I left 14 months ago for Thailand, and relieved I did.

@Mattsta2010

8 ай бұрын

9 years there...left 3 months ago to Vietnam.

Excellent interview!

Unfortunately they over relied and banked on property. Sales and prices are down dramatically, even more than official figures suggest. Listings are super high and confidence at all time lows. Inventory of developers are also a problem ,causing a serious cash crunch for heavily indebted dev. This also affects a myriad of industries related to housing - furniture , electronics, renovations, housing materials etc. As households struggle to pay mortgages and experience massive wealth destruction tied to home values , consumption will drop. Local govt income will fall due to far less land sales. As dev defaults rises, potential buyers will avoid developments of future homes. I think it is multi year problem.

@rap3208

6 ай бұрын

It was actually the government that satrted it all the trouble with Evergrande and the real state sector. If in the US there are sectors/corporations too big to fail, that's not the case with China. When the chinese government saw Evergrande existing with unlimited borrowing, they imposed policies to stop that and they never bailed out Evergrande when it fell as a consequence. This "experts" always get it wrong because they think China will do it the way the west do it. They don't get that the political system China has that they are always vilifying makes them different that they can do things the west can't do or can do but too late.

@user-kn1oo1be4r

5 ай бұрын

Real estate is deliberately suppressed by the Chinese government

But IMF is saying that China's GDP in 2023 will grow +5.4%, indicating a strong post-covid rebound. So who is right about China??

Avoids Discussing the elephant in the room. 30 years ago Chinese was generations behind in technology, infrastructure, manufacturing, etc. China's plans to address this was to seek foreign investment, "partnering" with international companies dangling the prospect of huge Chinese markets, and literally stealing technology via espionage. China inflated their GDP growth using state controlled reporting mechanisms to encourage massive foreign investments. The real estate debt has 3 main components: Chinese businesses, chinese individual investors, and foreign investment. I believe letting the debt default on the Chinese businesses and investors would collapse their economy and possibly the CCP. Therefore, I believe the CCP will allow bankruptcies to occur which substantially keep the Chinese businesses and indivual investors whole, but totally default on foreign debt. Something similar is occurring in their manufacturing with international companies abandoning their investments as they exit the Chinese markets (Tesla being the exception). The Soviet model does not work, and China is revisiting the Soviet conclusion.

@MasticinaAkicta

7 ай бұрын

Yes, the foreign debt will just be defaulted on and the chinese parts will be kept running as long as possible. Of course, the banks also have foreign debt, EVERYTHING in china seems to have foreign debt. So defaulting on ALL the foreign debt will pretty much destroy the creditrating for easily ten years or longer. Which leaves them with what... generating their money, sure at inflation levels. Which is just as destructive. The biggest worry should be how much foreign traders got stuck with chinese debt. How much of that will have to be written off and what that means for the people who actually deserve that money. How many funds will have to bring out letters off, "Some bad investments lead to us having to write off a huge amount"

@thomasherrin6798

6 ай бұрын

Foreign investors in China at present deserve all they get, hopefully it's "their" money. Tesla are between a rock and a hard place I suppose they are making money and they might as well continue until the "wheels" fall off, China has BYD but it's not a patch on Tesla and Tesla has other factories worldwide, China needs Tesla more than Tesla needs China. China's model looks like the Soviet model, more than the Japanese model, but the CCP will spend all its citizens money to stay in power, and it has all the levers to do so!?!

@mizanrahman5194

5 ай бұрын

We have been hearing Chinese collapse since 2001and 21yrs later China is within striking distance of America. Check the facts and get real. China is undergoing structural changes, and is still expected to grow at 5 percent which is well above average of major economies bar India. By the way India is less than 20 percent of India economically.

@user-je3kx6fw7e

4 ай бұрын

Don't worry about China. When the Jews were crucifying Jesus, the Chinese invented Paper money. I think they know what they are doing. Since their money is toilet paper, they will just ditch the Mao RMB note, and come out with the Xi Jinping note. Maybe they will blame everything on Mao? Maybe they will blame everything on the evil capitalist system? Then employ the rioting masses in the army to attack Taiwan? You see the Communists always thought that money was a 'means to an end'. Because look around China: All the skyscrapers, and freeways, and roads, and bridges, have been built. This is reality. Who cares about anything else, and especially maintaining the Western Monetary system of investment. Furthermore: The Chinese Government has just about every dollar ever given them by the west. They simply printed RMB to give their people. These dollars will come back to inflate America into an early grave, when the Chinese flood the market with them, along with their treasury bills.

I'm adding, perhaps having not heard about it yet in the blog, the effect of the real estate collapse ' influence on the BANKING & SHADOW BANKING system. . .certainly catastrophically significant!

This channel should have Ray Dalio on the show, to tell us all there are no problems in China and we should invest 😅😂

@richardkut3976

9 ай бұрын

Ray the Red.

@DanSme1

8 ай бұрын

Ray is a joke.

@henryshen1156

8 ай бұрын

Ray had no clue of CCP.

@richardkut3976

8 ай бұрын

@@henryshen1156 Ray is clueless? I doubt it!

@Birch37

8 ай бұрын

@@henryshen1156 Ray has no idea about China, financial risk or geopolitics either

Rent all the houses out cheaply? Maybe demand for houses will shift to other areas as they are for living in, not speculation. Too much focus on housing everywhere, too expensive.

@shinniex

5 ай бұрын

There’s enough housing in China to give a family two houses for free. There’s no way cheap rent will solve the issue.

Good interviewer. Questions are pertinent and detailed striking at every angle.

(1) real estate is a good investment only when the time you flip it, someone is there to get it off your hands with a profit for you. (2) to be attractive it has to have local income, not a dead town with no people, no income, no tourists and no sustainable local GDP (3) local government should collect property tax, that money will help the development and infrastructure, in which then to build a livable and vibrant city to attract residents and businesses. (4) Piling up the bricks to build buildings with no local economic development, is nothing more than kids play Lego in an adult version

"Pin the donkey on the person" - I've never heard that expression before, but it fits the context perfectly

Good, comprehensive, overview. Guest really knows his subject.

They have massively overbuilt the only investment families have. No way to fix….

I live in a country that loves taxes, invented VAT, etc., but at least I see where the taxes are going (roughly), and for pension and health care the tax money is directly allocated to these. The fiscal system in China is maddening, so much is based on "land sale auctions", it's totally ridiculous.

@davidlee7997

8 ай бұрын

Go to military industry

@tigading2177

8 ай бұрын

LOL you must be living in another country, cause Birmingham the 2nd largest city has gone bust with London running out of cash, and had to bring in new taxes called ULEZ. UK govt "clear and transparent" LOL slow down on the kool aid bro. LOL

@somponesakdy826

8 ай бұрын

I would say half of China bubble money that they enjoyed in the past thirty years is financial from the. Too bad Xi Jinping didn’t enough patience to wait to bring down US Dollars; he screwed it up.

@daydays12

8 ай бұрын

There is no connection between Birmingham's bankruptcy and ULEZ.. the Ultra Low Emission Zone in London which aims to reduce the extremely damaging air pollution in London. I agree that the UK government is not clear and transparent. @@tigading2177

@namelesswarrior4760

8 ай бұрын

Which SHIRE do you hail from? Young hobbit?

As an unofficial Asia expert, I highly recommend this podcast. It’s very accurate and succinct. The overarching issue is the shift from “Deng Theory” to “Xi Thought”. From 1980-2015 Chinese leaders and policy was based on Deng Xiaoping ideas of modernisation, opening, socioeconomic pragmatism, lifting the economy to raise living standards, etc. Thats what drove China’s expansion and his model was continued right up through 28:12 Hu Jintao. But Xi has taken over, made himself premier for life and installed “Xi Thought” as their driving principles of governance. Xi Thought is focused on socialism with Chinese characteristics, CCP involvement and preeminence in everything, deepening Leninist devotion, “One China” and growing political influence globally. No economics. No raising of living standards. So an economic downturn that hurts the wealthy more than the poor, that partially rebalances distribution of wealth, is less of a problem. Bottom line, the challenge from China has shifted from economics to security. They won’t become the economic powerhouse they looked like they might, but they will be a challenge in security in Asia and beyond.

@awjames1121

8 ай бұрын

Usa very silly.stupid mistake is pretending usa is very rich? And anyhow waste money until now usa are in very very deep financial debts and troubles?? We suggest usa not to pretend usa got no problems any more??.reason is usa keep on sweeping usa troubles under carpet is actually pretending that usa is nice and clean?? But the bad smells has already starts.?? So it is no good and unhealthy for usa to every day keep on breathe the unhygienic smells?..

@willsmith39

8 ай бұрын

I agree with a lot of that except the "economic down turn that will affect the wealthy more than the poor". Even if we accept that that's the genuine aim beyond jingoism and rhetoric- and colour me skeptical on that given Xi's family personal net worth and that of his cronies - it will be a first in world history if they can preside over economic contract ion where it's not the poor that pay ultimately. I can't even imagine what that would look like actually.

@hanfucolorful9656

8 ай бұрын

Your tirade is packed with clichés from Western media 你的长篇大论充满了西方媒体的陈词滥调

@jim2376

7 ай бұрын

"Xi Thought is focused on socialism with Chinese characteristics . . . ." Xi Thought is a misnomer. Xi is a dictator. "Xi Thought" = Xi Dictatorship.

@roberts2697

6 ай бұрын

If the US and its allies are so worried about the economic down turn in China, they should stop sanctioning Chinese companies ,the US should stop putting pressure on its allies to stop supplying Chips or lithography machines to China..They should stop trying to contain China or destroy chinese companies like Huawei.The US should also stop smearing China everyday and propagating fake news such as Uyghur genocide .The US should stop creating/ spreading covid and blame China.It is now proven that coronavirus was created in the US. The first transatlantic coronavirus experiment between the US and the UK was in 1966. The first spike protein vaccine for coronavirus was produced and patented by Pfizer in 1990.You should watch what Dr. David Martin has said at the EU parliament on May 2023.

Autocracy along with inability to lose face is what is causing the downturn. Putting off corrective actions at the micro and macro levels due these issues is allowing the chickens to come home to roost all at once. Just like Mao, Xi's propensity for dictatorship will lead to China's downfall unless descenting voices can be allowed to correct the trajectory.

Where is your VIDEO?

@richardthegingerbo909

7 ай бұрын

Radio killed the video star

I loved the 64 trillion yuan question “comment.

Just returned from my second trip to China. 2 more to go before the year ends. Was brought to see whatbthe west called a 'ghost town'. The locals explain it's far from that. Too long to describe here but the whole township was designed for civil servants while the government agencies are being relocated to new buildings. Yet to occupy. Meanwhile many are travelling and shopping. Property is only one part of the economy. So is China going bust yesterday? Afterall they have been predicting this annually since more than 15 yrs ago..

@helenrushful

8 ай бұрын

Actually, real estate is more than 30% of the economy (Chinese figures, not the West), and the ‘market’ is nothing like the Western model: the CCP own the land and incentives the developers to build and sell the leases, ie, for all intent and purpose and the whole problem is run and owned by the CCP. So it’s nothing like the 2008 crash in the US at all. Add to that the largely ignored fact that China has a LOT less than 1.4 billion people, in fact it is likely to be more like .8 billion. This is on a scale unseen anywhere at any time in human history.

@willsmith39

8 ай бұрын

Real Estate is 25 percent plus of core GDP v something like 5/6 percent in The US so it's actually pretty damn important.

@coopoylozenge5964

6 ай бұрын

Not really. These predictions of economic woes have gathered momentum in the last three years or so, supported by the economic data coming out of China. No doubt there were earlier predictions but the volume of newsflow has been more recent and data driven. Note also that the public sector has an important role but does not generate revenues - in fact it consumes them.

@rap3208

5 ай бұрын

@@coopoylozenge5964 It gained momentum since the last 5 years due to the increased US government and media disinformation about CHina. The US is bent on kneecapping the rise of CHina because it can't compete with China. The US is actually waging a one-sided cold war against China since the years you noticed the change. The US is bent on protecting its hegemony.

Just went to China for a month for a multi city tour, restaurants, hotels and trains are full, no sign of slow down.

It is a contradiction in itself for an autocratic system to have a high degree of economic development.

@mikerussell3298

7 ай бұрын

The US is an autocracy for the rich, China is a Socialist Democracy for the people.

@richardthegingerbo909

7 ай бұрын

China is neither very socialist nor very democratic.

@foreigner299

7 ай бұрын

Exactly. It is impossible to have a free-market, capitalist economy with a autocratic political system. The USSR has proven that already. Also, was not mentioned in the interview, is the collapse of the globalization which ruled the world in the last 30 years or so. But that's no more. China does not have the customers who bought its cheap products, especially in the face of the US and Western Europe, which are by far the largest consumers on Earth. Every export-based economy will come to collapse at some point as it's dependent on others for its growth. This is also one of the reasons China will never become a rich country.

@amunra5330

7 ай бұрын

How? It works for the US.

@61weihao

6 ай бұрын

Are you saying, in last 30-40 years, China is either not autocratic system or they don’t have high degree of economic development?

Mainland China has no property tax, which is the main source of revenue for local governments in other countries.

@malin5468

8 ай бұрын

I was wondering about that and the income tax system in general. Is there a provincial income tax?

@kanweiwu7339

8 ай бұрын

@@malin5468 When I lived there, no local tax was levied.

Since we don't know if China will collapse into regionalism, as history suggests, I would really want to know any clues about what the army thinks.

@user-tj3pw5rd3t

8 ай бұрын

They must wait for Retaliation from China. Unless you thing Chinese are fools.

@ishaks8152

8 ай бұрын

They are thinking of removing xi fast & furious.

@thomasherrin6798

6 ай бұрын

The "Army" don't think!?!

@rap3208

5 ай бұрын

China is most stable country, far stable than the US. Their government enjoys more than 95% approval from their citizens for years now. It is not China claiming this, it is from Harvard University that does an annual study of China from 2006 to 2019 (cut short by the pandemic). Your idea of their army doing something is another wishful thinking stemming from you constantly being disinformed/misinformed by your MSM.

@generessler6282

5 ай бұрын

Good point. The number of imprisonments and disappearances of high-level PLA officials - which is way up - is a sure indicator that Xi is worried about this, too. Indeed a big problem the speaker didn't mention is that Xi has eliminated all top leaders that had enough ability to ever challenge him for leadership. The country is being micromanaged by the B team.

Proverbs 12:13 Verse Concepts An evil man is ensnared by the transgression of his lips, But the righteous will escape from trouble.

All boils down to greed n corruption this is the result come clean n slowly rise up again learn from this painful lesson hopefully

Gosh interview - looooong questions. Just ask and let the guest speak.

@daydays12

8 ай бұрын

I agree with you.

A few million out of job , same as every country more or less. It wii survive like every other countries in this present situations and it will change for the better, expanding the far away villages, etc....... it is a new upgrade

Should have listened to Confucius. Too late

Why does the US and other western nations like Australia where I am, want to maintain business ties with China if China is collapsing?

@amunra5330

6 ай бұрын

Because China is not collapsing. The old colonial mindset is wishing China collapses but it is not.

Gerry Baker looks like Peter Mansbridge

0:37: 📉 China's economy is facing serious challenges, including declining manufacturing activities, falling exports, and financial instability. 4:30: 💼 China's real estate sector is experiencing a crisis due to overbuilding and excessive investment, with property prices falling and transactions volumes collapsing. 9:06: 🏢 The Chinese government is taking measures to address the real estate problem, but is cautious about implementing heavy stimulus to avoid further instability in the economy and financial system. 13:09: 📉 China's economic model is facing systemic problems and needs a dramatic overhaul. 17:40: 📉 China's current economic policies and government leadership under Xi Jinping are unlikely to change, leading to potential economic troubles in the future. 22:13: 📉 China's macroeconomic structure and governance are not fit for purpose, making a successful transition to a dynamic sustainable economy unlikely. 26:06: 🌍 The outcome of China's economic power and its impact on global governance remains uncertain, with a weakened China potentially posing a threat in international relations. Recap by Tammy AI

@robbrand922

9 ай бұрын

So much doubt but China excels

@justmenotyou3151

7 ай бұрын

China's belt and road went bust.

@accountantthe3394

6 ай бұрын

​@@justmenotyou3151Source trust me bro 😂🤣

@justmenotyou3151

6 ай бұрын

@@accountantthe3394 Numerous sources. Can't just stay with one opinion when trying to see what's going on.

@accountantthe3394

6 ай бұрын

@@justmenotyou3151 Feel free to cite said sources, let's review them together

China is not the real problem. WE are! Consumer debt to income hit 40%, highest since 2008 39%. We are swamped in debt with high inflation and interest rate.

@tuorofgondolin8235

8 ай бұрын

Yeah, but we're not going to be invading Taiwan anytime soon.

🎵🎶🎵Bye bye American Lie (Pie) LOL 😂😂😂

@RPSartre01

9 ай бұрын

Bye bye Chinese Dumpling filled (with cardboard)😅

@mizanrahman5194

5 ай бұрын

Die Die America Die 😭

So that was 1998 my father died 1997. Maybe thats why lost track.

I dont click on KZread to listen to the radio

How can economy grow with a decreasing population ? Given all the other factors of course

Lets hear some USA crises, one hears that besides homelessness, there's now vehical residency. Look forward. 😊

You can’t build anything on a corrupt political social system.

Why are we so concerned about the failure of China's economy, will the failure of China's economy cause the US economy to fail also or would be really good for US and boost the economy?

@chillxxx241

8 ай бұрын

Wall-street and China figured out ways to funnel US investment funds into Chinese stocks. Trump tried to stop it , but was unsuccessful. Canada’s largest retirement funds have slowly withdrawn money, but US retirement accounts are still exposed.

@ishaks8152

8 ай бұрын

Made in usa.

@chillxxx241

8 ай бұрын

It will be very bad for the world economy. It might be as bad or worse than 2008. The US, Canada, and Mexico should fare better than most because they are more integrated now. There will likely be famine in China and possibly North Korea. The potential immigration issues in Asia will make what’s going on in Europe and the US look like child’s play. The US and EU will have even less money support African nations, so I could see famine there as well. Conditions are already so bad in Africa that we have seen multiple coupes and civil wars start again. It could get very very bad… Our generations have never seen Great Depressions and World Wars because the US has been able to hold order with its allies, but this could all change.

@SW-fy8pq

7 ай бұрын

I am very glad that you are one of the few westerners who might know about the truth. The US media and politicians have been demonizing China for decades, their views of China are also distorted. I suggest you check out the video clip of Kishore, the ex diplomat of Singapore, he knows both the US and China very well, he has also been invited by business forums and summits in many continents to talk about China and the US, his views are more reliable than any western media.

@mizanrahman5194

5 ай бұрын

​@@chillxxx241USA had allowed World Bank in 2001 to grant China membership hoping China would either toe its line in regards to foreign/economic/defence policies or would socially/economically/politically collapse, and afterwards pave the way for USA and its willing allies to step in as it happened in Afghanistan, Iraq, Libya, Somalia and numerous other places in Africa and Latin America. Hopefully USA will miss the chance this time around and let others take care of themselves.

.. how about your USA 32 trillion dollar debt...

@junkscience6397

9 ай бұрын

Right on cue! ALWAYS, there's some butt hurt Bot screaming "But Whatabout America?" lol. SO predictable!

@IAm-NotHear

9 ай бұрын

Point of order...it's not how about, it's Whatabout

@FRIPPE_THE_GREAT

9 ай бұрын

China's OFFICIAL debt is higher than US.

@johnheaton5058

9 ай бұрын

The world wants dollars so the USA will always be able to run a huge deficit....unlike any other country.

@ssuwandi3240

8 ай бұрын

Right additional $1 trillion per annum just to service the debts dor next 10 years.. Inflation adjusted my bumm

Volume to low

I hope China remains stable. Good Lord.The alternative is unimaginable

Can a country have increased economic participation by women, at the same time as bearing two point one children?

@audreywineland1426

8 ай бұрын

Excellent question!!

@mikerussell3298

7 ай бұрын

"Women hold up half the sky " Mao saying ,which allowed China to propell itself to world Power with a moderately wealthy people.

I like the technical language the guest uses - "oozes excess equity".. My word! and the "interviewer" talks way too much.

What happens when the US dollar looses its status and cannot export the debt?

@henryshen1156

8 ай бұрын

Worry about RMB collapse before the dollar. Stronger currency will win between USD and RMB. After RMB collapses, USD could be next.

@geoffmcintosh3

8 ай бұрын

@@henryshen1156 I would not be so sure . Most of Chinas debt is domestic so the govt can regulate that. The US debt is overseas. If China and other countries stop buying bonds because they are not required for trade, I think the USD could go first. Saudi, France and UAE among a lot of others are now trading outside the USD

Autocratic governments usually end with a big bang.

West: "China will collapse at any moment! " (since 1995 LOL)

China's economic crisis is the biggest story of the next few years. What about when the Chinese middle class lose their life savings from this insane real estate bubble? Can the CCP maintain control after that?

@christopherelliot4964

8 ай бұрын

Would it require repression or intimidation?. . .

@vocvoc9895

8 ай бұрын

No one mentioning the fact that many 1st and 2nd tier cities still have restrictions on none residents from buying houses, and also set limits on house price, as low as 50% of nearby 2nd hand housesi it's called "限价，限购"。People have to take part in lottery to have a chance to buy houses, some times 3% buyers got the tickets.

Excellent. Very objective . More informative than hundreds of pages written by lesser so called China experts. Thank you and well done chaps

@gyurmethlodroe1774

8 ай бұрын

WSJ repprts just like CGTN

@hanfucolorful9656

8 ай бұрын

How do you know it is [Very objective]?

@gyurmethlodroe1774

8 ай бұрын

@@hanfucolorful9656 because 50 cent said so

@buildmotosykletist1987

8 ай бұрын

@gyurmethlodroe1774 : You are a 2 cent CCP bot denying the obvious decline of the CCP.

@tradermike1

8 ай бұрын

​@gyurmethlodroe1774 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

This is by far the best analysis on the current economy crisis in the People's Republic of China, or any analysis on the economy of the PRC, I have heard. The ecomony of the PRC straddles between global free market capitalist economy and a quasi socialist economy manipulated by a dictatorial government. It's like a sixth grade spelling bee with one kid getting letters fed by her father hiding behind the curtain. To properly analyze and to properly project the Chinese economy, one must take into account the guy in the back who keeps tipping the scale by stepping on the weighing plate. The manipulation of the RMB, the uneven playing field due to bias government subsidy, the artificial propping up of a particular industry (e.g. housing, EV, cell phone) are just a few examples of why your standard theories of economy cannot be applied to the eocnomy of the PRC. Data coming out of the PRC are absolutely unreliable for the purpose of any analysis or projection, because (1) they might be overinflated or underreported, (2) they might be manipulated, (3) they might just be straight out lies. Any evidence of advance in an industry might be an illusion, because (1) you're only seeing what they want you to see, (2) most of the components of the key product of that industry went through R&D elsewhere and were stolen and copied without the necessary understanding to re-create them, (3) they only consist of hollow shells put together to look good.

@henryshen1156

8 ай бұрын

Spot on. Data coming out of Chinese government cannot be trusted. We can’t take face value of what they publish. How many time the west has been fooled?

@Leshic2

8 ай бұрын

Well said. I have had these same views for years now, but you laid it out much better than how I frequently try to do.

@allowedme

6 ай бұрын

@jckbquck If You are 100 % correct then millions are starving, most can afford a bicycle, they still living in a cave and many houses are made of mud. You can tell Biden that there is nothing to worry cause China is poorer then India and homelessness is a population of the US.

@accountantthe3394

6 ай бұрын

By all means...keep downplaying their achievements lol

@kennethkong5484

6 ай бұрын

Every year for the last 30 years, some Western expert predicts China collapse. Check your own backyard

How will this affect the BRICS?

@floxy20

9 ай бұрын

Don't tell anyone but BRICS is an irrelevancy. Talk of it allows authoritarian rulers to puff up their chests without accomplishing anything.

Very good; thank you so much for the disinformation.

The host talked too much. You don’t need 60 seconds to ask a question.

@daydays12

8 ай бұрын

Yes, you are right.

Its hard for us average thinkers to try and understand China's current problems . The days of fast economic growth and rising living standards are probably over . According to the CCP this is not necessarily a bad thing . Probably average Chinese people will go back to wearing all military green clothes , wearing the same sort of footwear and indiviualism will disappear.

@ishaks8152

8 ай бұрын

- - - - - - and ride bicycles again.

@icet6665

8 ай бұрын

@@ishaks8152 YOU MEAN E LECTRIC CARS

@richardpeychers4076

7 ай бұрын

Sounds like the WEF plan to cancel fashion and have everyone wear a uniform.

@justmenotyou3151

7 ай бұрын

​@@icet6665that catch fire

@Lawrence-sk2os

7 ай бұрын

Danie, especially in Hong Kong.

no big deal, worst before year 1980.

We who were working in Architecture and Planning in China all new the bubble would burst one day. No one understood what was driving things with the massive ghost cities that were being built. One must ask was the shiny modern city with its towers the right typology for creating the city ? It may have been better to build cities lower and closer to the ground taking into account nature and health of natural systems. Who will maintain these tall buildings in the future ?

@MasticinaAkicta

7 ай бұрын

Oh yes the super ugly chinese appartment buildings. So high, so many, so close to each other, so... well USSR. No smart planning there. It is just area that is bought with debt, then sold to people who go in debt, build with debt and the whole game is to get the most out of it before it crashes.

@louiswilliamterminator2887

7 ай бұрын

Don't worry about who will maintain the buildings far Into the future. Tofu constructions and gravity have found their own solution 🤣

@coopoylozenge5964

6 ай бұрын

Mr. Dynamite

How bad is it, not as bad as the US

@miaomiaotoo

9 ай бұрын

😂😂

Hello, we are in Malaysia and YES!! THE LAYMAN BRO.

I listen to WSJ in 2012 and didn’t invest in China’s real estate. I missed the whole boat. WSJ always talk about problems, but never the solutions. Chinese government always come up with the right solutions. I won’t trust anyone who doesn’t read Chinese.

"Free Expression at the WSJ" 😂

jinping is bringing mao 2.0

Wow alway talk about ad of china

Oh yeah maybe you should be opining on the economy of the UK. the Chinese economy is gonna grow 3% this year. The uk economy is gonna grow .3%. Except the Chinese have prices dropping due to production efficiencies.

The one asking the questions needs to learn to shorten his question length

China’s hyper-shadow banking “system” (if it can be labeled that) has reached its mathematical limit and is imploding. China has NO ‘firewall” risk system to prevent a cascading contagion. The real question is about the degree of Western exposures to pending defaults.

A video that doesn't move?

I think China has hit the wall much like Japan did in the 90s. They no longer have a demographic tailwind, they have a demographic headwind due to the pre-one child policy kids hitting retirement and not having enough youth to carry the economy. The oldest "one child" children are now in their mid-40s and entering the post prime period of their careers. Their real estate meltdown will likely take real estate from 1/3 of the economy to less than 1/5 of the economy like the developed world, and it will likely be less than that as the bubble's real estate inventory and the debt to build it is worked off. They will face falling foreign investment and exports due to the CCP's wolf warrior policies and the end of growth. Finally, they are at the stage where easy high return infrastructure investments are over, and a lot of the current Chinese "investments" may never give economic pay back. Take all those issues, and realize that China really needs to transition from an investment based economy to a consumption based economy, and to succeed you have to imagine they will succeed where Japan failed, despite having more problems to face than Japan had.

@sciencelad8286

9 ай бұрын

China was made with euros and dollars, just like Russia. Once these autocratic regimes feel strong enough, they will bite the hands that fed them. They take everything you offer, and steal what you don’t, and they never give a single penny in return.

@ssuwandi3240

9 ай бұрын

Consumption based economy has failed in US esp when the source was primarily debts. Investment backed by sound money in a moderately regulated market would be more sustainable as long as wages are in steady growth

@dancahill9585

9 ай бұрын

@@ssuwandi3240 Good luck with all that, Chief. It will be as successful in China as it was in Japan.

@ssuwandi3240

9 ай бұрын

@@dancahill9585 Japan wages had been stagnated until very recently which has been fueled by exports. Consumption thru debts scaling without fiscally monetized expansion is called Socialism which basically one day the Government is running out of others people's money.

@dancahill9585

9 ай бұрын

@@ssuwandi3240 If you think China's economy will be successful on the path it is on, by all means, invest all your money in China, lol. Don't be surprised when you can't get it out due to capital controls. Also don't be surprised if the Chinese company you invest in is cooking its books, because China kicked out a lot of foreign accountants and consultants who wanted the books to reflect the truth.

China's GDP growth is forecast to be 5% for 2023 and 4.5% for 2024. The USA GDP growth is forecast to be 1% for 2023 and 0.5% for 2024.

@floxy20

9 ай бұрын

Will the last person still to believe China's GDP figures please turn out the lights.

@whilewaitingforthemothersh5366

8 ай бұрын

It’s easy to get 5% GDP . Any country can have it . Just write down 5% and don’t show how you calculate the figures . It’s been working for China …

@namelesswarrior4760

8 ай бұрын

@@whilewaitingforthemothersh5366 just like the US printing fake money. enjoy the food stamps when the US gov can't print fake money anymore.

@namelesswarrior4760

8 ай бұрын

@@whilewaitingforthemothersh5366 By the way, these figures are from the IMF.

It is not as bad as the illegal immigration and homeless problems in the USA Also, I don't read replies to my comments.

@commontater6274

8 ай бұрын

Well, I don't read comments.

Is this really WSJ?

look at hong kong

@4KSnSLifestyle

8 ай бұрын

Hong Kong unemployment is below 3%.

But it's so much worse in the current US Regime dire straits! 😢

The China crisis growing at 5% according to the IMF.😂

@allowedme

6 ай бұрын

@jckbquck Yes these people made up their talking point from the propaganda news delivered to their living room.

@kreb7

6 ай бұрын

Imf uses the data a country sents to them are not allowed to use anything else

@thomasherrin6798

6 ай бұрын

The IMF, the Iniquitous Manilla Fraudsters, Ex-EU management "propped up" by Russia and China!?!

Housing there? Back to bamboo made homes and wooden homes(sticks, stones and mud bricks,

Need more video on China 🇨🇳. Hidden monster

@commontater6274

8 ай бұрын

You mean the Kaiju?

Crisis? What crisis?

WSJ still talk about sick people of Asia, referring to Chinese with onset of COVID 2019 ?

The USA will still have action moves, pretty girls, and football. Everyone else will still lose because of those. Hey, maybe some big guys congressmen? They can show people how congress really works around here. Then call the government soccer.

These two talking heads used "kind of" and "sort of" more rhan rhirty times! Whats that All about?

@mizanrahman5194

5 ай бұрын

They are completely detached from the reality and do not have enough definitive answer.

How about fixing the America crisis , Instead of talking about how bad China’s is.

Another Gordon Chang, a comedian

A new respiratory virus has broken out in recent times in China also.

YTD August China runs a 550B$ trade surplus or about 800B$ for the whole year at this rate. This is slight lower than 2022 which was an astounding $850B. So trade surplus China is doing well. There was a housing crash. Tell me one country which has never had one, including the US ? So it does not look dire as all the English papers say.

@azmodanpc

9 ай бұрын

The sheer scale and percentage of gdp invested in real estate in China is mind boggling. That's why it's different.

@floxy20

9 ай бұрын

"Move along folks, move along. Nothing to see, nothing to see".

@joem0088

9 ай бұрын

@@azmodanpc China 2023 is nothing as epic as 2008 US subprime crisis which took down Bear Stern and several banks. The US has been running 22 consecutive years, that's a whole generation, of fiscal deficits to goose the economy.

@azmodanpc

9 ай бұрын

@@joem0088 And the CCP has been doing it since 2008. At least with the extent and size that has been causing them problems.

@joem0088

8 ай бұрын

@@azmodanpc Yes, and the US has been running big fiscal deficits to pretend there is grow. GDP by debt balloon.

How bad does the US want it to be? 'Cause that's exactly how bad it will get. Imagine the cheek of them!! Actually building railroads and ports in OUR empire!!😅😅

WSJ takes care of yourself to be ethical media

Western companies should leave so they do not lose their assets like in russia

Nonsense.

Almost as bad as the US crisis

China is just at per capita GDP 12k with Japan at usd 39k. Their growth is plateauing too early. That’s disaster. It’s so bad you can make a case a wholesale change in leadership - a restructuring or rehabilitation before it’s too late.

@LokeKS

8 ай бұрын

2023 5%growth in China vs 0.5% in US and western nations. And china is in trouble lol

Winnie the Pooh and his kingdom of delusions is turning out to be just that, delusional

If Chinese threatening others then let it rot

It's unfortunate they're not talking about China but the US

In general I do not trust the WSJ but I ck in once in a while.

Chinese podcast predicts the collapse of Australian economy. Who do I believe??? I am so naïve.

Every lie uas a price that eventually has to be paid

Ask shorter questions.

China could be on fire and Pooh would be like “all is good nothing to see here, our gdp is up 50 percent this year, the fires is Chinese new year” 😂

@newcrew4554

9 ай бұрын

You are talking nonsense about things you know nothing about

@ssuwandi3240

8 ай бұрын

If you paid attention to the speech Xi would rejuvenate the economy thru wages Redistribution.. Ask Bidenomics what structural changes have been done besides pumping the dollar which has steered most countries not just Bidens enemies like Saudis to shift to alternatives

You betteee cime to see Malaysia ti get Real context of where New York is.

@RPSartre01

9 ай бұрын

Ja ksjn kendo lane Jensen meme wheheyee nenen wakanda 😅

China should abandon the Renminbi, and go back to the Ying-tong-tiddle-i-po.

@namelesswarrior4760

9 ай бұрын

American should abandon the USD and go to "FOOD COUPONS" in the future.

@paulsutton5896

9 ай бұрын

@@namelesswarrior4760 I think you don't understand Ying-tong-tiddle-i-po. To understand that reference, you needed to live in the UK in the 1950s, and listen to the radio.

US is in massive Debt and is aligning with other failing manufacturing countries like the EU( Germany especially), UK and Canada. China on the other side, are aligned with BRICS + who are the majority of global GDP, resource supply and manufacturing. Going forward I know which side I would prefer to be on. Broke in debt countries with no manufacturing and a deficit or growing countries with manufacturing, resources, and export surpluses.

@raevj

8 ай бұрын

China is RAPIDLY losing its manufacturing…

@clintthroop5618

8 ай бұрын

You’d rather live in China, India, Russia or Brazil? Wow. I think your assessment is a quite short sighted view, a snapshot of current even. You think the US can’t or won’t reestablish it’s Mfg sector, or doesn’t have enough natural resource to support itself?

@geoffmcintosh3

8 ай бұрын

@@clintthroop5618 I currently live between Cambodia , Thailand and Australia. Over the last 10 yrs I have seen the decline of the west and the rise of the east. I have also traveled to over 30 other countries. From my experience…… you are correct.

@coopoylozenge5964

6 ай бұрын

Wow. I think you are in denial about the data coming from most (not all) of the BRICS. India seems to be the only economy that is not in deep trouble. Meanwhile, following years of manufacturing decline, the west, led by the USA, has embarked on a program of re shoring.