China Will Take Everyone Down With Them

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China's economy is slowly crumbling under its own weight, and this could spell bad news for the rest of the world. In this video I take you through how China got here, going over their shady history with loans, banking and real estate that will cause ripples across the global financial sector.

0:00 Intro
1:15 The Great Migration
2:11 GDP Increase
4:57 Real Estate & The Rise of Evergrande
6:25 Bubble Forming
9:54 Bubble Pops

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.

Sources:
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2021&locations=CN-US&most_recent_value_desc=true&start=1960
https://www.scmp.com/economy/china-economy/article/3158753/chinas-expanding-middle-class-starting-look-lot-us-its-not
https://www.forbes.com/sites/peterpham/2018/03/15/how-does-chinas-banking-system-work/?sh=14a5057812d9
https://www.bloomberg.com/opinion/articles/2022-08-16/if-the-china-crisis-deepens-a-global-recession-will-be-much-harder-to-avoid#xj4y7vzkg
https://www.bloomberg.com/news/articles/2021-03-11/from-crypto-to-offshore-accounts-tactics-used-to-get-cash-out-of-china#xj4y7vzkg
https://www.washingtonpost.com/business/whats-next-for-china-evergrande-crushed-by-debt/2022/07/29/aec9ffbc-0f59-11ed-88e8-c58dc3dbaee2_story.html
https://www.bbc.com/news/59585507
https://hbr.org/2020/02/how-much-money-does-the-world-owe-china
https://www.bbc.com/news/world-asia-china-58679039
https://www.washingtonpost.com/business/whats-next-for-china-evergrande-crushed-by-debt/2022/07/29/aec9ffbc-0f59-11ed-88e8-c58dc3dbaee2_story.html
https://thechinaproject.com/2022/06/13/chinas-three-red-lines-policy-to-safeguard-the-property-sector-isnt-working-yet/
https://www.thehindubusinessline.com/news/world/china-property-crisis-is-spiralling-with-homebuyers-boycott/article65642746.ece
https://marketoracle.co.uk/Article70448.html
https://www.usatoday.com/videos/news/world/2021/08/31/15-chinese-buildings-demolished-simultaneously/5664058001/

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