How China Is Rewiring Its Faltering Economy

Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.

00:00 Introduction
01:05 China’s growth story
01:54 Solar firm GCL
02:50 Hi-tech sectors
04:05 Tariffs and weak consumption
07:09 Model of success



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[gtaraya]

if china is faltering, what do you call the rest?

[rudyalfonsus]

China grow 4, 7 % = faltering economy
German grow 0, 1 % = Grow slightly
Western medias 😅😅😅😅😅

[RiseOfAsia]

China GDP growth 2023 - 5.2%
US GDP growth 2023 - 2.5%
Germany GDP growth 2023 - (0.31%)
Bloomberg: China's economy is faltering

[SamanthaRostova]

maybe we should rewire our faltering economy

[exduzz]

China dominates the EV industry. Bloomberg and Western headlines "China's faltering EV industry". Lol

[gunsumwong]

So if China GDP is growing at a rate double the US it is classified as "faltering". Is there a better example to demonstrate the western double standard?

[therover]

China’s economy is “faltering”, compared to who?

[azamai]

Guys seriously so far everything you said that China couldn't do bc some limitation haven't worked out. Even crazier they just keep doing more innovation...

[benjohn]

5.0% increasing gdp is faltering ? How about the test?

[xrkid]

Bloomberg taking a great economic necessary transition that is the end of the world and giving it a negative spin is hilarious

[KilgoreTroutAsf]

"poor quality"
I will remember that next time Im thinking of buying an iphone

[yizhou]

5% is faltering in China? how about 0%-2% GDP growth in the west? collapsing?

[Zerpentsa]

5%+ growth is "faltering". 😂😂😂😂😂. What is 0.5%? 🤣🤣🤣🤣

[Darkmatter]

Why are Chinese factories cleaner than our hospitals ?

[GotKimchi]

So who did they steal this new tech from this time?

[badminverse]

This is a strategic and long term movement, China can print money to lift itself out of the current crisis, just like they did in 2009. But they decided to tank the real estate industry and shift focus to high-tech industries. Of course, when the econmoy is transitioning, there will be pain, e.g. young unemployment, reduced job opportunities, etc. But at least the country is willing to tolerate it for long-term changes.

[AlanXuHK]

'faltering economy', such a sick title with no relavance at all! China has the strongest enonomy comparing to G7 countries

[kvmjlqx]

You have been warning China "Faltering Economy" for decades, maybe you should hire some real economists. Oh, US have many economists, but they could not solve US problem, hmm, maybe they are fake

[rurikace]

When I was 12 or 15, many people from the US told me "keep learning english because You'll need it right away, but start learning chinese because You will need it in 20 years"

[MASMIWA]

LOL! One of the commentators said that the world can't absorb China's excess capacity. Huh? Where has he been? China's growth has much of it due to its exports hence the world calling China, the 'world's factory.'

In solar panels, EV, and batteries, it is not doing anything new in exporting products. What is new is that China leads in these sectors while the rest of the developed world grew slowly. Not only in these three areas, but other tech areas like ship building, semiconductors, AI, biotech, aerospace, and international infrastructure are growing areas for Chinese world's factories.