Dope Tech Episode 2

<<@psyberking says : What, I have been waiting for 30 years for China's economy to collapse! Do I have to wait for another 30 years? Gordon Chang, you better explain this, or risk being labeled as an incompetent liar.>> <<@usiohaki295 says : Western media painted as colourful reporting.>> <<@fkoff7649 says : FAKE NEWS. ACTUAL DATA DONT SHOW THAT.>> <<@tonysu8860 says : This video and panel discussion can be considered misleading, putting a sunny take on cherry picked data. One of the most egregious is suggesting that China's economy is recovering because of a bump in high tech(advanced) manufacturing and mentioning EVs as the most prominent example. Ironically, EVs are the poster child of China's economic problems.... Producing vastly more than markets can consume. Sure Chinese PMI might get a boost but if product isn't actually being sold to consumers, you're getting the dumping accusations in Europe and fields of unsold cars in China. The net effect is that China can get a boost in GDP because GDP is economic activity and not a measure of product9ivity, efficiency or profits. Put in plain and simple language, China can pump money into making EVs but if they're not sold at a profit, then the business is just "make work" and only drains the Chinese economy. There's a possibility that there might also be a boost in chip making because China has been blocking foreign imports to ensure business for domestic foundries like SMIC. But, there's little evidence that China is exporting more, only using more domestically produced product. There's only wishful thinking and telling half the story by doing shoddy analysis in this video... Put simply, China's economy is recovering if it's actually making product that can be sold for a profit and saying China is making more stuff is misleading, unless the product can be sold it's actually a big drain driving the economy downwards. And BTW Say8nng that China is doing great exporting to countries like Australia and the Global South is preposterous. Only the EU and the US matter as export markets and for very specialized things maybe some oil exporting countries. But outside of the EU and the US plus the Chinese consumer marketplace, all of the Global South doesn't added up altogether doesn't have the per capita wealth plus population size to be an important consumer marketplace.>> <<@bluefoxblitz8416 says : 👍 oh good on you China! It is very hard to shift the economy upwards. Great job. ❤ Australia 🦘🦘🦘🥳>> <<@DK-ev9dg says : What's behind?? It's hardworking, disciplined and patriot citizens plus good govt policies.>> <<@robr.5044 says : A lot of smoke and mirrors. That number is more wishful thinking than reality. CCP is all about face. It’s going to cost China.>> <<@robhappe906 says : Money printing in November, December and February. Exports are down!>> <<@DEEYANASE says : High unemployment, weak investment, declining real estate and tumbling stock markets… yet China’s economy grew 5.2%. China is truly amazing country.❤😊>> <<@sulandelemere says : Great analysis as always.>> <<@kckoay6211 says : The world has been fooled by the U.S. for a long time — crying foul while quietly ripping the benefits （得便宜卖乖）. Why? The certitude of dollar as the reserve currency had enabled the US to augment the exploit and hegemony of capital. It gives the US an extortionate advantage, as well as a club to beat the hell out of the other nations. That is because the cost of capital and labour of other producing countries, China included, is no more than what it will cost the U.S. to print the greenback. Leverage on that extortionate advantage, the U.S. has been indiscriminately printing money — via the issuance of debts — to finance its insatiable appetite for consumption. In 2023 alone, U.S. had increased its public debt by $2.239 trillion to fund government spending in order to inflate its GDP by a staggering 8.2% to $27.36 trillion. Without which, the U.S. GDP for 2023 would not have expanded by 2.5%. Yet Washington has the audacity to complain about unfair advantage. And that reminds us of the quotable quote of John Mark Green: “The self-righteous scream judgments against others to hide the noise of skeletons dancing in their own closets”.>> <<@ratnabahadurgurung9850 says : Welldone China.>> <<@bangthingneng9433 says : This probably indicates the strength of China's economy & it could goes further, hopefully, without activate on real estates stimulation. China may not need property sectors to push its economy & that is very good news. Proper controls should put on place to property sectors ( tightly ) for long term benefits. The property sectors should be regulated & insulated from speculations or unscrupulous demands for profiteering by big players. This sectors could held goverment under duress & hostage if it is without proper controls or the controls are rather impolicy to its sustainability as a key to GDP growth. Unless the goverment came out with sound system that is politic to the growth & with sustainability features & even better to investors and the country in many ways then the goverment should regulate it tightly. Obviously, there are ways and this shall never lets down the investors. It will be much alluring, enticing , sustainable & more secure with regards to financial system of the country, etc. For better world Bang>> <<@hoanpham8502 says : Why they didn't say because of the competent of the people whose governed the country's economy .>> <<@havencat9337 says : being on the ground in China you can see the country its changing fast and life its very good. cheers! (I viosited for the last 5-6 years and I moved from a UK to China for the last year so i talk from experience)>> <<@udayasampath3530 says : China❤❤❤from SriLanka..>> <<@tomsunuwar6940 says : Great China 🇨🇳 👍❤️💐>> <<@onestraw-zx1ph says : I fully expect China to achieve its gdp 5+% target, especially after Anthony stated the fixed capital investments are showing steady numbers. The manufacturing data is also a good sign, and since services growth generally follow real economy growth, then consumption data should show improvements, as well. China's economy is also very rational due to the absence of monopolistic practices, which is a very important factor to control inflation, easing interest rate pressures. China's s industries respond well to increases in demand, thereby easing overcapacity problems. Closely related to this is the contribution of China's exports which are high quality and competitively priced to other economies. Monopoly pricing is a contributor to economic stagnation ,because it reduces the demand for other commodities, while not passing off market price reduction coming from technological improvements affecting productivity. Finally real quickly, emerging economies are on the lookout for energy- saving products and technologies, because reducing reliance on foreign fossil raw products helps greatly in maintaining stable balance of payment in the import- export sector, which is critical in maintaining stable currencies. China is well- positioned to service the needs of countries for energy conservation and renewable energy technologies, such as wind mills, solar cells, even hydrogen/ fuel cell power systems. Thanks for reading. The program was very informative.>> <<@Monkey341 says : Eat your heart out, US, EU, Japan, Philippines, etc.>> <<@philiptan2051 says : Wow, China’s economic growth in Q1 of 2024 has exceeded the target of 5% p.a. Very good industrial productivity and growing consumer spending. Bright future for China. 👍👍>> <<@BrandyHeng007 says : Due to over capacity demands>>