China's Economic Slowdown and Its Global Impact
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China's economy is not doing so well. The country's 'One Child Policy' seems to have backfired as it led to a significantly smaller workforce. Their efforts to boost the property market after the 2008 Sichuan Earthquake left their real estate market overvalued and underused, giving rise to its 'ghost cities'. Most recently, the Chinese government's attempt to divert attention from their failing property market to the their stock market led to a bubble that burst in July 2015. Things got so bad that China even had to devaluate the Yuan in order to keep it afloat. China is a huge manufacturing hub and in a globalized world, several economies depend on them for trade. And so, when China's economy began to slow down, economies like Japan, the U.S., Australia and Brazil began facing import/export problems too. Meanwhile, developing economies like India, Indonesia, Vietnam and Malaysia are perched to make the most of the trade vacuum created by China. All in all, the global economy is on the brink of change.
Comments
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Why not turn anchor in to just narrater? It'd be better with graphics only just like ASAPScience.
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Nice channel.
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your explanations are awesome.try to explain more concepts
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In China in 1970 it was born the 27 million children, in 2002 born 16 million children, the
forecast for 2030 of 12 million children, 2050 will be born 8 million children and so on in descending. China is almost impossible to raise its birth rate above 1.5 children per woman in the nearest few centuries, one child policy washed people brains. -
wow. such a wonderful explanation to the whole scenario in just 4 minutes.
This is the first time I saw WTD video and now will not miss any. *subscribed *notifications on
Good job.
3m 51sLenght
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