Why is China Understating its Trade Surplus?
Вставка
- Опубліковано 9 чер 2024
- Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): brilliant.org/tldr/
China is often seen as the "factory of the world," much to the concern of other economies around the world. A recent analysis even shows that China might be understating its trade surplus - and may be far bigger. But what is a trade surplus, and why is China understanding it?
🎞 TikTok: / tldrnews
💡 Got a Topic Suggestion? - forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: / tldrnews
Donate by PayPal: tldrnews.co.uk/funding
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
//////////////////////
1 - www.ft.com/content/f3ee37e0-b...
2 - tradingeconomics.com/china/cu...
3 - www.cfr.org/blog/chinas-curre...
4 - www.cfr.org/blog/chinas-curre...
5 - www.ft.com/content/ae517907-0...
00:00 - Introduction
01:30 - What is a Trade Surplus?
05:12 - Why is China Understating Theirs?
07:45 - Sponsored Content
"Is China lying about...?"
"Yes."
We got a new fast and furious😂
every country lies tho- they just choose different times and places to do it suitable to their needs and character. the west runs a pure capitalistic model of a keynesian leaning, so open and transparent economic data is to its advantage. One would be mistaken to assume they'd tell the the truth when their interests would be impeded by it- such as anything regarding the actions of its deep state mechanisms
"Wait, If they would lie about this would they also lie about..."
"Yes."
Lying about trade surpluses is the dumbest thing ever considering how easy it is to verify the numbers by examining the other side of the trade. Holy hell the ccp is as stupid as a bag of bricks.
"Will westerners automatically jump to the worst conclusions about ANY country they don't identify or align with?"
"Yes."
You people don't just do this with China. Pretty much any place that isn't westernized is hated, including ones that're western allies. Half a MILLENNIUM of drinking your 'west is best' koolaid has left you guys with the biggest egos of anyone on Earth.
This has to be an April Fools video, CCP would NEVER lie about anything right
Lol, he must be lying about China's Lies on Lies about lying…~and so on😂😂
What is the west NOT assuming China is lying about? Or, for that matter, what is the west not assuming the worst about for any non-western or allied country? Or, for that matter, what does the west not believe it's the bestest peoples in the world for?
@@ArawnOfAnnwnstop copy-pasting the same reply under every comment you fucking bot
@@ArawnOfAnnwn The fact that a non existing entity popularly called "the west" has more credibility, often even in Great-Firewalled China, than its not-chosen government, is pretty telling.
@@ArawnOfAnnwnngl I sorta agree, a lot of westerners go by the thinking of “non western country = bad”
Ironically, the story of China collapsing is only believed by ordinary poor people. Meanwhile, the rich American CEOs and the US Treasury Secretary act differently. 😂
Investisse en chine alors
Actually, Janet Yellen is not necessarily acting differently. Rich American CEOs are also apparently acting to try to sell their business ventures in China where possible, and that means cozying up to Xi for a certain amount. They are not actually trying to expand their presence in China.
@@unconventionalideas5683 You are an ordinary poor American. You have just proved his point 😂
When the oil price so high like this time, it is the right time to do the dollarization through swap currency. If there are 200 countries except the US allies do swap currency, the US will not do embargo. If it does, just seize its assets in all 200 countries on earth.
Mahatir has thoght the world how to manipulate the USD demand when the USD was high by prioritizing who can exchange the USD such as he prioritized Malaysian students abroad. When no one uses USD, USD will drop against the local currency. This strategy then was copied and used by China. That's why China currency is so stable towards USD and it can grow really fast as its people wealth are not gone by the USD currency exchange.
Imagine for example Indonesia (not my country) has GDP of USD 1.4 Trillion with currency 1 USD = Rp 16,100 = Rp 19,320 Trillion. if no one uses the USD, there is possibility the USD would back to 1 USD = Rp 7.5 (as it happened in 1969). Thus the Indonesia GDP would rose to Rp 19,320 T/Rp 7.5 = USD 2,560 Trillion or way ahead of the USA who only has USD 256 Trillion.
The 200 central banks also need to stop increasing its interest rates to hold USD back to the US. The reason is there are 5 world currencies in the world. USD will always be expensive like other world currencies from Europe such as Euro and Pound sterling. Yuan and Yen would not reject if the 200 countries have chosen theirs as the new global currencies otherwise two countries trade agreement can have swap currencies as the main requirement.
When the USD is dropped in value, countries that borrow money in USD, will be able to pay off all of their debts in USD. The USA will also loose its hegemony straight forward.
@@innocentmushi3036 no? He didn't make a point, he just made a statement saying that those who belive that are "poors", but he did that without giving an appropriate argument. On the other hand the other guy gave a fact based argument showing that many CEOs are, in fact, running away from China.
Didn't you learn how to make a proper debate at school? (did you even go to school?) 🤔
It's not just the trade surplus itself. It's the goods being imported from China. It was one thing when it was flatware and cheap furniture. It is quite another when it is advanced electronics and companies surrendering intellectual property to have their products manufactured cheaply in China. That's basically giving away the store.
No country can replace China in manufacturing. If the West so depend on China it means China can write the rules. This is capitalism.
China beat the capitalists at their own game by centralizing production there, and the new game is to see how long China can entice investment and extend peace until its economic advantage is irreversible.
I’m happy to buy a 75 inch smart TV, made in China, for under $450.
Your thinking outdated. Try design a 200 inch TV then search who can make it, you will end up with 2 answer either can`t or the price goes 50x and need wait for month cause they need to import part from China.
Go to China instead you can get 5 factory to quote for best deal and then will even ask if 200 inch big enough want a 400 inch instead which they can finish up within 3 days plus delivery.
That what tech manufacture chain, if you want to smith a knife any local smith can do from metal to fire they got all.
But a TV the panel, board, switch, frame, dimming, cable, connector and 100 more part will need to be built and the cost not cheap.
@@nmew6926 Too late. It's already happened.
Same reason they stopped publishing unemployment rate for under 35 years olds: it's catastrophically, categorically, bad.
They republished it, it actually lower guys, trust us, gib moni plzzzz
National Security as reasons for this.
@@Ghe480 ahh yes, national security. Funny how the CCP thinks that anything that's bad for its image is a national security risk.
Well you could have taken the time to do a simple search China has over 820 billion dollar trade surplus with the world and for the first 2 months of 2024 exports are up 7%
LOL what for to be honest to a thief? Have you seen Greek vs Goldman Sachs or Asian countries vs Soros?
"GDP figures are "man-made" and therefore unreliable."
Said by the late Chinese Premier Li Keqiang in March 2007
This is taken extremely out of context with a few mistranslation.
@@pzwang4109 "and thus, is for reference only."
@@pzwang4109 he said that when he was interviewed about liaoning provincial gdp, and he says that he has his own method to measure it
@@pzwang4109 "...and thus, (used) for reference only."
Why deleting this comment, youtube?
He said that whennhe was interviewed about liaoning province's gdp.
He said that he has his own methid to estimate it.
Again, why deleting this youtube?
I am not comfortable with the claim that an overall trade surplus is A Bad Thing for a nation.
Surely a national trade surplus leads to an increase in national wealth, which can be taxed and lead to national accounts being in credit. If the people choose to enjoy a moderate standard of living - pursuing prosperity without unnecessary consumption, fair wages, buying local products, and fighting planned obsolescence - they can have stored personal wealth. All of this is a buffer when a global pandemic or other widespread disaster hits.
An overall trade surplus is generally either neutral or good for a nation. The problem is that with every surplus there is a corresponding deficit somewhere else, and a nation with a trade deficit can really suffer from that, especially if they do not control their own currency and therefore cannot devalue it to become more competetive. Not an expert on the topic though.
The discussion in the video isn't the greatest, but any trade surplus has to be (by basic accounting) balanced by a capital account deficit - if a country is net exporting goods, it must equally be net investing abroad. So a trade surplus isn't caused by people saving up for the future by moderate consumption - it is that they are not saving up for the future locally, but necessarily investing elsewhere, if they saved for the future locally, they wouldn't have a trade surplus. This is why you get stories of China buying lots of US Government debt - it has to, it is a necessary consequence of its trade surplus. There is nothing wrong with saving for future prosperity, there is something a bit unbalanced by net saving for prosperity elsewhere and not saving at home.
@@kennedy0tm You go by an error in old basic accounting theory: "capital account deficit." The realities of human psychology (a weird phrase, but stay with me) means that a great deal of pricing is more related to emotions, ideas, and survival needs than the costs of inputs. Remember, money is imaginary.
@kennedy0tm Starting from trade surplus not being a capital loss, the overseas capital acquired becomes a means of diversifying national (actually, of course, largely multinational investors, who have persuaded governments globally to cut their taxes) investments. Very handy to have a buffer for times when the nation has to import more than it exports - and in a century of catastrophes, we can expect that to happen.
When the oil price so high like this time, it is the right time to do the dollarization through swap currency. If there are 200 countries except the US allies do swap currency, the US will not do embargo. If it does, just seize its assets in all 200 countries on earth.
Mahatir has thoght the world how to manipulate the USD demand when the USD was high by prioritizing who can exchange the USD such as he prioritized Malaysian students abroad. When no one uses USD, USD will drop against the local currency. This strategy then was copied and used by China. That's why China currency is so stable towards USD and it can grow really fast as its people wealth are not gone by the USD currency exchange.
Imagine for example Indonesia (not my country) has GDP of USD 1.4 Trillion with currency 1 USD = Rp 16,100 = Rp 19,320 Trillion. if no one uses the USD, there is possibility the USD would back to 1 USD = Rp 7.5 (as it happened in 1969). Thus the Indonesia GDP would rose to Rp 19,320 T/Rp 7.5 = USD 2,560 Trillion or way ahead of the USA who only has USD 256 Trillion.
The 200 central banks also need to stop increasing its interest rates to hold USD back to the US. The reason is there are 5 world currencies in the world. USD will always be expensive like other world currencies from Europe such as Euro and Pound sterling. Yuan and Yen would not reject if the 200 countries have chosen theirs as the new global currencies otherwise two countries trade agreement can have swap currencies as the main requirement.
When the USD is dropped in value, countries that borrow money in USD, will be able to pay off all of their debts in USD. The USA will also loose its hegemony straight forward.
3:23 As a German I have to say, I prefer importing Italian food by a lot.
Nice that someone noted that the imports from France and Italy were reversed
What is China NOT lying about?
What is the west NOT assuming China is lying about? Or, for that matter, what is the west not assuming the worst about for any non-western or allied country? Or, for that matter, when does the west ever not believe it's the bestest peoples in the world?
@@ArawnOfAnnwnlmaoooooo
@@ArawnOfAnnwnno one is saying who is the “bestest” or not. They are simply saying that China has been shown to value “face” over truth. Thats why anyone who tells the truth there is arrested 😂
@@MrBluejfo5 No you're saying more than that - you saying you know best. You know China best, you know India best, you know Turkey best, Russia best, Brazil best, 'Africa' best, etc. As you have for over 400 years...
@@ArawnOfAnnwn Which country are you from, pal? Seems to matter an awful lot to you. China lies all the time. It lied about COVID, it lies about its history, it lies about Tibet and Xinjiang, it lies about its economy. It's not actually because of the CPC but because of the closed defensive nature of Chinese people
The real question is there anything China does not lie about
What is the west NOT assuming China is lying about? Or, for that matter, what is the west not assuming the worst about for any non-western or allied country? Or, for that matter, what does the west not believe it's the bestest peoples in the world for?
@@ArawnOfAnnwn *the best (it's an irregular superlative)
@@OnlineEnglish-wl5rp I said 'bestest' on purpose. I know your name indicates you being anal retentive about grammar and spelling, but online English (or any other language) doesn't work that way. Or even offline English in casual settings.
@@ArawnOfAnnwnb-b-but the west-!
@@ArawnOfAnnwn *anally retentive
China is Lying?
Oh The Horrors, the Pain, the Disgrace XD
Next you'll be telling me that grass is green and the sky is blue.
@@FireSeraph007 What then? That the reason why people are dying at alarming rates is because of Breathing
@@FireSeraph007if only the sky is green and the grass is blue...!
In reality, China is flying.
@@Cobra-King3
Dare if U$A allows the UN to investigate the Fort Detrick P4 military bioweapon lab. If that's not enough she has 336 military bioweapon labs around the globe.
Maybe its just a habit at this point? 🤔
I mean if they stop lying now investors will see a huge dip in statistics and panic.
And when one statistic diverges from the reality too much the other ones have to be adjusted to make it at least somewhat plausible.
What's more is that they lie about the growth because CCP leaders force them to. And the more they lie about growth that didn't happen the more they have to adjust the absolute number to account for that cumulative fake growth.
@keanphenglim5179 do you get 50 cents everytime you copy and paste that same comment?
Its an increasingly hopeless situation. Previously it was to appease foreign investors, now its to appease the new emperor-in-all-but-name
@@KomenJolokia-cd4np u clown🤡 they are understating, not overstating.
You mean like WMD? Nord Stream?
"Is China lying?"
"Is the water wet?"
"Is china lying ?"
Yes
"Do you have proof?"
🤐🤐🤐🤐
Xi: no
Is china lying ?"
Yes
"Do you have proof?"
🤐🤐🤐🤐
@collller there is no local brand in Czechia, nor Korean or Japanese brands to be bought
I'll let CCP happily spy on me through the phone. The worst they can find are gigabytes of gay furry porn
@collller So what if the Apple phone was made in Taiwan because a good number of them were also a good number of Samsung products were made in China so as well as Sony products, so what’s that say about your morality now?
Well this is gonna be interesting but not surprising from China.
@keanphenglim5179 At least I can own and purchase anything thats not a Chinese knock off or most stuff that are banned in China.Lol wah wah wah somebody in the west talking about China is all I hear from you.Its pathetic.
@@user-ge5vf5md7rIs china lying ?"
Yes
"Do you have proof?"
🤐🤐🤐🤐
@@user-ge5vf5md7r
Prove it . Dont lie now
@keanphenglim5179spam much?
@@user-ge5vf5md7r wt are those things? Im curious.
This was a beautiful and susinct explanation, thank you!
Trade surpluses are always hard to explain to people!
And ringing the beEll 😂 love the content but the accent still kills me
This change has to do with the trade relations between Russia and China. That explains the timing and motives, for both countries, to me.
Where is your video about El Salvador?
US was also overstating its deficit in the trade with China for its own favor.
I wonder if a large part of this extra surplus comes from the increase in trade with Russia. Ever since the Ukraine invasion and subsequent Western sanctions Russian companies have become even more reliant on China, especially for manufactured goods and high tech like microchips. I am not saying all this extra surplus comes from that but it would partially help explain why China has not been publishing its true numbers
They have increased their trade with Russia, and many of their belt and road partner countries while decreasing their trade with the USA. China leads the world in 37 of 44 critical technologies of the future. Right now they have 12 times the automation that even the USA has. They will be exporting a lot more stuff in the coming decades as they start using AI to aid them in that manufacturing
their EV car BYD also selling like hot cake in western world
LOL what for to be honest to a thief? Have you seen Greek vs Goldman Sachs or Asian countries vs Soros?
@@DW-op7ly1.China is importing industrial machiner from the West. 2. manufacturing in the West is Way more automated. The us have three times As much robot per factory worker Than China. Only singapore have more Than that. The reason consumer electronics are mostly made in China is the fact that they control most of the supply of rare earths which are needed For touchscreens and 4k cameras.
Where are you getting your news from the 1990s still?????
China is building its own semiconductor making equipment these days
As for automation/robots
👇
And when controlling for the fact that Chinese manufacturing wages were significantly lower than U.S. wages, in 2021, China had 12 times the rate of robot use in manufacturing than did the United States.
ITIF
If US didn't ban things that China actually wants such as CPUs and gpus then the trade balance should have been much better...
Well, China "owns" Taiwan, so why don't they buy from them?
Oh, Taiwan won't sell them chips either. 😂
@@jilbertb Well, you are wrong.
Taiwan actually *WANT* to sell to China. It is the US that is not allowing Taiwan to sell.
因为公司是美国的，并不是台湾省的
@@ChinaSongsCollection Taiwan actually doesn't necessarily want to sell to China because of the CCP's increasing aggression.
@unconventionalideas5683 You can say anything you like.
But I don't think ANYONE in their right mind would believe businesses want to lose their biggest customers.
And China *IS* the biggest customer for most Taiwan businesses. (or at least would have been the biggest customer if it wasn't for politics).
So they CLEARLY *WANT* to sell.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to indeko Glenn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Mind if I ask you to recommend this particular professional you use their service?
She is easy to reach, 0/\/ qooqle indeko glenn.
Okay I will google her, thank you
Very true, Bitcoin is moving crazy these few weeks, I'm back in 🙂
I have seen so many recommendations about indeko glenn, her strategy must be good for people to talk about her
is there going to be a video about the turkish elections
You re-titled the video after posting on nebula to try to trick me into watching twice but it didn't work 😝
What is risky with capital flows? Because capital flows take place within the EU, between states in the USA, and between parts of the UK as well. The problem is actually that the world/global economy is not politically integrated enough so that markets and trade can be regulated as within countries or regions as the EU. Also, in the case of the USA, because of interstate trade and big internal market, the USA is less depending on global trade than for example China.
@keanphenglim5179 I am not sure what you mean here. What is rational basis for your claims?
China is understating trade surplus but are exaggerating gdp . Something about this seems contradictory . Only one can be true
Maybe they are exaggerating their GDP more than they are understating their trade surplus
Not necessarily though? Increased GDP and decreased trade surplus would suggest a rise in domestic consumption.
It's another question entirely though when the data is falsified.
They don't need to exaggerate gdp because the CPC government don't have to face election. I believe they also understate GDP. When China was at same economic level as today India it was in 2007. It's GDP was $ 3,75 ~$4,0 Trillion. While India today still have 40% of Bombay population living in slums, many households still don't have toilets, sewage system, dirty roads ect.. China in 2007 was far more developed than India of 2024. So either China understated it's GDP in 2007 or India overstating it's GDP in 2024
@@nmew6926 on another note, henan provincial government accidentally announced economic recession with their attempt to "tone down" their "touches" on economic numbers
if henan has it, wont be much stretch to think the entire china is too (maybe except beijing)
Now it's understatement.
There should be full subtitles, not appearing a word after the other.
Trade Surplus Explained:
A trade surplus occurs when a country's exports exceed its imports. In simpler terms, the country is selling more goods and services to other countries than it's buying from them. China's position as the "factory of the world" translates to a high volume of manufactured goods being exported. This is a major reason behind their consistent trade surplus.
Why is China's Trade Surplus a Concern?
There are a couple of reasons why other economies might be concerned about China's large trade surplus:
Impact on Domestic Industries:
A large trade surplus can sometimes indicate an uneven playing field. For other countries, it can mean competition from cheaper Chinese exports, potentially hurting domestic industries in those countries.
Currency Manipulation:
Some argue that China may be keeping its currency artificially weak. This makes Chinese exports cheaper and imports more expensive, further inflating their trade surplus.
Is China Understating the Surplus?
There have been some analyses suggesting China might be underreporting the extent of its trade surplus. This can be due to various factors, like transfer pricing (where goods are traded between subsidiaries at manipulated prices).
Important to Note:
The impact of a trade surplus is complex and can have both positive and negative aspects.
Summary:
China has a large trade surplus due to its role as the "factory of the world."
Some countries are concerned about the impact of China's trade surplus on their domestic industries.
There are concerns that China may be manipulating its currency to increase its trade surplus.
The extent of China's trade surplus may be understated.
The impact of a trade surplus is complex and has both positive and negative aspects.
Factors that may affect the future of China's trade surplus:
China's economic growth rate
Growth in domestic demand in China
Renminbi exchange rate trend
Rising protectionism in global trade
Development of Sino-US trade frictions
Adjustment of Chinese government policies
It is important to note that these are just some possibilities, and the actual situation in the future may be different.
Tell Europe that a reliance on trade from one nation is totally fine.
I trust china over your kind
Thanks
Cbina is massively understating its GDP, growth rate, military spending, and trade surplus
No. China have deflation wich means the people of China see buying from abroad is very expensive then buying from China
actually true, china purposefully makes their currency cheap on the exchange to make trading with them far more competitive. This does two things, one makes foreign goods very very expensive for average chinese and two increases national and local trade as its far more competitive.
China have deflation and Chinese people are tightening their wallets.
their people are tightening their wallets
Yeah, until the monetary shamanism ends, then you have a problem @@slicer2938
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recessio😂n@@KomenJolokia-cd4np
The issue of transshipment of Chinese goods via Mexico will be dealt with when NAFTA is up for renewal in '26.
Me when the west and the east are having tensions: "Neutrality activation complete"
1.
Something to be noted here.
It is not entirely Correct that Trade Surplus in Exports has to go into Imports to not be Wasted.
While indeed one way to Spend Trade Surplus. Is to Import more from other Countries.
Another very common usage is to simply use it like Foreign Investment and use it to Build up Industry and Infrastructure without causing Inflation.
Therefore the Money from Trade Surplus being swallowed by the Local Economy.
2.
Bilateral Trade Surplus or Deficit Generally means very Little when Isolated.
For example. A Big Industrial Nation may have a Trade Deficit with a Small Ressource Producing Nation. But its overal Trade will be Massively Profitable because while it may not Export much to that Ressource Producing Country. it will Produce tons of things with these Ressources and Export them.
3.
In China´s case. The Trade Surplus mostly comes from China Running massive Exports at the Expense of Cheap Labor. China is very much Copying Germany in this case.
For those that dont know. Germany Started by making massive amounts of Cheap stuff to Export. Thus becoming the Affordable Brand. Then over time using that to make ever better stuff and becoming the sophisticated Industrial Power it is Today.
And China is likely trying to Copy this Template for themselves. So they are currently doing what is mentioned in Point 1. They are Running massive Exports and use the Trade Surplus as Foreign Investment rather than Spending it on Imports themselves.
Therefore allowing them to Build up the National Industry and Economy without causing massive Inflation.
This is also why China is Lying about this. Because many Governments in the West are Worried exactly about this. Because they See China is Building up Rapidly and alot of their Money is moving into Building up China rather than into Building up their own Countries.
So the higher the Chinese Trade Surplus is. The more likely these Countries are to enact Countermeasures.
Much better explanation than this video.
This is a very simplistic approach to bilateral trade balance. As the example if we buy Chinese goods from Mexico at same value
Instead of all profit go to China, some go to Mexico,
Even in the end the us trade balance is the same. It make us allies better of in the end
0:18 Foxconn is a Taiwanese company
No. It's the company of the democratic rebublic of china. 🙃
Yeah but Foxconn city that produces is in China. But most of it have moved to India and rest will follow the next 3 years
The current economic system seems quite fudged up. You need prices to constantly increase, "trade surplus means the country should be importing more" - everything seems to be centered around getting people to spend more. A trade surplus could also mean you have more money to spend on healthcare, education, social services and the like. Not saying China does it, it's just the expectation that seems weird to me.
Source ? Proof ?
I like how you use the word 'understating' rather than simply 'lying'.
@ArawnOfAnnwn Well said
"Will westerners automatically jump to the worst conclusions about ANY country they don't identify or align with?"
"Yes."
So this is the April Fools upload?
Niche, but excellent video! Thank you!
😂Is china lying ?"
Yes
"Do you have proof?"
🤐🤐🤐🤐
@@user-xp7nk9dw8d Yes, we have proof. Next?
When did Apple Park relocate to central Canada?
I agree China has surplus! Unsold cheap low quality EV's surplus. Surplus of unemployed people! Surplus of apartments in the ghost cities!😂😂😂
In two years, you'll see Mexicans driving Chinese electric cars to the United States. You will see that the quality of Chinese cars is not bad.
thats not EVs, thats roadmobile IEDs waiting to explode
Source ,m proof ???
Then why are most usa companies firing people ?
Why no one can afford anything in usa ?
U talk alot but got defeated by me
@@KomenJolokia-cd4npThat's racism
Who decided who is friendly
Is israel the genocide nation friendship ? 😂😂😂😂
Usa owes china trillions .
Plz try opening with friendly nations
Latin america will kick u out
Africa will definitely kick u out
Central asia already Hates usa
Middle East will kick usa out
Now what do u have ? 😂😂😂
Given China’s large trade surplus, you should have evaluated the causes of that surplus, which you failed to do. China’s trade surplus is caused in part by its unfair trade practices, which Trump was trying to address, so your vague criticism of him in that regard was unjustified.
The main reason China has a surplus comes down to the fact that its people do not have enough money to buy western imports. Obviously in big tier 1 China cities they can but the rest (majority) of China cannot.
The CCP were thinking of trying to move China into a more service (developed) related economy but it’s practically impossible due to low disposable incomes. Hence why the CCP wants to continue and focus on exporting.
The West has lost patience with China though and I doubt this will improve. We are diversifying so as to Xi doesn’t think he’s some emperor (with western manufacturers) in the “Middle Kingdom.”
The global south will not save the CCP either as those customers are not as better off as your original western customers.
This was bound to happen anyways. I was getting so annoyed with the CCP acting like they were a superpower whilst being reliant on the West. I’ve never known a country like China get its ass wiped by the West for so long.
@@AndyMitch-ec5iy Even for Western brand products made within China they get unfair treatment.
@@100c0c as of recently yes. You seem to be forgetting the past 30/40 years though.
The only reason why this is happening now is because the CCP knows companies like Tesla and Apple will diversify away from China. Plus others. Many have already begun diversifying. Unfair treatment does also include copying technology from foreign companies so then they can “pretend” they have innovated / created something.
Most Chinese don’t care about western imports. There are high end Chinese stuff that we never heard of. Just look at their infrastructure and space station. They sell us the garbage because that’s all we want and can afford.@@AndyMitch-ec5iy
@keanphenglim5179 CCP China has over 600 million people living on around $100 a month. Li Keqiang openly admitted it. What’s worrying is how many people live just below and above that figure.
Are you not aware of CCP Chinas debt ? Didn’t you see the news on the property sector ? Government, private and commercial debt in CCP China is way too high and beyond repayable.
The wealth of the actual Chinese in comparison to Americans is only at around 20 %.
Since your VPN is working I suggest you Google which country is being the bully in Asia these days. Baidu search would be limited ;)
Think before you comment.
Neat
7:10 is it actually a footage from Cities Skylines ? :) nice
Anglo-saxon countries: China, you are lying about your trade surplus.
China: We learnt from the best in the world
Anglo-saxon countries:
Oh look ! A wumao ! Never would have thought. You make it too obvious with “Anglo-Saxon.” The truth is it’s only in your country China you have this weird ideology that “races” of people determine the future. It’s a very fascist way of thinking and very 1800s. Evolution happened in the West fortunately so we don’t have that mindset.
Turn your VPN off and get back to planning your wet dream of “Han Chinese” supremacy lol.
And if that grammar is any indication, that would explain why China is in the situation that they’re in now 😂😂😂
@@AndyMitch-ec5iyoh look a bumao
China is facing issues at 5.2% growth but usa is robust growth at 1.9% 😂😂😂 sure kid
@@user-xp7nk9dw8d 😂😂 You and your 5%….
Not one person in the world believes you are growing at 5%. Are you aware you’ve experienced the biggest property sector crash in this century ? Zero to negative FDI, western manufacturing de-risking from CCP China and to top it off you are experiencing deflation.
Only the IMF believes your figures because they have to report what you report to them. More ass wiping lol
What makes me laugh is that you study English - yet you hate the West. You also illegally download a VPN to access a banned western social media platform called UA-cam.
Do you not think you look and act a tad weird ?
@@VinceroAlpha wt situation are they in now?😂
USA has higher GDP par capita then Germany but USA has a huge Trade deficit While Germany has huge trade surplus🤔
Well USA exports much more technology and services than Germany.
All tech giants are situated in US afterall.
The USA has a little less to worry about because it owns the global reserve currency (USD).
@@aritragupta4182But USA should have a trade surplus as It is more productive economy
You forgot the USA has trade with other countries, and how small is germany's trade volume compared to USA's by the numbers.
Because Germany is manufacturing hub especially of auto mobiles and usa is not. Even Germany would be running deficit as things are going
Are you sure that "all has changed"? Have you checked statistics regarding trade between China and the EU, USA etc during the last 5 years compared to 10 or 15 years before?
Appear strong when weak, appear weak when strong
Everyone is talking about western dependence on China for manufacturing but no one is talking about China's dependence on the US for demand. If the US flat out bans China imports by way of an embargo, China would lose millions of jobs. Those workers who lose their jobs wouldn't be able to spend in the Chinese domestic economy, causing a second round of job losses. Add in the other surplus countries like Germany, who is laughably dependent on selling equipment to China. Then Germany loses jobs and sees a decline that in turn means Germany imports less from China, and so on. All this talk about trade seems to miss the point that as the "consumer of last resort" the US is essentially propping up all these export oriented countries by absorbing their exports. If we start pursuing a policy of bringing manufacturing jobs back to America via a combination of higher tariffs and embargoes then most of the rest of the world would be plunged into at best a massive recession and more likely a catastrophic depression that would take them years to work their way out of. China and many other export oriented countries should be trying to improve their domestic consumption not to appease Donald Trump, but to reduce THEIR dependence on the US market and secure their ability to fund and grow their economies on their own.
why doesn't US do it?
@@MrJermsonWTO
And what happens to the US? Who pay for the import tariff and with what money when 78% of Americans household live paycheck to paycheck?
@@MrJermson you want instant ww3?
Do you know how many people lost their jobs in other countries, just because of cheap China production? Why should world care about china?
People with simplistic minds like Trump will always latch on to simple facts or simple statistics because it allows them to feel like they understand a topic even if they ignore the complex moving parts that actual scientists study.
Studies such as?
The only thing Trump was right in any meaningful way was his China policy.
Typical Dem. Save us with your immense intellect... or you can temper the superiority complex. That's probably not going to happen is it?
The only thing coming from Trump that was right in any meaningful way is his China policy.
Why are this comment deleted, youtube? I just said this here before...
There is no "trade balance" in the way you are describing it. "Trade balance" is mainly a statistical term that reflects how much is traded between countries or regions. But there is no "balanced" nor "unbalanced" trade since trade is a result of different factors and interactions done in complex and ponente ways.
Is china lying ?"
Yes
"Do you have proof?"
🤐🤐🤐🤐
It is good that you are mentioning misconceptions about trade surplus, but you should also check your own statements.
first (yes i know this is boring but it’s hard to not write this)
I feel you. When you're first, you're first.
Except your comment is second from the bottom when you sort the comments by newest, meaning you're actually second. Sorry, better luck next time!
I'd rather they lie about their trade and economy etc than standing up and bullshitting about how they winning wars in Ukraine and the ME...😂😂
So it's gdp figures might not be fake afterall just the components could be off
They aren't
How can a country be a manufacturing giant, but still be classified as a "developing nation" with the UN, thereby not having to pay shipping costs on exported goods???
China pays shipping costs.
In fact, ALL countries pay for shipping costs (unless of course you own the ship).
That is the reason why BYD is building 7 (or is it 6?) new cargo ships. One is already delivered.
@@ChinaSongsCollection thats not what she meant, she's questioning wht its cheaper to ship goods from china than within their own countries (canada for example, search it)
My Chinese made iPhone does not want to load this video
Finally, someone accurately explaining trade surpluses.
😂China is facing issues at 5.2% growth but usa is robust growth at 1.9% 😂😂😂 sure kid
Source: Michael Pettis
GDP is Grossly Distorted Propaganda
What is NDP, Net Domestic Product?
The economics profession ignores the depreciation of durable consumer goods like automobiles, refrigerators and air conditioners. Machines wear out and the Laws of Physics cannot tell the difference between a capital good and a consumer good. But since economists ignore the depreciation of all consumer goods it makes no difference whether it is an air conditioner or a banana.
So economists cannot tell us the data on the annual depreciation of automobiles purchased by American consumers since Sputnik. Has planned obsolescence been happening in automobiles since the 1950s? Economists cannot figure it out.
Why not have mandatory accounting in high school?
Why hasn't it been done since Sputnik?
This is a good way to lower the inflation?
Maybe it's just a habit at this point.
Question should been: “what isn’t China lying about”
Ok
Better question
Where is proof ?
Nice cope 😂
You kinda roundabout mentioned it but trade surplus only applies to the current account balance. If you’re running a current account surplus in this case trade surplus you’ll have a Financial account deficit. This specific issue also partially caused NAFTA to be renegotiated so that we could avoid roundabout trade. But in reality trade surplus really doesn’t matter to much in the US it’s a highly misunderstood issue and if you cover a topic similar you should fully explore the current account vs financial account balance its very interesting.
It really is striking just how much Xi's Tough Guy routine has backfired.
@keanphenglim5179 Many thanks for your input, Chinese bot. I will take it into consideration.
@keanphenglim5179 You really need to get better at this before your handler gets mad at you. You can't just jump into a whataboutism without some sort of segue. There's no natural link between Xi tripping over his own dick on foreign policy and US homelessness, especially on a British channel. Go talk to some Russian trolls, they're way better at it than the Chinese ones.
😂😂😂That's racism
Who decided who is friendly
Is israel the genocide nation friendship ? 😂😂😂😂
Usa owes china trillions .
Plz try opening with friendly nations
Latin america will kick u out
Africa will definitely kick u out
Central asia already Hates usa
Middle East will kick usa out
Now what do u have ? 😂😂😂
@@iainawatson no issue cia bot
WASHINGTON (Reuters) - Two years into office, President Donald Trump authorised the Central Intelligence Agency to launch a clandestine campaign on Chinese social media aimed at turning public opinion in China against its government, according to former US officials with direct knowledge of the highly classified operation.
Three former officials told Reuters that the CIA created a small team of operatives who used bogus internet identities to spread negative narratives about Xi Jinping’s government while leaking disparaging intelligence to overseas news outlets. The effort, which began in 2019, has not been previously reported.
The USA has to borrow 2 trillion a year
China has a 820 billion plus trade surplus with the world per year
Will you cover whether France will follow Germany in its cannabis legislation please
But it is even more likely that it is overstated. This is the thing with a state full of lies. We are also moving into that direction step by step. Sadly...
The most important and most visible and maybe most important factor is the production output. THAT number is constantly decreasing with mostly state owned companies making profit.
Is (insert a country name) lying about (insert anything)? Yes
... Girl.
Why would Germany buy inferior products from abroad? Sure, nice ham and cheese, but high ticket items like cars, manufacturing lines etc? Nope, your thinking leaks.
Bcz Germany is not at chinese level
Germany makes inferior stuff
U trade with china then it's a 2 eay street
I just got like 8 items on Temu for $40, impossibly cheap goods 😂
Persistent trade surpluses put deflationary pressure on a country's currency. Chinese exports have to be paid in yuan by foreign countries, increasing demand for yuan on international markets, appreciating its value relative to the dollar/euro. The more expensive yuan then makes chinese exports less competitive relative to ones sold in the cheaper dollar/euro and in the long run the trade surplus should decrease and return to equilibrium. Chinese policy makers have understated trade surplus data and used monetary policy to artificially devalue their currency to keep their exports competitively priced for a decade plus now. This allows the export led growth to continue but at the cost of the Chinese consumer who's domestic prices for foreign goods is artificially high. The whole scheme is just a way to effectively have an import tariff without the political fallout from implementing a formal one and avoid trade war retaliation.
dont take anybodys word on this. just wait for the whole spin drying process to complete itself
Tiannamen square didnt happen.
"Economists and politicians" often do not like trade deficits because they do not understand the economy and global trade or because they want to get votes by promising protectionist, nationalist, and privileged actions for certain interest groups and businesses. The reality is not that trade surplus = good and trade deficit = bad. An economically poor country such as Bangladesh can have more trade surplus than an economically rich country such as the USA. Also, it would be impossible for every country to have a statistical trade surplus, just as not every city or village in the UK can have a trade surplus.
So it's CCP export #s vs our import ones 😂😂😂
@TLDR, your report is very objective, so please use CPC instead of CCP to increase your credibility.
China Crisis sings Wishful thinking a big hit
I don't get the joke.
He's making fun of the fact that China lies about Absolutely Everything, as a matter of course, in a kind of tongue in cheek sort of way.
Hope that helps.
Remember.
It's APRIL FOOLS DAY!
Well , just look at the goods around you , i belived many of those was made in China , i hardly find any goods made in America Except the chips in my computers and phone .
It's CPC and not CCP
When will they give us a video about the CCP being truthful about ANYTHING? ANSWER: NEVER!!!!!😂
@keanphenglim5179 And things are even worse in the CCP. On top of that, they won't admit to China's epic homeless problem. No US government, Republican or Democratic, has ever been stupid enough to try to hide it.
"Is China lying..." yes.
" Is teelo lyi "
Yes 😂
US always lies
Ok name one statistic that China does not lie about (outside of what is practically impossible to lie about)?
Is technically not dependence on China, but trade with China.
Is china lying ?"
Yes
"Do you have proof?"
🤐🤐🤐🤐
8:55 8:56
It’s no mistake … helps to hide trade between China and Russia and few other players around, while also reducing the risk for anxiety by Western countries, namely US
"Bilateral trade doesn't matter" I get what your putting forward there but that not strictly true when you look outside a purely economic view point
Hard disagree on bilateral trade balances not mattering. It matters a lot based on what that bilateral trade balance represents.
For example, it matters quite a lot when you have a large trade deficit with a country that hates your way of life ideologically (they *are* literally communist) and regularly manipulates its currency exchange rate relative to your own in order to undercut your domestic industries with cheap imports. China was found to be doing this in recent years, IN ADDITION to becoming a partner for hostile nations like Iran and Russia to circumvent sanctions.
Trade balances between likeminded or friendly nations, I would agree don’t really matter as long as the comparative advantage means trade benefits both.
@keanphenglim5179The average American has a better standard of living than practically anywhere else in the world. Hence why despite people like you being keyboard warriors trying to slander us at every step, people flock to us for a better life.
So while we (not you) complain about not having more spending money after our bills are paid, we’re still much better off than at least 80% of China’s population, if not the rest of the world entirely.
And if you want to talk about bullying other countries and debt, I’ll happily criticize our government’s shady behavior once you do the same for the CCP and Russia.
Very interesting. It may also in part be to do with concealing their levels of assistance to Russia and North Korea.
What are "Western anxieties"? Those anxieties are mainly among certain politicians and interest groups, such as the German car industry, famous for demanding special treatment, subsidies, and protections. While it is true that China is doing similar things, there is a gap between rhetoric and actions. For example, in the EU, politicians, including Ursula VDL, communicate about "strategic autonomy," which in practice becomes a false narrative and false sense of reality. Because the dependence is not between countries but between individuals as in China and Europe
Whoever makes your thumbnails, you're paying them too much.
What really matters is that your national economy is sustainable, not by ecological sense (is the last thing to do) but as a financial (good "contracts" for infrastructure, education and health) and social sense (work absorption, rising productivity and rising consumption)
Makes no sense for a nation to hide a lack of competitiveness in services and products with monetary and/or financial tricks to make other people believe you are really good in what you export (both USA and China are guilty of this)
Because in the long turn you kill your reputation, we are in that stage right now...
"....Trump.....(forgets to mention wuhan)...China surplus...."
America has no problem with trade deficits. Work your butt off to produce your stuff and I will just give you something slightly better than Monopoly money….better quality prints.
Advertising the whole time, more Advertising then talking about the news 🙄