My takes on China’s “Two Sessions” meetings this year…

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My takes on China’s “Two Sessions” meetings this year…

Рет қаралды 14,534

Күн бұрын

I reflect on three points from this year’s “two sessions” (or Liang Hui 两会) that can help us understand how the Chinese government processes and implements policies, and the options available to China for strengthening its economy. Also, don't take the US for granted.
#china #lianghui #bankofengland #federalreserve #innovation #5g #OpenAI #artificialintelligence #uschina #jinkeyu
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EMMANUEL DANIEL is an author, advisor and corporate strategist.
He is the founder of TAB Global that owns research and consulting services such as TAB Insights, The Asian Banker, The Banking Academy and Wealth and Society.
He is a futurist who was ranked a global top 50 fintech influencer. He advises leaders on their financial services industry, technology and geopolitical strategies and is a well regarded speaker on these issues.
Visit:
Emmanuel’s personal blog www.emmanueldaniel.com
TAB Global www.tab.global
Buy Emmanuel’s book, “The Great Transition - the personalization of finance is here” www.emmanuelda...
Subscribe to Emmanuel Daniel's KZfaq channel for insightful updates and leave your comments and feedback.

Пікірлер: 77

@parttimethinker7611 5 ай бұрын

You’re right on your views of the Chinese government throwing good money and casting a wide net. But that tradition had been applied for thousands of years. That’s how China net the most talented folks in the country. Those folks are true geniuses.

@RobinsWood1 5 ай бұрын

I have no doubts that China will ride through the storm. The Chinese had an exceptional history, in terms of entreprenuership... money making is their religion.

@liamporter1137 5 ай бұрын

EV consolidation in China is a normal process and it's healthy. Only the fittest survive. As for the property downturn was an proactive initiative by the Chinese government to burst the bubble before it got out of hand like in the US in 2008. The Chinese government is doing the right thing unlike the US just kick the can down the road. The property downturn is a good way to lower the price so that more people can afford housing. So now the government is moderating the property market by loosening some of the policies for those previously being priced out to buy house. Bumpy road but the government is doing an awesome job. Like you say, China is transparent and Xi said this before, house is for people to live and not to speculate. People should know what to do and not go against the direction.

@Darkmatter835 5 ай бұрын

China's population is huge that's the reason in case of property

@vinco9782 5 ай бұрын

Good insights into china's economy Keep it up

@Tdzzz450 5 ай бұрын

Are there any other countries in the world that widely publish 5-year economic plans and then goes out to execute said plan?

@guens01 5 ай бұрын

The answer is: zero. Only China does that.

@chanahyingchan5070 5 ай бұрын

First Country that comes to mind is Dr. Mahathir of Malaysia who implemented the 5 year plan back in early 1980's. The 5 yr plan is still on going 😀😀

@davidz7858 5 ай бұрын

@@chanahyingchan5070China learned from formal Soviet and started at 1950.

@Raytracer96024 5 ай бұрын

China

@nanyanguo1 5 ай бұрын

@@davidz7858 soviet already collapsed more than 30yrs ago.

@wahlumng5192 5 ай бұрын

Very easy to understand. Excellent for people who are not financial gurus

@angelapan3836 5 ай бұрын

Appreciate your observation、comments, insights

@othmanmajid6380 5 ай бұрын

Well tempered information and very kindly spoken. Not much of this news escapes the mainstream wells😂😂😂,...happy to subscribe.😊

@bellybutton6138 5 ай бұрын

I like that you try to be impartial and give reasons for your thoughts because of I have had enough of propaganda and alarming journalistic environment which is currently prevailing in the world of news and media. thank you for taking the time to post your thoughts.

@CarpsterKing 5 ай бұрын

China is more transparent on the economics than other 6:36 countries front..as for governance it is the same as.other countries like the US..UK and EU are also not transparent..they will always use the coin term of national security...classified information .... The Chinese word for crisis is Wei Ji... the wei represents difficulty or disturbances and Ji means opportunity.. when there is crisis an opportunity is also available..

@wleng 5 ай бұрын

Emmanuel I just came across your channel. I want to say thank you so much for this. I'm not anywhere near as well versed in these topics as you are, but I love learning. Also, you basically gave a lecture on the key elements of this year's Two Sessions on the street, which I don't know if people appreciate how hard that is! I look forward to watching all your past videos and future ones too!

@asean1503 5 ай бұрын

China implemented 20%equity requirements in the Ant Financial $380b IPO was a good move to stop wild financialisations that could have created another bubble worse than the real-estate. The average buyer puts up 30% equity in a Chinese real-estate purchase from the beginning. In the US it is speculative at almost nothing around 2%

@rubentayco1316 5 ай бұрын

Good job. Thanks.

@pah1455 5 ай бұрын

You're great. Emmanuel. This presentation is such a unbiased nuance view of economics for a lay person and unlike the nay sayers and those who do not have an insight of how the chinese economic model works your presentation here is so factual and you actually quote Keyu who I admire as well. Your take of China's troubles and the chinese market gives one a more balance view of how to interpret the chinese stock market. Am actually impressed you had Barney Frank's write your books opening line,even though he is no economist, lol.

@kenloh3038 5 ай бұрын

Thank you for a very insightful video. Your comment on the development of the US car industry from the time of Henry Ford reminds me of the history of the personal computer industry from the first IBM and Apple personal computer until today. The shake down in that industry saw the disappearance of many small computer making outfits ending with just two systems today. Looking forward to your forthcoming videos.

@SeanFooGold 5 ай бұрын

this is an amazing analysis. Appreciate more in-depth look into China's economy

@matthewlang7364 5 ай бұрын

Love the content!! Keep making them

@121551011 5 ай бұрын

Just chance to come across your video. Good job. Have subscribed and will check out your other presentations.

@edwinwee267 5 ай бұрын

Great insight Emmanuel!! Please continue your investigative journalism on China and its impact on global finance. Stay healthy friend! Looking forward to reading your book.

@davidlim5 5 ай бұрын

ED. Very well presented. Tq.

@karlowalker4143 5 ай бұрын

Thank you Emmanuel enjoyed your chat

@chimbatete 5 ай бұрын

I got a little smarter watching your video. You have tremendous insights on China and many other topics.

@seangaun 5 ай бұрын

Well balance review on China two sessions economic which we don't see other countries doing that openly and inviting foreign press

@yaphinchin1589 5 ай бұрын

👍 very true...truth will prevail near future in time 😀

@pisablavatsky-cb3dd 5 ай бұрын

Great❤❤

@artvandelay7236 5 ай бұрын

London accounts for somewhere around 25% of England's GDP

@aneez1981 5 ай бұрын

Insightful as always. Grounded and Holistic assessment of the realities on the ground in China. I must respectfully disagree with the view that pouring any amount of money will drive innovation. I like to believe constraint (of resources, funds, of competition) is what drives true innovation.

@guens01 5 ай бұрын

Give us an example.

@meg33333 5 ай бұрын

@@guens01example China burning real estate...decoupling...USA stopping tech...india growing...china still facing covid epidemic in 2024😂...and big doom day or crisis is taking place in china....so this show right now china is not good for investment.

@user-if1ur5td1x 5 ай бұрын

Then why are companies and countries spending huge amount of money in R&D ? Dun believe too much in Steve job type of stories ..

@vidsurf88 5 ай бұрын

Capitalism also breeds bailouts. Though necessary at times, its insanity going through an unending cycle. As for overhang, it's a Chinese cultural thing, you see it even in overseas Chinese ... better to have excess than less, it always work out somehow

@gregarnot5066 3 ай бұрын

Excellent content! Very educational for this Old China Hand (I unintentionally interfered with Kissinger’s 1971 preparation for Nixon’s 1972 visit. Covered development of Taiwan as a correspondent. Worked with Beijing Ministry of Aviation laying groundwork for China’s aviation industry and spent the last 20 years as factory owner in Shandong) You teach me!

@xmen2130 5 ай бұрын

You are right, never ever write off America!

@avbhinaya 5 ай бұрын

My god, it's better to hear your ideas and views than many of so-called experts who cannot and dared not to read things in third person perspective. Hope you don't get famous and become part of the corporate narratives.

@sarahlee9979 5 ай бұрын

Funding EV and AI, are not just about EV and AI. As one 'refine' a tech, one creates 'sub innovations' for other fields. These 'sub innovation' creates another branch for research. Thus, chip needs to get smaller, wifi needs to get faster ... not because one "need" them, but it 'motivates' new innovation creation. Thus, "new productive forces" Tech innovation (the 'innovation' part) is probabilistic, try and error process. The "try and error" needs money and you want as many people doing the 'same thing' (independently) to 'random' hit the 'correct path'.

@KC-pm2mf 5 ай бұрын

Like your thoughts. You learned from criticism.

@Bawdale 5 ай бұрын

I like your video, your thoughts are refreshingly balanced for these times. I believe China has problems but they are all within the competence of the government. China learned how ruthlessly brutal the US and Europe is a long time ago, so many of China's policies are a direct result of this threat. Not fully opening its capital markets, the BRI to prevent USSR type isolation, China's own social media to minimise sedition, promoting tourism to challenge western media, etc. I see the property issue as a managed recession to reduce prices and too big to fail risk. Considering US tariffs, sanctions on high tech businesses, coups, rebel attacks on BRI projects, stock market divestment by US finance, and US threat of war to scare Fdi away, China's economy is doing remarkably well. My biggest fear is a neocon trap similar to Ukraine/Russia. The neocons will have a Taiwan puppet declare independence, China reacts, the west seizes assets and implements pre-prepared sanctions etc without a shot being fired, and a whole host of new problems for China.

@Darkmatter835 5 ай бұрын

China's new problems are coming . if china not stopped the expansion.

@Darkmatter835 5 ай бұрын

they already occupied lots of india's land in past. and also occupied tibet. and they are also trying to occupy taiwan. they are doing expansion. now they are trying to occupy south indian sea that belongs to india. they want to be hegemonic in sounth indian sea.

@Darkmatter835 5 ай бұрын

I am from india. Chinese already occupied India's (aksa chin) land in 1962 war. and they also want to occupy arunachal pradesh. That belongs to india. China is saying arunachal pradesh is south tibet that belongs to china. Tibet is illegally occupied by china. And china also want eastern ladakh in northern Himalayas that belongs to india. Now they are buliding military base in maldives In South indian sea. Maldives and sri lanka trapped by China's debt trap. You don't know nothing. Go and search about it and learn something about it.

@Darkmatter835 5 ай бұрын

China's new problems are coming. If they don't stop expansion.

@wu05354207 5 ай бұрын

how come you ignored that china is putting a trillion dollars yuans into a new special bond, for growth !

@emmanueldanielauthor 5 ай бұрын

Yes it was on my mind. The central government will be lending this 1 trillion RMB to provincial governments to issue as bonds instead of outright grants. Keeps them on a tight leash. They can theoretically issue an unlimited amount of bonds as long as it is in local currency that they can manage through good monetary policy and let the pension funds pick up as income.

@thetruthandnobs2 5 ай бұрын

Guangdong IS NOT A CITY...since Shenzhen IS IN Guangdong, which is a Province!! 🎯

@bobl168 5 ай бұрын

He probably meant Guangzhou

@emmanueldanielauthor 5 ай бұрын

I apologise for the error. I meant the cities of Guangzhou and Shenzhen, both of which are in the province of Guangdong. Thanks for pointing this out. My bad. Done on the road.

@TL-fe9si 5 ай бұрын

Since you mentioned a proposal on rural property and rural-to-urban migration in China, I'd recommend you search for videos or books from 温铁军. He is one of the well-known experts in this area in China, with many videos about related policies, etc. These materials are mostly in Chinese; based on your pronunciation of the names, I assume you know Chinese well.

@angelapan3836 5 ай бұрын

tension is a clue that status quo dosent work any more...crisis shouts that transformation needed

@slc801 5 ай бұрын

Name one country that’s transparent both economically and governing in the west ?

@penglim224 5 ай бұрын

It is good to be able to identify a problem, it would be better if tempered with advice, and the best if it comes with solutions.

@henryterranauta9100 5 ай бұрын

🇨🇳🇨🇳Direct info🇨🇳🇨🇳optimistic view of China🇨🇳🇨🇳Need more audience for such insider of the Empire of the Middle 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 13:43

@iammayaguru 5 ай бұрын

Thank you, Daniel. Great video. We learnt lots of things.

@Expatriate_1972 5 ай бұрын

Interesting background views on Threadneedle Street with everyone going about their business. In China, the social contract with the people and the economic contract with the private sector under the opening up and reform era has become history. Just as the establishment of the Bank of England was created from desperate circumstances, it may take several seasons of economic and fiscal failure of increasing magnitude to create the desperate conditions needed to eventually give rise to a future dawn in the Middle Kingdom