Japan's Lost Decade is China's Future

Patrick Bet-David explains the economic impact of Japan's Lost Decade and how it could shape China's future. Discover the similarities and differences between the two economies in this thought-provoking video.

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[shundi]

Since 1990, Economist has been predicting the collapse of China. Since 1990, the size of Chinese economy has been multiplied by 30 times. That's 3000%.

[Muaz]

The two countries are very different in many ways

[owenhoong]

I from south east Asia and travel to China about 4-5 times a year. The ignorance of so many westerners is truly an amazing thing. Like it or not, China is still a developing country and they're still growing fast. In recent years, all the western media has been on steroid about the fall of China without telling the truth about China economy to their audience. For non western people that understand China, we can only guess why they're keeping that away from their audience. The global south especially China has learned a lot from the west but western people never bothered to learn about other part of the world. My guess is that their biggest hurdle to learn about China is to learn mandarin in order to be able to read. 😅 But one thing I'm sure is that in the 90s the Economist had been saying about the collapse of China economy. My guess is they are probably right and they will have to wait until it's proven for them to be declaring that they were right. I'll just say this part of the equation for now, people like me already knew about a property trouble in China back in 2018 as we pay attention to the Chinese leaders, covid came and it got delayed for 2 years. If you want to understand China influences, travel around south east Asia and don't just listen to bloomberg or WSJ. ❤

[MM-srfw]

If you want to learn what happened to Japan and why Japan’s economy started declining. Talk about the Plaza Accord signed 1985. The US is now trying to do what it did to Japan “ containment” of its growth.

[chamindadecosta]

"To be an enemy of America can be dangerous, but to be a friend is fatal.” Henry Kissinger

[kolviczd]

This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen.
Here's why: -
1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan

2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power)

3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks.

4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge.

5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west.

6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄

[louistan]

Japan's lost 4 decades. Not one. The Japanese made the mistake of listening to the Americans in every policy, both financial and political.

[rhena]

Japan is a U.S. colony, has U.S. military base stationed, can’t make independent decisions for its very own benefits. Germany is in the same situation, exactly why they can’t complain about what happened to Nordstream. China is completely different.

[faizalzaidin]

In summary, Japan economic downfall entirely cause by US.

[herman]

China expert but has never been to China

[coreana.aesthetics]

This is incorrect. China is still developing economy with 1.4 billion in population, large land mass, rich in natural resources and own so many leading high techs.

[M_Jono]

Japan dominated the electronics and Auto industry in Asia then come the era of Korea and China begin to taking the cake.
Here in SE Asia practically all Japanese electronics are wiped out by Chinese and Koreans

[ricotheman]

The only problem is, the US can’t force China to sign the Plaza Accord. 😂😂

[weichengcn]

Very interesting how he distort history about Plaza Accord. It is the US and its allies ganged up against a strong emerging power Japan to stop its momentum. Japan, relying on US for security, kaotoued. Together with subsequent policy misteps, led to Japan's lost decades. This channel produces more drama than knowledge.

[gregoryedwards]

This is wrong. China is not following USAs rules like Japan did with the plaza accords and still do today. China is quietly observing and ensuring they don’t do the mistakes USA did

[yamamancha]

For practical purposes, Japan's population is actually much lower. Nearly 19 million people are age 75 or older. An additional 16 million are 65 or older. So the productive population is far less than 100 million.

[taco]

Guy finally watched a peter zehein video

[hc]

In today’s world wishful thinking is not only news. It is also expert analysis.

[jimkuan]

The whole story falls apart as soon as he says, "China debt to GDP ratio is 60% but nobody believes these guys." Then what is your story based on?

[LONE_WOLF_GANG]

China is making sure not to follow the same path japan took, by investing heavily abroad and getting as many countries involved in its economy as possible to keep the Yuan managed and avoid a hyperinflation.