46% Plunge: China’s Economic Outlook Worse than Feared | Manufacturing | Wine & Airlines

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00:00 Introduction
00:12 Chinese Economy I: Manufacturing, Steel & Housing
06:21 Chinese Economy II: Australian Wine & Airlines

China Update provides viewers with the most up to date political, economic, and geostrategic analysis on China. Videos are based on hundreds of articles, think tank reports, government statements and other resources in English and Chinese. China Update is fully independent, all views and analysis are all my own and I make the videos.

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Disclaimer: China Update is NOT a financial advisory channel. Nothing I say should be taken as investment or any other kind of advice. Please speak to a professional before making any investment decisions. While I take great care in researching everything discussed in my videos, I do not guarantee that all claims are 100% accurate, all claims should be verified by viewers.

[geoffstevens]

Obviously, Xi Jinping is the greatest economic genius since Mao. Keep up the good work! LOL

[DaleSteadman]

I love the people of China but I will never go back and I would recommend that no one visit that country as long as the CCP is in control of China.

[hamchannell]

I have been seeing videos of the international airports empty with the shops all closed and vacant. That seems to run counter to the airport passenger numbers reported by china.

[TmoneyOGGamer]

It doesn’t matter how good the numbers are, I would not work in China because I don’t want to get arrested. For those that works in China, good luck

[karlrmaier]

What would China's export numbers be if it wasn't dumping EV's, Steel, and other products onto unsuspecting 1st world free markets? A recent report that Chinese income tax receipts have fallen 15%, indicates a massive fall in employment and earnings which directly contradicts Government numbers. It is looking more and more like China's economy is a Potemkin Village.

[warrenpeterson]

I routinely traveled to China during the decade when Hu Zintao was President of China (2002-2012). I believe President Hu's vision provided a logical path and future for China and one that built upon the foundation laid by his predecessor President Jiang Zemin (1993-2002). The current situation now faced by China was feared years ago by economists and is in my opinion directly attributable to President Xi's policies and directives, not those of Hu or Jiang. Xi has taken a country with such great potential just a little over a decade ago and brought it to the brink of imploding.

[stufromoz]

Arn't we lucky that we get such solid and reliable data out of China. ???

[privateer]

Always a delight to check in with you every morning. New Mexico thank you for your work.

[kevinbyrne]

Western nations have imposed tariffs on Chinese goods; Western manufacturers have left China; huge numbers of manufacturing employees have been dismissed and the streets of manufacturing districts are empty of pedestrians and vehicles; Xi Jinping met personally with Western executives in order to beg them to invest in China -- but China's economy is doing well.

[nrauhauser]

You've become a daily watch for me, along with Asianometry and whatever Peter Zeihan has to say. Thanks for paying attention for the rest of us.

[jerryrichardson]

Thanks Tony, another excellent report.

[Longtack]

Gidday Tony. I appreciate your condensed, salient and timely output.

[BPo]

All the power to you! Thank for your hard work. 👏🏾

[DancingShiva]

Solid episode as always Tony. Thank you!

[intercalz]

The difference in the reaction of the US govt in the wake of the 2008 (the great) recession/US property crisis and the reaction of the Chinese govt in the wake of 2023 economic crisis is astounding. The US govt made a plan quickly (however flawed it was) and executed it with clarity with minor adjustments along the way.The Chinese govt seems to have no clear stated plan or its execution, and seems to be muddling through. However, the US had the advantage that its economic system was trustworthy enough for the world to fund its new deficits (and that dollar was/is a global currency) while the trust in China has/had been, comparitively, short term and evaporating.

[TattoosAndGin]

Why invest in China when theres a better option for anything you want? Vietnam, Singapore, Malaysia to name a few. I certainly would not work there in any case.

[gregash]

Attaining a 5% GDP is a Xi sacred cow. The problem with sacred cows is they get in the way and nobody can eat them. Overproduction, for the sake of statistics, doesn't guarantee consumption, either domestic or foreign. If servicing personal debt and mortgages demand the first fruits of income after eating and survival, what is left to purchase consumer products? Will lithium go back into the ground as a 'overproduction land fill' of excess EVs, batteries, solar panels, and other unnecessary products?

[lW]

Just say it--China is in a Depression!

[ADadSupreme]

I think the general rule when hearing about how bad things are in China is that no matter what you hear, it's always far worse.

[rdpig]

How much of this manufacturing increase is military spending?