China’s Trade Surplus Isn’t a Currency Story — It’s a Labor Issue скачать в хорошем качестве

China’s Trade Surplus Isn’t a Currency Story — It’s a Labor Issue

China has just reported a staggering $1 trillion trade surplus, the largest in history. Many Western economists argue that the explanation lies in an undervalued Chinese currency. But this program takes a different view. The real driver of China’s surplus isn’t the RMB — it’s labor. From suppressed wages and extreme working hours to strict capital controls that keep wealth locked inside the system, China’s economic model extracts value from its own people while undercutting global manufacturing. This episode explains where the trillion dollars really came from, who paid the price, and why Beijing has every incentive to keep the system unchanged. Lei's Looking Glass channel:    / @leislookingglass   Lei's Real Talk channel:    / @leisrealtalk   Donation: https://donorbox.org/support-lei-s-re... Support Lei’s work via her online shop: https://shop.leisrealtalk.com/ Sign up for my emails: https://leisrealtalk.com/ Ideas/Suggestions: [email protected] ****************** We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories. ****************** References: ****************** 🔔 Subscribe for updates:    / leisrealtalk​​​   ****************** 🔵 Make sure to share this video with your friends! Follow us on our Website: https://leisrealtalk.com/​​​​​​ Follow us on Twitter:   / leisrealtalk​​​​​​​​   Follow us on Facebook:   / leisrealtalk​​​   ****************** #leisrealtalk #trade #export #economy