What is causing China's economic slowdown?
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Chinese markets plunged on Monday in the biggest loss since the financial crash of 2007. There is growing concern among investors that the world's second-biggest economy is declining more than previously thought. The government has injected $100 billion into banks to help spur the economy. Earlier, China's central bank devalued the yuan in a move seen as a bid to help exports. But what is causing this decline? And what are the ramifications for the global economy? Presenter: Mike Hanna Guests: Fraser Howie - Co-author of 'Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise.' Alberto Gallo - Head of Macro Credit Research at the Royal Bank of Scotland. Peter Schiff - CEO and Chief Global Strategist of Euro Pacific Capital. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website http://www.aljazeera.com/
Comments
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The only bright spot in the world economy is India.
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The number one reason Chinese government has little money to prop up stocks,they tried the circuit breakers but that caused more panic.60% of the stock holders are regular blue collar workers and tend to panic quickly.Chinese government is trying so hard to devalue the currency to create more exports but doing so also decreases the buying power which then leads to slower economy within China.Japan has negative interest and most of Europe is struggling to get any positive GNP numbers.The oil producing nations in OPEC are all in a massive recession with hyper inflation causing unrest and revolt.The world's economy on the edge of a implosion in 2016.
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all on supply, no demand.
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The slow down is based on China lending so much money to global bank including its enemy!
They dont care about being first in global GDP, it only the west with it lack of intelligence to be worried about GDP! -
The slow down is that they are lending so much money to the wold bank, so that they dont care about being global power GDP
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China stock market goes down.............Its called a market correction.....
Get over it -
What if we compare the problems in China today with Japan since 1980?
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Do you know why China is special, because they don't play your game.
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I like the emphasis on how government policies shape the market. After all, it's at the legislative level the rules for the market are set.
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so simple, the entire world as China's market is fucked.
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on youtube, china's economy been collapsing for over 20 years, i wondering how china manage itself be the largest economy country in the world.
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gxhj
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Well China is not own only by china cause you have lots of foreign invester there that took part of the late 70-80 movement to move laber jobs and manufacturing there.. Seems like many have to loose with a higher Yuan and i am talking about big business USA and other west based. I think they are just trying to suck up all they can till the last drop. On the west side, they create debth with the banks, goverment spending and raising taxes and also try to get the most profit from whats made in china. Keep the currency low. Now whats happening is that they are getting closer and closer to this funny economic system. The well is almost dry......Something is coming soon and i think many will be surprise. At the basic the real problem is justice...The rich people can do as they like and they dont get any consequences for their action...This is the big change that is coming i think. I wait for that.
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Got a host of panelists from as many different countries as they could except from anywhere in Asia (let alone China). Seems fair.
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chinese economic/GDP report are all lies and man made manipulations to attract more investors, GDP could only be at 5% not 7% and foreign reserves were only just half than 3.6 trln reported...and sooner will all run out after injecting money in any business institutions just to maintain their manipulated artificial GDP growth rate...
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As in this video, and most of other "China is evil", "China crash" videos. The debate is based on "There has never been a XXXX in history"....You know, the case laws does not work sometimes.....
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The title is very clear and the answer is: US who borrows to much money! I suggest to invade the US and put a gun against the (empty) head. Pay your debts or we will pull the trigger! Bye bye US;-)
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If i am not wrong US debts are much bigger than China's economy. :)))
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Hope china die hungry.. from India!
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