I disagree that the US has kept most of the world at peace, when in fact the US has invaded many more countries than another country since 1945, primarily those with oil. Russia after WW1 didn't participate in world trade because not only did they suffer a revolution, but they also suffered an invasion led by the US of her allies to restore the former regime.
@PascalCoppens2 жыл бұрын
The world's hegemony America has not kept the whole world at peace, but for China, the peace in most of the Western world has aided it to become the factory of the world. I surely don't believe it was fair to all people on the planet, but it was helpful for China's growth until 2008.
@user-gr5mz8hq2s2 жыл бұрын
@@PascalCoppens by that theory, there must be bunch of chinas out there. can you name one? look at western MSM history, they've been cooking up Tibet for how long? then Xinjiang, then hkg and taiwan, and all around again nonstop. the point is they underestimated China, they never thought there would be a nation would grow like China, not in their wildest wet dream. if they knew, they would do all the necessary stuff decades ago to contain China, military included. (they as westerner)
@Shenzhou.2 жыл бұрын
@@PascalCoppens China is currently *at peace and not at war* with any country, since our last major conflict in 1979. Instead of making war, China is building infrastructure like _roads, railways, highways, bridges, tunnels, powerstations, dams, ports, airports,_ etc and investing in developing countries like Sri Lanka, Nepal, Bangladesh, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, and also African countries like Nigeria, Kenya, Chad, Sudan, Ghana, Mozambique, Tanzania, etc. Whereas the United States is *warmonger* being involved in Gulf War, Iraq War, Afghan War, Libyan War, Syrian War, Yemen War, etc, even in the 21st century. USA is bombing in those Middle Eastern countries and enacting regime change by cutting off their "heads" (Saddam Hussein, Muammar Gaddafi, etc) and then installing their own US puppet governments in place. If anything, it appears that the United States is a threat to global peace and stability.
@krelldragon1512 жыл бұрын
Strongly agree
@BigBeefLA2 жыл бұрын
@@Shenzhou. I agree aswell but if we ever have to face off US VS CHINA WE GONE SHOW YALL WHO DADDY IS
@skevx02 жыл бұрын
Unless other countries can reach the same level of production capacity, the products will become more expensive if the West decides to decouple from China and it will hurt their economies eventually. The Chinese products will just flow into Latin America, Africa and other Asian countries where more than 80% of the world's population lives.
@PascalCoppens2 жыл бұрын
Agreed. But it will take time for these countries to match the import levels from Western countries. This decade could balance more in that direction though.
@justify37332 жыл бұрын
@@PascalCoppens China will just be the factory of the 90% of the world.
@skevx02 жыл бұрын
@@PascalCoppens Yes and sadly people like me who live in the West will pay the price. Let's hope the western leaders will come to their senses and do what's best for their people.
@jaec56802 жыл бұрын
Could you analyse India's economy along with China's?
@jungtran49902 жыл бұрын
@@PascalCoppens The West ─ Especially USA can't/don't have time to train Manufacturing Tech [Technicians, Skilled Workers and Manual Dexterity Shenzhen Productions] In USA where they would have facilities? Texas like Elon Musk Mega Bat Plants? Then transport products to west? a/ USA does not have money & Apples tried bringing back MacBook Pro Laptops productions to TX failed. It will take USA 10 years to have train Tech Teams ─ that have capacities like Shenzhen ─ in 10 million of well-trained Tech's [the same mistakes USA had done with Japan - Nippon ─ who was/is an ally‼ Shanghai Lockdown and Future #SupplyChains will expose USA Shortfalls Cheers☺...
@1123132 жыл бұрын
Also pascal, nobody can rely on the americans or europeans not to sanction them because they didn't follow what the americans or europeans want.
@qilu20042 жыл бұрын
russia will be part of asia going forward and asians don't think russia the same way as the europeans do. chinese will help asia to become one big factory. mor than half of the world population is here, decouple or not there is plenty of both supply and demand here.
@PascalCoppens2 жыл бұрын
Thanks
@lisa.e57762 жыл бұрын
Asians respect the Russians . They are our neighbour for thousand of years.
@marpagapal33122 жыл бұрын
Asian nations think of Russia pretty much the same way as Europe does. The stans fear a new invasion/ colonization. For Japan is an enemy, for China its an historical rival. And North Korea doesn't really matter.
@KennyL12 жыл бұрын
On the Chinese ecosystems. This is cultural. Western culture especially American culture emphasizes individual freedom and rights. A Chinese style ecosystem is something the west will find it difficult to emulate. It is not in the western psyche to collaborate and compete at the same time.
@PascalCoppens2 жыл бұрын
Very well said.
@OP-mz3hr2 жыл бұрын
totally agree. A civilization of over 5000 years of recorded history has a culture that is different from the west. Confucianism is deeply rooted in the Chinese culture, same as Buddhism and Taoism as integrated values in the Chinese culture and family values. The value of harmony and compassion in a society has high priority. The chinese word "harmony" is highly regarded as very precious and that effort to uphold it is considered a virtue.
@tonysu88602 жыл бұрын
Obviously, you have no knowledge of the FOSS (Free Open Source Software) world. Recommend you do some reading and self-education, it dominates how software is written and is used today. Even proprietary software that isn't free usually has some part of it that is FOSS. The globe's leading research typically is run on FOSS systems like Linux. A version of the world's leading AI is FOSS (AlphaZero), and the top two chess playing programs (Stockfish and Leela) are both FOSS, free for anyone to install and use. And, ironically... Although practically the entire world's computers and the Internet are based at least in part on FOSS, China decided to go build their own operating systems (HarmonyOS and EUS) and close off the rest of the world from using them.
@johannbrauer92852 жыл бұрын
"China speed" - This is often neglected, Many people think of China as a continuum of the Soviet Union, that couldn't produce anything. In modern China, private companies provide innovation and the government provides the infrastructure to support these companies. This is a system that has nothing to do with communism but has proven to be far superior to e.g. India. One factor thst Pascal mentioned is the Chinese way of thinking. The family and the community comes before the individual. That is impossible for Westerners to understand. It has nothing to do with communism. This thinking goes at least 2.500 years back to Confucious.
@robertseaborne57582 жыл бұрын
Johann, while most of what you say is true, the Party itself ie the biggest and central red star on the Chinese flag does refer to itself as a communist party; presumably for good reason..
@henk32022 жыл бұрын
I like being an individual. I would dread the day china would be the economic and militairy nr 1 in the world. It would be 10x worse than the american empire. I hope we will get a decentralized world with freedom of expression privacy rule of law independent journalism and some democracy although the last mentioned is an abstract idea that doesn't exists. I don't want a behaviourist panopticon society where propaganda will tell is what to think and only get jobs houses jobs food and money like domesticated animals.
@nightowl72612 жыл бұрын
@@henk3202 Move to Mars
@lindakingsley94862 жыл бұрын
Their speed is cheap and it collapses to the ground.
@lindakingsley94862 жыл бұрын
As for the way they think. They can not think if you look cognitive and critical thinking is jail or death. There are no choices in China. Only what the CCP says and nothing more.
@davidhung97172 жыл бұрын
absolutely depend on China, no other place in this world has many competitive advantages like China,: integrated infrastructures from production to shipment, cheap and abundant source of energy, less complicated regulation, domestic market, so many talented employees with a lower salary, accessible raw materials
@coryporter58332 жыл бұрын
Murdering 15 million people to negate the effects of 25% tariffs by seeding a scientifically-proven bioweapon across the globe has forever ruined the Chinese Communist Party’s place in this global community of ours
@bitter_truth86462 жыл бұрын
Well, we will change that. We must think our national and local interests and we will...! Especially now with the deglobalization.
@multipolarworldorder2 жыл бұрын
In 2000 Putin asked if Russia could join NATO and the EU and was rejected by the USA and the West. In 2001 after 9/11 Putin offered to Pres Bush for Russia to fight terrorism and again the offer was rejected. These rejections are very significant to the situation today.
@joeawk2 жыл бұрын
US does not want competition in Europe.
@Shenzhou.2 жыл бұрын
The United States is the most powerful country in NATO, so the admission of Russia into NATO would challenge U.S dominance over NATO, and that's why Russia's admission into NATO was rejected. The U.S believes that only they are allowed to puppeteer NATO.
@makemap2 жыл бұрын
@@Shenzhou. Russia is too big to be in NATO anyways. The rest of the world would already see broken treaty of Cold War. India and China will see it as major expansionist threat.
@Shenzhou.2 жыл бұрын
@@makemap Too big? If a big country like the United States can join NATO, I don't think size matters as a consideration. However I do agree with your second point that Russia joining NATO would be taken as a major expansionist threat by India and China. The best thing would be to dissolve NATO, since after the USSR's collapse, it doesn't serve any interest, except perhaps the U.S's hegemonic interests.
@makemap2 жыл бұрын
@@Shenzhou. NATO came out of US moron. The only reason NATO exists. North American. Russia has half of fking Asia. Entire Asian continent would be pissed to see NATO at their door step attempting forceful joining and merging. Why you think other Asian countries create ASEAN? It is to stay away from European military puppeteer under NATO. It is exactly what USSR did with other countries army before grand takeover. NATO is playing the same game, if not better and worst at the same time due to white supremacist infiltration. First the military will all back each other up. Then the civilians will be put down and the country will be forced merged. Go look at Axis Pact when Hitler was forced to send troops to help Italy and started taking over Italy before rebelling. Same thing happened with French under Vichy French. US is exactly Germany from Axis pact right now. They will be the ones forced to send troops to help when one NATO country decides to attack Asia.
@ht28662 жыл бұрын
I believe the China's success is all about good governance based on meritocracy to put the most talented people on the right position and long term planning. Add hard working plus determination you'll have a wining formula. No miracle comes out of nothing!
@oliveweir85082 жыл бұрын
cf Australia lol
@nathanneiman2 жыл бұрын
And the West, on the contrary, becomes an Idiocracy.
@thisiskevin10002 жыл бұрын
And long term economic planning
@neon18992 жыл бұрын
no, it comes from treating workers like commodity and not even pay living wages, that's how China became manufacturing hub.
@pengjunsun36832 жыл бұрын
You are absolutely to the point
@kean-leongang11672 жыл бұрын
The "world" in your context are just the western world suffering the inherent "fear of the Yellow Peril". That's just about 20% of the world population and about a third of the world economy. Yeah, that will rock China a tad if your "world" decides to decouple from China. The rest of the real world are thriving working and doing business with China. In another topic, I challenge Pascal to talk about the western fear of the Yellow Perils that has been ingrained into the western psyche for 800 years since the Mongol nearly conquer Europe. If nothing else, explain the rational why US passed a law 130 year ago that exclude Chinese immigrant. I think it's called "Exclusion of Chinese Immigration Act"
@PascalCoppens2 жыл бұрын
I did write some pages on the Yellow Peril in my new book. I agree that the world is much larger than the West, which I also explain in my video. But from trade point of view, the smaller West still represents the majority of imports from China in monatary value.
@Anonymous------2 жыл бұрын
To really understand this current world politics no one should skip reading about Mystery Babylon led by the Beast that dictates the whole world in the Book of Revelation.
@thisiskevin10002 жыл бұрын
He's not a historian but an international business expert.
@LudihemicarBg2 жыл бұрын
USA,EU, Aus, Jpn, S.Corea and Canada are almost 2/3 of the world economy PS-I am not from these countries
@Anonymous------2 жыл бұрын
@@LudihemicarBg China's economy will be greater than all those countries combined!
@resnica35572 жыл бұрын
@Pascal Coppens, If Russia and China have be to referred to as "regimes, what should Belgium, Germany, and the UK (which has just blocked the Russia's request to hold an independent investigation into the so-called Bucha massacre/genocide at the UN Security Council, and twice consecutively) be referred to as? Belgium regime, Germany regime, and the UK regime?
@PascalCoppens2 жыл бұрын
Regimes is indeed a way to describe another way of governance that typically the other regime does not agree with. When I use this, I do this to emphasize the opposing view of people is, not to confirm it, as my goal is to give more context to China.
@Albion80s2 жыл бұрын
Glad that you point this out.
@Andy-P2 жыл бұрын
What is the evidence for blocking investigation of what happened in Bucha?
@resnica35572 жыл бұрын
@@Andy-P , One would have to ask the Brits for that.
@Andy-P2 жыл бұрын
@@resnica3557 There is none from what I can see. Bucha has shown the world what happens in Russian occupied territories. While I don't see NATO getting invovled they will help with weapons and finance.
@ellashy65392 жыл бұрын
the topic gives a very interesting perspective but at the same time another question would be can we trust the financial system of the west after looking at how they can weaponize the financial system
@PascalCoppens2 жыл бұрын
That is a great topic. Will make a video about it for sure. thx
@bingbong51592 жыл бұрын
US dollar is backed by trust of the value and faith in the US government. The trust/faith will last until it doesn't. But US dollar is also backed by its purchasing power.
@algung25222 жыл бұрын
@@bingbong5159 ...us dollar backed by its purchase power? Please explain?
@EGvids12 жыл бұрын
@@bingbong5159 Trust in the US government? there isn’t trust anymore on the dollar. The placing of sanctions has caused this. Nations are slowly moving away from SWIFT.
@bingbong51592 жыл бұрын
@@algung2522 All currencies are “backed” by their Purchasing Power, i.e., what you can buy with them. If no one will accept a given currency in trade for goods and/or services, that currency has no value. That includes the US dollar. Which is to say that the USD is “backed” by The economy of USA (whose 330m people are 4.25% of the world population and not all of whom work, but who produce 20% of the world’s total economic output/income), plus every other entity in the world that will accept the USD in trade for goods & services. But, the purchasing power of the U.S. dollar has fallen over time, as money supply has grown. The trust of the value and faith in the US government have also fallen over time, as the huge debts, inflation, sanctions on other country, stealing/freezing other country reserve/asset and etc.
@BENG52652 жыл бұрын
You can manufacture BUT you must also sell. Can you compete on cost and price? Even most Americans buy MADE in China because of affordability for quality.
@seantero51022 жыл бұрын
Even the cap worn by Trump in the Boycott China campaign was made in China.
@ThomasTomiczek2 жыл бұрын
THAT is actually the crus. Over and over and over the west shows it prefers cheap to local. Until that changes - and people basically take the financial hit - china wins.
@user-lx7kx1dd3q2 жыл бұрын
China isn't going to stop any country to be factory hub for export but the question is does they have what it takes to produce like China. I'm not talking about quantity here but capability to produce a product in efficient and low cost manner
@calvinblue8942 жыл бұрын
No..they don't have.. India is corrupted.. Indonesia is not efficient.. Mexico is full of cartels Only Vietnam maybe .but Vietnam is too small relative to China
@PascalCoppens2 жыл бұрын
Not easily over next 10 years in my view.
@Shenzhou.2 жыл бұрын
Agreed. China is not stopping any other country from becoming a factory hub for export. But China is setting the "standard" for the next factory of the world (if any) after China.
@thorsb6062 жыл бұрын
The US will not be competitive until the dollar loses its reserve currency role. Meanwhile, the EU will become less competitive without the cheap Russian energy it has relied on for so long, not to mention the many, many other commodities Russia produces. They seem determined to cut their economic sustenance. Frankly, things look bleak for Europe.
@sociolocomtsac2 жыл бұрын
Of course. Before China, it was Korea, before Korea, it was Japan. Cheap labor is cheap labor and now that Chinese competitiveness is in decline, Vietnam, Indonesia, India look like good alternatives.
@aldaman27252 жыл бұрын
Thank you for this very unbiased and realistic analysis. “The future is Asia”~ even a blind man can see it coming!
@PascalCoppens2 жыл бұрын
Glad you enjoyed it!
@aldaman27252 жыл бұрын
@@PascalCoppens Like always. And, please keep them coming!
@tantan21322 жыл бұрын
@@PascalCoppens the west needs China more than vice versa , go decouple all your factories from China and see who suffers more , in case anyone has any doubt.
@tantan21322 жыл бұрын
fact is : we are well prepared for any slime the west is planning to throw at us , no big deal even if China stops all contacts with the west , we have reached such a stage of self-rejuvenation that nothing can stop us from turning out better and better products (design quality price) at a faster and faster pace.
@abale17292 жыл бұрын
I use to think the same but having been to China, I know better now. It's a country built on sand in a place that has lots of earthquakes. Just a matter of time before it all falls down.
@max-cs9ko2 жыл бұрын
In Russia Ukraine conflict, even India is also supporting Russia and buying oil from them in Rupee-Rubel currency swap, tbh it's the first time in Asian politics that China, Pakistan, India, UAE etc are taking common stand, it really difficult to predict future of dollar economy right now
@PascalCoppens2 жыл бұрын
True
@oneviwatara93842 жыл бұрын
Every soon all the central Asia countries, South Asia countries, East Asia countries, mainland southeast Asia countries, island southeast Asia countries, Africa, central and south America, Russia, and non NATO members of western European countries will be united against US led NATO.
@ThomasTomiczek2 жыл бұрын
Actually no, it is not. The dam is breached, the dollar will go down. The question is the timeframe, but there is no difficulty in predicting that it goes down. Not with the US also being over in debt and approaching some very bad inflation and recession.
@relaxwhc2 жыл бұрын
If you enjoy this video, raise your hand to show Pascal Coppens your undying support and appeciation and send your wish so that his new book will sell well 🙋♀✋👍
@PascalCoppens2 жыл бұрын
Thanks!
@relaxwhc2 жыл бұрын
@@PascalCoppens you're welcome
@willeisinga20892 жыл бұрын
I raise my hands
@tandyawanchen82172 жыл бұрын
The only problem with today's problem is U.S warmongering behavior that caused the crisis in Ukraine, so totally disagree with the claim of U.S keeping world peace. There would be no problem at all if U.S and E.U could operates fairly and honestly, the days of colonization should ends.
@Andy-P2 жыл бұрын
Russia caused the crisis and China supporting Russia is concerning for the EU. De-coupling and changing some supply chains will continue.
@tonysu88602 жыл бұрын
That suggestion that the Ukraine war is caused by the US and EU in some way is preposterous and ignores what Ukrainians themselves from Zelensky to the ordinary person on the street are saying. Your perspective of finding fault with American policy is promoted by people like Prof John Mearsheim (University of Chicago), saying the people of Ukraine are misled and swindled by liberal Western democracies who entice the people by putting crazy thoughts in their heads that they should be entitled to choose their own leaders and govern themselves. Prof Mearsheim and others who support this theory don't believe in the inalienable rights as described in the American Declaration of Independence that no matter who you are and where you live that every person has a right to pursue life, liberty and happiness. Instead, Putin has his rights to autocratically decide he is the best to rule the Ukrainian people, and in fact the Ukrainians and Russians are one people to be brought back into a Russian Empire. I think that if you also look at every war the United States has ever been in, the instances where the US has invaded and conquered to take territory and rule the people are very rare and not the recent wars during your lifetime. Those rare wars that resulted in the American territories of Puerto Rico, Samoa, Guam, and the US Virgin Islands and do include places like Afghanistan, Iraq and Vietnam. After practically every conflict after the problem objective was neutralized, the US has left and allowed the people to choose their new government even if the government may be at times very unfriendly to the US (No one can say the Taliban or the existing Iraq government are US puppets). You'll probably also find that practically every country no matter how big or small or whatever political type has had an opportunity to succeed under the current World Order, because small countries can usually depend on the US to protect their interests from bullying countries even if they they don't have a military to defend themselves. Only those who are bent on destroying the World Order attract the attention and possible ire, and they include violent terrorism as well as invading countries.
@MMLL3692 жыл бұрын
@@Andy-P What about the many crisis that the West has brought upon other countries in the past 50 years? Oh I get it, they were not caused by Russia or China so they don't count. De-couple if you wish. your lost. Each EU country has their own advantages and disadvantages in terms of raw materials, labors, technologies ... etc, and it basically requiring efforts all of the EU members to form a basic self-sustainable supply chain; the question is, do you actually think the EU members would all actually be united as one? Or likely it would take them another 100 years, debating on gender issues?
@Andy-P2 жыл бұрын
@@MMLL369 I never supported those "forever wars" the west shouldn't of got so involved.
@gezhang-nu2vv Жыл бұрын
But the US is still in the Cold War mindset of a century ago and will not change until it fails, and like other empires, history repeats itself.
@sociolocomtsac2 жыл бұрын
Before China, the factories were Korea/Taiwan/Thailand, before Korea, it was Japan. Cheap labor is cheap labor and now that Chinese competitiveness is in decline, Vietnam, Indonesia, India look like good alternatives.
@linmal22422 жыл бұрын
You got it !
@MMLL3692 жыл бұрын
The truth is, it doesn't matter if the products were made in Vietnam, Indonesia, Cambodia, Pakistan...etc, a lot of them were just Chinese owners relocating their facilities to these countries for lower cost of labors. Raw materials continue relying on the supply chain in China. I personally was hired on a project for such relocation. Old equipment were shipped to the new overseas plants while, the original plant received updated, advanced and environmental friendly equipment.
@pahatpahat95662 жыл бұрын
With robotic engineering, it simply means the Chinese people can "work" much longer in productive environment in a manner; meaning extending the usefulness of a person to his society. Hence, the popular suggestion that China will be shortage of workers may not have that much impact on her shrinking birth rates.
@tonysu88602 жыл бұрын
It's always risky for any country to rely on anything else than raw population numbers for national productivity. It's a simple proposition. Every child or human citizen will almost certainly work and contribute during their lifetime so population growth almost guarantees productivity growth. But, if you rely on ingenuity, invention and technology to fill that gap of a couple percentage point population decline every year, that's a couple percentages you're short before you even start counting productivity. It's a major drag which maybe doesn't look too bad in today's Chinese economy but in 15 years or so from now could look completely different... Maybe the Chinese economy in 15 years isn't producing 7.5% or more annually. Maybe when the CCP transitions off debt-based Real Estate growth, new GDP growth won't look very good.
@rainnchen96322 жыл бұрын
@@tonysu8860 Not everyone wants to be born just to contribute something tho. Better still to have robots than find out your children hating to be alive lmao.
@Shenzhou.2 жыл бұрын
China is not stopping any other country from potentially becoming a factory hub for export in their own right. What China is doing is setting the _"standard"_ for the next factory of the world (if any) after China.
@josephli75482 жыл бұрын
China will not sanction any country which wants to surpass her .
@jamesho88202 жыл бұрын
Thank-you Pascal for this most insightful sobering discussion. I agree with your arguments having been a keen observer of China since the 80's when I was an exchange student. Can't wait to get back for my periodic visits.
@Zerpentsa65982 жыл бұрын
China should not remain as the "cheap" manufacturing option. It should go up market by producing high quality products using automation. The higher premium from higher end product should not be passed on to western consumers but reinvested in China to produced better living conditions for its people.
@Awaken20678337582 жыл бұрын
China is big enough to do both, and they are doing it
@Shenzhou.2 жыл бұрын
China is not trying to stop any other country from potentially becoming a world factory in their own right. What China is doing is improving our manufacturing capabilities, and basically setting the standard for the next factory of the world (if any) after China.
@rap32082 жыл бұрын
China is trying to shed the cheap or low tech manufacturing. It wants and actively trying to attract the high yield - high tech manufacturing because its labor is also becoming high. In fact, it is bringing its low tech or medium technology factories outside to its nearby SE Asia neighbors and some in africa and europe where labor is cheaper.
@makemap2 жыл бұрын
China is not just cheap the quality is improving because of better system than the West who only profits over lives. I was comparing US made and Chinese made on some items and Chinese can do better at a much lower cost. US killed itself by going against the constitution and Abraham Lincolns warning. US is suppose to be full of civilian militia to say no to any kind of slavery and slave classing esp when it comes to Corporation. That never happen. Look at US right now. You can see the old pyramid scheme of European colonialism. So much for freedom, am I right? The excuse would be calling it communist.
@leonal5222 жыл бұрын
Hey, there is an interview with Chris hedges by cgtn I thought you might be interested in. kzfaq.info/get/bejne/mqinl7ypvKmmh2w.html
@michael5111282 жыл бұрын
Why does China want to be the factory of the world? One reason the US pledged One China Policy with China in 1978 was because they wanted cheap Chinese labor and move their factories to China. Now China build infrastructures along the Belt and Road and Chinese factories build factories to use cheaper labor in those countries. Chinese factories also invest in rich countries; they own Volvo, Range Rover, Bentley and thousands of factories. For a couple of centuries white western imperialists invaded poor countries for resources and labor to make factories there. They do not invest, they invade. The US took over the world from the British at the time of industrial manufacturing. They let factories Germany and Japan to grow under US international law, US dollar banking and loans, US Wall Street financial markets, US offshore money laundering while stationing troops on their grounds to protect US interests. They let them grow under US control and be rich US slaves only sometime. Japan is a prime example. Okinawans have been protesting for US bases to leave for 40 years but there is no democracy.
@oliveweir85082 жыл бұрын
Japan is occupied by the US Military. They have lost their sovereignty, their culture and their freedom. The US is using them for a comfort stop. Schoolgirls display themselves on street corners. Families are falling apart with the rise in Pornography Drugs. Prostitution and their cruel work culture The suicide rate is extreme. The US has the upper hand so Japan is stuffed. And the people are never going to be their own masters while the US runs their show. Very Sad!
@480darkshadow2 жыл бұрын
Democracy is a bad system, it’s a good thing there’s is no democracy there
@thisiskevin10002 жыл бұрын
Nope. This is the start of regionalization of supply chains, first seen throughout the pandemic and Trump-era trade wars. Today's China is like Japan, Germany, Italy, Switzerland, Austria, Czechia and Korea - also an exporter of machine tools and other industrial equipment and whole factories, autos, ships, defense systems, railways/locomotives, aircraft and aerospace equipment, chemicals and advanced materials
@samad32512 жыл бұрын
Where's Chezia? Do you mean Czech Republic 🇨🇿, I had only seen one product in my life that’s made in Czech, that’s a binocular from the Socialist Republic ofCzechoslovakia. I think Czech lives on the welfare cheque provided by 1st class European Union 🇪🇺 members like 🇩🇪 🇫🇷.
@makemap2 жыл бұрын
US trying to puppet China will not work. China is a land of curse for foreign controllers since the Mongol invasions.
@thisiskevin10002 жыл бұрын
@@samad3251 Czechia is the official name of the Czech Republic. They're a major producer of machine tools and other industrial equipment, autos (Škoda under Volkswagen Group), locomotives/railway equipment, chemicals and even IT products.
@estevencamacho2 жыл бұрын
I am so sick of hearing about the way Americans label governments that don't kowtow to the US as "regimes". What have we had the last 100 years that was positively change these "regimes'' that was beneficial to us?
@francisdayon2 жыл бұрын
Weird that KZfaq totally took you off my recommendations. I had to search manually that you actually had new videos.
@oliveweir85082 жыл бұрын
Also 136 countries have joined the Belt and Road . Is that a vote of confidence or what? How many countries have joined Build Back Better? China will help those countries to develop whatever factories infrastructure they will need to progress their economies
@PascalCoppens2 жыл бұрын
That is indeed a lot of countries. We see same countries when it comes to not putting sanctions on Russia. Telling
@chancellortsang2 жыл бұрын
Pascal said that usa kept the world at peace. Laughable to say the least.
@PascalCoppens2 жыл бұрын
From a globalisation perspective, I do believe US did.
@chancellortsang2 жыл бұрын
@@PascalCoppens What usa did and does go against globalisation; sanctions for instance. Freezing the reserves of other sovereign nations does not make peace.
@Shenzhou.2 жыл бұрын
In 2020, China overtook the United States as the world's largest recipient of foreign direct investment, having brought in *$163* billion in inflows, compared to *$134* billion attracted by the United States, according to a report by the United Nations Conference on Trade and Development (UNCTAD).
@creatorhunterwildlifefishe73882 жыл бұрын
Alri GF HT
@multipolarworldorder2 жыл бұрын
I read there are 70,000 US companies in China and over 90% making profits.
@PascalCoppens2 жыл бұрын
I read that too. Most US companies making losses in China left already.
@oliveweir85082 жыл бұрын
And millions of non-US
@behtereen41872 жыл бұрын
Good question: "Can we trust China ?" How about turning the question around and ask " Can the world trust us ?"
@PascalCoppens2 жыл бұрын
Sure. I include much of that as well
@guyh99922 жыл бұрын
Australia is backing India and has just finalised an FTA after ten years of negotiation. Australia has been in the position twice before where she needed to versify her markets, in the 60s with the end of Commonwealth Trade Preference and 90s when Japan decided to diversify her own suppliers. It is all part of being a trading nation.
@theneutalist71792 жыл бұрын
Excellent insights. The world shouldn't exclude China, they need to work with them
@crazyjohnhoward2 жыл бұрын
The world should exclude the troublemaker USA
@dperreno2 жыл бұрын
Your talk omitted the most pressing problem with doing business in China: the unpredictable and increasingly harsh political issues caused by the CCP. The fact that your company could be banned from doing business in China at any moment due to a tweet by an employee. I believe that this is a major driver of western countries' desire to decouple from China and relocate to other regions where they do not feel that their very presence is at risk if someone says something that offends the national government.
@user-vr6io5xb9e2 жыл бұрын
Very accurate analysis from someone has knowledge of both West and East. Because you have to understand the culture too in order to see how and why.
@PascalCoppens2 жыл бұрын
Thank you. Appreciated!
@mohammadrezajafari84522 жыл бұрын
OMG 😲 You are amazing in analyzing China 😍👏🏻 This video is full of info. And it's amazing 👏🏻
@PascalCoppens2 жыл бұрын
Glad you think so!
@stephentan78812 жыл бұрын
Very forward looking and comprehensive on a very dynamic manufacturing sector in China.
@PascalCoppens2 жыл бұрын
Thanks!
@CondenseFact2 жыл бұрын
We ought to be careful when we refer to “the world”. The trend is that the collective West is de-globalizing. It is very different in the global south. When you localize, it at the very least means expected higher inflation, lower productivity, slower growth, etc. that lowers the standard of living. Furthermore, the conventional wisdom that the West is rich and there are billions outside China simply lining up to produce goods for the West is unfortunately a myth that will be shattered disastrously when the currency of exchange shifts from the collective West, which it will. It doesn’t even have to be a replacement, simply having an alternative that is non-western is enough to threaten the bursting of those beliefs. The end of living beyond our means and excessive money printing is fast approaching.
@trekpac22 жыл бұрын
Pascal, you have put together a very comprehensive look at China as the workshop of the world, covering many points that I as an Asian expert haven't even considered. You have combined a high intellect and much knowledge on the subject to make a strong case for China continuing to be the chief supplier for the world for many years to come. Thank you. I learned a lot from listening to your talk.
@PascalCoppens2 жыл бұрын
Thanks
@krelldragon1512 жыл бұрын
The factories of China are bringing them prosperity and development while the factories of U.S weapons industry are bringing them down .
@gezhang-nu2vv Жыл бұрын
Support for China represents peace, support for the United States represents colonialism
@cinpeace3532 жыл бұрын
The world factory status will spread out to other countries in Global South while China will provide the automation machinery and management to facilitate it.
@kl95182 жыл бұрын
It already has. Africa and South America. Chinese companies have even gone to the west like America for manufacturing.
@willeisinga20892 жыл бұрын
I had contact with China. For 10 years now. I get one person that knows me. Hebe Hu. Hallo Will. Like a friend of family. She is always there to help with invoice problems, ISO, CE, Rheinland TUV. What I need she knows and cooperates. In the Netherlands start the Trouble. Allways different people, nobody knows, I have to explain all the time. Other companies the same. One person that knows me. I have Solar from China, Heatpump made in China. 10 years no gas. No Energy Bill. No Earthquakes. I am China fan. My contacts say, before Covid. Will come to China and visit our Factory. It was a real working together cooperation. Solar, Heatpump, Electric Busses, Groningen has 200 Ebusses from BYD. Ebikes EScooters Batteries. Thank you for your explanation and good Video.
@crazyjohnhoward2 жыл бұрын
The real question is this .. will the world pay double the price or more for buying the same products produced outside of China? If the answer is No, China will still be the manufacturing powerhouse of the world.
@gezhang-nu2vv Жыл бұрын
Countries are mutually beneficial, and whoever is the first not to purchase Chinese goods will be the first to lose global competitiveness. This is reality
@ryanwschneeberger2 жыл бұрын
A very thoughtful analysis and I agree with some aspects but I think you still have some blind spots to cover. 1.) Xi is re-establishing a centrally planned command economy and this is going to poison a lot of those advantages. 2.) The "green" products are made with dirty energy in China and there are almost no environmental regulations. We in the West may feel better but we are simply harming the planet on the other side. 3.) Automation requires cheap energy and China sits at the far end of increasingly costly and attenuated supply lines without a blue water navy to protect them and plenty of adversaries along the route. 4.) Geopolitical risk. The Russo-Ukraine war has shown us how quickly the world can turn on a regime that violates the global norms and the CCP continues to sabre rattle over Taiwan. 5.) Demographics. According to current trends, China will be about half it's current population by the end of the century. This is due to the one child policy and the abortion of a great number of female fetuses.
@jeroendebruyne21652 жыл бұрын
6) Quantity over Quality: you refer to enigineers. Not to say there arent many very bright minds who graduate in China. But generally the competence is a lot lower than western standards. 7) Huge infrastructure projects... Yes. But a lot of these projects are very non productive and were only set up to keep inflating various bubbles. Bubbles that are popping in slow motion as we speak. 7) Deep mistrust from many partners and not to say all neighbours. It is one thing to do trade but it is another one to accept to the heart an economical superpower as a dominant and leading example.
@ryanwschneeberger2 жыл бұрын
@@jeroendebruyne2165 Good points. 9) Labor costs. The migration out of the countryside to increase urbanization has ended and even before the trade war, incomes had risen enough to erase the advantage of labor costs in China. Southeast Asia, while smaller in population and skillset, now can now better compete on low skilled labor.
@jppagetoo2 жыл бұрын
The current world shipping situation shows the flaw in JIT manufacturing. The only way to fix it is to put the suppliers closer to the users. It is clear we cannot have such long and fragile supply lines. So some critical manufacturing will be re-localized.
@1123132 жыл бұрын
Also pascal...why does anyone automatically defer to wanting to buy from the americans as the default? Why must the african nations buy from usa as the default? Why not china?
@PascalCoppens2 жыл бұрын
you are right. Why not?
@1123132 жыл бұрын
@@PascalCoppens i am unable to answer why countries shouldn't buy from the usa as the default answer. I sense that the general sentiment among many economist/politicians seems to be "usa good, so buy more. China bad, so buy less, but because china cheap, therefore buy more."
@joelui94982 жыл бұрын
As a native chinese,I have been doing R&D on electronics products in Shenzhen for 10 yrs. I can tell you , the story is not so beautiful. China are.facing lots of problem. The one child policy in the past 30yrs already kill this country. The Z generation problem will be similar to japan........The second worst is the government policy, they are doing top level frighting now, the current situation in Shanghai is the most obvious result........there is a pro-open-door policy people vs anti-western people in Shanghai.........who know who will win........
@PascalCoppens2 жыл бұрын
Thanks for sharing. I agree China has many problems to tackle still. Personally, I believe China policy is in a phase of control, but I am confident it is a cycle as always, and will lose up soon again. I could be wrong.
@rsiow22 жыл бұрын
I can see this masterplan working out excellently if they can execute every part of it. If people place a strong emphasis on environmentally manufactured goods and China can do a massive shift in this direction, its a huge win. With all the investments made into the infrastructure to make this happen, they will be the only player that's both environmentally friendly while being affordable.
@jradcliffe49682 жыл бұрын
This global thing has got way out of hand over the decades , we will ship our type of cars over to you , In return you ship your type of cars over to us. How stupid can it get .
@tyme58372 жыл бұрын
Vietnam's economy will benefit tremendously from this new world.
@PascalCoppens2 жыл бұрын
I do recognize that
@clearcut68182 жыл бұрын
Decoupling is inevitable, and China wants out too. Europe is going to be as poor as Africa.
@PascalCoppens2 жыл бұрын
Or Africa will become as rich as poorer Europe.
@clearcut68182 жыл бұрын
@@PascalCoppens I'm specifically thinking Germany and Nordic countries which don't have energy security and are not part of the belt and road initiative. The tide has turned.
@godwinmarvo90122 жыл бұрын
I really feel sorry for your mindset But I want you to know two things in mind 1) there were countries that was world factory before china and there are going to be countries to take over from china 2) Europe/USA was already rich before china started thinking about building china
@clearcut68182 жыл бұрын
@@godwinmarvo9012 such a narrow minded viewpoint won't age well.
@saberthelion2 жыл бұрын
This is a rare insightful view coming from the West. I've been following many western analysts (German and English) and comparing them to the Chinese counterparts; my impression so far is that generally the East understand the West much better than the West understand the East. Of course I'm no expert that's why I like to see different views, but if this were a competition, I don't think it's bad to know your opponent better they know you.
@ivanho72682 жыл бұрын
Thank you for your realistic, facture analysis , and confidence of China's directions. The west has aspirations to decouple or rely less on China's productions capabilities, which is not a bad thing. But desire and tangible actions are very different, as we are witnessing the west are spending lots of time and their energies on geopolitics, conflicts, confrontation, containment, etc that lead to a destabilising world which likely to cause backlash.
@AA-no6me2 жыл бұрын
with the increased slander on China causing increasing Asian hates, it would be best for Asian to stay in Asia instead of migrating to the west to build their country, also for those that has migrated to return to Asia
@gj85502 жыл бұрын
Brilliant analysis.
@PascalCoppens2 жыл бұрын
Thanks
@anilachucelebs46152 жыл бұрын
China has a long term perspective, they are playing very cautiously and carefully Improving living standards of people because they are not just producing labour for American and European companies they are innovating themselves.
@kanpakloy82122 жыл бұрын
Tpo try Pacal.Tbe US & many countries in the West had been too co.acemt & patronising. No all the people in the West r like that but majority behave & think lime that to the point they had gone lazy & go for the easy thing & do not wasn't to work for it. The same thing also in M'sia where the previous government there had made it easy for the majority of certain. race to get things easily. Plain easy put it they have become leeches only think of suck blood . This people want fame, glory & comfort but not willing to work for it.
@iland3002 жыл бұрын
Thanks for the Program. USA focused on Military for 30 Years and forgot the Economy and Health. Now, USA can not fix it, specially with the infighting and corruption between the two Parties. I think Europe can play the role and grow with China with Germany in the Center of it.
@dejavue30132 жыл бұрын
Go China!
@morrisdyer95602 жыл бұрын
As long as China keeps its currency as is. The Western colonialist nations can not resist the greedy call to buy low and sell high. Greediness is our down fall. We don't even have a good five years plan.
@panzhao1482 жыл бұрын
i can't judge it now what i am sure is :china decouple from unfriendly country brand too. unfriendly country's good was boycotted by chinese.such as cars 、consumer goods and so on. i predict that apple will fall in china in 2 years (they performed good now) nationnalsim happened in both west and china.
@PascalCoppens2 жыл бұрын
You indeed see that happening
@joandelur44072 жыл бұрын
when more than the 70% of the peoples world population has created a new multilateral commerce free union to commerce in the world..no way to fail because is what the most want; those that are becoming de-globalized are paradox those applying sanctions, isolating themselves, a little bunch of countries invaginating in own ignorance, egoism and hysteria, the World 'em likes or not, has changed.
@CommonSenses1012 жыл бұрын
China shifts away low end products.. They focus more on high end products, more value added products. China uses automaton, AI, Machine learning in every field these days.
@kdroy36812 жыл бұрын
Wow! What a pack of information on economy, political economy, geopolitics -cum-economy having a vision towards, at least, near future! In my opinion, despite China being a capitalist economy, the managers of it have made the difference in a different way from others! They happened to have control over the capital and distribute the benefits of it among people through mass participation in the system! Jean Jaurès, the French socialist, having a look at the traditional capitalism said.."Capitalism carries war within it, just like clouds carry rain"!
@PascalCoppens2 жыл бұрын
Thanks for adding the quote of Jean Jaurès
@Ruteger1002 жыл бұрын
It makes sense to spread your supply chain out to different areas. China made the case for this when it threatened withholding pharmaceuticals from the US, Australia and Canada for daring to inquire about the origins of the pandemic that has killed over 7 million people world wide. It's safer and more equitable.
@PascalCoppens2 жыл бұрын
The issue with inquiry on origin of covid, was that it became politicized. Economic threats to pressure countries is never a good idea, but this is what the West has been doing for long with its economical sanctions. .
@snowman52022 жыл бұрын
The chopstickcountries, China-Japan-S Korea-Vietnam-.., have the most productive workers due to their work ethic. Among them, China has the advantage in sheer size. Any countries want to decouple from China, which is linked to rest of the Asia, will pay much more for any product produced elsewhere.
@oliveweir85082 жыл бұрын
My country Australia wants to dump China. Bad Move...... but our leaders are thick as 3 planks!
@Myway01072 жыл бұрын
You really broaden my horizons of the China manufacturing. I realize the fact of quantity the world does not see that as you see. Once you are successful in China, you are successful in half of the world and can go global a lot easier.
@proudeuropean22 жыл бұрын
I work for a big international company. It stopped all operations in Russia includung the shut down of big factories and cutting all ties. I don't think there is a lot of appetite for further big investments in China if the threat of a comparable aggressive invasion is at the horizon. Combined with the current lockdown policy and the impossibility to visit current investments I come to the conclusion that globalization is on a big fall
@PascalCoppens2 жыл бұрын
Thanks for sharing.
@DocPetron2 жыл бұрын
Yes. I'm sure that Europe will be "decoupling" and stop buying petroleum and natural gas from Russia any day now.
@talast20002 жыл бұрын
you are comparing apples and oranges. China has way way way more business going on than Russia. About the only thing Russia has are energy resource and military hardware sales. World burn in the name of whatever in the human history, but the real reasons are typically about money/power. Until the risk is higher than the profit, foreign companies won't leave China. And in China, the profit margin is much much higher than the risk compare to Russia.
@thisiskevin10002 жыл бұрын
Domestically, foreign companies facing stiffer competition from local rivals product by product, industry by industry. Even heard of "guochao" phenomenon in the consumer goods sector?
@gj85502 жыл бұрын
Unlike Chinese companies focus on long term goals, western companies focus on quarter ends. Executives in western corporations risk losing their jobs if they had a bad year. It is highly that they would change their supply chains at a detriment to their short term profits, but with no immediate tangible benefits.
@woohu84432 жыл бұрын
Much is said about China's epic fast rise as an economic power. Get ready to witness the fastest collapse of an economic powerhouse. I am only stating what I believe is the truth. Based on current data it now appears China's downfall is inevitable. The CCP has failed the people and should become a spent forth within 10 years. Hopefully China can then get on the right path to general prosperity.
@multipolarworldorder2 жыл бұрын
I think there will be two trading blocks the West and the East.
@PascalCoppens2 жыл бұрын
It looks like that is the trend.
@junkeatng2 жыл бұрын
Not possible. China's scale is on a totally different level. If the West knowingly pays more for goods sourced from other countries, who can stop parallel importers from profiting with China sourced goods? Trans border trade/smuggling is possible, via Eastern Europe & Mexico? E-commerce? Everybody wants to make a profit, so the lowest cost manufacturer usually wins. Don't forget, reshoring production is also costly, raising the price of goods further. Just before the sanctions kicked in in Russia, even the EU and US increased their oil purchases. Price trumps ideology.
@foute90s2 жыл бұрын
Thanks for the video, quite some interesting trends you spot. I've noticed your usual format lists a set of trends, and from that you make a prediction. Though I'm never really able to assess the magnetudes of these trends, how much do they actually impact your thesis? Maybe you could try to include some more of that information too in next videos
@PascalCoppens2 жыл бұрын
Thanks for the tips!
@abdirahmanhussein38992 жыл бұрын
Bla Bla Bla... Make a video 2 explain ur points.
@PTEPoliticsTechandEconomy2 жыл бұрын
Looking forward to your book . We should collaborate sometime soon
@PascalCoppens2 жыл бұрын
Do ping me on Linkedin.
@bv3bv3342 жыл бұрын
The most important issue...the West likes its toys, and it likes its toys cheap. So I'm guessing that is a no.
@swagataraha73962 жыл бұрын
China is too crucial until 2030 minimum By then my guess is Middle East, Russian, African markets will be ready for imports from China
@PascalCoppens2 жыл бұрын
Even earlier in my view. Thx!
@albertli39352 жыл бұрын
Pascal, you are a man of wisdom and logic. I always enjoy your positive tone in analyze things. You should be a professor or advisor to the President to make this a better world! Thank you for your work,God bless you!
@PascalCoppens2 жыл бұрын
Thanks! Not sure I have political ambitions though!
@trekpac22 жыл бұрын
30% of the world seems now to be decoupling from Russia, until it finds out that it needs Russia for its cheap energy and food. Meanwhile, 70% of the world's population supports Russia and is defensive action to protect itself from NATO and the West threatening its security. Russia will do very well moving its focus much more towards the Global South (much of Asia, Africa, South America) without Russian paranoia driven the West. The West's population only makes up 800 million people. The Global South and Russia make up more like 6 billion people or more, where the economies are growing rapidly. Project it out.
@Mike-ys4sr20234 ай бұрын
We have become to dependent on the US dollar , swift, US control over IMF, US World Bank, uS Military threats. Dependent on Chinese cheap products is beneficial to the poor Third world countries as opposed to Expensive goods from America. Facts is US capitalist corporations left and went to Mexico and Brazil first 45 years ago as i witnessed in Canada. US was slowly moving to China at the same time t use cheaper slave like poor chinese and Able to aduse the environmental waste disposal in China 45 years ago. China governments turned a blind eye to the US corporations abuses at that time. Western media was exposing them at that time because we were losing jobs to third world countries 😅 😂. . Thanks again Pascal.
@Awaken20678337582 жыл бұрын
You can´t rebulding industry in a energy crisis.
@PascalCoppens2 жыл бұрын
indeed.
@goChina332 жыл бұрын
Sorry that I keep missing your talks, no notification whatsoever 😭😭😭
@PascalCoppens2 жыл бұрын
Strange. Thanks for watching though.
@morphin9999992 жыл бұрын
Please allow me to add one more point, which I think is the most crucial and which the most of the West do not appreciate. it is the Chinese philosophy. In the Confucius point of view, the whole world must develop together to reach the prosperity together, so China wants to lead the world into that prosperity but China does not intend to rule the world like some other superpower does. China does not believe the development of one country should be built upon the suppression or destruction of the others. “The common prosperity of the whole world” is the central to the Confucius philosophy and ideology.
@PascalCoppens2 жыл бұрын
Thanks. I made another video earlier on common prosperity, so totally understand your meaning
@tomingrassiaimages87762 жыл бұрын
You must be kidding. Oh my, you are blind to the evil of the CCP. Or maybe you are just part of the propaganda machine.
@sciencequest47022 жыл бұрын
you pack much into 30 or so minutes of your talks. information is well cataloged. you are a Belgian, yet you learned why china will be succesful, you must approve of chinese governance model. it's smart, collective, practical and doesn't make noise about its plan. they beat west at their own game
@sciencequest47022 жыл бұрын
you can live in the west or the east and not be a westerner. if western societies were to adopt chinese characteristics and learn from them, it would be a boon for them. but they are too arrogant and selfish to do so. I mean china has used world bank, western input which work to improve itself and it do succesfully. china can claim to have developed itself and that development affects global south and global north without invading or firing a single shot, can any western country claim that?
@dwightd.eisenhower37292 жыл бұрын
Yes, you can turn a blind eye to things like the real estate madness in China, the tech crackdown, power shortages, organ harvesting, concentration camps in Xinjiang, cultural genocide in Tibet etcetera, etcetera You are right, totalitarian regimes like China seem to be very effective. But Adolf Hitler's Third Reich, Stalin's Soviet empire were very effective in a way, weren't they? Collectivism/totalitarianism shows its “ldisadvantages” when the paramount leader reacts like a small child (China/Australia) or starts a war in imperial madness (Russia/Ukraine). And don’t forget: “Democracy is the worst of all forms of government except for all others” We should show strength. Maybe even Belgium ;)
@stevekontis89922 жыл бұрын
China's success was due to western greed. Once upon a time your standard of living was maintained by increased buying power, making more money. With globalization, companies moved manufacturing to where labour costs are cheaper. So now we in the West maintain our standard of living with cheaper goods and our incomes have pretty much stagnated; why pay people more, just provide cheap stuff. Those well paying manufacturing jobs are gone eroding the middle class, which in turn erodes the tax base that pays a country's bills. So the services your country provided erode also. Beneficiaries of globalization are corporations. And this is no surprise.
@michaelleong100 Жыл бұрын
Hi Pascal when will you be writing CAN WE TRUST USA ?
@Joeladgra2 жыл бұрын
Well here in the USA, it used to be our affordable Walmart stores have a lot if not most made in china items and food but now not much anymore. You will see clothes replaced now that are made in Turkey, Vietnam, Mexico, Philippines and other countries. We also have frozen seafoods in the past that were all just distributed from China but nobody is really buying them so it’s now replaced coming from other countries like Taiwan or USA. Most Americans no longer buy “made in China” items especially in our hardware stores. The items there were also replaced coming from mixed other countries and not just China.
@PascalCoppens2 жыл бұрын
Currently, Walmart estimates Chinese suppliers make up 70-80 percent of its U.S. merchandise, according to the Alliance for American Manufacturing.
@josetan799 Жыл бұрын
it’s not cheapest labor.It’s the ability of the people’s.no countries in the world have the ability of the Chinese peoples.even all American should thanks Chinese in every product they make. All are Chinese scientists. Chinese that made America rich ang great
@jennylinden32262 жыл бұрын
As an Australian this is very depressing video we have them on on our doorstep and they ain’t friendly
@woohu84432 жыл бұрын
Pascal, you need to write a new book titled, "Xi Jinping, Chairman of China. How one man destroyed a nation."
@PascalCoppens2 жыл бұрын
There are enough books talking about how evil Xi Jinping is.
@vangcruz44422 жыл бұрын
How dare China be self sufficient......China should be our cheap company for us. LOL
@perra59102 жыл бұрын
Basically it’s one of three for the short to midterm. 1- China Remains world’s factory. 2- $10,000 iPhones and $150,000 economy Cars. 3- $3 an hour manufacturing jobs in the west.
@bombomu22 жыл бұрын
if it could be .. the west had done it a long time ago. beside all the reason. the west company also need china market 1.3 billion population and has the most middle wealthy class all over the world. also the west company got rich from china market and supplier chain in china. if decouple is happened all over the world will suffer. but the west will be more suffer than china.
@hclau3622 жыл бұрын
Will China remains the factory of the world? Not is not even a question worth asking. China will remain the factory of the world until it decides to quit. That is an undeniable fact, not a prediction. When Trump started the trade war against China, Western analysts started predicting the end of China... then exports to USA and the rest of the world from China rose by more than 25%. A handful of foreign businesses tried to move their factories out to India etc etc, but within 2 years, moved most of their production back to China. Western analysts have been trying to "predict" the end of China for over 40 years. There's always some fresh or some recycled reasons why they would be right. However business leaders, the people that actually have money and have to put their money where their mouth is, simply know the reality and had never ever taken the few thousand $ a month analysts seriously. Seems like Western TV stations and Media like to pay you if you can bad mouth China... eloquently or otherwise.
@Hojjiifp2 жыл бұрын
I do not miss Chinese goods...I prefer Japanese or German products, if possible.
@drtracking2 жыл бұрын
Something that was not cover here was the 1.4 Billion people in China. More automations gives less jobs. If China money goes to Africa, to pay less on manufacturing, that's less jobs in China. What will happen to employment in China? Today, more than 50% of the people make less than 300 dollars per month. If China keeps it up, they will have more and more companies moving to another country, again less jobs.
@PascalCoppens2 жыл бұрын
As there is a demographic challenge with a lack of young people, automation could solve that issue. But totally right that lots of people om China still earn less than 300 USD per month. They will be the growth for China this decade as many move to Middle class. Therefore there should be lots of lower paying new jobs in service sectors like delivery and drivers and hospitality...
@drtracking2 жыл бұрын
@@PascalCoppens I don't know about that. Take a look at Detroit and some other auto making cities what happened. Jobs lost to automation. Then Wall Streets, you go to the "Floor" where trades used to take place, and it's practically empty. Today you trade directly, those jobs are lost. What I'm trying to say is, China has a lot of people, I can only assume ... say 1 Billion on labor doing things like "Pick and Place", like Foxconn assembling iPhone or what ever. I used "Pick and Place" as an example because in the electronic industry that's the name for the machine that picks a part and places it in the electronic board ( PCB ) for it to be solder. Apple could design the iPhone so no labor is required in the assembly . If that happens Foxconn could reduce labor from 1 Million people to say 200,000.. You would then have 800,000 looking for a new job. That's just one factory, Then you have other that are just not willing to have China manufacturing because all the social political problems. Plus now, the Russia - Ukraine War tells the world where China is really at. More factories, business will get out of China, less jobs by the millions. Right now China has a huge problem on employment. Who is going the give them food, health, shelter, etc? Plus the population you are taking about is old, and that's another problem China has, it's a huge population with Health Care problems. It's the amount of people that needs job and most are not educated enough to get another job or educated in a new one. Those are real people, with jobs or not they need to eat.
@scottlewington49472 жыл бұрын
The problem is that capitalism needs to keep constantly expanding and needs new markets. Therefore, decoupling is going to be devastating to the world capitalist economy. It’s going to be a very bumpy, more violent world.
@hg12882 жыл бұрын
Touching on the Chinese Mindset, one very important aspect of this mindset is every Chinese like to be their Own Boss! When China was opening up, millions of Chinese started to start their own businesses and factories, that's how China becomes the Factory of the World and why India, Indonesia and other large population countries are not!
@PascalCoppens2 жыл бұрын
Smart man!
@kirstinstrand62922 жыл бұрын
Just found this channel. New subscriber. Great thoughts, creating excellent dialogue in comments, too! More, more!
@eViperRabbit2 жыл бұрын
Excellent video, as always. Thank you for your insights.