It's Over: China’s ENTIRE Economy Is About To Collapse
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Throughout the last few years, China experienced what many would call a “real estate housing boom bubble,” as citizens preferred to invest their money in housing as a safety net, causing the real estate market to increase double-digits year over year. But, there was a problem:
It's alleged that some of the largest developers were taking presale money, funneling them into NEW projects for the purpose of garnering even MORE pre-sale deposits, and running a property Ponzi-scheme by using new funds to slowly complete the construction of past projects.
As more and more properties fell behind on construction, or flat-out abandoned projects due to a lack of funding…buyers have staged a mortgage boycott…where “All homebuyers with outstanding mortgage loans will stop paying, unless construction resumes before Oct. 20.”
The loans have also spilled into their banking system, where customer deposits have been frozen since April. Over 400,000 customers across China have fallen victim to similar “bank-run” activities, and it’s reported that a quarter of the industry’s total assets are held by 4000 smaller lenders…”which often have opaque ownership and governance structures and are more vulnerable to corruption and the sharp economic slowdown.”
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Thanks for the shoutout Graham! Props to you for providing incredible additional research on the global implications of China's collapse. The CCP has been attempting to censor videos like this so it's essential to get the message out. Anyway, big fan of your channel and keep up the great work.
Thank you so much!
First
Heck yeah Casgains!! It’s the Gains Brah!!!
@@GrahamStephan your credibility collapsed
Both these channels are such nonsense propaganda
If I had a dollar everytime someone said China was gonna collapse, I would be richer then the United States
This has to be at least the 278th time I've heard this in the last 20 years.
If China keeps refusing to collapse on its own, the West might do it by force, so they better collapse now, for their own good
same
Same
Theres new one every year.
China is still standing but a bank in the US has shut down.
And another one...and another one...
Those are China banks (using US name)
LOL, funny, isnt it?
Credibility destroyed.
That was always going to be a gamble 😀
He had none to begin with.
Social media has the memory of a goldfish. They never look back at past statements
Most of his audience don't care. Gordon Chang is still raking in a lot of money from his sheeps even though his predictions are always wrong
Guys the collapse is only experiencing temporary delays I’m sure you just need to wait another 29 days
is this some kind of knock off of 28 Days Later?
*29 decades
No no.... my ecomonics say it's 34 days!! Get your facts straight!
All videos are like this on china lmao
@@shadinio um i got 34 days and a half
It's 4 weeks later...so who's ready for the big day tomorrow?
I AM
Here after chinas recession
😂
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think 2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere. China's financial crisis is Here.
just to click bait you
My dad says the economist have been saying the same thing since the late 80s.
Except this time it’s very different, because it’s value from real estate that stopped existing because it was a Ponzi Scheme that spanned decades. Hate to break it to you, but Ponzi Schemes all collapse at some point and that time is now for China, along with grain shortages and halted manufacturing and business operations because someone got Covid. Maybe China will remain and just be much poorer, but with an Authoritarian government, people are more likely to rebel and break up China into smaller nations. This is what has historically happened to China for centuries and History does like to repeat itself
Nothing you said happened
Gordon Chang wrote a book on it 😂
“About to collapse…” Aaaaaaannnnnd….we’re still waiting 😅
Been collapsing for like 20 years apparently 👀
Time for Taiwan to claim West Taiwan Edit: WOW THANK YOU FOR THE MASSIVE AMOUNT OF LIKES AND COMMENTS
Taiwan can buy west Taiwan back for pennies on the Yuan.
🤣
Dope!!
Fed detected
💪🤘
the creator of this video should change its name to Gordon Chang MK2 and create a China gonna collapse in 29 days video every 29 days. so that some day he will be right.
The video is just propaganda, ignore this BS
🤣🤣😂😂
he doesn't even deserve that, this guy's just a wannabe
The ftx he promoted did collapse tho
This didn't age well. (29days later).
The Gregorian calendar and the Chinese calendar are two different things.
Looks like he was off by only 14 days.
60 days later.
@@dakadavew2577 still doing well after 180 days
It is March 14, 2023 already. Then Silicon, Silvergate, Signature
so much for the 29 day collapse !!!
Ftx collapsed
Man it's 30th day, still waiting...🙂
It's been well over 29 days. Clickbait.
Anti-China ads are well made and supported in the US. KZheadrs just wanted to get viewed, subscribed so alot of them made contents like this one.
The days are longer in the Chinese calendar.
Well..... Not sure you looked at China today, but it looks like its in the midst of collapsing today.
its been clickbait for over 20 years... New York Times talked of a Chinese economic collapse since the late 90s
This guy already made all his click bait money he’s not even worried
This is the longest 29 days ever!
This has been a really long 29 days
I love how 4million people actually follow financial advice from a youtuber that literally just copy and paste with 0 experience in the Chinese Financial market🤣
Most financial KZheadrs just jump on any new topic regardless if it's in their field of expertise.
just wishful thinking....
Attacking the messenger?? Is message correct*?
Chinese propaganda spotted
@@SirLinkTheIntrepid I'm not surprised a bot name account can't count to 29
The original title of this video was "In 29 days [...]". We're there. And I guess the original poster felt it would feel weird to have that title for a more than a month old video. 29 days ago, the probability of Chinese economy to collapse was literally zero. It is still zero. It takes years of bad of economic decisions to bring it down. A good example of that currently is Turkey. And China is nowhere near that. This entire video is simply a clickbait.
Did u also set today's date on your calendar?
Right
Views bro , views
This is anti china propaganda. They've been saying china will collapse since the 90's
China did make a lot of misinvestments over the years, like most high speed train they build with debt aren't even profitable. But anyway, I think China can handle more financial problems than the US could because they have much tighter control over the economy.
29 days later this channel is confirmed as a bunch of BS.
It’s just propaganda
Another Gordon Chang prediction LMAO. Gordon Chang's predictions for over 20 years about China collapse was wrong every time.
Don't insult Gordon like that. Gordon has education background and published studies/papers to back up his opinions
I love this channel but graham really discredited himself with these hot takes on global issues. I lived in China for a long time; China is vastly more complex than any of us can imagine. The power government has to shape economic policy is way more effective than the west understands. My advice, stick to what you understand best.
He does. It's propaganda.
He doesnt understand anything, other than peddling BS. Look what happened to the ftx he shilled for...
@@AZ-rg3rfLet's give him some credit. He understands very simple stuff that most people in the upper middle class would know. And in his defense, maybe he's being paid by RFA. It's a decent bit of side change.
I am in Shanghai . everything is very fine, economy is also fine well.
I gave Graham a benefit of doubt and waited 29 days. Looks like it’s time to smash the dislike button for KZhead’s algorithm.
Me after 29 days- “where collapse?”
It's been 29 days. Let me give you an update. It didn't happen lol
Nor will it happen in the entire 21st century
Well, it's been 34 days....
Where’s the collapse
60 days later. China: Lol
This didn't age well 😂😂😂`
Maybe that is meant to be based on a Chinese year of something 🤔
@@MusehanaH maybe it's Jupiter's days and not Earth's days, Graham Stephan is millionaire, he cannot be wrong. If you disagree ur just jealous :(
@@richhornie7000, convince me that he owns China and I might take you both seriously...I disagree. Yeah, jealousy of what?
It aged well for the FTX he prmoted
Time is up. Where is the collapse?
It’s just propaganda
Sorry, we're experiencing technical difficulties. However, your collapse is very important to us. Please stay on the line.
34 days over now
Its been more than 29 days sir. I am still waiting
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
the inflation isnt behind us, we just ate it
We've been hearing the same thing for 20 years now.
Surprisingly, such videos about the 'collapse of the Chinese economy in xx days' keep on coming, and yet no one seems to bother that such predictions all turn out to be wrong. Even more surprisingly, such videos can muster a high viewership.
Because they are created and paid by CIA most probably.
they're high on something
Every video title is like “CONFIRMED WORLD ENDING” and then the content is like “there are some signs indicating a potential issue but it’s too early to tell” lol
It's called clickbait and we clicked
still waiting to collapse
This didn't age well
Well, it has passed 29 days, actually almost 50+ days now still no crash. Care to share what you have been smoking?
China is still here
It’s now minus 60 days to collapse 😮
Just checking in, have they collapsed yet?? "JuSt tWo More wEeKs bRo I SwEaR"
China did not collapse in 21 days, was your analysis correct? I put money into it, and I lost 🙁
it was correct
@@prazofficial 🤡
A fool and his money are soon parted.
Its been two months stephan, when will it collapse?
Can you count to 29 ?
Has it collapsed yet?
how manydays now？ whose banks failed？
It's All Over for USA and WEST banks dated 16th March 2023 😂🤣😂🤣😂🤣😂😂
Graham in thumbnail: It's OVER! China's ENTIRE ECONOMY IS ABOUT TO COLLAPSE Graham in video: It's too early to tell exactly how this is going to play out...
😂😂😂 views bro, views
Thank you for saving my time!
Xd they keep saying this for years
Lol I saw that coming. Most of these "finance youtubers" are clickbaiters. I knew I was going to waste 10 mins but clicked anyway.
US collapse first before China. Common sense.
Lol, I love commenting on these vids because I can come back after a month and laugh at you.
This didn't age well. Six months later now. But then again, anyone who knows the first thing about either China or economics would have known that.
I think you forgot to mention the fact that many people who started buying homes are mad, because they paid so much for their homes years ago, but then property sellers started selling them at lower prices to new buyers to entice demands, which made the old customers feel scammed.
The old customers should sue for compensations and stop being selfish. A young family of fresh college graduates deserve a home too.
I remember hearing that, but that was part of the lead up to the big bang. It might have been barrier by then.
Here’s the kicker, they were scammed. Selling property is a scam
means early buyers have to wait?.. well still better than paying more and yet not having property
It was horrible planning this is sour fruits of choke soil finally falling off the trees.
There are some countries who suspiciously get into some kind of global conflict when their citizens need to be distracted from a broken economy. I wonder if Chinese officials would follow that logic and look towards an aggressive intervention in Taiwan.
Lawl, trust me, EVERY country has done that at some point of time.
Spot on
Yes, so be prepared.
China treats their citizens a little differently. Supposedly Chinese tanks are parked in front banks performing " military drills" and it's not the first time china has used military force against their own citizens. Tiananmen square.
You never know, Chinese communistic parties armies generals might not be keen on testing whether their life's will be nearly as short as the Russian ones. Theyight serve shezhing and some other party members on a silver plate, because in countries like these generals do have a lot of sway and little interest in dieing
Lol, this video will be epic, along with Chang's "The Coming Collapse of China i"
When’s the collapse again? 😂
Glad to see you addressed this Graham. Its a huge deal and has been spiraling faster and faster.
Nearly 2023… still waiting bro
April 2023. Still waiting...
“I did my own research”. We can tell. Let me guess, Kyle Bass manages some of your money? Lmao
"I did my own research" = "I read some reddit forums and youtube videos"
Uh ccp official in the comment section, also quinton i agree with you
@@ondram0542 Oh, did I hurt Graham fan boy's feelings🤣I guess counting to 29 is hard for you
@@antimime666 cope
For someone who has been researching this, you did a fantastic job Graham. Short sweet & simple. Keep hustling 👊🏽
Thank you!
Gordon Chang was right all along!!! He was just 20 years too early in his prediction 😂
Wait isn't this the same narrative since 1950s?
@@darthvadeth6290 the Chinese Michael burry ?
Could you point me to a acrtical saying the peoples bank of china froze deposits I only see stuff about smaller banks
29 DAYS IS OVER? WHAT ABOUT CHINAS ECONOMY?
Well. It’s been more than 29 days… where does it go from here?
When a month passes and China is fine I will laugh. There are a million of these videos and they are posted every week.
This whole story reminds me of "Money, Bank Credit, and Economic Cycles" by Jesus Huerta de Soto.
10:18 "Throughout most of our lifetimes, this has not been something to worry about" 2008 Financial Crisis: "Am I a joke to you?"
That’s why he said most, champ.
I hope China's housing collapse won't reduce the worth of the house I just bought over priced
There weren't bank runs in 2008.
@@atlmember4045 there were in the UK (see ‘northern rock’)
And not to mention we havent even recovered from that and it's only gotten worse.
It's two days after the much anticipated great collapse. When is this happening? 😂
Mr. Clickbait is about to collapse
IMF: China economy growth in 2023 will be 5.9%.
Be back on 29 days to laugh at how none of this is happening.
29 day X 8 later...this is a very entertaining video. Especially the love for "fractional banking" and how secure it is in the US. The only thing that would make this even better is if he was schilling FTX. Great for a good laugh, but not much else. Being absurdly wrong should should be the description for this channel.
You lied. I'll never watch your channel again.
What a collapse propogandas master
Reported for misinformation.
No collapse, cap
Where's the collapse?
I am so glad you are covering this subject. I have been following the situation over there but it seems nobody is paying attention.
Watch out bro there was a dude with a Austrian accent asking about you
thats cuz chinas bots are censoring it across youtube.
A police officer came by asking for you dude
Teach me to fight, they’ve passed the Turing test
T-800: Your foster parents are dead.
Bookmarked this to check back in a year if this becomes a Gordon Chang moment
lol, did your face collapse?
Did I miss it, or did he not cover the part where one of the bankers fled the country with billions of dollars? They posed as a bank, but in reality, it was going to executives accounts and they were investing it. It was in the fine print, so it technically wasn't "illegal". And it wasn't protected because it was technically an investment account and not a saving/checking....
Even worse - the banks forcibly converted the savings accounts to investment accounts so that the activities that they were already doing would be legal.
@@cjmhall is that what it was? So hard to get the exact info on stuff in China...
It sounds like Chinese are going to be cracking down on corruption, a lot of oligarchs stole from Chinese people and ran to the West it won’t save the West though, the Western political corruption has grown pretty big as well. This is similar to Ukrainian corruption and a Russian corruption oligarchs aka business entrepreneurs launder and park the money overseas but that will all change with the new reserve currencies probably more than one as value of the dollar continue diminishing, it’s not all about real estate more than not it’s about natural resources. You can always utilize a vacant housing in some ways and get the value out of it even if the housing market crashes.
@Ryan, Tell me how to bring out that amount of money out of your own country, no need to talk about China with its very strict restrictions & procedures?
@@jmchng9662 pretty easy if you understand shell corporations
Any day now...
Hey dude has been 63 days
Wishful thinking on China's collapse, America's far surpassed the level of debt that has collapsed multiple other countries.
I've been watching videos like this for weeks now. I was wondering if anyone mainstream was going to talk about this. Glad you did because people need to brace for it.
Today Joe Biden declared the latest inflation report showed that it was at 0%. Do you really think they want us to know the truth?
Mainstream! Huh what mainstream Elections Elections Elections that’s all they do
Amen. This is all been In The works for a while now and it’s still not even mainstream yet. Its good it’s growing on KZhead tho
YAWN, as if noby didnt see that coming, Everybody knows its a bad idea to fo business with the BANKS, let alone the control to a nation's monetary currency.
Mainstream media has been predicting a Chinese economic crash every year since the 1980s.
Still no collapse 😂😂😂😂
Well today is the 30th day since this video is made but China economy hasn't collapsed. Actually its irrelevant whether their economy collapse or not, based on Graham's advise we should DCA into the market anyway. Boom and bust cycle is sure to come and go given enough time.
I doubt if the US economy is as strong as the Chinese at the moment. And this dude really thought the authoritarian Chinese government wouldn't take the short-term repercussions into account when bursting the bubble by themselves. What an absolute clown! 🤡
DCA only works in an open economy In China there's always a risk that the government just takes everything away from you. You don't benefit from a following boom if you have 0 invested
The world economy is interdependent especially with china , if China falls so will the whole world
and it's the 180th day now lmao still doing well
@@JasonMomos propagandists bro
Where is the collapse?
Turkey and Syria had big earthquake
7months I'm waiting Pin this comment if china did really fall 😂
the lettuce won't last that long
China still here?How? 1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. KWR International: How to find a soft landing if China.. 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010. Nouriel Roubini: Hard landing coming in China. 2011. Business Insider: A Chinese 2012. American Interest: Dismal Economic News from China: A Hard Landing 2013. Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? 2022. Cathie Wood: China's COLLAPSE Is FAR Worse Than You Think 2022. Business Basics: China's Economic Crisis, GDP is Crashing, Protests Everywhere. China's financial crisis is Here.
So....has the collapse missed us?
u know nothing tom holland... keep swinging on a building thats ur job spidey 🤣🤣🤣🤣
I wish KZheadrs would be held accountable for their ridiculous clickbait titles. "China's ENTIRE economy will collapse in 29 days or I will delete my channel" sounds like a fair deal.
You've missed a couple key points, the biggest being LGFVs. Local governments make half of their yearly revenue from selling public land to developers through LGFVs. Now that developers have stopped buying land, these local governments are screwed (made worse by the cost of 0-covid policy).
Hahahahaha
In fact, a large percentage of local governments are no longer dependent on land sales. Previously, land sales provided local governments with funds to build subways, viaducts, widen roads and urban infrastructure. But with all the good land being sold out and the increasing pressure from real estate, many cities are transitioning away from relying on land revenue and instead relying on tax revenue, so don't worry too much!
Are you speaking about China?
Leasing land. Big difference.
@@famousraperandrapperkriswu656 so who are the local governments going to tax with so few people working due to their zer0 covid policy?
29 days from august. Well, the channel turned into garbage.... Does anyone was short on this ?????
Still waiting.......
The real estate dealings reminded me very much of what happened in the US in 2008: the same sort of over-leveraged commitment to purchase second, third, fourth homes as "investments" because real estate prices could only go up, and thus the proliferation os sub-prime lending through collateralized debt instruments - see the movie "The Big Short."
No, it is much, much worse than that. At least the 2008 US mortgages were secured against properties that actually existed, and had people living in them. Most of the problems in 2008 stemmed from the securitisation and packaging of those mortgages, mixing high and low quality loans together, then assigning them value as if they were all high quality, and lack of clarity on who actually owned what. After it all got worked out, it turned out that on the whole, even the suspect packages were mostly profitable. The Chinese situation is fundamentally different. A LOT of people have been sinking a LOT of money into real estate, because it is the only asset class that most Chinese either trust, or have access to, and far, far too many of the building that people own on paper just don't exist, or would be better if they didn't exist, because then whoever buys them wouldn't have to pay to demolish the worthless structures occupying the land. When that all gets worked out, it's going to turn out that a lot of people have lost everything. That includes the banks too, who are also suffering from other bad debt problems, and will be suffering even more so when the badly run industries that real estate was propping up go to the wall (the Chinese steel industry is in real trouble right now, because their main customers were, yes, the real estate developers. The Chinese steel industry was already suffering from overcapacity problems, and the collapse of domestic demand is going to ruin a lot of them, which will make things even worse for the banks that have been financing them). So, you're going to have an industry worth about ~30% of Chinas' GDP collapsing, with knockon effects in several other major industrial sectors (steel, cement and furniture/decor, all also fairly large contributors to Chinas overall economy), with the resulting bad debts all hitting the banking sector which has other massive problems right now (decades of corruption and poor management/investment decisions catching up with them), massive destruction of savings coupled with what will probably turn out to be pretty big job losses, and they are just about to hit their demographic peak, so all of this will have to be dealt with by a shrinking, aging population. Oh, did I mention that the governments chip development fund has just started arresting and investigating it's top officials and the CEOs of major chip manufacturers? They seem to have managed to have collectively pissed about $100bn down the drain, so yeah, they are all getting executed, but wouldn't that $100bn have come in real handy right about now?
@@talltroll7092 Excellent clarification. Many thanks. I did see in the Lewis account that at least some properties in the 2008 US crisis were unoccupied, bought purely on spec - but, as you say, those houses had been actually been built and in fact existed.
@@talltroll7092 👍👍👍
@@talltroll7092 Well said, man. Happy we don´t live there, but it will definitely affect us.
*America is Near the END!!!* *As a Person of JeHoVah GOD; I am Looking ForWard, to the End Times!!!* *I am a Registered RePubLiarCon, but I Voted HeLLary & Joe !!!* *Cuz of Wyoming's ANTI-Liz Chan VOTE, Aug.16, 2022 -->* *I wiLL Never Vote another RePubLIAR-Con, Ever Again!!!* *But Cuz of the ConStant Murders of My Postings by the DeMonRats* *who Own U-666-Tube, I wiLL Never Vote DeMonRat Ever Again!!!*
Calling Chinese housing real estate is a mockery of the word "real." People were buying apartments that hadn't started construction yet on land that is still owned by the government. When construction does start, the quality is typically abysmal. Often the finished units remain empty and unfurnished.
Well to be fair the word "real estate" comes from "estado real" or "royal estate" suggesting that the property's actual owner is the monarch or in modern times the state hence why you pay property taxes to stop the government from reclaiming what's "theirs".
We do the same thing in italy
1st learn about the population density of Asia or learn about living & farming land availability.
Yes more like fakestate or unreal state
few years ago, I saw in a video that new buildings have some sort of tax exempt until they get finished. Once the building is finished, tax has to be paid. That has resulted in massive amounts of "concrete flow" where corners can be cut. Profits are pocketed...and lastly, the building can be demolished, effectively erasing the trace of such a scam.
Did it collapse yet
Kinda funny that if you refuse to pay mortgage to the bank what are they supposed to do ? Put a lock on the imaginary door to the unfinished empty plot of land and then try to sell the "Home" as a "Fixer upper"
Nothing. Presumably the bank will fail
Yes this is the content I love! Thanks for the education graham!
🤣thanks him to make u 💩 more and more brianless
he basically copied casgains
You really should be more cautious where you get your education from. This is anything but.
Come back at the end of the year and see if this is education or click bait. I question if democracy can function as intended if voters are gullible.