I agree with Brendon , the Chinese govt has an unbelievable track record and they have the trust of the ppl. ( 800M were poor ) and ppl have savings Rmb140Trillion. Confidence will be back. I see a lot of spending during the National holidays and outbound travel is up 50-60%. I’m bullish still.
No, China is printing money out of thin air. Its debt over all is more than 300% of GDP and it has little money to do huge stimulus (even government office workers have a pay cut). The past stimulus has been done to ensure the GDP figure is about 4% this year to save face but that is not sustainable. Remember Chinese stock market has little to do with its real economy.
@@huanghermann5207 Err.. no they're not. China doesn't have to print money.. China is awash in money. China brings in over $100B net in trade revenue EVERY MONTH.. that's an entire Venezuela every month in cash. The 300% figure you quoted is INTERNAL local government IOU to the central bank. China's external debt to foreign investors is around 70% of GDP which is easily manageable.
China's savings = US and EU savings combined. China's central bank is troubled by the huge amount of money piling up in banks, so it has to launch stimulus plans to push money into the stock market or real estate market to change deflation. Because economic deflation is considered backwards.
Chinese fiscal policy is going to disappoint. The market expectation is too high. The central gov revenue YTD is down 6.2%, they don't have that much ammunition to stimulate, especially local government levels.
China's savings = US and EU savings combined. China's central bank is troubled by the huge amount of money piling up in banks, so it has to launch stimulus plans to push money into the stock market or real estate market to change deflation.
Dunno where you got that analogy, the Chinese national debt is USD2.5 trillions in total, pale in comparison with USA, and their economic size is 80% of the u.s. 😂😂
@@andrewlim7751 you are only counting central government debt. Their local government debt and enterprise debt is much more than US. Total debt level of society is about 300% of gdp vs US 260%
@@thejeffinvade Well, there's a distinct difference between u.s. debt and Chinese domestic debt, the debt in u.s. was turned into fireworks and blew up in countless countries for the sake of "free democracy" while the Chinese debt was turned into Ports, Power Plant, HSR, highways and roads, the infrastructures are real fixed assets where the govt can privatized it anytime, not only they can pay off immediately but even make a profit but the prefer not to do so, the cost of infrastructures increases every year even in China.
I agree with Brendon , the Chinese govt has an unbelievable track record and they have the trust of the ppl. ( 800M were poor ) and ppl have savings Rmb140Trillion. Confidence will be back. I see a lot of spending during the National holidays and outbound travel is up 50-60%. I’m bullish still.
China can do all these stimuli without printing more money. Amazing.
Printed money will eventually end up in the hands of the wealthy. That’s why there are more n more homelesss in that country
No, China is printing money out of thin air. Its debt over all is more than 300% of GDP and it has little money to do huge stimulus (even government office workers have a pay cut). The past stimulus has been done to ensure the GDP figure is about 4% this year to save face but that is not sustainable. Remember Chinese stock market has little to do with its real economy.
@@huanghermann5207 70%不到🤡
@@huanghermann5207 Err.. no they're not. China doesn't have to print money.. China is awash in money. China brings in over $100B net in trade revenue EVERY MONTH.. that's an entire Venezuela every month in cash. The 300% figure you quoted is INTERNAL local government IOU to the central bank. China's external debt to foreign investors is around 70% of GDP which is easily manageable.
Good explanation. I might add that the so call 300% debt also includes private debt.
Love China❤
This guy understands china better than other bear analysts. Short term ok. Long term not sure! That will be fair assessment
no one undertand china in US, , espeically econonically , look at the recession in US and EU, none of them are experts
Average Chinese joe has a lot more savings than American joe.
average joe would rather live in america than in china
Well the China ETF guy is hardly going to be bearish...
I bought this guy's KWEB ETF. Also three more other China ETF last week. So far all been good.
Me too, the Chinese QQQ and Chinese MSCI l bought and this guy's KWEB all are good for me.
This guy is waiting for a huge bonus cheque 😂😂😂
China's savings = US and EU savings combined. China's central bank is troubled by the huge amount of money piling up in banks, so it has to launch stimulus plans to push money into the stock market or real estate market to change deflation. Because economic deflation is considered backwards.
Yeah, we can't have 30% every week...
Sounds like “ riding a dead horse theory”….. LOL
Hi, I don’t get the joke…
Cool
When ever a guest is over exaggerating his cadence he is lying or desperate for his book
Brendan Ahern must have had a pretty rough time these last few years. Let him have a moment of relief…
Cocaine is a hell of a drug
Dry powder haha
Chinese fiscal policy is going to disappoint. The market expectation is too high. The central gov revenue YTD is down 6.2%, they don't have that much ammunition to stimulate, especially local government levels.
China's savings = US and EU savings combined. China's central bank is troubled by the huge amount of money piling up in banks, so it has to launch stimulus plans to push money into the stock market or real estate market to change deflation.
Dunno where you got that analogy, the Chinese national debt is USD2.5 trillions in total, pale in comparison with USA, and their economic size is 80% of the u.s. 😂😂
@@andrewlim7751 you are only counting central government debt. Their local government debt and enterprise debt is much more than US. Total debt level of society is about 300% of gdp vs US 260%
quite impressed with such well-informed discussion in a CNBC chip comment section.
@@thejeffinvade
Well, there's a distinct difference between u.s. debt and Chinese domestic debt, the debt in u.s. was turned into fireworks and blew up in countless countries for the sake of "free democracy" while the Chinese debt was turned into Ports, Power Plant, HSR, highways and roads, the infrastructures are real fixed assets where the govt can privatized it anytime, not only they can pay off immediately but even make a profit but the prefer not to do so, the cost of infrastructures increases every year even in China.