What Would Happen if China's Economy Collapses?

It's no secret that China is facing a myriad of economic problems with many commentators predicting the impending collapse of the Chinese economy. But what would really happen is the world's second largest economy collapses?

0:00 - 2:22 Intro
3:43 - 6:53 The Soviet Example
6:54 - 8:20 Hypothetical Chinese collapse
8:21 - 11:05 Globalization
11:06 Why China won't collapse

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[diplommaster]

"The Soviet Union also included East Germany in addition to 14 other member states" - East Germany was part of Warsaw pact, it had never been one of 15 USSR members.

[Nicholas.Rogala]

I'd argue that part of why the Soviet collapse didn't affect the global economy is that much of the raw materials it was producing no longer was going to domestic industries. Instead it found its way to international markets which suddenly had a cheep source for these raw materials.

[agnishom]

You should create a tee-shirt saying "Nobody can predict the future, least of all economists"

[jaybee]

The reason why the Soviet collapse didn’t have negative effects on the global economy was because their economy wasn’t globalized and cheap raw materials were dumped into international markets. A country like China is way more globalized and interconnected with the world at large.

[HeinrichderVierte-owqq]

The Soviet Union did not include East Germany as claimed at 4:44. East Germany was a separate state similar to Poland and other Eastern Bloc states

[patrickkobbermann]

4:42 the Soviet Union did not include its Germany, it was part of the eastern bloc of Warsaw Pact Soviet Satellite states, but it was not “part of the Soviet Union”

[Castrohelena-qfwo]

After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.

[Quondom]

In late 1777, Adam Smith received news of General Burgoyne's defeat at Saratoga, promising calamity for Britain's war effort in America. His correspondent expressed deep concern that the nation was ruined. "There is a great deal of ruin in a nation", was the great economist's calm reply.

[SWANNwillSUFFICE]

East Germany was Warsaw Pact, not USSR.

Still, being virtually tied with WG given the size and population disparity isn’t great.

[danielhale]

Thank you! I'm always happy to come here and get a much more reserved and thoughtful explanation to counter the clickbait.

[rickyal]

Another great, easy to understand video. Congrats on 2M! The cream rises to the top.👍

[ZelenaZmija]

Can we get an episode about demographics? It seems like it'll be a substantial issue for quite a lot countries going forward.

[fetatroll]

Love your vod !! It's like candy for my brain 🧠

[Buddythunder]

Love your channel. Economics "for the rest of us". Appreciate it.

[skylineXpert]

Its a both yes and no, because we could take production back to home but rebuilding It from scratch Is tough

[Dr.Kraig_Ren]

_I liked the part where he said the names of the nations that would benefit from it._

[johnbee]

Thanks for this. Interesting and informative

[samaeltheundying]

I view it like kicking the leg out from a table with the smaller global economies on top.

No matter how it shakes out, it will disturb the rest of the table or destabilize it.

[snigdho]

I can kind of fathom the great amount effort that goes into making such content! great job.. :)

[BarryLayton]

i really like your videos you do a great job. they are informational very interesting and well presented.

would like to see you do longer format videos were you dive into abit more detail on the topic