CCP officials are desperate: Money printing machines are smoldering, but the economy is terrible
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- čas přidán 17. 03. 2024
- #Chinainsights#Chinanews
For the Chinese Communist Party (CCP), the most important meeting of the year, the seven-day Two Sessions, finally came to an end on March 11, 2024. It was one of the most hopeless meetings in decades. It’s probably because the top echelon of the CCP doesn’t know what to do in the face of the economic downturn. The Chinese public is also puzzled that over the past two years, from 2021 to 2023, the government issued about 54 trillion RMB, or about US$7.6 trillion, in banknotes. Still, the huge scale of money printing hasn't positively impacted China's economy and people's livelihood. What is going on here?
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First rule of economics: DONT PRINT A SHIT TON OF MONEY
yeah, but it's just like 'We don't negotiate with terrorists.' You're still going to - eventually, quietly but surely - succumb and print a shit ton of money or negotiate with terrorists.
Unless you are undergoing strong deflationary pressures. People know why they don’t like inflation but they have no idea why they should fear deflation like death itself.
That's what Trump did too
They have to print it because the the top 1% don’t spend enough to go back in the monopoly board
@@matricci2256and Biden many times over.
You know Venezuela tried printing more currency and even added more zeros to them. Didn’t really work out too well for them.
Zimbabwe did the same. Now they got million dollar notes of their currency
@@brennanvilcheck9469 In zimbabwe everyones a billionaire 😂
USA does the same
China have tons of dollar to spend , because China have 500 billions surplus in trade with USA.
@@Follow.Jesus.Christanother woke.
Money went into pockets of the rich, no trickle down to working people. Blame Pooh 😂
BUT all that stolen money is worthless to the ones that stole it !!HaHA !!
the fact they still don't know you can't just print more money speaks VOLUMES. It's like a petulant child running a country, or hundreds of them
USA does the same and so do many other countries
Well they weren't exactly taught to think for themselves.
sloprosperity and toxic confucianism rote memorization mindset
@Follow.Jesus.Christ The difference is, the US Dollar actually has a stronger value
@@UnsubtlenodOh really? With $34 trillion in debt, and the debt increasing by a few trillion $ every year, can never pay it back, can’t even balance the budget. And for 3 years Biden brought in 8 million illegals, America is screwed. Probably even Trump can’t fix it anymore.
You can’t just print money and expect prices to automatically rise. A bubble relies on credit, once the bubble blows, nobody can be forced to borrow money when lenders themselves are failing.
A loan paid for a loan for a loan for a loan- the rabbit hole gets deeper!
They’re on their way to Yuan-der-land.
@@wiser3754: they RMB beat😙
Ponzi, plain & simple. A never ending story until it buries itself.
"Hey, what happened to the Chinese economy?"
The Chinese economy:
1:22
White wings can't out run his destiny.
Not only does the economy look doomed, but mother nature is pissed too!
"Printing a Germany" Got me good! We are now a Unit of Measurement! :D
communism sounds great until you run out of other peoples money to spend 😂
China have 500 billion dollar surplus with USA every year , that you can spending.
@@budisuwandhi6818 That they don't want their citizens to use abroad.
@@adiaphoros6842 Before covid there were 150 million tourists from China went abroad , they spend million of dollars , they were free. After covid because of restrictions from countries regarding China tourists it was decreasing significanly but it will increase again after all restriction are lifting.
Well when you TELL THAT TO SANLU ... Lol *SANLU* HAHAHAHA
What was it , they were going to *Surpass* LOLOLOLOLOL *WRONG!*
@@budisuwandhi6818???? You people citing trade deficit numbers as real losses again? Grandpa go home and have a nap
THAT is a lot of money printed. I wonder if 10% ends up where it should be...
Actually, THAT is a lot of worthless paper printed.
They can't end up the right place. Just look how Trump's 8 trillion printed dollars totally destroyed the real estate market. And homeownership is not possible anymore.
Mostly international real estate.
And so we can see that communism seems to have fallen down the hole that the rest of the world learned a long time ago, printing money is not actually the best way to get money.
China debt: 14.3 trillion USD. US debt: 35 Trillion USD. Doesn't look like the US learned much.
Thank you from an unhappy American. I consider tax avoidance to be the duty of a patriotic American. They are not being good stewards with our tax, do not give them one dime that you can avoid.
@@billycarr7446 One out of 4 working age Americans is already on welfare and don't pay taxes, they are onboard with your plan already.
@@robertsteele474 China's real debt is hidden, much of it "private" or held by local governments. And you're not taking into account that the assets and productivity of the United States exceeds China's.
@@robertsteele474China and Japan bought a lot of US debt. If they're unhappy they can just sell it
No Democrazy make initiative go stale. No freedom of expression make changes impossible.
Most of them are forced to attend. Hard to smile.
Or stay awake.
all printing money does is effectively tax people based on the amount of money they possess, with excessive printing having the same economic effects of excessive taxation
Mao money, Mao problems.
Recompute the Chinese economy figures without considering "savings" account balances. There are NO savings account balances in Chinese banks because the banks themselves are all BANKRUPT and INSOLVENT.
all BANKRUPT? Do you work for this site? 2 buses crash and burn. Video shown. "All buses catch on fire" would be a false statement. BTW, it was one bank, in 2021. Current crap on video does not look good, but not enough real info. Long term bonds sounds real as a solution, a bad one, but understandable
All the water flows to the sea, as the Dutch say. You should check out the number of high flying executives whose wives and families are leaving China, and paying cash for homes all over the western world. Once they are set up, the high flying executive does a runner to join them.
Excellent analysis. If things weren't so seriously bad, following China is like watching a comedy.
Great financial analysis by the video makers. Lots of very important details.
that's not enough. I hope they print about 100 trillion RMB more and become a second Zimbabwe
They have already printed 266 by 2022 trillion yuan (38 trillion dollar) and that is in circulation.
In comparison US Dollar used around the world has only 2.1 trillion in circulation.
china won't settle for second place 😂😂😂😂😂😂😂😂😂
You did not mention why the banks are at not loaning out the money. They have huge debts in the real estate market that will never be repaid,
It is very much implied in the video that everyone is aware that beyond the "typical" bank scams, that the banks can't be trusted with consumer money because of the rotten tail tofu dreg real estate projects when money has already been advanced 100% to the real estate scammers/developers. It is interesting that the CCP government ministers are telling the banks what to do, but there is NO action by the banks. Crony capitalism just like the US banking system, socialising the loses, while (CCP princes) privitising the profits.
So that is where the 5% GDP growth is coming from…. The printers.
Mind boggling how three years has changed everything for China
Stagflation.
We printed money!
Economist: 💀💀💀💀
Thank you for your hard work ❤
Sustainable growth should be market driven not policy driven
First rule of Keynesian economics: Expenditure has to increase for output to increase.
If all the money being supplied in to the economy is just used to pay for loans.... none of that is actually going to be injected into the economy. The bond/loan holders are not going to use those repaid loan money to invest, since needing to print money to pay for loans is the equivalent of signaling a bad economy, which means reduced spending.
The only way to actually boost a consumer economy is to literally give consumers more money to consume. If people have more money to spend, they will spend more money. This holds true no matter what country or culture it is. You can only spend money if you have it.
CCP: "Whatever the truth, hide it!".
One of the BEST narrators...Ever.😎👍
If people have no money or are not sure they will get payed there will not be anyone spending money. You do not have to be smart to figure that out. It will not help to give more money to those that are rich.
A lot of the money that was previously being allocated to real estate is now being directed towards manufacturing. The CCP's strategy is to build out their manufacturing sector well beyond domestic consumption levels and flood the market with the cheap Chinese goods, and put foreign companies out of business, since they do not get subsidies. The EU and the United States, however, this time recognize the CCP's tactics and are gearing up for launching investigations into anticompetitive behavior, potentially leading to high tariffs or perhaps outright bans. The EU, specifically, does not want a repeat of the 2010s when China flooded the market with cheap renewable technology, putting many EU businesses out of business. I am skeptical of the CCP's pivot towards an exports-orientated economy, as that type of strategy only works when the nation you are exporting to is willing to open its market to you, and the Western world is no longer willing to tolerate the CCP's bad behavior.
i was thinking along these lines as well but i wasent sure if the public would of liked my china is taking control of what to invest in and what not to
like the culinary or restaurant industry and low level jobs that arent doing anythign for china
basically stifle out bad investment or useless investment and invest in the future innovative advanced beneficial net worth industries
also what do you think of my other comment:
somewhere in my brain is thinking
maybe the government in china is doing 2 things
using america to reinforce chinas government system (which is different then American system)
letting America system play out in china and ruin the people
they then can say
this is the result of American system
however our china system is better
i may be wrong on this
but who knows a hint of possibility is all that could change the outlook of things and a tiny peep hole into what is happening to china
it may just have all these problems because they want to show america in a bad light by allowing outside american systems to be in china and say this is america syetem
dont rely on it
but i may be wrong
so take my words with a grain of salt
Lies from you and western propaganda. Cost effective products only come from China. Keep crying. Subsidies are for everybody in China not just Chinese companies
@@Kevin-qj7fp Actually Kevin, the CCP and the chinese people don't hate the Americans, they have a real hate boner for the Japanese (due to ww2). It is interesting thou that rich Chinese and CCP are always investing all their monies abroad in the West. Things will get really bad for China thou, when they decide that BFF Russia is worth investing in over their own "economy"
@@Kevin-qj7fp one comment RRR and 2 replies all seem correct. Frankly, I'm surprised these china videos are worth the time. IMO the CCP is not concerned if the middle class / investors lose their money. The over supply (empty) housing is a fact. The drive for increased manufacturing is happening. More dams and coal production is a fact. But note that the decreases are not go below zero. Close 20 businesses and open 30. Investment is still happening. We only hear about the 20
Wasn't it the Yuan Dynasty that was the first to print too much money???. Kinda ironic isn't it???
going the way of the zimbabwe money
share the money out more rather than just a few people having lots of money and 90% of the population having very little this would also create growth in the west as well
meanwhile USA: those are rookie numbers xD
1971 was the beginning of the end. The year the dollar went off the gold standard.
The „gold“ standard is called the gold standard for a reason.
BTW not really. Even if the US had printed the same amount. The Dollar is in global circulation.
The RMB is not.
For a much smaller economy, China actually prints money twice as much as the U.S.
deflationary death spiral
I was a Sr. VP of a very large Semiconductor Company before I retired in 2001. I was once told by a very astute Chinese businessman, “In the Chinese culture, ‘The End Always Justifies the Means.’ Watching the Chinese behavior over the years, he was certainly correct in his observation.
Yeah, we all see that in Xinjiang
@@yslee1401 Or Inner Mongolia. Or the 100 childless days.
Communists: get rid of free market capitalism.
Economy: fails
China: * surprise Pikachu face *
Awesome video 📹 my buds!!
7:48 watching the chief police lose his power of authority was a sight to see.
That’s something. I’ve never seen anything like that except disease or injury.
@@DEEYANASE no kidding. In fact, the way I see it, it marches perfectly with the saying, 'reality hit (him/her) like a ton of bricks.'
The next question is, who's going to take charge of the police station?
“I’d throw dollars out of helicopters if I had to, to stimulate the economy” - Ben Bernanke
All these people have ever done in their careers is print more money.
Of course their only solution to every problem is to drown it in even more money.
11:30. Deflation is the story. I have seen other similar sites that post that China has inflation but with unemployment and lowering of wages can't be possible. My FIL that grew up during the US Great Depression was the best telling me stories I will always remember.
And they are deflating even with the aggressive monetary policy. Not good.
There are dynasties that fell in China and affected the economy along with it, its written in their history and this is no different.
Let us all Pray for the Chinese People, that they will be safe and cared for.
Worthless
did someone actually say "why the stock market not going up when we printed 24 trillion more rmb?"
The homeless scene is similar to Vietnam in the 80s.
Print baby print, you know where it's all end up. The Big Venezuela
10:23 looks like they are taking an exam..
China's economy grew very fast over a period of just a few years and this is not good , so as a consequence , things are going downhill in a tailspin.
If they can't express it through word, the importance of body language says a lot in this case. Not to mention the expression on their faces.
Looks like they learned too well from the West
Where has this money gone? In reality, probably out of the country into the bank accounts of princelings and HNW individuals families. Not into the domestic economy otherwise the RMB/US$ exchange rate would have significantly changed.
What they really need to try is Steve Keen's debt unwinding proposal.
Chinese Yuan is becoming the new Zimbabwe Dollar.
That’s a thing called inflation
I thought printing money was a really bad way to lift economy, makes it worse
Where did u get tis figure of $7.6 Trillion.
Others put it at more than 40 trillion.
Wild figures everywhere.
No credibility
8:00 That's a lot of corruption.
BRRRR will only make it worse.
Good
Once again, report on the inability to use cash for payment in China, please.
deflation = more saveings = investments from saveings not credit = more long term wealth. Instead debt driven consumptionism for big numbers.
Deflation means people realize their money will be worth more in the future and stop spending it now. Employers with falling income also realize the wages they are paying now will be worth more in the future and stop hiring and instead start firing people (and since they aren’t selling things there is no need to not trim wages). The people who stopped spending realize they either have lost their jobs or may soon so they spend even less. The cycle continues. People aren’t investing their savings since that money will buy more investments in the future than it does now.
Though it won’t ever be worth more in the future, because like you described the economy will take a downturn and the money will meet a shrinking base of goods and prices go up equaling a loss of purchasing power.
@@capitalistdingo income not failing, just nominal, pushing power increase as you have natural technology deflation (lowering cost of production). And believe me ppl spent a lot more if they have more than enough than when they need credit. But governments can't allow too much freedom for citizens:p
They look like performing seals.
If it doesn't have real mean legislative power, it basically have no power whatsoever.
Why would China print that much money without the mechanism for spending allocations? Maybe, that money was farewell gifts to top officials to secure their future overseas. In a corrupt govt. there's a welcome gift to incoming official and farewell gift to a retiring or to be replaced official in good standing. Those top officials must have figured a way to launder that money and converted to foreign currency in their overseas place of residence or where their children attend university.
Why did the sound get cut off when talking about the police chief who was taken away for investigation? You stated at the time "Losing power is like Losing life for those in the CCP". Instead of just ignoring this comment, please answer! I'm not the only one who noticed this and how long the sound was lost. Until that segment was over. Was it CZcams or the CCP? If it was CZcams, what was the dialog that was cut out and why? Please answer!
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good * l was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after I invested $8,000 and got my payout of $270,500 every months.God bless Andrea Sheryl Fox.
Congratulations!! The scriptures clearly states there's going a transference of the riches of the heathen to the righteous.God keep blessings you
But how do you make so much in a month?mind sharing?
Thanks to Andrea Sheryl Fox .
Really feel your pain,when I was even almost down my God sent to me Andrea Sheryl Fox services cryp to to me and changed the game automatically
I googled about her and yes, she's won my heart. She just gained herself a new client
they seriously need a higher denomination, its so tiring looking at all those 100s
If the CCP lifted the anti-espionage laws alone, or re-write them realistically, then foreign investors might gradually return. Giving some growth back to the economy. I doubt a common sense approach will prevail, however. The CCP has spiraled into two modes; 1. Pleasing the leader and 2. Going back to the Mao era. This is mutually exclusive to foreign investment, market economy and growth, including employment growth.
why the audio was off in the minute 8:10?
I left a post on that! It's probably something they said that crossed a CZcams line. They said at that point right before they cut the sound "Losing power is like losing life", then the sound was cut until the next segment. I want to know why they cut that and what was said that had to be cut. I'm sick of CZcams looking out for our "well being". If words hurt that much, how did we go for over 200 years before the speach police showed up to save our feelings? My feelings don't need saved. I can take care of myself.
Can you name one time where printing money made things better? If you can I have a wheel barrel full of deutsche marks and a million dollar note from Zimbabwe for you.
It’s the 2008 to big to fail US govt bail out. These state run institutions lose money every year so they substitute loans for profits.
Let's keep that printer running 😅
Xi really has no idea what hes doing
That is also caused by china's obsession of undoing USA and its allies specially on military thing
'Printing money' is a meaningless term in modern economies. Cash is only a small portion of actual money in an economy. In western economies, money is actually created (and distributed into the general economy) by private banks lending out money and double entry books. They profit from interest paid to them. The governments only control the interest rates charged. The CCP will not benefit from creating more money if no one is borrowing it, for homes or cars, etc. The Renminbi will just sit on bank legers, creating no profit for the banks or the government. Communists do not believe in money, and don't understand it.
Too many people
Their keeping pooh ping, doped up, with pain killers, if pooh ping has , pacreatic cancer, hes a dead man walking....
so why the value of CNY is not dropping ? magic ?
China continues to undervalue its currency.
The yuan should at at about 20 per US dollar.
Who is buying? 🥜
Perhaps even more than that.
What is the point of printing more money when you can't use cash anywhere in China? No need to print, just add to the computer database. Why don't you report about e.g tourists unable to pay anything in CN!?
The PBoC may need to print another RMB 150 TRILLION (i.e. USD 21.0 TRILLION equivalent, in the next few years, in order to settle all its domestic outstanding debts i.e. to increase its present M2 Broad Money supply in circulation inside PRChina in 2024 by another 50%. After which, USD1.00 = RMB30.00.
Possibly all this stimulus is being used to pay off past loans. I hear that the little guy is on the hook for apartment mortgages that are all underwater.
Things getting Cheaper in China !
How Terrible !
In the west greedy and thugs corporations are shafting people day and night with inflation
People talked about Germany after WWI. They would take a wheelbarrow full of currency to buy a loaf of bread. It was devalued daily.😮
The problem isn't necessarily money printing - the problem is people are a part of the economy. You could give every citizen $10k or $100k in hopes that they buy stuff, start small business, pay off small loans etc. in other words, stinulate the economy. But if people have no faith in their government and their economy, or all major avenues of economic improvement like buying a housing, going to school, starting a business etc. all seem hopeless and pointless, the stimulus won't work. Additionally when you're printing massive amounts and just giving it to massive failed corporate ventures like property developers, resource extraction, and banking, they'll just pay off debt and operate business as usual - it's not going to change anything.
I didn't think it was possible to do worse Reaganomics, but here we are.
Enron, but it’s everything
It’s not a successful two sessions without a good two sessions rap :(
Or until we meet satisfied Popeye
@@Angel-ei1ip😂Popeye MUST have satisfaction!
@@Angel-ei1ipthe ccp is trying to smear the feelings of the Popeye people
Because they just sold a bunch of U.S. treasury bonds.....their banks need $s
If you print $54 Trillion, who is getting it? Rich people who will save it or poor people who will spend it? In an environment of low confidence, the rich and middle class will save it.
and that is supposed to cause inflation but I am not hearing about any inflation.
The narrator is reading too much into the expression of xi and others in the beginning. It aint that serious lol.
i dont get it there so many people with unpage wages why do the stil work?
@MrMikeroffel I imagine (as silly as this sounds) it is because if they stop the position will be filled by someone else. Particularly in the public services fields. Desperation time.
this is a little bit late but a good analysis..as per bloomberg the money is being used to prop up the stock market.. pathethic..
Smalll business owners shut doors
Delivery drivers lose licenses
Big Heads very confused
Oh that Xi Jinpooh
A huge chunk of the cash is in Russian n Saudi arabia
Its easy CCP stop being arse holes to the rest of the world