Derek Scissors, senior fellow at the American Enterprise Institute, joins 'The Exchange' to discuss China's economic data, the coming election in Taiwan, and more.
I feel like this is an extremely underrated take. Let’s also not forget the AEI is the de facto embassy in Taiwan so it’s not like this guy isn’t biased, but rightly so.
Investors finally coming around. China constantly exaggerates their GDP growth, and much of it is artificially inflated with useless infrastructure projects… bridges to nowhere, empty neighborhoods, half finished office buildings, etc
China needs a bigger growth number, because of the huge youth unemployment, the struggling real estate sector damaging purchasing power and the enormous local debt, growing because of the dependency of local governments on land sales for real estate.
@@blink182bfsftw ur comparison ratios are not at all the ratio of the Chinese economy compared to the EU or US economy… China is still outpacing both in total value added considering their 5.2% expansion in 2023.
chinas cities are newer. anyways your most likely a tourist you don't see the lives of the poor in china. they may live in government made apartments but with only a sleeping bag with no heating or AC
Western economist once again getting it all wrong. Narrow money supply isn’t always a good indicator to tell if a country is “lying” about their growth. while M1 money supply is growing modestly in China their M2 money supply which takes into account not just circulation but also savings is still growing rapidly which means they are getting wealthier and wealthier and more stability with their savings because the economy is still growing quite fast… how come this economist wants to cherry pick that M1 data and ignore the M2 data. Why wont this economist with his same logic claim that the US economy is shrinking because M1 and M2 supply is both rapidly falling in the US right now yet we are claiming high gdp growth…
@@pixelpie5280 China literally just announced a drop in their exports for 2023, the first in many years. A falling population is one of the most major drags possible on GDP growth. Not sure why you can’t google these things.
@@MD97531 they did not announce that. If you actually took ur own advice to use google and read the official report released by the national bureau of statistics of China you would have seen that they announced a 0.2% increase in exports in total yuan value. Growth definitely slowed in the export sector but it’s not negative and that’s also against a very high export base from last year when they boosted exports to help even out other lagging sectors for economic growth amid COVID lockdowns. That metric ur seeing of a “fall in exports” is measured in dollar terms and the only reason it declined in dollar value is because the yuan is heavily devalued right now. China measures its gdp growth in yuan and their exports still slightly increased in yuan value. Dollar terms for exports isnt integral for China since that’s not what it’s measured by to begin with to calculate growth
