im white american 44, & living at new york, USA... its all wishful thinking. the west have been saying china will fall 35 years ago - yet, we all know they are doing better than ever!
Just came back from China, wherever I went there are so many young people being educated. The way I look at it, they will not run out of good leaders for decades! Trust me and not that no good Chinese Gordon Chang.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
Sure, investing is plain-sailing with the aid of an invt-specialist, thus I've always delegated my excesses ever since the rona-outbreak in January 2020 using a shrewd advisor, and my investments have compounded by at least 300%, summing up $820k ROI as of today.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
LOL.. Peter Zeihan said Mao implemented One Child Policy? One Child Policy started 1979, at when, Chairman Mao had already passed away for 3 years! What a laughable Chinese EXPERT!
The west looks at China from the outside and whit a western way of thinking. Tgey don't realise that China is thinking in the long term.that means they are planning long term. It's not the short term like the West thinks . China thinks in terms of centuries, not decades like the West
China would have collapsed so many times in the last twenty years if we believed these so called Chine experts. What has collapsed, as a matter of fact, is the credibility of these “experts”.
@@DGu-kj7xf let China stop showing pictures videos which ever they like and not every thing, let them allow foreign visitors and press to move freely and bear criticism. Then there will be credibility to what you say
LMFAO! Another video on China's economy is going to collapse. We've been hearing this on a monthly bases for over 20years. Yet, in 20 years, China has: - moved 800 Million citizens (more than TWICE the population of USA) from poverty, to middle class lifestyles - have built a High Speed Rail network connecting all Cities and country with Trains that travel 350kph. - have built BRI Trading Ports in 157 Countries (out of 197 Countries in the world) - have built their OWN Space Station - Have sent a successful Orbiter, Rover and Lander to Mars - have sent a successful Orbiter, Rover, Lander and Return Module TWICE to the Moon (one to the near side of the Moon, and one to the Far Side of the Moon). - have built the largest production of EV's cars - have more Engineer Graduates than any other Country in the world - Have the most amazing Civic Infrastructures and most affordable Civic Services for ALL their citizens, - etc.
their fans aren't the smartest bunch of people. They believe whatever these "experts" say to fuel their hateful thoughts and uneasiness about a non-western country that is doing well.
Your very lucky @@craigslistseller9354you know youre lied upon..in china the lie is the truth and the truth is a lie.so dont know which is a lie and the truth.
@@craigslistseller9354 You have honestly described where YOU choose to gather intelligence from a ("FREE SOCIETY") now you have to confirm your comments are accurate.
Gordon Chang and Peter Zeihan kind of people are not Chinese experts, they are good business men. They provided the words that the Americans and the anti-China individuals want to hear and comforts that they needed. In return, Chang and Zeihan made profits out of it. A perfect mutual benefiticial and capitalistic transaction!!!
I must admit it that Gordon Chang is "smart". Yes, smart indeed!! This Gordon Chang is doing is to take advantage of American stupidity to enriched himself. Since the 1999s, Gordon Chang has written books predicting "the collapse of China" or demonizing China including: “The coming collapse of China”, “China is going to war” and “China plan to destroy America”. His book resonate with his American reader who wished for/delude themselves of a Chinese collapse or a China threat. They keep buying his book and invited him to talk shows. Over a decade later, there is still no collapse, Americans keep thinking that there is going to be a collapse or China is going to attack America. They still keeping buying books of Gordon Chang’s failed prophesies of China making him very RICH in the process. This smart Gordon Chang has been laughing all the way to the bank as conmen like him do. 🤣🤣🤣
@@thomaslee2783 That could be their coping mechanism for absolute failure to compete with China, so they use these kind of people to inflate their own egos. The truth hurts them to actually hear the facts, because the facts of reality, don't conform to their idea of how things should be in their own western mentality. But that's living in denial of facts. First issue of solving a problem is to recognise there is even a problem to begin with, but seeing as how ignorant, blatant all these western so called journalists are of overlooking facts, they don't want to admit to the hard truths, but recently they've been slowly, but gradually realising they're on the losing side, because look at all these countries who are thinking of joining the BRICS, compared to their pathetic G7, or G20, For development, more & more countries are now thinking of ditching US dollars, for trading. This would flood the market with even more unwanted US dollars, which will make a headache for US government. It's about time, people start realising that US Ptero-Dollar system is on its last legs, it won't last forever, nothing lasts forever. Whilst the US establishment, the EU establishments, both switch up their economies in light of Ukraine, by trying to support Ukraine regime, they're making themselves less competitive, because the rest of the world is looking for trading partners, NOT more conflict, wars, when they created these bilateral relations they didn't ask to be involved in any of these clandestine overseas military operations, or be forced to pick a side between West & East, all these countries wanna do is develop their economies, not war. It's also Pre conditions, set by the west in order to start trading, with the global south. I think the west, to some extent has lost their edge when it comes to trading with the global south. They simply have no answer to China's lucrative deals, development, especially development, this area the west is lacking in very badly, whereas China is very well versed in development, they build things so quick, unlike the west, where they have to go through countless useless meetings, just to decide whether to say yes or no, before the west even has meetings on the amount for development, it's a big red tape, that just takes forever to push through anything. China doesn't have any of this red tape. China wastes no time, if someone needs some development, infrastructure built, China can do it without a problem, & this is one of many problems facing the west. They cannot do what China does, building infrastructure for other countries, in a very quick amount of time. Let me put this way, it takes less time for China to build new infrastructure for another country, than it takes for say, USA, or UK to repair a bridge, that to put it bluntly, is pretty embaressing. Even majority of UK, & US citizens are disgusted by the way in which their governments are so slow to build basic infrastructure for other countries. It's pathetic, when you think about it, I mean, USA, thinks that they seem to have some kind of chance to compete with China, it's a joke. Even some people online seem to have this idea that even India is a competitor to China. No joke. I'll be honest here, & even I admit that China is far from perfect, it ain't a perfect country by any stretch of anyone's imagination, but it still gets things done, basic things, like infrastructure, natural disaster relief, basic stuff that other countries have completely failed. 1 thing I do know, is that there is an aging population in China now, less people are marrying & having kids, that's not good for the economy either. I'm sure China will correct this in time.
Gordon Chang has failed not once but a number of times on his predictions and yet they called him a "China expert"? What kinda expet? An expert liar to be exact!
Expert in China bashing. Have to thank Gordon for publishing the coming collapse of China which in effect was telling the US hawks not to restrain or sanction China. So US hawks double down on Iraq and Afghanistan
Why need to retired at 60? I am a Singaporean and I retired when I was 74 yrs old. At 76 now I can still do my previous work if I wanted to. I am still pretty healthy physically & mentally. China needs to ‘upgrade & upscale’ its rural young and you will have millions of workforce available quite instantly.
@@scottyler2903 u got to know working in factories is a very tiring thing. New grad students only consider to work in a much more free enviornment such as delivery guy or decent work such as engineer. Working in factories is never an option even they could get higher paid, unless they have encountered issues that enforce them to consider surviving first.
@quanfung5958 The facts are we have not been lied to and the guy is just making that statement up. The other facts are that the American media never says anything about any foreign country unless it is a really big event. The only thing Americans know about China: 1. They have a communist government that blocks them from knowing about the outside world. They are not allowed to criticize their government. 2. 60% of what we buy says "made in China" and you can count on it breaking within 30 days.
@Matthew_Loutner Isn't it amazing how Western education and US government-controlled media have failed its citizens and promoted brain rot within the majority of Americans, who are like living zombies.
One big factor is that the Chinese like to save, hence, older people not only have money, housing, and healthy as well, so they will drive spending, and leave money to their children and grand children so they will not need to work as hard. Chinese population is dynamic, people will bare more child when the timing is right. In a short words, Chinese people think aging population as a bless, not burden, grandparents are often helping their children, and children are often taking care of their parents.
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
Predictions of China's collapse stem from wishful thinking instead of objective analysis. Certain so called "China experts" or their task-masters obviously have vested interests in portraying China negatively due to geopolitical, economic, or ideological reasons or just simply jealousy. This bias can lead to cherry-picking data, overemphasizing challenges, or downplaying successes. In some cases, these predictions serve specific agendas, as "experts" or their backers may oppose China's rise or political system. Such ill motivated reasoning often results in flawed forecasts that fail to capture China's complex reality and resilience accurately.
No point to compete with America for GDP per person, the cost of medical and education and living are so high, if you do not have private medical insurance, calling an ambulance or emergency will cost you 10 of thousands of dollars bill, this is part of the calculation of GDP, if China raise it currency equal to the US dollars value, China economy is 7 time more than the American economy,
Everyone in middles class or higher has private medical insurance. The government pays the the medical insurance for all poor people, disabled people, and retired people. Also, if you cannot pay the ambulance or emergency, you are not required to pay. The hospital will pay that for you. Also, when your bills are too high for you to pay in the United States, you can pursue the court and the court will cancel your bills. Your comment has no substance.
@@george6696 Equally, all medical work done in China is included in its GDP. Insurance is not GDP . . . GDP stands for Gross Domestic Product . . . only production is counted.
@@george6696 Insurance is not GDP. GDP is Gross Domestic Product. Only something produced is included. One either has high medical bills or high insurance bills -- not both. Medical work is work. Insurance is not work. They cannot be double counted. The reasonable way to count medical expenses is to go by the average annual insurance payment. . . which is $8435 per person. $8435 per person works out to $3 trillion dollars. So you would deduct $3 trillion dollars from the U.S. GDP. But then you have to deduct the Chinese medical costs from their GDP and I do not have access to that information.
@@Matthew_Loutner you don't understand US GDP, all the transaction of cryto currency Bit coin commissions settlement are included as GDP, all life insurance policy and Hwy toll charges are included the calculation od GDP, Because of the high cost of living and the high US dollars, make the US as the highest GDP per person, Go to your research and learn again, This is why US move all its industry manufacturers overseas,
These so called "China Experts" are commentators who have never even visited China (let alone lived there), speak the language, understand the people and culture and literally make no attempt to do so. How can anyone take them seriously? It would be like me claiming that I hate baseball and I'm a baseball expert because I read and watch the game just to hate on it even though I've never played the sport or understand the rules etc. It's fine to dislike whatever you dislike, but please don't purport to be an expert on the subject.
"Israel and Taiwan are bases of operation for Imperialism by the United States in Asia. They created Israel for the Arabs and Taiwan for us. They both have the same objective." - Mao Zedong 毛澤東 (1965)
Isn't communist chairman Mao the guy who caused 40 million Chinese people to starve to death due to his failed centralized food distribution programs? Is there any other person in the history of the world who has accidentally killed 40 million people? WHY are we quoting Mao???
what's even more baffling is these two individuals who studied and worked in China, believe they're expert on what they see (and they even studied and lived in China for a long time), considering how fast China is changing literally year by year
Another good channel to watch is "inside china business". Kevin explains why China's economy isn't collapsing with facts and numbers, not speculation and gut-feeling.
Whoever Gordon Chang is, it is times for him to contemplate his future's predictions and start TO CHANTING "🙏Amitoufu 🙏" asking for "FORGIVENESS" of his NONSENSE and Utterly Dumbfounded predictions..PERIOD..
To all the China Hawks here, can you please explain how Gordon Chang is still taken seriously? The man has not only been wrong for the past few years but literally the past few decades now.
In Canada here, some of our stores still have over 70% of madeinchina, world CONSUMERS will keep India & China competitive prices for their best reliable consumer products .
Why not? Western economic theory was invented when Chinese people were pulling rickshaw. We are math experts. All of the math in China comes from the West. All of the business and banks in China have been copied from the West. Banks were invented in Europe and the modern corporations and stock market were invented in New York.
Interestingly, if you upload this video on a Chinese website, most comments would refute you. Seems those young Chinese people are very pessimistic about the Chinese economy compared to the US or other developed countries' economies. When the government or officers release optimistic data or opinions, they don't believe it. I don't know whether or not the Chinese economy is really that bad or just because there is always a group of pessimistic people.
Simple: Most Chines in China work very hard to get ahead with 10- 12 hours a day in order to be able to buy a house, hence could get married. They don't have time and interest in macro-economic situation of the whole China, not mentioning the world economic situation. So when the job market get tough, in particular when the whole country development transits to a new model (AI, green technology, global BRI trade, automation...), those Chinese that had been prosperous and used to the old job market (real estate, low-tech manufacturing, cheap products, internet-based sale...) face new challenges. It will take them some time to adjust/update their new investment and/or skills to the new reality. They WILL complain loudly, but they WILL adjust in time to survive and develop, as they have been doing for the last 40 years. But for China as whole, the dynamic and nimble mode of operation of the economy, planned and directed by the techno-staffed government and based on the farsighted vision of the world economic situation, would inevitably advance ahead despite ALL challenges and difficulties lying ahead. Those who bet against China ALWAYS end up losing badly, as EU old car industries and American old capitalists show...
@@Eastwind99 Thanks, mate. I found your post very informative. I like reading things that expand your knowledge ... but they have to be rational, logical, and critical analysis of what's happening. I tire very easily with people who have 'no bloody idea', have not fact checked, and just repeat anti-China rhetoric, without even going to China. "But for China as whole, the dynamic and nimble mode of operation of the economy, planned and directed by the techno-staffed government and based on the farsighted vision of the world economic situation, would inevitably advance ahead despite ALL challenges and difficulties lying ahead" ... mate ... the is beautifully stated.
ha..ha..property prices can't fall 50%? They already did...unless you don't want to acknowledge a market fact but prefer to rely on false official numbers...many high-end properties in Shanghai and Beijing are down by as much as 70%? Want to validate? Please check high end property prices through brokers. China is able to withstand this crisis mainly due to Chinese high savings rate, assets they have build over the last few decades, not because of economy growth. Economy is in severe downturn, whatever the official numbers may say. I was on ground in Hangzhou few weeks back and learned it. CCP controls all media and doesn't let negative news to propagate, which is why there was no panic in the market. Otherwise, China would have tanked precipitously. The whole banking industry is in trouble but CCP doesn't let any one know.
@raoplns Wow. Sounds like they took a page right out of America's playbook, but the CPC's version actually works for the good of the common person...unlike US policies, which benefit the wealthy and corporations.
This vid validates what I've been saying too. In spite of a realestate downfall and a decline in population the country still managed to grow at 5%. That means the non realestate economy is doing very well
And most fastest 5G, a lot city at night lights everywhere in other 6 clock in the evening no car on the street china nightlife just started bar opening clubs party like there isn’t any other country has. Night market with all kinds of street food and safe to go out unlike US. I been back for a year no place to go no night life only mall by my house are closed, weekend has no place to go. And I’m moving back hometown Hangzhou China goodbye America so long.
Peter Zeihan is a voodoo, while Gordon is visceral hater. I could understand that Peter is probably just very patriotic, but for Gordon, I am sure something happened to him, even not sure what.
Further urbanization of the population will be a short term fix but will exacerbate the fertility crisis as people living in large crowded cities tend to have fewer children.
Economic ups and downs are normal for any country. If China can defend its independence like Russia did after the collapse of Soviet Union then China will walk through any socioeconomic or sociopolitical crisis within a decade just like Russia did and end up as nuclear superpower again just like Russia is today. China should focus on improving its nuclear weapons capability and bring it at par with USA and Russia for an insurance against internal instability.
All these experts from the developed economies don’t understand the mindset of Chinese government and its people. The Chinese government has a different approach to every facet of human and economic development. They used PRAGMATIC approach and look at deficiencies of other developed countries to adjust their economic policies. For example judging health of your economic and the people through Social Progress Indexes instead of Gross Domestic Product. Which is very murky to determine wellness of its people. In addition, it’s ability to capitalize on multipolar world and the Silk Road blueprint and not getting involved in government or politics of other countries.
Chinas growth is debt driven. You can not compare the rates with other countries without taking this into account. With the demographic numbers. The real problem is the aging population, not just the total number. You mentioned Bulgaria. A lot of those emmigrants contribute wealth to bulgaria an support the elderly. I have family in china. The impact of the severe economic crisis can already be seen. It will for sure go south. I would not rule out a complete collapse. I hope i am wrong... Bytheway, if analysts were wrong in the past with their predictions, why would that mean they are always wrong? I will not invest in china.
1. China, together with Japan, are culturally "savers", and they are net lenders to the world, especially to the US. "The US is 4% of the global population, 40% of global fiscal budget deficits, and 60% of global current account deficits!" (This statement I quote from Lious-Vincent Gave... You can look up RU-vid for his many interviews) The bulk of China's debt is in RMB; only about 10% of China's debt is owed to foreigners. China has huge foreign reserves and foreign assets, and that's why China could fund so many BRI projects worldwide. Despite challenging worldwide economic prospects since Fed started hiking USD rates in March 2022, China's net trade surplus surged to USD 99.05 billion in June 2024, ie. China's trade surplus is still growing strongly and adding significantly to its Foreign Reserves. 2. On population decline: Negative population growth birthrate is a phenomenon that is impacting ALL developed economies. (Go do your own research... All the developed countries are suffering from negative population replacement birthrates.) China is the exception as its per capita income hasn't reached "developed" status. I think China is facing it because of its single child policy (1980-2015), its very rapid urbanisation over the same period, and its very high proportion of highly educated female, and economically engaged female in their population. 3. Traditional macro economic statistics can't capture every aspects of real-world economic production and growth. It's not very helpful to compare China and US GDP figures directly. They have chosen very different "development" models and priorities, and thus they have adopted different but accepted conventions to calculate and monitor their respective economic performances. While China emphasizes its real economic capacity, especially hard production output measures; the US emphasis is on its highly financialised assets growth measures. 4. With USD as global reserve currency, the US was able to live way beyond what it's actually producing and earning for the last 50 years. 50% of the wealth, and 90% of the income earned that America has created has been systematically and legally filtered into the private pockets of the top 1%. Such a model and working system is unsustainable. A few of their top 10% have already built their private doomsday home shelters, some in US controlled territory abroad. If you're the top 10% in the US, you should be ok. If not, good luck with your bet! 😊
@@btgan3838 you have good arguments! I try to add some thoughts to the topics. Regarding debt. Even if debt is in own currency only it is still debt. Indeed, china could devalue the debt with a forced inflation (print money) and I think there is no other choice. Right now there is too much deflation (property prices, wage cuts, unemployment) and I expect the government to go into a forced inflation. But if china decides to sell global reserve currency they would have to buy own currency what would add positive pressure on the currency an with it to all entities in debt. Reserves in global currency will not help a lot. Regarding demographics. Yes a lot of developed countries face this problem. My country (Germany) would need 1 Mio newborn per year but we have only 700k. But we have strong net migration, in avg > 500k per year. Net migration is not a feasible option for china as it is just too big. China has a gap of approx 8 Mio newborn per year to keep demographic situation balanced, number will grow to 10 Mio per year. Within this century china will loose > 500 Mio people. This itself is alarming but if you see the age distribution it is a horrific scenario. I hope the best for china.
Can US compete in Space 🚀 Technologies with China..?? .. can US compete in ship buildings with China..?? .. can US compete with China in Automobile..??... can US compete with China in satellite 🛰️🛰️ mobile phones ??.. Arab nations are switching to CHINA...so are South American nations
Well, in all reality, China's economy should have had recessions in the past, but, no one could have possibly imagined China would increase it's debt to GBP ratios so high, in the insane obsession of trying to match or surpass the US GBP. The current stats produced by Michael Pettis , in 2024 each 1 Yuan of GBP costs 6-7 Yuan of debt. So yes China can keep investing in the economy to keep 5% GBP growth going, spending higher and higher amounts of debt to sustain this. But China is already so far off the scales in terms of Debt/GBP ratio, it's difficult to comprehend, how much longer they can push this. With entire banking sector controlled by the CCP, normal market dynamics dont apply.
Lol ok in order for realestate in China to be counted in the pisitive of anything... it's gotta be built , the moneys already spent , so as a China folj you spent 1$ for an apartment, it wasn't built , the money spent , so the gov said it'd cover it buy spending a dollar ...+1$ , by taxing you +1$ , creating inflation +1$ ....so 4$ is the cost but the value remained the same 1$ ...minus inflation
