Yes... but guess who's the next India judging by the crumbling infrastructure, rising inequality and growing designated street culture in many of its cities?
Hunger and poverty eventually results in unrest and insurrection. If you are dying from starvation, you will do anything to survive. China has learned this lesson many times over thousands of years. To stop this from happening, you keep people fed and happy. That is what they are trying to do.
** It never occurred to me that China could move its manufacturing inland where labor is cheap. This is better than moving to Vietnam, Mexico, and India. China can still make use of its great supply chains because of its great logistics (rail, road). And the inlanders will be economically elevated, thus narrowing the inequality between urban and rural areas. It's so bloody obvious and brilliant.
@@slavko321Industrial upgrading, diversification, specialization and customization of manufacturing in urban areas in favor of industry 4.0 and intensive research-based products.
It's the nature of manufacturing industry - always goes to the next undeveloped area to bring up the living standards of the locals. Financial industry is the opposite, likes to centralize and constantly drain resources from the rest of the areas, causing increasing inequality. That's why deindustrialization is shortsighted, and generally causes countries to fail.
You really have to admire XiPing for carrying out the plan;"born a long time ago" , to raise ALL of China from poverty(going to take some time). This is what the 1% of America is afraid of, they want to be the only rich ones. (Just my very basic opinion)
Stop accrediting Xi Jinping for things that he is not worthy of The success of the poverty alleviation program was the result of accumulation of effort of millions and millions of dedicated Chinese public servants
Strategy for Large-scale Development of Western China can be traced back to 1999, and further back to the third-line construction in the 1960s and 1970s. The current industrial transfer is just one of the results of long-term fiscal transfers and support for the public sector (education, healthcare, infrastructure) in the Western China
When one gets too rich and gain too much of (uncontrollable) power/influence, the chinese government will temper him/her down to protect the less rich and common people/smaller companies . Like they did for example with jack ma/alibaba . Western msm twist that into dictator, no freedom, etc,etc.....
When a country has a good infrastructure as China does, population size of China, industrial capability of China, and hard working traditions of China, there is no reason to move the supply chain anywhere.
a country run by engineers minded government constantly focusing on solving problems, while a country run by lawyer minded government is constantly looking for and creating (if cant find any) troubles
@@coolspace2786 Your comment remind me of my social studies & history teacher more than 55+ yrs ago . The president of my old country, himself a lawyer , in total frustration , was remembered to said this , "- I will do the country a favor , by shutting down all the law school for at least 30~50 yrs.-" He failed , Because lawyers stopped him from doing so . - I also heard of the fable of a snake with 7 head , Chop out 3 , cut out 3 , there's 1 left and more snake eggs in her belly .
Although increasing and sharing its wealth equally is its ultimate goal, China cannot just turn inward. Doing so would isolate itself. China needs to boost the growth of its foreign partners as well, because strengthening them is the only way to accelerate the multipolar world that enables weakening our US currency hegemony, which in turns finances its military industrial complex.
@@coolspace2786 That was my reaction back then when Ronald Reagan won the White House. Why was a second string actor installed as the commander in chief? Now we can see the consequences of the so-called trickle-down Reaganomics and trade union busting.
I anticipate huge growth in in Xinjiang, China's geostrategic gateway to the Central Asia, West Asia, the Med, and Eastern Europe. It's no accident that the West pushes so hard against Xinjiang to try and delay the inevitable.
Mind boggling how such a large country and economy can run so relatively smoothly and coordinated. Perhaps it’s time for us in the west to accept that we have things that we can learn from their system. After all, they learn from our system and improved it. Our government and media needs to stop telling us it ain’t so!
Chinese leadership are Marxists. They read Marx and understand it. They put engineers in charge of things. They understand English and read Western economic reports and studies. How much of the reverse is happening?
*The message in this video is more emphatic than ever:* The intended audience is not you or me. This message is for the oblivious Western leaders and condescending garden bureaucrats. This is a wake-up call. This is a blaring siren warning of impending hazards. But as usual, good words often fall on deaf ears.
I wonder if this is also a part of the poverty alleviation program? To bring industries and etc to areas that are more inland. I believe one of the biggest triggers is the road / rail infrastructure. Different cities are only hours away from each other. Makes logistics feasible.
If course. The only way you can alleviate poverty is to get them out of low productivity industry (such as subsistence farming) into higher productivity industry. The government must give these people a gift, such as infrastructure. But they have to earn the higher standard of living.
I predicted this ! that the CCP is encouraging factories to move inland to use the cheaper labour and still raise the living standards of those areas 👍🏼 smart move by the government .
when China relocated people from remote area to free housing in nearby cities, the government invited business to setup factories and train the people for the jobs. so the people won't fall into poverty again.
seems like a no brainer logical step for any gov that cares..... why would you off load work and money to other countries when naturally you can do exactly the same a few streets down the road.... the logistics make sense, the efficiency stays the same, there is no translating or reinterpretation of working routine or languages, nothing gets lost in translation, the infrastructure just spreads inland, education and knowledge just spreads inland
It is common sense if the nation is a democracy (i.e. not western style fake democracy), and the government is of the people, for the people, and by the people.
That is why China spent trillions to build an entire nation of roads and fast speed trains. Now practically the entire country is connected in hours from each other. Spreading factories and locating it anywhere would be easy and profitable. Now workers do not have to leave their homes and work far far away . It's now just down the railway station.
I am from Vietnam and I confirm there's not many new factories being built in Vietnam. They just came, trying to attract us, but ended up investing nothing. There's even acknowledgement by the government recently, and the reason is because of the general incompetency of the whole country: corruption, bad infrastructure, low skilled workers...
I think Vietnam is already doing pretty well compared with other countries, definitely top level, but it's size limited the policies they could make and the money they could spend. A lot of Vietnamese might not be happy but for the next decades, Vietnam's only choice is to go with China and ASEAN, don't be as stupid as Philippines
@@tedhansolo Well, actually I'm comparing Vietnam with the countries at the same size, like Malaysia, Thailand, Poland.... and our competency seems to lag behind pretty far. Not big countries like US, China, Russia The ministry of investment of Vietnam recently had to admit that we lost big contracts with Intel and LG, to Poland and Malaysia, all due to our incompetency compared with them. (You can search this up in Google with keywords: "vietnam investment lg intel") They also admitted that, even if the amount of investment is rising, most of them are in sectors that not everyone loves. Meanwhile, investment in high tech industry is still a big question. I personally even suspect that most of the investment flowing into Vietnam right now is even just proxies of China, they build factories in Vietnam just to "wash" the original place of manufactoring, to dodge the tariff of the western nations. I personally don't care who I cooperate with, as long as it's fair and it gives us the benefit we need. We welcome investment from China, if it can help us to improve our condition. We will shoo away investment from the US, if that brings pollution to our country. We care about the actual benefit, not where the benefit comes from.
Oh and the anti China sentiment in the population too. They blame everything and anything on China. The most obvious one is Chinese EV cars they crash and trash them when Chinese EV cars are very popular in other countries. Report saying that BYD opens a factory in Thailand and is considering opening a factory in vcp county. But many in this country already throw rocks at BYD telling it not to come and they would not buy Chinese cars…. The reasons are many like they don’t like China, products have poor quality, or support domestic EV cars which is vin products. I have never seen a country or population like this having so much confusion, disrespect, no credibility. Why on earth do they love and use Chinese culture and follow whatever China does but really dislike the country
The same situation everywhere, young people, especially, leave small towns & rural areas for the cities. Chinese leaders are the only ones I know of who are working to counter this trend by moving basic factories to these outlying areas. Special attention is also given to the unique characteristics of areas. Example of creating a huge Azalea "forest" that attracts thousands of tourists during spring blooming season. Tending to these plants develops a year- round income to the residents, many of whom have lived an agrarian lifestyle. Keeping the youth home, creating income for the many elders who would much rather stay where they are is a compassionate, humanitarian AND cost-effective way of managing a population.
there are people actually doing real work in the Chinese government, planning for the future and making it happen... and they don't worry about the middle bathroom.
China has been building "ghost cities" for decades, and is still doing so, because that's how China builds urban infrastructure efficiently to urbanize. Just as it's easier to build an addition, a new house, a new subdivision / apartment building on empty land, it's easier to build an all new city. China urbanizes 10-20 Million Chinese every year, and will continue doing so for another 20 years.
The remarkable thing is that China's economic growth is enormously productive. In the US it's a lot of smoke and mirrors, and of little benefit to most people.
I always think that some western companies that are leaving China is because in the past they were dominant in the markets and now they have been strongly desplaced by very competitive chinese companies
It's no surprise that some of them have been packing up. They went to China to exploit the large China market to sell their products. As you pointed out, they are not less competitive compared to Chinese companies. 😂
@@ratumelimatanatoto2488 Yea, it's hard for the Chinese to continue paying premium prices for Starbucks when they can get almost equally good coffee in Luckin' at less than half the price (as an example). Same goes for cosmetics, household white goods, etc.
The Chinese companies are satisfied with low margins if the market grows fast. Western MNCs want higher margins than before, regardless of growth potential. Otherwise, their shareholders will punish their top executives. Chinese boards and shareholders are less assertive, and are used to long term planning and investments for years, not months and quarters. If the markets get tough in China, Chinese companies compete harder, invest more and innovate, while Western MNCs usually reduce investments, siphon profits and eventually pull out of China
Trust and believe reports from him who has lived in China for 12 years. Not those liar reporters from mainstream media who have never even stepped on china soil before and claimed they are experts in China affairs.
China's growing and improving infrastructure network has helped it to defeat the Western economic suppression. By moving their manufacturing interprovincial, they helped to bring up the GDP of different provinces and states that previously had lower income per capital, benefitting and providing more opportunities for more citizens from less wealthy areas. Their government really planned ahead for their people.
Don't have figures myself verify the moving of factories but as an ethnic Chinese overseas I have a great admiration of the Chinese leadership doing "together for a shared future" with the poor and rich provinces. What China has been doing is to put more investment to develop the previously poor provinces who were at the bottom of the GDP league table. China leaders is doing what the US would never do and that is to make the poor folks less poor quickly using the national resources. The effort is highly coordinated. Roads, bridges, HSR, power, energy, transmission and tourism are introduced methodically. It is truly a socialism with the Chinese characteristics. The richer provinces are still getting richer but the poor provinces are being make less poor a lot quicker. The ethnic minorities are no longer minor financially. No matter how much the west smears China the Chinese government is among the most caring and humanistic. Historically the ethnic minorities dominate the poor provinces. China runs a national policy to favour them at the expense of the Han majority. While the Han could have only one child the same rule never applies to the ethnic minorities who can also go to university with a lower academic scores than the national average. They can get high paid government jobs easier too. The leadership effort is to preserve the ethnic minorities, encourage their growths so that they are not squeezed out or marginalized by the Han majority. This policy can run successfully because the Han majority knows this is for the good of the country and their sacrifice and support are pivotal. Remember most of the people in the leadership are Han. The renewable energy incidentally helps the poor provinces sparsely populated with ethnic minorities in infertile land barely habitable. The waste land is ideal to install solar panels and wind turbines as this would not compromise the arable land but makes useless windy desert and dry arid outcrop productive. With such huge installations there comes regular income, job opportunities and secure future for Inner Mongolia, Xinjiang, Tibet, Gansu, Ningxi, Sichuan and Yunnan. The GDP of these previously poor provinces are the current financial stars in China now.
Thank you. You confirmed what I've been thinking for a while when reading western media reports about the so-called "China +1" de-risking moves. Rational Chinese officials and company executives would not move jobs and factories to other countries without also giving the poorer provinces a chance to catch up. It means training programs and jobs for the less developed inland provinces. It's the right thing to do.
One thing is missing in this post is how China executes the movements of factories. I was in a tier II city in China back in 2017 and witnessed some of these movements. Basically, the local governments tightens the environmental requirements (air pollution, waste disposal, electricity, etc) and purposely makes some factories not profitable. The factories have to move to other areas where the restrictions are less or shut down. On the other hand, the receiving cities of the factories provides free land (sometime, buildings) to take over these factories. These movement on one hand improves the living quality of the original cities of the factories but one the other hand increases the job opportunities in the receiving cities. The environmental impacts are also improved when the factories move. Such an interesting scheme can only happen in a country with strong socialism.
@@verypleasantguy In US, when a government tightens any regulation, the first thing it gets is lawsuit which usually drags on 3 to 4 years. Even the government prevails, a proposition would be put on the ballot to outlaw the new regulation. After millions of dollars spent in campaign, if the government prevails, the local cities can still suit the state government for not providing adequate funding. This can take another 3 to 4 years.
@@shaundudley4576 _Some_ socialist government do plan, most don't OTOH, not all governments that planned ahead are socialist --- Norway, for example, is *Democratic* , but it does plan ahead
It is more risky to have factories overseas. With the comprehensive interior transport links, fast rail, drone aircraft delivery, etc rural areas are connected and feasible manufacturing regions. These developments are part of a brilliant master plan
What is working for China won’t necessarily work for the U.S. for cultural and political reasons. Then there’s human right issues (right to be homeless and sleep on the street if I want to?😅). Now the US Supreme Court has spoken. We should see changes soon. However, US cities mightbe shipping them out of sights rather actually helping them. Like SF, they need more cheaper housing by allowing building of more multi-family units. Jailing or pushing homeless (un-house) folks away won’t solve the fundamental problem so long the net flow money only going upward to … you know who.
China cam tell US how it can be done, how to reduce poverty, and it's not like the Americans don't know how. But their system, the neoliberal capitalist system will never allow that to happen.
With an annual GDP growth of 9.5% we now know the reason western governments and the media have been pushing hard on the "Free Tibet" nonsense again...🤣
@@pbworld7858 lol. I can confirm this. Even Inner Mongolian kids (10ish+) punched those young students from the country Mongolia who sells those "independent stories".
The problem with the West is, their govt systemically crippling themselves. The bureaucracy is so complex, it is virtually impossible to start a factory unless you have the clout of Elon Musk.
It is really mind blowing to see it. Talking to friends who live there as I do , and I've been living and driving in China 18 + yrs, I say you can't explain to anyone what you are seeing there because they have never seen anything like this to compare it to. Not just growth like the US went through , Its a whole different level of expansion and technological growth !! Think if US had spent every dime they had on infrastructure instead of military bases, weapons and war. That's what it looks like. Pretty damn cool.
As reported by SCMP, Arthur Kroeber (founder of Gavekal Dragonomics) was asked: "It looks like China is facing challenges in global supply chain realignment. People are saying China’s status in the global supply chain is hard to replace, but what about the prospects over the long run? Who will be the “next China”, India or Vietnam?" His reply: "The short answer is that there is no “next China”. There’s no one else."
Great to be able to learn about China from you Sir. Never knew the rule of 72! Thank you. So if U.K. froth is 0.5%, then 144 years to double? I would be long gone!😂
That's something a lot of people tend to forget that China has big areas underdeveloped, when compared with the rest of China, so the growth opportunities are also big. And given the technological level, the whole of China can be as huge as three or four USA. Even two times the US economy will be a force to be reckoned with.
@@user-qd8yg1fp7i economically profitable! Xinjiang export a lot.... why the west make up stories like forced laborers, concentration camps, genocide.... bc Xinjiang is too successful!
NOw you see clearly why China built a very nationwide network of roads and high speed railways. Instead of concentrating all types of industries in one area e.g ShenZhen , China is making the entire country into a future mega mega mega sized Shenzhen. When that happens its economy would be at least 10 times that of USA which by then would be a small country inc omparison. While US concentrates on money laundary their feit paper money , China builds builds and builds using the dollars earned to do so. By then only RMB will be used worldwide.
Note that the West says that Chinese investment is a mistake, that China should instead concentrate population in a few mega cities, and not build mass transit.
Actually China is growing much faster than originally planned due to US sanctions. If not because of US sanctions, many high tech companies are still relying on western technologies. Thanks to the US government, China is able to achieve technological self reliance much faster. In fact, Made-In-China 2025 goals, introduced in 2015, will mostly achieved its targets with brilliant results by end of this year!
Inland city Chongqing I visited early this year is booming beyond my recognition when I visited 15 years ago, Chengdu used to be laidback city, Panda play ground now is bustling with commercial hi rises.
Specially with western sources. The same sources that wrote negative news about it. It's funny. If he used other sources, western viewers would say fake Chinese data.
As NATO expands into China’s neighbors, and trade restrictions increase, China will maintain high factory output growth rates by replacing lost foreign markets with military products. Look at DJI’s options as they are excluded from large foreign markets. Drones are the new weapon of choice and drone swarms are the future of military. Factory automation in China is the most advanced in the world and their lead is increasing.
NATO is insignificant, only one nation (usa) out of the whole organization can really do anything meaningful. The rest of the members are sinking in all areas (military, economic, energy, freedom, social justic, etc). Russia, china, ASEAN, Africa, latin america, and the MiddleEast do not even give an ear to NATO.
DJI mass produces quality, reliable, easy to use and modify civilian drones at cheap prices. Imagine if US sanctions forced it to pivot to military drones. They would totally revolutionize ground warfare as we know it.
Interior China have good potential due to emphasis on rail transportation and to make Xinjiang as a front to export via Central Asia and Russia to Middle East.
China will eventually do more trade with eurasia, asia and Africa than they do with the US and Europe. Those countries are not likely to try and limit China growing like the US is doing.
Elon Musk said Design is overatted, Manufacturing is underrated. Silicon Valley may attract the best minds in the world, design and make a prototype of a new cool product. But to mass produce them and make billions, you have to think of China. China have tons of skilled workforce and know how to organize and make goods efficiently to reduce cost and maximize output
I don't think above 9% growth is sustainable. What the data shows, however, is that people are moving from low-value jobs to high-value jobs. You don't get 800 million people out of poverty by sticking them all in low-wage positions. Part of the economic miracle is social mobility. Ambitious and creative people can climb the value chain by observing and fulfilling unmet needs. The working poor in the US can't get over that hill because they are barely scraping by.
Because of the jews don't care about you bro. When will you learn. Chinese business people care about the Chinese workers. It's not all about the money. They really hate you with everything in their hearts. You can't imagine it.
It's not sustainable in the long run, but you can get it for a few years. China had it for more than 10, that's why they are the second biggest GDP. These provinces are so poor they can get 8-9% for 5 maybe 10 years, sure longer than that is unlikely, but by that time they will be in a better position so it won't matter.
Still 600 million to lift out of poverty. Their strategy worked with the other 800 million so why not use the same strategy on the last 600 million? If it ain't broke, don't fix it.
People in Xinjiang and Tibet are currently also been lifted out of poverty and joining the wealthy 800 million-plus middle class elite. Though Nepal is not in China, it soon shall attain higher wealth with High Speed Rail links to all parts of China for trade and shipping. I foresee Sikkim will follow suit in the near future.
Read years ago China wanted to move low tech industries inland leaving high tech manufacturing at coastal cities. Move the goods via Yangtze river with higher water level caused by 3 Gorges Dam. One of the companies moving inland was Foxconn which was looking for cheaper wages. The plan seems to have been executed as per data presented by Kevin. Currently China has stated it intends to keep the low cost products e.g shoes, toys manufacturing inside the country so even this would be moved inland.
Coincide with my opinion: many people think apartment price drop in big city drop because of business cycle & over supply. It is not. Factory move to inland area generate job, large number workers no need to move to coastal for job which pop up housing price.
All indjans need to watch this video. Especially those media staff from WION, Hindustan Times, Firstpost, TOI, One India whereby all these media channels love to report China factories are closing and moving to indja.
India is claiming that it's growing faster than China at 8 vs 5% at National level. However growth rates in rural China are far higher than in similar areas in India. Inddia's boast is, therefore, empty. The gap between rural China vs India is widening Or?
Most of India is in a third world country type of situation. 70% of the population without sewage, 30 mile and hour trains, etc. They may be able to compete from small high tech clusters but is a brutally unequal society, and if that were to be addressed it going to take quite a while to catch up with China... If ever.
One should consider the inflation beside growth of economy ...given that big growth of economy but inflation is also big , it is bad ...so the real value to see if the government is able to provide prosperity to the civilians is to calculate the difference growth rate with respect to inflation ... ie: india growth economy in 2023 = 8% and inflation=5.4 ( imf , 2023 The difference= 8- 5.4= 2.6%... ( indian government can increase the income / capita at rate of 8% but on the other hand, also creating inflation at 5.4% to erode the income to buy goods, services and others as such the citizen can still enjoy the net benefit( increase income ) at 2.6% While china growth economy In 2023= 5.3% ( imf) Inflation = 0.2 ( imf) The difference= 5.3- 0.2= 5.1% China though perform less growth economy as compare to india but inflation is much lower in china ...so china has done better job to make the citizen prosper ...from figure above we can judge that china government can make their citizen more prosper than india at the rate of 2 times in 2023 ... But china citizen is 5 times richer than india , because china gdp is ABOUT 5 times of india
Thank you and also appreciate the comments you receive....love❤ the surround drone image ..i feel the magnificence manmade and snowy peaks in the near distant
Offshoring and divestment from China certainly have occured across some industries. Neverthelees, the scale and top-notch industrial infrastructure could hardly be supplanted by nations such as Vietnam or Mexico.
Factories moving to Mexico, Vietnam, and outside China are focused on EXPORTS. Factories moving to interior provinces in China are focused on DOMESTIC CONSUMPTION and reducing the supply chain for the first stage of finishing raw materials. This isn't an either/or situation, this is a BOTH situation. The same thing happens in the US and is commonly called "rural sourcing" -- moving domestic business to poorer, rural communities with lower costs of living and labor, rather than off-shoring to countries with cheap labor.
the problem is how the west describes this to make China look bad and the stupid peasants believe. anyhow, if factories move to vietnma or mexico, i don't see how the westerns become better off but somehow they feel they fee better when China is weaker.
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China`s ghost cities may fill with people now due to investment in the provinces. My guess is their service sector will also increase as the Chinese begin to consume more than they have done in the past.
Most of those are already filled. Don't listen to the fake news. Why don't report on it anymore. Why dint they go back to the same cities they filmed 10 years ago
The industrial growth rate is so high that China does not need to move factories to place like Vietnam and Mexico, all the Chinese companies have to do is build new factories in Vietnam and Mexico in order to avoid tariffs from Western governments. The existing factories can stay in operation supplying non tariffed markets as well as supplying components to Vietnam and Mexico for final assembly.
What China is experiencing is a little bit similar to what the United States had gone through in the late 1980's and all through 1990's During that time, the center of industrial gravity of USA shifted from Mid-Western states (states around the Great Lakes) to Silicon Valley and Texas The cause was, a change of industrial focus, from iron mills / car manufacturing to electronics/computers/internet/software Same thing is happening in China --- the coastal cities which earlier were populated by huge numbers of sweat-shop like fabric-related industries and assembly plants, are transforming themselves to more modern plants making advanced equipment and robotics, which do not require as many workers The similarity ends here, for the USA, they moved their iron mills and car manufacturing plants abroad, to Canada and Mexico, while China moves its fabric related factories and assembly centers westward, to inland provinces Thus, America's transformation was from Industry 2.0 to Industry 3.0, while China moves from Industry 3.0 to Industry 3.5 (a mixture of Industry 3.0 factories plus newly erected Industry 4.0 plants)
Interesting comparison. I worked for a major US HVAC manufacturer for years, and observed that they built nearly all of their major factories in rural areas, mostly in small southern cities with Interstate access. I worked at a couple of those plants, and they really did transform those cities with comparatively good-paying jobs. Note, the hourly workers were paid well, but lower than their urban counterparts; however, the salaried managers were actually paid more than their urban counterparts to entice them to move to rural areas.
I was born in a remote village in China 40 years ago. Twenty years ago, I can't find a job with a monthly salary of 150 dollars. So I had to go to the coastal area 1000km away to find a job. Now my nephew can find a job with a monthly salary of 1000+ dollars in a factory hundreds of meters away from his house.
Sounds like China is doing the right things. I wonder why the “out sourcing” was not moving manufacturing to West Virginia or Mississippi, or mid west.
@@keepingittight The Biden administration has an inside CCP mole, Katherine Tai She misled the whole cabinet with her ultra anti-China stance (and the Biden cabinet bought it) while practically every *_decoupling from China_* program that Ms. Tai pushed for, ends up costing the US of A, way more than it cost China
@goldriverbank6647 no americans are some of the hardest working people. And I hate America. But you have to admit. But they don't have protection. Too many lobbying. Too many jews to be honest. They are taking advantage of
@@goldriverbank6647no country in Europe works as hard as usa. I am from Denmark. 95% work only 37 hours a week with breaks. Like 34.5 hours. Americans work 40 to 60 hours.
Jason, I am a Canadian Engineer, well traveled in China, lived here for 20 years. Really appreciate your clear reporting. I am super impressed with the guidance and I must say wisdom of the government here. China just seems to have made all the right moves ( except expectations on real estate - a speed bump now). They still could improve creativity in education- it seems to get stamped out in wrote learning. The infrastructure is extraordinary. This is a key not yet comprehended by governments in North America. The focus here has changed from exports to the growing middle class. Agree there is a move away from costal areas, that are manufacturing more complex products. Fascinating country.
Not surprise at all. The cost increases around coastal areas, meanwhile the heartland and west still have long way to go. Of course it may not happen if china hadn’t built the massive transportation networks yet. It will take another 40 years to come to the point where entire China becomes too expensive to do low - medium cost manufacturing.
40 years? LOL. In just 20 years Chy!!na will have built settlements on moon. Chy!!na will always be far ahead of anyone else due to their "collective, merit based, Confucius" culture. They are the "We" society,... while the rest of the w0rld that's been infected by the wesztern dem0crazy "Me" culture will always be jealous of Chy!!na's success and will always try to smear and dem0n!!zze Chy!!na.
So China's goal now is to develop humanoid robots, when the entire region is rich, humanoid robots can replace cheap labor, and low-end manufacturing will return to China.
Yup, how can you take advantage of such well developed supply chains, infrastructure, skilled workforce, etc. etc. without developing those things first? Only China has everything you need to build your manufacturing capacity at such low price.
Keep smiling, keep telling the truth. Great differences in a democracy that serves the people and nation and a democracy that serves the plutocrats & Wall Street elites. One is accountable by outcome, the other is accountable by talking & talking.
The next China is... CHINA.
Yes... but guess who's the next India judging by the crumbling infrastructure, rising inequality and growing designated street culture in many of its cities?
@@sammygit9486 Hahaha.
@sammygit9486 Detroit is the next India 😂
IQ Indian 84. Chinese 104
ua-cam.com/video/xZ0lIeijlGY/v-deo.htmlsi=HCyZOa6sFOacuJF5
This is in the eyes of Indian
"Common prosperity" is the theme. Or "don't leave your countrymen behind" is another way to examining China.
Promote the general welfare? As opposed to promoting warfare.
Hunger and poverty eventually results in unrest and insurrection. If you are dying from starvation, you will do anything to survive. China has learned this lesson many times over thousands of years. To stop this from happening, you keep people fed and happy. That is what they are trying to do.
**
It never occurred to me that China could move its manufacturing inland where labor is cheap. This is better than moving to Vietnam, Mexico, and India. China can still make use of its great supply chains because of its great logistics (rail, road).
And the inlanders will be economically elevated, thus narrowing the inequality between urban and rural areas.
It's so bloody obvious and brilliant.
In the big cities the wages are rising so with the great infrastructure this is an obvious solution.
Win win
@@applebee9060 NO it is WIN BIG WIN HUMONGOUS
@@slavko321Industrial upgrading, diversification, specialization and customization of manufacturing in urban areas in favor of industry 4.0 and intensive research-based products.
It's the nature of manufacturing industry - always goes to the next undeveloped area to bring up the living standards of the locals.
Financial industry is the opposite, likes to centralize and constantly drain resources from the rest of the areas, causing increasing inequality.
That's why deindustrialization is shortsighted, and generally causes countries to fail.
You really have to admire XiPing for carrying out the plan;"born a long time ago" , to raise ALL of China from poverty(going to take some time). This is what the 1% of America is afraid of, they want to be the only rich ones. (Just my very basic opinion)
It's not Xi but the whole government and peoples ideas. Grass root ideas make it to the top if they are good for the country.
A very small % of Americans are super rich while the rest isn't.
Otherwise what explains homelessness in America but not in China?
Stop accrediting Xi Jinping for things that he is not worthy of
The success of the poverty alleviation program was the result of accumulation of effort of millions and millions of dedicated Chinese public servants
Strategy for Large-scale Development of Western China can be traced back to 1999, and further back to the third-line construction in the 1960s and 1970s. The current industrial transfer is just one of the results of long-term fiscal transfers and support for the public sector (education, healthcare, infrastructure) in the Western China
When one gets too rich and gain too much of (uncontrollable) power/influence, the chinese government will temper him/her down to protect the less rich and common people/smaller companies . Like they did for example with jack ma/alibaba . Western msm twist that into dictator, no freedom, etc,etc.....
When a country has a good infrastructure as China does, population size of China, industrial capability of China, and hard working traditions of China, there is no reason to move the supply chain anywhere.
AI robot will turn our back one day
a country run by engineers minded government constantly focusing on solving problems, while a country run by lawyer minded government is constantly looking for and creating (if cant find any) troubles
@@coolspace2786
Your comment remind me of my social studies & history teacher more than 55+ yrs ago .
The president of my old country, himself a lawyer , in total frustration , was remembered to said this ,
"- I will do the country a favor , by shutting down all the law school for at least 30~50 yrs.-"
He failed ,
Because lawyers stopped him from doing so .
-
I also heard of the fable of a snake with 7 head ,
Chop out 3 , cut out 3 , there's 1 left and more snake eggs in her belly .
Although increasing and sharing its wealth equally is its ultimate goal, China cannot just turn inward. Doing so would isolate itself. China needs to boost the growth of its foreign partners as well, because strengthening them is the only way to accelerate the multipolar world that enables weakening our US currency hegemony, which in turns finances its military industrial complex.
@@coolspace2786 That was my reaction back then when Ronald Reagan won the White House. Why was a second string actor installed as the commander in chief? Now we can see the consequences of the so-called trickle-down Reaganomics and trade union busting.
Growth within China will be prolonged....
Furthermore, with the BRI, China's factories can be anywhere within China and outside of China along the route.
I anticipate huge growth in in Xinjiang, China's geostrategic gateway to the Central Asia, West Asia, the Med, and Eastern Europe. It's no accident that the West pushes so hard against Xinjiang to try and delay the inevitable.
They are spreading the wealth throughout the country. Excellent 😊
Mind boggling how such a large country and economy can run so relatively smoothly and coordinated. Perhaps it’s time for us in the west to accept that we have things that we can learn from their system. After all, they learn from our system and improved it. Our government and media needs to stop telling us it ain’t so!
Chinese leadership are Marxists. They read Marx and understand it. They put engineers in charge of things. They understand English and read Western economic reports and studies. How much of the reverse is happening?
*The message in this video is more emphatic than ever:* The intended audience is not you or me. This message is for the oblivious Western leaders and condescending garden bureaucrats. This is a wake-up call. This is a blaring siren warning of impending hazards. But as usual, good words often fall on deaf ears.
they don't give a skit about their people
@@petervan7372 But they do !
They do care for *_their own people_* , in Wall Street !
@@verypleasantguyAnd the Military Industrial Complex + Media and Academia
Cheap labor and costs will always be a thing it's business as usual. All the extra numbers mean nothing. It takes time for the market to adjust
@@verypleasantguy true capitalist, money, money, not people, people...
The rule of logic, The Chinese Communist Party, is a real PEOPLE party, taking care of its citizen 😊
@hammylauw9574 • Shandong Province 👆🏻
LOL 🤣📉🌀🚽
I wonder if this is also a part of the poverty alleviation program? To bring industries and etc to areas that are more inland. I believe one of the biggest triggers is the road / rail infrastructure. Different cities are only hours away from each other. Makes logistics feasible.
Kevin told you it was
The CPC has a plan.
It all makes sense 👍🏼 smart government
That was/is a goal to keep families together instead of becoming migrant workers and left their children behind.
If course. The only way you can alleviate poverty is to get them out of low productivity industry (such as subsistence farming) into higher productivity industry. The government must give these people a gift, such as infrastructure. But they have to earn the higher standard of living.
I predicted this ! that the CCP is encouraging factories to move inland to use the cheaper labour and still raise the living standards of those areas 👍🏼 smart move by the government .
It is, meanwhile in the US the midwest is died
when China relocated people from remote area to free housing in nearby cities, the government invited business to setup factories and train the people for the jobs. so the people won't fall into poverty again.
seems like a no brainer logical step for any gov that cares..... why would you off load work and money to other countries when naturally you can do exactly the same a few streets down the road....
the logistics make sense, the efficiency stays the same, there is no translating or reinterpretation of working routine or languages, nothing gets lost in translation, the infrastructure just spreads inland, education and knowledge just spreads inland
It is common sense if the nation is a democracy (i.e. not western style fake democracy), and the government is of the people, for the people, and by the people.
That is why China spent trillions to build an entire nation of roads and fast speed trains. Now practically the entire country is connected in hours from each other.
Spreading factories and locating it anywhere would be easy and profitable.
Now workers do not have to leave their homes and work far far away . It's now just down the railway station.
I am from Vietnam and I confirm there's not many new factories being built in Vietnam. They just came, trying to attract us, but ended up investing nothing. There's even acknowledgement by the government recently, and the reason is because of the general incompetency of the whole country: corruption, bad infrastructure, low skilled workers...
I think Vietnam is already doing pretty well compared with other countries, definitely top level, but it's size limited the policies they could make and the money they could spend. A lot of Vietnamese might not be happy but for the next decades, Vietnam's only choice is to go with China and ASEAN, don't be as stupid as Philippines
In Asia we all know but the politicians in the west tried to pool their people and say China is losing to Vietnam on many things.
@@tedhansolo Well, actually I'm comparing Vietnam with the countries at the same size, like Malaysia, Thailand, Poland.... and our competency seems to lag behind pretty far. Not big countries like US, China, Russia
The ministry of investment of Vietnam recently had to admit that we lost big contracts with Intel and LG, to Poland and Malaysia, all due to our incompetency compared with them. (You can search this up in Google with keywords: "vietnam investment lg intel") They also admitted that, even if the amount of investment is rising, most of them are in sectors that not everyone loves. Meanwhile, investment in high tech industry is still a big question. I personally even suspect that most of the investment flowing into Vietnam right now is even just proxies of China, they build factories in Vietnam just to "wash" the original place of manufactoring, to dodge the tariff of the western nations.
I personally don't care who I cooperate with, as long as it's fair and it gives us the benefit we need. We welcome investment from China, if it can help us to improve our condition. We will shoo away investment from the US, if that brings pollution to our country. We care about the actual benefit, not where the benefit comes from.
Oh and the anti China sentiment in the population too. They blame everything and anything on China. The most obvious one is Chinese EV cars they crash and trash them when Chinese EV cars are very popular in other countries. Report saying that BYD opens a factory in Thailand and is considering opening a factory in vcp county. But many in this country already throw rocks at BYD telling it not to come and they would not buy Chinese cars…. The reasons are many like they don’t like China, products have poor quality, or support domestic EV cars which is vin products. I have never seen a country or population like this having so much confusion, disrespect, no credibility. Why on earth do they love and use Chinese culture and follow whatever China does but really dislike the country
The anti China attitude is still very high in the country. I hope investors from China stay away from this country (v n ). Barbarism still exists.
The same situation everywhere, young people, especially, leave small towns & rural areas for the cities. Chinese leaders are the only ones I know of who are working to counter this trend by moving basic factories to these outlying areas. Special attention is also given to the unique characteristics of areas. Example of creating a huge Azalea "forest" that attracts thousands of tourists during spring blooming season. Tending to these plants develops a year- round income to the residents, many of whom have lived an agrarian lifestyle. Keeping the youth home, creating income for the many elders who would much rather stay where they are is a compassionate, humanitarian AND cost-effective way of managing a population.
there are people actually doing real work in the Chinese government, planning for the future and making it happen... and they don't worry about the middle bathroom.
That's socialism with Chinese characteristics😀
Mainland China has acquired the art of governing its people. Common welfare together.
China has been building "ghost cities" for decades, and is still doing so, because that's how China builds urban infrastructure efficiently to urbanize. Just as it's easier to build an addition, a new house, a new subdivision / apartment building on empty land, it's easier to build an all new city. China urbanizes 10-20 Million Chinese every year, and will continue doing so for another 20 years.
The remarkable thing is that China's economic growth is enormously productive. In the US it's a lot of smoke and mirrors, and of little benefit to most people.
This is one of the best channels out there for unbiased, accurate information on Ch.ina. Thank you sir!!
Indeed it is
I always think that some western companies that are leaving China is because in the past they were dominant in the markets and now they have been strongly desplaced by very competitive chinese companies
It's no surprise that some of them have been packing up. They went to China to exploit the large China market to sell their products. As you pointed out, they are not less competitive compared to Chinese companies. 😂
Japanese car makers are leaving China due to China EV
Current truth and reality that people dont want to acknowledge
@@ratumelimatanatoto2488 Yea, it's hard for the Chinese to continue paying premium prices for Starbucks when they can get almost equally good coffee in Luckin' at less than half the price (as an example). Same goes for cosmetics, household white goods, etc.
The Chinese companies are satisfied with low margins if the market grows fast. Western MNCs want higher margins than before, regardless of growth potential. Otherwise, their shareholders will punish their top executives.
Chinese boards and shareholders are less assertive, and are used to long term planning and investments for years, not months and quarters.
If the markets get tough in China, Chinese companies compete harder, invest more and innovate, while Western MNCs usually reduce investments, siphon profits and eventually pull out of China
Kevin has a good soul.. you can hear the goodness in his being
100% agreed! So refreshing and nourishing to listen to him!
Always ready for your videos everyday! Informative and eye-opening!
yes, me too.
@@jamalkamallatiffmohdyusoff4160 Agreed!
Trust and believe reports from him who has lived in China for 12 years. Not those liar reporters from mainstream media who have never even stepped on china soil before and claimed they are experts in China affairs.
me too.
Me too! So informative and refreshing!
Another excellent report. Your Script is amazing.
And his flawless delivery of it also.
China's growing and improving infrastructure network has helped it to defeat the Western economic suppression.
By moving their manufacturing interprovincial, they helped to bring up the GDP of different provinces and states that previously had lower income per capital, benefitting and providing more opportunities for more citizens from less wealthy areas.
Their government really planned ahead for their people.
Don't have figures myself verify the moving of factories but as an ethnic Chinese overseas I have a great admiration of the Chinese leadership doing "together for a shared future" with the poor and rich provinces. What China has been doing is to put more investment to develop the previously poor provinces who were at the bottom of the GDP league table. China leaders is doing what the US would never do and that is to make the poor folks less poor quickly using the national resources. The effort is highly coordinated. Roads, bridges, HSR, power, energy, transmission and tourism are introduced methodically. It is truly a socialism with the Chinese characteristics. The richer provinces are still getting richer but the poor provinces are being make less poor a lot quicker. The ethnic minorities are no longer minor financially.
No matter how much the west smears China the Chinese government is among the most caring and humanistic. Historically the ethnic minorities dominate the poor provinces. China runs a national policy to favour them at the expense of the Han majority. While the Han could have only one child the same rule never applies to the ethnic minorities who can also go to university with a lower academic scores than the national average. They can get high paid government jobs easier too. The leadership effort is to preserve the ethnic minorities, encourage their growths so that they are not squeezed out or marginalized by the Han majority. This policy can run successfully because the Han majority knows this is for the good of the country and their sacrifice and support are pivotal. Remember most of the people in the leadership are Han.
The renewable energy incidentally helps the poor provinces sparsely populated with ethnic minorities in infertile land barely habitable. The waste land is ideal to install solar panels and wind turbines as this would not compromise the arable land but makes useless windy desert and dry arid outcrop productive. With such huge installations there comes regular income, job opportunities and secure future for Inner Mongolia, Xinjiang, Tibet, Gansu, Ningxi, Sichuan and Yunnan. The GDP of these previously poor provinces are the current financial stars in China now.
Very good understanding of the Chinese government policy. 👍👍👍
不, 除了西藏, 少数民族在所有省份都是少数. (新疆稍微多点)
我认为汉族之所以默许政策偏袒向少数民族.那是因为少数民族真的很少.影响不大.
中国在这里统治太久了,所有的农民几乎都变成了汉族,剩下的少数游牧/渔猎民族,并未改变生活方式,也就是少数民族了.而农耕自如可以支持更多人口.
建国初期汉族占全人口百分之九十七,现在下降到百分之92大概.
所以少数民族在经济上是次要的这非常合理.如果少数人占据大多数财富那才是不公呢.
Love the ending showing some beautiful sceneries. The economic news is also great.
Thank you. You confirmed what I've been thinking for a while when reading western media reports about the so-called "China +1" de-risking moves. Rational Chinese officials and company executives would not move jobs and factories to other countries without also giving the poorer provinces a chance to catch up. It means training programs and jobs for the less developed inland provinces. It's the right thing to do.
One thing is missing in this post is how China executes the movements of factories. I was in a tier II city in China back in 2017 and witnessed some of these movements. Basically, the local governments tightens the environmental requirements (air pollution, waste disposal, electricity, etc) and purposely makes some factories not profitable. The factories have to move to other areas where the restrictions are less or shut down. On the other hand, the receiving cities of the factories provides free land (sometime, buildings) to take over these factories. These movement on one hand improves the living quality of the original cities of the factories but one the other hand increases the job opportunities in the receiving cities. The environmental impacts are also improved when the factories move. Such an interesting scheme can only happen in a country with strong socialism.
It has nothing to do with socialism, but it has everything to do with *_planning_*
China is a country which plans ahead
@@verypleasantguy In US, when a government tightens any regulation, the first thing it gets is lawsuit which usually drags on 3 to 4 years. Even the government prevails, a proposition would be put on the ballot to outlaw the new regulation. After millions of dollars spent in campaign, if the government prevails, the local cities can still suit the state government for not providing adequate funding. This can take another 3 to 4 years.
@@DragonYang01strong bureaucracy. A key ingredient to success the west once had.
@@verypleasantguy Planning is the essence of socialist governance.
@@shaundudley4576 _Some_ socialist government do plan, most don't
OTOH, not all governments that planned ahead are socialist --- Norway, for example, is *Democratic* , but it does plan ahead
As a Chinese live in US I love your videos. Went back and watched All the videos.
Great work thank you
It is more risky to have factories overseas. With the comprehensive interior transport links, fast rail, drone aircraft delivery, etc rural areas are connected and feasible manufacturing regions. These developments are part of a brilliant master plan
The US should work with or learn from China how to reduce those homeless people in the many US cities.
What is working for China won’t necessarily work for the U.S. for cultural and political reasons. Then there’s human right issues (right to be homeless and sleep on the street if I want to?😅). Now the US Supreme Court has spoken. We should see changes soon. However, US cities mightbe shipping them out of sights rather actually helping them. Like SF, they need more cheaper housing by allowing building of more multi-family units. Jailing or pushing homeless (un-house) folks away won’t solve the fundamental problem so long the net flow money only going upward to … you know who.
China cam tell US how it can be done, how to reduce poverty, and it's not like the Americans don't know how. But their system, the neoliberal capitalist system will never allow that to happen.
OK, and who would pay for that? The richest Americans would have to pay more in taxes, as would most companies! Is that really in America's interest?
根本原因是 买了房还要每年交税😂
Thanks Kevin for the enlightening information about the rural industrial development in China
With an annual GDP growth of 9.5% we now know the reason western governments and the media have been pushing hard on the "Free Tibet" nonsense again...🤣
So true!! The “Xinjiang story” is getting old and debunked. A new “Tibet story” is desperately needed….. So pathetic!
The Free Inner Mongolia campaign only lasted one day!
@@pbworld7858
lol. I can confirm this. Even Inner Mongolian kids (10ish+) punched those young students from the country Mongolia who sells those "independent stories".
我们清楚美国和它的小弟想把蒙古变成第二个乌克兰，他们在蒙古扶植纳粹，就像他们在以色列扶植犹太复国主义一样，乌克兰和以色列是成功的用北约组织拖住欧洲和俄罗斯，还想用以色列托住中东国家，想用印度、日本、南朝鲜、菲律宾、蒙古、北约组织托住中国。@@wenling3487
@@user-wx5ks2mp4nHe was refering to the GDP growth of Tibet
China is not crippling the supply chain, anyone can buy!
The problem with the West is, their govt systemically crippling themselves. The bureaucracy is so complex, it is virtually impossible to start a factory unless you have the clout of Elon Musk.
No sanctions!
@@MetaView7 Yes you are absolutely right.
It is really mind blowing to see it. Talking to friends who live there as I do , and I've been living and driving in China 18 + yrs, I say you can't explain to anyone what you are seeing there because they have never seen anything like this to compare it to. Not just growth like the US went through , Its a whole different level of expansion and technological growth !! Think if US had spent every dime they had on infrastructure instead of military bases, weapons and war. That's what it looks like. Pretty damn cool.
This is a Top 3 business channel. Great stuff, Kevin. Blessings.
Glad to see your channel is growing. I think people are hungry for unbiased information on china business. Western mainstream media is sorely lacking.
As reported by SCMP, Arthur Kroeber (founder of Gavekal Dragonomics) was asked: "It looks like China is facing challenges in global supply chain realignment. People are saying China’s status in the global supply chain is hard to replace, but what about the prospects over the long run? Who will be the “next China”, India or Vietnam?" His reply: "The short answer is that there is no “next China”. There’s no one else."
Tibet, 9.5%. Wow
From serfdom to the Chinese dream ❤❤❤
No wonder the USA Congress just passed the free Tibet act
No wonder the USA Congress just passed the free Tibet act
Hainan, 9.2%. Wow. Space industry. Hi-tech.
Tourism. Nowadays many Russian go to Sanya to enjoy the beach and sunshine.
@@bearpolo3618 yea, no "stray" precision guided ukr missiles...
Hawaii is the Hainan island of USa
Hainan is becoming the largest free trade zone in the world.
Great to be able to learn about China from you Sir. Never knew the rule of 72! Thank you. So if U.K. froth is 0.5%, then 144 years to double? I would be long gone!😂
😂😂😂 daamn and they wanna act like they are a peer of china .. laughable
That's something a lot of people tend to forget that China has big areas underdeveloped, when compared with the rest of China, so the growth opportunities are also big. And given the technological level, the whole of China can be as huge as three or four USA. Even two times the US economy will be a force to be reckoned with.
Xinjiang is thriving. Saw it with my eyes during my May trip in the autonomous region.
Xinjiang even exports salmon fish overseas. amazing !!
Noo, but at what cost...?...
@@user-qd8yg1fp7i So, what are the costs?
@@user-qd8yg1fp7ispeaking of cost, people use their own hands to make money, not to receive subsidies.
@@user-qd8yg1fp7i economically profitable! Xinjiang export a lot.... why the west make up stories like forced laborers, concentration camps, genocide.... bc Xinjiang is too successful!
NOw you see clearly why China built a very nationwide network of roads and high speed railways.
Instead of concentrating all types of industries in one area e.g ShenZhen , China is making the entire country into a future mega mega mega sized Shenzhen.
When that happens its economy would be at least 10 times that of USA which by then would be a small country inc omparison.
While US concentrates on money laundary their feit paper money , China builds builds and builds using the dollars earned to do so.
By then only RMB will be used worldwide.
who said let a thousand flowers bloom!
Note that the West says that Chinese investment is a mistake, that China should instead concentrate population in a few mega cities, and not build mass transit.
Actually China is growing much faster than originally planned due to US sanctions. If not because of US sanctions, many high tech companies are still relying on western technologies. Thanks to the US government, China is able to achieve technological self reliance much faster. In fact, Made-In-China 2025 goals, introduced in 2015, will mostly achieved its targets with brilliant results by end of this year!
Great video once again, very informative and interesting.
Inland city Chongqing I visited early this year is booming beyond my recognition when I visited 15 years ago, Chengdu used to be laidback city, Panda play ground now is bustling with commercial hi rises.
Deng mentioned before. Let coastal cities progress. Then move labour intensive activities to westward.
I love you back up your content with solid data .
Specially with western sources. The same sources that wrote negative news about it. It's funny. If he used other sources, western viewers would say fake Chinese data.
Like Hefei as the center of the EV revolution.
Another hidden treasure of Hefei is, light-related industries ... such as laser, such as optical computing, and so on !
Very interesting. I have a much better understanding of what is really happening in China from watching your channel.
Your snap shot videos are really easy to understand and very effective in explaining rather complex issues. Thanks, mate!
Excellent independent reporting Kevin 100% better than the mainstream journalists!
Martin Jacques said the next China is still China.
Appreciate how you give facts instead of propaganda! Nice work!
As NATO expands into China’s neighbors, and trade restrictions increase, China will maintain high factory output growth rates by replacing lost foreign markets with military products. Look at DJI’s options as they are excluded from large foreign markets. Drones are the new weapon of choice and drone swarms are the future of military. Factory automation in China is the most advanced in the world and their lead is increasing.
NATO is insignificant, only one nation (usa) out of the whole organization can really do anything meaningful. The rest of the members are sinking in all areas (military, economic, energy, freedom, social justic, etc). Russia, china, ASEAN, Africa, latin america, and the MiddleEast do not even give an ear to NATO.
DJI mass produces quality, reliable, easy to use and modify civilian drones at cheap prices. Imagine if US sanctions forced it to pivot to military drones. They would totally revolutionize ground warfare as we know it.
北约的行为，中国将不得不在将在军火市场和军火商们竞争，求锤得锤的西方资本，最后的底裤都会输光。
Thank you, Kevin
Interior China have good potential due to emphasis on rail transportation and to make Xinjiang as a front to export via Central Asia and Russia to Middle East.
China will eventually do more trade with eurasia, asia and Africa than they do with the US and Europe. Those countries are not likely to try and limit China growing like the US is doing.
Elon Musk said Design is overatted, Manufacturing is underrated. Silicon Valley may attract the best minds in the world, design and make a prototype of a new cool product. But to mass produce them and make billions, you have to think of China. China have tons of skilled workforce and know how to organize and make goods efficiently to reduce cost and maximize output
Another excellent video piece 👍🏼
Very informative and true to the facts and figures ❤
I don't think above 9% growth is sustainable. What the data shows, however, is that people are moving from low-value jobs to high-value jobs. You don't get 800 million people out of poverty by sticking them all in low-wage positions.
Part of the economic miracle is social mobility. Ambitious and creative people can climb the value chain by observing and fulfilling unmet needs. The working poor in the US can't get over that hill because they are barely scraping by.
Because of the jews don't care about you bro. When will you learn. Chinese business people care about the Chinese workers. It's not all about the money. They really hate you with everything in their hearts. You can't imagine it.
It's not sustainable in the long run, but you can get it for a few years. China had it for more than 10, that's why they are the second biggest GDP. These provinces are so poor they can get 8-9% for 5 maybe 10 years, sure longer than that is unlikely, but by that time they will be in a better position so it won't matter.
Still 600 million to lift out of poverty. Their strategy worked with the other 800 million so why not use the same strategy on the last 600 million? If it ain't broke, don't fix it.
@@HiggsBoson2149China has already attained 0 percent extreme poverty rate in 2020.
This channel is incredibly interesting. Amazing
People in Xinjiang and Tibet are currently also been lifted out of poverty and joining the wealthy 800 million-plus middle class elite. Though Nepal is not in China, it soon shall attain higher wealth with High Speed Rail links to all parts of China for trade and shipping. I foresee Sikkim will follow suit in the near future.
China is developing railroads through Kazakhstan as a route to Europe now. So inland products can be exported through those routes as well.
Read years ago China wanted to move low tech industries inland leaving high tech manufacturing at coastal cities. Move the goods via Yangtze river with higher water level caused by 3 Gorges Dam. One of the companies moving inland was Foxconn which was looking for cheaper wages. The plan seems to have been executed as per data presented by Kevin. Currently China has stated it intends to keep the low cost products e.g shoes, toys manufacturing inside the country so even this would be moved inland.
Thank you, Kevin! I learn something every time i open your video!
Coincide with my opinion: many people think apartment price drop in big city drop because of business cycle & over supply. It is not. Factory move to inland area generate job, large number workers no need to move to coastal for job which pop up housing price.
All indjans need to watch this video. Especially those media staff from WION, Hindustan Times, Firstpost, TOI, One India whereby all these media channels love to report China factories are closing and moving to indja.
and this is gospel truth because ??
想知道什么原因吗😅
India is claiming that it's growing faster than China at 8 vs 5% at National level.
However growth rates in rural China are far higher than in similar areas in India.
Inddia's boast is, therefore, empty. The gap between rural China vs India is widening
Or?
India is only good at making unfounded noise to boost their blind egos. No substance and corrupted country
India higher growth rate is from a low base.
Most of India is in a third world country type of situation. 70% of the population without sewage, 30 mile and hour trains, etc. They may be able to compete from small high tech clusters but is a brutally unequal society, and if that were to be addressed it going to take quite a while to catch up with China... If ever.
People inside China are too busy advancing their lives to listen to what the Indians or the South Koreans
One should consider the inflation beside growth of economy ...given that big growth of economy but inflation is also big , it is bad ...so the real value to see if the government is able to provide prosperity to the civilians is to calculate the difference growth rate with respect to inflation ...
ie: india growth economy in 2023 = 8% and inflation=5.4 ( imf , 2023
The difference= 8- 5.4= 2.6%...
( indian government can increase the income / capita at rate of 8% but on the other hand, also creating inflation at 5.4% to erode the income to buy goods, services and others as such the citizen can still enjoy the net benefit( increase income ) at 2.6%
While china growth economy
In 2023= 5.3% ( imf)
Inflation = 0.2 ( imf)
The difference= 5.3- 0.2= 5.1%
China though perform less growth economy as compare to india but inflation is much lower in china ...so china has done better job to make the citizen prosper ...from figure above we can judge that china government can make their citizen more prosper than india at the rate of 2 times in 2023 ...
But china citizen is 5 times richer than india , because china gdp is ABOUT 5 times of india
Thank you and also appreciate the comments you receive....love❤ the surround drone image ..i feel the magnificence manmade and snowy peaks in the near distant
Moving factory inland is only possible with good infrastructure.
Love the content
Offshoring and divestment from China certainly have occured across some industries. Neverthelees, the scale and top-notch industrial infrastructure could hardly be supplanted by nations such as Vietnam or Mexico.
Search BRICS map June 2024.
China will sell to THOSE countries. They're thinking BEYOND the G7
These factories in Vietnam and even Mexico are mostly Chinese investments trying to get around tariffs.
at 08:05... ⚡ Thanks for your informative videos, as always. 👏🏻
Factories moving to Mexico, Vietnam, and outside China are focused on EXPORTS. Factories moving to interior provinces in China are focused on DOMESTIC CONSUMPTION and reducing the supply chain for the first stage of finishing raw materials. This isn't an either/or situation, this is a BOTH situation. The same thing happens in the US and is commonly called "rural sourcing" -- moving domestic business to poorer, rural communities with lower costs of living and labor, rather than off-shoring to countries with cheap labor.
the problem is how the west describes this to make China look bad and the stupid peasants believe. anyhow, if factories move to vietnma or mexico, i don't see how the westerns become better off but somehow they feel they fee better when China is weaker.
one learn every day!
thanks.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
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Informative. Thanks for sharing.
Thank you Kevin.
Because China seeks to help its citizens , the solutions and ideas are very obvious and not complicated.
China's policy is to make everyone as productive and prosperous as possible. That is a sound basis for government.
Moving factories will interract with all the new buildings they have built smart move
Excellent coverage and analysis- thank you!
China`s ghost cities may fill with people now due to investment in the provinces. My guess is their service sector will also increase as the Chinese begin to consume more than they have done in the past.
They have obesity problem.
Most of those are already filled. Don't listen to the fake news. Why don't report on it anymore. Why dint they go back to the same cities they filmed 10 years ago
The so-called ghost cities were built in readiness for the movement of people and industries! 😂😂😂
The industrial growth rate is so high that China does not need to move factories to place like Vietnam and Mexico, all the Chinese companies have to do is build new factories in Vietnam and Mexico in order to avoid tariffs from Western governments.
The existing factories can stay in operation supplying non tariffed markets as well as supplying components to Vietnam and Mexico for final assembly.
It's as always the unadulterated facts unbiasedly delivered and without all the regular BS from others . Thanks Kevin you're a breath of fresh air.
What China is experiencing is a little bit similar to what the United States had gone through in the late 1980's and all through 1990's
During that time, the center of industrial gravity of USA shifted from Mid-Western states (states around the Great Lakes) to Silicon Valley and Texas
The cause was, a change of industrial focus, from iron mills / car manufacturing to electronics/computers/internet/software
Same thing is happening in China --- the coastal cities which earlier were populated by huge numbers of sweat-shop like fabric-related industries and assembly plants, are transforming themselves to more modern plants making advanced equipment and robotics, which do not require as many workers
The similarity ends here, for the USA, they moved their iron mills and car manufacturing plants abroad, to Canada and Mexico, while China moves its fabric related factories and assembly centers westward, to inland provinces
Thus, America's transformation was from Industry 2.0 to Industry 3.0, while China moves from Industry 3.0 to Industry 3.5 (a mixture of Industry 3.0 factories plus newly erected Industry 4.0 plants)
Interesting comparison. I worked for a major US HVAC manufacturer for years, and observed that they built nearly all of their major factories in rural areas, mostly in small southern cities with Interstate access. I worked at a couple of those plants, and they really did transform those cities with comparatively good-paying jobs. Note, the hourly workers were paid well, but lower than their urban counterparts; however, the salaried managers were actually paid more than their urban counterparts to entice them to move to rural areas.
Moving manufacturing industry out of the U.S. is not industry 3.0, it’s Industry 0, back to era before industry. Just saying.
@@Userkzb20253 The US transitioned to a post-Industrial "service" economy.
I was born in a remote village in China 40 years ago. Twenty years ago, I can't find a job with a monthly salary of 150 dollars. So I had to go to the coastal area 1000km away to find a job.
Now my nephew can find a job with a monthly salary of 1000+ dollars in a factory hundreds of meters away from his house.
Another good take and video
Brilliantly made....keep up the good work sir 👏
Sounds like China is doing the right things. I wonder why the “out sourcing” was not moving manufacturing to West Virginia or Mississippi, or mid west.
Work ethics
@@keepingittight The Biden administration has an inside CCP mole, Katherine Tai
She misled the whole cabinet with her ultra anti-China stance (and the Biden cabinet bought it) while practically every *_decoupling from China_* program that Ms. Tai pushed for, ends up costing the US of A, way more than it cost China
America and China can work together and both nations can be very prosperous but America is zero sum, I want to be the KING.
@goldriverbank6647 no americans are some of the hardest working people. And I hate America. But you have to admit. But they don't have protection. Too many lobbying. Too many jews to be honest. They are taking advantage of
@@goldriverbank6647no country in Europe works as hard as usa. I am from Denmark. 95% work only 37 hours a week with breaks. Like 34.5 hours. Americans work 40 to 60 hours.
Thanks!
this is probably what they mean when they say that the next China, is China
Jason, I am a Canadian Engineer, well traveled in China, lived here for 20 years. Really appreciate your clear reporting. I am super impressed with the guidance and I must say wisdom of the government here. China just seems to have made all the right moves ( except expectations on real estate - a speed bump now). They still could improve creativity in education- it seems to get stamped out in wrote learning. The infrastructure is extraordinary. This is a key not yet comprehended by governments in North America. The focus here has changed from exports to the growing middle class. Agree there is a move away from costal areas, that are manufacturing more complex products. Fascinating country.
Not surprise at all. The cost increases around coastal areas, meanwhile the heartland and west still have long way to go. Of course it may not happen if china hadn’t built the massive transportation networks yet. It will take another 40 years to come to the point where entire China becomes too expensive to do low - medium cost manufacturing.
40 years? LOL. In just 20 years Chy!!na will have built settlements on moon. Chy!!na will always be far ahead of anyone else due to their "collective, merit based, Confucius" culture. They are the "We" society,... while the rest of the w0rld that's been infected by the wesztern dem0crazy "Me" culture will always be jealous of Chy!!na's success and will always try to smear and dem0n!!zze Chy!!na.
So China's goal now is to develop humanoid robots, when the entire region is rich, humanoid robots can replace cheap labor, and low-end manufacturing will return to China.
I had NO idea about this….I believed the news of factories in China moving to Vietnam…..
We all did. The fake western media can make us believe the sky is green if they want to
Yup, how can you take advantage of such well developed supply chains, infrastructure, skilled workforce, etc. etc. without developing those things first? Only China has everything you need to build your manufacturing capacity at such low price.
The CPC has a plan.
There are many inland provinces that need to be developed, so there is still a lot of room to grow in China.
Keep smiling, keep telling the truth. Great differences in a democracy that serves the people and nation and a democracy that serves the plutocrats & Wall Street elites. One is accountable by outcome, the other is accountable by talking & talking.
While china building road and belts, america is building route 66 and rust belt
Yeah, but you "get your kicks, on route 66!"
@@PracticaProphetica USA USA USA. AHH... feels better now
@@user-cy3ce1gy7o Just a joke, man, you don't have to get all political about it.
Very useful and informative video, see you in Bilibili😂😂😂😂