With the purchasing power of the Russian ruble hitting the lowest point since March 2022, the economic toll of the full-scale invasion of Ukraine becomes glaring. Russia's expanding spending on the war has fueled inflation, prompting Russia's Central Bank to hike its interest rate to the highest level since the early 2000s — 21 percent […]
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 property developer Evergrande has been accused of fabricating its accounts by $78 billion, including non-existent revenue and non-completed sales. This is a significant blow to the company’s reputation and could have far-reaching implications for the Chinese economy and global markets. The Chinese Securities Regulatory Commission has also accused Evergrande’s founder, Hua […]
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 Title: China’s Overcapacity Crisis: Can it Affect the Global Economy? China’s manufacturing sector has been growing rapidly, but it appears to have reached a critical point of overcapacity. With production far outpacing demand, prices are plummeting, and many companies are struggling to stay afloat. This crisis has significant implications for not only the […]
Video Summary China’s pension system is facing significant challenges due to its aging population and low retirement age. With a population of over 1.4 billion, China has been experiencing a demographic crisis since 1980 when it introduced a one-child policy, resulting in a shrinking population and an aging workforce. Currently, over 350 million people in […]