Name: 中國經濟是否處於崩潰邊緣？ (Is China's Economy On The Verge Of Collapse?)
Uploaded: 2021-01-14T05:36:45.000Z
Duration: 2 min 58 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

情態副詞

China is the world’s most populous country, and its economy is second only to the United

轉承詞

States’. But despite these indicators of a prosperous future, China has several looming

problems ahead: a stagnate economy, a shrinking workforce, and a growing elderly population.

So is the “Sleeping Giant” on the verge of a dangerous economic collapse? What’s

Since the 1970s, China has instituted a “one-child” only policy. This was to help cope with poverty

problems caused by overpopulation. However, a side effect is that today there are fewer

young people to take care of a massive aging generation. In Shanghai, one expert believes

that in five years, a third of the city’s residents will be over the age of 59. With

a smaller working age population, the workforce is slowly shrinking.

China’s economy has also suffered in recent years. In 2008, their part in the global recession

was coupled with a massive earthquake. In response to those crises, the government instituted

federal work programs, and housing projects. Those stimulated growth, but also came with

their own problems. Today the surplus of housing is causing property prices to drop, and the

housing market is, quote, “comatose”. This is especially dangerous as some economists

estimate that China’s real estate industry accounts for about 20% of their national GDP.

Additionally, the Chinese banking system is in need of some policy changes, and is often

secretive. According to the International Monetary Fund, “off-balance sheet activities”

and “informal credit markets” have made China’s financial sector vulnerable. Their

report called for increased oversight and transparency into the “shadow banking”

world. The Brookings Institution reported that in 2013, shadow banking accounted for

The country’s growth has slowed to its weakest point in 24 years - 7.4% in 2014. Consumer

confidence is weak, and municipal debts remain “dangerously high”, according to experts.

Currently, one American consulting firm estimated that China’s debt to GDP ratio is at 282%.

Many agree that China is in danger of a major economic setback. Economists note that, in

order for their recovery to be less painful, their economic woes must be addressed as soon

as possible. Despite their status as a wealthy superpower, China will face major unavoidable

China isn’t the only country with a lot of debt. To learn about the situation in the

United States, take a look at our video here. Thanks for watching TestTube News, please

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