Ironically many my American friends rounds me keep asking me “ I heard China bank will going to collapse, China real estate will be gone etc “ , this happened many times , I keeps explaining China has different systems and all major banks are belong to public, the government won’t allow it happens
Actually you can convinced them by making small bets with them Like maybe 10 dollars Each year the Chinese banks survives They will pay you 10 dollars lol Or maybe ask for something higher so they will remember you better 🤣
Thank you very much for this video. After watching a whole line of videos trashing China, and tons of comments trashing China, this one is a very interesting breath of fresh air. Thank you and good luck in your PhD studies 👍👍
There are two things I often find ridiculous in the banking system. 1) They always ask for collateral for loans. If I have many assets, what the heck I need loans for? LOL 2) New start ups are expected to make monies as soon as they hit the road. Shareholders expect high profits every year. Start ups take up to mature to be strong and financially sound. It is unrealistic to expect high profits every year. So long the trajectory is upwards, and on the average positive growth it would be desirable. I don't think USA will collapse. But if you listen to Ray Dalio (one of those rich dudes I respect), the signs of a crumbling empire is internal strife. Look like the Americans are tearing themselves apart.
Totally agreed with your views. However, I do not expect an foreigner like you who can boldly talk about the failure of foreign countries. Usually, foreigners are very proud of their countries and achievements
@livinlavidaluke what is there to be proud off in the UK? I ask because I live in the UK and have lost hope with the Tories and how they are running the Country to the ground.
@@livinlavidaluke Why are you proud of UK? It is conquerer of Asian/India/Africa and brought opium to China. You are maybe brainwashed by your government.
Well said young man (*dammit... I'm old....😫).... unfortunately for many countries in SE asia, their economy are hitched to the failing yankee economy.....just look at the interest rates in these countries....its trending up in tandem with us fed rates!
even many American citizens not trust their gov, citizens take away their money from small banks and put at larger banks. As a result, small banks are in trouble now 0.0
The derivative market for the top four USA banks are TWENTY times the bank capitalization. In china the derivative market for the top four chinese banks are around 17%. In other words the USA financial leeches are TWENTY times the size of the dog
@@livinlavidaluke in the United States, if we have any medical conditions, we'll come to the streets!! in the United States, if we go out after 8pm, we'll get mugged!! in the United States, if we send our children to school, they'll get **** ****!!
When u hv d power to print money, why would u need to b responsible…? Printing money erodes d moral fibre, little by little. Absolute power corrupts absolutely. Little by little…
US is still not out of their economic trouble, The US debt is already reach it sealing and if the government shutdown happened (unless the max debt seal is creased again) and people are worried then doing bank rush it will make a perfect storm.
鹿可 is right. But what's being totally ignored are the escalation of Ukraine war & subsequent sanctions against Russia fueling the inflation crisis. The US economy is now addicted to ultra-low interest rates bcos of past decade of massive public + private debt fueled + money printing growth & the Fed is walking an ultra-thin tightrope suddenly raising rates 5x to combat inflation while avoiding triggering problems like the bank collapses & a deep recession.
@4:34 Hahahha, I enjoy seeing a Brit saying Britain "does anything the US does and say". When did you find out? 😂 I thought all Brits are oblivious to that fact. Please remind Liz Truss and Richie Sunak not to talk BIG.
This is unrelated to the economy, but I feel like people here in the US are becoming more sociopathic as times goes on. I swear that it has gotten worse since the pandemic started, more people are starting hate each other more than before, and also now people are trusting the government and each other even less, and Republicans I feel like are trusting the police less and less too(Republicans have always been pro Police, but recently I feel like they are trusting the cops less). Unhappiness here in the US is growing, too I feel like. Whenever I go out to do things, I look around and I can just feel the unhappiness in people, and they just look like they are in a bad mood all the time. I use to look at people and smile, now I just walk pass them and do nothing. I'm actually starting to become unhappy, as well. I think that I have become a little more sociopathic since the pandemic. Ah well, whatever.
Yeah thats what i thought at the time - it would be easier, but i wanted to try a challenge whilst im young, and was fascinated by the culture difference. I always wanted to go to the US for work, but now i plan to stay here
@@livinlavidaluke wise choice. I am a Chinese American born in Guangzhou, and raised in USA. USA is really messed up inside out but their media just project their problems onto other scapegoat nations, so you chose wisely.
Career/Cost/Safety ect. Alot of reasons why young people dont immigrate to the US, largely because cost of living in anywhere remotely safe and comfortable is sky high, good luck affording an apartment in sanfran or LA if you're doing your tech PHD and not being in a ghetto where you run the risk of getting mugged or shot.
In fact, China and the United States should learn from each other. The United States is still the most technologically advanced country in the world, and China still needs to learn from the United States. China is still lagging behind in many aspects, we still need to continue to work hard
But what about revolutionary ai startups?Us,Europe ie wests own deepai,OpenAI etc companies and they are making the path of how ai will be used in future.Whereas we dont see any creative ai startup from china who can build up pioneering techs(like chatgpt)though they are producing most ai technology. Can you give an unbias opinion on this?and what are the leading startups from china who can be in battle with these us based startups? Thanks a lot for reading my comment♥️
Just last week, China announced that there would have at least 20 chatgpt like Chinese apps open to the market soon. Many universities and big tech companies like Huawei, Tencent and Alibaba all have developed their own version of Chatgpt apps, and their initial tests showed that their apps are at least on a par or ever better than the US Chatgpt.
Yes, at least the US affords you the right to choose if you want to leave the US. Inquire there in China how many people are afforded the same opportunity to leave China.
China still behind in terms of microchip development, America already controls TSMC & ASML and they started divesting from Taiwan to safeguard their Silicon IP and supply chains in case China decides to invade. In US they are trying to engineer a recession as their employment rates are too high, and inflation is too much, people are spending too much and Wall St. are not happy with the rising interest rates waiting for mass firings, so far it's the mainly big tech industries that have fired loads of people. Unfortunately in America the banks get bailed out but not the ordinary people, if their political system wasn't so corrupt they stuck to their capitalist ideology then banks should been left to fail too.
USA is a thief! Has to steal Taiwan’s microchip and ship-building companies in order to keep up with Taiwan’s and other Asian countries’s microchip technology! But, as usual, even with such thefts, the US will fail simply because it is a corrupt country run by corrupt corporate criminal organizations own by the rich elitists! These rich elitists make up less than half of 1% of the population but own 65% of the country’s wealth! While they have billions to invest in off-shore accounts the rest of the country live paycheck to paycheck! Such a system won’t last long and so it will crumble! Too top-heavy it shall topple over!
UAss only make 10% of chip while China produce 30% so how Amerikkka is ahead of China in chip industry, rest of eastern Asian countries make majority of advance chip.
@9:25 UK can help America out. Or Australia. Or Canada ... Japan? South Korea? Philippines? Poland? After all, they are best friends. That's what friends are for. 😂
Two small California banks failed not big. They failed because they loaned out 99.9% of their money and the FDIC took them over. Dude I like you channel but you are no banking expert.
Well, I'm sitting here in the US. I can tell you that A) the bank collapses aren't going to cause a great recession 2.0, B) people are still living their lives here, and C) many, many more Chinese people are still moving themselves, their capital, and their families from their country than there are Americans fleeing the US. You're going on a rant about banking and finance on the one hand. On the other hand, I doubt that you would also give up the benefits of such a banking system under the dollar that facilitates the global transfer of goods and services among hundreds of countries. Financial downturns used to be far more severe, protracted, and consequential than they have been over the past 50-100 years. Keep in mind that developing a technology, product, or service is much different from meaningfully scaling it in a market. How many Chinese people with low levels of disposable income are actually going to have the cash to buy ultra-sophisticated next-generation products in development? The current answer in current market conditions is not going to change in ten years: Not many. Also, since you mentioned journal article output, in my academic discipline, the PRC is by far the biggest offender when it comes to journal article retractions. I also wonder how Chinese hospitals even provide meaningful healthcare to patients. Some of these articles indicate that 1) GPs see a hundred patients a day and 2) researchers are able to recruit thousands of patients in a month for primary data collection. How is any of this done ethically or meaningfully? Does this explain why I hear about things like Chinese doctors prescribing antibiotics for broken bones? I'm sorry you drank the Kool-Aid over there, but good luck.
Either a delusional American or a govt shrill. Spouting "assertions" without any basis nor factual background. It is like Blinken saying "Russia is aggressive and should be punished, right after USA went and invaded Iraq, killing over a million Iraqis. Occupied Afghanistan, destroyed the country and killed over a million Afghanis. So typical, loaded with hypocrisy and delusional moral bullcrap.
I think the threat of being randomly shot and kill on a daily basis by some mad gun touting idiots is reason enough not to live in the US. not to mention most people can’t afford medical expenses in the US.
You are way off. China had a few bank collapses in the last few years that make the SVB collapse look like a walk in the park. A bank collapse does not always foretell an economic recession.
A young man like you to understand the fact of the US is very unusual! Thanks to share your thoughts!
I appreciate that!
He’s going to be a PhD in AI, so that’s a given. He’s however open minded and willing to sort through the bigotry.
.
Being a Ph.D student in A.I. In China, you are in the right country and the world is your oyster.
Wish UK has more people smart like you.
I won't moved to the US because I would don't want to live in fear of getting shot by someone crazy with a gun. 😢
Exactly. 😅
Love your enthusiastic videos. You speak with a lot of passion. China sure seems like the better bet for the future.
It does!
China is for peace and shared economical growth for all. USA is for wars, division, and self interest.
always good to see you around❤
Well stated. And I agree 100 percent with you.
Your views are spot on. China hasn't opened up to the world as much, but when it does, the world will be pleasantly surprised.
China hasn't opened up to the world? Which rock are you living in? Ever heard of BRI the new silk road, the BRICS+ alliance, etc?
Øk Sajjad Ahmed •
My American son has lived in China for over a decade. He is a teacher at a International school in Xi’an.
it's been a great city for more than 2000 years
How is he finding life in China?
Thats nice to hear(Im lived in Xi"an for years (I am chinese)
@@LW78321 he loves his life in China.
His friends and coworkers are from all over the world.
He is married to a Chinese woman.
In China we have a saying that you should go visiting XiAn If you want to know the thousands year’s Chinese history
Smart boy. Should be prime minister of uk. Uk needs smart people like you
❤❤❤❤❤❤
not sure i'd be any good hahha;)
You can't be PM, for the simple is that you must be hostile to China and serves American interest as and when required.
Ironically many my American friends rounds me keep asking me “ I heard China bank will going to collapse, China real estate will be gone etc “ , this happened many times , I keeps explaining China has different systems and all major banks are belong to public, the government won’t allow it happens
Actually you can convinced them by making small bets with them
Like maybe 10 dollars
Each year the Chinese banks survives
They will pay you 10 dollars lol
Or maybe ask for something higher so they will remember you better 🤣
damn thats a new way to earn money lol
Kai-Fu Lee's books on ai are fantastic. China is without a doubt the future.
oh, not read them
I believe Kai Fu Lee has returned to China to work.
Thanks for doing this video! I’m going to study in Nanjing soon>
Have fun!
Thank you very much for this video.
After watching a whole line of videos trashing China, and tons of comments trashing China, this one is a very interesting breath of fresh air.
Thank you and good luck in your PhD studies 👍👍
China Songs Collection •
There are two things I often find ridiculous in the banking system. 1) They always ask for collateral for loans. If I have many assets, what the heck I need loans for? LOL 2) New start ups are expected to make monies as soon as they hit the road. Shareholders expect high profits every year. Start ups take up to mature to be strong and financially sound. It is unrealistic to expect high profits every year. So long the trajectory is upwards, and on the average positive growth it would be desirable. I don't think USA will collapse. But if you listen to Ray Dalio (one of those rich dudes I respect), the signs of a crumbling empire is internal strife. Look like the Americans are tearing themselves apart.
Totally agreed with your views. However, I do not expect an foreigner like you who can boldly talk about the failure of foreign countries. Usually, foreigners are very proud of their countries and achievements
I’m proud of the UK, but not of US!😉
I’m not proud of US nor UK
@livinlavidaluke what is there to be proud off in the UK? I ask because I live in the UK and have lost hope with the Tories and how they are running the Country to the ground.
@@livinlavidaluke Why are you proud of UK? It is conquerer of Asian/India/Africa and brought opium to China. You are maybe brainwashed by your government.
You are so knowledgeable on this topic ....Good for you...youvfuture is assured in China..
I agree with everything you said, it's amazing
Well said young man (*dammit... I'm old....😫).... unfortunately for many countries in SE asia, their economy are hitched to the failing yankee economy.....just look at the interest rates in these countries....its trending up in tandem with us fed rates!
Thanks for your analysis.
My pleasure!
Clever choice
Thanks for your insights and I love your content
even many American citizens not trust their gov, citizens take away their money from small banks and put at larger banks. As a result, small banks are in trouble now 0.0
The derivative market for the top four USA banks are TWENTY times the bank capitalization.
In china the derivative market for the top four chinese banks are around 17%.
In other words the USA financial leeches are TWENTY times the size of the dog
We are living in Shanghai too, glad to see you’re enjoying it here! Keep it up 👍🏻
我也在上海:)
In the United States, you may lose your money or your life anytime, anywhere.😂
i'll stay clear then!!
@@livinlavidaluke in the United States, if we have any medical conditions, we'll come to the streets!!
in the United States, if we go out after 8pm, we'll get mugged!!
in the United States, if we send our children to school, they'll get **** ****!!
When u hv d power to print money, why would u need to b responsible…?
Printing money erodes d moral fibre, little by little.
Absolute power corrupts absolutely. Little by little…
Great video and profound knowledge sharing
I can not agree more.
美国建国初期有很好的架构，在一定约束下尽可能的市场化，但美国现在的最大问题是没有在这两百多年里修正核心架构，当然它的确在不断的完善细节，这世界没有完美的制度，需要根据变化而不断的修正
“美国建国初期有很好的架构” 你幻想的太多了。
三皇五帝时期，人人善良。 异曲同工之妙。
Nice Video !
No you won't want to move to US because you are smart.
Thanks so much for sharing your views Luke!!! You are very intelligent and observative👍👍👍👏👏👏
US is still not out of their economic trouble, The US debt is already reach it sealing and if the government shutdown happened (unless the max debt seal is creased again) and people are worried then doing bank rush it will make a perfect storm.
politicians are crazy
It’s now 3 banks, Republic Bank just failed this weekend
I agree.
good choice
Good video
Thanks alvin
PS I love your informal videos💐 I would like to know your advice - is Chinese food safe?
鹿可 is right. But what's being totally ignored are the escalation of Ukraine war & subsequent sanctions against Russia fueling the inflation crisis. The US economy is now addicted to ultra-low interest rates bcos of past decade of massive public + private debt fueled + money printing growth & the Fed is walking an ultra-thin tightrope suddenly raising rates 5x to combat inflation while avoiding triggering problems like the bank collapses & a deep recession.
Hope your prediction comes true
I’m tired ass to write long ass comments but I do later if I have time
When you start thinking about these complicated issues, your hair starts to thin out. Please protect the scenery on your head
Too late for that it seems…woops
You talked more like a financial analyst than an AI scholar.
it's all about pattern analysis
is that bad lol
Haha I was going to say the same thing! He has so much knowledge on the economy and finances, I almost forgot he was doing a phd in AI
Well AI can also be applied in finance, can't it?
@4:34 Hahahha, I enjoy seeing a Brit saying Britain "does anything the US does and say". When did you find out? 😂 I thought all Brits are oblivious to that fact. Please remind Liz Truss and Richie Sunak not to talk BIG.
👍🏻👍🏻👍🏻👍🏻👍🏻
well done
This is unrelated to the economy, but I feel like people here in the US are becoming more sociopathic as times goes on. I swear that it has gotten worse since the pandemic started, more people are starting hate each other more than before, and also now people are trusting the government and each other even less, and Republicans I feel like are trusting the police less and less too(Republicans have always been pro Police, but recently I feel like they are trusting the cops less). Unhappiness here in the US is growing, too I feel like. Whenever I go out to do things, I look around and I can just feel the unhappiness in people, and they just look like they are in a bad mood all the time. I use to look at people and smile, now I just walk pass them and do nothing. I'm actually starting to become unhappy, as well. I think that I have become a little more sociopathic since the pandemic. Ah well, whatever.
I agree
Still...culturally, language-wise, the US would have been an easier choice. Why choose China? Surely there must have been another reason or reasons.
Yeah thats what i thought at the time - it would be easier, but i wanted to try a challenge whilst im young, and was fascinated by the culture difference. I always wanted to go to the US for work, but now i plan to stay here
@@livinlavidaluke wise choice. I am a Chinese American born in Guangzhou, and raised in USA. USA is really messed up inside out but their media just project their problems onto other scapegoat nations, so you chose wisely.
Don't wanna get shot in the face is reason enough for anyone.
Career/Cost/Safety ect.
Alot of reasons why young people dont immigrate to the US, largely because cost of living in anywhere remotely safe and comfortable is sky high, good luck affording an apartment in sanfran or LA if you're doing your tech PHD and not being in a ghetto where you run the risk of getting mugged or shot.
In fact, China and the United States should learn from each other. The United States is still the most technologically advanced country in the world, and China still needs to learn from the United States. China is still lagging behind in many aspects, we still need to continue to work hard
But what about revolutionary ai startups?Us,Europe ie wests own deepai,OpenAI etc companies and they are making the path of how ai will be used in future.Whereas we dont see any creative ai startup from china who can build up pioneering techs(like chatgpt)though they are producing most ai technology.
Can you give an unbias opinion on this?and what are the leading startups from china who can be in battle with these us based startups?
Thanks a lot for reading my comment♥️
Just last week, China announced that there would have at least 20 chatgpt like Chinese apps open to the market soon. Many universities and big tech companies like Huawei, Tencent and Alibaba all have developed their own version of Chatgpt apps, and their initial tests showed that their apps are at least on a par or ever better than the US Chatgpt.
Yes, at least the US affords you the right to choose if you want to leave the US. Inquire there in China how many people are afforded the same opportunity to leave China.
Why? Coz you are smart😂
China still behind in terms of microchip development, America already controls TSMC & ASML and they started divesting from Taiwan to safeguard their Silicon IP and supply chains in case China decides to invade. In US they are trying to engineer a recession as their employment rates are too high, and inflation is too much, people are spending too much and Wall St. are not happy with the rising interest rates waiting for mass firings, so far it's the mainly big tech industries that have fired loads of people. Unfortunately in America the banks get bailed out but not the ordinary people, if their political system wasn't so corrupt they stuck to their capitalist ideology then banks should been left to fail too.
USA is a thief! Has to steal Taiwan’s microchip and ship-building companies in order to keep up with Taiwan’s and other Asian countries’s microchip technology! But, as usual, even with such thefts, the US will fail simply because it is a corrupt country run by corrupt corporate criminal organizations own by the rich elitists! These rich elitists make up less than half of 1% of the population but own 65% of the country’s wealth! While they have billions to invest in off-shore accounts the rest of the country live paycheck to paycheck! Such a system won’t last long and so it will crumble! Too top-heavy it shall topple over!
UAss only make 10% of chip while China produce 30% so how Amerikkka is ahead of China in chip industry, rest of eastern Asian countries make majority of advance chip.
👍👍👍
mate brings your vlog to jinritoutiao, your stuff not suit for that little red book
Stay there
Good idea
Thanks to….America🎉 😂😂😂😂
ok, subscribed. Let's see how well you can do in China..lol
Cutie smartie
some AI thinking in staying in China
Stay whit your people dude.
Dont be a coward.
What do you mean "your people"? Who's the coward?!
What a clown comment
@9:25 UK can help America out. Or Australia. Or Canada ... Japan? South Korea? Philippines? Poland? After all, they are best friends. That's what friends are for. 😂
哈哈哈，加油。祝你在中国学业有成。找个中国女朋友，在中国安家立业！中国人民欢迎你！
英国人也会有美国梦吗😂
关注很久了，粉丝数也没涨，看来商业炒作是很厉害的。
油管不给说中国好话的推送，见怪不怪了。
你应该懂两个字“限流”
🇺🇸 😠
Two small California banks failed not big.
They failed because they loaned out 99.9% of their money and the FDIC took them over.
Dude I like you channel but you are no banking expert.
you dont sound american
Oh….that’s a shame
我们不说政治正确，你去中国旅游一次，我100%确定，你会得到新的答案！！！顺便去一下新疆，看看他跟你们的媒体，有什么不同！亲身经历一下
Well, I'm sitting here in the US. I can tell you that A) the bank collapses aren't going to cause a great recession 2.0, B) people are still living their lives here, and C) many, many more Chinese people are still moving themselves, their capital, and their families from their country than there are Americans fleeing the US.
You're going on a rant about banking and finance on the one hand. On the other hand, I doubt that you would also give up the benefits of such a banking system under the dollar that facilitates the global transfer of goods and services among hundreds of countries. Financial downturns used to be far more severe, protracted, and consequential than they have been over the past 50-100 years.
Keep in mind that developing a technology, product, or service is much different from meaningfully scaling it in a market. How many Chinese people with low levels of disposable income are actually going to have the cash to buy ultra-sophisticated next-generation products in development? The current answer in current market conditions is not going to change in ten years: Not many.
Also, since you mentioned journal article output, in my academic discipline, the PRC is by far the biggest offender when it comes to journal article retractions. I also wonder how Chinese hospitals even provide meaningful healthcare to patients. Some of these articles indicate that 1) GPs see a hundred patients a day and 2) researchers are able to recruit thousands of patients in a month for primary data collection. How is any of this done ethically or meaningfully? Does this explain why I hear about things like Chinese doctors prescribing antibiotics for broken bones?
I'm sorry you drank the Kool-Aid over there, but good luck.
Either a delusional American or a govt shrill. Spouting "assertions" without any basis nor factual background. It is like Blinken saying "Russia is aggressive and should be punished, right after USA went and invaded Iraq, killing over a million Iraqis. Occupied Afghanistan, destroyed the country and killed over a million Afghanis. So typical, loaded with hypocrisy and delusional moral bullcrap.
A dying empire always has some stupid person to defend its dimming glory. Die with your empire as you can't fit in the new world.
I think the threat of being randomly shot and kill on a daily basis by some mad gun touting idiots is reason enough not to live in the US. not to mention most people can’t afford medical expenses in the US.
The US is DECOMPOSING 😂😂😂The US is finished !
LOL What a typical American ignorant comment.
" in my academic discipline.."
I can tell, it must be Contemporary Art.
You are way off. China had a few bank collapses in the last few years that make the SVB collapse look like a walk in the park. A bank collapse does not always foretell an economic recession.
I never said SVB collapsing will cause a recession, i said the American system will cause one eventually.
USA is good to do business make your $$$ but not good for investment long term or family
stick to your area of expertise. if you want to know what's going on i this regard i suggest you read micahel hudson.
Welcome, China needs a large number of talents and more truthful reporting