Xi’s Plan to Fix China’s Economy Explained (and why it won’t work) 

Same

@kicorse And maybe I am more interested in the politics of USA

Hard to find any. Many products like EVs, solar panels and chips are currently not being produced and exported by other countries in the Global South, at least not at scale. The American talking point of "Overcapacity" is also quite questionable, as almost all Chinese made EVs are sold domestically, only less than 6% (if I remembered it correctly) are exported. For Germany it's like more than 15% (again, if I remembered it correctly).

This is a good point to make. Not that the USA isn’t important, it is debatably most important player on the global stage. However, viewing a wide and varied range of viewpoints on a specific topic is the best way to develop an informed and less biased opinion on a topic.

Slava 🇹🇼

Unsure whether the cactus is holding the big, blue book, or the book is holding the cactus because its spikes have grown into the book. 🤔

Noticed this.

It triggers me as well 🤣🤣🤣🤣

Yeah, that cactus looks like it will fall off. Edit: typos...

That isn't a cactus, it's a vase.

Nothing is impossible in an authoritarian regime. Already china is using poor africans to manufacture goods for them and re-export the finished items.

Yes, China is moving upmarket. Its transferring some of its industries aoverseas, eg Brazil to make EVs, Vietnam for garments, assembly of electronics, etc. Only western press exaggerates China's problem. Been doing so for decades. How true is it ?? U tell me You've been fooled

China needs to pivot toward stronger local consumption. Export led growth is great in the short term, but it can't be permanent. The gerontocracy doesn't get it.

​@@TacticusPrimethat is where you are wrong in capitalism structure, society always produce more goods than it needs especially when the production is backed with good infrastructure and technologu which leads to efficiency. China domestic market is still as strong as ever it is just their manufacturing power is too strong so they planned the BRI decade ago to set up trade agreement with small underdeveloping countries to create healthy business relationship

WadeWest-gd9fz ... You think the children of dock workers and farmers have the same pressures as the children of immigrant professionals?

Dumb as f. Its america that controls the world and its dollar, lets scrap worthless dollar once and for all .

I'm from India this is indeed true. Our entire Mobile Industry is gone now due to Chinese Imports but now all Chinese phones sold in India are Made in India. The quality between Made in China and Made in India is very large their main focus with Made in China is killing local competitors with Dumping policy

Wise move, honestly. Global History is full of suckers who picked the short term gains.

Slava TSMC 🇹🇼

​@@ChandranPrema123India has the biggest Samsung factory and also makes iPhones now. Everything changes one step at a time

Exactly what I thought.

We're all using power. Cheaper turbines results in cheaper power generation

Agreed . That's why china stopped feeding usa c

they're feeding themselves

@@grimaffiliations3671 they do in a sense, but they are heavily reliant on foreign investors to run their economy. Many of their factories are heavily reliant on foreign buyers, but because of the tension building up with the Western countries, they are being forced to shut down or go bankrupt. there is also tension in the South China Sea and Taiwan, as they are showing hostility and aggressiveness making investors worry about China, especially their new espionage law making it more unpredictable Critics have stated it is very vague, and anyone they suspect could be put on trial. look at one of their biggest partners the Japanese investors, look at what propaganda they are teaching to their citizens just look on the internet how they are being mocked. this aggressiveness they are showing how morally declined they are, one example is my country Philippines, their military and fishing vessels have been harassing our fishermen and coast guard for so many years now, and this harassment is also felt in our neighboring countries such as Vietnam and Indonesia, south China sea does not belong to them and their claim on how wide is their EEZ are absurd. Have you also heard about their treatment of the Uyghur population? Do you also know how they treat their citizen? how about the misinformation they are spreading to their citizen? have you also heard their belittling of other nationalities such as Indian, Korean, Japanese, and SEA countries? how about the failed construction project that they are exporting to other countries, such as the damn in Latin America? they might accumulate enough wealth to sustain their country, but tracking the new policies they are implementing, it seems likely the wealthy elites are leaving their country bringing a massive load of cash with them, there was a report that Singapore is receiving large amounts of wealthy Chinese purchasing mansions.

This is the best summation of the facts I have ever seen on this discussion! ✨

They're feeding us cheap goods. We just don't want to be dependent on them. So this is more like they're biting the mouth they are feeding.

Janet Yellen has a point, actually

Yellen is talking about overcapacity now so it won’t be a problem in the future. Why allow millions of cheap products in your market, decimate local industries and jobs and complain afterwards? Some commentators act like they have zero brain cells

I know right. I'm beginning to wonder who funds TLDR.

@@rsybing she might or she might not, the point is that she does not speak for the global south, the video spends 60% covering JY's complaints about the chinese economy and then in half a sentence says "global south would like to export more stuff and BRI loans are not a silver bullet" without citing a single global south representative to back their claim.

Congrats on being more ignorant than TLDR themselves.

Temu is being used to do it

and it's not working because they're not addressing the main problems in the economy

​@danielzhang1916 And it's not going to work because China was already a huge exporter to begin with. China is trying to emulate Japan and Germany's (somewhat) successful export policies of the Noughties to reverse recessions incurred in the 1990s. But Japan (shockingly) exported less than the USA as a percentage of GDP during the height of its boom in 1990, and Germany actually lagged behind most of its neighbors. Both countries were operating from low export baselines, and they lucked out in their timing of the market as the Global South began an export binge in the early 2000s thanks to high oil and commodity prices. China, however, doesn't have the same favorable global economic conditions, and is running into greater geopolitical headwinds as export competitors like Mexico and SE Asia are increasingly contending in the same industries and have lower labor costs than China.

@@petergray2712 True, and they aren't addressing one of the fundamental issues leading to recession: The fact that China's GDP is very heavily dependent on exports, and not reliant nearly enough on domestic consumption. They have hit the ceiling when it comes to exports, and if nations around the world are even a bit smart, they should be able to weather this Chinese export surge through protectionism.

They don't have inflation, they have deflation.

I heard the words "global south" many times

Propaganda

Exactly

"Global South" is a ridiculous term, the map shows Australia and New Zealand as in the "Global North" FFS. And Chile, the wealthiest country in South America (if you discount the tiny Falkland Islands) is not really a poor country anymore. Perhaps a better name might be tropical countries?

@@Dave_Sissonthat term originated from Goldman Sachs alongside BRICs, and has been picked up by self-hating western academics in recent times to push for total de-industrialization in the U.S. and Europe. That’s self-hatred to a whole new level. Both have been saying they’d surpass the west economically for about 30 years. Well, Goldman stopped around 2014.

Please tell me you're not using Victoria 3 to describe the real world

been playing vic3 sm these last two months. i feel like its becoming a bad habit

​​@@Awesomewithaz I mean while I agree on this, he's not wrong on this one point lol

I mean this is why slave are bad. They are do not pay taxes and they are mostly poor so they do not buy a lot of stuff.

​@@Awesomewithazyou know how to read right?

Unhealthy... for whom?

Unhealthy for Chinese consumers and for anyone who wants a non-farming job in the global south. It’s good for the well-connected power brokers of the CCP, though, and that’s all that matters.

The title is reasonable. The video takes you through the creation of the problem by China and the US and Europe’s refusal to allow China to stick them with damage. The conclusion is that the worst effects will be felt by the global south. The vid doesn’t spend a lot of time on the global south, but since the outcome is going to impact them the most, it makes sense to put them in the title.

@@yopyop3241 honestly my previous politics teacher would have told us to constantly mention the position of the global south at least once in a while. If you want to talk about a sub problem you are expected to at least have 30% dedicated to the sub-problem.

@@spookycode The conclusion of the argument pertains to the global south. China started this landslide, the advanced democracies are in the process of dodging out of the way, the global south is going to get flattened. They don’t spend much time detailing what getting flattened entails, but do they really need to? And it runs against a reporter’s instinct to spend time on projections. They’ll talk about it after it happens. The conclusion here is worth more than 30% and makes the title valid in my book. The people who most need to watch the vid are the people of the global south, so it makes sense to have a title that draws their attention.

However, this is not the point . Lol

That's true is relative terms, but because China is a much bigger exporter (13.8% of all global exports in 2022) the impact is larger, and the dependency on China is more significant. On top of that, Germany exports more expensive goods that are more easily replaced by its competitors

@@Ramschat I get your point that China's trade surplus is more impactful to other countries. But this video is about fixing China's economy, so from a Chinese perspective the trade surplus is much less of a problem now.

@@luihinwai1 It might be relevant because China's trade partners are more likely to seek alternatives in order to be less dependent than Germany's trade partners are. Which in turn will likely impact Xi's plan to boost exports even further. If trade protection keeps increasing, growing exports is an increasingly difficult task.

@@Ramschat it's still less of a problem to China than what it used to be, which is my point. Even if all the trade surplus is gone now, it's only 2% of gdp, compared to 8% before.

you really should they’re completely clueless

@@joao-batista stupid liberals back at it. 'I swear China's gonna collapase this time!'

they are pushing western propaganda, not just with china in particular but i'll talk about china specifically here: -although china is seeing an implosion in its real estate markets, its intentional. the gov wanted to pop the bubble and stop speculators from manipulating the markets bc its pushing prices up and hurting the chinese people (wallstreet mainly was hurt by this bc they got flushed out of their investments and lost money and are pissed) - real estate investment is currently down by 9.5% which is insane and typically indicates recession levels or worse. however, china's 2024 Q1 gdp report just came out and it had 5.3% growth in gdp, despite the real estate problem which is insane and shows how other sectors of china's economies are growing to still maintain positive growth. thats about it, china is shifting away from real estate and focusing on high tech manufacturing growth, EV's/solar/wind/semiconductor chips/ AI/robotics/ etc etc. US and EU are obviously pissed bc they cant compete with china's cheap high quality products which will take more and more market share around the world. TLDR is a western propaganda channel and its a waste of time watching them cuz they spread misinformation

​​@@joao-batistanah they are a propoganda channel of western capitalists. I'm sure their entire videos are written and paid for by lobbying companies of western corporations. manipulation of public opinion through hidden propoganda.

I used to think better of this channel, whoever does research for them is very lazy i guess

They will go back to China very soon and beg for a second chance just like Germany did

No wmds in iraq

Chinese labor is getting expensive. Also iPhone touch screen, battery, sensor, titanium cover and more are supply by China.

@@johnmaris1582China learns the pain of outsourcing

U guys hv been speaking this same sh1t since decades ago.😂

TLDR being overstretched is a real possibility. In their video on the Iran drone and missile attacks on Isreal they mentioned that members of the team had to crunch overtime to get a video out. Part of this can be chalked up to having to keep up with the 24 hour news cycle but also because the last few months have been very eventful in general.

Title is updated. Update your comment.

The news isn’t always conclusive, sometimes all there is to report is “thing has changed, some say good, some say bad, time will tell.” If you have an issue with the fact that life is open ended then I’ve got some bad news for you…

The Opium Wars were a result of a massive trade imbalance. So yes, trade surpluses are bad. What's need is balanced trade.

​@@Obscuraiyeah and not because west was evil scumbags

​​​@@Obscuraiyou can only have balanced trade between equal economies. you will always have unbalanced trade between unequal economies. unless usa willing to help china become its equal? you won't get equal trade. once china becomes a first world country like usa with wages equal to American wages, the trade imbalance will dissappear. if you want the trade imbalance to dissappear, help china become the next superpower. or stop moaning

@@Obscuraia trade surplus isn’t a bad thing, it shows that their businesses are extremely productive and leads to an increase in the value of the yen

@@dan15000 Trade surplus is a great thing for the country with the surplus. It's not a great thing for those with trade deficits, and this causes tension that leads to trade wars and even hot wars. So in the long run, excessive trade surpluses are bad. This is regardless of productivity or currency exchange rates. One needs to look beyond just the bottom line.

There is no difference..the US holds immense diplomatic, economic and technological power. If they don't like something they can shut it down fast..how about all semiconductor exports to china get cut off? No more technology

The US holds immense diplomatic, economic and technological power. If they don't like something they can shut it down fast. How about no more semiconductors? No more technology for you.

The US wields immense diplomatic, economic and technological power. If they don't like something, they can shut it down fast. They can tell allies like Taiwan to stop selling semiconductors to you. No more tech for you.

And realistically its only the US specifically that isn't happy. The EU by and large doesn't compete in the same circles as China does. Thus while they were pissed about the US's inflation reduction act (As their is many industries they do compete with the US in), they have made little noise about China's actions. This of course could change, as the things China exports increase into other markets in the high tech sector, especially if they move into Luxury items. But for now its just another move in the US/China trade war, and BOTH sides in that war are hurting the global South.

I think it's entirely clear that when the video says "won't work", it won't improve the quality of life for most people in China (and the rest of the Chinese empire). That is, it won't do much to create skilled jobs, increase wages, provide a social safety net and so on. You know, the things described in the video. Of course, also entirely clear but unsaid is that for some regimes, ordinary peoples' welfare is at best a long way down the list of priorities, and some may consider it positively undesirable.

The video didn't do a great job speaking on it, but now that the west is placing heavier sanctions and trade restrictions on China they are now using developing countries in the global south as a place to dump their exports at an extremely low price. This prevents the global south from developing their own industry, and makes them near permanently dependent on the Chinese for things ranging from consumer goods to infrastructure on the extreme end. Even Lula in Brazil, who typically glazes China nonstop, is being forced to begin probes into Chinese export policies because they can no longer ignore the damage it is doing to their long term economic feasibility.

Good thing we in our country are regularly on the lookout for Chang's dumping practices and increase import taxes substantially wherever needed.

@@swapneelbehera260 Where is that?

​​​@@foregone_rouletteas opposed to how west turned Africa into a first world continent with their model 😂😂 where is the African car and African ev and African solar company? at least china is giving something back to these countries, infrastructure and consumer goods. something west never did.

@@zenastronomy I'm saying they aren't. The Chinese companies being built in Africa are exclusively managed by the Chinese. Native Africans are used almost exclusively as low level laborers, and many countries have had to sell rights to the infrastructure the Chinese "generously" built for them using exorbitant loan rates. Sri Lanka, for example, had a port seized by the Chinese for 99 years after falling into a debt trap. Nice whataboutism though, it might work on people who are less informed

Isn't china the only coutry willing to lend money to them? Other countries will adk for high interest rate or outright refuse loans because of perceived risks

I beg to differ. If you've ever talked to someone from the global south old enough to remember a time they took an IMF loan or a world bank one, you'd know they will take Chinese ones 1000 times before they'd go for an IMF one again. There is a need for infrastructure in the global south, especially in Africa. And while china is no friend of anyone, they'd be willing to do business in good faith. That is not true for western countries who alternate between neo-colonialism and exploitation through their multinationals and guilt-led ineffective aid programs. Yes, some Chinese-led infrastructure projects turned out to be disasters, lots didn't.

​@@painchessthe chinese deals have secrecy clauses so ur average african won't know if the conditions in them are better or worst than imf or world bank. Lack of transparency means we don't know or have a factual base to make a good or bad judgement about it.

​@@painchess lending money for more sound fiscal policy = neo-colonialism. bribing politician to accept construction project and lending money in exchange for rights on all natural resources + all construction done by Chinese firms instead of local = not neo-colonialism.

China has bought or gained ownership of all the national news companies in a lot of these countries, so they just blame it all on America even if it makes no sense

Title is updated. Update or delete your comment.

...but still gave us that repetitive whiney voice inflection we've all come to love!

​@@marknunya3107why don't u

@@user-xp7nk9dw8d no need to

IMF WEO just dropped; 4.6% growth projected this year. Not since the video was published, though.

@teoengchin Ok , go all-in with China

That's bcoz china is providing all of your needs. Its like a marketing strategy, a company gives you everyything and when you are trapped you cant complain anymore.

Ok wumao

Is that because the west wouldn't give your country loans you can't pay back but China does? Don't worry, China will find a way to extort you, like practically overtaking ports, that sort of stuff.

Those people you are referring to are generally the older generations. Younger generations are more accepting of the west to the point I have to warn many of them from being too accepting and learn how to critically think

The issue is that *they arent spending their already too limited money*

@@KomenJolokia-cd4np why is it issue? It's upto them whether they want to spend or not.

@@dreadfulbodyguard7288 they arent spending them as much as the gov needs them (insufficent domestic consumption)

From a common guy who born and live in china for 20 years🥲: Our estate price now is going to hell, but it's still too high, don't think that's good, it's count into you daily expenses with growing water, electricity and gas. It's true that we have big market of phone and car, but we don't need to change a car per 3 years, and even we want, we(commen people) don't have enough income for it, china's industry did efficient thank for low salary of our worker, but if there's no orders from the wealthy country, we still got unemployment. We don't have expensive tution, but what I can only say about our education is that it's destructive for a integral humanity.

@@enibels5765 My outsider's perspective is that China's education is doing pretty good considering China's recent advancements in technology.

TLDR routinely just accepts whatever the Establishment consensus is on anything, they're very poor at fairly representing minority or unfashionable viewpoints.

You would be surprised how common in terms of problems developing countries are.

​@@pulipakasrikiran9307Argentina ≠ Nigeria.

@@spaghettiisyummy.3623 yes but one thing they have in common is richer countries exploiting them.Why do you thing they like china so much?So there can be competition to the west.

@@pulipakasrikiran9307 I see! :0

@@pulipakasrikiran9307 Who said that they like China? Your claims are false.

Thought that exact same thing!

This video is very misleading because now China exports more high-tech products such as electric vehicles. Low tech products such as clothing and slippers are more dominated by countries such as Vietnam and Africa. So China's new policies will not cause trouble for the global south, on the contrary, they are direct competition to developed countries.

​@lianghao7128 how so? the fact youve cited high tech products are even more relevant as there's only so many rich ppl and organizations abel to buy those things. Again, the issue is china suppressing domestic wages noy allowing its own economy to evolve lol

@@ginesjoshdave4406 In the past year, the countries that purchased the most electric vehicles from China were global South, with Russia's purchase of Chinese cars increasing by something like 500%. Previously, the global South purchased cars from developed countries, but now they buy Chinese cars. They do not have automobile brands or solar panels themselves anyway, so buying Chinese cars is no different from buying Western cars. On the contrary, if Chinese cars are of good quality and affordable, why shouldn't they? This has improved their quality of life. Their biggest trading partner already is China anyway.

@@ginesjoshdave4406 In the past year, the countries that purchased the most electric vehicles from China were global South, with Russia's purchase of Chinese cars increasing by something like 500%. Previously, the global South purchased cars from developed countries, but now they buy Chinese cars. They don't have car brands or solar panels themselves, so buying Chinese cars is no different from buying Western cars for them. On the contrary, if Chinese cars are of good quality and affordable, why don't they? Their biggest trading partner is China anyway.

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All of the things wrong with China 4 years ago have gotten steadily worse over time. Never construct timelines based on video titles.

@@accountnumber1234567 Western colonials have been publishing new articles and news videos since the fcking 50's that Chinas economy was going to collapse meanwhile imposing unfair trade embargos and sanctions for no reason than selfpreservation. After 75 years of the same shite, you can absolutely make a timeline on published propaganda. Wake up and start reading Holmes. You think this after 150 years of colonialism, war and famines this is a challenge for the Chinese?

No one cares.The rich in America are enough to run the world economy.

Feeling is always relative- you can feel as choked as you want but that doesn’t mean we dont have more purchasing power than anywhere else in the world

@@bmckelvy5717 if I take my dollars to another country, yes my purchasing power is elevated. However domestically that’s not the case. Our dollar loses more and more value at home every passing day

India is against China and South Africa is collapsing.

Me too.

Slava 🇹🇼

If Global south nations could come together in a trade pact, they could easily win against China.

No policy from non-democracies is a good thing.

I mean, they said the same about ol’ Truss’s economic policy. And that wasn’t good is it?

Xi Jinping doesn’t even like his own citizens who disagree with him. He sent them to jail and never seen again.

Eh you could say the Chinese EV is.. "blowing up" :P The CCP is losing more and more business aboard thanks to its wolf w@nker diplomacy. Why run the risk of buying subspar products created under dubious health and safety standards (and likely slave/prison labour), when you can buy something - that while being a little more expensive, actually does what its designed to do and lasted longer than its Chinese counterparts?

It gets a bit more complicated when the companies which use the government subsidies are only viable with the subsidies and in plenty of cases will effectively junk the products they are making because the subsidies are the profit. Like the tens of thousands of electric vehicles which somehow (illegally) got license plates and were rotting in giant parking lots or the hundreds microchip/electronic companies which had entirely unsustainable business models that immediately went under the moment subsidies disappeared. From what I have heard, China is exporting more for less income per unit. At best many companies are treading water, but given the unobscurable fact of an economic downturn I would wager that many are going to be slashing costs (people's jobs) or the execs are going to throw in the towel for a payout and hope the CCP doesn't get angry at them (pay the bribes I guess). If negative news is reaching the West and negative new is being felt in China, then the CCP is NOT happy about it because it means they are not in as much control and capable as they constantly try to make every believe.

@@jasony8480 China reportedly experienced a 5.3% growth in the first quarter this year.

@@Kpop_stole_foids_fromcurrycell I have a hard time believing that number is grounded in reality, especially with the majority of the construction sector imploding with large quantities of Chinese citizen money being evaporated. GDP of 2023 was 5.2%, but only after they conveniently revised 2022 data down. Couldn't move the end numbers higher, so they moved the older (easier to hide) numbers lower. The numbers provided to the world are only loosely based on reality. The books are cooked so that the CCP is NEVER wrong when they set "target" GPD at the start of the year (no other country does this to my knowledge). Being wrong would make them lose face, which they cannot abide by. The only question is how the books are cooked, what they think the rest of the world will believe, and how to always get to that goal for the year.

@@Kpop_stole_foids_fromcurrycell And 6% increase in energy consumption while getting 9% less real estate. What a terrible economy

@@andresgarciacastro1783 "less real estate" what does that even mean? increase 6% energy consumption or not, it doesnt matter. what matters is the net growth and that 6% increase has been taken into account in the 5.3% growth.

Every country has an obligation to protect itself. That's how nations work. It will always be biased. Whenever a nation rises with trade surpluses, there will be countries that will call out unfairness. Nothing new here. Competitive advantage is also shifting to other countries like Vietnam and India, so eventually those countries will also be of concern.

Funny how much propoganda and bots swarm to these videos then.

ignore it since it's none of your business

You didn't comment on his makeup or his clothing.

china has a fertility rate of 1.1, that means their population will almost half within a generation and at the same time age rapidly, shrinking workforce from 800 million to 400 million in 2080. how is that not affecting their economy?

like usa Europe doesn't subsidise their own economies. tesla lived off subsidies for decades

also this video is a bunch of lies. xi has not moved away from domestic consumption at all. he's clamped down on real estate bubble. as he wants housing to be affordable for everyone, for social cohesion. a housing market bubble is socially destabilising. so he deliberately passed laws to deflate it and remove the capitalist profiteering element in it. As he said, houses are to live in, not to profit from. He is still going full blown on consumption in every other high tech real economy sectors like manufacturing of chips, solar, cars, etc. He just doesn't want stimulus in the fake economy, real estate, stocks, etc. As these are merely rich getting richer and not the country getting high tech. US janet yellen wanta xi to flood the Chinese economy with money like usa did with quantive easing and destroy the economy. he isn't falling for it. real superpower status comes from high tech industrial knowledge and china is still going full blown into domestic consumption of that. which is why the global North is upset with china. and not the South. this video is just lies with no logic or evidence. tldr is a propoganda mouth piece of western lobbying think tanks.

The west does not subsidize their companies, they just give away money to their companies so they can have an unfair advantage over other countries. haha. Similarly, it is not corruption when rich people and corporations give money to politicians in exchange for favors after they are elected. They call that lobbying or campaign "donation". LOL

The fact remains is that China relies on exporting its products to those rich countries to make most of its capital. If it starts attacking their interests then they can simply stop trading with China and ruin the already struggling country. Besides, the CCP is so obviously domineering, tyrannical and paranoid that most don’t want to associate with them as anything more than business partners. Look at all those rich businessmen they exploited and then backstabbed.

For starters, they shouldn't pump $72 billion into their auto industry to turn European ports into car parks.

nope. they have less subsidies than west does. the difference is, china is willing to abandon ice cars and oil and gas companies for ev and renewables. so they've actually built the infrastructure in china to use these things. china now gets all its domestic household energy needs from renewable energy, 10 years early. yes that's right. 1.5 billion peoples household energy consumption is now entirely generated from solar wind and other renewable energy. the grid has been adapted. the power stations built etc. Something western governments refuse as they are beholden to exxon, BP, shell, enron, bmw, ford, vw, etc who don't want the demand for their products to go down.

the west doesn't want china exporting renewable technology because they don't want renewable energy in their own countries or 3rd world. as it means global independence of nations from western corporations.

And trade deficits, 100+% debt to gdp, low productivity, high inflation and more 😂

Read this right as I heard it XD

China does not deal in high-tech, at best it is medium-tech.

@@martinhawes5647 According to your rating, only semiconductors below 4 nanometers are considered high-tech, as this is the only technology that China has not yet mastered. Huawei's latest pure70 smartphone uses a self-developed 5-nanometer chip.

@@martinhawes5647 you lot are so anti-China that you refuse to see what's in front of you or even reason at all.

The analysis is wrong at the core. It's like you're yelling "China stop getting rich please 😭😭"

China will end the IMF, the dollar and western hegemony with it. Cope.

​@@ciro_costaagreed

It sounds more like Japans "lost decade", but a lot of young people were not alive back then, so media can't use that term. And people tend to think Japan is a good economy because shiny lights and men in suits in Akhibara= great economy... But China has the exact same problems as Japan had in 1985: Too high trade surplus, falling productivity growth, complete lack of immigration, no highly developed allies to share in development of advanced military/space tech, tiger neighbours catching up, too few young people in power, foreign divestment, dutch disease, too high rate of urbanization, inability to reject own culture for its inefficencies, political leadership remaining too long in power and inability to ask for forgivness for previous historical crimes.

china has no culture

EV's, solar panels, and wind turbines are all western products, no matter where theyre assembled. china only has what it has stolen.

You summed up the CCP's incompetent rule quite well