Professor Jin Keyu: China's new policies to boost economic growth
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- Опубліковано 8 лют 2025
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China's Economic Work Conference wrapped up in Beijing, with the government laying out ambitious new policies to boost domestic consumption over the next year. CGTN's Tian Wei had an exclusive interview with Jin Keyu, an associate professor of economics at the London School of Economics and Political Science and author of "The New China Playbook." Expenditures to boost consumption, the question of overcapacity, and the creation of flexible policies to manage the deficit are now on the table. Professor Jin argues that making new policies to stimulate demand is crucial, but so is knowing the difference between choosing which policies to follow and which to constrain.
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I can listen to Professor Jin Keyu all day! 💗
@@marklegendgangmei me too I wish I would listen professor keyu jin every time I wake up and be blessed and showered with such highly depth knowledgeable information.
Xi is an Virgin Islands card holder with Bill Gates, that’s the important thing
Xi Jinping, WEF club card holder, Gates Island buddy
I don't like her. This sounds like China is Americanizing, to be honest. I think China should redouble its effort to achieve a moderate socialist society and abolish capitalism as much as possible. Liberal ideas are a poison that will ruin the planet. China really needs to rid itself of Western-educated elites and focus on creating an alternative system to the horrendous capitalism/imperialism of the West. Her economic ideas are clearly informed by Western ways of thinking - ultimately, they will require China to turn into a predatory empire like the US and other fascist regimes.
...while laying flat? (What the hey, apparently it's just a joke [in mn.26]).
Such excellent discussion, as usual. Thanks, and best in the New Year!
Xi is part of the Bill Gates Virgin Islands club, though.
Jinping, Gates, Schwab, all in the special Islander club
What? An economics discussion that actually kinda makes sense? Whoa :o
this isnt CNN or Bloomberg
Really makes sense.
Yeah! It's not western media, which is not so much about informing the public and real discussion but something else.
The only sad thing is that they don’t make the connection of their pragmatism to Marxism-Leninism more explicit. When your ideology is winning, parade it around!
Merry Christmas to the Chinese from Malaysia.
Merry Christmas To You , My Friend . I Am From USA 🇺🇸Washington And I Have Met Chinese People From Malaysia . Sincerely❤❤❤, KNT.
@knt3219 Blessed Merry Christmas to you and family. Peace to the world.
@@cherubimcherubim9515 ✌️ No Other Way. Simple : We All Have Family And Friend. Everyone Wants A Job And Make Few Dollars To Take Care His Or Her Family And Travel Enjoy Life. And That Is All People Need No Matter A Person Is Rich Or Doing Ok, ✌️ My Brother And Sister. And I Know A Lot People From Many Countries❤️💚☀️🗽🌎☀️. Sincerely❤️❤️❤️, KNT.
I m from penang, merry christmas to u😊
@@knt3219 Remember, communists china is an atheism country. It is illegal and again the ccp's law especially, Christianity without the party approval. So be careful when you approach a Chinese person without knowing where they came from.
Prof Jin is such a beauty with wisdom
Professor Jin KeYu so beautiful and gorgeous❤😍
This is the most "relaxed" I've seen Keyu in interview or lectures. Clearly, she is familiar with the host, and vice versa. Enjoyable to watch. Informative. Well done.
I’m a little baffled when both the host and Professor Jin used the term “recession” to describe the state of the economy in China; the pace of economic growth in China has indeed slowed but 5% growth is still very respectable even in the context of its historical growth trajectory and the unfair economic sanctions imposed upon it by the U.S. I’m of the view that China has a property recession which it went a little overboard in trying to deleverage and caused a negative wealth effect, something which most Chinese have never experienced, and hence adversely affecting not only consumption behavior but also outlook of the future. But recent rhetoric from the central government about supporting the real estate sector suggests that they are going in the right direction. I’m confident China will overcome this slowdown as well as the challenges from the U.S. and Europe.
You're absolutely right. Recession is too strong a word to describe China. Sure there is a consumpton demand problem, but that's not new (has been like this for a long, long time) and that hasnt stopped China from growing at a much higher pace than the rest of the world.
China has a demographic crisis.
China has a bifurcation issue and divestment.
China also has an increasing labor cost (would be beneficial if they actually consume their own products)
Lastly China has a degree inflation crisis, too many degrees chasing too little degree jobs in existence.
One more thing, China may not have the population it is stating, it is aging rapidly.
@@henrytep8884, that is why Chinese are going into AI production and almost every sector that requires lots of workers. Just see the Tien Jin port. 90% are automatically operated. You can google to watch how that port works. Or UA-cam video.
@@henrytep8884you don’t even need to explain to them, they’re bots or they just pretend they don’t know what you stated. In short, you just don’t need to explain to them, it’s a waste of time.
Merry Christmas Ms. Liu Xin And Your Family. Sincerely❤❤❤, KNT.
Tian Wei
So blessed to hear from you after a long time. Merry Christmas and very very very happy and blessed New year ahead ma,m
Good discussion by both prof Jin and Tian
Wow!!! Tian Wei look great and younger too with her new hairstyle. Wishing both great ladies Happy New Year 2025.
❤ China and India from Brazil 🇨🇳🇮🇳🇧🇷🇨🇳🇮🇳🇧🇷🇨🇳🇮🇳🇧🇷
Tian Wei looking good as ever 😍
Tian Wei. You always a top news Anchor. ❤ from Malaysia
In 1997 when the HK stocks market crashed it was the government that bought all stocks in the index to prop up and then after a year it made huge gains. Today we have a similar situation that is of confidence, I wish central government start buying all this homes pose as normal buyers and either rent out or sit it out for three years till market gets back confidence and then sell it back to citizens at market price.
Central Government buying up all unsold properties would put the confidence back. But will cost a lot.
@ that is a small price to pay than Japanifcation and lose three decades of growth.
@whitemoon5752 Agreed
💖🐉Merry🐉💖
Meritocracy to
All Magnificent
Beautiful Chinese
Wishing you all:
Health,Vitality &
Security @ in all
Moments on time
🐉💖 🇨🇳 💖🐉.
Anyone who can see what the US is doing in Gaza would be disgusted with the West. China offers hope to the world and the only way forward for world peace and prosperity.
China offers exploration and destruction to the world. The hell with the so call share communist future.
Xi is part of the pdf club with Gates and Fauci. This is the main thing you need to know.
Thanks
Demand can be stimulated without debt. China has a huge income surplus which she can spend on necessary infrastructure to stimulate demand. The trouble with debt is it leads to more debt. China should avoid the debt route.
Exactly. Choosing the debt method will be following the same path of America. It would be decline.
So true.
great interview and analysis !!
Another constructive idea for the sustainability of Chinese economy is bonds. For people with extra cash, to invest directly into the economy. With a promise of safe investment returns.
Also, how about a 4-day work week? This would encourage more leisure spending, psychological health, family growth, sustainability of society/economy, etc..
赞同
Brilliant👏
Thank you Trump for helping China further develop other markets and technologies. You are truly a stable genius.
Great interview - JK is a great explainer and commentator
All the best in your endeavour.May the Almighty bless you.
Evidence abounds. Hypocrisy is the US' highest export. Also please heed Kissinger's aphorism: "It may be dangerous to be America's friend but to be America's friend is fatal."
The Brazilian government just shut down the BYD factory in Bahiá because of slavery like conditions. The Brazilian government rescued 160 Chinese workers from the site.
Horrible.
A subcontractor of BYD is being blamed in this controversy, not the BYD factory, per se.
@@joseblanco1033 it was a Chinese subcontractor contractor contractor and BYD is still responsible for the treatment of those assembling their cars.
@@joseblanco1033Why don't you blame America... China does.
The New Era of Global Economy lead by China. 🎉🎉🎉❤❤❤
For China, managing the stability of the real estate sector is the key. You certainly cannot let it collapse and you should not make it grow out of control too. It is very challenging. Once the market stables, all real estate should be gradually taxed.
thank yuo and hello from WuKeLan!) much interested!)
What a great show! People talking sense. Go China.
Great interview. On a lighter note, If trivial pursuit were designed by economists, it would have 100 questions and 3,000 answers.
💖💖💖💖💖💖👍👍👍👍👍👍👍👍💪💪💪💪💪💪💪💪
Why is Tian not asking Keyu about China's Industrial Revolution 4.0 policy designed to automate more and more parts of the economy and to invest in new technologies? The absence of this means this an empty discussion.
more jobs being substituted is not an attractive topic - not all coastal ports are fully automated in China for example
@@firstlast-pt5pp We need to look at this more widely. Think about how many jobs have been created in the EV industry, not just in the factories but also in the marketing. There will be many more industries to come.
@@patbyrneme007 - ev has 1/10 of the parts of an ICE - 1 ev related job may replace 3 ice related jobs - Beijing is likely testing universal living credit for all ( so called social credit )
@@firstlast-pt5pp good points.
@@firstlast-pt5pp I feel that giving the unemployed money is not a good idea. Far better for the state to employ and pay them to do useful tasks for society; or to help them start a project or business that they are enthusiastic about.
Wow. I am impressed. 躺平 laying-flat can mean relax. Having fun is part of work life balance. 'Bad things' in appropriate proportion can be good. 'Good things' crazily pursuit can be bad. I hope that the Chinese leader can be inclusive enough to appreciate new trends in the society, and turns the negativity into something positive. After all, we don't need to carry a stick all the time, if we can stand beside our enemies and make them our friends.
China is arguably the world’s largest economy by measures like purchasing power parity (PPP) and manufacturing output, but Beijing avoids declaring this outright for strategic reasons. Acknowledging the top spot could increase global scrutiny, raise domestic expectations, and invite opposition from rival powers. Instead, China prioritizes stability and gradual progress, leveraging its “second economy” status to maintain favorable terms in international negotiations and continue its growth trajectory with less resistance.
China is doing well. That said, both China and the US should give out money to the lower bottom half with tons of mini-/micro grants. It's all about putting money in the right hands, for sound economic growth and keeping an excellent balance.
Thnx guys..
Finally!
looking forward coming out of this mess from EU.
The professor keeps talking about increasing consumption. She is not specific about what sectors to increase consumption. She is a Chinese and therefore knows the local ground level situation. And then she talks about the great consumption level of the young generation. Is the key area of the increase consumption is buying new houses? From what I saw in travel videos people are spending on food, clothing, entertainment, travelling, socialising etc. What are the sectors that consumption should be increased?
I think it's fair game for tariffs by the US, on the flip side to that it might level the playing field, and hence competition globally. A shot for India, Africa South America, EU
Scholar Jin Keyu has live in many countries which help her understand how each countries boost their own economy.
Supply and demand can be stimulate with more affordable prices and demand by consumers purchase power when having that extra cash flow through bonus from local employers, banks can provide interest for saving account and lend more cash to new investors.
higher institutions stimulate packages like welfare checks, distribution of wealth described in other countries.
Job creation for young graduates and unemployed using network management/ job placement. New trade/ new skills re-education.
GDP can increase by consuming own brands, weekend festivals, sports venues, music, arts, movies/ local entertainment, workshops, flee or farmers markets.
Stablish a new
Low orbital industry described in another report and channel.
Domestic EV industry consumption and alike industries for high end purchases.
Real Estate grants for first time home buyers set by local town and province official to boost home ownership and real estate sales.
Luxurious goods find its way from the middle class to upper class income population, the youth will ask their parents to purchase for them and they can afford it...
Economy growth is proactive and planning by each respective organization local and higher level management.
Dr. Jin should teach Xi Jinping how to manage market economy
The inflation route should be taken as a last resort because it involves adjusting lending rates and once you start on it, it's impossible to get back to zero. The English saying "he who goes a borrowing goes a sorrowing" comes to mind.
Rolling out a very large number of mini and micro loan will help out people at the bottom, hence more stability
Her command of English is much better than the journalist, most 海归。 Most ideal candidate to tell the China story.
The Brazilian government just shut down the BYD factory in Bahiá because of slavery like conditions. The Brazilian government rescued 160 Chinese workers from the site.
Horrible.
GO CHINA 👏👏👏👏👏
What external valuation of a currency payment now internal trade payment with dfi gdp exch rate appreciation
A less bourgeois perspective from an economist would be refreshing.
the beauty of west like LSE is it has the capacity and room for professors with different perspectives and political alignment. Prof Keyu can say anything about US or the West good and bad. I don't see any Chinese professors can talk freely about anything or issues about China.
You don't see it because you don't read Chinese or follow any of the Chinese news. There's a reason why they said there is a fierce debating going on in China about the future of the economy because there really IS a debate going on. The fiercest critics Chinese economic policy are the Chinese academics themselves.
With many waterfalls, lakes and ponds, China should produce millions of turbo generators without using fossil fuels (liberating carbon dioxide toward Earth Warming), at an area of less than half acre only, each with capacity higher than its Yangtze hydro power dam which utilizes millions of areas of land to form.
Michael KK Chin (Engineer / Inventor of over 10k inventions).
What Is Your Leverage Between The Financial System vs. Consumption ? That Is What She Is Trying To Say, I Think. Why. Because Your Financial System Has Been Having A Hand In Hand Relationship To Your Debts. Sincerely❤❤❤, KNT.
I was wondering about a transition in production models that leverage AI to implement a supply driven production model. Where society leverages the AI management back end to predict supply needs to help trim out the overproduction prediction models. With much of the financial systems going digital and the process is now becoming more stable, this can feed the production on demand system leveraged from this training data.
👍👍👍👍👍❤❤❤❤❤❤❤
Pada ruang kebijakan fiskal yang longgar tidak mengartikan bahwa kebijakan yang kontraksinya lambat akan tetapi memberikan ruang gerak pertambahan yang sinergis dengan yang sudah ada agar mudah untuk disusuñ rapi dan ramping sehingga mudah memberikan kontrol
Consumer loans based on inlation amotization of public loans local,regional,govnt by sectors of commercial. Sciences,agriculture
"A lot of people who internationally believes that China has bottomed out" ? Hmmm... That's their wishes more than the reality. How do you end up with 1 trillion surplus then? Stepping away from the speculative real estate bubble in favor of developing tech sectors cannot be done with a magic wand mostly against the background of Western tariffs in concert with their anti-chinese mediatisation. Yet China is conducting all of its transitions quite smoothly in my opinion, from social, economic or political, I can see flexibility in action that are crystallizing its growth at a steady pace to meet its long terms plans. The problem of Western economists is that they feed from Western media news that are tainted with much propaganda aimed to project trends according to their own standards. China has understood that it needs to model its economy after its own and that if it wants to utilise such data driven predictions of recession pushed by the West, they're going to take them with a block of salt and consider flexing around as much as needed to make them a useful tool to meet their needs.
🌞
That girl you were interviewing was way ahead of you.
Hello, that is suppose to be that way. Would you watch if it is the other way round?
The 'woman' who's a professor you mean?!
Pushing/tending towards Keynesian demand economy may in future/eventually cause a "penalty" policy in the future BRICS+ organization. In that case, the tradition of high saving rate.
It will be not just economic consideration but also erosion of our cultural tradition!! Nasty!!!
Infinite growth in a finite world, closed system 😅 someday soon the whole house of cards will come crashing down, likely primarily due to the collapsing birth rate
Increase consumption will only happen when you feel endowed with plenty. Encourage celebration of birthdays and all holidays. Encourage these celebrations to be decadent and lavage. It's ok to splurge. And over spent. Slow down on there are poor people. By everyone splurging more the poor have work and tips. It's more respectful than charity.
It's ok to show off. Spent more money. Buy a better gift.
Celebrate your mom, girlfriend, good friends, happenings.
When everyone spends more, more people will be working.
Party relief tension and pressure. A better workforce.
Hope you are successful
Report the ATROCITIES commited by the Usa goverment Military in the last 70 years!!!!!! !! Happy Holidays CGTN!!!! greetings from Mexico
Sterlig 🥈 going up 👆 £ dollar goes down 👇
If a country is an exporter of goods…..and the other countries do not want its products for whatever reason. That country is really screwed big time.
wow your iq level must be out of this planet. china is about to hit $1T trade surplus this yr.
Wow!! Lovely coat!!
Brazil will have one of the best safras since 2004 that means chinese people will be really well alimented next year this chineses will work as a hell, things are slowling woking on brics
👍
interested
you right pro
right again pro
magic maam
ilove that maam your idia 😅
no ilove chana
What china cannot provide in china brings to brazil we wanted share with us
中國政府應該加3％出口稅，以增加稅收補貼國民。
Chinas resource multipliers for commercil capital groth
Drive Melbourne to western Sydney airport with 60 TBM from 30 launch site compounds with Chinese FIFO workers so a Japanese SC maglev can be installed earning AU$1.4b p/a with overnight container trains replacing trucks on the route.
Innovation is the answer. Not transforming the hard working talented society in to consumption driven society. China is slowly giving too much space for western driven economic models that china its self clam is declining. Be careful !!!
Just roll out a very very large number of business loans and micro loans... Voila - the real economy greatly helped and youth unemployment greatly alleviated !!!
"Demowafiks" 🎉🎉🎉
I think everything talked about is very reasonable. One problem really is with China, its leader's attention is not so much on the economy, but rsther to keep himself in power. Even though the economy has an indirect effect to that, but it is not to the same extent as how it will impact, e.g. the US election. You can argue that because it doesn't have a direct effect, it allows the Chinese government to have long term economic policies, rather than short term ones as. However, political problems become the hot potato that the Chinese leader has to handle everyday. Therefore, even though, he is given a long term to rule, he is still not focusing on the long-term health of the economy. Otherwise, all these reasonable measures suggested, will be executed, since Chinese are not stupid.
Mann ein "Vorbildlicher Familienvater" 2:33 da sollten Sie aber mal recherchieren! Und zum Thema Frauen in deren Literatur. Lesen Sie mal Narziß und Goldmund. Also, auf gehts! Zu den Hausaufgaben! Grüße aus Peking.
This is irresponsible, I hope people see through the propaganda
I WANT 2 GRAPEFRUITS TRADER JOES SARDINES LAYS POTATO CHIPS HE AINT HEAVY HES MY BROTHER EVERY MATHERS SON SONG
China 👎 America 👍
How is Bank of China creating debt for stimulus? Why cannot it do like US during the Civil War, when the Federal Government had issued the "GreenBack". Are there piles of money in China waiting to be borrowed? Or is China going to borrow currency from overseeas? Why? Where is that currency coming from? Why is not China cutting the middle man?
One of China’s strategies to issue U$ Bonds to other countries that may require them for trade but cannot get them from the US due to theft or sanctions. Good for China and good for the borrower, not good for the US. China is super smart. Offering ways to get around economic terrorism by the collective west ✅.
The Brazilian government just shut down the BYD factory in Bahiá because of slavery like conditions. The Brazilian government rescued 160 Chinese workers from the site.
Horrible.
A subcontractor of BYD is being blamed in this controversy, not the BYD factory, per se.
A subcontractor of BYD is being blamed in this controversy, not the BYD factory, per se.
@ yes, a Chinese subcontractor. Do t try to deflect.
Deliberately misleading fake news, typical for a westoid with an agenda. Subcontractor, not BYD.
To boost vanity projects
Economical growht causing ecological catastrofe
Wanting less instead of more
Acting intelligble without eyemark for gain
So you're against development. Wow what a visionary.
China needs a good dose of Inflation?
Inflation is a tax on your earnings AND your savings
China or any country could do without this dumb economic blood letting
Typical professor, a whole lot of discussion, without anything substantial.
It's over 🤣
The Brazilian government just shut down the BYD factory in Bahiá because of slavery like conditions. The Brazilian government rescued 160 Chinese workers from the site.
Horrible.
Subscribe and merry Christmas