Can China still become the world’s largest economy? | Business Beyond
China managed the fastest sustained growth of any major economy ever recorded - catapulting it to second place behind the United States.
But today, its GDP growth is at near-historic lows. For the first time in two decades, its output fell behind that of the rest of Asia. Analysts believe that even the end of Zero Covid won’t signal the revival of Chinese economic growth as we know it.
In this video, we look at the economic headwinds the country is facing - and what they mean for Beijing’s race to becoming the world’s biggest economy.
Chapters
00:00 Introduction
02:00 Economy today & Zero Covid
03:31 History of economic rise
05:50 Mountain of Debt
11:15 Lack of Consumption
14:14 Demographic Change
17:55 International threats
21:42 Conclusion
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#china #economy #boom
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As a foreigner who lived through the entire duration of zero covid for the past 3 years in China, this is by far the most objective commentary I’ve seen on KZread to date. Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said Tuesday that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy now or put on a watchlist
@hermanramos7092
10 ай бұрын
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
@martingiavarini
10 ай бұрын
A 2020 Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.
@bob.weaver72
10 ай бұрын
Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time. I basically was just following the steps and guideline from my financial advisor. as long as you've professional help, you're good to go
@hermanramos7092
10 ай бұрын
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
@bob.weaver72
10 ай бұрын
Well i won't say i have...Her name is ‘Catherine Morrison Evans’ can't divulge much. Most likely, the internet should have her basic info, you can research if you like
My growth of 401k is 2.74% in the past year. In this environment does investing under a brokerage with a custodian outperform a 401k? should I seek a pro to grow my funds on brokerage acct or still hold? I have 5 years to retirement. Happy to discuss.
@AanyaDarika_
9 ай бұрын
Mine was 8.16%, I used to dca into etfs but I reconsidered the strategy since I am still way behind after the massive downturn since Jan last year
@AnkurYo
9 ай бұрын
Be careful not to be lured into the market too soon, this current situation has really opened my eyes to the importance of a good mentor on KZread or elsewhere knowing what he/she is doing .
@benalfredo
9 ай бұрын
the size of your retirement portfolio will overwhelmingly be a function of the performance of the stock and bond markets between now and when you start withdrawing from it.
@Muller_Andr
9 ай бұрын
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager for awhile now netted 370thousand this downturn, made it clear there's more to the markets than we average ones know
@Javier_Rodri
9 ай бұрын
@@Muller_Andr who is this manager you use? I lost over 50000 already this year on Vanguard. Im in need of guidance from a financial-planner going forward.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
@chris-pj7rk
Жыл бұрын
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
@stephaniestella213
Жыл бұрын
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
@johnlennon232
Жыл бұрын
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@kimyoung8414
Жыл бұрын
@@johnlennon232 Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@kimyoung8414
Жыл бұрын
@@johnlennon232 I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.Thanks
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
@lipglosskitten2610
11 ай бұрын
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
@hermanramos7092
11 ай бұрын
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
@Oly_laura
11 ай бұрын
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@lipglosskitten2610
11 ай бұрын
@@Oly_laura How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@Oly_laura
11 ай бұрын
@@lipglosskitten2610 'Catherine Morrison Evans’ is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, look - her up .
Thanks mate for all the fantastic reporting and interviews what an education I am getting) never to old to learn even at 63 years!:)
@michelemarini8740
7 ай бұрын
Banks exist for a reason, and if eliminated, would just spring up again because they are useful and needed. Cryptocurrencies will never change that, and it’s not clear to me why anyone ever thought they would.
@carlosgil5024
7 ай бұрын
Are you sure "fun facts" are allowed to be true? I thought there was a rule as so many "fun facts" are, should you check them out, not facts at all.
@jojiemiana3034
7 ай бұрын
I'm looking for how to contact Mr Tyler on venture into on a short term basis, I have about 6.3 btc sitting in my savings, what do you think I should be buying?
@cadenboucher9741
7 ай бұрын
He is correct
@rio1914
7 ай бұрын
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works by Mr Tyler forex, so search on any social media in which you have at the moment.
We can't really tell what will follow until after the inflation result comes in this February. Meanwhile, historical data have proven time and time again that stocks will always outperform bonds in the long run, so I'm sticking out my guns and I'm remaining in the market. I just need to pick out quality stocks, and I'm good to go. The problem is how to find them.
@alexyoung3126
Жыл бұрын
The one effective technique I use is staying in touch with a financial coach for guidance. It might sound basic or generic, but getting in touch with a financial advisor was how I was able to outperform the market during the pandemic and raised a profit of roughly $170k within 3 months of investing.
@joesphcu8975
Жыл бұрын
I completely agree, which is why I prefer to delegate daily decision-making to an investing coach. It is difficult for them to underperform given their specialised knowledge and research, as well as the fact that every one of their abilities is geared toward utilising risk for its asymmetrical potential, and mitigating it as a buffer against certain bad turns. I've been working with an investment coach for over two years, and have made over a quarter million dollars.
@kimyoung8414
Жыл бұрын
@@joesphcu8975 My port-folio has been performing really poorly lately. I'm looking to change my strategy and use a coach. Can I possibly get in contact with your coach?
@joesphcu8975
Жыл бұрын
Her name is Eileen Ruth Sparks. You could look her up and contact her yourself, if you want. She was a former Merrill Lynch analyst. That was how I got to know her.
@kimyoung8414
Жыл бұрын
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Most successful people always seek the ideas and experience of financial professionals that help tackle issues on wealth management and growth but claim to attain their success alone. To attain financial growth, you need a high degree of knowledge and experience from a professional to make your goals a reality. Mrs Keleen Marion saw me through my success
@Tingting4306
Жыл бұрын
She knows her way around the crypto world .. she has been helping me increasing my portfolios everyday over a month now.
@shawnkhatun9744
Жыл бұрын
@Juzteez 👆👆👆
@elenakelly4806
Жыл бұрын
Wow I'm just shocked you mentioned expert Mrs Marion , thought I'm the only one trading with her
The current issue facing the United States is that they have lost their industrial foundation and just have guns and overprinted money to trade. I'm happy that before I deemed them bad investments, I sold off the majority of my important assets on the financial market at a premium price. The American economy is currently struggling as a result of their poor assessment of China.
@mvanwie
Жыл бұрын
@@Aaravpatel61519_ I kinda disagree to selling too. Yes, a lot of business would take a loss due to the recession or maybe depression around the corner but After every downturn comes a boom. Also this is why financial planning is important. Business who have planned forehand would thrive despite. Take myself, I’ve been able to accumulate close to a 20% increase on roi this bear season following guides from • Yvonne Annette Lively. Basically, to the best of what I understand, it’s more about knowing when to get in and get out.
@Gregfreemann
Жыл бұрын
@@mvanwie yvonne annette lively? Can we look her up?
@hueymorello5115
Жыл бұрын
@@Gregfreemann I sure did. Pretty detailed but quite pricy
@philipb2134
Жыл бұрын
You might be picking winners and losers according to your preferred or paid exaggerations. US industrial production has been rather robust in 2022.
@patrickt49
Жыл бұрын
Everything hinges on the American economy. China is where it is because of foreign investment. As they agitate the world, this will become an issue as companies move to countries like Vietnam or India to continue production. There's a reason why having China in your investment portfolio is considered risky. It's because growth is volatile. It's not guaranteed.
I don't understand almost every single economy is "slowing down" why do they expect China to be different?
@budgetking2591
Жыл бұрын
Because China economy was never slowing down before in recent history, thats the difference, it's not that hard to understand.......
@advancetotabletop5328
Жыл бұрын
There’s a difference between “slowing down” and “crashing into a wall” not that I wished the USA started raising interest rates two years earlier (and not have QE in the first place).
@falsch4761
Жыл бұрын
@@budgetking2591 You are wrong, Gordon Chang and Peter Zeihan said China collapsed 20 years ago. And continue to collapse every day. Graham Stephan famous youtuber said CHina now has collapse and chaos in the street. How that is hard to understand !! You need to study more
@GoGoPooerRangers
Жыл бұрын
@@falsch4761 don't be ridiculous. Everyone around the world would suffer if that happened, there is a difference between total collapse and stagnation. China will be facing the latter just like Japan. Just hyperbolic nonsense.
@cinpeace353
Жыл бұрын
@@falsch4761 and you still believing them after they failed telling the truth for so many years. 🤣🤣
It’s like watching a Peter Zeihan presentation about a year too late 😂
@kwesikwansakennedy2196
Жыл бұрын
I know right And I thought Zeihan was too pessimistic 😂😂
@landslordmukhabela6122
Жыл бұрын
Its like sending aid after annexation😇😂
@ModerateObserver
Жыл бұрын
But more objective and less of a hot take i.e. fewer eye-rolls and no 'China is going to collapse by 2030' rhetoric
@silveriver9
Жыл бұрын
Just another China-bashing report by "China-Experts" that will be proven wrong 😂
@jordie4423
Жыл бұрын
It’s better for the world to contain China. Not because Chinese people are bad but it’s totalitarian system is a great danger for the western way of living. They present totalitarianism as an alternative for the liberal world
These economic "experts" featured are a funny bunch 1) debt in China is in RMB, ie their own currency 2) The question of China surpassing the US is a structural question, NOT one about growth rates, China can have 10% growth rate overnight, if it loosen the properties sector So it's not about growth rate, it's about getting rid of low end manufacturing, raising wages in the services sector, because in services sector, wages are determined by the wealth of customer, not worker efficiency. 3) China will also need to internationalize the RMB more, so that China's debt can become the world's debt, just like what the EU and the US does With all 3 steps, and a steady population of more than EU+US+Japan+Australia, China can and will surpass the US in economic size.
@boardjk3595
Жыл бұрын
agree with you. Properties sector is a big problem is cn now.But the gov is trying to solve it, let's see what will happen
So what, it is still a mighty land, with a unique and utmost significant culture
Thanks for the Chapters !!
This never gets talked about. China was offered the current Western developed vaccines at the time but refused them. As a direct consequence, more people in China were infected and more died and the lock downs lasted that much longer. China's Nationalism made the pandemic worse than it had to be. It's a self-inflicted wound.
@aslampervez2294
Жыл бұрын
Lol
@jjjkkshen2836
Жыл бұрын
As far as i know,the death number is far behind of USA. While the population is times of USA. I appreciate the care from you guys,even one person in China died causes huge sensation,but no one cares even 1m died in USA.
@prakorngirodkunkid7877
Жыл бұрын
That is not true. China lockdown longer time to wait for Covid less less dangerous they just stop lockdown so China has 2%.
@jpa5038
Жыл бұрын
@Wiegraf based on the numbers the CCP releases? if you believe that nonsense I'd also recommend investing in some Trump NFTs.
@jpa5038
Жыл бұрын
@@jjjkkshen2836 CCP numbers are a lie.
To be honest, there is not that large inventive to pursue a high growth rate for China now, especially due to the de-coupling and cold war with US. They don't need that much trade surplus (USD) from US as United States tries to completely cut the technology connection with China. To have a more independent and sustainable economic model, China does need to slow down the nominal growth rate and rebalance their internal resource. I don't think China really cares about being "the largest economy" at all.
@samgooi1905
Жыл бұрын
👍
@RadzHexz
Жыл бұрын
Bot
@ftye2790
Жыл бұрын
That's the point. If wo compare the stratege of China and USA, we will find china's major concern is how to develop itslef and solve domestic problem . while USA is how to restrict the second place country.
@Panther-li5ft
Жыл бұрын
Come in Albania 🇦🇱🇨🇳😁🕊️💗😁🕊️💗
@arreydharma5784
Жыл бұрын
Agree. They focused to develop themselves, while west is busy putting their nose to everybodys business
Well I live in a China and China has proven many countries wrong over and over again. So I wouldn’t be fast to declare they won’t 😅. I’ll check this comment after a couple of years after and let’s see then. And to be honest maybe it’s time for another country to rise ?
@captives6479
Жыл бұрын
This Western narrative is made for people living in their bubbles.
@whitebarackobama7999
Жыл бұрын
How's the virus situation there?
Most economists/experts won't be able to predict what will happen to the economy in the city/town they live in. But they confidently speak of a large country which has grown in an unprecedented way.
@bitboycryptochanne1
Жыл бұрын
For more information👆👆ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ɴᴏᴡ👍📝ᴛᴇʟᴇɢʀᴀ'ᴍ ʀɪɢʜᴛ ᴀᴡᴀʏ ✍️🤙
@Raymanujan
Жыл бұрын
Bingo!
@aoteman184
Жыл бұрын
The economists/experts may be good at analyse the macroscopic economy rather than a little town.
@ill_bred_demon9059
Жыл бұрын
Sometimes the big picture is easier to predict than a small section. A doctor could tell you that if a thousand women get pregnant the boy/girl breakdown will be somewhere between 480-520, but they can't tell you which women will get pregnant with which gender
@THEO-ou4dg
Жыл бұрын
Well yes predicting the future is very difficult. But economists can definitely Analyse problems very well, which is why this video is very informative
They were on track, but then there was Xi Jin Ping to stagnate the growth.
@jetli740
Жыл бұрын
how ignorance can you get?
@fraccozeta
Жыл бұрын
maybe
@lif6737
Жыл бұрын
@@jetli740 how ignorance get you?
@jetli740
Жыл бұрын
@@lif6737 ignorance already got hold of you 😂😂
@omarionbayley9721
Жыл бұрын
U need to blame the people too, for eating bats
Great reporting
Excellent video.. very informative. Thank you.
May I ask, at present time if not China, who else, US, UK, EU or India? Who has the complete supply chains, efficient workforce and sound infrastructure linking the whole country.
@jimchang231
Жыл бұрын
These so called economists did not speak based on fact but on their imagination.
@teogeorge2203
Жыл бұрын
@@jimchang231 But sorry to say, they are always wrong and distorted facts if any.
@ratanshetty9870
Жыл бұрын
India ..an emerging super power
@leizhang1727
Жыл бұрын
India. The next super power in 22nd century 🎉
@preetkanwarsinghsuri
Жыл бұрын
@@ratanshetty9870 Not possible
amazing episode and great reporter! I love dw!
@jordie4423
Жыл бұрын
It’s better for the world to contain China. Not because Chinese people are bad but it’s totalitarian system is a great danger for the western way of living. They present totalitarianism as an alternative for the liberal world
Greeting. These seem to be a very interesting interview. Is there a longer version of it?
Basically , China most important challenges for coming years should be improvement of both labor and capital productivity growth and maintaining a proper export growth rate to cope with economic growth and development obstacles.
The real GDP of China peaked in 2014, and it's receding faster than my hairline.
@hughmungus2760
Жыл бұрын
lol. if you live in the US which hasn't seen any real improvements in standard of living except growth in digits on a screen for some billionaires since the 90s. then that might explain why you might think that, but no. The standard of living in china has tangibly improved since 2014. Almost every chinese person can tell you that.
High quality content , very insightful
VERY INFORMATIVE.
Excellent program!
knowledgeable content and video
China is not the only game in town. There are plenty of other countries on this planet to invest in and get a good ROI. Countries that are much more friendly to human rights and freedoms. Check with your investor ask for options when investing.
@fromfareast3070
Жыл бұрын
Well, the nature of investment doesnt really care about human right. They care about profit. They talk like they care, but they act exacly opposite, like union busting.
@ernestkhalimov1007
Жыл бұрын
Literally every country is in demographic decline bruh China is simply better
@ncs9753
Жыл бұрын
"Freedoms" lol. What does that even mean? One of my friend got cancelled from his job in US because he insisted that there are only 2 genders. So much for freedom of speech. In China or Russia or Iran or whatever US "enemy countries" he can totally proclaim "there are only 2 genders" in any company and he would never get cancelled because China actually respect freedom!
@anohneemel3403
11 ай бұрын
@@ernestkhalimov1007 Every to-the-moon especially NIO stock dropped like a rock. I've pulled every single cent out of it and put them into SP500 for now.
Well done, thanks.
Local government are legally not allowed to sell land, only lease it. The big question is what happens to the property when the lease ends and the land is returned to the local government. One would imagine that it would be used as a tax and people living there would need to pay to lease for another term inorder to not have their homes demolished. This would truly crash the Chinese real-estate market since this risk is not calculated into current prices.
@user-xs3ld9bk7s
10 ай бұрын
事實上,在中國大陸,所有七十年產權到期的房子將被拆除,而中國政府將建造一批新的房屋讓房屋被拆除的人民居住,這些房屋往往比以前的房屋面積更大,並且不需要這些人付錢,我說的這件事實際上已經有過實踐,我認為你不應該通過這些條例來臆想政府做出的行動究竟是什麼樣的,這導致你的評論不夠客觀🤔
Warning : w.u....mao bots in comments
@iggy5347
Жыл бұрын
Lots of bogan comments too
@humpydumpy2432
Жыл бұрын
Let us compare economic growth of India, China, America and Japan in the last 3 years: 1-INDIA🇮🇳 2020-21- 7.3% (contraction) 2021-22- 8.7% 2022- 23- 6.5% (approx) Average- 2.63% 2- CHINA🇨🇳 2020- 2.2% 2021- 8.4% 2022- 3% Average-4.53% 3- USA 🇺🇲 2020- -3.5% ( contraction) 2021- 5.7% 2022- 1.6% Average- 1.27% 4- JAPAN🇯🇵 2020- -4.5% ( Contraction) 2021- 1.7% 2022- 1.7% Average- -0.37% (contraction) Stop propoganda against China
16:49 "Demographic change is a long term phenomenon. So the Chinese government still has room to respond" I would argue the opposite. Population decline is build into the population structure already. Even if the fertile rate were to go up to 3 children per woman today, the population would still shrink, because there are few young women. Just showing a picture of the population urn would let people understand the situation much better, very easily.
@thomasherrin6798
Жыл бұрын
Yes it's a bit trickier because the Mother of child bearing age might be looking after the parents/ grandparents as well as trying to bring up the proposed 3 children and part time working, that's why their birth rate is only 1.14 in the first place!?!
@snslifestyleorg
Жыл бұрын
Clearly you're ignorant that there are millions of young women in neighboring countries who marry Chinese men.
@shamimkhan9026
Жыл бұрын
Bro they have 1.4b people. Billions not millions!! Now they also have Hongkong. If they get Taiwan who will stop them lol
@sonneh86
Жыл бұрын
@@shamimkhan9026 they will never get Taiwan. Just like with Ukraine people fighting for Freedom will always prevail
@isaacisaac2380
Жыл бұрын
@sonneh; Reunification is inevitable. Peaceful or bloody is the question.
Great video
Great analysis information about the economy
China needs USA 🇺🇸 consumers
@victorye7150
Жыл бұрын
The US needs China too.
@ernestkhalimov1007
Жыл бұрын
Yes and no. Since China has been growing it's consumer base across Asia Africa and Eastern Europe and generating employment across the board to end the US share of it's export market.
@daxtynminn3415
Жыл бұрын
@@ernestkhalimov1007 China can't replace a US sized market. Even Europe can't.
@ernestkhalimov1007
Жыл бұрын
@@daxtynminn3415 Europe can't because the US subverts them from doing so and plus European leaders are subservient to Washington and obey it's command. Same for Japan who was much closer but was destroyed by the US fabricated Plaza Accords that sent their economy down the drain and destroyed their potential but only because Japanese leadership and business are also subservient to Washington. China is an entirely different case because the master and servant dynamic doesn't exist between the US and China. Plus China is building it's consumer base across Africa and Eurasia where the vast majority of the world lives.
@daxtynminn3415
Жыл бұрын
@@ernestkhalimov1007 I don’t think you understand. African and Asian countries are still very poor and can’t buy up Chinese exports the way the US and Europe can. Also, the master and servant dynamic existed between America and China until about 2018. The Chinese know who holds the most cards in the relationship.
I guess China don't care number 1 or 2. Only hope that it citizen live well.
@johnnytsang2047
Жыл бұрын
Well said 👏👏🇨🇳
@samg.5165
Жыл бұрын
That's a naive viewpoint. Setting nationalistic pride aside, there are plenty of instances in which being number one, two or even ten means being able to provide security, opportunities or a higher quality of life for your citizens. Take Taiwan for example; if China was powerful enough to easily seize its industries and take over the South-East Asian shipping routes, the mainland would be considerably wealthier for it. But since the US is currently the stronger power, they're the ones reaping the benefits. Naturally, China is eyeing the region ever more intensely. Don't fool yourself. China is as ambitious as any other great power.
@samg.5165
Жыл бұрын
@张子嘉 Indeed. But Taiwan and the West have made their own choice.
@user-kf9lv6cg5b
11 ай бұрын
Me, too hope you guys have happy lifes
As a Chinese , I rember our country has callapsed for 5 times at least in western media , we will continue to collapse until we buy this kind of media.
Very good article
German news just realizing what American geopolitical analyst have been mentioning for almost a decade now. China without the US is nothing. No surprise why Germany is in such a hurry now to catching up with the Americans I'm terms of energy.
@falsch4761
Жыл бұрын
American always have the best analysist. Gordon Chang Already predicted China Collapse in 2000, KZreadr Graham Stephan in 30 days. American geo political analyst in Invading Vietnam, Iraq , Afghan are the best analyst out there. Such foresight only can be from American Analyst like yourself
@hughmungus2760
Жыл бұрын
american geopolitical experts have been getting china wrong since forever.
Yes
Nice video!
Interesting doc
Fantastic summation. Keep up the good work. And thank you for just excellent reporting.
@morganangel340
Жыл бұрын
a lot of COPIUM 😂😂😂
Marie Sina, well done. The episode was amazing to watch. DW’s team, congrats and thank you.
Thanks
Outstanding report. Danke DW!
The world’s largest economy is never built on cheap labour and the demographic change is the test for China if it could be the top one. It's like you can't be the top economy by selling mine or oil, the key factors are finance, military(tech) and international narrative.
@agatastaniak7459
Жыл бұрын
Hard to be the world largest economy without reinvesting the profits, upgrading technology and without strong internal market. World largest economies for example achieve higher productuvity of labour by combination of both more well -paid and less intense human labour and higher investment in automation and digitalization, whereas at the same time higher budget of free time of more well-paid people gives a boost to economy with more time and more opportunitities to spend on consumer goods and services related to hobbies or sports. So yes, without a healthy demography it's a switch that might be difficult to make for China and much easier to make for Africa as a continent or for India. It does take human potential.
@IndiaVirus-OriginofC0vid
Жыл бұрын
China too busy developing other nations when they need to focus at home... Same mistake as the US... smh.
@luistotoro
Жыл бұрын
Well... the USA literally became the largest economy on slave labour so I'm not so sure about that
@Sinkorswim1225
Жыл бұрын
Also the need for agriculture which isn't China's strong suit along with a shrinking population.
@lebohang8405
Жыл бұрын
Slavery and Global wars for resource exploitation built US economy. We now see that it is not sustainable
Very nice economic report 👍
@morganangel340
Жыл бұрын
yes... a lot of COPIUM 😂😂😂
作为一个中国人 我很惊讶你们可以看得这么准确而透彻 地方债 房地产企业债 高房价 高育儿成本 高养老风险 养老金制度脆弱且不公平(农村老人只有100元人名币的退休金 公务员平均是他们的八十倍以上) 等等问题 共同造就了严峻的人口问题 对于已经在执行的延迟退休我们只能接受 没有任何方法反对 当然 但相比中国 美国目前的情况更糟糕也更迫在眉睫 并且我也认同中国GDP如果像超过美国 现在只能靠美国经济崩溃了 主动超过基本不可能 最后羡慕你们可以自由的谈论政治
Great Documentary 👍
Excellent report!
As far as I can remember, the western media has been saying "China's economy is going to be destroyed" for at least two decades, but China has gradually changed from one of the poorest countries in the world to the world's largest economy. Success is same with failure. It's not happened suddenly, I believe that as long as people's belief and pursuit of success remain unchanged, things will develop in a good place, it doesn't matter which country you are from. So I believe that China will continue to grow, people should appreciate and seek good opportunities in it, it will be good for the whole world.
@Agathe.May...
Жыл бұрын
China was poor thanks to communism, it was a plague to this country and still is... we can only hope that Chinese will see it asap.
@ryanjackson1999
Жыл бұрын
as far as i remember (like 2006) western media was saying it was inevitable China would surpass the US economically. Its only the past few months the narrative has begun to shift at all
@good2goskee
Жыл бұрын
Their demographics are a NIGHTMARE. The ethos about buying China has not changed since the 80s. Hence, nobody seeks Chinese goods because they are the best brand, best quality, most innovative... nope. They buy Chinese products because they are cheap, that's it. This strategy can only be maintained for so long before internal pressures where domestics wanting higher wages and international pressures where tech in Western countries use tech to replace low-paid Chinese workers and places like Vietnam or Indonesia or India being more efficient and being cheaper with better geo-political relations with the West.
@NorCalMoDo
Жыл бұрын
@@good2goskee partially true
@gray8741236
Жыл бұрын
Actually, I don't remember a major media saying China's economy will be destroyed in the last two decades.
DW News could cover the world's major economies the way it has on this Business Beyond episode. I loved it.
Incredible, video. Nice to see my lecturer Jue Wang in here as an expert.
DW and other Western media should equally be worried about its own economy. Efforts and focus are needed to solve their own problems rather than dispensing their resources to speculate the fall of China.
@vincentinchoco5625
10 ай бұрын
Western economies are open book . You can see and read all over newspapers and business news. They are transparent, you can report without fear of retributions.
GDP per capita China is tied with Botswana Africa. China is a billion working poor. It's why my Honda Generator and Iphone was made in China.
@davidadebanjo1277
Жыл бұрын
What do you mean by ‘a billion poor’ ? You clearly don’t know anything about China
@Crashed131963
Жыл бұрын
@@davidadebanjo1277 You clearly do not know what GDP(Per Capita) means and how to look it up per country. It's why Iphones are made in China , because they work for $5 an hour.
The analysis is fairly comprehensive. The fact that a country with that many people can solve a lot of challenge that many countries cannot. The real challenge is how to overcome the red tapes and internal restrictions to make best use of talents it has. The future is far from certain.
Given the fact that the population of China is four to five times than that of US, the average GDP is merely 20% to 25% of the most western developed countries even China somehow takes over US (a lot of luck needed..) as the largest economy. It is still a developing country in any sense. The world needs developing countries, for instance to produce low-cost products. At the end, whether developed or developing is just relative and they will always exist simultaneously
@mdaniels6311
Жыл бұрын
True but bear in mind the is us extremely unequal meaning most of that money isn't actually experienced by most of the population. Thr bottom 50% of Americans haven't seen a pay rise since 1970.
@sandponics
Жыл бұрын
@@mdaniels6311 While to top 80% of Chinese have had massive pay rises since the 1970s, and the bottom 20% ain't doing too bad either.
@haha-eg8fj
Жыл бұрын
@@sandponics part-time salary at Starbucks in China is $2.5/ hour in Beijing. If you think that pay is good, think about how much does Starbucks pay in Washington D.C.?
@joem0088
Жыл бұрын
GDP comparison has little utlility. If you take China's top 10% earners their standard of living and wealth is comparable to the top 20% of the West. In tech the West is actually competiting with this top tier, not with all of China. And they are doing very well in all tech categories. Look at the independent Tech Tracker around. China leads in many categories too many to detail here.
@maverickcruise
Жыл бұрын
@@haha-eg8fj The cost of rice in China is less than 30c what is the cost of rice in US?
*You are such a blessing to this generation and have inspired me in many ways. I kindly ask; what’s your opinion on the best way to make money in 2023?*
@michelpierre3153
Жыл бұрын
@Esposito Marino I am very interested in investing and have kept aside a good amount for this purpose. I ask politely; what’s your advice to anyone who wish to invest?
@michelpierre3153
Жыл бұрын
@Esposito Marino My goal 2023 is to become financially stable and rich as well. I appreciate the kind replies and promise to reach out to Lucy Victoria Fernandez (the united base Financial adviser ).
The biggest threat in the short-medium term is not demographic decline or increased competition for manufacturing in SE Asia; it’s the massively overleveraged real estate sector, which itself underpins many other economic issues. How can China ever hope to become a more consumption-oriented economy and escape the middle income trap or expect families to have more children when the house price to income ratio is so absurdly high? In abandoning the 3 red lines policy, the CCP is creating a ticking time bomb and when that bubble bursts it spells the end of the China as we know it today.
@nesttea2239
Жыл бұрын
True, China has many ticking time bombs: loss of foreign investment, crashing housing economy, and a dwindling population. China showed their hand too soon, they should have waited another decade at least before their wolf warrior posturing. They are not powerful enough for wolf warrior to work effectively on all world powers.
@wenyichen5515
11 ай бұрын
That you can rest assured. From what we observe today, house prices are in a decline already, unfavored by authority who ordered that prices of them cannot fall. On these matters Chinese people know how to obey and endure. They can suffer a lot!😅
@danielcardin7506
9 ай бұрын
Easy fix. China can stop pretending that they have been holding RMB low against the USD and then print a bunch of them. Monetize all that debt. Dispossess lenders in favor of the profligate government and save the day. It's what they're planning anyway.
@pingzhang3387
8 ай бұрын
@@danielcardin7506中国不会大量印制人民币,这只会帮助美国摆脱它自身的泡沫问题,美国大量印发美元最终还是会反噬自身,只要美国收割不了国外的便宜资产,自身的泡沫就会比中国提前破灭
Economic investigator Frank G Melbourne Australia is still watching this very informative and interesting content cheers Frank
I would think the only way China can exceed all other economies is if we let present conditions mess up even more than they have... and I find that tough to imagine. That's leaving out their real estate woes, which are massive.
@wildestcowboy2668
10 ай бұрын
China is buying your farm lands and guess what they are going to do with it.
Yes, they will be first.
@qefewfwdcwdc
Жыл бұрын
no they wont, little twerp
I think the global economic community should stop the competition of who has the highest gdp. That causes inflation
@mdaniels6311
Жыл бұрын
So countries should just intentionally not develop?
Dubai: build it and they will come China: build it and keep building
Better than blomberg. I subscribed after that episode.
Democracy may not give you rapid economic progress but it gives u respect and dignity which every human being want
@iggy5347
Жыл бұрын
I cant breathe. That is so sweet of you
@sheehyjessica1991
Жыл бұрын
I would rather live in wealthy than the dignity and respect.
@jjjkkshen2836
Жыл бұрын
Did i say i want?why every human being wants?is this democracy logic?
@jjjkkshen2836
Жыл бұрын
Did i say i want?why every human being wants?is this democracy logic?
@jadoei13
Жыл бұрын
I think more importantly it allows you to get rid of bad leaders in a peaceful and organised way. For China to get rid of Xi, a lot has to be risked. For the US to get rid of Biden or Germany to get rid of Scholz, well they simply vote for someone else next time.
China relies on imports of raw materials to make high value products! Unlike United States that can source its industrial materials locally or from Canada!
@falsch4761
Жыл бұрын
Thank you for noticing how American have contructed vassalage system. you are very wise
@TheKkpop1
Жыл бұрын
@@falsch4761 Correct!!! That includes Mexico too.
@hughmungus2760
Жыл бұрын
give it another few years china can source all its minerals from Russia and central asia.
@fooksengloke3625
Жыл бұрын
Except for Rare Earth that all modern alloy metals for aircraft and semi-conductors come from.
@funbarsolaris2822
Жыл бұрын
Yes... except for the most important materials for the next century which are rare earth minerals... 90% of which are in China
The production of resources necessary for economic growth and development has significant geopolitical implications. Some countries rich in natural resources may become too powerful if they can dominate the global market and control the supply of these resources. This can lead to political and economic instability and the exploitation of smaller, less powerful nations. However, it is also essential to recognize that all countries have the right to pursue economic interests and develop resources. The challenge is to do so responsibly and sustainably, with respect for human rights, the environment, and the needs of future generations. International cooperation and dialogue can play a crucial role in promoting responsible resource management and preventing the emergence of dangerous powers. Countries can create a more stable and prosperous world by working together to address common challenges and promote shared values.
@tedmoss
11 ай бұрын
Dream on.
@pepsee0
11 ай бұрын
@@tedmoss Sure, most do :)
@Replicant-by1eh
11 ай бұрын
A whole lot of nothing.
@steveloren
11 ай бұрын
Ggggg😅😊 14:18 😅😅
@rockbailey8516
9 ай бұрын
That was a lot big words for a very simple problem. The CCP is the enemy. We should not sell them anything , nothing. Ever for any reason .
YES
With a shrinking population, not enough workers to do so
@africarenaissance7607
Жыл бұрын
Mmmmh! for the next two decades the shrinking population will notseverely affect the manufacturing workers
@jeffreykalb9752
Жыл бұрын
@@africarenaissance7607 It already has. China's labor costs are twice that of Mexico. And it's only going to get worse. They are toast.
@humpydumpy2432
Жыл бұрын
Do'nt worry .China will manage it's population.
@Bk6346
Жыл бұрын
400 million are 25 or younger that more than the population of the USA.
@nsevv
Жыл бұрын
India population is growing rapidly and has already surpassed china pop. And india demographic is extremely young.
They can collapse just as fast as they can rise. Good ol' autocracies filled with sheep tend to have that trajectory. Let them fall.
@fromfareast3070
Жыл бұрын
@Hear Hrrh Only Great Britain itself was democratic, And I dont think any colony can elect their governor right?
@Lena-vw6ye
Жыл бұрын
Didn't they say the collapse was 30 years ago? This time is no different.
Great package on China becoming the world's largest economy... Well done Marie.
13:00 why are houses expensive when there is an oversupply?
Prediction is very difficult, especially about the future
@morganangel340
Жыл бұрын
a lot of COPIUM 😂😂😂
Lots of triggerd Chinese in the comments xD
When an unstoppable force meets an immovable object, something has got to give.
With changes in the economy leading to instability in the stock market, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
@Bradleyalice
Жыл бұрын
I would suggest you thoroughly evaluate the companies you have invested in and their estimated future performance, as we may expect to see the market decline further. To minimize stress and improve efficiency, it might be wise to seek the assistance of an investment advisor to help restructure your portfolio. This approach has been successful for me and has reduced my stress levels....
@brettbing
Жыл бұрын
I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.
@Bradleyalice
Жыл бұрын
MARIA ELENA MONTES is an esteemed coach known for her proficiency in her area of expertise. You probably might have come across her. I found her on a CNBC interview where she was featured and i reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can carry out a quick internet research on her name for more info. I basically follow her market moves and haven’t regretted doing so.
@brettbing
Жыл бұрын
I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Maria on internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too.
@gabreiribeiro
Жыл бұрын
I found Maria, I booked a call session with her just now hopefully she responds.
To be honest, many “experts” here either do not know China well or are just too “mono-vision”. There might read economic data but not technological & innovation data. If China’s HSR is an “white-elephant”, it might be some specific routes that are suffering long term losses, but overall “NETWORK”, will be bringing revenue to other industries like tourism, hospitality, F&B, manufacturing and primary produce, other transportation, etc. Its infrastructure is benefiting most of the people, e.g. people used to work in the cities are “migrating” back to rural home towns, goods & services can be transported out, tourists are flowing in, a more balanced commerce around the country. Compare the “rust belts” in US, UK & Europe, China has better management in people & industry development.
Bitcoin has been falling for a while now and it might keep falling or decide to rise again. The truth is no one knows, I believe it’s the right time to make purchase and also get the assistance of a professional
@jacquelynbourgeois2201
Жыл бұрын
You can communicate with her on tele-gram with the user name below.....
@jacquelynbourgeois2201
Жыл бұрын
investwithAdriana
@lawrenceaustin653
Жыл бұрын
I’ve always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me, although I have watched a lot of KZread videos about the crypto market but i still find it hard to understand
@georgeronald5546
Жыл бұрын
I have been doing some research on the market too, it was quite challenging to understand the different trends on my own until I found out about Mrs Adriana Chloe, Trading made easy.
xinnie the pooh on the thumbnail ruins my childhood winnie the pooh lol
Yes!
Yes, China's GDP was at 10% in 2010, but EU's growth was at 4%, most American financial institutions forecast China's growth at 5.0-5.3% in 2033 while the EU will be having negative growth, its all relative, China can't have really high growth rate when we are in a global recession, but the growth rate is still miles ahead of the west lol
@okinawanah3463
Жыл бұрын
how do you measure that their numbers are accurate considering everything is state owned
@user-mj9tr3ym5t
Жыл бұрын
@@okinawanah3463 no one cares if you believe or not they are growing none the less at that percentage 😂
@Tmb1112
Жыл бұрын
But the comparison isn’t between China and “the West.” This video is asking if they’ll become number 1. That means just going up against the US. The EU’s growth might be on the decline and could be in the negatives by the 2030s, but the US’ growth has remained relatively stable over the past decades. China needed the 10% growth rate to catch up. If it doesn’t catch up in the next few years and drops to below 5% soon, and stays that way, it won’t pass the US. US just had over 5% growth in 2021, so China will struggle to catch up.
@uk7769
Жыл бұрын
China growth even at 5% is unsustainable in this new post pandemic world. And china is authoritarian communist government. China is collapsing and will fall. US dollar is the world's reserve currency, has a global navy, and will dominate for the foreseeable future. Russia and China are screwed in too many ways.
@fooksengloke3625
Жыл бұрын
@@Tmb1112 Even with 5% growth, China is adding an India to its economy every 5 to 6 years and to overtake the US before the end of the decade. That is not too bad
Question: is DW really a German media? How come it sounds similar to CNN & BBC? Where is the details and methodical German way of looking and analysing things and events?
@davidadebanjo1277
Жыл бұрын
Lol I assume DW is a Western media studio and Western media doesn’t report anything that doesn’t fit their political narrative
Im just wondering, do these so called "expert" ever visited China? What they sau is so out of touch.I just went to shenzhen, and i find their ratio of income and cost of living to be still very affordable, compared to last year visit to LA.
In a news video you shared in 2023, you showed the GDP figures of countries of 2021.
yes but the question is would it be as dominant as US was in its height and to some extent today.
@sandponics
Жыл бұрын
Same with the UK, and Rome etc.
Western media: China is too strong! We need to stop them! Western media: China is collapsing at any moment! Western viewers: Yes yes they are.
@thomasd4738
Жыл бұрын
OK smart guy, what exactly do you disagree with? Or are you just here to spout nonsense?
@thomasd4738
Жыл бұрын
@Hear Hrrh meaning what? 他是来喊屁口号而已
@boyiyelcham2630
Жыл бұрын
😂
@hai-mb3zg
Жыл бұрын
我也是服了这些人中国在哪里都不知道整天指手画脚
@SamOreo7
Жыл бұрын
Whats wrong with the facts? 😂
Yes, of course. 👍👍👍
看到如此多人这么说, 我就安心了. 2029年, 再回来看看结果如何. 一定是一件很有意思的事情.
It is a shame you didn’t mention much about Xi Xing Ping’s reversal of many of the market liberal policies that made China successful in the first place.
@TheKkpop1
Жыл бұрын
Hi troll, pls name them one by one. Whereas I can name US is threatening global trades with MAGA.
@Alex-gd9li
Жыл бұрын
@@TheKkpop1 你好中国机器人 Or maybe привет русский бот
@TheKkpop1
Жыл бұрын
@@Alex-gd9li More countries trade with China nowadays. People are sick of your western cold war mentality, they shy away, especially from US and NATO war mongering.
@payla8308
Жыл бұрын
@@Alex-gd9li 🤣🤣🤣 Nice.
@snow3338
Жыл бұрын
Bro it's Xi Jinping not Xi Xing Ping
i know you guys want china to fall. but china kept investing mult billions of $ into infra and R &D and there is still the world's largest population of middle class which is growing faster than any other countries. so unfortunately, China will let the haters down again. sorry ^_^
@bitboycryptochanne1
Жыл бұрын
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Economists in the west have become increasingly bearish about China’s economic prospects. I think this is an over-optimistic assessment. Yes, China has significant structural challenges like an ageing population and an over-leveraged real estate sector, but they don’t overshadow the enormous potential China still has to grow.
@patrickt49
Жыл бұрын
"A people who show surprising sensitivity of feeling and at the same time appall us with their seeming crudity of instinct, accomplished in craftsmanship yet living ever in houses falling to pieces, alert in business yet unable to make a success or large business themselves, quoting proverbs about truth in every breath and not to be believed in anything, always exasperating us and then mollifying our exasperation with a talent all their own, always busy and never getting anything done - four hundred million of them, upon a background of green paddies seen through slow rain, swirling yellow rivers with bobbing junks and rattan sails, above and through all the smell of a damp moldiness amid spiced cooking - that is China and the Chinese." - "Ways that are dark: The truth about China" - Ralph Townsend (Former US consul who lived in 1930s China)
So US don't panic. Can still be hegemon master
Many developing economies adopted exports as the way to drive their development forward. However, once a country reaches the middle income level such as China, it can no longer compete with countries with even cheaper labor costs, and has difficulties competing against advanced economies for advanced high value added sectors. This is often referred to as the “Middle Income Trap”. With an aging demographic and highly indebted economy, the PRC has peaked and will decline in power and wealth relative to its geopolitical competitors. Many folks think that being the biggest exporter, the largest manufacturer, and having the biggest volume of trade are sources of strength. In reality, these are weaknesses. Exporters rely on the good will of countries willing to import from the exporter. With massive military buildup, and threatening language, many of those importing countries are working very hard to find alternative sources. Being the largest manufacturer crowds out other more high value sectors and traps the country in the middle income stage forever. And relying so much on trade exposes China’s economy to the health of its customer countries and sources raw material needed to make the manufactured goods. Since President Xi made a decision to antagonize and threaten other countries by having border disputes with every neighbor, speak belligerently on the world stage with “Wolf Warrior” diplomacy, and accelerate spending on the military that is clearly intended to war with the West, why should we be surprised to find many countries now acting to counter balance the PRC, not only the US but also countries like the UK, Australia, and Japan. The only way for the Chinese people to get their great nation out of the middle income trap is to hope that the CCP liberalizes the country and permit more freedom for its people, and unleash the creative power of the Chinese people. But doing so will threaten the monopoly on power that the CCP enjoys and so the CCP will never permit that. That is a tragic situation.
@josephda360
Жыл бұрын
I love your breakdown.
@gabrieljean-batiste2006
Жыл бұрын
As someone who has studied China, I must say your analysis is spot-on.
@gekzify
Жыл бұрын
Thank you, succinct and nuanced
@Michael45007
Жыл бұрын
Well said!
@mat3714
Жыл бұрын
Refreshing, long messages usually collapses on self defeating arguments and pointless detours. Stayed on point and stayed relevant. 👍
India 🇮🇳 👀New China 🇨🇳 😀
@KittenBowl1
Жыл бұрын
A country without toilets and basic infrastructures but instead DBs and feces in polluted river because of corrupted government even after we sent them money. Umm no. Nice try though.
@jackytang3683
Жыл бұрын
Have a culture revolution first. No damage No reborn
@fromfareast3070
Жыл бұрын
Not enough infrastructure
@worldwideknowledge9631
Жыл бұрын
@@fromfareast3070 India is investing 1.3 trillion dollars to build it infrastructure
@asc4695
Жыл бұрын
@@jackytang3683 atleast they are not following cult religions
I don't see pandemic impacts our lives a lot. Obviously the economic of China is reforming, and it is resolving its problem in economy. High leverage and bad bank debt
its substantial