The End of China’s Economic Miracle

NEW YORK, October 17, 2023 - Adam Posen, president of the Peterson Institute of International Economics, discusses his Foreign Affairs essay “The End of China’s Economic Miracle” and examines China’s political economy and its “economic long COVID.” Strategic Consultant Henny Sender, formerly of BlackRock Managing and Financial Times, moderated the conversation. (1 hr., 22 min.)
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Пікірлер: 957

  • @user-em5wy8zx7o
    @user-em5wy8zx7o3 ай бұрын

    If we're talking only in the context of an industry that needs a lot of cheap labor, then it's true. But if the talk is focused on the technological aspect, then the Chinese economic miracle is only at the beginning stage.

  • @couttsw

    @couttsw

    3 ай бұрын

    Must be CCP here...

  • @user-em5wy8zx7o

    @user-em5wy8zx7o

    3 ай бұрын

    @@couttsw Not really, in fact my country was one of the biggest victims of communism propaganda in the past. thousands of my countrymen were killed by the communists aided by weapons from the USSR and CCP. But, as a rationalist and as a person who has had the opportunity to travel around China for months, I agree that currently Chinese industry is moving from cheap labor-intensive industry to technology-intensive. We know now that Huawei has started to make their own OS and high-end chips that have been recognized worldwide and even surprised America. We also know that their dominance in 5G shows how Chinese technology has grown and dominated in recent years, so America must use its influence to stop China from dominating 5G technology. In crypto technology, we also know that Bitmain, Iceriver, etc. were all created in China from the start. And there are many other examples that show that China is pioneering its dominance in high technology-based industries. including in the electric car industry.

  • @couttsw

    @couttsw

    3 ай бұрын

    @@user-em5wy8zx7o your username screams CCP, or a BOT, try something identifiable or stay in hiding.

  • @The-Do-It-All-Badger

    @The-Do-It-All-Badger

    2 ай бұрын

    @@couttsw Hardly. They've still got TONS of technologies to steal from the rest of the world.

  • @tedwong7037
    @tedwong70376 ай бұрын

    Hahaha. There you go again? China has been collapsing for 3 decades.

  • @ali19231
    @ali192317 ай бұрын

    been hearing about this end for the last 20 years.

  • @amunra5330

    @amunra5330

    6 ай бұрын

    Exactly - these people resent that fact China is slowing dominating the world economics.

  • @Shineon83

    @Shineon83

    6 ай бұрын

    I don’t think you can compare the geopolitical trajectory of China’s last five years with any other time since the days of Mao

  • @Shineon83

    @Shineon83

    6 ай бұрын

    @@amunra5330Must be why Chinese (esp. educated Chinese) have been leaving in droves to move to the West….

  • @blokin5039

    @blokin5039

    6 ай бұрын

    Nope Chinese who migrated to the west are now increasingly turning back to the motherland. Especially scientists and highly educated people.

  • @levitabacug3377

    @levitabacug3377

    6 ай бұрын

    What exactly been talking about in last 20 years is the economic rise of China that would eclipse that of America.

  • @1313hyme
    @1313hyme6 ай бұрын

    This guy gets off the same train station as Gordon Chan.

  • @redbeansg

    @redbeansg

    2 ай бұрын

    He sounded like a hillbilly.

  • @bobcondoulis4171

    @bobcondoulis4171

    Ай бұрын

    And don't forget Peter zeihan

  • @robertlee9838
    @robertlee98387 ай бұрын

    Another Chinese expert! Speechless!

  • @feelmehish8506

    @feelmehish8506

    6 ай бұрын

    You should be. Because China is crap.

  • @michaelmarchal4004

    @michaelmarchal4004

    6 ай бұрын

    This guy always finishes is meal

  • @blackbeard6423

    @blackbeard6423

    6 ай бұрын

    I am a chinese and food is important in our culture@@michaelmarchal4004

  • @user-nw3bj4yh5u

    @user-nw3bj4yh5u

    5 ай бұрын

    The US government is funding billions of dollars to blame China. Most of the youtube channels are funded by the US government

  • @funkymonk5344

    @funkymonk5344

    4 ай бұрын

    Another internet troll 👿

  • @hgft274
    @hgft2747 ай бұрын

    Lol another China "expert". Asia Society's content is really going downhill ever since Kevin Ruud left.

  • @feelmehish8506

    @feelmehish8506

    6 ай бұрын

    come back when you hcinks start eating each other.

  • @freemanol

    @freemanol

    6 ай бұрын

    It's the easy way to be relevant, tell people what they want to hear

  • @NoohCee

    @NoohCee

    6 ай бұрын

    Actually Kevin Ruud is also rubbish.

  • @randomname931

    @randomname931

    2 ай бұрын

    kevin rudd is an arrogant china hater.

  • @limcheating1
    @limcheating16 ай бұрын

    I have never seen the Asia Society invited anyone from China to talk about China, and that reduces its credibility

  • @MissAwa515

    @MissAwa515

    6 ай бұрын

    Because its goal is to diminish China. And the anti-China Chinese normally have no logic when speaking, it's too easy to lose the audience.

  • @wuaaron808

    @wuaaron808

    6 ай бұрын

    The Chinese people don’t event trust their own “experts” , most of whom are just propaganda vehicles of the Communist party. Why should Asian Society give them a platform for their narratives? if anyone want to hear those brainwashing bullshit they can just go to see CGTV, the network owned by China.

  • @awjames1121

    @awjames1121

    6 ай бұрын

    Asia society is create to be anti china????

  • @misterhill5598

    @misterhill5598

    6 ай бұрын

    Very few of the guests ever been to Asia. This is a fine example of stealing the Asia name to silence the Real Asian voices.

  • @wuaaron808

    @wuaaron808

    6 ай бұрын

    @@misterhill5598 you don’t need to be in north korea to know there are people starving.

  • @ldon4002
    @ldon40026 ай бұрын

    Yes, China had already collapsed decades ago. No need to worry.

  • @djtan3313

    @djtan3313

    6 ай бұрын

    😂

  • @awjames1121

    @awjames1121

    6 ай бұрын

    So now is China New business opportunities for doing more business in New areas of business ?? And for sure will kill usa industries all????

  • @QuantumBoyMacau
    @QuantumBoyMacau6 ай бұрын

    Here we go again. We have been hearing this for decades and these jokers are proven wrong again and again.

  • @orangutan4696
    @orangutan46966 ай бұрын

    A 12 years old boy trying his best to analyze his grandfather. He even wrote several books about him. He is truly a good boy. Jiayou!

  • @wuaaron808

    @wuaaron808

    6 ай бұрын

    Here is a China Communist Party’s barking Dog! who is your grand father? Stalin? 😂

  • @miaomiaotoo

    @miaomiaotoo

    6 ай бұрын

    😂😂👏🏻👏🏻

  • @user-nw3bj4yh5u

    @user-nw3bj4yh5u

    5 ай бұрын

    The US government is funding billions of dollars to blame China. Most of the youtube channels are funded by the US government

  • @deeplearning7097
    @deeplearning70976 ай бұрын

    Thank you both.

  • @angelominghelli6129
    @angelominghelli61297 ай бұрын

    We need a successful business person doing business in China to be part of this conversation to have a better understanding of what’s going on with its economy

  • @AKumar-co7oe

    @AKumar-co7oe

    7 ай бұрын

    most such people will not speak freely to avoid backlash

  • @hdvoice

    @hdvoice

    6 ай бұрын

    @@AKumar-co7oeThat’s so true. Nobody is willing to speak the truth to the public with the political-correct environment in the west. Everything is China bad.

  • @michaelwang6125

    @michaelwang6125

    6 ай бұрын

    @@AKumar-co7oe those who did become Jack Ma #2 > Those who were smart enough don't do public talking as much... some just use it the situation as an opportunity to shift their factory-resource to southern Asia as a counter to the tariff - while it also serve as a good way to secure their asset. e.g if Beijing for any reason decides to seal off mainland (e.g lost in a war and/or needs to push for political security with another cultural revolution) Then those businessman will probably be able to secure their asset oversea. Some does it when sending their kids to study oversea (e.g buying the real estate for their children while they stay there for education-etc ~ it is (or was) one of the only few available ways to move wealth out that can't get individuals into trouble)

  • @andrewli9793

    @andrewli9793

    6 ай бұрын

    The economy is fine, it's natural that the growth rate is slower year by year.

  • @AKumar-co7oe

    @AKumar-co7oe

    6 ай бұрын

    @@andrewli9793 he's turning it into a war economy to prepare for invasion before 2030

  • @louiswang2227
    @louiswang22276 ай бұрын

    Mesmerizing.

  • @MRT-co1sd
    @MRT-co1sd6 ай бұрын

    I see, thank you for telling me that it’s the end of the US economic miracle.

  • @chriswong9158

    @chriswong9158

    6 ай бұрын

    Not yet, for US still have $100 Billions $$$ to give away...

  • @clanfan4044
    @clanfan40446 ай бұрын

    China's recent 3rd quarter GDP is 5.2%. Keep talking all the gloom and doom makes very little sense. If China economy is getting bad, the rest of the wor,d including the USA will for sure getting much much worse

  • @MarktheMole

    @MarktheMole

    18 күн бұрын

    I think not.. there is nothing China produces that the West absolutely needs. The CCP's new policy of promoting EV cars and solar batteries we don't want while forgetting toys, plastic components, etc, which we do - is going to doom what is left of the Chinese economy.

  • @howluk2901
    @howluk29016 ай бұрын

    That's very strange because what the speaker said is contradictory to what we see on the ground. Tier 3 and 4 cities had more tourist than they can handle. Slowing real estate sector is counted-balanced by the booming of automobiles, semiconductor, new energy, fashion and movie scene. FDI from western world is quickly replaced by West Asia sovereign fund. Record number of scholars is returning from United states. The speaker painted picture of china that doesn't reflect reality.

  • @user-lb4yx1ms5f

    @user-lb4yx1ms5f

    6 ай бұрын

    These are the stooges doing the dirty work of their sour grape masters to bad-mouth China.

  • @freemanol

    @freemanol

    6 ай бұрын

    They think if they keep repeating something, it will become true. They've said it a million times for the last 20 years, that china has grown tremendously but it's now the end. They have the memory capacity of a goldfish. They will never learn and their naivety will eventually lead to their demise

  • @Iamguoke

    @Iamguoke

    6 ай бұрын

    The sectors you mentioned are not comparable to properties in terms of comtributions to GDP, not mentioning some sectors like e-car are purely sustained by govt subsidies. the largest wave of emigration since reform era is happening, because people, especially with resources, have no trust and faith on XI' govt.

  • @Shineon83

    @Shineon83

    6 ай бұрын

    …..Almost 50% of Chinese independent tourist agencies & tourism-related businesses have folded. Tourism from Western countries (US, EU, AUS &JAP) has dropped almost 90% from pre-pandemic numbers….These numbers hold across all tiers….Other than from, perhaps, HK….Where, pray tell, are these “tourists” coming from?

  • @user-lb4yx1ms5f

    @user-lb4yx1ms5f

    6 ай бұрын

    They are all living in a coconut shell where they are masters of the land, conquerer of the oceans, rulers of the masses, lord over the weakest, smartest of the world, this is their self image living in this fast moving, fast pace 21st century.

  • @HAKULAMATATA8
    @HAKULAMATATA87 ай бұрын

    only time will tell if he’s right

  • @freemanol

    @freemanol

    6 ай бұрын

    Well by tomorrow there'll already be another "China expert" who will predict China's downfall. They have the memory capacity of a goldfish

  • @Shineon83

    @Shineon83

    6 ай бұрын

    He isn’t.

  • @feeldafury

    @feeldafury

    Ай бұрын

    Gordon Chang has been making this prediction on Lou Dobbs' show since 2000.

  • @youpingzheng6431
    @youpingzheng64316 ай бұрын

    Only Time will tell.

  • @ladyk7389
    @ladyk73896 ай бұрын

    Wonder if he can speak Chinese

  • @The-Do-It-All-Badger

    @The-Do-It-All-Badger

    2 ай бұрын

    Which "Chinese" do you mean? Mandarin, Cantonese, Shanghainese, Hokkien, Hakka, Min, Gan, Xiang?

  • @bumbengtey8464
    @bumbengtey84646 ай бұрын

    How does one become a China expert without being able to read Chinese/ Mandarin?

  • @desmondkwang5945

    @desmondkwang5945

    6 ай бұрын

    It's better not to read Chinese/Mandarin because most of what is written in that language is distorted by brainwashing and information censorship.

  • @bklm1234

    @bklm1234

    5 ай бұрын

    Wow, your logic almost sounds legit! Open your freaking eyes. There are many ways, channels to be an expert on a subject. Language is not even an obstacle, not in the past, not today. On the flip side, even you know the language, have lived in China, you still may not be an expert.

  • @desmondkwang5945

    @desmondkwang5945

    5 ай бұрын

    From @bklm1234 to @bumbengtey8464...... Wow, your logic almost sounds legit! Open your freaking eyes. There are many ways, channels to be an expert on a subject. Language is not even an obstacle, not in the past, not today. On the flip side, even you know the language, have lived in China, you still may not be an expert.

  • @funkymonk5344

    @funkymonk5344

    5 ай бұрын

    He is an economist, not a linguist, stupid.

  • @douginorlando6260

    @douginorlando6260

    5 ай бұрын

    By trusting second hand accounts … 😂

  • @andrewling3525
    @andrewling35257 ай бұрын

    China does not need anyone outside to worry . 😂

  • @chrystalnet

    @chrystalnet

    7 ай бұрын

    perhaps you should disconnect you vpn and stay inside your digital prison

  • @jaguarxv

    @jaguarxv

    7 ай бұрын

    ​@@chrystalnetwhy are you "so" sure about usage of vpn?

  • @hgft274

    @hgft274

    7 ай бұрын

    @@chrystalnetTry to get an education if u can afford it 🤣

  • @kelvinzhang7041

    @kelvinzhang7041

    7 ай бұрын

    there is nothing wrong by using vpn if people from mainland China。

  • @npc2480

    @npc2480

    7 ай бұрын

    “Asia society” should be renamed “China bashing by white people”.

  • @seokoking6956
    @seokoking69567 ай бұрын

    No miracle. Just hard work.

  • @malachite7287

    @malachite7287

    6 ай бұрын

    There would be no modern China without access to US markets

  • @linphilip6389

    @linphilip6389

    5 ай бұрын

    ​@@malachite7287 sounds like the entire world owes USA and everyone should do what USA asks them to do to return the favor then? You can become a US dog at your own will but not me.

  • @angelominghelli6129
    @angelominghelli61297 ай бұрын

    Swing left bias means “dreams about impossible goals”

  • @Herman3288
    @Herman32886 ай бұрын

    It needs such experts to keep telling Americans they still have the best government and the strongest economy.

  • @harukrentz435

    @harukrentz435

    6 ай бұрын

    😂

  • @aaronwalsh8469

    @aaronwalsh8469

    5 ай бұрын

    Sorry , truth hurts

  • @The-Do-It-All-Badger

    @The-Do-It-All-Badger

    2 ай бұрын

    I don't remember hearing Stars and Stripes or Old Glory and seeing eagles blazing machineguns over the screen, so maybe I missed when they claimed US GREATEST NUMBER ONE A-OK! can you point out where they claimed we have the best government and strongest economy, please?

  • @kevinyin5081
    @kevinyin50813 ай бұрын

    I would see no country could hold their economy growth rate at high level, 5%GDP growth at this time, that will still shock many countries.

  • @feeldafury

    @feeldafury

    Ай бұрын

    Well, Moldy India has a higher growth. The country is a shit hole still. They the billionaires slum lord😅

  • @dtango8345
    @dtango83457 ай бұрын

    All these hopeful haters wishing fall on China is laughable. Haters will always hate, China will always rise😂

  • @thomasho4825
    @thomasho48256 ай бұрын

    Why you are not telling the audience about biological laboratory the United States have all over the world I think you’re over 400 some and they have 800 m bases all around the world to. I don’t see any of you speak publicly.

  • @couttsw

    @couttsw

    3 ай бұрын

    Another CCP

  • @stephenlight647
    @stephenlight6476 ай бұрын

    Too many commentators are not reading the headline or the presentation properly. No one in their right mind thinks China is “finished”. It is not. What is “finished” is the veery high compound growth rates. The days of double digit growth are over. China will gradually revert to the mean of about 3% growth for recently modern countries. Whether they can manage that respectable level of growth is another matter. But in no event is China going to disappear or become irrelevant.

  • @sarahye3529

    @sarahye3529

    5 ай бұрын

    Different from you guys, China intelligent experts still predict China has potential to grow 5-8 percent per year until 2035 such as Lin yifu, who was the leading economist of world bank.

  • @aaronwalsh8469

    @aaronwalsh8469

    5 ай бұрын

    The problem is Xi . You guys are assuming he will do rational intelligent actions based on real data. That’s not the case. He’s fallen into the dictator information black hole. Nobody tells him anything bad. China was having rolling blackouts not that long ago for months. When Xi had a face to face with Biden, he asked Xi how things were going with the blackouts. Xi didn’t know about the blackouts. He found out from sleepy Joe. China has built enough vacant housing for the entire population of China.

  • @mkmcat

    @mkmcat

    4 ай бұрын

    Nope, Middle income trap here we go... If they are lucky. Enron style economic policies reconning hasn't even started yet. We know how this ends... Always the same... We just like to think this time it will be different... Ask Soviets or Venezuela - one time the very rich and powerful. Or Zimbabwe. Or Argentina... Or just 1945 Mao times. Everyone thinks this time will be different, you can mismanage the economy without the consequences... Nope, the show is only starting

  • @leolyon2373

    @leolyon2373

    4 ай бұрын

    Silly uninformed person. China is already finished.

  • @feeldafury

    @feeldafury

    Ай бұрын

    ​@mkmcat 😂 When you wish upon a star Make no difference who you are Anything your heart desires Will come to you

  • @ike637
    @ike6376 ай бұрын

    The end of the miracle? As i understand it, china is expected to grow by 5% this year ??. While uk is 0•1 % at best .

  • @DenOndeMister

    @DenOndeMister

    6 ай бұрын

    This is not children's math. China needs a certain level of growth to handle it's coming challenges. These are complex issues beyond, "X is higher than Y".

  • @harukrentz435

    @harukrentz435

    6 ай бұрын

    ​@@DenOndeMistercare to elaborate more?

  • @blairhakamies4132
    @blairhakamies41326 ай бұрын

    Congratulations 👌

  • @freddyyudianto2027
    @freddyyudianto20276 ай бұрын

    There is no END of China's Economic Miracle ! Since China-economic growth does not happen because of MIRACLE but HARD-WORK of all China citizens.

  • @chriswong9158

    @chriswong9158

    6 ай бұрын

    CORRECTION... not noted, over multi-millions of European, African, Middle Easter, American & etc.. are living in China today and are getting rich. One other secret of China, they welcome all commoners since Marco Polo time

  • @davidcpugh8743
    @davidcpugh87433 ай бұрын

    Brilliantly explained. Having spent my working life outside USA, I have studied lots of similar societies and nations. Incidentally, I was an economist and portfolio manager, and subscribe wholeheartedly to what is being propounded here.

  • @hclau218
    @hclau2186 ай бұрын

    I wonder how these people feel on the last days of their live, knowing they have lied half their life about a country?..

  • @user-lv6mc8jx9i

    @user-lv6mc8jx9i

    6 ай бұрын

    U can’t wake someone who is pretending sleeping. So they will never come to realize he was wrong!

  • @stephenlight647

    @stephenlight647

    6 ай бұрын

    They congratulate themselves on their sophistication and intelligence. All extracted via the system they so artfully serve. It’s all supported via the taxes of those lesser beings they disdain.

  • @flyinggeng
    @flyinggeng4 ай бұрын

    The Chinese Miracle ended much earlier at around 2010. The growth of economy from 2010 2020 was a mirage powered by large debt expansion. What is happening now is because debt levels are so high that it drags the economy down. But let's see what happens in another 10 years.

  • @Tony63716

    @Tony63716

    3 ай бұрын

    Your wish, you can join GORDON CHAN dreams. He has been predicting for 20 years. The country falling apart is United States.

  • @Anthony-dj4nd

    @Anthony-dj4nd

    3 ай бұрын

    China is about to overtake America exporting all of their tech at lower prices that undercuts America😢 America will be in crisis by summer 2024

  • @andrethorpe6183

    @andrethorpe6183

    Ай бұрын

    the miracle is that the Chinese government spends it's money on improving physical infrastructure, education, research & development, medical and social support for it's people that aids in promoting and encouraging global trade... We in the West spend ours on illegal wars, regime change and sanctions that have been a drain on our nations' economic health... We decline while the regions of the East grow.

  • @kamil_supabase_enjoyer
    @kamil_supabase_enjoyerАй бұрын

    Great video

  • @georgewong1888
    @georgewong18886 ай бұрын

    This is October of 2023. What would you say now ? China economy is going to end when.

  • @shoilee2000
    @shoilee20006 ай бұрын

    You misread China.

  • @feeldafury

    @feeldafury

    Ай бұрын

    Again! 😅

  • @joshhoffman1975
    @joshhoffman19752 ай бұрын

    Posen is brilliant as usual! ❤🎉😃

  • @scarletpimpernel230
    @scarletpimpernel2307 ай бұрын

    What a magnificent back-and-forth and analysis by you both! And, at the end, the questioners. Thank you so much.

  • @levelazn

    @levelazn

    6 ай бұрын

    lol complete trash analysis

  • @jasonbeedon9867

    @jasonbeedon9867

    6 ай бұрын

    I agree. True brilliance and humility.

  • @user-vp6vf8wm2s
    @user-vp6vf8wm2s6 ай бұрын

    Yeah, sounds familiar, heard that before? In the 1990, 2000, 2010, 2020 2023 and everyday. Guess what? Chinese EV cars are all over the world.

  • @haiduongle9078
    @haiduongle90786 ай бұрын

    China is growing 4.9% in the third quarter and this guy said the coming collapse, I wonder where he is getting his degree

  • @tangkwoksang2343

    @tangkwoksang2343

    6 ай бұрын

    His degree is from Harvest university

  • @heinlich

    @heinlich

    6 ай бұрын

    ​@@tangkwoksang2343 no it is from Heilvadt Universitaet😂

  • @wuaaron808

    @wuaaron808

    6 ай бұрын

    look at your stock market! 3000 points? 😂 India’s market went to 1200% in the past ten years and China is still 3000 points like in 2000? 😂 the GDP 4.9% is a make-believe figure that only idiot will believe. again? look at your real estate market and your stock market.

  • @chriswong9158

    @chriswong9158

    6 ай бұрын

    and in the meantime, USA growth is just 1.2% at the same period.

  • @chriswong9158

    @chriswong9158

    6 ай бұрын

    @@tangkwoksang2343 not surprising...

  • @hoaptony
    @hoaptony7 ай бұрын

    China have the best meritocratic and experienced leaders and government for the past 5 decades. China a massive country and have tens of key pillars in their economies. There will surely be revolving ups and downs in different sectors of the economy. China main growths is in their growth in foreign trades, infrastructure projects and it’s growing trades with 170+ countries now. For the past two decades China middle income population were growing fast and adding on the China’s GDP expansions. Every countries have wealthy peoples investing some of their money overseas is normal and that will not seriously affect China government finances. Lee Kuan Yew was always paranoid about the conditions how he governed Singapore even after he successfully took Singapore to became the world most successful and wealthy nation in the world. Deng Xiaopeng and all his following leader China Central Committee were paranoid too and worried that nothing were perfect and constantly changing of their policies without the worry and needs with winning votes in the next election but through a team of meritocratic and experienced central government committees to implement changes from time to time. President Xi Jinping can be eliminated from his position by the few hundred Central Committee if he doesn’t perform well for their peoples and their country.

  • @dancerinmaya6813

    @dancerinmaya6813

    6 ай бұрын

    you must be Singaporean as you obviously know the reality in Asia much to the ground.

  • @zhaochengxing241
    @zhaochengxing2416 ай бұрын

    can you talk about the topic?

  • @alanyam2560
    @alanyam25607 ай бұрын

    Seems to me you westerners should be more involved in western countries and not in the affairs of asian countries!! Let Asians run and admin this asian society!

  • @budawang77

    @budawang77

    7 ай бұрын

    You fail to understand that the fate of the Chinese economy has significant implications for western economies. We have a duty and a right to take an interest in it.

  • @WingkKong

    @WingkKong

    6 ай бұрын

    @@budawang77 I think you should solve your problem first China has four thousands of continuous history It is the oldest continuous civilization Does it tell you something

  • @anteeko
    @anteeko6 ай бұрын

    Saving not spending IS A GOOD THING😂😂 it make the economy more resilient

  • @jonlbdg

    @jonlbdg

    5 ай бұрын

    True but when something like 47% of chinas GDP growth was investment driven growth, at some point you need consumers to spend more and create consumer driven growth - as you run out of things to invest in- and you need that consumer spending to fuel continued growth in China’s GDP…

  • @anteeko

    @anteeko

    5 ай бұрын

    @@jonlbdg This things balance out. It is not one or the other but sure in time of doubt people will reduce spending. It is not a bad thing and don't require government action that will only make thing worst and create a crisis.

  • @jamesjc
    @jamesjc6 ай бұрын

    the guest offered an opinion 😐

  • @keirenle
    @keirenle6 ай бұрын

    I have heard this claim for more than 20 years and it is a miracle indeed that these people still can gather the audience. Ok, time for me to leave now.

  • @chriswong9158

    @chriswong9158

    6 ай бұрын

    402 viewer is not an audience, but just paster by like me... not coming back.

  • @guytruth5598
    @guytruth55986 ай бұрын

    Nowadays layman like me uneducated, also can become an expert because I know how to talk nonsense.

  • @victj1300
    @victj13006 ай бұрын

    Thanks for telling me our country is going to end😂

  • @vanmalaphongsavan1331
    @vanmalaphongsavan13316 ай бұрын

    , Thank you for eyes openning

  • @incastinc
    @incastinc4 ай бұрын

    In my college days there are students that come on a motorcycle, well dressed and all the rest. They fail the exams. China reminds of them.

  • @LetterRedMedia
    @LetterRedMedia5 ай бұрын

    LOL All the China trolls in the comment section. Que the “It’s afraid” Starship Troopers meme😂

  • @jameskptan
    @jameskptan6 ай бұрын

    Now I understand what "bullshit" really means!

  • @jamesscott7616

    @jamesscott7616

    6 ай бұрын

    Precisely put James.

  • @willwillque8791
    @willwillque87916 ай бұрын

    My God..... Democracy... Hk, Xinjiang and more... Sample Population of Xinjiang keeps increasing.... How about your native Indiana people?

  • @ntxoovyiasyaj-jerry9937
    @ntxoovyiasyaj-jerry99373 ай бұрын

    One idea for China to get out of their “Evergrand builder” situation, in my opinion, is to do fire sales to the common people but not institutional investors. In order for the people to invest in their living with credit/ maybe some subsidized loans to general public.

  • @theodosiosgouzios2918
    @theodosiosgouzios29184 ай бұрын

    THEY ARE UNSTOPPABLE GET READY

  • @daoistwanderer2671
    @daoistwanderer26714 ай бұрын

    Better to organise a forum : The End of the Economic Miracle in China or the U.S. ?

  • @kaimingraymondchoi9909

    @kaimingraymondchoi9909

    3 ай бұрын

    Neither US and China would stop growing. The entire world would suffer if any one of them declines. 2%GPD growth in United States is equivalent to the GPD of one country whose GPD ranks 20th in the world e.g.Switzerland.

  • @redbeansg

    @redbeansg

    2 ай бұрын

    @@kaimingraymondchoi9909 American economy grew at 1%, rock solid. China's economy grew at 5% and is collapsing. Ya?

  • @kaimingraymondchoi9909

    @kaimingraymondchoi9909

    2 ай бұрын

    I also question the 5% like you do. China is facing a hard time. US government stopped their importers importing goods from China. This affect the small and medium size manufacturers most. They are moving their production facilities from China to other Asian countries and Mexico. We all understand that and that's why we are working hard to survive.@@redbeansg

  • @redbeansg

    @redbeansg

    Ай бұрын

    @@robinbreeds9217 you believe Biden n the liars cooking the data for him?

  • @yeapsoon3115
    @yeapsoon31156 ай бұрын

    If you want to know how well heeled and wealthy looking intellectuals look like, what they say and how they behave in their leisure, you are looking at it. Carl Jung would be envious. 😜😜😜

  • @seaskyguy
    @seaskyguyАй бұрын

    I suggest this gentleman go read the Brundtland Commission report Our Common Future as a backgrounder for understanding the paradigm shift in the way China design it's development model.

  • @cristinaximera9663
    @cristinaximera96636 ай бұрын

    Oh dear!

  • @user-vj4sn1hk3n
    @user-vj4sn1hk3n5 ай бұрын

    Miracle or not, the world has created an aggressive nation with no gratitude.

  • @xya6530

    @xya6530

    4 ай бұрын

    😂

  • @popcorn6931
    @popcorn69316 ай бұрын

    anyone buying huawei?? they have 7nm chip technology

  • @davidcpugh8743
    @davidcpugh87433 ай бұрын

    It’s good to see a really great economist talk, unlike the 800 apparatchiks at Federal Reserve.

  • @uaateacher
    @uaateacher3 ай бұрын

    She just destryed the talk of this man!

  • @petergilkes7082
    @petergilkes70826 ай бұрын

    Do you want to bet that China is finished? I'd take your money happily.

  • @detectiveofmoneypolitics
    @detectiveofmoneypolitics6 ай бұрын

    Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank as subscriber to this channel

  • @michaelwang6125
    @michaelwang61256 ай бұрын

    3:29 and that started me thinking 📱Ringing XD .... ... shooting people with Phone 🤣🤣🤣 T____T Then ambulance ring at 2 minutes later. Better Call James, the Who.

  • @seymorefact4333
    @seymorefact43336 ай бұрын

    ⚠️🇺🇸⚠️ The end of the USA economic miracle started in 1970! Kept in a coma state with debt for last 23 yrs.

  • @franzMong
    @franzMong6 ай бұрын

    30 years ago that famous Gordon Chang said the same thing. Perhaps Gordon Chang and Adam Posen were in the same class and had the same thesis advisor. I predict, that China's economy will thrive and continue as they have withstood for so many chaotic and difficult situations in their long journey to these day, including the Bombardments from the West, particularly UK, US, German, ....etc. 50 years from now, the US will disintegrated into 20 or 30 or 40 different countries and these countries will continue to fight as Republicans, Democrats, or who knows what the 3rd, or the 4th or more parties then and all of them will have to chip in as to how they can help to pay the humongous " national debts ". GOOOOO...d luck to you guys.

  • @user-lb4yx1ms5f

    @user-lb4yx1ms5f

    6 ай бұрын

    They both work for the same sour grape masters.

  • @franzMong

    @franzMong

    6 ай бұрын

    @@user-lb4yx1ms5f 100% correct !!, End up being a Sour grape !

  • @eskay2012

    @eskay2012

    6 ай бұрын

    Haha Gordon Chang the attention begger whom will eventually brings his wish to his grave.

  • @popcorn6931

    @popcorn6931

    6 ай бұрын

    @@eskay2012 open your eyes

  • @resnica3557

    @resnica3557

    6 ай бұрын

    A few years back, one could've still assumed or at least wished that Adam Posen were of some, if not much, quality of a real academician . However, the discussion included in this video proves beyond reasonable doubt that Adam Posen could very well be a blood-kin or even idential twin of Gordon Chang in regard to mental capacity and mind-set.

  • @pn2543
    @pn25436 ай бұрын

    the inanity of the comments here given the erudtion of the discussion is quite striking

  • @joythought

    @joythought

    6 ай бұрын

    Lots of cope

  • @SulemaTrollope

    @SulemaTrollope

    5 ай бұрын

    Why do you say that?

  • @Love.life.ashigzoya
    @Love.life.ashigzoya6 ай бұрын

    No worry let Chinese worry about it. Look for another dilusion .Indian military veterans

  • @user-ol9dv6rk5x
    @user-ol9dv6rk5x6 ай бұрын

    I don't agree with this diagnostics presented on this lecture, I refute it based on the following. 99.99 of Chinese are proud of what China 🇨🇳 have achieved in generations. No dissidence every year 120 million Chinese tourists go outside and 120 millilion go back, in contrast to what used to be in Soviet Union. They have a million students in all world universities around the world financed by families of the students. Normally with growth come some problems, all these problems are dealt with specially that they have huge treasure reserves. No very huge debts like USA. Their influence and investment are increasing world. Concerning the theory of mass production and competitive average cost of production no other nation can match them. They are 1st in investment in D&R. All sanctions applied on them have backfired. I believe the lecturer here is motivated by invy and wishful predictions.

  • @jojoeverycat7726
    @jojoeverycat77266 ай бұрын

    Adam posen took it up side-down, based on his limit ability to access to policy and facts in chinese or association with chinese policy makers, by a series of shallow analyses of western views which are inaccurate in Asain , particularly China, context. That is probably the intention as his remarks are salable in the mainstrean medias in the US! Giving millions of deaths in the US, it is non-sense to avoid the facts and human's natural resistance to virus after pandemic, and making assumption of the superiority of mNRNA vax. Finally there is no china economic miracle as the west would like to criticize the chinese as they came from a very low base at the begining, isn't it.

  • @cicaizrogace8054
    @cicaizrogace80545 ай бұрын

    Vredi vredi poslušati. 🎉🎉🎉🎉🎉🎉🎉🎉🎉 😊 🎉🎉🎉🎉🎉🎉🎉

  • @realdemocracy11
    @realdemocracy116 ай бұрын

    There might be some truth here but the boy has cried wolf way too many times. This stuff is now a bad joke.

  • @hoangtruong8727
    @hoangtruong87276 ай бұрын

    Thwsw analyst always wrong about China

  • @Time4Peace
    @Time4Peace6 ай бұрын

    It's surprising that Asia Society is allowing comments for this session. It has been featuring speakers spinning one-way anti-China monologues with the main theme that China has changed because of Xi who is dictatorial and therefore a cause of China's downturn. Almost everything that are being said is so different from experience on the ground and different from facts. Just on covid itself, China puts life above business and saved more lives than it could have lost (compared to US?). As for covid vaccines, their effectiveness had been well verified outside China but required 3 doses instead of 2. An Australian Jerry Grey has been in China for over a decade and documenting life in China in his KZread channel, Jerry's take of China. He explains why most of the spins that are mentioned here are false. Another on-the-ground vlogger, a Belgian business consultant, Pascal Coppens, has written a book, 'Can China be trusted' explains why and how the West misunderstands China. The China-US relation is critical to overcoming our common existential threats posed by climate change, arm race, Ai, and nuclear weapons Asia Society sadly has deviated from its mission to promote better understanding of China to one of demonising China.

  • @MissAwa515

    @MissAwa515

    6 ай бұрын

    I'm also surprised this one didn't close the comment section. 😂 Wonder what gives them the courage to do so, usually they can't face the comments.

  • @Time4Peace

    @Time4Peace

    6 ай бұрын

    @@MissAwa515 🤣They finally believe in their own lies after repeating them so often!

  • @Storm4155

    @Storm4155

    6 ай бұрын

    Most of the Chinese "experts" on Western media are not really experts. It's a pity that genuine experts on China like Pascal Coppens are never seen on Western media.

  • @secutecheood4601
    @secutecheood46016 ай бұрын

    Mickey Mouse experts!

  • @dg7438
    @dg74384 ай бұрын

    FF 2 months and the decline is even more true

  • @willwillque8791
    @willwillque87916 ай бұрын

    Damn... It's a waste of time watching this.... Asia Society please find a better speaker...

  • @tonychong5965
    @tonychong59657 ай бұрын

    Have you guys been smoking lately.

  • @chrystalnet

    @chrystalnet

    7 ай бұрын

    seems you should disconnect you vpn and stay inside your digital prison - don't smoke the wrong stuff in china if you want to avoid death penalty

  • @tonychong5965

    @tonychong5965

    7 ай бұрын

    Until proven guilty

  • @user-ed9so2rb4k

    @user-ed9so2rb4k

    7 ай бұрын

    No, they are actually praying if not braying!

  • @tonychong5965

    @tonychong5965

    6 ай бұрын

    Fyi, the locals are happy in China.

  • @user-xj2ff4un8r
    @user-xj2ff4un8r5 ай бұрын

    This is trade cycle every country is subject to, not just peculiar to China. US and Europee no exception. So what's the deal in this streaming?

  • @michelleyeung9598
    @michelleyeung95984 ай бұрын

    He says everything that all Americans wish to be true about China !!!

  • @cameronfoster3314
    @cameronfoster33145 ай бұрын

    Great interview. Bravo! Interesting!

  • @bruce2745
    @bruce27456 ай бұрын

    Chinese saying: this guy 不是蠢就是坏😂

  • @jameslawrence3666
    @jameslawrence36666 ай бұрын

    A few bucked the trend and saw it coming!! From 2016 - Peter Zeihan speaking at an energy conference. You could date back much of his ideas several years earlier. Of perticualr imterst to China's fall checkout the Q&A @49mins. Linl below....

  • @atix50

    @atix50

    6 ай бұрын

    Economist's like Nick Glinsman and Kyle Bass called b*llshit on Blackwater years ago. Then several Japanese/Korean economist's began releasing scary data. Hong Kong diaspora have written books too. Eye opening stuff. It's like America and Germany were oblivious to what happened in 2013. Li Keqiang spilled the beans.. and low and behold China smashes open the piggy bank, starts building everything it can possibly build and the belt and road becomes a behemoth investment instead of an economic corridor.

  • @guanda76
    @guanda766 ай бұрын

    These "experts" get sponsorships, viewerships, benefits for saying the "right" things to the right audiences. 😂

  • @greenlandconsulting
    @greenlandconsulting6 ай бұрын

    The female host sounds so eager to show off but really shallow

  • @nitecatcool6541

    @nitecatcool6541

    6 ай бұрын

    Name dropping and bragging of who she know to keeping up with her phony guest speaker spreading fake acquisitions of CCP China 💩💩💩

  • @eskay2012

    @eskay2012

    6 ай бұрын

    Funny how the host mentioned that she had to call her friend in McD Shanghai to check how many outlets are open during CoV? 😅 Also she trying to tell everyone that she comes from a family of doctors and very conversant on the medical updates. The session is without subjects heading where she & her guest is taking everyone around all subjects from the economy, finance, competitions, politics, manufacturing, government behaviour but ultimately dislike how Chinese government runs their country and ultimately instigating people to take out Xi Jing Ping. If USA can compete with China, then leave people alone. I wonder if these host and guest will have a session on USA and how they would like to take out their own President? Typical Americans, can’t look after their own back yard.

  • @eskay2012

    @eskay2012

    6 ай бұрын

    @@Rob-iz6nm - worst still, she is in such pretence of being so Americanised.

  • @eskay2012

    @eskay2012

    6 ай бұрын

    @@Rob-iz6nm her race has no bearing but what she try to portray to be will be her issue.

  • @kevinl7173
    @kevinl71733 ай бұрын

    The topic should be the end of good trading relationship between China and the West

  • @redbeansg
    @redbeansg2 ай бұрын

    China's 40 year turnaround story is being discussed by the West as a miracle. Would China flounder because of a property problem which in many ways is intentional to keep property prices down? China has seen the flaws of high property prices in Hong Kong and Singapore and would not let this to happen in China, leading to fake economic growth but real hardship to the average citizens. Economic growth led by inflating property prices and stock prices is an economy on steroid. Not real growth. America's 1% economic growth was hailed as rock solid by western analysts. And this is coupled with a 5% inflation which would make the American economy super rock solid. How about calling this an American miracle? And the same group of analysts dismissed China's 5% growth as a collapsing economy, even when inflation is nearly zero in China. What would the same analysts describe India's 6% growth? Collapsing faster than China or super solid like America's 1% growth?

  • @RichardBrett899
    @RichardBrett8996 ай бұрын

    My God! They should be resting in the old folks homes. Their voices were cracking, so I doubt that they could think straight!

  • @bb82870
    @bb828706 ай бұрын

    It is not only an end, it is rolling back.

  • @semitoivan8149

    @semitoivan8149

    4 ай бұрын

    in your dreams

  • @mejiger

    @mejiger

    4 ай бұрын

    the west is is rolling back; China will rule for the next 3000 years

  • @paulshlasko3608
    @paulshlasko36083 ай бұрын

    What about the US? We're living on debt too. And the fact that other countries, like China, are worse than us, which draws in foreign capital. But how long is what we do sustainable?

  • @sydneydesouza9719
    @sydneydesouza97194 ай бұрын

    Sydney to write on China info

  • @sweelim5473
    @sweelim54736 ай бұрын

    An incompetent speaker on a topic he does not fully able to apprehend …

  • @Redsson56
    @Redsson564 ай бұрын

    Restricting China from getting technology that enables from building the most advanced weapons is doable and being done. This is being done in collaboration with many like minded countries. The US is building and nurturing relationships~ with Vietnam, Philippines, Mexico and dozens of others. The problems are China, Russia maybe Iran and certainly North Korea. Most of the world’s population is Asian. That would still be at least close to half without including China. I agree that even the headline MAGA is cringy but that is not the message from the current administration.

  • @The-Do-It-All-Badger

    @The-Do-It-All-Badger

    2 ай бұрын

    our relationship with Vietnam is fucking *weird*, man. They actually claimed we're their greatest foreign ally ten plus some odd years ago.

  • @nftyninja
    @nftyninja4 ай бұрын

    **learned how to use chopsticks, became china expert."

  • @johnwaggoner3763
    @johnwaggoner37636 ай бұрын

    Patton Oswalt will play this man in a film one day. Mark my words.

  • @wongchanthong
    @wongchanthong6 ай бұрын

    This is so laughable

  • @Facts..Checker
    @Facts..Checker6 ай бұрын

    China has become the largest car exporter in the world this year ahead of Japan. Secondly, China publishes the most Tier One Peer-Review Scientific Reaearch Papers in the world today. Do the two scenarios above reflect a relative declining nation or in transformation. If you are referring the "decline" to be the cheap copycats or declining from being sweatshop industries than I surely agreed. Some even suggested 2014 was the year China had growth out of the cacoon to become an innovative and high tech leader. This followed by the trade war in 2019 till now or else why have the rivalry if China is actually nobody Unfortunately, there are many China Expects out there ever since the year 2000, predicting the collapse of China as China Experts.😂 Wonder if US or any other major economy in the world today, is performing much better in term scale and growth rate than China. Dun forget in GDP per capita term there are still plenty of rooms for improvement.

  • @legendbe2023

    @legendbe2023

    3 ай бұрын

    So Japan has lost 30 years with world leading automobile and electronics industry? You are saying China will follow Japans footprint? You don't make much sense.