China is Quickly Running Out of Time

Foreign investors are retracting funds as China's central bank battles the yuan's decline, the weakest since 2007. Treasury Secretary Janet Yellen flagged China as a US "risk factor", echoing President Joe Biden's recent characterization of China's economy as a "ticking time bomb". Contrasting Biden's economic stimulus, Xi Jinping aims to break China's reliance on speculative construction and unclear local borrowings amidst growing challenges including real estate crises and labor market instability. China grapples with escalating youth unemployment, reaching 21% in May 2023, up from 15.4% two years earlier. Fang Xu, a sociologist at UC Berkeley, notes the ongoing recovery of the young population from strict lockdowns. The world's second-largest economy struggles to recover from the Covid pandemic, impacting investment opportunities and the property sector significantly. Companies like Otis witness a decline in the Chinese market, with broader impacts yet deemed restrained by experts like Brad Setser, a former Biden administration adviser. #China #Economy #Yuan #GlobalImpact #YouthUnemployment #RealEstateCrises #JanetYellen #InvestmentOpportunities

Timestamps:
China Slows Down 0:44
Geopolitical Tension 10:52

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Sources Used in This Video:

[lilblackduc]

American land shouldn't be owned by foreigners. It's harmful enough that they will do it by 'proxy', regardless. Once established, they are isolationist with their hiring practices...NOT good for American workers, or economy. Good show, David...🇺🇸 😎👍☕

[soulstar]

If China is out of Time, America lost his watch

[christopherk]

Scams and scammers everywhere…. Evil spreading. We need good honest people….

[dexterthomas]

I’ve been an elevator Mechanic for Otis for 15 years now I work for Schindler it would be a major impact to see them fail. I was wondering how they would implement UBI with the Major Union companies but this clearly it. Currently elevator mechanics pay is $68 per hour with a $15 per hour raise coming up within the next 4 years under the new wage contract but we won’t see that with what’s coming. Time to walk away from the money. Invest in food and self sustaining methods and you’ll weather this storm easily. Think Joseph, it’s here friends and family

[patricktully]

Love your show but I believe America 🇺🇸 is on borrowed time pride always comes before the fall

[mervschetter]

NO Foreign person or government period...

[nolancamacho]

China will just go to low to zero interest rates just like the United States did in 2010.

[happyharryp]

The pot is boiling and no one can turn down the heat…the result is that we are going to get burned…thanks Dave.

[valerieponce]

Much appreciation to you David for your Great Work ✨
Good Morning ☕️with the Truth.

[jeffee]

Otis may lose money on new equipment orders but they are losing zero on maintenance and repairs lol

[kortyEdna]

Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.

[ZackRyann]

October 4 2023 a emergency Test… on all cell phones Tv laptops..This will only be a test .

[jackler]

I’m from Malaysia. That city is almost dead even before C19

[Bigsparky]

Absolutely not should they be able to purchase any land in the US unless you’re a US citizen.

[manuelagerlach]

Money is flowing to good old USA. Thank you for another great video.

[dashymandm]

How much time do we have for market crash?

[HailCaesar-lmbq]

Most the Elevators I see in China Krups and other German brands. I rarely see any American products there but the American manufacturers they gave away

[palmettocarpetmiamiROBERT]

As is, internationals buy land and property via LLCs. I have no issues with anyone buying internationally. The reality is those with money will invest their money where it is secure and it will build value. It can be in their nation or internationally. If we are for fear mongering if they buy something near a military base or airport, we should be complaining about the US Government buying land to put US military bases around the world.

[paulwalker]

It"s almost as if everything that is happening in the appearance of this world is going to culminate in it"s end.☀

[norsefalconer]

The small town where I live runs "In The Black" every year. They reevaluated property values (required by State Law), but lowered the tax rate to help offset the increase(s). Even so, because of RE price rises, my property tax has doubled in the last 3yrs.

Heres the thing, I understand that the town workers/civil servants need pay raises to deal with inflation, and I know the town's material amd general operations costs have escalated. Although I'd rather not have to pay taxes, I see value in what the town provides, and feel it's a positive ROI (for me).