Is there any place where people under 45 are doing fine? Seems the doom is pretty global

It’s still truly impressive how China developed from an agricultural economy to a modern country in just 30 years. Just the idea of feeding, housing and employing over 1.4 billion people boggles the mind.

Dark side of Singapore’s economic success would be a good topic too! Something I’ve wanted to see (and also make) for a while now

It is cool to know that there is some 27 year old in China that lives a completely different life than mine on the other side of the world, but they deal with the same problems.

1:06 - 1:13 That's happening in most countries now. Especially In east Asia and the U.S. I doubt I'll ever have a family of my own. It just doesn't seem possible or worth it.

As a Chinese person, I have to say your analysis gave me further insights into what i already know. The information and footages contained are also very relevant and timely 👍🏼🤓😎

3:27 Quote 4:43 Urbanisation 5:05 Hukou System 6:55 "China" shows Bali lol 7:06 9-9-6 8:23 unemployment 8:42 Over education problem 9:44 Lying flat, let it rot 10:44 Property development issue - financial crisis - Debt crisis, realestate crisis, banking 12:40 Population decline

This man is on a rampage to diss Asian nations 😂😂 but carry-on this series.. Vietnam, Saudi Arabia, Israel and Indonesia to be next 👍

I read a news article that was talking about giving citizens up to a 80 year mortgage yet facing a massive economic instability as is our economic instability here in America. Now as Mortgage goes here in America it's a complete mess

They're saying that China is collapsing every year tbh and most people don't understand the way China's system is structured.

Good job. Keeping doing the series of The Dark Side of Every Major Economy

Morale of the story: There is always a dark side for each country in the world

Awesome video, well researched

Thanks again for an excellent video.

Something the video entirely misses is that China is still a developing country, not a developed one. That is big in relation to how it is deading with its issues.

I've been watching your series and it's been pretty interesting. I have a degree in economics and I learned how economic growth isn't a zero-sum game, it was a matter of right models and correct institutions, letting the market do its magic. But, nowadays, I'm really doubting if pursuing economics was the right call, because, in the development is impossible without exploitation. Creative destruction only works if the disadvantage bears the "destruction" while the privileged absorbs the "creative". The fact we rely in creative destruction to make humanity grow means that if it stops expanding humanity will decline and expire. Technological leaps don't really solve the fundamental problem of human nature.

I'm loving this series. Please continue with Singapore, UAE, Israel also in Asia. From India.

Dark side of USA economic success would be great idea, not only capitalist effect upon share market and economy but also on people's live and governance

Keep up the good work 🙂☺️

Correct me if I’m wrong, but I think the 25-30% GDP number also includes residential real estate investment rather than just real estate development.

I fully agree with this excellent video...No economy is ever too big to fail. The world will stop lending or selling unless you the equivalent in Gold. Will you work for free? Of course not. You need wages but if your wages are in a collapsing currency, will you still work or will you flee? Whether it is USA, Germany, UK or China, they all have to face the challenges.

Great video

I knew this video was coming 😃

Exellent video

Well done

There is a time where you'll rise but when you become authoritarian, greedy, and use threats to make you business partner to bow to you, then a time will come you'll fall....

Informative

8 months later, review this video. Oh my, China is still not crushing yet?

I love your video. So informative and sad :(

Cumulatively, car sales in China, from January to April 2024, reached 6.3 million units, reflecting a 5.5% YoY increase. The production side has shown even more robust growth, with a commendable 9.0% YoY increase, amassing 7.6 million units over the same period.

at 3:37 the highest increase in life expectancy was during the cultural revolution, I wonder why?

This guy is in love with dark side of every country's economy !!

Good video, a few gray areas missed , the eduction system in urban areas for FUTURE generations, appears very successful, it would be interesting to see if this has filtered into rural areas where uneducated Human Resources are returning as the construction jobs in urban areas are drying up and low repetitive manufacturing jobs are disbursed amongst other countries. Focus on rural regeneration is key, with equal focus on educating while rebuilding the rural sectors. It is the “ GAP “ that is the challenge it takes about 40+ years to bring in the new and out with the the old, and there is likely still 30 years on this time lapse, so filling the gap is key, and while better housing stock, regional employment,while re skilling is very doable, it will be interesting to see if the transition takes place, if China economy is strong the global economy will be better for it, as most countries are going through challenges of their own maybe different dynamics but a strong global economy hurts less then a weak and distracted one.

It would be interesting if you make a video about countries who haven't got out of the third world country list yet even after a century of independence - like the Philippines.

Request an update pls. PS: Sounds like the prelude to the Great Depression Chinese Style ;)

I think your overworking point is important. I will also add cost of living. As earlier if a person worked more he would buy house,car etc more fast but now it will take many years no matter how much you work thus overworked body with high cost of living will be disastrous for future

Good quality vedios. Very impressive. I'm quite impressed by your insight of Hu Kou system in China. I think the desire for people to move to bigger urban cities and own their house is the major motivation for Chinese people to work hard in the past dacades. However in recent years, the young generations start to realize the impossibilty of owning houses in tier-1 cities such as Beijing and Shanghai, they are more willing to rent (the gross rental yield is not very high in China). This shortage of housing demand are pushing down the housing price. And you are right, the housing bubble is problematic in China and one of the biggest property developers (Evergrande Group) is facing bankruptcy.

Every country and its economy has got certain challenges. No-one is without problems. However, one must mind it's way and not mess with others rather than focusing on their own lives. That's what all superpowers do.

Well-Done & ?hows-abouts a playlist pls?.

Dark side of israels economic success please 🥺🥺🥺🥺 :3

Love this series!

The "lying flat" movement is highly exaggerated. It's a relatively small movement with no significant social or economic impact.

Urbanization has impacted the entire world. Most of humanity now lives in urban megaslums.

Far from perfect. It is a HUMAN society, bound to include defects and mistakes... Being a STATE controlled economy and given its millennial history of ups and downs and capacity to learn from so many mistakes, I believe they will correct most of current ones...

As a Chinese, I know what you said is quite true and precise.

Can you do 'The dark side of American economic success' next please?

A successful country exit Him : Dark side of the _____ 's miracle I love your video thought they are very informative and detailed

The IMF left unchanged its forecast for China's 2024 growth to fall to 4.6% from 5.2% in 2023, with a further drop to 4.1% for 2025. But it warned that the lack of a comprehensive restructuring package for the country's troubled property sector could prolong a downturn in domestic demand and worsen China's outlook

The Chinese. A great bunch of lads.

This comes just as India is surpassing China in population too! By the time millennials are elders, we might be relying on robots for our care because the world population has peaked by then. Whatever happens in China next could be a repeating event in many large countries around the world.

As Indonesian, please do Indonesia version!

Could u do one on Russia? Thanks Quality vids

good video yeye but uh… the thumbnail is makati, philippines no? 💀

Yay, My wish came true, you read my comment 😀, thank you, now I love this channel.

Who are the lenders to the developers?

现在中国大城市里996已经落后了，都变成了007😅

The lack of pauses between slowly enunciated sentences are extremely taxing on the ears. Great content tho.

I noticed you did not mention President Nixon's visit in 1971 inviting China to play with the rest of the world.

On the contrary, Chinese government were aware of the systematic problems of its economic development model years ago. The real estate bubble is the result of the problems, not the root cause of a crisis described in this video. They had plans to reform the economic model but had to postpone due to global financial crisis in 2008, followed by European debt crisis in 2012. China had to continue relying on the real estate sector to boost its economy. The reform resumed in 2015 but the accumulated problems had got much worse over the years. They had to do it gradually. In 2018, Trump started a trade war and in 2019 there came covid. Therefore the reform progress is really slow. But this time China have determined to solve the problems. The government put heaps of controls to regulate the real estate market. We must know this so called crisis today is a result of a reform planned for years. Not the same as the real estate bubble in the US back in 2008.

Please make video on dark side of Canadian Economy

👏🏿 give me the great video, your video is non-biased. I thought your video would be biased, but it is not. Awesome

Great movie .

Another sad reality is China's one child policy. Read a book on this written by a Chinese American female news reporter who traveled to her ancestral home and spoke to people. They felt the dissonance of a one male who has to take care of his aging parents all by himself, there aren't enough women to marry, etc. Also found a vid produced by BBC about the one child policy and there would be women doctors in villages who would monitor the women residents as to how many times she became pregant, when they missed their periods and how many these women doctors performed abortions.

Excellent video. Really curious if china can pull out of this

Jp Morgan CEO Jamie Dimon: we may be headed something worse than recession....We are living in the early stage of economic impacts of superpower rivalry.

Do a video of Dark side of the United Kingdom

Hope about US economy related to oil price and middle east war

this video only shows very little of the dark side，actually there are many facts that would hurt the economy that Chinese should really concern about

Overall great Video. As an Expat living in China, I've actually seen a different side of it and this is my take on the issue. *Housing crisis, YES. As of developers over speculated on the continuous rise in prices. I totally agree that this is a major problem when the economy and as much as 1/5th of it is dependent on it. But let's bear in mind that we are talking about a developing country. *Housing costs? Unless you decide to live in the city center, like Shanghai or Guangzhou or maybe an exclusive private Fenced and guarded areas the overall prices are fairly low, just move further away from the CBD and the prices drop. *1 child policy and preference of baby boys has had a devastating effect. Now the government is encouraging its citizens to have more babies. Male to female ratio is way off too and some unfortunate ones resort to buying brides from other Asian countries. Also the expectation before wedding put pressure on young couples, such as the Groom needs to have his own house and so on, otherwise the brides family might outright refuse to let their daughter into this marriage. *Salaries are lower then in Western hemisphere but it's a wrong comparison as the cost of living is way cheaper too. *Education. I've seen it also in many European countries, I could claim that it's a world wide problem. Young adults after getting their degrees think that after graduation their life is set. Sorry kids, it doesn't work like that, to land a good job you actually have to put some effort into it, earn it. I've seen old retired guys and women here to hard manual work while their College/University graduated grandkids sit at home and play video games. They don't want to work in these jobs, they'd rather be a delivery guys ... easy work, no hard labour. The question remains, who's going to do these job say 10, 20 years from now? *Purchasing your first home. Same thing again, worldwide problem for anyone under the age of 45. I'm no exception to this, sadly. But it hasn't stopped me from from living in Nice places. Owning my own home that's still a dream though, maybe one day ... As a developing country China has yet to undergo many hurdles the West has gone through. I'm not going to bash it or start saying that the west is bad, all countries have their pros and cons. I know that people in the US in particular will start saying...Oh no, China is this Communist Utopia Jada Jada Jada... Well sure the governmental structure might be different to yours but the people are just people who want to live their lives in peace, no different from say average Joe from Colorado (by the way, I loved that place when I visited it a decade ago) I've seen many great developments in this beautiful country and there's still many things that ought to be improved, only time will tell. Don't make up your mind by watching your mainstream or even alternative new channels, it's all tailored by your governments to their citizens consumption. Don't even take my word for it, as it's my experience. You want to see a country any one in that matter, go there, meet the locals, see it for yourself and then make up your mind about it. Our eyes are windows to our world. A good advice to anyone whether in China or elsewhere around our Blue planet. If you want to improve your way of life, start by improving yourself. Don't sit on your Uni degree and wait, do something about it because No-one else will do it for you.

Your analysis of China’s economy is up to points, but you did not mention the cost of official corruption that has drained the economy, some estimated to be 25% of GDP.

This is something that some of us saw coming. I lived in China for close to 12yrs and still in and out till now. I first lived in Handan a small city near Beijing when I was teaching english, then moved to Gz the 3rd largest city in China. I like it a lot there, thou nowadays I prefer to stay in 3-tier cities not the big ones like BJ, SH, Gz & Sz which are too crowded. You can clearly see the kind of pressure the society goes through. The cost of living has skyrocketed and has forced some factories to move operations to cheaper countries like Vietnam, Laos etc. Owning an apartment reached another level and young people have a lot of pressure, studying too hard to get high grades, job hunting, then marriage in itself is another one. It gets difficult if you don't have a good job, business or own an apartment. Then there's a new class of ladies who have lots of money and don't wanna get married coz it's hard to get men of their class/ status and by the time they want to settle down it's a little late. I actually see life going back to the countryside, where the pressure is less.

Hahah great video I do think he went a bit far in trying to predict what the end game may be, I may not necessarily like the present leader for China because of his imperialistic ambitions. But Chinese are a smart and discipline people. I think a bit more than us in the west.And because of the government structure they should be able to address a lot of these issues before they get to that level he is expressing. Great content through

Yeah their salary is still so low and so many chinese come to korea to work illegally because they get paid 3 to 5 times more 🙄

The sad thing is that China's economic collapse will effect us all

What goes up, must come down.

You missed the investment aspect of the housing market. Given the high rate of scams, real estate was considered the safest place to keep your money, especially because the housing market had never crashed, so no matter how Terri me the property was, you would turn a profit. Home ownership is also considered a prerequisite for marriage. This is part of what allowed the flourishing of the tofu dreg construction and ghost cities.

Jealousy runs so deep that no yellow peril shall prosper it seemed

Why don't you make dark side of western countries? Why your contents were ony dark side of Asian countries ? How about your country? It's really annoying me.

I appreciate thiss gigantic country effort. every country should learn from china

Everyone focuses on chinas future demographic problems, but South Korea and Japan have those way way worse right now

so basically Japan and South Korea, all over again

3:29 dude gets whacked by stick

Why is Taiwan on the Chinese map in the intro???

Wow🎉🎉

Car exports jumped 38% year-on-year to 417,000 units in April, continuing strong momentum from the previous month which posted a 39% growth in exports, the China Passenger Car Association (CPCA) said.

👍🏻

I'll make a 10k dollar wager with anyone. All these youtubers are trying to be the next sage of economics and finance by predicting the Chinese economic collapse due to failures in the housing market and culture. None of them understands any of the fundamentals that the Chinese system is built on and why it won't fail. Disagree with me? Think I'm some Chinese bot? Then take me up on my wager. Watch this video again. Then watch the dozens others just like it. They all use the same stock footage of isolated incidences as if it's some country wide epidemic plaguing the country. Any brave gamblers out there? I will be happy taking your money. We can decide a time frame and play it like shorting a stock.

Everything too good to be true tend to actually be, to good to be true.

Ah yes, Dark Side with Dom

Yea well it’s been a year since this video and I don’t thing China is facing its downfall and in fact it’s only getting stronger so yea…

US house price as compared with median income is practically the lowest in the world (4.3) as compared with China (33)or Vietnam (24) (Source Numbeo) In other words, it is practically impossible in China (I know many personally) to even dream of owning an ***apartment*** ( not a house as in the US). No wonder 155 million people globally dream of living in the US. How many people want to move China even if given the chance?

You forgot to explain that people were allowed to buy homes before they were built. 😅

I feel like china will be alright and china is not the only one who has cracks last year like the us and other countries has problems to and great video Explained with Dom :]

It’s a great video but the map of China is incorrect😅. Taiwan is a neighbor country.

Blame the Laying flat movement

Any growth like the huge phenomenon of the last forty years in China will bring its share of complications and course changes. Actually, China has treated the whole thing as a colossal experiment, so they have remained constantly alert to the solving of problems. United States can't even see its own problems. China is working hard, and they are a long, long way from collapse. KZfaq shows often go for the extreme exaggeration.

It’s interesting but you forgot to mention about the massive amount of foreign investments and business partnerships that China is expanding around the world. China is also the biggest trading partner of more than half of the countries on earth. And of course, US exports ideologies and wars, meanwhile China exports consumer goods.

And 1 year later China is indeed finished, and al the Mayor company´s from the Western hemisphere left the country.

Philippines next pls

USA is currently facing a *huge* debt and banking crisis. China isn't. Silicon Valley Bank and Signature Bank are just the beginning.