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There's A Crisis That Is Quietly Creating New Economic Superpowers...

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There's A Crisis That Is Quietly Creating New Economic Superpowers...

As China begins to reopen its factories and return back to work, what they are returning to will not be the same…

Despite China being the worlds economic darling for the last 40 years, the balance of the worlds economic power has begun to shift to some places that you might not expect.

In fact, we are already starting to see some signs of other nations around the world, rising up in order to take away some of China’s manufacturing prowess away from them.


And who knows, we might be witnessing the creation of the next generation of economic superpowers, right infront of our very eyes.

But the reason that this is happening is a little complex. it started a few decades ago in 1970’s China when the country began shifting its economic policy away from communism, and more towards capitalism.

They soon began building specific economic zones where massive ports and factories could be built that would maximize productivity and efficiency. And once these economic zones were opened up to foreign trade and investment, China’s economy began exploding.

In the 1980’s many fortune 500 companies began having their products manufactured in China because China could make their products with a similar quality, but for a substantially lower price than if they were manufactured in the west.

And this was because of the extremely low wages that Chinese workers made, combined with other factors like tax laws and import/export efficiencies.


So all of a sudden, if a competitor chose to manufacture their products outside of China, they simply could not compete on price, which would likely have made them go out of business.

And because of this, by the 2010’s, one third of all products on the planet were manufactured in China.

Within the span of 50 years, China has turned itself around from an impoverished nation of farmers, to a nation that has the second largest economy in the world, behind the United States.

But a few strange things began happening in the past few years.

Here’s a question…what happens when a country who builds its economy based upon low labor costs, all of a sudden becomes succesful and wealthy?

In 1990, the average yearly wage from a Chinese worker was about $150 USD. By 2005, it was $2800 Dollars. In 2015, it was $8900. And as of this year, the average Chinese worker will make around $13 500 dollars.

That is a massive increase that has seen the average wage of a manufacturing worker increase by over 8500% over the last 30 years.

And what this means is that the cost of making products in China has become a lot more expensive than it used to be. Companies can’t make products for an 80% discount in China, like they used to. And because of this, we actually began to see a decline in Manufacturing in China in 2016, where for the first time in the countries modern history, their manufacturing output actually decreased by 2% during that year.


But that was just the first factor coming into play. after 2016, China once again saw modest increases in manufacturing output, until the United States imposed tariffs on imports from China. this caused a decrease in Chinese imports to the US by 7% in 2019, and forced many companies to begin looking for product sourcing in other countries.


And if that wasn’t enough, privacy concerns and tensions between China and the Western world have been on the rise ever since the country began taking over part of the worlds tech sector.

Ever since then, governments around the world have been actively trying to push Chinese technology out of their countries, while also incentivizing businesses to make their products domestically instead of China.

In fact, just last week, the departments of justice in the United States have requested that the FCC terminate China’s Telecom Authorization in the United States, citing it as a national security risk.

And all of these things, from rising labor costs, to geopolitical issues, have led us to today…and the pandemic.

You see, even though China-sourced manufacturing has been slowing down over the past decade, the country still remains the largest manufacturer in the world.

india economy. China economy. Vietnam economy. Mexico Economy. United States Economy.

Too long, End of Transcript.




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China Is Quietly Becoming The New Superpower of the World

China is growing at a much faster rate of clips economically than the USA, so much so that they've almost caught up. Let's discuss the possibilities of China becoming the next superpower of the world...

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1898 was a special year for the United States. It was the year, they won the Spanish American-war, they gained temporary control of Cuba, and a strong influence across nations throughout the globe. It was the start of USA being the superpower nation of the world. Since then they have grown and enjoyed a relatively strong period of being the nation at the top.

However fast forward to 2020, and it’s been over 100 years, of dominance by the United States. However there is a nation that is quietly building it’s economy, it’s power, and it’s influence across the globe and we’re coming to a stage where they’re almost as big as the United States. I’m talking about China of course.

Ok, so let’s look at some hard factual data. The best way to measure, how strong a country is becoming is through GDP growth. Gross domestic product, it basically measures how much a country is producing in any single given year.

Now if we go back over the past 10 or so years. We can see that China’s economy is growing at a much higher rate of knots, compared to the USA’s.
You know in 2019 China had GDP growth of 6.1%, compared to the USA’s 2.3%. That’s almost 3X the amount of growth. (1 please use website listed below)

And these big discrepancies, in terms of economic growth has been going on for more than 30 years, to the point where China is getting within distance of catching up now. The USA’s GDP as per the latest figures is $21.44 trillion dollars compared to China’s $14.14 trillion. This means China are now within $7.3 trillion dollars in nominal GDP of catching up…
But unlikely the USA they’re growing at a faster rate of knots.
This is why you’ve got groups of people predicting that by 2030, China will overtake the USA in terms of total production…

You know, it’s very important to take a step back and look at both countries as a whole…China has a population of around 1.4 billion. The USA’s population is around 330 million. That means china has over 4X the amount of people compared to the USA. Essentially China can have 4 people working for every 1 of USA’s person. This is a huge reason why they are growing at a much higher rate of clips compared to the USA. They just have more manpower.

And it’s the reason why you have people like Elon Musk predicting China’s economy to be at least twice the size of the states.
Musk said “A thing that will feel pretty strange is that the Chinese economy is probably going to be at least twice as big as the United States’ economy, maybe three times,”.

“If you have half the resources of the counterparty then you better be real innovative, if you’re not innovative, you’re going to lose. It would only require getting to a GDP per capita half the size the United States for their economy to be twice the size of ours,”.

At the end of the day China just has more to work with compared to the current superpower the USA. It’s because of all of these resources that they’re able to produce so much and sell a lot more than they need to bring in.

I mean just think about how many times you go to the shop to buy some random item, it could be any item, then you look on the back of it and say’s “made in China”. There’s a reason for that. It’s because China has the manpower and resources to produce all of that.

The U.S tend to have a massive deficit each year in terms of trade. These are figures from 2013 to 2018, so they’re a tad old, but as you can see the exporting is around 3 to 4X less, than then the amount they import (3).

This is because China are so good at producing things, and producing them for cheap prices.

And it’s not just the U.S, that China are good at selling to. It’s all around the world. And basically what this does for China, is it brings them a lot of money…


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Canada is Quietly Building The Trading Empire Of The World

We live in a world where globalization and trade have become one of the most vital aspects in determining the power of a country’s economy.

In fact, the process of getting goods from point A to point B might be one of the most important economic drivers in the world, yet no one talks about it. And somehow…quietly in the background, We might be seeing the creation of the most powerful trading economy in the world…but not for the reasons that you might think.



If you want to ship an item from a manufacturing hub like China, to a consumer hub in a Place like New York…how would you do it?

Well you could just send the package on a direct flight and it’ll get their in roughly 15 hours. But this is extremely costly. It actually costs anywhere from 5 to 15 times more to ship by air than to ship by the most common shipping method… by sea.

So, we are probably going to need to use a sea freighter. Now how would you deliver the package? Well you could drop the package off at long beach, and use a rail or truck to move the item to new york, but again, that is usually more costly.

Now we are in a predicament. In order to get an Item from China, all the way to new york, a ship would need cross the pacific ocean, travel all the way around the bottom of south america, make its way through the atlantic ocean, before reaching its destination after travelling 30,000 kilometres.

And this is a problem that was faced for hundreds of years. For example, when countries like Great Britain wanted to trade with the west coast of the united states or south america. Virtually all ships would’ve needed to travel around the bottom of south america in order to deliver their goods.

That was until the early 1900’s when the United States decided to buy up an 82 kilometre long plot of land in Panama. You see, the united states saw that this was the smallest amount of land that separated the Atlantic Ocean from the Pacific Ocean. So they thought this land could be used for both trade and military purposes. So, they purchased this plot for roughly $40 million dollars, or roughly $916 million dollars today.


They then created an artificial lake, and dug trenches from this new artificial lake(gatun lake) to both the pacific and atlantic oceans.

And finally on August 15th, 1914, the Panama Canal was opened. And the first american ship to ever travel directly from the atlantic ocean to the pacific ocean, without going around south america, had passed through the Canal. It was a cargo ship called SS Ancon, and was largely responsible for shipping cement from New York, to Panama in order to help build the Canal’s infrastructure.

And this opening of the Panama Canal would go on to change the world in many ways. For example, in 2019 nearly 1 million ships passed through this Canal, which indirectly resulted in trillions of dollars worth of commerce. The Canal also generated roughly 2.6 Billion dollars worth of fees for granting access of use of the Canal, so the Canal itself is a pretty decent money maker itself as well.

But this Canal also has limits, for example, no ships longer than 1200ft or wider than 168ft can actually pass through the Canal, as the waterway is simply not large enough to allow bigger ships through. So that is why today, you see most cargo ships being built with the exact dimensions needed to fit in the Panama Canal.


Another more unforeseen effect that this Canal had was that it wreaked havoc on some south American countries like Chile. This was because the ships that once had to stop at multiple port cities along the Chilean coast, all of a sudden stopped coming by. This was a large contributing factor to an economic collapse in Chile, which saw its state income and international trade cut in half within 2 years.
Way too long. End of transcript

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How The Suez Crisis Might Give Rise To A New Industry

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How is the Suez Canal disaster going to impact the already struggling shipping industry?

Who is actually going to end up paying the 400 million dollars an hour that this debacle was reported to cost?

And how might all of this help accelerate the rollout of modern airships?

... all this and more in today's episode of Economics Explained!

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How China’s Flagship Belt and Road Project Stalled Out

The China-Pakistan Economic Corridor is one of the most important components of Beijing’s ambitious Belt and Road Initiative. But so far, just one-third of planned development has been completed.

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Why China Will be the Big Winner of the 2020 Crisis

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This is China, what is still the world's foremost industrial economy has apparently been knocked down a peg as it emerged into the new decade.

There has been wild speculation about companies divesting from the country as a response to the critical flaws in supply chains that have been brought to light. The world today is heavily reliant on China to manufacture almost everything we take for granted in our modern lives.

Report’s of companies desperately looking for supply chain alternatives and speculation about countries that are going to move in to take their place have been all over the news, and perhaps there is some merit to this speculation, but a lot of this may be un-grounded in genuine economics and rather just be the product of things people want to be true.

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#Economics #Recession #DebtTrapDiplomacy

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References -

Were, A., 2018. Debt trap? Chinese loans and Africa's development options.

Money printer meme video -

Brautigam, D., 2020. A critical look at Chinese ‘debt-trap diplomacy’: The rise of a meme. Area Development and Policy

Bajo, C.B.S. and Roelants, B., 2011. Capital and the debt trap. Hampshire: Palgrave Macmillan

Olson, D.L. and Wu, D., 2011. Risk management models for supply chain: a scenario analysis of outsourcing to China. Supply Chain Management: An International Journal

Aiyar, M.S., Duval, M.R.A., Puy, M.D., Wu, M.Y. and Zhang, M.L., 2013. Growth slowdowns and the middle-income trap (No. 13-71). International Monetary Fund.

Woo, W.T., 2012. China meets the middle-income trap: the large potholes in the road to catching-up. Journal of Chinese Economic and Business Studies

Articles -







How Africa could one day rival China | The Economist

Africa is changing so fast, it is becoming hard to ignore. In the short term the continent faces many problems, including covid-19, but in the long term it could rival China's economic might. Read more here: doc

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Will A New Cold War Emerge Between US And China? | Insight | Full Episode

The simmering tensions between the US and China have reached a boiling point during the coronavirus pandemic. In rapidly evolving global dynamics, the Trump administration officially pulled the plug on US funding of the World Trade Organisation (WTO) criticising the organisation for being too friendly with China and for providing cover for Beijing in the wake of its mishandling of the COVID-19 outbreak. As the two largest economies of the world get openly hostile and indulge in a war of words, what’s at stake goes beyond implications to trade dispute. Will the confrontational policy of the US towards China continue beyond the US Presidential election in November? Could this be the beginning of a new Cold War? Are the US-China relations edging to a point of no return?

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In Debt To China, What If Countries Can’t Pay Up?

President Xi Jinping’s Belt and Road initiative (BRI), also known as the ‘One Belt One Road’ initiative is seen as a transformative global trade network, reconnecting places along the historic Silk Road trade route with new ports, highways and railroads. China has since guaranteed concessional loans to finance constructions in the China-Pakistan Economic Corridor (CPEC) and in Sri Lanka’s Hambantota Port. But the #COVID19 pandemic has affected these developing countries’ ability to service its debts.

Experts worry that the Belt and Road initiative is laying a debt trap for borrowing governments and in turn, causing a huge debt burden for China.

Will the Belt and Road initiative be able to come to fruition given the current economic climate?

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Can President Xi turn China into a $30 trillion economy by 2035? | Counting the Cost

President Xi Jinping has an ambition to double the size of China’s economy by the middle of the next decade.

Meanwhile, after mismanaging the pandemic, the United States could relinquish its title of being the world’s biggest economy by 2028.

Attempts by the Trump administration to restrict China's access to technology may just be a road bump on the country's relentless rise. But it also faces challenges in the form of demographics, enormous debts and geopolitical entanglements.

Plus, is vertical farming a realistic way of feeding the world?

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Is This Crisis Quietly Creating A New Economic Superpower

Is This Crisis Quietly Creating A New Economic Superpower?

As the whole world shuts down the economy the world will be forever changed.

And as China was the first to reopen its factories and return back to work,
what they are returning to will not be the same, despite China being the world's economic darling for the past 40 years, the balance of the world's economic power has begun to shift towards some places that you might not expect.

this video picks up on where I left off in the last video ( and that the actions and events happening today have many intended and unintended consequences and in fact, we are already starting to see some signs

and while the last video was about the money this video focuses more on economic power we may be witnessing the rise of new superpowers
happening in front of us history books being re written


to drive this home, you know what I like to do and that is going back into history

Let me know what you think

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WATCH There's A Crisis That Is Quietly Creating New Economic Superpowers ...

As China begins to reopen its factories and return back to work, what they are returning to will not be the same…

Despite China being the worlds economic darling for the last 40 years, the balance of the worlds economic power has begun to shift to some places that you might not expect.

In fact, we are already starting to see some signs of other nations around the world, rising up in order to take away some of China’s manufacturing prowess away from them.


And who knows, we might be witnessing the creation of the next generation of economic superpowers, right infront of our very eyes.

But the reason that this is happening is a little complex. it started a few decades ago in 1970’s China when the country began shifting its economic policy away from communism, and more towards capitalism.

They soon began building specific economic zones where massive ports and factories could be built that would maximize productivity and efficiency. And once these economic zones were opened up to foreign trade and investment, China’s economy began exploding.

In the 1980’s many fortune 500 companies began having their products manufactured in China because China could make their products with a similar quality, but for a substantially lower price than if they were manufactured in the west.

And this was because of the extremely low wages that Chinese workers made, combined with other factors like tax laws and import/export efficiencies.


So all of a sudden, if a competitor chose to manufacture their products outside of China, they simply could not compete on price, which would likely have made them go out of business.

And because of this, by the 2010’s, one third of all products on the planet were manufactured in China.

Within the span of 50 years, China has turned itself around from an impoverished nation of farmers, to a nation that has the second largest economy in the world, behind the United States.

But a few strange things began happening in the past few years.

Here’s a question…what happens when a country who builds its economy based upon low labor costs, all of a sudden becomes succesful and wealthy?

In 1990, the average yearly wage from a Chinese worker was about $150 USD. By 2005, it was $2800 Dollars. In 2015, it was $8900. And as of this year, the average Chinese worker will make around $13 500 dollars.

That is a massive increase that has seen the average wage of a manufacturing worker increase by over 8500% over the last 30 years.

And what this means is that the cost of making products in China has become a lot more expensive than it used to be. Companies can’t make products for an 80% discount in China, like they used to. And because of this, we actually began to see a decline in Manufacturing in China in 2016, where for the first time in the countries modern history, their manufacturing output actually decreased by 2% during that year.


But that was just the first factor coming into play. after 2016, China once again saw modest increases in manufacturing output, until the United States imposed tariffs on imports from China. this caused a decrease in Chinese imports to the US by 7% in 2019, and forced many companies to begin looking for product sourcing in other countries.


And if that wasn’t enough, privacy concerns and tensions between China and the Western world have been on the rise ever since the country began taking over part of the worlds tech sector.

Ever since then, governments around the world have been actively trying to push Chinese technology out of their countries, while also incentivizing businesses to make their products domestically instead of China.

In fact, just last week, the departments of justice in the United States have requested that the FCC terminate China’s Telecom Authorization in the United States, citing it as a national security risk.

And all of these things, from rising labor costs, to geopolitical issues, have led us to today…and the pandemic.

You see, even though China-sourced manufacturing has been slowing down over the past decade, the country still remains the largest manufacturer in the world.

india economy. China economy. Vietnam economy. Mexico Economy. United States Economy.

Who Will Be The Next Superpower|There's A Crisis That Is Quietly Creating New Economic Superpowers

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A Crisis Is Quietly Creating New Economic Superpowers...

Scott Morrison has his eyes on making the Australian economy independent on the opposite side of the coronavirus emergency, UTS Professor Warren Hogan says.

The Prime Minister a week ago conveyed a key discourse to the parliament, where he focused on the need to secure Australia's financial sway.

Educator Hogan revealed to Sky News he figures the administration could hope to remake a portion of the assembling area post-emergency.

I think the Prime Minister is alluding to adequately independence, he said.

I think this key idea is around ensuring, regardless of whether the fringes are shut or not, whether worldwide stockpile chains are disturbed, we can ensure we can get key things Australians need.

The principle story is as we come out of this, how would we guarantee the new economy is an economy that can ensure it cares for Australia's needs and I imagine that implies revamping a major piece of our assembling base.

The crisis Quietly Creating New Economic Superpowers...

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''کون کون سا صحافی اور میڈیا مالکان مریم نواز کے میڈیا سیل میں حاضری دیتا تھا؟''
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How China Will Quietly Become The New Economic Superpower By 2028

The UK-based Centre for Economics and Business Research forecasted that China will overtake the US to become the world's largest economy by 2028. Let's go over this forecast, how accurate it is, and what the potential consequences this may have...


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This illness that we’ve all seen, is changing many ways that the world is run. We’ve seen a drive towards the internet. We’ve seen people starting to work from home, instead of going to offices. But one of the major changes that we’re seeing when it comes to the economy, is the rise of China.

“China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast, a report says”. The UK-based Centre for Economics and Business Research said China's skillful management of the virus would boost its relative growth compared to the US and Europe in coming years.

If we look at the forecasts, China is expected to have average economic growth of 5.7% a year from 2021- 2025 before slowing to 4.5% a year from 2026- 2030. The United States however, has forecasted growth of 1.9% a year between 2022 and 2024, and then to 1.6% after that.

So the USA is growing at 2 to 3 times less than China. With this expected growth China will overtake the USA and become the largest economy in the world, within the next decade. Now this is interesting because the virus, the pandemic, the global shutdown, has benefited China a lot more than its western counterparts. So I want talk about why, I want to go deeper into the trends, and discuss why it’s so important that the USA get’s it’s act together or else the whole world could suffer…

So let’s start by taking a look at this. This graph measures GDP, gross
domestic product. This is the main way you measure how strong an economy is, because it shows you how much they produce in a given year.

So if we take a look, in 1990, it wasn’t even close between the USA and China. The USA were producing more than 10 times the amount of goods. $5.9 trillion compared to 398 billion.
2000 it was around the same story $10.2 trillion compared to 1.2. But then the 21st century rolls along and that’s when China starts to adopt capitalism more and becomes a threat to the USA.

Just over that next decade, they rose from been 1/10th of the size, to almost a half of the USA’s economy. In 2010 the USA had 15 trillion dollars of GDP, compared to China’s 6 trillion. Now fast forward to today, what’s the most recent trend that you can see. China has had another uptick in terms of growth at least when compared to the USA.


Over the next couple of years that growth is meant to continue for China and those lines are meant to meet, in 2028. That is when China is meant to take the Flagpole from the USA and become the world’s leading economy…

Now this is interesting because the pandemic has really, benefited China the most. While the USA was battling case after case, China locked things down, smothered the virus, and were able to open up their economy relatively quickly. The USA, the lockdown didn’t work as well as China, and they have taken a lot longer to start opening businesses and heating up the economy again.

So this race, between China and the USA to be the dominant economic power, China have thrown a couple of touchdowns during this pandemic. And they’re catching up on the scorecard.
Over the next decade at least when you look at what the economists are saying, they will take the batton from the USA.


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DISCLAIMER: It's important to note that I am not a financial adviser and you should do your own research when picking stocks to invest in. These are just some of my viewpoints, by no means would I recommend watching one YouTube video and then immediately buying that stock. This video was made for educational and entertainment purposes only. Consult your financial adviser.

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