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For the past few years, economics have been trying to convince China to rebalance its economy - but to no avail. However, recent comments by CCP officials suggest that Xi does indeed have a plan to fix the economy by redirecting investment away from property towards science. In this video, we're taking a look at what this means, and whether tech investment can really just be as unsustainable as property.
Why the IMF is Worried About China's Economy https://www.youtube.com/watch?v=NAgP-l3k7Ec
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1 - https://jobenomics.com/consumption-based-economy/ 2 - https://www.wsj.com/articles/one-of-chinas-poorest-provinces-faces-imminent-debt-problem-5ca1becf 3 - https://en.wikipedia.org/wiki/Duge_Bridge 4 - https://www.standard.co.uk/news/london/hammersmith-bridge-reopen-cars-fifth-anniversary-closure-london-b1150824.html 5 - https://twitter.com/michaelxpettis/status/1772272088935518517 6 - https://en.wikipedia.org/wiki/The_Great_Stagnation 7 - https://news.12371.cn/2016/05/31/ARTI1464698194635743.shtml 8 - https://www.strategictranslation.org/glossary/new-round-of-techno-scientific-revolution-and-industrial-transformation 9 - https://scholars-stage.org/saving-china-through-science-and-technology/
00:00 - Introduction 01:01 - The Shape of China's Economic Crisis 04:13 - What is Xi's Plan? 07:49 - Sponsored Content