I have been doing business with China for the good part of last 30 years, to say that Chinese made junk products is not fair to Chinese people, more accurately, Walmart, Target, K-Mart, all these discount stores, forced Chinese OEM to produce Cheapest possible goods for last 30 years, the owner of these companies become super rich by selling Cheap product they instructed Chinese OEM to make over poor consumers in their own country.
It's never been a secret in Chinese exporting circles, I've dealt with overseas buyers for more than 10 years, I cannot even remember how many times I've been requested to cut cornors to bring down the cost. Lol. The truth is, things like this not only happen to business like Walmut Target, but also local wholesalers.
Exactly.. my company import many things from China, and for the same items they offered us so many options price range is also pretty wide, it’s really up to us what we wanna get from them.
@@nanoshka7484 We are a socks manufacturer, if you can see your company importing them somewhere in the future, I am happy to serve and ready to get you a quote for reference anytime you need :) My Wechat: bayan86112
Chinese economy will not rely on exports forever. At some point they are going to reorient to domestic consumption. Given the good quality of some of their products, Chinese made products are not all junk as they used to be in the 90s. there's good stuff emerging, that means soon it will be the world to want to trade with China because they'll produce stuff nobody else's going to produce. The investment they make in research is way higher than the one in the west (except from the big corps). Why did everyone want to trade with the US after ww2? They were producing stuff nobody else was producing. The same applies here. No wonder the political pressure on China is that big. A shift to the east is coming, wether we like it or not, China is not a rice producing country anymore.
Um, become a consumption led economy? A consumption led economy means a younger demographic that does the actual consuming. Young people buy the houses, the cars, the phones, the music, the shoes for there kids football practice. How can china become a consumption led economy when its age demographics are falling off a cliff. They have already aged beyond viable reproduction, in part due to the one child policy, though all industrialised economies have this issue to an extent. Without this demographic china will never have consumption that rivals it's production, meaning it will always be reliant on exporting.
@@christiancampbell5465 well the same can be applied to your logic, if Chinese population is ageing, then it's very likely many of them won't be able to work pretty soon and won't be able to export as much as they are exporting right now. 🤔 You're presuming the Chinese economy must keep growing and consuming which is something I disagree on. Gdp is such a flawed metric. It's the reason of most of our problems imo.
@@berndnilssen3562 and yet New Zealand managed to get their shit together without authoritarianism. Seems to me that the West has forgotten what 'quarantine' actually means, and the Western populations are too pampered to endure actual quarantines. The end result is plain to see.
@@thechloromancer3310 Look at Canada, just NOW after over a year, they r now mandating a test, and quarantine(3 days only ......) from ppl coming in, Canada's fucking logic after a whole year. Do you know what is even funnier, block Mexico and the Caribbeans from coming in, but no from the US, how crazy are the so called "health experts" in Canada. i just can't understand their fucking common sense.
Many Western nations would certainly like to have the Chinese growth rather than what you described as the "Chinese problems". You labeled the Chinese state intervention as a short term solution, then what do you called all the Western "stimulus" packages - obviously they are not long term economic solutions?
yeah sure of course every highly developed nation in the world,with gdp per cap of $40,000 usd and above wishes they had the "Chinese growth" of a developing nation whose GDP per cap is still below $10,000..... its like warren buffet said,the curse of large numbers or bases,its easier to sustain a return of 23% a year compounded when u are working with millions then when u are working with 230 billion dollars.....
@@KMuse99 i guarantee u whatever is wrong in the west,its 10 times worst in china.......at least theres a real middle class and upper middle class and even a comfortable working class......in China theres only masses of poor people struggling to survive and a tiny portion of filthy rich and their fu er dais...... uggghhhh,even the hordes of PRCs that come to ur countries,the patterns are the same.....they are either poor as hell sent to work in ur country at 25 or 21.......or they are rich spoilt brats decked out in fila and gucci and prada.......living their beautiful cinderella lives go to australia for example and see at least everybody eats well,dress well,lives well,looks well.....they dont look like filthy peasants trying to eke out a meagre living. in china the UN estimated GINI coefficient is 0.45......the real one is probably much much worse........if the government even bothers to keep track of,and is probably top secret if they do......why admit gini in china is not as bad as south american countries but almost as bad as african countries?
@@jont2576 in China, the poors though earns little, they do have home to live in. In countries like the US, homeless people are everywhere. Never been to Australia, but I imagine it must be similar.
@@laocongge its probably because in China its illegal to be homeless because the authorities want to save face lol....forced to live in hiding somewhere... who cares lmao.....homeless everywhere? u dumbfarks only have steoreotypes and urban myths to live upon,what do u really know about life in first world countries nothing.especially a paradise like australia? even if the homeless are everywhere,they are barely 1% of the population.....at least it reminds u of the real world out there,that its not all fine and dandy,but in china u dont need that.....cause half the population practically live like the homeless in the west anyway.... its a good thing u never been to Australia......u might weep there once u see how the people are living there.....and i say that coming from a first world country in asia....i mean theres a reason why 30% of australia is made up of foreigners half of those indians and the other half PRCs.... ill let u in on a secret.......budget airlines nowadays only cost $200,$300.....a mere pittance compared to flying back in the 90s and early 2000s......even for people from third world countries like philipines they can work for a month and afford to fly...... of course living in australia is not cheap..... but if u live in hostel and eat in china town,maybe u can survive on $350 a week or less......
The importance of a professional mentorship of an expert should be the first step in trading importance of a professional mentorship of an expert should be the first step in trading
Fact to point out : China is not a communist country, it is a socialism country, meaning that all the state owned enterprises need to help ppl living in this country that is why Chinese tobacco company turning their profits to Chinese social security to pay their retired old ppl
China has more people than the entire EU, North America (Canada USA Mexico), Australia, South Korea, and Japan combined. So of course China will be growing more and more reliant on the domestic market. You need to differentiate the "tradable goods" and "service generated economic activity" Tradable goods are the window where you let wealth to flow in, and domestic service activity is the tool to distribute the wealth based on skill, merit and innovation. So in order to have a high income domestic led economy, the country must have high value added tradable or manufactured goods to export. The domestic service industries are the ones supporting and redistributing the wealth earned. So the key for China is to move up the economic value chain for manufactured goods. On this front, China is doing very well. They've already dominates many sectors of industries, such as the electronics and communication technology market. And we're starting to see emerging Chinese Electric Vehicle brands such as NIO, Xpeng, Li Auto and BYD, that are producing some very good EVs. The last piece of the puzzle is the high end semiconductor manufacturing. China right now can produce up to 14nm chips. This is the key point in semiconductor fabrication. as advancement in silicone based semiconductor slows, right now is the perfect opportunity to catch up.
Greek - Have among the lowest saving rate in the world, which is a problem China - Have among the highest saving rate in the world, which is a problem So what's not a problem?
China state owned enterprises are shrinking in overall share of GDP. Most are money spinning monopolies like petroleum and banking. Some are shares public enterprises and subject to market competition. The rest are public utilities that are less concerned with profits than services.
Capitalism: Wealth goes into a group of people and they keep in their pockets Socialism: Wealth goes into the govt coffers and the govt decides where to channel the wealth. In china’s instance, they choose to direct the wealth into infrastructure and eliminating poverty. But of course, in every society, irregardless of capitalism or socialism, there are bound to have corruption at every levels.
@@IpSyCo it is happening. I have no idea what terminal demographic you are talking about. Even the birth rate in China is decreasing, it still will take decades for 1.4 billion dwindling to 1billion.
@@IpSyCo demographics is important, but the impact is vastly overblown. China still has decades of growth ahead simply due to greater productivity brought about by urbanization, industrialization, and other forms of modernization that have yet to spread throughout the entirety of China. At the very least, China's modernization will see it through to a GDP/capita of 35k+... and that is decades away.
Trump told the American companies to move out of China yes 4% of the companies did. but where do they go Vietnam Indonesia Cambodia Thailand ...... and most of this company are owned by Chinese lol
China has a big domestic market or economy to sustain itself at a certain rate of growth until a certain period of time before its growing rate reverse its course... China has a longer economy life cycle before its speed of cycle faded and ended up just like others economy..
I would view China as a single largest corporation in the world instead of a traditional view of government. It is a profit driven model country, so the government structure is a pyramid style, each government officials are like a company management level officer and produce positive outcomes for economic. If they do good, they will get promotion. If not, they will be let go. We don’t run company by democracy, but rather top down management by those elites who received well educated level.
Demographics. That, and how much you believe in it, is central to whether the drive to boost China's consumer economy will work. That the One Child per Family program is three decades old and has resulted in a shortage of thirty-year-olds, and that people below the age of 48 is where most consumption is done is the critical idea. People's spending peaks at 48, then drops off as they save for retirement, while those under 48 are buying houses, raising children etc, all expensive demand creating stuff. The average of in China is near retirement, so in the next decade - so the demographic argument goes - savings useful for investment will get used to support them instead. Consumption will drop because China has far fewer people in the appropriate age range - young people. Note that Germany is in the same position, which is why it is an export-driven economy. In the developed world generally we Baby Boomers did not replace ourselves and are now headed into retirement. So the demand will drop worldwide, and both export AND consumption-driven economic growth becomes unworkable. So if you believe Demographics is really going to be a dominant force -as opposed to "yes there will be an impact but we can deal with it" - then China depending on becoming a consumer economy is not workable, and the export boom will dry up too.
You do make sense. But I would also argue that consumption is not the key to economic growth, production is. GDP is calculated by production, not consumption. Money in an economy is going to end up in someone's hand one way or another, and that ultimately end up becoming capital or consumption. people acutally have unlimited wants, meaning if you put money in their hands, they will find a way to spend it. What actually would cause the imbalance is when the products does not fit people's desires. Like when China overproduced steel, while people didn't need that much steel. What can happen is that China just produce higher quality and higher priced goods, then people with the money would buy them, then the system would work out. China do has huge consumption capacity. Luxry goods consumption had being booming in recent years, as well as foreign traveling spending. The problem is for the supply side to catch up to the shifting consumer demend.
@@blazingsun971 Products that are produced need to be consumed. If you increase production without an increase in consumption you’re essentially operating at a loss. If that happens company’s go out of business and you’ll most likely see a depression on an unprecedented scale. The only consumer economy set to avoid a demographic collapse in the next few decades is the US, France, and New Zealand. China has managed to piss off all of those countries so exporting to them will not be a viable option.
@@blazingsun971 well said, agree with you. What many confuse is that wealth is not created by consumption, instead by research and innovation. I try to make it simple. Let's say you're a small country and your industry is made of food, clothing, transport, constructions, and that's pretty much all. Now a real growth is not the increase of demand in the fields nominated above, rather a birth of a new field, like let's say biomedical industry. If a new field is born, it means more jobs are created, more demand for an independent new product, therefore more wealth. If many new fields are born and productivity is increased ( in the sense of, if before you needed 1 person to produce 1 product now you need less than 1) then you can achieve a higher level of wealth with the same work. The key in economic development is not to constantly increase the demand, that's not capitalism, that's just a sick consum-ism. Instead the creation of new branches and increase of productivity, that's what growth means. Imagine, nowadays we can enjoy a level of wealth even the kings of the biggest empires 500years ago could only dream of, that's because we invented things which made our lives easier.
In Germany it's quite the standard to save a lot of money because of the troubled past of the country. Their children still get raised to always save money for difficult times.
Do I believe the data? No! Politics comes first for the ccp. The ccp requires success to be legitimate, so the ccp declares its self successful. Transferring wealth to the household level would require redirecting from rich and well-connected leaders, good luck with that.
I think China is lucky enough to grow into a future that experiences an extreme social shift driven by a qualitative surge in technology. With AI and automation, basic resources like food, housing and common goods will be produced with extremely low cost, people's life expectancy will increase enough to redefine social construct. I believe under those extreme changes driven by technology, a totalitarian government like CHina under the correct leadership (if lucky) will have the best chance to transition into the new future.
On a scientific approach, China's total export amount to only 17% of its GDP on year 2019. This is within ballpark for last few years. According to IMF, China's debt ratio is about 50% of its GDP. China also waived or rearranged their loans to third world countries for 78 times. China also loaned a substantial amount to US, these bonds are sunk cost to China, and is prepared to waive them for better return for China. Hardfacts are hardfacts, like it or not!
It's ot good to get jealous of someone's or some countries success. But if it begins to.. 1.Pinch your pocket 2. Destroy your economy 3. Give them ego 4. And grab your land. Then you know, you gotta show no mercy.
Most of my friends in China aged 20-30 owes the bank or alibaba a month of salary worth of credit, because the younger generation now has a great appetite for spending. So I am sure domestic demand will be growing quite quickly to ensure a stable shift to the so call dual circulation model. Its only the older generation still saving a lot because they grew up during the harder times.
The new investment treaty with EU and RCEP both gear toward opening the domestic market to ease the foreign trade balance and to fine tune the economic equilibrium.
Floods are commonplace in China. They wreak havoc on food supplies and economic activity, but China has been dealing with major floods every few generations for millennia now.
Judging by the current ocean rates and the constant flow of goods out of China, I doubt is only "cooking" numbers. Many institutions and global companies outside of China do confirm chinese economy bounceback in 2020 and project a strong recovery in 2021. Your beliefs don't matter.
you can cook a number for a year or two but for a longtime without loops showing. china have consistently been able to back up their numbers years after year through their export, growth, and production. your just jealous because India botched their covid response and will be seeing a -10% growth
again, interesting video but I think you have missed the key point to the 'why China economy didn't go into recession in 2020'. the anwser is short, they got the pandemic under control. if it wasn't because China got the virus got control, the increase in export is impossible (because you won't have anything to export at all if all factories are shut down). the second point you got confused on the 'reform on provider side' is that, the 'reform of provider side' is not new, it started as early as 2015, and the goal of it not reducing provide capability, but to diversify. which proves working well. the 3rd thing you got confused is on the 'dual circulation', this is an more political answer to US' 'de-couple' threat, and smart one. Chinese is trying to use its vast domestic market as a counter measure to the fast changing international market. this policy's true effect is yet to show. ultimately, unexpectedly to many westerners, this will lead to a free exchange of Yuan, and an open capital market. in short, Chinese economy didn't go into recession in 2020 is simply because they got pandemic under control, and nothing else.
@Cody J this is not ‘how many people believe it’ game. Such as exporting numbers, they cannot be faked, and those are facts. It’s nothing to do how many people believe it.
@Cody J this right here... this kind of thinking... is how the US populace got so easily propagandized into going to war with Iraq over non-existent WMDs. Sexy and sensational narratives about foreign countries acting like Bond villains thrive, and those who parrot these silly beliefs have no idea how absolutely goofy they look.
Epidemics happen, and will continue to happen. No one was casting blame at Mexico when the Swine Flu went global, nor was much made of the other various epidemics to cross borders within the last 20 years. Trump would have better served his own interests by taking the virus more seriously rather than playing political blame-games. And Trump's supporters would have served their interests better by focusing on the American response rather than crusading against China and masks.
Stinky Singh/Singhs. Cry me a river when Chinese economy is 6-7 times larger than Indian economy. When your public health service is really vacant, Indian economy will have a free fall, won't it?
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China's economy grows 2.3% in 2020 as rebound from Covid-19 pandemic continues (FRANCE24English, 18.1.2021), ua-cam.com/video/c64_hiiay18/v-deo.html
GLORY to China, Glory to CPC!!
China made both low-quality and high-quality products, it depends on how much money you want to spend.
I have been doing business with China for the good part of last 30 years, to say that Chinese made junk products is not fair to Chinese people, more accurately, Walmart, Target, K-Mart, all these discount stores, forced Chinese OEM to produce Cheapest possible goods for last 30 years, the owner of these companies become super rich by selling Cheap product they instructed Chinese OEM to make over poor consumers in their own country.
Yes. That is right. You get what you pay.
It's never been a secret in Chinese exporting circles, I've dealt with overseas buyers for more than 10 years, I cannot even remember how many times I've been requested to cut cornors to bring down the cost. Lol. The truth is, things like this not only happen to business like Walmut Target, but also local wholesalers.
Exactly..
my company import many things from China, and for the same items they offered us so many options price range is also pretty wide, it’s really up to us what we wanna get from them.
@@nanoshka7484 We are a socks manufacturer, if you can see your company importing them somewhere in the future, I am happy to serve and ready to get you a quote for reference anytime you need :) My Wechat: bayan86112
You got what you pay, isn't it fair?
Chinese economy will not rely on exports forever. At some point they are going to reorient to domestic consumption. Given the good quality of some of their products, Chinese made products are not all junk as they used to be in the 90s. there's good stuff emerging, that means soon it will be the world to want to trade with China because they'll produce stuff nobody else's going to produce. The investment they make in research is way higher than the one in the west (except from the big corps). Why did everyone want to trade with the US after ww2? They were producing stuff nobody else was producing. The same applies here. No wonder the political pressure on China is that big. A shift to the east is coming, wether we like it or not, China is not a rice producing country anymore.
sounds good, china is not a rice producing country aym.
China was a rice producing country and during that time any western country can demand land from China.
Um, become a consumption led economy?
A consumption led economy means a younger demographic that does the actual consuming. Young people buy the houses, the cars, the phones, the music, the shoes for there kids football practice. How can china become a consumption led economy when its age demographics are falling off a cliff. They have already aged beyond viable reproduction, in part due to the one child policy, though all industrialised economies have this issue to an extent.
Without this demographic china will never have consumption that rivals it's production, meaning it will always be reliant on exporting.
@@christiancampbell5465 demographic is really a big problem for china
@@christiancampbell5465 well the same can be applied to your logic, if Chinese population is ageing, then it's very likely many of them won't be able to work pretty soon and won't be able to export as much as they are exporting right now. 🤔 You're presuming the Chinese economy must keep growing and consuming which is something I disagree on. Gdp is such a flawed metric. It's the reason of most of our problems imo.
They got their sh*t together, while most of the rest of the world was arguing about whether using masks violated human rights.
Totalitarianism is a pathway to many abilities, some considered to be unnatural.
@@berndnilssen3562 Is it possible to learn this power?
@@pac1fic055 not from a democracy !!!
@@berndnilssen3562 and yet New Zealand managed to get their shit together without authoritarianism. Seems to me that the West has forgotten what 'quarantine' actually means, and the Western populations are too pampered to endure actual quarantines. The end result is plain to see.
@@thechloromancer3310 Look at Canada, just NOW after over a year, they r now mandating a test, and quarantine(3 days only ......) from ppl coming in, Canada's fucking logic after a whole year. Do you know what is even funnier, block Mexico and the Caribbeans from coming in, but no from the US, how crazy are the so called "health experts" in Canada. i just can't understand their fucking common sense.
Many Western nations would certainly like to have the Chinese growth rather than what you described as the "Chinese problems". You labeled the Chinese state intervention as a short term solution, then what do you called all the Western "stimulus" packages - obviously they are not long term economic solutions?
yeah sure of course every highly developed nation in the world,with gdp per cap of $40,000 usd and above wishes they had the "Chinese growth" of a developing nation whose GDP per cap is still below $10,000.....
its like warren buffet said,the curse of large numbers or bases,its easier to sustain a return of 23% a year compounded when u are working with millions then when u are working with 230 billion dollars.....
@@jont2576 Per cap..hahaha!! 5 dudes own 90% of wealth. The rest, living paycheck to paycheck and in debt.
@@KMuse99 i guarantee u whatever is wrong in the west,its 10 times worst in china.......at least theres a real middle class and upper middle class and even a comfortable working class......in China theres only masses of poor people struggling to survive and a tiny portion of filthy rich and their fu er dais......
uggghhhh,even the hordes of PRCs that come to ur countries,the patterns are the same.....they are either poor as hell sent to work in ur country at 25 or 21.......or they are rich spoilt brats decked out in fila and gucci and prada.......living their beautiful cinderella lives
go to australia for example and see at least everybody eats well,dress well,lives well,looks well.....they dont look like filthy peasants trying to eke out a meagre living.
in china the UN estimated GINI coefficient is 0.45......the real one is probably much much worse........if the government even bothers to keep track of,and is probably top secret if they do......why admit gini in china is not as bad as south american countries but almost as bad as african countries?
@@jont2576 in China, the poors though earns little, they do have home to live in. In countries like the US, homeless people are everywhere. Never been to Australia, but I imagine it must be similar.
@@laocongge its probably because in China its illegal to be homeless because the authorities want to save face lol....forced to live in hiding somewhere...
who cares lmao.....homeless everywhere? u dumbfarks only have steoreotypes and urban myths to live upon,what do u really know about life in first world countries nothing.especially a paradise like australia?
even if the homeless are everywhere,they are barely 1% of the population.....at least it reminds u of the real world out there,that its not all fine and dandy,but in china u dont need that.....cause half the population practically live like the homeless in the west anyway....
its a good thing u never been to Australia......u might weep there once u see how the people are living there.....and i say that coming from a first world country in asia....i mean theres a reason why 30% of australia is made up of foreigners half of those indians and the other half PRCs....
ill let u in on a secret.......budget airlines nowadays only cost $200,$300.....a mere pittance compared to flying back in the 90s and early 2000s......even for people from third world countries like philipines they can work for a month and afford to fly......
of course living in australia is not cheap.....
but if u live in hostel and eat in china town,maybe u can survive on $350 a week or less......
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise in bitcoin
I made $13,800 within 6days of trading
@@abonyievelin8739 You're lucky
I Lost $1500 trading with an unprofessional trader
@Simon Andersen You are absolutely right but we also have lots of expert, real ones with certificate and firm IDS out there waiting for investors
The importance of a professional mentorship of an expert should be the first step in trading importance of a professional mentorship of an expert should be the first step in trading
Fact to point out : China is not a communist country, it is a socialism country, meaning that all the state owned enterprises need to help ppl living in this country that is why Chinese tobacco company turning their profits to Chinese social security to pay their retired old ppl
Well done China!
China has more people than the entire EU, North America (Canada USA Mexico), Australia, South Korea, and Japan combined. So of course China will be growing more and more reliant on the domestic market.
You need to differentiate the "tradable goods" and "service generated economic activity" Tradable goods are the window where you let wealth to flow in, and domestic service activity is the tool to distribute the wealth based on skill, merit and innovation.
So in order to have a high income domestic led economy, the country must have high value added tradable or manufactured goods to export. The domestic service industries are the ones supporting and redistributing the wealth earned.
So the key for China is to move up the economic value chain for manufactured goods.
On this front, China is doing very well. They've already dominates many sectors of industries, such as the electronics and communication technology market. And we're starting to see emerging Chinese Electric Vehicle brands such as NIO, Xpeng, Li Auto and BYD, that are producing some very good EVs.
The last piece of the puzzle is the high end semiconductor manufacturing. China right now can produce up to 14nm chips. This is the key point in semiconductor fabrication. as advancement in silicone based semiconductor slows, right now is the perfect opportunity to catch up.
India also has the same population. Then why not India. ?
@@winstonalf Indian's democracy is limping on both feets, because of their corruption and inefficiency.
@@leonleon2021 im indian i completely agree with you
Greek - Have among the lowest saving rate in the world, which is a problem
China - Have among the highest saving rate in the world, which is a problem
So what's not a problem?
Balance.
Balance is key
and they call themselves economists :-)
Are saying the geeks are lousy financial bum? And Chinese are eastern jews? Is that your saying?
@@dtango8345 Are you Cathy Newman from Channel 4?
state owned enterprises vs corporate owned countries
Boost your channel on Facebook. This channel deserves more subs.
Like it or hate it China is doing great. We all need to learn from the country.
China state owned enterprises are shrinking in overall share of GDP.
Most are money spinning monopolies like petroleum and banking.
Some are shares public enterprises and subject to market competition.
The rest are public utilities that are less concerned with profits than services.
Capitalism: Wealth goes into a group of people and they keep in their pockets
Socialism: Wealth goes into the govt coffers and the govt decides where to channel the wealth.
In china’s instance, they choose to direct the wealth into infrastructure and eliminating poverty. But of course, in every society, irregardless of capitalism or socialism, there are bound to have corruption at every levels.
corruption is omnipresent. It is a human nature regardless of the form of government
@@Nafets-C Corruption is only there in non profit SOEs like military, space tech etc.
steel and cement companies are as efficient as private ones.
Go live in China.
Socialism: wealth goes to the dictator's pocket, thats why a mixed economy is the solution, it has worked in Germany and Scandinavia
the west: made in china so cheap lmao
also the west when china makes better quality products: 👁️👄👁️
threat to national security!!!!
China still makes bad quality products, its the millionaire corporations that make good products like xiaomi, china is known for its knockoff products
Who says one party rule isn’t optional
发展才是硬道理 就这么简单
I think China will grow exponentially if its internal consumption demand increases in the longer term.
That can’t happen simply due to terminal demographics.
@@IpSyCo it is happening. I have no idea what terminal demographic you are talking about. Even the birth rate in China is decreasing, it still will take decades for 1.4 billion dwindling to 1billion.
@@sunnydaysddt2068 Actually that process is set to start this decade.
They need to go through the next twenty years, after that, the demographic distribution will be better for the economy
@@IpSyCo demographics is important, but the impact is vastly overblown. China still has decades of growth ahead simply due to greater productivity brought about by urbanization, industrialization, and other forms of modernization that have yet to spread throughout the entirety of China. At the very least, China's modernization will see it through to a GDP/capita of 35k+... and that is decades away.
Trump told the American companies to move out of China yes 4% of the companies did. but where do they go Vietnam Indonesia Cambodia Thailand ...... and most of this company are owned by Chinese lol
China has a big domestic market or economy to sustain itself at a certain rate of growth until a certain period of time before its growing rate reverse its course... China has a longer economy life cycle before its speed of cycle faded and ended up just like others economy..
Yeah right. 1 billion poor peasants who consume food but make only $150 per month.
Subbed. Keep up the great work. I love me some well researched videos.
the 8000th subscribed I ; D
Great milestone 👍
Glory to China , Glory to CPC!!
I would view China as a single largest corporation in the world instead of a traditional view of government. It is a profit driven model country, so the government structure is a pyramid style, each government officials are like a company management level officer and produce positive outcomes for economic. If they do good, they will get promotion. If not, they will be let go. We don’t run company by democracy, but rather top down management by those elites who received well educated level.
Now it doesn't look so well anymore
Demographics. That, and how much you believe in it, is central to whether the drive to boost China's consumer economy will work. That the One Child per Family program is three decades old and has resulted in a shortage of thirty-year-olds, and that people below the age of 48 is where most consumption is done is the critical idea.
People's spending peaks at 48, then drops off as they save for retirement, while those under 48 are buying houses, raising children etc, all expensive demand creating stuff. The average of in China is near retirement, so in the next decade - so the demographic argument goes - savings useful for investment will get used to support them instead. Consumption will drop because China has far fewer people in the appropriate age range - young people.
Note that Germany is in the same position, which is why it is an export-driven economy. In the developed world generally we Baby Boomers did not replace ourselves and are now headed into retirement. So the demand will drop worldwide, and both export AND consumption-driven economic growth becomes unworkable.
So if you believe Demographics is really going to be a dominant force -as opposed to "yes there will be an impact but we can deal with it" - then China depending on becoming a consumer economy is not workable, and the export boom will dry up too.
You do make sense. But I would also argue that consumption is not the key to economic growth, production is. GDP is calculated by production, not consumption. Money in an economy is going to end up in someone's hand one way or another, and that ultimately end up becoming capital or consumption.
people acutally have unlimited wants, meaning if you put money in their hands, they will find a way to spend it.
What actually would cause the imbalance is when the products does not fit people's desires. Like when China overproduced steel, while people didn't need that much steel. What can happen is that China just produce higher quality and higher priced goods, then people with the money would buy them, then the system would work out.
China do has huge consumption capacity. Luxry goods consumption had being booming in recent years, as well as foreign traveling spending. The problem is for the supply side to catch up to the shifting consumer demend.
@@blazingsun971 Products that are produced need to be consumed. If you increase production without an increase in consumption you’re essentially operating at a loss. If that happens company’s go out of business and you’ll most likely see a depression on an unprecedented scale. The only consumer economy set to avoid a demographic collapse in the next few decades is the US, France, and New Zealand. China has managed to piss off all of those countries so exporting to them will not be a viable option.
They have change the system now more children more government support
@@blazingsun971 well said, agree with you. What many confuse is that wealth is not created by consumption, instead by research and innovation. I try to make it simple. Let's say you're a small country and your industry is made of food, clothing, transport, constructions, and that's pretty much all. Now a real growth is not the increase of demand in the fields nominated above, rather a birth of a new field, like let's say biomedical industry. If a new field is born, it means more jobs are created, more demand for an independent new product, therefore more wealth. If many new fields are born and productivity is increased ( in the sense of, if before you needed 1 person to produce 1 product now you need less than 1) then you can achieve a higher level of wealth with the same work. The key in economic development is not to constantly increase the demand, that's not capitalism, that's just a sick consum-ism. Instead the creation of new branches and increase of productivity, that's what growth means. Imagine, nowadays we can enjoy a level of wealth even the kings of the biggest empires 500years ago could only dream of, that's because we invented things which made our lives easier.
China abolished the one child policy in 2013 you are quite outdated
remarkable? extraordinary. incredible. that's what it is.
Chinese tend to save for the future. Especially the old generation. Unlike the western consumption habits that consume now and pay in the future.
In Germany it's quite the standard to save a lot of money because of the troubled past of the country.
Their children still get raised to always save money for difficult times.
meanwhile: indian: india no.1 🇮🇳
Suggestions coming from countries that are plunging in economy, nice work!
It`s YUAN not YEN
Because the world still needs things made in China...
This is one high quality! This needs more views
Thanks! Feel free to share with your friends 👍
Do I believe the data? No! Politics comes first for the ccp. The ccp requires success to be legitimate, so the ccp declares its self successful. Transferring wealth to the household level would require redirecting from rich and well-connected leaders, good luck with that.
How can Democracies cannot survive economic meltdowns. It's common sense.
Your videos are great! You deserve a lot more subs. Good luck with marketing, if a higher sub count is something you’re actually interested in
The world is looking after you 😍 China must lead the world now....
Is that really something you're looking forward to?
West can just copy and create their own SOEs to compete with China. And stop complaining Learn from them
Turkish economy also grew by 1.9-2% in 2020. So China is not the only one.
Didn’t Egypt grow in the pandemic?
who doesn't like china on economic matters?
Are you an economist?🤯😱
What happens once the economy stops growing in China? Reforms?
It will happen after 2050 I believe, but I believe the government will figure out how to make it in the future by wisdom
@@weizhang2834 i thinks as their economic growth, they are likely to relax restrictions gradually
I think China is lucky enough to grow into a future that experiences an extreme social shift driven by a qualitative surge in technology. With AI and automation, basic resources like food, housing and common goods will be produced with extremely low cost, people's life expectancy will increase enough to redefine social construct. I believe under those extreme changes driven by technology, a totalitarian government like CHina under the correct leadership (if lucky) will have the best chance to transition into the new future.
As long as china doesn't get tricked or somehow forced to sign a Plaza Accords type document that destroyed Japans growth in the 90s
Scientific breakthrough. Industrial revolution and upgrade would bring new economic growth.
Like your videos, cheers from Malaysia :)
The American history is hahaha 😂 now...
Propulsion wins
On a scientific approach, China's total export amount to only 17% of its GDP on year 2019. This is within ballpark for last few years.
According to IMF, China's debt ratio is about 50% of its GDP.
China also waived or rearranged their loans to third world countries for 78 times.
China also loaned a substantial amount to US, these bonds are sunk cost to China, and is prepared to waive them for better return for China.
Hardfacts are hardfacts, like it or not!
It's ot good to get jealous of someone's or some countries success. But if it begins to..
1.Pinch your pocket
2. Destroy your economy
3. Give them ego
4. And grab your land.
Then you know, you gotta show no mercy.
PRINTING MONEY.....
Center of economy ...
Hmm, in short, Chinese produce too much and spend too little. What a contrast to the place I live right now.
To bust domestic demand in China, needs policies help to cut two biggest household spendings: housing and education
Most of my friends in China aged 20-30 owes the bank or alibaba a month of salary worth of credit, because the younger generation now has a great appetite for spending. So I am sure domestic demand will be growing quite quickly to ensure a stable shift to the so call dual circulation model. Its only the older generation still saving a lot because they grew up during the harder times.
i'm curious about the housing in your country, do many young people (20-30) in china already have roof of their own?
Export dependency is better than spending on credit.
Too much timepass...china will be made to grow more too....since anyway no balance or imbalance in world....by creator
The private sectors contributes enough to back up the government sector.
The new investment treaty with EU and RCEP both gear toward opening the domestic market to ease the foreign trade balance and to fine tune the economic equilibrium.
And they said we are broke try again they had it fixed all the time they were never broke
Taiwan is the first in 2020
I specifically searched your name. Cuz 1 year later you would have exactly 153.5k subscribers. Your welcomed
Haha that would be great ey! 👍
@@AltSimplified you might think I am crazy but it’s foretold
@@AltSimplified Ah here it is!
@@None-do2qn always delivers Haa
@@AltSimplified lol 😂. Thanks for replying. It meant a lot ❤️
Well done china
Focusing on bad things are not gonna go good.., you need to stop and think: what can ¡ do for the things going good?
Maybe you can’t alone patch everything up, but a positive attitude is contagious,..
If you want to change the world you need to change your behaviour,..
news is biosed
Trump sick to think about this.
讲得不错，但有一点其实up主自己都没意识到。中国所谓“国企的过度投资”“大规模基建”，不是投资行为，而是政府主导的消费行为，类似于放大了好几倍的凯恩斯主义。中国经济是一艘巨轮，开得慢一点、稳一点，也比崩溃倒下好太多了。
不，是消费的投资部门消费了上游的生产部门，但是最终还是要有最终消费者，比如铺设铁路可以消费钢铁，但是最终还是要靠乘客才能把这个游戏继续玩下去。由于投资周期可能有好几年，所以最终消费和生产部门消费之前只是有个时间差而已，苏联在实行所谓新经济政策时也是这个逻辑。
没想到在这里看见中文评论哈哈
@@ZGSPG 高铁大部分时间是满的，加上网上购物带来的货物运输。需求是无限的。
@@jasonwang1572 说明你也没坐过多少高铁，我19年国庆节坐大连去沈阳的高铁，至多坐了三分之一。我还坐过长春到珲春，西安到兰州，桂林到贵阳，都是人很少的车。
Yes, yen instead of yuan
Aka china make alot of chep stuff and people in qurntine buy shit tone of random stuff
How about the flooding in the south,and problems with there tariff s
Even with all these - the economy grew (and exceeded the expectation) is remarkable
Floods are commonplace in China. They wreak havoc on food supplies and economic activity, but China has been dealing with major floods every few generations for millennia now.
💪🏻🇨🇳
Amazing video!
Winning?
weh!
Spreaded corona let world bleed
Very informative video ❤👍
are you indian?
@@mrhand3350 : I'm half German and half Austrian. Liebe Grüße aus Europa ❤
If it’s 2 percent of useless growth is literally useless...might as well recessed
PRC-CCP Propaganda video
An easy feat, when there is history of cooking up numbers
Judging by the current ocean rates and the constant flow of goods out of China, I doubt is only "cooking" numbers. Many institutions and global companies outside of China do confirm chinese economy bounceback in 2020 and project a strong recovery in 2021. Your beliefs don't matter.
bias blocks you from interpreting reality correctly
This is from IMF
Sour grape
you can cook a number for a year or two but for a longtime without loops showing. china have consistently been able to back up their numbers years after year through their export, growth, and production. your just jealous because India botched their covid response and will be seeing a -10% growth
again, interesting video but I think you have missed the key point to the 'why China economy didn't go into recession in 2020'. the anwser is short, they got the pandemic under control. if it wasn't because China got the virus got control, the increase in export is impossible (because you won't have anything to export at all if all factories are shut down).
the second point you got confused on the 'reform on provider side' is that, the 'reform of provider side' is not new, it started as early as 2015, and the goal of it not reducing provide capability, but to diversify. which proves working well.
the 3rd thing you got confused is on the 'dual circulation', this is an more political answer to US' 'de-couple' threat, and smart one. Chinese is trying to use its vast domestic market as a counter measure to the fast changing international market. this policy's true effect is yet to show. ultimately, unexpectedly to many westerners, this will lead to a free exchange of Yuan, and an open capital market.
in short, Chinese economy didn't go into recession in 2020 is simply because they got pandemic under control, and nothing else.
@Cody J do you actually have anything to say based on facts?
@Cody J not fact to me.
@Cody J this is not ‘how many people believe it’ game. Such as exporting numbers, they cannot be faked, and those are facts. It’s nothing to do how many people believe it.
@Cody J your world seems a bit strange. As a Chinese, as you said, I’m not interested in your world and happy to be singled out.
@Cody J this right here... this kind of thinking... is how the US populace got so easily propagandized into going to war with Iraq over non-existent WMDs.
Sexy and sensational narratives about foreign countries acting like Bond villains thrive, and those who parrot these silly beliefs have no idea how absolutely goofy they look.
We all know how that was done. I hope they find repercussions and I'm sure they will.
When you already what calamity you are going to present this world , you will prepare yourself in advance , won't you?
blaming other is always Indian attitude.no wonder their cities are rubbish
Curry
Epidemics happen, and will continue to happen. No one was casting blame at Mexico when the Swine Flu went global, nor was much made of the other various epidemics to cross borders within the last 20 years.
Trump would have better served his own interests by taking the virus more seriously rather than playing political blame-games. And Trump's supporters would have served their interests better by focusing on the American response rather than crusading against China and masks.
@@ns.hidayat they r just joke of the world... funny people
Stinky Singh/Singhs. Cry me a river when Chinese economy is 6-7 times larger than Indian economy. When your public health service is really vacant, Indian economy will have a free fall, won't it?
In fact China is not alone here. India is another major economy entity with positive growth in 2020, according to the data of world bank.
Is this supposed to be satire? India’s gdp is expected to shrink 10% in 2020
Lol!
keep dreaming, Indian.
I love your sense of humor.
No farmer no food
Just lie about numbers 😜
People’s feelings don’t lie
Their GDP is exaggerated more than 10×
Ohhh look an expert...lol !!!
Feel bad for the school system of this guy's country.
you are right