Comments by "" (@thomasherrin6798) on "Business Basics" channel.

The problem is that China's has 57 Trillion USD total debt, more than the Wider West combined, based on their current GDP it's 300%, if China's GDP is most probably 35% less, then their Total debt is much larger at 462% (Which would be the highest in the World)!?!
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@punclalig1036 Yes, like totally different and not the same at all, Russia is carrying out an illegal barbaric war in Ukraine, the West is helping Ukraine to defend itself from that Russian aggression!?!
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@yiping7193 Debt in China is officially 70% approx. of GDP, however economists around the World estimate China's debt to GDP as 275% when "off the books bank debt is added" which is mostly bank debts which the C.C.P. covers with savings by the Chinese citizens, because if there was a major financial problem C.C.P. would just seize these funds to offset the bank debt. This would make China the most indebted country in the world above Japan, with the debt rising!?!
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@yiping7193 Population reduction is a good thing as long as it is managed correctly, however China has substantially altered the male to female ratio from the young to middle age when the one child policy was in force, that is not such good news, and the increase in the older non-working (Or non productive if they are working) population is going to swamp the working population. I'm sure most economies want to transition from low end to high end manufacturing, but few do, and the high end market equates to only 10% of China's exports at present, even if they were able to double the production of this market, which might be unlikely as China's competitors are hardly likely to allow them to "crash their market" it is not enough to pay all the bills with big declines in property (There would be a greatly reduced need of property if the population is going to reduce by even half of the projections) low end manufacturing will reduce to 50% of what it is at present with no workforce, social care bills for the elderly will increase at an alarming rate, and the families or the state have to pick up the bills so that will still be a burden overall, even China's military will be affected as this is mostly a large amount of young men, who will be required to be deployed elsewhere!?!
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@Shaktimaan Can it open up a new water supply where it lands? Otherwise it will just cause mutual assured destruction, it would be cheaper to pump water to the region from a place in India which has a lot of water rather than going to war, it's less expensive, and China's water is China's water whether they are right or wrong!?!
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@yiping7193 Carry on regardless then!?!
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@Glenn-F-Rice Russia has carried out a murderous invasion of Ukraine, Putin has sent 170,000 soldiers and 300,000 mobilised troops, they have mostly chosen to fight to, so it's more than one man, the whole of Russia must stand to account for their actions!?!
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In the U.K. we get rain (for our water reservoirs) and wind (for eventually 3 times our electricity generation) lashed, things couldn't be better :-( !?!
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@AnotherAmerican91 How about having some basic human rights!?!
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@yiping7193 That's the trouble with demographics the problem is over before you know you have a problem. China's population was expanding up untill the 1990's and these people are buying houses here and now! However the population in 10 years time won't be buying so many new houses because they won't be there to buy them and existing properties of occupants which become empty (Due to death) won't be filled either as there will be nobody to replace them i.e. 1.1(Current child births) less 2.1(target child berths) = 1 person lost for every couple since 2000 when rate was just above 1 (Average 1.1 = 215,000,000 approx. lost population from 2000 to 2022 (Not including the loss from the 1990's which could be another 50,000,000 or more), obviously this will decrease expotentionally untill it is corrected!?!
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Europe is going fine. Russia lost 500,000 when the war started, 300,000 mobilised and 700,000 escaping mobilisation of mostly young tech savvy men, that is a big dent in the future of its working population and gdp which is also funding a war which has cost 700,000,000 U.S. to date and 1,500,000,000 U.S. if it finishes by Autumn of next year (All it's G.D.P. for one year gone). So Russia is supporting its currency in a limited market, propping up its failing industries, struggling to sell its energy, supporting an expensive war and losing 1.5 million young workers out of the economy, of which most might never return, creek and paddle comes to mind. Ukraine is fighting for its very existence at present so the economy is coming second, but will be looked on favourably by the West with some of Russia's withheld sanctions money coming into play, it will not take to much money for Ukraine to be reconstructed, about three hundred billion (three hundred and fifty billion has been held from Russia).
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@markgarcia8253 Europe currently needs an alternative to Russian energy, which they now get from Multiple continents, I would not say Europe was poor, but it is going through a major energy change, and is on course to be powered mostly by renewables in 2035 with a 10-15% reliance on Carbon, had Russia not invaded Ukraine the transition would have been less bumpy, but it would have had some bumps, OPEC and OPEC + are trying to stymy renewables, but their hostile energy market has ensured part of it's own demise. Asia is far more reliant on Arabian oil than any other continent, and may have bigger bumps down the road. Africa and South America have lots of natural resources but even more corruption, North America and Australia / NZ have a lot of reserves and will be well positioned in the near future, but will also have to develop renewables in the long term, Russia will be looking East for its future, and I see a continuing decline, it will never fully regain the profitable market it had in Europe!?!
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Let's have a look at BRICS, Brazil is mired in corruption, Russia is going to drop out of the G20, India is upcoming but painfully bureaucratic, China is saddled with 300% (....and rising) of debt to GDP, and South Africa is also mired in corruption, don't expect a financial "take over" anytime soon, the BRICS are going to the wall (Sorry 😔)!?!
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The CCP are never wrong, everybody else is, that is their World plan!?!
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@davidf2118 Overestimated!?!
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@martinrowland2593 The World population is growing at present, it's just mostly in the wrong places, under the wrong conditions!?!
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@shikyokira3065 The higher COVID deaths and serious medical complications amongst the poor in society is the same the world over, it is higher in the older generation (people over 50) due to the ageing of the immune system, people under 50 without underlying health conditions are unlikely to have serious side effects from catching COVID, but remain a threat to others who are vulnerable as they can still spread it!?!
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@IcarusRepublique So US achieved just under half of Exports with 25% of the population, I.E. twice as productive. U.S. does have its problems, but not big ones with its allies, and whatever problems U.S. has China has more and larger problems. China might fleetingly overtake the U.S. but like Japan, has already over-extended its capabilities, it will go down like a slow puncture. Xi could turn it all around but not retain the same grip on power at the same time. When I hear China did this nobody else has ever done, China does that nobody else has ever done, they are either super human or foolhardy, and taking into account the C.C.P. errors of the past it is the latter I am leaning towards. Also note U.S. does more than Manufacturing!?!
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U.S. of America before shale oil used to buy oil from the Middle East. It is only recently that it has become energy independent again, and this is still a finite resource. U.S. of America has a big Worldwide military, if it just stays in its own backyard, naval gazing, the military will be reduced, "use it or lose it", is a driver of natural selection. American military development has, to a sizeable degree, had it costs offset by the sale of arms to "Strategic" partners, not necessarily only countries they had a deep affinity with, but to stop mutual enemies from cozying up to them because they are rich in natural resources, it only works with countries who have similar or neighbouring threats, their policy in South America proves this, which is, at best, strained as there is no mutual enemy, just distrust between them!?!
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@Alexandrelaurent1 China will step in to what? The Wider West would not use Renminbi (That will be definetly be used to the C.C.P.'s advantage) so they would be left with their neighbours, who they have mostly upset and the pyrrah states, a recipe for total disaster!?!
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It's an Asian problem caused by Asians and the normal culprits are the worst polluters, so it's going to get a lot worse before it's going to get better!?!
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