China's Economic Growth Has Tanked. Here's Why | Vantage with Palki Sharma

China's Economic Growth Has Tanked. Here's Why | Vantage with Palki Sharma

China's economy continues to struggle. Recent data shows its exports have seen the biggest drop in three years. Calls for an economic stimulus from Beijing are growing. Does Xi Jinping have a plan to revive the Chinese economy? Palki Sharma decodes

China | Economy | China Export | Xi Jinping | Firstpost | World News | Vantage | Palki Sharma

#china #chinaeconomy #xijinping #palkisharma #firstpost #vantageonfirstpost #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
​
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.

Follow Firstpost on Instagram:

Follow Firstpost on Facebook:

Follow Firstpost on Twitter:

[Firstpost]

Can Beijing revive the Chinese economy?
Leave a comment and let us know your thoughts

[Bolero.]

What you're not hearing. China's exports to USA fell 23% 1:48-1:55 because China is no longer selling goods such as rare earth minerals to America that uses it to produce weapons and semiconductor chips. The drop in export is deliberate. China's economy however is expanding this year, almost double last year's figures.

Shanghai 1st half GDP: 9.7%
China's Q2 GDP: 6.3%
China's GDP YTD: 5.5%
China is exceeding it's own estimates of 5% for 2023

[Rav]

More people in China = more consumers, more workers, more opportunities, a better economy
- More people in India = more mouths to feed, more unemployment, more social unrest, more headaches

[JefChen.]

GDP 2023:
China🇨🇳 = $19.91 trillion
India🇮🇳 = $3.45 trillion

International trade:
China🇨🇳 = $3.7 trillion
India🇮🇳 = $740 billion

External trade to GDP:
China🇨🇳 = 18%
India🇮🇳 = 22%

India's exports are also falling due to global recession and worse, India's economy is more reliant on foreign trade than China

[JefChen.]

Didn't she say back in 2021 that China's doomed property market would bring down the Chinese economy and India would surpass China by 2030?

[aisve]

Gordon Chang wrote a book in 2001 about the collapse of China's economy. Years later, he is still predicting China's economy collapse.

[Rav]

The main difference between China and India:
When China plans something, the world would know about it once it has been completed.
When India plans something, the whole world would know about it even before it starts 😂

[geoffreywaihenya]

Hello Parma. Was your first boyfriend a Chinese and in this case broke your heart irrevasibly to a point you developed grudge with china since then

[jkc]

🤣 Even if China is frozen, it will still take India 30 years to reach China's size

[Peace-jrxu]

She is Indian. That's why always talk talk talk. Nothing more.

[Rav]

Here's what India's 🇮🇳 democracy is all about:
- Corrupt leaders
- Poverty
- No.107 on the World Hunger Index
- No.126 on the World Happiness Index
- No.161 on the World Press Freedom Index
- High unemployment
- Wealth inequality

[susannnico]

Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with *ROCH DUNGCA-SCHREIBER*, her skills set is exceptional.

[anthonybrumble]

Thanks Palki for taking us behind the Chinese Economic veil of Export and Import drops and how they're impacting their economy. Good analyses and important lessons being pointed out. We live in an interdependent world and people automatic adjustments to spending when uncertainty is rank in the air--particularly the trajectory of the Russian war against Ukraine and the fallouts for nations which stand aside and let this war madness continue. SMH. 😢.

[JefChen.]

Didn't she say back in 2021 that India has a $1.2 trillion dollar master plan to grab factories from China. It's called the "Gati Shakti" or "Strength of Speed" initiative to attract multinational companies and enhance India's image as the manufacturing hub of the world

[davidsheeran]

It is Important to the European Union, Canada, America, Australia, New Zealand to completely decoupled from Russia, China, North Korea, Belarus, Syira to protecting western International countries, companies out of China completely to rebuilding western production plants back into western International markets, western jobs to build strong western nation markets bypassing China, Russia, North Korea, Iran, Syria, Belarus.

[Rav]

Listen carefully Indians!
China has $3.5 trillion dollars worth of forex reserves. Plus China has $2 trillion dollars worth of loans to BRI countries. On top of that, China has $3 trillion dollars worth of assets globally like mineral rights, ports, start-ups, stocks, sovereign wealth funds etc. Add to that, China recorded $880 billion dollars worth of trade surplus last year alone. While India only got $500 plus billion forex reserves and India wants to counter China? This is not even a David vs. Goliath kinda thing, this is an ant taking on a T-rex

[scamexpose]

Cows in each house in villages have low productivity than cows in cow farm where they are fed and trained to have high productivity. China is a powerhouse. Crises will come and go. If you are human you are not immune to every disease. I will never underestimate China's ability to come out of any crises.

[Rav]

Middle class population by country (World Bank 2022, in million):

1. China🇨🇳 = 976
2. USA🇺🇸 = 178
3. Japan🇯🇵 = 92
4. Germany🇩🇪 = 69
5. India🇮🇳 = 66👈

*If you earn $1 a day, you're considered middle class in India already

[Rav]

Sorry to disappoint y'all Indians but listen here carefully. China enjoyed almost 40 years of nonstop, uninterrupted, continuous progress through industrialization and export led growth in an era of globalisation and free trade. Only now is India longing to follow China's footsteps, at a time of protectionism and AI assisted automation in manufacturing?

India missed the train and it's the last train!

Something for you Indians to think about: half of India's population is under 20 years of age. THEY NEED JOBS and not Modi's false promises

[aburetik]

June 2023, lndia's overal exports fell by 13%, and merchandise exports fell by 22%
It's even worse than China