The government is right. Fintech companies only interest is lending as much as possible and when things go wrong, they start saying the government did a poor job policing the money markets. Its so crazy, they will literally say that to hide the fact that their only interest is to lend to as many people as possible without caring about the business environment or the ability of the borrowers to pay back their loans. Greed 101.

@LuisRomeroLopez

3 жыл бұрын

Well, since one can't just give free money, lending is a good option to help people with necessities or business ideas. The problems is when bad invesments become general (and this can be due bad incentives) or banks having poor controls. The fact that buying houses becomes a way to invest and shadow baking common, should be enough indicator that the chinese government is missing something.

@david0aloha

3 жыл бұрын

So then who is going to loan money to small business ventures?

@ttemp2631

3 жыл бұрын

@@david0aloha small business ventures can just apply loans as usual. It's is now the lender must be more prudent with lending out money. If lenders see no future in that particular small business ventures then it's only good to avoid the risk.

@david0aloha

3 жыл бұрын

@Yandri Susanto Oh wow. So Ant Financial account depositors (their customers) would, in fact, be the lenders for those loans? So their funds would be liable in the event of major defaults?

@stvdmc2011

3 жыл бұрын

No problem if Alibaba actually put the money out they loan.

Even 30% is too generous. Banks shouldn't be able to lend out money they don't own and create money out of nothing.

@Unazaki

3 жыл бұрын

Banks typically can't, but since Ant Financial here is not a bank but is, in legal terms a financial technology company, it like many others around the world can bypass many of the safeguards that were put in place to stop banks from doing many of the things that caused and exacerbated the problems that came with the 2008 Financial Crisis.

@alexpolo7864

3 жыл бұрын

Some risk is aceptable

@ArawnOfAnnwn

3 жыл бұрын

This is kinda similar to a problem the Indian govt. also has to deal with, with what are here called NBFCs (Non-Banking Financial Corporations).

@JAN0L

3 жыл бұрын

@@Unazaki Banks anbsolutely can and do this. That's what fractional reserve banking is all about and it's the primary way most money is created in modern economies.

@Unazaki

3 жыл бұрын

@@JAN0L I think you are misunderstanding the concept of fractional reserve banking. What that term means is that the bank has to retain a certain % of the money that is deposited with it in cash or highly liquid and non-volatile assets (e.g. US treasury bonds). So if the fraction is say 10%, that means that if I deposit $100 in the bank, the bank keeps $10 with itself and lends out the other $90 to someone else. So in this case, its not lending money out of nowhere, its lending money that they have actually received. This is different from a platform like Ant Financial. Up until recently, it generated just paired up people who wanted to borrow money with people who want to invest in riskier assets. There is no skin in the game that these companies need to have, or at least in Ant Financial's case up until the Chinese Financial Regulators stepped in. Even then it only needed to fork out 30% of the loan amount. So when Ant Financial arranges a loan of say $100, the company itself loans out $30. The remaining $70 comes from people looking to invest on the platform. Thats a pretty big difference of operations there. If the loan fails, Ant Financial only takes 30% of the pain, whereas if this was a typical bank situation the bank takes 100% of the pain. (I'm excluding restructuring complications here) Now since the money that was lost in the bank's case came from its depositors, it has a vested interest in making sure that they don't just give out loans to any1 who asks. The customer doesn't care that the bank lost money on a loan made with their deposits, they want to have their deposit back with interest. As far as their concerned losses are the bank's problem. This is in direct contrast with Financial Technology companies operating as investment platforms like Ant Financial. They don't have deposits, so they don't answer to any depositors. In fact, they take a cut on any earnings of these investments, so they're generally incentivized to make as many loans as possible to generate as much fees as they can. If the loan blows up, the people who invested in them just eat all the losses with practically no recourse available to them. Because of this, they're not banks in a legal sense, so they escape any reserve requirements that would otherwise be placed on them. All those BASEL III rules? Not applying to them. China may have been the country that got the most media attention for acting on this issue, but it is by far from the only one looking into this problem now.

the motivation seems to be both political and economic!

@Emilechen

3 жыл бұрын

Jack Ma is both alone, he is supported by other cliques in Communist Party which are rivals of Xi,

@dallascopp4798

3 жыл бұрын

The economic stability of China is what keeps the communists in power. When the money stops flowing in China, so will the communist's power. So any minor threat to the economy is taken as threat to the government itself.

@Emilechen

3 жыл бұрын

@@dallascopp4798 yeah, it is sure, I am from Hongkong, in 1997, most South-East countries suffered from financial crisis, than, in 2008, we have Subprime Crisis, later, European debet crisis, Arabian Revolutions, Corona criris... and before 1997 we have the collapse of Communist bloc, so basically, each time there is a crisis, many developping countrires, and even developed countries, fall in declin, but the Communist China, seems to be an exception, they always managed to escape from the crisis and become even more powerful, in 2020, the only major economy with positive grow rate is China, if we look back in History, in 1921, when Communists party was founded in a little boat in the French concession of Shanghai, so many Warlords and KMT with millions soldiers, could have eliminate themwith ease, so 100 years ago, China was just some kind of giant Syria or Libya, so in my opinion, Communist China has experiences to deal with crisis, not only the criris can't make they fall, but make them stronger, PCC is just like Doomsday in DC Comics,

@dirurururuoksjeir9819

3 жыл бұрын

@@Emilechen do u mean jiangzhicheng, the grandson of jiangzemin the former president, it seems he has 5% share of alibaba. And 30% of shareholders has not being published, maybe other bureau directed by jiangzemin also involved?

@stvdmc2011

3 жыл бұрын

@@dallascopp4798 you think if the US economy tank the US political smell roses.

Jack Ma was not just challenging Chinese state-owned banks but Basel accord which limits bank giving overload loan by small amount of capital. And it’s a global principle made by most countries avoiding financial crisis like 2008

@Emilechen

3 жыл бұрын

Jack Ma is backed by other red princes in Communist party which are rivals of Xi,

@kevinyaucheekin1319

3 жыл бұрын

@@Emilechen That true but that still does not undermine, the central contention that it was subverting as a non bank entity, the Basel 3 accords, big time.

@davidhynes

3 жыл бұрын

@@Emilechen Huawei is not a rival of Xi, Huawei is an arm of the CCP.

@Emilechen

3 жыл бұрын

@@davidhynes of course, no one says Huawei is Xi's rival, Huawei possedes the world's most advanced 5G technologies, Xi's rivaux are other Red Princes in PCC, these guys fear Xi because of Xi's anti-corruption campaigns,

@Emilechen

3 жыл бұрын

@Ladey Babey and the point is, most Chinese people also hate Xi's enemies too, if Xi is a lion, his ennemis are wolfs, Jack Ma is just a dog aming thr wolfs, most Chinese people prefer a lion than a band of wolfs,

The economic reason sounds about right.With that kind operation,the leverage could be 1000000x if not more.If something goes wrong,it could end up triggering another subprime mortgage crisis.

So proud of you guys. You changed the lighting rate. 👏🏻👏🏻👏🏻

This guy is really good at his job, the best one in VisualPolitik.

@barbarathanks5483

3 жыл бұрын

agreed

If they had put the 30% back in 08 we wouldn't have had the crisis

@MultiVigarista

3 жыл бұрын

regulation on the US is impossible to pass in congress

I see you've fixed the blue light flickering

China is learning that capitalism needs a heavy hand too keep it from going out of control. Something the u.s. could take a lesson from.

@thomasridley8675

3 жыл бұрын

@Eric Khai Ah, can you expand on that ?

All I know is there's a lot of wealthy Chinese buying expensive Real Estate in the Western US, Canada & Australia. They all either like really expensive Holiday Homes, or they're making sure they've got large chunks of money outside the Chinese Governments control, just in case...

@nsebast

3 жыл бұрын

LOL most rich people have holiday homes outside of the country. You make it sound so sinister. Dont be brainwashed by Western media.

@tsubadaikhan6332

3 жыл бұрын

@@nsebast $32 million's a lot for the son of the Vice Premier to drop on a holiday home when his dad makes $35k a year.

@joelwieland1767

3 жыл бұрын

@@nsebast The truth is sinister sometimes

@cooper-lunayen1944

3 жыл бұрын

@@nsebast $33million Aussie is a lot for a 2nd generation red to own a property in the most prestigious suburb in down under. They had a building plan to redo everything.

@Bingiisyaboi29

3 жыл бұрын

@@nsebast I don't think so

A video of around 13 mins, at 8min mark also "we are about to find that out" lol

@tjs8560

3 жыл бұрын

Lol you literally saved me 8 mins of random shit

@jacob_90s

3 жыл бұрын

Yeah, their writer loves to include multiple starts in their script

@declanducc3139

3 жыл бұрын

While some of its unnecessary, it is useful to have some background info into the situation. For people like me who don’t know the socioeconomic policies of China and that relation with alibaba, it’s good to get an explanation.

@jacob_90s

3 жыл бұрын

@@declanducc3139 You misunderstand. The information is good, but it's weird that they're writer always has the lead up to it sound like the video is just starting. They tend to do it multiple times all throughout the video, and in pretty much all their videos

@victormarley

3 жыл бұрын

it's a pain that it is frequent here

It all boils down to whether you believe the 2008 crisis could be avoided or not. 30% "pawnshop" from Ali's side could not be enough if the credit is granted from the perspective of the credit giver alone, ofc it will be good credit, good enough to trade it as sub-primes and (synthetic/bespoke) CDO's from bank to bank and abstract the loans. Every single loop in the chain should be identifiable and the investment insured.

@jamessun7721

3 жыл бұрын

Someones talking real and precise!

Visualpolitik ❤️ China

what jack ma trying to do is not allowed in every country he is trying to be banker but not governed by any banking rules

@cooper-lunayen1944

3 жыл бұрын

There was a vacuum created by the government , he merely filled that vacuum, people would easily go to the banks if they could. Therefore it was not his fault.

Ma's success could have been devastating for the financial market. If it consolidated large amount of money, the banks would be in trouble. He was not taking the risk. Also, the government is....

Jack Ma: their something fishy about banking system of China CCP: the Earth King has invited you to Lake Laogai

@NightcorEDM

3 жыл бұрын

Fun fact: If you go to Endia 🇮🇳 you'll see lots of dirrty disgusting stinky slums

@LuisRomeroLopez

3 жыл бұрын

@@NightcorEDM What is an "Endia"?

@KatariaGujjar

3 жыл бұрын

@@LuisRomeroLopez The democratic country with 50 billionaires and 1 billion in poverty (not China).

@LuisRomeroLopez

3 жыл бұрын

@@KatariaGujjar Still can't find "Endia" in the map, but good thing that they're democratic (what of course, makes them not China)

@KatariaGujjar

3 жыл бұрын

@@LuisRomeroLopez Not so good when 81.1% of your population lived under $5.50. Endia was on the same level as China in the 1950's. Both large populations then and now over 1 billion, both large land masses, both occupied and looted by the British, yet one chose communism and the other chose democracy. And we see the results today: China, the most industrious country in the world, changing the world orders, highly educated workforce, etc.. versus.. India, where people still defecate on the streets, huge slums, over 1 billion living under poverty, etc. But hey! who cares.. they are a "democracy" so it must be a good thing.

Nice video

Thanks

excelentt thanks

I downloaded the Ground News app that is advertised. I'm impressed.

The link in the comments for ground news appear to be broken.

Chinese citizens: The government cut us again from a crucial source of capital so it will not become a bubble... Oh well, back to the real-estate bubble.

@5dodot5

3 жыл бұрын

@Amperoar M0001 that's not even mentioning the fact that none of the buildings are even built to last 20-30 years because of corruption and shoddy construction.

@aussieboy4090

3 жыл бұрын

+Gil It’s better to curb big tech than housing. This is why Joe Biden won

@aussieboy4090

3 жыл бұрын

@@5dodot5 Beijing Biden will destroy the world

@lucianoradice5257

3 жыл бұрын

@Doddy Doncasper when Chinese workers start retiring at the same time and selling their houses to get that retirement money. Don't forget the bulk of Chinese population is reaching retirement relatively soon.

@lucianoradice5257

3 жыл бұрын

@Doddy Doncasper 2nd and 3rd home ownership is quite common in China. They buy homes as a "safe" investment

"Lifestyle Enabler" LOOOOOOOL

Simple they are protecting the lenders and avoid a potential headache that will eventually be thrown on them if the money can’t be paid back to lenders...put 30% of your own money and no one will stop you to move forward

God that guitar solo is SOO good what song is it?

Depending on one stream of income had never made any millionaire and earning check don't put you on forbes

@kyrielegend2132

3 жыл бұрын

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

@robertbrown6654

3 жыл бұрын

@Sofia Sanchez Yeah, but only when you trade without a professional

@loufranklin7726

3 жыл бұрын

My first investment with a professional earned me $4200 with $1000 in less than a week

@markmelancon4593

3 жыл бұрын

You know her too?

@Olivia-vb2kr

3 жыл бұрын

I lost £3200 carelessly trading on a platform then I was referred to Mrs Brenda Hogan, She recovered the loss and made an extra profit of £10,600

It would be funny if the communist party supports your channel.

@thomasthumim7630

3 жыл бұрын

Seems like

1:00 the video starts here

I didn’t get a notification for this vid

11:00 Create *as many loans as possible* ... what could possibly go wrong? ALL THE THINGS.

Who told you that in China, banks won't lend money to small businesses because the bank is owned by the state and not by private individuals?

im flattered that i got a ad for a service for paying international employees but in reality im a broke student

Remember kids aramco's Ipo was just 5% that resulted in 29B

@od9694

3 жыл бұрын

That doesn’t sound right

@ArawnOfAnnwn

3 жыл бұрын

Yeah, but the govt. still had to virtually coerce its citizens to buy into it, and they failed abroad. That valuation is suspect.

@od9694

3 жыл бұрын

@@ArawnOfAnnwn I thought Aramco was valued at 1.9trillion but 29B for 5% would put a 100% at 580B

@carloscosta1612

3 жыл бұрын

1.80%.

CCP should indeed limit the lending cap to avoid any future mortgage crisis

Chinese banks are a disaster. How exactly is that conservative lending?

The video spends the first minute advertising the sponsor then at 0:58 "Let's get into today's video..." and an ADVERT. Again at 5:06 "We're going to look at that right now..." followed by an ADVERT Srsly?

It is highly unlikely that a lot of microcredits fail. That is different to the housing bubble, where you were able to get half a million, easily. It's a huge difference.

To my knowledge they don't do securitization in China, so how can they have a subprime crisis in the first place?

@ArawnOfAnnwn

3 жыл бұрын

Yet...

@zhwu2723

3 жыл бұрын

Do you think only the United States was hurt during the subprime mortgage crisis in 2008? The whole earth is interconnected...

@josearaujo8616

3 жыл бұрын

@@zhwu2723 Subprime was a fraudulent operation that shocked the financial market confidence in market institutions and agents. I don't think this institutions like credit scoring, securitization issuing, etc even exist in the Chinese Financial markets, so to my knowledge a Subprime crisis can't take place in China. Actually its very hard to find similar financial crisis, since each crisis usually leads to legislation to prevent the exploits. Crisis are crisis because nobody could predict them or knew what was happening.

@andrewlim7751

3 жыл бұрын

Antfinancial bundled their unsecured loans and then sold it to banks, yes, it's another form of subprime crisis in the brewing.

@josearaujo8616

3 жыл бұрын

@@andrewlim7751 Ant loans are consumer loans not mortgages. Consumer loans are risky by definition, while subprime were wrongfully rated by respected institutions and accepted and sold has good by the financial authorities.

simply put jack ma supported the wrong faction meaning he supported the jiag zemin faction which is in a conflict with Xi jinping faction

@sc1338

3 жыл бұрын

Exactly

2:10 Correction: "Safe, sound, and reeducated."

@heinrichwonders8861

3 жыл бұрын

And he will be disappeared again, this time forever, very soon.

@abrahamlgrans3144

3 жыл бұрын

Yeah

@alexng704

3 жыл бұрын

Good one, straight to the point. Actually, I noticed the subtitle missed Jack Ma's last sentence in the clip. He said, "..(collaterals and warranties) they were very advanced back in the days..." That's a jab on Chinese banks and the CCP.

Both!

Honestly they just need to deregulate/privatize some of the state banks

Start Here 11:20 have fun. :)

Michael JackMa has to beat it

This is kinda similar to a problem the Indian govt. also has to deal with, with what are here called NBFCs (Non-Banking Financial Corporations).

Only the economic implications justify this whole move and I wish our governments would put a leash like this to our banks too

“But relax”, they only took his liberty away 😉

Jack Ma has said he would do anything for the CCP including giving his company to them. So, anything that benefits Alibaba benefits the CCP.

@jonathancastin5010

3 жыл бұрын

India, 🤡

Jack Ma better chill out with what he says he's not in the united states

@aussieboy4090

3 жыл бұрын

The fuck you mean? Zuck is literally went to trial for meddling in US election. Guess in US big tech controls Biden. Vice versus in China.

@PatchyConvert

3 жыл бұрын

@@aussieboy4090 Nah, the CCP are corrupt enough on their own. According to the state run media.

@joela.4058

3 жыл бұрын

@@aussieboy4090 Zuc did not "literally go to trial" wtf are you spouting. He had a hearing in front of congress

@aussieboy4090

3 жыл бұрын

@@joela.4058 Big Tech controls Beijing Biden. And that's what will happen if Jack Ma is too strong.

Jack criticized the Communist Party hurt the head of the Communist party's feelings

Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.

@user-vl6df5gz4l

3 жыл бұрын

I invested in both gold and crypto but the crypto is more profitable

@jenniferjerry6886

3 жыл бұрын

The 2021 stock market has been wired and proven difficult to invest

@bradlycortis6584

3 жыл бұрын

The 2021 Real estate investment is good but i rather invest my money in cryptowise choice.

@cryptodailytradesignals5870

3 жыл бұрын

Stocks are good crypto is better

@user-mt5ib9vh7b

3 жыл бұрын

@Patrick Peter That won't bother you if you trade with a professional like Mr Bryant Anderson

SUBPRIME LOAN? In SHANGHAI, if you are singal with local Hukou, you can only buy one property, with 30%-35% cash. if you get married you can buy second property with 70% cash. BTW, balance sheet of PBOC has only expanded by 7% since 2018 and is shriking in recent months.

@thechloromancer3310

3 жыл бұрын

Subprime loans are not limited to real estate. A glut of poorly planned business ideas getting loans from finch could very well lead to a Chinese subprime crisis.

@dr.lyleevans6915

3 жыл бұрын

China is the most over-leveraged economy in human history. And by such a margin that saying “it isn’t even close” doesn’t give justice to the situation. This makes the lead up to the 08’ crisis literally look like a speed bump.

1:51/12:52 he really looks like Winnie the pooh

As with any good political move, it's both.

To prevent a financial crisis or to maintain control over the economy? I think both. Considering the Chinese economy arrived at the point when South Korea reached just before the IMF crisis, I have long predicted that China should prepare for such a crisis in the near future. It is quite natural, for nationalist leaders who want their economy to boost rapidly, to concentrate national resources into specific areas, according to Alfred Mashall's theory on industrialisation. So, during rapid economic development, both governments pushed banks to lend money at the lowest interest rate to certain companies which are designated by the government as being prioritised, like South Korean big giants, Samsung, LG, and Hanhwa et cetra. At the point where the national economy is transferring into the info-tech economy of which the service sector and high-value industry possess the largest potion, some of the prioritised companies could be exposed to the risk of finance credit crises. I'm not an expert in finance but from my knowledge, as one of those who experienced the IMF crisis, I would not be surprised when China runs into such a crisis. On the other hand, from my watching at Chinese society, there seems to be a certain sort of complaint about the CCP's control over the economy among the business community in China. And old-fashioned power infight among the CCP nobles too.

Awesome new intro graphic. Yeah, literally, from his mouth! Er, the event, you could be weird about it. Actually, the weirder you are, the more you may turn out to be right.

Both political and economic.

Bring back Simon

well to answer the question at the end... Why not both?

This video has too many cuts.

You should read Peter Zeihan.

Huawei is also owned by the state.

Talk is first

A subprime crisis won't happen to Chinese people, we are just way too cash rich. The issue is more of deflation when we simply stockpile way too much money.

Control the money control the people that's what it is all about to the state.

Why not both?

@Zappyguy111

3 жыл бұрын

No better way to support your regime than to have a legitimate excuse to strike down your opposition.

I believe in Eurozone it's a lot more than 1%

Just like in real life, things are rarely so simple as black and white.

When will Simon come back

"Hopes", well anyone can hope for anything, but by making the wrong decisions, such hope can easily turn into a nightmare. The government of China has been fueling a housing bubble for a decade, its local governments are extremely in debt, the central government will have to handle this with extreme care.

8:01, 1. Card Fees aren’t a given right to bank. 2. Card Fees are bad for consumers. 3. Card Fees were never a source of income to bank in China because people never used bank cards with merchants in anything close to a mainstream manner, Chinese went straight from Cash to mobile payments, skipping over bank cards entirely. Given these 3 points, why do you include this point in your video?

i find the previous narrator much better as well as the previous "inbetweeners". and also. why do you speak of China and show footage of Hong Kong? i personally think it is inappropriate since what the CCP did to Hong Kong. I lived in HK for some time and this way of portraying is simply insulting to the people of HK. my oppinion. everyone is allowed to have one. or so i heard. other than that, I find your videos very informative and not too much biased if at all. good work!

President Xi Jinping put a stop to the IPO OF ANT FINANCIAL. One could only imagine the catastrophe if the finances were to be in control of these corporate antities. You have explain the issues so well that I understand. JACK MA, CHIANG JEMIN, ETC would have left China in tatters under their control.Huh!!!

The rich stay rich by spending less and Investing more while the poor stay poor by spending more but with no investment

@user-xe9nh5fm7p

3 жыл бұрын

that's right

@pinnedyminoritymindset7233

3 жыл бұрын

Stocks are good but l must admit Crypto is doing well

@jasonpizzino3779

3 жыл бұрын

crypto currency is the future

@demislawson2582

3 жыл бұрын

I tried trading Bitcoin once but was confused and got discouraged by the constant rise and fall in price

@yuliangchang7625

3 жыл бұрын

You're right I can attest to his good works

I liked the bald guy much more.

It is economically motivated to prevent bubbles and crashes. In the west it happens regularly, it has become normal. The Party should keep the control. Somebody has to drive. The west crashes all the time. Who do you think will win the race ultimately? The vehicle with a driver, or the one without?

@ihavenojawandimustscream4681

3 жыл бұрын

Soviet Union never had economic crashes either. The sailor that adapted his travel routes to the movement of the winds,and the sailor that tried to control the storms,obvious which one will survive longer

Why are you showing Hong Kong all the time and not mainland China?

Jack Ma is back and I should relax? Your videos just get more eye-rolling as they go along. Seriously, guys, you have become a not so funny joke with your China pieces.

@thechloromancer3310

3 жыл бұрын

People that were spreading the conspiracy theory that Jack Ma was 'disappeared' don't need to relax - they need to get their heads out of their asses.

@syncconan5651

3 жыл бұрын

Yeah its really unfortunate that they dont present biased news. Perhaps you should stick to FOX news; seems more apt for your level of intellect.

@xt7519

3 жыл бұрын

@@syncconan5651 BUZZZ! Wrong. Don't quit the day job and for that juicy psychic reading gig, you've always dreamed of! :p It is ironic that you think these guys aren't biased, but then I'm guessing you actually have about the same relative knowledge about China and what's going on there that the average Faux New's junky has...

Loans to small businesses and individuals (for homes, for example) is how you allow the vast majority of people to accumulate wealth. It's a symbiotic relationship where banks make back money through interest rates, and the individuals build up equity, and in most cases, both sides win. In China's case, if all the banks are state run, then the incentive is to give money to those who can help you consolidate your political power, and when there aren't any direct elections the individual citizen is not your power base - it's others within your party. Functionally it sounds like the Chinese economic model is a modern feudal system, where the banks and companies are the new kingdoms, their respective CEOs are lords, and the central communist party is the king. Everyone else is fine with the arrangement as long as they're fed and entertained.

When examining CCP motives, do not look at teh money trail so much as teh power structure.

I wonder why Jack Ma named his company with an Arabic name

@ShubhamMishrabro

3 жыл бұрын

Cause of alibaba stories which were famous in silk road countries

@aussieboy4090

3 жыл бұрын

Inspired by Chinese silkroad. Alibaba was famous merchant on the road.

Just too much leverage, too many M3 without foundation.

WINNE THE POOH

@jonathancastin5010

3 жыл бұрын

Orange

@aussieboy4090

3 жыл бұрын

SLEEPY JOE IS PRESIDENT

Of course the reason is politics. The resurgence of Jiang faction is among the last of Xi new year resolution.

Inbetween the unserious title reading and you guys quoting literal state propaganda news sources CGTN I have a harder and harder time taking visual politiks serious.

@georgemoller2206

3 жыл бұрын

Yup, Me too.

Of course politics are a big part of this, but can also understand why the government want to be seen as promoting responsible lending. After all, when it goes wrong it's always the tax payers that have to burden the costs

Kinda agree with China here..

Did they seriously quote CGTN as a credible news source?

@hikashia.halfiah3582

3 жыл бұрын

All news site are biased to some extent, you simply need to know what's their bias and motive to learn which is possibly credible news and which is not. On the contrary relying only on a particular set of news site, disregarding what motives behind them or simply one in your filter bubble, probably is not too good of idea.

@jonathanchan3834

3 жыл бұрын

@@hikashia.halfiah3582 CGTN is a different story, being biased to a much further extent than other news sources, it's literally CCP propaganda controlled by the state, by definition not being a credible news source

@jonathanchan3834

3 жыл бұрын

@MUHAMMED WAS A COCKSUCKER i think the fact that the U.K government banned and fined them is enough evidence to know they're not a legitimate source I really can't be bothered to find an example

@jonathanchan3834

3 жыл бұрын

@MUHAMMED WAS A COCKSUCKER ok tanky i regret wasting time on this thread

STUPID QUESTION at the end. Why can't it be both? 😂😂😂

Just political honestly

As an electrician, im offended by the sponsors icon.

@gvtrivia6780

3 жыл бұрын

You are grounded

A little of column a little column b

10:30 This sounds like Ant is less of a bank and more of a loan servicer. 10:37 So, they connect you with a lender, but also lend a portion themselves? Comparing that percentage to a reserve requirement sounds like flailing for a link to foreign institutions no matter how tenuous. If Ant is connecting clients with a back-end lender, the macroeconomic effects of the reserve requirements come from how the underlying lenders are incentivised. This video gives just enough information to let an attentive viewer know that the Ant financial lending model and it's legal status in china are not exactly straightforward. Starting around 10:50 it is basically nonsense unless you were not paying attention, you are not familiar with the split between lender and loan servicer, or perhaps you are more familiar with he system than a viewer of Visual Politic can be expected to be. A servicer does not make the final choice on a loan being issued. The role of the fintech entity in these types of transactions is to as fast as possible get enough information exchanged between the parties of the loan such that they can both make a decision. Really, the lendee only wants a "yes" or "no" on if the loan will be given, the trick is getting the right data to a lender such that the lender is comfortable using an automated process based on that data to approve and reject loan applications. If Ant is paying part of the loan itself, it is not "just an intermediary" as claimed a 10:30 and things get weird.

Nice report yet it completely misses the point. First China scoops all bank deposits and uses them to generate GDP. Meaning the banks lend out the money to anyone who can generate jobs. The company doesn’t have to make a profit or even be something the government wants or needs, just generate employment. If the banks have less money, the government has less GDP. Second the government doesn’t want any system which would facilitate capital flight outside of China. Both of those are very bad for a country like China who is already over leverage larger than any other country in the history of the world both in absolute and relative measurements.

While your topic focuses on China (PRC), you keep showing visuals of Hong Kong.... That doesn’t feel right. As you know, Hong Kong is forcefully integrated into China during the past 12 months, despite of China’s commitment to adhere to the 1 country 2 systems principle until 2047.

savings rate is very high and social lending is huge there. If they get a credit based system, it will turn out like South Korea except on a huge scale, probably disastrous at some point. It’s still one of those societies where you can depend on close friends to lend you hundreds of thousand for business or home purchase.

Regarding "Ground News App", how the heck is someone who is a registered Democrat considered Far-Left news?

@sathinel77

3 жыл бұрын

Communist and Nazi regimes controlled free speech in Europe! We hate both! And Democrats do the same! Free speech is free not just if politically accepted! That's not anymore free! And look their politics! Everyone laughing on them in the world! That's why KZread try to ban dislike button on political videos! U accept the narrative or nobody care! They moved to far left!

This article must be very upsetting to the sinophobe hawks.

Economics