Closer Look: U.S. Economist's Views on Chinese Economy

CA 7 CGTN is funded in whole or in part by the Chinese government. Wikipedia Closer Look: U.S. Economist's Views on Chinese Economy 14,768 views Aug 11, 2021 429 12 Share Save CGTN 2.52M subscribers For more: https://www.cgtn.com/video How is China's economy doing? Let's look at the latest data. In July, China's inflation, measured by the Consumer Price Index or CPI, rose by one percent year on year. Rising CPI traditionally suggests worsening inflation. Meanwhile, on the trade side, export growth slowed in July to a 19.3-percent growth rate, which is attributed to the Delta-led resurgence of COVID-19 cases worldwide. So what's the outlook on the Chinese economy for the rest of 2021? Tian Wei asked Michael Pettis, a well-respected American economist, at his hutong office in the heart of Beijing. 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... 85 Comments Auggie Giuseppe Add a public comment... Truth Prevails Truth Prevails 3 days ago Dear Tian Wei, The dual circulation strategy is a game changer. As rural China continues to develop and grow plus the urbanisation also continuing, growth is going to happen at a good pace for a long time. Don't worry 28 Pahat pahat Pahat pahat 3 days ago Looking at the rural progress of China, I believe this is the greatest achievement of all the developments undertaken by China. In most developing economies, the rural areas do not progress fast enough because of poor logistics connectivity thus affecting their produce delivery at the city and it looks like China has been able to overcome this connectivity. It is common that rural folks often suffer when their produces are unable to reach the market in time. It is certainly a win-win scenario between the workers in the city and the farmers from the rural area. 28 Isengaja Isengaja 3 days ago The most favorable reporters: Larry king, max keiser, Julian Assange, Rick Sanchez, Tian Wei. 23 Wishful Guy Wishful Guy 3 days ago China is focusing on its domestic demand to spur Growth. Export growth will be easing down in the coming months. China still the only nation that achieved high growth compared to any nation. Even its FDI recorded double digit growth. 17 sunshine sun sunshine sun 3 days ago Good Insight into the Current Financial "movement' in China. Reasons of CCP carrying out SOCAILISM efforts and How these efforts are "going to Effect" the financail markets. 5 T L T L 3 days ago How could we possibly just focus on the investment part without heeding the political issues faced today. Absolute nonsense! 3 Len Len 3 days ago (edited) Next year, the countries that have fully vaccinated themselves will be able to have a good economic development. However, countries that are not vaccinated will have major problems. Companies that dependent on only one supply chain, factory, transport hub will have a big problems when outbreaks trigger a lockdown. To reduce the risk companies have increase their storage and diversities the supply chain. 3 Guomin Wang Guomin Wang 3 days ago Thank and support cpc leaders 😍🙏🏿👍💪 13 Peter Manuel Peter Manuel 3 days ago Interesting interview. Thanks. 6 Raymond Tay Raymond Tay 3 days ago Well done China Superpower Dragon. Built by China. 💪💪👍👍👏👏❤❤💯💯 11 Ric Seet Ric Seet 2 days ago (edited) I hope you are right about the positives outcome of Biden infrastructure turns out successful. But judging from past track records corrupt politicians will make the Rich Richer and with US typical snail speed the projects will get delayed rising cost. I hope I am wrong. 3 Ocean Breeze Ocean Breeze 3 days ago (edited) I have read a book by Mr. Pettis from 10 years ago. It seems his view on the prospect of Chinese economy has evolved quite a bit ng Redi ng Redi 2 days ago FOLLOW ME😉 https://bit.ly/2X2dFhr !💖🖤❤️#今後は気をライブ配信の再編ありがとうです！#この日のライブ配信は、#かならりやばかったですね！#１万人を超える人が見ていたも ん（#笑）#やっぱり人参最高！#まさかのカメラ切り忘れでやら1かしたのもドキドキでした #今後は気をライブ配信の再編ありがとうです！ #この日のライブ配信は、 #かならりやばかったですね！ #１万人を超える人が見ていたもん（ #笑） #やっぱり人参最高！ #まさかのカメラ切り忘れでやら1かしたのもドキドキでした #垃圾 woodensurfer woodensurfer 23 hours ago It may not be a matter of equality; it may be that the private educational companies are often fraudulent and ineffective, and the whole idea does not lead to better human development in China. The preference of the parents may not be best for the children--China has a strong and effective government.