What INDIA Needs To Learn From CHINESE ECONOMIC CRISIS Reaction! | Think School
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- čas přidán 19. 06. 2024
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Do more of think school. He's amazing
Bro please recommend him abhijit chavda too, if you would have seen his content.🥲
@@shodhitgoyal6539 yup 😀👍
@@shodhitgoyal6539 i haven't but i will
@@shodhitgoyal6539 yeah
+1
Thank you so much for sharing this episode with your community Jaby :)
Appreciate the comments.
Regards,
Ganesh
Hello
big fan
5:00 Same thing happened in Sri Lanka Jaby... Not just Africa... Even Pakistan and Bangladesh could potentially face a similar situation in the future due to their dealings with China
Pakistan is already on it's way
Well, i dont think Bangladesh's economy is in any kind of danger. They are much better than Pakistan. Instead, I think Nepal has more chances of getting a crisis
@@harshit6045 Bangladesh can face, they mainly depend on textile industry, if some other countries enter the market Bangladesh is doomed, n if it's near getting doomed they may ask for Chinese help, and yeah even Bangladesh can face this situation.
@@harshit6045 ohh they might. Bangladesh hasn't diversified industries much and they've started asking for bailouts
@@harshit6045 Bangladesh recently hiked prices of fuel to 52% and there's massive protests against the gov of bangladesh
India is one of the largest democracies and developed countries in the world. Starting from the ancient Buddhist culture, China has been learning from India. Respect from China
What u guys really respect india?
@@STAR-616 Yes, India is a powerful country, China has learned from India since ancient times, starting from Buddhism.
@@chinese8067 thanks man respect China from india
We also learning things from u guys ❤
If India and China unted or even if BRICS is more powerful there would be no other dominating power in the world.
@@STAR-616Arey bhai bot hai wo 😂
Adani's example does not fit here since Adani is smart he has not invested all in one business diversified it in different sectors and he is not mindlessly building anything he is building only those projects which are gonna be in use no matter what. like highways bridges ports telecom equipment etc.
Well they do seem smart until they start defaulting. Even then they won't suffer a bit but it's the country and our people who have to bear the consequences of their mistakes. I hope Adani learns from the mistakes of others and the govt should also keep a close watch on such unsustainable debt levels not only in the state governments but also in private companies
@@gowthampandiarajan6027 big reward comes by taking big risk just think if he become successfull. Evergrande is failed but other companies of china like tencent, bbq electronic and alibaba group e.t.c are giants and contributing huge in chinese economy they all took debt to grow faster.
@@Himanshu.719 Big CALCULATED risks.
@@saisatyamishra I believe its calculated + his business is diversified.
L&T had such financial crisis. There was a crunch in operating cash. Bill had been pending to given to small businesses. Those small businesses were facing financial problems which result to closing down the businesses, which lead to non-payment of bank loans. This were indian government step in to give additional loan facilities for increasing operating cash. Mind you that L&T was not making lost.
I don't usually say this about Indian CZcamsrs, but this channel does a great job of explaining things in a digestible way that anyone should be able to follow along.
@Aaron Paul Naturally.
Can you recommend some channels to me? I'm always looking for new ones
@Aaron Paul Konsi channel hai?
Same I too don't find any good US based channels which impart such good knowledge apart from few ones
This is the difference between China and India.. both of them are making rapid progress but India is doing with more stability.. you can't build up a property rapidly anywhere you want to. China did mistake while they started want to show off and occupying small economical nations
Rapidly? GDP per capita is even lower than that of Bangladesh.Maintain the stability of poverty and backwardness.
@@gaosunibu this year Indian economy growth rate is highest in the World (IMF) what's your counter cry baby?
@@daddyfcb1069 highest which is 8.5 %. But if you dive further deep into it, you can understand 8.5% is not enough. India needs to grow at least at the rate of 11% to erase Poverty in the next 30 years.
Also you said about rapid progress in real estate by China . The think school team correctly pointed out, if in china evergrand is the case, in India it's Aadani group. It's dept to revenue ratio is very very high. If they couldn't generate enough revenue from the port/solar power ( already facing trouble due to component shortage ) , India will also fall into much bigger crisis. If that happens our economy will not be having any support of Manufacturing sector as china is having now. We have only very small manufacturing economy.
@@neerajsunil3448 but adani's strategy is completely different adani in not concentrated in 1 sector like ever grand, so they would get atleast minimum revenue from their multiple sector , that means adani is much more stable.... unless the world entered into a greate depression , even during pandemic adani got billions of profit from their brilliant strategy...
We want Abhijit chavda history podcast 🙂
Edit: and space podcast
🔥🔥 it would be lit 🔥🔥
Yes
Dear America from TRS
Yep that would be great
@@priyadarshi_abhijeet Jaby wont have guts to react to that😂
05:00 This is one of the tactics in Debt Trap Policy of China, failing to pay interests Nation offer part of land on lease eg Habantota port in Sri Lanka was forced to give on lease to Chinese for 99 years. There are only chinese colonies in Pakistan as well as Sri Lanka & as you said in African nations also.
Yes.. The Chinese debt trap has affected around 69 countries around the world... Most of these countries face similar future as Sri Lanka is facing now
It's not one project in Africa, wherever China has lend money for infrastructure projects it has done so with the condition of building the projects through their companies and supplying of raw materials. Not to mention the extremely high interest, the substandard quality of the projects often ensure that these white elephant projects become debt traps for the borrowing nation. China has become the modern day Shylock.
"extremely high interest"? Source?
@@gaosunibu you want source??? Well there are thousands of sources so go and research a bit about this instead of commenting bs
@@adityamukherjee7038 You're absolutely correct. However, some people who have ulterior agendas to push won't recognise even the most evident facts.
@@rahulanandam watch some Chinese mega project documentary it says to save time and money they use all local material they can find to build mega projects, it become costly transportation all material need to build
@@rahulanandam at least Chinese will to build for them and compete the project on time, also take up all abandoned project that started that losing money and compete the project
People always appreciate the economy growth of China, but we've seen how vulnerable and unstable the economy. India is also making rapid progress but with greater stability !! Jai Hind
@Saurav Bhandari According to IMF reports India economy growth rate 8.2% which is highest in the world.
@@harshpandit8505 8.2 is not the highest brother. its minimal, and actually it is less then what is expected. people has lost jobs here in india and have shifted from higher class to middle class and middle class to lower class in the pandemic times. les than 10% or population in india is considered to be the middle class and less then 2% is considered to be the higher class and rest comes under the lower class
@@Nickkk7908 China 4.4% economy growth rate jo ki phle China growth rate 7-8% hota hai. Russia Ukraine war me India growth rate 8.2% is good.
@@harshpandit8505 China's GDP is six times that of India. When China grows by 4%, it is equivalent to 24% of India's
@@stunstar4553 well do you know what kind of economy we followed till 1990??
Reminds me of the book "The Coming Collapse of China" by Gordon Chang who published the book two decades ago in which he claimed China to collapsed on 2011 and later he changed the timing of collapse to 2012 😂😂😂, the new Gordon Chang in making..
Jaby already knows so much! Very impressive 👍
@MusicHub as per American criteria jaby is genius
Many of American graduates can't even name the continents
@@AmanSingh-cc2ciJaby ancestors are from Japan if i am not wrong
@@AmanSingh-cc2ciAlso Jaby is intelligent not genius
Just amazed with his hardwork to gather such information and make an informative video out of it. Kudos to him
In india, our economy depends on agriculture, services and industry but the major outcome of economy comes from informal sector.
China even allowed to pay installment in vegetable instead of cash , lol
China has hundreds of real estate companies, some of them use this as an advertisement to attract people's attention
Prashant dharwan
Prashant Dhawan sirs "World Affairs", Ganesh's "Think school', "Study IQ" and "Abhi and Niyu".These Yt pages are revolution to Indian Youth ❤️
Hey jaby react to 'india is not sitting on the fence' says EAM S. Jaishankar
We need more "Think School" reaction videos Jabs !!
And, please don't make us wait for it 🥺
Why
Thanks jaby for his amazing reactions. He was actually talking
FD(FIXED DIPOSIT) not NFT .In a Fixed Deposit, you put a lump sum in your bank for a fixed tenure at an agreed rate of interest. At the end of the tenure, you receive the amount you have invested plus compound interest. FDs are also called term deposits. Interest rates.
Please react more on Think School. Love Your reactions...💖💖💖
As of today the news is just in,
BANGLADESH , a South Asian nation as you know I'm sure, was sitting on fence for years when there was so much ruckus about Chinese debt trap-Loans. Bangladesh was playing a neutral role in the question raised over Chinese money. But they finally spoke out openly and warned the developing nation to *"THINK TWICE BEFORE ACCEPTING CHINESE LOAN"* . BD is in a shaky situation amid this Recession.
You have hit nail in the head JABY with your explanation about Chinese Debt trap strategy.
The same thing is happening in so called *"CPEC"* aka CHINA PAKISTAN ECONOMIC CORRIDOR worth 62 billions.
Dear Jaby, you learning a lot.... 👍👍 Now u r in fully Indian education club.. example: only one you tuber explaining this things.. so think how many people in India are like this.. that's why they are taking care of CEO of all major companies.. like Google, Microsoft, Adobe....and so many
Chinese dragon is a myth
Elephant is a reality..
If you write all the myths in India in a book, it is gonna be 1000 times the size of a dictionary 🤣
@@captainlevi5720 same with china they have 1000× times more myths than india
I heard on animal planet that Chinese make Chinese traditional medicine by the horn of rhino, and with different parts of animals
@@captainlevi5720 india should take inspiration form Japan
Japan is the only developed country which hold everything
Traditions, culture, economy, high hdi and what not
@@AmanSingh-cc2ci no bro , India believes in myths way more than China .
Content to learn something from. We need more of this Jaby.
Please do more reaction to Think School 👍
as an accounting student from Berea College Kentucky...
i can tell you this for real...
real estate hardly sees any depreciation or Market fluctuations... unlike any other asset...
Iff The land is not completely owned by The state...
@@sumitgpatil Tru dat....but US and India lets it's people own the land...
We are solid democracies... unlike a banana republic like China or Pakistan...
THANKS FOR MORE THINK SCHOOL
Hey Jaby the countries that you're mentioning is Papua New Guinea and also the Sri Lankan case is the similar when it comes to a Chinese taking their infrastructure development...
Think school is amazing. Watch more stuff from him.
The companies should have a risk management team (many companies do) to avoid such ripple effects that could affect not just millions of people but the economy and eventually the world.
Acha
please react more on think school dude since u r also having much knwledge of geopolitics so it would be great
Think school is a good knowledgeable channel, do more reaction
Hello mayank.
The fact is that tata nd reliance also have debt equal to Adani... Nd they are less chances to fall because they involve in many sectors, but China company is fully on property sector..
Jaby bro...Greetings! I must tell u , u have chosen a future market for u 😉. Keep reacting on indian content and keep entertaining us. I am fan of u and achara ma'm. And specially syntel bro. He is my favorite. Love u 💓
You should react to S. Jaishankar sir's interview at GLOBESEC ....it was awesome & he gave fitting reply to the journalists & Europe...You will like that one.
Keep growing jaby
Best reaction channel on CZcams
Love your reactions guys
You should do more Reaction of Think School and Gravitas Plus
React to "How American uses evil war strategy to manipulate the world" by same channel Think school. It's amazing single case study
Nah trash video
In India the housing bubble is on, not sure when it's gonna burst, but certainly not soon. If the world goes into recession then for sure the bubble is going to burst
INDIA IS GREAT
❣️
Yeah, again, keep living under that illusion
@@chrisaxis5043 are you from greath brithain😂
Great robbery but British did on next level
But now Britain cry for India support
If India have their money not let them looted then India have the highest gdp like before 250years India have the 25percent gdp of the world and peak was 45percent
And also low like 20percent
So I want to that's a another small lowtime
So you live in your illusion😂
India will grow with hardwork not looting others
7:13 - 😅 That's quite changed. We all invest in stocks now 😂There are debates in middle income houses as to who hold stock where. Apart from job, free time people only do this. Tragic for those in the core Tech. industries whom have time only to solve problems. The IT sector employees for e.g. are expert in stock trading. Am not from the IT but friends are whom keep complaining that it sucks but by revenue, that was good.
This guy is really a good teacher I would always love to attend for hours...
The lady in wion news is one of the best anchor
Bruh
16:00 he meant fixed deposit where you will put a large chunk of money for a long time let's day 5 years and get 4-5% interest every month which the bank will pay you (sometimes is very risky)
15:30 “NFTs”
I am surprised no one mentioned it yet, lol.
Best way to tackle this is to remove monarch, accept democracy, start immigration of foreign people, reduce the price of houses, increase rural development, reduce intrest rates on loans given to other countries, start making new but fruitful friendships from other countries, start employment of more people into army as well as police force(this is best way to tackle unemployment), start making new colleges/schools/universities, start sending chinese people to other countries to work either for other countries or in the company of china established in other countries, buying companies of taiwan and leaving taiwan as an independent country (win win for both), making new foreign policies, helping other poor countries to rise up on the condition that chinese people will work there and may even live there forever or maybe for the term of contract 🙂
Not only in part of Africa, it is the basic fundamental of their BRI project to give loan to a country to give employment to their own countrymen and income to their own businessmen, and give loan to higher interest in a secret conditions which no one knows and when these poor countries failed to repay their loan grab their property
The thing you mentioned about Africa is called China's "Debt trap deplomacy" , they follow everywhere to have control over counties many countries have even around 10% of their GDP as debt from China that too for unsustainable projects
I learned so much from this video thank you
It's a similar situation like USA in 2008 market crash.
Love Steph's voice
14:50 .. Not only social norms, but Chinese policy also has pushed this incessant house purchase... Figure this- In China, you belong to and can access most public services at the place where you own property... Meaning, even if you have been living in Beijing or Shanghai for decades, but your children can't get to a govt school or can't access public hospital services if you don't own property in the city, in short you are an outsider for all practical purposes. Instead, you can access all public services at your village where you own your ancestral house and which could be 1000 kms away from the city you live in. This Chinese policy is the greatest contributor to the mindless, incessant property sector boom (or bust?) in China
Omg this is ridiculous and discriminative to say the least. Basically they artificially inflated the entire market of real estate to portray that they are developing much faster than they actually were. 🤦♂️
@@rapiddu6482 Also, the civil servants in China are given real estate development targets every year and are punished if they are not able to meet those targets.
What else would you expect from a communist dictatorial regime!
You completely misunderstood this policy called hukou.when you pay tax in a city at a certain point,you can get hukou of this city which gives you more rights in this city,like owning a property,better education,better healthcare,but it’s not always the same, in tier 1,2 cities it’s very hard to get hukou,in some small cities you don’t need hukou to buy a property.this hukou system has pro and cons, it prevented the random movement of the population but kept the city functioning
@@zhangburnham7226 Ah! Thanks for acknowledging and reiterating my statement!
Just that - people protesting on streets (this is Communist China, can imagine what it takes for a common man to protest on streets!), people being beaten up by police-hired goons, 100s of banks on the verge of collapse, more companies like Evergrande getting ready for bankruptcy and Chinese economy shrinking is the result. Alas!
At @4:41.....its common. Every country dose that... it's called "Line of credit".
15:30 Nfts .. jabby , how can you forget them ?😂😂😂😂Those are the most privileged stuff you can ever buy .😂😂
Yes it’s NFT he is taking about for sure.
Consider reacting to 'Why India needs a permanent seat at united nation security council?' By tarek fateh sir
The amount of Gold in India (Households) is freaking unimaginable 😂
Abhijit chavda sir's video next plz
I love the way this Indian give Chinese problems presentation
Honest trailer on RRR
4:50 its called "Line of credit" and it is very common in goepolitics to increase your exports
But in those lines of credit, interest is generally lower but chinese loc comes with a condition that you can't reveal interest info.
@Dr. Kaajal Rawat I am sure you know better than me and have "read" before speaking, tell me one thing, what would you call when a country lends money to another at the promise of obligation of buying stuff from them only, isn't it The Line Of Credit.
No doubt one can make the whole deal unfair, leaned more towards the benifit of one at the expense of other.
This still be called a line of credit, an unfair one.
5:06 yup you're totally correct and it even helped them
220 billions
nasa: oh we could have launched 22 JSWTs
5:00 not just to the african country but also to Sri Lanka, Pakisthan, Nepal etc.
15:26 NFTs were the thing you were talking about.
You are right ✅️, bro
The cultural aspect of homes and marriage in China is fueled by the gender imbalance due to the 1 child policy as competition for marriage rose. It’s like how Employers in the USA ask and expect that you own a car; you are pressured into getting that car even if you must take a ridiculous loan because you think it’ll eventually pay itself back by via the job.
6:33 joby is trying to roast china😂
We are also headed that way..
I have lived in China for few years and had opportunity to visit one of the ghost cities (they had 10 then) in southern China. It was tricky as foreigners were not allowed to roam and tale pictures freely. It maybe police or one of the many security agencies (local or municipality) will come and shoo us away. I was shocked to see thousands of pristine high rises completely empty. City had 8-lane roads completely empty apart from 1-2 taxis or construction vehicles running every other hour. I was told by my Chinese colleague that up north they have an empty city with metro constructed waiting for people to come and fill the city. At that time (almost a decade ago) experts were predicting that Chinese housing market was about to explode but was propped by CCP. situation is dire now in China not because CCP is unable to help these construction companies but mainly because Chinese consumers have stopped paying for housing loans. In China, you have to pay 20% in Cash for a house and take loan for remaining amount to buy a house that is under construction. Construction work was always shoddy in China but right now construction companies are unable to complete the work and deliver projects on time. But consumers do not have any protection from government if companies do not deliver projects on time. So consumers are incurring huge losses as they have to pay loans no matter what. Consumers have stopped paying house loans in 86 cities and this will put load on already bad loans provided to construction companies. Issue is that Evergrande was third biggest in China and top 2 are also going to default on outside loans(more than 1.5T $). If and when it happens it will cause huge stress on world economy. India will have no direct impact but will feel stress because US and EU have purchased bonds from these Chinese companies.
Is this not a huge carbon footprint? And here I am sad to use paper to write.
Please make more videos on geopolitics... Please
You really like think school. Its a good channel
ThAt eye roll was iconic
Jaby try to see Abhijit Chavda history or economics/ geopolitical videos. He's a great knowledgeable man, a theoretical physicist himself
Home loans, defaulters, ghost towns. Takes me back to 2008
They not only did that thing in Africa, but also in Sri Lank and Pakistan, and results are in front of us
Amazing reaction ❤️
India is good in financial background its come from long back during kings reign with ministers, pandiths etc... our govt balance the economy by gold and other govt currency bonds
react to " dear america series (3 parts) - beer biceps with abhijit chavda "
Steph Sabraw is like the new Achara🤣🤣
You were on point about Africa story about Chinese take over
Think School is simply amazing
Hey Jaby...you had reacted to a video long time ago , titled ' Tata's business empire '...but please can you react to it on one more time , but this time with Achara ...or maybe please do so whenever you think it appropriate ....
They did the same to Sri Lanka, Pakistan and many other Asian and African nations... Gave heavy interest loans and employed only Chinese companies and workers in the projects there.
well houses and gold is different as gold can be used to back currency through a new system .it is in the video what if saudi arabia joins brics think school youtube channel,well i think in india people really do not buy something which is something beyond reach.they would somehow earn through business or jobs with savings (loans people take it less than other nations like in usa people use money of future not of present !)
React to 5 times when s.jaishankar didn't hold back by brut and print ...
Love from INDIA💝
What you were thinking of was NFT
Yes you are right
Adani has very diversified portfolio. He is smart not putting all your eggs in one basket.
Supertech, Amrapali, Jaypee did the same in Delhi NCR 😬😬
Think school channel is one of my favourite channel of all time because he is more precise with statistical evidence and articles which is more reliable. his solution for the some of major problems in business is more helpful from small scale to large scale busines. @jabykoay please do more videos on THINK SCHOOL
Jaby please react to abhjit chavdas podcasts with ranveer, you can start with history of india or with even "Dear america". Its a request from most of your viewers🥲.
An Angel is sitting next to jaby koay.God dammmn she is so beautiful
4:54 same trap is used in CPEC by China in Pak.
Do a vedio on central Vista project
Jaby you are awesome
You were thinking of NFT jab
Same stuff happened in india from 2000 to 2004 it bang gone bust
Hey jaby please react to his video on Strategic importance of Andaman and Nicobar Islands 🙏🙏!!
Watch Avijit Chavda's videos. 🔥