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Both US and China, and to a larger extent, the rest of the world must face a new world order that's in the making ... 1) China has now become the largest industrial and manufacturing center in the world with perhaps the most cost efficient operations and logistics systems including shipping and customer services; 2) US is practicing destructive and protective trade policies to contain China's competitive advantage in the manufacturing sector, attempting to restrict or impose barriers to China's export capabilities and volumes; 3) The western population and productivity is on decline, so is China's at a lagging pace, increasing their reliance not only on imported household products but also new immigrants from labor, intellectual to capital intensive workforce; 4) BRICS and One belt and one road are building momentum, leading to challenges of US-dominated financial system and functioning on a global level; 5) China is in-between being the beneficiary of the US-dominated world system in the past and being the beneficiary of its own system or orientation, domestic and global, in development as mentioned in 4). 6) AI, Crypto, eco- and bio-tech developments and innovations add to the complexities of the new world order. In conclusion it's going to be chaotic for a while since major western countries led by the US are reluctant to work with the emerging China, while the later is going its own way to create a different system that's going to shift away from the current US-dominated financial, trade and foreign policy system. The mutual interest between US and China in the past has now become conflicts and threats to each other. It's naive to think leadership change in either hemisphere can alter the trend ...

You asked the rational behind the investment driven, export driven economy even when every indicator points that this not the solution. But they still do it. Why? I believe it is ideological. Xi is ideologically attached to a model of creating a middle kingdom with vast number of tributary states. To create this model, China has to create dependency where countries look to China for things they need. You can only create that with an export driven model. BRI is also part of this ideology. I strongly believe in this.

China is a great country but with two big problems: 1) the business practice of racing to the bottom, which is 内卷 in Chinese and overproduction in foreigners’ lingo; 2) tone-deafness to and insularity from the the rest of the world culturally and psychologically despite all the McDonald’s and Audis. The current government policies are a testament to all of the above.

Don’t you guys soco expert nose today, China, steel much better economic condition than anybody in the world

Whose economy is doing better than China's?

Dominance Hegemony Zero sum May be it sounds more sophiscated and nicer, but its not more than AMER... UGLY GREED

Very Insightful Video.

How would I buy one of these bonds, cheap and legitimate bond. I want it more or less for the novelty of it but I don't want to spend a lot of money for it that's really just a sheet of paper.

主持人变成了成功学活动。。又不断穿叉自己身份。。

I love professor Sachs so much, i wish he was the US's president but unfortunately there's something he doesn't seem to understand, he doesn't link capitalism with imperialism, imperialism is necessary for capitalism, as long as the US and Europe are capitalists, no other nation can rise unchallenged, capitalism requires an underclass to work, wether it's internal inside the US or globally, capitalism inheritantly tends to concentrate money and power at the top 10%, how can u be an economy professor and not know that? Have u ever read marx or lenin? the only reason the US can be rich is by extracting capital from the rich class of other nations using their treasury bonds because the dollar is the global currency which ensures a capital drain from these developing countries that stops their development and all the military bases in other countries are there to ensure that remains the case, by also destabilizing other countries u get migration which ensures braindrain from these war torn countries into the US and Europe, it's a mafia, they bully countries into compliance, that's the only way capitalism can work or be sustained, if other countries somehow started to get rich, then there's no one to exploit for the G7 countries ruling classes, they won't be able to make so much money, the only reason china was able to progress thus far is because the government kept a tight control over the economy and was allowed by the US to do so coz the Chinese government used US companies greed against them, the Chinese understand capitalism very well and bet on US companies to flee the US labor market in order to avoid paying americans living wages and preferred cheap chinese labor, the bet was on the money, they used the system against itself, in capitalism all that matters is short term profit, the US doesn't have a real democracy, it's only one ruling class, the republicans are the main party and the democrats is the controlled opposition, the only way to start changing the system is by pressuring our representatives to introduce ranked choice voting instead of winner takes all, but they will never do that coz it threatens their power, the only hope or way to end imperialism, mentain peace and save the planet is for the US to transform to socialism, good luck with that, we're all doomed, liberals will choose to side with fascism over socialism like they did everytime throughout history, cut a liberal and a fascist bleed

Such a wonderful talk and discussion. I watched this just after finishing Professor Cahill's landscape series. A perfect pairing.

很小就喜欢读严歌苓的书，这是第一次有机会深度了解她，很深刻的关于写作，社会，人的讨论，收益匪浅。

主持人的问题过于刻意

Hola recien veo pot primera ves este canal y me encantaria aprender chino soy de Colombia

Prof. Sachs is an obsolete professor that is pro- soviet and anti- american. He does not propose anything that cld break the impasse in todays world. He is a waste of your time.

National "dominance": the nation as narcissist.

Peter is great author and visited China for his book

Merci !

I like the 游藝怡情 in the painting. A good thing to remember.

Of China

Dear China Institute America: I have what appears to be either a creamer or 'teapot' made of Chinese clay - in the shape of a Mango w/blooms - from the Mao's Mango period (1968-72?). There is a 'makers mark' looking spot but it could be from the kiln. It passes all the 'tests' I gave it but guys would know for sure. Will post a youtube link soon as I post it. czcams.com/video/sFXIYM-IUG4/video.html

On line only?

The emepor of China during the American revolution

China's one child policy of 40 years ago has led to the most spectacular decline in working population numbers, this means fewer consumers to push cash around the economy. A housing bubble that affects huge numbers of the population just burst, as did the stock market and foreign investment into China. Xi is not told the truth by fearful subordinates which clouds his decision making ability. China will undergo a complete political/social/economic overhaul before 2030. This will be inflationary for the whole world, and also lead to high growth for the USA as domestic producers pick up the shortfall in Chinese imports. The challenges of immigration will soar for the USA as no other country has a viable reserve currency other than the US dollar. Because of which, the Fed Bank can create much more money than any other country.

I'm so tired of mere diagnosis in terms of Chinese economics. What we need is a focus on strategies to restore and improve the situation. I think Xi should try to secure a financial sector bailout from the Fed in exchange for FP concessions in the S. China Sea and Taiwan Straight, and directly approach both parties in Washington to see if foreign policy giveaways can buy better trade relations. The Politburo should issue an investors' bill of rights, should institute income taxes on upper incomes and property taxes, esp. on commercial property. in order to break the speculation-to-provincial-govt-revenue link. The PRC should adopt its own FDIC, which could prevent the horrible effects of many depositors not being able to withdraw their money amid the collapse. The PRC should also strictly enforce order of liquidation procedures and solvency/insurance requirements to make sure that workers are always paid, since their spending is vital to demand. The PRC finally should do everything it can to promote internal demand, whether through extended unemployment benefits, entry level salary support, education stipends, etc.

The host dominates and should give far more time to her guests.

Workers MUST own and control the means of production.

Thank you Professor Sachs. TEAM CHINA ALL THE WAY!👍🙂

Biden's presidency runs on the blood of the innocent

Panda huggers

Fabulous event. Thank you so much for posting. Enjoyed every moment of it!

I would like to know some Mandarin, spoken and writing.

Evrryone coped or mimicked , from steam enginees to aircrafts and so on.

Why don't the west cooperate with global south to benefit the people first? Wars don't benefit the majority .

What about China's stealing ofU.S. intellectual property; Taiwan; building of military intallations/"islands" in the South Pacific, etc.? "Everybody steals from everybody else? So that's Ok? And what about Vivid and the Wuhan "lab leak"?

Sachs is heavily invested in the China narrative and is not ageing well.

Thank you very much!

Jeffrey Sachs has no clue about the CCP

Then India better be ready to be hated and have their people banned from sensitive academia and industries because that’s where the jobs and money is going

Omg thank you! Nice to know there are some logical people left

Well.actually really i tell to the China in many times that we will have a better chance but unfortunately it didn't take any tension olso idont know what they refuse in our trip because we gotten a many useful for me

Great presentation! 逑 doesn't mean to pursue but "mate" or "partner.“ 寤寐 take the fourth tones. A 3rd tone and 4th tone combination may suggests another word 妩媚.

A number of years ago, I think just before or after the Trump presidency began in 2017, I remember a Chinese official.pointing out that both the Chinese & US economies had grown significantly as a result of mutual.open trade, since China's WTO admission (supported by the US). This official said the Chinese economy had grown by USD13 Trillion & the US economy by USD11 Trillion. BUT, he added, China has had no control over how that additional US wealth was distributed within the US itself. In other words, China is not responsible for the grotesque & unsustainable (& growing) level of economic inequality within the US!

In the end globalization is not a win win. Not at all

Me thinketh they're all working in accordance with Dr.Kill, Satan Klaus and the Globalists 'You'll Own Nothing and, We'll Be Happy ' climate change and.......depopulation agenda!@!?😜🤪😝🤑

You Will See A Few Years what We Can Change . You Have Political Distraction You Will See The Fact .

Yes, USA Will Go wrong To worst, by fooling their own People by creating ANTI China, while other country who Can See The truth, Will leave USA and closer to BRICS, China ! USA should Love & accept The reality of China Take turn, like or this like Will become no 1, Super Power, Multi polar World.

They’re about to make their next Big policy mistake trying to take Taiwan

You need to understand but one thing and one thing alone. No society in the History of the Human Race predicated on the Industrial Military Complex has EVER survived. Now, tell me what part of that statement don't you understand. Ergo, America and China are opposites sides of the same coin and therefore both are doomed to both societal and economic collapse along with all the other clowns taking sides in this impending conflict. To believe or think anything else makes you little more than a village idiot. As for all these computer bots which are drowning out the people say just how wonderful you are, the same bots are saying the same thing to those who say the exact opposite. One thing is certain however, the Human Race is about as dumb as a race can be. The End. Good-Luck and Good-Bye. AD.

The speaker knows nothing about China