The Economy of Modern Day China
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- Опубліковано 11 чер 2024
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China has come along way.
As of the time of this writing, the communist country is the second-largest economy in the world and looks poised to reclaim its title as the world's largest economy within the next century.
So without further ado, let's explore modern-day china and see how it has transformed from a half-crippled state into the economic superpower we know today.
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📚 Want to learn more about the economy of China? We recommend reading "China's Economy: What Everyone Needs to Know", by Arthur Kroeber
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#Economics #China #Trade
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Sources & Citations -
Nee, V., 1992. Organizational dynamics of market transition: Hybrid forms, property rights, and mixed economy in China. Administrative science quarterly
Chai, J.C., 1998. China: Transition to a market economy. OUP Catalogue
The annual data of China's GDP published on China NBS: National data - annual - national accounts - Cross Domestic Product Archived 14 June 2018
Chi-Yun, C.H.E.N., 2005. Han Dynasty China: Economy, Society, and State Power--A Review of Cho-Yun Hsu, Han Agriculture: The Formation of Early Chinese Agrarian Economy
Cheung, Y.W., Lai, K.S., and Bergman, M., 2004. Dissecting the PPP puzzle: the unconventional roles of the nominal exchange rate and price adjustments. Journal of International Economics
Schurmann, F., 1973. Ideology and organization in communist China. Univ of California Press
Chang, J.K., 1969. Industrial Development in Pre-Communist China: A Quantitative Analysis. Aldine Publishing Company
Peng, X., 1987. of the Great Leap Forward in China’s Provinces. Population and development review
Li, W., and Yang, D.T., 2005. The great leap forward: Anatomy of a central planning disaster. Journal of Political Economy
Bachman, D., and Bachman, D.M., 2006. Bureaucracy, economy, and leadership in China: The institutional origins of the Great Leap Forward. Cambridge University Press
Chen, Y., 2009. Cold War competition and food production in China, 1957-1962. Agricultural history
Mastel, G., 2016. The Rise of the Chinese Economy: The Middle Kingdom Emerges: The Middle Kingdom Emerges. Routledge.
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Can you do a series on the Martian Economy. I know it's a strange request but we need inclusion, the Martians are't included in anything.
"China went from a country barely able to feed itself to the world's second largest economy in less time than the Simpsons has been on air." That is crazy.
Proximus stolen technology and espionage.
@@lance8080 Shut up mate. Hate the Chinese government or don't, you can't deny that they have done wonders for the economy. Strangely enough, you can't have the 2nd biggest economy in the world with just pure espionage.
@@jejo874 still, you can't deny that stolen technology and espionage does help China a ton.
@@nestword5654 stolen technology and espionage help every country a ton.
e: grammar
@@jejo874 so????
you admitted yourself that stolen technology and espionage does help China a ton then?
Also, no country use stolen technology and espionage as much as China lol. So it helps China more than any other country.
I dare you to do the economy of Greece next. That would be a nightmare, but pretty entertaining nonetheless.
Probably impossible to figure out completely online. Either get an interview or find newspapers
@@markm0000 why ?
*_"It's my money and I need it now!"_*
EU: *_"S H U T T H E F U C K U P !"_*
That would be very interesting, but I have to tell you Greece is not as special as you think. To give you a rough idea, the damage was mostly done by ignorent people that elected corrupt/socialist and borderline traitorous governments that increased government spending, using it to create votes and support, not economic growth, while ignoring the incredible economic potential that the eurozone and european union brought (amongst many others )
Greece has pretty much recovered since but a lot of damage remains.
@@John_winston The problem with the Greek economy is that it's very informal. Meaning people don't declare their income and thus what the GDP and other economic numbers are on paper are completely different from reality. Thus it's impossible to look at statistics and numbers online and make a realistic analysis of the Greek economy.
"Doesn't matter if it is a white cat or a black cat, as long it catches mice, it is a good cat" - Deng XP
Also called pragmatism.
@@meandmetoo8436 cat: eats mice but attacks people and has rabies
Me: yup. Good cat pragmatists
@@kyrlics6515 I'm talking about the quote bot the cat.
"Also. As long as we can eat it, it is a good cat."
@VG TTVnoobyYT and historically accurrate
Reminds me of the Onion video 'Understanding China', which described it as "a communist nation which is somehow even more obscenely capitalist than our own."
*grotesquely capitalist
@Shawn Li they have so many regulations that they had to ban popular websites
@Shawn Li india didn't tiktok out of economic policy. It was just mostly a political move to cater to the popular opinion.
based
@Anurag Chakraborty If you read Engels and Lenin, you see that "State Capitalism" is a necessary phase that presupposes "actual" Socialism. What China is doing is like an enlargement of what the USSR was doing under the NEP, that is developing productive forces. They opened to the world in order to acquire its technologies and research. That implies having a system oriented to foreign relationship. Still, a communist party guides the government and does what is necessary to redistribute and make sure no one steps out of line.
09:58 "People were allowed to buy real estate". Yes and no. You can buy buildings in China, but land can only be leased, it's 100% state owned.
I think that just how buying land works. In the US, you buy land, but the land is subject to property taxes and it's part of US/state soil.
@@garmenlin5990 think about it like this, in china you buy the land from the government. In the USA you buy it from an individual.
@@harrytyre3765 Except a individual can not send you to a re-education camp for taking a photo.
@@garmenlin5990 Property taxes in US are to cover costs of services surrounding the region. It is not the same as land belonging to the state in China. :-)
Bien Nho no... you can’t just stop paying property taxes. They will seize your land.
This is an excellent video, showing a deeper understanding of China than the typical superficial news report. One detail though: the first four SEZ Special Economic Zone were Shenzhen, which has been wildly successful, Xiamen, which is still prosperous, and Shantou plus Zhuhai. Shanghai and Beijing were not on the original list. One can admire the success of Shenzhen (largely due to its connection with Hong Kong) and Xiamen (largely due to its connection with Taiwan), and balance it with Shantou and Zhuhai.
I don’t get the sense that he was criticizing China, but perhaps he was? I get the sense that he tried to present good background information that is sorely lacking in today’s soundbite news, propaganda, and disinformation campaigns. People in China has largely lifted themselves out of poverty, in numbers that is unprecedented in human history, without relying on foreign handout, and that is absolutely a good thing. But China is still relying on a 19th Century ideology, namely communism/authoritarianism, that is incompatible with modern day western democracies. Which system will prevail? This is something that will play out in the next few decades.
@Christian B. And why is it important to realise that? We accept criticism as long as it's not a made up claim or a straight forward insult.
@@korich7152 China has long abandoned pure communism, it's under socialism with Chinese characteristics (ie. some advantageous features of capitalism). In fact, no successful country in the world was built on democracy. There are some very interesting debates on this topic by Intelligence Squared if you wanted to check out.
@@korich7152: According to America's most famous psychic Edgar Cayce, he prophesied 70+ years ago that China will be the cradle for Christianity and evolve to a democracy to lead the earth to a peaceful world civilization: www.edgarcayce.org/the-readings/ancient-mysteries/seven-prophecies-yet-to-come/ ; ua-cam.com/video/aK559_ZuQH8/v-deo.html
There are those who believe China is no longer a communist country, which means these people were not thoroughly subscribing to the party line, which always emphasize the supremacy and greatness of the party. Whatever these people want to call it, structurally the system in China is still authoritarian, with the boss calling all the shots.
Those that doubt whether Marxist-Leninist economics is even feasible has obviously not studied the history of the Soviet Union nor Nazi Germany, nor present day Cuba. It is feasible, but it does not work well.
As for those that claim "no successful country in the world was built on democracy", I would say there are plenty of failed countries, past and present, which did not have democracy either in form or essence. While democracy is not perfect, it is better than all other systems out there. You should be thankful that hopefully you live in a society where freedom of speech is honored and guaranteed, instead of having some big brothers having the power and right to veto and limit your thoughts and communications.
Can we get a video going into the details of the internet's effect on economies?
Data is the new oil
Amazon
Try to live without Internet for a few months and you will know the effects.
"Hong Kong which was kind of its own economic zone at this point"
It was literally a part of the United Kingdom back then...
The Devil's Advocate And heavily influenced by mainland. So yeah, it was a China economic zone.
Hong Kong was a British Dependent Territory of the United Kingdom. However they had (and still have) their own currency, the Hong Kong Dollar.
Yeah, but the Brits refused to give them an equal passport with the rest of the UK. So they were second class UK citizens because they were yellow.
@@tydalm.9665 What are you trying to say wih HK in regards to having their own currency? Are you saying European countries part of the EU using the Euro arent independent or have their own economy?
@@yerri5567
I'm not "trying" to say anyting, I wrote two sentences, which have some sort of relevance to the comment made by OP. If you can't figure out why having an own currency has atleast some relevance regarding the expression "kind of its own economic zone", I'm really sorry. Maybe my two sentences haven't been meant for you then.
"All men are born equal, except me ofc"
"All animals are equal, but some are more equal than others" Animal farm
All men are not born equal, some people are just better than others
Yiu believe the lie that all men are born equal?
All men are created equal … that's what Christian talking about.
All men are born equal… that's like socialism somehow.
He said All men are created equal when women were not allowed to participate politics and African Americans were bearly called Humans. Dude, Black lives matter and all lives matter.
China should be thankful to know there is a small south eastern country with a similar demographic makeup and an autocratic political system, Yeah, it's Singapore, China has learned a lot from Singapore in terms of governance, the successful story of Singapore even today also strengthens up Chinese government's confidence in building China into a good though crowded place to live.
ive visited and read about singapore and its pretty amazing
Singapore received much help from Taiwan in its beginning.
@@lucioagelvis2134 Yes I've read the history
Lucio Agelvis and Israel. Singapore received initial military assistance from Israel, the two countries still have good ties.
Exactly
13:22 EU4 players' heartbeat went up.
John Wick +20% trade efficiency modifiers give me an orgasm every time
moyu man economic idea group
Deng Xiaoping 6/6/3
I am Russian and I admire China's economic success. They were able to pull their country out of a hellhole while we headed our country into it. They have achieved so much in the last 20 years and they are only getting richer. Long live China!
Love the final thoughts comparing Japan to China. It is realistic and positive in a way that China still need to do better to uphold its world stage.
Terrific!Just loved this series, it is so easy to understand!
I've been learning to speak Chinese recently; I can confidently say it's been the rewarding experience of my life
It's like discovering a whole new world of culture and history
My wife is on Duo Lingo doing the same thing. Given the shifting economic landscape in the world I think anyone under 30 would do well to pick up Mandarin.
@@CarFreeSegnitz massive yuck
It's a good idea. I've been doing the same with Chinese and Spanish, and with English I can converse with 3 of the most spoken languages in the world. It's fun.
Good for you! I studied Mandarin a few years ago as a hobby and it really made me view languages in a different way.
加油！I'm also learning French and Japanese.
If you have a chance, you should read more about Zhao Ziyang, who was the real engineer of China’s reforming and opening up, but he was off-office in 1989 after the Tiananmen event
Dont forget hu yaobang
The worst thing is there are people working for the gov on AI and other technologies that threaten privacy. And they are aware of it but prefer money over the future of everyone else in the country.
Hmmm... Interesting. Who were among his cohort? I'm assuming Zhao was both an intellectual and a statesman. I'd like to read from their writing or writings about them, if they exist.
@@Flamenc0 No, chinese people have another kind of idea when it comes to privacy, and it's absolutely not equal to the western individualism kind of privacy. They're really sure that these AI technologies, face recognition and other kind of surveillances are there for their safety, and that's why the crime rate is low even though they have a 1.4billion population.
@@Flamenc0 yeah, that was in better hands with the NSA...
It would be great if multipart series were labeled with the parts on them. Love these videos.
Little disappointed you didn't mention Township and Villager Enterprises, which dominated the Chinese economy in the 80s and 90s. One of the biggest is the Huaxi TVE, which was (and maybe still is) the richest village in China. Cheng Li wrote a great piece about them called "Is a Rich Man happier than a Free Man?" A fascinating and great read, if you can get your hands on it.
Love your videos! Could you mention the year each event happened more often, just for reference? Stability = a good economy, hot take.
Gonna open this video in few hours to look at the coronavirus jokes.
Theres quite alot already
Please come back
It’ll probably spread quickly
They're so funny, I *died* laughing
It's just the same jokes rehashed over and over. Was funny but now it's just stale af
I really love your videos. Specially this one. Would you create another video discussing the implementation of the current China economy in countries like Cuba, which is smaller in population and land, but also sort of communist with one ruling party?
First he's said china give up on government-planned economy and this why it's successful .. then at the end of the video he says it's still a government-planned economy.
China is a mixed economy (public-private partnership)
pretty much all economies are mixed, its just a matter of degree
@@mxn1948 Yup
China’s growth on the world economy is the “one of the greatest achievements in world history”. The poverty rate went from 88% to less than 1% and life expectancy increase by more than 10 years. And many more achievement can be added.
Also China has the longest continuous history of any country in the world-3,500 years of written history.
india has even longer
@@monarch3724 India has been a toilet for longer
And all achieved thru own hard work, not colonizing, waging illegals war, steal pollage...etc
Hats off to China, Chinese and their Leadership for such an amazing accomplishment 👍👍💪💪
@@monarch3724 I don't think India before the Aryan conquor is the same India after.
With your logic, Egypt and and Iraq should be the longest.
@@zeflute4586 there is no such thing as aryan theory.
The same people who lived in indus valley civilization moved to gangetic plains established cities like varanasi & now live throughout india. Except the skin color all the facial features of all mainland indians is exactly the same.
The same bangles found in indus Valley civilization is still wore by women in india , the same shiva god is still worshipped.
So yeah india is oldest surviving civilization on earth.
Hahaha, nice subtle shot at Paul Krugman
Pls do a video on export led industrialization policies of tiger economies like south korea,Taiwan,Singapore, Hong Kong in the 50s and 60s
Please do one about Brazil. Thank you for this channel, it is great!
Please cover current economic slowdown in india
It is on the plan for sure :)
Economics Explained can u make a video on brexit and how it could lead to the uk thriving or stagnating in the future
Thanks for replying.. been a loyal fan...love watching your videos and analysis... This channel deserves a million subs,hope you get there soon.
Please do Botswana's economy next
"Best comeback ever"
Did you watch Liverpool pull back 4 goals in the 2019 Champions League semi?!
Such a nightmare for me
Or the All Blacks against Ireland at Chicago Park....yeah
Nah, did you see the miracle of istambul?
Hahaha my exact thoughts upon seeing that thumbnail.
YNWA
@@grimmortal lol I'm a utd fun, buts it's just straight facts
You have no idea how long I have waited for this video.
vvery very very good well explained video!
Can you please do a video on Brexit since the UK just officially left, mentioning the trade negotiations and speculate over possible outcomes.
It would also be great of you could do an episode on family offices, hedge funds and other similar investment vehicles.
Love the channel
10:40 Wise freaking words!
Capitalism intensifies
Sounds like capitalism with extra steps.
Brilliant analysis of an extremely difficult subject
Do Mexico next, please. It would be really interesting to hear your thoughts on the Mexican Miracle and on the subsecuent economic downfalls and particularly right now with the change of policies enacted by the current government
Mexico basically fell into the classic resource trap. The country failed to diversify its economy and when oil prices fell, the economy crash.
The interesting political question is not "is China socialist, state capitalist, or just capitalist." The question is "will China liberalize or use its newfound wealth to build up a new socialist economy.
Best comment. Answer is probably a little bit of both.
China is effectively a capitalist authoritarian democracy
@Nathan Hoffman bro I don’t think you know what authoritarian democracy means
@Nathan Hoffman “Authoritarian democracy is a form of democracy directed by a ruling elite of an authoritarian state that seeks to represent the different interests of society. Authoritarian democracy has also been called "organic democracy" by some proponents.”
@Nathan Hoffman well unfortunately you don’t get to decide, the first democracies in the world were authoritarian democracies lol
I can't think of a better time for this video..
Good timing
Do the ex Yugoslavia countries next! Btw love ur vids bro
Impressive! Fourty two seconds and already 18 views! Look forward to watching the video!
The impossible trinity? Where was it? :(
China: don't call it a comeback! I've been here for years
? It is a comeback
thats exactly why its a comeback
*Centuries
Centuries
that's a comeback
Hey EE. Could you make a video on the changing economics in this world and it's future. Thanks.
Great video
Finally! The trilogy completed!
Very good that you use references in the description! It's increases the reliability a lot considering how much false "facts" there is on youtube.
Except he doesn't mention which information comes from which source much less chapter. To check if any particular statement is correct in this vid you'll have to read all those sources in full to verify yourself.
I love this channel!
Dude you need to put links to the other videos, I looked for this video for like 5 minutes bcuz pt 2 had no link
Perhaps a Harry Potter economics video next?
spoiler: they don't make no snense (based on my reading of Harry Potter and the Methods of Rationality)
Please do a video on the "south korean" miracle!!
if you made a 5 hours series on the economic history of china, that would make me very happy.
Love your vids mate but there are A LOT of ads on them, especially these older ones. Obviously monetize how you see fit and I'm not about to try and tell an economist how to go about it, but figured id give you a heads up incase UA-cam changed something in the back end. Cheers
Do a video about the economy of the British empire
Grandpa Deng was the Chairman of the Central Military Committee - that is the most powerful post in China and it was because of that that he was recognised as Paramount Leader
A tiny man with the stature of a mountain , perhaps the greatest Chinese leader of all time.
K M Miller haha would u believe some maoists are saying Deng was corrupt and squandered away all of Mao’s economic achievements?😂😂 tbh all 5 PRC paramount leader played their part and did their job; they should all be praised and remembered
Great vid. Listen, I want to know more about China's brand of communism. I'm no Ph.D in economics, though, so could you recomend some introductory literature on the subject? Do je in advance and merry Christmas.
Great series! Whether you like it or not, China is fascinating.
can you do a vid on the economics of deadly viruse, like sars and so forth? thanks.
Just did one this week
Do Vietnam. I am curious about a comparison in similarities and most importantly the differences to China.
I love your videos but I also feel that a rough timeline of the events would help a lot to put things into context with the rest of the world
Amazing China, I am an Indian who stayed and worked in China for 3 years, people are very hard working, kind, friendly and doing their best. I hope they succeed peacefully! Also this century is the Asian century I look forward to it...along with East Asias tigers I hope India also joins the party
8:50 "they needed to produce everything a porn nation needed"
Fap less.
Very mature
What would that be? Toys, tissues, magazines and smartphones?
Almost every nation is a porn nation
I heard poor
0:08 - No, that's Saskatchewan!
@EconomicsExplained
Can you do a 2021 China Economics video?
Good video
The market's free, the people aren't
They have decent freedom
@@derxert521 true but when the government is entitled to take away everything you have whenever they feel like it, it is still hard to feel secure. This is why many wealthy Chinese individuals purchase real estate in western countries and try to get citizenship elsewhere. In the U.S. wealth dictates politics and interestingly it's the exact opposite in China.
No where on the planet can provided your with “freedom”.
*The spelling mistakes in that description are just a meme*
Other than segue, there aren't any spelling mistakes. The only other errors are China in lowercase, and the apostrophe in videos.
I only noticed two. (That's not counting grammar mistakes like China not being capitalized. Only spelling mistakes.)
I have a question: when comparing countries between each other, why are you using nominal GDP? in PPP GDP China is the first economy in the world, by a very far margin, and if i understand correctly, PPP reflects the real volume of the economy beacause it takes inflation into consideration. So it's the real purchasing power of the value of all the national products, right?
And then there's the per capita GDP. How does that work?
I love your videos btw!
@Christian B. What do you mean by artificially inflate? Are you talking about inflation? Because it's the nominal GDP that gets "naturally" inflated trough time, right?
Does anyone know of a video giving in-depth analysis of the economical landscape of China?
All men are created equal. The one statement all governments like to say but never act on.
i don't think the governments with monarchies like to say that.
yeah but then in seriousness I don't think we even have a consensus on the definition of equality yet
Mao tried but failed.guess it’s human nature
All men are created equal, some men are more equal than others
Not true anyway, at least if we're talking about ability.
Try doing an economics on Argentina, even tho i doubt one video will be enough lmao
Please make a video on corruption and if it can make a parallel economy as argued by some
"Hong Kong was its own special economic zone at this point."
Hong Kong was a colonial dictatorship run by the British at this point.
Wasn´t a dictatorship though.
@@jakubvoborsky48 Hong Kong was basically a dictatorship. It was governed mostly by British appointees and businesspeople, with ordinary people holding little to no political power. Where it differed from Mainland China is that it allowed for free enterprise and civil liberties. Given its importance to British trade in Asia, it was also invested into and developed heavily.
"It's all a bit *weed* "
Hi love the video's
Thanks mate :)
I love this video.
"Without Deng Xiaoping there would be no Azur Lane"
Tf, genshin impact too
pubgm
@@cat3784 not as good as the ones mentioned here
China need that kind of rule to be able to bring up everyone together. Never mind about the perceptions of the west. China don't want to be another India.
True
This guy is the best in the game
where can i find the source that contains the information about mao zhedong punishing harder working civilians? i need that for my assingment im not able to find that information on google :/
because its fake and wrong.Mao period does has lots of catastrophic economic policy
，but not this.His video is so nonprofessional and I can hardly watch it
.He also said Japan was “settle” but Japan has lost 20 years and ...now 30 years
Good morning; I haven found your email :(
My name is Guillem and I am a student from Spain.
I have been following you for quite a long time, I love your content.
However, I think that you are missing a huge opportunity without translating your content, at least for the Spanish community.
I write you because I could do it for you, Spanish is my mother language and I could traduce the text and record it in Spanish. Also, I speak French, but I think that it will be better to focus on Spanish first.
If you like my idea I could start translating you one video for free so you see if you like it.
Looking forward to your response
Don't worry; for the past few videos, he's replying to comments. Don't stop commenting on his videos!
Haven't.. and to be formal.. "Have not"
joshtong1234 true
Check the video description, his email is there.
又见赵吹
THE BEST COMEBACK EVER?
Germany: Am I a joke to you?
2nd biggest economy?
BluDC Japan said hold on to my no longer Radioactive Beer 🍺
Tourdo ops it still exports almost as much
indeed it is ... Germany wasn't rebuilt by Germans more like Allies who wanted it to be strong as direct front against Soviets ... imagine if Germany went under Stalin as whole and refuse Marshall plan money. You would see comeback ... back to stone age. Yeah joke.
@Tourdo ops Germany is still the fourth to largest economy in the world, the largest country by population and GDP in the EU, the largest economy in Europe, and one of the premier countries for high-end manufacturing. Few words guarantee quality more than "Made in Germany".
There needs to be a 4th part post covid.
Can you review how the Corona virus affected global economy and trade?
China economic comeback is even more amazing against the backdrop of US, UK, AUSTRALIA economies.
Theres needs to be a part 4 called Coronavirus aftermath
Definitely agree with you the economy will be drawbacks
which will be no more than 20 seconds long -- COVID19 slowed China down for 4 months, that's it, the end.
I'm from the future, the corona virus was not able to stop China
that will be a new series which doesn't include China
What was the percent I need it for online school?
When will be an episode about the asutrian economy??? I think it's fascinating because of their conservative point of view and despite being a relatively small country its second richest country in the EU
@Economics Explained
@Economics Explained
Do the video on Brexit ;)
Best come back ever? That award should be for Germany.
China was the 2nd poorest country in the world in the 60s, 90% of the country was living in poverty. China is the greatest comeback of all time
@@Mike-bt3ki but the German went from having an overinflated currency after WW1 to a dominating power in europe in WW2
they comeback faster and harder than china in my opinion
Danang M. Fauzan China got destroyed several times while invaded by multiple European nations. They lost millions upon millions of people and continued to lose millions from the failed revolutions by Mao. China made better comeback in my opinion.
@@aussieboy4090 But those millions don't mean as much to 1.4 billion people.
Nah. It should be Japan. No other country had two nukes dropped on it and came back to becoming the second largest economy that rivalled the US during the 1980’s.
Can you a video on the economy of TEXAS?
if they can pull it off its an amazing economic system, but it puts a lot of trust in just a few party officials
China: Claims to be communist
Also China: Free Trade
As a long-term expat in China (seventeen years and counting) I have witnessed the transformation. It's been exciting and there's an optimism prevalent in a place where every year is better than the last. It has been interesting to see when local or provincial officials pop up claiming that it's time to recentralize the wealth distribution (i.e. go back to actual communist practices) they either get managed out or worse. When you are the only party in town you have to make sure there aren't any crashers. The CCP is constantly trying to prove to its citizens that they can keep them safe and on the path to continued prosperity.
All they've proven to me is how dangerous and depraved they are.
Although looking forward the continuous prosperity promised only gets more difficult to achieve over time with the looming headwinds of unreversed aging, overleveraged debts, loss of easy profit opportunities, and industrial pollution further reducing the stock of arable land and potable water. However the CPC doesn't tolerate dissent or challenges to its power, but it might have to allow political competition to at least appear like they're the best choice, or risk ruling over an increasingly more suffocated and less productive China if it does survive intact.
It's not obvious right now, but in a couple decades the cracks will become more visible. The question then is will the Party find flexibility to absorb those stresses, or will it double down on hardness and likely get more brittle in the process.
Make a video about Moldova please... I think it's a very interesting country.
Please do Economy of Myanmar!!!🇲🇲
nobody:
Randdom bat-soup in Wu Han: Ima ruin this mans career
Bat soup video of woman was filmed in Palau a pacific island nation 3 years ago Lol
Coronavirus actually comes from snakes
TheSmellyBanana 84 dammit 1% of China, u gave us all a horrible image
@@Mike-bt3ki Proof?
Even ebola came from bats but people still eat them 😤
Talks about Chinese industry - shows a factory in North Korea
History repeats itself, who knew?
Could you do pls pls pls a video about Mexico? Would love to see your take.
Juche Tower is a monument in Pyongyang visible in the picture of "China" @ 4:50... nice try.