The Point: Is China's economy in trouble?

he Point: Is China's economy in trouble?
6,761 views

63

11

SHARE

SAVE


CGTN
Published on Jan 21, 2019

China's GDP grew 6.6 percent last year, the slowest in 28 years but above the target of 6.5 percent. For the first time, the GDP surpassed 90 trillion yuan (about 13 trillion U.S. dollars) in 2018. Some Western commentators have hyped up the slowdown, saying China may hit a new bottom. They've been skeptical of the Chinese economy all along, but are they finally striking the right note? What are the factors behind the cooling of China’s economic growth? How will China adjust its economic policies?
This episode’s guests include John Gong, professor of economics at the University of International Business and Economics in the Beijing studio; Brandon Blackburn-Dwyer, president of Grasshopper Group Inc. in Philadelphia; Ralph Winnie, director of the China Program at the Eurasian Business Coalition in Washington, D.C.; and Daniel Gros, director of Centre for European Policy Studies in Brussels.

Subscribe to us on YouTube: https://goo.gl/lP12gA

Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn...

Download our APP on Google Play (Android): https://play.google.com/store/apps/de...

Follow us on:

Website: https://www.cgtn.com/
Facebook: https://www.facebook.com/ChinaGlobalT...
Instagram: https://www.instagram.com/cgtn/?hl=zh-cn
Twitter: https://twitter.com/CGTNOfficial
Pinterest: https://www.pinterest.com/CGTNOfficial/
Tumblr: http://cctvnews.tumblr.com/
Weibo: http://weibo.com/cctvnewsbeijing
Tiktok: https://m.tiktok.com/h5/share/usr/659...
Douyin: https://www.youtube.com/redirect?q=ht...
Category
News & Politics
121 Comments
 Auggie Giuseppe
Add a public comment...
Pastor Hass
Pastor Hass
1 day ago (edited)
I just want to say two things, MS. Liu Xin.
First, if and when China shifts to new economic policies, I think it should be in steps with what Chinese people need, & their economic stamina, not in steps with these greedy foreign investors. (Of course, they demand China to change to their greeds & needs.)  But China exists for Chinese people, not for these foreign investors.  These ugly hyenas think they can shamelessly demand China to change to their needs, because that's how they've been working with Washington DC, lobbying politicians.
Contrary to those ignorant American commentators,  China's economic development has been very different from that of the US.  The two has walked two very different paths.  These American pundits are the main culprits who have been blindly leading America to the cliff.  So, no matter how sound they make their arguments, these only amount to the last standing pride of bunch of losers.

6


yu
yu
1 day ago
China's economy is maturing to be more correct

13


TYTY
TYTY
1 day ago
Best Wishes to China 🙏 Asia is with you Asia together ❤️

14


Shamim Ali Ansari
Shamim Ali Ansari
1 day ago
Those western fake news have been painting a negative picture of China's economy since birth lmfao. China's growing every year for the past 40 years

23


Shinji Kataoka
Shinji Kataoka
1 day ago (edited)
Haters gonna hate China. And the U.S. and the rest of the western world countries are no better. The U.S. can talk the talk, but not walk the talk.

17


sajid hossain
sajid hossain
1 day ago
After 40 yr correction would happen in economy... So its natural to be slow. Its shows heLthy e onomy.

5


Grozny
Grozny
1 day ago
Listen guys all the negative comments here are just from one Indian old man from Singapore with his multiple fake accounts. Just one!

12


SPZ Aruba
SPZ Aruba
1 day ago
It's not in trouble, but it is a large and diverse economy now. If the country does not learn higher level integrated economics, then business as usual will slowly choke the market over time.

4


Peter
Peter
1 day ago
Any country would love to have a 6.6 percent grow rate.

7


Loiky Meiki
Loiky Meiki
1 day ago
Xi Jinping is great leader of the world

5


Kung Fu
Kung Fu
19 hours ago
I am one with China.. 🙏  Asia for Asians 🎉 from your southeast neighbor, Philippines

4


PEACE & RESPECT
PEACE & RESPECT
1 day ago
Starting trade war is a terrorist act.

4


tengo hambre
tengo hambre
1 day ago
China won't slow down as long as big U.S Companies like Apple keeps feeding their growth. It's just a ruse so stop dreaming China-hating people.

2


3nien
3nien
19 hours ago
Replace all US companies in China with Chinese own companies.  Replace Starbucks, replace McDonald’s replace KFC, replace Walmart, ..

1


marcello gonzato
marcello gonzato
1 day ago
GDP grew 6.6 , what the trouble is ?  Only India is growing better in the world.

2


hoonsiew yeo
hoonsiew yeo
14 hours ago (edited)
Who are the commenters with pessimistic view of CHINA's economic growth instead of relying on the factors from country's original.
Simple answer: these commenters have HATE and JEALOUSY towards CHINA - one country that has capabilities to beat theirs; they are not solely media associated but from universities, forum stages, monetary investment associations, etc with their particular indulgence for publicity and secret intentions to procure "gain" or "loss".
Don't be surprised or shocked that such presentation of "pessimist views" is instigated by Pentagon in associated with US FED to influence WALL STREET as well to influence the rest of the world in order to manipulate the value of US$!!!! SIMPLE AND EASY EQUATION.
America had and still is relying on this fantasy for. years for its survival.
Also, America has its "illness" to blame others for its shortcomings - just how it started trade tensions, sanctions, by its mad dog president.

1


William Tan
William Tan
14 hours ago
The whole world has slowed down. Natural it affects China too. Most importantly numbers alone isn't the main issue but the targeted improvements to all strata of society. Over heated economies are actually bad for the 90% but only good for the 10%. Slowing things down is good for humanity for sustainable growth

1


Kevin Lau
Kevin Lau
20 hours ago
China is doing fine

1


draken761
draken761
1 day ago
Chinese people R well known as good money savers! So China will have money saved for bad times!

8


Nettle Boyss Sunvanbeen
Nettle Boyss Sunvanbeen
1 day ago
Yes , China is going back to the 1980s . Enough ripping off USA . Now go back to poor China.

4


Xi Jinping
Xi Jinping
1 day ago
Thanks to the US for todays’s China. Now let impose more tariff to since the current does not hurt. Also US companies needs to relocate to another country like Taiwan. 😝

3


Steven Low
Steven Low
1 day ago
With a 1 child policy having 1.4 billion population now with a 2 child policy base at 10% =140 million × a decade it will double the population 2.8 billion do u think china is looking back at its 5000 yrs history no.its looking ahead of one century advancement on its future double digit population which country u thinks can compete with china head on.base on its volume in principal.

1


Les Elhbr
Les Elhbr
1 day ago
Let do this Europe and USA and Asia Australia New Zealand get together and stop trading with China what happen to China they go bankrupt in 2 weeks this is the only way to destroy China with out a war  👍👍👏👏👍👍👏👍👌👌🤝🤝🥰🥰

2


News Muse
News Muse
1 day ago
China's major concerns, corruption in government and in corporations.

1


ROBIN WILTON
ROBIN WILTON
1 day ago
China threatened to sink 2 USA Aircraft carriers. Nuke China Nuke China Nuke China Nuke China Nuke China Nuke China Nuke 🚀🚀💥💥🔥🔥⚰⚰🌭🌭🖕👳🖕👳

2


Raghvendra pratap Singh
Raghvendra pratap Singh
1 day ago
Indian economy in 2019 gdp 7.4 percent

1


FIDEL SANCHEZ MARTIN
FIDEL SANCHEZ MARTIN
1 day ago
es un problema pagar youtuve o otros por no pagar taxes a sus pais



Tuan Anh Pham
Tuan Anh Pham
12 hours ago
YouTube is banned in China but they’ll try this propaganda on YouTube



James Billy
James Billy
22 hours ago
Well, if you don't like 6.6 percentage growth, give it to America. With such growth rate, we will bomb the entire world year round.



Pavan Gupta
Pavan Gupta
26 minutes ago (edited)
Hu Jintao was a smart leader. Most of China's growth came under his watch. He facilitated China's growth by stealth. The world gave China a free ride at the expense of other developing countries. Xi Jinping is a different ball game. The world saw his pretentious swagger and started waking up to emerging reality. Donal Trump is not really the disrupter that people make him out to be. This trade dispute was long time coming and Trump is only the manifestation. If China does not wise up quickly, a 4% GDP growth next decade would be very attractive. All this pussy footing is not going to help anybody. It is time China starts behaving like a developing economy.



Sushi Jam
Sushi Jam
1 day ago
They do it because they need the diversion desperately



Muhammad Ali Aziz
Muhammad Ali Aziz
12 hours ago
China's pace of reform appears to be going into foot-dragging mode as economic growth slows down. The Belt and Road Initiative might be a  stop-gap arrangement to stimulate growth,  but what happens after the infrastructure projects are completed? : China will be back to square one. While softening of growth seems to be cyclical , China sectoral growth cannot continue its economic boom in isolation of slowing global markets, its trade war with Trump, and its diplomatic snafus: tit-for-tat detaining of Canadian citizens doing business in China-are further muddling the situation and tarnishing China's positive image abroad.



Aud ience
Aud ience
19 hours ago (edited)
China's gdp in 2017 was 82.7 trillions yuan and in 2018 is 90.03 trillions yuan. The actual growth is (90.03-82.7)/82.7 =8.86%.  China is giving it as 6.6% gdp growth probably because the revised 90.03 trillions yuan  includes previously not counted but now matured industries. This happen in 2014 and earlier too in a 5 years cycle.



Leonard Wong
Leonard Wong
9 hours ago
Nonsense.... China will do perfectly well. Competition is good for China.
It will better care for it's citizens n not take them for granted. Most Chinese citizens are cowed into silence n have no choice. A culture is only worth as much as the way they treat their people.



FIDEL SANCHEZ MARTIN
FIDEL SANCHEZ MARTIN
9 hours ago
RECOJO MI DINERO E INVERSION



MyChinaMan 1950
MyChinaMan 1950
3 hours ago
Professor Gong is correct, don't over adjust to stimulate the economy and leave some room for the next cycle. I may also add that don't over invest and invest at a manageable speed.



Michael Kranyak
Michael Kranyak
5 hours ago
Maturing or tanking?



TWO CENTS ARMY
TWO CENTS ARMY
13 hours ago
When they get kicked out of WTO yes will have go back to eating there pets Hopefully they can stop lying about everything soon. before that happens Also need a better firewall of china the current one is defective all kinds of chinese escaping out.



Lam Tong
Lam Tong
12 hours ago
China will collapse soon China producing unhealthy production fake foods this levels Taiwan Japan products better quality then China you tin products like sardine your products full of worm's germs unhealthy foods greedy manufacturer unhealthy foods products all come to ends



legal eagle
legal eagle
1 day ago (edited)
We must work on increasing china basis food cost by 30 % for the people.



David Hynes
David Hynes
2 hours ago
This goes to show you China needs the USA, I hope the US never trades with China anymore, Go Trump Go.



Kay y. Hong
Kay y. Hong
5 hours ago
America brags about its 3% economic growth, but isn't 6% twice as big as 3%?



gypsydanger
gypsydanger
11 hours ago
Lol no one believes China’s numbers.