the little i'm proposed and put out that today you're watching the jumping is live from bowling coming up. next is the company business looking at how time is economic slowdown is rippling across asia. i'll say, take care by the name is the calls back. said wow, thank you so much for joining in. welcome to don't hold the bad. a lot of people do that. it's all about saying it aloud. most would it be nosy bay like good everyone to king check out the award winning called called the callback. this is the story of china is historic economic slowdown on what the end of its decade. some means for the rest of asia, the most dynamic region of the global economy. anything that happens in china as

a really, very large influx 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 is slow down is transforming asians economic playbook, and say it from the people's rights and it's next chapter. he was a combination of china slowing down and southeast asia rise enough that that you know, take 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 do lodge over the region, having to take sides, having to declare that their support for either china or for the us. that is the nightmare scenario. i'm finally with law square. the agents handling of its downside is twana shooting. china's economic reputation that's

coming up on business beyond to, to understand the situation facing agent today, we need to briefly look back at south china. i became a lynch pen of economic growth across this region. in the late 19 seventy's, china is the the dump shopping in box 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 seventies, china is g d. p per capita, as sold 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 cost expects it 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, what already swelling by the time of the century. but china's accession to the world trade organization in 2001 ton, the country into a trading chunk 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, the china laptop ever think china is reason economic like china 3 but comedy people also. how can i can explore badging became the biggest buy events and you just called and palm while i'm the top expo destination of electronics made in south korea and taiwan. if you even look at the ion of taiwan,

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 the chinese economy expanded is companies, as well as its government became bolder. china has started to become an important outbound direct investor for countries in the region. i was trying to sponsor setup operations throughout the southeast asia. decisions me shes new 7000000000 dollar 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 ping has pumped 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 we are moving to the chinese tourists are our main customers. so the modem area to before the ponds. i'm a kids, china reload and accounted for a 5th of worldwide tours and spending the young trade. we also have to think up a tourism that i mean the transformation of talent that's a tourist center is very much china citrix, steven, steven japan for that matter. increasingly, decades of rapid integration mean china's economic force students have become intertwined with ations. so much so then the, i'm at 50 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 after its 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 yard of the great china comic of bible books. instead it became the china is entirely a model of debt. fuel grows, run out of steam, the economy is now teetering under the weights of a creaking property. markets collapse consume into months and all that undermines badging long term growth emissions to in the 2023 asia power index, published by the low institutes and australia and thing tank. the united states was ranked as the top superpower in asia. china based out 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 the experts worried that the change in china's economic stature could upset it's not valid at all as it tries to use nationalism to mobilize people to absolve the, the, the economic hits. it may actually take it even more towards meaning stats 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 proved them on support and religion, in some areas of 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 strengths simply reading, sweeping ex, pull controls on the semi conductance testing for china. over phase the most advanced trips to be used by china is made a treat. in essence, what we're seeing is a reconfiguration of, uh, the way that investments and trade works and chief among those assets. to untangle china rooted supply chains is a trend for insurance. 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 owned to main triggering from any asian

economies. the movement also, china also presents potential, especially after dinner of china plus one in which western korea or japanese companies have been desperately looking for a bank to china. so that's pretty easy or difficult recognize, i think, is emerging market searches in the highlands. now many doing the shot in the are seeking to explore more opportunities to be to the plus one. brian young, a tie when you use digital entrepreneur embodies this trend. 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 expanding. myisha is a new set of discrimination. enter china sort of flowed. 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 every war and maximize the new opportunity. but try to con, confirm the downside risk. but right now, the dollar sign looks no bus. the bus atlas, 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 cap just, it goes along with ads and china. there's room for explosive growth and is potential that brian sees and the people he hi is uh oh them feel us optimistic about their own future as i felt 10 years ago found a tech work a i knew in china, i have failed those kind of affinity of via for that case, but only this time i failed that in jakarta, in which in the city, in ben cock in get them for despite your experience in china,

china is obviously the well 2nd largest economy has the middle cost of hundreds of millions of people what would it take for china to become an attractive prospect again for you? i think in america, we know that in the macro economy need to improve because people need to feel costs of this to span again. nobody want to be the 1st a guide junk 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 range on accounting firms on consulting firms that help with compliance for companies that cost the restrictions. so this and so i think he was

a national security concerns. i need to say that they have less of a really good plan for it and make long goods home last year and that's sunsets. and she has quotes for an investment into china. so permits to its lowest level in 25 years kind of thing kind of slow down as we are sending today. this is a direct stories out due to president issues, even peace and policies. 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 eventually it's not just like any other economy. many economies, especially emerging market, would have think that or it hadn't even been here. 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 a to pursue growth for themselves as well will probably change as a result of this. i'm just off of this video. we also talk china is economic slowdown will impact its way on the rest of asia. the experts we spoke to say the china story isn't over yet. on the shift size of the chinese economy means it can never be completely written off. china is the biggest market there, asia, so it's a good destination squared import as well. so despite or the opportunity decide the lives of countries seem to reach you and we're 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 when 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 term gain. they didn't clamp or slow down and us, 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 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

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