Why You Should Be Worried About China's Debt Crisis | Economics Explained

China's debt crisis is worse than anyone thought. Here's why.

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[EconomicsExplained]

Special thanks to Public for making this video possible. ❤️ 📈

[Rawdiswar]

Is it just me, or is the entire global economy basically a house of cards?

[JosephSheu]

This video aged really well, with Evergrande's news recently

[taxol]

Great video! Actually published before Property problems in China, especially Evergrande. One child policy that was implemented in China for decades now heavily burdens China as well. If you don’t get married and your parents are old, you need to support 3 people in Asian culture (yourself and 2 parents). If you get married and have a child, then 2 adults have to support up to 7 people (the 2 adult themselves, a child, 2 parents and 2 inlaws). That’s a huge drain of time and resources!

[hibudy]

I am shocked that how accurate you were, every details from social to politics to economy now has turned out to be correct in hindsight. I was already subbed but now i will watch your videos regularly. ❤

[Quickonomics]

If _lying flat_ is considered a form of protest, I have been a peaceful rebel for most of my life, for at least about 18h a day. :D

[nathancloete]

Australians should be the most worried considering how much of their economy is built on exporting to China especially raw materials.

[BenjaminElsworth]

It'll be pretty interesting to see what happens when leases come to end of their life.. given you hold the time remaining on a long-term lease, as opposed to title, isn't it an inherently depreciating asset, unlike usual land investments?

[FantomwithanEff]

Hey Economist! Just want to complement you on all your great work. I really enjoy the videos especially more for the right ways of thinking you promote, insted of telling viewers what to think. Kudos to you MATE!

[bassemb]

I would love to see you cover Lebanon's ongoing economic collapse. Our currency is now 5% its value. My painstaking savings, worthless.

[khoirulanam]

Evergiven: The Suez Canal incident, I burned $54 billion of the world economy!!!

Evergrande: Hold my $300 billion in unpaid bills!!!

[torokun]

Always interesting to find a level headed video about an issue before things really blow up.

[henrikjx]

Hey! We haven’t seen any new content in a while. I need my explained fix regularly you know. Keep ‘‘em coming!

[wafflecopter]

Remember that part when the entire world relies on them to make everything? That was a pretty bad idea

[katwaugh]

Yep. Well said. I live in China. Old people are essentially extremely low paid workers who work very hard. I doubt the younger generation would take on those roles

[SzymonSaysStuff]

The problem of “laying flat” is all too familiar to me, and I’m not even Chinese. When wages don’t increase but costs of living do month after month, its hard to muster motivation to work. My question is what can be done about this.

[jdbbgotskills]

You’re one of my favorite channels on YouTube keep up the great work.

[finnocelestin]

I like how you encouraged people to verify any piece of data provided.

[rishiarora]

Anyone else come back after seeing Evergrande on the news?

[jontalbot]

Same issue affected Ireland- massive debt fuelled over investment in property. There are similar issues in many other economies due to capital leaking into property from Quantitative Easing.