Is China's economy in serious trouble? | Counting the Cost
191,435
Published 2024-02-04
But almost a year after the measures ended, the Chinese economy seems to be stumbling.
Prices have fallen. Exports and imports have plummeted. Unemployment has risen. And the real estate crisis has deepened.
The sentiment is so bad that foreign investors fled the stock market last week.
The situation could get even worse after the nation's biggest property developer, Evergrande, was ordered to liquidate.
Tech giants are making big profits, but they are laying off thousands of workers.
Plus, poly-employment is on the rise.
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All Comments (21)
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We should not forget that she lives in Hong Kong and thus has to choose her words carefully.
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She is a chief economist at a bank? Everyone, pull your money out of this bank immediately. 😳
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Seems like a wildly optimistic analysis from Garcia-Herrero. Time will tell.
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So this is precisely the reason US is not cutting interest rates yet. China will see a lot more capital outflows in the months to come.
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Stock market is not an indicator for CHINA's economy.
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so nobody saw this coming? what about all those ghost cities which accumulated over the years?
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all these naysayers, uk was in decade of negative equity plus so much default. did uk when bust? also if china tank, the whole world go into recession. and usa will b the worse of the lot. that is why usa is exporting war everywhere. they r trying their best to avoid doing a greece
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6 trillion lost from the market. Another 1,5 trillion lost from failed belt and road initiatives. Youth unemployment surging. Foreign companies have all left. Sanctions put on the chip markets from the US. And demographics beginning to collapse. Not to mention the ever tightening of freedoms by the government. Things do not look good for China. We are witnessing an epic economic collapse.
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Evergrande is just one of many. The ENTIRE Chinese real estate industry follows the same flawed model. The writing is on the wall. The entire house of cards is falling down.
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Owning real estate property is a major and sometimes sole retirement-fund investment for over 100,000,000 in China, significantly effecting more people than invest in Chinese stocks and bonds for retirement fund.
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LOL China GDP grew by 5.2% LOLOLOL ya right. Says who ? Oh China. Next tell us Russia's GDP.
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According to the west, China's economy has been in serious trouble for the last 15 years lol
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In the tech sector, you have what’s called employee farming! Giving a highly specialized job to an individual, you had employees at Google (engineers), and all they did was create buttons for people to click on with an app!
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Sad cant get basic facts right. Evergrande was not the largest property develper they were second or third. Country Garden was the largest developer.
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3:47 I think this misses the point. Many of those people never planned to move in. Real estate is the traditional "investment" in China. Of course, the collapse of real-estate values will be devastating.
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Don’t bite the hand that feeds you.
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This trend of investing in physical assets started with SE Asia and later moved on to the Gulf, where sporadic investments were made into real estate sectors, sparking the geospatial led investment planning revolution. Later, other economies tried to catch up, but, we saw how excess supply can lead to shareholder value destruction.
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Is America in debt of upwards of 34 trillion?
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Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
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While I am no economist or politician, looking at both areas simultaneously, this is what I see: there are those who knew the effect that the tariffs and the collective pullout of so many international companies would have. However, it will reach further than just China. With this nation being the second largest economy in the world, what effect will all this have globally? The global effect is the objective.
