How China Is Rewiring Its Faltering Economy
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Published 2024-07-19
00:00 Introduction
01:05 China’s growth story
01:54 Solar firm GCL
02:50 Hi-tech sectors
04:05 Tariffs and weak consumption
07:09 Model of success
If you want to read more on China’s “great rewiring,” click here: trib.al/25srtVZ
For more on Xi Jinping’s plans for the Chinese economy, click here: trib.al/4zPyDoh
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All Comments (21)
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if china is faltering, what do you call the rest?
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They rewired it without CrowdStrike.
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This video is too short to be detailed and persuasive, but I think Macro & Money goes into a much more thorough explanation about the challenges of the Chinese economy needing to pivot from relying so heavily on foreign exports and infrastructure projects to drive its GDP growth, to more domestic purchase power and creating better working conditions and pay for their own people to have the ability to buy more in their own economy.
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Guys seriously so far everything you said that China couldn't do bc some limitation haven't worked out. Even crazier they just keep doing more innovation...
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It's just amazing how Chinese industry is reinventing itself ❤❤❤
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So if China GDP is growing at a rate double the US it is classified as "faltering". Is there a better example to demonstrate the western double standard?
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China dominates the EV industry. Bloomberg and Western headlines "China's faltering EV industry". Lol
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can we work together without these kind of geopolitical posturing.
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So who did they steal this new tech from this time?
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China’s economy is “faltering”, compared to who?
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LOL! One of the commentators said that the world can't absorb China's excess capacity. Huh? Where has he been? China's growth has much of it due to its exports hence the world calling China, the 'world's factory.' In solar panels, EV, and batteries, it is not doing anything new in exporting products. What is new is that China leads in these sectors while the rest of the developed world grew slowly. Not only in these three areas, but other tech areas like ship building, semiconductors, AI, biotech, aerospace, and international infrastructure are growing areas for Chinese world's factories.
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'faltering economy', such a sick title with no relavance at all! China has the strongest enonomy comparing to G7 countries
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When I was 12 or 15, many people from the US told me "keep learning english because You'll need it right away, but start learning chinese because You will need it in 20 years"
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We are seeing and hearing here is what they want to show us and listen to.
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This is a strategic and long term movement, China can print money to lift itself out of the current crisis, just like they did in 2009. But they decided to tank the real estate industry and shift focus to high-tech industries. Of course, when the econmoy is transitioning, there will be pain, e.g. young unemployment, reduced job opportunities, etc. But at least the country is willing to tolerate it for long-term changes.
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Bloomberg taking a great economic necessary transition that is the end of the world and giving it a negative spin is hilarious
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5% is faltering in China? how about 0%-2% GDP growth in the west? collapsing?
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The intro music is super...
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xuzhou is NOT suzhou, completely 2 different cities
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This is one of the very few pieces of news about China I have seen in days that is relatively unbiased...