China's International Debt Crisis

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If you owe the bank $50k and you can't pay, you have a problem. If you owe the bank a billion and you can't pay, the bank has a problem.

You always have the most straightforward cut to the chase content of anybody from the finance world thank you for doing this

Watching Patrick Boyle is a lot more informative than Watching Bloomberg, The Economist and other mainstream outlets!

Slavery part I can confirm, in my hometown in Serbia one big Chinese factory is built by Vietnamese workers who don't get regularly paid and their passports are held by managers. There are NGOs who try to help by donating food and clothes to the workers. Quite embarrassing situation for any civilized country...

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated.If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

There's certainly a slowdown inside China as consumption drops. After four years here, I've noticed the change. Many Westerners have left and there is a surplus of excellent Chinese graduates around. Salaries are lower, getting jobs or changing jobs is difficult but, oddly enough, education is still in demand.

I just love the way Patrick presents his analysis on whatever he's reviewing. It's like Walter Cronkite. Here are the facts, do with it as you will. Love his videos. The Musk Twitter one is still one of my faves.

Thanks Patrick. Do you think the financial situation in China will have a ripple effect on the west, considering their financial system is starting to show signs of a major collapse?

Best financial YouTuber by far. Thank you for sharing your knowledge

Patrick is one of my favourite presenters of finance & economics. Despite being experienced in international finance, I find I still have a lot to learn from Patrick. Great job.

What a fantastic and well-balanced analysis. I have seen hour-long documentaries about the Belt and Road Initiative that were not nearly as informative as this 20-minute video. Subscribed.

Wow, an extremely non bias report that focus on facts and numbers! This is why Patrick is the best financial analysis youtuber!

Then there's the internal debt crisis.

With the rate of inflation ravaging Russia and the world at large, the economy is heading towards a severe recession and The best way to find that balance between saving and living is employing the services of a professional.

China loans themselves are not bad but somehow they seem to be giving more and more loans only to countries where the govt is corrupt or weak. A govt which doesn't question projects that in no way help the local economy is surely not a viable one and certainly not looking after its economy properly.

Patrick's analysis always make me want to open up the trading terminal, and drop a few million in collateral debt put option writes. But I don't have a few million, and I don't know anything about finance.

Patrick, thank you. Your content is an oasis of level headed analysis without any clickbait and sensationalism, which I really appreciate. I'm sure most of your viewers are on the same opinion. I'm an OG subscriber of Tom Nash whose content I also enjoy but lately he has been using clickbait so much that I got bad news fatigue and stopped watching altogether. Once again, thank you for your straight to the point analysis.

I guess one of the big differences between the Marshall Plan and the Belt & Road initiative, is the Operating System (culture) of the developers and the beneficiaries. In the case of the Marshal Plan, the main beneficiaries were Europe and Japan, both places with an Operating System privileging hard work and education, at the same time the US Operating System at that time also matched that of the beneficiaries (at least in some critical points). Nor should we forget that the beneficiaries had to start from scratch, which, terrible as it may seem, sometimes makes the reconstruction process easier (sometimes trying to modify what already exists is much more complicated). In the case of the Belt&Road initiative, I am not so sure that the Plan Marshal's context is matched, the beneficiary countries are more heterogeneous, and many of them start from a bad base to really absorb the benefits of the aid (which of course is not altruistic - it never is, but that doesn't mean it's automatically harmful-). In my opinion, the lack of transfer of skills is a symptom of this situation. In the case of the Marshal Plan, the beneficiaries were already an educated population, therefore the transfer of skills was relatively simpler. At the same time, China is a very different country from the USA, and I have my doubts that its culture is "easily" exportable. With this I do not mean that the Chinese initiative is going to fail, but the conditions from which it starts are very different from those of the Marshal Plan, and at the same time that it is much more ambitious in a much more complicated geopolitical context ... let's say that the Chinese are playing a very difficult match ..

Excited to see financial analysis on this topic, everywhere else I just see politics and propaganda. Very concerned that financial insolvency in China will ripple out in a 2008-esque fashion.