that sounds and that's it from me and the news team for now don't go way up. next is the business house. shyness. economics slow down is rippling across. i've got altos in berlin from me, and the whole news team here. my name is the calls back. say thank you so much for joining in. welcome to don't hold bad. a lot of people do that. it's all about saying it aloud. that's what it being nosy bay like good. everyone to king. you're healthy award winning called called the called back. this is the story of china is historic economic slowdown and will the end of its decades on the means for the rest of asia. the most economic region of the global

economy making that happens in china as a really very large inbox in the rest of the space. yeah, i think the region has every reason to be deeply concerned about the outlook for china as growth. in this video, we'll look at how china slow down is transforming agency economic playbook and say it from the people. right? saying it's next chops up. it was a combination of china slowing down and south east asia rise enough that that you know creek on me to ask myself. so why don't i just go to the next frontier. also, we'll assess how us trying to competition is complicating badging. economic was as to your political tensions lodge over the region, having to take sides, having to declare that their support for either china or for the us now does in my commission, i am finally with law square. the badging is handling of its downtime. it's thomas

street, china's economic reputation. that's when coming up on business beyond to understand the situation facing agent today, we need to briefly look back at out china. i became a lynch pen of economic growth across this region. in the late 19 seventy's, china is the the dump shopping inbox on radical reforms to the country's economy. he threw open the doors to foreign trade and investments. and in doing so, transformed the lives of chinese citizens. since the late 19 seventy's, china is g d, p per capita has sewage from just $300.00 us dollars to maybe $13000.00 today. lifting hundreds of millions out of poverty in the process. by 2018, the countries middle costs of balloons over 700000000 people. some full costs expected to expand to 1200000000 by 2027. the impact of china is rapid

growth wasn't confined to just explode as many of the ships leaving this port in northern taiwan. a destin for china and taiwan was one economy of many across asia been read. the benefits of china is economic a sense, those benefits came in 3 main ways, trade investments, and eventually towards the 1st let's look at trade. china as population in cities, but we're ready swelling by the ton of the century. but china's accession to the world trade organization in 2001 tonne, the country into a trading chunk of notes. each economy shown here now counts china is the largest trading partner from mongolia in the north, all the way to malaysia in the south. that's maybe a full house around the region, a china a laptop ever think china tracing economic like china, 3 bit commodity people to also help. i'll keep the ship export badging became the biggest buy evans and you just called and palm oil. and the top expo destination of

electronics made in south korea and taiwan. if you either look at the ion of pay, what i mean china has been this thing that has happened to them in terms of, you know, their economic, a transformation towards the unexplored driven economy. the 2nd pillar of china is economic power is outward investments. as a chinese economy expanded is companies as well as its government became bolder. mine has started to become an important outbound direct investor for countries in the region. i was trying these firms are set up operations on throughout the south east asia. decisions media is new, $7000000000.00 high speed rail. the countries 1st began o pricing and i'll tell you, but it's main funder. china is bouncing road initiative over the past decades. the flagship policy of chinese president eugene paying his pump hundreds of billions of dollars into transport networks like these across asia,

funding infrastructure. but some say buying instruments to on the final side to is towards it as china is economy to call. so 2 digits, people with millions of chinese spending, you found disposable income on overseas travel in asia, which they are moving to the chinese tourists are our main customers. so the modem area or the to the full depends on a kids china reload and accounted for a 5th of worldwide tours and spending the young trade. we also have to sync up a tourism that i'm in the transformation of talent, massachusetts and center is very much china centric. even even japan, for that matter, increasingly decades of residential gratian mean china is economic for students to become intertwined with ations. so much so then the, i'm at $58.00 said one percent boost in china is gdp contributed to at least 0.3 percent growth across the entire region. but this is the foundation of time as you

can on the engine a page to crack. we begin with china's struggling property market and the risk it poses 2 economies around the world. a series of recent figures suggest that the world's 2nd largest economy is struggling to reboot tests, or it's content making choose to slow down, right? so trying to, you know, thank you, you know, to go every one was concluding that the 2023 would be the order of the great china comic of bible books. instead it became the china is entirely a model of dep. fuel grows, run out of steam, the economy is now teetering under the weight of a creaking profit, t markets and collapse, consume it to months. and all that undermines paging long term growth emissions to in the 2023 asia power index, published by the low institutes and australia and thing tank. the united states has rang to the top superpower in asia. china beach help the us and the measures for each know, make relationships which measures the leverage

a country connects the size of others through economic ties. badging doesn't even feature in the top 5 for defense networks which gauges the strength of defense partnerships in the region. we've never dealt with this kind of stupid rivalry before having this huge great power so clearly focused on its economic development rather than its security. posture in the region was a big source of stability. and, and the experts worried that the change in china is economic stature. could upset stop by o as it tries to use nationalism to mobilize people to absolve the, the, the economic hits it may actually take it even more for making sense in this neighborhood. so the economic picture. uh, yeah,

spills over into the security picture and something has to give in my view. in the next 5 or 10 years, i think they will come a time very soon run chinese leadership and the us leadership prove them on support and religion. in some areas, the balance is already shifting across asia supply chains with spencer and even before we're trying to slow down. so calls, i mean concerns about over reliance on badging, you know, type of washington strength. simple reading, sweeping export controls on the semi conductance testing to china. over phase the most advanced trips to be used by china is made the tree. in essence, what we're seeing is a reconfiguration of the way that investments and trade works. and chief among those assets to untangle china rooted supply chains is a trend of friends showing. that's where a company, for example, a us company previously based in china, moves operations to a country, considered a political allies like japan. but it's not on the main trading. so many asian

economies, the movement also china also presents potential, especially after dinner of china plus one. in which western side korea or japanese companies have been desperately looking for a bank to china. so that's pretty easy or difficult bracket page is emerging markets such as in the highlands, yet now they need donations. they are seeking to explore more of what needs to be done. the plus one, brian yang, a tie when you use digital entrepreneur embodies this trends. you were tons of taiwan in 2019, often nearly a decade in china, skeptical the country's economic growth miracle would last much longer. as a result, it's not china where he's a marketing company is expanded. he's a new set of discrimination entertainments it upfront. right?

so instead of agency last year, so bryan, investing in china no longer felt like a safe bets is always all balanced in the reset of the war and maximizing your opportunity. but i try to control the downside risk. but right now the dollar sign looks no, but the fuss, unless an upside is quite limited. in contrast, brian so ample opportunity in southeast asia, the region has a young population in the hundreds of millions. and while g d. p per capita stick is a low with ads and china. there's room for explosive growth and is potential that brian sees and the people he high is that all of them feel us optimistic about the on future as i felt 10 years ago found a tech walker. i knew in china i have failed those kind of affinity advice for that case. but only this time, i feel that in jakarta, in which, in any city in bangkok,

in get them for this, why your experience in china, china is obviously the well, the 2nd largest economy has the middle cost of hundreds of millions of people. what would it take for china to become an attractive prospect's again for you? i think the make up, you know, the medical economy need to improve because people need to feel costs for this to span again. nobody want to be the 1st, a guide. chunk back in despite the very fact that the local authority, they come up with a lot of incentive, but no one was taking a bike to a trunks business back. china recently offered new tax incentives for foreign companies and streamlined to visa processes for their employees. but with national security now routine trumping economic sense. some critics say it's too little, too late. we've seen rains on accounting firms on consulting firms that help with

compliance for companies that cross the restriction. so who this and so i think he was the national security concerns. i mean, to say that they have less than what we're looking to plan for it and make longer lessons. and that's some, some she has quotes for an investment into china. so promised to its lowest level in 25 years kind of thing kind of because we're on the slow down as we are sending today. this is a direct stories out due to president decision piece of policy and use the steps saying things came to power. and so trying to slow down his target, big questions about the stewardship of the world's 2nd largest economy, and whether in the eyes of other asian lead is china's economic growth model has lost its shine. i think for a long time, people thought that the chinese economy was different was successful, but i think mentally it's not as like any other economy. many economies, especially emerging market, would have think that or haven't been thinking that list is the model to,

to follow. we're in a new year and now we're not only are the old numbers lower, but our confidence level that agent can have it the way they want that changes to and i think that's really profound in terms of what fx that wow, i'm on g o. economic thinking, geo political thinking perceptions of the chinese model, how other countries intend to to pursue growth for themselves as well will probably change as a result of this, of the status of this video. we also talked china's economic slowed down will impact its way on the rest of asia, the experts we supposed to say the china story isn't over yet. on the shift size that the chinese economy means that can never be completely written off. china is the biggest market there, asia, so it's a good destination for import as well. so despite or the opportunity decide the lives of countries seeing there, they generally are also trying to push for more crowd where you forts to deal with

china. and you can get to china, but they do say going forward a slowing economy, you will transform. china is relationship to the rest of asia. in this region set to generate 2 thirds of global growth this year. short term pain could turn into a long time game. they didn't plan for slow down. and osh, they're not in a position to whether at our side step of the air, everyone is going to be affected, including certainly in asia, but further afield as well. but for those countries that are planning on or reorienting their supply chain lineman's, i think there's probably going to be a tremendous boom in medium term and long term opportunity. so for the rest of asia, including here in taiwan, it looks like the china slow down brings both the price but also potential that. so for this episode of business beyond, while you're here, you could check out one of the other videos like this one on whether the german economic model is broken until then take

a and see you next time. the funding mr. or mrs. wright is never easy. but we'll show you how german stores the traveling on the budget, will give you some work to see and do in proc aging as kind of go in france. why do the french love smile so much? the stories and more coming up on your right, max, the

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