Video Summary The Chinese economy is facing a significant challenge as a trade war erupts between China, the USA, and the European Union. The issue centers on the Chinese government’s alleged subsidies to its electric vehicle manufacturing industry, which has dominated the global market in recent years. The USA and the European Union have applied […]
Video Summary The Chinese economy is showing worrying signs, particularly in its industrial profits. While the overall figures may seem good, with a 4.3% growth in the first quarter of 2024, a deeper look reveals a concerning trend. In the first two months of 2024, industrial profits were up by over 10%, but in March, […]
Video Summary As of 2023, China’s local governments have accumulated a staggering $9 trillion debt, equivalent to more than half of the country’s GDP. This massive debt was built up over the past 30 years, primarily through local government financing vehicles (LGFVs), which were established in 1994 to empower local authorities to raise debt and […]
Video Summary China’s economy, despite initial reports of a strong start to the year, is actually facing significant challenges. The 5.3% GDP growth in the first quarter of 2024 may look promising at first glance, but there are worrying signs beneath the surface. One of the main drivers of this growth was government support for […]
Video Summary China’s property sector has been struggling, with a significant impact on the country’s overall economy. The sector, which accounts for 25% of China’s GDP, has been in a downward spiral since 2018. The problem is not just a matter of a lack of confidence among buyers, but also a massive overhang of unsold […]
Video Summary Nigeria, a country with the 10th largest oil reserves in the world, is facing a severe economic crisis. Despite being rich in oil, the country is home to rampant inflation, with the currency being one of the worst performing in the world over the last 12 months. The country has seen a significant […]