It’s Over: China’s Economy Is Finally Collapsing
Published: 2023-08-23
Status:
Available
|
Analyzed
Published: 2023-08-23
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
China's economy is in trouble and compared to a ticking time bomb.
"China's economy is in trouble and fears the country is quote a ticking Time Bomb"
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China's period of unstoppable economic growth has ended.
"China's Unstoppable growth has just come to an end"
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China is at risk of a property crisis worse than before, with a major developer on the verge of default.
"now they risk an even worse property crisis than before with yet another one of their largest developers just moments away from a default"
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Youth unemployment in China has reached a level where it is no longer being reported.
"youth unemployment is so high they've stopped reporting it"
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China's economy has grown 11 times larger since 2001.
"their economy is now 11 times larger today than it was back in 2001."
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Allegations exist that China provides illegal state subsidies, discriminates against non-Chinese manufacturers, and controls supply chains through raw material taxes.
"members of the World Trade Organization allege that China's been providing illegal State subsidies to businesses to export their products discriminating against companies who don't buy from Chinese manufacturers and controlling Supply chains through taxing raw materials"
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It is claimed that China has intentionally devalued its currency by up to 40%.
"it's said that they've been purposely devaluing their currency by as much as 40 percent"
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The unemployment rate for 16-24 year olds in China has risen to 21% and has increased annually since 2018.
"the jobless rate of 16 to 24 year olds Rose to 21 percent which has been steadily Rising each and every year since the survey was started in 2018."
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By 2050, it is projected that 30% of China's population will be over 65 years old.
"it's expected that 30 percent of China's population is going to be over the age of 65 by the year 2050."
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China has experienced a significant real estate bubble over the past decade, driven by citizens investing in property as a safety net.
"throughout the last decade China's experienced a massive real estate bubbles their citizens prefer to invest their money in property as a safety net"
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China was constructing five times the number of homes compared to the United States and Europe combined.
"China was building five times as many homes as the United States and Europe combined"
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70% of China's national wealth is invested in real estate.
"70 percent of the country's wealth being tied up in real estate"
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Rapid property value increases led to developers pre-selling units before construction was complete.
"property values were increasing so quickly that developers would pre-sell units where buyers would begin making payments on a property that didn't even exist yet"
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Real estate prices in China saw a 700% increase between 2001 and 2017.
"prices increased 700 percent from the year 2001 to 2017."
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Evergrande has filed for bankruptcy, and Country Garden is also facing potential default on debts totaling up to $230 billion.
"ever Grant filed for bankruptcy and today an even larger property developer Country Garden is also facing similar concerns while it was warned that they may also default in their debts which is as high as 230 billion dollars"
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Companies in China are reducing their workforce, contributing to further deflation due to decreased consumer spending.
"companies are also taking note of this and reducing their Workforce which leads to even more deflation with less money available to be spent"
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Chinese consumer spending is decreasing due to the negative impact of falling housing prices on their savings.
"Chinese consumers are spending Less in part because of slump in housing prices has affected their savings"
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As the real estate market declines, consumer spending in China is expected to further deteriorate.
"as the real estate market Falls consumer spending is only going to get worse"
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A major Chinese shadow bank is under scrutiny for failing to make payments to three publicly traded companies.
"one of China's largest Shadow Banks is now under a microscope after missing payments to three publicly traded companies"
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There is a high probability of contagion spreading through China's market due to potential defaults cascading through companies and investors.
"there is strong likelihood of contagion spreading throughout the entire market after all if they don't make their payments companies don't get their money and if companies don't get their money that means they could fall behind with their investors and essentially that could cause a domino effect throughout the entire economy"
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The US has approximately $215 billion in direct investments and $300 billion in portfolio investments (stocks and bonds) in China.
"the United States controls about 215 billion dollars of direct investment in China along with 300 billion dollars worth of portfolio Investments consisting of their stocks and bonds"
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The US's limited exposure to China's economy means that any disruption there is unlikely to have a significant impact on the US economy.
"our exposure to China is such a small fraction of a percent that any disruption in that is not going to have a sizable effect in our economy"
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China's contribution to US trade represents less than 1% of the US GDP.
"China's contribution to U.S trade is less than one percent of our GDP"
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