BROADCASTS.com

In the past ten years, the Chinese economy no longer grows at double digits. China's economic difficulties are caused by external input. The fundamental reason is that globalization has experienced a structural crisis after the global financial crisis in 2008. The new economic environment was difficult for all countries. Fortunately, China has not followed the footsteps of the United States of printing money and high debt. We will discuss how China began to explore and is on a new and correct path of innovation driven economy.

The golden age of globalization with close cooperation between China and the United States was over in 2009, and the model of Chinese production and Western consumption are gone forever. The export-oriented economy is unsustainable, and the horse that had originally pulled the Chinese economy's carriage whistling forward was exhausted. If the horse, meaning export growth is gone, the power of the carriage is also gone. How can the carriage continue to move forward? This is the cause and root cause of a series of problems in the Chinese economy in the past ten years.

Will the reform and transformation of the Chinese economy succeed? Although the challenge is great, from the current situation, the economic hard landing has been controlled. This shows that the economy is moving in a safe direction, as long as the direction is correct, even if the speed is slower, it does not matter much.

Although the current path of China's economic reform is the coexistence of challenges and opportunities, structural adjustment, innovation-driven, technology and efficiency upgrades, these are the seeds and hopes sowed for the future.

China Explained will show you that because of China’s continued success in industrial upgrading, technological innovation and realizing its huge potential, it is an unstoppable process. The inevitable rise of China may feel intimidating and some simply reject it. Don’t be. More importantly, we will answer the million-dollar question: how can you, as an individual or a small business owner, also profit from the rise of China ?

Creating original content is hard work, your support is what keeps us going. Please donate to this channel: paypal.me/ChinaExplained