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Morning Wire

China’s Coming Collapse | 8.21.22

Morning Wire

The Daily Wire

News, Daily News

4.926.4K Ratings

🗓️ 21 August 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

China has experienced a meteoric rise over the past half-century, with many projecting it will overtake the United States as the most influential global power in the coming decades. But one expert has an entirely different opinion and believes China's foundations are crumbling, and what’s more likely is the communist nation's collapse.  Get the facts first on Morning Wire. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

China has experienced a meteoric rise over the past half-century with many projecting it

0:07.8

will overtake the United States as the most influential global power in the coming decades.

0:13.1

But some experts say its foundations are crumbling, and a China collapse is more likely.

0:18.4

Thanks for waking up with us.

0:19.9

It's Sunday, August 21st, and this is your Sunday edition of Morning Wire.

0:27.6

Hey everyone, producer Colton here.

0:31.4

Back to school season is upon us, and while many kids are excited to get back into the classroom,

0:36.2

many may not be able to access and afford nutritious meals to fuel their growing minds.

0:41.3

Good ranchers will donate a nutritious meal to a child in need for every box ordered through

0:45.4

August 31st.

0:47.0

Help them donate 100,000 meals and get $30 off plus free shipping at GoodRanchers.com

0:52.9

SlashWire.

0:56.7

For this episode of Morning Wire, we speak to columnist and author of the coming collapse

1:01.2

of China, Gordon Chang, about China's growing challenges and how a Chinese collapse could

1:07.2

affect global markets.

1:09.2

Gordon, thanks so much for coming on.

1:11.3

Thank you so much, Georgia.

1:12.7

Now, there's a lot of evidence showing that the Chinese economy may be contracting, but

1:18.2

you've actually said that it's in free fall.

1:21.0

What makes you say that?

1:22.4

The property sector is the heart of the Chinese economy.

1:25.4

To count for somewhere between 25 to 30 percent of gross domestic product, we know that the

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