Why Economic Inequality is the CCP's Biggest Problem

Sdílet
Vložit
  • čas přidán 12. 05. 2024
  • Get Nebula using my link for 40% off an annual subscription: go.nebula.tv/tldrnewsglobal
    Despite it's enormous GDP, that wealth isn't shared amongst the population and China is one of the most economically unequal countries in the world. So in this video, we'll discuss the urban-rural divide and why this presents a real problem for the CCP.
    🎞 TikTok: / tldrnews
    🗣 Discord: tldrnews.co.uk/discord
    💡 Got a Topic Suggestion? - forms.gle/mahEFmsW1yGTNEYXA
    Support TLDR on Patreon: / tldrnews
    Donate by PayPal: tldrnews.co.uk/funding
    Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
    TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
    //////////////////////
    1 - en.wikipedia.org/wiki/List_of...
    2 - www.csis.org/analysis/how-ine...
    3 - www.worldbank.org/content/dam...
    4 - en.wikipedia.org/wiki/Common_...
    5 - www.sciencedirect.com/topics/...
    6 - www.csis.org/blogs/new-perspe...
    7 - open.spotify.com/show/44pekaw...
    8 - Invisible China, Scott Rozelle, (2020) 978-0226739526

Komentáře • 1,1K

  • @Charles-ph6wy
    @Charles-ph6wy Před 12 dny +380

    Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

    • @Valentine-sd2fb
      @Valentine-sd2fb Před 12 dny +1

      I’m seeking to invest a good amount across various markets but don't know which is safe at this point of uncertainty, I was advised to diversify between stocks and bonds, since they can help hedge against inflation, or am I better off holding cash?

    • @Janise-pg8yr
      @Janise-pg8yr Před 12 dny +1

      With the help of the same investment advisor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).

    • @Daniel-ss7ri
      @Daniel-ss7ri Před 12 dny +1

      Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

    • @Janise-pg8yr
      @Janise-pg8yr Před 12 dny +1

      Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

    • @Daniel-ss7ri
      @Daniel-ss7ri Před 12 dny +1

      Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @Markus-ik6ub
    @Markus-ik6ub Před 22 dny +486

    The main thing I've taken away from this video is that without Frank, Paddy's Pub would have achieved full communism

    • @jaamaan89
      @jaamaan89 Před 22 dny +2

      Hahaha bruuuh

    • @mustafahassan9756
      @mustafahassan9756 Před 22 dny +5

      Cuz they have a self sustaining economy

    • @erossmith1211
      @erossmith1211 Před 22 dny +7

      I had to double check the video title to make sure I was watching TLDR

    • @mygetawayart
      @mygetawayart Před 22 dny

      ​@@mustafahassan9756 and their own currency

    • @Worldmisery
      @Worldmisery Před 22 dny +9

      ​@@mustafahassan9756 the idea of a self sustaining economy is history. All economies thrive off of trade and fail when they stop exporting and lower their GNI.

  • @ziyu8061
    @ziyu8061 Před 22 dny +313

    I'm Chinese. I started to find my life was extremely privileged when I noticed there were so many poor people here and totally invisible. They don't use internet like middle-class people to talk about social issues, they don't talk about their situations. Most middle-class people, even though they concern about our society a lot, don't know the existence of those lower class people. If you have the income of the top 10% population, you still feel you're poorer than 60% since you can only see certain people

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny +20

      I think there are various mechanisms by which poorer people are made to feel that their position is solely their fault. This happens in pretty much every society on earth. They're "lazy" "uneducated" etc. Everything but the structural issues which can be explained very clearly on graphs
      Yes, you're absolutely right about how people judge things by what they can see. They can't see the bankers, CEOs etc. I had no idea about how the economy of my country worked until after the financial crisis in 2008 and then I began to see how so much of it is rigged.

    • @user-ox9qq2yy9d
      @user-ox9qq2yy9d Před 22 dny +6

      看来你是富裕阶层了 不知道你哪来的这个观点

    • @user-ox9qq2yy9d
      @user-ox9qq2yy9d Před 22 dny +2

      看来你是富裕阶层了 不知道你哪来的这个观点

    • @ziyu8061
      @ziyu8061 Před 22 dny +5

      @@user-ox9qq2yy9d 你不管是出国了,还是翻墙看英文媒体,大概能推测你属于富裕阶层了(不是指绝对富裕,是按百分比来看,5%我算做富裕)。

    • @ziyu8061
      @ziyu8061 Před 22 dny +16

      @@OnlineEnglish-wl5rp The educated middle class tends to describe lower classes as lazy and it is so bad here.
      But as far as I've seen, people without high education degree have their social circle, and they don't care about education. they are very pragmatic, likely to focus on making money and having fun. They won't spend time on internet to discuss economic situations. Some of them are pretty rich because of family business, so I can't say they're invisible 100% because of they're poor.

  • @monkofmayhem1373
    @monkofmayhem1373 Před 22 dny +174

    I live in shanghai, wealth gap in the city itself is staggering too. Seen one apartment that was a single bedroom with a single hotplate. It had a tiny bathroom with the shower over the toilet. Right outside the apartment was a brand new Porsche. Likely owner of one of the local shops.

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny

      "socialism with Chinese characteristics"

    • @Rom2Serge
      @Rom2Serge Před 22 dny +6

      I was in Shanghai im 2016 , yes life in clty is expensive , products too. A lot of expensive cars , and other people are working like 18 hours a day for a basic living.
      Tho i hadn't seen homeless people living on streets , security is good. Police were surprisingly nice and were helping me when i got lost.
      For example in Paris tones of people are living on streets , i was attacked and robbed in Paris.
      America "news " will say that in China they hide homeless people or their are in small cities hiden from eye. But its a lie!
      I travelled though whole China on trains. From Kazakhstan border Urumchi , small cities , Beijing Shanghai , up to Macau. In small cities i saw a few beggars. In Eu much more people are living on streets.
      So i think this metric of flawed.
      Perhaps one thing what annoyed in China , is blocking of internet , had to use VPN.

    • @MijinLaw
      @MijinLaw Před 22 dny +3

      @@Rom2Serge I lived in Shanghai for 7 years, I agree with all this except I also didn't find it expensive to live. It's expensive to buy a house, and it's one of those places where it accommodates people of any budget (if you want to spend $10,000 on a handbag, those shops are there) but a lot of the day to day things like eating out and public transport are crazy cheap. And by eating out I don't just mean street food, I mean you can go to really fancy-looking restaurants and end up paying maybe $15 a head, and they don't accept tips.

    • @philoslother4602
      @philoslother4602 Před 22 dny +3

      ​@@Rom2Serge China doesn't have many homeless people because of the 1998 housing reforms :)

    • @Tethloach1
      @Tethloach1 Před 22 dny

      A rich person made their adult kid work like everyone else, they fit in like everyone else.

  • @deathdrone6988
    @deathdrone6988 Před 22 dny +292

    Ironically Xinjiang and Tibet has a higher GDP per capita than provinces like Henan (the historical origin of Chinese civilization) and Hebei (province that encircles Beijing) respectively.

    • @iceomistar4302
      @iceomistar4302 Před 22 dny +53

      North China hasn't been rich since the late 1800s, Henan had so many famines, wars and floods over the centuries that its reputation is the worst in China.

    • @bosporu
      @bosporu Před 22 dny +48

      It's not that Xinjiang and Tibet are good places to develop economy, but that they receive more transfer payment from richer coastal areas. Basically the CCP sacrificed these provinces to develop the minority areas. If you look at the countries neighboring Tibet and Xinjiang, their GDP per capita is lower than Tibet and Xinjiang

    • @thomasgrabkowski8283
      @thomasgrabkowski8283 Před 22 dny +8

      @@bosporuXinjiang is also wealthier because it has oil

    • @EroticOnion23
      @EroticOnion23 Před 22 dny +13

      Xinjiang & Tibet are also essentially unpopulated compared to eastern Chinese provinces

    • @datajournalist
      @datajournalist Před 22 dny +4

      @@EroticOnion23Which makes development of GDP even harder

  • @wonderplaceholder
    @wonderplaceholder Před 22 dny +238

    I think it would have been better to explain the Hokou system rather than relegate the explanation to a little bubble. How the system works is actually central to the title of the video and give less time to explaining how GINI is calculated

    • @Grason20
      @Grason20 Před 22 dny +5

      ​@@user-ui3rn5gh2zTLDR= too long doesn't read
      就是说:太长了,没有读

    • @jsb1585
      @jsb1585 Před 22 dny +47

      The longer explanation to piggyback on this, for anyone interested:
      China's hukou (户口) or household registration system was designed to grant the govenment greater control over internal migration. When the CCP took power, they had a massive rural population, and the need to rapidly urbanise and industrialise. However, uncontrolled urban sprawl would have placed too much pressure on limited resources, and so the hukou system was introduced.
      The system, introduced in 1958, required citizens to register their area of residence with the local authority, and tied their access to services and opportunities to one jurisdiction. This acted as a checking measure on uncontrolled internal migration, and allowed the capabilities of the state to be built up over time.
      Concurrently, the danwei (单位)or work unit, was also introduced. During the era of heavy centralised economic planning and control, everyone was required to be a member of a danwei, through which they would receive employment, retirement, healthcare and housing assistance through this entity.

    • @venanziadorromatagni1641
      @venanziadorromatagni1641 Před 22 dny +7

      @@jsb1585What would be interesting is a video on the effects of the Hukou system (and the subsequent unofficial cross-provincial migration) on the social systems (Unemployment, pensions, etc), which are supposed to be province-level systems but which require increasing balancing to support the provinces where many people actually worked somewhere else (and hence created economic benefit somewhere else), but then go home after reaching retirement.

    • @aritragupta4182
      @aritragupta4182 Před 22 dny +1

      They've probably been spending too much time on Brilliant 😆

    • @user-ox9qq2yy9d
      @user-ox9qq2yy9d Před 22 dny

      @@jsb1585 you have a poor history knowledge about household registration system. Actually it was developed by Qin Dynesty.(BC221)The registered residence system has been used until now.

  • @xiphoid2011
    @xiphoid2011 Před 22 dny +59

    There is an even worse urban rural divide -- the retirement pension system. I'm from Shanghai, my relatives there get 6000-8000 yuan/month ($1000). My wife's parents are farmers from a village in Guanxi province. They each collected about 150 yuan/month ($23). That's not even enough for food, nevermind medicine. My wife and I med in graduate school in the US. I was shocked when we went back to china to get married. Going from Shanghai to rural Guangxi is like going from New York to africa. The village is mostly middleaged or old people working the farms. The rural china is heavily reliant on migrant workers sending money home. The old languish watching the children of migrant workers who went to the cities. Needless to say, we brought her parents to the US as soon as we could.

    • @trungduong4040
      @trungduong4040 Před 22 dny +4

      thanks for sharing

    • @miragept
      @miragept Před 21 dnem +2

      Can also notice richness change with chef wang's videos of restaurants, it really seems like anything that is something like +100 to 200km away from a big city, at least in sichuan, becomes a lot poorer. There is also that south vs north thing, guessing because north is the heavy industrial place, at least, this is what a northern chinese told me.

    • @Luiri61
      @Luiri61 Před 21 dnem +3

      You're basically as shallow as the author of this video, both seeing the surface of the problem but not analyzing the cause.
      There isn't a huge difference between urban and rural pension systems per se, the reason for the difference is the base and year each person joins social security, basically the earlier you join or the more you put in to get a bigger pension. And your comment about $1000 to $23 is a complete fabrication. The gap in retirement pensions in China, even between the richest and poorest places, is not more than double. there is only one province in China where the per capita pension in 2023 is less than $400 per month. That's per capita, but it can't be $23.
      23 dollars sounds like some kind of standard for the five guaranteed households, the ones who have no financial income, are old, sick, uninsured, and are the ones who get the subsidy. And even ten years ago, the subsidy for a household wouldn't have been less than $80 a month. Please stop the rumors.
      You will not get retirement protection if you are not enrolled in Social Security. But the government is still giving these people coverage, albeit at a low standard, but you have to realize that this is in the face of a population that is larger than the total population of the United States. So you're basically talking out of your ass.

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      Ok prove it

    • @96518
      @96518 Před 20 dny +2

      @@zacksmith5644 Never heard of the hukou (户口) system that separates migrant workers from their children? Never heard of Li Keqiang saying 600 million Chinese people live on less that 1,000 RMB ($150 USD) per month?

  • @allliquid6320
    @allliquid6320 Před 22 dny +88

    Eyyyy south africa being the first in something regarding economics

    • @foooooof
      @foooooof Před 22 dny +18

      SOUTH AFRICA NUMBER 1!!!

    • @aaamint9981
      @aaamint9981 Před 21 dnem +1

      USA

    • @chadmcbride173
      @chadmcbride173 Před 21 dnem +2

      I thought I was the only one bra🥲

    • @allliquid6320
      @allliquid6320 Před 21 dnem

      @aaamint9981 the third world country that thinks its part of the first world 😉

    • @ExHyperion
      @ExHyperion Před 20 dny

      @@allliquid6320a third world so third it has the worlds largest economy and higher gdp per capita than 95% of the planet

  • @veraxiana9993
    @veraxiana9993 Před 22 dny +77

    Well done explaining the broadstrokes of the gini coefficient, the graphics really helped me visualize & understand it!

    • @marcussver620
      @marcussver620 Před 22 dny +2

      exactly ❤

    • @jameskamotho7513
      @jameskamotho7513 Před 22 dny +1

      It was, actually...

    • @jojoknight
      @jojoknight Před 21 dnem +1

      Same here! They explained it so badly in secondary school. All I knew was that 0,1 is good and 0,9 is bad and you will never encounter 0 or 1 🤣🤣🤣 Now I feel like I understand it 🙏🏾🙏🏾

  • @awwastor
    @awwastor Před 22 dny +156

    china’s mix of over the top recolutionary symbolism and celebrations combined with the rule of technocrats who look and sound like tories is always funny to look at

    • @GetFochD
      @GetFochD Před 22 dny

      Are you really comparing the chinese to the tories? 😂😂😂
      Labour and tories are the same neoliberal idiots nothing like the chinese

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny +12

      Deng was one of the original neoliberals and plenty in the Tory party admired him

    • @joadic
      @joadic Před 22 dny +19

      This confounds me to the core. I have some friends who now defend pro-business anti-worker legislation saying that's real 21st communism since it is what China does now. Like I can't even, the current world is too complex to fit our definitions

    • @boarfaceswinejaw4516
      @boarfaceswinejaw4516 Před 22 dny

      as it turns out, communism is just fascism with red paint.

    • @jonathanodude6660
      @jonathanodude6660 Před 22 dny +1

      @@joadic just because we have definitions for specific things doesnt mean we actually have to do those things.

  • @yopyop3241
    @yopyop3241 Před 22 dny +72

    “Third most unequal economy in the world, behind just South Africa and Namibia.”

    • @user-ox9qq2yy9d
      @user-ox9qq2yy9d Před 22 dny +3

      Where did the erroneous data come from?

    • @yopyop3241
      @yopyop3241 Před 22 dny

      @@user-ox9qq2yy9d Erroneous data comes from the CCP. The data that shows China is the third most unequal economy in the world comes from a long term longitudinal study by researchers at Peking University.
      The study results have been published for many years, but now that foreign media has taken notice, the CCP will undoubtedly shut the study down.

    • @aiapihud4344
      @aiapihud4344 Před 22 dny

      @@user-ox9qq2yy9d actual economists.

    • @yopyop3241
      @yopyop3241 Před 22 dny +11

      @@user-ox9qq2yy9dThird most unequal economy in the world based on data collected as part of a long term longitudinal study conducted by researchers at Peking University.

    • @kamelkadri2843
      @kamelkadri2843 Před 21 dnem +11

      knowing South Africa and Namibia it a terrible position to trail them, the level of inequality in South Africa is unbelievable, like you can't image it unless you see it

  • @aubs400
    @aubs400 Před 22 dny +4

    "The economy... is in shambles!" Love that you folks also love Sunny!

  • @alexwhinnie274
    @alexwhinnie274 Před 22 dny +85

    They probably should have included Gansu province in the bright red section of the thumbnail, considering its the poorest by province by GDP per Capita in China and is nearly bottom on the HDI . (British living in Gansu province)

    • @venanziadorromatagni1641
      @venanziadorromatagni1641 Před 22 dny +4

      It’s also the 5th lowest in average number of education years (8.79), after Tibet (6.62!), Guizhou, Qinghai and Yunnan.
      (How much of that number however is ‘statistical drag’ as people tend to live for decades after finishing school, is another question.)

    • @B1_66ER
      @B1_66ER Před 22 dny +1

      How did you post a comment on CZcams if you live in China?

    • @liua42
      @liua42 Před 22 dny +2

      & Inner Mongolia shouldn’t have been put as poor, their GDP/Capita is higher than most other regions (natural resources)

    • @SelfProclaimedEmperor
      @SelfProclaimedEmperor Před 22 dny +2

      ​@@B1_66ERHe broke the law

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Před 22 dny +20

      @@B1_66ER Did you know there are even Chinese CZcamsrs i.e. not just comments, but channels that regularly post content? Yes really, and yes from people living in China itself. Some even have thousands of subs. All you need to do is check, rather than regurgitating popular talking points.

  • @old_grey_cat
    @old_grey_cat Před 21 dnem +1

    Good explanation og GINI coefficient, and some facts new to me. Kudos.

  • @paul1979uk2000
    @paul1979uk2000 Před 22 dny +10

    I've never for a second though the majority of people in China living in prosperity, it's clear to see that it's a few hand-picked cities that are living much better than the rest, a bit like how Russia is today.
    If China was modern across the board, their economy would be around 4 times bigger than the US, clearly that isn't the case, so there's still a lot of poverty in China, and just like with Russia, it's easy to show the highlights of regions that are doing well whiles covering over the regions that are doing badly.

    • @artonio5887
      @artonio5887 Před 22 dny +4

      China's gdp per capita is lower than Mexico's last I checked. So this doesn't surprise at all either.
      They can throw those nice infrastructure pictures at me all the day, but the data says very clearly that the country isn't on par with the west in many aspects yet, and given the economic slowdown, I'm not sure if it will ever be tbh.

    • @user-xq2kb5lk2j
      @user-xq2kb5lk2j Před 22 dny +2

      @@artonio5887 China's per capita GDP is not even as high as Argentina's, which suffered economic collapse

    • @Luiri61
      @Luiri61 Před 21 dnem

      @@user-xq2kb5lk2j yeah, Like you said, a country so weak that even most of its people are still eating dirt is under siege by the entire Western camp.

    • @davidk.d.7591
      @davidk.d.7591 Před 20 dny +3

      I mean, the country was poorer than India 30 years ago. If you really except them to be at OCD levels now, then that'll be utterly ridiculous. They aren't magicians. It's very strange to me when people acknowledge that they've literally had the fastest growth in history but don't seem to realise that it's basically impossible to solve the problem immediately

    • @firzamm5784
      @firzamm5784 Před 5 dny

      ​@artonio5887 first of all GDP per capita is measured between GDP divided by population, if you compare Mexico with a population around of 120 million and china with 1.4 billion well ofcrs there will be a relatively huge gap between these two countries

  • @djoldschool
    @djoldschool Před 22 dny +20

    So uncontrolled capitalism ends with a hugely unequal society? It’s just lucky that countries like the UK have managed to avoid this terrible phenomenon..

    • @ibrahimhassan711
      @ibrahimhassan711 Před 22 dny

      Capitalism with no regulation is truly worse than a fully socialist state.

    • @ThatGuy-bz2in
      @ThatGuy-bz2in Před 22 dny +1

      China doesn't have uncontrolled capitalism. It has capitalism under the watchful gaze of a centralized authoritarian regime.

    • @redflame21
      @redflame21 Před 22 dny +1

      With full communism society would all be equally as poor

  • @whiskyfox7943
    @whiskyfox7943 Před 22 dny +143

    Bro put Anhui and Northern China as rich province

    • @dengist8172
      @dengist8172 Před 22 dny +34

      Anhui is OK. Northeast is definitely not rich 🤣

    • @ChoateGo
      @ChoateGo Před 22 dny +8

      @@dengist8172 idk, northeast feels better off than anhui. neither is prosperous though

    • @dengist8172
      @dengist8172 Před 22 dny +22

      @@ChoateGo Recently Anhui doing much better than NE. Anhui is China's electric vehicle base and NE was the old industrial base

    • @DevSarman
      @DevSarman Před 22 dny +6

      ​@@ChoateGoafaik, Northeast China - or Dongbei - is rather known as "China's Rust Belt", and infamous for organized crimes there

    • @nntflow7058
      @nntflow7058 Před 22 dny +1

      Anhui is doing way better than the rest.
      Not because they are great, but because the rest are sh*t.

  • @tayo5302
    @tayo5302 Před 22 dny +2

    What I love about this channel is how easy and simple you explain certain topics. The way you explained the gini coefficient was perfect

  • @KamiInValhalla
    @KamiInValhalla Před 22 dny +2

    I like the 3 people that you choose from it's always sunny in Philadelphia

  • @Itsunobaka
    @Itsunobaka Před 22 dny +4

    good video. very informative

  • @neojaxx
    @neojaxx Před 22 dny +20

    HUKOUs from different provinces and cities in China don't offer the same citizenship rights, kind of like passports. So, it's pretty inconsistent when overseas Chinese complain about the discrimination they face abroad while totally ignoring the inequality in citizenship rights caused by the hukou system back in China.

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny +1

      The Chinese abroad in Western countries have far more rights than foreigners do in China. China is an overtly racist society. You cannot establish a proper business there and they are total hypocrites about investment opportunities for foreign companies

    • @neojaxx
      @neojaxx Před 22 dny +6

      The system hasn't been abolished, some cities are just trying to lower the standards. But in China's first-tier cities, the household registration requirements are still much higher than the U.S. green card standards. @Letsthinkaboutit-mb7nn

    • @stunstar4553
      @stunstar4553 Před 21 dnem +1

      @@neojaxx Currently, only super big cities with nearly 20 million people, such as Beijing, Shanghai, and Shenzhen, have special restrictions. they will become overcrowded If these cities are not restricted,. Other cities with 90% of the population can easily move their hukou , as long as you work there for a few years or buy a house

    • @neojaxx
      @neojaxx Před 20 dny

      Changing the subject, The point is that Chinese people from different regions don't have the same citizenship rights. and Beijing's population has been dropping every year since 2017.@@stunstar4553

    • @neojaxx
      @neojaxx Před 20 dny

      Beijing's population has been dropping every year since 2017.@@stunstar4553

  • @bobkrachit7774
    @bobkrachit7774 Před 22 dny

    I've heard more about Real Life Lore's brand new series, War Room, which every month winds me through a whole load of ongoing conflicts, to keep me in the loop, than I have heard about anything else this past week.

  • @posthocprior
    @posthocprior Před 22 dny +1

    I don’t doubt that income and education inequality is severe in China. The problem however with using the Gini coefficient in China is that it’s a relative measure of inequality and doesn’t take into account, for instance, the rate of wealth among groups (say, rural and urban). My point: the rate of income growth in China’s urban areas is higher than in China’s rural areas but both rates are significantly higher than what they were before 1980. As importantly, I suspect that rural residents may be better off - although I’m not sure - because of the possibility of having a job outside of an agriculture one.
    So, a better measure for China’s inequality would also measure the rate of change in income between groups. This, I think, would find that China's rural poor are still poor compared with its urban population but are substantially wealthier than they have been in the past 100 years. That is, the rate of income increase is high. This is especially important in regards with the low education standards in rural areas. China’s high school dropouts have a chance at an income that’s substantially higher than a similar group in the past 100 years.

  • @thierry-alainfeldmann9281

    Pls what is the gini coefficient of equatorial guinea? 😱🙈

  • @wkzj-po8on
    @wkzj-po8on Před 22 dny +4

    The population in inland areas is small, the natural environment is poor, and the total GDP is very low, which is normal for the whole world. The rich areas in the United States are concentrated in the coastal areas, but the per capita GDP of Tibet, Xinjiang and Inner Mongolia in China is also at a medium level, which is extremely rich compared with neighboring countries. For example, the per capita GDP of Inner Mongolia is ten times that of Mongolia. Tibet's per capita GDP is more than five times that of India.😊

    • @orionstrehlow6816
      @orionstrehlow6816 Před 21 dnem

      A large portion of that is China spending national funds to suppress those areas. No really, it means they get better education, more services (even if many of those services came out of the book 1984) and they're actively being settled/developed by a Han middle class as opposed to much of the Han countryside which is often ignored. Plus there's a great amount spent in those provinces on security technology and physical security and security staffing, all of which are middle income jobs. Weird, huh?

  • @JohnnyFiction
    @JohnnyFiction Před 22 dny +13

    Because of the implication...

  • @Zed7762
    @Zed7762 Před 19 dny

    Good video

  • @k.c.6951
    @k.c.6951 Před 22 dny +13

    At 0:30 you stated 2 thirds of Chinese population lived in rural areas. Then later at 4:55, you said 70% lived in urban area. Could you please explain.

    • @leonardex2
      @leonardex2 Před 22 dny +14

      I think they should've said that 2/3 of the Chinese population are registered in rural areas, since 35% of the population living in urban areas are migrants from rural areas.

    • @philoslother4602
      @philoslother4602 Před 22 dny

      38% of Chinese are rural
      :)) his statistics are bullshit

    • @Red-Magic
      @Red-Magic Před 22 dny +1

      66% vs 70%
      its close enough

    • @ashvinnihalani
      @ashvinnihalani Před 21 dnem +2

      +1 is the to the fact that 2/3 are registered to be the rural areas while in really it is above 2/3 live in the urban area. The people who are registered as born in the rural area but actually work/live in the urban area are unable to receive benefits tied to the Hukou system which basically says where the province where you are born is responsible for your social benifts

    • @VampireA-Oni
      @VampireA-Oni Před 20 dny +1

      @@Red-Magic 66%in rural vs 70% in urban... please do the math, because I couldn't add those up correctly.

  • @XSpImmaLion
    @XSpImmaLion Před 21 dnem +3

    There's a channel called... Little Chinese Everywhere if I'm not mistaken, with travels all over rural China. It's really all over the world, but what caught my attention is Yan's travel in rural China.
    While it's mostly a travel channel with light hearted commentary, always with a positive spin on things, the images kinda speak for themselves. Rural China is like stepping into Chinese history. Some of the places she visited looks like it hasn't changed in centuries. The way of life has barely moved the needle. It's zero technology. It would put Amish communities to shame.
    And yes, it's all older people who receive money from their kids or grandkids who live in a big city, telling stories of a time when their village had 10x the population it has now.

    • @ruedelta
      @ruedelta Před 15 dny

      My family is from such a village. It is quite complicated, but it basically boils down to the simple fact that in the modern global economy, a small farming village has next to no economic value. Measure their activity better and maybe you have a more convincing argument as to why we should invest back in these villages, rather than just leaving them. I think you would be hard pressed to convince people that they MUST remain in such villages forever.

  • @benhawy
    @benhawy Před 22 dny +2

    Your analysis means nothing without figures on the difference of the cost of living between rural and urban areas.

  • @jameskamotho7513
    @jameskamotho7513 Před 22 dny +2

    It appears to me as if they have peaked or now firmly in the so-called middle income trap, the problems they face require a radical democratic process which is out of the question.

    • @Luiri61
      @Luiri61 Před 21 dnem +1

      我想知道你现在进入中等收入了吗?如果你连中等收入都没到,你为什么判断其他十几亿人已经达到顶峰已经进入了中等收入陷阱?你需要的民主是什么?你为什么又觉的不可能? 我想听听绿色的建议

  • @Simon-A.-Tan
    @Simon-A.-Tan Před 21 dnem +3

    All due respect, but you're making it sound as if China's poverty is strictly limited to rural areas and everybody moving to cities would solve it.
    There's immense poverty within the cities as well. People even feel it faster because prices are higher over there.

  • @ZachLDB
    @ZachLDB Před 22 dny +4

    With Xi’s humble upbringing and living amongst these people for years. Would’ve been nice to see how Chinas attempting to tackle this problem. Like their massive infrastructure investments into these rural areas connecting them with the wealthier ones. There’s poorer farming towns with HSR before a single American city has one. While they’re building massive bridges to cut driving times down. The opportunities these give is similar to America building the freeway system

    • @nomobobby
      @nomobobby Před 21 dnem +2

      Roads and highways are useless rivers of global warming ashphalt if your can't buy a car. They often make crossing the countryside harder, cause you have to eithier go around or walk on the berm- Just like America's homeless w/o a car.
      All the high speed trains NEED thousands of passengers or it runs at a massive loss. Most American cities beyond the coastlines are too far and widespread, with not enough traffic between them to justify huge passanger rail- It's just like rural China! Where's the money to keep them running at such high speeds? Off the backs of Bejing's communters?
      All the opportunity in the world doesn't matter if you cannot take advantage of it quickly.

    • @ZachLDB
      @ZachLDB Před 21 dnem +3

      @@nomobobby Not everything needs to be run for profit. How much is lost by operating fire stations and schools? How much money is subsidized in highway construction/maintenance or gas tax relief?
      You also don’t need a car to use those bridges, public transportation is a thing for citizens to go into the cities for work.
      Americas homeless situation is a separate self imposed issue from lack of affordable housing/greed keeping good homes empty to raise pricing. Fix that injustice and they’ll have opportunities to access the above.

    • @user-cx9nc4pj8w
      @user-cx9nc4pj8w Před 20 dny +1

      @@ZachLDB No, not everything should be run at a profit, but the net benefit should be higher than the net cost. And especially since people are still expected to pay for more expensive hsr tickets, the investment as a benefit might not be as good compared to just building a normal rail line.

    • @monkeeseemonkeedoo3745
      @monkeeseemonkeedoo3745 Před 20 dny

      @@ZachLDB It's not about profit, but about sustainable and smart investments. The infrastructure projects were not made to benefit people of rural areas anyway, but to pump the gdp numbers and employ people. Many of those high speed rails are losing a lot of money just to operate, not to mention the loans that went into building them in the first place.
      If xi cared about rural areas, he would help the migrant workers of China and reform the Hukou system, there's millions of children of migrant workers unable to go to school, access service, they have no status all because Chinese migrant workers don't have the same rights as non-migrant workers.

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      ​@@nomobobbyBased on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

  • @angelachen6123
    @angelachen6123 Před 21 dnem

    Some data are quite outdated though, I recognized that one source is from 2015. China has actually experienced a rapid growth of undergraduate and graduate population in recent years due to vairous reasons(though the quality of the degree is at times questionable). But overall great video!

  • @SimpleGeopolitics24
    @SimpleGeopolitics24 Před 22 dny +1

    Interesting

  • @sirwindu7850
    @sirwindu7850 Před 22 dny +15

    Ohh the irony.

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny +1

      There are plenty of videos on this channel about economic inequality in the UK so why are you reacting like that?

    • @ThatGuy-bz2in
      @ThatGuy-bz2in Před 22 dny +11

      @@OnlineEnglish-wl5rp I would guess it's 2 things.
      1) western societies aren't based on the idea of equality. Communism is supposed to mean that everyone is equal and shares resources. But they are one of the most unequal counties on the planet.
      2) western countries like the UK or canada certainly have in equality issues, but they are nowhere near as bad as china's.

    • @aiapihud4344
      @aiapihud4344 Před 22 dny +1

      @@ThatGuy-bz2in Lets ignore that the CCP after Deng's capitalist reforms dropped the concept of economic equality in favor of having a not dogshit economy.

    • @itshample3010
      @itshample3010 Před 22 dny +1

      ​@@aiapihud4344 This argument that leans into "China isn't communist!" is so dishonest and a shifting of goal posts. China started off and for the majority of its current state was based upon marxist revolution. It wasn't until after the government caused famines that killed millions of people that Deng realized that it doesnt work and China opened itself to capitalism to fix a lot of issues while still retaining the huge power the CCP holds. All of this inequality is caused by the CCP majorly. The irony is apt

    • @ThatGuy-bz2in
      @ThatGuy-bz2in Před 22 dny +8

      @@aiapihud4344 is the country not communist? Last time I checked it was. It is ironic that they use a political system intended to create an equal society, then tack on an economic system designed to destroy equality. And capitalism, properly managed, can have a certain degree of equality. But they went with the most unequal version of capitalism they could think of.
      that is extremely ironic.

  • @ColleenMartinez-lj6ok
    @ColleenMartinez-lj6ok Před 20 dny +257

    *Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..*

    • @JoelRaymond-mk5ew
      @JoelRaymond-mk5ew Před 20 dny

      Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

    • @ColleenMartinez-lj6ok
      @ColleenMartinez-lj6ok Před 20 dny

      Thanks to my co-worker (Alex) who suggested Ms Christy Fiore

    • @ShanikingOrtega
      @ShanikingOrtega Před 20 dny

      She's a licensed broker in the states 🇺🇸

    • @ShanikingOrtega
      @ShanikingOrtega Před 20 dny

      After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

    • @ElizabethMerchen
      @ElizabethMerchen Před 20 dny

      Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

  • @TheSquidPro
    @TheSquidPro Před 22 dny +2

    It's the largest strength because rural China still has an acceptable fertility rate that they can pump to the cities for economic output. The same is not true for western countries who must rely on this externally instead of internally.

    • @geofflepper3207
      @geofflepper3207 Před 21 dnem

      If China's fertility rate overall is only 1.05 and rural areas have higher fertility rates then
      fertility rates in major Chinese cities must be really low which is what tends to happen in cities with expensive real estate in which people life in apartments.
      In South Korea the overall fertility rate is 0.72 which is dismal but in Seoul
      the fertility rate is even lower at only about 0.52 or so I believe.
      I wonder how low it is in Shanghai.

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      ​@@geofflepper3207 lets do this israel bot
      Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

    • @monkeeseemonkeedoo3745
      @monkeeseemonkeedoo3745 Před 20 dny

      @@zacksmith5644 You post the same comment basically verbatim, 'based on your picture', and you call the other guy a bot lol

  • @davidroetzel5500
    @davidroetzel5500 Před 22 dny

    There are two short books called "Hidden China" - both worth a read to help understand this.

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      Ahhh yes . Colonists writing about china . Funny

  • @PinkyKiller19
    @PinkyKiller19 Před 22 dny +12

    我是中国人,我可以作证,你们的分析很正确、很客观

    • @davidescristofaros2241
      @davidescristofaros2241 Před 22 dny

      good to see some chinese in these videos, unfortunately the great firewall shields china from the rest of the world so it's uncommon to see you here

    • @theimmortalemperor3605
      @theimmortalemperor3605 Před 21 dnem +2

      你用的是诺德VPN吗?你是如何通过防火长城的?

    • @PinkyKiller19
      @PinkyKiller19 Před 21 dnem

      @@theimmortalemperor3605 VPN有很多厂家,我用的不是诺德

  • @samt7351
    @samt7351 Před 22 dny +12

    All the Chinese bots/trolls are out in force 😂

  • @pschulzdesign6147
    @pschulzdesign6147 Před 20 dny +1

    „Islands of prosperity in otherwise rural country” that suspiciously sounds like England

  • @14c14c
    @14c14c Před 20 dny

    In 4:22, you are talking about Deng's reform transformed China's economy from a rural one to a modern one, but the video you used is from Hong Kong, which was never under CCP's control until 1997.
    Under British control, the economic development in Hong Kong was always better than China, way before the founding of PRC.
    It is very unfair to imply Deng's reform change Hong Kong to a capitalist economic model. In fact it is quite the opposite, where Hong Kong's economic success inspires Deng to reform PRC's economic model.

  • @jliang70
    @jliang70 Před 20 dny +3

    I think a lot of your data are outdated. Just look at your example at 7:24 mark and that is in 2015 and we are now in 2024, China today has a working population of 740 million and skill worked force of 200 million (60 million of these are considered highly skilled work force).. I would suggest you dig out some of the more recent data and make. And as for best way to stay on top of the news, use the present day data rather than 2015 data. You are 10 years behind.

    • @tcxnt5442
      @tcxnt5442 Před 16 dny +1

      Because this video is bullshit popaganda, they did that deliberately

  • @AiSard
    @AiSard Před 22 dny +4

    Really liked the rough explanation of the Gini coefficient, the graphics really help out there.
    Although, given it was being presented alongside China's industrialization and economic growth, I kinda wish there had been a graphic to contextualize if China was doing a relatively good or bad job with economic equality given where it is in its development. Mapped against GDP perhaps?

    • @blackscreenconversations
      @blackscreenconversations Před 22 dny +1

      I would argue they are doing better considering the short period of success they have had. There seems to be more effort to alleviate poverty and build up rural areas. Of course the coast area is overpopulated and excessively richer than the other areas. The majority of the workforce in these areas are from the provinces described as poor. The biggest problem I think is the distribution of these workforce and incentive. I must mention that the cost of things is also relative to the area. But who knows what is to happen, if we take everything by their numbers, year on year they take more people out of poverty than many countries out there.

    • @geofflepper3207
      @geofflepper3207 Před 21 dnem

      ​@@blackscreenconversations
      I'm not so sure that they are doing a good job.
      Unlike other countries that were Capitalist and thus started with a few people having a huge amount of wealth and income and a lot of people with little income China was communist in the 1970s and likely didn't have much income inequality as it didn't have rich Capitalist owners of companies, especially after the Cultural Revolution.
      So China started out more equitable than other developing countries and quickly changed to being incredibly inequitable.
      I'm thinking that in 1960 when South Korea was poor and Capitalist it was more inequitable than was China but that today South Korea is probably a lot more equitable than is China.
      As well, although people always talk about the dramatic rise in living standards and industrialization in China I think that South Korea, Hong Kong, Singapore and Taiwan
      which were all poor like China in 1950 have all made better more impressive improvements in these areas than has China.

    • @davidk.d.7591
      @davidk.d.7591 Před 20 dny

      ​@@geofflepper3207China has always had rural to urban inequality. Even under communism. It's reform and development truly kicked off in 1990. By then, South Korea, Japan and Singapore were already developed countries. Taiwan was close, if not there already. China then was poorer than India. To compare them now is just ridiculous.
      Plus, the scale means that it's always going to be much harder to create enough industry to enrichen 100 million people than it is for 1 billion.
      It's relatively easy to export and manufacture your way to wealth when you have 50 million people. Less so at China's scale

  • @Gajus_Julius
    @Gajus_Julius Před 20 dny

    Great map i wonder why desertes and huge ass mountains are more poore then forests and fields.

  • @mayankadvani2712
    @mayankadvani2712 Před 22 dny

    The question is why isn't it the tories'?

  • @MartinNew14
    @MartinNew14 Před 22 dny +7

    From my viewpoint, it appears that the government may be inclined to hinder the prosperity of eastern cities to capitalize on the availability of cheap labor in the manufacturing sector. They seem to target workers from that region to prevent facing challenges akin to those seen in Europe, where the influx of individuals from a specific religious background has caused tensions within the LGBTQ community without substantial contributions to European manufacturing.

    • @deathdrone6988
      @deathdrone6988 Před 22 dny

      I'm gonna tell it to you straight, I don't think they give a shit about LGBTQ people at all (more of an Asia thing, the only country to legalise same-sex marriage is Taiwan, and its not even 'real'). But I do agree that they want more people in the cities, its just more efficient that way.

    • @the11382
      @the11382 Před 22 dny +1

      Companies are already in Vietnam for manufacturing. Meanwhile China is setting up in Africa.

  • @ethanemmerich9698
    @ethanemmerich9698 Před 22 dny +5

    That’s true for almost every country except USA, Germany, and Canada. Arguably Benelux, Switzerland.
    Wealth concentration in the major city, or for huge countries 2-3 cities is very common. Even Russia, UK,

    • @yopyop3241
      @yopyop3241 Před 22 dny +1

      Point is, it’s far worse in China than almost anywhere else. According to the vid, China is the third worst in the world, behind only South Africa and Namibia.

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      ​@@yopyop3241caught you
      Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      It's worse in usa

    • @ethanemmerich9698
      @ethanemmerich9698 Před 20 dny +1

      @@zacksmith5644 well, that’s just not true. USA has the most geographically distributed wealth of almost any country. I’ll put it this way, if you’re a young professional trying to make a living past middle class you can do that anywhere in this country. That is not the case in most other countries.
      Also- you may have misunderstood me- I was not referring to wealth inequality as a whole, I was referring to concentration of wealth in 1-2 major cities cities. Nothing to do with individuals.
      In USA you have dozens of cities where you can find incredible wealth and opportunities. That’s not true for the majority of countries, it’s not special to China.

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      @@ethanemmerich9698 wrong again . Source : world bank official website .
      Also go tell that to laid off bankers , game devs , software engineers , hardware devs .
      Unlike you , I have actual source

  • @minefacex
    @minefacex Před 22 dny

    I really hope they manage to bring those provinces up to a better baseline level as well.

    • @stunstar4553
      @stunstar4553 Před 21 dnem

      90% of the population lives in eastern cities, and now you know why the population in the west is very small

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      ​@@stunstar4553Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

  • @CC-dx6bc
    @CC-dx6bc Před 20 dny

    Yeah, actually dealing with this, so let’s wish them luck. Most large countries have terrible inequality, and zero motivation to fix it..
    Consider for example of the UK and the US are they going to address inequality at all?
    Continental Europe done quite well, and I hope China can reach the same standards eventually

  • @2SSSR2
    @2SSSR2 Před 22 dny +41

    This is nothing new, pretty much every country in the world is like this with the exception of city states like Monaco, Andorra or Singapore.
    In the US, for example, people earn the most if they live in California or New York. If you live in middle US or anywhere between CO and MO I am sure you are earning up to 4x less than people in big cities.

    • @marcussver620
      @marcussver620 Před 22 dny

      yes

    • @chrishekman6179
      @chrishekman6179 Před 22 dny +29

      I mean having government system that dictates wether you are forced to become a peasant is wild and hasnt existed in Europe for over a 100 years.

    • @soldatox3019
      @soldatox3019 Před 22 dny

      Yes, but in some countries there's an even larger divide, sometimes even massively larger.

    • @2SSSR2
      @2SSSR2 Před 22 dny +3

      @@chrishekman6179 To be fair, it's not like they cannot go to large cities and try to prosper. Millions of them did, just look how packed are their most rich cities.
      If the Government was preventing them to do that as well then we can consider it forceful system, with this we really cannot.

    • @diogorodrigues747
      @diogorodrigues747 Před 22 dny +1

      @@2SSSR2 Not freely though. The Huco system is a thing in China, and it's a pain in the *ss.

  • @MRTY323
    @MRTY323 Před 21 dnem +8

    It's so heartwarming that westerners care so much about Chinese wealth inequality, despite themselves having the same problem or worse.

    • @yopyop3241
      @yopyop3241 Před 21 dnem

      Per the video, China is the third worst in the world for inequality.

    • @Freedom_from_imp
      @Freedom_from_imp Před 20 dny +2

      They should look at the uk wealth gap. The royal leeches off the taxpayers and the rich pay next to nothing in taxes while the middle class and poor fight for scrap.

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      ​@@yopyop3241per the video . Usa is worst of the worst

    • @yopyop3241
      @yopyop3241 Před 20 dny +1

      @@zacksmith5644Nope. You haven’t watched the video. China claims to be on par with the US, but independent data collected by researchers at Peking University indicates that China’s situation is actually much, much worse.

    • @ZwarriorZ
      @ZwarriorZ Před dnem

      ​@@yopyop3241 dumb shit, there is no independent studies conducted in peking universities

  • @jogo798
    @jogo798 Před 22 dny +2

    Its isn't a problem if you look at the population distribution, western provinces are mostly empty which is reflected in gini coefficient.

  • @natedcarr6148
    @natedcarr6148 Před 22 dny +2

    Though Chinese rural inhabitants make only $200 a month, yet that's still far more than the $2 a day that the average Chinese rural inhabitant was making in the early 1960s. So, while poor by today's standards, yet historically speaking, the average Chinese rural inhabitant is richer today than before.

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny +1

      It depends on what their costs are compared to back then. In the 60s they had the Iron Rice Bowl which provided them with certain guarantees. That rice bowl was taken away in the 80s during Deng's reforms. Fear lies at the heart of so much of the market system. That's why Xi doesn't want a welfare system since unemployment benefits make people feel a bit less afraid about asking for a pay rise since if they are sacked, they have some protection.

    • @geofflepper3207
      @geofflepper3207 Před 21 dnem

      Going from $60 a month to $200 a month over a 60 year time period.
      Not sure that is very impressive, especially starting at such a low base.
      And when those numbers are adjusted for inflation it looks like going backwards.

    • @davidk.d.7591
      @davidk.d.7591 Před 20 dny

      Disposable rural income was around 2k yuan in 2000 and is around 21k yuan in 2023. That's a 10 times increase in 20 years. I really don't understand what people expect. Creating an economy big enough to sustain 1.4 billion people in at OECD leves isn't going to happen in 30-40 years​@@geofflepper3207

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      Chinese don't use usd

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      ​@@geofflepper3207 chinese don't use USD
      I see you were home schooled

  • @LandgrabbingIndia
    @LandgrabbingIndia Před 22 dny +5

    India's Economic Inequality is unmatched. In the Mumbai slums, slum dwellers share the same neighborhood with India’s and Asia's richest man, Mukesh Ambani. Despite being so rich, he did little to help his countrymen, especially those that live just across his mansion. There is an |ndian saying that says "the life of a cow is more valuable than a Dalit/slum dweller." 🤭🤣😂

    • @misterbig9025.
      @misterbig9025. Před 22 dny +2

      Bot that joined 1 day ago

    • @LandgrabbingIndia
      @LandgrabbingIndia Před 22 dny

      @@misterbig9025. Says the bot. Your Indian moderators banned my account permanently because they couldn't handle the facts about India/Indians, thus, I have created a new account. Not going to stop me, Indian bots/moderators.😏🤥🥱

    • @LandgrabbingIndia
      @LandgrabbingIndia Před 22 dny

      @@misterbig9025. Says the Indian bot who couldn't handle facts.

    • @misterbig9025.
      @misterbig9025. Před 22 dny

      @@LandgrabbingIndia type-c 🇨🇳 bot, your account is literally 1 day old

    • @LandgrabbingIndia
      @LandgrabbingIndia Před 22 dny

      @@misterbig9025. Musahar Indian bot.🤭

  • @serabinlen2736
    @serabinlen2736 Před 21 dnem +3

    西部地区恶劣的自然条件你不提吗?

  • @bloodcorer
    @bloodcorer Před 21 dnem +1

    Economic inequality in every country is a problem.

  • @masterchinese28
    @masterchinese28 Před 17 dny

    The hukou system creates the "Chinese NIMBYs." The first time to hear this, but its very spot on.

  • @mikebane2866
    @mikebane2866 Před 22 dny +5

    So biased. China does have welfare programs, they’re not extensive nor have the institutional infrastructure yet to support a country of over 1 billion people, their economy would become far less stable if they instituted any widespread social welfare program that would make a modest dent in their Gini Coefficient. At least they build modern apartments and actually pay poor rural villagers in remote areas to move into them and access decent jobs and China has an over 90% home ownership rate with over 80% outright owning their home and not some bank or lender.

    • @IR-xy3ij
      @IR-xy3ij Před 22 dny

      China is on many levels quite ancap

    • @baikeiast5255
      @baikeiast5255 Před 22 dny +2

      India doesn't have welfare too.But one thing china and indian own their land they dont payed property tax on the land

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny

      "their economy would become far less stable if they instituted any widespread social welfare program"
      You mean Chinese workers would have a little bit more protection from being sacked if they dared to organise for better wages and conditions. That's the real purpose of no or low unemployment benefit. Quite obviously they have everything they need to make things better for ordinary people there, it's just a question of politics
      Why are you talking about bias? Are you Chinese? Why are you always so defensive?

    • @thomasgrabkowski8283
      @thomasgrabkowski8283 Před 22 dny +2

      A lot of China’s high home ownership rate is due to homes in China only being privately owned recently. Before, they were owned by the state and handed out, and then ownership were transferred to residents living inside. It’s why almost all countries with the highest home ownership rates have history of communism. Eastern Europe and Russia also ranks extremely high in home ownership for example

    • @timhaldane7588
      @timhaldane7588 Před 22 dny

      You misspelled "based"

  • @FOLIPE
    @FOLIPE Před 22 dny +5

    2000 yuan isn't 200usd, it's 275usd, massive difference.

  • @mayank.9203
    @mayank.9203 Před 22 dny

    At 4:00 correction -usd trillions not billions .

  • @Zefurion1988
    @Zefurion1988 Před 11 dny

    Honestly, costal areas are always more wealthy than inland areas. In every country I believe.

  • @marcelo55869
    @marcelo55869 Před 22 dny +3

    TLDR trying to teach the bible to the priest... it is very easy to just put philosophies in a vacuum and explain complex concepts if you use a rhetorical islands full of entrepreneurs with no history attached. But to do that you have to begin without any historical context... After you read about history with all context and minutia, it is impossible to continue with this line of reasoning that denies the material conditions and reality that existed before a system is in place.
    After their revolution they went from the 6th -10th poorest country in the world (depending on the sources ) and got into a period of non-stop grown for more than 70 years to now the 2nd economy, some of those years they got double digit GDP grownth. They did that taking people out of poverty on the way. They are the reason poverty charts worldwide are on a downward trend all these years. They single handedly got more than 600 million people out of poverty. If compared to themselves historically decades prior, they are on the rise non-stop for more than half a century and getting better faster than any others in history.
    In the same timeframe American citizen lifespan just got shorter than a Cuba citizen just some years ago, meaning US have no tools to deal with inequality while at the same time telling others what to do. Economic Inequality is the name of the game for communism to tackle, they have all the tools to deal with it. That is the whole purpose of it...Of course they have taken economic inequality into account, is in the damn heart of the ideology. It is just that their plans are long run, very long, they are not years but decades long plans.
    They are providing infrastructure to west provinces exaclty for this motive. They build high speed transportation to Tibet and northenm areas like the gobi desert. They have plans to get desert and terraform them into solar eletricity farms. They also are transposing rivers to the north to transform desert land into farms.
    All these takes time and they are fully aware of these.

  • @OtonasKancleris
    @OtonasKancleris Před 22 dny +121

    I've been saying for years now that people can't wrap their minds around how high Bitcoin can go. Everyone is preaching caution right now which is interesting. The reality is that the demand is just getting started. Only a fraction of the asset managers have been buying. Plus Hong Kong has finally approved their ETF. Now there will be retail. Things are get really serious. Those of us who were still buying the week after the FTX crash are about to be rewarded. Central to this transformative shift is Linda Wilburn, whose profound comprehension of both cryptocurrency and traditional trading has played a crucial role. her comprehensive investment strategy and dedication to staying informed about market trends position she as an invaluable ally in navigating this new era of cryptocurrency investment...managed to grow a nest egg of around 3.4BTC to a decent 16B TC in the space of a few months..

    • @redeyesband
      @redeyesband Před 22 dny

      I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

    • @FabianCardinal
      @FabianCardinal Před 22 dny

      Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

    • @joelparkin
      @joelparkin Před 22 dny

      The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

    • @ElenaCanizales87
      @ElenaCanizales87 Před 22 dny

      It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.

    • @SimonPeterDomingo
      @SimonPeterDomingo Před 22 dny

      What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........

  • @wompa70
    @wompa70 Před 22 dny

    The GINI coefficient might be a good reference for populations at large but on the individual it's not even close to the whole story. I made $15K/year more at previous job but it was awful. If you figure the hourly rate between then and now I make a lot more now. I can survive a pay cut because I don't envy people with high income. I've never tried to keep up with the Joneses.

  • @jaamaan89
    @jaamaan89 Před 22 dny

    Frank should have been the one with all the money lol

  • @seabedsand
    @seabedsand Před 22 dny +5

    The richest people are on Wall Street, and the poorest are in tents on the neighboring streets of Wall Street

    • @gideonmele1556
      @gideonmele1556 Před 22 dny

      Nah mate, they’re a few neighborhoods down

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      ​@@gideonmele1556 prove it
      Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

  • @alihanaydogdu6158
    @alihanaydogdu6158 Před 22 dny +9

    CCP: We don't see this as a problem.

    • @unaihmg9352
      @unaihmg9352 Před 22 dny +3

      There main goal now is literally to solve this

  • @clintonfong1958
    @clintonfong1958 Před 20 dny

    It’s getting better

    • @yopyop3241
      @yopyop3241 Před 20 dny +1

      For Chinese who have learned English and who use VPNs to bypass the Great Firewall, it probably is. Much of the rest of the Chinese population is falling further and further behind with less and less hope of ever escaping conditions that would be classified as abject poverty in the advanced world.

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      ​@@yopyop3241Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

    • @yopyop3241
      @yopyop3241 Před 19 dny

      ⁠​⁠@@zacksmith5644Nobody takes official Chinese government numbers seriously. Even top CCP officials have publicly acknowledged official Chinese government numbers’ unreliability and lack of self-consistency. As an institution that is dependent on funding from world governments, including the Chinese government, the World Bank is forced to rely on official Chinese government numbers. As a result, no one takes World Bank numbers on China seriously. Garbage in, garbage out.
      To get a realistic view of the reality in China, you need to find independent metrics and analyses. The independent data set noted in the video puts China’s inequality at third worst in the world.
      China tries to pretend its inequality is on par with the US (which is already bad). Reality is that China’s inequality is far worse. Independent analysis puts Chinese inequality at third worst in the world.

  • @squirrelonmapletree
    @squirrelonmapletree Před 22 dny +1

    Kind of surprised that the public education seems not so enforced in the rural area, I thought they'd have strong efforts to fight illiteracy and what not based on what I heard about Communists countries during the Cold War era. I wonder what policies China is trying in an attempt to address economic inequality.

    • @gideonmele1556
      @gideonmele1556 Před 22 dny

      China is also seemingly allergic to unions and welfare which for a supposedly communist country is a bit odd

    • @geofflepper3207
      @geofflepper3207 Před 21 dnem

      ​@@gideonmele1556
      I imagine that things would not go well for North Korean workers who tried to go on strike.
      I also suspect that Stalin would not have been very tolerant of Soviet workers who went on strike.

    • @Luiri61
      @Luiri61 Před 21 dnem +4

      Good question, but you can only see video content like this on youtube, they don't offer solutions, they just point out problems and data, and although they handpicked some of them, there are still people like you who are curious.
      I can't even type some English words on this platform. But the illiteracy rate of China's 1.4 billion people is only 2.5%, and if you look only at the illiteracy rate of people under thirty, it is infinitely closer to zero.
      The reasons for the problem of economic inequality are many and varied, but you can wonder why you don't see homeless people in China.
      According to the West, the homeless are driven to the countryside.
      But as the author of this video says, China has the hukou system, which is based on houses, and basically whether you're the owner of a house, or children and spouses, you're registered on a form in the area where that house is located. So they're all people with houses.
      Economic support is a big one, but what I can tell you is that China has the village-to-village project, and 99% of the rural areas are connected to the road network, and if your house doesn't have electricity or water, the government will connect you to it. If you don't have a cell phone signal, you will even if you live alone at the top of a mountain, they will give you a cell tower. Of course even on Mount Everest you can see the signal towers built by the government. If you're a lonely old man in a rural area then you'll be included in the policy of the five guaranteed families. That's in addition to the old man's rural pension, and you'll get 90 USdollars a month. Then the government also guarantees that your house will be in good condition, that food and clothes will be delivered to you quarterly, that you will be able to go to the hospital for treatment, and that even if you die the government will help you get buried.
      You know, according to the Western media, there are still many people in China below the abject poverty line. Then, I conservatively estimate that perhaps only the same number of people as the population of the United States are below the abject poverty line. I don't know which country can achieve the above guarantees.
      One thing that youtube video writers always miss when analyzing problems is that China is on the land of the state, at least for now. All the land in the countryside is free for farmers to cultivate.
      China's guarantee of the minimum poverty line is very accurate. One has a house, land and all the infrastructure, as well as social security. Even if you work, what you want to eat, just pull it out of your own field. What else do you want? Another young wife? Then I might as well go to the countryside.

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      ​@@gideonmele1556Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      ​@@geofflepper3207prove it
      Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

  • @ArawnOfAnnwn
    @ArawnOfAnnwn Před 22 dny +6

    You can find these kinds of disparities all over the world. For instance, the east and west coasts of the US are much better off than the central states, so much so that they're literally known as 'flyover states' cos most folk just fly past them to get to either coastal region.

    • @SelfProclaimedEmperor
      @SelfProclaimedEmperor Před 22 dny +4

      Yes, but some one in a US "fly over state" is still 20 times richer than some one in rural China.

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Před 22 dny +4

      @@SelfProclaimedEmperor Obviously. The US is a richer nation as a whole. That's not saying much. You compare Americans with other Americans, just as this video does for Chinese. Else you may as well compare an Eritrean with a man from Monaco.

    • @shmilx
      @shmilx Před 22 dny +2

      @@ArawnOfAnnwn 6:09 compares both a Chinese urban area to a Chinese rural area and an American urban area to an American rural area. The gap in income is significantly better for rural Americans than rural Chinese (1:4 Manhattan:W.Virginia compared to 1:12 Gansu:Shanghai).

    • @OnlineEnglish-wl5rp
      @OnlineEnglish-wl5rp Před 22 dny +1

      Given that this channel covers numerous countries around the world what was it that motivated you to write that comment?

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Před 22 dny +1

      @@OnlineEnglish-wl5rp Not as much as its name implies. There's a rather heavy focus on China, Russia and Iran + Israel. And the US, which is portrayed more positively, whereas the other three are negative. No prize for guessing who most of its audience is.

  • @KJ-js7pi
    @KJ-js7pi Před 22 dny +10

    This is like London and the South East versus the rest of the UK.

    • @SelfProclaimedEmperor
      @SelfProclaimedEmperor Před 22 dny +7

      No. Some one in "the rest of the UK" is still 20X richer than some one in rural China

    • @aira4739
      @aira4739 Před 22 dny +4

      @@SelfProclaimedEmperor You are comparing China with developed countries. Then I can also compare China with poor countries such as Ethiopia!

    • @gerrardlee8879
      @gerrardlee8879 Před 22 dny +1

      If China is poor and incompetent, why is The West so afraid of them instead of minding its own business.

    • @ThatGuy-bz2in
      @ThatGuy-bz2in Před 22 dny +1

      @@aira4739 you seem to have missed the point. The OP was saying this was just like the UK. The guy you are replying to was point out that it is not. Similar trends exist in other countries, but China's issue is way, way worse.

    • @victorye7150
      @victorye7150 Před 21 dnem

      ​@@SelfProclaimedEmperor You forgot the fact that the cost of living in the UK is significantly higher than those of China.

  • @RJ-bq4ix
    @RJ-bq4ix Před 22 dny +1

    China should make a mega city in Xingang/Tibet region connecting surrounding countries like Nepal Pakistan Myanmar Bhutan Afghanistan in its economy If they do so their influence can never be rivaled by India even in that region

  • @bereal6590
    @bereal6590 Před 3 dny

    Imo you can tell what a nation, a people and it's leaders are about by looking and how they treat the poor vulnerable and sick

  • @mgronich948
    @mgronich948 Před 22 dny +3

    The Gini coef is actually not very good at measuring wealth inequality. But if you google the gini coef for US and China,
    you find that it's 0.46 for china and 0.47 for USA. Which is different than what's reported here. But it's widely recognized that the US has the greatest wealth inequality of any developed country.

    • @aazaaazaa
      @aazaaazaa Před 22 dny +1

      Yeah, even World Bank mentioned in the video shows different numbers

    • @yopyop3241
      @yopyop3241 Před 22 dny

      That’s the number based on China’s BS official data. Academic Research out of Peking University and referenced in the video has found that inequality in China is the third worst in the world, behind only South Africa and Namibia.

    • @user-ox9qq2yy9d
      @user-ox9qq2yy9d Před 22 dny

      有趣的是,由于美食文化的影响,家庭经常去餐厅吃饭或者购买昂贵食材的这种文化差异并没有被考虑进入基尼系数的计算考量之中。

    • @boarfaceswinejaw4516
      @boarfaceswinejaw4516 Před 22 dny

      They used numbers from the china family panel studies. a surveying group based in peking. so if their estimation is negative its probably far more telling than whatever numbers you scrounge up from google. sources are important.

    • @user-ox9qq2yy9d
      @user-ox9qq2yy9d Před 21 dnem

      @@boarfaceswinejaw4516 在搜索国内网站的结果之后,我发现国内的数字其实可能比这个报告的数字更大,但是国内的专家和网友对这个数据有很大意见分歧,并且由于中外差异实在太大,国内专家并不算认可基尼系数的判定方式,并认为基尼系数认定过于片面。需要注意的是,中国的土地是公有,农村其实不存在破产失地的情况。社会的快速发展产生了很多复杂的问题,有些问题并不是简单套用西方总结的定理能生搬硬套的。

  • @sagittariusann1220
    @sagittariusann1220 Před 21 dnem +2

    If you haven't actually been to western China, don't talk nonsense

  • @zsarimaxim692
    @zsarimaxim692 Před 22 dny +1

    Which year’s statistics are being used here? As of 2023 Chinese rural population is 477 millions not 900 millions, while is urban population reached 933 millions.

    • @anesumagoba1195
      @anesumagoba1195 Před 21 dnem +1

      what about if you exclude migrant workers from rural China, how large is the urban population?

    • @zsarimaxim692
      @zsarimaxim692 Před 21 dnem

      ​@@anesumagoba1195 There are 297 million migrant workers including short term agricultural labors. So, the number is still way off. Moreover, the income stated in the video clearly does not reflect those of the migrant workers.

  • @jonrolfson1686
    @jonrolfson1686 Před 22 dny

    1998 wants its second-tier news back. This old story has, as the cliché has it, been ‘overtaken by events.’

  • @ChoateGo
    @ChoateGo Před 22 dny +9

    some numbers are just wrong. china urbanization rate is 65%, not 30%. Also, farmers on some coastal provinces are super well off.

    • @brianliew5901
      @brianliew5901 Před 22 dny +2

      As usual, it's all pure BS. 😂😂😂😂

    • @user-yx3wu8vt2w
      @user-yx3wu8vt2w Před 22 dny +1

      Source ? Where did you get your intel from?

    • @ChoateGo
      @ChoateGo Před 22 dny

      @@user-yx3wu8vt2w just google it

    • @brianliew5901
      @brianliew5901 Před 22 dny

      @@user-yx3wu8vt2w The guy got it from the Lies and Propaganda dept.

    • @geofflepper3207
      @geofflepper3207 Před 21 dnem +1

      I think that he is saying that a huge number of people in Chinese cities may live there but have no status as citizens of the city and are officially citizens of rural areas without the same rights as other people living in cities and that they tend to be poorer than other people living in cities.
      So at times he is grouping rural people who migrated to the cities with rural people who stayed in rural areas.

  • @nukeplatine
    @nukeplatine Před 22 dny +10

    Ah the wonders of communism

    • @Abdullah_the_Palestinian
      @Abdullah_the_Palestinian Před 22 dny

      China is as communist as the US is

    • @TheTfrules
      @TheTfrules Před 22 dny

      Communism with Chinese characteristics

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      Agreed
      Wonders of communism
      Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      ​@@TheTfrules communism with chinese characteristics = no 1 economy

    • @zacksmith5644
      @zacksmith5644 Před 20 dny

      Communism china = no 1 economy
      Capitalist usa = no 2 economy

  • @flowertowerrr
    @flowertowerrr Před 22 dny +1

    wow physics also works the same in China??

  • @ProudTurkroach
    @ProudTurkroach Před 22 dny +1

    I think you should make a video on India's takeover of chabahar port and its impact on regional geopolitics

  • @KiddDanny
    @KiddDanny Před 22 dny +34

    From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

    • @VillanuevaAldanel
      @VillanuevaAldanel Před 22 dny

      Please educate me, i'm willing to make consultations to improve my situation,

    • @KiddDanny
      @KiddDanny Před 22 dny

      Christen wilburn. understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

    • @EchoSandra
      @EchoSandra Před 22 dny

      She's recognized as 'Mrs Christen. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

    • @VillanuevaAldanel
      @VillanuevaAldanel Před 22 dny

      Please how do I find this financial counselor?

    • @VillanuevaAldanel
      @VillanuevaAldanel Před 22 dny

      I'd love to know this mentor of yours

  • @kylorokx1552
    @kylorokx1552 Před 22 dny +30

    CCP's greatest problem is itself.

    • @CC-lq8st
      @CC-lq8st Před 22 dny +8

      they seem to be doing well to get all this hate and jealousy from Western countries lol

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      Jealousy

  • @theawesomeman9821
    @theawesomeman9821 Před 21 dnem +1

    "All are equal but some are more equal than others," -Animal Farm

    • @zacksmith5644
      @zacksmith5644 Před 20 dny +1

      In China everyone is equal
      In usa : your skin color makes u equal

  • @musicplus6306
    @musicplus6306 Před 19 dny

    Imo the most important thing is to invest in education and every infrastructure related to it. As with education and skill fullness, and as history showed us, civilizations will thrive especially today considering (a part from russia and israhell) no one wants to conquer no one

  • @joseallanguerrero92
    @joseallanguerrero92 Před 22 dny +5

    And despite that issue, China is still a lot richer than India. I compare the 2 countries because they have the same population

    • @ProudTurkroach
      @ProudTurkroach Před 22 dny +3

      China had a visionary leader in 1970s
      India found one in 2014
      They had over 4 decades of headstart

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      ​@@ProudTurkroachBased on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

  • @LizardSpork
    @LizardSpork Před 22 dny +30

    Now watch the comments get filled with hundreds of comments like "...but what about the homeless people in America?!"

    • @Jin-om5jz
      @Jin-om5jz Před 22 dny +6

      Already happening lol

    • @brianliew5901
      @brianliew5901 Před 22 dny

      Yeah, what about the homeless, derelicts, junkies, mentally ill and zombies of America? 🤔🤔🤔

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Před 22 dny +12

      What you should be asking instead is why China gets singled out for vids like this, when it's a phenomenon seen all over the world. And the answer isn't flattering of the channel, or comments that defend it - because it farms them views. It's basically the same kind of thinking that leads channels to employ clickbait.

    • @brianliew5901
      @brianliew5901 Před 22 dny

      Stupid comment.

    • @Jin-om5jz
      @Jin-om5jz Před 22 dny +6

      @@ArawnOfAnnwn A LOT of countries get called out in a similar vein. Chinese shills have no issue happily dogpiling on with derogatory comments when it's about another country, but get super butthurt and sensitive about it when it's China.

  • @jojoknight
    @jojoknight Před 21 dnem +1

    How is Namibia a large economy?

  • @LCCWPresents
    @LCCWPresents Před 22 dny

    This is a geographical problem that a lot PF coutries have.

  • @hr-g4640
    @hr-g4640 Před 22 dny +3

    you do realize 90% of the country lives in the green area and that the "poor" red area is poor in the same way Maine and other mid western states are "poor", they simply don't have a lot of people to make the economy of that region big

    • @adrianthoroughgood1191
      @adrianthoroughgood1191 Před 21 dnem

      They are not comparing the size of the economy in each province. They are comparing the average income per person. The same is true in the US. When area is described as poor the people in it really are poor. It does not just mean low population.

    • @davidk.d.7591
      @davidk.d.7591 Před 20 dny

      ​@@adrianthoroughgood1191it's a bit harder to create a wealthy economy with sparce population though. At least when you don't have loads of oil and gas

  • @clintonfong1958
    @clintonfong1958 Před 20 dny +4

    This guy sure knows a lot about China. I hope he visits there before.

    • @monkeeseemonkeedoo3745
      @monkeeseemonkeedoo3745 Před 20 dny

      What do you think of Hukou?

    • @zacksmith5644
      @zacksmith5644 Před 19 dny

      ​@@monkeeseemonkeedoo3745Based on your picture, went to the World Bank
      official website to check the results: Netherlands
      26, Russia 36, United States 39.8, Turkey 41.9,
      South Africa 63, all correct; but the World Bank
      official website shows China 37.1, why did you
      change China to 46 here?
      Why is usa above china in economic inequality

  • @catinbootsnow4267
    @catinbootsnow4267 Před 22 dny +2

    The data is too obsolete to support the narrative.
    Work harder.

  • @shzarmai
    @shzarmai Před 21 dnem +1

    China really needs to invest more in rural development then

  • @FredSveru.
    @FredSveru. Před 22 dny +8

    In my view, it seems that the government prefers to keep the eastern cities from prospering as it benefits from the availability of inexpensive labor in the manufacturing sector. They specifically target workers from that region to avoid encountering challenges similar to those in Europe, where the influx of individuals from a particular religious background has led to tensions within the LGBTQ community without significant contributions to European manufacturing

    • @marcussver620
      @marcussver620 Před 22 dny

      I agree with your opinion❤

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Před 22 dny +1

      China is literally one of the most automated / roboticized economies in the world. First in terms of robots total and even fifth in terms of robots per worker, despite its huge population. They aren't intending to rely on cheap labor forever.

  • @alwaysdecember9758
    @alwaysdecember9758 Před 22 dny +3

    Even their richer regions are now struggling

  • @mabus7367
    @mabus7367 Před 21 dnem

    so how many year need to liverpool worker to buy london main street house?. maybe there ,rich russian already have the london city. many province has many standard income and cost of living.

  • @PrideWang
    @PrideWang Před 22 dny

    Based on your picture, I went to the World Bank official website to check the results: Netherlands 26, Russia 36, ​​United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here?

    • @karlsussan8454
      @karlsussan8454 Před 21 dnem

      That data for China on the World Bank website was from 2020...

    • @PrideWang
      @PrideWang Před 21 dnem

      @@karlsussan8454 Aren’t the data from other countries for 2020?

    • @karlsussan8454
      @karlsussan8454 Před 21 dnem +1

      @@PrideWang yes most of the rankings are old in the World Bank study, which is why I wouldn't use them. A lot has changed since 2020, especially in China. China's economy suffered from the covid lockdowns, foreign divestment, and its real estate sector is in free fall. People at the bottom always get hurt the most so when a country's economy downturns and thus economic inequality widens. Most of the world saw an increase in inequality between 2020 and now, but in China I can imagine that the gap widened enough that China fell through the rankings hence its farther down the inequality ladder than other countries.

  • @igoryegin9531
    @igoryegin9531 Před 22 dny +9

    The thumbnail map is MISLEADING. Heilongjiang is one of the most economically deprived provinces of China
    P.S. maybe not as poor as, say, Tibet, but still pretty damn poor

    • @brianliew5901
      @brianliew5901 Před 22 dny +1

      Heilongjiang Province is not in China Proper as China Proper consists of 18 provinces only.

    • @igoryegin9531
      @igoryegin9531 Před 22 dny

      @@brianliew5901 you're right, my bad

    • @aira4739
      @aira4739 Před 22 dny +2

      Jilin also deprived but only economically. But both of provinces are relatively good when measured by HDI scoring more than 0.74

    • @venanziadorromatagni1641
      @venanziadorromatagni1641 Před 22 dny

      @@brianliew5901I’m sorry I must have missed when he said that they’re only doing a ‘China proper’ comparison. Do you have a timestamp?

    • @igoryegin9531
      @igoryegin9531 Před 22 dny +1

      @@venanziadorromatagni1641 I edited the comment after @brianliew5901 pointed it out to me