<With Teacher Issue PICK> Fall or revival – What will the Chinese economy be like in the post-Biden era?

2024-10-05 04:41:05

Currently, China's economy is facing its greatest crisis since reform and opening up 40 years ago, and the pressure of US sanctions against China is increasing.

Second fact check, ‘Are wealthy Chinese people leaving China in an economic crisis?’

Director Jeon answered that this too was not true. It is true that overseas migration of wealthy Chinese has increased, but in terms of ratio to population, China ranks fourth after the UK, Korea, and Taiwan.

In the third fact check, ‘Does high youth unemployment mean a crisis for the Chinese economy?’, Director Jeon broke the expectations of everyone on the panel and brought out X.

The final fact check that all the panelists were confident would be correct, Director Jeon's answer to 'Is China currently in a serious crisis due to government debt?' is △.

Director Jeon said that although it is not a direct crisis, there is a chaotic situation in China's economy, and it is the Chinese government's mistakes that have caused this economic crisis.

Ultimately, in a situation where a long-term recession was at risk, the Chinese government changed its economic policy and abolished all regulations on real estate and platform companies.

Director Jeon said that the economic policies that the Chinese government will focus on in the future are 'new quality production capacity' and 'high quality technology.'

Director Jeon aroused the curiosity of the panelists by saying, “This is a situation where an abnormal signal is ringing for Korean companies that have made enormous profits in the Chinese market over the past decades.”

Regarding this, Director Jeon said, "It would be correct to see that while Chinese companies are competing with the world's top 500 companies and making rapid progress, Korean companies that cannot maintain manufacturing competitiveness are being pushed out of the Chinese market."

 

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