Financial Times Don't you feel tired or bored when you have been saying that China is going to collapse over the last 15 years? How about America has 23 trillion national debts? Lol!
The production quality of these videos is impressive and I like the fact that the information given is unbiased but brought enough to be largely timeless - I am watching this 3 years later and this data is not only still relevant but could be something I show someone 10 years from now where things began to change for China. You could have used more data sets but instead you took on personal stories instead to give an idea of what it is like on the ground over numbers. I like that but I understand there is room for both. I'll watch a couple more and fill in your survey :)
@@ssmart2512 large countries like China and America don't fall overnight - plenty of time to raise the alarm. Early success with a plan that lands you in more debt over time will never end well, be it after 1 year or 100 years. This is true of both China and America and it is true America has soaring debt BUT it is also true that China is in a trade war with it's biggest export market (American). It is unclear if China can manoeuvre past that massive impasse to come out ahead. Ultimately America is slowly become more self sufficient but debt laden. China is does is not becoming the former but is the latter.
@@user936 If you are smart enough, you should have known that America has started falling from 2-3 years ago. Once America can NOT print the US dollars whenever they want and America can be crashed overnight. Just think of this how can America repay its debts without printing or borrowing more money? China is opening up that means more and more countries are going to use Chinese currency internationally.
"Netizens and experts are calling for the US government to release information on the suspension of an infectious disease research lab under the US Army, as a petition on the White House website listed coincident events between the closure and the outbreak of COVID-19, urging the US government to clarify whether the lab was related to the deadly virus. While the origin of the novel coronavirus is still unknown and conspiracy theories have caused widespread panic, experts said that timely information disclosure to the public would benefit global unity and cooperation against the pandemic, which had infected more than 150,000 people and killed 5,400 around the world as of Saturday. The Fort Detrick laboratory that handles high-level disease-causing material, such as Ebola, in Fredrick, Maryland was shut after the US Centers for Disease Control and Prevention issued a cease and desist order to the organization in July, 2019 according to local media...We have to think twice before acting on US behalf to "bark" on China..
1990: the end of China miracle 1995: the end of China miracle 2000: the end of China miracle 2005: the end of China miracle 2010: the end of China miracle 2015: the end of China miracle 2020: the end of China miracle now: the end of China miracle
Excellent, excellent video!! This sort of in-depth, informed journalism is very nearly extinct now. While it's always been precious, it's even more precious now. Thank you!
Sure, a video from four years ago that says China is collapsing, yet 4 years later, the Communist Party is still in power. I'm not taking sides but bro, go read a book cause you don't know what informed journalism is
@@ntokozosibanyoni1421 and look, the same thing is happening now - everyone screaming about chinese stagnation and collapse, yet its still one of the top economies
It's typical FT like the most western media, only see the downside of China's change. But I see the transformation in the country: the old low tech and cheap labour based economy is slowly transit into high tech and high value manufacture based economy. You can observe this with number of new technology and new product. Other country, such as Japan, has been through this path before, from low paid labor concentrated economy after the WW2 to an modernized society until it's development is interrupted by Plaza Accord in late 1980s. But China is not Japan that rely on the protection from US. China is an independent state and I do believe East Asian is far more advanced civilization than the West. History will tell just watch .. if you can live long enough!
Sometimes I meditate on what the Chinese people have endured over the last 100 years. Wow! May the yoke of anxiety and worry be lifted entirely one day. It doesn't mean folks become less productive. It just means you must inspire people more and build wellness as much as infrastructure.
@Michael Griffiths sounds like NATO USA, spend money on war equipment, building bases all over the world and bully other countries Involved in several wars and has homeless vets and victims of greed on the streets Yes China is aggressive, they have intention to dominate Africa Asia and South America. They do infrastructure projects, invest in countries ,make loans. USA uses sanctions, threats of actual invasions and military is all over, to scare people....of course China is competition for USA, they have five times as many people. If China worries you, stop sanctions, and invest In countries infrastructure and business... Or stop buying weapons and rebuild your infrastructure. Such hypocrisy! you Western people..
Remember when China promised they wouldn't militarize the South China Sea, and then they went and militarized the South China Sea? Does your government give one out of every hundred dollars it spends to the aid of countries that, sometimes, don't even *like* you? You knew that we gave billions of dollars to Pakistan? They *hate* us. During the height of the early Cold War, we offered financial aid to the *Soviet Union,* in the form of the Marshall Plan. When did you offer your ideological enemies financial aid? Did your media tell you who *funded* you the entire time you were at war with Japan? Did your media tell you who ultimately *defeated* Japan? When China gives "aid," they import their own workers, creating practically no jobs. The quotas are strict, so construction moves so quickly that some bridges collapse in *several weeks (Kenya).* Some countries now see up to a 60% increase in foreign debt, *exclusively* to China. Who's the imperialist now? You're making *bank.* Kenya definitely isn't. You complain about our hundreds of military bases abroad. South Korea exists with hundreds of long range artillery pieces within range of its *capital.* You want to go and ask them if they want the Americans out? China offers infrastructure, and incurs massive debt in the nations it "helps." The United States pays more than almost any other nation on *Earth* for the oil it "steals." The countries it """"occupied"""" run a financial *surplus* because unlike the Russians in Crimea, the Americans *pay* to be there. You're upset about being sanctioned? Don't invade your neighbors, please. You're free to criticise our actions in the Phillipines. You're free to criticise our actions in Cuba. You're even free to criticise *Capitalism,* in its many flaws. You're free to criticise *Churchill,* who rivalled Stalin in loss of life. But please, do not say you have a moral high ground. You don't. Here in the West, we critique ourselves, and we critique others. Everyone learns, everyone grows.
@Michael Griffiths Chinese people aren't fools. As a Chinese American, I retain some level of pride for my homeland's growth. We struggle to criticise ourselves and to improve, but you'll find that many of China's millennial generation are very open to ideas and don't see the World around them as an "us vs. them" scenario. I believe that China can become a beacon of freedom, potentially even brighter than the West. Chinese as a people have already created high speed transit, an effective highway system, and kick-started a massive middle class. China's not a bad place, in my opinion.
Kaga Kai As an American as well I wouldn’t mind this as long as China promotes freedom, rule of law, and become more democratic. This all may happen eventually.
Seems to me you need to do a story on age discrimination in China. Also a very telling line was his thoughts that people were happy to have food on the table but now that is no longer good enough. I have been to China a few times and they are being "sold" to on a massive scale. This is done by companies who have had decades to perfect their strategy in the western world and I am sure it is overwhelming for this neophyte population. Keeping up with the Wangs is their new way of life, the world of "more".
I understood that many Chinese firms are turning to automation and robotics to do repetitive tasks at a much cheaper cost. The trouble is that European and American companies can automate too and save on transport costs etc.
True that. Not just in America as other nations like Japan and Australia also yearn for products to be manufacture in our respective countries. And though products will cost more in the future, it will be of superior quality and money will no longer flow out to china.
@@joet4811 Wont cost just a little more though, everything will cost a LOT MORE. So many items are so cheap today that it doesnt even seem possible someone could have made a profit, all because they were made in China.
The Americans should be ready to work for those shittier jobs previous enrolled by job seekers in the foreign country, eg China. Same goes with India, as there are western countries who are outsourcing the jobs which should have been for locals eg UK, Call Center Jobs in India. The poor gets the income they require to survive but they are migrants from villages and poor countryside who come to cities in search of jobs, that's one of the reasons for poverty in cities along with the rich, middle class.
@@joejones9520 We all know it will cost more, but putting all eggs in one basket is very dangerous. That is why Japan's policy now is "I don't care where you relocate to, just get out of china". Though Abe has encouraged that jobs should come back to Japan. You do know that 3M, the maufacturer who produces masks in china are not allowed to export it's masks, even though it's masks are meant for export.
While this video is 7 years old, it's still interesting and informative. I enjoyed the perspective from the individual. It's funny how the interviewee looked so run down and haggard when in the city....yet, once he returned home, he looked healthier and happier.
Western countries in pursuit of cheap labour have shifted their manufacturing establishment to China all in one basket not anticipating this will lead to their downfall in the foreseeable future. Chinese are experts in reverse engineering without dedicated R & D facilities. The United States of America had plans to rule the technological world but that also misfires for various reasons. Chinese are experts in hacking and nothing can be kept secret. It is heartening to note that the Western countries, EU, and other countries have realised the need for relocating their manufacturing sector from China which may prove to be a serious blow to them.
And this was 2016. It has become much worse now with more jobs lost and people having to go back to the countryside or the small towns they came from. But these people are the heart of China for anyone who spent time there years ago. While you meet and make friends with a class of people who are on their way up, already becoming accustomed to a better living standard, educated, with good jobs and many who have learned a good deal of English, it was these people who captured my heart in the mid 90's. Having come from a very poor family myself it was easy to identify and communicate on a more human level with less verbiage. These people are not the CCP anymore than the poorest people in any country can be equated with their ruling class. They are as much the salt of the Earth as were the people I grew up with in America in the 1930's. May God care for them.
Chine had the most amazing experience in globalization. They are very hard working and disciplinary. Many company from USA and EU left them countries and work in Chinese industry. Low payments of freehand workers not taxpayers too. So all this money go in packets of the business owners. They creadt a higher wealth.. Chine economy grow very fast and up 9%gdp USA economy slow and bad shape the same EU. Now it's not pandemic which cread the gap. But slow of corporate to USA which help a lot China England has been. Not fairly with Chinese politics. For the reason Hong Kong. I believe there have a state which take cares Tham self by the constitution. .
I noticed it said about the difficulty of over 35s to get jobs, so surely what is likely to happen will be for Chinese firms to be forced to take older works to at least partially offset the demographics? As happened in the west. Also, near the end, it said China's slowing economy is hitting the commodity producers, but surely China being mainly a producer for exports, the slowing demand ultimately is from the US and EU? Some of the slowdown is Chinese - presumably some demand there will also slow, but the west is the biggest take for their goods. There are lots of co-dependencies in the global economy.
Financial Times 2016: The end of the Chinese miracle. Financial Times 2020: The end of the American dream. American dream: a nightmare for the rest of the world.
Monday, Wednesday, Friday: China is collapsing; Tuesday, Thursday, Sunday: China is a super power and huge threat to the freeworld. Saturday: it's the Sabbath.
Not really a balanced picture of all of China. Two specific but unnamed reports from clearly poorer areas of China related to migration and one of illegal immigration and employment by Chinese business owners, with some statements about the economy slowing down because outsourcing will go elsewhere That's like having three reports from East Anglia about seasonal potato pickers, for farmers and illegal immigrants and extrapolating that the the UK economic model. Pointless report.
Other countries analyze and talk too much about the demise of the Chinese economy. Unless the western nations do the same horrible things they did a long time ago with guns and and drugs, China will be the dominant economic power worldwide. They are now in my opinion. It is not the type of government but the character of the people itself that will make that possible. I lived, went to school, done business, and socialized with them. That's how I know.
In economy , these are the fundamental essence of the economy human wants , urge , & desires ...... This is where the government overlook by controlling the demand & supply .... Have to allow the economy to work naturally ..... Look at each person desires , urges & wants ....
An economic model that assumes constant growth isn’t sustainable when the resources which make that growth after finite. Isn’t it actually a good thing for the world to use its resources more slowly and carefully? Rather than just squander them? If there’s less economic fairness, maybe that a price we all have to pay?
This video did not address Chinese investment in other Asian countries, African countries, middle East and others The belt and road has already begun. They have been investing, and even the biggest USA pork company is owned by the Chinese. China is not going to collapse, they just open up shop I other countries, just like the west did
In 1000 years, when they explore the cities no one ever lived in... they WILL scratch their heads bald wondering what was going on !
4 роки тому
those cities aren't sound either. people living in china where talking about how most of these building where falling apart or actually collapsing with and with out people in them and the chinese government doesn't even talk about it when it happens. so i don't think now of those building will be standing after that long.
People of China, for the time being, is "where ignorance is bliss, 'tis folly to be wise " . However when dying is worth more important than living then revolution is the only hope.
IT ABOUT TIME IT'S OVER AMERICAN COMPANIES USE CHINESE LABOR BECAUSE IT'S FREE SO THEY CAN MAKE 5000 PERCENT PROFIT AND AMERICAN PEOPLE DON'T GET ANY DISCOUNT FOR THAT EVERY ONE DESERVES A DECENT PAY FOR THEIR SERVICES AND A RETIREMENT PLAN THAT WHY AMERICAN COMPANIES GO THEIR FOR FREE LABOR AND DON'T HAVE TO PAY FOR THEIR RETIREMENT OR SOCIAL SECURITY I TRY TO BUY MADE IN AMERICA BUT IT'S VERY VERY HARD THANK GOD FOR PRESIDENT TRUMP HE IS TRYING TO BRING BACK THE MANUFACTURING BACK TO AMERICA WE ARE STILL GOING PAY REGARDLESS AMERICAN COMPANIES ARE GREEDY. IT USED TO BE THAT A COMPANY OWNER WOULD MAKE 100 TIMES THE AVERAGE WORKER. NOW THEY MAKE A MILLION TIMES A AVERAGE WORKER THEY DON'T HAVE TO PAY FOR ANY HEALTH CARE OR PENSIONS OR SOCIAL SECURITY.. IT ALL GOES IN THEIR POCKETS.. IT'S HAS TO STOP..
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.
China's economic miracle only has its achievements collect by fewer than 1% of the population. The richest 1% of the Chinese population holds over 52% of the entire country's money. If you still say many people's lives are improved, that's not really the case.
These factories in China represent a larger global issue: mass consumption. If we stop focusing on quantity and on quality it would be easier to bring western factories home. This excessive demand needs to stop and the very people responsible for creating this insatiable demand, must take a hard look at the world they’ve created. In the case they don’t, we must do it for them because we represent the future. Overconsumption must be left in the past, only then can we get closer to tackling this major issue that put the ccp in this position where they don’t face the repercussions of their actions. Of course the issue is a lot more complex with so many layers, but the point I want to highlight is that we need to stop over consumption. Jobs are created due to innovative ideas that create needs.
If the people in eg US can work in the factory without a fuss, there's no problem, but if the workers have demands they will close the factory and establish a factory in China, where there's cheap labour but the Chinese workers have demands, the factory will be closed and will be shifted to another country where there's cheap labour, unfortunately this cycle continues. The solution is that the government should intervene, as well as the workers and the factory management and solve this never ending cycle. Its the same in cases of taxes, if the government imposes heavy taxes on corporations, they will simply move to another city or another country. There should be a midline between the government and corporations as well as the workers, or job seekers.
I believe this was the root cause why many companies went to China *Workers wants* plus stupid regulations from government's! Hopefully President Trump will de regulate this more so companies can make a profit so employees can also prosper!
*China is not just cheap labour. It is also about supply chain unmatched anywhere in the world! And China is moving up the value chain! And it has the biggest consumer market in the world! China will keep growing although at varying pace!*
About time that all Nations become self-sufficient again, not relying on cheap labour in corrupt countries, who enslave their people to work for a starvation wage. Hopefully, the world will become a better place after this pandemic. Maybe people have learnt something. Politicians may work again for their own countries, not for a few selected multinational who have started globalisation which have brought nothing but hardship to all and to many cheap manufactured goods.
This video only took the picture of the poor group people who are living in low social level. In justice, you should show us the middle life level of Chinese people.
my wife always asked how clothes were so cheap , my answer was always because of slave workers in prison camps and re education camps . Do not forget the trade in human kidneys from murdered Fallon gong followers
@@davidpeters6536 Totally true! Actually, we ought to define what it means - "our needs"! Unfortunately, a question that arises by that immediately - "What's the meaning of life?" !... (((
steve crawford Population is mostly rising now because of inertia, and developed nations have lower than replacement birth rates. The problem isn’t births. Unless you plan on Thanosing the population of Earth, there’s going to be at least 10B people.
Humans will never do this We will however have another war, soon right over here in Asia The use of nukes will happen in ten to twenty years, Too many people not enough fish.. developing country all want what the west has,,,,each time a country begins to make money they will want more stuff and FOOD I had all you can eat yesterday Sunday afternoon here is like a bunch of rabid feral dogs car across a pork chop truck Savages...if you have been hungry for so long you eat too much, crazy This is what's going on, not good or bad, just is,,,and someday as Asia begins to right, it's going to be ugly
@steve crawford how do you control a population How do you in the west tell other developing nation To give up,,,,what you have and have had? The west and Japan are fading, immigration keeps those numbers up Who gets controlled? Asia s America Africa Mexico USA is third after China and India, at least a few years ago maybe USA? The next war will determine who
there is a marked difference in the attitude of Chinese clothing on eBay, where once the prices were Australian dollars it is now american dollars, and a much higher cost, also the sizes are now Asian or american, it seems that china no longer even cares to make a show to selling to the Australia market. I was never naive enough to believe i was dealing with a privately owned company, the ccp had the ruling hand, now it no longer needs Australian money, it doesn't want our buisness
It's probably mad that Australia has turned into a land of politically correct wussies where none of the websites or news channels allow comments anymore
I don’t agree with a minimum wage because everyone should be in a union and therefor have collective bargaining powers, but businesses should have the sense to increase their prices in order to avoid closure. Also minimum wage increase should coincide with small business tax breaks as well as tax hikes on the wealthy, large corporations and Capital gains. So the bottom and middle benefit from such. No need to punish the poor because the rich are greedy.
How wonderful that this culture expects support to needy family members.L ook at yours do you help as many members that you see need you? Time and entertainment is priceless,give of yourself everyday
the only way these other countries in Asia in the middle East can replicate China's success is to work closely with the American corporations and or American people
They need to recognize the progress they need to make now rather then before, outsourcing work like to India which has great business process outsourcing and re-exporting to the UK and even sending workers to work in Japan and the USA. Could be solutions to this reverse trend.
China investment I Africa Asia and middle East is quiet, Chinese business open in Africa, many manufacturing company are Chinese and operation In other countries. China also buys utility stakes, power grids, power plants ports, air port, communication network, roads, and move people to other countries. They are at work doing what will help them later, the money going to China is being used for the future. They are playing the long game, and USA and the west are busy wanting more.....it is in some ways good for the country China gets into, but mostly it's colonial and will be very difficult to reverse. I don't buy this video, they did not address fully the Chinese expansion....
My German made boots are still intact after 8 years.......Fitted like a glove from day 1 .....Get more comfortable with age .meindl...My feet love you.
the Chinese work so hard, some migrants here live off our generous welfare for 50 yrs, just cry poor & go on unemployment benefits during their 30's to 68 yrs. then go on aged pension where it much higher, its all free. China is a great nation PRC they will progress, because they work.Biz goes up & down.
What's the deal with no voice over. That would have made this video. I can't listen to it when I have no reference for what's being said... too bad I wanted to know this info just not bad enough to have to read the screen
Obvious process of industrialisation and as labour costs rise, a move to high-tech high-skill employment and more off-shoring - just like in the West. Nothing new, just more of the same.
Certain human race is good at something. African are good at running, boxing and basketball. Chinese are good at working. They are good at working, gambling and smoking.
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3yrs later, china is still collapsing as you speak. ROFL
2020 maybe? later on 2025 china total collapse? LOL
Financial Times Don't you feel tired or bored when you have been saying that China is going to collapse over the last 15 years? How about America has 23 trillion national debts? Lol!
The production quality of these videos is impressive and I like the fact that the information given is unbiased but brought enough to be largely timeless - I am watching this 3 years later and this data is not only still relevant but could be something I show someone 10 years from now where things began to change for China.
You could have used more data sets but instead you took on personal stories instead to give an idea of what it is like on the ground over numbers. I like that but I understand there is room for both. I'll watch a couple more and fill in your survey :)
@@ssmart2512 large countries like China and America don't fall overnight - plenty of time to raise the alarm. Early success with a plan that lands you in more debt over time will never end well, be it after 1 year or 100 years. This is true of both China and America and it is true America has soaring debt BUT it is also true that China is in a trade war with it's biggest export market (American). It is unclear if China can manoeuvre past that massive impasse to come out ahead.
Ultimately America is slowly become more self sufficient but debt laden. China is does is not becoming the former but is the latter.
@@user936 If you are smart enough, you should have known that America has started falling from 2-3 years ago. Once America can NOT print the US dollars whenever they want and America can be crashed overnight. Just think of this how can America repay its debts without printing or borrowing more money? China is opening up that means more and more countries are going to use Chinese currency internationally.
2023 here, still waiting for the end here...
This report should be updated after the pandemic is over. It would be interesting to see how this develops.
China is going to have all out civil war CCP is doomed
Looking good, for China.
"Netizens and experts are calling for the US government to release information on the suspension of an infectious disease research lab under the US Army, as a petition on the White House website listed coincident events between the closure and the outbreak of COVID-19, urging the US government to clarify whether the lab was related to the deadly virus.
While the origin of the novel coronavirus is still unknown and conspiracy theories have caused widespread panic, experts said that timely information disclosure to the public would benefit global unity and cooperation against the pandemic, which had infected more than 150,000 people and killed 5,400 around the world as of Saturday.
The Fort Detrick laboratory that handles high-level disease-causing material, such as Ebola, in Fredrick, Maryland was shut after the US Centers for Disease Control and Prevention issued a cease and desist order to the organization in July, 2019 according to local media...We have to think twice before acting on US behalf to "bark" on China..
@@barneyut Not for long.
@John Smith it's hard to trust though when it comes from the CCP. They love to warp the facts to suit their needs.
1990: the end of China miracle
1995: the end of China miracle
2000: the end of China miracle
2005: the end of China miracle
2010: the end of China miracle
2015: the end of China miracle
2020: the end of China miracle
now: the end of China miracle
Bless his heart! What a well spoken gentlemen.
Excellent, excellent video!! This sort of in-depth, informed journalism is very nearly extinct now. While it's always been precious, it's even more precious now. Thank you!
Sure, a video from four years ago that says China is collapsing, yet 4 years later, the Communist Party is still in power. I'm not taking sides but bro, go read a book cause you don't know what informed journalism is
@@ntokozosibanyoni1421 and look, the same thing is happening now - everyone screaming about chinese stagnation and collapse, yet its still one of the top economies
Are you in period again?@@thesovietshark8945
It's typical FT like the most western media, only see the downside of China's change. But I see the transformation in the country: the old low tech and cheap labour based economy is slowly transit into high tech and high value manufacture based economy. You can observe this with number of new technology and new product.
Other country, such as Japan, has been through this path before, from low paid labor concentrated economy after the WW2 to an modernized society until it's development is interrupted by Plaza Accord in late 1980s. But China is not Japan that rely on the protection from US. China is an independent state and I do believe East Asian is far more advanced civilization than the West. History will tell just watch .. if you can live long enough!
Sometimes I meditate on what the Chinese people have endured over the last 100 years. Wow!
May the yoke of anxiety and worry be lifted entirely one day.
It doesn't mean folks become less productive. It just means you must inspire people more and build wellness as much as infrastructure.
Why Mr Singh?
India needs that as well
@Michael Griffiths sounds like NATO
USA, spend money on war equipment, building bases all over the world and bully other countries
Involved in several wars and has homeless vets and victims of greed on the streets
Yes China is aggressive, they have intention to dominate
Africa Asia and South America.
They do infrastructure projects, invest in countries ,make loans.
USA uses sanctions, threats of actual invasions and military is all over, to scare people....of course China is competition for USA, they have five times as many people.
If China worries you, stop sanctions, and invest In countries infrastructure and business...
Or stop buying weapons and rebuild your infrastructure.
Such hypocrisy! you Western people..
Remember when China promised they wouldn't militarize the South China Sea, and then they went and militarized the South China Sea? Does your government give one out of every hundred dollars it spends to the aid of countries that, sometimes, don't even *like* you? You knew that we gave billions of dollars to Pakistan? They *hate* us. During the height of the early Cold War, we offered financial aid to the *Soviet Union,* in the form of the Marshall Plan. When did you offer your ideological enemies financial aid?
Did your media tell you who *funded* you the entire time you were at war with Japan? Did your media tell you who ultimately *defeated* Japan?
When China gives "aid," they import their own workers, creating practically no jobs. The quotas are strict, so construction moves so quickly that some bridges collapse in *several weeks (Kenya).* Some countries now see up to a 60% increase in foreign debt, *exclusively* to China. Who's the imperialist now? You're making *bank.* Kenya definitely isn't.
You complain about our hundreds of military bases abroad. South Korea exists with hundreds of long range artillery pieces within range of its *capital.* You want to go and ask them if they want the Americans out?
China offers infrastructure, and incurs massive debt in the nations it "helps." The United States pays more than almost any other nation on *Earth* for the oil it "steals." The countries it """"occupied"""" run a financial *surplus* because unlike the Russians in Crimea, the Americans *pay* to be there.
You're upset about being sanctioned? Don't invade your neighbors, please.
You're free to criticise our actions in the Phillipines. You're free to criticise our actions in Cuba. You're even free to criticise *Capitalism,* in its many flaws. You're free to criticise *Churchill,* who rivalled Stalin in loss of life. But please, do not say you have a moral high ground. You don't.
Here in the West, we critique ourselves, and we critique others. Everyone learns, everyone grows.
@Michael Griffiths Chinese people aren't fools. As a Chinese American, I retain some level of pride for my homeland's growth. We struggle to criticise ourselves and to improve, but you'll find that many of China's millennial generation are very open to ideas and don't see the World around them as an "us vs. them" scenario. I believe that China can become a beacon of freedom, potentially even brighter than the West. Chinese as a people have already created high speed transit, an effective highway system, and kick-started a massive middle class. China's not a bad place, in my opinion.
Kaga Kai As an American as well I wouldn’t mind this as long as China promotes freedom, rule of law, and become more democratic. This all may happen eventually.
About time that the dying grandparents and infant children are to be reconnected with the parents. These are the innocent helpless peasants.
Seems to me you need to do a story on age discrimination in China. Also a very telling line was his thoughts that people were happy to have food on the table but now that is no longer good enough. I have been to China a few times and they are being "sold" to on a massive scale. This is done by companies who have had decades to perfect their strategy in the
western world and I am sure it is overwhelming for this neophyte population. Keeping up with the Wangs is their new way of life, the world of "more".
I understood that many Chinese firms are turning to automation and robotics to do repetitive tasks at a much cheaper cost. The trouble is that European and American companies can automate too and save on transport costs etc.
not to the same scale though
Our diversity is our biggest strength. 🇺🇸
Ironic that there's an old chinese saying adopted here in the West though slightly modified: "Don't put all your eggs in one basket".
Our accountants couldn't care less about that … just the dollar and their own pockets.
But BigChing just makes gigantic baskets 😈
@@harrycurrie9664 👏👏👏👏
My grandma used to put all her eggs in one basket
American jobs come back here and everyone will be happy and safe
True that. Not just in America as other nations like Japan and Australia also yearn for products to be manufacture in our respective countries. And though products will cost more in the future, it will be of superior quality and money will no longer flow out to china.
@@joet4811 Wont cost just a little more though, everything will cost a LOT MORE. So many items are so cheap today that it doesnt even seem possible someone could have made a profit, all because they were made in China.
The Americans should be ready to work for those shittier jobs previous enrolled by job seekers in the foreign country, eg China. Same goes with India, as there are western countries who are outsourcing the jobs which should have been for locals eg UK, Call Center Jobs in India.
The poor gets the income they require to survive but they are migrants from villages and poor countryside who come to cities in search of jobs, that's one of the reasons for poverty in cities along with the rich, middle class.
Chinese jobs going to Mexico
@@joejones9520 We all know it will cost more, but putting all eggs in one basket is very dangerous. That is why Japan's policy now is "I don't care where you relocate to, just get out of china". Though Abe has encouraged that jobs should come back to Japan. You do know that 3M, the maufacturer who produces masks in china are not allowed to export it's masks, even though it's masks are meant for export.
Still waiting in 2024
We've been hearing this for years.
cheap labor could not be miracle,
要賺錢 絕對不能只靠勞力
Yes a miracle for who???" Hey Family My pay just got cut by 90% what a MIRACLE !!!" I can't write in Chinese but it looks cool
I am watching this in 2023.
Hahahahhaha……
The end of the Chinese miracle ….since 1970 to 2023 and beyond.
While this video is 7 years old, it's still interesting and informative. I enjoyed the perspective from the individual. It's funny how the interviewee looked so run down and haggard when in the city....yet, once he returned home, he looked healthier and happier.
*Cheaper* costs a whole lot more in many ways, especially human cost.
That aged well
Western countries in pursuit of cheap labour have shifted their manufacturing establishment to China all in one basket not anticipating this will lead to their downfall in the foreseeable future. Chinese are experts in reverse engineering without dedicated R & D facilities. The United States of America had plans to rule the technological world but that also misfires for various reasons. Chinese are experts in hacking and nothing can be kept secret. It is heartening to note that the Western countries, EU, and other countries have realised the need for relocating their manufacturing sector from China which may prove to be a serious blow to them.
And this was 2016. It has become much worse now with more jobs lost and people having to go back to the countryside or the small towns they came from. But these people are the heart of China for anyone who spent time there years ago. While you meet and make friends with a class of people who are on their way up, already becoming accustomed to a better living standard, educated, with good jobs and many who have learned a good deal of English, it was these people who captured my heart in the mid 90's. Having come from a very poor family myself it was easy to identify and communicate on a more human level with less verbiage. These people are not the CCP anymore than the poorest people in any country can be equated with their ruling class. They are as much the salt of the Earth as were the people I grew up with in America in the 1930's. May God care for them.
This is ageing very, very well indeed.
2021 - I dont see any end at all.
Chine had the most amazing experience in globalization. They are very hard working and disciplinary. Many company from USA and EU left them countries and work in Chinese industry. Low payments of freehand workers not taxpayers too. So all this money go in packets of the business owners. They creadt a higher wealth.. Chine economy grow very fast and up 9%gdp USA economy slow and bad shape the same EU. Now it's not pandemic which cread the gap. But slow of corporate to USA which help a lot China England has been. Not fairly with Chinese politics. For the reason Hong Kong. I believe there have a state which take cares Tham self by the constitution. .
8 yeas later, FT should film another "The end of the Chinese miracle " lol
I noticed it said about the difficulty of over 35s to get jobs, so surely what is likely to happen will be for Chinese firms to be forced to take older works to at least partially offset the demographics? As happened in the west. Also, near the end, it said China's slowing economy is hitting the commodity producers, but surely China being mainly a producer for exports, the slowing demand ultimately is from the US and EU? Some of the slowdown is Chinese - presumably some demand there will also slow, but the west is the biggest take for their goods. There are lots of co-dependencies in the global economy.
Financial Times 2016: The end of the Chinese miracle.
Financial Times 2020: The end of the American dream.
American dream: a nightmare for the rest of the world.
Financial times may end . How can we expect a country with 3000yrs old civilization will end as you broadcast?
China still going strong..infact innovating to be market leader...
Every year a new report of Chinese miracle ending but its growing to be more super power.
Monday, Wednesday, Friday: China is collapsing;
Tuesday, Thursday, Sunday: China is a super power and huge threat to the freeworld.
Saturday: it's the Sabbath.
Not really a balanced picture of all of China. Two specific but unnamed reports from clearly poorer areas of China related to migration and one of illegal immigration and employment by Chinese business owners, with some statements about the economy slowing down because outsourcing will go elsewhere That's like having three reports from East Anglia about seasonal potato pickers, for farmers and illegal immigrants and extrapolating that the the UK economic model. Pointless report.
The great awakening on China!!!!!!
Not so great tbh.
Every Chinese movie I ever saw all you got to do to make things better is learn Kung Fu.
Other countries analyze and talk too much about the demise of the Chinese economy. Unless the western nations do the same horrible things they did a long time ago with guns and and drugs, China will be the dominant economic power worldwide. They are now in my opinion. It is not the type of government but the character of the people itself that will make that possible. I lived, went to school, done business, and socialized with them. That's how I know.
Your comment is a ray of sunshine amongst the dark hatred and sheer ignorance of many of the others. Thank you.
We love the Chinese People.
🇺🇸☮️ 🇨🇳
CCP ~ not so much
Older workers are not wanted in the USA either.
In economy , these are the fundamental essence of the economy human wants , urge , & desires ...... This is where the government overlook by controlling the demand & supply .... Have to allow the economy to work naturally ..... Look at each person desires , urges & wants ....
An economic model that assumes constant growth isn’t sustainable when the resources which make that growth after finite. Isn’t it actually a good thing for the world to use its resources more slowly and carefully? Rather than just squander them? If there’s less economic fairness, maybe that a price we all have to pay?
This video did not address Chinese investment in other Asian countries, African countries, middle East and others
The belt and road has already begun. They have been investing, and even the biggest USA pork company is owned by the Chinese.
China is not going to collapse, they just open up shop I other countries, just like the west did
In 1000 years, when they explore the cities no one ever lived in... they WILL scratch their heads bald wondering what was going on !
those cities aren't sound either. people living in china where talking about how most of these building where falling apart or actually collapsing with and with out people in them and the chinese government doesn't even talk about it when it happens. so i don't think now of those building will be standing after that long.
Wish I could have place to go home. Poor or not.
Noodles anywhere at anytime.
People of China, for the time being, is "where ignorance is bliss, 'tis folly to be wise " .
However when dying is worth more important than living then revolution is the only hope.
Ironically, 4 year after this video was made, China becomes even wealthier and better. Slap your own face.
you mean soon to be bankrupted
IT ABOUT TIME IT'S OVER AMERICAN COMPANIES USE CHINESE LABOR BECAUSE IT'S FREE SO THEY CAN MAKE
5000 PERCENT PROFIT AND AMERICAN PEOPLE DON'T GET ANY DISCOUNT FOR THAT EVERY ONE DESERVES A DECENT PAY FOR THEIR SERVICES AND A RETIREMENT PLAN THAT WHY AMERICAN COMPANIES GO THEIR FOR FREE LABOR AND DON'T HAVE TO PAY FOR THEIR RETIREMENT OR SOCIAL SECURITY I TRY TO BUY MADE IN AMERICA BUT IT'S VERY VERY HARD THANK GOD FOR PRESIDENT TRUMP HE IS TRYING TO BRING BACK THE MANUFACTURING BACK TO AMERICA WE ARE STILL GOING PAY REGARDLESS
AMERICAN COMPANIES ARE GREEDY.
IT USED TO BE THAT A COMPANY OWNER WOULD MAKE 100 TIMES
THE AVERAGE WORKER. NOW THEY
MAKE A MILLION TIMES A AVERAGE WORKER THEY DON'T HAVE TO PAY FOR
ANY HEALTH CARE OR PENSIONS OR
SOCIAL SECURITY.. IT ALL GOES IN THEIR POCKETS.. IT'S HAS TO STOP..
Japan just followed suit and just announced that it will relocate all manufacturing out of china. Great news and hope other nations do the same.
If there is DEMAND, There is SUPPLY.
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.
It also went in a generation from 90%+ illiteracy to less than 10%.
@Kekistani Refugee ...or more.
China's economic miracle only has its achievements collect by fewer than 1% of the population. The richest 1% of the Chinese population holds over 52% of the entire country's money. If you still say many people's lives are improved, that's not really the case.
who else time-traveled from 2021 and is watching this through a fleshlight?
These factories in China represent a larger global issue: mass consumption. If we stop focusing on quantity and on quality it would be easier to bring western factories home. This excessive demand needs to stop and the very people responsible for creating this insatiable demand, must take a hard look at the world they’ve created. In the case they don’t, we must do it for them because we represent the future. Overconsumption must be left in the past, only then can we get closer to tackling this major issue that put the ccp in this position where they don’t face the repercussions of their actions. Of course the issue is a lot more complex with so many layers, but the point I want to highlight is that we need to stop over consumption. Jobs are created due to innovative ideas that create needs.
If the people in eg US can work in the factory without a fuss, there's no problem, but if the workers have demands they will close the factory and establish a factory in China, where there's cheap labour but the Chinese workers have demands, the factory will be closed and will be shifted to another country where there's cheap labour, unfortunately this cycle continues. The solution is that the government should intervene, as well as the workers and the factory management and solve this never ending cycle.
Its the same in cases of taxes, if the government imposes heavy taxes on corporations, they will simply move to another city or another country.
There should be a midline between the government and corporations as well as the workers, or job seekers.
That's quite compelling, That Will only happen in a perfect world.
I believe this was the root cause why many companies went to China
*Workers wants* plus stupid regulations from government's! Hopefully President Trump will de regulate this more so companies can make a profit so employees can also prosper!
if consumers will have to pay more for everything made in china (and they will) more opportunity to open up factories in our own countries,
0:07 "china has reached an infection point"
oh that aged well
only focus on labour cost ?
Hard to imagine 88 London’s.
I cannot imagine what’s worse than one.
*China is not just cheap labour. It is also about supply chain unmatched anywhere in the world! And China is moving up the value chain! And it has the biggest consumer market in the world! China will keep growing although at varying pace!*
Big thanks. We need foreign media to know more about this country.
All the companys should migrate outside of China.
About time that all Nations become self-sufficient again, not relying on cheap labour in corrupt countries, who enslave their people to work for a starvation wage. Hopefully, the world will become a better place after this pandemic. Maybe people have learnt something. Politicians may work again for their own countries, not for a few selected multinational who have started globalisation which have brought nothing but hardship to all and to many cheap manufactured goods.
This video only took the picture of the poor group people who are living in low social level. In justice, you should show us the middle life level of Chinese people.
my wife always asked how clothes were so cheap , my answer was always because of slave workers in prison camps and re education camps . Do not forget the trade in human kidneys from murdered Fallon gong followers
After 2008 crisis i usually have a look where product is from .... if possible i stick to made in EU or US.
We need to develop a more ecologically sustainable global economy otherwise we will destroy the planet on which we depend 💚
Unless there is a major catastrophe, the number of humans will itself determine our fate...
@@davidpeters6536 Totally true!
Actually, we ought to define what it means - "our needs"! Unfortunately, a question that arises by that immediately - "What's the meaning of life?" !... (((
steve crawford Population is mostly rising now because of inertia, and developed nations have lower than replacement birth rates. The problem isn’t births. Unless you plan on Thanosing the population of Earth, there’s going to be at least 10B people.
Humans will never do this
We will however have another war, soon right over here in Asia
The use of nukes will happen in ten to twenty years,
Too many people not enough fish.. developing country all want what the west has,,,,each time a country begins to make money they will want more stuff and FOOD
I had all you can eat yesterday
Sunday afternoon here is like a bunch of rabid feral dogs car across a pork chop truck
Savages...if you have been hungry for so long you eat too much, crazy
This is what's going on, not good or bad, just is,,,and someday as Asia begins to right, it's going to be ugly
@steve crawford how do you control a population
How do you in the west tell other developing nation
To give up,,,,what you have and have had?
The west and Japan are fading, immigration keeps those numbers up
Who gets controlled? Asia s America Africa Mexico
USA is third after China and India, at least a few years ago maybe USA?
The next war will determine who
笑点解析：8年前
Good. Most Asians countries like this, just plain true. Too many, can't trust. Ever. Except Japan. Very good people.
One day we'll realize that it all has to be sustainable. Cant grow forever like this on one planet
And the growth is only man defined growth
Thankyou. Astonishingly informative. Sparkles with interest.
DT is ran by Gordon Chang? 🤣🤣🤣
It is the goverment that is the problem, NOT the people.
The miracle happened by the hard efforts by the Chinese during last 40 years. Now no one can avoid Chinese. Please don't try to ignore the facts.
Cheap labour. The rock on which we all eventually flounder.
The same here in the USA
I know many people going back their country
Even miracles have its own limits.
there is a marked difference in the attitude of Chinese clothing on eBay, where once the prices were Australian dollars it is now american dollars, and a much higher cost, also the sizes are now Asian or american, it seems that china no longer even cares to make a show to selling to the Australia market. I was never naive enough to believe i was dealing with a privately owned company, the ccp had the ruling hand, now it no longer needs Australian money, it doesn't want our buisness
It's probably mad that Australia has turned into a land of politically correct wussies where none of the websites or news channels allow comments anymore
" He who lives by a legalized sword will perish by a legalized sword."
-Ayn Rand-
I don't get your statement, please help me understand by explaining further. Thank you in advance.
What happens when these companies run out of places to pay people super low wages. Do they think the Vietnamese are not going want higher wages too.
Similar happenings when minimum wage is increased. Businesses close or automate. People lose jobs, entry level positions become scarce.
I don’t agree with a minimum wage because everyone should be in a union and therefor have collective bargaining powers, but businesses should have the sense to increase their prices in order to avoid closure. Also minimum wage increase should coincide with small business tax breaks as well as tax hikes on the wealthy, large corporations and Capital gains. So the bottom and middle benefit from such. No need to punish the poor because the rich are greedy.
Damn the scooters,alot of them!We'll all figure it out,this time exsplain Royalties on products.
And asking to use or sell by Royalty pay in.
So it takes to walk the path to realise it wasnt worth it in your life and return to nature
How wonderful that this culture expects support to needy family members.L ook at yours do you help as many members that you see need you? Time and entertainment is priceless,give of yourself everyday
the only way these other countries in Asia in the middle East can replicate China's success is to work closely with the American corporations and or American people
They need to recognize the progress they need to make now rather then before, outsourcing work like to India which has great business process outsourcing and re-exporting to the UK and even sending workers to work in Japan and the USA. Could be solutions to this reverse trend.
China investment I Africa Asia and middle East is quiet, Chinese business open in Africa, many manufacturing company are Chinese and operation In other countries.
China also buys utility stakes, power grids, power plants ports, air port, communication network, roads, and move people to other countries. They are at work doing what will help them later, the money going to China is being used for the future. They are playing the long game, and USA and the west are busy wanting more.....it is in some ways good for the country China gets into, but mostly it's colonial and will be very difficult to reverse.
I don't buy this video, they did not address fully the Chinese expansion....
When all the world's cheapest labor is exploited then what?
My German made boots are still intact after 8 years.......Fitted like a glove from day 1 .....Get more comfortable with age .meindl...My feet love you.
the Chinese work so hard, some migrants here live off our generous welfare for 50 yrs, just cry poor & go on unemployment benefits during their 30's to 68 yrs. then go on aged pension where it much higher, its all free. China is a great nation PRC they will progress, because they work.Biz goes up & down.
I'd rather do business with India. At least they're not communists.
@amberravine Agreed. Global Supply Chains are killing the planet also.
What's the deal with no voice over. That would have made this video. I can't listen to it when I have no reference for what's being said... too bad I wanted to know this info just not bad enough to have to read the screen
Your music while talking is distracting and irritating.
so is that tapping sound , and that bird and that cloud and that one guy...
China is a great country without cCp...
didn't age well
We are all American in our hearts
I wonder where were they made, the computers and cell phones people here are writing from //-)
The "millennials" should take note in China you are old at 35
@@darkale658 What Boomers are worried about is the naivety of these young people with their heads in the "cloud" and eyes glued to their phones.
Ok Boomer
Market Economy is going to collapse soon soon very soon for betterment of happy life with minimum money in hand .
It supposed to End in 1953
No , that was the beginning , the jew queen was crowned in england in 1953 !
Chinese jobs going away, away, away....to Ethiopia, Sri Lanka, Bangladesh, Vietnam, Mexico, Thailand....
For a lifelong migrant worker, he has surprisingly great teeth.
i have been in China for a while some of the people are nice
SOME of the people are nice is not going to start a rush to go there.
Obvious process of industrialisation and as labour costs rise, a move to high-tech high-skill employment and more off-shoring - just like in the West. Nothing new, just more of the same.
The Chinese miracle is unstoppable, sky is the limit.
Certain human race is good at something. African are good at running, boxing and basketball. Chinese are good at working. They are good at working, gambling and smoking.
Yes, working long hours for one hundred dollars a month
They also like San Francisco USA
They sht in the street