I’m seeking to invest a good amount across various markets but don't know which is safe at this point of uncertainty, I was advised to diversify between stocks and bonds, since they can help hedge against inflation, or am I better off holding cash?

With the help of the same investment advisor, I diversified my 62K portfolio across many markets and in a matter of months, I was able to produce over 356K in net profit from high dividend yield equities, bonds, and exchange-traded funds (ETFs).

Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

Hahaha bruuuh

Cuz they have a self sustaining economy

I had to double check the video title to make sure I was watching TLDR

​@@mustafahassan9756 and their own currency

​@@mustafahassan9756 the idea of a self sustaining economy is history. All economies thrive off of trade and fail when they stop exporting and lower their GNI.

I think there are various mechanisms by which poorer people are made to feel that their position is solely their fault. This happens in pretty much every society on earth. They're "lazy" "uneducated" etc. Everything but the structural issues which can be explained very clearly on graphs Yes, you're absolutely right about how people judge things by what they can see. They can't see the bankers, CEOs etc. I had no idea about how the economy of my country worked until after the financial crisis in 2008 and then I began to see how so much of it is rigged.

看来你是富裕阶层了 不知道你哪来的这个观点

看来你是富裕阶层了 不知道你哪来的这个观点

@@user-ox9qq2yy9d 你不管是出国了，还是翻墙看英文媒体，大概能推测你属于富裕阶层了（不是指绝对富裕，是按百分比来看，5%我算做富裕）。

@@OnlineEnglish-wl5rp The educated middle class tends to describe lower classes as lazy and it is so bad here. But as far as I've seen, people without high education degree have their social circle, and they don't care about education. they are very pragmatic, likely to focus on making money and having fun. They won't spend time on internet to discuss economic situations. Some of them are pretty rich because of family business, so I can't say they're invisible 100% because of they're poor.

North China hasn't been rich since the late 1800s, Henan had so many famines, wars and floods over the centuries that its reputation is the worst in China.

It's not that Xinjiang and Tibet are good places to develop economy, but that they receive more transfer payment from richer coastal areas. Basically the CCP sacrificed these provinces to develop the minority areas. If you look at the countries neighboring Tibet and Xinjiang, their GDP per capita is lower than Tibet and Xinjiang

@@bosporuXinjiang is also wealthier because it has oil

Xinjiang & Tibet are also essentially unpopulated compared to eastern Chinese provinces

@@EroticOnion23Which makes development of GDP even harder

"socialism with Chinese characteristics"

I was in Shanghai im 2016 , yes life in clty is expensive , products too. A lot of expensive cars , and other people are working like 18 hours a day for a basic living. Tho i hadn't seen homeless people living on streets , security is good. Police were surprisingly nice and were helping me when i got lost. For example in Paris tones of people are living on streets , i was attacked and robbed in Paris. America "news " will say that in China they hide homeless people or their are in small cities hiden from eye. But its a lie! I travelled though whole China on trains. From Kazakhstan border Urumchi , small cities , Beijing Shanghai , up to Macau. In small cities i saw a few beggars. In Eu much more people are living on streets. So i think this metric of flawed. Perhaps one thing what annoyed in China , is blocking of internet , had to use VPN.

@@Rom2Serge I lived in Shanghai for 7 years, I agree with all this except I also didn't find it expensive to live. It's expensive to buy a house, and it's one of those places where it accommodates people of any budget (if you want to spend $10,000 on a handbag, those shops are there) but a lot of the day to day things like eating out and public transport are crazy cheap. And by eating out I don't just mean street food, I mean you can go to really fancy-looking restaurants and end up paying maybe $15 a head, and they don't accept tips.

​@@Rom2Serge China doesn't have many homeless people because of the 1998 housing reforms :)

A rich person made their adult kid work like everyone else, they fit in like everyone else.

​@@user-ui3rn5gh2zTLDR= too long doesn't read 就是说：太长了，没有读

The longer explanation to piggyback on this, for anyone interested: China's hukou (户口) or household registration system was designed to grant the govenment greater control over internal migration. When the CCP took power, they had a massive rural population, and the need to rapidly urbanise and industrialise. However, uncontrolled urban sprawl would have placed too much pressure on limited resources, and so the hukou system was introduced. The system, introduced in 1958, required citizens to register their area of residence with the local authority, and tied their access to services and opportunities to one jurisdiction. This acted as a checking measure on uncontrolled internal migration, and allowed the capabilities of the state to be built up over time. Concurrently, the danwei (单位）or work unit, was also introduced. During the era of heavy centralised economic planning and control, everyone was required to be a member of a danwei, through which they would receive employment, retirement, healthcare and housing assistance through this entity.

@@jsb1585What would be interesting is a video on the effects of the Hukou system (and the subsequent unofficial cross-provincial migration) on the social systems (Unemployment, pensions, etc), which are supposed to be province-level systems but which require increasing balancing to support the provinces where many people actually worked somewhere else (and hence created economic benefit somewhere else), but then go home after reaching retirement.

They've probably been spending too much time on Brilliant 😆

@@jsb1585 you have a poor history knowledge about household registration system. Actually it was developed by Qin Dynesty.（BC221）The registered residence system has been used until now.

thanks for sharing

Can also notice richness change with chef wang's videos of restaurants, it really seems like anything that is something like +100 to 200km away from a big city, at least in sichuan, becomes a lot poorer. There is also that south vs north thing, guessing because north is the heavy industrial place, at least, this is what a northern chinese told me.

You're basically as shallow as the author of this video, both seeing the surface of the problem but not analyzing the cause. There isn't a huge difference between urban and rural pension systems per se, the reason for the difference is the base and year each person joins social security, basically the earlier you join or the more you put in to get a bigger pension. And your comment about $1000 to $23 is a complete fabrication. The gap in retirement pensions in China, even between the richest and poorest places, is not more than double. there is only one province in China where the per capita pension in 2023 is less than $400 per month. That's per capita, but it can't be $23. 23 dollars sounds like some kind of standard for the five guaranteed households, the ones who have no financial income, are old, sick, uninsured, and are the ones who get the subsidy. And even ten years ago, the subsidy for a household wouldn't have been less than $80 a month. Please stop the rumors. You will not get retirement protection if you are not enrolled in Social Security. But the government is still giving these people coverage, albeit at a low standard, but you have to realize that this is in the face of a population that is larger than the total population of the United States. So you're basically talking out of your ass.

Ok prove it

@@zacksmith5644 Never heard of the hukou (户口) system that separates migrant workers from their children? Never heard of Li Keqiang saying 600 million Chinese people live on less that 1,000 RMB ($150 USD) per month?

SOUTH AFRICA NUMBER 1!!!

USA

I thought I was the only one bra🥲

@aaamint9981 the third world country that thinks its part of the first world 😉

@@allliquid6320a third world so third it has the worlds largest economy and higher gdp per capita than 95% of the planet

Are you really comparing the chinese to the tories? 😂😂😂 Labour and tories are the same neoliberal idiots nothing like the chinese

Deng was one of the original neoliberals and plenty in the Tory party admired him

This confounds me to the core. I have some friends who now defend pro-business anti-worker legislation saying that's real 21st communism since it is what China does now. Like I can't even, the current world is too complex to fit our definitions

as it turns out, communism is just fascism with red paint.

@@joadic just because we have definitions for specific things doesnt mean we actually have to do those things.

exactly ❤

It was, actually...

Same here! They explained it so badly in secondary school. All I knew was that 0,1 is good and 0,9 is bad and you will never encounter 0 or 1 🤣🤣🤣 Now I feel like I understand it 🙏🏾🙏🏾

Where did the erroneous data come from？

@@user-ox9qq2yy9d Erroneous data comes from the CCP. The data that shows China is the third most unequal economy in the world comes from a long term longitudinal study by researchers at Peking University. The study results have been published for many years, but now that foreign media has taken notice, the CCP will undoubtedly shut the study down.

@@user-ox9qq2yy9d actual economists.

@@user-ox9qq2yy9dThird most unequal economy in the world based on data collected as part of a long term longitudinal study conducted by researchers at Peking University.

knowing South Africa and Namibia it a terrible position to trail them, the level of inequality in South Africa is unbelievable, like you can't image it unless you see it

Capitalism with no regulation is truly worse than a fully socialist state.

China doesn't have uncontrolled capitalism. It has capitalism under the watchful gaze of a centralized authoritarian regime.

With full communism society would all be equally as poor

Anhui is OK. Northeast is definitely not rich 🤣

@@dengist8172 idk, northeast feels better off than anhui. neither is prosperous though

@@ChoateGo Recently Anhui doing much better than NE. Anhui is China's electric vehicle base and NE was the old industrial base

​@@ChoateGoafaik, Northeast China - or Dongbei - is rather known as "China's Rust Belt", and infamous for organized crimes there

Anhui is doing way better than the rest. Not because they are great, but because the rest are sh*t.

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

Thanks to my co-worker (Alex) who suggested Ms Christy Fiore

She's a licensed broker in the states 🇺🇸

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

China's gdp per capita is lower than Mexico's last I checked. So this doesn't surprise at all either. They can throw those nice infrastructure pictures at me all the day, but the data says very clearly that the country isn't on par with the west in many aspects yet, and given the economic slowdown, I'm not sure if it will ever be tbh.

@@artonio5887 China's per capita GDP is not even as high as Argentina's, which suffered economic collapse

@@user-xq2kb5lk2j yeah, Like you said, a country so weak that even most of its people are still eating dirt is under siege by the entire Western camp.

I mean, the country was poorer than India 30 years ago. If you really except them to be at OCD levels now, then that'll be utterly ridiculous. They aren't magicians. It's very strange to me when people acknowledge that they've literally had the fastest growth in history but don't seem to realise that it's basically impossible to solve the problem immediately

​@artonio5887 first of all GDP per capita is measured between GDP divided by population, if you compare Mexico with a population around of 120 million and china with 1.4 billion well ofcrs there will be a relatively huge gap between these two countries

It’s also the 5th lowest in average number of education years (8.79), after Tibet (6.62!), Guizhou, Qinghai and Yunnan. (How much of that number however is ‘statistical drag’ as people tend to live for decades after finishing school, is another question.)

How did you post a comment on KZfaq if you live in China?

& Inner Mongolia shouldn’t have been put as poor, their GDP/Capita is higher than most other regions (natural resources)

​@@B1_66ERHe broke the law

@@B1_66ER Did you know there are even Chinese KZfaqrs i.e. not just comments, but channels that regularly post content? Yes really, and yes from people living in China itself. Some even have thousands of subs. All you need to do is check, rather than regurgitating popular talking points.

I think they should've said that 2/3 of the Chinese population are registered in rural areas, since 35% of the population living in urban areas are migrants from rural areas.

38% of Chinese are rural :)) his statistics are bullshit

66% vs 70% its close enough

+1 is the to the fact that 2/3 are registered to be the rural areas while in really it is above 2/3 live in the urban area. The people who are registered as born in the rural area but actually work/live in the urban area are unable to receive benefits tied to the Hukou system which basically says where the province where you are born is responsible for your social benifts

@@Red-Magic 66%in rural vs 70% in urban... please do the math, because I couldn't add those up correctly.

The Chinese abroad in Western countries have far more rights than foreigners do in China. China is an overtly racist society. You cannot establish a proper business there and they are total hypocrites about investment opportunities for foreign companies

The system hasn't been abolished, some cities are just trying to lower the standards. But in China's first-tier cities, the household registration requirements are still much higher than the U.S. green card standards. @Letsthinkaboutit-mb7nn

@@neojaxx Currently, only super big cities with nearly 20 million people, such as Beijing, Shanghai, and Shenzhen, have special restrictions. they will become overcrowded If these cities are not restricted,. Other cities with 90% of the population can easily move their hukou , as long as you work there for a few years or buy a house

Changing the subject, The point is that Chinese people from different regions don't have the same citizenship rights. and Beijing's population has been dropping every year since 2017.@@stunstar4553

Beijing's population has been dropping every year since 2017.@@stunstar4553

A large portion of that is China spending national funds to suppress those areas. No really, it means they get better education, more services (even if many of those services came out of the book 1984) and they're actively being settled/developed by a Han middle class as opposed to much of the Han countryside which is often ignored. Plus there's a great amount spent in those provinces on security technology and physical security and security staffing, all of which are middle income jobs. Weird, huh?

Because this video is bullshit popaganda, they did that deliberately

Per the video, China is the third worst in the world for inequality.

They should look at the uk wealth gap. The royal leeches off the taxpayers and the rich pay next to nothing in taxes while the middle class and poor fight for scrap.

​@@yopyop3241per the video . Usa is worst of the worst

@@zacksmith5644Nope. You haven’t watched the video. China claims to be on par with the US, but independent data collected by researchers at Peking University indicates that China’s situation is actually much, much worse.

Yup

If China's fertility rate overall is only 1.05 and rural areas have higher fertility rates then fertility rates in major Chinese cities must be really low which is what tends to happen in cities with expensive real estate in which people life in apartments. In South Korea the overall fertility rate is 0.72 which is dismal but in Seoul the fertility rate is even lower at only about 0.52 or so I believe. I wonder how low it is in Shanghai.

​@@geofflepper3207 lets do this israel bot Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

@@zacksmith5644 You post the same comment basically verbatim, 'based on your picture', and you call the other guy a bot lol

good to see some chinese in these videos, unfortunately the great firewall shields china from the rest of the world so it's uncommon to see you here

你用的是诺德VPN吗？你是如何通过防火长城的？

@@theimmortalemperor3605 VPN有很多厂家，我用的不是诺德

我想知道你现在进入中等收入了吗？如果你连中等收入都没到，你为什么判断其他十几亿人已经达到顶峰已经进入了中等收入陷阱？你需要的民主是什么？你为什么又觉的不可能？ 我想听听绿色的建议

My family is from such a village. It is quite complicated, but it basically boils down to the simple fact that in the modern global economy, a small farming village has next to no economic value. Measure their activity better and maybe you have a more convincing argument as to why we should invest back in these villages, rather than just leaving them. I think you would be hard pressed to convince people that they MUST remain in such villages forever.

Roads and highways are useless rivers of global warming ashphalt if your can't buy a car. They often make crossing the countryside harder, cause you have to eithier go around or walk on the berm- Just like America's homeless w/o a car. All the high speed trains NEED thousands of passengers or it runs at a massive loss. Most American cities beyond the coastlines are too far and widespread, with not enough traffic between them to justify huge passanger rail- It's just like rural China! Where's the money to keep them running at such high speeds? Off the backs of Bejing's communters? All the opportunity in the world doesn't matter if you cannot take advantage of it quickly.

@@nomobobby Not everything needs to be run for profit. How much is lost by operating fire stations and schools? How much money is subsidized in highway construction/maintenance or gas tax relief? You also don’t need a car to use those bridges, public transportation is a thing for citizens to go into the cities for work. Americas homeless situation is a separate self imposed issue from lack of affordable housing/greed keeping good homes empty to raise pricing. Fix that injustice and they’ll have opportunities to access the above.

@@ZachLDB No, not everything should be run at a profit, but the net benefit should be higher than the net cost. And especially since people are still expected to pay for more expensive hsr tickets, the investment as a benefit might not be as good compared to just building a normal rail line.

@@ZachLDB It's not about profit, but about sustainable and smart investments. The infrastructure projects were not made to benefit people of rural areas anyway, but to pump the gdp numbers and employ people. Many of those high speed rails are losing a lot of money just to operate, not to mention the loans that went into building them in the first place. If xi cared about rural areas, he would help the migrant workers of China and reform the Hukou system, there's millions of children of migrant workers unable to go to school, access service, they have no status all because Chinese migrant workers don't have the same rights as non-migrant workers.

​@@nomobobbyBased on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

Ahhh yes . Colonists writing about china . Funny

China is on many levels quite ancap

India doesn't have welfare too.But one thing china and indian own their land they dont payed property tax on the land

"their economy would become far less stable if they instituted any widespread social welfare program" You mean Chinese workers would have a little bit more protection from being sacked if they dared to organise for better wages and conditions. That's the real purpose of no or low unemployment benefit. Quite obviously they have everything they need to make things better for ordinary people there, it's just a question of politics Why are you talking about bias? Are you Chinese? Why are you always so defensive?

A lot of China’s high home ownership rate is due to homes in China only being privately owned recently. Before, they were owned by the state and handed out, and then ownership were transferred to residents living inside. It’s why almost all countries with the highest home ownership rates have history of communism. Eastern Europe and Russia also ranks extremely high in home ownership for example

You misspelled "based"

There are plenty of videos on this channel about economic inequality in the UK so why are you reacting like that?

@@OnlineEnglish-wl5rp I would guess it's 2 things. 1) western societies aren't based on the idea of equality. Communism is supposed to mean that everyone is equal and shares resources. But they are one of the most unequal counties on the planet. 2) western countries like the UK or canada certainly have in equality issues, but they are nowhere near as bad as china's.

@@ThatGuy-bz2in Lets ignore that the CCP after Deng's capitalist reforms dropped the concept of economic equality in favor of having a not dogshit economy.

​@@aiapihud4344 This argument that leans into "China isn't communist!" is so dishonest and a shifting of goal posts. China started off and for the majority of its current state was based upon marxist revolution. It wasn't until after the government caused famines that killed millions of people that Deng realized that it doesnt work and China opened itself to capitalism to fix a lot of issues while still retaining the huge power the CCP holds. All of this inequality is caused by the CCP majorly. The irony is apt

@@aiapihud4344 is the country not communist? Last time I checked it was. It is ironic that they use a political system intended to create an equal society, then tack on an economic system designed to destroy equality. And capitalism, properly managed, can have a certain degree of equality. But they went with the most unequal version of capitalism they could think of. that is extremely ironic.

It is on a per person basis.

I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.

What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........

Bot that joined 1 day ago

@@misterbig9025. Says the bot. Your Indian moderators banned my account permanently because they couldn't handle the facts about India/Indians, thus, I have created a new account. Not going to stop me, Indian bots/moderators.😏🤥🥱

@@misterbig9025. Says the Indian bot who couldn't handle facts.

@@LandgrabbingIndia type-c 🇨🇳 bot, your account is literally 1 day old

@@misterbig9025. Musahar Indian bot.🤭

yes

I mean having government system that dictates wether you are forced to become a peasant is wild and hasnt existed in Europe for over a 100 years.

Yes, but in some countries there's an even larger divide, sometimes even massively larger.

@@chrishekman6179 To be fair, it's not like they cannot go to large cities and try to prosper. Millions of them did, just look how packed are their most rich cities. If the Government was preventing them to do that as well then we can consider it forceful system, with this we really cannot.

@@2SSSR2 Not freely though. The Huco system is a thing in China, and it's a pain in the *ss.

It depends on what their costs are compared to back then. In the 60s they had the Iron Rice Bowl which provided them with certain guarantees. That rice bowl was taken away in the 80s during Deng's reforms. Fear lies at the heart of so much of the market system. That's why Xi doesn't want a welfare system since unemployment benefits make people feel a bit less afraid about asking for a pay rise since if they are sacked, they have some protection.

Going from $60 a month to $200 a month over a 60 year time period. Not sure that is very impressive, especially starting at such a low base. And when those numbers are adjusted for inflation it looks like going backwards.

Disposable rural income was around 2k yuan in 2000 and is around 21k yuan in 2023. That's a 10 times increase in 20 years. I really don't understand what people expect. Creating an economy big enough to sustain 1.4 billion people in at OECD leves isn't going to happen in 30-40 years​@@geofflepper3207

Chinese don't use usd

​@@geofflepper3207 chinese don't use USD I see you were home schooled

I'm gonna tell it to you straight, I don't think they give a shit about LGBTQ people at all (more of an Asia thing, the only country to legalise same-sex marriage is Taiwan, and its not even 'real'). But I do agree that they want more people in the cities, its just more efficient that way.

Companies are already in Vietnam for manufacturing. Meanwhile China is setting up in Africa.

I would argue they are doing better considering the short period of success they have had. There seems to be more effort to alleviate poverty and build up rural areas. Of course the coast area is overpopulated and excessively richer than the other areas. The majority of the workforce in these areas are from the provinces described as poor. The biggest problem I think is the distribution of these workforce and incentive. I must mention that the cost of things is also relative to the area. But who knows what is to happen, if we take everything by their numbers, year on year they take more people out of poverty than many countries out there.

​@@blackscreenconversations I'm not so sure that they are doing a good job. Unlike other countries that were Capitalist and thus started with a few people having a huge amount of wealth and income and a lot of people with little income China was communist in the 1970s and likely didn't have much income inequality as it didn't have rich Capitalist owners of companies, especially after the Cultural Revolution. So China started out more equitable than other developing countries and quickly changed to being incredibly inequitable. I'm thinking that in 1960 when South Korea was poor and Capitalist it was more inequitable than was China but that today South Korea is probably a lot more equitable than is China. As well, although people always talk about the dramatic rise in living standards and industrialization in China I think that South Korea, Hong Kong, Singapore and Taiwan which were all poor like China in 1950 have all made better more impressive improvements in these areas than has China.

​@@geofflepper3207China has always had rural to urban inequality. Even under communism. It's reform and development truly kicked off in 1990. By then, South Korea, Japan and Singapore were already developed countries. Taiwan was close, if not there already. China then was poorer than India. To compare them now is just ridiculous. Plus, the scale means that it's always going to be much harder to create enough industry to enrichen 100 million people than it is for 1 billion. It's relatively easy to export and manufacture your way to wealth when you have 50 million people. Less so at China's scale

Please educate me, i'm willing to make consultations to improve my situation,

Christen wilburn. understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

She's recognized as 'Mrs Christen. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

Please how do I find this financial counselor?

I'd love to know this mentor of yours

There main goal now is literally to solve this

Already happening lol

Yeah, what about the homeless, derelicts, junkies, mentally ill and zombies of America? 🤔🤔🤔

What you should be asking instead is why China gets singled out for vids like this, when it's a phenomenon seen all over the world. And the answer isn't flattering of the channel, or comments that defend it - because it farms them views. It's basically the same kind of thinking that leads channels to employ clickbait.

Stupid comment.

@@ArawnOfAnnwn A LOT of countries get called out in a similar vein. Chinese shills have no issue happily dogpiling on with derogatory comments when it's about another country, but get super butthurt and sensitive about it when it's China.

Nah mate, they’re a few neighborhoods down

​@@gideonmele1556 prove it Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

they seem to be doing well to get all this hate and jealousy from Western countries lol

Jealousy

No. Some one in "the rest of the UK" is still 20X richer than some one in rural China

@@SelfProclaimedEmperor You are comparing China with developed countries. Then I can also compare China with poor countries such as Ethiopia!

If China is poor and incompetent, why is The West so afraid of them instead of minding its own business.

@@aira4739 you seem to have missed the point. The OP was saying this was just like the UK. The guy you are replying to was point out that it is not. Similar trends exist in other countries, but China's issue is way, way worse.

​@@SelfProclaimedEmperor You forgot the fact that the cost of living in the UK is significantly higher than those of China.

China had a visionary leader in 1970s India found one in 2014 They had over 4 decades of headstart

​@@ProudTurkroachBased on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

Yeah, even World Bank mentioned in the video shows different numbers

That’s the number based on China’s BS official data. Academic Research out of Peking University and referenced in the video has found that inequality in China is the third worst in the world, behind only South Africa and Namibia.

有趣的是，由于美食文化的影响，家庭经常去餐厅吃饭或者购买昂贵食材的这种文化差异并没有被考虑进入基尼系数的计算考量之中。

They used numbers from the china family panel studies. a surveying group based in peking. so if their estimation is negative its probably far more telling than whatever numbers you scrounge up from google. sources are important.

@@boarfaceswinejaw4516 在搜索国内网站的结果之后，我发现国内的数字其实可能比这个报告的数字更大，但是国内的专家和网友对这个数据有很大意见分歧，并且由于中外差异实在太大，国内专家并不算认可基尼系数的判定方式，并认为基尼系数认定过于片面。需要注意的是，中国的土地是公有，农村其实不存在破产失地的情况。社会的快速发展产生了很多复杂的问题，有些问题并不是简单套用西方总结的定理能生搬硬套的。

90% of the population lives in eastern cities, and now you know why the population in the west is very small

​@@stunstar4553Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

Yes, but some one in a US "fly over state" is still 20 times richer than some one in rural China.

@@SelfProclaimedEmperor Obviously. The US is a richer nation as a whole. That's not saying much. You compare Americans with other Americans, just as this video does for Chinese. Else you may as well compare an Eritrean with a man from Monaco.

@@ArawnOfAnnwn 6:09 compares both a Chinese urban area to a Chinese rural area and an American urban area to an American rural area. The gap in income is significantly better for rural Americans than rural Chinese (1:4 Manhattan:W.Virginia compared to 1:12 Gansu:Shanghai).

Given that this channel covers numerous countries around the world what was it that motivated you to write that comment?

@@OnlineEnglish-wl5rp Not as much as its name implies. There's a rather heavy focus on China, Russia and Iran + Israel. And the US, which is portrayed more positively, whereas the other three are negative. No prize for guessing who most of its audience is.

They are not comparing the size of the economy in each province. They are comparing the average income per person. The same is true in the US. When area is described as poor the people in it really are poor. It does not just mean low population.

​@@adrianthoroughgood1191it's a bit harder to create a wealthy economy with sparce population though. At least when you don't have loads of oil and gas

what about if you exclude migrant workers from rural China, how large is the urban population?

​@@anesumagoba1195 There are 297 million migrant workers including short term agricultural labors. So, the number is still way off. Moreover, the income stated in the video clearly does not reflect those of the migrant workers.

In China everyone is equal In usa : your skin color makes u equal

As usual, it's all pure BS. 😂😂😂😂

Source ? Where did you get your intel from?

@@user-yx3wu8vt2w just google it

@@user-yx3wu8vt2w The guy got it from the Lies and Propaganda dept.

I think that he is saying that a huge number of people in Chinese cities may live there but have no status as citizens of the city and are officially citizens of rural areas without the same rights as other people living in cities and that they tend to be poorer than other people living in cities. So at times he is grouping rural people who migrated to the cities with rural people who stayed in rural areas.

China is as communist as the US is

Communism with Chinese characteristics

Agreed Wonders of communism Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

​@@TheTfrules communism with chinese characteristics = no 1 economy

Communism china = no 1 economy Capitalist usa = no 2 economy

For Chinese who have learned English and who use VPNs to bypass the Great Firewall, it probably is. Much of the rest of the Chinese population is falling further and further behind with less and less hope of ever escaping conditions that would be classified as abject poverty in the advanced world.

​@@yopyop3241Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

⁠​⁠@@zacksmith5644Nobody takes official Chinese government numbers seriously. Even top CCP officials have publicly acknowledged official Chinese government numbers’ unreliability and lack of self-consistency. As an institution that is dependent on funding from world governments, including the Chinese government, the World Bank is forced to rely on official Chinese government numbers. As a result, no one takes World Bank numbers on China seriously. Garbage in, garbage out. To get a realistic view of the reality in China, you need to find independent metrics and analyses. The independent data set noted in the video puts China’s inequality at third worst in the world. China tries to pretend its inequality is on par with the US (which is already bad). Reality is that China’s inequality is far worse. Independent analysis puts Chinese inequality at third worst in the world.

Point is, it’s far worse in China than almost anywhere else. According to the vid, China is the third worst in the world, behind only South Africa and Namibia.

​@@yopyop3241caught you Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

It's worse in usa

@@zacksmith5644 well, that’s just not true. USA has the most geographically distributed wealth of almost any country. I’ll put it this way, if you’re a young professional trying to make a living past middle class you can do that anywhere in this country. That is not the case in most other countries. Also- you may have misunderstood me- I was not referring to wealth inequality as a whole, I was referring to concentration of wealth in 1-2 major cities cities. Nothing to do with individuals. In USA you have dozens of cities where you can find incredible wealth and opportunities. That’s not true for the majority of countries, it’s not special to China.

@@ethanemmerich9698 wrong again . Source : world bank official website . Also go tell that to laid off bankers , game devs , software engineers , hardware devs . Unlike you , I have actual source

What do you think of Hukou?

​@@monkeeseemonkeedoo3745Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

China is also seemingly allergic to unions and welfare which for a supposedly communist country is a bit odd

​@@gideonmele1556 I imagine that things would not go well for North Korean workers who tried to go on strike. I also suspect that Stalin would not have been very tolerant of Soviet workers who went on strike.

Good question, but you can only see video content like this on youtube, they don't offer solutions, they just point out problems and data, and although they handpicked some of them, there are still people like you who are curious. I can't even type some English words on this platform. But the illiteracy rate of China's 1.4 billion people is only 2.5%, and if you look only at the illiteracy rate of people under thirty, it is infinitely closer to zero. The reasons for the problem of economic inequality are many and varied, but you can wonder why you don't see homeless people in China. According to the West, the homeless are driven to the countryside. But as the author of this video says, China has the hukou system, which is based on houses, and basically whether you're the owner of a house, or children and spouses, you're registered on a form in the area where that house is located. So they're all people with houses. Economic support is a big one, but what I can tell you is that China has the village-to-village project, and 99% of the rural areas are connected to the road network, and if your house doesn't have electricity or water, the government will connect you to it. If you don't have a cell phone signal, you will even if you live alone at the top of a mountain, they will give you a cell tower. Of course even on Mount Everest you can see the signal towers built by the government. If you're a lonely old man in a rural area then you'll be included in the policy of the five guaranteed families. That's in addition to the old man's rural pension, and you'll get 90 USdollars a month. Then the government also guarantees that your house will be in good condition, that food and clothes will be delivered to you quarterly, that you will be able to go to the hospital for treatment, and that even if you die the government will help you get buried. You know, according to the Western media, there are still many people in China below the abject poverty line. Then, I conservatively estimate that perhaps only the same number of people as the population of the United States are below the abject poverty line. I don't know which country can achieve the above guarantees. One thing that youtube video writers always miss when analyzing problems is that China is on the land of the state, at least for now. All the land in the countryside is free for farmers to cultivate. China's guarantee of the minimum poverty line is very accurate. One has a house, land and all the infrastructure, as well as social security. Even if you work, what you want to eat, just pull it out of your own field. What else do you want? Another young wife? Then I might as well go to the countryside.

​@@gideonmele1556Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

​@@geofflepper3207prove it Based on your picture, went to the World Bank official website to check the results: Netherlands 26, Russia 36, United States 39.8, Turkey 41.9, South Africa 63, all correct; but the World Bank official website shows China 37.1, why did you change China to 46 here? Why is usa above china in economic inequality

And as usual the first part of my comment was fully sarcastic

I agree with your opinion❤

China is literally one of the most automated / roboticized economies in the world. First in terms of robots total and even fifth in terms of robots per worker, despite its huge population. They aren't intending to rely on cheap labor forever.

probably still poor though

Xinjiang has a colonial entity named "Xinjiang Construction Corps", which monopolizes many aspects of the local economy and is very rich. The locals, of course, suffer.

​@@davidescristofaros2241nope

Like Beverly Hills?

Heilongjiang Province is not in China Proper as China Proper consists of 18 provinces only.

@@brianliew5901 you're right, my bad

Jilin also deprived but only economically. But both of provinces are relatively good when measured by HDI scoring more than 0.74

@@brianliew5901I’m sorry I must have missed when he said that they’re only doing a ‘China proper’ comparison. Do you have a timestamp?

@@venanziadorromatagni1641 I edited the comment after @brianliew5901 pointed it out to me

China isnt even socialist, loll

Exactly