What China's Slowdown Means for Us All

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"It's bad for the global economy." Translation: Multinational corporations that have been profiting off of the misery of average people are finding harder to make more money.

When they stop publishing unemployment data you know the stuff has hit the fan.

"I though only those who make mistake will get fired" Yep, worker loyalty are nothing, golden rule for everywhere.

You can't have unlimited growth forever. It needs to be organic and sustainable.

China's growth slowdown from high growth to normal growth was predictable and inevitable. In some ways is much healthier and better for the entire world.

Sometimes, a slowdown is not meant to be a negative thing. Globally, overproduction is always an issue, and readjusting the whole supply chain pace may not be a bad thing.

I used to travel to many Chinese factories. They would not let me enter an area where they were making products for a designer Italian company. I did not think anything of it until I stumbled on the packaging for the items. ALL packages said "Made in Italy". The factory representative saw me notice that and said that is supposed to be secret. The Italian companies' markup was huge...

Hang in there Stephanie. I am glad you found a job to get you through this rough patch.

Stephanie has to play her own poignant music at the end; times really are tough.

I really hope the best to those common millennial and gen z kids. They deserve a better future like everyone else

I’ve seen these kinds of videos over and over again every year since 2018…

Thank you Bloomberg. I particularly appreciate that the original audio was not overridden by an “interpreter” which most people find annoying. Captions are way better. Thanks.

I prefer an economy without focusing too much on the property and stock market.

Great piece! Wish it was longer and more in depth however.

Ordinary people bear the brunt.

Sadly they are starting to experience how most Westerners felt when their jobs were being offshored to China back then.

The words "Loss of consumer confidence" are the same words that hammered America 2006-2008 and beyond. In those days I drove up and down the consumer commercial strips (restaurants, home improvement stores, beauty shops etc) and the parking lots were near empty. All in a city that had not lost more than a handful of jobs from the primary cause of the downturn. Based on past consumer behavior, the Chinese Problem could easily roll its way into other industrial nations. Lack of confidence becomes the problem. Thank you for your reporting.

"I thought only those who make mistake will get fired". I hate this mentality because if you think about it it's implying if someone doesn't have a job or is in a bad situation then it's their fault. I'm all for personal responsability, it's important of course, but the hard truth is that life has many factors at play at any given moment, cogs and wheels that you don't even notice. Sometimes these "invisble" things play in your favor and sometimes they don't. Let's not be so quick to judge others, life is much more complex than it seems.

I’m not sure if this is like lost decades of Japan back to 90s