China’s economy is going through significant and fundamental shift, Chengwei Capital chairman says
China’s economy is going through significant and fundamental shift, Chengwei Capital chairman says
Chengwei Capital Chairman Eric Li, speaking at the Ambrosetti Forum, says China’s economy is experiencing short-term pain as it transitions toward a new growth model.
which economy is doing well at the present? America's economy is in soft landing and will lowering its interest rate to deal with its own economic problem. EU economies are in the slump since last year, Japan has no real growth since 30 years ago and the new kid in the blcok, india, has no impact in the world economic grow. it is normal that china economy has its moment up and down, that is the way a normal economy supposed to behave.
US trade deficits can be easily solved, if US allow China to buy goods which US considered security issues and wouldn't sell. Then how? US even sanctions China on semi-conductors purchase that kills US chip companies, the US trade deficits with China further increases. Is US a wise country?
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
China failing across the board. Housing market shot, stock market crashed, unemployment rising, China total debt across central, provincial and local is over $50 trillion. Retirees getting less pensions, Mexico has surpassed China as biggest exporter to USA. USA has recently displaced China as biggest trading partner with Germany. China focused on military expansion wasting chinese taxpayers money.
Dictator Xi has crashed Chinese economy with his self interest.
Why some of these Chinese having slave names before their ancestors names. Be authentic like fellow Indians Koreans Japanese Thais Burmese SEA native people except the enslaved filipinos
BUT HOW? What are the strategies? How much are being invested? in where? How are those actions different from the past? What are the major obstacles? WHERE IS THE PLAN?
China has built up so much capacity but also built up so much debt. Just look at the real estate and miles and miles of railroad to nowhere. And the infrastructure is new today, but will be rusty very soon because China government and business do not spend money on maintenace which is left to the next official. Always new é …ç›® to get promotion. And the 1.4 billion mouths to feed and their health in an aging population in this so called largest economy in the world? This is just economic reality, just as Germany is now the sick man of Europe.
21 Comments
I love this interview. No bashing. Just the real truth.
I’m guessing if any other country had a trade surplus they wouldn’t be in a hurry to remedy the situation.
which economy is doing well at the present? America's economy is in soft landing and will lowering its interest rate to deal with its own economic problem. EU economies are in the slump since last year, Japan has no real growth since 30 years ago and the new kid in the blcok, india, has no impact in the world economic grow. it is normal that china economy has its moment up and down, that is the way a normal economy supposed to behave.
300% tariff on China products
China is living in doom and gloom for ages.
What is the new direction the shift in economy ?
US trade deficits can be easily solved, if US allow China to buy goods which US considered security issues and wouldn't sell. Then how? US even sanctions China on semi-conductors purchase that kills US chip companies, the US trade deficits with China further increases. Is US a wise country?
Shift down the toilet!!!!
Boycott made by China!!!!
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Do not do business with China, they are thieves and they did not follow international law
Chinese Biz culture: Share interest with your partners. Coz No a fool in the biz world.
For 60 years, the Chinese economy has been "crashing" every year:
YEAR, News Paper/Magazine: Actual News Title/Header
====, =================================================
1990, The Economist: China's economy has come to a halt.
1996, The Economist: China's economy will face a hard landing
1998, The Economist: China's economy entering a dangerous period of sluggish growth.
1999, Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000, Chicago Tribune: China currency move nails hard landing risk coffin.
2001, Wilbanks, Smith & Thomas: A hard landing in China.
2002, Westchester University: China Anxiously Seeks a Soft Economic Landing
2003, KWR International: How to find a soft landing if China..
2004, The Economist: The great fall of China?
2005, Nouriel Roubini: The Risk of a Hard Landing in China
2006, International Economy: Can China Achieve a Soft Landing?
2007, TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008, Forbes: Hard Landing In China?
2009, Fortune: China's hard landing. China must find a way to recover.
2010, Nouriel Roubini: Hard landing coming in China.
2011, Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012, American Interest: Dismal Economic News from China: A Hard Landing
2013, Zero Hedge: A Hard Landing In China
2014, CNBC: A hard landing in China.
2015, Forbes: Congratulations, You Got Yourself A Chinese Hard Landing ….
2016, The Economist: Hard landing looms for China
2017, National Interest: Is China's Economy Going To Crash?
2020, Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021, Global Economics: Has China's Downfall Started?
2021. Bloomberg. Chinese economy risks deeper slowdown than markets realize
2022, Cathie Wood: China’s COLLAPSE Is FAR Worse Than You Think
2022, Business Basics: China’s Economic Crisis, GDP is Crashing, Protests Everywhere. China's financial crisis is Here.
2022. Bloomberg China Surprise Data Could Spell R-e-c-e-s-s-i-o-n
2023. Bloomberg. No word should be off-limits to describe China's faltering economy
China failing across the board. Housing market shot, stock market crashed, unemployment rising, China total debt across central, provincial and local is over $50 trillion. Retirees getting less pensions, Mexico has surpassed China as biggest exporter to USA. USA has recently displaced China as biggest trading partner with Germany. China focused on military expansion wasting chinese taxpayers money.
Dictator Xi has crashed Chinese economy with his self interest.
Always a pleasure to listen to Mr LI. Poised and straight forward, always with a smile.👌
Why some of these Chinese having slave names before their ancestors names. Be authentic like fellow Indians Koreans Japanese Thais Burmese SEA native people except the enslaved filipinos
BUT HOW? What are the strategies? How much are being invested? in where? How are those actions different from the past? What are the major obstacles? WHERE IS THE PLAN?
The "challenging period" of China is a Depression, total economic meltdown.
China has built up so much capacity but also built up so much debt. Just look at the real estate and miles and miles of railroad to nowhere. And the infrastructure is new today, but will be rusty very soon because China government and business do not spend money on maintenace which is left to the next official. Always new é …ç›® to get promotion. And the 1.4 billion mouths to feed and their health in an aging population in this so called largest economy in the world? This is just economic reality, just as Germany is now the sick man of Europe.
Li is smart. MSNBC should interview more people like him
Typical of western media of which CNBC is aligned with to cut of opinions and views that are truthful and harmful to their hypocritical narratives.