China’s Looming Crises | CNBC Marathon
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- čas přidán 13. 05. 2024
- CNBC Marathon examines China’s crises, encompassing real estate collapse, population decline, and soaring urban youth unemployment.
China is facing a growing list of problems - real estate, semiconductor bans and labor market gyrations. The world's second-most populous country also has a major youth unemployment problem. China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.
China remains home to 1.4 billion people. But that number is getting smaller. The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. The last time China saw negative population growth was in the 1960s. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline.
China's real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China's real estate crisis as a big reason why.
Chapters:
00:00 Introduction
00:48 Why Youth Unemployment Is Surging In China (Published September 2023)
12:32 What China's Shrinking Population Means For The Global Economy (Published March 2023)
21:21 Will China's Real Estate Crisis Hit The Global Economy? (Published October 2023)
Produced by: Christian Nunley, Anuz Thapa
Narration by: Jordan Smith
Additional Editing by: Kevin Heinz, Brad Howard, Jack Hillyer
Graphics by: Christina Locopo, Jason Reginato
Production Support: Kate Sammer
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
Additional Sources: Getty Images, Reuters
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China’s Looming Crises | CNBC Marathon
US mainstream media's 51203th report on the looming collapse of china 😂😂😂
Lol every year there is news like this about the doom of China. For the last 30 years. 😅
Fr and china is developing more than US ever will
America has been wishing for China's collapse since 2001, unfortunately that wish finally came true but instead of China its in America... out of control inflation, crime/looting, mass shooting, homelessness, druggies/zombie cities, border/illegal migrants, etc... I guess the old saying s true.. be careful what you wish for
All these little gordon changs.....
Been hearing this for decades. And Yet here we are struggling in the US, as we watch the US traveling to China asking them for help as China has an "Over Capacity" issue. AKA, "Hey China, your making us look bad over here".
The world, not just China needs to rethink the notion of growth.
So many of these issues stem from the capitalist mindset of infinite growth and the expectations that creates among investors
America has been wishing for China's collapse since 2001, unfortunately that wish finally came true but instead of China its in America... out of control inflation, crime/looting, mass shooting, homelessness, druggies/zombie cities, border/illegal migrants, etc... I guess the old saying s true.. be careful what you wish for
They measure growth by how many billions the riches people have.
I agree
@@KNByam spot on 👍
"China is going to collapse", I've keep hearing this from hundreds of US experts in the past 30yrs, but nothing Happened. But if China is this fragile, there's nothing for Western world to worry about China's competition.
absolutely
Is China going to collapse? No, they are a large industrialized country, and large industrialized countries tend to be more resilient than most people thing.. However, they won't be the economic driver everyone thought they were going to be in the future, and any dreams of overtaking the US as the worlds biggest Econ are pretty much dead at this point.
What will happen, is that in about 6 years they will hit a point of stagnation, as their population and debt problems really start to bite, and the cost of labor, which has always been a driver for the CCP, begins to increase. In short they will look allot like Japan in the 90's and early 2000's. A major force, but not the force they had hoped to be.
That means in the next half decade they are going to be as powerful as they are ever going to get for the next half century, so if they want to push their territorial ambitions, they will need to do it soon.
@@CaptRRis it? China’s GDP growth beat all estimates this year, with the IMF raising forecasts based on improving empirical export data. A structural reform of the economy away from housing back to high end manufacturing also ensures a more sustainable economy.
CNBC needs materials for content duh
Nobody is worried about China's competition to the US, Brian. Who gave you that idea?
CNBC 1995: "China's looming crisis"
CNBC 2024: "China's looming crisis"
30 years is pretty damn close bro
"it's not real, it's not real, it's not real, it's not real, lalalalala!"
US Southern Border 2022: "1,500 migrants from China."
US Southern Border 2023: "33,000 migrants from China."
US Southern Border 2024 . . .
Sinophiles are extremely sensitive to what outsiders, especially USers think.
@@ridgemondhigh4891 Funny. America spent decades bragging about how the Chinese were leaving commie China and coming to glorious America. Rhetoric sure changed fast.
Having kids solely to support an economic system that has never been able to provide jobs for everyone is absurd. 😳
Not to mention, NO ONE wants to live like a financial slave.
Having your government set a limit to the amount of kids you can have is even worse 😮
@@KS0102that’s why hobo ism and living in your car is so popular in the USA where people can’t even decide what gender they are
@MrLazlness lol this talking point is so 18 months ago
Making u wonder what is that we are saving, this capitalism system they exploited us ???
When times start getting hard in the USA, they start incessantly telling you how bad they have it elsewhere.
Distract and redirect. Tale as old as time.
You can't cite what's getting hard, or why. You just make sweeping statements with implied scapegoating, because you don't understand the economics in either nation.
best comment
US is the best performing large economy right now.
This!
If I got a dollar everytime the West says China is collapsing, I would be the next Elon lol
Same In China. Chinese talks about collapsing of US for milliions times
Its collapsing as a guy with degree in economic data review, the housing market already crasehd in china the population has staggnated and is a massive problem not forseen by china and climate change is the real modern prodlme many over look and is why china has bu8lt many dams to control the floods its in the process of collapsing because it pinned its economy on its people it needs to pin its economy elese where or make more babies
Funny, because no one said it in this video.
In billions of years...
I need 10 cents only....
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.
May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well.
What I think everyone need is a Financial Adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit.
Have been in need of an Adviser for long now..
It alright Angela Lynn Schilling look up on that and thank me latter..
Thanks... This Was Helpful!!... I found her page..
watching this in Canada unemployed...
Im fron china，to be honest,it goes same situation in china which unemployed rate has go so high right now
@@wenkaizhai2443 你连工作都没有啊five
Canada unemployment is very low. Get serious.
@oldbeergangster2381 our youth unemployment problem in Canada is 21% as well.
@@michaelk2459 Really? where are you getting your numbers? Beijing dreams? "Unemployment in Canada has been inching up in recent months, hitting 6.1% in March and roughly twice that for young people, according to the federal government's statistical agency"
This Is Not My Comment But It Fits Well With This Reporting😂
America: On Mondays, Wednesdays, and Fridays, it's the China-collapse theory; on Tuesdays, Thursdays, and Saturdays, it's the China-threat theory. Sundays are for rest and relaxation.
A lot of the problems in the video reflect similar (or the same) problems in the U.S. You're guilty of what you're trying to make fun of tbh. It isnt about hating China, its about finding solutions to problems we share.
I really like how naive you are.@@TW0man4RMY
Very good one.
All days, China is asshoe
And it's also hilarious because China-collapse and China-threat are completely at odds with each other.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
Thanks to Mrs Deborah Davis.
She's a licensed broker here in the states
Why does the media keep reporting on the impending and imminent "doom" and "gloom" of China, but we still have LA's Skid Row, Philly's Kensington, and Portland's homeless encampment cities... CITIES of homeless people and veterans, unsustainable and overpriced housing, and aging workforce here on our shores? It's so weird.
Its true and as a socialist, I wholeheartedly agree with you. We need the government to build housing and increase welfare for the underprivileged. Including free, universal healthcare.
As im sure you will agree, we let capitalism do its magic and the free market hasn't solved housing affordability, or economic equality. Its time for us socialists to keep shouting
✊
Do you see any other countries' media covering their government's own downfalls more than other countries? Probably most likely not. Unfortunately the coverage you mention is usually only available regularly through smaller independent creators. Not the big media.
Why do governments give financial & humanitarian aid to wars across the world, instead of "curing" their country's issues at home? Because politics! Gotta look big and powerful as an international player. There is ALWAYS an interest in how much power they will gain from that. Government as an institution is not a care bear. Regardless of what type of government it is.
Because two things can be true at the same time
because Amerika is #1.
Probably because China's a third world country and they need help lol . Nice red herring
If China economy is collapsing, then why is the US going to China to tell them that their EV and solar panels production are overcapacity 😂😂😂😂
Because politicians have to cater to stupid voters, kid. China's EVs won't make it to the US any more than China's ICE cars did. It's simply much cheaper to produce a car to Chinese regulatory requirements than it is to US requirements. By the time a Chinese manufacturer adjusts designs for the US market the cost advantage is mostly gone and then they would have to build a sales network (the US dealership requirements are arcane, just ask Tesla) and a brand. There is hardly a business case to be made for either investment. OTOH building solar panels in the US is basically a no-no. The cheapest Chinese panels are the cost optimum.
In a way, you've unknowingly answered your own question. Right now, even though EV and photovoltaic (PV) technologies are new, the demand has actually sputtered out a bit. If you're China, you rely on that market to grow, because you have lots of factories that need the demand to be strong for employees to continue working. Instead of China reacting to low demand and slowing production, they decided to keep going. Thus, it is shown that a collapsing economy and overcapacity with production are NOT diametrically opposing ideas. Their over-production resulted in them flooding the market with products. These are all sold at such a low price, that it's becoming anti-competitive for the companies in other nations. You might think this is just the natural competition of capitalism, but it's not - China has been constantly accused of state run businesses, which means they get all the money in the world from China, aren't subject to regulations, and do whatever China says. This is a big mistake in the world of global trade because for other countries to compete, they have to shovel money into businesses in their own nations. This is NOT capitalism. This is one of the biggest reasons countries are slowly moving away from China. China doesn't want to play by the rules. Xi doesn't seem to think anything of the consequences. He has disregarded them again and again, and now China is beginning to pay the price.
Because them being overcapacity is a symptom of then failing. They want to squeeze US citizen for money to give to their worker but the US govt won’t let them because it would be stupid to let them😂
@@Rexvideowowyou think the op can understand? No need to wake him up. Call cnbc a liar.
China's economic growth is also faster than ours
Is the USA in crisis? Shouldn’t this be our concern?
lol, we are 70% a service economy. Do you know what that means?
That means poverty and fake employment for everyone@@HKim0072
@@HKim0072 McDonald?
nah... we are doing just fine. Thank you.
@@donnieboy123 Naw dude. Any Econ / Bus 101 class will explain it.
As a Chinese, I start doubting that if my full bowl of noodles were real.
They not real. They're made from styrofoam.
In the United States, they have been putting sawdust in parmesan cheese. It started out as a way to prevent it from sticking together, but now they are using it as "filler" because sawdust is cheaper than cheese. They are feeding us wood. We feel you. We only have a problem with the Chinese government, as well as our own government, not the Chinese people. Love and prayers from the United States ❤
I remember a decade ago when China was said to be in trouble for having too many people. And now China still is in trouble for have declined population.
The very existence of China is a problem for the west no matter what China does - good or bad, they will always badmouth China. 😆
That wasn't a decade ago. That was 50 year ago.
The one child policy were introduced in 1979 and they removed it in 2015 which shows their trouble for declined population.
But you have right to be stupid.😅😅
Lol china always in trouble never usa 😂😂😂
When was China not in trouble their always crying and on the other hand bragging how good they are doing 😂
@@danielgriffin8132 When was the last time you've heard about Chinese media talking about the United States? Now think about the last time you've heard American media outlets talk about China. Oh wait! Who's REALLY crying here, bud?
Then why the US has to complain about China of overcapacity
Need an explanation for the result of tariffs. It’s easier to complain their overcapacity than to fix the problems of incapacity here.
politics.
Because the CCP will dump their overcapacity at below market prices.
Man, people on the CNBC comment section never took a basic course in Econ.
@@HKim0072, that's a wrong narrative. BYD for example is just too competitive, they produced better quality, and lower cost, and thus lower price cars, not overcapacity, just more competitive cars. The West come with the "overcapacity" narrative to block the competition from BYD cars, and used national s ecurity execuse to block Huawei's 5G and Phones, On the other hand, China welcomed Tesla and Apple. Not sure which country is more open, which one is more closed.
@@HKim0072 Perhaps you should rethink your comment, or retake Econ 101. The CCP has to financially subsidize dumping, plus manufacturing facilities and worker wages. It is okay in the short term, but eventually, that business model is unsustainable.
Well, if they're in so much trouble, then why are you so worried. It seemed to me American senior officials would not have their day past without whining and screaming about China.
They’re the second largest economy in the world lmao… doesn’t take much to realize if their economy crashes so does the worlds
The US and the rest of the world are racing against time to build more reliable, near-shore, regional supply chains. Too much stuff, including some critical equipment, is assembled in China. A Chinese collapse could cause technological setbacks and even a global famine, among other things.
@@5anjuroYou mean the US and the rest of G7😂 Wake up kid, you dont speak for the world, not any more
"would not have their day past"...not English
because their troubles can be exported to our shores. Chinese overcapacity and lack of local demand causes surges of highly subsidized industrial products onto our markets.
As a Chinese person, I love this channel so much. Not only can I practice English, but the comments and the content of the program itself are the funniest. -0-
How's the freedom of speech going?
tianemen square
@@XxBloggs Columbia U.
@@Breavis 30 years ago, is like speaking of
Tulsa race massacre (1921)
Rosewood massacre (1923)
Harlem race riot (1935)
Zoot suit riots (1943)
Harlem race riot (1943)
Harlem race riot (1964)
Watts riots (1965)
Detroit riot (1967)
Los Angeles riots (1992)
@@sergab that was because of unruly minorities. tianemen square was china's own people
Im from North India and love China 🇮🇳🇨🇳
I’m so sick of this kind of videos rn, every single month I just see medias saying China is gonna collapse, okay then what abt our own country
They won’t report that China’s economy grew by 5.2% in the first quarter, let alone that Shanghai’s per capita disposable income has surpassed Tokyo’s this year.
@@lingdavid7949so they say, but one has to question this when they are experiencing salary reductions and price deflation at the factory gate.
Because it brings more viewers and making more money.
Factual real data...?
What data...?
They're not supposed to report something real.
It’s distraction from real problems at home in the US. And it’s also factually incorrect. Because China’s GDP is still higher than the US. If China is collapsing then what does it mean for the US if US’s GDP is even lower? Because if China’s economy was collapsing like they’ve been reporting for years now then how come last November when Xi Jinping visited the US, all the US big CEOs scrambled to buy a ticket to the event just be able to be in his presence and to curry favour. A ticket at his table was something like 40k and Elon Musk tried but couldn’t get a seat at his table because it was all sold out. But Tim Cook was there, along with many many others.
Dude if America had a ghost city near me. I would Straight up move there to save money. 😅
America is full of cheap properties, but it requires being retired or having remote work lined up. All the better paying careers are near cities.
It right there, called Detroit. And there are plenty of abandoned properties in the rust belt.
Naw bruh! I ain't living with no ghosts. 👻👻👻
@@haihenghlol Detroit has $1 houses that no one wants.
🤣
America is in trouble
Let's talk about China
As an Aussie I am interested about what is happening in China because it affects me. It affects you too.
Stop whining.
@@freeman10000
Nothing affects 'Muricans, they live in an imaginary bubble, eternally ignorant.
@@freeman10000 Just search videos of the crowds of Chinese people in transit and visiting tourist attractions during this May Day holidy. I mean, does that really look like an economy in trouble to you? If unemployment rate was so high, then people should be worried about where their next meal is coming from rather than take vacasions. The youth unemployment rate was low last year and the economy did experience some problems, but the Chinese government took swift actions, and things have turned much better. That's the difference between the Chinese government and the Western so-called "democratically elected" governments --- the Chinese leadership is not elected, so all their legitimacy comes from actually improving people's livelihood, and they do work hard to achieve that. Western governments are "elected", so they won't be overthrown even if they send billions of dollars to fund wars, while their domestic economy is in shambles. FYI, China's economy grew by 5.3% in the 1st quarter of 2024, and Western media keep tell you China is in trouble. Frankly at this point, Western MSM are all but a joke.
Chinese bot alert
Have Another Kid And It Will Be Replaced By A Robot, Don't Forget I Told You So?!?
i've been thinking the same thing as-well, from my perspective depopulation might be the best course to prevent large wide spread unemployement and poverty in the future. thanks to AI and Robotics the future can actually operate with a smaller population to also take care of the aging population in terms of labour and production. From my understanding increasing a countries population is going to have a negative effect later in the future when these technologies become the norm across industries
Both of you are right
if china is really looming, US doesn't need to send its high officers to china every two months. Yellen, raymundo, Blinken, all twice in less than one year. don't you guys have another place to go to?
The high officers are picking up China Joe's checks, what else.
If China is collapsing, why US keeps telling people China is a threat😂
I live in China lying on my bed .CNBC report the sky in China has been collapsing 300 times . Does anyone know WTF they are saying??😂😂
So you laying flat?
So how are you able to comment here? It’s been known China blocked a lot of media sites including CZcams
Same In China. Chinese talks about collapsing of US for milliions times
That one child policy really did come back to bite them in the ass. Hell most of the Asian countries are declining especially China, Japan, South Koreas, etc. The problem is why do you want to have a child when you are being worked into the ground. In China they call it 996. 9am to 9pm 6 days a week. They work you so hard you, but if you quit then someone else is going to do the job. Add on how much they under pay you, no wonder no one has time to start a family.
If the US continues this anti-abortion line then we too will be in sh!t trouble worse than China. The PAC’s who are part of this nonsense want a serf class. They forget that a healthy and happy middle class helps the rich. Keep thinking short term to try and control women. This will happen and lead to our downfall.
But then if they implement it, the humongous population will finally devour the whole world. In fact, China saves the world
Also the world wide spread of people not really wanting to have kids anymore because they cost to much and lots of stress so in general every city, society and country in the world is having less kids than previous generations 🤫🤫🤫
996
I’m glad I don’t live in China. Working 12 hours a day 6 days a week, especially if wages or salaries are too low, is just unsustainable.
how is it that no one notices the volume levels are all over the place and put corrections in place prior to publishing these videos? is there no editor for cnbc youtube?
i feel like you released this video like year ago????? Anyone else noticed?
Left over Pizza taste better the morning after .
28 sec in the microwave !🙃
yeah these are compilation type videos. If you pay attention to the start of each section, they tells you when each video was published
I feel the same too and the same will be reported years and decades later
India's youth unemployment is much much worse, but no ppl pay attention to them but instead keep focus on China. China is world favourited country i guess.. POOR INDIA YOUTHS
The western media won’t dare to attack world largest democracy. They need to focus on China to distract problems in their on country
This is about China not India Mr brown head 😏🦴
That's because States like Kerala and Bihar are the main culprits
Indian educated youth know English and can migrate unlike Chinese
India is not that important to the global economy, china is, and hence ppl will talk about china more
That's funny considering America is already so far behind from China in infrastructure🤣
I went to Shanghai in September of last year and it's by far the most Modernized city I have ever been to. I'm from Sacramento, have a place in San Diego, and my wife is from San Francisco. "I've been everywhere Man" as Johnny Cash once said, I China is making the world look dirty. China has 48k miles of High Speed Rail system. I'm From California, the US most Advanced state and yet we have ZERO!!!
My main goal was I own a business in the Intermodal industry for the BSNF & Union Pacific Rail Roads, I wanted to see the "Tianjin Port" as it's an AI driven Port utilizing Huawei's 5G tech, and the Cranes, Container handling and the entire infrastructure is AI Automated. Unfortunately I couldn't get clearance.
@@livefree1030 California has been totally reckless in breaking ground for a high speed rail like that may never be completed except for the stretch between Fresno and Merced??? The Legislature needed to cancel several layers of unnecessary regulation before they began their disastrous foray.
Vast infrastructures of death camps concentrations camps are nothing to be proud of
yeah with all that tofu dreg housing where buildings are literally made of styrofoam 😂😂🤡🤡🤡🤡
@@livefree1030you’ve never lived in California, your google translate is bad
Monday Wednesday Friday: China threats the World
Tuesday Thursday and Saturday: China is looming crisis
Sunday: have a rest
Sunday: pray hard.
If China is crashing, how can China be a threat?
If China is a threat then china must be booming
*People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that*
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
David's demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr David Mark. I met him at a conference in 2018 and we have been working together ever since.
China will be fine…if we focus 1% of energy on ourselves, we may be able to accomplish much more uplifting our own citizens and improve our social fabric that’s getting worse YoY.
16-24? ain't most of them in school? Chinese parents push hardcore schooling...
about half of the teens go to college
about 30% of them go to trade schools for 2-3 years after K-12 education and 20% of them go straight into work force
5/6/2024 edited: should be after K-9 education, not K-12. After middle school at age 15-16, there is a city-level high school entrance exam. If you have a high enough score and want to go to college, you go to high school. Otherwise you go do trade school(which could lead to college, but not usually) or go straight into workforce.
Not all teens go to college.
@@leanliferand unless they meet grade requirements, high school isn't free so they need to leave school at 16
I had the same thought, but unemployment rates tend to exclude full time students. I am not 100% if this one does but they usually do. So its a 20% unemployment for those *looking for jobs*
This is a really funny figure… I think most likely the figure should be above 30% ….
Funny CNBC….
There’s a reason why Chinese make a significant percentage of the people crossing in Mexico
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@emmaarmandoI've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
US crisis and not the China crisis. The US had a debt of 34 trillion and China's foreign reserves had 3.245 trillion dollars as of March this year.
explain
hlw sir
US debt is about 1.5 times GDP. China’s debt is over 3 times GDP. Foreign reserves and debt aren’t the same thing. If the US was in crisis, you would definitely know about it.
The US can afford. Whats your problem then? 😆 you trying to antagonize them?
@@wormboiithe us is in debt mostly
to its own people. China is in debt to others.
France, the UK, Germany, Japan, Korea, and the USA are also experiencing population decline, but their economies are doing so well that they remain part of the world's strongest economies. The main part is because they are supported by products that produce high added value.
I believe that China's economy will also be helped by various products that have high added value. This includes airplanes, semiconductors, robotics, electric cars, superfast trains, medicines, etc.
Furthermore, even though China's population is declining, it does not mean that the total number of young people in China for the next 20 years will not be able to provide sufficient workers needed by various industries there. And also, they will keep spending/consuming. In any country, around 50% of GDP comes from consumption.
Germany doing well? What panet are you living on? Don't get me started on the UK
@@pbworld7858These Are the Largest Economies in the World by GDP
1. United States $26.9 trillion
2. China $17.7 trillion
3. Japan $4.2 trillion
4. Germany $4.1 trillion
5. India $3.7 trillion
6. United Kingdom $3.3 trillion
7. France $3 trillion
8. Italy $2.2 trillion
@@user-em5wy8zx7o The important thing is the direction these countries are going. Germany's economy may still be one of the top ones in the world, but it has suffered a lot since it left USA bomb the Nordstream gas pipeline. And the UK has a lot of social and poverty problems despite the elite being rich.
@@pbworld7858 You are right. We should wait for longer-term data to come to a firm conclusion. For now, those countries are the biggest economic powers in the world.
Moreover, since in the near future they will continue to produce higher value-added products than the average manufacturing industry, it will guarantee their place in the elite of the GDP rankings for the next 2-3 decades.
After all, no country/civilization is bankrupt/ collapse/ disappear except due to climate change and losing wars. At this point, it is very natural for Russia's GDP to fall quite deeply, and the condition could be very dangerous for the economy if Russia loses the war against Ukraine and its proxy war supporters.
😅@@user-em5wy8zx7o
Xi: "Eat bitterness"
translation: "STFU"
modern slavery indeed
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hardlanding risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. KWR International: How to find a soft landing if China.
2004. The Economist: The Great Fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a SoftLanding?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012. American Interest:2008. Forbes: Hard Landing In China?
2012. American Interest: Dismal Economic News from China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going ToCrash?
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think
2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere
@@yuxiangluo8614 ^^
@@yuxiangluo8614 wishful thinking, I guess 😅
@@yuxiangluo8614 Opinion articles from economists and hedge fund managers who want to sell papers or steer sentiment in their favor. What's your point? And don't mistake a sensationalist headline for fake information on China. Most of the time you see a headlines like this about China and it scares you, then you read the article and realize its either a seasonal problem or something that is happening on a global scale. Ocassionally the problems are serious like the Evergrande default and bankruptcy, but its better than the "always sunny" nonesense published by the CCP.
As an American. I want to know is America in crises
u know the answer urself
No. It isn't
Define "crises" first
Well mr. panda bear subscribed to mostly Chinese channels, the US has lots of problems that the American media reports on. When it comes to China's problems, you'll also see the American media report on those, because the Chinese media never will.
No. Nothing like China
Evelyn Cheng is a wonderful presenter. Easy to understand, and makes clear and concise points.
Yes. Thats why Scholz, Yellen and Blinkin went to Beijing to ask China recently to ask what up. 😂
They were invited.
@@Bryponce23no they weren't
Why is population growth or decline always reported as a catastrophe, honestly I’m for decline or neutral. Less resources required for sustainability and overall people should have more individually.
Thanks. Im usually the only one cheering on decline. And then my posts get deleted by youtube.
Thanos? Is this your alt account?
-We’re living longer; we need more young people to work and fund services for seniors, pay taxes, boost consumer spending and create new market for goods. Aging population is expensive.
-Population decline has not led to “more for everybody” bcos gains often go to the top execs and not the workers.
@@daymajor4690 how does the gains of population decline go to the top execs? Someone missing, *poof* money in their pocket? This doesn’t make sense.
Because our economic model is basically an elaborate pyramid scheme. The world doesn't need more people.What we need is a a new way of thinking and economic theory.
China is doing far better than the USA, which is on the brink of national debt default, several bank collapses in a row, massive layoffs in tech industry, nation-wide worker strikes, global de-dollarizaton, skyrocketing inflation even after so many interest rate hikes like there's no tomorrow
I leave two numbers here. Then you know how comes the high youth umployment.
In 2017, the number of college graduate is 7.35 million.
In 2023, the number is 11.58 million.
60% more in just 6 years. Now you understand?
Yeah but gdp increase from 2017 to 2023 is close to 60 percent as well. You would think the businesses should be able to take in the educated youth
@@timmaytwister thats why chinese GDP is growing at 5.2 percent instead of 2.5 percent liket the u.s
China always produce lyrics for Western mainstream media and politicians, keep singing!!!😂😂
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hardlanding risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. KWR International: How to find a soft landing if China.
2004. The Economist: The Great Fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a SoftLanding?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012. American Interest:2008. Forbes: Hard Landing In China?
2012. American Interest: Dismal Economic News from China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going ToCrash?
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think
2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere
@@yuxiangluo8614 First decline in 60 years. That's huge ok.
Chyna bot to Xitler rescue
@@HermanWillemsmy decline is still better than your incline, keep coping
@@hejohn9227 why u so salty. Ur hurt? Im doing great ok. No need to attack me. Personal attack = weakness. Ur weak dude
Western media began to report that China was about to collapse 20 years ago (maybe 25 years ago)🤣
I marvel at China's growth during the last 30-40 years. Surprisingly India & China shared equal gdp growth at one time. Due to Chinese diligence they changed the course of history & today are the worlds 2nd biggest economy.
不完全是勤奋，勤奋只是一个基本要求。是政策，政府的行为。问你，全球有那个村庄在40年里变成一个巨大的城市？成为一线城市？深圳
google voice sell,,,very high quality and strongs google voice
The more you hear about the China Collapse conspiracy, the more you should worry about the economies of the West.
high unemployment rate in China is probably the reason why there are so many Chinese workers now in the Philippines, especially in online gaming sector.
This year, China's economy is expanding by 5 percent, solidifying its position as the world's second-largest economy. Notably, it's undergoing a significant transition from traditional manufacturing to a focus on high-quality growth. Moreover, factories are increasingly adopting automation technologies, marking a pivotal shift in production methods.
Yes, that's happening in a parallel universe as we speak
The US seems to believe that they can talk China into a crisis, even as they foolishly spend themselves into one.
Exactly !
They are though, with how strict their government and how much propaganda is pumped out to say otherwise.
I remembered 10 years ago there were videos talking about China's looming economic downfall and here we are still talking about it.
lol “61 percent of people ages 15 to 24 are unemployed, according to Statistics South Africa, a government agency.”. 21% unemployment from 16-24 in China? South Africa would LOVE to have that stat.
ok so china wont collapse as hard as south africa, that isn't saying much my guy XD.
Keep in mind that Chinese numbers are beautified. If you work one hour a week, you are not counted.
@@unconventionalideas5683 Dude, Chinese people of this age are in school
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The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)
How please I'm pretty new and feel I have much to learn, I would appreciate if you show me how to go about it?
She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment
YES!!! That's exactly her name (Sarah Jennie Davis) so many people have
recommended highly about her and am just starting with her from Brisbane Australia
YES!!! That's exactly her name (Sarah Jennie Davis) so many people have
recommended highly about her and am just starting with her from Brisbane Australia
We’ve been hearing china is done for 15 years now
thats true. if china was a free country, they would admit. but china is a closed system and they never admits any mistake or any negative results. this will give people false impression thath china is thrivijng. but actually chian really in great trouble. its so bovious. but people can not see real china. they only believe what they saw online and china flooded the free world internet with false propaganda. the actual reality in china is totally different from what you usually see . living in china reallly sucks.
Second largest economic but the household income is still so low mean something, do you think so?
@@leehyunsong7001the wealth has to be spread out among a billion people.
We've been hearing that every year since the founding of China lol. Not just 15 years.
@@leehyunsong7001 you think this is korea with 51million people? The wealth is shared amongst 1.5 billion people of course it's gonna be low.
CNBC, why not focus on what's taking place in the United States?
they make 10 videos a week about "whats taking place in the United States." Why are Chinese so sensitive to Western criticism?
In my opinion, cheap industrial products can make them available to more people who couldn't afford them before. For example, in the Gaza Strip, it is impossible to obtain energy through the Israeli blockade, but by importing Chinese-made solar panels, the city can develop.
that's why main stream media all shout China bad!
The downfall of China announced again for the billionth time. it’s not like you guys have been getting this wrong for decades 😂
Seems like India's youth unemployment is worse.
Do you have evidence?
@@kaushikvsmaniyan Yes, India has a skill shortage around 150 million and that was a number increased from the previous year, It was on Palki Sharma's youtube channel a few weeks ago. It was pretty clear across a number of channel that 2 out 3 Indian youth can't find a job in the city and they make up 83% of the unemployed.
Chinese propoganda comment in a American propoganda Video. 😂😂😂
@@ambition4195 our youth unemployment issue is big thing uncle. Stop being delusional in this regard.
@@jliang70 That doesn't sound like evidence, more like opinion. It may be partly or wholly true, or not. There's evidence to suggest a skills shortage and some unemployable graduates but I haven't seen evidence to indicate that to the extent you're suggesting.
Mind your own business, okay? Don't worry about China all day long and ignore the mess in your own country.
Chinese looming crisis vs Americas actual crisis.
In the city builder genre of video games, this is called a death spiral.
Fellow Americans, if you afford to buy tickets to china, you can see the crisis in live. hehe😂
Don’t get surprised when you arrive to a THRIVING Chinese country.
No thanks.
Tell the Chinese crossing the US Mexico border how great China is.😂
@@brotherbig4651 Tell America's homeless that America is great
@@user-hu3vh9fb4j The spoiled American homeless would have been jailed if they did the same thing China. They should be grateful they still had their freedom. I really hope the US has the bone like the CCP to deal with these homeless.
China’s been in “looming crises” for years. I’m sick of reading it in the headlines. They seem to be doing better than we are, sadly.
其实每一个指责都有部分的正确性，这帮助中国更谨慎的前进。而更多的指责是一种战争，舆论战争，是希望这个国家混乱。我思考的是指责是为了更好么？我不认为西方的指责是这个目的。
@@zhuangbamboo-hu1mm Friend, thank you for your response. I am surprised to see a Chinese response on here, are you in China and using a VPN to access CZcams? I am glad to be able to communicate with you. I struggle to understand your response, maybe because of the language barrier, or maybe Google Translate sucks, hahaha! I don't understand what you mean when you talk about blame and accusation. American people don't accuse China for the bad American economy. That is the fault of America. But in American news headlines, they always say "China's economy will soon collapse" and it never seems true. It seems more true to me that China's economy is doing better than America's economy. Do you agree?
By what metric are they doing better? America has its own issues, but Chinese economy has really struggled to recover since covid.
America concerning about China's people, health and economy is so heart touching 😂
I think the United States should worry about their trillions dollar debts instead of spreading negative news
Anyone amazed at how the old man was doing gymastic at the public park? he must have been in his 70s.
it's normal
Doubt its just China, almost everyone is struggling
Why do we Americans blame China and other countries for the lack of sales of US products?
2016: China's economy is in bad shape
2018: China will collapse in 2 years
2020:China's Is About To Collapse
2021: why China's market will collapse
2022: China's will collapse in 25 days
2023: Why China's Collapse is Imminent
2024: China‘s looming crisis
when their timer count to zero after the
predictions, they just reset the timer and do it all over again, easy money!😂
Can't really focus on family with 996 work schedules you know?
Really giving the smart citizens a reason to move out of the country for better opportunities.
The government has pushed to stop companies from pushing that.
996 has been made illegal and it mostly existed in tech sector jobs. It is the disgusting birth of Jack Ma (the CEO of Alibaba). The maximum work hours legally allowed in China is 44 hours per work week.
@@datownkidd, But it still finds a way to happen. Maybe in a few years, things will be better, but that doesn't solve any of today's problems.
Don't pretend like Americans are living balanced lives either.
The dumbest idea the Chinese government had was to prop up real estate prices to the point where young people cant afford a home. Those who prop up real estate are criminals.
when will the government realize it's not that young people don't want to buy house, they simply don't have the money. housing bubble need to end
The crazy obsession with houses has to stop!
Crisis has been looming for the last 20 years 😂😂😂
Ccp bots
Yes, according to major western media, China is always collapsing…..since 20 years ago. 😂
Well they certainly are not the number 2 economy of the world, do you know how we know? Lights, everywhere in the world except china are lights an indicator of economic growth. So either the chinese communist are lying or they are an economy that is 20-40% lower than what they are stating.
I would say that most of the western media was extremely bullish on China's future up until covid. Their birth rate has genuinely plummeted, business is pulling out due to an authoritarian government & their property sector is really struggling. I dunno about crisis or collapse but China isn't too hot right now
"Labor market gyrations"
Did you have an ai write this?
Well, they did just have a few massive layoffs. What do you expect from the world's strongest economy?
HAHAHAHA That’s a great dig on anyone who uses such a dumb analogy
It’s a bit confusing, first part says there’s 20% unemployment for new grads, the second part says there’s not enough young workers? Or are they just over qualified?
Basically there is a mismatch in the jobs market, there is record demand for young physically able workers who can keep up with the factory jobs but a much bigger percentage of young people are now collage grads who don't want to work those jobs.
Much like there are a million jobs open in the US right now, but they're all low pay teaching and trucking jobs nobody freaking wants. Because hours are long, work is hard and people want better for themselves if they can afford to hold out, they will.
@@nomobobby yes, and it’s a big mistake to take up a lower job, it’s likely you will not get out of that to something much better
In junior high, we did an experiment where we watch mold grow on agar agar in a petri dish. At first it flourished, then a new growth grew on the dead mold, and after all the resources were used up, it died. Growth without the logical application of projected outcomes is suicidal.
Plus with the Age of AI and Robots is exponentially blasting into our reality, at least 1/2 of the jobs at all levels of income will be gone. Fewer people is fantastic.
The cost of living seems to be increasing every year, making it harder to keep up.
Indeed, it's becoming quite challenging to manage expenses.
@@MelissaHobbs-qm8wi I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.
@@HRMColoniallifeinsurance Impressive! How did you achieve that?
@@OliverLiam-px3vx Our family got introduced to a financial consultant”RPC WEALTH. LLC” about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips
@@HRMColoniallifeinsurance Wow, that's impressive! I've heard of them I'm excited to hear about their success stories. I've actually had my mortgage paid off by following their guidelines calls.
Does CNBC do a careful analysis on the data before it cite a crisis in China? Youth, unemployment: 6 million unemployed youth only represents .004%of its population. Also once their higher technology goods and services gain traction, they actually may find themselves with a labour shortage of educated youths. Slowing economy: A GDP growth of 5.3% in 2024 first quarter is quite good for an annual GDP of $18 trillion. They are increasingly successful in expanding their export markets to new western countries, as well as the global south. Also, they have enormous room to grow their service sector, now 53% versus US 78%. Ageing demographics: China has a long history of a culture where the old retires relatively early, then often helps take care of the children, and the youth will take care of the old eventually and has less reliance on the state and institutions. Also with China’s transition to a higher value-add industries and with automation, there will be less reliance on a large young workforce to grow its GDP as in the past. Slumping real estate sector: Reuter estimates there are as many as 7.2 million empty homes in China. However, there are still 480 million people living in poor rural conditions, so these empty homes will be filled in a relatively short time. These are just a few examples of how western media cherry-pick data to draw bias conclusions based on western criteria.
Sir you make a good point but CNBC job is not about making objective and factual news. It is about smearing China and Russia all day long.
Good points.
Youth unemployment is likely far higher than 21%… it hit 25% and then they decided to stop publishing data all together which suggests it at the least isn’t getting better, but likely is getting worse
no , that number includes students,.. of course students aren't working. Also chinese kids can afford to be unemployed due to parents large cash reserves. unlike where youre from.
@@johnc1873you have no idea where OP is from. Calm down. Youth unemployment is an issue for economic productivity and other measures. Don’t speak about things which you know nothing about. Just some advice for you.
@@ivanalcazar552 no you don’t speak of what you know nothing about. China has a skill - labor shortage mismatch. Chinese students are well educated and don’t want to work manufacturing jobs. There are 25 million open manufacturing jobs. It’s not that Chinese kids can’t work, it’s just that they are waiting and being more picky. They can afford to not work and be picky. Unlike y’all
You guys are stupid and live in your own little fantasy world you've built for yourself to make yourself feel better. China is doing fine.
And the population is likely far lower than what the government reports, as well.
This is a global problem. It’s crazy how every single country is severely impacted after COVID
Ah yes, the ad I got going into this video is sponsored by AIPAC.
Another "China is doom"
uhm first time in 60 years, there is a decline. That is pretty massive. Lets stay realistic. ok. This is something very serious not happened before.
You can do your own research and see that there is a decline.
@@HermanWillems Not happened before? I suggest you look at the population charts of every developed country in the world. Pay extra attention to the time period in which they transition from a developing to a developed economy.
Any similar analysis on India ?
No need because India is ally of the US.
A growing economy with a large young workforce. It will be able to better retain its talents if it supports innovation and high-paying job creations.
I have lived through three real estate booms and busts!!!
This one in china is the granddaddy of them all!
If any government capable of solving any problem it will be the Chinese government, not politicians from the West who sit comfortably in the pockets of the corporations.
Innovative solutions will come from the efforts of the non-corrupt private sector. Unfortunately for the Chinese, there is very little non-corrupt private sector under Xi Jinping’s rule.
I’m stressed watching this
There is a video/article like this every year from the US. Google, "end/collapse of China" articles dates 2023 2022 2021 2020 2019 2018... Lol 😂
Take a break from the news
Wtf why?
Yeah, I've seen tiktok livestreams of people in China. They're doing fine. This story is more projection from the US and the west. The Beijing autoshow was just this past weekend, video shows the place was packed.
Nation must be fine. They got rid of all the Uyghurs.
@suezsiren117 hahaha, sounds like someone needs to start watching the tiktok livestreams instead of mainstream media propaganda.
Chinese trolls.
Go to China and peruse the backwoods, shanty town villages and third tier cities. Saying China looks fine because of a decadent first tier city is ignorance. That’s like saying the US Econ is perfect, just look at the Met Gala and Kentucky derby
@BensonMTG ow ok you wanna make comparisons. So the US tier 1 cities are New York City and LA, compared to Beijing and Shanghai? Yeah, not even close to the safety and cleanliness of China's cities. And there's no place in China comparable to America's Skid Row. Probably should focus on taking out the log in your eye before pointing out the splinter in someone else's.
More like America in crissis not china. China does not have any homeless people America have homeless people everywhere across 50 states.
The homeless population of China, according to its own official statistics (which severely undercount), is almost the entire population of the US.
Great episode
Another problem is the rampant corruption among both contractors and local government officials. There are massive shortcuts being taken during construction to enable funds to be skimmed off the top resulting in what is called tofu dreg construction where buildings collapse under their own weight or are rendered unlivable due to cheap inferior materials being used. So even if you do receive the apartment you paid for odds are its substandard and potentially a deadly debt trap.
Keep spreading misinformation? If your claim is remotely true, we should be seeing entire cities collapsing since they have been over-building for over a decade now.
I mean a lot of this crap you really have to pull out of your rear end to make sense of it.
It's like racist always saying black people are lazy by nature. No they're not, their DNA is the same as ours.
when I am not happy, I enjoy this kind of video
If I remember correctly, this episode has lots of stories and interviews that had been released in previous series.
Sounds like the number 1 economy is not in trouble! Lol
So China has demographic decline problem AND youth unemployment problem, sound like these two problems will cancel each other out in the future. As for property problem, unless people don't need home anymore, it will come back, and it will come back healthier without property speculation/gambling problem. As for developers who can't pay their offshore debts, so sad.
The fact that they stopped publishing this data because of how bad it is should be a clue that authoritarians are more concerned with not being humiliated than having its people make informed decisions.
Their data is very easy to find. Currently the youth employment is at 15% and there are also 6% in that on study in the school.
data is easy to get, but it to stop these kind of channel cherry pick twist the data
16-22 jobless ...yeah as if go to uni or college class as jobless then i give up
@@jliang70 Its not just this one issue, Xi stopped publishing covid statistics in the middle of a goddamn global crisis. He was weak and irresponsible.
At the beginning of my birth, I heard the media angrily saying that China was about to collapse. The first word I learned was China, China, China taught by our angry congressman
To keep the unemployment rate low, graduating students are told to show proof of a job offer or they will not get their graduate certificate. In many cases, the school even suggested to their students to start a live streaming and sell anything. Many ended up doing to just that, and in china, if you work just one hour a week, you are considered full time employed.
"and in china, if you work just one hour a week, you are considered full time employed." Sounds very funny!
I don't know where you got the information from, what you said is wrong and completely unrealistic.😅
@@janviergalle thats what i call work life balance
Source is: "Trust me bro"
@@AlanCZcamsCHANNEL Currently living and working in Hong Kong and Shenzhen. Trust me bro.