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Belle of the Ranch

Let's talk about China's economy and talking points to come....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 30 January 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Let's talk about China's economy and talking points to come....

Transcript

Click on a timestamp to play from that location

0:00.0

If just thinking about your bills makes you feel confused and disorientated,

0:05.0

like your head is full of Raspberry,

0:08.0

then you need Monzo.

0:10.0

Download your new favorite bank and pay bills from custom pots.

0:15.0

Money never felt like Monzo.

0:18.0

UK Residents Tease and C Supply.

0:21.0

Well, howdy there internet people, L bow again so today we are going to talk

0:25.5

about China the Chinese economy what it means for the United States and the

0:32.0

messaging that is certain to come out. So we're just going to try to get out in front of that.

0:37.0

Because it's probably not going to be accurate.

0:41.0

Okay, so we have talked over the last year or so about how the

0:48.1

Chinese economy is stumbling. It hasn't crashed anything like that, but it's not doing well.

0:56.6

Certainly not doing well in the way we normally think about China's economy.

1:04.0

Okay, so to put it into perspective real quick, let's do it this way.

1:09.0

Since 2021, so almost three years. Their stock market has lost about six trillion

1:20.4

dollars in value.

1:31.0

Their benchmark, CSI, is down about a quarter over the last year.

1:36.8

Their real estate, there's a giant real estate company there that is basically being liquidated. Okay, all of this is bad. The economy is not doing well. The stock market recently, they kind of introduced a thing that made it look like you couldn't short sell.

1:50.0

They introduced controls to try to make sure that it didn't get even worse.

1:57.0

Now, on a wider view of it.

2:03.0

You know, one of the things that we talk about is a good indicator of overall, like economic health, is a country's GDP.

2:12.0

Last year, was a 5-2, 5-3, something in there. Okay? It's not bad. I mean, that's not something, it's not in recession or anything like that.

...

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