China’s Looming Crises | CNBC Marathon
1,374,683
Published 2024-04-28
China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world's second-most populous country also has a major youth unemployment problem. China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.
China remains home to 1.4 billion people. But that number is getting smaller. The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. The last time China saw negative population growth was in the 1960s. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline.
China's real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China's real estate crisis as a big reason why.
Chapters:
00:00 Introduction
00:48 Why Youth Unemployment Is Surging In China (Published September 2023)
12:32 What China's Shrinking Population Means For The Global Economy (Published March 2023)
21:21 Will China's Real Estate Crisis Hit The Global Economy? (Published October 2023)
Produced by: Christian Nunley, Anuz Thapa
Narration by: Jordan Smith
Additional Editing by: Kevin Heinz, Brad Howard, Jack Hillyer
Graphics by: Christina Locopo, Jason Reginato
Production Support: Kate Sammer
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
Additional Sources: Getty Images, Reuters
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China’s Looming Crises | CNBC Marathon
All Comments (21)
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hi CNBC, name a era that China is not in a crisis.
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The world, not just China needs to rethink the notion of growth.
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As a Chinese person, I love this channel so much. Not only can I practice English, but the comments and the content of the program itself are the funniest. -0-
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I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
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Having kids solely to support an economic system that has never been able to provide jobs for everyone is absurd. 😳
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When times start getting hard in the USA, they start incessantly telling you how bad they have it elsewhere.
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Why are we worried about the collapse of China's economy. Should we worry more about our $35T debt crisis, homelessness, aging infrastructures, out-of-control crimes, extreme climate changes, border crisis, unaffordability of healthcare and housing, social security insolvency, student debt crisis, gun violence, and many more?
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I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.
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"China is going to collapse", I've keep hearing this from hundreds of US experts in the past 30yrs, but nothing Happened. But if China is this fragile, there's nothing for Western world to worry about China's competition.
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watching this in Canada unemployed...
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Ah yes, the ad I got going into this video is sponsored by AIPAC.
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Why does the media keep reporting on the impending and imminent "doom" and "gloom" of China, but we still have LA's Skid Row, Philly's Kensington, and Portland's homeless encampment cities... CITIES of homeless people and veterans, unsustainable and overpriced housing, and aging workforce here on our shores? It's so weird.
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This Is Not My Comment But It Fits Well With This Reporting😂 America: On Mondays, Wednesdays, and Fridays, it's the China-collapse theory; on Tuesdays, Thursdays, and Saturdays, it's the China-threat theory. Sundays are for rest and relaxation.
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Then why the US has to complain about China of overcapacity
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Great episode
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Evelyn Cheng is a wonderful presenter. Easy to understand, and makes clear and concise points.
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CNBC 1995: "China's looming crisis" CNBC 2024: "China's looming crisis"
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Well, if they're in so much trouble, then why are you so worried. It seemed to me American senior officials would not have their day past without whining and screaming about China.
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谢谢大家如此关心中国，如果能为此提供一些帮助，那将不胜感激❤
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If China economy is collapsing, then why is the US going to China to tell them that their EV and solar panels production are overcapacity 😂😂😂😂
