Gravitas: What would a Chinese recession look like?

China's massive debt bubble looks all set to pop. How will a financial meltdown in China affect the world? How will it impact your shopping cart? Palki Sharma tells you why a Chinese slowdown concerns all of us.

#China #Debt #Gravitas

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[alokbasu]

It's true that the entire world will feel the pinch. But we need to wake up to the reality of depending on China.

[dantae]

This needs to happen. the reliance on china is a massive problem

[hemmed]

More sustainability, less disposable products, less plastic will help the environment and people.
In Sweden there has been a trend to reparing old products rather than buying new ones.

[peacebewithus]

Whatever, it's china itself to be blamed for its downfall, nobody else. Again, it's the high time that we must start to encourage indigenous products than depend upon others for goods. It must be taken as a chance not as a problem.

[shobhitdayal]

Mrs. Upadhyay, Let it happen for good. Let all the filth go down the drain.

[kerrypooley]

I absolutely love this WION Reporter, she's like a top-end educator-journalist who gives no opportunity for you to not understand without patronizing anyone in the process. :D

[ernestpin]

I really love her accent. She make me pay attention to news

[chiragsingh]

Chinese dragon is Myth
Unlike elephants 😂😝😝

[michaelmansfield]

Love your reporting, Palki! To the point, professional but also entertaining. A rare combination. Yay!

[deviraj]

Vocal for Don't depend on other countries

[haruruben]

"the Great Fall of China"... muah! chef's kiss, genius

[ayushs]

" your child's favourite toy is captain America, but chances are it is made in china" 🔥 can't argue with that. !!

[allyebrahim]

Great fall of China, this is an eye opener and a wake up call for all the countries, for all of us, NOT to depend too much on China. I'm sure each of our countries have something to offer if we only know how to communicate and be fair. Applause to WION and the people behind this topic, its worth knowing.

[HarishS]

" Favorite toy may be Captain America, but made in China " lol this was funny...😂😂

[joelvivo]

Now I know, with Palki's explanation i can now argue with other's views .

[jiteshshetty]

People should support small shop market in india just because it's cheaper don't run behind Chinese products it's in our hand to support our country

[josh-pefe]

If China were to get into a deep crisis it is possible that the ccp also might fall and if that happens the world will be a safer place with trillions of dollars saved in defence expenditure and that would in turn raise the living standards of the whole world.

[chiragsingh]

Chinese logic :
But but but we are Chinese
We made Wuhan virus
We can collide with Goliath 😂😅😂

[gowrishankerv]

Palki, u r not just superb; u r * CONSISTENTLY superb *. Can’t help adoring u my beti.Long may u serve, healthy and blithe.Jaganmatha bless you.

[thomasborgsmidt]

Not necessarily so! India will replace China in the supply chain (and Vietnam and the Philippines). That will demand investments, but as interest rates are at a record low, that will not be a problem - the point being that those investments will not be in broken down technology and will provide better jobs - i.e. higher productivity. That is the way economics works.

I heartedly recommend You reading Ludwig Erhards book Wohlstand für Alle - written about 60 years ago. I found it on the internet for free. It was in German, but that should present no problem to reasonably educated persons.

It builds on practical experience of how to make a devastated economy work. In 1962 he suggested that West Germany BOUGHT East Germany. At the time it was rejected - 30 years later it was a reality. That the Soviet Union collapsed - well is that counting as tragedy?

No prices will not raise appreciably (a few transient price jumps, but nothing permanent).

As long as ships are being sunk - well there is no shortage of steel. Actually steel is probably the most reused material. Melt it down and roll it out. Same thing with aluminium - as long as beer cans decorate the landscape, there is NO shortage of aluminium.

A lot of financial institutions and savings will be destroyed; but the economics as a whole? In China: Yes! In the West? No way!

In fact the overhanging problem is not inflation, but deflation: As China consumes so much energy - the collapse of China will have energy-exporters scrambling for markets to sell to! With a commodity as widely used as energy there is every possibility that energy prices will collapse.