Xi’s Plan to Fix China’s Economy Explained (and why it won’t work)

For the past few years, China has been in a consistent economy crisis with a substantial trade surplus. In this video, we're going to take a look at China's economic woes, Xi's new plans to fix them, and why it's worrying the Global South.

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00:00 - Introduction
00:47 - China's Economic Crisis
03:27 - China's two Possible Responses
05:03 - Why the Global South are Grumpy
07:03 - Sponsored Content

[austinbar]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[nicolasbenson]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

[kicorse]

It's an informative video on China but you spent much longer talking about the USA than you did the Global South. I would have expected quotes from leaders of developing countries who are grumpy about the reforms, rather than from Washington.

EDIT: In case anyone is confused about my comment, the original title of the video suggested it was specifically about the Global South. The title has been changed now and fits the content well - well done TLDR for acting quickly on this.

[reminiscedrose]

The cactus on the top shelf is awkwardly placed on the edge, please move it over to the right a little more :c

[Forge]

Chinese labor costs are rising faster than its neighbors, their workforce is shrinking, and the youth generation is increasingly disinterested in labor market jobs. Coupled with western protectionism, diplomatic hostility to the free world, and India/Vietnam’s industrial and manufacturing rise, China has a lot more long term obstacles to future growth than it has had for the last 30 years.

[zUJEjVD]

China wants power rather than money. While under capitalism they're more or less the same thing, a monopoly gives you much more power than money itself and China is aiming for an everything monopoly.

[christopping]

TLDR spreading themselves too thin? Too many subsection video briefings. Lately, many videos end inconclusively and with little of the headline topic covered.

[izgvvob]

I'm pretty sure that the average consumer is not actively purchasing wind turbines.

[painchess]

The title is misleading. You literally spent 1 sentence about the global south at the very end and don't substantiate it with any concrete thing or quote

EDIT: Title has changed. Ths=is comment doesn't mean much anymore.

[okwatever]

I’m beginning to doubt the credibility and objectivity of TLDR

[carvas]

Did you guys just put Janet Yelen's complaints in the mouth of the global south?

[phoebus]

Victoria 3 taught me that standard is not just lowering the price of goods but also the increasing the wealth of the consumer.

[oncoded]

You cannot keep biting the hands that are feeding you and still expect them to continue feeding you.

[eat_ze_bugs]

It's ridiculously funny how this channel is so confident they are right about the future economy of the world.

[spookycode]

The title “Why China is Falling Out with the Global South” is a bit misleading… The global south is only talked about in the end for a few seconds. Most of the video is about chinas unhealthy trade surplus.

UPDATE: The title was changed to better fit the content. Though I still don’t think the title “Xi’s Misguided Plan to Fix China’s Economy Explained” fits the bill well due to it implying that it will surely not work.

UPDATE2: The title was changed to “Xi’s Plan to Fix China’s Economy Explained (and why it won’t work)”. I would honestly remove the “(and why it won’t work)” because the video isn’t about that. The video is about china doubling down.
My suggested title would be “Xi’s Plan to Fix Chinas Failing Export Policy Explained”

[luihinwai]

China's trade surplus as percentage of gdp is only around 2%, way less than the 8% before 2010. On the othe hand, Germany consistently runs above 5% trade surplus as percentage of gdp for the last 10 years

[_remblanc]

The thumbnail change was so weird esp as the video barely even touches upon the Global South aspect

[anantr]

Essentially, China is trying to export their way out of their self-inflicted economic crisis. There is the famous saying that America exports inflation to others. Seems like China is trying to do a similar thing.

[zenastronomy]

second china exports more not because they pay their workers less. India Mexico Indonesia pay their workers less than china does. so why isn't india exporting solar panels?

the truth is, china exports more because it has economies of scale and manufacturing efficiency that no other country can compete with. they can reduce the cost of per unit manufacturing of any item, because they are high tech and very efficient.

not because their workers are paid less. otherwise india would beat China. but they haven't.

[Professional_Youtube_Commenter]

in this video i learnt that trade surplus is a bad thing? LOL.

Is that why people in the UK did brexit so we can export less?