Some of you have noticed an error in this film. We incorrectly used footage of South Korea when talking about China. Thank you for flagging our mistake-a corrected version of the film is being uploaded.

@alfredoramirez-uw5ub

4 жыл бұрын

Well damm don’t y’all check before y’all post!!! Get with the program guys!!!! Y’all be looking like cnn

@Miguel-ly4bm

4 жыл бұрын

Also, have a french guy talking about American economy. Yeah, sure.

@alfredoramirez-uw5ub

4 жыл бұрын

XVC in China jaja I know right!!!

@jr.minimumweightldbc7177

4 жыл бұрын

Slanted eyes, same thing! Long live the Dollar! 💪🏼

@abditus5842

4 жыл бұрын

Credibility is everything. You are supposed to be a credible publication and in addition to the footage problem they’re was the obvious bias. Soundly like a CCP infomercial.

If you learn anything from history no one will stay on top forever

@Melissa-zy6qi

3 жыл бұрын

As the world wealth KPIs such as GDP per capita lock in the USD hence the cheapest the US is the more wealth the world will be. The cheapest he USD is the less debt the world will be. For example 1. GDP per capita. Let Say Iraq GDP percapita is 11K dinar. when Saddam was alive 1 dinar = USD 3.2. Meaning Iraq GDP per capita was USD 32,500. After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq GDP per capita is only USD 10. So where is the remaining of USD 32,490? 2. Debts Iraq has foreign debts of USD 1 million. when Saddam was alive 1 dinar = USD 3.2 After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq debts were 300K dinar in Saddam era. Now they were 1.1 billion dinar. Look at how scary Iraq debt default risk will be.

@dangwood91887

3 жыл бұрын

Very true. But if you look at the way the world has been progressing over the last century you’ll notice a system developing of a single world currency under a single world government with nations to act as states to the federal world government. The leaders of it? Just as the video said, those who control the money control everything. In other words, the global elite central bankers will rule this world but not in the shadows as they have for so long.

@Steventorres01

3 жыл бұрын

@@dangwood91887 and the Bible states that they want a one world leader

@jimneysweep9810

3 жыл бұрын

@@Steventorres01 they made up the Bible too

@Joseph-do9nz

3 жыл бұрын

@Elmore Agreed. Atheists are gonna continue to cry about it

It's going to be hard to become the world reserve currency when you have restrictions on your currency. It's very hard to get Yuan out of China, that's going to be a big stumbling block

@nsebast

4 жыл бұрын

Chinese here. Totally agree. China will surpass USA in almost everything in 10 years time - 2030. But to replace the $ as the preffered global currency is still going to be at least 30 years.

@jdivision79

4 жыл бұрын

@@nsebast Agree. Capital flow will be a problem for the foreseeable. Wealthy Chinese are doing everything they can to get their money out of China

@bestintentions6089

4 жыл бұрын

All money in china belongs to CCP , it's not hard to not see this.

@lionellayon6588

4 жыл бұрын

Anything about China is connected with virus. Manufacturers is moving out on that filthy country. The negative GDP of China shows weakness time to rest the dragon.

@alexandredubois9171

4 жыл бұрын

@@lionellayon6588 You should also move, but move from earth, this world don't need filthy people like you

After reading the comment section, I only have one honest advice: ignorance isn't the biggest enemy to humans, arrogance is; and it will come with a cost.

@cassielban5144

3 жыл бұрын

Can't agree more!

@iguiste23

3 жыл бұрын

Too true.

@BJerry-lu3ro

3 жыл бұрын

I like you already

@Melissa-zy6qi

3 жыл бұрын

As the world wealth KPIs such as GDP per capita lock in the USD hence the cheapest the US is the more wealth the world will be. The cheapest he USD is the less debt the world will be. For example 1. GDP per capita. Let Say Iraq GDP percapita is 11K dinar. when Saddam was alive 1 dinar = USD 3.2. Meaning Iraq GDP per capita was USD 32,500. After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq GDP per capita is only USD 10. So where is the remaining of USD 32,490? 2. Debts Iraq has foreign debts of USD 1 million. when Saddam was alive 1 dinar = USD 3.2 After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq debts were 300K dinar in Saddam era. Now they were 1.1 billion dinar. Look at how scary Iraq debt default risk will be.

@dannyboii4949

3 жыл бұрын

Exactly, the hedge funds and market makers of the world are about to learn the hard way

Well-planned economic crisis!

@muskduh

3 жыл бұрын

like all of them lol

@bl6353

3 жыл бұрын

guess when will the next economic crisis come?

@nickn2794

2 жыл бұрын

@@bl6353 Usually there's a crysis every 10-12 years. Last has been 2007.

Slowly but steadily, "America first" will result in "America alone"

@0649Hayes

4 жыл бұрын

Profoundly spoken!

@goldenvoiceofnepal

4 жыл бұрын

instead of america first it should be china last

@akiokoh7481

4 жыл бұрын

@@goldenvoiceofnepal at the rate the virus is going pretty sure America is gonna be last

@themarbleking

4 жыл бұрын

VoN why?

@aerojetrocketdyners-2538

4 жыл бұрын

Israel first*****-

Hello New World Order, walk right in!!!

America really needs to up their game as China is not sleeping.

@leonesperanza3672

4 жыл бұрын

China is asleep right now, dont wake them. If they wake up we might get covid20 galaxy x pro.

@thedarkness5133

4 жыл бұрын

Yeah, China is awake. Awake starting virus pandemics then trying to play hero with something it started in the first place..

@csanton3946

3 жыл бұрын

Nor America, China is dependent on US market for their exports, not only that they even have larger oil import requirements, no oil no growth. Thats why you have a trade war to make it harder for China to grow

Gives a whole new dimension when American politicians promise to take SWIFT action.

@Mapdotnowhere

4 жыл бұрын

ᴅᴇᴀʀ ᴍʀ. ɪꜱᴀɪᴀʜ ᴅᴇʀɪɴɢᴇʀ; XRP is the solution

@Dear_Mr._Isaiah_Deringer

4 жыл бұрын

@Lord ballsac the 2nd Technically it isn't HQed in Brussels but _La Hulpe._ However it doesn't matter where they are headquartered because the entire ledger, Data center or whatever you want to call it is mirrored and synced in three places: Belgium, Switzerland and US (somewhere in VA). Now by that nature SWIFT is from an operational perspective subject to three jurisdictions. Banks could hypothetically determine to settle on the other two to be uncorrupted if one jurisdiction would go rogue.

@Dear_Mr._Isaiah_Deringer

4 жыл бұрын

@Lord ballsac the 2nd They are all locations of the SWIFT system. They are just data centers, essentially huge ledger where banks and other financial institutions (i.e. clearing houses) keep track of their transactions. Yes countries are jurisdictions, ultimately.

@xavierzelda2940

4 жыл бұрын

She's my trader my neighbor introduced me to her, now I get my needs solved by myself

@ladderssnakes1755

4 жыл бұрын

All PRC has to do is make a new gold currency in denominations of 2kg, 16oz,8oz,4oz down to .5oz EXCHANGEABLE AT ANY CHINESE PORT,AIRPORT,DESIGNATED OVERSEAS PARTNERS FOR THE ACTUAL PHYSICAL STUFF. And every numbered note can be scanned into an app to instantly confirm its authentic. THEN AWAIT THE END OF THE TOILET PAPER CURRENCY, THE US DOLLAR

This is going to be a rough decade I can already tell. Expect a lot of major changes to happen even after the Covid-19 Pandemic ends.

@firstandforemost87

4 жыл бұрын

Even after? All the big changes have yet to come. Once the dust has settled, the free money has run out, and millions can confirm they have no livelihood, that’s when things will really get noisy.

@firstandforemost87

4 жыл бұрын

Evan Koch I’m hoping for something much much better than what I am expecting...

@davidmoore5004

4 жыл бұрын

I should have invested into Bitcoin no wonder people were doing it so often years ago nobody can trust government these days they control everything wither they it's Capitalism or Communist it's all still about money.

@davidpristupa1629

4 жыл бұрын

@ESBEE there might be big changes there.Just my opinion.

@jerrypeukert5732

4 жыл бұрын

@@davidmoore5004 That has been true since humans first appeared on earth.

I'm so old I remember when The Economist was legit.

@wongnaichungrd

4 жыл бұрын

Those days are long gone! I stopped subscribing after two decades. Not enough rigour in their articles these days and too influenced by fashionable causes like climate change. Does the Economist really think the Chinese economy is not built on sand? An authoritarian one party communist state with the worst pollution record, worst human rights abuser, the world's chief cyber thief and The Economist really thinks it's going to be the world economic leader. They also have a debt to GDP ratio of over 300%.

@user-id7cz4ei3d

4 жыл бұрын

@@wongnaichungrd ye, obviously you know everything better than economist.

@wanakamac

4 жыл бұрын

Que Onda Whey if you think the standards have dropped they want to know. However remember everyone is working from their home alone so please be kind

@ExtraordinaryLiving

4 жыл бұрын

@Oti Tororo ugari Huh?!??? Using Russia is a bad example ... because it collapsed [in the hands of U.S., gladly to say].

@ExtraordinaryLiving

4 жыл бұрын

@@user-id7cz4ei3d Well, may be @chris gordon does ........ You know, in America, we all know that we have the *FREEDOM of mind* to think and believe whatever we choose; we do NOT have to bow down to some proclaimed "experts" and grant them authority [of info, in this case] and hold them in higher places above ourselves!!!

Question: The Chinese banks have their assets in China, what is the quality of those assets, are the assets valued accurately.

@ExtraordinaryLiving

4 жыл бұрын

True! Remember that one canNOT trust China ... *the CCP China is NOT trustworthy!*

@JL-yt5hy

4 жыл бұрын

they have trillions of worthless assets.

@benartee9493

4 жыл бұрын

Valid question. The NPL Problem for Chinese banks is huge - but if the Gvt. Let’s the banks continue to exist and refinance themselves locally then this is not an issue. It’s a snowball system that keeps on rolling. Also because you can’t take your money outside the country.

@denisebay1737

4 жыл бұрын

ExtraordinaryLiving can we trust the US? Who put the info that CCP is not trustworthy into your head? Are you living in China? Have you ever thought about the possibility that you are brainwashed as well?

@denisebay1737

4 жыл бұрын

J L their assets are in Wall Street I thought? American government bonds for example

He who controls the spice controls the universe!

@henri6595

4 жыл бұрын

Dune!

@subhransusekharmohanty2523

4 жыл бұрын

I didn't get it.🤨🤔

@viruchamp

4 жыл бұрын

Lol !!

@viruchamp

4 жыл бұрын

@@subhransusekharmohanty2523 Remember East India company and it's business of spices ? During the age of imperialism .

@news2hedz227

4 жыл бұрын

@@henri6595 I can't tell whether they are referencing dune or the Indian spice trade?

What about trust? Can you separate it from currency?

@alexandredubois9171

4 жыл бұрын

jaja, it can, looks at US lol

@shubhamchaudhary5309

4 жыл бұрын

Ur talking about trust...when evry countries know about the china that they deliver defected products bt countries keep buying it

@willrocksBR

4 жыл бұрын

Bitcoin.

@rikadomez8201

4 жыл бұрын

Shubham Chaudhary conveniently forget the source of the 2008 financial crisis right

@jdam7331

4 жыл бұрын

José Carlos, great point Particularly in our side of the world there is no trust on the yuan, and there is confident on the dollar And this could change, but not sure how fast in latam

World reserved currencies? If only China open the book of her financial system.

@JL-yt5hy

4 жыл бұрын

lies, deceit and liabilities = Chinese assets.

@user-wt4zw8mw3i

4 жыл бұрын

THIS VIDEO is REVERSE !PSYCHOLOGY!

@user-wt4zw8mw3i

4 жыл бұрын

J L THIS VIDEO is REVERSE !PSYCHOLOGY!

@JL-yt5hy

4 жыл бұрын

Are you even going to try to explain your comment?

@kunoichi301

4 жыл бұрын

thats the problem their whole financial system like the chinese government is fraud lol

Stock is the oldest online market we have, we employed it because of the highest quality of services it renders and how successful it is.

@lucasparker6464

3 жыл бұрын

Businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.

@ferdinandw.8038

3 жыл бұрын

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

@glennlewis5270

3 жыл бұрын

The stock market has kept many on suspense from My prospective, I think investing in cryptocurrency will be a wise choice.

@westbryson1452

3 жыл бұрын

Crypto is new gold

@leonardowilliam5892

3 жыл бұрын

I think it’s a valid argument that the market is doing exceedingly well too for this week a relative to it’s past

China got y'all dancing on TikTok and staying awake on Grindr 😅

@yagirlllv3941

4 жыл бұрын

Luther Nicholaus exactly, its predicted that China will become the main global superpower by 2050, if that happens the world would probably look a lot like blade runner or a very cyberpunk look to it

@germanovicente4616

4 жыл бұрын

Grindr is Chinese ? 😳

@robbiekop7

4 жыл бұрын

Only tick tock in my house is my clock ⏰

@bepositive8255

4 жыл бұрын

Luther Nicholaus You are one hundred percent correct.

@alertaidiota6227

4 жыл бұрын

@@yagirlllv3941 owO Cyberpunk

Tencent seems to have its hands in everything

@keyboardmanyoutube3189

4 жыл бұрын

Then you should look at Facebook again dude

@reaudimills7947

4 жыл бұрын

Well, Tencent is part of a whole dollar

@drakeenviki1720

4 жыл бұрын

reaudi mills Lm ao

@ManojKumar-dk4sz

4 жыл бұрын

Pubg

@dougmorato

4 жыл бұрын

Tencent is at least 5 years ahead of any social network company in the west. I use it every day here in China as well as Facebook and so... and WeChat is in just another league. It’s just a matter of time to become a world leader. Along with TikTok and Alipay.

If the economist can’t tell Korea footage apart from China, would you trust its analysis?

@hanifhearts

4 жыл бұрын

Economist is a mouth piece owned by the elites for their propaganda. I watch it only to find out what they want the world to believe, where exactly their narrative is leading to and what interests lie ahead.

@zheli655

4 жыл бұрын

Hahaha everyone is suffering from the pandemic. It's a tie

@hancheng2732

4 жыл бұрын

Just because one part of the visual presentation is wrong, doesn't necessarily weaken its final argument. Simple logic fallacy. If I said, ice cream is sweeeet (obviously wrong spelling), doesn't mean that ice cream is not sweet. :)

@samreynolds3789

3 жыл бұрын

Daniel Cho Does NOT MATTER! ALL EMPIRES, RISE & FALL , ALWAYS FROM WITHIN! Don The Con is BANKRUPTING Amerikkka- USA 🇺🇸, that WAS IN DECLINE long ago! His/His ENABLERS jobs is to FINISH IT OFF! He is MASTER of DISTRACTION & MAFIA Tactics ! Later IT may be INDIA! Either way, IF VIRUSES don’t WIPE Huemans OUT , the EARTH’S Environment WILL ! Do ya think the EARTH or UNIVERSE will MISS us !

@hanifhearts

3 жыл бұрын

@@samreynolds3789 In India too their masters have placed a similar goon who frequently cheats and lies. Modi. Both Trump and Modi are provided the same cliche blueprint for the destruction of their respective countries. Have you noticed that they both speak the same words and have the same actions within short time intervals? They are both provided the same strategy by a company called APCO.

The world is gradually moving out of the, I work for my boss era and people who choose to be entrepreneurs are securing a brighter future for themselves,

@sophiarhchard7999

3 жыл бұрын

People are scared of investing because of the high rate of unprofessional brokers everywhere

@antoniowright2496

3 жыл бұрын

@@sophiarhchard7999 Yes there are unprofesionals but real brokers are still out there for investors

@christianmuller9900

3 жыл бұрын

@Victory Michael Really you know him?, I even thought I'm the only one he has helped walk through the fears and falls of Crypto trading

@christianmuller9900

3 жыл бұрын

Mr Gerald is obviously the best, I invested $3,000 and he made profit of $28,000 for me just in 15days

@desmondlewis1359

3 жыл бұрын

investment are stepping Stones for success..you are absolutely right waiting for the government to provide is a big waste of time...

Definitely overestimating the level of political and monetary stability in China...

@asdfghjkl92213

4 жыл бұрын

TheDaleDalek investors don’t think so tho

@ericshang7744

4 жыл бұрын

so far, shops opened, factories producing and people stated to travel again, money still safe in the bank and no one is printing trillions of $$ or borrowing trillions of debt... so yes, China is doing alright, don't you think?

@dongliu7739

4 жыл бұрын

@BiteSized Ask someone who is actually in China...

@mikema7714

4 жыл бұрын

@BiteSized you are just like saying there is an excellent student who got a high score in exam but you failed, you can only say: oh cmon man, it's totally fake! he couldn't get that grade unless he…………interesting:D

@pakde8002

4 жыл бұрын

Exactly. China manages to launch a bus into low orbit and suddenly the question is raised will China surpass America in space exploration. America has already sent two spacecraft out of the solar system and has very sophisticated missions mapping the surface of Mars. Anyone investing in China is doing so on a short term basis. The profits are parked in America.

I'd rather have my savings in potatoes than yuans. I distrust that government so much.

@stevesiringer1958

4 жыл бұрын

Not disagreeing... But which Govt. do you trust?

@inigoro5177

4 жыл бұрын

@@stevesiringer1958 none, but dictatorships would be at the end of my choice, that's for sure.

@jake567100

4 жыл бұрын

Pumba how is that relevant?

@inigoro5177

4 жыл бұрын

@Pumba Where did you learn this childish argument?. I have no choice but to buy from China, almost everything is China made. Anyway mine is not from China, despite some components are most likely made there.

@maxdc988

4 жыл бұрын

Similarly, Chinese people have a distrust of foreigners since time immemorial, especially those who flaunt their self-righteousness.

As the fall of a great empire occurs, you go through the same steps: 1. Rude awakening period 2. Denial - Disbelief of all facts 3. Anger 4. Exhaustion 5. Acceptance 6. Hit bottom We are at step 2

9:27 "as the world recovers from the virus..." aaawww, sweet innocent May2020

@Melissa-zy6qi

3 жыл бұрын

As the world wealth KPIs such as GDP per capita lock in the USD hence the cheapest the US is the more wealth the world will be. The cheapest he USD is the less debt the world will be. For example 1. GDP per capita. Let Say Iraq GDP percapita is 11K dinar. when Saddam was alive 1 dinar = USD 3.2. Meaning Iraq GDP per capita was USD 32,500. After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq GDP per capita is only USD 10. So where is the remaining of USD 32,490? 2. Debts Iraq has foreign debts of USD 1 million. when Saddam was alive 1 dinar = USD 3.2 After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq debts were 300K dinar in Saddam era. Now they were 1.1 billion dinar. Look at how scary Iraq debt default risk will be.

@CasperFiles1969

3 жыл бұрын

@Drukstylz Get ready for lockdown. Atleast in the West as for the east is complicated.

The title should be, How Covid-19 will be used as the pretext to a new financial order.

I saw this video in its entirety, and I still don't understand how this pandemic will help China.

@BBERNIER

4 жыл бұрын

me neither xD

@LunaJLane

4 жыл бұрын

china is showing just how untrustworthy they are during this pandemic they caused. I agree that I don't see how any of this helps china.

It’s a video about China but there are some footages in Korean... I assume this mistake could be a misunderstanding about these two different languages.

Wow. ...Does anyone else remember back when The Economist produced rigorously researched, well balanced articles? This video feels like it was made by the smartest writer at “Buzz Feed” or Yahoo News.

It's like a miracle.... It's going to one day disappear 😂😂🤣🤣🤣

@PushyPawn

4 жыл бұрын

Technically, he is correct that It will disappear. But because of a vaccine not a miracle and over several months not one day. Keep in mind, he is a 'special needs' president. At least he's not advising to shoot up bleach anymore.

@banglaanimeproject9036

4 жыл бұрын

@@PushyPawn Trump is an idiot....... Lol

@snmrz

4 жыл бұрын

@@banglaanimeproject9036 ya funny how China told the world there was no human to human transmission of the virus. Look at where we are today... Funny huh?

@zidongwang8067

4 жыл бұрын

Mehedi Sojib nah he is a miracle

@thomasloiacono3816

4 жыл бұрын

Crimson cause it spread to other countries. But china already knew of human to human transmission

Some clips that are supposed to be China are actually Korean, including the lab scene and bus disinfection. And the frame showing Chinese paying apps.... it’s an iPhone 4 I guess? A few apps shown on the screen have been obsolete for years... Use some newer materials to make videos, please!

@Melissa-zy6qi

4 жыл бұрын

That's how the western creates propaganda through their paid social media.

@tevayawl

4 жыл бұрын

Actually it’s not the bus, it was KTX train, express train.

@waterloop12

4 жыл бұрын

Why you picking on these? How are you so sure? I’m sick of seeing you hongkong or taiwan internet warriors flooding the media comments with distorts. Leave us some peace, go wreck some stores in your city.

@tituskilonzo9766

4 жыл бұрын

USA is worse and media bias.

@Annnabannanna

4 жыл бұрын

@@waterloop12 at 4:02 it was a korean street.

China was playing chess this whole time

AL Jazeera just reported that the US Dollar is still the worlds most trusted currency.

@redlion145

4 жыл бұрын

@Michaelangeo Re Gold isn't a currency, it's a commodity. You can't walk into a department store with a hunk of gold and expect to pay for things with it. It's useful in a variety of applications, and that means it has intrinsic value, but it is neither as liquid nor as widely traded as currencies.

@calgarycowboy2

4 жыл бұрын

The world's most printed monopoly currency based on huge debts.

@larryholou

4 жыл бұрын

Michaelangeo Re Gold or any type of physical assets.

Russians have digital wallets too. And don’t forget cryptocurrency

@anatolyrozhkov851

4 жыл бұрын

I'm in Russia and believe me most people here don't use crypto stuff

@chloegeng1092

4 жыл бұрын

Cryptocurrency is not very well accepted due to its unstable value and it’s mostly used by business rather than consumers. Besides many countries have digital wallets yes but China has turned it into the most common way of payment. You can hardly see cash or bank account payment here since a couple of years ago

@szaki

4 жыл бұрын

What's wrong with chip based credit cards? Every one has it?

@anatolyrozhkov851

4 жыл бұрын

@@chloegeng1092 sounds really impressive, but wouldn't it be like detrimental for the government and other services to encourage this policy? I mean like you can use crypto for things like money laundering and nobody would ever know.

@nickplays2022

4 жыл бұрын

Anatoly Rozhkov I’m not sure about that, there were cases of exposure of the Bitcoin owners for certain. But shell companies can use any payment system

"I'm beginning to see a pattern, and I'm not sure if I like it"

@jacobzindel987

4 жыл бұрын

This guy needs to pull his head out of Xi's propaganda punch bowl. Noone trust the PRC anymore.. Firms are moving out of China in droves now. COVID19 is going to make them more powerful? Lol

@joelcastaneda7638

4 жыл бұрын

What do u mean Hackerman

@joelcastaneda7638

4 жыл бұрын

What pattern u mean?

@vincentdesun

4 жыл бұрын

@@jacobzindel987 you probably need to open your eyes. China will probably be the only major economy that can avoid having a recession in 2020.

@anthonycampos504

4 жыл бұрын

Joelcastañeda The rise of totalitarian governments and their infiltration of the West

The reason there is a distrust on China helping other countries during this pandemic is because we are so used to the fact that challenges are taken advantages by Western world powers to hit on their adversaries. So the idea of helping humanity is so alien to them

Many fair points but it sounds like an advertisement for China. Try getting money out of China and you will find it very difficult.

@ErsatzGhost

4 жыл бұрын

Yea this guy is a joke. Clearly paid by ccp

@DeadTalent

4 жыл бұрын

They are bought and paid for by China.... Try to wake up.

@nunyabidnis3815

4 жыл бұрын

@@DeadTalent Covid is still killing folks in the US.

@larryholou

4 жыл бұрын

01010000 01001001 01000111 well, I guess anything that doesn’t agree with you is fake news to you or paid by China, Russia, Iran, or North Korea government.

@DeadTalent

4 жыл бұрын

@@larryholou pussios like you are gonna crumble when men like me flip.

the funny thing is , all negative news about china are in american English, and all non negative news about china are in British or European English.

@flyingdutchman6984

4 жыл бұрын

👍👍

@wmsantos6346

4 жыл бұрын

Wrong, listen more closely.

@Lisa-je2un

4 жыл бұрын

It makes you think it's objective but the subliminal message they present is that China is the one benefiting from the virus.

@jacksmith8289

4 жыл бұрын

Thats why we should watch both news, and compare.

@minlittle3253

4 жыл бұрын

Finally I found the smart people .

Seems like a Chinese propaganda commercial

@Ryan13HSE

4 жыл бұрын

Sampath Reddy don't China money is like a miracle, it will disappear 🤣

@prsarochen4583

4 жыл бұрын

@Rakesh Bhat these two are all brainwash. Western medias make the people believe they are not brainwashed. However, Chinese know the media is controlled by the government. When they use ladders to see what the western medias say. Chinese find that these Western medias always report fake news about China.

@fortunatocardenas

4 жыл бұрын

TOTALLY agree with you.The economist is funded by communist money. Pathetic propaganda

@juncruz9013

4 жыл бұрын

@Liu Yuen Yee That question maybe you should ask China, and they will give you unusual answer - Donald Trump.

@JL-sk8fs

4 жыл бұрын

Everything these days seems like Chinese propaganda commercial...bunch of sellouts

What a masterpiece ...I wish if he talked about PetoYaun futures contracts

Money needs trust and China is in the opposite side of the word trust.

@jaysaison8819

4 жыл бұрын

China is a true virus in this world.

3:07 mark is not China but Korean

@user-ok8gp4vx3t

4 жыл бұрын

nah

@jung.k

4 жыл бұрын

You mean the writing but yeah that is Korean they were in a hurry

@tannedpotato5375

4 жыл бұрын

Western medias are not worth watching. Known as a propaganda for a while

@moron001

4 жыл бұрын

@Alan Lee That makes me sick.

@yyc3491

4 жыл бұрын

They view all the square shape patterns as Chinese characters

Transparency of information is the bedrock of trust.

@mikerinaldi7170

4 жыл бұрын

Bitcoin

In my view that will be brought about by the US itself through the use, often politically, of the swift system againgst foes and allies which has incentivised them to look for alternatives to the Dollar. The replacement may not necessarily be by another currency such as the Yuan or EURO.

@user-tb6qr7cu4z

3 жыл бұрын

I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So l really appreciate your transparency and giving people a Fighting chance during these troubling times

@themartiniguy9840

3 жыл бұрын

This is 100% true self made millionaire like Warren buffet and bill gates , never made it depending on paycheck neither were they salary owner . I think investment should be on every wise one's list and currently all of it is online . In a month or two you'd be ecstatic about the decision you've made

@mrmoneytv7066

3 жыл бұрын

@@themartiniguy9840 I hope it won't be such a big deal to ask you what you invest in ?

@themartiniguy9840

3 жыл бұрын

Another massive income idea should be trading to be more precised , the forex market or Gold(ETF) . I have been investing in this avenues for a while now and my investment has been great with profits coming in constantly

@Melissa-zy6qi

3 жыл бұрын

As the world wealth KPIs such as GDP per capita lock in the USD hence the cheapest the US is the more wealth the world will be. The cheapest he USD is the less debt the world will be. For example 1. GDP per capita. Let Say Iraq GDP percapita is 11K dinar. when Saddam was alive 1 dinar = USD 3.2. Meaning Iraq GDP per capita was USD 32,500. After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq GDP per capita is only USD 10. So where is the remaining of USD 32,490? 2. Debts Iraq has foreign debts of USD 1 million. when Saddam was alive 1 dinar = USD 3.2 After Saddam was hung 1 USD = 1100 dinar. Meaning Iraq debts were 300K dinar in Saddam era. Now they were 1.1 billion dinar. Look at how scary Iraq debt default risk will be.

This is exactly why they released this biochemical weapon on the world 🌏

Someone paid for this report

@joshua549413569

4 жыл бұрын

of course because its pro-China. anything pro China is a propaganda

@nothing9220

4 жыл бұрын

It's normal reaction when you don't hear what you want to believe...

The entire world should be terrified that an even more authoritarian, not to mention homogenous, government is gaining leverage in global economics...

@carpediem6568

4 жыл бұрын

Smart increases in global Chinese economic influence, along with its growing use of AI recognition and strengthening of authority rule, while the consequences of long term irresponsible Republican financial liberalism are showing its cracks, puts us both on a tetonic collision course.

@sea2959

4 жыл бұрын

what?

@carpediem6568

4 жыл бұрын

@@sea2959 China gets more authoritarian every day. And the use of AI recognition is Big Brother come to fruition, really scary. And while Republicans trashed our Treasury, squandered our wealth with never ending liberal tax cuts and economic incompetence, China used its wealth to invest around the world, buying influence and making alliances in developing nations. By the end of this year, the US will be at the limit of sustainable debt to GDP ratio, while China is barely breaking a sweat, as well as making inroads in world currency status. Can you see where this is heading? The AI technology is not relevant at this point, more of a conspiracy thing, I admit. But combined with cyber crime, it's a scary scenario to contend with, especially with China emerging in dominance. They have repeatedly stated they intend to take number 1 spot in the world. And Republicans gave it to them on a (fake) silver platter.

@meklowthelemur861

4 жыл бұрын

Classic example of "Greater evil" huh?

@Pushed2InsanityYT

4 жыл бұрын

Let's put an end to capitalism and live together peacefully as Humans and not Indians and Americans

All part of the plan

Inaccurate on too many counts. What a shame. The Economist used to be much better! Professional economist.

@JL-yt5hy

4 жыл бұрын

so true. i didnt even watch it.

@Zergcerebrates

4 жыл бұрын

Which part is unaccurate, or was it something that you didn't want to hear or accept that made it inaccurate?

Why would you use B roll of Korea when you talk about China’s response? 3:04 is a Korean lab and 4:03 is the KTX. 이코노미스트의 품격을 떨어트리는 영상이네요. 실망하고 갑니다.

@JK-bl9ct

4 жыл бұрын

Tyler Rasch 앗! 타일러다!

@moron001

4 жыл бұрын

유명인이다.!!

@searachen3285

3 жыл бұрын

Aren't you the guy from that TV show?

@chi__z

3 жыл бұрын

좋은 지적이네요! 감사합니다👍

If a couple of months of low activity is enough to topple the economy it just goes to show how rotten and fragile the whole thing is

Who else remembers that magazine who foretold the transfer of power to China? Crazy!!! I remember seeing that years ago and now it’s happening.

If closedowns or shutdowns are the norm for the future, be it for covid or the next flu outbreak, then we are in for a tough period both psychologically and financially. For years we never closed the country, going back to the dreaded 1918 influenza event.

Why do you keep adding scenes of South Korea in this video? Isn’t this supposed to be about China?

@MashiroShiina

4 жыл бұрын

Seungdo HYUN where?

@eze__95

4 жыл бұрын

That one small clip..... And everything else was China, Hong Kong, London, America, and other parts of Europe..

@Balakrishna-wd3wy

4 жыл бұрын

🤣🤣🤣🤣

@stevenwang9572

4 жыл бұрын

Agreed, cannot figure out what do they mean for both chinese and koreans

@jongeunkim9254

4 жыл бұрын

@@sahilarora1986 actually gold has very little to do with it. This isn't the middle ages

Historically, Chinah has been a cash ‘transactional,’ economy, flipping quick deals in real time to turn a cash profit for the CCP In order to compete with western countries over the last 20-30 years, they had to learn about the world of international credit. I personally think they overestimated their skills and the timeline. With CV-19 blowing back in their face the outcome is nowhere near as certain as they had hoped. It’s probably the only chance in time where the west can rebalance the books.

Where can I read the article ? Can someone say

Report back again when most factories move out of China and millions of Chinese suffer from lack of jobs or income, especially when they rely ever so heavily on exports.

@josetrisan8646

4 жыл бұрын

why do you think that will happen?

@linliu7966

4 жыл бұрын

you're right

@JL-yt5hy

4 жыл бұрын

spot on

@JL-yt5hy

4 жыл бұрын

@Vaibhav Sharma the most tragic part is Hk will be completely destroyed due to China interference. They have ruined the goose that lays the golden egg.

@JL-yt5hy

4 жыл бұрын

@Vaibhav Sharma what policies are they?

Most of the kits were faulty...edit that!

@user-rf7ci4tw3r

4 жыл бұрын

90% of kits around the world come from China😂

@dragonstormdipro1013

4 жыл бұрын

@@user-rf7ci4tw3r No it’s Germany and SK. Chinese kits have failed in most basic tests throughout the world.

@AvalancheZ250

4 жыл бұрын

The test kits that got sent to Spain and Italy a few months ago? Turns out they weren't faulty; they just had specific usage instructions that weren't followed because they worked differently from European and American designed test kits. Various news outlets initially reported that the tests were faulty but didn't bother reporting that they (Spain and Italy) eventually got them to work.

@joputhiyaparambil07

4 жыл бұрын

@@AvalancheZ250 Reference?

@stuckathome068

4 жыл бұрын

Lol that’s silly. How could China beat the virus domestically with faulty kits? Simple logic

The perfect storm...Also, we in the States don’t do “neutral”. We prefer the hegemonic approach to financial and geopolitical relationships. Apparently, so does China.

@PhiloSurfer

4 жыл бұрын

@@thonks8729 Who can be more authoritarian than Trump?

China offers you a deal, you can accept or reject it. The US will make you an offer you cannot refuse.

An ideal world would be multiple poles, Europe, North America, East Asia, South Asia...

I don't mind changes as long as no human is being suffered or killed.

Everyone forgot what anyone in the Depression knew: what is important is food and shelter. People on farms eat like kings. Give away your basic, bottom rung labour (farming, food production, real manufacturing) and you are subject to any disruption that comes along. Business is great so long as you have a consumer base that is employed and can buy your (distractions) goods.

Thanks Metchew!

Next Up. World Goverment. One Currence

Master yourself at this time. The money will come.

@TheLegendOfNiko

4 жыл бұрын

Working Harder Thank you.

@polarspirit

4 жыл бұрын

I master bed myself at home

Obviously no one from the Economist has lived long term in the last 5 years in China to understand the true situation. China's financial goodwill has extremely low influence throughout the world, with or without the USA. This is because of drastic cultural and political differences and aspirations from the rest of the world. There are severe limitations (often tightly controlled by the po_lit_burro and chief Winnie the Pooh) to using the yuan, China based bankcards, Unionpay, Wechat or Alipay both within and outside of China. Most rich people in China are always looking to move their money outside of China and in different currencies. As an American going into Bank of China in China to do basic banking you are treated like an inmate in maximum security jail. Can't use most truly international banking tools or branches if you are a foreigner living in China. Honestly, the worst part of living in China is the banking. Mobile wallets are also tightly controlled with transfer, maximum, and other limits. When you do step into banks in China, you will see anything from shouting matches between old people and agents, people playing phone games loudly on their mobiles, staff refusing to help you because of your nationality, people cutting in line, waiting 90 minutes in line for another 90 minutes of trying to do an international transfer. It's a complete mess. It's like banking in medieval Europe, only with modern technology. How is that supposed to convince the rest of the world to the yuan a try?

@Yangbowendw

4 жыл бұрын

You should check your spelling before pretending to be deep.

@FriarTucksHeavenly

4 жыл бұрын

I spent five years in Beijing, until December 2019, and I totally agree what you've written. TheEconomist appears to have done a 'Deal with the Devil' aka CCP.

@FriarTucksHeavenly

4 жыл бұрын

@@Yangbowendw t0 cent Army?

@FriarTucksHeavenly

4 жыл бұрын

@@Yangbowendw 50 cent Army?

@Yangbowendw

4 жыл бұрын

@@FriarTucksHeavenly Lol and u unemployed?

Thanks

3:46 the classic that will never grow old

This is really counter to how China is looked at by the entire planet now

@maxdc988

4 жыл бұрын

Depending whether the person is wise or ......

@usaslastresort1126

4 жыл бұрын

Thomas Wong someone sounds butthurt MR WHONG

@Degenevesting

4 жыл бұрын

@@usaslastresort1126 you a 50 cent army troll?

@Degenevesting

4 жыл бұрын

@@maxdc988 another 50 cent army troll

@tk9060

4 жыл бұрын

@@usaslastresort1126 I know you think you're having a go at someone seemingly Chinese, but Wong is a Cantonese surname, from HK, who are probably anti China.

Wow the Economist has become par with the National Enquirer.

Can we switch to DEF-COM 1?

China doesn’t allow direct ownership of foreign investment, only through “holding” companies can a non Chinese buy into China, so no China cannot challenge the US as the world’s currency, not even close, whatever scheme or influence (obviously the Economist has some question as to bias or why would we be seeing this argument that conveniently omits the point that China only manipulates investors but will never allow them any absolute ownership, that after all wouldn’t be very communistic now would it.

@anbusiness5368

4 жыл бұрын

Unicorn 1 don’t be too complacent.

@youngz13o

4 жыл бұрын

Your missing one point, China doesnt need more foreign investors in China. They already have enough.

@raybod1775

4 жыл бұрын

China is building its financial influence throughout Africa, Russia, Iran and South America. It will soon make an alternative to SWIFT that they will provide to its developing trading partners.

@asdfghjkl92213

4 жыл бұрын

Tesla?

@raphaelzhou5422

4 жыл бұрын

Check the new project of ExxonMobil in China, and Tesla. The time has changed…

Trump blames China. Meanwhile, we've largely done it to ourselves...

@batista94110

4 жыл бұрын

You decided to act on America first and back down of most global institutions. The impact is that while you step down, China step up and win influence on geopolitics. It will have a major increase on there economical growth!

@jamesjpak

4 жыл бұрын

100%

@Brwnsugar

4 жыл бұрын

And our government still lies and steals. All for 💰💰💰☠☠☠☠🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸👍👍👍👍👍

@KootFloris

4 жыл бұрын

Indeed, the GOP corruption, Trumps spending and global companies who don't care about the USA, even when founded within.

@klchai7884

4 жыл бұрын

Trump will make the world great by expediting the speed of varnishing of America, this will make the world great, the world will be more peaceful then.

진지하게 보고있었는데 3:07 “분석후” 뭐야 ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ

how different is this from MPESA ?

I find this report to be reflective of the situation. There may be a serious military conflict the moment US' financial dominance is in danger and this day may come sooner than everybody might anticipate.

economist must be paid well by the ccp to say this just like the who

@rejviahmed7092

4 жыл бұрын

well said

@edmundstavrostsirimiagos2839

4 жыл бұрын

Or perhaps you are in denial of the shift in the global balance of power

@littlepandatravel8915

4 жыл бұрын

@@edmundstavrostsirimiagos2839 u get me wrong, trying to be sarcastic , bad wording

@edmundstavrostsirimiagos2839

4 жыл бұрын

LittlePandaTravel Ah, I see - my bad

Quite a few issues with the info here.... 1 - China has capital controls, therefore will never be the reserve currency until this changes 2 - Alipay and WeChat Pay may be accepted in many countries, but is only usable in countries outside China by Chinese nationals with an ID and verified account, so for anyone else the availability is irrelevant There are more, but I'm already fed up typing on a tablet. Edited to clarify "outside China".

@WillJ99999

4 жыл бұрын

wechat and alipay is usable by anyone, dont have to be chinese....i'm not chinese and im using it now

@LiamNI

4 жыл бұрын

@@WillJ99999 are you using it in China? Then it works. I actually meant "outside China", which is not allowed for foreigners. Trust me, I know this first hand as I have both payment systems.....

@WillJ99999

4 жыл бұрын

@@LiamNI partially true, because it depends on each country. in my country, many banks have an application that allow any shops to be able to receive payment via wechat/alipay, so now chinese tourist (or me who have wechat/alipay) can pay with wechat/alipay if the store registered with the bank new application or any mobile ewallet application that support wechat/alipay payment (that isnt associate with private bank). though not very common now but its definitely possible in the future that it'll become a common thing. The only limit wechat/alipay have is that it must link to a chinese bank account, but now my country have 2 chinese bank open, ICBC and BOC, so there you go..... However i dont see them dominating the market of ewallet in my country due to the existing competition in my country, but i do see them being distributed all over the world in the future due to the abundant of chinese tourist travelling around, especially asian countries

@LiamNI

4 жыл бұрын

@@WillJ99999 I have 2 Chinese Bank accounts and can't use either wallet outside of China, even where it's available to Chinese nationals. I'd be interested to find out how to use it overseas if it's possible. Living in China is basically impossible now without one or both of them.

4:01 the video shows Southkorea not China. Know your source, report correctly.

@adrielrodriguez137

4 жыл бұрын

Fake news

@takyeonkwon4800

4 жыл бұрын

Even at 9:28 the video shows South Korea instead of China

Yeah I’d like to see an full audit of chinese bank to trust them.

@MACEDONIAbitola

4 жыл бұрын

grospipo20 oh when was the FED Audition I think I Missed it ? Don’t make the FED the Angel they are From from that.

@grospipo20

4 жыл бұрын

MACEDONIAbitola I am not talking about the Chinese Central Bank! I am talking about their commercial Bank. But that is besides the point, the point is that China tend to inflate all their numbers.

@wuhui

4 жыл бұрын

Lol, let's all inject bleach into our veins too t o fight covid

@grospipo20

4 жыл бұрын

S G I get it you are mad because the Chinese economy is base on lies! Im that case don’t be mad at me be mad at your government

This piece made me think, and I learned what SWIFT is.

@Mii.2.0

4 жыл бұрын

Phil Swift?

@waleed8530

4 жыл бұрын

@@Mii.2.0 international wires

Great video.

Without major moves toward transparency, will not happen. And one-Party governments have big problems with transparency.

@Zechariah8780

4 жыл бұрын

And the two-Party governments do have major issues with efficiency compare to China. All forms of government are flawed

@ribaldi

4 жыл бұрын

M Zechariah You do realize totalitarianism has an extra benefit for said government.

@Zechariah8780

4 жыл бұрын

@@ribaldi What's said government?

I thought I could trust the economist for objective opinions. Now idk what I can trust anymore

@Emira_75

4 жыл бұрын

fushiizzles there was no subjective view here don’t be salty cos Trump is f*cking up America

@louzynerd129

4 жыл бұрын

?? they just showed you facts and information, take it or leave it.

@vwgl1169

4 жыл бұрын

to the original author/anyone who can guess- what about this was subjective to you ? genuinely just wondering bc I'm not sure

@mousetoad7040

4 жыл бұрын

@@Emira_75 No one with eyes can deny Trump was restoring the USA's economy in an unbelievable way. But we all expected a planned crash prior to the election to restore the path of global corporate fascism. After all, the US media couldn't destroy Trump, nor could the FBI. China provided the needed crisis to wreck Trumps economic boon. So now everyone gathers in the South China sea....

@SuperSeigerman

4 жыл бұрын

This is part of a special report that takes a deeper dive to this problem. The main thing is that America has been increasingly weaponizing our currency ever since 9/11. Trump has accelerated this issue but he did not start this. It's just that the more you become dependent on something to get your way, the better other people will get at countering it.

Looks like propaganda

@erdazheng5012

4 жыл бұрын

yeah, anything positive about China is propaganda. How dare China to challenge the west

@richie-l8022

4 жыл бұрын

@@erdazheng5012 well，Do you really think u know the west?things are not it looks like ,there are lots of potential problems in westen society,dont even about china?different policy,different culture,keep staying in your dreams,china is future!it was,and it will be

@carlwei7559

4 жыл бұрын

@@richie-l8022 I find it amusing when fools drowning in their imagination, assuming others were extremists, but it turns out they are themselves.

@carlwei7559

4 жыл бұрын

@@richie-l8022 BTW, could you type in an appropriate way? You are doing it like a 90 on a wheelchair.

The app payment system is interesting. It avoids credit cards.

@LiamNI

4 жыл бұрын

It doesn't really. It replaces a debit card. No credit function on WeChat Pay or Alipay. You need to have money loaded or a bank account linked.

this should be shown in tv as a documentary for people in the future to make well informed decisions on votes for government clear paths that they will follow in their term for the country finances

Culturally, China will never beat America/Western English culture. People forget culture aspects of world influence.

@vincentdesun

4 жыл бұрын

Culture wise, Chinese are VERY confident they have the upperhand. After all, the entire history of US is shorter than an average Chinese dynasty. There are much more wisdom embeded in the Chinese culture than anywhere else in the world simply because it's the longest continuous civilization on this planet.

@PeWangYolmo

4 жыл бұрын

@@vincentdesun mate, im talking about media, tv shows, movies, cartoons, books, english language, democracy, unspoken rules of life like. These things have more impact to the world. Yes, the chinese are strong in their intrinsic culture (lack of a better word) that keeps them embedded in their way of life rather than convert to western thought and lifestyle. But would you be interested in celebrating chinese new year, wearing the colour red for prosperity, using we char, being in a communistic society, speaking and writing in mandarin? Nope. And im guessing thats the case for 99 percent of non Chinese people. But half the world wants to speak english, listen to western music, watch western movies, be like western people, wear their clothes etc etc.

@vincentdesun

4 жыл бұрын

@@PeWangYolmo don't you know there are more Chinese than any other language beside English? Yes English is the most popular language, but that's mainly because Britain and then US have been the most powerful countries in the last 200 years. China's population triples what US and UK combined, people will, and many of them are already learning Chinese today. Of course the influence of Chinese can't match that of English today, but the upward trend is very obvious. If you have an East Asian face, you can go to any south Asian country and locals will try to sell you stuff with broken Chinese. English is the most popular language for now, but don't take granted it will remain so perpetually.

@vincentdesun

4 жыл бұрын

Plus, people are not interested in dressed up like western people, instead they are merely interested in dressed up like MODERN people, hence no one dressed up like cowboy or in Victorian style despite they are the most "western" look culture wise. In case you haven't noticed, Asian people have their own dress code and make up style, people in Tokyo, Seoul, and Shanghai (also many other cities) are well dressed and they look NOTHING like western people. Japan used to be considered am exotic eastern country for being the only rich Asian country with eastern culture, now if you add China and Korean (and soon Thailand, Vietnam) in to the mix, their dress code, living style and behavior becomes not an exception, but an alternative to western culture.

@ranjankumarbaral6084

4 жыл бұрын

@@vincentdesun Then why China has learned so little in those long years?

It's not like the US is actually "truthful or transparent" regarding its intentions either...

@luiscuellar685

4 жыл бұрын

It's a situation of the lesser of 2 evils

@cecaloather8701

4 жыл бұрын

So China which does not have a record of toppling governments, which does not have a global network of military bases, which does not interfere in the internal affairs in other countries, which last invaded a country 40 long years ago at the instigation of the US doesn't seem much of an evil to me.

History moves in a spiral. The Great (Grand) game enters a new phase, after independence by the former Soviet republics of Central Asia (Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Kazakhstan) led to a new revival of the Great Game and the emergence of new players.

yes, when CHina say "hold my beer"

I don’t hear the voice off any economist. It’s layman’s view.

@333bctan

4 жыл бұрын

Then dont watch the channel la bro .. 🤣

@carolleenkelmann4751

4 жыл бұрын

you don't have to be an economist to add up and be logical. "Consuming" is the disease. And I like my independence. Reliance on Plastic and digital money may be convenient but it is more relinquishing of personal independence and accountability.

@ravishingravi

4 жыл бұрын

Exactly. It’s a dumb down simplistic view point.

@Kangroo11

4 жыл бұрын

complicated things are simplified in this video. read a book then

Editors of the video don't even know where they got the videos from. 3:06 and 4:02 are South Korea not China. How credible:

TRUST NOBODY I DONT EVEN TRUST MY OWN FAMILY

Wonderful analysis.

I LOVE how they Try to make you think it is BECAUSE OF COVID-19. Let's be SERIOUS, it is only about US and trump, that may bring those changement and instability through the world.

@continualvariability3345

4 жыл бұрын

Huh? What do you mean?

@erniellerena

4 жыл бұрын

wha.....?

The report forgot about the Digital Yuan, a digital currency designed to make SWIFT obsolete.

@ultrasonicradiation

4 жыл бұрын

Mo`a 'Anbessa Ze'imnegede Yihuda Any currency is worthless without the backing of a major nation or organisation. The value of a currency is also dictated by laws of economics. If people are willing to use it as a form of translation, then the market will attach a value to the currency.

@pf993

4 жыл бұрын

@Mo`a 'Anbessa Ze'imnegede Yihuda the idea of a totally decentralised currency at its best is the same as true pure communism, an utopia that will never exist.

It sounds about right. I mean they invest more in Vietnam than you can imagine if you're not in the industries, you can hardly tell. And they slowly and effectively capture the consumer credit market. Their interest rate and fund are really tempting.

@everythingisaworkinprogres5729

2 жыл бұрын

Yeah, I know more and more people who were getting into debt with Chinese lenders when I was living in Laos only a few years ago.

So many talking about difficulties in switching to yuan while Wi himself only talked about diversification

there has to be more transparency in every fanancial system!!

@freemind5321

4 жыл бұрын

CCP will do anything to take over the global economy. They could make transparency in the financial system and after their currency dominate the global then they'll change it back to the previous (CCP) financial system and we'll all f*up. That's what we suppose to fear of and CCP is one big cunning firm, never let them fool you. Just opinion. Nohate.

@randomdude189

4 жыл бұрын

Anton Walker learn English first

@AidenNyte1

4 жыл бұрын

That will never happen!!

@wuao1914

4 жыл бұрын

well the US is transparent but only gives false data

@altrag

4 жыл бұрын

​@@freemind5321 China can't really "make transparency in the financial system." If they could, they would already have done so. Basically if they're as strong as they say, then showing that win is most definitely in the interest of the CCP who really can only retain power as long as China keeps growing indefinitely (which totally worked for the housing market around 2008.) So being able to show that growth would be a giant benefit to their image. The fact that the CCP is so opaque about such things suggests that they're not doing so hot. I mean I doubt they're actually _failing_ (that tends to become obvious very fast) but its likely the growth they report is both at least a little exaggerated but more importantly is probably built on a fairly shaky foundation, and exposing their cracks could potentially expose the risk of other countries (or even sufficiently funded companies or individuals) learning exactly which post to knock out to bring the whole thing crashing down.