Economist explains why China's growth miracle is failing

One issue that was not covered: Chinese are huge savers because they experienced hunger during the great leap forward. Americans experienced depression during the 1930's so that generation was savers. However the children of both generations became spenders which stimulated their economy. China is now going through a downturn which forces people to start saving again which can make China's downturn even worst. However due to pent up demand, I expect spending to pickup in about 5 years. China will not catch up to US but will be fine so a stagnation is most likely but it will recover from the stagnation in the future.

great video boss

It all depends on how long it takes the CCP to collapse. Could be 3 months. Could be 30 years... It has never been the economics that's hard to assess, but the politics, always.

Come on man. Its the Rothschild. Corrupt Banking. You never heard of Andrew Jackson? Its their criminal hold on the US Government. China yuan is based on US dollar. In other words, the Rothschild Bank Cartel. No one can vote anu issue concerning the Fed. The Fed controls the Governments.

The guy you are talking BS, according to IMF & world banks china growth rate is 5.6% better than most western countries & US.

fell from grace? when? just now? FYI, haters and sore losers like you have been telling us that for the past 40 years. So why this is time any difference ? Y'all never gave up. LOL

The JV requirements are a nice way of smoothing over the fact the CCP requires foreign companies selling their goods in China to engage in forced technology transfers. Essentially foreign companies hand over their intellectual property only to have their own products sold back to them for cheaper….

All in all china dilema is caused by arrogance of leadership

Listening to you speak English is torture.

Thx for the video.
I wonder what comes next after the service driven economy. A post labor AI driven economy?
The last IMF report wasnt too cherfull on general employment in the 2030s.
You wanna do a video on the topic ?

Love your high-quality videos

Unless there's another Revolution in China, a peoples, grass roots Revolution China will not change it's course. What is more likely to happen is China will invade Taiwan, the Singapore, then move to take over South Korea and the Philippines, and much like Communism everywhere will rely on stealing, theft and abuse to maintain it's position, just as ALL DIC-ttorial powers do. To believe anything else your either a fool or simply interested in making a buck off of the back of those enslaved meaning, like all self-serving Capitalists your not worth your weight. The End.

You cannot divorce an economic system from its political core. Ignoring the CCP's behaviour is foolish. What counts for China's government is power. The CCP cannot be kicked out. President Xi, by his actions, has made it clear that China's economy will be driven by the centre. The service economy has never functioned that way. It's even worse if you consider that over the past few years, the Chinese government has made it clear that the private sector has little or no role to play in the future of the country. The CCP's core ideology is based on the 19th-century economic model where the government owned all the economic tools, and the tools were manufacturing and not services. The communist model is simply not adapted to that sector of the economy.

China cannot afford another thirty years. Demographics don't give the CCP that luxury

They lied about populations and are looking at huge decreases in the next 30 years. Add on that less people are having children and they have no choice but to shrink.

I would suggest that your study is based on good historical analysis of patterns of economic growth but it lacks an underlying theory of how globalization took place to replace the previous imperialistic colonization and internal industrialization cycles, and now, how globalization has started to break down. One of the proponents of deglobalization is Peter Zeihan who based it the USA-imposed Bretton Woods agreement at the end of World War II and during the Cold War. Now that the Cold War hs been won against the Soviet Union, and a new Cold War against China has started, the USA is preparing to abandon globalization protection against its new perceived enemies such as China and perhaps is now actively targeting it with economic and technological warfare. At the same time, the USA and China are preparing for but still avoiding the start of an active shooting war for at least two to five more years, although that peaceful era could end soon.

Also, keeping high pressure on workers and paying them as little as possible causes people to be too focused on work and feel no security in their lives. Hence, people don't want to have children.

I enjoyed your approach. While I don't have an economics or any higher education, I do have life experience. After sixty years of work and self reliance I can give you my China opinion for what is worth. The CCP will continue their world expansion program. Investing in other countries infrastructures and then expand their military presents into those countries as a way of payment when loans become due. They have already instituted this program in several countries in the Indo-African regions. Unfortunately the leaders of these countries only see the bribes and believe the false promises. Right now the CCP has a high unemployment problem which is causing financial uncertainty. They will institute a mandatory military service to ship to these troops to other countries. This will solve their unemployment. And they will demand these countries support their troops. They are not interested in CCP world domination but control of key infrastructure points world wide. Grabbing use of ports they build "to help countries to poor to invest" for their military use and control. The CCP their military needs ahead of ALL else. The free world can afford to trust the CCP. The free world will not take money from their own citizenry like CCP does.
I'm sure I will be called all sorts names: dummy, uneducated fool and such. I've been called much worse. But this is my opinion (free speech) and at least I still have that.

China's "Miracle"......was a policy of Handing-Over its Citizens (who had no rights) to foreign corporations as SLAVE LABOR!! Chinese labor was WILDLY Cheaper than labor anywhere else in the world bc the CCP's Totalitarian Control made it possible; labor prices that were Illegal anywhere else in the world (in essence Slave Labor). This is the only explanation of how China could have gone from a 19th Cent. Poor Agrarian nation w/ virtually Zero Technological knowledge or experience (other than what they copied or stole from America); a Backward Marxist Leftist Failed State that couldn't even feed it's own Starving Chinese Citizen's in the 1960's-80's to the #2 World Economy in 20 years. China saw the Collapse of the Marxist Communist Soviet Union in the 1970's-80's & realized Leftist Marxism is a World Destroyer; so they had to come up w/ something else & what would that be???? Offer the Chinese Citizens as Slave Labor......there is no other factor w/ a greater Cutting Costs to Increasing Profits ratio than SLAVE LABOR. The International Corps. flooded China w/ Trillion $ in the late 90's/early 21st cent. China became wildly rich SOLELY thru this Slave Labor strategy, together w/ Non-Free Market demands for Corp. to team w/ Chinese partners, in essence handing over Corp. Knowledge, I.P. & Technologies to China as Black Mail for continuing to be allowed to manufacture in China. It was Ultimately the International Corps.' Greed for Cheap Chinese Slave Labor that allowed China to rise to it's current position. It wasn't a Chinese miracle.....it was Corp. Greed that handed Trillion $ to the CCP at the expense of Slave Labor imposed on the Chinese Citizen. Changing growth models to a more balanced "consumer economy" would require the Totalitarian CCP to hand over more "economic" power to the consumer (the individual) & the CCP Communists clearly understand this would ultimately be a threat to their Totalitarian Control & lead to the ultimate collapse of the Totalitarian CCP State. This was always an argument for advancing Capitalism in China; that ultimately, eventually it would create a "western virus" of Free Market Capitalism that China would not be able to "manage or undo" & it would eventually bring down the Marxist Leftist Totalitarian CCP State.

MERRY CHRISTMAS. Great the economy is actually something else I really have a question For someone with less than $15,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this?

The video takes too long to get to the point and is repetitive in some places. Domestic consumption is lacking, but I don't see why the service industry is cited as the root cause. The GDP data from 2010 to 2021 does not back up this assertion. The presentation makes no mention about the upsurge in protectionism in the global economy since the Reagan administration. Japan's stagflation has a different root cause. Also, the narration "sing-song" style can be improved.

As a consumer, I also want deflation (I do not care about economy, only about prices!).

Invest(e)ment, lol.

What a BS vid..,

China's economic collapse is guaranteed because their demographic collapse is guaranteed. In 50 years they will have half the population they do now. That 1.4 billion graphic you showed is already a fantasy. They claim 1.2b and actually have around 1.0b population, most of whom are at or approaching retirement age. Their youth will not abide being factory workers. China has already peaked; It's all downhill from here.

so you think a communist party is unwilling to take privileges away from the owners of capital under their state? I don't see eye to eye with you on that part lol, but I liked the video. Thank you for having research to base your content off of instead of just saying whatever comes to mind like most channels in this genre

War and economics experts believes that mighty china?.May be fortunate to has help from God the mighty?...
So well all will see mighty china recruitment all the jobless into army?. As china needs 500millions strong army?. And organising then training them to prepare for sure win wars with all enemy's?..
And training them in all occupations and industries???and with proper knowledge and experience and better organising china societies?? For sure mighty china will leaps many times upwards?. And very fast becomes very powerfull? Strong and successful new china..?? ... all thanks to usa for pushing mighty china to change and encourage mighty china to upgrades ?.
Like china now tiangong space station? Chinas huawei ?? With many new very advance products?? And harmony OS??.
And we all will see harmony OS goes internationally soon to complete with usa and replace usa??.
Like yuan replace the usa dollars very soon??....

If Chinese gov perceived decade ago, and they have taken concrete actions to solve, why you say they incapable to catch up US? I am not convinced. I think the slower down of china economy (still higher significant)has few reasons, 1 pandemic, 2 model transforming period, 3 suppressed by US sanctions

This channel is so much better than other economics channels that don’t bother showing evidence for their explanations. (cough EE cough)

what is the name of this video and the name of the host?

Most English-speaking people seem to want China to collapse as soon as possible😂

Is this man saying that China escaped from poverty? Is it true? No statistics by Chinese government published can be trusted, but many China study experts, of course except this guy, believe somewhere between 500 to 600 million Chinese are living under $700 per year.
Should any person, doesn't have to be "experts" say China's poverty finished?

My take away is that a single guy can go to China and impress his new Chinese girlfriend by buying her an electric car and electric bikes for her family. Just go to the lots of all those unsold bikes and cars and take your picks.

You left out China's intellectual property theft - perhaps the largest amount ever stolen in the history of mankind - that's dishonest.

I think the fact that China has been mustering for war for a long time will also be a huge problem for their exports to the west atleast. There is a severe lack of trust.
Even if money was all I cared about I would still partner with another country. China is far to unreliable.

Wow mega interesting!

You should disclose at the beginning whether you receive any funding from the government of China

So many rapid technical improvements and many types of independently owned businesses are branching in many countries. Amazing growth is inevitable. Super power is a side goal, yet more for everyone's benefits and the environment.

One decade of real growth, one decade of 50% growth funded on credit, and afterwards full on credit bonanza.

I did write part of my master's degree thesis on Chinese bubble economy. Key point of it was that real estate will drag them under, everything is levaraged to shit there, there's significant oversupply of both construction materials and real estate, for years they were making something they won't be able to sell. I wrote it in 2015, and I am really suprised how much checks out in 2023. I didn't of course account for US China trade war much, so timeline shifted faster than I expected.

Collapse of real estate will drag collapse of steel making, both together will shock system into spiral of depreciation and mass selloffs. Trillions will be lost, millions will be out of job. Pandemonium spreading to each country exporting to China. Russia will get hit massively, West will get hit, Africa will get hit, Asia will explode, rest will be dragged in by association.

But - that's if they don't do anything about it, and they will do something for sure. Either very significant interventions propping up failing sectors which will only slow down the hard landing, or war.

Globalization is the solution to the poverties of mankind...

CHINA'S ECONOMY IS DEPENDENT , ONLY DRIVEN NOT BY CHINA BUT BY U.S. AND ITS RICH ALLY,,
WESTERN RICH COUNTRIES LEADING BY U.S. SHOULD NOT MAKE CHINA RICH AND POWERFUL, BECAUSE CHINA HAD HISTORY OF CONQUERING ITS NEIGHBORING COUNTRIES, (THAT FACTS FAILED TO ANALYZED BY THE WEST WHO DO BUSINES IN CHINA MAKING IT RICH ) IN FACT HALF OF CHINAS LAND WAS ANNEXED PARTLY FROM ITS NEIGHBORING COUNTRIES SUCH AS MONGOLIA, TIBET, NEPAL, KHAZAKSTAN WHERE THESE COUNTRIES CONQUERD BY CHINA PLACED UNDER COMMUNISTIC RULE,, AND NOW CHINA STARTED TO COME OUT GRABBING WHOLE TERRITORIAL WATERS IN S.C.S., IF CHINA BEING TRAITOR COMES TO BE SUCCESFUL TO ANNEX TAIWAN AND PHILIPPINES AND WHOLE OF SOUTH EAST ASIA,
HE CAN COME OUT OF PACIFIC OCEAN ,POSING GREAT DANGER TO U.S. TERRITORIES,, ITS BIGGEST ADVERSARY.

Have wages in China not increased greatly in the last few years?

All of Chinese growth is artificial and unsustainable, especially under communist government

War and economics experts believes that many so call west analysts has a very wrong predictions and understanding of chinese culture so they dont really do the correct way in analysts and predictions of things in china at all??..
We all must wake up?. Dont anyhow day dreaming of china anymore?.
Mighty china is everything OK. No problems at all?..
Instead we encourage all to focus on usa many troubles and problems?
1. Why usa defaults on 31.4 trillions dollars very hugh financial debts?. Is actually means usa is a bankruptcy nation now and soon automatic collapse?
2.why suddenly 5 usa bank all go bankruptcy at the same time and same day? Why?? And so results in depositors money 💰 troubles now? And cost depositors money of over trillions dollars in troubles now?. Why?.
3. Why usa overprinted usa dollar note's to so many times?. And why usa not dare to guarantee it's overprinted dollars trustworthy like we all can easily exchange for 1ozs of pure solid gold?. For how much usa dollars anymore?.. why not dare to guarantee?...
4. Why now no creditors is willing to buy new usa issues paper debts bonds notes anymore?? Why??..
5. Is it really that usa got total of another over 500 trillions very Hugh financial debts troubles awaiting for all holder of usadollars to come and cash out and switch to invest in solid gold?.. we all know many peoples around globe 🌎? Has usa dollars in their wallet and banks and many big organisation holds usa as their reserves in all banks?? So with the many usa financial debts troubles and we all imagine?. If suddenly all decides to cash out their usa dollars and switch to invest in solid gold???..
6. Will usa be able to payback all the 500 over trillions dollars?... yes or not possible??....
7. We all are very worry for usa ??? Can usa able to survive till 2024???...
8. China dont has problems at all??why waste your silly stupid and foolish times worrying about mighty china???..
9.china just let the property markets?. free falls to the ground price? And all the syndicate will loss all their money??...
10. So we see china invents new rules and law regulations? And impose new taxes on the property? To prevent speculation of property anymore? As president xi? Has say chinas homes are for chinese peoples to buy and stay in them?. Nor for peoples to speculation it up and down to made very hugh profits anymore?? ..
10. So we all will see new regulations and laws to tax on property?. Like each chinese can own 1 homes? And for 2nd homes? Can but pay 30% in property tax ?. And 3 homes pay 30+10% property tax??
And all bank cannot loan above 50% of homes price?. And buyer must pay the 50% in hard cash or by instalment as agrees by buyer and sellers?
So all property taxes must be pay in cash first?? Failling to show receipts of payments will automatic viod the transaction?..
So we protect banks from anyhow lends to developer? Who dont has enough capital?...
11. So we will see mighty china dont has property problems anymore?? So the actual problem are the greedy stupid buyers?. And the syndicate who wants to destroy China??.
It they all are having money losses problems for them???...
And it means china got no property problems anymore???......

Simple answer: because a group of power-hungry, backward morons decided to take the country back to Mao’s era when everyone was miserable, and the shitty system allowed them to do so.

China lied out their behind about their GDP. they stole intellectual properties from the west. /They have no environmental restrictions. it was all about the graft and the money.

Ponzi schemes unravel sooner or later