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[Music] welome to Crossroads the Chinese economy does seem like it’s on the brink of collapse and now we’ve been talking about this for a while I want to show you the actual data and dig into it now look before the covid pandemic the ccp’s economy had already reached a down turn that it didn’t seem to be able to pull out of and it was beginning to cause you know civil unrest even across the country tariffs and trade Wars between the United States and China that started under the Trump Administration they’re still continuing under the Biden Administration the ccp’s real estate industry is going Bottom up its high-tech industry is being crippled by restrictions on semiconductors and actually other policies as well and with growing Global tensions Russia and Iran and other countries CCB has become intertwined with and additional tariffs on the table and businesses now looking to so-called drisk by pulling out of China well you take all of this and it seems the Chinese economy May finally be nearing its collapse but look is this really the case are their efforts to avert economic disaster are they working well let’s have a look at the actual details on this now President Joe Biden recently gave an interview to Time Magazine and the topic of the CCP economy was brought up here’s what Biden had to say he was said this he said you know you’re talking everybody talks about how how strong China is and how powerful they are name me would you trade places with Xi Jinping or any other in any other country not a joke I’m being deadly Earnest a rhetorical question but would you you’ve got a population that’s considerably older than the vast majority of the youth in Europe that is too old to work and they are xenophobic where is it coming from where is it going going to grow you’ve got an economy that’s on the brink there and that’s important because Biden says the ccp’s economy is on the brink and he continued by adding the idea that the economy is booming give me a break now look Biden went on to note the ccp’s military buildup and the extremely large amount of money that the Chinese Communist party has been pouring into building up its military and this is despite the fact they’re facing real serious problems economically elsewhere and then he noted as well one of the ccp’s attempted saving Graces is to save its failing economy the belt and Road initiative where the CCP is trying to do Mega projects and infrastructure projects outside of China Biden referred to that is a nuisance graveyard initiative and he questioned where is it breaking through now look of course if you just go by the ccp’s economic data you’ll see they repeatedly cite 5% growth they they tend to always say about 5% growth I’ll be talking more about that though in the realities of the Chinese economy after a quick break experts agree one of the best ways to protect against Financial uncertainty is to diversify your portfolio learn how physical gold and silver can secure your retirement 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leaving the country as a form of so-called drisking but look is the problem really as bad as it seems on the surface well of course if you just go by the ccp’s economic data the surface picture you’ll see they repeatedly cite 5% growth look deeper into that and you realize that the CCP well they always tend to say that its economy is growing and that’s regardless of what the facts actually suggest elsewhere this issue was raised in an opinion piece from Gordon Chang in Newsweek where he also noted that the growing problems could even lead to military threats here’s what he had to say he noted Joe Biden’s interview Time Magazine he said President Biden said in his May 28 Time interview that China’s quote got an economy that’s on the brink and Gordon Chen says he’s right and we should care because Xi Jinping may try to solve his economic problems by starting another War he says that at first glance Biden’s gloomy assessment looks wrong right the official National Bureau of Statistics reported that China’s gross domestic product beat Expectations by a wide margin growing 5% in the first quarter of this year compared to the same period last year right in other words if you go by the surface economic data and what they’re saying on the books they claim it’s growing but the problem is the CCP again always does that and even goes after people if they say otherwise so what does the real data show well as Gordon Cheng says quote that’s a slight Improvement of the robust 5% growth for all of last year but neither of these reports make sense he said that as an Stevenson young of J Capital research told me this week quote I feel the numbers just don’t mean anything anymore and he added there is now a large gap between reported results and what we can observe he says the widely followed rodium group believes the economy in the China of course grew about 1.5% last year he said that’s in the ballpark of the now close to 2% a year that Biden reportedly told a group of Democratic party donors in Park City Utah last August he notes that growth has almost certainly declined since then in China and he said quote China’s economy is in a slow grind downwards and he cites that to Andrew Collier of Hong Kong based Orient Capital research and he added as well that startups are closing no one can find a job millions of people are paying mortgages on apartments that haven’t been built city services are closing down it’s a grim situation for Chinese people and he cited that to Stevenson young who also added that quote the sad thing about China is that the economic model has reached the end of its useful life and there is nothing to do but change the model or incur great suffering and that’s important because remember for the Chinese Communist party just changing the model right changing the economic model that’s not really on the table the ccp’s economy is based on communism this is the fundamental ideology of the CCP the Chinese Communist party if they were to change the model that would mean changing the party itself that’s something they’re not going to do because that would mean the death of the Chinese Communist party and so it’s attempts at a solution they have not been to change the economic model instead of changing the model that’s causing the problems they’re doubling down on the Chinese Communist Party model that is already not working they’re subsidizing things they’re going at things by hook and by crook they’re trying to rip off their trade partners with trade deals that benefit them and not their their trade partners and it’s backfiring because other countries are starting to realize it and even the Chinese people themselves understand that it’s not working and so they’re getting their money out of China they themselves are quote unquote drisking and there’s also the fact that CCP is finding itself in a trade war with the United States and that trade War now is not even just limited to the US in fact it’s expanding to other countries as other countries even ones that are normally very favorable to the CCP are beginning to realize they’re getting the short end of the stick Newsweek noted that turkey announced a tariff on Chinese vehicle exports on Saturday joining a growing number of developing nations seeking to Shield local industries from perceived Chinese overcapacity in other words the CCP has too much product they’re trying to get rid of it they’re trying to sell it off now on the surface when you see the CCP trying to sell off Goods because again they have an over capacity people say oh the CCP is racking up exports they’re increasing their exports isn’t that a sign of economic success well let’s put it this way if you’re trying to get rid of your stock if you’re trying to get rid of the items on your shelf does that always mean you’re doing well if a business has a fire sale a going out of business business sale everything must go do you take that as them selling more Goods or do you take it as a sign of failure again that’s the problem the CCP is having as this article States they’re trying to Shield local industries from perceived Chinese overc capacity it’s a fire sale they not the 40% tariff on again electric vehicles would Target traditional and hybrid vehicles from China to increase the protected and protect the decreased ing share of domestic production in other words again they’re trying to get rid of their stock that’s according to again the Turkish trade Ministry it goes further it says further in the moves come amid heightened trade tensions between the world’s second largest economy and the United States second largest economy they’re referring of course to the CCP even though the CCP on the books is deemed a developing country uh between them of course the US and even the European Union which have both accused Beijing of flooding markets with its heavily subsidized products to alleviate tepid domestic demand in other words they can’t sell it in China and because they have all these Goods you know hypothetically sitting on their shelves in China nobody wants to buy them what do they doing while they’re subsidizing it the CCP itself is using the Communist party system to again try to bail up the industries using you know fake economic numbers and just printing money and so on they’re using that subsidizing it and trying to sell it elsewhere now for the CCP this is often the way they do foreign business uh for example the CCP might Target a certain industry they will Mass develop a product subsidize it through the Chinese Communist party and because they don’t need to technically make a profit abroad they use it as a way to do takeovers basically and so for example hypothetically speaking with electric vehicles the CCP Subs izes the market uh they can sell the vehicles below the cost of their competitors what happens then is that their competitors can’t compete because again they don’t the CCP doesn’t need to make a profit it’s subsidized by the party itself what happens then is that these ccp’s products are able to put their competitors out of business or at the very least significantly damage the market for their competitors and then once they reach that state they again achieve Market do dominence and they can even put their competitors out of business and at that point then they can raise the prices the problem for the CCP though is that other countries is starting to realize the game uh the US Europe as this Newsweek article notes are beginning to realize this is what the CCP is doing uh Joe Biden himself is actually calling out the CCP for this as are many other leaders around the world now back to this article it says that China denies it as an overcapacity problem and says detractors trying to curb China’s legitimate development right as they say right further in though it notes that interestingly Chinese trade Partners countries normally fa favorable to the CCP in the global South right South America and elsewhere have joined the chorus of complaints about China’s exports and moved to Shield local Industries because again they’re starting to realize the game the CCP is playing with the economy they trying to Shield local Industries and what does it mean if the CCP is trying to export goods what danger does that pose to local Industries again it’s because of the game the CCP plays when it does this it has massive exports it subsidizes those exports because of that they can undercut the prices and put local companies out of business governments are realizing that’s what the CCP is doing trying to gain Market dominance through subsidized products and even in countries normally again favorable to the CCP as this article notes the local governments are trying to quote Shield local Industries they’re trying to protect their local businesses from these hostile moves from the CCP and they say that responding to a surge of Chinese steel for example Brazil Mexico and Chile have announced higher tariffs on the alloy in recent weeks amid fear that lowcost Imports could cost jobs again because they’re trying to protect their local jobs and their local industry further in it states that the European commission the European Union’s executive branch is expected to announce tariffs on Chinese electric vehicles this week after a monthlong investigation so they’re pushing back and by the way the same thing is happening with the US pushing back against Chinese electric vehicles they not as well that in Guatemala trade tensions with China have taken off on an additional GE geopolitical element they note that last month Guatemalan media reported that China Guatemala’s second largest trade partner had blocked imports from the Latin American country including sugar coffee and macadamia nuts now like of course those products also have all deeper meanings all these things in fact the push into electric vehicles in that whole Market that was part of a Hail Mary strategy from the Chinese Communist Party this goes back to one of the ccp’s key slogans if you understand the way the CCP promotes these things they’re saying with that was quote surpass you at the turning point and the theory the CCP had economically with that is that it’s very hard to compete in existing markets so they look at next Generation Technologies this is why they’re looking into artificial intelligence why they’re looking into Medical Products why they’re looking into electric vehicles and so solar panels and wind turbines because for them that’s the Next Generation and if they can gain a monopoly on that market and begin at the very root of it undercutting competitors gaining again monopolies over minerals and goods needed to construct these things then they can control a future Market even on the point by the way of green energy Biden even though his policies are heavily pushing again for that he’s actually pushing back against the CCP and the Chinese Communist party’s attempts to gain control of that market because again other countries outside of China they’re understanding the game the Chinese Communist party is playing and the way they try to again create Global monopolies now again on the point of surpassing you with the Turning Point the CCP has many many different programs for this previously they had a program called project 863 and that was one of the main programs that was decided as guiding the Chinese Communist party’s programs for economic theft the military Cyber attack stealing Western technology uh and the base route of project 863 was that the Chinese Communist party was aiming again for these next Generation Technologies because they wanted to control the Next Generation Industries the CCP has been trying to gain access to the high-tech industry they want to get out of cheap Manufacturing and also on the issue of the food and the ccp’s trade policies for example in Guatemala because again they’re talking about sugar and coffee and macadamia nuts the Chinese Communist party has also been trying to become independent on its own food supply but that initiative is also struggling because well the CCP is running out of arable land the water is deeply polluted and their ability to be self-sufficient on food is being hampered by the fact that a lot of their farming policy and otherwise have significantly damaged the environment in China it’s very hard for them to grow food they tried getting out of that by moving to meat for example uh for example pork and chicken and otherwise but then they had swine flu and Aven flu and other problems where the animals began getting infected because people believe it may be because of pollution uh water pollution ground pollution and maybe bad feed for the animals we don’t really know the cause of it now there does seem to be a concerted effort on the ccp’s end to cover up the facts on the true state of the Chinese economy because remember on the books they’re saying 5% growth and almost across the board whether it’s countries in Latin America whether it’s countries in Europe whether it’s the United States whether it’s other other countries they’re not believing the CCP anymore they’re saying the ccp’s economy is actually failing despite the the fact that on the books the CCP is claiming otherwise so what’s really going on with the ccp’s economy well again there is a program they have to cover it up I’ll be talking about exactly what they’re trying to cover up how they’re doing it and the censorship systems involved with this in the rest of this episode which you can watch by clicking on the link in the description and joining us at Epic tv.com and if you want to find out more about the Chinese Communist party’s 100-year plot to defeat America we have released a full investigative documentary uncovering their attempts to infiltrate and subvert the United States the documentary is called the final war and it goes into one of the biggest issues that America is facing you can watch the final war exclusively on epct tv.com let me show you a trailer before we continue the rest of the episode again exclusively on epct tv.com the greatest threat facing the United States is the CCP the The Epic Times investigation team had studied the CCP for years but what we uncovered was yielding evidence beyond our imagination with chairman M with the Prime Minister our talks have been characterized by frankness the Clinton Administration said oh don’t worry about it this will be a poison pill for China China’s strategic goal is to make sure that the US has four enemies and one of them must be a terrorist group we are giving a our life’s blood so that the Chinese Communist Party can survive and thrive
Video Title: Is China’s Economy Actually Collapsing?
Video Tags: Chinese economy,trade wars,falling,real estate industry,“de-risking”,global security,competition,the United States,Crossroads,joshua philipp epoch times,crossroads,news,crossroads with joshua philipp,epoch times,documentary,the epoch times,live joshua philipp,Live Q&A joshua philipp,epochtv news,epoch, #Chinas #Economy #Collapsing
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Video Date: 2024-06-12 08:30:06
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