Harvard Economist Reveals Shocking SECRET About China In 2023
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- Опубліковано 30 чер 2024
- Dr. Keyu Jin is one of the most outstanding China insiders. She is a professor at the London School of Economics and has an incredible knowledge of how the US and China both work. In today's video I share with you her insights into China innovation and how China really works.
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#china #keyujin #china2023
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When it comes to IP, i've always thought the idea of supporting knowledge fiefdoms, especially in particular areas, stifles progress,
In a capitalist system where competition and innovation and heralded as crucial aspects of the system, it seems contradictory to have some privileged entities protected through such IP strangleholds.
In the same breath, you can flip the coin and question how else we are to reward and encourage innovation if there are no IP laws, and anyone can just snatch up a concept someone spent a lifetime and probably considerable amounts of money to research and perfect.
No one will want to sacrifice to innovate, putting much on the line if there isn't at least the prospect of a big reward, and anyone can just come out of left field (with little effort) and copy your hard work.
It seems our concepts of how to run a society, just like we humans ourselves, are fraught with contradictions xD
1:36 You are right about Xi being a dictator. If he isn't, then who says "no" to him? I see his purges - a hallmark of a dictator consolidating power. And the fact that he was allowed more presidential terms by votes about ~2400:0 is good inferential evidence that he is a dictator.
This means that everything that happens in China's economy (and China in general) is now essentially unknowable, because who really knows Xi? Businesses absolutely do not like the uncertainty that comes with this. Risk now goes through the roof. Whatever China's economic future looks like, it will be one with a lot less foreign investment and engagement.
1:36 You are right about Xi being a dictator. If he isn't, then who says "no" to him? I see his purges - a hallmark of a dictator consolidating power. And the fact that he was allowed more presidential terms by votes about ~2400:0 is good inferential evidence that he is a dictator.
This means that everything that happens in China's economy (and China in general) is now essentially unknowable, because who really knows Xi? Businesses absolutely do not like the uncertainty that comes with this. Risk now goes through the roof. Whatever China's economic future looks like, it will be one with a lot less foreign investment and engagement.
As far as i know about the chinese culture, Jin surname has Korean or Manchu or Mongol mixed ancestry.
This is such a good point. USA, parties change but policies do not. China party same but policies change. Mind blown.
Very common mistake in the West, so vital to understand
China's policy towards Hong Kong changed a lot in the last 26 years. The freedoms in Hong Kong are much more restricted.
@@MarkYeung1 that could be true. But the constant US meddling in HK leaves chona with no choice. The 2019 protest had the US shadow all over it. The US would use any mean to push for a color revolution to overthrow the chinese government, unfortunately the US didnt succeed. And that wont be the last time the US gonna try, they wont quit so easily!
@@MarkYeung1as told by someone freedom means different philosophy in difference cultures. National security in HK is beneficial for majority of it citizens from complete chaos , unnessacary distortion or regime changes
@@mamacryright5740 There's always a limit on national security on any country. China, United States, Russia, Canada all included.
National security should not be abused or misinterpreted. Russia used national security as a pretense to invade Ukraine.
Hong Kong government asks the citizens to go to public libraries to rat out and report books that are unfavourable to China. This doesn't help Hong Kong's reputation.
Cyrus Janssen is one of the few journalists who braves criticisms from home and dares to push the truths out into the world, not for his own sake, but for all those who are building their businesses and calculating their probabilities predicated on solid information. He may not have all the truths in his basket, but whatever little truths he discovers is better than lots of misleading 'truths' published by the MSM. Don't cease what you are doing, Cyrus, the world needs journalists like you. Kudos to Cyrus Janssen!
I was particularly impressed when he advocated the US put aside its security needs to work to make China a world power.
When I lived in China I saw a lot of things that puzzled me, especially in regards to the economy - things that according to my Western mind shouldn't work but somehow did, and I accepted them on that level. I had a lot of Ah Ha!! moments reading Dr. Jin's “The New China Playbook” putting what I had seen together with her explanations. I only wish that other Westerners, and especially the Western press, could have the same experience.
It is disheartening to me that even after 40 years of the most astonishing accomplishments in world history the West cannot put aside its cultural biases long enough to try to understand that something truly different is going on in China and figure out what it is.
Bob, what made you think that the West does not understand communist China': What communist China ultimately wants, how communist China works. One only has to look at the South China Sea dispute to understand communist China.
As for the nonsense about the need for the West and China to work together to solve the world's problems, one only has to look at how communist China treats its citizens to know that if communist China does not give a damn about its own people, why in the world would they give a damn about the world's problems if those problems do not directly impact the Chinese communists?
@@kenbehrens5778 US is a warmonging expansionist power since its independence. She just don't allow any countries that threaten its hegemonic status. See what happen to Japan in the 1980s which could easily surpass US economically and technologically but the US suppressed it. As a WWII defeatist, the Japs has no choice and now become a vassal state to the US. Unlike USSR, China is a different ball game, the US decline in world stage gradually is inevitable. I wish Australia politicians will make wise choice in dealing with China and don't create an imaginary enemy when the Yankee said so.
🙏👍🙏@@kenbehrens5778
Lol !
Historic mass oppression on a galactically horrifying scale equalled only by a mass global delusion that this is somehow all okay because, China?
That's my best shot.
Empirically I understood some years ago that the country that lift up 800 million of people out of poverty in just 30 years is not an autoritarian close minded country
Exactly
China is an autocracy. While China economically has come along way Xi is turning the clock back to more state control.
That was before Xi Jinping got into power. He's turning into authoritarian close minded country.
How about Bulgaria ? Or Russia? Or Venezuela? Bc they all have higher per cap GDPs 😂 when you factor in having 15%+ of the world's population, it's a little less impressive isn't it?
Voce não compreendeu nada, reveja tudo e pare de se iludir.
_"Do not worry if others do not understand you. Instead, worry if you do not understand others."_ - Confucius
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见，而且很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见。
轮子不许说中国的坏话。
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capital income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
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I assume you know that China is in deflation.
@@shannonsally455My wife's birthday was a few months ago so I took a few grand out of savings and got her some of that nice yellow shiny stuff.
The western governments of course understand China. They have so many consultants or China specialists. There are also many Chinese immigrants in their countries. They know that Chinese is not an aggressive race. The main concern is that they are afraid China catches up and they could lose their superiority or business interest. It is not all about democracy or human rights which have become political tools for the western countries, especially US, to control other countries.
Hundreds of years ago, the Crusaders went to the East to plunder wealth under the banner of religious belief. Now the flag has been changed to Democracy and Freedom. Moral excuses always make people feel better and attract a lot of ignorant people.
Their human right advocacy nonsense will not work on China unfortunately, the Chinese people are completely aware of the US's tactics in toppling rising governments across the world
"They know that Chinese is not an aggressive race."... What does India say about that? Or Vietnam and their Paracel Islands?
@@JR-ng9yolmao look at japan germany first
@@JR-ng9yo我拿走了你的财产希望你不要生气！😂😂😂是吧？哈哈哈哈哈哈😂
Keyu Jin. If you see this message , please make a UA-cam channel. China needs more fluent English speakers to tell Chinas story well. The west will keep demonizing Chinese unless we have smart and intelligent speakers to combat the slander from western people
Slander is much worse from the Chinese.
@@JohnSmith-sm7ezinterestingly, slander from the Chinese side is mild in comparison to the western’s style of insinuations & false narratives.
@@JohnSmith-sm7ezIs it John? Watching from Australia I see a lot of very negative coverage of China in our media including public service media that claims to be "independent." Some Chinese media can also be quite negative about us but they don't go to such extremes.
@@JohnSmith-sm7ezfor example?
@@JohnSmith-sm7ez bot alert
I look forward to your information on China. Western media is so biased. Unless I missed it, they didn't even talk about the latest BRICS Summit that just happened from August 22nd to August 24th.
Germany DW does.... But with a bit hegemony narratives however close to 65% ~ 70% Germany citizens has awakened I presumed in latest polls
go to duran or either of the alexs.... they talked about the brics
BRICS will soon be welcoming new members.
Thank you@@antwango
Thank you@@Shenzhou. Yes, in January 2024.
Not the world. Just the west.😅
@@TacticalMayo The end result is a *multi-polar* world, dominated by multiple voices, rather than the *uni-polar* world dominated by a single voice (namely that of the U.S and its _"allies")._
I've read her book. Captivating, very well-written.
Is it the truth?
@@JR-ng9yo, nobody really knows the truth. If anyone claimed they know, we shouldn't believe them, right? She wrote the book in an academic way, trying to present both the "American-concern" and the "alternative to the West way of doing things" perspectives. I think she'd make a level-headed politician if she decides to run one day.
A very excellent book.
Hi Cyrus, good video on how China really works, I live China for 3yrs in szechuan, the only trouble is the US government they want to keep there hegemonic power over world by intimidating coerce and bully countries
at all costs, you can see it in there actions words say thing and actions say another , as the
the indigenous peoples of America when got to know white man ways, they would say white he speak with forked tongue, China will never be subjugated and bullied by any Western powers, after 100yrs of humiliation, American governments past and present will never understand the Chinese peoples it there history and culture that makes what there are today 🙏 amituofu
@@TacticalMayo Not everyone gets to be number one all the time, why not allow others to take up that position?
@@TacticalMayo yes I know one of the neocons senators said if we go down we take everyone with us, the only way that happens nuclear
Annihilation of the planet, US is not democracy anymore far way from founding fathers and President Eisenhower for told of industrial complex and neocons taking over power and money, 🙏 amituofu
I'm a big fan of keyu jin. The main issue I have with her is that she gives too much respect to the west and in debates often allows the opponent to spew lies about China. I assume her strategy is to choose her battles carefully and not fight every one or she will be bogged down and lose creditability with the audience who is usually mostly anti China, but it still works me haha. But she is definitely a great advocate. Still fully support her
She does not want to participate in a shouting match, she does not want to keep on repeating herself just to make herself heard by the other person. Once should be enough if the other person is really listening to what she was saying.
Most often, those who participate to these media discussions don't listen, they just want to yell their message and want to manipulate the time as much as possible. It is up to the audience to use critical thinking and get the message the each participant is trying to convey.
Chinese mentality tends towards seeking harmonious relations, which is probably a drawback when it comes to debates in the West.
Yeah I get all that. Just sometimes looks like she concedes things, unfortunately even though she shouldn't need to. I guess she doesn't actually concede, she just doesn't argue like I said. Again, I think she's probably doing the right thing and I fully support her
@@Kentalot As I have said, these are TV slots, they only have a limited time. She just thinks it is but proper to state your case and not waste your time keeping on repeating to answer questions which shouldn't have been asked if they just listened to her in the first place and really thought critically on it.
Panelists go there not to be convinced otherwise, they go there to talk over the other guests and think winning the argument is to not let the other guys talk, or at least monopolize the time
She see's the problems China faces. Watch some of her older video's. She was a lot more bullish on China back then.
Americans' view of China focuses only through a narrow prism of circa 1949-1990, believing that period alone represented China and Chinese culture. With its own 350 years history of native people genocide, slavery, military aggression, and world dominance, US has great difficulty wrapping its head around and comprehend China's 5000 years history of ebb and flow of prosperity, exploration, innovation, entrepreneurship, pursuit of harmony, and non-colonialism national characters.
True
Also history of slavery in china obviously and still 5.8 million slaves today.
Chinese empire was horrific.
History repeats . Tyranny coming soon.
Talk about riding China's jock.
Brilliant! Yukon Huang, ex World Bank for USSR and China, has explained how China works in a book and video some 3-4years back. If anyone needs more proof that Prof Jin is right, find the book or the video and learn. Thanks, Cyrus!
Yukon Huang is extremely brilliant and explained very well how China works.
A scholar who truly has a real understanding of Chinese language, culture, psyche, etc.
Also, Prof Martin Jacques and Prof Zhang Weiwei.
Truly is!
A Psique chinesa é copiar, falsificar, roubar as ideias dos outros, ameaçar e poluir.
🙂👍🙏@@ysw8291
@@CyrusJanssenhey how much are you paid to run this channel?
Great economist. Her book says everything about the success of China and also iits weaknesses. A book mandatory for Americans that are submerged by myths. As an European I must confess that China is the country where my eyes are more focused now
You need to read her book. I did.
Sure...
@@MarkYeung1 What have you learned from her book?
Bottom line, all need to work together in joint cooperation to bring forth a peaceful world. ❤
Problem at the moment is that Western governments have ruled a unipolar world for 30 plus years and they like it just the way it is (was). A multi polar world is coming, with the USG kicking and screaming all the way.
China sees win-win cooperation.
U.S sees a zero sum game.
dream on.....
US is not there to work it just want to dominate.
And don't coerce, bully those weak small countries
0:00: 🌍 China and the West must work together to solve global challenges.
3:07: 🔒 Chinese Innovation is driven by fierce domestic competition and imitation.
6:12: 📚 Dr. Jin explains that there is more than one way of making things work and acknowledges the strengths of both the US and China in the tech industry.
9:14: 🇨🇳 China's economic decentralization and local government support for tech companies contribute to its innovation and growth.
12:18: 🌍 China should not be seen as a dystopian dictatorship and it is important to look beyond mainstream media to understand the country.
Recap by Tammy AI
It's looking more and more like a dystopian dictatorship. Why not view China that way?
"China and the West must work together to solve global challenges." -- to work with China is to sanction its behaviors at home and abroad.
The West (including Japan, S Korea, Taiwan, Singapore and the former Hong Kong) was fine without the Soviet Bloc and commie China during Cold War. It was the latter that were suffering back then.
The West (minus Hong Kong) will continue to be fine this 2nd time around without Commie China but with Warsaw Treaty countries (minus Russia).
China, Russia, N Korea, Iran and some military dictatorships in Africa belong to each other. They can form a bloc of misery of their own
China has a history of not playing by the international rules. How can they "work together" when China has ignored the rules for so long. Change is coming, because the West is sick of the Chinese one-sided play book.
@@Partysize2 What are the "internaltional rules"? Who set the rules? Who have agreed to the rules? Who are benefited by these rules? Who are following the rules? Are these rules FAIR? I doubt that you know what the international rules are.
Apparently China doesn't know the rules either. Don't steal technology from other Countries that do business with you. Like China does. Doesn't matter who makes the rules, the rule could be made by a single company who does business with Countries who agree with their terms of contract and then honor the agreement. Have you been living in a cave? @@hyc1266
Been following her since she joined LSE.
She is bright and beautiful.
LSE is lucky to have one of China’s best.
孔子说：“不怕别人不了解自己，只怕自己不了解别人。
_Confucius said: "Don't be afraid that others don't understand you, but be afraid that you don't understand others."_
...
Words of wisdom to live by.
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见，而且很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见。
轮子不许说中国的坏话。
She is one of a few Chinese scholars working n living in Europe who wouldn't mind to step up, break culture differences n help elites of the west better understand China today as well as the past (usually by making good use of indisputable economic statistics), that means before debunk any lies or prejudices as to China she gotta deeply understand west narratives with respect to the 'rule based order', quitely go along n get along with it (during debates or fireside dialogue), n then wisely have its fatal falseness exposed.
I applaud people like here. I also had the opportunity to study abroad and learn English to act as a bridge between both cultures, but I was appalled at how China is being portrayed in the West. Whenever I bring up China's achievements, some Westerners (but not all) just laughed at me, calling me brainwashed, and some even told me to _"Go back to China if you like it there!"_ Even though many of them have never actually set foot inside China and seen what life is really like here.
yes its disappointing to see Chinese in USA and Europe say a lot of nonsense about china just to be famous and to get likes on their social media
@@Shenzhou.
The Chinese are even so NAIVE as to actually believe that THEY are the ones responsible for their good economic fortunes, when in fact they are nothing but the recipients of a massive wealth transfer from West to East, all due to the greed of the Angloshpheres entity who used China to launder their illegal profits.
@Shenzhou. What is the underlying factor in the west's widespread, impenetrable disdain and even hatred of China? If I remember correctly about a survey, over 90% of Americans don't trust China.
One could put it down to ignorance. But ignnorance on this extreme scale needs an explanation. After all, it's not that information about China is not available to people in the west. Such information is freely and easily accessible.
In my view, the cause of such extreme, almost unshakable disdain or hatred of China is racism.
山高皇帝远 literally means "The mountains are high & the emperor is far away". It means that the governing authorities are either too far away or not paying attention to what is happening. It has a negative connotation & the way it was used here was not appropriate. Sorry Cyrus, I love the video but I just have to point this out.
It can be both positive and negative. When a Chinese says this to endorse quick and effective reforms without attracting too much national attention, he or she always means it in a good way.
If I had to choose between a system that offers the illusion of choice through a two-party system with no real change to policy and a system which drops such pretenses but actually has policies that work, I'd prefer the latter every time.
works for what? GDP per capita? Housing price? Pollution/Natural disasters of all kinds(COVID)? I mean, you can't drop the pretense much more than China.
Couldn't agree more
That’s how a Chinese thinks - does it work? 😊
West assume that all authoritarianic rules are bad . Does that hold water?
@@tonytan6547 Many democracy lovers pretend their fake cups will hold water.
Excellent content Cyrus.
America only has one major smartphone brand, Apple, so there's hardly any competition.
China has many smartphone brands like Huawei, Xiaomi, ZTE, Oppo, Vivo, Lenovo, so there's plenty of competition.
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见，而且很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了，而且西方媒体对中国太傲慢与偏见。
老实说翻墙之后，就觉得很多美国人已经被美媒洗脑了。
老实说翻墙之后，就觉得西方媒体对中国太傲慢与偏见。
Apple is the largest among all companies, thanks to US govt protection. Without killing Huawei, Huawei wil be the best company in telecommunication, from 5G base station down to smartphone, a complete top to bottom.
🎯 Key Takeaways for quick navigation:
01:22 🇨🇳 China's government is changing all the time, despite the perception of it being rigid and unchanging.
05:02 🤝 Fierce domestic competition in China drives innovation and collaboration.
07:10 🚫 Western companies often fail in China because they don't understand the local market and adapt to local conditions.
09:05 🏭 Local governments in China play a central role in driving business growth and innovation.
13:26 🌍 Collaboration and competition between the US and China is crucial for a better world.
The two main changes: 1). Xi Jinping purges many people from the government on a regular basis because he fears being overthrown. 2). Xi Jinping lurches between policies like a chicken with its head cut off. Just look at how he handled Covid. Complete lockdown and then a complete reversal of that.
Yes, the Chinese communist government is changing all the time, but for the worse and all for jingoism with all the brainwashing of Chinese children and students about the century of humiliation by the West and the "evil" Japanese when in fact far more Chinese died at the hands of the Chinese communists than at the hands of the former imperial Japan.
Western governments n companies want the whole world to adapt to them !
US will not change untill its dinasaur politicians are replaced with younger generations who understand what WIFI is.
"Local governments in China play a central role in driving business growth and innovation"...
The local governments are NOT small either. Some of them have populations that far exceed many developed countries. For instance, Shanghai, Chongqing, Shenzhen and many other cities are bigger than whole countries like Australia, Canada, Netherlands, Sweden, Finland, etc. with GDP and budgets bigger than many countries.
don't really matter to europeans. push comes to shove, theft, loot, wars are simpler and more profitable then working hard and earning a living.
Even local goverments have to have IQ points of 140, I was told. Xi Jin Ping must have high IQ points, otherwise he could not be able to rise to present post. Even Chinese Universities such as Peking and Tsinghua university only accept geniuses. The rest can go to study in other countries.
Thanks, great video. I want to visit China and hope the world will work together to calm the hostility that seems to be prevalent in dealings between China and Western Countries. We all lose when we don't work together.
Thank you Cyrus and Keyu, for this valuable storying of the China US relationship; as it could and should be if and when the US political elite can overcome their fundamentally flawed fear and insecurity regarding China. China is already too big and too smart to fail, whereas the US while also being big, it is not being very smart and could fail big time.
History repeat itself, there the Roman Empire, Ottoman Empire, British, Catholic?
Good morning ,Cyrus great program,She is very fair and balanced well educated Dr Jin is a rare voice just like Kishore in Singapore
Thanks
The biggest advantage is that they don't have 4 year terms with a max of 2.
I don't think so. 4 year term is only for the US. Other European countries don't apply. The biggest advantage for China in my opinion is having a one party system, so they focus on solving their country's problems instead of focusing with politics and rhetoric. Imagine if you can't blame another party for the problems the country is facing, you will make sure to solve it.
The biggest difference between the multi-party 4 years term leaders and the single party lifetime leaders is the degree of commitment and sense of responsibility to the welfare of the people they served.
China has 5-year plans, 10-year plans, 20-year plans, 30-year plans to chart the country's course and by abolishing the term limits, our leaders can remain in power long-term to see these plans bloom and come to fruition in 2025, 2030, 2040, 2050. Whereas the U.S president has to step down after *4-8 years* so they are unable to make long-term plans that span *10 years* or more for America's future.
Chinese leaders' political terms start from high schools and universities. And only the best of the bests got to lead.
@@orangutan4696 Welfare of the people instead of welfare for the doners
Cyrus your videos are very very educational ..they open our eyes on china
So glad you enjoyed!
It all depends who 'our' is? 😅
China does amaze me how drastically they've grown.
Dr. Jin, your portfolio is highly respected. Honestly I salute you always and highest respect and regards to you.
According to certain economists, there are projections indicating the possibility of the United States and certain parts of Europe experiencing a recession during a portion of 2023. While a global recession, which refers to a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of China and emerging markets compared to developed economies, it is important to note that if economic growth lags behind population growth, the world economy is generally regarded as being in a recession.
Given the current delicate economic season, it may be difficult or ineffective to take significant action on your own. Therefore, I would strongly recommend seeking the expertise of a financial professional who can offer valuable financial guidance and assistance.
That's absolutely correct! Thanks to my Financial Advisor's implementation of defensive strategies, I have been able to significantly grow my portfolio from $50K to $189K during this challenging market period. These strategies have proven effective in reducing vulnerability to market downturns.
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The coach who provides guidance is “Colleen Janie Towe . You may already be familiar with her, as she is quite well-known in her field. I discovered her through a Newsweek report, and I encourage you to look her up to learn more about her expertise and reputation.
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Yes, Dr Keyu Jin is brilliant and balanced.
Dr. Jin is absolutely correct, thx Cyrus for sharing💯
Thanks to Cyrus, many of us outside have begun to understand how the Chinese system works and are amazed.
One famous adage “you can change system but you can NOT change the party in China, whilst you can change the party but can NOT change system in US”. This best explain how dynamic CPC is to meet Chinese people insatiable demands in all directions and the secret is never hidden by CPC which is “never stop and never satisfy yourself in self-reform”. This can be further justified by the fact that CPC has approval rating over 90% amongst Chinese and still increasing by the years.
She is one of few Chinese scholars who have not been brainwashed.
can you define "bigotry" and "prejudice" for us?
Thank You!
grew up beijing, high sch nyc, harvard ba/phd. prof lse london, deep knowledge of both worlds.
@@siamcharm7904likely to be banana neoliberal.
Bot comments! Educated at London School of Economics? Yeah she's been brainwashed to neo-liberalism.
@@dayeah765caoni3You can see through her intentions by her background training and associations. That's why she gets to speak in so many western institutions, because she speak the Milton Friedman's language.
If you believe China is a peaceful and progressive country, raise your hand ✋🙋👍
🙋🏼♀️🙋🏼♀️🙋🏼♀️🙋🏼♀️
🙋🏼♀️🙋🏼♀️🙋🏼♀️🙋🏼♀️
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗 🇮🇳🤗 🇮🇳🤗 🇮🇳🤗
"i lost my hand in the war and now i'm homeless" --common in USA
✋
been following her for years her new book the new china playbook is outstanding.
Good explanation from Cyrus and Dr Jin. Well done!
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗 🇮🇳🤗
If Xi doesn't have the ambition to take Taiwan and support Russia, China would not be in trouble. Communist needs to go
Thanks, Cyrus, for introducing Dr. Jin. She makes some good arguments.
Huge advantage and greatest asset of China 🇨🇳 are Chinese people who are curious about other cultures. And their curiosity helps them to adopt, learn and create new skills. If the arrogant West will not start understanding and listening to other cultures then their arrogance will destroy themselves soon.
I would even wager than Chinese know more about the United States than Americans know about China.
Chinese making sweeping statement about arrogant west..At least we have a free press and can make our own minds up and vote accordingly
@@Andy-P You wish you could vote based on your will but you vote those who have been preselected to be elected. Same with media. Don’t be silly and assess what freedom you really have. Try to disagree openly with western narratives and you will see what will happen with your free speech.
@@kamilatusovamisezivot8326 free west is so different from Autocratic China. That's why Taiwan will fight along with America & allies
Speak for the country you spent all of your time in. This is redline of being a grateful person.
Dr. Keyu JIN is the daughter of AIIB’s president.
Interesting
I have to disagree with you on that title. Only neighboring Asian countries understand China and the people especially the people of ASEAN regions mainland since we are like family and relative since ancient times. The only two that feels indifferent are the Korean and Japanese because because of cultural isolation and lack people to people connections.
Can't say for SEA at all since China is claiming out territories
@@ysw8291 Irrelevant anyway. Culture is not in the genes.
Oh really. Historically China has never been able to extend past the first Island chain. Their clumsy handling of the South China Sea has all of their neighbours upset. Every country bordering it is moving towards the US militarily for what they perceive as Chinese aggression. This has not affected economically yet, but it could.
@@billyehh _"Historically China has never been able to extend past the first Island chain."_
During the Ming Dynasty, Chinese Admiral Zheng He made 7 naval voyages, visiting Africa, India and the Middle East. Zheng He led an armada of over 300 vessels, some of whom were huge, spanning 5-7 times the length of Columbus' _Santa Maria_ flagship. But the voyages were not for conquest of other lands, instead Zheng He focused on trading peacefully with other countries he visited.
@@billyehh Because they never wanted to. China is not an expansionist culture.
The SCS countries are also sinking each other's ships, without Chinese participation. China is surrounded by a lot of corrupt, idiotic neighbors. As soon as Taiwan has been reintegrated into China and Japan has returned the Diaoyu islands it stole from China, things will calm down a lot because China is and has to be aggressive only due to American aggression.
Hi Cyrus, another excellent video from you as always. Dr Jin is probably one of the really few economics guru today especially for her deep understanding of China and her honest views about it. We are really proud of her. The only one time I was ever disappointed by Dr Jin was when she was interviewed a few months back by an American clown and she let him off lightly despite all the shitty contents that was coming out from him…
Prof Martin Jacques and Prof Zhang Weiwei are both intellectuals who also share a deep understanding of Chinese culture, just like her.
@@Shenzhou. Agree
When I was in China it was booming, I went there for a holiday with my family. There might have been many advantages to the Chinese approach at the very least it was necessary to take high-risk debt to facilitate its unprecedented and rapid growth. But I think the goals have shifted I think de-globalization is a bit much but you will see a far less globalized marketplace. In introducing exogenous and entropy to the Chinese model on top of having internal problems on top of the Chinese demography issues I think the so-called unavoidable rise of China was much like the unavoidable rise of Japan that preceded it. How they bounce their economy back to the factory of the world with increasingly fewer orders and lack of foreign investment with collapsing real estate and wealth investment sectors seems dire. It is a pity because I am from Australia and it seems my nation has identified its greatest existential threat as China whilst simultaneously being economically most dependent on China.
"it seems my nation has identified its greatest existential threat as China", I recommend you to watch a video that Prof. John Mearsheimer explains clearly why Australia "sees" China as a threat. It is the US that ordered Australia to treat China as an enemy following the US. Sad to say, Australia has no independent foreign policy.
The US fears what it doesn't understand..
Thumbs up for you Cyrus. Thank you for speaking up for China. 🙏🙏🙏
这位 Dr Keyu Jin 在外国多年但不用洋名字，很佩服!
她父亲是金立群，基础设施银行行长
This is so true. My friends had setup business in china second tier cities and their strategy is to bring new model to 'open up' the market, make quite buck and quicky sell to the local or exit the market. The competition is so fierce over there even in small town. Your competitors are going to quickly copy any good ideas and improve on it by leap and bounds, only the strongest can survive.
Very good video. When western countries, especially the U.S., complains about unfair business environment what they mean is that they want other countries to give their companies unfair advantage over the locals like zero taxes for 50 years, less duties etc. Western companies for decades have enjoyed preferential treatment from 3rd world countries because of their military, political and economic clout. They always try to leverage their countries status to "convince" governments of other countries to give their companies big advantages.
Over the last few decades as some countries began to steadily grow. the governments of these countries began to slowly re-negotiate these one sided agreements after it expired, not only for more income for their government, but also so that their own local companies can compete more on an even footing against these bigger and well capitalized western companies. And as more Asian companies began to grow to the point that they now even try to enter western markets, western businesses complain that since they no longer enjoy the preferential agreements that they once enjoyed that other countries are being protectionist. It is just pure hypocrisy. It is a case of a person or company getting used to having big advantages over their local competitors that it is what they considered norm and their right. And when those advantages were diluted even for a bit they cry and try to get their governments to intervene to pressure government of other countries to acquiesce to their demands.
China gives so many direct and indirect subsidies to her manufacturers that make Chinese products so cheap while making her population poor as evidenced by low domestic consumption and deflation
I don't know why people don't make this comparison but China is structured almost the same as the EU, the only main difference is the EU Parliament is made up of different countries whereas the Chinese government is provinces and something tells me within the Chinese government there's a conscious awareness of that.
EU is nothing like China. Has freedom democracy ect ..
With a resume like hers I’ll take her word over 🇺🇸
Those institutions on her resume are all American-led
Base on the dates of WIOP(world intelligence property organization ), China has been filing and granting more patents than US and Japan since 2012.
Don’t believe the words, believe the deeds.
So refreshing to be informed with pertinent information and filled with inspiration. Much Gratitude For Your Telling Cyrus ✌️🤸
Cyrus, Hefei is not a small eastern town in China. Its a huge metropolis and is the capital of Anhui province. 😁
Every word of this guy is true. I work at a big international accounting firm in Shanghai, most of my clients are corporate clients. We call it "Nei Juan" (内卷) in China, meaning "competing to the death", it's sort of a self-mocking way of describing how fierce the competitions are in pretty much all business sectors in China. The level of competition surpasses most of the capitalistic developed countries. And like it or not, it is the main reason for high speed economic growth of this country.
Thank you for confirming and share you on the ground experience, much appreciated!
I have Chinese friends...very honnest & trustworthy people!
The west is not the world 💋
But Biden does not agree with you. In his mind, the world order is G7.
Love your show! Please educate people that don’t understand the East.
And you too need to educate the Chinese communists to understand universal human rights.
Bru, im FROM the east and this Dr women is a joke 😂.
China isn't the face of the East, it's an emerging economic power but I would sincerely advise the rest of the world to be very much cautious politically, it will be far more dangerous as it hates Religious beliefs, God and especially the 3 Devine Revelation ' Islam Judaism & Christianity along with other spirituality,civilization & cultures.
It's only good when you just follow it.
Cyrus, you're the man, the words and the point of view that you use are easily understood, neutral and inoffensive. I wish all Americans, especially the politicians be at least, objective on China. Main stream media in the US are poisons.😢
Never underestimate China.
Excellent video. Competition can definitely be a great and wonderful thing.
Meituan is a very good example, nothing to do with the govt, simply understand how the Chinese market works and they are not State Owned company. This blows away those myths people have been talking about communism was killing capitalism. China is not communism, people in the west just cannot see that and understand that at all, only judging the name on the cover of a book. China behaves like an American Corporation, no difference from Oracle, IBM and HP, just the same. It's a "corporation". The board picks the CEO & management based on merits and not popularity. That's how the company works!
So if meritocracy while Xi be fired if unemployment grows while the economy stagnates to low growth?
@@Andy-P I don't think so. I think (and the majority of us in China too) think he is doing a good job. You are looking at a short term result when we are under fire and attack by the United States. So that's as expected. One thing I buy the most is his willingness to clean up the corruption in China. Right now, I could easily send a letter to report the corruption whether it's govt related or non-govt related, and that they will investigate and take action. This is great, it's a bit like he 1974 ICAC being setup in Hongkong, Took them a while to root out these issues. I tell you, I struggle to hire people in Shanghai, our problem is, many young people are backed with a lot of money, and we are running into a Japan situation. Of course the market wants them to push out some stimulus package out, but I am afraid this is not as simple as it is. If they do a repeat like in 2012-13 ish, then the money will just simple flow into the housing marketing and inflate the prices once again. The 3 red lines introduction was going hurt the real estate sector, it was a neccessary move becoz many Tycoons in China, just borrowed too much money and then ship the money outside of the country by "buying" stuff. So popping this pimpo was neccessary, or we will face the same issue back in 1998 of the Housing market collapse in Hongkong, capitalism left unchecked.
There in lies the truth, competition fosters creativity and that is at the heart and of western capitalism that's held as a crowning glory. How can we imagine this to be taking place in China or Russia where we in the West have been lied to by the media and politicians.
Needless to say again, one of the most informative videos. Keep up the good work.
Glad you enjoyed it!
Cyrus, as valuable as the videos you make are, I wanted to ask you something. Can you make a video detailing China's most pressing problem, being corruption? Don't get me wrong, I appreciate your videos offering fresh insights on China, but I think that it is also important for audiences to learn about China's more unsavoury aspects. Thanks!
It is not a matter of whether the Imperial West Countries understand China. It is the Hegemonic US that demands America First and maintains World Domination under the American rule-based international order. But China insists on Mutual Respect Mutual Benefits and non-interference with each other's internal affairs. Such will be the state of affairs of the world until at least the end of this decade or a new world power equilibrium architecture is established
Her father is the President of Asian Infrastructure Investment Bank.
Man Cyrus I am so glad you are out there! I have been to China many times and I agree with everything you say in your videos! I hope we get to do a video together someday! Peace
ONE WHO CONTROLS THE MEDIA, CONTROLS WHAT THE PEOPLE WOULD THINK.
Love the continued efforts to keep the dialogue channels open, even if there are irreconcilable economic disagreements stemming from China's refusal to abide by it's WTO accession commitments. Interestingly, ITIF has well-documented China's shortfalls regarding those commitments.
We are lucky to have such an outstanding individual as Dr. Jin pointing the way toward the future.
At last somebody come out and speak something, we have to stand by hard truth and what’s right and wrong. There may be bad things while there are also good things in China. For the past few months, we had seen lots of change in their domestic policy and also a huge change in foreign policy. I believe that the west are all looking and we all knows that things are changing in China rapidly now. Good job.
Good video about how China is not a top-down controlled society but also why industrial policy in the west fails but can succeed in China. Competition drives innovation. The US is dominated by a small number of very large companies in each sector of the ecnomy. These large companies have agreed not to compete on price, informally. Industrial policy is where the govt allocates investment money instead of the private sector. The reason why it consistently fails in the US is because the people doing the allocating are stupid or rather they listed to experts from large corporations who've made political donations. When the money is private, if they make bad investment decisions, they go out of business. But bad decisions by the govt keeps going till the govt collapses. There no way to weed out people in US govt who make bad investment decisions. In China there is competition between cities and provinces. Mayors or other officials who consistently make bad investment decisions are fired. But there's still corruption, everywhere, and China's local govt investments, I would think is still less efficient than the US's private investment.
Well said Dr Ke Yu. Speak more to those innocents, arrogant Americans and the West
This is actually very similar to the Roman Empire but with conquered regions. The Roman's weren't in every town and every space. They simply ruled over regions while letting said regions maintain their own laws and regulations and practices as long as it didn't uproot the region/empire as a whole.
I think the title should be "why the collective West" doesn't understand China.
One word for China "WOW!"
Dr. Jin , maybe you should shift to the global south study. The rest of the word （85%） understands China more than the west (15%) though. The 15% always isolates themselves from the rest, claiming they are God chosen or more superior so they think they are too important to be ignored, but they can ignore others. Of course, it's all in their head, but they speak loudly to the world. Ever since BRICS announced the expansion, I am more interested in learning the global south than the well-known west. 😊
Some 10-20 years ago I had the pleasure to have several conversations with Chinese governors, mares and Police chief, and the thing that stood out is the openness they shared about the problems and opportunities of the Chinese system. Percentagewise, the West and China share similar figures of committed people to the development of thee country. They showed how the role and influence of these people in China is guaranteed and thus much larger. Although it is a militarily organized state, they like in the west serve the freedoms and obligations of all its members. This is something our western leaders sometimes seem to forget
The government in China is a one-party system that is a hybrid political technocracy. Given it's very wide mass base that reaches to the lowest social levels in the smallest villages, the screening process in place assures that only the best and most relevant ideas, the brightest minds and skills will rise to the top.
The info in this is old. Jin teachers at LSE and lives in the UK. Her information on China is frankly unremarkable for someone who knows China and she presents it in a very straightforward manner. That so many in the west find her book and her information surprising is indicative of just how clueless so many in the west are. Overall though for a western audience, she's probably one of the best starting points for those who want to actually learn what China is like.
Awesome lady ❤
I truly appreciated listening to her speaking!
Mind blowing🙏🙏💯✔️👌👌👌the glory of kind , noble China will spread all over world and live forever....pray to God.
Oops. My sincere gratitude to Dr. Jin for contributing opinions from Western and others for comparisons. Vital and most informative. TQVM.
There are many shades of the colour white..in other words, there is not just one white. There are many forms of democracy, not all of them work or are fair. Therefore the same applies to communism. China has a communism that works..not just for the country, but for the people too. 🇬🇧
" Pure capitalism does not work. Pure communism ( Soviet style ) does not work. The answer is a balance i.e. Chinese style, which is socialism with Chinese characteristics."
China is not communist. It is an authoritarian dictatorship with a centrally planned market economy. Read your MARX.
Like the Yin-Yang symbol☯. There is a small white dot in the black half as well as a small black dot in the white half, representing interconnectedness and the harmony of opposing forces.
Absolutely. Just like the communist movements in the US of the 1920s/30s are very different than say NK or USSR.
Sadly however most don't realized this fact.
@@katprowler6805 The communists in the US were probably the closest to Karl Marx because they never had the problem of governing. The rest are various corrupt authoritarian dictatorships.
This is so informative and important!!! Thank you for sharing Cyrus!! Always learn so much from you!!
Damn right. China plans for the future with its people as its priority. Thanks Cyrus for an informative session. No BS
she is one of china's precious treasure
Definitely one of your better videos, Cyrus. I really do wish the average westerner would make an attempt to broaden their horizons but they are stuck in their local problems and issues. Easier to be spoon fed, I suppose. One day they will take a look around and say, "what the hell happened?"
No one is betting against China and Chinese people. We are betting against one party rule, dictatorship and oppression. Give Chinese people voices !
After reviewing the ITIF report, I was disappointed that they DID NOT include more current data than from 2018, 2019, and 2020.
In some of the areas, categories from 2018, 2019, and 2020 to 2022 for example, China had already eclipsed the U.S.
The only explanation I have is the political backlash they would have received from the U.S. Government, Congress, and business leaders.
If you read through the “About” section it’s loaded with American government, Congressional, political, and other influential organizations that would impact their funding.
Even then, this is still a bold study, report in todays climate of the “Yellow Peril”.