Andrew Tilton of Goldman Sachs discusses China’s latest GDP data and says investor sentiment has ‘probably past peak bearishness’ in the first quarter.
These Chinese 🤖 make me dislike China more and wish to protect USA at all costs. Good job China 🤖 or is it cia 😂 oh well still think China and Russia stink
I am not chinese , but have no interest of what US main stream media is saying anymore,USA time of of messing with the world is coming to an end sooner or later.
Why? Because, like nearly all Western analysts they project their “Western U.S. Rules Based Order”, business analysis, methodologies onto China.
China’s “planned economy”, and methods for achieving their growth are dramatically different in a number of areas.
He does not know how China’s governance model works.
It’s like comparing apples to oranges. For example, China DOES NOT place much emphasis on their stock market. Its position is NOT indicative of the state of the economy. They don’t bail out poor performers.
This quarter’s gains with a corresponding 9% drop in the real estate sector demonstrates their “managed” transition into “value-oriented” productivity, accelerating and documenting their strength in the 4th Industrial Revolution is working, and working well!
Not noted, is their trade surplus keeps increasing month after month, quarter after quarter irrespective of the worsening global economy. You WILL NOT find this level of expertise capable of doing so in the West. Not even close.
China leads the world in transforming its economy into the 4th Industrial Revolution by many YEARS and it’s NOT POSSIBLE for the West to mathematically catch up unless there is a retooling of their own governance models. Simply stated, capitalism is failing.
Irrespective of the constant negatives you hear, “the sky is falling in China”, just the opposite is happening. Many companies know if they are to survive, they MUST move manufacturing and export operations to China or they will be left aside.
Western leaders are flocking to Beijing asking for China to save their economies; the US, Germany, France, Italy and so on.
The political narratives of the growing China “Yellow Peril” – the enemy when WE made them the enemy – a hot war – will increase over the election year, becoming outright unethical and obscene, but China’s growth and development WILL NOT STOP.
Sadly our leaders are (sorry) intellectually “stunted”, lacking objective, critical thinking skills. The worst leadership since at least WWII.
Don’t criticize China’s economy. Look at yours, it’s a piece of “sh*t”. ;-0
And this is the reason why you look at the comment section first than listening to the crap of some Western experts talking about China when they don’t even understand what they’re saying.
Yes! Imagine the growth potentials of China’s world dominating new green energy and EV sectors! The capacities of these sectors supply chains are able to provide the ex-American global markets with quality cradle to grave goods and services (from energy and power generation to transmission to nationwide charging systems and in-home charging facilities to consumer end product recycling) at reasonable prices. There’s no one anywhere else that can compete.
Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Thomas Easton financial wisdom….
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
Over the years, I’ve been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Thomas insights. It’s akin to finding a diamond in a coal mine.
China has planned economy steadfastness with capitalism flexibility. That is the “Chinese Characteristic.” Looking at quarter to quarter numbers from China has very little meaning. For example, China invested in EV cars for 15 years before it explodes and dominated the EV car market. And China invested in computer chips for over 15 years and now they could produce 7nm computer chips AT SCALE. So tell me how you could spend 15 years talking about China when they have such a long view? There is a popular saying in China, “an insect cannot comprehend the Spring and Winter.” That means, an insect with a focus and life span of only one season, could not comprehend why there is more than one season! Same for all those financial analysists chasing quarter to quarter numbers. Their words have no meaning to Chinese economy when China plans 10, 15, 20 years ahead. Just enjoy China. They are not going to collapse. That is ALL YOU NEED TO KNOW.
China intentionally put a break on their real estate because they had to, before it went out of control. Like their leader said, “houses are for living in, not for speculation”. It might have dampen domestic consumption and slow down the economy for the time being, but it’ll make their economy more resilient in the long run. The Chinese really plan long term unlike many countries in the rest of the world.
Xi is purposely changing his economy to be less dependent on the West. He doesn’t care about his people being wealthy or prosperous. His motto is “Happiness through struggle.” 😅
Why would you come to that conclusion when he is trying to do the best for Chinese citizens when the west can come out with new sanctions tomorrow to hurt China’s economy.
Any attempt to compare the economy of China vis-à-vis that of the U.S. will have to be viewed in context of the fundamental and structural distinction between the two. While China’s comparative advantage lies in its industrial production capacity, that of U.S. is in the hegemony of the dollar.
Comparative advantage is an economy’s ability to produce a particular good or service at a lower opportunity cost than its trading partners. This underlying principle is used to explain why countries, companies or individuals benefit from trade through the exploitation of their respective comparative advantages. The idea behind opportunity cost is that the cost of something or doing something is the lost opportunity to do or consume something else. In other words, the opportunity cost is the value of the next best alternative. Understandably, U.S. chose to print money as the cost of print is a fraction of the cost of manufacturing.
The certitude of dollar as the world’s reserve currency has enabled the U.S. to print unlimited amount money — via issuance of debts — to finance its insatiable appetite for consumption; and to augment the exploit and hegemony of capital. It gave the American businesses a new empowerment to trade as the dollar may be viewed as a “de facto commodity” or a medium to exchange for goods and services produced by other country. Effectively, to the U.S., the cost of capital and labour of other producing countries is no more than the cost of printing of the greenbacks. That is indeed a massive comparative advantage that the U.S. possesses over the rest of the world.
This underlying principle had prompted Washington to believe that a whole new U.S. economy may be created by consumptions driven by government spending and consumer spending, which is theoretically correct as long as the demand for dollar as the primary currency for international trade remains intact.
Consequently, the hegemony of the dollar had triggered U.S.’s shift towards what is to be its post-industrial economy. Underpinned by the belief that the U.S. could be (1) a successful economy just by being consumers; and (2) fund its insatiable consumption by unlimited issuance of debt or deficit spending.
As the U.S. economy shifted from an industrial economy to a consumer economy, the labor force engaged in the primary and secondary industries declined, while those employed in the tertiary industries expanded exponentially.
Unfortunately, that is a double-edge sword. Like all good things that came “cheap”, it becomes addictive and subject to abuse. Washington’s profligacy will come back to roost.
Exactly!! The main issue is that they wasted too much of those US$ they printed into useless and senseless wars!! More and more of its people are living miserably!!
Bank of China have PE of 4 and Div of 8%.
Indian banks have PE of 30 and Div of 1%.
Speculators will buy Indian banks hoping to make 100%.
Investors will buy Chinese banks hoping to make 10%.
It is all because of the decree of Panda Xi. He said properties are for staying in and not for speculation. The government has ordered state banks to continue funding the completion of the properties so that they can be sold cheap to young families. Youngsters are now rejoicing while while investors are fuming.
Great job explaining a complex situation
These Chinese 🤖 make me dislike China more and wish to protect USA at all costs. Good job China 🤖 or is it cia 😂 oh well still think China and Russia stink
Meaning it’s uninvestable
You wish
please don’t, it would confiscate your money at a whim
Yess it’s opportunity to snap cheap , via ETF in US
I am not chinese , but have no interest of what US main stream media is saying anymore,USA time of of messing with the world is coming to an end sooner or later.
THE CHINESE ECONOMY GREW AT 5.3,% Q1 2024 AND WESTERN MEDIA IS SPINNING IT AS NAD NEWS. CRAZY
Mind-blowing content!
Not sure your speakers are totally accurate.
As a Sinologist he’s incorrect.
Why? Because, like nearly all Western analysts they project their “Western U.S. Rules Based Order”, business analysis, methodologies onto China.
China’s “planned economy”, and methods for achieving their growth are dramatically different in a number of areas.
He does not know how China’s governance model works.
It’s like comparing apples to oranges. For example, China DOES NOT place much emphasis on their stock market. Its position is NOT indicative of the state of the economy. They don’t bail out poor performers.
This quarter’s gains with a corresponding 9% drop in the real estate sector demonstrates their “managed” transition into “value-oriented” productivity, accelerating and documenting their strength in the 4th Industrial Revolution is working, and working well!
Not noted, is their trade surplus keeps increasing month after month, quarter after quarter irrespective of the worsening global economy. You WILL NOT find this level of expertise capable of doing so in the West. Not even close.
China leads the world in transforming its economy into the 4th Industrial Revolution by many YEARS and it’s NOT POSSIBLE for the West to mathematically catch up unless there is a retooling of their own governance models. Simply stated, capitalism is failing.
Irrespective of the constant negatives you hear, “the sky is falling in China”, just the opposite is happening. Many companies know if they are to survive, they MUST move manufacturing and export operations to China or they will be left aside.
Western leaders are flocking to Beijing asking for China to save their economies; the US, Germany, France, Italy and so on.
The political narratives of the growing China “Yellow Peril” – the enemy when WE made them the enemy – a hot war – will increase over the election year, becoming outright unethical and obscene, but China’s growth and development WILL NOT STOP.
Sadly our leaders are (sorry) intellectually “stunted”, lacking objective, critical thinking skills. The worst leadership since at least WWII.
Don’t criticize China’s economy. Look at yours, it’s a piece of “sh*t”. ;-0
And this Is the Way…
And this is the reason why you look at the comment section first than listening to the crap of some Western experts talking about China when they don’t even understand what they’re saying.
Yes! Imagine the growth potentials of China’s world dominating new green energy and EV sectors! The capacities of these sectors supply chains are able to provide the ex-American global markets with quality cradle to grave goods and services (from energy and power generation to transmission to nationwide charging systems and in-home charging facilities to consumer end product recycling) at reasonable prices. There’s no one anywhere else that can compete.
Typically America: That is why US is losing big.😂😂😂😂
People of USA has a savings rate of 3.6% and China in excess of 40%, need I say more?
Saving is a bad thing for the biger picture
Surprisingly Chinese government still do nothing to rescue the property sector which is a major contributor to domestic consumption.
Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Thomas Easton financial wisdom….
He is @ThomasEaston in TE L E G R AM…
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
His strategy has been of great support to me. I admire his work
I think you basically just have to research and study what kind of assets you want to Invest in.
Over the years, I’ve been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Thomas insights. It’s akin to finding a diamond in a coal mine.
China has planned economy steadfastness with capitalism flexibility. That is the “Chinese Characteristic.” Looking at quarter to quarter numbers from China has very little meaning. For example, China invested in EV cars for 15 years before it explodes and dominated the EV car market. And China invested in computer chips for over 15 years and now they could produce 7nm computer chips AT SCALE. So tell me how you could spend 15 years talking about China when they have such a long view? There is a popular saying in China, “an insect cannot comprehend the Spring and Winter.” That means, an insect with a focus and life span of only one season, could not comprehend why there is more than one season! Same for all those financial analysists chasing quarter to quarter numbers. Their words have no meaning to Chinese economy when China plans 10, 15, 20 years ahead. Just enjoy China. They are not going to collapse. That is ALL YOU NEED TO KNOW.
Yes, China is not going to collapse, no matter how much some westerners want it to happen.
China intentionally put a break on their real estate because they had to, before it went out of control. Like their leader said, “houses are for living in, not for speculation”. It might have dampen domestic consumption and slow down the economy for the time being, but it’ll make their economy more resilient in the long run. The Chinese really plan long term unlike many countries in the rest of the world.
Xi is purposely changing his economy to be less dependent on the West. He doesn’t care about his people being wealthy or prosperous. His motto is “Happiness through struggle.” 😅
Why would you come to that conclusion when he is trying to do the best for Chinese citizens when the west can come out with new sanctions tomorrow to hurt China’s economy.
Any attempt to compare the economy of China vis-à-vis that of the U.S. will have to be viewed in context of the fundamental and structural distinction between the two. While China’s comparative advantage lies in its industrial production capacity, that of U.S. is in the hegemony of the dollar.
Comparative advantage is an economy’s ability to produce a particular good or service at a lower opportunity cost than its trading partners. This underlying principle is used to explain why countries, companies or individuals benefit from trade through the exploitation of their respective comparative advantages. The idea behind opportunity cost is that the cost of something or doing something is the lost opportunity to do or consume something else. In other words, the opportunity cost is the value of the next best alternative. Understandably, U.S. chose to print money as the cost of print is a fraction of the cost of manufacturing.
The certitude of dollar as the world’s reserve currency has enabled the U.S. to print unlimited amount money — via issuance of debts — to finance its insatiable appetite for consumption; and to augment the exploit and hegemony of capital. It gave the American businesses a new empowerment to trade as the dollar may be viewed as a “de facto commodity” or a medium to exchange for goods and services produced by other country. Effectively, to the U.S., the cost of capital and labour of other producing countries is no more than the cost of printing of the greenbacks. That is indeed a massive comparative advantage that the U.S. possesses over the rest of the world.
This underlying principle had prompted Washington to believe that a whole new U.S. economy may be created by consumptions driven by government spending and consumer spending, which is theoretically correct as long as the demand for dollar as the primary currency for international trade remains intact.
Consequently, the hegemony of the dollar had triggered U.S.’s shift towards what is to be its post-industrial economy. Underpinned by the belief that the U.S. could be (1) a successful economy just by being consumers; and (2) fund its insatiable consumption by unlimited issuance of debt or deficit spending.
As the U.S. economy shifted from an industrial economy to a consumer economy, the labor force engaged in the primary and secondary industries declined, while those employed in the tertiary industries expanded exponentially.
Unfortunately, that is a double-edge sword. Like all good things that came “cheap”, it becomes addictive and subject to abuse. Washington’s profligacy will come back to roost.
Exactly!! The main issue is that they wasted too much of those US$ they printed into useless and senseless wars!! More and more of its people are living miserably!!
United Satans of AmeriKKKa is “investing” more than 20% of its budget into its military!! What a waste!!
LOL
typical loser’s mindset
Bank of China have PE of 4 and Div of 8%.
Indian banks have PE of 30 and Div of 1%.
Speculators will buy Indian banks hoping to make 100%.
Investors will buy Chinese banks hoping to make 10%.
It is all because of the decree of Panda Xi. He said properties are for staying in and not for speculation. The government has ordered state banks to continue funding the completion of the properties so that they can be sold cheap to young families. Youngsters are now rejoicing while while investors are fuming.
Western analysts ALWAYS get China wrong.