next, but they look at how china is economic slowdown is rippling across asia. don't forget, there is much more on our website to add d w dots. i'm clear, richardson and for a little many thanks for watching the ice cold. jessica new an expedition ventures on 2 places that no one has the climate research in the ice. the tasks much touch on d. w. 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. anything 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 is growth. in this video, we'll look at how china slow down is transforming. asians economic playbook, i'm here from the people's rights and it's next chapter. he was a combination of china slowing down and south east asia rise enough that, that, you know, take on me to ask myself. so why don't i just go to the next volunteer. 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 are called the us. that is the nightmare scenario. i'm finally will ask what the page is handling if it's downtime. it's trying to shape 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 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 thoughts 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 cost, the balloons over 700000000 people. sum 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 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 and trade. china is population in cities . what already swelling by the time of the century. but china's accession to the world trade organization in 2110 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, a china, a laptop ever think china, theresa an economic like china 3, but call the people to also help. i'll keep the next bar. badging became the biggest buy event to me is just cold and palm while i'm the top expo destination of electronics made in south korea and taiwan. if you either look at the idea of pay,

what i mean china has being 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 complement became bolder. china has started to become an important outbound direct investor for countries in the region. i was trying these farms, us setup operations throughout the south east asia, decisions and issues and you 7000000000 dollar high speed rail. the countries 1st began to pricing and i'll tell you, but it's main funder. china is bouncing road initiative to over the past decade. the flagship policy, a 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's economy to costs. so 2 digits, people with millions of chinese spending, you found disposable income on overseas travel in asia. let's say of moving to the chinese tourists are our main customers. so the modem area to before the ponds. i'm a kids, china reloading, accounted for a fee of worldwide tours and spending the young trade. we also have to sync up a tourism that i mean the transformation of talent, massachusetts, and center is very much china centric. even even japan, for that matter, increasingly decades, that represents the gratian mean china is economic for students to 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 tests, or it's pandemic induced slow down by to try 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 or 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 weights of a creaking prophecy. markets collapse, consume it to 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 of the top superpower in asia. china based out the us and the measure 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 and 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 pits. 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 forgiven my view in the

next 5 or 10 years. i think they both 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 for 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 x pool controls on the semi conductance testing for 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, uh, the way that investments 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 only do many trading so many 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 bracket page is emerging market such as in the highlands now and in doing the shot in the are seeking to explore more opportunities to be the plus one. brian young, 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 expanding. myisha is a new discrimination sort of product. so instead of agency last year for brian, investing in china no longer felt like

a safe bets is always all balanced in the reset. every war maximizing your opportunity. but try to con, control the downside risk. but right now, the dollar sign looks no bus. the bus, 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 their own future as that feels. 10 years ago found a tech walker. i knew in china, i have filled those kind of affinity advice for that case. but only this time i feel that in jakarta, in which in cd, in ben cock in get them pork. despite 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 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. you guys jumped 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. are you seeing rains on accounting firms on consulting firms that help with compliance for companies that cross the restriction?

so this and so i think he was the national security concerns. i need to say that they have less than what we're looking to plan for it. and make long good's home lessons and that sunsets and she has quotes for an investment into china, so promised to its lowest level in 25. it's kind of been kind of slow down as we are sending today 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 it hadn'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 a super seen 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 slowdown 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 this, the nation's 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 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 the china slow down brings both the price, but also potential that. so for this episode of business be owns 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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