China: Is the economy in serious trouble?
China's economic model of driving up GDP with vast borrowing and building worked when the country needed new roads, bridges and airports, but appears no longer sustainable as the economy has shown major signs of slowing.
Sky's Helen-Ann Smith has travelled to Zunyi in China’s southern Guizhou province - a city full of unfinished infrastructure projects; empty apartments, and half-constructed tunnels.
Read more: news.sky.com/story/has-chinas...
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Пікірлер: 368
OK, where are the homeless people, drug users and tents that infest Western cities? How's the infrastructure of that poorest city in China compared to yours? They have roads, electricity, broadband and so on.
@douglasnakamura6753
10 ай бұрын
There won't be any homeless - they built 16 apartments for every citizen.
@pikachuthunderbolt3919
2 ай бұрын
most are illegal immigrants including Chinese too coming from Mexican border Would be deported soon
I have been hearing this for the last 20 years 😮
@waludalu5102
4 ай бұрын
a lot of clickbait youtubers said China will collapse in 30 days... Last year
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Won't worry about China's economy they are resilient Look at the British economy is going downhill with no break
@striker44
10 ай бұрын
UK downhill with decades of mismanagement. Poor Sunak trying to be the knight in the shining armour to hold UK together.
@PotatoSalad614
10 ай бұрын
Uk economy is growing faster than experts thought
@Oblivisci........
6 ай бұрын
China's youth unemployment almost 25% and the past quarter gdp is the slowest in more than two decades. Emperor Xi is messing up BIG TIME. 😂
@patrickt49
Ай бұрын
Define "resilient"? Hard to be resilient when multinational companies are leaving en masse. What are they going to magically produce to make them "resilient"?
What sort of information ?
Big Trouble in Unfinished China
@amiigose
10 ай бұрын
sink ship in aussie and uk 😂😂😂
@SamOreo7
10 ай бұрын
@@amiigoseso with china😂
@amiigose
10 ай бұрын
@@SamOreo7 no, china going to moon 😘
@integragemi7234
10 ай бұрын
Imagine UK. with the worst debt in 500 years. Ouch
@josephtan4627
10 ай бұрын
Bigger trouble in all the WESTERN countries but yeah...only focus on China.....YAWNNN
😂😂😂😂😂😂. Directed by Gordon Chang. 😂😂😂😂😂
Yes
Who doesn't have a economy problem right now
@Get-Agar
10 ай бұрын
Saudi Arabia for example.
@CodeMeat
10 ай бұрын
The US, I reckon. As they have already eaten the whole EU alive and drank their blood dry...that's what the US's allies are for...
@michaelmcintoshatky
26 күн бұрын
Uh that would be the Amish lol 😂 they're immune to what the normal normal modern day person call s hard time lol that's normal day to day life for them maybe even a Time of good excess lol 😜😆
The question is can America fix its 33 trillion dollar debt without the printing of money
If shaite hits the fan - we could be in for a massive stock market crash
people in glass houses shouldn’t throw stones …. our economy is not any better .. collapsing before our very eyes
@mikec1096
10 ай бұрын
true but it's better to have company in misery than to be in misery by yourself.
@scottyman-ey6bf
10 ай бұрын
@@mikec1096 fair point , but i also believe the west needs a good relationship with China
@bugsygoo
10 ай бұрын
Just because the UK is facing serious problems doesn't make it comparable to China. That is a false equivalence. The UK's economic problems are mostly a function of it's politics. In China, the economic problems are structural and no amount of politics can fix them in a hurry. But if the UK doesn't get it's act together it will soon make Italy look like a model of good governance!
What would SkyNews know
Beyond repair 🤔
Those pesky Chinese ninjas are probably planning on reawakening good old godzilla and invade the mainland
Australia should stop begging China to buy Astralian exports.
No worries. They still money to buy Salt 30Kg
America and countries in Europe have experienced similar situations, when manufacturers of shoes, clothes, home appliances, etc., flocked out of those countries. Korea and Japan have also experienced the same thing. But the situation did not make these countries experience an economic crisis or bankruptcy. Why? Because it is a matter of competitive advantage, comparative advantage, and a matter of ordinary market mechanisms. If it is now starting to happen in China, it is indeed time for China to experience a similar transition after years of mass low-wage labor-based industries. When China starts producing airplanes, electric cars, superconductors, etc. it is just a necessity for a country that has entered the "advanced" level. Selling 1 airplane is worth more than selling thousands of shoes from a dozen shoe factories in the Ningbo area. That's also why America can still able to compete with China in term of GDP etc, even though the low-labor manufacturing industry left America many years ago.
Do a video in NYC😅 and see how that goes.
2024 is going to be interesting for us all.
Yes.
Mind your own business and fix your economy first
@SerBallister
10 ай бұрын
International news agencies should "mind their own business"? Think about that for a minute..
have u seen state of the UK economy?
According to Western mass media, Chinese economy has been in trouble in the last 20 years 😂 2023 Chinese GDP growth was 5.2 percent which is higher than that of the US
@SashaBuzko
9 ай бұрын
Cute comment but simply not true. In fact, Western media has been completely in love with the "Chinese economic miracle", no one even thought a slowdown was possible and a whole bunch of Western economists were sure that China would become world's #1. This growing crisis took most people by surprise.
@siantopablo9149
8 ай бұрын
😂😂
@Oblivisci........
6 ай бұрын
That's simply not true. It was reported in most western media for two decades that the Chinese economy would outgrow Americans economy by 2030. This has only been being reported in the past year after covid lockdowns ended. Now China's economy has hit serious stagnation and it's youth unemployment is almost 25%.
@waludalu5102
4 ай бұрын
I like how they go to the slums or rural areas in China then talk about how its collapsing or how underdeveloped China is like bro just go to Detroit or Chicago
@pikachuthunderbolt3919
2 ай бұрын
@@waludalu5102well may then it's like mostly your country looks like that Just creating some glass skyscraper cities won't change the structure of country
The reckless conclusion that the reporter made is very similar to :- someone read about Jack the Ripper and based on this isolated incident, he made a conclusion that UK is the most brutal country in the world. Usual poor quality of Sky News.
I guess that´s karma´s revenge for a lot of things. Bright fires burn very fast though.
@siyuanxie3380
10 ай бұрын
While in Birmingham 😂
@PotatoSalad614
10 ай бұрын
@@siyuanxie3380the free world never collapses
@siyuanxie3380
9 ай бұрын
@@PotatoSalad614 Sure😂😂😂
@PotatoSalad614
9 ай бұрын
@@siyuanxie3380 the west is a shinning beacon of liberty, freedom, and progress in a dark and unjust world.
@siyuanxie3380
9 ай бұрын
@@PotatoSalad614 Need more burgers, troll
What heppend have the US traded opium again? In Europe becomes the blackmarket floodet of California Cannabis...... same tactics as 150 yeares before?
Most countries having economic problems, including Australia. All these due to trade protectionism championed by US and W Europe.
West media😂
Horrible reporting. Doesnt even mention why they stop building.
@XOXO-if8yo
10 ай бұрын
Go read global times for instant relief
Where are the Chinese people on highway ????
@XOXO-if8yo
10 ай бұрын
CCP kick all homeless to villages
Narrator is well paid to talk this way or completely brain washed.
Before China. EU first
@Vox2357
10 ай бұрын
Russia will own all Indians soon
Thats funny. U.S. GDP is on a tear.
DeCoupling is working. We need to increase the pace of our efforts ASAP!
@antonjae645
10 ай бұрын
Its not that simple there are many factors.
@hamzamahmood9565
10 ай бұрын
@antonjae645 We are working on them. And yes it's working. We trade more with Mexico now than China
@lil----lil
10 ай бұрын
👍👍
@DK-ev9dg
10 ай бұрын
This will hasten the demise of US dollar and US itself. Chinese are very smart race. Never bet against China. Whole world revolves around them.
@anypercentdeathless
10 ай бұрын
And remember Xi's: 'We'll bash your heads bloody against the Great Wall.'
Meanwhile Birmingham goes bankrupt
Isn’t that growing room, an investment. Things we can’t organise here.
Rahulji can only bailout them this crisis as he has team of global experts who can revive their economy and negotiate better deal with US
They should have compared the poorest city in China with the poorest city in the US. To see if we could notice a difference?
@coffeebreak100
10 ай бұрын
Too true lol
@eaStudioHD
10 ай бұрын
True, millions of homeless people in usa, no one in china
@tankman20064
10 ай бұрын
Shanghai same liao
@tankman20064
10 ай бұрын
Poorest city is begging for food. Poorest US is taking drugs😂😂😂😂😂
@Birch37
10 ай бұрын
@eaStudioHD Fun Fact: There are more homeless people in China (350 million), than the entire population of the US. This information is from the Chinese Department of Finance. 😆 🤣 😂
China needs a new leader.
It's called exponential implosion. A resource fails, the project stops.
Remember when everyone was worried China was going to surpass the US as the world leader? lol
Do I give a stuff about China’s economy?
Mr .Murdoch's relentless anti Chinese stance never changes. As if no other country suffers economic downturns, only China!
Ping Has Already Takin Action To Save Citizens $$$ ... Free Swimming Lessons Are Available For Any Survivor's ...
Birminham City Council just declared themselved bankrupt!! Worry about youy own house first!
They are opening two coal power stations every week. We can’t get enough of their cheap products.
@rioluna6058
10 ай бұрын
speak for yourself but imports in my country from china are going down quite fast , it seems people realized we dont need cheap stuff, stuff that we already have so yeah . i think it would be better if people realized they spend so much in stup1d stuff
End of USSR vibes
The western media seems to think by talking about China then all focus will shift away from the problems in their own country!
@siyuanxie3380
10 ай бұрын
While in Birmingham 😂😂😂
China will be like Japan of the 90s.
@DK-ev9dg
10 ай бұрын
Never. Keep dreaming.
@ad_astra468
10 ай бұрын
Yeah probably, the population decrease and consumer market fall will lead to deflation and than stagnation, good thing for China is Japan is still a great country.
Movie's Name will be " The Curious Case of Chinese abrupt rise & Chinese abrupt collapse ".
This is china last decade...
Seems no bats and cats to eat.
Karma.
@herrwolf5184
10 ай бұрын
The west will soon face karma for all that they have done
BS
just join the army hahaha
Belt and road in china and out is guaranteeing the ascension of india
@akhripasta2670
10 ай бұрын
😂 don't drag India into this pls
Despite that China managed a trade surplus of 880Billion dollars
@Birch37
10 ай бұрын
Based on CCP data?? 😅😂😅
@ambessaseway5594
10 ай бұрын
@Birch37 could be true but according to US/British data they had a trade deficit of 1 Trillion/150 Billion
My only concern is AMERICA failing economy so... yeah
135: trouble 246: threat weekend: China and god need a rest.
Aussie reports on your own economy n homeless
false publicity
中国房地产在过去发展的太快了,导致很多人买房或者卖房不是为了居住而是为了投资 例如,在一个有潜力的地段,最初购买房子花费100万元,但随后的两年,随着城市的发展,将房子出售可以获得200万元。很多人通过这种方式获利,导致好的地区房价非常高。而同时相反的,不好的或偏远的地区房价非常低。 总体来说,这是一个房地产的泡沫,是迟早要出现的问题,就看中国政府是否能通过政策平稳解决了。 给天空新闻一个建议,当你在采访时,你可以将受访者的原声放出来并配上字幕(不要进行后期配音,我个人发现有些媒体的配音与原受访者想表达的意思并不相同,存在虚假宣传)
Meanwhile in Birmingham 🤡
@leo-messi61
9 ай бұрын
🤔🤔🤔
What economy?
Government spending is always a huge waste.
Off course.. Chinese economy is only growing at 5.5 percent..that is crazy..
Anglophone
Helen-Ann Smith - She has haughty eyes, a lying tongue, a heart that devises wicked schemes, feet that rush to dirty, false witness that utterly lies, one that spreads strife among brothers.
@XOXO-if8yo
10 ай бұрын
Cry wu
Great at wasting money.
No worries, overseas chinese will support motherland economy forever 😂😂
@thedownunderverse
10 ай бұрын
While sucking the life out of their “hosts”. Parasites
"Made in China 2025!" lol.
Karma for ccp
😊😊😊
They never mentioned the fact in China having a second home is a status symbol for the well to do, who then own an almost unused home or flat in a block of flats in what becomes a ghost town.
China need consult Aussie miners how to slow their 5% annual growth down to the Australian level: 1.8%! That is the end of story. 😅 This channel does nothing but invite disdain from Chinese public.
This project is only 3.7 km long. Multi-billion haha. accurate reporting
How did that happen when IMF upgrades China’s growth outlook
Amazing Sky got these interviews in China... time was they would have been arrested and tortured and told what to say.
@johnpaul252003
10 ай бұрын
That time never existed. Maybe in a racist head like yours
Sky news: lets go to the poorest providence in China and show the world how poor China is.
The basic assumption in this entire enterprise was that value would continue to go up automatically, whether it is infrastructure or property value. That somehow the whole thing will just pay for itself. Utter nonsense. The line cannot go up forever. It must come down eventually. Why oh why do people keep making this same mistake again and again?
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
hahaha, I laugh so hard every single time when seeing the foreign media reporting China! Handful of (arranged) people interviewed representing the whole China! hahahaha.
Sky news is always funny - this place is called Zunyi (遵义;遵義) is a prefecture-level city in northern Guizhou province. I have never heard this city in my life. Sky News is interviewing a old lady who is residing in a poor city which is situated in one of China’s poorest regions. 😂 I think that motorway is no older than few weeks. OMG some ppl are truly desperate.
Get ready for the CCP to leave comments here doing damage control
???
Payback time!
False news
All U haters keep wishing n telling lies about CHINA. INCLUDING YOUR PAID PUPPETS. BUT WHO JAH BLESS LET NO 1 CURSE.
Fresh coming from the British, its been bleak for decades in the UK!!
Down with the ccp. Winnie the pooh!!!
It's been in trouble for decades...
The construction of the right side road stopped about five years ago. It is not about money but a tunnel which engineers found a big geological issue. The right side of the road opened last week via a different route.
@jamessmith-xt6dq
9 ай бұрын
8e222r83e
@jamessmith-xt6dq
9 ай бұрын
2
@HattieMcDanielonaMoon
9 ай бұрын
3
@joshuajoseph5998
9 ай бұрын
Regardless, it's still a huge investment gone to waste. That's the point.
@ming0234157
9 ай бұрын
Waste happened when unexpected geological issue occurred. China is making people living condition better by investing in the infrastructure constantly! Not like the USA, trying to borrow money everywhere and the infrastructure still is crap!@@joshuajoseph5998 kzread.info/dash/bejne/i3l5rc5vl6ragrA.html
UK is jelous
@PotatoSalad614
10 ай бұрын
Nope. Never
Can't get over how they pronounce Guizhou 😂
Market economies recover quicker. China planned economy has fewer options. Millions of people stuck with depreciating assets (mortgages way underwater). World move on to better economies elsewhere for goods and services.
when economy sentiment goes down, people save more spend less and get laid off. It's normal economy cycle. We always compare China economy against U.S. However, China is expecting to grow 5% GDP in 2023 with 0% inflation, U.S is expecting to grow 2% GDP with 4% inflation in 2023. U.S credit card balance skyrocketed and China saving rate raise. Both counties are dealing with their economy issues. One had an overheating economy and trying to cooling down, the other had a cooling economy and trying to stimulate the economy.
@Jing34271
10 ай бұрын
The data is correct, but the credit card usage rate is 38.62% in China, which means less than 40% of people who have credit cards are using credit. And those people who use credit cards are not for personal use, mainly for business. (Business credit card included)@@InterviewsWithTheAncients
@bugsygoo
10 ай бұрын
The US is an advanced economy with a $70,000 per capita GDP. China is a developing economy with a $12,000 per capita GDP. Advanced economies don't grow at the same rate as developing economies. Unlike China, the US can easily sustain its debt. Also, an awful lot of personal saving in China are in the form of real estate, which is not looking so good right now. China is destined to do what Japan has done for the past couple of decades, i.e, stagnate and slowly decline. But unlike Japan, China is starting from a very low base.
@crystal2484
10 ай бұрын
So now the wumao wants to compare a DEVELOPING country GDP with a DEVELOPED country GDP. So much nonsense from the forever hurt wumaos of China.
@eddyr1041
10 ай бұрын
Dont do real estate by ponzi scheme, government.
@jeycalc6877
10 ай бұрын
china is a 4.4%
Buenos idas Gurúes. Gracias por visibilizar estas masacres de lesa humanidad que hacen los Yanquis en pos de una sociedad "democrática", hay de quienes no se alineen con esa idea democrática de ellos y sus súbditos europeos vociferan al mundo porque les cae la peor de las pesadillas. El problema es que esos pobres países no les entregan sus riquezas como ellos desea o se alejan de comercializar sus productos en la moneda que ellos quieren, que cada vez vale menos. Estos problemas nunca han sido políticos, siempre han sido económicos.
Fingers crossed
Considering the shaky economy, I'm keen to know best, how people split their pay, how much of it goes into savings, spendings or investments. I’d be retiring/working much less in 5 years, and sometimes earn up to $160K per year, but nothing to show for it yet.
@kimberiysmarketstrategy
6 ай бұрын
Me too Kevin. Its frightening! I take 10% for retirement. ( savings) 5% investments ( oil, silver) but I need to di better, getting spending down & have quality items that dont need replacing