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It's been collapsing for the past 30 years

During my recent visit to China, I saw a country with a vibrant economy with signs of rapid innovation everywhere. This is the most digitized large economy in the world. The impact of housing correction is significant but will be temporary. I think China will show good growth in the coming years.

Because all sources who tells that make propaganda for the American public, to average American feels good about themself

Americans think that China cannot live without American market, which is not a fact.

Gordon Chang and US said China's economy has collapsed 10 times.......

The reason is quite simple Western Economists, Politicians, anti-China governments, and their obedient MSM view China's economy through Western theory and standards or with a pair of jaundiced eyes. But the Chinese System is totally different from the West

Any economist that ignores China's political landscape when talking about China have no idea what they are talking about.

A lot of people doesn’t understand , China economy is not collapsing but transitioning . I’m a frequent traveller between HK and mainland China , there is a short term challenge in real estate market consolidation , it’s a natural economic cycle which people believe it will transition ultimately. China is investing heavily in high end industrials , 2024H2 is what most people believe when China will transition into next big upwards trend

Ive been watching video of China collapsing for more than 5 years yet it aint happening but always ends with titles like that "why china isnt actually collapsing even tho we wanted to badly that to happen?".

"Isn't actually collapsing" makes western world still thinks "is partly collapsing" and feels good 😅

5.3% is small, how about miniscule 1.6% that US has 😂

*With the current financial and economic situation around the world, I strongly believe that as smart citizens we should not rely solely on our wages, but rather look for more innovative ways to earn money.*

"When you winning, you don't need protectionism but when you are not, it is sometimes ok to have protectionism." He said. Find me a real economist on this show!

It is clear that the collective west dreams with the fall of Eurasia but hasn't happened, the far east has thousands of years of existence. With patience and investing in his people and nation rather than fighting endless conflicts one after another.

"We still believe in free markets" He said "but sometimes(means when they are losing) we need protectionism." 🤣

Thanks for explaining the industrial policy and protectionism. But I feel if we call that a double sided sword, it cuts deeper on the West than that to China, because they also lose huge market potential and profitablity in China, which is more than the rest can combine. So I think the only logic reason to explain why the west is still pushing these "looking good but actually bad"policies is mostly because of geopolitical and idealogical reasons, not on economy ones. Just my 2 cents.

Oh my god, a reasonable economist who hasn't forgotten the fundamentals of economics.

How can China fail if it has a solid industrial foundation and internal and external markets !

It is the USD that needs value endorsement, not Chinese industry. The more USD FED prints, the more centralized manufacturing it needs to assure USD's purchasing power.Modern, super-large-scale manufacturing leastways need stable and unlimited supply of 3 things: 1, clean water, 2, electricity and 3, population of engineers/ skilled workers . Putting these 3 factors into consideration, the day China left/got kicked from, whatsoever, the SWIFT and rejected the USD would be the day USD collapse. The main reason that China didn't do such move together with Russia, I personly believe is that China still benifits from current USD system and Chinese ruling class had put too much wealth in it.

Be sure this economy has reached such a height that it will never collapse rather will scale newer and newer heights.

This is what the US and some western countries wanted to see but they are disappointed 😊

China‘s Economy will never collapse. Period. Every individual, entities, companies, organisaions, local and central government has its "Income statement" and "Balance Sheet". US government in terms of income is in "Trade Deficit", in terms balance sheet, they are 34 trillion in debts. Chinese government in terms of income is in "Trade surplus", in terms of balance sheet "relatively low in debs" but "high in domestic saving". China has beat US in its own game of Capitalism.

It's not that we don't believe in free trade, but we only believe in it when we're on the winning side.

This guy is long winded.. Protectionism is all good and fine but know that it goes BOTH ways! Law of Unintended Consequences. It will only hurt the developed West b/c the global South remains a huge , not yet tapped, market that will buy as low rates! The West will suffer for as long as the South continues to develop and fill in the gap, then it will gradually level out.

Great China 🇨🇳 ever great 👍 in the world 🌎 ❤

Because China’s economic foundation is manufacturing, as long as the energy cost is low enough and stable, it can support the economy in balance. It‘s very similar to Germany!

The west want to be independent of China which also makes China Independent of the west . That's like shooting yourself in the foot. 😅 😂 Thanks again for your information and analysis

Great content.

😂😂 Although China's nominal GDP is th 2nd highest in the world, its per capita GDP is very low. However this is a blessing in disguise because what this means is that if the productivity of the Chinese worker increases to only half that the USA, China's GDP will be twice that of the USA since it's population is 4 times as big. When a worker's productivity is very high as seen in those of the western countries, it is extremely difficult to increase any further. Anyway in terms of Purchasing Power Parity GDP, China's PPP GDP of $34 trillion is already way ahead of the USA whose PPP GDP is only $27 trillion.

it looks like engineering ingenuity in processes (eg. the standard container reference) is more important to economic development than highfalutin, massively expensive, threshold of science innovation.

Perfect, this is a clear and fair economical analyses.

US market only contribute 3.1% small to china GDP. Combined with EU its only 6.6% small. Most of china market is global south.

The Chinese property price is definitely collapsing.

great points! I believe real innovation should be originated from the reality and be applied in the reality!

China: Monday Wednesday Friday :COLLAPSE😂😂😂 Tuesday Thursday Saturday :THREAT😂😂😂

Sino Collapsology is a well-funded discipline.

Slow cooker with timing function! Cool 😎

Your words make me have a good tea break.

I agree we need protect self industry under some conditions. But those conditions should be well regulated otherwise it could abuse to hurt free trade.

Consumption problem is not always short term problem but can be a system problem. E.g. wealth disparity, inequality in distribution.

According to my monetary finance learning, could I consider it as a situation: China is in trouble with inner-cycle cash flow bcz of low income and consuming willing, but western countries are in trouble with inner production and inflation bcz of Fed's selfishly, irresponsibly rate hiking and Russia-Ukraine war?

China’s economy will always be with you and for you in hard times and good times.! The western consumers can always count on China to come through for you at any time as China is one country that never truly sleeps with one eye open as always. The Chinese considers too much sleep as a waste of time but adores efficiency. China’s economy will always perform regardless of other world conditions as it operates differently throughout the economic cycles.!

My first thought to the answer of the question was 'cuz western media says it's collapsing.‘

Where is Gordon Chang? Is he dead by now?

My grandma told my parents China is collapsing when I'm still inside my mom's womb. And now I'm 40.

Our beloved Gordon Chang is screaming while watching this video.

You forgot the add the minus sign in front of the 5.2%

Ah, now I understant, Yellen went to China to offer help to China's treausery

All western propaganda china is doing all right and will continue to grow,unlike the west which will continue downwards😊😊😊

Well who the fuck said it was??

1) Are Singapore and S Korea really high income? 2) Those societies are both going extinct due to low birth rate...

The key driving forces behind:- Chinese are hardworking. They all want better living standards. China is overcoming technological barriers one by one. Instead of military dominance, China goes for peace and cooperation which is much easier for other nations to accept. China has forseen that West will prssurised them from all angles. It has been prepared for such pressure. Protectionism will only serve to weaken the nation's own efficiency. In long term, pressure from the West will serve to boost efficiency in China but on the hand dampen efficiency for both US and EU. Eventually they could only grow based on their own internal market.

China has indeed taken the lead in the field of electric vehicles, so much so that Europe and the United States have begun to increase tariffs. This is not a cheap primary industrial product, but a highly integrated high-tech intelligent product, which is completely different from the past.

Thinkers Forum：Why China’s Economy isn’t Actually Collapsing? Answer： Gordon Chang knows it all. You should give Gordon Chang a call, make an appointment with him, and have him come to your program for a live interview to find out why that is the case that China's Economy isn't actually collapsing.

Is not that we don't believe in free markets... well... it is, buuuut, we say its not.

Teşekkürler.

Interesting take on china. Can certainly agree with most points mentioned. However, what will the effect be of the demographic change in the population of china? Further, what are the macro economic implications of the current mismatch of the labour skills in the Chinese labour markets (a lot of graduates but more manufacturing jobs are required atm)?

pure bravery to say positive things about china

the economy grows slower but not in any way near "collapse" .

Go check how much drop in foreign investment. With that drop there was still 5% , how does it make any sense.

❤ protection is necessary?

Yes collapsing the US ECONOMY Is collapsing 😅

because our people work hard. simple

Well, its more of a debt problem that will make them hit a recession than anything else. Internally, local governments are struggling with a lot of debt. This isn't to mention that 25% of their GDP was fueled by real estate, which was the primary funding source for most municipal governments in China. The export thing is actually quite misleading conclusion. If export decreases, than they can only rely on internal consumption to maintain the same economic growth. But if domestic consumption decreases along with export, then the economy won't grow. Even if they want to shift entirely to tech innovation, so it makes up and replaces the real estate sector (which is how municipalities get their funding), this would still take decades. Long - long, term, they might recover and eventually make a pivot, but in the short term, without changing their domestic debt problem its unlikely to see any real recovery unless they just straight out print money to service existing debt, which would end up causing inflation, which would decrease domestic consumption even more (especially since none of this money would reach the consumers and is only used to essentially bail out municipal debt). This is quite honestly a long term problem that they have to deal with, or it will be impossible to prop up their GDP numbers like it is now. Their tech advantage is not the problem, it can easily be corrected in a command market. Consumer spending is also not a hard thing to fix. The biggest problem is the unmanageable municipal debt.

Their domestic economy is the strongest . Self sustaining , . But they have housing crisis but being rectify and corrected. They are not shameful of their weakness but strife to be better next.

It's a large country w. a complete supply chain, huge domestic market and hardworking and modest people, shaped both by natural tendencies and gov's pressures. Protesting is not allowed and media is tightly controled, so you won't see chaotic scenes leaking out, although many videos of business and people struggling can be found online.

The problem of China isnt efficiency, it's confidence, both from its citizens and foreign investors

What do they know?

Sometimes we need to protect ourselves, sometimes we don’t allow the others protect themselves, sometimes we like free market…

The United States sanctions may be able to stop China in its tracks, but these policies are more damaging to the development of the United States and the global economy. I don't think it is possible for manufacturing to return to the United States because the profits from manufacturing do not meet the expectations of Wall Street, and financial capital is invested in manufacturing.

It would be untimely if China's economy collapses too soon. Gordon Chang plans to publish a couple more books on this topic.

萬物皆週期。沒有一種系統可以永遠處於最佳的狀態，自由也有其虛弱的時候，美國政治圈的反智正是最好的佐證。集中管理也有其好處，例如面對意識形態過於紛亂而無序時，就具備更好的穩定功能；但如果是在二戰後那種相對穩定時期，反而限制了發展的各種可能性。 如同左側交易或右側交易沒有方法上的對錯，只有時間上是否合適。當我們看看全球的現狀，就知道是哪種系統無效的環境。

Before the Chinese economy collapsed, BYD just released their new hybrid compact car which is capable of running 2400km for one tank of gas. Maybe this one can save their economy because people do not need to refuel much often which saves a lot of running cost. I think that will help.

it's been reverse-collapsing for 4 decades, LOL if you still asking why it's not collapsing, it's better to take some pills before sleep

Not collapsing, but in bad situation indeed, some ppl losing jobs, salary not increasing that good. But after recently visited some western countries and Japan. Well, compare to the past 10 years, I gotta say if we are running down a hill. We are riding a bike, they are in a motorcycle.

What is going to happen in China to raise consumer confidence and generate more domestic demand? The real estate continues to be a drag and there is resistance in many countries in accepting more Chinese exports. To do that they would have to reduce their manufacturing base further. Something with de-risking will be difficult. As he says China has had it's day of easy economic growth.

Lol. Overcapacity, and no one to sell too 😂🇺🇲

Failure to understand the opponent correctly is the biggest failure, and false propaganda is useless.

There’s so much spare capacity. So much unemployment.

wow ! There is so much wrong about what he says I had to stop watching. What a shame. There is "big think" and this is tiny think. Just two reasons: it is all about the resources. That is why China is growing now and there are no limits. And all of Asia is cooperating now.

Chinese real estate bubble was not crashed by US like it did on Japan. That made huge difference. Chinese still has good control on its economy. US can't benefit from Chinese economic downturn. That just drove the Wall Street bankers crazy.

it's already collapsed, and is on life support now until all the money dries up

Delusions rarely make reality conform to them

Trust, it is collapsing, just like it has been in the past 2 decades

I know. Because they invested heavily all over. The global. Fee scour. It’s just matter of thine

The first 2 minutes, discussing productivity growth inefficiency, has me thinking one thing only: "Oh, my home country of Canada is screwed, aren't we? That's, like, the exact thing we've been repeatedly told we suck at." Doesn't even matter if I believe any of the rest of the video; what matters is that the long term drivers for my own country sort of suck atm. Hmm.

Their population decreasing hence rate of growth will decrease with time, but per capita will increase, and future is of ai and robotics and they are developing in that field hence become high income research based country, with no addiction of game, porn and western standard of sm their youth are growing much better than western youth,

These critic's are very disappointed after so many prediction .

Because our elite is not rule by election compagn speech false promesse but KPI evaluation like private company, they are very skilled.

In today's current global environment of wars and unilateral sanctions China's 5%plus growth is alot higher than many if not all Western countries.

It is but its funny that people are desperate to pretend that it isnt

China's low-end manufacturing industry is shifting, and this part is for American artificial underwear. But in high-end manufacturing, that's quite good. Since the beginning of this year, the sales of high-end industrial equipment in our company have been very good. The R&D department has been working overtime for five months continuously, and the orders are too many to finish. The performance of our products completely crushes the Germans.

Rotisserie China chicken 🍗 is quite salivating 😂

American economy is flying!

Seriously? Again? And again???

Yes, the current economy is due to consumption -- high debt and savings fuelled consumption in America and low consumption in China due to the real estate shock. These will soon pass.

since when the west prediction on China turn out to be true

"Go and visit, See for yourself" is the dumbness phrase i ever seen in my life and still people think the appearance of the place they visit are everything to shown how a country is good or bad, what a joke. optimistic on China's economics? Of course, they got 1.4 billion population to squeeze, bunch of poor country being trap by "The Belt and Road Initiative" debts. you think you know Chinese better than a Chinese? Imagine how a human will do if his finance status is collapsing at the end there's only left full of ammo in the room.

Strange with the very last point you make with free trade don’t hear the economist say that when the west is on an upper hand.