Comments by "zjeee" (@zjeee) on "Why won't China Surpass the United States? - VisualPolitik EN" video.

  1. I would not worry too much, living in China I can tell you that all the big companies are sacking people. The government cracked down on pretty much every big technology firm even massive giants like Tencent and Alibaba have not been spared, not even mentioning the education industry that's pretty much is being annihilated by the new restrictions. Oh and there's the factories that have to shut down for weeks because there is a massive power shortage, electricity is now being rationed even for regular people and restaurants. Imagine having freezers stacked with meat in your restaurants only for the government to suddenly cut power for a week, yeah it's that bad at the moment. As for the future they won't, the one child policy for 40 years have really crippled them and their work force is expected to be reduced by half within 30 years as the generation of multiple children family households are now retiring. Their only saving grace would be if they developed AI enough to compensate for the work force reduction they will inevitably face in the future.
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  2.  @michaelotieno6524  Better be careful throwing those numbers around, China has a much much lower ceiling as to what is considered poverty so a lot of those people would still be considered under the poverty line were they outside China. For example in America, Federal poverty line is at 1073 dollars monthly income, According to Likeqiang (CCP Premier) 600 million Chinese have less than 140 dollars monthly income. You put all those people in poverty from America on a plane to China and suddenly they are considered middle class.
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  3. Just check the whole video there was a lot more to it than just that one factor. His point is more about inefficiency and using loans to prop up the economy so it's artificial even though it does in fact not generate wealth. Evergrande is a perfect example, looks good on paper but they are bleeding money and using investments and loans to pay the production costs which heavily outweighs the wealth generated, in the end you can only artificially sustain a company like this for so long.
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  4. I am pretty sure this youtube channel has script-writers that are far more informed than some random commenter.
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