Is China launching plans to become self-sufficient? | DW Business

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  • čas přidán 28. 08. 2024
  • Description: DW Business talks to China economist George Magnus about the significance of the country's 'Third Plenum', an important closed-door meeting of the Communist Party's leadership. On the agenda are reforms aimed at boosting economic growth amidst a slowing economy, which are rumored to include initiatives to enhance technological self-sufficiency and support the private sector.
    #China #chinaeconomy
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Komentáře • 726

  • @charliesu2426
    @charliesu2426 Před měsícem +379

    China's decision is made secrectly behind closed door in Beijing, Germany's decision is made secretly behind closed door in Washington 😅

    • @user-nu5mn2pu5f
      @user-nu5mn2pu5f Před měsícem +13

      So true!

    • @afolabifaruq9606
      @afolabifaruq9606 Před měsícem

      Who takes those "Things" seriously?

    • @antonmihoc4109
      @antonmihoc4109 Před měsícem

      Very good.

    • @Naikomi95
      @Naikomi95 Před měsícem

      @@charliesu2426 the litte pinks are coming

    • @justme6275
      @justme6275 Před měsícem

      "made secretly behind closed door in Washington" by Washington alone and Germans take orders faithfully - like a little puddle.

  • @TheStefanmiletic
    @TheStefanmiletic Před měsícem +204

    I'm fascinated by how the West considers a 4.7% GDP growth rate slow, especially when European economies aren't growing at all. China hasn't experienced a recession since 1976. Even in 2020, their economy managed to grow. China produces many of the everyday items we use and is technologically on par with the West.

    • @riceball4u172
      @riceball4u172 Před měsícem +22

      It's another way to degrade Chinese even thou the US's economy is less than 2 percent.
      Also, it is in a recession but they change the definition of recession about a year ago to make it looks like the US economy is doing good.

    • @mihaicozma4054
      @mihaicozma4054 Před měsícem +2

      That’s a 4,7 % growth in value of 20 trillions economy ....which is not all west and whole Europe combine ( except USA). It’s about the blue of growth in trillions is not the % 😂😂😂😂😂

    • @davidtran1360
      @davidtran1360 Před měsícem

      You're talking about a country that stopped reporting youth unemployment because the numbers were bad. Nothing can be trusted when it comes from China.

    • @thetorontorealtor3625
      @thetorontorealtor3625 Před měsícem

      It’s slow for “ china standards” with that huge population that’s what the west means. China has more people that the ENTIRE western hemisphere ( north South America ) The USA is still the king with a spacecraft on mars and the best telescope on earth and the only 6th generation fighter raider jet in its arsenal. The world still trusts the USA overall.

    • @kennethkong5484
      @kennethkong5484 Před měsícem +5

      The world Bank upgraded to 5%, or double that of USA

  • @happymelon7129
    @happymelon7129 Před měsícem +558

    Winners Focus on Winning,
    Losers Focus on Winners..

    • @user-ki5by6vj1q
      @user-ki5by6vj1q Před měsícem +23

      vote for cheaper and better products.

    • @happymelon7129
      @happymelon7129 Před měsícem +49

      🤣How China is alone when trade with all Global south ??
      Trade with 80% world population...even without the west..

    • @yomajo
      @yomajo Před měsícem +3

      hence IP theft.

    • @hongjian3714
      @hongjian3714 Před měsícem +34

      @@yomajo what IPs do you still have? 5G? EV? Quantum Computing? Next Gen nuclear power plants? Nothing of that is Western to begin with.

    • @xman1533
      @xman1533 Před měsícem +5

      ​@@happymelon7129Exactly

  • @shinkulam3064
    @shinkulam3064 Před měsícem +342

    How can it be a secretive meeting? with thousands of delegates and reporters around.

    • @chopinmack5418
      @chopinmack5418 Před měsícem +57

      All the discussion points for the Third Plenum were published in local Chinese Newspapers . If China
      economist - George Magnus can read Chinese , the meeting will not be very secretive .

    • @truthful3777
      @truthful3777 Před měsícem +65

      Western narrative lah..

    • @sarcasmo57
      @sarcasmo57 Před měsícem +22

      The reporters are told what to report.

    • @truthful3777
      @truthful3777 Před měsícem

      SO? If told to report then CCP will be obligated to follow what was reported. Unlike the west that speak with 🍴 tongues

    • @feelin_fine
      @feelin_fine Před měsícem +13

      Because it's a closed-door meeting where the discussions and decisions themselves aren't aired, just the results. There's no transparency around process, just the final talking points.

  • @chopinmack5418
    @chopinmack5418 Před měsícem +170

    China is the #1 or #2 trading partner of over 140+ countries . China is launching plans to provide sufficient & low cost
    Solar Panels & EV Cars etc .... to all countries so as to slow down the climate change effects . China is not alone .

    • @DarwinMagsino
      @DarwinMagsino Před měsícem +10

      china is already #1 in trading and in many areas of technology etc etc you name it

    • @afolabifaruq9606
      @afolabifaruq9606 Před měsícem

      But, the west hates this, when they lost all terms, they call it ?"Overproduction"

    • @lwkh816
      @lwkh816 Před 29 dny

      ​@@DarwinMagsino not hard to find out, why asked?

    • @bernieprecones
      @bernieprecones Před 22 dny

      ​@DarwinMagsino has been number one...but now it's a different story....a lot of foreign government do not trust China..they banned some Chinese Co.

    • @User-imwnx151
      @User-imwnx151 Před 16 dny

      By trading you mean taking over other countries' jobs?

  • @dannyboy8850
    @dannyboy8850 Před měsícem +121

    This discussion shows how little DW understands China governance and policy making.

    • @user-nu5mn2pu5f
      @user-nu5mn2pu5f Před měsícem

      Ineed DW knows China well but they are just si anti-China as they paid by US...😂

    • @chl4655
      @chl4655 Před měsícem +10

      They know but pretending not to ensure their audiences are misinfored. Can't wake the one who pretend asleep.

    • @moquant947
      @moquant947 Před měsícem +7

      They understand, but their job is to smear the opponent.

    • @YCHTT
      @YCHTT Před měsícem +7

      DW News = Department of Washington News

    • @HTeo-og1lg
      @HTeo-og1lg Před 20 dny +1

      @@YCHTT . Bingo!

  • @jacobomega5991
    @jacobomega5991 Před měsícem +136

    Why are there so many videos related to China by people who know so little about China? Is this comedy?

    • @xxcfbb
      @xxcfbb Před měsícem

      It's very sad, media is designed to push narratives, not the truth.

    • @alexwhinnie274
      @alexwhinnie274 Před měsícem

      Well where did he speak wrongly then ?

    • @willieyz
      @willieyz Před měsícem +8

      Well these reporters are told what and how to report, otherwise their report will not be published.

    • @amraceway
      @amraceway Před měsícem

      @@alexwhinnie274 The questioning of China's ability to develop technology. They have already eclipsed the West.They dominate the world car industry absorbing such brands as Volvo, MG and Lotus with many more to come. They have moved on while the West is fighting a losing rear guard action.

    • @McnkfnkRjdmljd
      @McnkfnkRjdmljd Před 28 dny

      @@willieyz Their reports will be published in china?😅😅😅😅😅

  • @happymelon7129
    @happymelon7129 Před měsícem +332

    How China is alone , when global south(80% world population) work with China ?

    • @ricky1231
      @ricky1231 Před měsícem +6

      What global south lol
      Only Southern Africa & Latin America are south of the equator plus Australia, NZ & Antarctica

    • @MartinMenge
      @MartinMenge Před měsícem +37

      ​@@ricky1231 You are thinking of geographic south. Global North/South refers to power dynamics. This includes multiple factors of political, economic and military dominance by rich, highly industrialised nations over developing, poorer nations. Countries of the Global South include countries that were colonised by countries of the global north, and don't have a majority settler economy or settler dominance in the political sphere. Due to having majority settler economies and due to economic, military and political ties, NZ and Australia are part of the Global North. Using wind directions is a metaphor not a geographic locater.

    • @enigma6682
      @enigma6682 Před měsícem +5

      How much of those "global south" are developed country with good standard of living and being economic powerhouse?

    • @MartinMenge
      @MartinMenge Před měsícem +25

      @@enigma6682 I see you're missing the point.

    • @ambessashield9360
      @ambessashield9360 Před měsícem +25

      @@ricky1231It basically means the entire world outside where white people live

  • @a9udn9u-vanced
    @a9udn9u-vanced Před měsícem +109

    DW's China reporting is so pathetic

    • @grahamcrawley2639
      @grahamcrawley2639 Před měsícem

      Those that report the truth in China get censored and demonitized

    • @HTeo-og1lg
      @HTeo-og1lg Před 20 dny +2

      Don't blame the Germans. Please direct your complaints to the US Admin.

    • @drscopeify
      @drscopeify Před 6 dny

      This is honest reporting something Chinese Nationalists hate, but you must understand that You are commenting in total opposition to the Communist Party and XI Jinping. They see the world the same way DW is seeing the world, if you want your Nationalistic Chinese world view to be in power then you need to overthrow Xi Jinping and the Communist party out of power and for your view to become reality. Are you willing to do that?

  • @user-cz7be9un2e
    @user-cz7be9un2e Před měsícem +27

    Mr. Magnus is a prominent economist. But to describe him, who neither speak nor read Chinese, as a China expert is an exaggeration.

  • @batliff
    @batliff Před měsícem +145

    Growth is not China's goal. Stability is.

    • @pjhgerlach
      @pjhgerlach Před měsícem +7

      Control is.

    • @merrick6484
      @merrick6484 Před měsícem +14

      Growth and Controls are verbs (actions) to achieved Stability.

    • @davidz7858
      @davidz7858 Před měsícem +1

      @@merrick6484good point

    • @JonySmith-bb4gx
      @JonySmith-bb4gx Před měsícem +1

      ​@@pjhgerlachcontrol over themselves yes

    • @pjhgerlach
      @pjhgerlach Před měsícem

      @@JonySmith-bb4gx Strange, the want to control Taiwan. We've seen what kind of control over themselves people there lost.

  • @jungletunes3923
    @jungletunes3923 Před měsícem +84

    Forcus on fixing your economy before talking to China.

    • @drscopeify
      @drscopeify Před 6 dny

      Germany is already a developed economy so it has no major changes in the future, however China will have to transition from developing to developed economy and that is a major change. The USA and Europe did this change 1970s-1980s and it was painful with losing industry and manufacturing to other countries and China will soon have to do the same thing. The problem is that if China tries to fight the transition and hold on to industry they could follow the path of Japan which is still trying to hold and so it has become stuck in the past. China doing that is very dangerous for not only China but the world as industry is stuck in China the price will rise for goods leading to inflation and poor countries will be unable to buy goods from China anymore so China will become more and more dependent on the West and that will cause a problem for USA and Europe as they cannot let the trade balance go too far off, it already is very unleveled and so it forces the West to use Tariffs to protect their industry. It is just a bad situation that can be avoided by China letting industry leave China allowing it to raise wages and become developed country properly . we will see how China navigates this path. The West cannot make decisions for China but will react to protect their own industry of course, that is normal, the west did the same with Japan too.

  • @osam6356
    @osam6356 Před měsícem +239

    Highly secretive yet George knows 😂

    • @mapletibits6372
      @mapletibits6372 Před měsícem +43

      @@osam6356 good call out on this oxymoron logic here: highly secretive yet the China experts, who never been to China nor fluent in the language, knows the inner works and thoughts of Xi and top bureaus

    • @vervetech9395
      @vervetech9395 Před měsícem +21

      That's the thing with "experts" DW news invites. They always speculate based on their personal biases instead of providing information based on facts backed by solid evidence

    • @zebraimage
      @zebraimage Před měsícem

      He doesn't "know". He's anticipating. The question is weather it is secretive? If it's not, do YOU know any details about it?

    • @samuellopesbaule5745
      @samuellopesbaule5745 Před měsícem

      😂😂😂😂😂😂

    • @kkhalifah1019
      @kkhalifah1019 Před měsícem

      EXACTLY!

  • @morrismak
    @morrismak Před měsícem +67

    "meeting happening in secret"
    What do they expect? Have the meeting in open so that your opponents would know what the country is doing so they can plan a counter move to keep the country down right away? I would love to see a NBA team have their halftime meeting in the middle of the court with microphones so that the whole stadium, your opponent, and the rest of the league knows what and how this team operates and their plans.

  • @s.m.9803
    @s.m.9803 Před měsícem +34

    How are policy decisions made in Germany? In parliament or in secret meetings with big corporations?!!

    • @user-ef8uw5tg7p
      @user-ef8uw5tg7p Před měsícem +2

      德国的策略在华盛顿制定

    • @user-ws8lo4wt6m
      @user-ws8lo4wt6m Před 15 dny

      @@user-ef8uw5tg7p卧槽一堆英文里出现个汉语我都没反应过来

    • @drscopeify
      @drscopeify Před 6 dny

      In Germany the population vote for leaders to represent them in parliament. The leaders do what is right for the people they represent. The Democratic world has no central planning at all, decisions are made as time changes for what the population want. If China exporting goods to Europe risks people's jobs they will demand politicians to protect their jobs and block access to Chinese companies. This is not making enemies between countries just normal trade games. China can export more and more goods to Germany that Germany does not make so there are no jobs at risk. The West had the same situation with Japan in 1980s-1990s, it is not a big problem, this is just part of normal trade relations. Germany had trade war with Japan but they are very friendly countries, and Germany can be very friendly with China even with a trade war, that is just normal relations

    • @jibinjohn8871
      @jibinjohn8871 Před 20 hodinami

      German policies are decided in Washington DC.

    • @drscopeify
      @drscopeify Před 12 hodinami

      @@jibinjohn8871 That is not true, German people vote for Democratic leaders for them to run policy that is best for their people. You do not understand how Democracy works but that is your own issue to figure out,

  • @stereomtl9001
    @stereomtl9001 Před měsícem +127

    I swear DW ....do you have a 12 year old come up with the video titles 😂😂😂

    • @Cam4Cameron
      @Cam4Cameron Před měsícem +3

      They just know their audience, and it made you comment 🤷‍♂

    • @scoty_does
      @scoty_does Před měsícem +2

      They certainly have a point of view.. I wouldnt call this news.. .

    • @AstuteRealm
      @AstuteRealm Před měsícem +1

      They're like some cheap content creator focusing on views for money

    • @andrewlim7751
      @andrewlim7751 Před měsícem +3

      They report "opinions" not news, something like CNN. 😁😁

  • @YCHTT
    @YCHTT Před měsícem +12

    DW News = Department of Washington News

  • @kennethpao1355
    @kennethpao1355 Před měsícem +69

    I really find the comments and discussions in this CZcams video about the Chinese economy and the "secretive Communist Chinese Party" far off the mark. If you read Chinese, details about the 3rd Plenum are in many Chinese official newspapers. The 3rd Plenum is always focused on domestic economy. The current economic challenges facing China are quite well known - the real estate bubble purposely busted earlier needed resolution, the trade war launched by the US against China caused much unemployment among the low end manufacturing sectors, the general economic slow down since the pandemic caused much unemployment among new college graduates and finally the high accumulated debt among provincial/city/county governments needed resolution - all of these have been reported widely in Chinese and foreign language media. That is what the 3rd Plenum is all about - finding strategic solutions for all of these issues and planned execution of coordinated steps to ensure success followed by actual execution steps. Hope your viewers find this helpful. Good night gentlemen from west coast USA.

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because West is not a trustworthy suppliers as the world has seen so far!

    • @magicsmurfy
      @magicsmurfy Před měsícem

      because they are expecting us to print everything in English, so it is not secretive any more. yet they could not be bothered to learn Chinese. Most of the Chinese people learn English since the age of 3. Most of the Americans learn Chinese since they are 30. That is the difference. They cannot read our stuff, so they call us secretive.

  • @yehuo2825
    @yehuo2825 Před měsícem +183

    based on history... china has been trying to be self-sustainable since 1998, cause the usa denied china access to the iss.

    • @RoxyDump7
      @RoxyDump7 Před měsícem

      So basicly china now create by US

    • @pumalee1997
      @pumalee1997 Před měsícem +13

      自从 1949

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because West is not a trustworthy suppliers as the world has seen so far!

    • @thefourthrabbit9516
      @thefourthrabbit9516 Před měsícem

      Yes, and DW and others are trying to sound like it is China's choice or China's fault that the EU and the US are now trying to decouple from China. In reality, it is purely the irrational decision of US political elites who wanted to end globalization because they no longer make the most money from it.

    • @yehuo2825
      @yehuo2825 Před měsícem

      @@pumalee1997
      very true!
      they have been trying to improve to find a system that works once commu started...

  • @dr4jm
    @dr4jm Před měsícem +154

    So nothing to worry then? China is so bad that the top leadership are sitting down and talk about strategies for the next 10 years. Western countries meanwhile are planning about who will win the American presidential elections since the economies are doing so well..

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because West is not a trustworthy suppliers as the world has seen so far!

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because Europe is colony of America!

    • @rioluna6058
      @rioluna6058 Před měsícem +1

      im not american i think USA is a circus but you have to be navie in thinking that xi jinping make only logical desicions hahahhaha brother give me a break ,, please dont be this naive

    • @brendon1689
      @brendon1689 Před měsícem +5

      @@rioluna6058 where did they say that? they're just saying that western governments seem keen to put more on their plate than they can handle

    • @rioluna6058
      @rioluna6058 Před měsícem

      @@brendon1689 callese

  • @scoty_does
    @scoty_does Před měsícem +35

    Belt and road is 11 years old. China isn't going alone anytime soon they have alot of partners.

    • @Naikomi95
      @Naikomi95 Před měsícem

      @@scoty_does 😂

    • @pr0newbie
      @pr0newbie Před 16 dny +1

      To the west, going without them = going alone.

  • @DavidFoon
    @DavidFoon Před měsícem +62

    Why is the reporter harping on "so secretive and vague?"

    • @pjhgerlach
      @pjhgerlach Před měsícem

      Because it is.

    • @merrick6484
      @merrick6484 Před měsícem +1

      Its not so secretive but just another way of doing thing, as the expert said, few agendas have long been discussed among Domestic Economist and Experts in China.
      This Routine Plenum (every 5 years) will set final direction and steps, and clarify all market speculation on where China is going for next 5~20 years.
      Yet, in Western World, no one knows where the country is going until next political leader been elected, and started from scratch again. High uncertainty every 4 years if they can stay in position that long.😂😂😂

    • @Dollarrmb-pk6ub
      @Dollarrmb-pk6ub Před měsícem

      He is PAID to do so.
      US has a budget to pay reporters to write n talk bad about China

    • @user-ot2nh8qb7d
      @user-ot2nh8qb7d Před měsícem

      Mainstream Western "reporters" don't think for themselves, they are told what to report, when to report, and how to report it. Pay attention to the choice of words and language use, their intentions are very telling. It's all very calculative and purposely done, never by accident. It is so secretive, yet they claim to be in the know and know about it. And many will be attending.
      Is planning for the health of their economy, country, and people forbidden now? Is only the West allowed to hold these types of meetings and set out strategies on how to navigate the complexity of an ever-changing world, one with a very aggressive selfish rival no less? Nothing secretive about it, just stoking the age-old cold war mentality to justify their positions/jobs.

    • @ayambo3281
      @ayambo3281 Před měsícem

      Because the whole purpose of this episode is to demonize China

  • @magicsmurfy
    @magicsmurfy Před měsícem +16

    I still hear people from G7 thinks, China needs the world for food, and complained us consuming too much from planet Earth. So they should be happy that we are bcoming more and more self sufficient, right?

  • @jemler3speak
    @jemler3speak Před měsícem +13

    Oh yeah worried so much about China's internal operation not "opened" or "transparent", have Germany opened the info who blasted the NdStream 2 pipe lines?

  • @waynegore5291
    @waynegore5291 Před měsícem +119

    China analyst?
    No, know-nothing-about-China lyst.

    • @nenadmitrovic3469
      @nenadmitrovic3469 Před měsícem

      He know to drag China trough the mud, thats why he is there

    • @gregoryedwards9097
      @gregoryedwards9097 Před měsícem

      lmfao

    • @pjacobsen1000
      @pjacobsen1000 Před měsícem

      Can you point to anything specific he said that was factually wrong?

    • @waynegore5291
      @waynegore5291 Před měsícem +7

      @pjacobsen1000
      I can't point to anything specific he said that was factually right.

    • @user-lx1re3fn2u
      @user-lx1re3fn2u Před měsícem

      ​@@pjacobsen1000just fine if you believe 😂It's impossible for the United States to have genuine experts on China issues because their cognition is Western-style, just like using Western medicine thinking to study traditional Chinese medicine.The dishes made in Chinese restaurants in Chinatown in the United States don't have the taste of authentic Chinese cuisine.

  • @sydca5365
    @sydca5365 Před měsícem +22

    What? Chinese government is now seeking for advice from these two over how to run their economy?

  • @TheKkpop1
    @TheKkpop1 Před měsícem +55

    Chinese leaders are placing strong emphasis on high technology especially computer chips, moving away from the realty and reducing labour intensive industry.

    • @leosiwicki2013
      @leosiwicki2013 Před měsícem +1

      This is why they want Taiwan to give them that tech jump

    • @pipiqiqi4010
      @pipiqiqi4010 Před měsícem +12

      @@leosiwicki2013 Taiwan just is a chip contract manufacturing organization, they don't own the chip machine by their own completely, and the technology belongs to ASML, and guess Who own the ASML really?

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because West is not a trustworthy suppliers as the world has seen so far!

    • @merrick6484
      @merrick6484 Před měsícem +3

      Chinese Plenum goes deeper and wider than Technology in Market places, but also on tax reform, land reform and Government relaxion on regulations and efficiency.

    • @TheKkpop1
      @TheKkpop1 Před měsícem

      @@merrick6484
      Tax reform is needed as Chinese tax revenue is lower than developed countries.
      Government deregulation indicates Chinese entrepreneurs are confident to compete, thus more open markets are needed for foreign competitors.

  • @cityofgardenerssg318
    @cityofgardenerssg318 Před měsícem +48

    Do people hold meetings in public in the US/EU?

    • @headoverheels88
      @headoverheels88 Před měsícem +1

      Yes. It's called the legislative process.

    • @zenastronomy
      @zenastronomy Před měsícem +15

      ​@@headoverheels88😂😂😂 still believing in fairy tales I see

    • @curlanable
      @curlanable Před měsícem +4

      ​@@headoverheels88WEF etc decides our legislative process not our congress/parliament and it's meetings are no different from this meeting

    • @kevinc1200
      @kevinc1200 Před měsícem +2

      @@headoverheels88 Of course the legislative process is open, so is China's. We are talking about meetings on future strategies and development. Surely you don't think all meetings are just for legislation or that all legislative meetings in the West are fully open?

    • @user-ot2nh8qb7d
      @user-ot2nh8qb7d Před měsícem +1

      @@headoverheels88 No they don't, they discuss and banter about the most superficial and mundane things. I want to know the nitty gritty details and deeper more meaningful strategies. That is not public knowledge, but I reckon you already know this.

  • @luciferx1636
    @luciferx1636 Před měsícem +82

    His speech more like mean to US then china . Like how Germany became US pet and how obedient as like Canada, uk, japan , korian and Philippine.

    • @Naikomi95
      @Naikomi95 Před měsícem

      @@luciferx1636 I look a angry little pink

  • @a-c3po
    @a-c3po Před měsícem +10

    The title seems like a joke, please google it China's trading amount is No. 1. among many countries.

  • @AlgoRhythmAI
    @AlgoRhythmAI Před měsícem +16

    I think China is big enough and has enough talent and resources to become self sufficient. Of course, this is not ideal; the world should work together. But China may not have a choice because for some reason there is just so much hatred and animosity against the Chinese.

  • @CautionCU
    @CautionCU Před měsícem +6

    China: we will be self-sufficient in 2035.
    Also China: buy our stuff

  • @leahcasey2678
    @leahcasey2678 Před měsícem +4

    Why is it that every time DW conduct an "analysis" of China's economy, they bring in a "China expert" that isn't Chinese?
    Why doesn't DW actually get a Chinese economist from China in the discussion.
    When CGTN discuss the economies or policies of the west, then have panel discussions that include a Chinese expert, a US expert, and an EU expert for balance.

    • @shenshixing1949
      @shenshixing1949 Před 22 dny

      because they only believe that they want to believe

  • @urimtefiki226
    @urimtefiki226 Před měsícem +46

    If you want to go fast go alone.
    If you go with others you will be slower.

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because West is not a trustworthy suppliers as the world has seen so far!

    • @rioluna6058
      @rioluna6058 Před měsícem

      hahahahahahhah brother societies are not a running race ,what are you talking about haha i love when someone uses a phrase and it makes no sense

    • @spy_balloon
      @spy_balloon Před měsícem

      this quote doesnt apply to country scale

  • @virtuous8
    @virtuous8 Před měsícem +3

    only slave owners dont want slaves to be self sufficient

  • @fongponto
    @fongponto Před měsícem +8

    In the new China
    "houses are for living and not for speculating"

  • @herokrime8795
    @herokrime8795 Před měsícem +8

    Pretent to know everything about 'Secretive Plenum' and west assigned adviser to CCP.
    These type of individual is reason west is lossing fast.

  • @freddyyudianto2027
    @freddyyudianto2027 Před měsícem +4

    Being self-sufficient is not always alone intentionally.

  • @gregoryp9813
    @gregoryp9813 Před měsícem +50

    Germany exclude Huawei 5g from 2029. Does that mean Germany will not have 5g until 2029 or the already installed relatively new equipment will be replaced? Either way it is a loss.

    • @pjacobsen1000
      @pjacobsen1000 Před měsícem +1

      Parts of Germany's 5G network is from Huawei, other parts is from other suppliers, like Ericsson. Huawei is cheaper, which is the reason it is in the German network in the first place.

    • @yuey0602
      @yuey0602 Před měsícem +1

      5G equipment in China are more than anywhere else globally combined... we are using 5.5G now...
      good luck to Germany to have 5G fully covered in subways...

    • @fookcheonkhaw7147
      @fookcheonkhaw7147 Před měsícem +1

      China will have 6G by 2029!

    • @merrick6484
      @merrick6484 Před měsícem +6

      The world (not the Western World) are moving toward 5.5 G with Huawei, and in 5 years time, 6G will hit the market.
      No wonder Germany has the worse Tele Connection in EU.

    • @georgesibley7152
      @georgesibley7152 Před měsícem

      @@merrick6484 it shows how far behind the west is when it talks of 5G, Chinese firms are already investing in 6G. Many of the components and patents for 5G are Chinese too.

  • @davidrogers1938
    @davidrogers1938 Před měsícem +9

    4.5% growth means the Chinese economy will grow by $830bn in nominal terms, and (more to the point) $1.5 trillion in PPP terms. This last figure is equal to 26% of German GDP. If that's the sign of an "ailing" economy, then what word would you use to describe Germany, which is projected to grow 0.2% in 2024?

    • @brendon1689
      @brendon1689 Před měsícem +1

      a little bit misguided
      the idea is that they don't "need" to grow much more, so rates of 0.2% are actually fairly strong for so called developed countries
      but it is indeed ridiculous to say that china is on the brink every time the gdp growth goes down by 0.1%

    • @user-po8vd5gp5w
      @user-po8vd5gp5w Před měsícem

      ​@@brendon1689WRONG they "cant" grow =/= they "dont need"

  • @hogallamus9851
    @hogallamus9851 Před měsícem +2

    What a joke Germany has become

  • @orionmedivh5859
    @orionmedivh5859 Před měsícem +17

    The title question is late for 10 or 20 years.

  • @user-ew5eh2co5p
    @user-ew5eh2co5p Před 21 dnem +4

    They always mentioned China as the second largest economy. In terms of real growth and PPP, China is number one by far. The US GDP is fluffed up, they don’t make anything but print paper money. The GDP of real estate, rental, sports and entertainment, services such lawsuits (Trump contributed to over 100 million), over 700 foreign bases, over inflated defence budget, doesn’t add to the growth of a country. Meanwhile, the country is falling apart with fourth rate infrastructure, homelessness, lower income for the majority. Everything is in decline. For God sakes, can’t even bring back the stuck astronauts.

  • @vicsh.7924
    @vicsh.7924 Před měsícem +3

    The whole world is fighting except Chinese who are dancing. Damn you the world.

  • @garzila
    @garzila Před měsícem +2

    Hard not to blame China for wanting to be self sufficient. Look at how the US has been making it difficult with all these restrictions and sanctions

  • @YongLi-np3wg
    @YongLi-np3wg Před měsícem +36

    Does China have a choice?

    • @pompeo9116
      @pompeo9116 Před měsícem

      Because West is not a trustworthy suppliers as the world has seen so far!

    • @andyqian1241
      @andyqian1241 Před měsícem +1

      中国正在变的越来越好,这就是我们的选择

  • @henriqueartem5471
    @henriqueartem5471 Před měsícem +5

    "arcane", "secretive"... seriously DW you can do better than this

  • @Kltary
    @Kltary Před měsícem +3

    Man, you going on and on about housing over there and people are lined up with tents in American cities!

  • @Big_Blue_Monkey
    @Big_Blue_Monkey Před měsícem +6

    Aren't all government meetings behind closed doors regardless of country. It's not like the BBC has a camera crew at every cabinet meeting in the UK lol

  • @charyoung8001
    @charyoung8001 Před měsícem +2

    You are too late to the party, Professor! “ Self sufficiency “ has been a stated goal of the Chinese government and the Chinese state for the past 80 years since 1949!
    And they say this every year every day, specially every four years at the national party meetings! Have you been living under a rock? What kind of scholar are you?

  • @kennethkong5484
    @kennethkong5484 Před měsícem +2

    China leadership is selected through merit, by proven leadership and competence, where the Premier spends 2 to 3 decades in increasing responsibility rising to governing provinces of 50 million persons

  • @Gorilla6699
    @Gorilla6699 Před měsícem +3

    What do you expect them to do when the West kept sanctioning them?

  • @JIANGTG
    @JIANGTG Před měsícem +2

    1. China has an important target to become self-sufficient.
    2. Xi Jinping has reiterated that Chinese rice bowls must be firmly held in own hands.
    3. China's overall strategies are : self-reliant , self-sufficient , self-standing , self- creative . It has implemented many projects , including breeding sea foods in deserts , scientific improvement in agriculture , transforming deserts into oasis , fully utilizing drones for better farming , etc.

  • @excalibur8448
    @excalibur8448 Před měsícem +67

    😂😂😂LOL, this dude literally knows nothing about how the Chinese government works…

    • @DK-ev9dg
      @DK-ev9dg Před měsícem

      Nobody understands in the west how china works.

    • @Eastwind99
      @Eastwind99 Před měsícem

      @@dva333 The fact that Chinese GDP doubled in the last 10 years shows CLEARLY they understand perfectly how the world works.
      Keep listening to these so called Western China "experts", and you will become as clueless as they are. LOL

    • @mapletibits6372
      @mapletibits6372 Před měsícem +24

      @@dva333 the answer is no this guy understanding of China is superficial, based on outside observed data and understanding.
      Does China understand the world? I don’t know, but I do know it is no.2 economy and 1st trading partner with over 140 countries…by logic you can’t do business if you don’t understand whom you trading with.

    • @gregwong2132
      @gregwong2132 Před měsícem +16

      ​@@dva333China is understanding how western imperialism works and is working with other nations who are sick of it

    • @rsavage-r2v
      @rsavage-r2v Před měsícem +9

      ​@@dva333China is winning the vast majority of the world as friends. Meanwhile, Western magical thinking that was supposed to "turn the Ruble into rubble" had the opposite effect. Yeah I think they understand the world better than most.

  • @ryanj.3102
    @ryanj.3102 Před měsícem +3

    The DW hosts says China absorbs technology, yes and no. China is being more innovative now and will continue to be as we move towards 2050. I don't doubt a semiconductor breakthrough will happen at some point.

  • @AnthonyCarroll-ue3uv
    @AnthonyCarroll-ue3uv Před měsícem +6

    Hegemon definition is to be self sufficient, its you westerners have marred it.

  • @billinsf88
    @billinsf88 Před měsícem +1

    Would you believe if my local bakery will not sell me their cupcakes not only will I make a better cupcake to sell to its customers but learn to make my own oven and grow my own wheat to reduce my cost😂😂😂.

  • @robintan502
    @robintan502 Před měsícem +1

    George Magnus basically just smiled and ignored the DW host's smug, misinformed and ideologically loaded statements, and focused on the facts in his replies

  • @urimtefiki226
    @urimtefiki226 Před měsícem +14

    Creativity and new ideas always come when you are alone, as soon as others are around you are disturbed including your family, friends and let alone bullshiter.

    • @georgesibley7152
      @georgesibley7152 Před měsícem

      Not really most ideas and innovations flow from seeing things differently often by mixing with people outside your culture or lifestyle.

    • @rioluna6058
      @rioluna6058 Před měsícem

      are this chinnese poems or something? wyou have been saying phrases that make no sense

    • @georgesibley7152
      @georgesibley7152 Před měsícem

      @@rioluna6058 Chinese poems especially those of li po and tu Fu and other Tang poets make a lot of sense.

  • @madsam0320
    @madsam0320 Před 29 dny +2

    It’s hardly surprising, isn’t it? With all the restrictions on EUV lithography machines and high end chips, they will be foolish not to be self reliant.
    Good job, USA.

  • @OddRagnarDengLerstl
    @OddRagnarDengLerstl Před měsícem +4

    Is IMF really the standard for improving economy?

  • @huanghermann5207
    @huanghermann5207 Před měsícem +5

    Demand is weak but not fatal. Technology dependency on the US and the West is fatal for China (national security). Supply chain upgrade is important for China to become a high income?country but is harmful for the West. That is why Chinese leaders prioritize innovation over consumption as the West wishes (it will create a huge market for the West, not just China).

  • @Decoy0527
    @Decoy0527 Před 20 dny +1

    "China's growth slowed to 4.7% in the 2nd quarter". Oh, the horror of it !!

  • @user-yt7dq2kl2t
    @user-yt7dq2kl2t Před 15 dny +2

    lol you guys really don't get it. China does not operate the same economic system and you keep looking at it from the western capitalist perspective. You even said over construction of infrastrcture, which is a laughable concept to chinese.

  • @ShangDaiNagaland
    @ShangDaiNagaland Před měsícem +1

    CHINA🇨🇳 is already Self-reliant and Self-sufficient ✅🏆🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳.

  • @tigerwild1164
    @tigerwild1164 Před měsícem +1

    you forced me, then you blamed me.

  • @LuckyGooseYA
    @LuckyGooseYA Před měsícem +1

    DW‘s view: only western countries are allowed to be called countries 😂

  • @philippusgouws7852
    @philippusgouws7852 Před měsícem +7

    Why not

  • @williamwilliam
    @williamwilliam Před 13 dny +2

    China has long 5-20-year term plans and strategies which they actually implement, while Western governments talk, debate, more talks & discussions due to change of new administration/government, talk & debate some more and, by then, 10-20 years have passed them by with absolutely nothing agreed nor carried out which were for the good of their nation & people. And when any of their plan has been agreed upon and actually being implemented, it is beset with bureaucracies, multiple delays, and huge cost overruns.

  • @ideally6849
    @ideally6849 Před měsícem +22

    I am not sure the so-called expert is aware China has market economy.

    • @markdavis1116
      @markdavis1116 Před měsícem

      You totally controlled by the communist leadership? Than, yeah.

    • @pjacobsen1000
      @pjacobsen1000 Před měsícem

      I'm sure he's aware. We all are.

    • @marcelo55869
      @marcelo55869 Před měsícem

      I mean... whatever the name or classification, it seems to be working... why don't we copy it?

    • @pjacobsen1000
      @pjacobsen1000 Před měsícem

      @@marcelo55869 "why don't we copy it?" Most developed countries have already been operating under a market economy for centuries.

  • @colinlee9678
    @colinlee9678 Před měsícem +1

    Your commentator is wrong in his interpretation about the real property market in China! It has been made the new govt policy to crack down hard on all real property developers engaging in speculative activities!

  • @ylu7450
    @ylu7450 Před měsícem +1

    The title really should be “is the west to force China to go alone?”

  • @thechloromancer3310
    @thechloromancer3310 Před měsícem +4

    So... the country at the heart of both the Belt and Road Initiative and the expanding BRICS+... is "going it alone"?
    Seriously?

  • @gideonsoegiarto2583
    @gideonsoegiarto2583 Před měsícem +3

    May be it's not the idea, but don't you think that any independence country try as much as possible to be self sufficient?

  • @mountkailash6127
    @mountkailash6127 Před měsícem +1

    WIth 1.4 billion people I can't see why they shouldn't or can't be self-sufficient.

  • @donkeykong516
    @donkeykong516 Před měsícem

    China’s plan better than Germany’s plan of declining for US interests. At least China is motivated by the right things, pride and self reliance. Germany is living on prayer

  • @user-qf1fz5xg9c
    @user-qf1fz5xg9c Před měsícem +1

    I just read a lot comments here, so summarize, people think DW is a joke.

  • @bernadinesiy3338
    @bernadinesiy3338 Před 29 dny +2

    You seem to think 4.7% gdp growth is a disappointment? How about Germany’s ? Isnt it negative😂? Get off your colonial imperialist high horse. The game is over.

  • @yoshyoka
    @yoshyoka Před 21 dnem

    The issue of censoring your own history is that it makes you bound to repeat the mistakes of the past. The last times (yes plural) China tried to "get it alone" and choose isolationism it ended up left behind. There is no reason it should be different this time.

  • @jeanhuynh8548
    @jeanhuynh8548 Před měsícem +1

    China growth is slow at 4.7% but Us growth is spectacular at 2.5% LOL 😂. Better yet Germany growth at 0.03% is good, no wonder the West is in decline. They forgot how to do math 🧮 😂

  • @juvezhang1715
    @juvezhang1715 Před měsícem +1

    China will be 3 times richer than US...said Elon Musk😂😂😂

  • @MarvinChenFantasy
    @MarvinChenFantasy Před měsícem +1

    Self-sufficient? Let's call it, derisking.

  • @rubylaser8601
    @rubylaser8601 Před 20 dny +1

    It then becomes North Korea.

  • @tylert9875
    @tylert9875 Před měsícem +4

    Comments are horribly censored.

  • @medialcanthus9681
    @medialcanthus9681 Před 29 dny +1

    Of course china must plan to be as self sufficient as possible seeing how there's 1.4 plus billions of people and seeing that already other countries are trying to stop its people from prospering as well as from bringing more borderline groups further out of poverty.

  • @sanwalyousaf
    @sanwalyousaf Před měsícem +1

    Oh what horror

  • @Anil18834
    @Anil18834 Před 17 dny

    Disappointed on this piece since I read the title. To ask if "China is launching plans to become self sufficient" in 2024 is pointless. This is a question that should have been asked 30 years ago. The results are self evident.

  • @TienyeeTien
    @TienyeeTien Před 29 dny +1

    Meloni of Italy is in China now. Alone? 🤣

  • @shawngao1227
    @shawngao1227 Před měsícem +1

    Of course,G7 is the center of this universe.🙃

  • @daramy9507
    @daramy9507 Před měsícem

    China is so confident about its development prospects that it is willing to announce it to the world.

  • @magicsmurfy
    @magicsmurfy Před měsícem +1

    As I was typing my messages yesterday, and this morning I already have staffs telling me and deciphering these meetings follow up, about 7 main points and 14 sub-points. And we have to quickly realign the company's directions to maximise profit (from business stand point) and if u r in other sectors, you might want to readjust. If you don't then you might miss the boat and opportunity. The publication (like a White Paper or Green paper in the UK, but this one is in Red cover) is very clear to us, but they are written in Chinese. If these white dudes do not study in China, it is very difficult to understand China. Also, China has no obligation to translate for these "China Experts" speaking here on DW. It is the same for UK/US govt, I doubt Boris Johnson or Biden have the obligation to explain in Chinese to the Chinese how they make their decisions and what are the outcomes of all that. We the Chinese people need to learn English to read what they say. So I expect to see the same, that these China Experts need to be (1) living in China (2) can read and speak Chinese (3) Understand our culture before being able to decipher all of that. If you miss anyone of these 3 elements, to them, it would be "secretive". To us, the Chinese people, they are very open in plain sight. Just need to read it and understand. A lot of publications everywhere, but only searchable in the Chinese language. My advice to all of you listeners here on CZcams, when someone say they are an expert of something, please read their CV first, then calculate exactly how long they spent their lives in China. And what kind of friends do they have in China (not the one who left China for years, have yellow skins or someone they know round the corner of a Chinese Takeaways).

  • @tonywang8302
    @tonywang8302 Před 14 dny +1

    Love China.

  • @juvezhang1715
    @juvezhang1715 Před měsícem +1

    When China was rejected to join Intl Space Sts than China build their own space station😂😂😂😂😂

  • @piyo4341
    @piyo4341 Před měsícem

    DW news, I need to tell you that China has long ago started making themselves self-sufficient, especially in high-end technology.

  • @sguser65
    @sguser65 Před měsícem

    language spoken or written is mainly a form of communication, it was invented for that purpose, pictorially the Chinese characterss r more beautiful and artistic than any written characters so far, it had a history of more than 5000 years

  • @suyang2057
    @suyang2057 Před 27 dny

    If Trump elected, he will start to decouple, If Harris elected, the situation is also worsening. Before being sanctioned as Cuba, China should commence self-sufficient. Because US is also doing the same.

  • @OlafScholz-dj2mn
    @OlafScholz-dj2mn Před měsícem

    Seeing what NATO countries are doing to other countries, it is natural to become completely independent.

  • @tapaskumarbagchi9786
    @tapaskumarbagchi9786 Před měsícem

    If your conjecture is true then for the first time in history of cognizable human existence a country attempts to be self- sufficient.
    No other country in the world can ,at present, even dream of this.

  • @prasadpapolu
    @prasadpapolu Před měsícem +3

    Let’s all wish a me George the Analyst here a healthy long life. He speaks of 10 to 15 years.
    Things should be very clear and establish the the firm direction they are taking by 2030. Let’s hope DW is able to bring him back and request him to analyse again in 2030 in reference to what he came up and tried to give his prediction!
    Life goes on, life has to on!!
    Unless all life or most life is extinguished on earth by some fools causing it by nuclear conflict in their blind hatred for other systems that are unlike them, we should be able to review, irrespective of any of us individuals being alive or not!
    Amen!

    • @yaoliang1580
      @yaoliang1580 Před měsícem

      Do be aware that the real reason for the US n its vassal states antogonism towards China has nothing to do with difference in ideology or value system but is purely economics as they are no longer able to compete on equal terms with China

  • @mythbusterthe6749
    @mythbusterthe6749 Před měsícem

    The recent events and trade restrictions placed by the Mari Ka and West makes it imperative for China to be self sufficient.