The "unproductive production" fueling China's GDP | IN 60 SECONDS
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AEI Resident Scholar Derek Scissors argues that the massive growth of the Chinese economy has come with the cost of massive debt. Subscribe to AEI's YouTube Channel https://www.youtube.com/user/AEIVideos?sub_confirmation=1 Like us on Facebook https://www.facebook.com/AEIonline Follow us on Twitter https://twitter.com/AEI For more information http://www.aei.org Photo Credits: Reuters Yhz1221 Music: "Over Time" by Audionautix http://audionautix.com/ Third-party photos, graphics, and video clips in this video may have been cropped or reframed. Music in this video may have been recut from its original arrangement and timing. In the event this video uses Creative Commons assets: If not noted in the description, titles for Creative Commons assets used in this video can be found at the link provided after each asset. The use of third-party photos, graphics, video clips, and/or music in this video does not constitute an endorsement from the artists and producers licensing those materials. #politics #news #government #education #china #asia #business #trading #economics #economy #finance #investment
Comments
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sorry we Chinese people do not like to borrow money like USA.
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yeah but china also has 3.5 trillion dollars in reserve way more than the US
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plz make a video on ... indian economy... the new wto agreements impact...brexit ... Iran's role in world economy
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Indian economy
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pls do video on which countries are going to survive 2016 rescission
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No! China has biggest, best and the most fair economy in the whole world, and anyone who disagrees with it is a evil capitalist tool who does not understand the glory China under Mao Zedong and Xi JinPing! Glory to the First Born! For Aiur!
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I love these 60-second segments. I get to see a lot of topics that I would otherwise skip. A lot of longer videos aren't in the habit of providing an executive summary. So, there's a lot of longer content that you can't even tell if you care. But, a 60-second viewpoint, that is something that tells me whether on not I want to spend my time digging deeper. Thank you, and keep it up.
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I really don't care about China debt. China foreign reserve was US$2.7 trillion in 2015, in 2016 they will jump back US$3 trillion to 2014 level. The debts are in yuan not USD. Debts are inside China, China don't own any country debts. Just like Fed, they manipulate the yuan out. Export and import is gonna be taking a smaller part of China GDP. It was written in their 13th 5 year plan. Domestic growth will take a higher percentage.
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What a shit video, what was the point?
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The US is 350% of GDP in debt vs China at 250% of GDP.
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Chinas economy is a massive spin campaign.
I was on a train in China, going from Beijing to Xian a year ago, and along the way there were big cities which were largely deserted. They built cities just to prop up the GDP, but no one wants to live there.
A lot of people don't earn enough money to buy basic food anymore, and rely on family support.
People retire really early just so they can get young people into the job market.
The cost of housing there is now so insanely high, someone from America would have trouble affording an apartment. The only way most locals get housing is through government subsidy.
At some point, China will hit a brick wall, and it wont be pretty when it happens. -
Isn't internal demand the reason for decreasing rail/port freight activity?
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Very good video.
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BREXIT, in 60 seconds.
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The refugee problem
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How can a guy who can't keep track of his own hair ever be right?
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very nice!
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