Comments by "Vale Tudo" (@valetudo1569) on "China's tepid economic recovery represents a policy 'narrative shift', says China Beige Book CEO" video.

  1. He's actually very credible. You should look him up and find the recent videos where he is pushing back against people saying China is collapsing or over. Its just anything you hear not positive about China from a white guy - you instantly reject
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  2. Well its actually not. China is too big now to rely on export for further growth and the world already absorbs so much of Chinese exports there simply isn't enough demand for such a large economy to rely upon that further. Especially with global demand weakening - exports are going down, not up. The high exports also rely on a lot of subsidization of manufacturing industries, so its a double edged sword and quite costly. Lastly, you can't progress to an advanced economy if you still rely on investment and exports as a source of growth. It has to come from consumption, private business investment, and innovation
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  3. Producing their own high end chips? They made those 7nm chips from foreign lithography machines that they can't get more of. It's also highly likely they had to subsidize the costs of those to make them price competitive as it's not cheap to do with the lithography machines they have. EV indistry is also heavily subsidized. China is going to need a whole lot more than 7nm chips for cell phones and subsidized EV's to get out of this situation.
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