China mainland realized they could not denpends too much on foreign softwares about a decade ago, so the core systems did not affected in this global outage
So if China GDP is growing at a rate double the US it is classified as "faltering". Is there a better example to demonstrate the western double standard?
Their gdp figures have long ago been debunked as fake , not to mention the 10s of trillions of $ in default that Chinese RE developers & local governments are in, so “faltering” is the exact correct term
@@elpenprice679 tbf you cant use last decade gdp as gdp post covid, the ecnomic conditions for china are very different, now it will grow with a different focus
Only idiots will believe in the data released by the CPC government. 🫠 Chinese media 🤭🤭🤭🤭🤭 Let me tell you the truth, even they fabricated the data, most of the GDP growth comes from the government sector, not the private sector.
There are many economics videos explaining how their economy is doing much worse than before, primarily due to debt-gdp and the fact that they invest a large portion of their revenue yet are still seeing decline in growth over the last few years
I hope so, but I don't have much confidence since politicians in america are so corrupt by big corporations and only focusing on short-term gains for the wealthy.
The US/EU biggest problem, aside from corruption, is that they don't they know it all and are unwilling to learn from the success of others, especially from China. That and of course the burning of trillions of economical capacity for wars is really hurting their economy and their global influence. The west could be competitive with China if it wanted to but as long as their plutocracy says No, it's not happening.
Guys seriously so far everything you said that China couldn't do bc some limitation haven't worked out. Even crazier they just keep doing more innovation...
@@Volition1001 That's the best part! LOL The video was actually complimenting China and highlighting the transition and boom. But all the political troll bots are here thinking Bloomberg video was attacking China and they started their attacks. Glass hearts... so fragile that they immediately jump to conclusions and think people are thinking bad of them. Inferiority complex. lol
CHina building infrastructure in afirica. western media said ‘ should western worry?' So many African people comments, we should worry the western colonist instead of Chinese.
Bloomberg is propaganda and has become more biased over time. I wish they would return to focusing solely on *business reporting,* as they did when they first began, without the political undertones. Business is about growth.
Compared to what they need to function... Massive debt driven growth necessitates never ending growth. Plus, their economy has been hit by a worse version of 2008. The people are not happy... And they have higher expectations of the government than many people who elect their representatives. lol
Před měsícem+41
To itself, growth is always relative. Western countries had this same growth 50-70 years ago.
Bro trying to be economist while burying on the current situation in the west😂
Před měsícem+23
@@gtaraya GDP per capita in western countries is multiple times that of China. The growth rate is directly related to room to grow. Even most East European countries, that recovered after communist ruination from 1990 forwards have much higher GDP per capita than China does.
Eastern Europe after the USSR was deindustrialized and lost all technology, if its GDP per capita is higher than industrialized China, then GDP is calculated inadequately to maintain the credit rating of Western countries.
Btw China's GDP growth has been consistently exaggerated over the last few decades. Local officials are incentivized to exaggerate to look like they're doing well. There are numerous studies that examine side metrics that affirm this. Some estimate that China's economy may be overstated by even up to around 50% due to continual exaggerated figures over time.
This is a strategic and long term movement, China can print money to lift itself out of the current crisis, just like they did in 2009. But they decided to tank the real estate industry and shift focus to high-tech industries. Of course, when the econmoy is transitioning, there will be pain, e.g. young unemployment, reduced job opportunities, etc. But at least the country is willing to tolerate it for long-term changes.
"houses are for living in, not for speculation" - China is sticking to this point. It'll be a painful bumpy transition, but they are willing to pay the price for a better the future.
exactly. adn they can do this because they don't have to worry about elections. they just do what needs to be done instead of pandering to interest groups for votes
It is China that saved the US during the 2008 financial crisis, there is no debate about it. About the printing of monay, youare projecting what your government does. Your money printing press have been printing non-stop for years.
As a Chinese, I strongly support the country’s long term oriented approach. Take a look at Chinese parents, they save money for their children instead of spending money for their own happiness. Like it or not, Chinese will win in the long run.
China is economy has never faltering as that the west had advertised or had wished by the China has had, indeed, China's economy, and technology is continue to grow in different phase and the world is benefit from that grow momentum.
@user-rk9it9hz6g Those figures were taking into account the non working population. An uneducated factory worker makes about $600/month in China now and many white collar jobs $3k+/month.
America is doing great (2.5% real gdp growth 2023 whole year).China has a “faltering economy “( gdp growth 5% for the first half of 2024). There is no shame in those media.
Manufacturing is running away from China. You can see it by GDP growing faster in India, Indonesia, Philippines, Malaysia, Tajikistan, Turkmenistan, Uzbekistan, Vietnam, etc. Everyone is pulling investments out of China and putting them into those countries now. China was supposed to catch US in GDP by 2020, then 2023, then 2025, then 2030, then 2035. Now apparently 2040.....or maybe never.
That's because China is still considered a country with an emerging economy and not a high income countey yet. Compare gdp per capita of the two contries and you can see why there is little room to grow for the US.
LOL! One of the commentators said that the world can't absorb China's excess capacity. Huh? Where has he been? China's growth has much of it due to its exports hence the world calling China, the 'world's factory.' In solar panels, EV, and batteries, it is not doing anything new in exporting products. What is new is that China leads in these sectors while the rest of the developed world grew slowly. Not only in these three areas, but other tech areas like ship building, semiconductors, AI, biotech, aerospace, and international infrastructure are growing areas for Chinese world's factories.
Their point is that China is expanding their production faster than the entire world's demand. It's not that they're focusing on completely brand new sectors, they're just producing way more stuff in those sectors.
@@jmlinden7 If China produces more than demand, how the products could be sold with profits at all? There were detailed analysis to show that US subsidies its EV's more than China did. The difference is that US's subsidy is in a form of tax rebate (~$5k/car). China's subsidies are in form of land, building and R&D, directly to EV companies (similar to US is doing to Intel on semiconductors). Consumers benefit by having high-quality low-cost cars. What is proven is that US approach did not work and US does not want to admit that.
@@jmlinden7 Oh? If so, why are these companies still in business? In fact they are expanding with bigger sales each year. "t installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38 percent while its exports of key components almost doubled.Mar 8, 2024" (New York Times) Sounds like China is meeting both domestic and export demands.
At least China meets and plans. Then go into actions and make things happen. China neighbor with almost the same population. They talks a lot, boasts a lot and brags a lot but very little happening. Yet they think they are more mighty than China.
Chinese they meets, they talks, they plans and they immediately go into actions accordingly to make things happen. China neighbor with almost the same population they meets, they talks a lot but not much happening.
You have been warning China "Faltering Economy" for decades , maybe you should hire some real economists. Oh, US have many economists, but they could not solve US problem, hmm, maybe they are fake
LOL. Western media has been gushing for China for decades? Their economy will supposedly surpass the US!? With a dying population, decreasing incomes, and a deflation... you believe that 5% figure? 😂
This video is too short to be detailed and persuasive, but I think Macro & Money goes into a much more thorough explanation about the challenges of the Chinese economy needing to pivot from relying so heavily on foreign exports and infrastructure projects to drive its GDP growth, to more domestic purchase power and creating better working conditions and pay for their own people to have the ability to buy more in their own economy.
He also alludes to why they aren't doing that - geopolitics. They're in a rush to ensure they can make everything they'd need when the tensions finally come to a head. So the west will feel the shock insofar as it depends on them, but they won't feel it in turn. Tbf the us is doing the same, although europe isn't. Basically the economy isn't their priority right now, security is.
If there is a video here on CZcams, can you please send it, I happen to be interested, since China has the largest middle class and it is currently a driver of the global economy, accounting for 1/4 of global tourism and within China itself, according to Government data, in 2023, final consumption represented 82.5% of total GDP growth, which would be expected from the nation with the highest PPP in the world.
We need to understand they seem to find it difficult to switch to a consumption led economy from an investment one. While they have surplus exports all around the world they're importing less. They're not self-sufficient in food. These are real challenges it's not just about real estate being 30% of their economy the ability to consume and sustain the consumption with an aging population which is actually also dwindling is very very challenging. They have to save because there's no social safety net.
If you are serious about tackling climate change , the American should open up to Chinese EV cars. The new hybrid can go for 2408 km without refill or recharge. Search CZcams for the road tests😅
When I was 12 or 15, many people from the US told me "keep learning english because You'll need it right away, but start learning chinese because You will need it in 20 years"
@@bartalistSource ? Proof ? Usa has more youth unemployment then China Chinese unemployment = 17% Usa unemployment = 19% Source : s and p global Demographic collapse is in Japan korea uk Finland Germany Not China .
@@MRoROBOTthey can gossip about China but why not discuss how you go about fixing USA? Isn’t this more productive and constructive? instead of bad mouthing another country- a developing country- why not encourage participation by the citizens of USA to voice domestic issues eg infrastructures, education, health care, inflation, drugs, homelessness, violence, climate change initiatives etc etc China has problems but they are their problems for them to solve and they dont waste their time gossiping about other countries. They get on with their jobs. about
The US could... produce the largest housing crisis in human history? They could achieve a GDP per capita something along the lines of Mexico's? They could achieve record-breaking capital outflows as their citizens shuffle money (along with themselves) out of their country as fast as it can be arranged? If this is the case, it could be that non-Chinese people don't share the same idea of 'achievement'.
Sounds like a dream life to be “productive” working 18 hour days in a dystopian dictatorship 😅 I just can’t believe all these CCP bots in this comment section
How China's economy is faltering while its EVs, batteries , solar panels, ship building are dominating world market. And China has also begun to make big commercial airplanes (c919 in production and c929 under development)? Also, China's GDP grows at a speed of 5%. Bloomberg, do you get subsidized from US government by making this kind stuff?
nothing but hogwash, its not like China cannot simply focus on producing most mid or high end consumer products....or China does not have the capability or technology to produce most high end goods... there simply isnt a market or economic demand for it, even in rich countries people are constantly taking price into consideration and seeking for cheaper alternatives...... the vast majority of the worlds countries and population are poor or middle income at best, billions upon billions, china's concern is in serving those markets not just USA and eu alone, back in 2011 US represented 50 percent of CHina's export destination, today USA barely makes up 14.5 percent of China's whopping 4.3 trillion total exports yearly....... the best selling smartphone brands in africa is not samsung or apple or oppo.....its transsion and xiaomi.
Tall what you want about economics, chinese people live with more hope and principles than western "developed" societies where I just see selfish people not wanting to do anything different than millions for themselves without caring about what is produced and given by society. Chinese people is just built differently, better, that people is more caoable if great things and I am talking about things more importants than hitting big money numbers, just wait some years and you will see. Life is not just about economics, culture goes slows but stronger.
Great for china! We in our home have really efficient solar panels and we are planning to buy a byd car so we are more self sufficient, sadly the eu out sanctions so we’ll probably buy next year
China's domestic EVs are the same quality as imported western EVs? That's quite an exaggeration considering issues with BYD cars and fancy new Xiaomis' competitor to Porsche.
What is the significance of seeing at least three or more pieces of news every day for over a decade? If China's economy collapses, why continue to impose sanctions and suppression?
It's the way China behaves in bullying neighboring countries grabbing territories that don't belong to China. The world doesn't need this type of government.
If USA wants more expensive products, China should oblige and double the prices, that way everyone is happy. Non warmonger nations are fine with cheap products.
I don't have a problem with doing business with China. I don't necessarily have a problem with trading with an authoritarian system. My problem is when that system reaches the point of brutality, I'm referring in particular to the treatment of Uighur Muslims.
Discount nationalism. Reminds me of the hordes of Turks and Greeks wagging an Internet war against each other...from their comfortable flats in Germany.
@@timmyg44 Supply side economic is a theory of economic growth. The Chinese chose to use another, produce more to sell more to the world and consumed less themselves, an ancient economic law of how to get wealthy. I understand it is bad for the G7 when their manufacturing products can not compete with Chinese made products and if it continue it will put G7 companies out of business but I don't understand how this is bad for China economically.
@@bobcharles7716 It's bad for China economically because they have failed to develop an internal economy, which means they cannot turn to their own people to sell their own goods. This is what happens when you have for decades used taxes collected to support corporations, but not consumers. Now, China has literally stopped propping up their housing market and used that exact measure of capital to double down on even more on supply side. However, this is being angrily rejected by the rest of the world who seek to protect their own markets. as an infarction of WTO rules. Now China is in trouble; I'd know I'm seeing the pain with my own eyes.
@@timmyg44 When you say " cannot turn to their own people to sell their own goods" to me that means they have a population that is frugal, the Chinese by consumes less then their western counterparts. How is having a frugal population, a population of saver a bad thing for the economy. It just means China have a more productive population. When your workforce are consuming less saving more and there fore producing more to sell else where that makes makes you richer, does it not? It does. You nail the problem on the head when you say "it is being angrily rejected by the rest of the world who seek to protect their own markets" Because the G7(and their dependent states) but not the world needed to do something to prevent their companies from going out of business but demanding that China export less and consumed more. But this is out of line. Would this G7 problem be solved simply if the people of the G7 work as hard and smart as the Chinese and be as frugal as the Chinese? So this is not China economic problem this is a G7 demanding China do what the G7 wants so the G7 can maintain their current economic status.
The history of the mandatory "made in ___"-label is that the UK wanted to brand newly industrialized Germany as inferior. We all know that backfired greatly, as "made in Germany" remains a quality stamp. If China pulls off the same move...hat's off. Chinese EVs are already a great quality product and US/EU tariffs are mostly hurting their own people. Remember WTO rules, anyone?
A majority of electric power production in China stills is produced by coal. This is due to the physics of energy density. Solar is just a niche power producer.
@@Paulo44.01 Hydro is approximately 7% of total in the US; solar is under 10% using constant production numbers. China has a mix of power production which is logical. Solar/wind are constrained by inherent lack of energy density, intermittentcy, irregularity and seasonality. They are part of the mix, but can't carry the load by themselves.
China should quickly change its tactics, reassess its strategy, and realize that this is not at all about trade or environmental goals, but solely about maintaining US power in the world. And will companies in the EU, China, and even the US itself incur losses? Yes, they will! Does anyone seriously think that the "elites" in the USA care about this at all? For them, money is merely a tool and is important until they achieve absolute power in the world, and China is a significant obstacle to this. Once China and its allies are removed, something unprecedented will happen, something the world has never experienced before, despite having witnessed the rise and fall of great empires throughout its history. All the economic theories that have guided the world until now will cease to matter because a small group of people ("elites") who will have absolute power will determine the value of everything, including money and human beings themselves. Support Chinese economy to keep balance of power. 😊
GDP growth is contributing from many sectors, like real estate: housing, apartments, village. consumer goods: technology, cell phones, tvs, appliances; entertainment: movies, music concerts, sports events, automobile industry; food sector in restaurants, vendors package domestic livestock, fish market, fresh produce. School, education also provides cash from paying tuition to pay staff and educators. Here it tell us China economy rewiring and showing us a chart/ pie graphical view of reshuffling consumer products towards EV sales, green energy, consumer more local goods and services. Reinvest in local markets by traveling within the mainland and all Province.
I've been following you for a while. I'm from Serbia. Would you be kind enough to make a video for us beginners? To know when which indicator and oscillator we can apply? You are so great at your job.Please make a video for us beginners.I love you.
The west made a series of China property collapse last year, debt ridden, high unemployment and shrinking demographics. However, China economy continues to grow at 4-5% higher than US and EU.
It's easier to grow 5% when the GDP per capita is 12k USD. Also the faltering part is that it is slowing down greatly with a lot of structural issues within the economy.
You can always juice GDP by increasing debt or loosening monetary policy. It’s not a sustainable practice and the longer you ignore reforms, the more it’ll hurt when you can’t.
As the world's largest economy measured by PPP and second largest economy measured by GDP, being able to grow about 5% is amazing. It represent about half of the global economic growth. American economy only grow about 1%. If China's 5% economic growth is called faltering, then we should called American economy is a nightmare. Anyone agree ?
No because China growth has reduced dramatically over the last years and is expected to fall much below 5%. Since Chinese income per capita is about six times lower than that of the USA, this is much too slow.
@@camerinwalker1365 Your view has calm the Western fear of China's meteoric rise. It allow China to continue grow peacefully without being attacked. Thanks
Except that the US economy is doing fine. It keeps growing at a steady 2-3%, which is what you can expect from a mature economy. China is not mature and has not managed to stay on the course that would be required for it to become one. Too many people at the bottom are left out and now they have lost their last generation of youth as well.
@@lepidoptera9337 😂😂😂 China 0 recession China 0 inflation Usa recession Uk recession France recession Germany recessing India recession Taiwan recession
Why can't China just build out more of its energy need to come from wind and solar if it has excessive solar panel capacity and lack of jobs? That'll eventually reduce the use of coal burning power plants. It also has big battery capacity to build energy storage that doesn't need to go to over supplied EVs.
They rewired it without CrowdStrike.
China mainland realized they could not denpends too much on foreign softwares about a decade ago, so the core systems did not affected in this global outage
China and Southwest Airlines still on Windows 3.1. :D
我来这里看CrowdStrike笑话😂
@@rcchin7897 usa windows doesn't work .
if china is faltering, what do you call the rest?
Exactly.. a 4% growth is known as faltering in nations growing at 1%
Bunch of clowns!
doomed
India： excuse me？！
India
Drugged
So if China GDP is growing at a rate double the US it is classified as "faltering". Is there a better example to demonstrate the western double standard?
Exactly what I was going to post!
“Faltering” - losing strength or momentum. Open a dictionary mate.
Look at the gdp for the last decade, then come back lol
Their gdp figures have long ago been debunked as fake , not to mention the 10s of trillions of $ in default that Chinese RE developers & local governments are in, so “faltering” is the exact correct term
@@elpenprice679 tbf
you cant use last decade gdp as gdp post covid, the ecnomic conditions for china are very different, now it will grow with a different focus
I am very positive on China.
China grow 4,7 % = faltering economy
German grow 0,1 % = Grow slightly
Western medias 😅😅😅😅😅
You actually believe economic data from the Chinese government? Pathetic
for the country whos the seconded largest trading partner to virtually every country in the western world. yes 4.7 is bad
Only idiots will believe in the the economic data released by the CPC government 🫠
Chinese media 🤭🤭🤭🤭🤭
Only idiots will believe in the data released by the CPC government. 🫠
Chinese media 🤭🤭🤭🤭🤭
Let me tell you the truth, even they fabricated the data, most of the GDP growth comes from the government sector, not the private sector.
@@derks0 You meant that the whole world's economy is faltering?
China GDP growth 2023 - 5.2%
US GDP growth 2023 - 2.5%
Germany GDP growth 2023 - (0.31%)
Bloomberg: China's economy is faltering
It is - it had seen double digit growth and is slowing.
@@piotrd.4850 much slower than developed nations like Germany and Japan?
There are many economics videos explaining how their economy is doing much worse than before, primarily due to debt-gdp and the fact that they invest a large portion of their revenue yet are still seeing decline in growth over the last few years
That GDP number is inaccurate.
CCP is fudging GDP numbers for more that a decade now...
maybe we should rewire our faltering economy
Was thinking about this too lol
I hope so, but I don't have much confidence since politicians in america are so corrupt by big corporations and only focusing on short-term gains for the wealthy.
The US/EU biggest problem, aside from corruption, is that they don't they know it all and are unwilling to learn from the success of others, especially from China. That and of course the burning of trillions of economical capacity for wars is really hurting their economy and their global influence. The west could be competitive with China if it wanted to but as long as their plutocracy says No, it's not happening.
We can do that by putting Trump in prison.
@@akita96th Grow up Lefty, it's Hillary for prison.
You guys need President Trump.
(Turn off CNN!)
5.0% increasing gdp is faltering ? How about the test?
It's funny when you realize Chinese GDP growing 5% is actually the biggest in the world in raw value growth.
You really believe Chines unverifiable numbers? Anyway, time will tell who is right.
Ist Not a real value only a value given by the central goverment
Do you really believe in unverifiable CCP numbers?
@@blazejdrazkowski1608 IMF is the central government? Do you think you can fake GDP when every transaction is registered in SWIFT system?
CNN: BUT AT WHAT COST
at the cost of CNN rating...
Guys seriously so far everything you said that China couldn't do bc some limitation haven't worked out. Even crazier they just keep doing more innovation...
China dominates the EV industry. Bloomberg and Western headlines "China's faltering EV industry". Lol
Western hypocrisy at it's finest
They literally say the Chinese EV is booming in this video
@@Volition1001 That's the best part! LOL
The video was actually complimenting China and highlighting the transition and boom. But all the political troll bots are here thinking Bloomberg video was attacking China and they started their attacks. Glass hearts... so fragile that they immediately jump to conclusions and think people are thinking bad of them. Inferiority complex. lol
CHina building infrastructure in afirica. western media said ‘ should western worry?'
So many African people comments, we should worry the western colonist instead of Chinese.
Bloomberg is propaganda and has become more biased over time. I wish they would return to focusing solely on *business reporting,* as they did when they first began, without the political undertones. Business is about growth.
China’s economy is “faltering”, compared to who?
Compared to what they need to function... Massive debt driven growth necessitates never ending growth.
Plus, their economy has been hit by a worse version of 2008. The people are not happy... And they have higher expectations of the government than many people who elect their representatives. lol
To itself, growth is always relative. Western countries had this same growth 50-70 years ago.
Bro trying to be economist while burying on the current situation in the west😂
@@gtaraya GDP per capita in western countries is multiple times that of China. The growth rate is directly related to room to grow. Even most East European countries, that recovered after communist ruination from 1990 forwards have much higher GDP per capita than China does.
Eastern Europe after the USSR was deindustrialized and lost all technology, if its GDP per capita is higher than industrialized China, then GDP is calculated inadequately to maintain the credit rating of Western countries.
5% is faltering in China? how about 0%-2% GDP growth in the west? collapsing?
Western Propaganda has no limits
5% is possible this year only because lots of new debt. Also you can't really trust the Chinese stats.
@@BruceJ999 wumao comments and bots have no limits
Btw China's GDP growth has been consistently exaggerated over the last few decades. Local officials are incentivized to exaggerate to look like they're doing well. There are numerous studies that examine side metrics that affirm this. Some estimate that China's economy may be overstated by even up to around 50% due to continual exaggerated figures over time.
@@grapesurgeon
那么。你是否知道一个关键信息。。那就是。“60%的中国人不纳税”。就算年薪千万。也不纳税。。这种人我见过的不下100人。
Bloomberg taking a great economic necessary transition that is the end of the world and giving it a negative spin is hilarious
Why are Chinese factories cleaner than our hospitals ?
谢谢，干净是必须的。
They only show you the clean ones, not sweat shops
@@gofurtherafield6319 Deus abençoe ❤❤❤
So who did they steal this new tech from this time?
I don't know, it must come from somewhere, otherwise it does not fit the narrative.
You crying boy?
Vietnam smiling in row 3😂
Rolex, $10 Rolex
of course the americans, who else?
'faltering economy', such a sick title with no relavance at all! China has the strongest enonomy comparing to G7 countries
-3.5% is China's GDP in 2023.
@@AhmetTekin101China's GDP grew 5.2% in 2023. Cope.
@@AhmetTekin101Care to provide a source for your information 😂😂😂
@@Kunju69420Official CCP figures.
@AhmetTekin101 why lie? 21st century Chinese rule is inevitable. Too smart and too educated ✨️
This is a strategic and long term movement, China can print money to lift itself out of the current crisis, just like they did in 2009. But they decided to tank the real estate industry and shift focus to high-tech industries. Of course, when the econmoy is transitioning, there will be pain, e.g. young unemployment, reduced job opportunities, etc. But at least the country is willing to tolerate it for long-term changes.
"houses are for living in, not for speculation" - China is sticking to this point. It'll be a painful bumpy transition, but they are willing to pay the price for a better the future.
exactly. adn they can do this because they don't have to worry about elections. they just do what needs to be done instead of pandering to interest groups for votes
It is China that saved the US during the 2008 financial crisis, there is no debate about it. About the printing of monay, youare projecting what your government does. Your money printing press have been printing non-stop for years.
As a Chinese, I strongly support the country’s long term oriented approach. Take a look at Chinese parents, they save money for their children instead of spending money for their own happiness. Like it or not, Chinese will win in the long run.
@@Amidat”Don’t have to worry about elections” Bot, literally anything you say past this point is unimportant.
It's just amazing how Chinese industry is reinventing itself ❤❤❤
According to western mainstream media, this is faltering...
China is economy has never faltering as that the west had advertised or had wished by the China has had, indeed, China's economy, and technology is continue to grow in different phase and the world is benefit from that grow momentum.
"poor quality"
I will remember that next time Im thinking of buying an iphone
when you buy an Indian made iPhone then share your feedback
5%+ growth is "faltering". 😂😂😂😂😂. What is 0.5%? 🤣🤣🤣🤣
faltering when measured against china's own projections.... you were born yesterday i take it.
Faltering from previous yrs 😂
5% of $1 is $0.05.
1% of $100 would be $1.
Go figure. lol
@user-rk9it9hz6g Those figures were taking into account the non working population. An uneducated factory worker makes about $600/month in China now and many white collar jobs $3k+/month.
@@A-Wesker-5 PhD from business school. You?
America is doing great (2.5% real gdp growth 2023 whole year).China has a “faltering economy “( gdp growth 5% for the first half of 2024). There is no shame in those media.
Manufacturing is running away from China. You can see it by GDP growing faster in India, Indonesia, Philippines, Malaysia, Tajikistan, Turkmenistan, Uzbekistan, Vietnam, etc. Everyone is pulling investments out of China and putting them into those countries now. China was supposed to catch US in GDP by 2020, then 2023, then 2025, then 2030, then 2035. Now apparently 2040.....or maybe never.
That's because China is still considered a country with an emerging economy and not a high income countey yet. Compare gdp per capita of the two contries and you can see why there is little room to grow for the US.
mist Americans live paycheck to paycheck. wake up.
LOL! One of the commentators said that the world can't absorb China's excess capacity. Huh? Where has he been? China's growth has much of it due to its exports hence the world calling China, the 'world's factory.'
In solar panels, EV, and batteries, it is not doing anything new in exporting products. What is new is that China leads in these sectors while the rest of the developed world grew slowly. Not only in these three areas, but other tech areas like ship building, semiconductors, AI, biotech, aerospace, and international infrastructure are growing areas for Chinese world's factories.
Basic math says China will rule the 21st century
Their point is that China is expanding their production faster than the entire world's demand. It's not that they're focusing on completely brand new sectors, they're just producing way more stuff in those sectors.
@@jmlinden7China is competing now with the West which is an issue. Why don't you say this simple truth?
@@jmlinden7 If China produces more than demand, how the products could be sold with profits at all? There were detailed analysis to show that US subsidies its EV's more than China did. The difference is that US's subsidy is in a form of tax rebate (~$5k/car). China's subsidies are in form of land, building and R&D, directly to EV companies (similar to US is doing to Intel on semiconductors). Consumers benefit by having high-quality low-cost cars. What is proven is that US approach did not work and US does not want to admit that.
@@jmlinden7 Oh? If so, why are these companies still in business? In fact they are expanding with bigger sales each year.
"t installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38 percent while its exports of key components almost doubled.Mar 8, 2024" (New York Times)
Sounds like China is meeting both domestic and export demands.
We are seeing and hearing here is what they want to show us and listen to.
At least China meets and plans. Then go into actions and make things happen.
China neighbor with almost the same population. They talks a lot, boasts a lot and brags a lot but very little happening. Yet they think they are more mighty than China.
Chinese they meets, they talks, they plans and they immediately go into actions accordingly to make things happen.
China neighbor with almost the same population they meets, they talks a lot but not much happening.
@willie_west I think his message attempts to say that what we see in regard to China is just the tip of the iceberg.
They don't care about outsiders to be honest. Only outsiders are obsessed with them
@@willie_west That is why you have to listen to more than one news outlet. E.g. South China Morning Post is another source.
You have been warning China "Faltering Economy" for decades , maybe you should hire some real economists. Oh, US have many economists, but they could not solve US problem, hmm, maybe they are fake
🙄
Gordon Chang is #1 china expert a long with Michael Pillsbury
LOL. Western media has been gushing for China for decades? Their economy will supposedly surpass the US!? With a dying population, decreasing incomes, and a deflation... you believe that 5% figure? 😂
@@level1selamat155 😂
This video is too short to be detailed and persuasive, but I think Macro & Money goes into a much more thorough explanation about the challenges of the Chinese economy needing to pivot from relying so heavily on foreign exports and infrastructure projects to drive its GDP growth, to more domestic purchase power and creating better working conditions and pay for their own people to have the ability to buy more in their own economy.
Wont happen while infrastructure companies are owned by the corrupt CCP officials, of course.
@@rcchin7897 🤣🤣🤣🤣🤣
Usa is under debt to CHINA . ccp owns more of usa debt
He also alludes to why they aren't doing that - geopolitics. They're in a rush to ensure they can make everything they'd need when the tensions finally come to a head. So the west will feel the shock insofar as it depends on them, but they won't feel it in turn. Tbf the us is doing the same, although europe isn't. Basically the economy isn't their priority right now, security is.
If there is a video here on CZcams, can you please send it, I happen to be interested, since China has the largest middle class and it is currently a driver of the global economy, accounting for 1/4 of global tourism and within China itself, according to Government data, in 2023, final consumption represented 82.5% of total GDP growth, which would be expected from the nation with the highest PPP in the world.
We need to understand they seem to find it difficult to switch to a consumption led economy from an investment one. While they have surplus exports all around the world they're importing less. They're not self-sufficient in food. These are real challenges it's not just about real estate being 30% of their economy the ability to consume and sustain the consumption with an aging population which is actually also dwindling is very very challenging. They have to save because there's no social safety net.
If you are serious about tackling climate change , the American should open up to Chinese EV cars. The new hybrid can go for 2408 km without refill or recharge. Search CZcams for the road tests😅
america have their own bombs. they dont need any from china.
When I was 12 or 15, many people from the US told me "keep learning english because You'll need it right away, but start learning chinese because You will need it in 20 years"
You need it to talk to the Chinese handymen who work cheap. Source: My Asian Dad. :/
would you learn Japanese in 1993??
@@rcchin7897 Not anymore, Chinese incomes have risen a lot. It's cheaper to build in Vietnam or Mexico now.
xuzhou is NOT suzhou, completely 2 different cities
许州(xuzhou) is the new name of suzhou(苏州), correct in another way
GCL has its headquarter in Suzhou 苏州 but also factory in Xuzhou 徐州. Both cities are in Jiangsu 江苏 Province.
This is one of the very few pieces of news about China I have seen in days that is relatively unbiased...
Buying into the idea that the US is not selling chips to China because of military threats is very not unbiased.
😂😂😂
very unbiased, ROFL!
@@bartalistSource ? Proof ?
Usa has more youth unemployment then China
Chinese unemployment = 17%
Usa unemployment = 19%
Source : s and p global
Demographic collapse is in Japan korea uk Finland Germany
Not China .
@yeetian2774 China is best nation
End of story
can we work together without these kind of geopolitical posturing.
We were lol
Ask the US
当你们的政治人物明白自己不能的时候
U can
Not the communists CCP or ussr😂😂😂
Why is Bloomie more concerned about the domestic problems in USA
They said that Joe Biden was doing a great job all this time! 😂😂😂
why can't thay talk about china?
@@MRoROBOTthey can gossip about China but why not discuss how you go about fixing USA? Isn’t this more productive and constructive? instead of bad mouthing another country- a developing country- why not encourage participation by the citizens of USA to voice domestic issues eg infrastructures, education, health care, inflation, drugs, homelessness, violence, climate change initiatives etc etc
China has problems but they are their problems for them to solve and they dont waste their time gossiping about other countries. They get on with their jobs. about
@@teatree6228 are you sure no they not ever make video about US
Imagine how much US can achieve if their politicians can just stay as focused as China
You're advocating despotism?
@@brianquigley1940 try reading again
Wall Street and Military Industrial Complex say NO.
they can't - too busy lining their own pockets
The US could... produce the largest housing crisis in human history? They could achieve a GDP per capita something along the lines of Mexico's? They could achieve record-breaking capital outflows as their citizens shuffle money (along with themselves) out of their country as fast as it can be arranged? If this is the case, it could be that non-Chinese people don't share the same idea of 'achievement'.
the only thing faltering is your credibility bloomberg
While china is focused on being productive, we argue and discriminate against each other over the dumbest things in here in America.
ok wumao
@@A-Wesker-5yeah when your government silences all discourse you end up not discussing things. must be so proud lol.
Sounds like a dream life to be “productive” working 18 hour days in a dystopian dictatorship 😅 I just can’t believe all these CCP bots in this comment section
oh, you are so unsmart.
@@kistenheinze4845 Isn't living in the US more dystopian?
How China's economy is faltering while its EVs, batteries , solar panels, ship building are dominating world market. And China has also begun to make big commercial airplanes (c919 in production and c929 under development)? Also, China's GDP grows at a speed of 5%.
Bloomberg, do you get subsidized from US government by making this kind stuff?
Smart Chinese will work it out.
How much am I paid if I write about anti China stuff?
Not much, but you guarantee no payment at all by writing pro China stuff
doubling down on exports is not rewiring. They need to make drastic changes but there's no political will.
Did you finish high school 😂
Not really no political will. China just has too many educated people, and not enough white collar jobs. So lots of people dont have disposable income
nothing but hogwash, its not like China cannot simply focus on producing most mid or high end consumer products....or China does not have the capability or technology to produce most high end goods...
there simply isnt a market or economic demand for it, even in rich countries people are constantly taking price into consideration and seeking for cheaper alternatives......
the vast majority of the worlds countries and population are poor or middle income at best, billions upon billions, china's concern is in serving those markets not just USA and eu alone, back in 2011 US represented 50 percent of CHina's export destination, today USA barely makes up 14.5 percent of China's whopping 4.3 trillion total exports yearly.......
the best selling smartphone brands in africa is not samsung or apple or oppo.....its transsion and xiaomi.
Interesting. Elaborate more
Very interesting point
Tall what you want about economics, chinese people live with more hope and principles than western "developed" societies where I just see selfish people not wanting to do anything different than millions for themselves without caring about what is produced and given by society. Chinese people is just built differently, better, that people is more caoable if great things and I am talking about things more importants than hitting big money numbers, just wait some years and you will see. Life is not just about economics, culture goes slows but stronger.
Great for china! We in our home have really efficient solar panels and we are planning to buy a byd car so we are more self sufficient, sadly the eu out sanctions so we’ll probably buy next year
Next year, China's solar panels can be mass-produced conversion efficiency may exceed 27%, 2024 mass production of the latest for 25% TOPcon N type.
Long live China❤
Suzhou is way close to Shanghai and far away from Beijing.
it's xuzhou(徐州），not Suzhou(苏州）
it's xuzhou
China's domestic EVs are the same quality as imported western EVs? That's quite an exaggeration considering issues with BYD cars and fancy new Xiaomis' competitor to Porsche.
China is a well oiled machine.Both the government and private sector does their best to fulfill the vision set by the Chinese leadership.
What is the significance of seeing at least three or more pieces of news every day for over a decade? If China's economy collapses, why continue to impose sanctions and suppression?
SO far It seems China it's doing just fine
The western media doesn’t want China to be a powerful country and Chinese people live a better life😂
It's the way China behaves in bullying neighboring countries grabbing territories that don't belong to China.
The world doesn't need this type of government.
The bots are really rowdy today.
Invest in undervalued and growth companies like C3iS Inc.
Argentina bought more expensive second hand F16's from Europe instead of the cheaper brand new Chinese ones. Why is that??
it's for the kickbacks $$$usd, for the big guy in argentina. LOL
Easy . They want loan from imf .
Brand new Chinese made fighter jets are not battle-reliable. F16s have proven itself numerous times in warfare.
political affiliations from the new goverment who is pro US and pro ISrael
Because they're led my Milei, have you seen that clown?
If USA wants more expensive products, China should oblige and double the prices, that way everyone is happy.
Non warmonger nations are fine with cheap products.
I don't have a problem with doing business with China. I don't necessarily have a problem with trading with an authoritarian system. My problem is when that system reaches the point of brutality, I'm referring in particular to the treatment of Uighur Muslims.
Both the US and the EU is scared as to how quickly China is catching up.
China number one?
comment section = China no.1 while living in the US.
Discount nationalism. Reminds me of the hordes of Turks and Greeks wagging an Internet war against each other...from their comfortable flats in Germany.
Xi's daughter of Xihanos
Daj Boże i Polsce taką "chwiejną" gospodarkę. Zazdrościli by nam i Niemcy i Amerykanie
A faltering economy? Low productivity? Is Bloomberg serious?
Bloomberg, Reuters, business week and wall street journal and others all are enemies of China and hard-core ones.
Even a toddler wouldn't take Bloomberg seriously.
Mald?
I’m certain Bloomberg will approve! Beijing Bloomberg! Move there!
Since when is exporting more and consuming less domestically a bad thing!
When you cannot develop an internal economy due to supply side economics like the world has never seen?
@@timmyg44 Supply side economic is a theory of economic growth. The Chinese chose to use another, produce more to sell more to the world and consumed less themselves, an ancient economic law of how to get wealthy. I understand it is bad for the G7 when their manufacturing products can not compete with Chinese made products and if it continue it will put G7 companies out of business but I don't understand how this is bad for China economically.
@@bobcharles7716boils down to being limited by tax revenue losses in the short term
@@bobcharles7716 It's bad for China economically because they have failed to develop an internal economy, which means they cannot turn to their own people to sell their own goods. This is what happens when you have for decades used taxes collected to support corporations, but not consumers. Now, China has literally stopped propping up their housing market and used that exact measure of capital to double down on even more on supply side. However, this is being angrily rejected by the rest of the world who seek to protect their own markets. as an infarction of WTO rules. Now China is in trouble; I'd know I'm seeing the pain with my own eyes.
@@timmyg44 When you say " cannot turn to their own people to sell their own goods" to me that means they have a population that is frugal, the Chinese by consumes less then their western counterparts. How is having a frugal population, a population of saver a bad thing for the economy. It just means China have a more productive population. When your workforce are consuming less saving more and there fore producing more to sell else where that makes makes you richer, does it not? It does. You nail the problem on the head when you say "it is being angrily rejected by the rest of the world who seek to protect their own markets" Because the G7(and their dependent states) but not the world needed to do something to prevent their companies from going out of business but demanding that China export less and consumed more. But this is out of line. Would this G7 problem be solved simply if the people of the G7 work as hard and smart as the Chinese and be as frugal as the Chinese? So this is not China economic problem this is a G7 demanding China do what the G7 wants so the G7 can maintain their current economic status.
The history of the mandatory "made in ___"-label is that the UK wanted to brand newly industrialized Germany as inferior. We all know that backfired greatly, as "made in Germany" remains a quality stamp. If China pulls off the same move...hat's off. Chinese EVs are already a great quality product and US/EU tariffs are mostly hurting their own people. Remember WTO rules, anyone?
A majority of electric power production in China stills is produced by coal. This is due to the physics of energy density. Solar is just a niche power producer.
The world's solar capacity is already larger than hydro, most of which built in the last few years. Not sure how that's niche
They are rapidly expanding nuclear and natural gas.
@@Paulo44.01 Hydro is approximately 7% of total in the US; solar is under 10% using constant production numbers. China has a mix of power production which is logical. Solar/wind are constrained by inherent lack of energy density, intermittentcy, irregularity and seasonality. They are part of the mix, but can't carry the load by themselves.
Would love to have bloomie talk about plutocracy in the US.
I wonder why many people are not concerned about those countries with the GDP of only 1 or 2 %.? Some countries even suffer negative GDP.
China has some difficulties and is working on this, you can be sure they will succeed !!!
I am here for the China bad bots.
👏👏👏.....中国加油🎉....💪✌️👍
Puff piece is an an article or story of exaggerating praise that often ignores or downplays opposing viewpoints or evidence to the contrary.
June 4th 1989.
What SHILL made this video?
better ask how USSA is rewiring it's faltering economy
China should quickly change its tactics, reassess its strategy, and realize that this is not at all about trade or environmental goals, but solely about maintaining US power in the world. And will companies in the EU, China, and even the US itself incur losses? Yes, they will! Does anyone seriously think that the "elites" in the USA care about this at all? For them, money is merely a tool and is important until they achieve absolute power in the world, and China is a significant obstacle to this. Once China and its allies are removed, something unprecedented will happen, something the world has never experienced before, despite having witnessed the rise and fall of great empires throughout its history. All the economic theories that have guided the world until now will cease to matter because a small group of people ("elites") who will have absolute power will determine the value of everything, including money and human beings themselves.
Support Chinese economy to keep balance of power. 😊
China already has a small group of elites.
"Faltering" is a nice way to put it.
If china is faltering
We have crashed
Sounds like China has high standards... and Xi is doing well in achieving them?
as a socialist their still a socialist country with a socialist economy it's just changing a few things up
GDP growth is contributing from many sectors, like real estate: housing, apartments, village.
consumer goods: technology, cell phones, tvs, appliances; entertainment: movies, music concerts, sports events, automobile industry; food sector in restaurants, vendors package domestic livestock, fish market, fresh produce. School, education also provides cash from paying tuition to pay staff and educators.
Here it tell us China economy rewiring and showing us a chart/ pie graphical view of reshuffling consumer products towards EV sales, green energy, consumer more local goods and services.
Reinvest in local markets by traveling within the mainland and all Province.
I've been following you for a while. I'm from Serbia. Would you be kind enough to make a video for us beginners? To know when which indicator and oscillator we can apply? You are so great at your job.Please make a video for us beginners.I love you.
China has grown 4.7% GDP despite heaving a population decline, go figure out if western country can achieve that.
robots dont buy
Maintenance+services, demand is demand,
@@xxPlaceboxx robots are owned by the people
@@Kunju69420 yeah, i'm sure 'the people' have no say in what you say they own.
@@paladro Chinese government has golden shares in companies. The Chinese government also has a 95.5% approval rating.
The video has convinced the Wumaos ----------- but, knowing more details about systemic problems, I have doubts.
Every time I read or hear about China doing high end products I think of Temu items...
Maybe that's the highest you can afford.
The west made a series of China property collapse last year, debt ridden, high unemployment and shrinking demographics.
However, China economy continues to grow at 4-5% higher than US and EU.
So they say. CCP lies all the time
It's easier to grow 5% when the GDP per capita is 12k USD. Also the faltering part is that it is slowing down greatly with a lot of structural issues within the economy.
Move to China then if you believe life there is so great
You can always juice GDP by increasing debt or loosening monetary policy. It’s not a sustainable practice and the longer you ignore reforms, the more it’ll hurt when you can’t.
@@Coz131than why do all the politicians and media are so afraid of China?
As the world's largest economy measured by PPP and second largest economy measured by GDP, being able to grow about 5% is amazing.
It represent about half of the global economic growth.
American economy only grow about 1%.
If China's 5% economic growth is called faltering, then we should called American economy is a nightmare.
Anyone agree ?
No because China growth has reduced dramatically over the last years and is expected to fall much below 5%. Since Chinese income per capita is about six times lower than that of the USA, this is much too slow.
@@alexandervt641not to mention china's numbers are inflated dramatically
@@alexandervt641 Your view has calm the Western fear. It allow China to grow peacefully. Thank you.
@@camerinwalker1365 Your view has calm the Western fear of China's meteoric rise. It allow China to continue grow peacefully without being attacked. Thanks
The Quality of these Chanel are Jokingly Joke 😂😂😂
Another Propaganda from USA
They have been failing for the last 10 years 😂
If You Change 🇨🇳 to 🇺🇸, It’s More Believable
Except that the US economy is doing fine. It keeps growing at a steady 2-3%, which is what you can expect from a mature economy. China is not mature and has not managed to stay on the course that would be required for it to become one. Too many people at the bottom are left out and now they have lost their last generation of youth as well.
Cope harder! I know the True Story
@@lepidoptera9337 😂😂😂
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
@@lepidoptera9337found the cia bot .
Usa is under chinese debt
@@zacksmith5963 Where do you get your drugs from, kid? ;-)
one of the few that talk about bread and butter economy rather than a pie in the sky ideology.
I am writing a term paper on the matter atm with a case study on CATL. Very interesting stuff!
An economy growing at 5% is faltering?! Propaganda than journalism.
The CCP is great at manufacturing... numbers.
@@brianquigley1940I don't see proof from u .
The numbers are from imf . Not china
@brianquigley1940 The last time, I thought imf is a western propaganda machine. The 5 percent mentioned here is from imf.
China will bring peace and prosperioty to the world. Don't slander on China!
Time for tariffs
Tariffs are paid by US consumers, do you know that? Do you know the basic economics?
yip nothing says democratic freemarket capitalism than tarrifs.
@@mrrolandlawrence There is no cure for stupidity.
How is China going to maintain its growth levels with a worker force of elderly people?
Same as USA Korea UK Japan as all of them are going through demographics collapse
@@JonySmith-bb4gx The UK and US are not anywhere near as bad as East Asia.
China is faltering and US is dooming. 😂
I question the accuracy of this report - you need to check out the details on how the EV car companies are boosting the sales numbers.
here comes the global solar revolution
Why can't China just build out more of its energy need to come from wind and solar if it has excessive solar panel capacity and lack of jobs? That'll eventually reduce the use of coal burning power plants. It also has big battery capacity to build energy storage that doesn't need to go to over supplied EVs.
Oh where is gordon chang? Has he collapsed?
China's faltering economy?
😂😂
26 seconds in I learned that china is suffering from low productivity and cheap manufacturing LOLS, seriously