China’s Crumbling Economic Story

Go to our sponsor to get 10% off your first month, and talk to a licensed therapist today. Deng Xiaoping’s reforms in the 80s transformed Shenzhen, a small town near Hong Kong, into an economic powerhouse. China’s rapid growth lifted millions from poverty but did it grow too quickly to be sustainable? Now China faces deflation, and experts are worried that this could spell the end of the economic miracle. This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: Enjoyed the video? Comment below! 💬 ⭑ Enjoyed? Hit the like button! 👍 Check out our second channel Economics Explained Essentials → @economicsexplainedessentia551 ✉️ Business Enquiries → hello@ 🎧 Listen to EE on Spotify! 👉 Also on Apple Podcasts or anywhere else you listen! Follow EE on social media: Twitter 🐦 → Facebook → Instagram → TikTok → @economicsexplained #EconomicsExplained #chinaeconomy #betterhelp ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: 👑 ROYALTY CLASS 👑 Juan Benet ELITE CLASS Charles Youngs UPPER CLASS Jeromy Johnson UPPER MIDDLE CLASS Wendover Productions, Igor Bazarny, Andrew Harrison, Paul Ashworth, Laor Glukhovsky, Kib Bibens-LeFebvre, Post Apocalyptic In Missouri, Brett Jubinville, JKH, Anthony Roberts, jill hoffman, Nathan Ngumi, Forodon, Michael Ling, Sophie G, Frank Soltero, Grégoire Duchêne, Jay Eno, David Poliakoff, Stephanie Roth, Peter Wesselius, std__mpa, Pineapples&bricks, Adrian Bellomo, Rory Struthers. MIDDLE CLASS Steffen Lindner, Hayden van Reyswoud, John C, Donald Wedington, Demo sthenes, Rimvydas, John Downie, Sridev, Matt McKee, Victor T., Andrew Vinnichenko, Zachary Kasow, Johannes, Nigel Pauli, Jacob, Pedro Brito, Marton Szasz, Travis Thompson, Matthew Eggleston, Michael Kürbis, Anthony, Trevor, Marcel Roquette, Daniel Hall, John D Tyler, Petronio Coelho, Kevin MacIntyre, Craig Mews, Jonathan Krailler, Franklin, PM, Jack Annear, michael, Connor Costello, Reuben Field, Siegfried Eggl, How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!, Will, Andrey Kalganov, David Taylor, Scott Greenwood, Jane Walerud, Simon Sturmer, Zachary Demko, Michael Wolff, Ed, Daniel Alberto Vázquez Rodríguez, Kamil Sicinski, Dodd Willingham, David McIlveen, Arend Peter Castelein, Kent Klatchuk, Hugh Harris, David W., Chris Hawkins, Robert Nyborg, Leo Vassershteyn, Kheng Lai Tan, Roman~1, Wesley Fite, Zac Woodrell, Michael D. Hall, Randy Cleary, Long Phan, Liubov Zvereva, AB3, Karan Mehta, Arjan, Marton Csikos, Alex, Justin Smith, Wees Kendall, John Issitt, Eric Slimko, Empyre18, Brian Jackson, Istvan P, Joe Ryan, Patrick Staight, Shane Guthrie, Elisabeth Stanfield, Joshua White, Andrew Baartz, Ash, Abel, Kim Brand, Ted Marcy, Jim Kirker, roGER, Leonid Sorokoumov, Nicholas Luchetta, Kenneth Lum, Thomas Davenport, Robert Abraham, Ps0Fa, Klaus Clemens, Derrick Yowell, BUBBA CONWAY, Seth, Alex Wong, Jamie Costello, Rick Van Velden, Bacongravy, Leah Klearman, Jason, Tenebrion, Dragan Alexandru, Vladimir Zotov, Brian, Chris, DionysusLin, William Sherlock, Justin Thiele, Gerhardus.