In this episode we take a look at the many problems facing China’s economy. How did the country end up in this position and what does it mean for the rest of the world?
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//Soundtrack//
Dan Farley – Lorica
Burn Water – The Passage of Time
All Parts Equal – Airae
City Phases – John Abbot
Illusion Of Time – Daniel Avery
Blink – House of Hum
Aphex Twin – #3
Giyo – Are the Animals Gone
Luis Miehlich – I Tried To Reach Out (with Handbook of Magic)
Burn Water – Soul Candy
Sources:
• https://www.nytimes.com/2022/07/19/world/asia/china-bank-scandal-protest.html
• https://www.cnbc.com/2014/09/07/china-to-become-largest-economy-by-2024.html
• https://www.bloomberg.com/news/features/2022-08-03/china-real-estate-market-crisis-protests-may-spur-multi-billion-dollar-rescue
• https://www.bloomberg.com/news/features/2022-08-03/china-real-estate-market-crisis-protests-may-spur-multi-billion-dollar-rescue
• https://en.wikipedia.org/wiki/Chinese_economic_reform
• https://en.wikipedia.org/wiki/Property_law_in_China
• https://www.youtube.com/watch?v=dnp_MxXY9qs
• https://theconversation.com/china-property-crisis-why-the-housing-market-is-collapsing-and-the-risks-to-the-wider-economy-189082
• https://www.china-briefing.com/news/explainer-whats-going-on-in-chinas-property-market/
• https://www.bloomberg.com/news/articles/2022-08-22/china-plans-29-billion-in-special-loans-to-troubled-developers
• https://www.cnbc.com/2022/08/22/china-slashes-lending-rates-one-week-after-surprise-cuts-in-key-rates.html
• https://www.youtube.com/watch?v=ITvXlax4ZXk
• https://eurasiantimes.com/a-whopping-900b-debt-chinas-once-profitable-high-speed-railways/
• https://www.business-standard.com/article/international/china-s-once-profitable-railways-records-900bn-debt-over-push-for-growth-122070800124_1.html
• https://www.youtube.com/watch?v=2tRL6XeNohI&list=WL&index=23
• https://www.ft.com/content/eb2d89f6-afd1-491e-b753-863e9727f6de
• https://www.bloomberg.com/news/features/2022-08-02/china-s-covid-zero-strategy-could-last-years-under-xi
• https://time.com/6182781/china-zero-covid-economic-crisis/
• https://www.thebalance.com/how-would-china-s-slowdown-affect-the-global-economy-1979076
• https://www.grid.news/story/global/2022/07/18/china-has-an-unemployment-problem-why-nearly-20-percent-of-young-job-seekers-cant-land-a-job/
• https://www.bloomberg.com/news/articles/2022-08-15/china-youth-jobless-rate-hits-record-20-in-july-on-covid-woes
• https://www.theguardian.com/world/2022/may/26/the-rise-of-bai-lan-why-chinas-frustrated-youth-are-ready-to-let-it-rot
• https://www.youtube.com/watch?v=GJ7S-nKmAr4
• https://www.nytimes.com/2022/08/04/business/new-world-nancy-pelosi-taiwan-social-media.html
• https://www.youtube.com/watch?v=ISHHe1Hu6d4
• https://www.bloomberg.com/news/articles/2022-08-26/china-deploys-rain-seeding-drones-to-end-drought-in-sichuan
• https://www.nytimes.com/2016/12/26/business/china-wenzhou-land-lease.html
• https://www.theguardian.com/global-development/2021/nov/25/battery-arms-race-how-china-has-monopolised-the-electric-vehicle-industry
• https://www.grid.news/story/global/2022/01/18/china-is-owning-the-global-battery-race-that-could-be-a-problem-for-the-us/
• https://www.atlanticcouncil.org/blogs/econographics/delisting-chinese-companies-from-the-new-york-stock-exchange-signs-of-decoupling/#:~:text=Chinese%20companies%20will%20face%20a,%242.4%20trillion%20of%20market%20capitalization.
• https://www.barrons.com/articles/china-crude-oil-gasoline-price-51660582698
• https://www.thebalance.com/how-would-china-s-slowdown-affect-the-global-economy-1979076
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source
And capitalist economy collapses ever 5 to 10 years lol
Say what ?!? My good you are in for one rough wake up.
What a joke. If people are so stupid they deserve everything g they get.
This is a very concise presentation that in 25 minutes highlighted the true scope of China's problems. The decline of the property sector and the intractable debt load by property developers along with countless uncompleted projects only points to more economic disaster. It is tragic so many Chinese have their investment from personal savings into a hoped-for home end up being wiped out financially and unable to recover in their lifetime.
Mr Ping-Pong destroyed the country with his dictatorial extreme left wing socialist policies, trying to control everything, and even destroying the brightest and best entrepreneurs in the country, because he was jealous of them as a threat to his power. Zero COVID was the cherry on the top to finish it all off.
1:26 you are watching confusion TV.
China’s demise is certain. West is unwinding with china.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
9:45 If I EVER see or hear of my loved one treated that way I'll track the person responsible down and hire homeless people to destroy their life. $1,000 will easily motivate a HP to throw a Molotov into their window.
According to official statistics… lol.
I have only one question: is China's potential recension going to make them more likely to invade Taiwan?
If I had money, and if chinas policies towards foreign buyers allowed it without me living there, I would buy up these ghost town properties and make them exclusive communities.
I think their collapsing economy and ideological support of the Chinese people could be due to their unjust and brutal treatment of so many people who are suffering a lot more than those who are not imprisoned and tortured and harvested and re-educated.
Fuck China
I could not imagine paying a mortgage for a house I'm not living in.
(14:08) This seems like a good place to film a movie.
Sound like Japan in the late 80s . When people assume Japan will rule the world with economic power.
Not demonetized yet? Lol
Nice propaganda :p
@11:15 High-speed rail in China (HSR-PRC)
Japan left a legacy to the world for being the hardest working people on planet earth. Japan grew its economy in 40 years, what the United States took 150 years.
If the entire Chinese ponzi implodes it will be a bigger celebration than the end of World War II.
NORTEL stolen HUAWEI a video about it