Beijing Faces Angry Public Backlash | China’s Debt Crisis | US-China Competition

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00:00 Introduction
01:19 Chinese Economy: Profits & Local Debt
04:35 US-China: Trade & Japan Military Upgrade
09:10 Sponsored Investment Opportunity
12:06 Retirement Age Debate

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[ChinaUpdate]

Correction: at 13:12 it should be [China} hitting 83 per cent by 2100 compared with 55 per cent for the US.

[kateryan]

Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.

[SuperMassman]

PROFITS RISING actually means the workers got a pay cut. Consumption has decreased, not increased

[Antonocon]

Retiring at 50 is a joke. This is completely unsustainable.

[tamask]

Stating openly that people should be responsible for their own retirement might be a blow to the efforts trying to boost domestic consumption. If young people are expected to save up for old age, they will have even less motivation to spend on stuff now, just so the ccp can boast higher gdp numbers.

[johnnynephrite]

the lies about GDP are finally catching up with them.

[kevinbyrne]

4:43 -- Why isn't China expelled from the WTO? China repeatedly violates the rules of the WTO (by issuing government subsidies to manufacturing, etc.) but never suffers any consequences for its violations. What's the purpose of having rules if they're not enforced?

[vNCAwizard]

I am ever so grateful for the benefit of your reports. Clearly, China Update is a fantastic way to learn about China, from a China perspective, with your balanced reporting. I look forward to your reports, and watch them every day that they are posted.

[hanknyc]

Happy Monday Tony. I hope you had a restful weekend and a productive week ahead. 加油!

[rah]

Take care Tony, these are indeed 'Interesting Times'

[GaryH-pwcm]

Plan for retirement by buying more of those worthless apartments.

[mwchjtx]

Your channel's grounded news is a new window to actual china conditions. Thank-you

[doltsbane]

Chinese economic growth is founded on a constant flood of young, working age people leaving the countryside for the cities. The demographic collapse isn't a headwind, it's a Category 5 typhoon.

[deborahcurtis]

Interesting dynamics there Tony. Keep up the excellent analysis and information. It's so helpful to understand the situation that China faces so we can understand what are the most likely developments internationally.

[martinoamello]

So the retirement age set 70 years ago in China permitted people to retire ten years after they had been dead for 10 years? That's generous!

[gregdobbs]

always Tony, thanks for the excellent work

[DD-srxm]

A country whose economy is largely based on manufacturing for export and is dependent on imports for food and energy should probably maintain good relations with their trade partners. But for some reason China built this dependency on trade then decided to alienate all of their trading partners aside from Russia and Iran. Why?

[peterkops]

Those figures of improvement are dodgy! Businesses of every type are closing at an alarming rate. That’s not improvement.

[ideastshoa]

Most countries address the retirement age long before a pension crisis comes. It is a problem that can be easily forecasted decades ahead. CCP starts to address the problem only when it is running out of pension funds. That shows the incompetence of CCP governing. It's so much short-sighted than most people can imagine.

It seems to me each generation of Chinese leaders simply procrastinate problems to the next generation of leaders. They only care whether they can finish their terms without the eruption of crisis. The pressure keeps growing generation to generation. Now it can no longer be contained.

[jaydee]

Thank you, Tony. I hope you enjoyed your day off and that your batteries are recharged.