People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
Sure, investing is plain-sailing with the aid of an invt-specialist, thus I've always delegated my excesses ever since the rona-outbreak in January 2020 using a shrewd advisor, and my investments have compounded by at least 300%, summing up $820k ROI as of today.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
LOL.. Peter Zeihan said Mao implemented One Child Policy? One Child Policy started 1979, at when, Chairman Mao had already passed away for 3 years! What a laughable Chinese EXPERT!
The west looks at China from the outside and whit a western way of thinking. Tgey don't realise that China is thinking in the long term.that means they are planning long term. It's not the short term like the West thinks . China thinks in terms of centuries, not decades like the West
im white american 44, & living at new york, USA... its all wishful thinking. the west have been saying china will fall 35 years ago - yet, we all know they are doing better than ever!
Just came back from China, wherever I went there are so many young people being educated. The way I look at it, they will not run out of good leaders for decades! Trust me and not that no good Chinese Gordon Chang.
China would have collapsed so many times in the last twenty years if we believed these so called Chine experts. What has collapsed, as a matter of fact, is the credibility of these “experts”.
@@DGu-kj7xf let China stop showing pictures videos which ever they like and not every thing, let them allow foreign visitors and press to move freely and bear criticism. Then there will be credibility to what you say
their fans aren't the smartest bunch of people. They believe whatever these "experts" say to fuel their hateful thoughts and uneasiness about a non-western country that is doing well.
Gordon Chang and Peter Zeihan kind of people are not Chinese experts, they are good business men. They provided the words that the Americans and the anti-China individuals want to hear and comforts that they needed. In return, Chang and Zeihan made profits out of it. A perfect mutual benefiticial and capitalistic transaction!!!
I must admit it that Gordon Chang is "smart". Yes, smart indeed!! This Gordon Chang is doing is to take advantage of American stupidity to enriched himself. Since the 1999s, Gordon Chang has written books predicting "the collapse of China" or demonizing China including: “The coming collapse of China”, “China is going to war” and “China plan to destroy America”. His book resonate with his American reader who wished for/delude themselves of a Chinese collapse or a China threat. They keep buying his book and invited him to talk shows. Over a decade later, there is still no collapse, Americans keep thinking that there is going to be a collapse or China is going to attack America. They still keeping buying books of Gordon Chang’s failed prophesies of China making him very RICH in the process. This smart Gordon Chang has been laughing all the way to the bank as conmen like him do. 🤣🤣🤣
@@thomaslee2783 That could be their coping mechanism for absolute failure to compete with China, so they use these kind of people to inflate their own egos. The truth hurts them to actually hear the facts, because the facts of reality, don't conform to their idea of how things should be in their own western mentality. But that's living in denial of facts. First issue of solving a problem is to recognise there is even a problem to begin with, but seeing as how ignorant, blatant all these western so called journalists are of overlooking facts, they don't want to admit to the hard truths, but recently they've been slowly, but gradually realising they're on the losing side, because look at all these countries who are thinking of joining the BRICS, compared to their pathetic G7, or G20, For development, more & more countries are now thinking of ditching US dollars, for trading. This would flood the market with even more unwanted US dollars, which will make a headache for US government. It's about time, people start realising that US Ptero-Dollar system is on its last legs, it won't last forever, nothing lasts forever. Whilst the US establishment, the EU establishments, both switch up their economies in light of Ukraine, by trying to support Ukraine regime, they're making themselves less competitive, because the rest of the world is looking for trading partners, NOT more conflict, wars, when they created these bilateral relations they didn't ask to be involved in any of these clandestine overseas military operations, or be forced to pick a side between West & East, all these countries wanna do is develop their economies, not war. It's also Pre conditions, set by the west in order to start trading, with the global south. I think the west, to some extent has lost their edge when it comes to trading with the global south. They simply have no answer to China's lucrative deals, development, especially development, this area the west is lacking in very badly, whereas China is very well versed in development, they build things so quick, unlike the west, where they have to go through countless useless meetings, just to decide whether to say yes or no, before the west even has meetings on the amount for development, it's a big red tape, that just takes forever to push through anything. China doesn't have any of this red tape. China wastes no time, if someone needs some development, infrastructure built, China can do it without a problem, & this is one of many problems facing the west. They cannot do what China does, building infrastructure for other countries, in a very quick amount of time. Let me put this way, it takes less time for China to build new infrastructure for another country, than it takes for say, USA, or UK to repair a bridge, that to put it bluntly, is pretty embaressing. Even majority of UK, & US citizens are disgusted by the way in which their governments are so slow to build basic infrastructure for other countries. It's pathetic, when you think about it, I mean, USA, thinks that they seem to have some kind of chance to compete with China, it's a joke. Even some people online seem to have this idea that even India is a competitor to China. No joke. I'll be honest here, & even I admit that China is far from perfect, it ain't a perfect country by any stretch of anyone's imagination, but it still gets things done, basic things, like infrastructure, natural disaster relief, basic stuff that other countries have completely failed. 1 thing I do know, is that there is an aging population in China now, less people are marrying & having kids, that's not good for the economy either. I'm sure China will correct this in time.
Gordon Chang has failed not once but a number of times on his predictions and yet they called him a "China expert"? What kinda expet? An expert liar to be exact!
Expert in China bashing. Have to thank Gordon for publishing the coming collapse of China which in effect was telling the US hawks not to restrain or sanction China. So US hawks double down on Iraq and Afghanistan
LMFAO! Another video on China's economy is going to collapse. We've been hearing this on a monthly bases for over 20years. Yet, in 20 years, China has: - moved 800 Million citizens (more than TWICE the population of USA) from poverty, to middle class lifestyles - have built a High Speed Rail network connecting all Cities and country with Trains that travel 350kph. - have built BRI Trading Ports in 157 Countries (out of 197 Countries in the world) - have built their OWN Space Station - Have sent a successful Orbiter, Rover and Lander to Mars - have sent a successful Orbiter, Rover, Lander and Return Module TWICE to the Moon (one to the near side of the Moon, and one to the Far Side of the Moon). - have built the largest production of EV's cars - have more Engineer Graduates than any other Country in the world - Have the most amazing Civic Infrastructures and most affordable Civic Services for ALL their citizens, - etc.
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
One big factor is that the Chinese like to save, hence, older people not only have money, housing, and healthy as well, so they will drive spending, and leave money to their children and grand children so they will not need to work as hard. Chinese population is dynamic, people will bare more child when the timing is right. In a short words, Chinese people think aging population as a bless, not burden, grandparents are often helping their children, and children are often taking care of their parents.
Why need to retired at 60? I am a Singaporean and I retired when I was 74 yrs old. At 76 now I can still do my previous work if I wanted to. I am still pretty healthy physically & mentally. China needs to ‘upgrade & upscale’ its rural young and you will have millions of workforce available quite instantly.
@@scottyler2903 u got to know working in factories is a very tiring thing. New grad students only consider to work in a much more free enviornment such as delivery guy or decent work such as engineer. Working in factories is never an option even they could get higher paid, unless they have encountered issues that enforce them to consider surviving first.
@quanfung5958 The facts are we have not been lied to and the guy is just making that statement up. The other facts are that the American media never says anything about any foreign country unless it is a really big event. The only thing Americans know about China: 1. They have a communist government that blocks them from knowing about the outside world. They are not allowed to criticize their government. 2. 60% of what we buy says "made in China" and you can count on it breaking within 30 days.
@Matthew_Loutner Isn't it amazing how Western education and US government-controlled media have failed its citizens and promoted brain rot within the majority of Americans, who are like living zombies.
Your very lucky @@craigslistseller9354you know youre lied upon..in china the lie is the truth and the truth is a lie.so dont know which is a lie and the truth.
@@craigslistseller9354 You have honestly described where YOU choose to gather intelligence from a ("FREE SOCIETY") now you have to confirm your comments are accurate.
Predictions of China's collapse stem from wishful thinking instead of objective analysis. Certain so called "China experts" or their task-masters obviously have vested interests in portraying China negatively due to geopolitical, economic, or ideological reasons or just simply jealousy. This bias can lead to cherry-picking data, overemphasizing challenges, or downplaying successes. In some cases, these predictions serve specific agendas, as "experts" or their backers may oppose China's rise or political system. Such ill motivated reasoning often results in flawed forecasts that fail to capture China's complex reality and resilience accurately.
These so called "China Experts" are commentators who have never even visited China (let alone lived there), speak the language, understand the people and culture and literally make no attempt to do so. How can anyone take them seriously? It would be like me claiming that I hate baseball and I'm a baseball expert because I read and watch the game just to hate on it even though I've never played the sport or understand the rules etc. It's fine to dislike whatever you dislike, but please don't purport to be an expert on the subject.
No point to compete with America for GDP per person, the cost of medical and education and living are so high, if you do not have private medical insurance, calling an ambulance or emergency will cost you 10 of thousands of dollars bill, this is part of the calculation of GDP, if China raise it currency equal to the US dollars value, China economy is 7 time more than the American economy,
Everyone in middles class or higher has private medical insurance. The government pays the the medical insurance for all poor people, disabled people, and retired people. Also, if you cannot pay the ambulance or emergency, you are not required to pay. The hospital will pay that for you. Also, when your bills are too high for you to pay in the United States, you can pursue the court and the court will cancel your bills. Your comment has no substance.
@@george6696 Equally, all medical work done in China is included in its GDP. Insurance is not GDP . . . GDP stands for Gross Domestic Product . . . only production is counted.
@@george6696 Insurance is not GDP. GDP is Gross Domestic Product. Only something produced is included. One either has high medical bills or high insurance bills -- not both. Medical work is work. Insurance is not work. They cannot be double counted. The reasonable way to count medical expenses is to go by the average annual insurance payment. . . which is $8435 per person. $8435 per person works out to $3 trillion dollars. So you would deduct $3 trillion dollars from the U.S. GDP. But then you have to deduct the Chinese medical costs from their GDP and I do not have access to that information.
@@Matthew_Loutner you don't understand US GDP, all the transaction of cryto currency Bit coin commissions settlement are included as GDP, all life insurance policy and Hwy toll charges are included the calculation od GDP, Because of the high cost of living and the high US dollars, make the US as the highest GDP per person, Go to your research and learn again, This is why US move all its industry manufacturers overseas,
what's even more baffling is these two individuals who studied and worked in China, believe they're expert on what they see (and they even studied and lived in China for a long time), considering how fast China is changing literally year by year
"Israel and Taiwan are bases of operation for Imperialism by the United States in Asia. They created Israel for the Arabs and Taiwan for us. They both have the same objective." - Mao Zedong 毛澤東 (1965)
Isn't communist chairman Mao the guy who caused 40 million Chinese people to starve to death due to his failed centralized food distribution programs? Is there any other person in the history of the world who has accidentally killed 40 million people? WHY are we quoting Mao???
Another good channel to watch is "inside china business". Kevin explains why China's economy isn't collapsing with facts and numbers, not speculation and gut-feeling.
In Canada here, some of our stores still have over 70% of madeinchina, world CONSUMERS will keep India & China competitive prices for their best reliable consumer products .
To all the China Hawks here, can you please explain how Gordon Chang is still taken seriously? The man has not only been wrong for the past few years but literally the past few decades now.
Whoever Gordon Chang is, it is times for him to contemplate his future's predictions and start TO CHANTING "🙏Amitoufu 🙏" asking for "FORGIVENESS" of his NONSENSE and Utterly Dumbfounded predictions..PERIOD..
Why not? Western economic theory was invented when Chinese people were pulling rickshaw. We are math experts. All of the math in China comes from the West. All of the business and banks in China have been copied from the West. Banks were invented in Europe and the modern corporations and stock market were invented in New York.
Interestingly, if you upload this video on a Chinese website, most comments would refute you. Seems those young Chinese people are very pessimistic about the Chinese economy compared to the US or other developed countries' economies. When the government or officers release optimistic data or opinions, they don't believe it. I don't know whether or not the Chinese economy is really that bad or just because there is always a group of pessimistic people.
Simple: Most Chines in China work very hard to get ahead with 10- 12 hours a day in order to be able to buy a house, hence could get married. They don't have time and interest in macro-economic situation of the whole China, not mentioning the world economic situation. So when the job market get tough, in particular when the whole country development transits to a new model (AI, green technology, global BRI trade, automation...), those Chinese that had been prosperous and used to the old job market (real estate, low-tech manufacturing, cheap products, internet-based sale...) face new challenges. It will take them some time to adjust/update their new investment and/or skills to the new reality. They WILL complain loudly, but they WILL adjust in time to survive and develop, as they have been doing for the last 40 years. But for China as whole, the dynamic and nimble mode of operation of the economy, planned and directed by the techno-staffed government and based on the farsighted vision of the world economic situation, would inevitably advance ahead despite ALL challenges and difficulties lying ahead. Those who bet against China ALWAYS end up losing badly, as EU old car industries and American old capitalists show...
@@Eastwind99 Thanks, mate. I found your post very informative. I like reading things that expand your knowledge ... but they have to be rational, logical, and critical analysis of what's happening. I tire very easily with people who have 'no bloody idea', have not fact checked, and just repeat anti-China rhetoric, without even going to China. "But for China as whole, the dynamic and nimble mode of operation of the economy, planned and directed by the techno-staffed government and based on the farsighted vision of the world economic situation, would inevitably advance ahead despite ALL challenges and difficulties lying ahead" ... mate ... the is beautifully stated.
This vid validates what I've been saying too. In spite of a realestate downfall and a decline in population the country still managed to grow at 5%. That means the non realestate economy is doing very well
ha..ha..property prices can't fall 50%? They already did...unless you don't want to acknowledge a market fact but prefer to rely on false official numbers...many high-end properties in Shanghai and Beijing are down by as much as 70%? Want to validate? Please check high end property prices through brokers. China is able to withstand this crisis mainly due to Chinese high savings rate, assets they have build over the last few decades, not because of economy growth. Economy is in severe downturn, whatever the official numbers may say. I was on ground in Hangzhou few weeks back and learned it. CCP controls all media and doesn't let negative news to propagate, which is why there was no panic in the market. Otherwise, China would have tanked precipitously. The whole banking industry is in trouble but CCP doesn't let any one know.
@raoplns Wow. Sounds like they took a page right out of America's playbook, but the CPC's version actually works for the good of the common person...unlike US policies, which benefit the wealthy and corporations.
And most fastest 5G, a lot city at night lights everywhere in other 6 clock in the evening no car on the street china nightlife just started bar opening clubs party like there isn’t any other country has. Night market with all kinds of street food and safe to go out unlike US. I been back for a year no place to go no night life only mall by my house are closed, weekend has no place to go. And I’m moving back hometown Hangzhou China goodbye America so long.
Peter Zeihan is a voodoo, while Gordon is visceral hater. I could understand that Peter is probably just very patriotic, but for Gordon, I am sure something happened to him, even not sure what.
Further urbanization of the population will be a short term fix but will exacerbate the fertility crisis as people living in large crowded cities tend to have fewer children.
Economic ups and downs are normal for any country. If China can defend its independence like Russia did after the collapse of Soviet Union then China will walk through any socioeconomic or sociopolitical crisis within a decade just like Russia did and end up as nuclear superpower again just like Russia is today. China should focus on improving its nuclear weapons capability and bring it at par with USA and Russia for an insurance against internal instability.
All these experts from the developed economies don’t understand the mindset of Chinese government and its people. The Chinese government has a different approach to every facet of human and economic development. They used PRAGMATIC approach and look at deficiencies of other developed countries to adjust their economic policies. For example judging health of your economic and the people through Social Progress Indexes instead of Gross Domestic Product. Which is very murky to determine wellness of its people. In addition, it’s ability to capitalize on multipolar world and the Silk Road blueprint and not getting involved in government or politics of other countries.
Can US compete in Space 🚀 Technologies with China..?? .. can US compete in ship buildings with China..?? .. can US compete with China in Automobile..??... can US compete with China in satellite 🛰️🛰️ mobile phones ??.. Arab nations are switching to CHINA...so are South American nations
Chinas growth is debt driven. You can not compare the rates with other countries without taking this into account. With the demographic numbers. The real problem is the aging population, not just the total number. You mentioned Bulgaria. A lot of those emmigrants contribute wealth to bulgaria an support the elderly. I have family in china. The impact of the severe economic crisis can already be seen. It will for sure go south. I would not rule out a complete collapse. I hope i am wrong... Bytheway, if analysts were wrong in the past with their predictions, why would that mean they are always wrong? I will not invest in china.
1. China, together with Japan, are culturally "savers", and they are net lenders to the world, especially to the US. "The US is 4% of the global population, 40% of global fiscal budget deficits, and 60% of global current account deficits!" (This statement I quote from Lious-Vincent Gave... You can look up CZcams for his many interviews) The bulk of China's debt is in RMB; only about 10% of China's debt is owed to foreigners. China has huge foreign reserves and foreign assets, and that's why China could fund so many BRI projects worldwide. Despite challenging worldwide economic prospects since Fed started hiking USD rates in March 2022, China's net trade surplus surged to USD 99.05 billion in June 2024, ie. China's trade surplus is still growing strongly and adding significantly to its Foreign Reserves. 2. On population decline: Negative population growth birthrate is a phenomenon that is impacting ALL developed economies. (Go do your own research... All the developed countries are suffering from negative population replacement birthrates.) China is the exception as its per capita income hasn't reached "developed" status. I think China is facing it because of its single child policy (1980-2015), its very rapid urbanisation over the same period, and its very high proportion of highly educated female, and economically engaged female in their population. 3. Traditional macro economic statistics can't capture every aspects of real-world economic production and growth. It's not very helpful to compare China and US GDP figures directly. They have chosen very different "development" models and priorities, and thus they have adopted different but accepted conventions to calculate and monitor their respective economic performances. While China emphasizes its real economic capacity, especially hard production output measures; the US emphasis is on its highly financialised assets growth measures. 4. With USD as global reserve currency, the US was able to live way beyond what it's actually producing and earning for the last 50 years. 50% of the wealth, and 90% of the income earned that America has created has been systematically and legally filtered into the private pockets of the top 1%. Such a model and working system is unsustainable. A few of their top 10% have already built their private doomsday home shelters, some in US controlled territory abroad. If you're the top 10% in the US, you should be ok. If not, good luck with your bet! 😊
@@btgan3838 you have good arguments! I try to add some thoughts to the topics. Regarding debt. Even if debt is in own currency only it is still debt. Indeed, china could devalue the debt with a forced inflation (print money) and I think there is no other choice. Right now there is too much deflation (property prices, wage cuts, unemployment) and I expect the government to go into a forced inflation. But if china decides to sell global reserve currency they would have to buy own currency what would add positive pressure on the currency an with it to all entities in debt. Reserves in global currency will not help a lot. Regarding demographics. Yes a lot of developed countries face this problem. My country (Germany) would need 1 Mio newborn per year but we have only 700k. But we have strong net migration, in avg > 500k per year. Net migration is not a feasible option for china as it is just too big. China has a gap of approx 8 Mio newborn per year to keep demographic situation balanced, number will grow to 10 Mio per year. Within this century china will loose > 500 Mio people. This itself is alarming but if you see the age distribution it is a horrific scenario. I hope the best for china.
Well, in all reality, China's economy should have had recessions in the past, but, no one could have possibly imagined China would increase it's debt to GBP ratios so high, in the insane obsession of trying to match or surpass the US GBP. The current stats produced by Michael Pettis , in 2024 each 1 Yuan of GBP costs 6-7 Yuan of debt. So yes China can keep investing in the economy to keep 5% GBP growth going, spending higher and higher amounts of debt to sustain this. But China is already so far off the scales in terms of Debt/GBP ratio, it's difficult to comprehend, how much longer they can push this. With entire banking sector controlled by the CCP, normal market dynamics dont apply.
Lol ok in order for realestate in China to be counted in the pisitive of anything... it's gotta be built , the moneys already spent , so as a China folj you spent 1$ for an apartment, it wasn't built , the money spent , so the gov said it'd cover it buy spending a dollar ...+1$ , by taxing you +1$ , creating inflation +1$ ....so 4$ is the cost but the value remained the same 1$ ...minus inflation
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
Sure, investing is plain-sailing with the aid of an invt-specialist, thus I've always delegated my excesses ever since the rona-outbreak in January 2020 using a shrewd advisor, and my investments have compounded by at least 300%, summing up $820k ROI as of today.
this is incredible! how can I vet your advisor if you please? definitely would love to make money from the market too, but a complete newb..
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
LOL.. Peter Zeihan said Mao implemented One Child Policy? One Child Policy started 1979, at when, Chairman Mao had already passed away for 3 years! What a laughable Chinese EXPERT!
The west looks at China from the outside and whit a western way of thinking. Tgey don't realise that China is thinking in the long term.that means they are planning long term. It's not the short term like the West thinks . China thinks in terms of centuries, not decades like the West
so called china experts are jokers only
Zeihan and Chang aren't about facts, they're about narrative.
Someone said it before, Peter Zeihan is an expert on US, sometimes correct on EU, has no idea on Asia.
也许是“秽土转生”
im white american 44, & living at new york, USA... its all wishful thinking. the west have been saying china will fall 35 years ago - yet, we all know they are doing better than ever!
The author of China's collapse theory has collapsed😅
@@andiy2521 Good one! 😂🎉
@@andiy2521 2521 - LOL!
No, only since 2 years ago. After covid.
Just came back from China, wherever I went there are so many young people being educated. The way I look at it, they will not run out of good leaders for decades! Trust me and not that no good Chinese Gordon Chang.
China would have collapsed so many times in the last twenty years if we believed these so called Chine experts. What has collapsed, as a matter of fact, is the credibility of these “experts”.
@@DGu-kj7xf ---- and yet their books keep selling and the dollars rolling in. To them that is success
@@KayyHong and yet only one whom buy those books are Westerner wishful thinking, Can't see African buy
😂😂😂😂😂😂😂😅😅😅😅😅😅
@@KayyHong, there are plenty of blissfully ignorant people and China haters.
@@DGu-kj7xf let China stop showing pictures videos which ever they like and not every thing, let them allow foreign visitors and press to move freely and bear criticism. Then there will be credibility to what you say
Zeihan and G. Chang have never been right with a track record like that why would anyone listen to those people?
their fans aren't the smartest bunch of people. They believe whatever these "experts" say to fuel their hateful thoughts and uneasiness about a non-western country that is doing well.
The United States always has two clowns🤔 Always comes in pair 😉
Another pair is ole Joe & Donnie the trump 😅
@@pccitizen1647😂😂😂
Gordon Chang and Peter Zeihan kind of people are not Chinese experts, they are good business men.
They provided the words that the Americans and the anti-China individuals want to hear and comforts that they needed.
In return, Chang and Zeihan made profits out of it.
A perfect mutual benefiticial and capitalistic transaction!!!
Fake China experts out to create sensationlized fake China news to make a living. Very pathetic with no shame.
I must admit it that Gordon Chang is "smart". Yes, smart indeed!!
This Gordon Chang is doing is to take advantage of American stupidity to enriched himself.
Since the 1999s, Gordon Chang has written books predicting "the collapse of China" or demonizing China including: “The coming collapse of China”, “China is going to war” and “China plan to destroy America”.
His book resonate with his American reader who wished for/delude themselves of a Chinese collapse or a China threat.
They keep buying his book and invited him to talk shows.
Over a decade later, there is still no collapse, Americans keep thinking that there is going to be a collapse or China is going to attack America.
They still keeping buying books of Gordon Chang’s failed prophesies of China making him very RICH in the process.
This smart Gordon Chang has been laughing all the way to the bank as conmen like him do.
🤣🤣🤣
@@thomaslee2783 That could be their coping mechanism for absolute failure to compete with China, so they use these kind of people to inflate their own egos. The truth hurts them to actually hear the facts, because the facts of reality, don't conform to their idea of how things should be in their own western mentality. But that's living in denial of facts. First issue of solving a problem is to recognise there is even a problem to begin with, but seeing as how ignorant, blatant all these western so called journalists are of overlooking facts, they don't want to admit to the hard truths, but recently they've been slowly, but gradually realising they're on the losing side, because look at all these countries who are thinking of joining the BRICS, compared to their pathetic G7, or G20, For development, more & more countries are now thinking of ditching US dollars, for trading.
This would flood the market with even more unwanted US dollars, which will make a headache for US government. It's about time, people start realising that US Ptero-Dollar system is on its last legs, it won't last forever, nothing lasts forever.
Whilst the US establishment, the EU establishments, both switch up their economies in light of Ukraine, by trying to support Ukraine regime, they're making themselves less competitive, because the rest of the world is looking for trading partners, NOT more conflict, wars, when they created these bilateral relations they didn't ask to be involved in any of these clandestine overseas military operations, or be forced to pick a side between West & East, all these countries wanna do is develop their economies, not war. It's also Pre conditions, set by the west in order to start trading, with the global south. I think the west, to some extent has lost their edge when it comes to trading with the global south. They simply have no answer to China's lucrative deals, development, especially development, this area the west is lacking in very badly, whereas China is very well versed in development, they build things so quick, unlike the west, where they have to go through countless useless meetings, just to decide whether to say yes or no, before the west even has meetings on the amount for development, it's a big red tape, that just takes forever to push through anything. China doesn't have any of this red tape.
China wastes no time, if someone needs some development, infrastructure built, China can do it without a problem, & this is one of many problems facing the west. They cannot do what China does, building infrastructure for other countries, in a very quick amount of time. Let me put this way, it takes less time for China to build new infrastructure for another country, than it takes for say, USA, or UK to repair a bridge, that to put it bluntly, is pretty embaressing. Even majority of UK, & US citizens are disgusted by the way in which their governments are so slow to build basic infrastructure for other countries. It's pathetic, when you think about it, I mean, USA, thinks that they seem to have some kind of chance to compete with China, it's a joke.
Even some people online seem to have this idea that even India is a competitor to China. No joke.
I'll be honest here, & even I admit that China is far from perfect, it ain't a perfect country by any stretch of anyone's imagination, but it still gets things done, basic things, like infrastructure, natural disaster relief,
basic stuff that other countries have completely failed. 1 thing I do know, is that there is an aging population in China now, less people are marrying & having kids, that's not good for the economy either. I'm sure China will correct this in time.
Or they are latent spies fir China 😂
Their god is not responding to their prayers!
Peter Zeihan, a China expert? Don't make me guffaw!
The anti-expert😂 speaking confidently nonsense
The man is a joke. He's no more of a China expert than Gordon Chang.
They are both expect liars!
Gordon Chang has failed not once but a number of times on his predictions and yet they called him a "China expert"? What kinda expet? An expert liar to be exact!
Lying expert😂
He is a MBS - Master of Bull shitting🤣
@@grasshopper3918 ,
The other goes to Lei's Real Talk, who is not only a Mistress of Bull Shitting but a TTC aka Treacherous Traitor of China.
Expert in China bashing. Have to thank Gordon for publishing the coming collapse of China which in effect was telling the US hawks not to restrain or sanction China. So US hawks double down on Iraq and Afghanistan
LMFAO! Another video on China's economy is going to collapse. We've been hearing this on a monthly bases for over 20years. Yet, in 20 years, China has:
- moved 800 Million citizens (more than TWICE the population of USA) from poverty, to middle class lifestyles
- have built a High Speed Rail network connecting all Cities and country with Trains that travel 350kph.
- have built BRI Trading Ports in 157 Countries (out of 197 Countries in the world)
- have built their OWN Space Station
- Have sent a successful Orbiter, Rover and Lander to Mars
- have sent a successful Orbiter, Rover, Lander and Return Module TWICE to the Moon (one to the near side of the Moon, and one to the Far Side of the Moon).
- have built the largest production of EV's cars
- have more Engineer Graduates than any other Country in the world
- Have the most amazing Civic Infrastructures and most affordable Civic Services for ALL their citizens,
- etc.
No one can dispute your fact based reality!
Americans are THE most propagandized people in the World...but they don't know it...🤡💀😳🤐🤫🤠😡😤💩
Should add breakthrough in chip manufacturing capabilities at 5nm
Brought back samples from moon.
@syleang ...without using Hollywood props. 🤭🫢🤫
Just because you have a Chinese last name, that doesn't make you a Chinese expert !
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
It's important to speak with a financial counselor prior to making any decisions on investments.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
I'm new to this space and i've been getting suggestions to use one for a while, how can i find a decent one like the one you use?
Leah Foster Alderman is the licensed advisor I use. Just search the name. You’d find necessary details on the web to set up an appointment.
One big factor is that the Chinese like to save, hence, older people not only have money, housing, and healthy as well, so they will drive spending, and leave money to their children and grand children so they will not need to work as hard. Chinese population is dynamic, people will bare more child when the timing is right. In a short words, Chinese people think aging population as a bless, not burden, grandparents are often helping their children, and children are often taking care of their parents.
Bcz they help their kids while buying houses, reduces their dependency on banks.
Why need to retired at 60?
I am a Singaporean and I retired when I was 74 yrs old.
At 76 now I can still do my previous work if I wanted to.
I am still pretty healthy physically & mentally.
China needs to ‘upgrade & upscale’ its rural young and you will have millions of workforce available quite instantly.
the problem is, people in china dont consider works in factories as 'jobs'.
@@user-yd5zr4qf7r LOL...the world's biggest manufacturing industries, where people don't consider work in factories as jobs? Great insight, NO!
@@scottyler2903 u got to know working in factories is a very tiring thing. New grad students only consider to work in a much more free enviornment such as delivery guy or decent work such as engineer. Working in factories is never an option even they could get higher paid, unless they have encountered issues that enforce them to consider surviving first.
We Americans have been lied to everyday of our lives. 🤥
That's because most Americans are gullible and ready to be brainwashed.
Dude, you as dumb as a rock.
By the looks of it theres a majority of its population that wants to keep it that way !?
@quanfung5958 The facts are we have not been lied to and the guy is just making that statement up.
The other facts are that the American media never says anything about any foreign country unless it is a really big event.
The only thing Americans know about China:
1. They have a communist government that blocks them from knowing about the outside world. They are not allowed to criticize their government.
2. 60% of what we buy says "made in China" and you can count on it breaking within 30 days.
@Matthew_Loutner Isn't it amazing how Western education and US government-controlled media have failed its citizens and promoted brain rot within the majority of Americans, who are like living zombies.
No point talking about China when you don't know China. You only create myths from hot air created by others who also don't know anything about China.
We Americans have been lied to everyday of our lives. 🤥
Your very lucky @@craigslistseller9354you know youre lied upon..in china the lie is the truth and the truth is a lie.so dont know which is a lie and the truth.
Can't agree more..
The question is - what's it like being white?
@@craigslistseller9354 You have honestly described where YOU choose to gather intelligence from a ("FREE SOCIETY") now you have to confirm your comments are accurate.
So China expert Peter says Mao implemented 1-child policy in China? Where he learned his knowledge about China from?
in his American dream! 🤣🤣🤣🤣🤣
Probably from Gordon Chang's best-selling books?
Clowns like Chang and Zeihan are like little bugs on the windshield for the Chinese 😂 . The sad thing is their fans who thought they found truth
5.2% is slow, 2.5% is very fast
American's math. 2.5% is better than 5.2%🤣
Goedon Chang's IQ is only 25. How can you expect something coherent from him ??????
how can a person wrong about his expert area for more than 20 years and he could still be called an expert?
Because he is an expert in BS
Because they wanna dupe Americans thinking they will be no.1 forever. Won't be surprised this is backed by the government
If US can keep its economy going by printing money nonstop, why would the Chinese economy fall apart before the US economy does?
The US economy is 1000 times better in every way than China's. DOMESTIC CONSUMPTION is key.
Asian usually dont talked bad about other country we just doing our best in life
PZ has been saying Ukraine was winning for 3 yesrs
US hope & China reality are very different
China has been around for more than 4000 years. That speak a lot of value. 😅
Being around for 4000 years is not the same as being prosperous for 4000 years.
The US economy is falling apart, so they are just projecting their anxieties on a successful country.
Predictions of China's collapse stem from wishful thinking instead of objective analysis. Certain so called "China experts" or their task-masters obviously have vested interests in portraying China negatively due to geopolitical, economic, or ideological reasons or just simply jealousy. This bias can lead to cherry-picking data, overemphasizing challenges, or downplaying successes. In some cases, these predictions serve specific agendas, as "experts" or their backers may oppose China's rise or political system. Such ill motivated reasoning often results in flawed forecasts that fail to capture China's complex reality and resilience accurately.
These so called "China Experts" are commentators who have never even visited China (let alone lived there), speak the language, understand the people and culture and literally make no attempt to do so. How can anyone take them seriously? It would be like me claiming that I hate baseball and I'm a baseball expert because I read and watch the game just to hate on it even though I've never played the sport or understand the rules etc. It's fine to dislike whatever you dislike, but please don't purport to be an expert on the subject.
Gordon Chang ..mulut busuk cari tenar, peter Jihan cari tenar jualan tidak laku
Satu lagi, dalang hoax Uyghur geno cide. Adrian Zenz!!!!
Benar.
Betul dong.
Both Chang and Jihan is only offer to sell what USA hungry for... wishful thinking...
Gordon Chang made his living on saying China is collapsing...pure B.S.
David Zhang (ChinaInsider) - aka Anti-Chinese CZcamsr was here.,
serpentza was here.. 😅
Anti-China Grifters Galore!!!! 💀💀💀💀☠️☠️☠️☠️💩💩💩💩🤡🤡🤡🤡
Lol he's a Far long gone cult follower.
@@lesterbalboa5137 And his girl friend LaoWai 86.
Because this Chang guy lied all the time. What a pathetic soul.
Gordon Chang's pipe dream !
...wet dream...😅
👏👏🇨🇳👍👍习近平总书记：
“房子是建来住的,
不是建来炒的！”
习主席是个爱民如子的好领导！他选择了打压高房价的惠民政策，不可避免的会牺牲了地方政府的收入，让经济成长颇受挑战，让政府的施政压力山大！
🙏🙏习主席真是个体民情 知民意 暖民心的总书记，堪称人间菩萨！ 👍🇨🇳💪💪中国加油！👏👏
so true!!!! 👍👍👍👍👍
3-4年前，有个很不起眼的报道，习说：【大家要耐心一下，情况会好起来】。其实就是将房地产拉动经济，调整为【新质生产力】拉动经济。
No point to compete with America for GDP per person, the cost of medical and education and living are so high, if you do not have private medical insurance, calling an ambulance or emergency will cost you 10 of thousands of dollars bill, this is part of the calculation of GDP, if China raise it currency equal to the US dollars value, China economy is 7 time more than the American economy,
Everyone in middles class or higher has private medical insurance. The government pays the the medical insurance for all poor people, disabled people, and retired people.
Also, if you cannot pay the ambulance or emergency, you are not required to pay. The hospital will pay that for you.
Also, when your bills are too high for you to pay in the United States, you can pursue the court and the court will cancel your bills.
Your comment has no substance.
@@Matthew_Loutner but the bill of high medical cost is still included as the GDP, and also the private hospital insurance is also included in the GDP,
@@george6696 Equally, all medical work done in China is included in its GDP.
Insurance is not GDP . . . GDP stands for Gross Domestic Product . . . only production is counted.
@@george6696 Insurance is not GDP. GDP is Gross Domestic Product. Only something produced is included.
One either has high medical bills or high insurance bills -- not both.
Medical work is work. Insurance is not work. They cannot be double counted.
The reasonable way to count medical expenses is to go by the average annual insurance payment. . . which is $8435 per person.
$8435 per person works out to $3 trillion dollars. So you would deduct $3 trillion dollars from the U.S. GDP.
But then you have to deduct the Chinese medical costs from their GDP and I do not have access to that information.
@@Matthew_Loutner you don't understand US GDP, all the transaction of cryto currency Bit coin commissions settlement are included as GDP, all life insurance policy and Hwy toll charges are included the calculation od GDP,
Because of the high cost of living and the high US dollars, make the US as the highest GDP per person,
Go to your research and learn again,
This is why US move all its industry manufacturers overseas,
what's even more baffling is these two individuals who studied and worked in China, believe they're expert on what they see (and they even studied and lived in China for a long time), considering how fast China is changing literally year by year
"Israel and Taiwan are bases of operation for Imperialism by the United States in Asia. They created Israel for the Arabs and Taiwan for us. They both have the same objective." - Mao Zedong 毛澤東 (1965)
Proving that communist chairman Mao is a fool and an idiot.
Isn't communist chairman Mao the guy who caused 40 million Chinese people to starve to death due to his failed centralized food distribution programs?
Is there any other person in the history of the world who has accidentally killed 40 million people?
WHY are we quoting Mao???
Is Gordon Chang really a China Expert?
No. He's a master book seller.
@@bong9476 NOPE. He's a master self-hating grifter.
@@jace1113 and a master bull shitter.
These China experts would gain more credibility predicting the US-led collective west's looming century of humiliation has begun.
China has a good politcal system as government is constantly working to improve citizens' wellbeing.l
A fascist political system can never be said to be a good political system.
Some of those guys are haters, and they will say anything they want because of their jealous of someone getting better .
Another good channel to watch is "inside china business". Kevin explains why China's economy isn't collapsing with facts and numbers, not speculation and gut-feeling.
Zeihan's analyst on balloon-gate has already turned himself into a joke!!!🤣🤣🤣
Gordan Chang = Master Clickbaiter
I think in 2030 China and USA will look very different.. and in 2040..
You are correct, Peter Zeihan is Gordon Cheng 3.0😂😂😂
They are both very funny and Peter seems to bring it to a new level.
Isn't Zeihan some kind of professor?
This clowns so confidence with their lies
In Canada here, some of our stores still have over 70% of madeinchina, world CONSUMERS will keep India & China competitive prices for their best reliable consumer products .
To all the China Hawks here, can you please explain how Gordon Chang is still taken seriously? The man has not only been wrong for the past few years but literally the past few decades now.
China is moving into high value industrial output
So called China experts...
Hahaha
The real reason very simple. The so-called 'China experts' earn their income by writing what their sponsors want them to say.
Agreed on the closing statements 👍🇨🇳👌
Both Peter and Gordon are the pure nay sayer without facts, aka, trash talks.
Masters of Trump
一些华尔街高手和中国政府是朋友，他们帮助中国如何化解危机，华为也是一样，华为也雇佣美国人帮助他们做风险预测和危机管理，在科技方面更不用说埃隆马斯克的技术开源了。所以，有美国人的帮助，中国不会崩溃，不从政的美国人也不会希望中国真的崩溃。
Whoever Gordon Chang is, it is times for him to contemplate his future's predictions and start TO CHANTING "🙏Amitoufu 🙏" asking for "FORGIVENESS" of his NONSENSE and Utterly Dumbfounded predictions..PERIOD..
Don't judge China by Western Economic theory
Why not?
Western economic theory was invented when Chinese people were pulling rickshaw. We are math experts. All of the math in China comes from the West.
All of the business and banks in China have been copied from the West.
Banks were invented in Europe and the modern corporations and stock market were invented in New York.
I like the balanced, logical and sober explanations done here. Very comprehensive, well written and simple. I am subscribed.
中國萬歲!!! 中国万岁!!! Long Live China!!!
🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳
Long Live the CPC!!! 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳 🇨🇳
Interestingly, if you upload this video on a Chinese website, most comments would refute you. Seems those young Chinese people are very pessimistic about the Chinese economy compared to the US or other developed countries' economies. When the government or officers release optimistic data or opinions, they don't believe it. I don't know whether or not the Chinese economy is really that bad or just because there is always a group of pessimistic people.
Simple: Most Chines in China work very hard to get ahead with 10- 12 hours a day in order to be able to buy a house, hence could get married. They don't have time and interest in macro-economic situation of the whole China, not mentioning the world economic situation. So when the job market get tough, in particular when the whole country development transits to a new model (AI, green technology, global BRI trade, automation...), those Chinese that had been prosperous and used to the old job market (real estate, low-tech manufacturing, cheap products, internet-based sale...) face new challenges.
It will take them some time to adjust/update their new investment and/or skills to the new reality. They WILL complain loudly, but they WILL adjust in time to survive and develop, as they have been doing for the last 40 years.
But for China as whole, the dynamic and nimble mode of operation of the economy, planned and directed by the techno-staffed government and based on the farsighted vision of the world economic situation, would inevitably advance ahead despite ALL challenges and difficulties lying ahead.
Those who bet against China ALWAYS end up losing badly, as EU old car industries and American old capitalists show...
@@Eastwind99 Thanks, mate. I found your post very informative. I like reading things that expand your knowledge ... but they have to be rational, logical, and critical analysis of what's happening. I tire very easily with people who have 'no bloody idea', have not fact checked, and just repeat anti-China rhetoric, without even going to China. "But for China as whole, the dynamic and nimble mode of operation of the economy, planned and directed by the techno-staffed government and based on the farsighted vision of the world economic situation, would inevitably advance ahead despite ALL challenges and difficulties lying ahead" ... mate ... the is beautifully stated.
Because this is a PROPAGANDA channel lol!
@@Eastwind99 Thank you for sharing. I think you know a lot about China and the law of economic development.
@soneecho1370 Wow. Thanks for American-splaining on behalf of ALL young Chinese citizens. You are the Einstein of Chinese socioeconomics.
Peter Zeihan and Gorden Chang are just like twin brothers!😂😂😂
Gordon Chang & Peter Zeihand should be predicting when the moon will be bright and dark cause their nuts are empty.
This vid validates what I've been saying too.
In spite of a realestate downfall and a decline in population the country still managed to grow at 5%. That means the non realestate economy is doing very well
Are Chinese government workers getting there wages?
No
Peter Zeihan is nothing but a paid mercenary blogger. Remember what he said about Xinjiang?
I've seen the videos.
They look very happy there.
ha..ha..property prices can't fall 50%? They already did...unless you don't want to acknowledge a market fact but prefer to rely on false official numbers...many high-end properties in Shanghai and Beijing are down by as much as 70%? Want to validate? Please check high end property prices through brokers.
China is able to withstand this crisis mainly due to Chinese high savings rate, assets they have build over the last few decades, not because of economy growth. Economy is in severe downturn, whatever the official numbers may say. I was on ground in Hangzhou few weeks back and learned it.
CCP controls all media and doesn't let negative news to propagate, which is why there was no panic in the market. Otherwise, China would have tanked precipitously. The whole banking industry is in trouble but CCP doesn't let any one know.
@raoplns Wow. Sounds like they took a page right out of America's playbook, but the CPC's version actually works for the good of the common person...unlike US policies, which benefit the wealthy and corporations.
With such good news about Chinas economy, i am surprised at the numbers of Chinese trying to move their money out of China .
That cheap Gordon fortune teller boogeyman story, collapsed for 20+years
Gordan Chang😢, like him also can be expert then everyone is also an expert
Gordon Chang, an ABC, bred in USA and thinks like CBA.
These text-to-voice apps are wonderful! You hear a (fairly good) foreignese script in the dulcet tones of a native speaker.
And most fastest 5G, a lot city at night lights everywhere in other 6 clock in the evening no car on the street china nightlife just started bar opening clubs party like there isn’t any other country has. Night market with all kinds of street food and safe to go out unlike US. I been back for a year no place to go no night life only mall by my house are closed, weekend has no place to go. And I’m moving back hometown Hangzhou China goodbye America so long.
Bye
Some one is lying again and again. 🤣🤣🤣
Peter Zeihan is a voodoo, while Gordon is visceral hater. I could understand that Peter is probably just very patriotic, but for Gordon, I am sure something happened to him, even not sure what.
Further urbanization of the population will be a short term fix but will exacerbate the fertility crisis as people living in large crowded cities tend to have fewer children.
Of all the CZcams channels and commentators available you are showing just how wrong all (everyone) of them are. Great job
Economic ups and downs are normal for any country. If China can defend its independence like Russia did after the collapse of Soviet Union then China will walk through any socioeconomic or sociopolitical crisis within a decade just like Russia did and end up as nuclear superpower again just like Russia is today. China should focus on improving its nuclear weapons capability and bring it at par with USA and Russia for an insurance against internal instability.
All these experts from the developed economies don’t understand the mindset of Chinese government and its people. The Chinese government has a different approach to every facet of human and economic development. They used PRAGMATIC approach and look at deficiencies of other developed countries to adjust their economic policies. For example judging health of your economic and the people through Social Progress Indexes instead of Gross Domestic Product. Which is very murky to determine wellness of its people. In addition, it’s ability to capitalize on multipolar world and the Silk Road blueprint and not getting involved in government or politics of other countries.
Zeihan is a layman youtuber. Not a serious person listen to.
Chang Zeihan so very Chinese name
GORDAN Chang is an expert haha what a laughing stock.😅😅😅
Well he is an expert on anti China. No doubt about it.
Full of bullshits guy 😂
One simple reason - China Yuan is not internationalise
why are you interrupting your enemies when they are making mistakes?
Where did you get your data? From xi. Congrats. How about mao?
Can US compete in Space 🚀 Technologies with China..?? .. can US compete in ship buildings with China..?? .. can US compete with China in Automobile..??... can US compete with China in satellite 🛰️🛰️ mobile phones ??.. Arab nations are switching to CHINA...so are South American nations
Chinas growth is debt driven. You can not compare the rates with other countries without taking this into account.
With the demographic numbers. The real problem is the aging population, not just the total number. You mentioned Bulgaria. A lot of those emmigrants contribute wealth to bulgaria an support the elderly.
I have family in china. The impact of the severe economic crisis can already be seen. It will for sure go south. I would not rule out a complete collapse.
I hope i am wrong...
Bytheway, if analysts were wrong in the past with their predictions, why would that mean they are always wrong? I will not invest in china.
1. China, together with Japan, are culturally "savers", and they are net lenders to the world, especially to the US.
"The US is 4% of the global population, 40% of global fiscal budget deficits, and 60% of global current account deficits!" (This statement I quote from Lious-Vincent Gave... You can look up CZcams for his many interviews)
The bulk of China's debt is in RMB; only about 10% of China's debt is owed to foreigners. China has huge foreign reserves and foreign assets, and that's why China could fund so many BRI projects worldwide. Despite challenging worldwide economic prospects since Fed started hiking USD rates in March 2022, China's net trade surplus surged to USD 99.05 billion in June 2024, ie. China's trade surplus is still growing strongly and adding significantly to its Foreign Reserves.
2. On population decline: Negative population growth birthrate is a phenomenon that is impacting ALL developed economies. (Go do your own research... All the developed countries are suffering from negative population replacement birthrates.)
China is the exception as its per capita income hasn't reached "developed" status. I think China is facing it because of its single child policy (1980-2015), its very rapid urbanisation over the same period, and its very high proportion of highly educated female, and economically engaged female in their population.
3. Traditional macro economic statistics can't capture every aspects of real-world economic production and growth.
It's not very helpful to compare China and US GDP figures directly.
They have chosen very different "development" models and priorities, and thus they have adopted different but accepted conventions to calculate and monitor their respective economic performances.
While China emphasizes its real economic capacity, especially hard production output measures; the US emphasis is on its highly financialised assets growth measures.
4.
With USD as global reserve currency, the US was able to live way beyond what it's actually producing and earning for the last 50 years. 50% of the wealth, and 90% of the income earned that America has created has been systematically and legally filtered into the private pockets of the top 1%.
Such a model and working system is unsustainable.
A few of their top 10% have already built their private doomsday home shelters, some in US controlled territory abroad.
If you're the top 10% in the US, you should be ok. If not, good luck with your bet!
😊
@@btgan3838 you have good arguments! I try to add some thoughts to the topics.
Regarding debt. Even if debt is in own currency only it is still debt. Indeed, china could devalue the debt with a forced inflation (print money) and I think there is no other choice. Right now there is too much deflation (property prices, wage cuts, unemployment) and I expect the government to go into a forced inflation. But if china decides to sell global reserve currency they would have to buy own currency what would add positive pressure on the currency an with it to all entities in debt. Reserves in global currency will not help a lot.
Regarding demographics. Yes a lot of developed countries face this problem. My country (Germany) would need 1 Mio newborn per year but we have only 700k. But we have strong net migration, in avg > 500k per year.
Net migration is not a feasible option for china as it is just too big. China has a gap of approx 8 Mio newborn per year to keep demographic situation balanced, number will grow to 10 Mio per year. Within this century china will loose > 500 Mio people. This itself is alarming but if you see the age distribution it is a horrific scenario.
I hope the best for china.
lol, for Chinese ID10T experts
Zeihan, Son of Gordon, but still Chang as hell. Sorry wrong.........
Well, in all reality, China's economy should have had recessions in the past, but, no one could have possibly imagined China would increase it's debt to GBP ratios so high, in the insane obsession of trying to match or surpass the US GBP. The current stats produced by Michael Pettis , in 2024 each 1 Yuan of GBP costs 6-7 Yuan of debt. So yes China can keep investing in the economy to keep 5% GBP growth going, spending higher and higher amounts of debt to sustain this. But China is already so far off the scales in terms of Debt/GBP ratio, it's difficult to comprehend, how much longer they can push this. With entire banking sector controlled by the CCP, normal market dynamics dont apply.
Lol ok in order for realestate in China to be counted in the pisitive of anything... it's gotta be built , the moneys already spent , so as a China folj you spent 1$ for an apartment, it wasn't built , the money spent , so the gov said it'd cover it buy spending a dollar ...+1$ , by taxing you +1$ , creating inflation +1$ ....so 4$ is the cost but the value remained the same 1$ ...minus inflation
Electricity??????????????
Watching the "China updating" propaganda channel, you can feel they are jokes....😂😂😂
They buyers
the 3 stooges can go and fly kite.
👌👌
Hei, the true reason is that Gordon has been talking nonsense all this while.
👍🇨🇳🙂☮️🌏❗️
All western Chinese experts never ever been China before 😂😂😂
I doubt these experts are our enemies.