Why is anyone surprised that the Chinese Communist Party is subsidising their industries? Subsidies are a basic characteristic of communism. Have politicians not learned this after 70 years?

If China slows down, while demand in Europe and the USA remains constant, won't European and American economies pick up to replace lost product?

Economic reviews by Vladimir Milov, Igor Lipsic or others also are drawing similar scenario... russian economic and social life is crashing and it's doing so faster than we think. Thanks to Joe - one of those I listen with a huge joy. Greetings from Lithuania :) . By the way - our current Finance Minister is one of the best we ever had...

Countries transition from Agrarian, to Industrial, to Service. While China has progressed from Agrarian, corrupt CCP ties to Industrial businesses have kep China stuck in the Industrial phase,, with its GDP relying upon huge unnecessary infrastructure projects and money-losing Belt and Road Initiative. Because money flows to Industry and not Service, workers arent spending money, domestic consumption is not high, and China relies on exports (to Service economies, like much of the West). China has been dumping exports for years, and the West, particularly under Trump, are finally raising tariffs, which, iirc, China has already been doing. Revenue tariffs still allow Chinese products to be sold, with tariffs funding US government expenses, which are currently funding with taxpayer money.

Chinese straight to landfill junk.

The front page of The Economist has a different take.

What's the tariff on Chinesium?

The CCP has been lying to their own people and the rest of the world for a long time ... in an attempt to convince them that a "controlled" economy works better than a market economy. Lies ...

Lotsa hard facts and figures, Joe. I would assume the "rubbish" folks have different sources, but yours run to other analysis that I follow, so your analysis makes lots of sense to me. Hope to see more of your "walking reports"- years of good habits assembling your facts and notes seem to follow you even there! Cheers!

The infighting within western culture will hand victory to Russia in the end.

lmfao joe the ostrich at the end absolutely had me rolling. What an incredible creature

Thanks for posting this video

👍👍👍JOE BABY 👍👍👍 AS A KID MADE IN CHINA WAS ALWAYS A SIGN OF CHEAP PATHETIC PRODUCTS - AND ITS NOT CHANGED THEY ARE CONTINUING TO HEAD FOR MY NO GROWTH FOR CHINA FOR 2024 -25 AND STAY IN THE DEFLATION ZONE

What a clown show by this loser!!

Another clown at it again. America is 35T in debt and there is nothing being done for poor and homelessness.

Would be great to see if America starts helping Mexico start producing more products that are more in China. Would help with illegal border crossing

Some Chinese are just obsessed of making money whether illegally; they will cheat, steal and bribe politicians. They are being exposed in the Philippine media.

So there was a shortage of legacy IC during the pandemic, China steps in and expands their capacity, with government money, kinda like the CHiPs act, but more legacy production is bad? Make it make sense, more legacy chips are produced, alleviating a shortage, but this is bad because there are greater risks to the supply? This is just protectionist BS to screw the consumer.

Chinese products are cheap for a reason besides government subsidies, they are just low quality throwaway goods.

thats crap, chinas domestic market is huge, its usa and eu thats disappearing down the toilet.

When Xi made the choice to go with Putin it ment against the west , a west that made China rich to buy their products. What can possible go wrong?

Hi Joe. Not sure if anyone has said it yet, but has anyone thought about how this may be a play from governments to push inflation down? 50%+ seems excessive on some goods. But as you said it insentivised the suppliers to frontrun and flood the market to beat them. Therefor it should greatly increase supply at a much needed time as they seek rate cuts and inflation to settle at ~2%. IDK. Just a thought.

Windswept Sputnik

Chinese factory establish in Sweden (Eskilsuna) and will let out 900 ton Metylenclorid in the air every year from 2025!!! Scandal! Lots of protests

China is the only one making solar remotely viable lol. Its like a 15-20 year wait for it to pay off and will only increase if you try to onshore solar manufacturing or its proliferation drives grid energy costs down.

Wayfair they have products from Vietnam, which by the way is outstanding. I put it full size bed together for my three old son and it literally took me hours to do it but solid as a rock.

Hitler had to go to war for similar reasons...

@joeblogs Joe you do a fantastic job. As the saying goes, the devil is in the details. If all you do is read the headline or the biline, you'll never know the full story. You give us the whole kit & kaboodle. There's a lot of people that forget to "engage brains before putting the mouth into gear" ! God bless you Joe ! 🙏♥️🙏♥️🙏♥️

I can see you are biased. All this Russia doom is horrible

How iss this still news/suprise to anyone thhat Putin or Trump are lying? And 90% of those that say otherwise are Kremlins own bots and agents with the rest being brainwashed people - or the entire reason why Kremlin is using their bots. Unless Trump is reelected - Russia will start its catastrophic collapse with the coming of this winter

Great information but please Drop the weird background purple lighting illuminating stark sticks is so 1973

China's getting what it deserves... to go around threatening the world's security in the south China sea, threatening to invade Taiwan, and threatening Western economies, what did they think would happen?

Some people say “everybody complains about China, but keeps buying their products because they are cheap” I end up buying products made in China that turns out to be junk very quickly, because there’s nothing else that I can find that isn’t made in China. If I can buy a similar product not made in China I do so. Sure it may cost more but in the long run it is cheaper because it works and lasts.

Ii guess they need sugar for extra vodka. The troops won't execute a human wave attack without it. And when they aren't busy dying, they are busy drinking.

Food prices: doesn't take into account the possibility that this is deliberate or that there are lower production costs from mechanisation. I doubt China wants its food prices to go up.

The crazy thing is not that the EU is increasing tariffs on Chinese cars. The crazy thing is that China have had higher tariffs on European cars than EU have had on Chinese cars. What does the EU want to incentivice here??

Straddling the NATO fence.

Thank you Joe.

Turkey, Dig in on those natural resources! Turkey is a major producer and exporter of chromite and also mines iron ore, coal, lignite, bauxite, and copper.

Its not only false industry, the war of russki support is also a eye opener to the world, belt and road initiative is stealing land from pover country's . Its a dinosaur gouverment with a realy big mouth... keep your idiology at your country think GLOBAL not dictotorial. If you live in the "free" world buy when possible western goods a bit higher in price but not helping the dinosaurs dictatorial behavour....

Research: How well do youth corps programs work?

Thanks joe, an excellent video.

The challenges of the National Youth Service Corps scheme in Nigeria include inadequate monitoring, poor management of finances, and lack of maturation by the CDS coordinators. Oct 13, 2023 - Typeset

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We don’t care about the clock

Cheap chinese imports have helped to keep the cost of living relatively low here as far as everyday consumer items are concerned. What happens when they are gone? We'll get it from other low labor cost countries and have to chase down their internal subsidies? China is one big target easy to see. What happens when it's dozens of targets? It's the rival producers in Asia, India and elsewhere complaining most isn''t it? Cheap consumer goods have kept the population relatively peaceful and content. Maybe also terribly wasteful and unappreciative as well. I've used cheap chinese imports for years and can actually afford to maintain an adequate standard of living on a very low income. And I tend to keep what I have for decades. The USA could easily turn into one of those countries where small increases in the cost of living really pinch even those who now think they are well off and maintaining. I'm sure the chinese are thinking - what about Tarp and later stimulus measures? It's very much an argument of who's calling the other's kettle subsidized? To a comment below- The USA could always produce so called "garbage" products too you know. Take a look at old second hand stores and examine the quality of some very old domestic production. I don't mean just the second hand stores. The numerous stores of 100 plus year old "collectibles" production. The stuff you see tended to last but the quality is very uneven. We will just start doing that again only they will probably be priced like much higher quality products. The high quality goods will be astronomical. NOT SO? The question of what is "good quality" is very open to debate.. Will domestic production of the everyday stuff actually remain low? Will dollar stores exist anymore? Will they be ten dollar stores? And funny money will get even smaller? Higher costs in consumer goods will probably effect the inflated costs of housing and other hard assets? .It will drag on them. How will the USA and many other developed economies live without massive and cheap consumer spending?. The service economy is still the rule and a large amount of that is stuff people can easily live without. I've been doing it for decades and hardly miss any of the things people think they need.

Theory: Food inflation = Social unrest

That is a raffle. You are NOT giving anything away. The raffle is not free. Please adjust what you are saying. Make the raffle free to enter. Then it would be free and then you would be GIVING away something.

Quality of life for the elderly Chinese is an encroaching concern here.

Mr Joe I really appreciate your blogs 😊 Very interesting and well informed Marvellous research 😊