routinely eat dogs, rats, and sparrows) so where is the collapse ? In fact according to credit suisse , the wealth difference between USA & China since 2011 has only GROWN by $12 trillion in America’s favor . The only collapses in China, given that most of its factories have already fled Southeast Asia b/c they’re tired of CCP extortion & IP theft ; and even worse, their real estate market is tens of trillions of dollars in the default , and in turn, so are their local governments . Also, the CIA does not have trolls because people in the US are free to write whatever they want ; It’s China who’s famous for hiring prostitutes to write for 50 cents/comment - if you don’t know what the 50 cent army is , then stick to watching cartoons
⭐️⭐️⭐️⭐️⭐️
CCC (Confucius Contra Communism !!!)
ALUBABA is an example gor anyone want to invest in Chi-Na !!!
Heard all that before！😢
When i heard him say ths Chinese government does not have the money to do stimulus, i understood that this guy has no clue about the Chinese economy. China runs a current account surplus of 80 billion USD a month and is the biggest or the second biggest US bond holder, and can't run stimulus? It chooses not to, to avoid stimulating unproductive sectors. I stopped listening to this guy after what he said.
Please in the conversations, remind listeners the difference between China and the CCP
Maybe you can shed some light on how you would lead a 1.4 billion people as a whole towards prosperity without fragmenting the country into colonial powers and fairly distributing the successful economical growth to both 1.4 billion of Chinese people and 1.9 billion people in the US and Europeans respectively?
@@gregwang8628 I can answer you with one question, what percentage of this 1.4 billion people get free medical care?
They keep living costs low with fresh produce, cheap but best transport, small health care contributions, the housing and land rights for all, eventheUS free education to Gao Kao, Safety and security that, best universities... China's phenomenal economic dev. for lifting living standardm, sharing prosperity and clean green and
futuristic country very low or no crime
.
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
@@gregwang8628keep on the wonderful work, CCP, 1.4 billion Chinese love you! 😂😂😂
Economy by natural is free market. Central economy will always fail.
Thomas is quite rightly on China's economy.
Couldn't predict the real-estate crisis.....did he forget about Barnie Frank and the way Freddie and Fanny were told to be run??
Just two years late but ok nit everyone is fast. Or in this case slow. 😂
Americans register as organ donors at a rate 103 times greater than the rate that people in China register. In terms of giving to charitable causes, the US has long ranked as either number one in the world or as within the top three nations. In contrast, China has long ranked within the bottom five nations, sometimes as the very bottom-most, the stingiest in the world. Nor is that difference in charitable giving due to China's lower wealth. Kenya was recently ranked number one in charitable giving so the rankings must be based on percentage of income or GDP donated not on absolute amount donated. My larger point is that, as nations go, China (especially under the CCP) is profoundly selfish, selfish to the point of criminality. It will never live up to an agreement; it will never not cheat. Unless forced. Why is it that the US has, for so long and right up through today, reacted so feebly to China's numerous forms of cheating, unfair competition, and misappropriation?! Why on earth do we still classify China as "most favored nation"? What is the psychology there? Why do we Americans just sit and watch China plunder us and the world?
Your post covers a lot of things. I’ll just mention that philanthropy outside a person’s family is not part of their culture. Giving very generously within the family is though. Also, traditionally, organ donation is seen as a desecration of the body. These are cultural differences and we in the west paint them too easily from our point of view. Having said that, I agree that they themselves would be better off if they were to develop these habits themselves.
They have to provide for 1.5 billion people in a sea of hostility especially from the west and they have suffered enough of humiliation in their history from other nations on their soil and greed from western nations trying to rape it. Understand??!!
China was glorious even before your country existed.
China more than makes up for the lack of organ donation by forced organ harvesting
Wrong. I am from Malaysia and I know when the Chinese migrants were facing challenges of British oppression in terms of educational opportunities, the Chinese even though who were the street hawkers with little incomes contributed to build their own university, which was heavily opposed by the ruling regime.We build up the city of KualaLumpur through collective hard labour and even Chinese helped to build up schools through their own funds.
This channel is very bias and misinformed,
34:09
Every country faces the problems of over heated economy, Stella growth n slowing growth, aging population and 101 other issues.
The main thing that these so called experts forget is that economy and pretty everything else is under the management of reasonably competent people vs vested interest of the mega wealthy n political insults n fighting.
China has always done well under a centralised government system.
The reason for the BRI is to trade and spread risk of dependency of America.
BRI is aimed at securing its resources it does have!! This brings a win win situation for all countries involved.
The art of war applied in economics of a country.
Remember the Chines are not dumb. They have a great leader in Xi, a pragmatic n humble president focusing on win win outcomes of trading partners.
Japan on the other hand is a very very different country and cannot be used as a comparison of any sorts.
😢😢😢
propaganda😂
some folks spew crap for money !
This talk proves and reinforces the awareness that I have in recent years, when listening to Western experts on China, how wrong, how misinformed, how misguided they are when talking about China, Chinese people, culture, tradition, Chinese history, Chinese values.
If one is open minded enough to see and evaluate what can be seen physically as far as China’s successes in managing the huge economy and population, the successful implementations of projects to provide food, energy, and transportation to enhance the speed of connectivity nationwide wherein the Wests and no other country can truly match, one can see that the gap between China and the rest of the world is growing wider: China will be far ahead despite all its growing pains.
The Wests in particular these 2 “experts “ will wake up feeling dumbfounded one day of how they could have got the while China thing so wrong.
I like China too and I also agree these "China watchers" are full of shit. However, you are WAY off base. China does not innovate at all and they don't invest in education. Chinese civil society is essentially non-existent; about the only thing they'll get behind is protecting the value of their real estate. China copies from the West what it can understand and value. This critically does not include preventing the concentration of political authority. China is a well-organized, hard-working, single-minded mimic; it is currently doing nothing to ever be capable of anything more. This is probably for the best since with no civil society to speak of, and weak political structure; anything novel would likely be disastrous. China looks to be topping out at around 1/4th the productivity of the West, but that too is only an illusion. It requires that you ignore the fact that what built modern China was access to Western markets. China has a disastrous demographic problem created by China's one-child policy. China has built a blue water navy with no experience and, as stated above, no innovation. And it's doing this despite it's access to foreign markets having be secured by the U.S. for the entirety of China's rise. One can only conclude China intends to engage in actions that are likely to result in a loss of US partnership. This is obviously a result of China's political problem. In Summary, for a variety of reasons; China will not even be capable of sustaining 1/4 the success of the West.
Most who claim to be expert in reality are just "haters"
@@fajarliong Only on the topic of China can one be an "expert" without being able to read or speak chinese. Without having lived in China or traveled there. Without having studied Chinese history or culture.
Your view is, essentially, that of the CCP. It might be right but the recent evidence suggests more likely not. To take such a wildly bullish view - as you do - is more theological belief than pragmatic observation.
Why don't you focus more on the fissures that have developed and growing in the US? If you focus on your own troubles instead of trying to tell lies of those whom you are threatened by, maybe you will have a better handle of getting your own house in order.
I Alyssa, Delta, but this guy really know about economy
The infrastructure in China doesn't appear underused to me. I have been all over china in the last 7 years. The high speed trains are packed. The roads are packed. The big freeways from province to province have lots of traffic. The massive new airports are packed. Chinese airlines are buying large amounts of new airplanes. China is the largest exporter of automobiles in the world now. The contraction of the economy - to still respectable growth it should be noted - was all expected as they attempt to shift to an internal goods and services economy as we have in the United States. I don't agree with this assessment. This is a hawkish cry to engage in economic warfare against China. Nothing more. The whole argument is "they are weak and this is a great time to kick them." I don't think their economy is in the trash. That would be a grave mistake of perception. This seems like a recipe that will only end in war. This is just recycling the theme that forced Japan into a war that they didn't even want with us. None of these people were privy to what happened in the meeting between Xi and Biden and their advisors. Its a huge mistake to be confrontational. This gentleman doesn't speak a word of Chinese, and he knows nothing about the culture and the way they do things. Do a search for the honorable Kevin Rudd and listen to what he says about how the Chinese do things. You will hear a different take on how to interact with China. The Swift system is not the only game in town for currency conversion. Taking the Russians out of it didn't do a thing to their economy. He is either ignorant or he is purposely misstating the situation. Lots of banks don't even use the SWIFT system. In the end he makes it clear. He wants us to engage in economic warfare against China with the vague hope of provoking a regime change. This is just the same Project for a New American Century philosophy that got us into 20 years of war in Iraq ( lets recall that this was under false pretenses about weapons of mass destruction ) and Afghanistan. And they were not peer opponents. If there is a conflict with China its going to look a lot more like the scale of Pearl Harbor in terms of damage to our military assets. Probably a lot worse. The whole lecture is foolish and provocative.
I just looked up Thomas Duesterberg and he is from the Hudson institute which is connected to the RAND organization, these are hawks. GOP friendly, climate denying warmongers. At first I thought this guy is very smart, but then he showed his right wing idiocy and I was out.
I am however very interested to hear from someone who has inside knowledge from China. WHat I can make out is that China has been closing it's borders since 2018 and their economy is, partially related to that, going to shambles over the coming few years. Mostly it seems because of total and genetic corruption?
I am very interested in your opinion? I'll look up Kevin Rudd.
you must be a little pink!!! LOL. give some numbers and citations??? all hogwash propaganda talking points
Are you trying to make the case that the Chinese are actually not dumping their EVs into Europe and America ? Or are you making the case we should simply accept it ?
The US n its EU vassal states heavily promoted free trade n globalisation at a time when they have a complete monopoly of key technologies n thus a massive trade advantage over others.
With China moving up the value chain n already out competing them in various fields, they turn back on their own words n use all sorts of lies n trade barriers to prevent Chinese products from entering their markets. This is a clear example of their international greed based disorder
Most of what you said is pure conjecture or down right nonsense. You don’t know anything about the wars in Afghanistan and Iraq or about the massive military disparity between the US and China. If you want to learn how powerful the US military is then study the Gulf War or the 2003 invasion of Iraq.
And you’re clearly coping or down right clueless about China’s dire economic problems. They just started going through the worse demographic crisis in human history, and they’ve got a massive real estate bubble which is due to pop. It’ll be even worse than when Japan’s bubble popped in the late 1980’s
China’s economy is headed down the exact same road as Japan. If you knew anything about economics, you’d see the parallels between 1980’s Japan and 2020’s China. The only difference is that Japan actually got rich before it got old, China will get old before they get rich. And China’s population decline will be far worse. They’re going to lose nearly 80 million people every 10 years for the next 80 years. While their proportion of elderly pensioners keeps increasing compared to the workforce. China’s birth rate is the lowest in the world at 1.07 births/woman. Their economy will not keep up with the US over the long term since the US has a much higher birth rate and an indefinitely increasing population due to high immigration from around the world
China is full of ghost cities and unused apartment properties as well as under utilized high speed rail. This is a fact documented by the CCP’s own statistics which are sugar coated to begin with. Most people in China prefer regular speed rail over high speed rail since it costs a lot more. High speed rail, especially in such high quantity is a waste of money and doesn’t do anything positive for the economy. No high speed rail system in the world has made back the initial cost of building it. Going 2 times faster simply isn’t worth 10 times greater cost of construction. The US has by far the largest rail network in the world but the government chose not to fund high speed rail because it’s a waste of money and flying is a cheaper and much faster alternative
And being kicked out of the swift payment system won’t cripple anyone’s economy but it will cause a lot of financial and economic hurdles which coupled with all the other sanctions will cause any economy to decline or stagnate. Russia’s economy has declined a lot since 2013. They started getting sanctioned in 2014. Even now their 2023 GDP of $1.8 Trillion is far less than their 2013 GDP of $2.3 Trillion. Russia was the 8th largest economy in the world back then and now it’ll probably be out of the top 15 economies by 2030 getting surpassed by Mexico, Australia, Indonesia and others. Russia’s economy will likely continue to stagnate for decades to come. Along with the sanctions they are also facing a demographic crisis with a rapidly declining and aging population, although it’s not as bad as China’s situation
You mean Jhon Miershimer is imprudent and fool.
Biggest lie of the century
The low percentage of immigrants in China is a big advantage for China.
No it’s a big disadvantage. China has rapidly declining and aging population. That is by far the biggest problem facing China. They need all the immigration they can get
All nonsense
this guy is not very bright lol
Disgraceful that Western Leadership and corporations allow this to happen. They should explain to the American ppl what is happening and then do whatever they have to do to not allow us to be taken advantage of. It really pisses me off, so stupid to finance them to hurt our country. “We are not decoupling”!! Why the hell not?! It’s nothing to brag about.
American genuinely seems a little, I will not say scared, but confused as how to deal with China.
Your government is controlling how you think and reacts with out you even realizing it 🤣🤣🤣
The united States have been taking advantage of the world since it's existence 🤔🦅🤔
They used to chain black Slaves like Dogs
Try imagine China decoupling from USA and the consumers products price in USA going triple plus china are getting paid with USA useless dollars that only good for USA to use as sanction against china . Decoupling actually good for china n USA economy will go bananas with everything cost triple .
yes yes crack every year, bla bla bla
I really love to hear the wisdom of these Chinese experts.
Don't you mean " American Expert " ?
Many of them are also military experts, financial etc. They must be highly educated!!!!!!
@@mikeboate208I believe he meant to say "China" experts....big difference!
And yes the China experts here are Americans!
⛔⛔ US EU economy and dollar in decline! the more PROPAGANDA it has against CHINA! Same strategy used against ANYONE the US FEARS exposing the USA Ponzi Pyramid Fiat dollar used to have endless wars, oppress, and loot from the POOR!
⚠ China exposing the war crimes of US UK EU, daily mass shootings, homeless, poor education and healthcare, child pedophile and enslavement...but, the worse is THE US EU PONZI ECONOMY!
When comes to international trade, the Chinese practice win win policy
The house of card is crumbling down
There's a delicate balance that allows life to perpetuate in nature. Similarly a balance in supply/demand makes economies sustainable.
As the guest points out, the Chinese trade model wrecks the balance by overproducing on the supply side. In nature this is comparable to a virus. A virus infects one cell, usurps the cell's resources to multiply, repeats cycle until all cells in the host are depleted, and ultimately dies along with the host.
@@17kadiatou 🤣🤣🤣
They said that 100 years ago , yet china continues to rised slowly .
They're so Scare of China all they talk about is china 🤔🦅🤔
@@17kadiatou The thieves Cry Wolf 🐺🤣🐺🐺🐺
@@minhloi4536 Mike Tyson once said “everyone has a plan until they get punched in the face” The South Asia Sean does not belong to China, it’s a shared territory of 16 nations include China. Do you thinks these countries will allow china to claim their territory as its own and prevent these neighboring countries from fishing, import and export goods? I highly doubt they will let that happen. The South ASEAN Sea 🌊 is one the biggest economic traffic trade routes for many countries around the world 🌎 do you think these mon-Asian countries will allow China to control the flow of foreign goods and exports? I think not. All these foreign countries will join force agains China. Like Steven Taylor said in one of his songs Xi can “Dream on” just in 2 years the Chinese economy has faced an unprecedented crisis and it will only gets worse. When all Chinese people wants to move forwards, Xi under the other hand wants to pull them backwards in the past. The past don’t work in the future. We have the options to learn, move on or make the same mistakes.
BS 😅
Cracking? It’s crumbling you fools!!!!
U guys have been saying it throughout the Chinese rise..
The real thing which is collapsing is the USA
US economy is very strong, right. 30 years ago US economists already predicted this. But, China is still thriving.
Sadly a very true assessment in general.. The Chinese people are going to suffer in the near term... I don't think that he stressed the overarching effects of the exodus of huge amounts of foreign companies hence employers that have almost overnight left.. Unemployment of the young is also a major factor too as so many jobs for them have simply gone now.
Seriously, these so called “Chinese experts” have no creditability. No worry for the Chinese people, Andrew. 60 years ago, China is the poorest, 60 years now, they’re one of the richest. Chinese people can work and aren’t afraid to work like the West. You guys need to worry about this country. People are sleeping in the street. Drugs are everywhere. People are lazy to work hard. Food and almost everything is ridiculous expensive. And you guys are worrying about China? If they just keep what they are doing, in less than a decade, they’ll be the biggest economy in the world. FYI, their growth in 2023 is over 5% and we’re only 1%. We have an inflating economy and they’re deflating economy
This guy should visit China more often before making all the points
That's the retarded talking point that wumaos like to use for some reason . As if it's necessary to go to Antarctica to know that it's cold there . This guy knows far more industrialists & businessmen in China than you can dream of , & that's who he draws his investigative research from
@@bigmedge 🤣🤣🤣
Grinch merry x mas .
Congratulations you have been successful brain washed by western Propaganda News 🤣🤣🤣
Woke Nation 🤣🤣🤣
Trump vs Biden 🤡🤡🤡
@@bigmedge Jeffrey Sachs and others knows way more 🤣🤣🤣
Dum Ask 🤔🤣🤣
How much do you know about
Covi 19 Dum Ask ???
How much do you know about America History 🤡🤡🤡 No wonder it's called
The American Eagle 🦅🦅🦅
@@bigmedge 🤡🤡🤡
Seeing is believing Dum Ask.
Countries around the world knows how the CIA and Americans operates with their Propaganda Systems.
Only Dum Ask like you don't understand
🤣🤡🤣 So very easily manipulated
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Focus on the good. Think how you can fix United State’s economy first please 🌍
Isn't it great that the Chinese economy has declined? Why do all of you feel so sad? Isn't it just what you all wanted for a long time?
If China economy is weakened, then USA should have no fear of any China threat. China when it was poor was able to manage even with US sanctions in the early years of Mao’s era. Sure they did not have what the rest of the world had then but they still survived without western interventions. China has strategies to manage themselves , so its not your problems . US should guard their own interests as it’s has the largest debts in the world which it has no intention to repay.
If by "able to manage" you mean "only" 15-55 million people died of starvation, then yeah. How much does Xi pay you to post this whataboutism?
The US always pays its debts without exception , plus we're the world's biggest producer of oil , agricultural products , & high value-added engineering & manufacturing . Either you have no clue what you're talking about or you're a wumao . China , on the other hand , is already in a state of collapse - $100s of billions of industrial assets that fled , unlivable polluiton levels , trillions of dollars in real estate defaults , & as a result of that & corruption , trillions more dollars of local govt defaults . Keeping your head in the sand doesn't change China's grim present & future
It's all about the hegemony. Why do you think America wants to the Chinese market? So it can increase its market share for its multinational companies and thus their stock market size. That means the more these companies earn, more capitals flow back to America . But this way of distributing the economic resources only benefits the few in the country, at the cost of the majority. So the proper way to address is just to give up hegemony so more money can be spent to improve the country, a more equitable distribution of of resources among the people, instead of spending all the money in country to keep up the hegemony to the benefits of the few. The hegemony mainly benefits the ultra rich in USA but it has destroyed the livelihood of the average American. The conflict is if America wants to lead the world, it needs to maintain its hegemony but if it wants to fix its own country, it needs to give up its hegemony. That's the dilemma the US is in. It's one or the other, you cannot have both. America needs to admits its politics is kidnapped by these globalist corporations they want more people to flood into America for cheap labor, they want to outsource all the manufacturing so they can keep on getting rich. Democracy vs Autocracy, free world vs dictators are just veils for the globalists to push forward their agendas. You can vote all you want, it won't change.
@@bigmedge🤣🤣🤣
Ego fly high and Humpty Dumpty will have a great fall 😂😂😂
United States is nothing but a Democratic Dictatorship 😂😂😂
You're talking about 34 trillion dollar Debt the US have ???😂😂😂
Woke Nation
@@bigmedge 🤣🤣🤣
The world's biggest producer of Terrorism 🤡🤡🤡.
Warmonger 🤣🤔🤣
Democratic Dictatorship 🤣🤣🤣
Now that I can see Hudson is connected with Bush I know to mark Hudson as being dead to me.
Nothing very original or inovative here
Slander china propagate ignore arrogance democracy jow boning democracy extremist funmental democracy USA style Narrative
Are you mentally challenged or something? Or just on drugs?
2 white men 'shocked' by the water quality and the environment after 40 years of China making widgets for them and their kids to use. Despite that China is doing an incredibly good job on the environmental issues, renewable energy, waterways management etc
Lots of yellow men are shocked by the water quality and environment too. How does the way people look effect the validity of their argument? Make your point without racism.
China bil n the biggest dam in the world to channel water from the rainy south to the arid north... full of pure snow water lakes, rivers and canals... not poisoned streams from Fracking on Native lands.
Extraordinary poor interview, with omissions to the point of deception.
Neocon Propaganda 😂
Woah, all the great mind readers. I wonder whether they can run a proper country?
It is disheartening to witness our repeated display of aggression towards China. Half of the video emphasizes the extent to which their economy is suffering and the minimal prospects for its recovery. The second half focuses on strategies to eliminate any potential market competition, ensuring that they remain unable to regain stability. Merely a decade ago, we were content with China serving as Santa's workshop, paying little attention to their well-being as long as we received affordable products conveniently delivered to our doorsteps.
Misinformation…. Sad….