It's OVER: The Worst Economic Collapse in China's History

⬇️Timestamps:
0:00 → Prologue
0:11 → COVID Zero Policy
1:47 → Property Crisis
7:28 → Banking Crisis
9:33 → Exodus Crisis (Companies Leaving China)
11:05 → Netizen's Dissatisfaction (Tang Ping and Bai Lan movement)
12:44 → Steel Industry Slowdown
14:16 → Rich People Leaving China
15:35 → Inflation of Monetary Supply
16:40 → China-Taiwan Relations & Conflict
19:10 → Conclusion

China, the world's second-biggest economy unexpectedly slowed in July, with factory and retail activity squeezed by Beijing’s zero-Covid policy and a property crisis, while the central bank surprised markets by cutting key lending rates to revive demand.

The property sector, which has been further rocked by a mortgage boycott that weighed on buyers’ sentiment, deteriorated in July. Property investment tumbled 12.3% in July, the fastest rate this year, while the drop in new sales deepened to 28.9%. Many high-profile developers have already defaulted, creating panic in the global financial system – most notably Evergrande, which admitted last year it couldn't pay off part of its $300 billion debt mountain.

Chinese policymakers are trying balance shoring up a fragile recovery and eradicating emerging Covid clusters, with the economy expected to miss its official growth target this year – set at about 5.5% – for the first time since 2015.

China has a shrinking labour market and young people often work more hours. Angry young people in China are advocating a lifestyle change by "lying flat", or tang ping, as an antidote to the pressures of society to find jobs and perform well while working long hours.

Labour exploitation is often a product of unchecked management power. In China’s tech industry, labour exploitation occurs in the form of the “996” work culture, and many Chinese have been voicing their opposition to it for a long time. In 2019, an online campaign was launched to raise awareness about the issue and attempt to reduce the pressure on employees.

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[propertystories]

Was waiting for you to cover this after watching many other personal finance channel did it. Didn't disappoint. Simple and straightforward as usual.

[frl-less]

Wow didn't know this is so serious. Thanks for breaking it down for us! Well explained!

[edzrulonn]

Very, very insightful content. Please keep it coming!

[blackchides]

Production quality in your videos are improving. Keep it up bro!

[creativedesign]

Thank you so much for this educational video, I learned so much.

[mshafieq]

Woww this is eye opening indeed. Great content, thanks!

[joshephand]

Lots of good information in a short period of time, Thank you

[pixel]

imo this is one of the best video on this channel. thanks for your effort!

[xclrer]

Thank you! I learned so much, in a logical and sensible way. Great

[christophergan]

Well researched and summarized all of china's problems in one video. Previously I had to watch different videos to get the whole picture.

[senjutsuwarrior]

Hi Ziet, Ive been following these events unfolding in china for some time now, but I love how you have packed all of them into this short and succint video. A+ reporting bro... excellent work~~

[tuomasholo]

Two decades of double digit growth was built on massive levels of debt.

[Aaronsuper]

I usually have no exposure to the economic goings on in China. Thanks for this, was a really well crafted deep dive into the current ongoing crisis. My heart goes out to these people who have no voice and no autonomy.

[goodielafuente]

wow excellent content.. was able to understand whats happening to china just watching this video - well researched indeed. Thank you

[cyt]

Thank you for this informative video. While the topic of discussion goes way beyond finance, I would like to put in my two cents: First, it is hard for English reader to get a balance coverage on China related news nowadays, not even FT, WSJ, Bloomberg (printed/online), with exception from Bloomberg TV. Hence its very hard to know the gravity of China's problem without referring to other material from other sources. Two: Being an investor I guess I would put my money on any place on earth that has a better prospect of growth. I cast doubt on the exodus of companies out of china purely based on economy prospect, as if other countries mentioned at this moment has a better growth prospect for them to do so, be it at present, or in the near future. Three: Statistics and figures are more accurate than quoting sporadic demonstrations, esp from the media that was known to play politics than giving accurate assessments. So while I do think that many things happened in China, but the gravity in relation to the size of the economy may not be as grave, esp if we compare that to other developed or developing economies in the world at present.

[싢큐]

The bgm really spice the video up tho😂 it's so informative and well explained that I wish the thank you button is available so I can give you a super thanks👌🏻💯 as someone who literally ran away from China and came back to Msia in 2020 due to COVID, I srsly can't imagine what if I decided to stay at there back then or go back when the COVID situatuon in China was much better last time. Loving this weekly Ziet desk(?) Series😆

[eutube]

this is such a great and informative documentary on China Ziet. I hope you know I appreciate your hardwork so much for this. (Y)

[boyboy]

I was blur on what's happening on Evergrande, you have made it clear, keep on doing a good job, is nice to know what's going on in China.

[robertwalla]

Ziet yr summary is logical. Another view in different style in this social media is a wellcome. With all the unpredictable style n actions of chinese gov...still many feel chinese currency will be world std replace usd.. wow ..what say u Jack Ma ..?

[TheMrlim]

from young i have been hearing China will be one of the world’s leading economy. no doubt but the ccp has some extreme views and policies that deters the nation from growing