China's Economic Comeback Story
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- čas přidán 23. 05. 2024
- Henry McVey, KKR Head of Global Macro, Balance Sheet, and Risk Team and CIO of KKR Balance Sheet has been to China four times in the last five quarters and sees opportunities in its domestic economy.
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Growing at 5.1% is slow, at 1.5% is fast
🤣🤣🤣👍🏻
The 5.1% is probably inaccurate and the actual figure is lower.
@@GonzoTehGreat So what are the US and the West worried about?🤣🤣
@@Argus-ut8gi What a silly question...
@@GonzoTehGreat Since China is so weak. So why are you howling about all day?
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.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
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Gordon Chang: China's been collapsing for the past three decades.
Or, maybe reverse collapsing. I think Gordon's being ironic.
Brezhnev:
- Comrades! Lenin has opened our eyes!
-Our eyes too.... a little bit (squinting is also customary)
The original in Russian is:
- Товарищи! Ленин открыл нам глаза!
- И нам ... цуть цуть/ (А нам не оцень...)
@@andysk5438
You disagree, and you bring out all your racist cariatures. This is why America rot.
Gordon probably works for CCP, double bluff.
尬不尬@@andysk5438
Gordon Chang in 2010 : China is collapsing
Gordon Chang in 2024 : China is Collapsing
Meanwhile….US is self destructing
will u sacrifice ur human rights for the promise of wealth?
The same Bloomberg media reported that China collapsed months ago. So now what!!! China still collapsing?? 😂
Over capacity for green technology is such a joke. The people want cheap solar. Only greedy west wants to hold up the price.
Over capacity in solar is rubbish, fact is we can't get enough.
Per Gordon Chang, China collapsed every year! 😂
2:06 "over capacity" in renewable and green tech is a good thing for humanity, but it upsets the establishment that relies on the patrol dollar to maintain its wealth and hegemony.
One of the very few objective, neutral, and fair-minded reports of China's economy! We need many more of this type of journalism. The US should get out of the ideological quagmire we are in, because otherwise it will only hurt us and then brings others down as well.
What quagmire? I thought western businesses were leaving China because of their unstable rhetoric with Hong Kong and Jack ma and Taiwan.
Isnt china collasping yesterday??
Maybe He has invested in china.
@@Dr.Kraig_Ren I hope Inddians wash feet after eating singapore banned curry and wash left hand after wiping sh it
China already collapsed long time age and are now in the 22 nd century 😅
900m chinese ppl （65% population) make less than 300 USD per month. Purchasing power cant support the domestic market after overinvestment in real estate and infrastructure. China really relies on exports to EU JP US but it's no longer easy. Steer clear from China is the best strategy unless you can wait for 10years for significant return, or none.
@@TaiwanNationStatusQuo BS
Do you see any problems with overproduction of weapons in the United States?🤣
US has over capacity of printing dollar
i know this is a joke but US doesn't really have overcapacity on weapons, in fact, US cannot fulfill order quickly enough for artillery shells or naval shipbuilding. US in under invest in lots of areas, while printing a lot dollars. this is unsustainable.
Mr. McVey is very balanced. China is made up of several different micro-economies. If you isolate these they are booming. For instance. The greater Bay Area for one and the Chengdu / Chongqing consolidated region to name two of them. This type of economic regions have gross domestic products bigger than say the United Kingdom on one hand, and Canada on the other. Breaking up, China into developed and developing regions is quite necessary in order to fully understand the idea of common prosperity and a dual circulation unified market fueled by hukou relaxation and renewed urbanization.
我认为你的分析很正确，中国从十几年前就开始，长三角经济区，粤港澳经济区。京津区经济区。最近几年更加的大力发展这些经济区。通过地铁把不同的省份连接到一起
I'm glad he mentioned hukou, which is traditionally a primary reason for families to buy property (especially cross-city). For those who haven't heard the word, it's actually pronounced "hoo-koh." When you buy a qualifying apartment, you get a hukou which can send kids to school and give you other quality of life benefits.
I think what they're doing is giving out more hukous by relaxing the criteria for buying (such as how long you've been paying taxes in the area). But I think it also means that areas that used to not require buying a house for hukou (like where I live) might start requiring it--at least that's what would be in their best interest.
Thank you Gordon, you've done a wonderful job, please keep fooling the americans, lol.
Perhaps is time to rethink our position in Asian, leaving political drama aside growth is the focus and finding new partners is always a positive.
The best analysis about China from US media i saw in months, kudos to Henry
We should have more such balanced interview. Good work Bloomberg
A breadth of fresh air from all the bad mouthing. 😂
China wumao spotted (only state propaganda uses the term “bad mouthing”)
Also bloomberg's next podcast : China's economy takes another nosedive.
Gordan Chang once quoted, China will not dump the US $. He's so wrong, dumping the US $ is the best thing China has done so far 😂😂😂😂
if you hear what Gordon says, just think the opposite
Great overall information, well delivered
Great interview,thank you.
Bloomberg, refreshing to hear from somebody with business on the ground, spoken clearly, concise, to the point. More of this, and less think-tankers, commentators pushing narratives please.
2:58 chart's blue legend is probably wrong. Should be 2011-2021, instead of 2011-2012, right?
This is the first interview I have watched that isn’t laced with 2000 mg of ideology and propaganda.
I am starting to understand why Peter Lynch said that if you spend 13 minutes studying economics you have wasted 10 minutes.
Revux's roadmap looks promising. Exciting times ahead!
For those who are making comments on fake data or interviewee is making things up obviously doesn’t know what KKR is. In the world of PE funds, KKR is number 2 globally and number 1 is Blackstone. KKR has almost 500 billion AUM. This guy is a division head at KKR and runs their Risk Team. Anyone who’s ever had to raise money or get a loan and bothered to understand the process. The Risk Team is the final step before any proposal is submitted to the credit committee for approval of the deal. It’s his job to know the numbers globally and he would know them better than most people on the planet.
KKR is also HQ in Wall Street, so they are as American Capitalists as they come.
PE itself is a scam. People working in PE have no special secrets and go to the same schools as people who end up working in other places.
Revux's low presale price is a steal. Time to load up!
Concentrating on BTC and Revux, with a little ETH on the side.
Wondering if Revux will pump before XRP. It’s got potential!
Might one to focus on your own country so worried about how to fix somewhere else can’t fix your own mess I know one thing I bet you don’t see potholes in the streets like you do in this country
In the next bull run, keep an eye on DOT, VRA, and SOL, but don't overlook Revux's RVX
My picks for the bull run: ADA, AVAX, SOL. Best presale? Revux, no doubt.
This is real growth since china didn't deploy massive covid-era stimulus. In the united states consumers are struggling w/ high inflation. From a consumer pov china did an oustanding job managing their economy.
May I ask how you obtained their economic data at the local/state level as they stopped reporting economic data to the west March 2023? Agree their economy is in bottoming process. How will they stop capital flight? Thanks.
He ACTUALLY spun the West's inflation crisis as a good thing
Just believe the opposite of Gordon Chang and you will have the correct picture
There is campaign to china to diminish it in terms of economy whereas china economy is going bigger china companies are expanding outside china and thus good
This kind of news will make China’s cyber-attack operator mad~~~
CIA bot spotted
There are scores of ‘China’s economy is dead’ channels on CZcams these days. How can so many CZcams economists be wrong?
Just increased my holdings in Revux. Feeling confident about this one!
GDP growth 2023: China 5.2% > US 2.5% right
CES
China hasn’t bottomed out. There are bandaids that are highly stressed and could snap at any moment.
Never bet against China. History proves you'd lose.
hei bloomberg, china still holds 800 billions of US treasury bonds. if they need money, they can dump all those bonds
I'm laughing in the water 😂😂😂😂😂 few months aren't those people were saying China's economy is declining, crumbling,pititi Pattaya, saying all kinds of stuff about China's economy,,why change of tune now???
"Come back?!"
Yes, only in dreams ❤❤❤
Yes already come back
you mean fmerica greedy again??
Come Back!
Wake up, Gordon Chang 😂😂😂
hi mate, you must be Gordon chang's yard sweeper. 😂
So, let's see will this guy increase or decrease investment in China, beside the words.
China Economy bottoming???
😂😂😂 fit the “kpi”
Means can't go lower, can only grow from now on.
Learn to understand economy language before making questions
That's a minority expert, much more normal for me.
We have. Another two years. Only. 3rd world countires or buying stuff but that's. Doesn't. Help when somebody like america has so lucbb buying power still
Moving everything into BTC and Revux. This presale is too good to ignore!
I’m all about presales, and Revux tops my list. Early investment is key!
Globally 1.45 billion cars are sold every year and less than 2% of that is EV and most of that is in China. It will become overcapacity when the adoptions rate of EV are low, which is very low in US and most of the developing world. The question is whether the country’s government is doing enough to stimulate demand for EV which in China’s case is significant.
Are you sure 1.4 billion with a b? Only in your wet dream.
WW 1.45B new cars registered per year ? I think it's around 85 to 90M.
Same to Evergrande with empty apartments.
Your numbers are bogus
@@chestnutridge4187 go do some research
Hoku 😂 户口
Yea, for how many times he's been to China, you'd think he'd pronounce it properly.
快来接盘啊😂
👏👏🇨🇳🇨🇳🇨🇳👍👍👏👏👍👍
This McVey has huge personal interests in China. He can’t say anything that may affect his interests negatively.,
wouldn't same theory apply to the US? If any Biden supporter talking about how strong American economy is, would it be the same as you just said?
@@sydca5365 lmao you have no idea how this two countries' systems work
Bingo
You could also say this is "putting your money where your mouth is"
Like Elon Musk. China is really the sweet spot in his global ambition, and his lifeline for survival and growth.
马上就崩溃了。。。。
we all support new global economic support with China, not support u.s. is oldest economy and now we want new economic world new currency, end of u.s.hegemony remove u.s.dollars
he get paid by ccp.🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
He has vested interests in China.
You can tell that he's trying very hard to sell.
OK Gordon
KUMAAR, wash feet after eating singapore banned curry
@@adolft_official After seeing your face no one can eat anything.
Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
Robots
For the past almost 15 years, I first time see a real house rental price drop in Beijing. For residential about 10-20% biggest agent have huge pressure and taking risk of tear the contract to request house owners to reduce the rental 10-20% to assure the renting rate.
Perhaps your information is bs!
Nobody believes you anymore
The growth comes from fake numbers from the CCP of course!
Uninvestable!
China's economy is facing structural issues, which can only be fixed by regime change. Taiwan 🇹🇼 can help!
台巴子，各个频道上发造谣诬蔑大陆的贴，台巴子完全堕落到和西方人一个德行
Taiwan is bs
A moron is always a moron.
It's the opposite. China is great because of the CCP.
Try again..
Taiwan too is facing structural issues such as having the lowest birth rates in the world at 0.7 child per woman. Mainland has 1.4 billion people while Taiwan has only 20 million. It’s a long game. Let’s see who run out of people first.
Based customs data, China export increased 11.2% in May 2024, import increased 5.2%.
Bloomberg is trying so hard to back its good buddy ccp
Fox news will again bring on their so-called China expert for his insight. Lol. America is so misguided. Sad