Yes but UK is developed economy. China starting from very low base in 70’s so would expect higher growth to catch up. China is still a long way of gdp per capita levels of the UK.
@@Djamonja An Indian person with GDP Percapita of $3000 has a house , Farm , few animals , eats organic food . Pretty sure a Chinese with $12.5k GDP Per Capita has more purchasing power than a British with Peasantly $50K
China was, is and will be collapsing forever. It has very low growth rate of 5%, while Europe especially Germany has very high growth rate of about 0%. Congratulations, DW news! Enjoy! Just make yourself feel better.
That's if you believe the 5% as real. Where western countries use GDP as a measure taken at the end of a financial years, China's is a order given at the beginning. Xi states he wants 5% and the party has to deliver or else. That's why china has 19 ghost cities, it has the world's biggest fast rail network loosing over 20 million usd per month and believe me the list just keeps on growing. Is summary, China's GDP is a lie!
remember the gdp per capita china 12000 and Germany around 49k all the infrastructure has been built already and the frame of reference china was growing around 8 percent before corona and now even 5 percent is also optimistic
China’s a weird nation in terms of economic models, a lot of the growth they claim is from internal development (massive infrastructure projects) but the this has put massive pressure on banks and local governments since the real estate sector has been either weak or crashing (depending on province) and has caused massive discomfort in the CCP since many Chinese citizens have their life savings tied up in real estate. This , among other things I won’t comment on cause this is long enough, is causing weakness in Chinese growth, and in the end they may end up like Japan who also saw a massive increase in GDP for decades before it slowly decreased to what it is today. The current Chinese economy is heavily dependent on massive growth (averaging nearly 10% a year) so having that shrink by half is a big deal to them as slower growth could cause issues in their country.
@DW: Choose better translators, and translate fully. I speak Chinese, and lived overseas. I'm dismayed and disappointed at the poor quality of Chinese - English translation provided via DW. Some of the translation was left out and some purposely mistranslated.
i agreed. in this interview, the last man says "他短期内不期待v型反转". which means he didn't expect a v formation of economic growth in near future. but you translate into not a slight improvement will be possible in near future.
@@ruili5579 I didn't translate the video, but I know you are using American English: you, referring to such and such. Personally, a lot of people personlize things too mufh, instead of saying "Person A, B, C, D". It's actually rude and dishonoring, and causes misunderstandings, when Americans say "you", but actually are referring about someone else. It's the same with when certain people say "they" instead of he/she/it. It's incorrect language and grammar. Quite annoying, actually.
@@katrinam6795 China used to be a 2 trillion economy. Now it is an 18 trillion economy. The growth of 4.6% is far higher than that of European and American countries.
@@katrinam6795 China started with annual per capita GDP like India today, around US 2730, the initial growth was double digit. Currently, China's per capital GDP is 12758. realistically, do you expect it to still grow at 12%?
@@KungFuWizardOfJesus 4.7% growth means it's growing it near 1 trillion per year. precisely 900 billion dollars growth. It has added the economy of Netherlands to itself in 1 year.
@Wiers75q 3 hours ago (edited) Compared with Germany's less than 0.2%, the 5% growth rate is really too low. China is facing huge problems and difficulties everywhere. For example, they cannot give themselves a 10% salary increase as EU president von der Leyen did for herself. Should this answer make far-left DW happy every day?
@@LethiuxX They're just liberal, NATO-loving centrists. In the grand scope of things DW is even moderate right-wing, as the Western political spectrum is (almost) exclusively right-wing. Definitely NOT left-leaning.
I think the macroeconomic tendency in the future of China is dependent on the political direction preferences of supreme leader.If the ruling party of China prefers to adopt planed-economic policy or underpin the interference from the government,it certainly gloom in China’s prospects.
What is GDP and what is PPP? China is facing many difficulties now. China is experiencing deflation when the West is experiencing inflation. However, due to the one-party system, many difficulties are being solved efficiently without the mutual constraints of the two parties. China used to be a supplier of cheap goods to the West, but now China is taking food from the West's jobs (supplying a large number of industrial products such as EV cars). This is why the West is unhappy.
Because China is well known to never falsify its data? Especially since the legitimacy of it's ruling party is based off delivering prosperity rather than democratic will? Evergrande collapsed and and had liabilities worth 2 p.p. of China's entire GDP, but did the government revise its GDP statistics in light of that? Of course not.
It’s facilitating how DW make the lady translation sound so much worst. I understand both English and Chinese and that’s not the correct translation. You just took her word and translated in a way that fit better to your broader reporting direction instead of just doing your job and translating it as it is.
@@mesel7105 Oh I don't know, maybe just the 1.3 billion or so actual Chinese people living over there in China? Or perhaps the millions upon millions Chinese speakers around the globe?
That's assuming the 4.7% is real. I traveled by train in May from northern China (a little south of Beijing) to western China (Qinghai and Tibet), and saw blocks of unfinished or unoccupied high-rises in the suburbs. Even the suburbs of Lhasa. The burst of the real estate bubble is no joke.
Ancient history. Now China is concerned with decentralization of its industries. Moving it from the more prosperous reions to rural area's. As Xi said "moderate wealth for everyone"...sounds terrible ?
@@samsungtap4183 Lhasa is not exactly one of the more prosperous regions in the country. If there is "moderate wealth" for everyone, then why are there unoccupied high-rises in a country where there are more than a billion people?
@@samsungtap4183 "ancient history" 😂😂😂 Real estate was where 70% of all Chinese wealth was parked because citizens considered it the only asset that would stably last them to retirement. Now without that trust, they've stopped spending and investing entirely. The entire Chinese economy is in a deeply unstable slump with no trust in the government in securing prosperity. And it is the opposite, the various failing banks have lead to new waves of centralization, which means there are now far fewer institutions that actually focus and lend to households. And it doesn't help that Xi has repeated multiple times that he doesn't want to improve people's purchasing power, he wants to double down on exports, while even other BRICS countries are decoupling and slapping tariffs on Chinese products.
IMF has just adjusted upward on their estimate of economic growth for China to 5%. The size of Chinese economy is about 18 trillion USD, and it is growing pretty fast at 5%. What about the economic growth for European countries if 5% for Chinese economy is an economic slump???😂😂😂😂
Do you know how hard it is to find news on youtube about something other than DJ Trump these last two days? It's sickening how much money they're throwing at all media over here in North America(yeah, it's flooding Canada too). The red light district is apparently the RNC.
China is facing many challenges Aging population Decline in birth rate Pessimistic attitude from Chinese citizens Increased military spending Real estate slump Shift of manufacturing jobs to other countries
All economies have their issues. But there really isn't such a thing as a single party system that runs an economy that is not full of corruption and waste. Set aside your views on communism, that isn't really the issue. The CCP single party system means an opaque political and economic system, and where the money goes is therefore largely a question of what the party wants.
Compared with Germany's less than 0.2%, the 5% growth rate is really too too low. China is facing huge problems and difficulties everywhere.For example, they cannot give themselves a 10% salary increase as EU president von der Leyen did for herself.😊 Should this answer make far left DW happy every day?
@@JG-xi4tu Can you tell me what the differences are between the statistical methods of different countries? BTW I would like to remind you that China has used the same statistical standard, and Germany has always used the same standard. That is even if the standards are different among countries, the annual growth rate comparison under the same standard is of course comparable.
@@gotfan7743 Why did you brag about Germany as a developed country as an excuse of economic Stagnation? Is it just a way of living off the past?Or Germany's own economy is stagnant, but it can still be neurotic proud itself to point out other's economic problems. Is this what you want to say in public? By the way, you should not falsify data. Germany's 2nd quarter growth rate was only 0.2%, while core inflation rate was 2.9%, which means that Germany's actual growth rate was negative. And this situation has been going on for past two years!
@@JG-xi4tu China is nowhere close to the GDP per capita of Romania, which is 19.1k to China's 13.1k as per the IMF. Even Mexico is higher - 15.2k. China is similar to Mauritius, Malaysia or Argentina
China is a poor country and Germany is a rich country. China is a free country but Germany is a Colony of the UK and the US. We salute all the free people of Asia and Africa. We may be poor but not a puppet of the Colonists.
I don't mind the CCP, but one thing that worries me most is the growth of its population. I just want to remind the Chinese government - where are the jobs for the people - the growth must be proportional with the jobs growth. If people have no jobs - can the CCP be able to provide the unemployed with the basic cost of living - giving them shelters and foods. If they can't then then the the CCP should tell people to stop making children. In the western world those who call themselves advanced economy, the governments can give the unemployment benefits to the unemployed. Another thing I would like to warn those young people who just about to finish their high school - if they think that if they can go to university then job is guaranteed - it is not true. They are many many graduates can't find jobs or very low pay jobs. This is why the Australian government came out with a new migration law - telling those Chinese students who are studying at Australian universities that if they want to stay in Australia after they graduated then they must find a job that the company is willing to pay them $130000 salary which is impossible. If you are an engineer and can find a job, you will be likely to work for the company for at most 25 years. After you reach the age of 50, you will be likely asked to go unless you want to keep studying and get your PhD and hopefully the university is willing to hire you to teach then your working life may be extended to 65. So life is not easy. It is good to think carefully if you really want to have family and have children or even to have a child.
@@rioluna6058 I live in Hong Kong which is part of China There is no Internet restriction in Hong Kong A bot is better than people living in the west now
@@WingkKong Hong Kong the place that now is getting empty and People want to get out... Is Hong Kong the City Who at the beggining of the century was super important and right now is Just another chinnese City with no porpuse. Are we talking about that Hong Kong. The Hong Kong that got destroyed by the ccp of China are we talking about the Hong Kong hahhahaha I dont envy you if thats truth. HK scks specially now that the City ser ves no porpuse why living in shmuch tiny places
@@sp7873 I'm speechless for you. Just be happy, but you can't change the facts. You know, you use the world you see to slander us. In addition, the United States wants to catch up with us. We just hope that the United States will not pay attention to us all day long. Everyone peaceful development
They have the best infrastructure in the world 😅,so these news strategies or economic games can't slow them,the fact is that they know the fossil fuel based economic system is wrong and un united countries are falling because of the rigged market trading etc,well that's how it is , it's not fair and the world is moving so,we have such a huge resource so they can serve the entire humanity,but need a reason to trade maybe lol 😅.....
