China's middle-class sees decrease in confidence as economy faces slowdown

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NBC News' Janis Mackey Frayer speaks with a 39-year-old Beijing resident who is navigating being laid off from an internet company while the middle-class in China decreases.
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#China #Economy #WorldNews

Опубликовано:

18 апр 2024

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Комментарии : 125

@obinnaezealah2465 11 дней назад

Yeah yeah, we've heard these stories before.

@9thdrag0n 11 дней назад

Why stop at 5.3%? Why not just claim 20% or 100% gdp growth? Lol

@johnc1873 11 дней назад

China been out growing everyone for last 20 years. Always on top

@lil----lil 11 дней назад

So it looks "real" to the less sophisticated. The .3 is by design. They just throwing in a number with zero data.

@9thdrag0n 11 дней назад

@@johnc1873 and the unemployment too? until they stopped publishing it that is.

@johnc1873 11 дней назад

@@9thdrag0n cope harder bro 😂. Y’all just made y’all broke boys can’t stay unemployment or long periods of time like Chinese kids can . So they can be more picky with their employment .

@johnc1873 11 дней назад

@@9thdrag0n cope harder bro. You just mad that you a self hater , idolizing YT men 😂

@ansa336 11 дней назад

Seriously, are there middle-classes' left in the US?

@icu17siberia 9 дней назад

there must be since China is desperate for US market access

@RacerX1971 11 дней назад

Buy from Temu to help them😂😂😂😂

@TNFVLOGS 12 дней назад

Same here in the u.s the middle class has shrunk

@adamoliver4094 10 дней назад

How does a savings rate hit $20 trillion? That's comparable in size to the entire economy. Certainly this is not an annual rate. Do they mean total savings of consumers accumulated over multiple years?

@newbiekhyber 4 дня назад

There are NO miracles. Never.

@smimtiaz4556 5 дней назад

Millions of people are falling in dream to become an Australian

@matthewwu4873 13 дней назад

not just in china rate hikes make normal people suffer

@boe4534 7 дней назад

目前看，中美这一轮竞争中，中国已经输了，所以美国其实不用太害怕中国。下面说下原因，由于中共高层一系列错误政策，中国经济和90年代的日本一样，已经陷入通缩，随着老龄化的加剧，这一状况可能会越来越恶化，时间也可能会持续10年以上。随着消费的持续萎靡，中国会出现越来越多的僵尸企业以及越来越多的失业，这也会导致新生儿出生越来越少，就像日本和韩国现在的场景。美国短期丧失了美元霸权，中国长期丧失了发展潜力。

@user-ef8mi1lv6w 10 дней назад

oh no! not libraries!

@toucancheney9091 11 дней назад

But they have "overcapacity" inexpensive goods

@ojane9336 10 дней назад

yes，live easy but feel hard

@kongwee1978 13 дней назад

Where is my gordon cheng!

@LadieKadie 12 дней назад

😂

@supagirusupagiru9932 7 дней назад

How’s confidence to US Economy?

@x-men69-96 12 дней назад

It's the same in the US

@stevenluo9516 11 дней назад

China is worse than US.

@icu17siberia 9 дней назад

always what a chinese person says.

@user-em5wy8zx7o 3 дня назад

Even if there will be a slight recession, etc. then it is not a sign of the collapse of the China economy, but a normal way of the market correcting prices in China. The way the market corrects the behavior of the rulers in China (e.g. for borrowing, constructing too much), etc. Similar things happen in other countries, including USA. Eventually, once prices have been corrected to a fair price according to the market mechanism, then market conditions will eventually return to normal. Why? Because that's how the market works. Why? Because the citizens of China and any other country, will eventually keep spending (consumption), and consumption anywhere in the world represents about 50% of GDP.

@AlbertBormant 12 дней назад

The Chinese Bots are all over this lol

@LadieKadie 12 дней назад

They’re called Wumao and yes they are 😂😂

@williamshaw5388 12 дней назад

Same for the illiterate Americans.

@johnc1873 11 дней назад

CIA bots all over this lol

@rtjvz9338 10 дней назад

us bots everywhere

@adlerzwei 5 дней назад

@@rtjvz9338the US doesn't need bots. That is something only countries with a big firewall need.

@birdsnature6421 12 дней назад

China slowdown with 5.3% GDP growth, US best ever economy with 2.0%

@djm2189 12 дней назад

...

@djm2189 12 дней назад

Lied

@wordmonster448 12 дней назад

Lol you just looking at one aspect US GDP growth is higher than China and unemployment in China is higher than US LOL stop being casual

@birdsnature6421 12 дней назад

@@wordmonster448 when you look at population size, unemployment being higher is reasonable

@dabo5078 2 дня назад

@@wordmonster448 US unemployment is doctored. Even than overall Chinese unemployment is only a percent off.

@js6728 12 дней назад

just 4 more bell tones...

@lokesh303101 13 дней назад

Spending did decrease with the emphasis on Savings but the Job Creation isn't dependent on Chinese Median Income houselholds. Some do blame for the slowdown on Spending and do demand for Stimulus which doesn't addup any value to the Chinese Internal Markets. New sets of Investments are required for Job Creation. Better emphasize on Tech Enabled Industries, Small and Medium, with the outreach towards the Rural Economy.

@DW-op7ly 12 дней назад

Chinese Central Government won’t do a large scale stimulus Maybe give the economy a little gas but taping the breaks especially in Real Estate is the goal these days That’s because stimulus in 2008 created overheated markets from real estate, under ground economy/shadow banks, commodities, stocks, bonds, back to real estate Where China spent the last 14 years trying to cool these overheated markets in 2010 Plus with real estate crackdown The Chinese Government is pushing its people (who are adding 2.6 trillion a year in wealth to their bank accounts) to invest in the worlds critical technologies of the future Which China already leads in 37 of 44 of these technologies This will no doubt create more bubbles for China in the future

@djm2189 12 дней назад

They keep deleting my comments about china.....

@johnc1873 11 дней назад

“Freedom of speech”

@MrAdhiSuryana 9 дней назад

Fre33d0m of sp33ch they say 😂

@adlerzwei 5 дней назад

@@johnc1873Not in China

@CaWalrusJr 13 дней назад

5.3% growth for Q1, the number is from Chinese government, and you trust that number?! You know the community party say whatever number they want, right? As far as we know it could be 1% and they would still report 5.3%.

@stevepan-nr8vt 13 дней назад

then go look at Goldman Sachs and Morgan Stanley numbers, same result

@iyansetiadi1986 13 дней назад

China is moving into automation country. More factories are using robots to produce goods. More efficiency and better quality. They use less workers, more unemployment, but better economy overall. That makes a lot of sense to me. Go watch Canton Fair 2024, it is packed with buyers.

@adamsaciid4919 13 дней назад

so who will trust🤔the socialism 🤣🤣🤣🤣🤣

@King-vo7vm 13 дней назад

So it might be 7% .. They are lying us by showing lower percent gdp growth...

@thetruedemocraticnorth 13 дней назад

the IMF provided no update on other countries than the united states! and you trust them? no update on canada's GDP or china, etc.

@muomu 3 дня назад

美国媒体习惯的报道方式，找一个被公司裁员的人来谈谈你对经济前景的看法，可问题是如果他有足够的远见他就不会被裁员了😂

@lil----lil 11 дней назад

Never, EVER, let a Disney cartoon character be in charge of a nation: Winnie Xitler, the pooh. Save that for a movie. Now it's just real life nightmare.

@HughJass-jv2lt 11 дней назад

😂😂 And _WHO_ will you blame when *U.S. Recession* arrives?

@christianedwards451 11 дней назад

3 years ago was covid

@shinjiikari0290 8 дней назад

CIA bots are here. Let's go. 😂😂😂

@boiscooka232 13 дней назад

Nice Propaganda 😂

@valetudo1569 13 дней назад

I live in China and its quite real. You do realize that all of this news out of China is approved by the government, right? So it would not be allowed to be sent out if it was western propaganda.

@icu17siberia 9 дней назад

Well, this reporters visa is going to be taken away. I hope she gets out of china

@ashk4155 12 дней назад

Chinas recovering hang seng did double bottom invest there

@bluefish7940 7 дней назад

😂😂😂😂 ….

@djm2189 12 дней назад

Chlna

@djm2189 12 дней назад

China

@muomu 3 дня назад

事实却是马斯克到访中国后特斯拉股价大涨15%，果然是中国经济不行了🤣

@bluefish7940 13 дней назад

Compare Americans middle class to Chinese middle class , I prefer Chinese

@9thdrag0n 11 дней назад

Yes, that explains why so many Americans are flooding to China illegally. 😂😂😂

@johnc1873 11 дней назад

@@9thdrag0nnah. They only flood Thailand for third world living

@adamoliver4094 10 дней назад

You're certainly welcome to your opinion. It's a free country. The US I mean.

@bluefish7940 10 дней назад

@@9thdrag0n they will find out the cold truth once they over here

@icu17siberia 9 дней назад

ignorance is bliss

@yapsiauwsoengie6507 9 дней назад

A lot of your middle class can't even afford a house

@wintersl4544 7 дней назад

I should be a middle-class person, I really can't afford a house, my sixth house.

@yapsiauwsoengie6507 7 дней назад

@@wintersl4544 good

@lewisj7559 10 часов назад

Fake news again 😂 I start to believe Trump more 😅

@tomsunuwar6940 7 дней назад

USA 🇺🇸 western ridiculous propaganda 😂😂😂

@bg24955 12 дней назад

This week Biden admission launched Section 301 on Chinese shipbuilding industry, which will lead to sanctions or tariffs. Last year China’s shipbuilders reached 50% of global output, whereas US did 0.1%. Most American shipyards or 75% are government naval contractors. Due to lack of scale, American warships are super expensive. This is a legitimate national security concern. Don’t pretend to be economic fair trade issue. (TikTok and Huawei are competition issue disguised as national security). Chinese are no Palestinian, oliver tree stays!