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For the past few years, economics have been trying to convince China to rebalance its economy – but to no avail. However, recent comments by CCP officials suggest that Xi does indeed have a plan to fix the economy by redirecting investment away from property towards science. In this video, we’re taking a look at what this means, and whether tech investment can really just be as unsustainable as property.
Why the IMF is Worried About China’s Economy
https://www.youtube.com/watch?v=NAgP-l3k7Ec
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1 – https://jobenomics.com/consumption-based-economy/
2 – https://www.wsj.com/articles/one-of-chinas-poorest-provinces-faces-imminent-debt-problem-5ca1becf
3 – https://en.wikipedia.org/wiki/Duge_Bridge
4 – https://www.standard.co.uk/news/london/hammersmith-bridge-reopen-cars-fifth-anniversary-closure-london-b1150824.html
5 – https://twitter.com/michaelxpettis/status/1772272088935518517
6 – https://en.wikipedia.org/wiki/The_Great_Stagnation
7 – https://news.12371.cn/2016/05/31/ARTI1464698194635743.shtml
8 – https://www.strategictranslation.org/glossary/new-round-of-techno-scientific-revolution-and-industrial-transformation
9 – https://scholars-stage.org/saving-china-through-science-and-technology/
00:00 – Introduction
01:01 – The Shape of China’s Economic Crisis
04:13 – What is Xi’s Plan?
07:49 – Sponsored Content