Chinese Economy: Reform or Die | David Woo
The teaching of the Chinese philosopher Mencius about the right of people to rebel against unjust government has kept Chinese rulers on their toes for more than 2000 years. The political legitimacy of the CCP depends on continued speedy convergence of China's standard of living to that of developed countries. While urbanization promises to unleash further improvement in labor productivity, the Chinese economy faces 3 growing constraints: limited scope to grow global market share, limited scope for further balance sheet expansion, increasingly limited ability to access foreign technologies. Under Xi Jinping China has moved to favor state control over private entrepreneurship. If China were to escape the middle income trap, he only way is to accelerate economic reform and deregulation to unleash the private sector. Does Xi's have what it takes? Can reform help US-China relations? It is reform or die. David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.
Subscribe: https://www.youtube.com/c/DavidWooUnbound?sub_confirmation=1
Useful links:
• LinkedIn: https://www.linkedin.com/in/david-woo-1479a492/
• Twitter: https://twitter.com/Davidwoounbound
• Wikipedia: https://en.wikipedia.org/wiki/David_Woo
. RIWI-Unbound: https://riwi.com/compass-series
#china #economics #investing
00:00 Introduction
00:46 Political legitimacy
02:51 Chinese economy under the CCP
04:45 China's middle income trap
06:40 Urbanization as growth engine
11:04 Housing bubble
12:37 The bottom line
-
1:28:25
Fresh and Fit
3 hours agoGeneral Flynn Interview
25.1K33 -
1:03:46
In The Litter Box w/ Jewels & Catturd
1 day agoDinesh D'Souza - Vindicating Trump | In the Litter Box w/ Jewels & Catturd – Ep. 662 – 10/7/2024
44.6K25 -
28:27
Breaking Points
8 hours ago'CALL HER DADDY': Kamala Abandons Hiding Before Election Day
17.5K31 -
2:28:10
Megan Fox Investigates
5 hours agoFetal Attraction: Tilted Lawyer Omar vs. David Gingras Esquire!
15.9K4 -
1:33:25
The Quartering
5 hours agoDonald Trump Just WON The Election w/ Genius Elon Musk Plan & Styxhexenhammer Returns!
74.2K35 -
1:27:51
Game On!
5 hours agoCollege Football UPSET Weekend Recap | Crick's Corner
19.4K1 -
1:06:50
Russell Brand
7 hours agoREACTION: Trump Makes HISTORY, Shares Stage With Elon Musk At MASSIVE Butler Rally – SF468
158K646 -
1:11:55
Nerdrotic
6 hours agoJoker 2 Box Office DISASTER - Nerdrotic Nooner 434
48.6K20 -
2:31:12
The Shannon Joy Show
9 hours ago🔥🔥Hurricane Hysteria & BASED Leadership From Ron DeSantis. Also - The MAHA Townhall. Will Trump & RFK Jr. Address COVID Lockdowns & Vaccine Death & Injury?🔥🔥
44.4K22 -
2:16:21
The Dilley Show
5 hours agoTrump Triumphant Return to Butler and More! w/Author Brenden Dilley 10/07/2024
49.4K11