Chinese property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the 2019 pre-pandemic level. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
Two 2024 Nobel Prize Economy winners predicted correctly 10 years ago the *inevitable downfall* of the Chinese 🇨🇳 economy in a book titled "Why Nations Fail." - The downfall is attributed to its *political system,* not its leadership.
Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the 2019 pre-pandemic level.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
Two 2024 Nobel Prize Economy winners predicted correctly 10 years ago the *inevitable downfall* of the Chinese 🇨🇳 economy in a book titled "Why Nations Fail."
- The downfall is attributed to its *political system,* not its leadership.
1:11:51 andy Xie
Hi! How do you improve the quality of your videos as your channel grows? 🧡💖
Shery's English is stilted and makes for an excruciating listen.
can we get new anchors? this is like dumb and dumber