China's Economic Crisis
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China's economic growth model of export-led, investment-driven growth is in crisis. This Macro Watch video (from Q2 2014) explains why this crisis was inevitable and what it will mean for the rest of the world. To learn more about Macro Watch, please visit: https://www.richardduncaneconomics.com
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1. duncan's charts mostly ended in2012, meaning out of date?? for 3-4yrs, consumer economy solidly and consistently becomes larger, e.g. just ask hollwood,apple, starbuck, nike, GMcars, alibaba, airlines sales' executives 2. it says china investment is 50% of GDP vs 15-20 % in US but china was a 3rd world country prior to that, just roads, airports, railways,ports, bridges, water,power infrastructure require large investment to catch up. 3. it says 80% of chinese made less than $ 10/day=300/month?? where did he get this data . typical factory workers and clerks monthly salaries have been over $3000 that is 450-500 US dollars a month. that can afford decent living in most part of china. 4. true, that overcapacity is a problem in some sectors, but key reason for poor export is mainly because whole G7 's or called world economy/consumption is poor since 2008, USA barely recovers by now.
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