Comments by "HomerOJSimpson" (@Homer-OJ-Simpson) on "Why China's Economy is Finally Slowing Down" video.

@henli-rw5dw But the $12,500 is for a super cheap EV that doesn't fit all the regulations of most or all western countries. BTW, the lowest cost EV in the US is actually $29k and that doesn't include any government rebates.
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@Sam42069 Yes, you can't fully go all in on just environmental concerns -- economic and security are very important as well.
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@J_X999 How is Xi lockdown for 3yrs where many companies either left or are in the process of moving some operations out of China good? How is taking too long to address the single child policy good? How is battling with their major trading partners good?
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@jaspergood2091 I feel like China's issue is much worse as 30% of China's GDP relied on home construction AND 70% of Chinese people's wealth is in the homes.
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China's growth is shrinking fast and much faster than expected. US GDP Growth has surpassed China. Fewer and fewer economist now believe China's GDP will surpass US and that's using the 'official' (inflated) GDP from China. China's annual GDP growth is now roughly half of what Japan, Taiwan, South Korea were when they were at the same GDP per capita as China.
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Boston avg home still much bigger and the income:rent ratio is still more favorable in BOS. But there are some similarities.
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@DarkHarlequin No, that's Sam from Half as Interesting. Totally different person than Sam from Wendover. You can tell because Sam from HAI speaks with a comedic tone but this Same speaks more serious.
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@AndreVictorGoncalves "Only Tesla making cars in the USA right now" is the lowestIQ post I've seen. Tesla only makes a small fraction of the cars produced in the US. The auto industry is very strong in the US but some of it has moved to Mexico.
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@J_X999 Beijing worker, what's your thoughts on Xinjiang?
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@AndreVictorGoncalves You are questioning if it's better to be in China's position? Where 70% of people's wealth are in homes, 30% of GDP is tied to construction, and they have 1/5 the GDP per capita of the US?
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@AndreVictorGoncalves My numbers are wrong? Then why not state what those numbers are? Hmmmm Second, China investing heavily on infrastructure is ALSO a problem now. They have built up a large amount of debt in more recent years building infrastructure that really isnt needed. Polymatter (a friend and 'coworker' of Wendover through Nebula) has many videos detailing China's issues with it's debt and infrastructure spending. Long story short and in the simplest way that I think a child (u) can understand, more infrastructure isn't always good because it gets harder and harder to find more projects that have return on investment making it worth it. Imagine two cities separated by river. One bridge bring GREAT return on investment (ROI). The 2nd bridge brings good ROI but less ROI. Each bridge will bring lower and lower ROI. If building that 100th bridge is or sure going to be far more costly than the ROI you get from that bridge Everything you stated and the tone of it suggest you work for Beijing.
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@J_X999 Praised Xi, denied the bad things happened (like lockdown dragging economy down and thus many firms sent parts of their operations out of China). REpeated See See P 'arguments'. What are your thoughts on Xinjiang?
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Not really...the problem in the west is mostly from LACK of buildings while in China is TOO many buildings that are empty
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It hasn't been demolished but they are preparing to burst the bubble at some point.
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@flakgun153 Correct. The bubble isn't popped yet. They are propping it up to keep it from deflating but the bubble will have to pop.
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Where are the bricks?!?! - Chinese construction companies & Sam
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@TerrySitu What does total GDP have to do with this argument? That just sounds so much like an irrelevant See See Pee talking pt
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@AdPaxSinica The video literally says 30% and that's what you find online as well. What % of GDP in China comes from construction?
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@J_X999 I can see your other comments here also defending China and praising Xi
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@J_X999 Beijing dude, why doesn't Andre provide the correct numbers? Or u? Hmmm...say something bad about Xi
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@psikeyhackr6914 The probem with your argument (without you clarifying which you didn't) is: 1. 70% of Chinese person's wealth is tied to real estate but in the US only little wealth if at all is in cars. 2. Few people are buying cars with expectations they will make a profit on selling it later. But large number of Chinese are buying homes and extra homes as investments 3. A car adds major utility for a person. They need it and use it. EXTRA homes in China are (mostly) purely for speculative reasons sitting empty or mostly empty and hoping to resell later at a profit.
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@psikeyhackr6914 Did you even read what I wrote? >The potential wealth got poured down a rat hole. You mean Chinese with housing? B/c as I said with automobiles, it's only a small part of earnings of Americans AND it has utility (helps people get to work, get to places...you know, earn and spend money). A home is FAR more expensive and Chinse bought extra homes not for utility but to make money (investment)...which is now crashing. Buy a car at $30k then sell it 5 years later for $15k, that's $15k it cost but that provided major utility. Buy a second home for $300k and then sell that for $200k a decade later. That's $100k lost all while providing no utility.
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US GDP Growth has surpassed China. Fewer and fewer economist now believe China's GDP will surpass US and that's using the 'official' (inflated) GDP from China. Most of the west reached upper income level so being stagnant at upper income is MUCH better than where China is headed. China's annual GDP growth is now roughly half of what Japan, Taiwan, South Korea were when they were at the same GDP per capita as China.
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This is interesting post. 1. Yes, similar to Japan i the 90's except Japan had reached high income while China is about 1/3 (or less) the GDP per capita that Japan was in back in the 90's. 2. Demographic problem of China is indeed worse than it was in 90's Japan. 3. Those internal & external conflicts are indeed making it harder for China to combat their economic problems. 4. One positive for China (at least in comparison to Japan) is that China can learn from 90's Japan and from 2008 housing market crashes around much of the world to address the problem today
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Do you not understand the words 'slowing down'? China's GDP growth is quickly shrinking and taking A LOT OF MONEY to even keep it at or around 5%. US growth rate in 2023 was 3.3% in Q4 2023 and 5% in Q3. In addition, China has 1/5 the GDP per capita of the US and with a Shrinking growth rate while the US is back to a steady 2.5% annual growth rate. China's economic problems will only get worse as demographic AND housing crisis accelerates all while they are increasingly alienating themselves from most of their large trading partners.
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@angusyoung1448 That's such a Child like response. You work in Beijing? China's GDP growth is falling fast and will continue to fall as it's demographic AND housing crises worsen. When Taiwan, South Korea and Japan were at similar GDP per capita as China is today, they had some 7%+ annaul GDP growth for the next 20 years!! China is expected to have only about 3% annual GDP growth for next 20 years. Math probably isn't your skill but to put that in perspective, if you start with $100... 7% annual growth is $387 while at 3% that's $180. Basically China in 20 years will be at 40% of what it would have been if it had Taiwan/SK/Japan's level growth that they experienced in the 20yrs after they reached the level China has reached today.
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@angusyoung1448 Attack your comment? Why not since it's literally terrible argument meant to defend China. Explain how it doesn't make you seem like a Beijing worker when you are criticizing people for pointing out China has major economic problems that even Xi is worried about and the govt is doing everything it can to prevent a full economic collapse?
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@angusyoung1448 "an't you just present your sound reasoning without debasing other people? " I'll apologize if you admit China has conc camps of Uyghurs and is a very oppressive state that is a problem to many of its neighbors? Otherwise, it would seem like you are here to make TERRIBLE arguments in support of China.
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@louiss2441 Yes, Angus Young post was poorly written and clearly he is here to defend glorious Xi.
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@angusyoung1448 Funny how you can't even answer if China has camps of Uyghurs. No wonder the original post stated what it did...it wasn't meant to talk facts but defend glorious Xi
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@shinobikyojune1849 Andre won't show us a source because they are here to defend China rather than to talk facts.
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@psikeyhackr6914 I clearly meant 60 years. (edited 6 back to 60). What I am not understanding is the lame attempt of equating automobiles to China's HOUSING and or economic crisis. Even your respond to me provides no such answer to that.
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@TerrySitu No it's not hard to compare GDP between countries. It's much better to compare GDP than ignore it. What's your evidence the US inflates GDP when the process is very public and can be fact checked by others? It's also not run by the president...unlike China where it's very secretive and serves only Xi or the head of the party. In addition, many studies show China is likely greatly exaggerating their GDP growth year in and year out
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It's keeping it afloat for now but it will have to pop.
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Can you expand on the point you are trying to make? What did the US do last *60 yrs with automobiles? What data do you have on depreciation of automobiles and how it relates to this topic?
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@J_X999 they haven’t popped the bubble. All they did was stop inflating the bubble but the bubble is going to pop at some point. Massive bankruptcy in real estate have occurred and more likely to follow.
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"a good thing" as in terrible mistakes left to keep getting worse but finally something is being done to address it? All while Xi's policies on other matters that effect housing have worsened the problem? I agree it needed to be deflated but the issue gets much worse with Xi driving down the economy with many of his policies so now there will be a hit on the housing market at the same time the economic growth is shrinking relatively fast.
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@J_X999 Do you believe China has conc camps of Uyghurs and is an aggressive state that is a danger to many of it's neighbors? Gives me a good idea of Beijing worker or not
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@J_X999 don't believe millions of Muslims' in western China have been sent to camps? Give me an idea of where you are coming from with Xi praise based on misinfo
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@TerrySitu 1. No it's not hard to compare GDP between countries. It's much better to compare GDP than just ignore it like you. What's your evidence the US inflates GDP when the process is very public and can be fact checked by others? It's also not run by the president...unlike China where it's very secretive and serves only Xi or the head of the party. In addition, many studies show China is likely greatly exaggerating their GDP growth year in and year out 2. What does total GDP have to do with this argument? That just sounds so much like an irrelevant See See Pee talking pt
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@hamzamahmood9565 Well, they have learned from Japan but how much they will apply really depends on what kind of control Xi wants to have. So to the point you are suggesting, it's possible they don't actually put in practice what they learn...but it's still information they have available that wasn't available for Japan 30 yrs ago. Then again, Japan didn't have as many issues as China does when both saw the start of their crisis.
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@More_Row No, they would rather NOT collapse but also never admit they learned from Japan
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@shinobikyojune1849 Andre likely works for the Chinese government. Their post is exactly like it. They say I am wrong but then don't provide numbers and then they go on to try to defend China with terrible arguments suggesting that China can just continue to build unlimited infrastructure to solve the problem when the facts say that each dollar spent on infrastructure today in China are only providing a return of 25% what it use provide 20 years ago. China is basically spending on many infrastructure projects that are worse for the economy (the cost to build higher than the economic growth it is creating).
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@J_X999 Funny, the guy states nothing but lies, said I was wrong about the number but doesn't even provide a number (hence he doesn't know), and repeates See See Pee talking points full of obvious bad arguments....but you get made at me for calling him out for his lies. Just say ur a commie. Not true socialist but the commie that is defending China and does the same for other oppressive countries so long as they call themselves communist.
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@J_X999 Are you the type that can admit China has conc camps of Uyhgurs and is an aggressive govt that is a threat to many of it's neighbors? Or is this where it becomes obvious you are a full on pro SEE SEE PEE type?
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