Shekarji, the Print needs to cover the atrocities in Sandeshkhali. Your publication justifiably made a huge cry over atrocities in Manipur, it's time to extend that coverage to the poor people of Bengal.
Yes, one is getting the feeling something beyond reported news and hyperbolic statements has happened there... Maybe @ThePRINT doesn't have anyone near ground yet.
Have you noticed how all Leftist Media have imposed "Silent Ban" over any News from Bengal ? They just won't show it. Not just this time, but even Post-Poll Election Violence was never shown. Its as if Crimes on Hindus don't happen, Only Crimes on Muslims are acknowledged.
I think they'll make it. But, to do good journalism they need time to send reporters on ground, gather sources and produce reliable reports first, for the editor in chief, sitting in delhi, to declutter the noise.
"Let me make it clear, anyone who doesn't talk about strongly is as criminal as those criminals themselves" virtue signalling today, are we? You don't have the right to order people on what is right and what isn't
I was listelistening to Atif Mian, a macroeconomist, and he astutely pointed out that China had always built for overcapacity. Basically they had borrowed to produce way more than they can consume so they could export the overcapacity. Now they are stuck with debt used to build that excess capacity
BRI was one of the brilliant decisions to offload that “excess capacity”, However since developed nations + India did not join that initiative, it dealt a minor blow to the BRI
@@muralidhar40 True. BRI was a lifeline for Chinese companies who were over producing. They have run out of things to build even in poor and developing countries since they also cannot bear debt burden. India should invest in infrastructure and slowly focus low end manufacturing like Textiles, Electronics assembly, toys etc. Hopefully our exports can touch above $1 Trillion in manufactured goods minus any raw material and agricultural exports. This will catapult India to $10 Trillion economy in less than a decade.
This is not a secret, it can also be said that even ordinary people like you and me understand the truth, politicians have long known it. So the question has never been about finding a way to grow the economy, but how to take the first step and move forward steadily, which is something India will never be able to do
What do you meam by over producing? Can you give specific examples of this? I can't seem to see how they were over producing when their productions are mostly orders for foreign companies.
He wouldn't...he was reporting on privileged and well-known wrestlers' unproven allegations coz they are from his state But r*pe of unprivileged women from backward communities is termed as sexual exploitation and is not worth reporting for Shekhar and his minions Actually they fear the real "tanashah" sitting in Bengal and his on ground reporters would rather shit their pants than do a report from there
Still no video on #SANDESHKHALI. Are you waiting for a Rajya Sabha like shameless Sagarika or because Hindu lives don’t matter when criminal is Muslims & belongs to anti-BJP front?
Well, it is because they are D4lits. Lutyens media doesn't like to talk about their suffering because it would anger the Bandaloks - their allies in Bengal. Lutyens media has a deep history of burying atrocities against Hindu refugees and D4lits in West Bengal since the early days of Jyoti Basu. Never forget Marichjhapi.
@@AmalTan Big test for Dilip Mandal. If he doesn't talk now, the world will know the fake and complicit he is. If he doesn't talk now, he is as much a criminal as those criminals in Bengal.
@@AseemKumar9 the world won't know simply because you believe so. We need to let the world know that folks like Mandal and Yengde are nothing more than charlatans.
Most of the demands are ridiculous, the MSP demand itself will cost 10lakh crores, then fhere is getting out of WTO and stopping free trade, pension for farners and farm labourers.
Chinese economy is in a transition state from reliance on low tech high labour industries like real estate furniture, household appliances, toys, textiles to robotics, NEVs, AI, chips etc. The reason for falling FDI is more local investments are replacing it. A good example is Electrical Cars exports have overtaken Japan. It is moving to a higher quality exports. Most people cannot tell the difference between profit and profitability.
1. The idea that an economy should continue to grow for ever and at higher rates is fundamentally wrong. Japan has shrinking population and its economy is almost stagnant. But Japan is not growing poor. Similarly, Chinese population is now stagnant, if not shrinking. So if its economy is not growing too high, it is fine. 2. Having said this, there would always be many structural issues in the economy, which need to be resolved from time to time. Further, there is no need for China to become No 1 economy in the world so soon or otherwise; as long as it is doing well on quality of life parameters for its population, it is fine. Further, China is way ahead of the 3rd largest economy in the world in any case! And whatever be the condition of Chinese economy, it is not a weak country as far as its economy or its military power goes. It can make USA shiver anytime, even if whispers Taiwan!! 3. So let the Chinese resolve their issues. If foreign capital is coming out of China, it means they are selling their investments at a loss and are moving out. Who is suffering loss? Not the Chinese but the Western investors! So bother about the West rather than China!!!!
A good logic but let's look it the other way, if in a huge Mall doing a roaring business, when shops start closing down or moving out, the apparent primary loss can be said to be of the shopkeepers, but it will ultimately lead to the loss of the Mall which will go defunct.
@@satishsharma9307 You are right. How to handle this situation is a matter of structural adjustments to the economy. My point is that just because Chinese economy has slowed down, it is going to be trouble is not exactly so!! The metric of economic growth as the sole criteria for judging a nation needs to be modified.
Japan went from richer than USA in 95 to poorer than them in 23.so yes Japan is growing poorer if you take inflation in account. They went from super rich to just normal rich. 2. If west is selling their assets for loss in China that mean they don't see any growth in future from them and that will have effect on many industry which are connected to them. We will see what we are seeing in turkey nowdays. China will remain a millitary power but not economic power.
Exactly, they are good at making only those things themselves which a western company already makes in china as well. The western companies bring supply chain improvements and then the Chinese companies work with same supply chain to use those in their products. Without external ideas, they are lost in manufacturing, can only copy stuff.
When it is about China, India seems to follow the footsteps of the US. The US has been parroting such narratives for decades. Yet, China slowly and steadily becomes richer, prosperous and stronger. Even being an Indian we must learn how China has become so prosperous. Stop following the footstpes of the US. Shekharji!!🙏
Not parroting US...China has really slowed with other challenges...while US came strong in 2023 and counting....US extended its lead on GDP.....many future prediction if China crossing zuS in 2028 is Not possible ..it may considerable slow for population slowing....coupled with Xi jing ping handling . ....yes China gas come long way and built a prosperous nation ...but last few years has been challenging
The Chinese have saved a lot of money so of course many will celebrate and enjoy it. It's an 18 trillion dollar economy with 12000 USD per capita income . The article is about their growth trajectory here onwards. Where is the contradiction here.
Sorry, but you have the wrong take on China. There's no credible source that says their debt to gdp ratio is 300%. If it is an apples to apples comparison, then this is true for many other countries. Ask any international banker if the Chinese economy is a problem, and they will say this is not the case. The IMF report a much lower %. They are investing in all the right things for the future - Public transportation infrastructure, electric vehicles, solar cells, machine learning, etc. It may look like Mexico is the largest trading partner with the US, and that there is increase in US trade with countries like Vietnam and Indonesia. But if you look more carefully, all these countries have commensurate increase in trade deficit with China, and the Chinese have set up factories in Mexico, Vietnam and Indonesia so that it looks like the products are emerging from these countries. In reality, this has merely increased the cost of goods traded, and is partially the reason for inflation in the US. Look deeper as to what the real issue is, please.
He looked deeper than you, he refused to acknowledge and talk about facts to his audience, thats all. In fact, his audience are not stupid either, they do the same thing.
Another China expert. Never went to China, can't reads mandarin, never interviewed any chinese economists or policy makers. But now somehow become an expert. Good job Mr.Expert!
@@rollinglama SG has mostly ever covered and viewed China and some of its policies positively since a long time. But now when there's a point to be called out - he called it out. Coming to jealousy - Indians mostly have been very respectful of China's growth and development and have taken it as a learning. As in any lessons or learning - its also about learning to do the same mistakes. This episode is about the latter.
One thing I would like to point out Gordon Chang and many other well known economists, Wall Street Journal etc had been predicting for the last 2-3 decades that China's economy would collapse. God knows when those fortune tellers predictions are going to be true. There's no harm in day dreaming.
India is too busy doing propaganda against China, instead of working on it's own economy. I have not seen a country more negative than India. Outside of India no one talks like this about China. It only shows how jealous is India about China's development . Some people say that India is only making it's master USA happy. So unfortunate
SG has mostly ever covered and viewed China and some of its policies positively since a long time. But now when there's a point to be called out - he called it out. Coming to jealousy - Indians mostly have been very respectful of China's growth and development and have taken it as a learning. As in any lessons or learning - its also about learning not to repeat the same mistakes. This episode is about the latter. Also news about China is pretty much mainstream news all around the world.
Mr Xi is doing good. Too much bad debt in real estate in China and he is clearing up. Modi did a brilliant job clearing the bad debt in the Indian banking system. Most of the Chinese debt is internal debt and can be wiped out by the govt without affecting his AAA credit score to borrow more from the international donors. USA debt to GDP will cross 200% by the end of the year. Most of these money belongs to international govt as we buy their debt so that they can print more USD. USA will wipe it out but it will still not affect USD as we are fool and we will continue to buy American debt as all our economy depends on USD. Japan’s debt to GDP is over 300% and is mixed.
Thank you for your wise take. It looks as if the speaker deliberately tries to create a certain conclusion about Chinas economic future. I do agree that while there would be some short term pain associated with the reforms which the Chinese government is doing right now, in the long term it is doing the right thing. Chinese people (or any country for that matter) do not care about a particular ranking, rather to improve their standard of living. Even at 4-5% growth and a declining population, the per capita growth could be around 6%, which is very good. The no.1 ranking has more geopolitical and military ramifications rather than a purely economic one. Greetings from India 🇮🇳 🙏
Ha ha ha! Cracked open a beer after listening to this! Where are the WUFF WUFF WARRIOIRS now , soiling themselves? Well done Uncle Xi! May you stay in power for the next 10 years!!
Don't hold your breath! This is typical of you Indians. Can't make your country great, wish Ill for your neighbour. If you're happy listening to unfounded China bashing, go listen to Gordon Chang😅. He's been predicting the fall of China for decades.
Well, China's Growth has considerably slowing down,But US not only Destroyed the Impressions of expected Recession, It's Growth is Rising and is now at 3% on a Quarter basis, Europeans are struggling due to their own mistakes,From Socialist policies and Social Security Raking up Massive Debts,To stopping Cheap Energy Imports, Allowing Illegal Immigrants etc
who would have thought that when u can print money on demand without significant consequences and then export the inflation to the rest of the world, u would crush any competing nation economically and also criticise your allies for their poor policies. 👍
Did you ask why the US growth is so high? did you inspect what actually contribute to the rise in economic data in the US? Why is the feds worried? the data looks good right? Why are there so many homeless? why is the US citizens complaining about jobs and prices? their unemployment number is at record high right?
the good old debt fueled growth. Biden is outspending all US presidency to prop up this "impression" while the world is doing more and more dedollarization. Recession is coming this year
For the viewers here who wants to seek truth from "facts" presented in this video. First I would like to say, no respectable analyst would say that an economic problem in China is created by arrogance and authoritarianism. This is just bias and ideological. China has made mistakes like any other economy but not through arrogance or authoritarianism. Lets analyze a few points: 1) Babies: Birth rate is a huge problem in China stemming mainly from the adoption of capitalist corporate system and life style that does not reward childbearing and a culture of western individualism that values the pursuit of happiness above all else in life. However, to say that the current economic challenge is coming from low birth rate is flat out lying or trying to be misleading. This is a problem that will bite China 20 years down the road but definitely not now. 2) Real estate: 20 million house sounds alot but can anyone guess how much apartment there are in China? There are over 600 million buildings in China and not all are apartment of course, but this tells you about the scale of China's construction. 20 million is a drop in a bucket and it does not effect the economy in any scale. Secondly, the host make it seems like Chinese banks are collapsing due to real estate dev default. Nothing can be further from the truth. If this is the case, there will be lines of people trying to cash out from the bank. There are currently many Indians living in China, contact them and ask them if the Chinese are lining up outside their bank to cash out. The only organization that collapsed from this is a shadow banking company that primarily caters to high end investors which does not in anyway effect the economy nor the stability of the country. The biggest loser from real estate default is not the Chinese bank, they get to restructure debts and since they are owned by the state, the state has plenty of ammunition to shore up cash. The biggest loser is in fact the foreign investors that get almost nothing from the collapse of companies like evergrande. Many of these companies are some of the largest financial institution on the planet and they are not happy. This is why many are staying out of further investment in China. However, China no longer relies on FDI to grow. It is infact the least important component for economic growth. Domestic consumption and high tech manufacturing is positioned to be the most important. 3) Debt: It is true that China is heavily indebted. But to who? Who is lending and who is borrowing. The majority of debt is coming from the real estate developers which is deflating and resolving shortly and the other are coming from local gov financing vehicle company. This is the problem. The vast majority of Chinese don't pay property tax, so the local gov relies on selling land to raise funds to built infrastructures and spend on other things. Rich local gov like Shanghai and zhejiang has no problem, because they can rely on other income such as corporate tax, but less economically well off place are finding huge difficulties in raising funds to service debts. SO who do they borrow from? The state owned banks, not even the citizen. What does this mean? It is much easier to restructure the debt when it is the gov borrowing from itself. This practice of selling land and heavy borrowing to raise cash is a leftover from the last decade of crazy borrowing and is no longer the case now. SO once this debt is restructured, the problem will be solved. Debt owed to private banks and individuals are much harder to restructure. 4) Deflation: everyones favorite topic for China collapsing theory. While Consumer has tightened up their wallet due to factors such as worsening economic outlook world wide and domestically, it is not the biggest contributors to the deflation last quarter. Take a look at the data and you will find that the drop in pork price and transportation is the main cause. Pork is a staple food and main protein source in China and it is weighted heavily in China's CPI calculation. Price of cars and other transport cost is dropping as well thanks to price wars and cheaper fuel price. This is a welcome sign for most consumers. The other key components stayed relatively stable and slightly increase throughout the year. 5) Geopolitics: What does this have to do with current Chinese economic challenge? Not much really. It is mainly confined in the tech sector and some factories establishing factories overseas to get around sanction. This has nothing to do with neighboring conflicts and has more to do with China vs US rivalry where China is on the defense and the US is always on the offense with sanctions and tariff. Blaming all the tension between some of china's neighbor on China is extremely dishonest at best. this is a complex situation that i wont cover here. 6) China global GDP percentage: This is another dishonest way of judging China's economy. This shrinking of global GDP percentage is primarily caused by the exchange rate with USD. When the US is posting fake economic growth on due to huge gov spending + booming US stocks + high interest rate, most country is going to lose currency exchange rate with the US. Just look at Japanese Yen and Euro for example. If you want to compare GDP to measure economic strength then take a look at the GDP PPP to get a more accurate measure of relative strength. Final word: Look beyond rhetorics and ideologue to seek the truth. When a host or a commentator start mixing ideology such as democracy vs authoritarian or putting human personality such as arrogance or jealous on a country, it should raise a red flag for a biased driven narrative. A bias driven narrative will seek information to support their bias only and ignores the information that goes against the bias. I welcome intelligent discussion and not ideology or hate fights.
The innocence with which people below ask Shri Gupta to cover Sandeshkhali brings tears to my eyes. ThePrint has done a perfunctory '50-word edit' and dusted its hands off. Sufficient for future deniability of biased reporting. Don't expect too much more.
Some lessons for Tamil Nadu from the Chinese GDP growth. Three Trillion economy fueled by debts and handouts is a disaster. Hope our people find wisdom.
Comparison of Labor Productivity levels (USD per person employed per hour): Singapore 59.76 USD/Hour Hongkong 44.68 $ Japan 36.22 $ Korea 28.70 $ Indonesia 10.21 $ India 6.46 $
What is relevance to article/video? Is purpose simply to make a group look down? Second, this data and calculations is tricky when you take counteries with large population spread across unorganized sector and have manual labour. Third In case of india even indian economist are unsure of actual wealth generation vs declared wealth. 4th, there is a huge disparity between urban cs rural poorly educated worker. It is easy to club all people together by nation without actually having in depth understanding of a country
Comparing countries which have gone through complete growth cycles with India whose growth cycle is not even half way through in terms of productivity only goes to show how stupid or politically biased the person making these comparisons is. He also added a few tiny island countries just incase anyone has a doubt that the person about the person's stupidity.
I have been a paid subscriber to this channel for several years. I recently convinced my wife to become a paid subscriber as well. Nobody cuts the clutter from the noisy news cycle like Mr.Gupta. Truly a gem of a channel -- just look at this particular episode and how much ground it covers and how clearly everything is explained. Please support this channel as much as you can.
True But people like shnesh welcome anti Hindu and anti Indian racist Islam fundamentals like wajahid sayeed khan I have cancelled my subscription as I am against these low intellect journalists You should cancel your subscription till this fool is fired from the print
Thank you for such kind words, my friend, and the wonderful endorsement... your support really means a lot. Do keep watching and writing in...best wishes, Shekhar
You don't learn. This is what they have been saying for years. I guess the US is good at managing a bubble economy. Leave UA-cam, spend time on a book, and stop hating.
According to maNy economists and China experts, China had collapsed 30 years ago. But what has happened? IMHO, PPP term of calculating GDP in which China alteady the world largest in 2014 till today is more accurate. Why bcoz US can play interest and printing money to boost its economy at the expense of the world. Anyway, shares and financial services accountable a largest portion if US's GDP and not hard tangible assets or products outputs. So whats your take? As regard to US housing bubble in 2008, did US collapsed. Instead u r commenting that US is growing by more borrowing and in a era of dedollarisation trend. It's true that many had moved out from China, so do many that r from Chinese own companies. Eg BYD is building big factories in Brazil, Hungry, Thailand, Japan, Mexico and even India too, right. Huge steel mills are moved to Asean nations too. In general, which major countries in thr world had achieved a better growth with no problems and also in scale. As for India, it is still 5-6x smaller than China even China has zero growth this year. In reality, China is forecasting 5% growth for a GDP 6x times larger if that makes any sense. Again about the accuracy or its govt's credibility or capabilty of China's growth figures since the past and now, today China if you visited there lately speak much louder than any experts or economists had predicted or expected. Heard from CNBC today, The Next China will not be India or Vietnam, It is still China!
I see a huge growth in poverty in india in coming decade. In fact much worse than most countries in our region with the only exception of pakistan probably.
Poverty in India has always been there, will it increase or decrease is the real question here. India’s growth is going up but who is actually benefitting? Not the middle or lower class, the top 1% will benefit the most. Modi favours the rich, the only time you’ll get money is when Modi wants to buy your vote, but he’ll take it back of you through taxes, find out how much taxes the rich pays in your country and then you’ll wake up…
@@kevinclasher3160 The growth that you mentioned is more than accounted by some increase in working age population. Not all of working age population are working though or even those that are I don't think are working at wages commensurate with future security. Pension will be a huge issue and burden for future governments like most developed countries have.
@@nicksonpinto2074 the working age issue is not right now, that is something they need to workout for the future. The thing is China has never said they wanted to be a superpower, they want a multi-poplar world. Where the West been suppressing the third world like Africa, China helped them to where they are today and this is not all China, India has a part to play in this. BRICS is the on,y thing that threatens the G7 that’s controlled by the US. Modi’s ambition is to become the world superpower, to him China is a threat to his ambition, for one China prevented India to join the UN Security Council and China has always been seen more successful than India so Modi will do his utmost to ruin China’s growth to surpass them. You see, Modi can be the one who topples the West’s hegemony over the world by properly siding with the global South. At the moment Modi is flip flopping around between the West and global south, can’t seem to decide which side he’s on…. He wants to be like the West but at the same times wants the global south to give him respect. You know there is no way to be friends with Russia and the West at the same time, sooner or later as like now, India is going to get sanctioned by the EU. The US is only using Modi to fight China, end game here is for the collapse of Asia. If the US get there way and Modi falls for it then caching and India will fall, the US makes money from selling weapons to all the countries fighting China and doesn’t need to use their own troops to do it. Let’s say China falls and India takes over China, you think the US will allow India to grow to challenge the US? Being honest, if China fails so will India and the global south. The US already has major military bases surrounding China when China falls, there a,ready in place ready to finish of India, after that there will be no country close enough to challenge the US’s hegemony…
Chinese fundamentals are very strong. Their Universities and human resource are among the top. They dont want their country like growth showing cycle of capitalism, like usa and japan. World no-1 economy America cannot provide its 34 crore people a good and peaceful life.
Yes debt is going to create economic problems. However, because most of the debt is in Chinese currency, Beijing can “cheapen” the debt by simply printing money to pay it off. Of course that will cause inflation but the danger of debt is over sold. No the real problem is under consumption. China has depressed consumption to reallocate it for growth by investing what isn’t consumed (aka savings) in increasing the productive capacity of the economy. The problem is they have overdone it and a lot of the investment has gone into things that does nothing to grow the economy. Creating housing that no one lives in may add to the GDP, but doesn’t do much to create useful productive capacity. The real threat is the shift in the mood of the Chinese consumer toward pessimism and the decline in young people which all contribute toward falling consumption that can result in deflation. It is deflation that pose a mortal danger to the health of the economy. Beijing will have no choice but to cheapen the currency and trigger inflation as the way to solve the debt problem and counteract deflation. Once deflation takes hold, it can become a death spiral as waves of consumption reduction is followed by waves of companies going under, causing waves of unemployment, which cause more loss of consumption, etc. The last time this happened, it was called the Great Depression.
Dont divert / focus on the Indian economy mess / press freedom / malnutrition / GDP / Price rise / unemployment / agravian crisis.... Shekhar Gupta China has / will takr care of itself / report on the farmers rightful protest amd question the border like barricades...
@SG, 10:15 mathematics lesson, debt multiply by 6 is not same as debt to power 6. These two are different, one is multiplication and other one is exponential.Between, very good analysis and summary of where China is heading at.
A new furniture costs me around 70€ and was made in China but most things that are expensive are not exported from China Not saying that China doesn't manufacture anything of value but don't confuse quantity with value
Fantastic presentation. The way you have explained the downfall of the chinese economy& the reasons behind it in a simple language is what we expect from cut the clutter.
You said Chinese debt is 300% of GDP, which means around $55 trillion, much bigger than the US debt ($34 trillion)... But have you ever thought China didn't spend as much as the US did ??? The US had several wars like Korea War, Vietnam War, Gulf War, Afghanistan War, which all took huge money...... In addition the US had Apollo program and had to maintain about 800 military bases around the world..... which are very expensive. But China didn't have all of those (wars, Apollo program, and military bases) ..... Do you know where did China spend that $55 trillion?
No, in fact the gap is getting wider. China is reforming its economy against western economic norms. It will come out alot stronger in a couple of years if the reform is successful. You can see many tech breakthroughs in recent years and the economy now is less reliant on real estate and investment. It will focus on internal circulation, self reliance and high tech manufacturing. Just a take a look at the EV industry. China is not abandoning its manufacturing and become a financialized economy like the US and EU. It still contributes about 35% of the world's production and still rising. Don't follow western economic logic, China is on its own economic path.
@@turtlesoup8134no it will not, in the end communism and centralized planning don’t work. It may look in the short term that it is but eventually it will not
16:30 the builders in most cases have used the fund for purchasing further lands instead of completing the ones they got deposit for. They thaught they could complete them with borrowings from banks but banks stopped giving them loans.
One thing we must remember that no other country in the entire human history has displayed such discipline, creativity and speed in resolving their issues. In popular democracies, parties have changed but policies have remained stagnant. In China, party hasn't changed but diverse policies have been explored. Media's interpretation of China is largely skewed and half-baked.
This guy is saying a lot of truth l am the United states, l understand what he is saying l have been to China before, their economy was too Export oriented and overreliance of Foreign investment. Many foreigners invested in the Chinese Real estate sector through offshore banks and the Developer companies have declared bankruptcy. Many Chinese people who bought mortgages are seeing the Building projects not completed and refusing to continue to pay. The change to more advanced technology is good but what happens to the lower class who abandoned farms and moves to the cities they are mostly the ones affected and some of the middle class.
If China's economy is fading, then I'm a moron. Chinas economy may be facing problem, but fading? India only is contributing sufficiently to china by the mobile phones that Indians are buying of Chinese origin, despite we being patriotic after every skirmish with china, but when money is to be spent, then its Chinese mobiles. If Chinese economy is fading , then given the unemployment figures in India, I'm sure he would say Indian economy is flying. I'm fedip with godi and UA-cam journalist making sensational and dooms day headlines. Where do we get news, whoch doesn't affect our brain? China as of today is the factory of the world. Please give figures of chinas per capita income, GNP, etc. Let's see how good your headlines is. I'll not add much, as no use saying anything about UA-cam channels too
I find it unbelievable that the Chinese economy has grown by 5% or 4% during the last two or three years. This would be regarded as a healthy growth rate.
He wouldn't...he was reporting on privileged and well-known wrestlers' unproven allegations coz they are from his state But r*pe of unprivileged women from backward communities is termed as sexual exploitation and is not worth reporting for Shekhar and his minions Actually they fear the real "tanashah" sitting in Bengal and his on ground reporters would rather shit their pants than do a report from there
China 's per capita GDP is almost 6 times that of India with almost equal if not less population. Hoping that China will one day become equal to India is wishful thinking.
Of the total 7.6 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 868.9 billion U.S. dollars in U.S. securities.2 Jan 2024 Sir I think you are representing only one side of the story. Kindly account the above fact & elaborate
MAKE A VIDEO ON SANDESHKHALI OF WEST BENGAL. WHAT IS THE USE MAKING VIDEO ON CHAINESE ECONOMY, people sitting in the government already know it, and they are the masters on this subject. SO MAKE VIDEO FOR COMMON PEOPLE AS YOU DONE EARLIER BY MAKING ON MANIPUR.
Why nothing was said about the huge Chinese foreign exchange and gold reserves? Surely with those reserves, they will pump in money to revive their economy.
What happened with Jack Ma has nothing to do with his company having a monopoly. It was to do with the fact that he, along with few other Shanghai elites, had started challenging Xi. Xi put him in his place.
As a proud Indian🇮🇳. My love, respect and congratulations to the Maldives ♥ for their wise decision in choosing the superior trading partner China instead of India. It will benefit the Maldivian people greatly. Here is why: - China is 60 times richer than India. (I know it's unfair that the British looted 45 trillion from India, but it is what it is) - China's economy is 6 times larger than India's. - China's yearly growth is 5 times greater than India's. - China has better living conditions and healthcare; on average, they live a whole decade more than their Indian counterpart. - China launches 20-50 times more rockets than India into space every year. - China is a lot more intelligent, with an IQ of 104 compared to India's 76. - China is more athletic and stronger than India, winning 713 more medals than India in the Olympic games. - China won 38 times more gold medals than India the last Olympic games 2021. - China's reserves is 7 times larger than India's reserves. - India is forced to use the Chinese currency when purchasing oil from Russia, Iran, or Venezuela. Due to weak & undesirable Indian Rupees. - China has 21 times more companies in the Fortune 500 than India. *Rovers on Mars* China: Yes India: No. *Brought back Lunar Samples* China: Yes India: No. *Humans in space* China: Yes India: No. *Space station orbiting above us right this moment* China: Yes India: No. *World coverage constellation satellites * China's BeiDou: Yes India's Navic: No, *Indian News* FirstPost: China overtakes US to become world's richest nation. Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth. Indiatoday - China overtakes US as world’s richest nation. Tribuneindia - China overtakes US as world’s richest country. Businessinsider india - China overtakes US as the richest country in the world. Thequint - China Overtakes US as the World's Richest Nation. Hindustantimes - China overtakes US to grab top spot in list of richest countries. Indiatimes - Global wealth surges as China overtakes US to grab top spot. NDTV - China Is Now World's Richest Nation, Ahead Of US. NewsX - China Overtakes US As World's Richest Nation. India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot. Timesofindia - Global wealth surges as China overtakes US to grab top spot. Newindianexpress - China overtakes US as richest country in the world. Oneindia - China overtakes US as the richest country in the world. News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे. Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश. Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश. TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति. Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश. List of countries by GDP (nominal) Medal Tally | Tokyo Olympics 2021. List of countries by FOREX reserves. Fortune Global 500 2021 | Full list of ranking. Spaceflights in 2021. Average IQ by Country 2022. *USA News* BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot. Yahoo Finance - Global wealth surges as China overtakes US to grab top spot. *Japanese News* Nikkei - China overtakes U.S. in national net worth to grab top spot. *UK News* Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth.
More than $ 18 Trillion USD?? according to China's Own Estimates,It is 126 Trillion Yuan or $ 17.7 Trillion USD from Jan 2023 to Dec 2023, So Where do you get this Data, World Bank Comically Estimated China's GDP at 17.7 Trillion USD in 2021,Where as China's Own Estimates show that it is only in 2023,It is 17.7 Trillion USD
SG, I advice you to watch Ms. Palki Sharma of First post when she I'm Wion she had two topics every day, one on Wuhan Virus and next Falling Chinese economy, I am sure you know it as most of the you pick up the story from and present it as though your.... When you say western media and give credit to them that's unfair as our own was breaking this story ever since 5 years.
3 to 4 percent growth is still a solid growth for a very large economy like China's. But that closes the argument whether China can overtake the US as the largest economy. It will not!
This is a lesson for Indian voters. Never vote an authoritarian govt. It only appears good in the short term. Sadly, India has no good alternative right now. Congress is a joke because of which INDIA alliance is broken. But I would still vote for opposition, because strong opposition means less authoritarian govt.
Authoritarian government are Authoritarian cause they don't need to face elections every few years. Stop inserting your agenda in everything that happens in world 😂
U need to talk about atrocities din by sheik shajakhan and mouli Mamta...been a former cong and left supporter...and chief of editors guild..talk about bengal sir....we dont need to know about your china...we all know ur a Stooge of Maos land
❤Shekhar explains a dry subject like economics in a very simple & next door neighbour language and cheekily also hints that a very much centrally controlled governments ( the way our Modi government is behaving nowadays) may lead the country to a sticky / slippery road.😊😊
Its just like stocks of large cap companies. Those companies are so big that they cant grow at pace. Same with China. Its economy is so big that its difficult to maintain and sustain the growth
Shekarji, the Print needs to cover the atrocities in Sandeshkhali. Your publication justifiably made a huge cry over atrocities in Manipur, it's time to extend that coverage to the poor people of Bengal.
They are all dalits but even Mandal is silent.
@@AmalTanbecause they are Hindu dalits 😢
UA-cam algorithm
Yes, one is getting the feeling something beyond reported news and hyperbolic statements has happened there... Maybe @ThePRINT doesn't have anyone near ground yet.
Have you noticed how all Leftist Media have imposed "Silent Ban" over any News from Bengal ? They just won't show it. Not just this time, but even Post-Poll Election Violence was never shown.
Its as if Crimes on Hindus don't happen, Only Crimes on Muslims are acknowledged.
Rahulji should guide them to revive their economy
Let him also throw in free water, free electricity, loan waivers, and statues for each in Beijing
Totally irrelevant. Send Nirmala there; she’ll do a great job.
@@beezlebub9yes, it will be best economy in the world then. Fastes growing.like India is.
and Yogendra yadav. and Kanjarwal and bhagwant maan.
Chutiye go and check the past before taking any advice of xhutiya pappu
What about Sandeshkhali ?
Let me make it clear, anyone who doesn't talk about strongly is as criminal as those criminals themselves.
I think they'll make it. But, to do good journalism they need time to send reporters on ground, gather sources and produce reliable reports first, for the editor in chief, sitting in delhi, to declutter the noise.
"Let me make it clear, anyone who doesn't talk about strongly is as criminal as those criminals themselves"
virtue signalling today, are we?
You don't have the right to order people on what is right and what isn't
your sister is back from Abdul's home. Ohh I don't have to comment what is right and what isn't.@@ameytiwari1247
@@ameytiwari1247 as consumers of news we have right to call out on missing journalism
@@ameytiwari1247 You must be a Pakistani/Afghan journalist or Biden administration/democrats bought & sold out media to talk like that!!
I was listelistening to Atif Mian, a macroeconomist, and he astutely pointed out that China had always built for overcapacity. Basically they had borrowed to produce way more than they can consume so they could export the overcapacity. Now they are stuck with debt used to build that excess capacity
BRI was one of the brilliant decisions to offload that “excess capacity”, However since developed nations + India did not join that initiative, it dealt a minor blow to the BRI
@@muralidhar40 True. BRI was a lifeline for Chinese companies who were over producing. They have run out of things to build even in poor and developing countries since they also cannot bear debt burden. India should invest in infrastructure and slowly focus low end manufacturing like Textiles, Electronics assembly, toys etc. Hopefully our exports can touch above $1 Trillion in manufactured goods minus any raw material and agricultural exports. This will catapult India to $10 Trillion economy in less than a decade.
This is not a secret, it can also be said that even ordinary people like you and me understand the truth, politicians have long known it. So the question has never been about finding a way to grow the economy, but how to take the first step and move forward steadily, which is something India will never be able to do
When the state and Govt interfered in the economic decisions ...
What do you meam by over producing? Can you give specific examples of this? I can't seem to see how they were over producing when their productions are mostly orders for foreign companies.
No coverage of Sandeshkhali.😥
Real godi media
If you think that he is Journalist and print as Journalism...you are looking at the mirage in the deep desert
He wouldn't...he was reporting on privileged and well-known wrestlers' unproven allegations coz they are from his state
But r*pe of unprivileged women from backward communities is termed as sexual exploitation and is not worth reporting for Shekhar and his minions
Actually they fear the real "tanashah" sitting in Bengal and his on ground reporters would rather shit their pants than do a report from there
paisa mil gaya :)
What dear?
Still no video on #SANDESHKHALI. Are you waiting for a Rajya Sabha like shameless Sagarika or because Hindu lives don’t matter when criminal is Muslims & belongs to anti-BJP front?
Well, it is because they are D4lits. Lutyens media doesn't like to talk about their suffering because it would anger the Bandaloks - their allies in Bengal. Lutyens media has a deep history of burying atrocities against Hindu refugees and D4lits in West Bengal since the early days of Jyoti Basu. Never forget Marichjhapi.
@@libshastra Atleast Dilip Mandal can do a show. No?
@@AmalTan Big test for Dilip Mandal. If he doesn't talk now, the world will know the fake and complicit he is.
If he doesn't talk now, he is as much a criminal as those criminals in Bengal.
@@AseemKumar9 the world won't know simply because you believe so. We need to let the world know that folks like Mandal and Yengde are nothing more than charlatans.
WTF BOSS
As a Haryanvi, SG should do a CTC on why Punjab farmers launch a protest on the eve of every national elections, but Haryana farmers don't.
PUNJAB FARMERS HAVE BECOME PAWNS OF KHALISTANIS AND CORRUPT KEJRIWAL AAP/ PANNU
Most of the demands are ridiculous, the MSP demand itself will cost 10lakh crores, then fhere is getting out of WTO and stopping free trade, pension for farners and farm labourers.
Chinese economy is in a transition state from reliance on low tech high labour industries like real estate furniture, household appliances, toys, textiles to robotics, NEVs, AI, chips etc. The reason for falling FDI is more local investments are replacing it. A good example is Electrical Cars exports have overtaken Japan. It is moving to a higher quality exports. Most people cannot tell the difference between profit and profitability.
Still, car exports are not going to save the Chinese economy
Reads like neither can you
When will be CTC on West Bengal institutionalised rape case Gupta jee ? Shame on you and your Print
video on #SANDESHKHALI. what happening there?
Well-done. Packed with info. A genuine cut the clutter.
1. The idea that an economy should continue to grow for ever and at higher rates is fundamentally wrong. Japan has shrinking population and its economy is almost stagnant. But Japan is not growing poor. Similarly, Chinese population is now stagnant, if not shrinking. So if its economy is not growing too high, it is fine. 2. Having said this, there would always be many structural issues in the economy, which need to be resolved from time to time. Further, there is no need for China to become No 1 economy in the world so soon or otherwise; as long as it is doing well on quality of life parameters for its population, it is fine. Further, China is way ahead of the 3rd largest economy in the world in any case! And whatever be the condition of Chinese economy, it is not a weak country as far as its economy or its military power goes. It can make USA shiver anytime, even if whispers Taiwan!! 3. So let the Chinese resolve their issues. If foreign capital is coming out of China, it means they are selling their investments at a loss and are moving out. Who is suffering loss? Not the Chinese but the Western investors! So bother about the West rather than China!!!!
Right.. correct different perspective...
Too simplified. there is an added complexity of being a communist country Chinese economic numbers were always fudged
A good logic but let's look it the other way, if in a huge Mall doing a roaring business, when shops start closing down or moving out, the apparent primary loss can be said to be of the shopkeepers, but it will ultimately lead to the loss of the Mall which will go defunct.
@@satishsharma9307 You are right. How to handle this situation is a matter of structural adjustments to the economy. My point is that just because Chinese economy has slowed down, it is going to be trouble is not exactly so!! The metric of economic growth as the sole criteria for judging a nation needs to be modified.
Japan went from richer than USA in 95 to poorer than them in 23.so yes Japan is growing poorer if you take inflation in account. They went from super rich to just normal rich.
2. If west is selling their assets for loss in China that mean they don't see any growth in future from them and that will have effect on many industry which are connected to them.
We will see what we are seeing in turkey nowdays. China will remain a millitary power but not economic power.
When you look at the issue of intellectual property theft and fakes, the Chinese are WORLD CLASS!!
Exactly, they are good at making only those things themselves which a western company already makes in china as well. The western companies bring supply chain improvements and then the Chinese companies work with same supply chain to use those in their products. Without external ideas, they are lost in manufacturing, can only copy stuff.
Where is the video on UK violence by the peaceful community.
United Kingdom??
@@तरबुज_खाने_वाला_राक्षस😝 it’s Uttarakhand dear 😜
Both UKs - Uttarakhand and United Kingdom
Woh nahin aayega
@@psingh007 koi bat nahi. Iski hi credibility jayegi usse.
When it is about China, India seems to follow the footsteps of the US. The US has been parroting such narratives for decades. Yet, China slowly and steadily becomes richer, prosperous and stronger. Even being an Indian we must learn how China has become so prosperous. Stop following the footstpes of the US. Shekharji!!🙏
fcuk #ccp :)
Not parroting US...China has really slowed with other challenges...while US came strong in 2023 and counting....US extended its lead on GDP.....many future prediction if China crossing zuS in 2028 is Not possible ..it may considerable slow for population slowing....coupled with Xi jing ping handling . ....yes China gas come long way and built a prosperous nation ...but last few years has been challenging
This reporter is a Us sheep. He’ll follow the hasbara given to him.
Chinese are enjoying new year holidays with family. And u r talking here about their problems. How kind of you Mr Gupta 👍
China always tries to bully India. Why should he be kind to them?
It is not Print only. Even internationally, it is being discussed. You sound like a left politician.
@@quantum4907
Time has come for western to be called western. There is no international left in west any more.
The Chinese have saved a lot of money so of course many will celebrate and enjoy it. It's an 18 trillion dollar economy with 12000 USD per capita income . The article is about their growth trajectory here onwards. Where is the contradiction here.
@@contactpjoshi123GDP≠ salary income. The government has clearly made sure people earn less than they could under a free market.
Sorry, but you have the wrong take on China. There's no credible source that says their debt to gdp ratio is 300%. If it is an apples to apples comparison, then this is true for many other countries. Ask any international banker if the Chinese economy is a problem, and they will say this is not the case. The IMF report a much lower %.
They are investing in all the right things for the future - Public transportation infrastructure, electric vehicles, solar cells, machine learning, etc.
It may look like Mexico is the largest trading partner with the US, and that there is increase in US trade with countries like Vietnam and Indonesia. But if you look more carefully, all these countries have commensurate increase in trade deficit with China, and the Chinese have set up factories in Mexico, Vietnam and Indonesia so that it looks like the products are emerging from these countries. In reality, this has merely increased the cost of goods traded, and is partially the reason for inflation in the US.
Look deeper as to what the real issue is, please.
Good you must doubling down on your China investment then?
He looked deeper than you, he refused to acknowledge and talk about facts to his audience, thats all. In fact, his audience are not stupid either, they do the same thing.
😂😂😂😂😂😢😊😂😂
Experts like the one in the video have more important things to do than dig deeper.
Put your money in the Chinese stock market then, if you are so much in love with china. Check their stock performance and then check others and indias
Another China expert. Never went to China, can't reads mandarin, never interviewed any chinese economists or policy makers. But now somehow become an expert. Good job Mr.Expert!
Jealous of China growth it seems. 😂😂
@@rollinglama SG has mostly ever covered and viewed China and some of its policies positively since a long time. But now when there's a point to be called out - he called it out. Coming to jealousy - Indians mostly have been very respectful of China's growth and development and have taken it as a learning. As in any lessons or learning - its also about learning to do the same mistakes. This episode is about the latter.
Looks like an Indian Marxist (more loyal than the king) or a wumao troll.
@nehaojha9094
The problem with indians is they all get there sources from the west, so theyre basically regurgitating
He’s more qualified than someone who lives inside China’s information vacuum. Someone with limited data is better than someone with false data.
One thing I would like to point out Gordon Chang and many other well known economists, Wall Street Journal etc had been predicting for the last 2-3 decades that China's economy would collapse. God knows when those fortune tellers predictions are going to be true. There's no harm in day dreaming.
India is too busy doing propaganda against China, instead of working on it's own economy. I have not seen a country more negative than India. Outside of India no one talks like this about China. It only shows how jealous is India about China's development . Some people say that India is only making it's master USA happy. So unfortunate
SG has mostly ever covered and viewed China and some of its policies positively since a long time. But now when there's a point to be called out - he called it out. Coming to jealousy - Indians mostly have been very respectful of China's growth and development and have taken it as a learning. As in any lessons or learning - its also about learning not to repeat the same mistakes. This episode is about the latter.
Also news about China is pretty much mainstream news all around the world.
Pakistani. China ka mohtaaj.
Mr Xi is doing good. Too much bad debt in real estate in China and he is clearing up. Modi did a brilliant job clearing the bad debt in the Indian banking system. Most of the Chinese debt is internal debt and can be wiped out by the govt without affecting his AAA credit score to borrow more from the international donors. USA debt to GDP will cross 200% by the end of the year. Most of these money belongs to international govt as we buy their debt so that they can print more USD. USA will wipe it out but it will still not affect USD as we are fool and we will continue to buy American debt as all our economy depends on USD. Japan’s debt to GDP is over 300% and is mixed.
Thank you for your wise take. It looks as if the speaker deliberately tries to create a certain conclusion about Chinas economic future. I do agree that while there would be some short term pain associated with the reforms which the Chinese government is doing right now, in the long term it is doing the right thing. Chinese people (or any country for that matter) do not care about a particular ranking, rather to improve their standard of living. Even at 4-5% growth and a declining population, the per capita growth could be around 6%, which is very good. The no.1 ranking has more geopolitical and military ramifications rather than a purely economic one. Greetings from India 🇮🇳 🙏
People pretending to understand economics and all wide ranging impacts. The amount of armchair experts is astounding
Ha ha ha! Cracked open a beer after listening to this! Where are the WUFF WUFF WARRIOIRS now , soiling themselves? Well done Uncle Xi! May you stay in power for the next 10 years!!
Early morning Beer. Cheers!
Don't hold your breath! This is typical of you Indians. Can't make your country great, wish Ill for your neighbour. If you're happy listening to unfounded China bashing, go listen to Gordon Chang😅. He's been predicting the fall of China for decades.
Well, China's Growth has considerably slowing down,But US not only Destroyed the Impressions of expected Recession, It's Growth is Rising and is now at 3% on a Quarter basis, Europeans are struggling due to their own mistakes,From Socialist policies and Social Security Raking up Massive Debts,To stopping Cheap Energy Imports, Allowing Illegal Immigrants etc
who would have thought that when u can print money on demand without significant consequences and then export the inflation to the rest of the world, u would crush any competing nation economically and also criticise your allies for their poor policies. 👍
Did you ask why the US growth is so high? did you inspect what actually contribute to the rise in economic data in the US? Why is the feds worried? the data looks good right? Why are there so many homeless? why is the US citizens complaining about jobs and prices? their unemployment number is at record high right?
the good old debt fueled growth. Biden is outspending all US presidency to prop up this "impression" while the world is doing more and more dedollarization. Recession is coming this year
For the viewers here who wants to seek truth from "facts" presented in this video. First I would like to say, no respectable analyst would say that an economic problem in China is created by arrogance and authoritarianism. This is just bias and ideological. China has made mistakes like any other economy but not through arrogance or authoritarianism. Lets analyze a few points:
1) Babies: Birth rate is a huge problem in China stemming mainly from the adoption of capitalist corporate system and life style that does not reward childbearing and a culture of western individualism that values the pursuit of happiness above all else in life. However, to say that the current economic challenge is coming from low birth rate is flat out lying or trying to be misleading. This is a problem that will bite China 20 years down the road but definitely not now.
2) Real estate: 20 million house sounds alot but can anyone guess how much apartment there are in China? There are over 600 million buildings in China and not all are apartment of course, but this tells you about the scale of China's construction. 20 million is a drop in a bucket and it does not effect the economy in any scale. Secondly, the host make it seems like Chinese banks are collapsing due to real estate dev default. Nothing can be further from the truth. If this is the case, there will be lines of people trying to cash out from the bank. There are currently many Indians living in China, contact them and ask them if the Chinese are lining up outside their bank to cash out. The only organization that collapsed from this is a shadow banking company that primarily caters to high end investors which does not in anyway effect the economy nor the stability of the country. The biggest loser from real estate default is not the Chinese bank, they get to restructure debts and since they are owned by the state, the state has plenty of ammunition to shore up cash. The biggest loser is in fact the foreign investors that get almost nothing from the collapse of companies like evergrande. Many of these companies are some of the largest financial institution on the planet and they are not happy. This is why many are staying out of further investment in China. However, China no longer relies on FDI to grow. It is infact the least important component for economic growth. Domestic consumption and high tech manufacturing is positioned to be the most important.
3) Debt: It is true that China is heavily indebted. But to who? Who is lending and who is borrowing. The majority of debt is coming from the real estate developers which is deflating and resolving shortly and the other are coming from local gov financing vehicle company. This is the problem. The vast majority of Chinese don't pay property tax, so the local gov relies on selling land to raise funds to built infrastructures and spend on other things. Rich local gov like Shanghai and zhejiang has no problem, because they can rely on other income such as corporate tax, but less economically well off place are finding huge difficulties in raising funds to service debts. SO who do they borrow from? The state owned banks, not even the citizen. What does this mean? It is much easier to restructure the debt when it is the gov borrowing from itself. This practice of selling land and heavy borrowing to raise cash is a leftover from the last decade of crazy borrowing and is no longer the case now. SO once this debt is restructured, the problem will be solved. Debt owed to private banks and individuals are much harder to restructure.
4) Deflation: everyones favorite topic for China collapsing theory. While Consumer has tightened up their wallet due to factors such as worsening economic outlook world wide and domestically, it is not the biggest contributors to the deflation last quarter. Take a look at the data and you will find that the drop in pork price and transportation is the main cause. Pork is a staple food and main protein source in China and it is weighted heavily in China's CPI calculation. Price of cars and other transport cost is dropping as well thanks to price wars and cheaper fuel price. This is a welcome sign for most consumers. The other key components stayed relatively stable and slightly increase throughout the year.
5) Geopolitics: What does this have to do with current Chinese economic challenge? Not much really. It is mainly confined in the tech sector and some factories establishing factories overseas to get around sanction. This has nothing to do with neighboring conflicts and has more to do with China vs US rivalry where China is on the defense and the US is always on the offense with sanctions and tariff. Blaming all the tension between some of china's neighbor on China is extremely dishonest at best. this is a complex situation that i wont cover here.
6) China global GDP percentage: This is another dishonest way of judging China's economy. This shrinking of global GDP percentage is primarily caused by the exchange rate with USD. When the US is posting fake economic growth on due to huge gov spending + booming US stocks + high interest rate, most country is going to lose currency exchange rate with the US. Just look at Japanese Yen and Euro for example. If you want to compare GDP to measure economic strength then take a look at the GDP PPP to get a more accurate measure of relative strength.
Final word: Look beyond rhetorics and ideologue to seek the truth. When a host or a commentator start mixing ideology such as democracy vs authoritarian or putting human personality such as arrogance or jealous on a country, it should raise a red flag for a biased driven narrative. A bias driven narrative will seek information to support their bias only and ignores the information that goes against the bias. I welcome intelligent discussion and not ideology or hate fights.
You are very naughty to wake somebody up in the middle of his wet dream.
How much money you get paid? Whatever you say, communism never ever works, eventually it will fail
This is the best summary of the decline of Chinese economy I have seen so far. Thanks a lot .
Declining?? Are Indians blind?
pretty low level of economic education.
Some articles without praising Modani ji. Thanks
The innocence with which people below ask Shri Gupta to cover Sandeshkhali brings tears to my eyes. ThePrint has done a perfunctory '50-word edit' and dusted its hands off. Sufficient for future deniability of biased reporting. Don't expect too much more.
Some lessons for Tamil Nadu from the Chinese GDP growth. Three Trillion economy fueled by debts and handouts is a disaster. Hope our people find wisdom.
Comparison of Labor Productivity levels (USD per person employed per hour):
Singapore 59.76 USD/Hour
Hongkong 44.68 $
Japan 36.22 $
Korea 28.70 $
Indonesia 10.21 $
India 6.46 $
What is relevance to article/video?
Is purpose simply to make a group look down?
Second, this data and calculations is tricky when you take counteries with large population spread across unorganized sector and have manual labour.
Third
In case of india even indian economist are unsure of actual wealth generation vs declared wealth.
4th, there is a huge disparity between urban cs rural poorly educated worker. It is easy to club all people together by nation without actually having in depth understanding of a country
comparing India to China or USA would be better than much smaller countries listed here
@@anmolsingh9025
The point is India needs a high skilled labour force to compete globally..
@@AravindBappanadu
China is 10.64 $/hour
USA is 59.77 $/hour
Comparing countries which have gone through complete growth cycles with India whose growth cycle is not even half way through in terms of productivity only goes to show how stupid or politically biased the person making these comparisons is. He also added a few tiny island countries just incase anyone has a doubt that the person about the person's stupidity.
Indians don't need to worry about china they are doing a wonderful job.
I have been a paid subscriber to this channel for several years. I recently convinced my wife to become a paid subscriber as well. Nobody cuts the clutter from the noisy news cycle like Mr.Gupta. Truly a gem of a channel -- just look at this particular episode and how much ground it covers and how clearly everything is explained. Please support this channel as much as you can.
True
But people like shnesh welcome anti Hindu and anti Indian racist Islam fundamentals like wajahid sayeed khan
I have cancelled my subscription as I am against these low intellect journalists
You should cancel your subscription till this fool is fired from the print
Thank you for such kind words, my friend, and the wonderful endorsement... your support really means a lot. Do keep watching and writing in...best wishes, Shekhar
The US is also in a bubble. They have printed money and there will be payback especially if they lose dollar supremacy
You don't learn. This is what they have been saying for years. I guess the US is good at managing a bubble economy. Leave UA-cam, spend time on a book, and stop hating.
They have the military to back up their dollar supremacy with. So yeah they can do whatever they want for printing how so ever much.
Once again an excellent episode.Hope to have more like this!
According to maNy economists and China experts, China had collapsed 30 years ago. But what has happened? IMHO, PPP term of calculating GDP in which China alteady the world largest in 2014 till today is more accurate. Why bcoz US can play interest and printing money to boost its economy at the expense of the world. Anyway, shares and financial services accountable a largest portion if US's GDP and not hard tangible assets or products outputs. So whats your take?
As regard to US housing bubble in 2008, did US collapsed. Instead u r commenting that US is growing by more borrowing and in a era of dedollarisation trend.
It's true that many had moved out from China, so do many that r from Chinese own companies. Eg BYD is building big factories in Brazil, Hungry, Thailand, Japan, Mexico and even India too, right. Huge steel mills are moved to Asean nations too.
In general, which major countries in thr world had achieved a better growth with no problems and also in scale.
As for India, it is still 5-6x smaller than China even China has zero growth this year. In reality, China is forecasting 5% growth for a GDP 6x times larger if that makes any sense.
Again about the accuracy or its govt's credibility or capabilty of China's growth figures since the past and now, today China if you visited there lately speak much louder than any experts or economists had predicted or expected.
Heard from CNBC today, The Next China will not be India or Vietnam, It is still China!
I see a huge growth in poverty in india in coming decade. In fact much worse than most countries in our region with the only exception of pakistan probably.
Source
Poverty in India has always been there, will it increase or decrease is the real question here. India’s growth is going up but who is actually benefitting? Not the middle or lower class, the top 1% will benefit the most. Modi favours the rich, the only time you’ll get money is when Modi wants to buy your vote, but he’ll take it back of you through taxes, find out how much taxes the rich pays in your country and then you’ll wake up…
@@kevinclasher3160 The growth that you mentioned is more than accounted by some increase in working age population. Not all of working age population are working though or even those that are I don't think are working at wages commensurate with future security. Pension will be a huge issue and burden for future governments like most developed countries have.
@@nicksonpinto2074 the working age issue is not right now, that is something they need to workout for the future. The thing is China has never said they wanted to be a superpower, they want a multi-poplar world. Where the West been suppressing the third world like Africa, China helped them to where they are today and this is not all China, India has a part to play in this. BRICS is the on,y thing that threatens the G7 that’s controlled by the US.
Modi’s ambition is to become the world superpower, to him China is a threat to his ambition, for one China prevented India to join the UN Security Council and China has always been seen more successful than India so Modi will do his utmost to ruin China’s growth to surpass them.
You see, Modi can be the one who topples the West’s hegemony over the world by properly siding with the global South. At the moment Modi is flip flopping around between the West and global south, can’t seem to decide which side he’s on…. He wants to be like the West but at the same times wants the global south to give him respect. You know there is no way to be friends with Russia and the West at the same time, sooner or later as like now, India is going to get sanctioned by the EU.
The US is only using Modi to fight China, end game here is for the collapse of Asia. If the US get there way and Modi falls for it then caching and India will fall, the US makes money from selling weapons to all the countries fighting China and doesn’t need to use their own troops to do it. Let’s say China falls and India takes over China, you think the US will allow India to grow to challenge the US?
Being honest, if China fails so will India and the global south. The US already has major military bases surrounding China when China falls, there a,ready in place ready to finish of India, after that there will be no country close enough to challenge the US’s hegemony…
Really? Multidimensional poverty has reached single digits for the first time and this is your prediction? Don't play the lottery.
200+ % debt is TOTAL debt comprising govt, household and corporate. Govt debt is less than India's at about 70% of GDP
you guys don't have an HD camera?
it takes time for youtube to process HD codec
What are you talking about? I saw this video in 4K . 😑
okay, my bad @@AshikJonathan
Chinese fundamentals are very strong. Their Universities and human resource are among the top. They dont want their country like growth showing cycle of capitalism, like usa and japan. World no-1 economy America cannot provide its 34 crore people a good and peaceful life.
Hahahahah india can never be like china ....why do u always compare ur self with china ... compared ur self with south Africa and Philippines 😅😅😅
Chinese noodle
This guy was praising Chinese economy for years.Now west is saying he agrees.
Adding to SG, growth targets in journalism are also like - how much advertising you could bring to the organisation to stay employed!
A good video not only on Chinese economic woes but also on many economic lessons.
Yes debt is going to create economic problems. However, because most of the debt is in Chinese currency, Beijing can “cheapen” the debt by simply printing money to pay it off. Of course that will cause inflation but the danger of debt is over sold.
No the real problem is under consumption. China has depressed consumption to reallocate it for growth by investing what isn’t consumed (aka savings) in increasing the productive capacity of the economy. The problem is they have overdone it and a lot of the investment has gone into things that does nothing to grow the economy. Creating housing that no one lives in may add to the GDP, but doesn’t do much to create useful productive capacity.
The real threat is the shift in the mood of the Chinese consumer toward pessimism and the decline in young people which all contribute toward falling consumption that can result in deflation. It is deflation that pose a mortal danger to the health of the economy. Beijing will have no choice but to cheapen the currency and trigger inflation as the way to solve the debt problem and counteract deflation. Once deflation takes hold, it can become a death spiral as waves of consumption reduction is followed by waves of companies going under, causing waves of unemployment, which cause more loss of consumption, etc.
The last time this happened, it was called the Great Depression.
I will continue to rely on The print for pure information. Thanks thoroughly analyzed and well explained
Dont divert / focus on the Indian economy mess / press freedom / malnutrition / GDP / Price rise / unemployment / agravian crisis.... Shekhar Gupta China has / will takr care of itself / report on the farmers rightful protest amd question the border like barricades...
@SG, 10:15 mathematics lesson, debt multiply by 6 is not same as debt to power 6. These two are different, one is multiplication and other one is exponential.Between, very good analysis and summary of where China is heading at.
Everything that we use day to day in India and the world over still comes from China.
Did you even see this video ?
A new furniture costs me around 70€ and was made in China but most things that are expensive are not exported from China
Not saying that China doesn't manufacture anything of value but don't confuse quantity with value
Mostly copied stuff made with poorer quality and materials. Companies like apple put a lot of due diligence in quality control because they need to
@@vikashchandra9917
Before coming to India, where were IPhones produced ? China
@@varoonnone7159 and where did iPhone idea came from? From USA. Read my sentence again, and get some reading comprehension classes.
Fantastic presentation. The way you have explained the downfall of the chinese economy& the reasons behind it in a simple language is what we expect from cut the clutter.
Shekharji - There are exactly half a million unsold inventory in India. 16:00
Great presentation!
You said Chinese debt is 300% of GDP, which means around $55 trillion, much bigger than the US debt ($34 trillion)...
But have you ever thought China didn't spend as much as the US did ??? The US had several wars like Korea War, Vietnam War, Gulf War, Afghanistan War, which all took huge money...... In addition the US had Apollo program and had to maintain about 800 military bases around the world..... which are very expensive.
But China didn't have all of those (wars, Apollo program, and military bases) ..... Do you know where did China spend that $55 trillion?
@@ddb0831 No. You tell me !! Don't spread HOAX. You accused China, then you should give a proof.
China’s struggles have given India much needed breathing space to improve its situation and bridge the gap with China.
No, in fact the gap is getting wider. China is reforming its economy against western economic norms. It will come out alot stronger in a couple of years if the reform is successful. You can see many tech breakthroughs in recent years and the economy now is less reliant on real estate and investment. It will focus on internal circulation, self reliance and high tech manufacturing. Just a take a look at the EV industry. China is not abandoning its manufacturing and become a financialized economy like the US and EU. It still contributes about 35% of the world's production and still rising. Don't follow western economic logic, China is on its own economic path.
Many more defaults are on the way. Other countries are trying to come up. Enough of China and Chinese high handedness.
So many Communist sympathizers. Communists are always in their bubble before bursting out. 😂
@@turtlesoup8134no it will not, in the end communism and centralized planning don’t work. It may look in the short term that it is but eventually it will not
@@vikashchandra9917 speak with data and facts. I am not interested in your opinion.
In 2022, Chinese Debt to % of GDP was 7.8 %, while that of India was 9.6% of GDP. So, who has done better, India or China?
😂😂😂😂. I was wondering when u would show up nd say something stupid
Chinese robo spotted
You telling me 9.6℅ of 4 trillion is a larger amount than 7.8℅ of 16 trillion, do your math son, or go play in the dirt, fool.
16:30 the builders in most cases have used the fund for purchasing further lands instead of completing the ones they got deposit for. They thaught they could complete them with borrowings from banks but banks stopped giving them loans.
One thing we must remember that no other country in the entire human history has displayed such discipline, creativity and speed in resolving their issues. In popular democracies, parties have changed but policies have remained stagnant. In China, party hasn't changed but diverse policies have been explored. Media's interpretation of China is largely skewed and half-baked.
No, your view is skewed. The truth is here.
This guy is saying a lot of truth l am the United states, l understand what he is saying l have been to China before, their economy was too Export oriented and overreliance of Foreign investment. Many foreigners invested in the Chinese Real estate sector through offshore banks and the Developer companies have declared bankruptcy. Many Chinese people who bought mortgages are seeing the Building projects not completed and refusing to continue to pay. The change to more advanced technology is good but what happens to the lower class who abandoned farms and moves to the cities they are mostly the ones affected and some of the middle class.
If China's economy is fading, then I'm a moron.
Chinas economy may be facing problem, but fading?
India only is contributing sufficiently to china by the mobile phones that Indians are buying of Chinese origin, despite we being patriotic after every skirmish with china, but when money is to be spent, then its Chinese mobiles.
If Chinese economy is fading , then given the unemployment figures in India, I'm sure he would say Indian economy is flying.
I'm fedip with godi and UA-cam journalist making sensational and dooms day headlines.
Where do we get news, whoch doesn't affect our brain?
China as of today is the factory of the world.
Please give figures of chinas per capita income, GNP, etc.
Let's see how good your headlines is.
I'll not add much, as no use saying anything about UA-cam channels too
Their biggest problem is deflation, imagine u already have tons of debt in ur local currency and ur domestic inflation is around 0%.
Please consider dubbing in Hindi CUT THE CLUTTER episode for the larger audience.
I find it unbelievable that the Chinese economy has grown by 5% or 4% during the last two or three years. This would be regarded as a healthy growth rate.
SG, is "#SANDESHKHALI " not worth being cluttered? Are you also seeking a RS seat from I.N.D.I.A.
He wouldn't...he was reporting on privileged and well-known wrestlers' unproven allegations coz they are from his state
But r*pe of unprivileged women from backward communities is termed as sexual exploitation and is not worth reporting for Shekhar and his minions
Actually they fear the real "tanashah" sitting in Bengal and his on ground reporters would rather shit their pants than do a report from there
China 's per capita GDP is almost 6 times that of India with almost equal if not less population. Hoping that China will one day become equal to India is wishful thinking.
Of the total 7.6 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 868.9 billion U.S. dollars in U.S. securities.2 Jan 2024
Sir I think you are representing only one side of the story. Kindly account the above fact & elaborate
It’s useless holdings. Using it will trigger deflation.
Fantastic episode SG ! Appreciate the effort to simplify the story of the state of Chinese economy now and the reasons behind. Well rounded episode..
Down turn in Chinese economy has hit Gandhi family hard too. All the money from CPC to Congress has stopped 😂
What abou imf warning to india??
MAKE A VIDEO ON SANDESHKHALI OF WEST BENGAL. WHAT IS THE USE MAKING VIDEO ON CHAINESE ECONOMY, people sitting in the government already know it, and they are the masters on this subject. SO MAKE VIDEO FOR COMMON PEOPLE AS YOU DONE EARLIER BY MAKING ON MANIPUR.
This will have ripple effects on all economies, especially in Africa or even Pakistan, that have become reliant on Chinese investment
Brilliant summary!
Why nothing was said about the huge Chinese foreign exchange and gold reserves? Surely with those reserves, they will pump in money to revive their economy.
Without young people no use
Many young people in China bro.
Indian need to invest in public not like China only invest in infrastructure projects
China demolished the monopoly of Jack Ma. All Western capitalist countries have anti-monopoly laws. It is about time India also has a similar act.
What happened with Jack Ma has nothing to do with his company having a monopoly. It was to do with the fact that he, along with few other Shanghai elites, had started challenging Xi. Xi put him in his place.
Chinese propogandist or robo spotted
Abduction is surely antimonopoly law in motion😂😂
No Jack Ma was running a bank without a licence.
@@blokin5039: A government can always find excuses to prosecute anyone. It does not matter if it is China, India or America.
The property does not produce wealth like investment in factory or service company. This is very important.
Sekharrji we have to punish financially those states who are not reducing their tfr like south india bengal and all coastal states.
Issue that shall not be mentioned #sandeshkhali.
Can we have a video on America's overperformance next please
Sir need a video on farmers ridiculous demands and strategy of holding delhi to ransom.
Beta bengal mai jo kush ho raha hai uske bara mai bhi pooch leta
One of the best on China, Great
It’s wrong to call slow growth as declining
Great video and timely.
Thank you, Mark, for watching and writing in. Thank you also for supporting our journalism...best wishes, Shekhar
As a proud Indian🇮🇳. My love, respect and congratulations to the Maldives ♥ for their wise decision in choosing the superior trading partner China instead of India. It will benefit the Maldivian people greatly. Here is why:
- China is 60 times richer than India. (I know it's unfair that the British looted 45 trillion from India, but it is what it is)
- China's economy is 6 times larger than India's.
- China's yearly growth is 5 times greater than India's.
- China has better living conditions and healthcare; on average, they live a whole decade more than their Indian counterpart.
- China launches 20-50 times more rockets than India into space every year.
- China is a lot more intelligent, with an IQ of 104 compared to India's 76.
- China is more athletic and stronger than India, winning 713 more medals than India in the Olympic games.
- China won 38 times more gold medals than India the last Olympic games 2021.
- China's reserves is 7 times larger than India's reserves.
- India is forced to use the Chinese currency when purchasing oil from Russia, Iran, or Venezuela. Due to weak & undesirable Indian Rupees.
- China has 21 times more companies in the Fortune 500 than India.
*Rovers on Mars* China: Yes India: No.
*Brought back Lunar Samples* China: Yes India: No.
*Humans in space* China: Yes India: No.
*Space station orbiting above us right this moment* China: Yes India: No.
*World coverage constellation satellites * China's BeiDou: Yes India's Navic: No,
*Indian News*
FirstPost: China overtakes US to become world's richest nation.
Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth.
Indiatoday - China overtakes US as world’s richest nation.
Tribuneindia - China overtakes US as world’s richest country.
Businessinsider india - China overtakes US as the richest country in the world.
Thequint - China Overtakes US as the World's Richest Nation.
Hindustantimes - China overtakes US to grab top spot in list of richest countries.
Indiatimes - Global wealth surges as China overtakes US to grab top spot.
NDTV - China Is Now World's Richest Nation, Ahead Of US.
NewsX - China Overtakes US As World's Richest Nation.
India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot.
Timesofindia - Global wealth surges as China overtakes US to grab top spot.
Newindianexpress - China overtakes US as richest country in the world.
Oneindia - China overtakes US as the richest country in the world.
News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे.
Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश.
Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश.
TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति.
Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश.
List of countries by GDP (nominal)
Medal Tally | Tokyo Olympics 2021.
List of countries by FOREX reserves.
Fortune Global 500 2021 | Full list of ranking.
Spaceflights in 2021.
Average IQ by Country 2022.
*USA News*
BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot.
Yahoo Finance - Global wealth surges as China overtakes US to grab top spot.
*Japanese News*
Nikkei - China overtakes U.S. in national net worth to grab top spot.
*UK News*
Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth.
Ha ha.... Chinese trolls are now pretending to be Indian Girls...!!! Look how far Indian girls have come 🤣🤣
Chinese agenda
Stink of a CCP shill.
Wumao troll.
More than $ 18 Trillion USD?? according to China's Own Estimates,It is 126 Trillion Yuan or $ 17.7 Trillion USD from Jan 2023 to Dec 2023, So Where do you get this Data, World Bank Comically Estimated China's GDP at 17.7 Trillion USD in 2021,Where as China's Own Estimates show that it is only in 2023,It is 17.7 Trillion USD
SANDESHKHALI
This Topic is Banned by all Leftist Media.
Becaue it is not convinient for their Narrative that Muslims are persecuted in India.
SG, I advice you to watch Ms. Palki Sharma of First post when she I'm Wion she had two topics every day, one on Wuhan Virus and next Falling Chinese economy, I am sure you know it as most of the you pick up the story from and present it as though your.... When you say western media and give credit to them that's unfair as our own was breaking this story ever since 5 years.
Great analysis
Why are you not calling Mr Basant Maheshwari on OTC?
3 to 4 percent growth is still a solid growth for a very large economy like China's. But that closes the argument whether China can overtake the US as the largest economy. It will not!
Very educative!!!!🙏
What is India's Consumption Ratio?
like for world it's 1 dollar against 3, what's it for India?
This is a lesson for Indian voters. Never vote an authoritarian govt. It only appears good in the short term. Sadly, India has no good alternative right now. Congress is a joke because of which INDIA alliance is broken. But I would still vote for opposition, because strong opposition means less authoritarian govt.
You are just a clo*wn
Authoritarian government are Authoritarian cause they don't need to face elections every few years. Stop inserting your agenda in everything that happens in world 😂
BJP is not authoritarian, they are perfect. Congress and INDI Alliance is completely corrupt. Long live BJP
@@geosongaming2850 the perfect party which got caught stealing votes in Chandigarh Mayor election ? that sort of perfect ?
U need to talk about atrocities din by sheik shajakhan and mouli Mamta...been a former cong and left supporter...and chief of editors guild..talk about bengal sir....we dont need to know about your china...we all know ur a Stooge of Maos land
Need a video on the latest Farm Protests 2.0
Sir... Thank you for analysis
❤Shekhar explains a dry subject like economics in a very simple & next door neighbour language and cheekily also hints that a very much centrally controlled governments ( the way our Modi government is behaving nowadays) may lead the country to a sticky / slippery road.😊😊
You don't speak on indian security like tista river issue of west bengal why not
Well researched
Let them learn! The US were devastated with so many economic downturns and everytime they came out of it, they became wiser and stronger.
Hello Sir.... Pls cover Sandeshkhali.... We deserve to be heard to entire India....
Its just like stocks of large cap companies. Those companies are so big that they cant grow at pace.
Same with China. Its economy is so big that its difficult to maintain and sustain the growth
Authoritarianism also prevents immigration which could have balanced the lack of enough babies.