Why Economic Inequality is the CCP's Biggest Problem
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- Опубліковано 12 тра 2024
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Despite it's enormous GDP, that wealth isn't shared amongst the population and China is one of the most economically unequal countries in the world. So in this video, we'll discuss the urban-rural divide and why this presents a real problem for the CCP.
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1 - en.wikipedia.org/wiki/List_of...
2 - www.csis.org/analysis/how-ine...
3 - www.worldbank.org/content/dam...
4 - en.wikipedia.org/wiki/Common_...
5 - www.sciencedirect.com/topics/...
6 - www.csis.org/blogs/new-perspe...
7 - open.spotify.com/show/44pekaw...
8 - Invisible China, Scott Rozelle, (2020) 978-0226739526
![[柴犬ASMR]曼玉Manyu&小白Bai 毛发护理Spa asmr](http://i.ytimg.com/vi/0TsXQ7z2Dh4/mqdefault.jpg)
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The main thing I've taken away from this video is that without Frank, Paddy's Pub would have achieved full communism
Hahaha bruuuh
Cuz they have a self sustaining economy
I had to double check the video title to make sure I was watching TLDR
@@mustafahassan9756 and their own currency
@@mustafahassan9756 the idea of a self sustaining economy is history. All economies thrive off of trade and fail when they stop exporting and lower their GNI.
I'm Chinese. I started to find my life was extremely privileged when I noticed there were so many poor people here and totally invisible. They don't use internet like middle-class people to talk about social issues, they don't talk about their situations. Most middle-class people, even though they concern about our society a lot, don't know the existence of those lower class people. If you have the income of the top 10% population, you still feel you're poorer than 60% since you can only see certain people
I think there are various mechanisms by which poorer people are made to feel that their position is solely their fault. This happens in pretty much every society on earth. They're "lazy" "uneducated" etc. Everything but the structural issues which can be explained very clearly on graphs
Yes, you're absolutely right about how people judge things by what they can see. They can't see the bankers, CEOs etc. I had no idea about how the economy of my country worked until after the financial crisis in 2008 and then I began to see how so much of it is rigged.
看来你是富裕阶层了 不知道你哪来的这个观点
看来你是富裕阶层了 不知道你哪来的这个观点
@@user-ox9qq2yy9d 你不管是出国了，还是翻墙看英文媒体，大概能推测你属于富裕阶层了（不是指绝对富裕，是按百分比来看，5%我算做富裕）。
@@OnlineEnglish-wl5rp The educated middle class tends to describe lower classes as lazy and it is so bad here.
But as far as I've seen, people without high education degree have their social circle, and they don't care about education. they are very pragmatic, likely to focus on making money and having fun. They won't spend time on internet to discuss economic situations. Some of them are pretty rich because of family business, so I can't say they're invisible 100% because of they're poor.
I live in shanghai, wealth gap in the city itself is staggering too. Seen one apartment that was a single bedroom with a single hotplate. It had a tiny bathroom with the shower over the toilet. Right outside the apartment was a brand new Porsche. Likely owner of one of the local shops.
"socialism with Chinese characteristics"
I was in Shanghai im 2016 , yes life in clty is expensive , products too. A lot of expensive cars , and other people are working like 18 hours a day for a basic living.
Tho i hadn't seen homeless people living on streets , security is good. Police were surprisingly nice and were helping me when i got lost.
For example in Paris tones of people are living on streets , i was attacked and robbed in Paris.
America "news " will say that in China they hide homeless people or their are in small cities hiden from eye. But its a lie!
I travelled though whole China on trains. From Kazakhstan border Urumchi , small cities , Beijing Shanghai , up to Macau. In small cities i saw a few beggars. In Eu much more people are living on streets.
So i think this metric of flawed.
Perhaps one thing what annoyed in China , is blocking of internet , had to use VPN.
@@Rom2Serge I lived in Shanghai for 7 years, I agree with all this except I also didn't find it expensive to live. It's expensive to buy a house, and it's one of those places where it accommodates people of any budget (if you want to spend $10,000 on a handbag, those shops are there) but a lot of the day to day things like eating out and public transport are crazy cheap. And by eating out I don't just mean street food, I mean you can go to really fancy-looking restaurants and end up paying maybe $15 a head, and they don't accept tips.
@@Rom2Serge China doesn't have many homeless people because of the 1998 housing reforms :)
A rich person made their adult kid work like everyone else, they fit in like everyone else.
Ironically Xinjiang and Tibet has a higher GDP per capita than provinces like Henan (the historical origin of Chinese civilization) and Hebei (province that encircles Beijing) respectively.
North China hasn't been rich since the late 1800s, Henan had so many famines, wars and floods over the centuries that its reputation is the worst in China.
It's not that Xinjiang and Tibet are good places to develop economy, but that they receive more transfer payment from richer coastal areas. Basically the CCP sacrificed these provinces to develop the minority areas. If you look at the countries neighboring Tibet and Xinjiang, their GDP per capita is lower than Tibet and Xinjiang
@@bosporuXinjiang is also wealthier because it has oil
Xinjiang & Tibet are also essentially unpopulated compared to eastern Chinese provinces
@@EroticOnion23Which makes development of GDP even harder
I think it would have been better to explain the Hokou system rather than relegate the explanation to a little bubble. How the system works is actually central to the title of the video and give less time to explaining how GINI is calculated
@@user-ui3rn5gh2zTLDR= too long doesn't read
就是说：太长了，没有读
The longer explanation to piggyback on this, for anyone interested:
China's hukou (户口) or household registration system was designed to grant the govenment greater control over internal migration. When the CCP took power, they had a massive rural population, and the need to rapidly urbanise and industrialise. However, uncontrolled urban sprawl would have placed too much pressure on limited resources, and so the hukou system was introduced.
The system, introduced in 1958, required citizens to register their area of residence with the local authority, and tied their access to services and opportunities to one jurisdiction. This acted as a checking measure on uncontrolled internal migration, and allowed the capabilities of the state to be built up over time.
Concurrently, the danwei (单位）or work unit, was also introduced. During the era of heavy centralised economic planning and control, everyone was required to be a member of a danwei, through which they would receive employment, retirement, healthcare and housing assistance through this entity.
@@jsb1585What would be interesting is a video on the effects of the Hukou system (and the subsequent unofficial cross-provincial migration) on the social systems (Unemployment, pensions, etc), which are supposed to be province-level systems but which require increasing balancing to support the provinces where many people actually worked somewhere else (and hence created economic benefit somewhere else), but then go home after reaching retirement.
They've probably been spending too much time on Brilliant 😆
@@jsb1585 you have a poor history knowledge about household registration system. Actually it was developed by Qin Dynesty.（BC221）The registered residence system has been used until now.
There is an even worse urban rural divide -- the retirement pension system. I'm from Shanghai, my relatives there get 6000-8000 yuan/month ($1000). My wife's parents are farmers from a village in Guanxi province. They each collected about 150 yuan/month ($23). That's not even enough for food, nevermind medicine. My wife and I med in graduate school in the US. I was shocked when we went back to china to get married. Going from Shanghai to rural Guangxi is like going from New York to africa. The village is mostly middleaged or old people working the farms. The rural china is heavily reliant on migrant workers sending money home. The old languish watching the children of migrant workers who went to the cities. Needless to say, we brought her parents to the US as soon as we could.
thanks for sharing
Can also notice richness change with chef wang's videos of restaurants, it really seems like anything that is something like +100 to 200km away from a big city, at least in sichuan, becomes a lot poorer. There is also that south vs north thing, guessing because north is the heavy industrial place, at least, this is what a northern chinese told me.
You're basically as shallow as the author of this video, both seeing the surface of the problem but not analyzing the cause.
There isn't a huge difference between urban and rural pension systems per se, the reason for the difference is the base and year each person joins social security, basically the earlier you join or the more you put in to get a bigger pension. And your comment about $1000 to $23 is a complete fabrication. The gap in retirement pensions in China, even between the richest and poorest places, is not more than double. there is only one province in China where the per capita pension in 2023 is less than $400 per month. That's per capita, but it can't be $23.
23 dollars sounds like some kind of standard for the five guaranteed households, the ones who have no financial income, are old, sick, uninsured, and are the ones who get the subsidy. And even ten years ago, the subsidy for a household wouldn't have been less than $80 a month. Please stop the rumors.
You will not get retirement protection if you are not enrolled in Social Security. But the government is still giving these people coverage, albeit at a low standard, but you have to realize that this is in the face of a population that is larger than the total population of the United States. So you're basically talking out of your ass.
Ok prove it
@@zacksmith5644 Never heard of the hukou (户口) system that separates migrant workers from their children? Never heard of Li Keqiang saying 600 million Chinese people live on less that 1,000 RMB ($150 USD) per month?
china’s mix of over the top recolutionary symbolism and celebrations combined with the rule of technocrats who look and sound like tories is always funny to look at
Are you really comparing the chinese to the tories? 😂😂😂
Labour and tories are the same neoliberal idiots nothing like the chinese
Deng was one of the original neoliberals and plenty in the Tory party admired him
This confounds me to the core. I have some friends who now defend pro-business anti-worker legislation saying that's real 21st communism since it is what China does now. Like I can't even, the current world is too complex to fit our definitions
as it turns out, communism is just fascism with red paint.
@@joadic just because we have definitions for specific things doesnt mean we actually have to do those things.
Eyyyy south africa being the first in something regarding economics
SOUTH AFRICA NUMBER 1!!!
USA
I thought I was the only one bra🥲
@aaamint9981 the third world country that thinks its part of the first world 😉
@@allliquid6320a third world so third it has the worlds largest economy and higher gdp per capita than 95% of the planet
Well done explaining the broadstrokes of the gini coefficient, the graphics really helped me visualize & understand it!
exactly ❤
It was, actually...
Same here! They explained it so badly in secondary school. All I knew was that 0,1 is good and 0,9 is bad and you will never encounter 0 or 1 🤣🤣🤣 Now I feel like I understand it 🙏🏾🙏🏾
“Third most unequal economy in the world, behind just South Africa and Namibia.”
Where did the erroneous data come from？
@@user-ox9qq2yy9d Erroneous data comes from the CCP. The data that shows China is the third most unequal economy in the world comes from a long term longitudinal study by researchers at Peking University.
The study results have been published for many years, but now that foreign media has taken notice, the CCP will undoubtedly shut the study down.
@@user-ox9qq2yy9d actual economists.
@@user-ox9qq2yy9dThird most unequal economy in the world based on data collected as part of a long term longitudinal study conducted by researchers at Peking University.
knowing South Africa and Namibia it a terrible position to trail them, the level of inequality in South Africa is unbelievable, like you can't image it unless you see it
Bro put Anhui and Northern China as rich province
Anhui is OK. Northeast is definitely not rich 🤣
@@dengist8172 idk, northeast feels better off than anhui. neither is prosperous though
@@ChoateGo Recently Anhui doing much better than NE. Anhui is China's electric vehicle base and NE was the old industrial base
@@ChoateGoafaik, Northeast China - or Dongbei - is rather known as "China's Rust Belt", and infamous for organized crimes there
Anhui is doing way better than the rest.
Not because they are great, but because the rest are sh*t.
I've never for a second though the majority of people in China living in prosperity, it's clear to see that it's a few hand-picked cities that are living much better than the rest, a bit like how Russia is today.
If China was modern across the board, their economy would be around 4 times bigger than the US, clearly that isn't the case, so there's still a lot of poverty in China, and just like with Russia, it's easy to show the highlights of regions that are doing well whiles covering over the regions that are doing badly.
China's gdp per capita is lower than Mexico's last I checked. So this doesn't surprise at all either.
They can throw those nice infrastructure pictures at me all the day, but the data says very clearly that the country isn't on par with the west in many aspects yet, and given the economic slowdown, I'm not sure if it will ever be tbh.
@@artonio5887 China's per capita GDP is not even as high as Argentina's, which suffered economic collapse
@@user-xq2kb5lk2j yeah, Like you said, a country so weak that even most of its people are still eating dirt is under siege by the entire Western camp.
I mean, the country was poorer than India 30 years ago. If you really except them to be at OCD levels now, then that'll be utterly ridiculous. They aren't magicians. It's very strange to me when people acknowledge that they've literally had the fastest growth in history but don't seem to realise that it's basically impossible to solve the problem immediately
So uncontrolled capitalism ends with a hugely unequal society? It’s just lucky that countries like the UK have managed to avoid this terrible phenomenon..
Capitalism with no regulation is truly worse than a fully socialist state.
China doesn't have uncontrolled capitalism. It has capitalism under the watchful gaze of a centralized authoritarian regime.
With full communism society would all be equally as poor
"The economy... is in shambles!" Love that you folks also love Sunny!
They probably should have included Gansu province in the bright red section of the thumbnail, considering its the poorest by province by GDP per Capita in China and is nearly bottom on the HDI . (British living in Gansu province)
It’s also the 5th lowest in average number of education years (8.79), after Tibet (6.62!), Guizhou, Qinghai and Yunnan.
(How much of that number however is ‘statistical drag’ as people tend to live for decades after finishing school, is another question.)
How did you post a comment on UA-cam if you live in China?
& Inner Mongolia shouldn’t have been put as poor, their GDP/Capita is higher than most other regions (natural resources)
@@B1_66ERHe broke the law
@@B1_66ER Did you know there are even Chinese UA-camrs i.e. not just comments, but channels that regularly post content? Yes really, and yes from people living in China itself. Some even have thousands of subs. All you need to do is check, rather than regurgitating popular talking points.
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Good explanation og GINI coefficient, and some facts new to me. Kudos.
What I love about this channel is how easy and simple you explain certain topics. The way you explained the gini coefficient was perfect
All due respect, but you're making it sound as if China's poverty is strictly limited to rural areas and everybody moving to cities would solve it.
There's immense poverty within the cities as well. People even feel it faster because prices are higher over there.
HUKOUs from different provinces and cities in China don't offer the same citizenship rights, kind of like passports. So, it's pretty inconsistent when overseas Chinese complain about the discrimination they face abroad while totally ignoring the inequality in citizenship rights caused by the hukou system back in China.
The Chinese abroad in Western countries have far more rights than foreigners do in China. China is an overtly racist society. You cannot establish a proper business there and they are total hypocrites about investment opportunities for foreign companies
The system hasn't been abolished, some cities are just trying to lower the standards. But in China's first-tier cities, the household registration requirements are still much higher than the U.S. green card standards. @Letsthinkaboutit-mb7nn
@@neojaxx Currently, only super big cities with nearly 20 million people, such as Beijing, Shanghai, and Shenzhen, have special restrictions. they will become overcrowded If these cities are not restricted,. Other cities with 90% of the population can easily move their hukou , as long as you work there for a few years or buy a house
Changing the subject, The point is that Chinese people from different regions don't have the same citizenship rights. and Beijing's population has been dropping every year since 2017.@@stunstar4553
Beijing's population has been dropping every year since 2017.@@stunstar4553
„Islands of prosperity in otherwise rural country” that suspiciously sounds like England
Because of the implication...
At 0:30 you stated 2 thirds of Chinese population lived in rural areas. Then later at 4:55, you said 70% lived in urban area. Could you please explain.
I think they should've said that 2/3 of the Chinese population are registered in rural areas, since 35% of the population living in urban areas are migrants from rural areas.
38% of Chinese are rural
:)) his statistics are bullshit
66% vs 70%
its close enough
+1 is the to the fact that 2/3 are registered to be the rural areas while in really it is above 2/3 live in the urban area. The people who are registered as born in the rural area but actually work/live in the urban area are unable to receive benefits tied to the Hukou system which basically says where the province where you are born is responsible for your social benifts
@@Red-Magic 66%in rural vs 70% in urban... please do the math, because I couldn't add those up correctly.
This guy sure knows a lot about China. I hope he visits there before.
What do you think of Hukou?
@@monkeeseemonkeedoo3745Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
I don’t doubt that income and education inequality is severe in China. The problem however with using the Gini coefficient in China is that it’s a relative measure of inequality and doesn’t take into account, for instance, the rate of wealth among groups (say, rural and urban). My point: the rate of income growth in China’s urban areas is higher than in China’s rural areas but both rates are significantly higher than what they were before 1980. As importantly, I suspect that rural residents may be better off - although I’m not sure - because of the possibility of having a job outside of an agriculture one.
So, a better measure for China’s inequality would also measure the rate of change in income between groups. This, I think, would find that China's rural poor are still poor compared with its urban population but are substantially wealthier than they have been in the past 100 years. That is, the rate of income increase is high. This is especially important in regards with the low education standards in rural areas. China’s high school dropouts have a chance at an income that’s substantially higher than a similar group in the past 100 years.
I like the 3 people that you choose from it's always sunny in Philadelphia
Ohh the irony.
There are plenty of videos on this channel about economic inequality in the UK so why are you reacting like that?
@@OnlineEnglish-wl5rp I would guess it's 2 things.
1) western societies aren't based on the idea of equality. Communism is supposed to mean that everyone is equal and shares resources. But they are one of the most unequal counties on the planet.
2) western countries like the UK or canada certainly have in equality issues, but they are nowhere near as bad as china's.
@@ThatGuy-bz2in Lets ignore that the CCP after Deng's capitalist reforms dropped the concept of economic equality in favor of having a not dogshit economy.
@@aiapihud4344 This argument that leans into "China isn't communist!" is so dishonest and a shifting of goal posts. China started off and for the majority of its current state was based upon marxist revolution. It wasn't until after the government caused famines that killed millions of people that Deng realized that it doesnt work and China opened itself to capitalism to fix a lot of issues while still retaining the huge power the CCP holds. All of this inequality is caused by the CCP majorly. The irony is apt
@@aiapihud4344 is the country not communist? Last time I checked it was. It is ironic that they use a political system intended to create an equal society, then tack on an economic system designed to destroy equality. And capitalism, properly managed, can have a certain degree of equality. But they went with the most unequal version of capitalism they could think of.
that is extremely ironic.
我是中国人，我可以作证，你们的分析很正确、很客观
good to see some chinese in these videos, unfortunately the great firewall shields china from the rest of the world so it's uncommon to see you here
你用的是诺德VPN吗？你是如何通过防火长城的？
@@theimmortalemperor3605 VPN有很多厂家，我用的不是诺德
I've heard more about Real Life Lore's brand new series, War Room, which every month winds me through a whole load of ongoing conflicts, to keep me in the loop, than I have heard about anything else this past week.
Your analysis means nothing without figures on the difference of the cost of living between rural and urban areas.
Yup
All the Chinese bots/trolls are out in force 😂
The population in inland areas is small, the natural environment is poor, and the total GDP is very low, which is normal for the whole world. The rich areas in the United States are concentrated in the coastal areas, but the per capita GDP of Tibet, Xinjiang and Inner Mongolia in China is also at a medium level, which is extremely rich compared with neighboring countries. For example, the per capita GDP of Inner Mongolia is ten times that of Mongolia. Tibet's per capita GDP is more than five times that of India.😊
A large portion of that is China spending national funds to suppress those areas. No really, it means they get better education, more services (even if many of those services came out of the book 1984) and they're actively being settled/developed by a Han middle class as opposed to much of the Han countryside which is often ignored. Plus there's a great amount spent in those provinces on security technology and physical security and security staffing, all of which are middle income jobs. Weird, huh?
This is nothing new, pretty much every country in the world is like this with the exception of city states like Monaco, Andorra or Singapore.
In the US, for example, people earn the most if they live in California or New York. If you live in middle US or anywhere between CO and MO I am sure you are earning up to 4x less than people in big cities.
yes
I mean having government system that dictates wether you are forced to become a peasant is wild and hasnt existed in Europe for over a 100 years.
Yes, but in some countries there's an even larger divide, sometimes even massively larger.
@@chrishekman6179 To be fair, it's not like they cannot go to large cities and try to prosper. Millions of them did, just look how packed are their most rich cities.
If the Government was preventing them to do that as well then we can consider it forceful system, with this we really cannot.
@@2SSSR2 Not freely though. The Huco system is a thing in China, and it's a pain in the *ss.
Honestly, costal areas are always more wealthy than inland areas. In every country I believe.
With Xi’s humble upbringing and living amongst these people for years. Would’ve been nice to see how Chinas attempting to tackle this problem. Like their massive infrastructure investments into these rural areas connecting them with the wealthier ones. There’s poorer farming towns with HSR before a single American city has one. While they’re building massive bridges to cut driving times down. The opportunities these give is similar to America building the freeway system
Roads and highways are useless rivers of global warming ashphalt if your can't buy a car. They often make crossing the countryside harder, cause you have to eithier go around or walk on the berm- Just like America's homeless w/o a car.
All the high speed trains NEED thousands of passengers or it runs at a massive loss. Most American cities beyond the coastlines are too far and widespread, with not enough traffic between them to justify huge passanger rail- It's just like rural China! Where's the money to keep them running at such high speeds? Off the backs of Bejing's communters?
All the opportunity in the world doesn't matter if you cannot take advantage of it quickly.
@@nomobobby Not everything needs to be run for profit. How much is lost by operating fire stations and schools? How much money is subsidized in highway construction/maintenance or gas tax relief?
You also don’t need a car to use those bridges, public transportation is a thing for citizens to go into the cities for work.
Americas homeless situation is a separate self imposed issue from lack of affordable housing/greed keeping good homes empty to raise pricing. Fix that injustice and they’ll have opportunities to access the above.
@@ZachLDB No, not everything should be run at a profit, but the net benefit should be higher than the net cost. And especially since people are still expected to pay for more expensive hsr tickets, the investment as a benefit might not be as good compared to just building a normal rail line.
@@ZachLDB It's not about profit, but about sustainable and smart investments. The infrastructure projects were not made to benefit people of rural areas anyway, but to pump the gdp numbers and employ people. Many of those high speed rails are losing a lot of money just to operate, not to mention the loans that went into building them in the first place.
If xi cared about rural areas, he would help the migrant workers of China and reform the Hukou system, there's millions of children of migrant workers unable to go to school, access service, they have no status all because Chinese migrant workers don't have the same rights as non-migrant workers.
@@nomobobbyBased on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
There's a channel called... Little Chinese Everywhere if I'm not mistaken, with travels all over rural China. It's really all over the world, but what caught my attention is Yan's travel in rural China.
While it's mostly a travel channel with light hearted commentary, always with a positive spin on things, the images kinda speak for themselves. Rural China is like stepping into Chinese history. Some of the places she visited looks like it hasn't changed in centuries. The way of life has barely moved the needle. It's zero technology. It would put Amish communities to shame.
And yes, it's all older people who receive money from their kids or grandkids who live in a big city, telling stories of a time when their village had 10x the population it has now.
My family is from such a village. It is quite complicated, but it basically boils down to the simple fact that in the modern global economy, a small farming village has next to no economic value. Measure their activity better and maybe you have a more convincing argument as to why we should invest back in these villages, rather than just leaving them. I think you would be hard pressed to convince people that they MUST remain in such villages forever.
Economic inequality in every country is a problem.
Good video
good video. very informative
Pls what is the gini coefficient of equatorial guinea? 😱🙈
It appears to me as if they have peaked or now firmly in the so-called middle income trap, the problems they face require a radical democratic process which is out of the question.
我想知道你现在进入中等收入了吗？如果你连中等收入都没到，你为什么判断其他十几亿人已经达到顶峰已经进入了中等收入陷阱？你需要的民主是什么？你为什么又觉的不可能？ 我想听听绿色的建议
That’s true for almost every country except USA, Germany, and Canada. Arguably Benelux, Switzerland.
Wealth concentration in the major city, or for huge countries 2-3 cities is very common. Even Russia, UK,
Point is, it’s far worse in China than almost anywhere else. According to the vid, China is the third worst in the world, behind only South Africa and Namibia.
@@yopyop3241caught you
Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
It's worse in usa
@@zacksmith5644 well, that’s just not true. USA has the most geographically distributed wealth of almost any country. I’ll put it this way, if you’re a young professional trying to make a living past middle class you can do that anywhere in this country. That is not the case in most other countries.
Also- you may have misunderstood me- I was not referring to wealth inequality as a whole, I was referring to concentration of wealth in 1-2 major cities cities. Nothing to do with individuals.
In USA you have dozens of cities where you can find incredible wealth and opportunities. That’s not true for the majority of countries, it’s not special to China.
@@ethanemmerich9698 wrong again . Source : world bank official website .
Also go tell that to laid off bankers , game devs , software engineers , hardware devs .
Unlike you , I have actual source
India's Economic Inequality is unmatched. In the Mumbai slums, slum dwellers share the same neighborhood with India’s and Asia's richest man, Mukesh Ambani. Despite being so rich, he did little to help his countrymen, especially those that live just across his mansion. There is an |ndian saying that says "the life of a cow is more valuable than a Dalit/slum dweller." 🤭🤣😂
Bot that joined 1 day ago
@@misterbig9025. Says the bot. Your Indian moderators banned my account permanently because they couldn't handle the facts about India/Indians, thus, I have created a new account. Not going to stop me, Indian bots/moderators.😏🤥🥱
@@misterbig9025. Says the Indian bot who couldn't handle facts.
@@LandgrabbingIndia type-c 🇨🇳 bot, your account is literally 1 day old
@@misterbig9025. Musahar Indian bot.🤭
So biased. China does have welfare programs, they’re not extensive nor have the institutional infrastructure yet to support a country of over 1 billion people, their economy would become far less stable if they instituted any widespread social welfare program that would make a modest dent in their Gini Coefficient. At least they build modern apartments and actually pay poor rural villagers in remote areas to move into them and access decent jobs and China has an over 90% home ownership rate with over 80% outright owning their home and not some bank or lender.
China is on many levels quite ancap
India doesn't have welfare too.But one thing china and indian own their land they dont payed property tax on the land
"their economy would become far less stable if they instituted any widespread social welfare program"
You mean Chinese workers would have a little bit more protection from being sacked if they dared to organise for better wages and conditions. That's the real purpose of no or low unemployment benefit. Quite obviously they have everything they need to make things better for ordinary people there, it's just a question of politics
Why are you talking about bias? Are you Chinese? Why are you always so defensive?
A lot of China’s high home ownership rate is due to homes in China only being privately owned recently. Before, they were owned by the state and handed out, and then ownership were transferred to residents living inside. It’s why almost all countries with the highest home ownership rates have history of communism. Eastern Europe and Russia also ranks extremely high in home ownership for example
You misspelled "based"
The hukou system creates the "Chinese NIMBYs." The first time to hear this, but its very spot on.
The data is too obsolete to support the narrative.
Work harder.
It's so heartwarming that westerners care so much about Chinese wealth inequality, despite themselves having the same problem or worse.
Per the video, China is the third worst in the world for inequality.
They should look at the uk wealth gap. The royal leeches off the taxpayers and the rich pay next to nothing in taxes while the middle class and poor fight for scrap.
@@yopyop3241per the video . Usa is worst of the worst
@@zacksmith5644Nope. You haven’t watched the video. China claims to be on par with the US, but independent data collected by researchers at Peking University indicates that China’s situation is actually much, much worse.
From my viewpoint, it appears that the government may be inclined to hinder the prosperity of eastern cities to capitalize on the availability of cheap labor in the manufacturing sector. They seem to target workers from that region to prevent facing challenges akin to those seen in Europe, where the influx of individuals from a specific religious background has caused tensions within the LGBTQ community without substantial contributions to European manufacturing.
I'm gonna tell it to you straight, I don't think they give a shit about LGBTQ people at all (more of an Asia thing, the only country to legalise same-sex marriage is Taiwan, and its not even 'real'). But I do agree that they want more people in the cities, its just more efficient that way.
Companies are already in Vietnam for manufacturing. Meanwhile China is setting up in Africa.
There are two short books called "Hidden China" - both worth a read to help understand this.
Ahhh yes . Colonists writing about china . Funny
Some data are quite outdated though, I recognized that one source is from 2015. China has actually experienced a rapid growth of undergraduate and graduate population in recent years due to vairous reasons(though the quality of the degree is at times questionable). But overall great video!
Really liked the rough explanation of the Gini coefficient, the graphics really help out there.
Although, given it was being presented alongside China's industrialization and economic growth, I kinda wish there had been a graphic to contextualize if China was doing a relatively good or bad job with economic equality given where it is in its development. Mapped against GDP perhaps?
I would argue they are doing better considering the short period of success they have had. There seems to be more effort to alleviate poverty and build up rural areas. Of course the coast area is overpopulated and excessively richer than the other areas. The majority of the workforce in these areas are from the provinces described as poor. The biggest problem I think is the distribution of these workforce and incentive. I must mention that the cost of things is also relative to the area. But who knows what is to happen, if we take everything by their numbers, year on year they take more people out of poverty than many countries out there.
@@blackscreenconversations
I'm not so sure that they are doing a good job.
Unlike other countries that were Capitalist and thus started with a few people having a huge amount of wealth and income and a lot of people with little income China was communist in the 1970s and likely didn't have much income inequality as it didn't have rich Capitalist owners of companies, especially after the Cultural Revolution.
So China started out more equitable than other developing countries and quickly changed to being incredibly inequitable.
I'm thinking that in 1960 when South Korea was poor and Capitalist it was more inequitable than was China but that today South Korea is probably a lot more equitable than is China.
As well, although people always talk about the dramatic rise in living standards and industrialization in China I think that South Korea, Hong Kong, Singapore and Taiwan
which were all poor like China in 1950 have all made better more impressive improvements in these areas than has China.
@@geofflepper3207China has always had rural to urban inequality. Even under communism. It's reform and development truly kicked off in 1990. By then, South Korea, Japan and Singapore were already developed countries. Taiwan was close, if not there already. China then was poorer than India. To compare them now is just ridiculous.
Plus, the scale means that it's always going to be much harder to create enough industry to enrichen 100 million people than it is for 1 billion.
It's relatively easy to export and manufacture your way to wealth when you have 50 million people. Less so at China's scale
TLDR trying to teach the bible to the priest... it is very easy to just put philosophies in a vacuum and explain complex concepts if you use a rhetorical islands full of entrepreneurs with no history attached. But to do that you have to begin without any historical context... After you read about history with all context and minutia, it is impossible to continue with this line of reasoning that denies the material conditions and reality that existed before a system is in place.
After their revolution they went from the 6th -10th poorest country in the world (depending on the sources ) and got into a period of non-stop grown for more than 70 years to now the 2nd economy, some of those years they got double digit GDP grownth. They did that taking people out of poverty on the way. They are the reason poverty charts worldwide are on a downward trend all these years. They single handedly got more than 600 million people out of poverty. If compared to themselves historically decades prior, they are on the rise non-stop for more than half a century and getting better faster than any others in history.
In the same timeframe American citizen lifespan just got shorter than a Cuba citizen just some years ago, meaning US have no tools to deal with inequality while at the same time telling others what to do. Economic Inequality is the name of the game for communism to tackle, they have all the tools to deal with it. That is the whole purpose of it...Of course they have taken economic inequality into account, is in the damn heart of the ideology. It is just that their plans are long run, very long, they are not years but decades long plans.
They are providing infrastructure to west provinces exaclty for this motive. They build high speed transportation to Tibet and northenm areas like the gobi desert. They have plans to get desert and terraform them into solar eletricity farms. They also are transposing rivers to the north to transform desert land into farms.
All these takes time and they are fully aware of these.
Yeah, actually dealing with this, so let’s wish them luck. Most large countries have terrible inequality, and zero motivation to fix it..
Consider for example of the UK and the US are they going to address inequality at all?
Continental Europe done quite well, and I hope China can reach the same standards eventually
It’s getting better
For Chinese who have learned English and who use VPNs to bypass the Great Firewall, it probably is. Much of the rest of the Chinese population is falling further and further behind with less and less hope of ever escaping conditions that would be classified as abject poverty in the advanced world.
@@yopyop3241Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
@@zacksmith5644Nobody takes official Chinese government numbers seriously. Even top CCP officials have publicly acknowledged official Chinese government numbers’ unreliability and lack of self-consistency. As an institution that is dependent on funding from world governments, including the Chinese government, the World Bank is forced to rely on official Chinese government numbers. As a result, no one takes World Bank numbers on China seriously. Garbage in, garbage out.
To get a realistic view of the reality in China, you need to find independent metrics and analyses. The independent data set noted in the video puts China’s inequality at third worst in the world.
China tries to pretend its inequality is on par with the US (which is already bad). Reality is that China’s inequality is far worse. Independent analysis puts Chinese inequality at third worst in the world.
The richest people are on Wall Street, and the poorest are in tents on the neighboring streets of Wall Street
Nah mate, they’re a few neighborhoods down
@@gideonmele1556 prove it
Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
And despite that issue, China is still a lot richer than India. I compare the 2 countries because they have the same population
China had a visionary leader in 1970s
India found one in 2014
They had over 4 decades of headstart
@@ProudTurkroachBased on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
I really hope they manage to bring those provinces up to a better baseline level as well.
90% of the population lives in eastern cities, and now you know why the population in the west is very small
@@stunstar4553Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
1998 wants its second-tier news back. This old story has, as the cliché has it, been ‘overtaken by events.’
From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Please educate me, i'm willing to make consultations to improve my situation,
Christen wilburn. understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
She's recognized as 'Mrs Christen. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Please how do I find this financial counselor?
I'd love to know this mentor of yours
Now watch the comments get filled with hundreds of comments like "...but what about the homeless people in America?!"
Already happening lol
Yeah, what about the homeless, derelicts, junkies, mentally ill and zombies of America? 🤔🤔🤔
What you should be asking instead is why China gets singled out for vids like this, when it's a phenomenon seen all over the world. And the answer isn't flattering of the channel, or comments that defend it - because it farms them views. It's basically the same kind of thinking that leads channels to employ clickbait.
Stupid comment.
@@ArawnOfAnnwn A LOT of countries get called out in a similar vein. Chinese shills have no issue happily dogpiling on with derogatory comments when it's about another country, but get super butthurt and sensitive about it when it's China.
"All are equal but some are more equal than others," -Animal Farm
In China everyone is equal
In usa : your skin color makes u equal
The GINI coefficient might be a good reference for populations at large but on the individual it's not even close to the whole story. I made $15K/year more at previous job but it was awful. If you figure the hourly rate between then and now I make a lot more now. I can survive a pay cut because I don't envy people with high income. I've never tried to keep up with the Joneses.
I've been saying for years now that people can't wrap their minds around how high Bitcoin can go. Everyone is preaching caution right now which is interesting. The reality is that the demand is just getting started. Only a fraction of the asset managers have been buying. Plus Hong Kong has finally approved their ETF. Now there will be retail. Things are get really serious. Those of us who were still buying the week after the FTX crash are about to be rewarded. Central to this transformative shift is Linda Wilburn, whose profound comprehension of both cryptocurrency and traditional trading has played a crucial role. her comprehensive investment strategy and dedication to staying informed about market trends position she as an invaluable ally in navigating this new era of cryptocurrency investment...managed to grow a nest egg of around 3.4BTC to a decent 16B TC in the space of a few months..
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
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Ah the wonders of communism
China is as communist as the US is
Communism with Chinese characteristics
Agreed
Wonders of communism
Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
@@TheTfrules communism with chinese characteristics = no 1 economy
Communism china = no 1 economy
Capitalist usa = no 2 economy
I swear Chinese AI generated bot texts on every single video that criticizes China is DAMN FUNNY HAHAHAHAHAHAHA
In 4:22, you are talking about Deng's reform transformed China's economy from a rural one to a modern one, but the video you used is from Hong Kong, which was never under CCP's control until 1997.
Under British control, the economic development in Hong Kong was always better than China, way before the founding of PRC.
It is very unfair to imply Deng's reform change Hong Kong to a capitalist economic model. In fact it is quite the opposite, where Hong Kong's economic success inspires Deng to reform PRC's economic model.
The Gini coef is actually not very good at measuring wealth inequality. But if you google the gini coef for US and China,
you find that it's 0.46 for china and 0.47 for USA. Which is different than what's reported here. But it's widely recognized that the US has the greatest wealth inequality of any developed country.
Yeah, even World Bank mentioned in the video shows different numbers
That’s the number based on China’s BS official data. Academic Research out of Peking University and referenced in the video has found that inequality in China is the third worst in the world, behind only South Africa and Namibia.
有趣的是，由于美食文化的影响，家庭经常去餐厅吃饭或者购买昂贵食材的这种文化差异并没有被考虑进入基尼系数的计算考量之中。
They used numbers from the china family panel studies. a surveying group based in peking. so if their estimation is negative its probably far more telling than whatever numbers you scrounge up from google. sources are important.
@@boarfaceswinejaw4516 在搜索国内网站的结果之后，我发现国内的数字其实可能比这个报告的数字更大，但是国内的专家和网友对这个数据有很大意见分歧，并且由于中外差异实在太大，国内专家并不算认可基尼系数的判定方式，并认为基尼系数认定过于片面。需要注意的是，中国的土地是公有，农村其实不存在破产失地的情况。社会的快速发展产生了很多复杂的问题，有些问题并不是简单套用西方总结的定理能生搬硬套的。
CCP's greatest problem is itself.
they seem to be doing well to get all this hate and jealousy from Western countries lol
Jealousy
Great map i wonder why desertes and huge ass mountains are more poore then forests and fields.
Frank should have been the one with all the money lol
This is like London and the South East versus the rest of the UK.
No. Some one in "the rest of the UK" is still 20X richer than some one in rural China
@@SelfProclaimedEmperor You are comparing China with developed countries. Then I can also compare China with poor countries such as Ethiopia!
If China is poor and incompetent, why is The West so afraid of them instead of minding its own business.
@@aira4739 you seem to have missed the point. The OP was saying this was just like the UK. The guy you are replying to was point out that it is not. Similar trends exist in other countries, but China's issue is way, way worse.
@@SelfProclaimedEmperor You forgot the fact that the cost of living in the UK is significantly higher than those of China.
2000 yuan isn't 200usd, it's 275usd, massive difference.
The question is why isn't it the tories'?
Interesting
CCP: We don't see this as a problem.
There main goal now is literally to solve this
You can find these kinds of disparities all over the world. For instance, the east and west coasts of the US are much better off than the central states, so much so that they're literally known as 'flyover states' cos most folk just fly past them to get to either coastal region.
Yes, but some one in a US "fly over state" is still 20 times richer than some one in rural China.
@@SelfProclaimedEmperor Obviously. The US is a richer nation as a whole. That's not saying much. You compare Americans with other Americans, just as this video does for Chinese. Else you may as well compare an Eritrean with a man from Monaco.
@@ArawnOfAnnwn 6:09 compares both a Chinese urban area to a Chinese rural area and an American urban area to an American rural area. The gap in income is significantly better for rural Americans than rural Chinese (1:4 Manhattan:W.Virginia compared to 1:12 Gansu:Shanghai).
Given that this channel covers numerous countries around the world what was it that motivated you to write that comment?
@@OnlineEnglish-wl5rp Not as much as its name implies. There's a rather heavy focus on China, Russia and Iran + Israel. And the US, which is portrayed more positively, whereas the other three are negative. No prize for guessing who most of its audience is.
Its isn't a problem if you look at the population distribution, western provinces are mostly empty which is reflected in gini coefficient.
It is on a per person basis.
Imo the most important thing is to invest in education and every infrastructure related to it. As with education and skill fullness, and as history showed us, civilizations will thrive especially today considering (a part from russia and israhell) no one wants to conquer no one
In my view, it seems that the government prefers to keep the eastern cities from prospering as it benefits from the availability of inexpensive labor in the manufacturing sector. They specifically target workers from that region to avoid encountering challenges similar to those in Europe, where the influx of individuals from a particular religious background has led to tensions within the LGBTQ community without significant contributions to European manufacturing
I agree with your opinion❤
China is literally one of the most automated / roboticized economies in the world. First in terms of robots total and even fifth in terms of robots per worker, despite its huge population. They aren't intending to rely on cheap labor forever.
some numbers are just wrong. china urbanization rate is 65%, not 30%. Also, farmers on some coastal provinces are super well off.
As usual, it's all pure BS. 😂😂😂😂
Source ? Where did you get your intel from?
@@user-yx3wu8vt2w just google it
@@user-yx3wu8vt2w The guy got it from the Lies and Propaganda dept.
I think that he is saying that a huge number of people in Chinese cities may live there but have no status as citizens of the city and are officially citizens of rural areas without the same rights as other people living in cities and that they tend to be poorer than other people living in cities.
So at times he is grouping rural people who migrated to the cities with rural people who stayed in rural areas.
so how many year need to liverpool worker to buy london main street house?. maybe there ,rich russian already have the london city. many province has many standard income and cost of living.
At 4:00 correction -usd trillions not billions .
Even their richer regions are now struggling
Like Beverly Hills?
These are emperors in XI dynasty
Exactly
I think a lot of your data are outdated. Just look at your example at 7:24 mark and that is in 2015 and we are now in 2024, China today has a working population of 740 million and skill worked force of 200 million (60 million of these are considered highly skilled work force).. I would suggest you dig out some of the more recent data and make. And as for best way to stay on top of the news, use the present day data rather than 2015 data. You are 10 years behind.
Because this video is bullshit popaganda, they did that deliberately
omg, this uk accent drives me crazy
I love the video like usual, but my only complaint is that China isn’t really communist anymore, not in the slightest. It’s more of a technocratic state
And as usual the first part of my comment was fully sarcastic
The thumbnail map is MISLEADING. Heilongjiang is one of the most economically deprived provinces of China
P.S. maybe not as poor as, say, Tibet, but still pretty damn poor
Heilongjiang Province is not in China Proper as China Proper consists of 18 provinces only.
@@brianliew5901 you're right, my bad
Jilin also deprived but only economically. But both of provinces are relatively good when measured by HDI scoring more than 0.74
@@brianliew5901I’m sorry I must have missed when he said that they’re only doing a ‘China proper’ comparison. Do you have a timestamp?
@@venanziadorromatagni1641 I edited the comment after @brianliew5901 pointed it out to me
It's the largest strength because rural China still has an acceptable fertility rate that they can pump to the cities for economic output. The same is not true for western countries who must rely on this externally instead of internally.
If China's fertility rate overall is only 1.05 and rural areas have higher fertility rates then
fertility rates in major Chinese cities must be really low which is what tends to happen in cities with expensive real estate in which people life in apartments.
In South Korea the overall fertility rate is 0.72 which is dismal but in Seoul
the fertility rate is even lower at only about 0.52 or so I believe.
I wonder how low it is in Shanghai.
@@geofflepper3207 lets do this israel bot
Based on your picture, went to the World Bank
official website to check the results: Netherlands
26, Russia 36, United States 39.8, Turkey 41.9,
South Africa 63, all correct; but the World Bank
official website shows China 37.1, why did you
change China to 46 here?
Why is usa above china in economic inequality
@@zacksmith5644 You post the same comment basically verbatim, 'based on your picture', and you call the other guy a bot lol
The CCP should invest more in rural development initiatives
They have. A lot. It's better than it was a decade ago. But we're dealing with hundreds of millions of people. Forty years is too small to do everything
Always hilarious to me when people think that the CCP is communist.
It is. Communism isn’t egalitarianism.
@@SatanBla Marx envisioned a classless, stateless society. A hyper unequal authoritarian society is neither.
The CCP itself admits this btw - they claim that the current state of affairs is a temporary and necessary evil on the path towards real communism (it isn't, but they can't admit that).
@@SatanBla It just so happens to use the exact same economic system as other capitalist countries...
@@OnlineEnglish-wl5rp Not exactly. China uses SME (socialist market economy).
@SatanBla Simply using the word "socialist" doesn't make it so.
“Millions of Han Chinese stem graduates” and that’s the problem right there since power is consolidated by one ethnic group at the expense of the others
Cap.
92% of China is Han. This doesn't mean anything
@@sulemandawood5955 TBF many identify as Han, but they aren't actually
What is han if not for self identification?@@navinthehouse4710
Thats totally idiotic.
How come inequality does not affect the western world
Take also in account the difference of cost of living between big cities and urban regions.
Using western models in china is not always correct.
A Brit talking about economic equality. A Brit.
Why is it bothering you, little Chinaman? There are other videos on here about economic inequality in Britain so why are you being so defensive? You don't even live in China
@@OnlineEnglish-wl5rp a brit talking about income inequality is like a German talking about affordable cars
@@OnlineEnglish-wl5rpyayyyy why don't u move back to uk and close your military bases in other nations
He already made videos about British inequality
China is a bussiness
Based on your picture, I went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here?
That data for China on the World Bank website was from 2020...
@@karlsussan8454 Aren’t the data from other countries for 2020?
@@PrideWang yes most of the rankings are old in the World Bank study, which is why I wouldn't use them. A lot has changed since 2020, especially in China. China's economy suffered from the covid lockdowns, foreign divestment, and its real estate sector is in free fall. People at the bottom always get hurt the most so when a country's economy downturns and thus economic inequality widens. Most of the world saw an increase in inequality between 2020 and now, but in China I can imagine that the gap widened enough that China fell through the rankings hence its farther down the inequality ladder than other countries.
Which year’s statistics are being used here? As of 2023 Chinese rural population is 477 millions not 900 millions, while is urban population reached 933 millions.
what about if you exclude migrant workers from rural China, how large is the urban population?
@@anesumagoba1195 There are 297 million migrant workers including short term agricultural labors. So, the number is still way off. Moreover, the income stated in the video clearly does not reflect those of the migrant workers.
Communism where the money/power is concentrated on the selected few😂
China doesn't even claim to be Communist itself, bro.
@@alexeistrife56 what is CCP then?
Or rather , it claims to be communist , but is actually socialist/ capitalist
@@user-yx3wu8vt2w The Communist Party of China.
A country's proclaimed ideology =/= its economy. The Constitution of the Communist Party of China repeatedly makes the point that they are NOT Communist.
@@user-fl4ko3mp1s It does explicitly the opposite of that. It claims to NOT be Communist even in their own Constitution.