China Economy Crisis: कोविड (Covid 19) के बाद से चीन की गिरती अर्थव्यवस्था (China Economy) के बुरे दौर अभी खत्म नहीं हुए हैं. चीन का रियल एस्टटे (Real Estate) अभी भी बुरे दौर से गुजर रहा है. रियल एस्टेट की मंदी (Recession) ने बैंकिंग सेक्टर (Banking Sector) को अपनी चपेट में लेना शुरू कर दिया है. China Economy Crisis
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NewsTranscript
00:00China's real estate is still going through a bad time, and the real estate market has
00:07also begun to get its grip on the banking sector.
00:13China has not been able to hide its images from the world when a huge crowd of people
00:19gathered outside the banks to withdraw money.
00:21China's economy is going through such a bad time that people's ability to buy is
00:26getting worse and worse.
00:27The fact is that unemployment has reached its peak.
00:30China's aging population is becoming a big challenge for it, while the numbers that
00:35have come out of inflation are increasing people's worries.
00:38So what is going on in China's economy, let's know in the video.
00:43In fact, China had set a target of inflation of 2% for 2025, which is less than the previous
00:503% target.
00:51This shows that the second largest economy in the world is struggling with the pressure
00:58of deflation.
00:59For the past two years, the CPI has been made only 0.2%, which shows the heavy shortage
01:06of demand in the economy.
01:08In China, inflation at the factory level has also been in decline for 29 months in a row.
01:14However, the producer price index, i.e. the decline of PPI, decreased from minus 2.3%
01:20to minus 2.2% in February, which shows that the decline has slowed a little.
01:27China's exporter price index has fallen below zero for the first time in 13 months.
01:32These figures show that there is a decline in China's economy.
01:36According to figures issued by the Chinese government, the exporter price index in February
01:42fell by 0.7% on an annual basis.
01:45However, it was reported that the exporter price index, i.e. CPI, fell by 0.4%, but the
01:53actual decline was more.
01:55Retail inflation has fallen below zero for the first time in 13 months.
01:59Now, what is the effect on its economy?
02:01So see, going below zero of inflation is not a good sign for any country.
02:06It is called deflation, and due to deflation, it has a negative effect on the economy.
02:12As a result, people's ability to spend is decreasing, debt is increasing, unemployment
02:18is increasing.
02:19These figures show that the world's second largest economy is struggling with the pressure
02:24of deflation.
02:25Due to deflation, the economy is in dire need of demand.
02:29The lack of demand means that it is directly affecting the economy.
02:34China, which is showing the world its strength, is not able to handle its economy.
02:39But now the question is, why has this deflation come?
02:43Why is there a decline?
02:44So there is a decline due to two factors.
02:46In this, the statistician Dong Lizuan of the Government Bureau of Statistics has said
02:52that this time the Lunar New Year came early, and in addition, other factors have also contributed
02:58to the decline in prices in February.
03:00The first is that the better weather has increased agriculture, which has reduced the price of
03:06cars, and the second is that vehicle manufacturers have increased publicity to increase sales,
03:11which has reduced the prices of new cars.
03:13The Bureau of Statistics said that the producer price index, which measured the price of things,
03:19fell by 2.2% in February.
03:21Now in this, there is hope from March.
03:24Experts believe that there will be more clarity in March regarding China's inflation.
03:29Because investors would like to see how much the government's stimulus policies are increasing
03:34domestic demand.
03:35China has been in a period of decline in prices for the longest time since the 1960s due to
03:40weak expenses and real estate crisis.
03:42So the decline in China is not due to inflation, but it is due to the decline of inflation,
03:48which is not good for the economy there.
03:51China is the second largest economy in the world, and in this case, it is not a good
03:57sign for the country to fight deflation.
04:00That's all in this video.
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04:02Do tell by commenting.
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