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China’s Looming Crises | CNBC Marathon
CNBC Marathon examines China’s crises, encompassing real estate collapse, population decline, and soaring urban youth unemployment.
China is facing a growing list of problems - real estate, semiconductor bans and labor market gyrations. The world's second-most populous country also has a major youth unemployment problem. China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.
China remains home to 1.4 billion people. But that number is getting smaller. The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. The last time China saw negative population growth was in the 1960s. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline.
China's real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China's real estate crisis as a big reason why.
Chapters:
00:00 Introduction
00:48 Why Youth Unemployment Is Surging In China (Published September 2023)
12:32 What China's Shrinking Population Means For The Global Economy (Published March 2023)
21:21 Will China's Real Estate Crisis Hit The Global Economy? (Published October 2023)
Produced by: Christian Nunley, Anuz Thapa
Narration by: Jordan Smith
Additional Editing by: Kevin Heinz, Brad Howard, Jack Hillyer
Graphics by: Christina Locopo, Jason Reginato
Production Support: Kate Sammer
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
Additional Sources: Getty Images, Reuters
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China’s Looming Crises | CNBC Marathon
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КОМЕНТАРІ

  • @joekerr8037
    @joekerr8037 6 годин тому

    Do not listen to US BS ! China population is still 4.25x US population !

  • @jonesfrederick1228
    @jonesfrederick1228 6 годин тому

    The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Sarah Jennie Davis, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment

  • @iSeeTicks
    @iSeeTicks 6 годин тому

    Korea Japan and China they are all havung the same issue and so is US. What did you expect when cost of living is so high and the society is so fuked. How do you expect someone to raise a child when they have to work 50hrs a week just to pay rent and barely get by.

  • @EDW-atrocirella
    @EDW-atrocirella 6 годин тому

    Lol....they are all in different countries....you all think the are just gonna sit in China and make fortune cookies lol

  • @ravimandavi5741
    @ravimandavi5741 6 годин тому

    Why the hell i was not a drug dealer back than. Fully regret 😢

  • @joekerr8037
    @joekerr8037 6 годин тому

    Is this the BS US is now peddling ? GFY, US !

  • @michaelbodine6142
    @michaelbodine6142 6 годин тому

    ABSOLUTELY Necessary, WE want to know who did it to us , Like Sherlock Holmes! 2021 phone hack.

  • @mulsannestraight
    @mulsannestraight 7 годин тому

    Typical Western News 😆 only a fool would listen to you guys

  • @lingdavid7949
    @lingdavid7949 7 годин тому

    In fact, just this year, Shanghai’s per capita disposable income has surpassed Tokyo’s

  • @gellopudding
    @gellopudding 7 годин тому

    NYC charges ridiculously high taxes and never has enough. Why? Because they wastefully spend, and there's zero accountability.

  • @srinivasmadiraju1978
    @srinivasmadiraju1978 7 годин тому

    After decades of growth Chinas economy plateaued.

  • @paulmo15
    @paulmo15 7 годин тому

    巴菲特價值投資VS趙薇割韭菜 趙薇坑殺散戶賺了幾十億才罰款70多萬元,感覺趙薇賺錢的效率比較高,老巴太慢了

  • @Maddison809
    @Maddison809 7 годин тому

    Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!.

    • @AlfrezaAndi-tq6bd
      @AlfrezaAndi-tq6bd 7 годин тому

      Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

  • @fowlerja
    @fowlerja 7 годин тому

    A long read. Please let me know if you find any errors. Thanks. Jim. How Joe Biden’s BIDENOMICS Has Hurt Cities and Towns From 2021- April 2024. “BIDENOMICS” really means the government is SPENDING more money than the government takes in via taxes. To make up the difference, the government borrows money (goes further into debt) from foreign countries, banks, American citizens or anyone else. This debt is added to the present national debt of ($34.4 trillion dollars), that you, your children, and grandchildren, etc will end up paying with yearly interest payments. Expected interest payment for 2026 is $1 trillion dollars. This means less is available to fund American problems. Every year Congress ONLY PAYS THE INTEREST on the national debt, it does not pay down the principal, which is increasing by 1-2 trillion dollars every year. Last time Congress paid any national debt was 1956. They decreased the national debt by a measly 1%. Joe Biden unveiled his 2025 budget on March 11. 2024. Plenty of spending plans for all groups and purposes. Must be a” Presidential Election” year budget plan. National debt to increase another 2-3 trillion dollars. By 2026, Americans will annually spend $1 trillion dollars in interest payments for the national debt. Can you live on your income if you were spending 20% of it on interest? President Joe Biden said that he would be the most transparent President in American history in his inaugural address. Below are facts that Joe has not been very transparent about with the American public. _____________________________________________________________________ In a recent speech, President Biden said: “Folks, BIDENOMICS is just another way of saying 'the American Dream.” Be careful… look at the facts below. ___________________________________________________________________________ Overall, prices increased almost 20 PERCENT during Joe Biden’s term! Has your paycheck increased by 20%? Inflation is not diminishing in 2024. Not good. Average credit card rate - 24.37%, HIGHEST RATE IN 80 YEARS. ( 48% increase since Joe took office). Blomberg reported that the average FICO credit score declined for the first time in a decade in OCT 2023. Home interest rates have increased dramatically to 7.51%. (APR 2024) ( 283% INCREASE since Joe took office). 2023 - the worst year ever for housing affordability. US mortgage applications for home purchases fell in Feb 2024, nearing its lowest level since 1995. (29 years ago). "Today we report that for at least 40% of Americans - up from 27% just two years ago - the American Dream is dead and buried and has been replaced with the American nightmare: renting for life". (Zerohedge.com) (April 2024) The average new car interest rate in Feb 2024 was 7.91% for a 60-month loan. (89% INCREASE since Joe took office). The rates of Americans behind on auto loan and credit card bills continue to rise - in fact, both are at the highest levels in more than 10 years. The AAA estimates the annual cost of owning a new car in 2023, up 14% from last year. Car insurance rates rising the fastest since the inflation spike in the mid-1970s. U.S. Bureau of Labor Statistics. The national average price for a gallon of regular gasoline is $3.40. ( 51% INCREASE since Joe took office.). The average national cost of electricity in January 2023 was 16.8 cents per kWh (33% increase since Joe took office) The average national cost of natural gas for residential customers in January 2023 was $24.15 per thousand cubic feet. (A substantial 44% increase since Joe took office). Total household debt in 2023 set a new all time record of $17.29 trillion. Americans paid $130 billion in interest and fees on their credit cards in 2023. Largest amount on record. And as An Added Bonus: Welcome 11 Million New “Illegal Asylum Seekers” To Your States, Cities, and Communities. You will need to shelter, feed, educate, find jobs, and provide medical care. Joe decided and also gifted you with this obligation, that you not only have to support your family, but also 11 million strangers. Joe, that is going to increase the “homelessness” problem in America. Thanks for putting America first. Joe felt the "legal" immigration system was inadequate for America, so he created the "illegal immigration" system. America does not support Joe’s "ILLEGAL migration” agenda. America supports a "LEGAL" immigration system. "Pay attention to what Joe Biden does, because his actions will tell you everything you need to know."

  • @KP-ht4in
    @KP-ht4in 7 годин тому

    You can thank all of your politicians from both sides for this we the people let them get away with to much especially for how great we pay them to do nothing 🤷🏾

  • @Disillusioned2022
    @Disillusioned2022 7 годин тому

    Why dont you have the border crossers pay tax?

  • @hieveryone2003
    @hieveryone2003 7 годин тому

    This is mostly propaganda from the Chinese contributing to this video. The simple fact is China is in terminal decline. They somehow thought threatening and bullying everyone was going to work out for them. Somehow it didn't.

  • @FhillipFry
    @FhillipFry 7 годин тому

    Been hearing this for ten years now that the next day china will collapse. But boy is it taking it's time.. I would not believe most things coming from western media about foreign affairs. Propaganda. Look a chinese women! We have to believe it now😂😂😂😂😂😂😂

  • @BO_Riddle
    @BO_Riddle 7 годин тому

    All the democrat cities are broke because the fools declared themselves as sanctuary cities and are supporting illegal aliens with education, food, housing , health care and everything else, without the illegals giving anything back and in addition they rack up expenses for police, infrastructure and drain the cities resources.

  • @michaelbodine6142
    @michaelbodine6142 7 годин тому

    Buffet is one of most respected men in OMAHA and New York, he is " no nonsense" and doesn't like to accept foreign risk. He LOVES free and clear, and LOVES his wife.

  • @allenhu1802
    @allenhu1802 7 годин тому

    I can drive 1000miles in 1 day and I only have to stop 2 times for gas, I can't imagine if I drive an EV then how I suppose to stop 4-5times and wait for charging the battery?

  • @CoreyRose-st3ck
    @CoreyRose-st3ck 7 годин тому

    Someday people will understand that risking money is very dangerous now

  • @Dude-1689
    @Dude-1689 7 годин тому

    Give your clients flexible payment options.

  • @stvdmc2011
    @stvdmc2011 7 годин тому

    china have been collapsing for the last 40 years.....according to Gordon Chang.......just surprise this video didn't interview him.

  • @tombows6980
    @tombows6980 7 годин тому

    I ❤ the NHS.

  • @shreyas908
    @shreyas908 7 годин тому

    Now dream job people crying 😂😂 now companies doing same job with very low cost this determines how replaceable you are

  • @andydondy6444
    @andydondy6444 7 годин тому

    I ve been hearing this same topic dooms sayer since 1995🙄🙄🙄

  • @slh950
    @slh950 7 годин тому

    no one wants to invest in Xi facism, and when he collapses mainland China they won't have Hong Kong to fall back on because he has ruined that too

  • @lassepeterson2740
    @lassepeterson2740 7 годин тому

    The whole idea of city is supposed to be economy of scale . Less miles of paved road per capita , less infrastructure ( pipes and wires )per capita in length , less energy per person etc . But i guess coruption takes over and renders it all moot .

  • @xdtrobowen3881
    @xdtrobowen3881 7 годин тому

    living and planning a family on your own in china doesn't make any sense at all. the growth of population isn't practical. what a world where living in right now? what is the meaning of life?

  • @dechenmo8966
    @dechenmo8966 7 годин тому

    If you brand yourself as a news outlet, at least include the statistical updates. Already seen the set of data in the vid 6 months ago.

  • @KBKPKP
    @KBKPKP 7 годин тому

    Hm is this

  • @awjames1121
    @awjames1121 7 годин тому

    Wake up usa,,, try not to cliam that usa is no.1 world economics anymore,,,,?.. Usa can not just overprinted it very cheap 0.002cents a piece to mass print each piece of 100dollars face value dollars to 500 trillions as world 🌎 no.1 economics anymore,,,,.,?.. Usa is actually cheating,,,?.

  • @sterjexiii2416
    @sterjexiii2416 7 годин тому

    US has more crisis than china or other nations

  • @bigdapramirez6157
    @bigdapramirez6157 7 годин тому

    It can't be that hard to produce. I make at least 3 a day 🧻🚽

  • @chiwanau
    @chiwanau 7 годин тому

    You can see how insulated people are by class, due to censorship. These analysts don't even mention the majority of parents who don't live 1st their city centers who can't support jobless young ppl.

  • @clairde
    @clairde 7 годин тому

    Pro tip : If the US is spending more money on media prowess to put the Chinese in spotlight, The US is the one in trouble. It's just a US distraction.

  • @CoreyRose-st3ck
    @CoreyRose-st3ck 7 годин тому

    Yes. really good information

  • @ytong8956
    @ytong8956 7 годин тому

    希望BYD和特斯拉合作发展电动车,造福人类。

  • @AlexLee-dc2vb
    @AlexLee-dc2vb 7 годин тому

    I HATE THE CHINESE GOVERNMENT

  • @STEVELaMere-gg3ve
    @STEVELaMere-gg3ve 7 годин тому

    Getting the Drift , you savvy

  • @awjames1121
    @awjames1121 7 годин тому

    We ask usa to focus on worry for usa very very wrong doings,,,?... don't pretend anymore,,,,,?.. We can assure usa mighty china dont has problems or troubles at alll....?... We all know cjina survive more then 5000years until now and grow and grow,,, ,?.... Where as usa is only 300 hundred years old and now facing very very hugh financial debts troubles and are in very very deep financial troubles and debt like defaults on 31.4 trillions usa dollars very very hugh financial debts troubles now,,,? And by commercial terms usa now is actually a bankruptcy nation now soon automatic collapse,,,,,?.. So don't pretend anymore usa,,,,,,?.... you cannot pretend that usa got no problems and troubles,,,,?. If you don't work hard and earn many clean honest sweat Moneys to pay back,, Why usa pretend to be very rich and then cheating by overprinted usadollars to so many times to 500 trillions dollars,,,,?. And usa dare to overprinted BUT not dare to assure and guarantee its overprinted dollars trustworthy anymore now,, ?. Like we all can very easily exchange for 1ozs of pure solid gold coins or gold ingots from usa treasury bank for how many usa dollars anymore now,,,,,,,,,?... So usa indirectly encourage all nations to ditch usa overprinted dollars and indirectly motivated and encourage all nations to ditch usa dollars and don't trade with usa overprinted worthless and useless currency,,,?. By not want to assure and guarantee usa dollars trustworthy anymore now,,,.?.. why not dare to assure and guarantee,,,,,,?.... why,,,,,,,,,

  • @TheJagjr4450
    @TheJagjr4450 7 годин тому

    OVERPAID PUBLIC OFFCIALS AND LAVISH RETIREMENT PACKAGES!

  • @EchelonBonBon
    @EchelonBonBon 7 годин тому

    Capitalism was designed to fail for the majority. Anything that take infinitely from finite resources will FAIL. The fact that these so called "educated" individuals spend so much time analyzing trends within an asinine system to "fix" the insanity is a shame. They could be using their brain cells to re-imagine how societies can function sustainably for more people (s0me of them are thankfully) and use their levels of awareness to wake up other distracted people. Ideally we would all be denouncing capitalism and its practices and thinking more about how we can shift from this unnatural way of living to something that makes sense to more of us. We really may not have much time to shift our behavior before we're on an irreversible path to the destruction of this beautiful planet that has given us so much. Let's not forget that it took humans to create much of the mess we see in today's world and it will take humans to clean it up.

  • @jarrodyuki7081
    @jarrodyuki7081 7 годин тому

    yep!!!!!!!!!!!!!!!!!!!!!!!

  • @tayl0r612
    @tayl0r612 7 годин тому

    The idea that these places were ever awesome to work at is just good marketing. I worked at two FAANG companies in the mid 2010s and had all the perks. It was fun, don't get me wrong. The catch though is the expectation of completely ridding yourself of a true work/life balance. You're indoctrinated by being completely surrounded by work at all waking hours. Coworkers are friends and coworkers are family. Mothers have time off for newborns, but still have expectations put on them. Enjoy your time off, but they'll remind you that your work family is slaving away to cover your workload while you're out. Guilt trip. You want to use your $2000 travel stipend? Go for it, we'll all be back here at the office covering for you. Guilt trip. The working hours are inflated from 8 hour days to 10, 12, 14 to get projects done. But it's okay because we have breakfast and dinner available at the office! After hours calls are not off limits. Weekend pushes to get the release through! "Come on, we're all doing it - we'll go out for drinks after!". Oh it's late, let's just sleep at the office so we can knock this out in the morning! If you want to estimate what you make per hour as a salaried employee, a good general rule of thumb is to divide your salary by 2000 hours. In these Fortune 500 tech companies, I'd up that number to 2500 or 2750. With big salaries come big expectations that you're working damn hard for it. They're great jobs for fresh college grads to build a quick nest egg at the expense of a personal life. But they burn out quick, at which point you pray and hope your experience is enough to land you a more realistic job at a sane company for a similar salary.

  • @user-lh2wj2cd8y
    @user-lh2wj2cd8y 7 годин тому

    Because America knows the Land covenants with the indigenous sovereigns 😊... The least they could do is pay people for the impending catastrophes they've duped people into buying into... Climate change is an indigenous, sovereign covenant that us govt didn't understand or appropriately respect (because the covenant is with the British sovereign that were rebelled against in order to form the US. Thus, the rebellious people and their subsequent govt would have little to no idea what the covenant of climate change was and how it functions)... 😌🍀😏

  • @HodgeChris
    @HodgeChris 7 годин тому

    On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

    • @carssimplified2195
      @carssimplified2195 7 годин тому

      stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance

    • @brucemichelle5689.
      @brucemichelle5689. 7 годин тому

      Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.

    • @foden700
      @foden700 7 годин тому

      I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?

    • @brucemichelle5689.
      @brucemichelle5689. 7 годин тому

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @foden700
      @foden700 7 годин тому

      Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @nuevision8
    @nuevision8 7 годин тому

    #DefundThePolice

  • @jarrodyuki7081
    @jarrodyuki7081 7 годин тому

    they think dion t pay rent!!!!!!!!!!!!!!!!! thats why they push all four chores on me incldugin 1. trash duty 2. laundry 3. floor and 4. circuti breaker!!!!!!!!!!!!!!1