"Chinese Modernization" = modernization of the Chinese socio-economy for socialist objectives. But it seems there is nothing for Western neoliberalists, thus for them, nothing much is going on, no “reforms” ... old samo samo … “nothing to see here” ... “Hegemon hysteria aside, the fact is the Chinese economy will grow by a whopping $1.7 trillion only in 2024. That is more than in all but the last three years - because of the Covid effect. And Beijing borrowed exactly zero yuan for this growth. The U.S. economy, by comparison, may grow by $300 billion in 2024; but Washington had to borrow $3.3 trillion for that to happen" (P Escobar).
You realize China has massive deficit and debt problems right? "Beijing" maybe didn't borrow - but the local governments are facing crushing debt and cutting back social services
It is such a pleasure to listen to an English program involved by Mr. Guoguang Wu, I listened to almost all of his programs in Chinese.
Mr. Wu is so amazingly talented
This is the most upbeat analysis of the 3rd Plenum I have listened to so far.
It feels like we're just scratching the surface of what's possible as AI becomes more sophisticated and accessible.
看到李琪博士参与，很高兴。
Mind-blowing discussion
"Chinese Modernization" = modernization of the Chinese socio-economy for socialist objectives.
But it seems there is nothing for Western neoliberalists, thus for them, nothing much is going on, no “reforms” ... old samo samo … “nothing to see here” ...
“Hegemon hysteria aside, the fact is the Chinese economy will grow by a whopping $1.7 trillion only in 2024. That is more than in all but the last three years - because of the Covid effect.
And Beijing borrowed exactly zero yuan for this growth. The U.S. economy, by comparison, may grow by $300 billion in 2024; but Washington had to borrow $3.3 trillion for that to happen" (P Escobar).
Beijing has borrowed a lot. About half of Chinese growth is debt driven. Someone estimated about 7 yuan to create 1 yuan growth
... if Im not wrong, debt not foreign debt.
@@gariochsionnach2608 your not wrong. Only about 10% foreign
You realize China has massive deficit and debt problems right? "Beijing" maybe didn't borrow - but the local governments are facing crushing debt and cutting back social services
@@gariochsionnach2608 Japan also didn't have a lot of foreign debt - it was all local. Look what happened to them
Translations of Chinese government documents is just 70 % accurate at best. No wonder collapse of China analysis has been wrong for decades.😂😂😂
Foolish comment