How Xi Jinping’s authoritarianism is killing China’s economy | Business Beyond

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Published 2024-03-15
China’s economy has been flashing red on various fronts for the past few years. A severe property crisis and the struggle to emerge from strict pandemic restrictions are routinely blamed for problems ranging from deflation to sluggish growth. But in this episode of Business Beyond, we ask if there are more fundamental reasons behind the world’s second biggest economy’s malaise. Under Xi Jinping, the Chinese Communist Party has become more controlling than at any stage in the past four decades. Does authoritarianism place a cap on economic growth? In this episode we ask if Xi's desire for control at all costs is the main reason why so many people, both within China and outside of it, have lost faith in a global economic powerhouse’s capacity to bounce back.

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CHAPTERS

Introduction - 00.00
Double whammy: a pandemic and a property crisis - 01.42
The confidence deficit - 04.25
Is Xi the problem? - 7.37
War of distraction? - 13.31
Demographic disaster - 15.50
A tech dragon? - 17.25
Conclusion - 19.55
Credits: 22.35
Ends: 22.51

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#china #industrial #ccp

All Comments (21)
  • @helenrushful
    Just the idea that you can force companies to sign agreements that hand over all their customer data to the the government on one hand and then be surprised when the rest of the world stops buying and investing in those companies. It’s juvenile
  • If you're a despotic Emperor, the last thing you want is a free, politically empowered population; you want obedient, loyal minions who worship you. Mao wasn't the least bit bothered by the starving millions around him.
  • @mateobravo9212
    Liked this format. Just the right amount of concise and analyst insight with minimal drama. Greetings from Spain.
  • @thom8728
    Announcing you intend to invade Taiwan is not helpful. It smacks of instability and has Russia like consequences for the economy. Who would invest in that market under those circumstances??
  • @hapah4894
    Many Chinese people were buying and flipping real estate properties, but that sector has cratered, leaving many people holding the bags.
  • There's nothing strange about this. The CCP is most concerned about its regime security. If it feels that his regime is unsafe, let alone economic development, it will not hesitate to sacrifice half of the country's people!
  • @deehazsnow3178
    Taking out Jack Ma sent a very very very bad economic signal
  • Those demographic numbers are way, way out! They will lose 300 million by 2050 and 6-700 million by 2100. Those are Shanghai and Beijing University numbers. The 2050 population is expected to be 1 billion people. The over all population drop isn't even the story, it's the far worse (if that was possible) working age population. They are extinct in any meaningful sense. There will few people to consume and be educated enough to do so, and that assumes everything goes right! Also needs to be mentioned absolutely nobody believes the population numbers. If you look at ALL the evidence, the best guess is 1.3 billion in 2024, some say 1.280bn. There are 100m people that don't exist that were in the numbers faked by provinces for reasons of funding.
  • @user-dh3ji1ic8k
    Meanwhile let's talk about how Scholtz's democracy is bringing prosperity to Germany's economy, and how Biden's freedom is improving American's living standards.
  • @cathe3633
    Don't see the survey but can say the coverage was well put together, easy to understand, and more importantly, hugely informative and relevant to global concerns for all.
  • @naguoning
    "without underpaying their workers" ummm do you understand why consumption is so low??
  • @PhillCurtis
    More videos with this format but on a range of topics 👍 hello 👋 from the UK
  • @jimtalbott9535
    It’s fun to watch the comments of “What about the GEERRRRMAAAAN economy??” Yes, this is German YT channel, but this is their English version - kinda makes sense they’ll have a foreign focus.
  • @ArabicReja973
    Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. Still, China keeps reporting outrageous GDP numbers. Lol Where does the growth come from?