Comments by "Vale Tudo" (@valetudo1569) on "Can China still become the world’s largest economy? | Business Beyond" video.

@Kim It's definitely becoming less attractive for a lot of foreign workers. I do live in China, but I do it for my own personal reasons.. not because it's my best option financially or living standards. Almost half of my foreign friends have left though...
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@williamkinkade2538 I haven't seen any Han prejudice in this thread...knock it off.
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@fooksengloke3625 Lol thats funny because literally every Chinese I know that is financially able to move out of China - has. I can think of 5 people/families that I personally know, off the top of my head.
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@JB-xm8qi Actually I'm learning Chinese, but very funny
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@jackyan8925 I bet you China's big growth days are behind it. I doubt it will actually see 6% again, and if it does - almost certainly fueled by debt. It's easy to say "we are switching our economic growth mode" but it's extremely hard to do, and there is very little evidence of it so far. Chinese consumption is very low because the government keeps a lot of the wealth from the GDP gains, instead of giving back to the citizens...hence the low average wage in China relative to the GDP gains of the last 30 years
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@jackyan8925 Hmm so I would see it the other way. China has the opportunity to sell to the world because of the global order created by the EU and US, that has allowed globalization to occur. In addition, China has has greatly benefitted from the EU and US opening their economies to China, even when China has not done the same. It is China that has been the beneficiary, and yet it bites the hands that fed it. There are alternatives to China (Vietnam, India, Bangladesh, Thailand, etc) but there are not alternatives to the demand from the EU and the US. So who is gifted here....? It is not the customer, who is gifted by the seller... but it is the seller, who is gifted by the customer who chooses to buy from them...even though they have increasingly more options to choose from.
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@jackyan8925 By the way, I don't think China should "Lie down". I think China should work as hard as it can to make the lives better for it's people. I love the Chinese people and want the best for them... I think humans are humans, and I want the best for the human race. I hope the Chinese people continue to rise up and their quality of life improves
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I think you are absolutely right and said it perfectly.
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@samanthaw4955 This happens all of the time when Republicans control the house. US will be fine... I'd be much more worried about China's structural issues, massive debt to GDP (actual % is more than double the US) and population decline.
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@hejay1245 Don't speak too soon。 China is still the largest emitter of carbon and very polluted in most areas. Until they can actually deploy this green tech you speak of and apply it - it's all just hearsay.
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@fooksengloke3625 Okay you typed wayyy too much. Make it shorter, or people won't waste their time reading from a random person on youtube. Infrastructure is not always an asset... when the return on the infrastructure is less than the money (debt - in China's case) used to build it - then it's a liability. China is using debt to fund infrastructure that costs more money than it will ever make. It worked great in 2008 but it has outlived it's usefulness about 15 years ago... but they don't have any other way to achieve "growth"
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@sandponics Nope talking about China. 你可以读吗？
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Don't think even tourist can help this giant debt burden. In addition, China (government) is extremely controlling about foreigners coming in and what they see, so no way would they let them stay in empty Chinese peoples homes. Lastly - China would be the last country other than North Korea to allow immigration. The government is quite xenophobic
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@fooksengloke3625 There will be no boom. There are literally way more homes than people need in China. The breakneck growth is a thing of the past and the housing bubble is deflating
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@fooksengloke3625 Only economy struggling is China's. Lol they went back because they are tired of the CCP nonsense that has dominated daily life in China
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serria john Hmm what? Foreigners can't work in factories or "baseline jobs". We are only here to do jobs that there are not enough Chinese people that can do it. Thats why we have foreign expert certificates. Salaries are good but I'd say cost of living in the big cities has gone up quite a bit. Not like the old days for sure, but sure better than places like LA and NY
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serria john hmm the sanctions on the tech sector are extremely targeted. I haven't seen anybody that has attributed that to an overall slow-down. There are no real financial sanction either... it's mostly tech focused on semiconductors. The slowdown right now is largely due to zero covid policy that we had for so long
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Hmm I would disagree about life being more relaxed, that's more of your opinion than a fact. I live in a big city in China and it's pretty hectic..and especially for a foreigner - it can be pretty stressful.
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I'm a little confused by this comment and your other one about iphones. I'm not saying baseline jobs aren't tough or boring, I'm sayin foreigners don't have the option to work in these jobs even if they wanted to. The jobs that foreigners are allowed to have are very restricted in China and can't be something like working in a factory and assembling iphones
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The ones who "left" were going to get kicked out for being tied to the State. No company with their right mind would choose to leave the largest capital market in the world for a smaller one if they had the option not to. Anyways I'm not disagreeing with the other things you said, but why are you telling me this? I never refuted any of that
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@jackyan8925 Enough of the common and over-used excuse of "Foreigners don't understand China.". Maybe we just disagree with you. 1. I don't think that will happen, even with all of the technology theft. 2. No evidence of this, quite the contrary given the shrinking workforce and increase in elderly dependents.. and besides that - China's domestic consumption has always lagged as an economic driver. 3. Easier said than done.... you are speaking like you can see the future, but is merely hope.
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@jackyan8925 I'm not bullish on the longterm prospects of the Chinese economy. I think their best days are behind them and a lot of their growth was fueled by debt... with a debt to GDP ratio more than double the US... that + being at a much lower development level + declining population = bad things in the next decade and beyond
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@jackyan8925 Well seems you have it all figured out then right? All you have to do is sit back and watch China become #1. I don't see it the same way you do, but that's fine with me. Let the best man win
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@jackyan8925 So one way to not win a discussion or have people see things your way - is to say "You foreigners". It comes off pretty racist...just like if somebody said "You Chinese". It's just not a good idea if you're trying to get your point across... Anyways, It's a fact that China has problems with stealing IP. It's not just the US, but in with any country that has something valuable. Huawei hasn't invented anything and built all of it's technology off of pre-existing technology.
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@jackyan8925 Hmm I'm a bit confused. You do know that China's population is shrinking now, right? Just making sure... China's (and when I say China I mean the CCP, not the people) development has been and continues to be a huge detriment to the environment. I don't 100% fault them though as any country would do what it needs to do to industrialize, though I do think they care less about the environment and wild life than they should. About technology - I just think that 1. China's system doesn't encourage the creativity, thinking outside of the box, and openness to the criticism and new ideas - all which are crucial for innovation. I also think the CCP is impatient and wants technology now... rather than fostering the type of society and environment that cultivates innovation. Thats why I think China will never escape the middle income trap and grow through innovation and consumption... because they don't allow the recipe for that. My opinion
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@onealmorgen2987 You sure type a lot like that other guy that was replying to me. I agree with you that it's a transaction, I was merely responding to the other guy (or is it actually you?) that made it seem like the west should be grateful that China sells us cheap things... it's absurd. It's a fair transaction, not a gift
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@jackyan8925 So it's a fact that China steals technology, and not just from the US. How do I know? Because multiple countries say the same thing. Even countries who want to be friendly with China say that China has stolen their technology. So how about this - when China stops trying to take shortcuts to being #1 and actually does the hard work and time to innovate and invent their own technology - then I will stop. Until then? I will tell the truth and say things that hurt your nationalistic feeelings. Sorry (but not really sorry). Please respond, so I can hurt your feelings more
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@jackyan8925 You know how I know this is not true? Because there is nothing to steal
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@jackyan8925 You're so China-minded you don't know how ridiculous you are. So, everybody on earth does not think/know China is "overtaking US" (I don't care if they 'think‘ they do, but this is factually not true.), and I don't care about Tesla. This is the difference cultures - you think because Tesla is "US company" that US people care about Tesla....because Chinese people care about byd and other Chinese companies... It's not the same. In US, a company is by itself...meaning, If they do good - they do good on their own. Nobody "cares" about them. The attitude is - You make your own future based on your qualities, and not on your country or your connections. I lived in both US and China, so I understand the difference, that you clearly, do not. US people are not as nationalistic.
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@jackyan8925 Ok sure: Chinese hackers have stolen information on the Patriot missile system, the F-35 Joint Strike Fighter, and the U.S. Navy's new Littoral combat ship. These blueprints of U.S. weapon and control systems were stolen to advance the development of Chinese weaponry. Then there is: Xiaoqing Zheng, 59, of Niskayuna, New York, was convicted of conspiracy to commit economic espionage following a four-week jury trial that ended in March last year, according to US Justice Department. These are a few of very many, and only towards the US. Do you want me to show more? And against other countries besides the US? Please do... because I have plenty....
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@jackyan8925 "If ifs and buts were candy and nuts, we'd all have a merry Christmas." ---- I'm not worried about China surpassing the US in technology.....
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@jackyan8925 Lol Wow, so the US - which has deep relationships in Europe and many other countries - is worried about China's relationships in Russia and Iran? Lmao.... when you think about the entire world - Iran & Russia are tiny. It would be smarter to align yourself with the bigger, richer, and more influential economies. China made a mistake in picking their "friends"...
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@fooksengloke3625 1. Chinese government statistics aren't worth the paper they're printed on. However what anecdotal evidence are you referring to? I have said a lot in this thread so I'm not sure which thing your talking about. I'll try to give some clarity though 2. Due to my line of work, I actually know quite a few rich Chinese families personally, in China. The father of one is even a CCP member and the father of another works for Douyin (not joking). Btw I live in China, thats how this is possible.
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@jackyan8925 I wasn't even talking about the J-20? And I don't know what Chinese website you got that info off of but it's factual not true.. F35 came out years before the J20. Even Russia has claimed that China stole aircraft technology from them (see the T-10K-3). China's society doesn't cultivate creativity and innovation. The government also doesn't punish IP theft and even rewards it.. plus a "win by any means necessary" attitude. This is why China is known for copying and not innovating... there hasn't been major innovation in China since the invention of paper
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@jackyan8925 Wait, so why are we talking about jets again? I never said anything about jets to get you to start talking. Look, it's a fact that even Russia has complained about China stealing it's military tech for aircraft. Period
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@jackyan8925 Yeah it competes with the F35 because it's made with it's stolen technology
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@jackyan8925 Lol more like they're waiting for the US to develop the 6th generation so they can steal it
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@sandponics Lol nonsense. Don't get your feelings hurt because somebody said something you don't like about China. Grow some balls
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@INTJ791 haha nope. You'd be shocked to know I have a Chinese phone
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