A Simple Explanation of China's Debt Crisis
ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- WAZZUP BEIJING does a deep dive this week on a week of generally terrible news out of China's markets WITH THE IMPORTANT NOTE that the country is nowhere near anything resembling a "collapse" lmao. Enjoy?
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Edited by Rez | / rezandchill
0:00 WAZZUP BEIJING
0:26 China in the 90s
01:58 How to write a headline about China
04:01 A disastrous week
04:50 Real Estate Crisis
06:26 Too much Debt
07:42 Zhang Wei
12:51 Stock Market
13:20 Shadow Banks
16:20 Consumers don't spend their money
17:05 Weak Currency
17:32 Population decline
18:30 Youth unemployment crisis
20:10 Why Chinas problems keep getting worse
27:30 Chinas plan for the future
30:03 Is China going to collapse?
FULL VOD: • A Deep Dive into China...
#atrioc #wazzupbeijing #china
THUMBNAIL IMAGE FROM THE ECONOMIST (edited)
It’s great to see a creator tackle interesting news out of China in a nuanced way - But at what cost?
I like to watch this original and unique content every week - but at what cost?
I am struggling with having to wait another full week for his next update on China
at the cost of social credit score 😂
Some are worried about how fast his video is growing!
32 minutes and 4 seconds of entertainment 😢
Missed opportunity to title this "China Struggles, But at What Cost?"
LMAO
Like to petetion the tittle to change to ‘China Struggles, But at What Cost’
@@atriocchange it now!
No joke, recently the young people have been told to "eat bitterness" and endure the coming financial hardships without being depressed and flying flat.
China struggles...but at what cost?
I literally just made a comment that said that. Damn, might as well delete it cause people will think I stole it plus it’s no fun if everyone is making the same joke
Edit// Actually, decided to just flip it around
If pre-ordering a game is bad, pre-ordering a house is even worse
but what if you get extra bonus content in the house? like a free Keurig or something
My goodness, it’s like if EA went into Real Estate
@@thenightjackal8876but at what cost?
It's pretty common in other countries as well tbh.
that’s how it is for any brand new neighborhood/apartment getting built. except at least in the states there’s ways to get your money back
You know if the US just stopped publishing data during each recession then we'd never have recessions
big brain
“Well we have so many cases of COVID because we’re doing so many tests”
@greetingsmars announcing you're in a recession directly makes the recession worse. You have to do it anyways because we're not China.
We kind of already do that. Recessions by definition require 2 quarters of GDP data, so we don't end up calling a recession until it's well under way.
the lack of published data is absolutely increasing the rate of hoe-scaring
i can’t wait to regurgitate all these facts to my friends and family and act like i’m smart
Information Centipede
I watched the vod before this video came out so I could do this lol
i always see comments like this and it’s funny because you are literally learning
you are getting smarter!
Yup
It's the american way!
I am an econ major and every week we do a discussion on current events and i am going to recite this video verbatim
Let’s us know how many other Atrioc viewers are in your class
the econ major meta lol
So you havent learned shit
Hey there fellow econ major from our weekly discussions, for our confidentiality I won't mention your name or our group's name either but I'll look forward to this :)
Watch out for me as I might *accidently* call you out while you're talking c:
i almost double majored in econ and i would highly recommend either getting yourself a double major or switching
The "cracking down on grief" part reminded me of something one of my old philosophy profs said once: "If there's one upside to living in a dictatorship, it's that the news is always great!"
So true. If Biden controlled the media, his approval rating would be at 60% atleast
This deadass sounds like something they'd put as a tech/civic soundbite in Civ
Its like the old Soviet joke.
American: How are things going for ya'll?
Russian: Cant complain
The Brits had that down too : "Beatings will continue until morale improves"
@@vincentfegley6068 IM DEAD 💀💀💀
This is honestly something I missed when Atrioc took his break, watching his content makes me smarter because he is teaching serious and important things through entertaining content. I’ve missed this Big A, Thank You
Same here. I was obviously pretty happy when he came back but this vid made me approximate it the most
@@UhOhTheStoveIsOn it made you approximate it huh
seems like you need to watch more atrioc vids lol
Yeah, hes been recommending a lot of books on stream too and its bice because i feel like im not totally wasting my time watching content
But at what cost?
what books btw?@@chadpubgm
The split second before Xi said "wazzup", I felt a cold chill 🥶. Brandon "Coffee Cow" Ewing never fails to deliver. 🙏☕️🐄
but at what cost?
@@spoperty4940biglizzy A struggles
Xi said " 我在北京” meaning "I'm in Beijing"
@@laughforafricavideos393 Fake news by the American government /j
It’s so unique to find a creator who can say “Xi Jinping is scaring the hoes” and not feel like they’re patronizing the zoomer audience, while intending it as a way to patronize the zoomer audience. Love the content bro
this has been the most comprehensive look into Chinese economics and politics i've seen in years
but at what cost?
@@RyBrownthe hoes 😔
@@RyBrown a real struggle
Yes, my thoughts exactly. I've seen the same information but as piecemeal tidbits spread across different episodes on different channels over different times during the past two years. Atrioc basically laid out ALL of it in 30 minutes.
@@blindfire3167?
This might have been Atrioc’s best marketing Monday to date, my man keeps on pumping out this quality content you can’t find anywhere else
Never taking a marketing monday for granted again...😅
Why?
@@imaboisir7227
Booty warriors.
@@imaboisir7227 coz xijinping is gonna be coming for him now
Elaborate?
As a mega brain who can see the future this is a certified classic
It is already
As a proud chinese citizen I can say the Xi Jinping is a authoritarian and had the chinese media cover up th
Me brain small who can think past good! This video new! Didnt was here. Thank
putting in my megabrain thoughts here but with Chinese AND American companies starting to invest more in mexico’s workforce i think we could have a little east germany/west germany situation on our hands.
Obviously im not the most informed on whats going on, but its food for thought, atleast for me
I have struggled to understand economics or know where to start learning. It often feels dry & intentionally confusing. Randomly got recommended your channel & I feel like I’ve learned so much. It’s so accessible & interestingly presented.
Thank you for breaking shit down so well; you have the vibes of great history professor & I think that’s what is making the difference- you add so much context.
You have really inspired me Atrioc. You have given me passion to pursue Business, journalism, and a leadership role. I seriously take these videos seriously and have given me a base to expand with. I am immensely grateful for you returning and showing the better of yourself. Thank you
Wholesome comment
Wazzup Beijing is gonna become more popular than Marketing Monday
I’m half Chinese and made friends in China when I spent a summer interning there. Whenever I see news like this, I feel the urge to reach out to them. But I’m also always afraid they’ll say something that would get flagged by the great firewall and get us both in trouble. I do hope things gets better for them
Nah just reach out to them, my mom currently lives in China and I call her every week and we talk shit that would make Xi's head spin, and nothing ever happened. In fact I spent a week in Beijing last May and am planning on going back again this October
They all use VPN there anyways
If they use VPNs so you can reach them, they'll be fine. I'm sure they'd love to hear from you.
How could it get you in trouble?
@@wnagato1731 Nice try Xi, we not gonna fall for the bait
As a Chinese viewer these well put together and nuanced videos on the country are really awesome. Keep up the good work :)
But at what cost, man?
@@jamesboulger8705 Anton-ui8mz struggles to find out :).
I love just how allergic Xi Jinping is to any kind of humility to the point his country is way worse off economically because of it
It always happens to dictators and authoritarians. Sooner or later, they start drinking their own koolaid and believing in their own hype. Unless if you're Trump, in which case, you start off that way XD.
He doesn't care about the country, he literally only cares about having ultimate power and subjugating billions of people under him. He couldn't care less if the entire nation implodes as long as he's the guy on top.
he acts like kim jong un
@@Vysair Pretty much, yeah
Right, China would be better off getting the opinion of 12 years old in the internet that never even been to China about how they should run their country, that's the only logical solution.
My favourite part about the China collapse videos is that it's been running for a whole year, and they keep saying it'll collapse in 20 days, and when it inevitably not collapse, they'll restart the counter to another 20 odd days, then the people gooning for China's collapse conveniently forgets about the previous wrong prediction
fr
THEY CANT KEEP GETTING AWAY WITH THIS
to the both of them
“Gooning for China’s collapse” is a phrase I never thought I’d see or know the context of
I didn't belive it but there really are nice new buildings that is built to no where . Especially in poor ass west China. Its cool to see how big China is but its creepy to see how much shit just isn't used . I wish America had what China wasted money on
Nice job copying Atrioc
Atrioc never fails to clap our cheeks when he uploads
Atrioc is yumi now?
👏👏👏👏 (emojis referring to sexual intercourse)
What?
...but at what cost?
Who’s our???
I have never felt more well informed. I hope you expand these series to a ton of current events. You do an incredible job explaining in depth and with nuance.
Amazing video. I love these well researched, well thought out deep dives.
We do not deserve a whole separate video of "Whats up Beijing"! We are truly blessed.
I'll add to the crowd and say these kinds of videos are a big reason why I love your channel so much. Keep them coming!
Big A I’ve missed you so much and I’m so glad you’re back man. Thank you so much for the amazing quality of videos for us!
The way you make the videoes are so entertaining! Its actually crazy good how you make it. Its very interesting, straight to the point, relevant, orginal, different from others, and funny. Noone has the ability to make things like you do. You should definert keep up with this program, and do more of economy videos. This is way better than anything else I have seen. Spot on!
Watching the stream is like reading the manga. Still gonna watch both though for that crisp editing
Agreed, also to boost the video cause it was a phenomenal stream
I think this might be the video that gets me to start sharing these with my friends.
I cant wait for the next episode - this is such an amazing concept hope the next episodes will be just as good
This is incredible content, complex issues made digestible and understandable. Well done Big A, this is the stuff I missed the most glad it’s back
I’m so happy to see the first and last installment of my favorite TH-cam series Wuzzup Beijing!!!
I think it's crazy that my best source of in-depth, nuanced news about the Chinese economy comes from the same guy who showed me how to speed-run Hitman with a muffin
i actually cant say how much i appreciate these uploads coming back, I have literally not missed a single atrioc video since i found you 2-3 years ago, and honestly i genuinly learn stuff from these videos while having a good time, and have even found myself doing my own research on some of these topics when i have the free time, thanks lord grustler🙏
This stream has been one of the most interesting ones for me, well researched, giving further perspective on it with your knowledge of past historical/economical developments and you're just a good presenter overall!
Big A I really do love the more fact driven commentary on economics after the Covid bubble and u really hope y keep it up!!❤❤
Legit the best coverage on this issue
And it's free
But at what cost?
*FREE!?*
Just a random video on my homepage, but that Headline part was enough to follow you. Keep up the work!
This was a great and informative video. I learned so much. Thanks big A and editor
This video is incredibly well done!
in elementary school i had a friend named jazz and when i touched his jeans he would give me all the sweetest candies
Man, I love the educational content. Really missed it. Good shit Glizzy Man.
super informative video while also very entertaining! Great editing also! Thanks
Fantastic vid, very easy to see the effort you put into them. Can’t wait for more. Great editing too the editors don’t get enough love even for vids like this
I truly cannot describe how happy I was to see this 30 minute banger come across my feed. Atrioc is back and it feels so good!!! So glad he shifted what's up beijing into a much bigger segment as it's so important for us to be educated about world topics one specifically being China. Big A does a great job making this stereotypically bland information very entertaining and educational at the same time! Goated with the sauce truly.
I just subscribed.
This was an amazingly informative video, so glad you're back.
I missed these types of vids. Glad you’re back Big A
Atrioc, loving the content. I have to clarify what they mean by "Cash pool". This is an insurance term and it does share characteristics with Ponzi schemes. Ponzi schemes were created off of the system. The system itself is not a scam, though, and it is how insurance carriers lower their cost by spreading risk over many assets. The same thing is done with retirement accounts, for example. Annuities such as Social Security are an example of a "cash pool". When invested in different tranches of risk you can achieve higher than average market returns quite reliably. This is how Hedge Funds work in the most basic sense. Cheers!
I love your Wazzup Beijing sections, I wonder if you could ever do an interview or some sort of content with Winston Sterzel or Matthew Tye. They have an incredible knowledge of China and are both on the pulse of almost everything going on over there, I used to binge their content on the ADVChina channel before they both had to flee the country a few years ago.
i’ve been waiting for another wazzup beijing video. thanks atrioc :)
Awesome video, look forward to this being a new weekly series! :)
thank you for making these videos atrioc, I really appreciate it and it’s great to have a comedic and informative show that’s not all doom and gloom like regular legacy media
wow this not only affected the housing market on China by the way, but also here in Indonesia with chinese developer/investor housing project
I also have this problem, I just paid a ten thousands dollars of down payment, and currently paying off mortgage to the bank for a house here, but left with nothing. The developers just stopped construction for all the houses, currently me and hundreds of consumers are pursuing legal action
What an excellent video! You did your homework well! All these graphs and videos! Instant sub 🙂
I’m so so happy you’re back man!
God, Atrioc rules. Actual unbiased news.
I wish he went into the damages caused by the CCP during the last two storms tho.
I love these economic educational videos Atrioc does (I sound like a robot there but I dunno how else to phrase it)
The best glarketing monday yet! I've missed these soo much
Such an insightful video. Keep it up Big A
Genuinely a well researched and executed video that I found extremely helpful to understand Chinas current standing. Please keep this segment coming!!
great rundown this time. I've seen the argument that its a great chance for them to build out a world-class healthcare system. This would give their educated youths work, and would reassure consumers that they won't die old and alone, all while being a form of stimulus. And the central government *has* money to do this. But since this is a policy that would mostly make china a nicer country without really making them more powerful, I'm not sure Xi will go for it.
Local governments in China take the majority of their income in land sales instead of taxes (which mostly go to Beijing/central government). Which is why this real estate crash is also extremely devastating for government projects. Most regions absolutely do not have the money to do anything big. Rumors being that they've been strong arming local banks into giving loans to the regional governments to continue operations leading to further cash flow issues. Lots of reports on withdrawal issues, but official data is sparse and social media is regularly censored.
reassure consumers that they won't die old and alone lool.
Considering factors like pollution, gutter oil, and so on, the demand for healthcare system for sure is there. However it may be more cost efficient in the long term to address some of those issues even.
@@user-jy8zb2wc8l perhaps and that's worth pursuing but with an aging population they'll need healthcare anyway. And efforts to stop air pollution won't create loads of jobs for young people.
Actually a sick video, really educational and interesting. Keep it up dude
Love the new types of thumbnails big a, definitely interesting
Thanks Big A for wazzup bejing wednesday, being uploaded on a marketing monday truly an insane crossover - but at what cost?
Bro I just wanna thank you, because you make it so interesting and keep it honest. I really like that and I haven’t come across any kind of channel similar to this kind of content. If anyone has any recommendations to similar content please comment below I would love to watch more similar things, and I think other people would to.
This is a fantastic analysis and digestible breakdown of the current China situation. Thank you for these videos and please do not stop!
Dude the algorithm is doing its job, you popped up on my recommended with a fast and furious vid. Got me hooked I thought I was the only one who noticed it went from need for speed to GTA V online. I’m starting to binge all of your videos.
My favorite segment, has now become a whole episode. Bing Qi Ling with WAZZUP BEIJING.
You are in a better mood when you talk about people struggeling, than I am at my best.
I wish I could learn how you do it.
It's just a personality & world outlook difference, don't beat yourself up about it.
Everyone's baseline energy & happiness levels are different
Sadism 😂
watched the vod, was very interesting
Fantastically nuanced and researched video, super entertaining
Heart breaking. Wazzup to all the families that will suffer from this to no fault of their own
I guess it's also bad timing on the youth unemployment, because if the job market was stronger in other countries it might be possible for them to gain already university educated youngsters to fill positions
Unironically Africa is looking like a fantastic job market for new Chinese graduates, and those that took the leap are saying so in their social media. Spending a few years in Africa making money while your living expenses are covered by the company in a one of the few countries that still have a positive view of China sounds pretty good compared to the domestic job market which has turned incredibly competitive while lowering pay.
@@kitolz You need to understand that the US has always been the aggressor and the playground bully for most of its existence, but moreso in the last few decades, *especially* considering the global south. Where I am, in NL, we understand America's contribution to NATO despise all of America's batshit capitalist policies. Your "liberals" parade as the bastion of hope and humanity for the underprivileged while espousing corrupt, exploitative capitalism that aims to pillage the global South and gladly uphold the status quo. China is no better considering their capitalism, but their policies and contracts with African countries have actually changed my mind, because unlike your bog-standard American raping and policing via the IMF, China's has tangible benefits.
I started by stumbling across you playing some monkey ball game a few days ago, then I sorted by popular and binged you’re Hitman videos, then some shark tank talk - now apparently I’m to the geopolitical section of the channel? I don’t know what this channel is or where the next video will take me, but I know I’m thankful for the algorithm and you!
This was such a great video!
I'd love to see a segment like this on India.
Already finished this video in 2000x speed its a certified classic
you sir have earned a new sub, keep up the good work. see you next week!
Love these videos, keep them coming i beg 🙏🙏🙏
My absolute favorite dose of existential dread about the global economy and state of affairs
Wazzup Bejing!
I just found your channel and im loving all these videos omg
this is some of the best content i’ve seen on china well done great video
I love wazzup bejing. It is the only thing that brings me happiness in my life
This is a certified Atrioc classic
This was such a good explainer video.
Really great video big a
Bro uploads a hitman challange and then casually drops an intense current analysis of China's economy 1 video after. What a beast
So unreal we get great content like this for free
Absolutely incredible video, very interesting
banging video 🙌🙌
CHINA IS JOEVER(FOR REAL THIS TIME) part 4569
Great video. Liked the part about China
me too
Great video, thank you
Picked the best parts as usual
The at what cost is honestly accurate given that many of the good things may not be actually good for the people, as a chinese person, I am always skeptical about the things they do cause it always ends up with more problems.
This doesn't even mention the tofu dreg construction, which is causing the newly built houses and apartments to just crumble apart, the volleyball gym roof collapse is a prime example of that. Basically because so many people pre-ordered a house, the real estate companies decided to just spam building houses as fast as inhumanly possible, at the cost of the integrity of the buildings. It's so insane that the recent houses, those within 10 or so years, are actually collapsing faster than the houses built 20 or 30 years ago.
Great video atrioc
So happy this video was made. In-depth Marketing Mondays are always the best