good morning one of the motivations for doing this YouTube channel was that there were so few reliable sources of information about China in mainstream news media and even on social media there had to be an audience of people like me in business who needed to have a strong understanding of what is happening in Chinese industry and we felt deep down that our own news media and our political leadership was either lying to us or lying to themselves or listening to people who think they know but who don't really now comes some news that our own media Outlets are realizing that they have completely misjudge China and in so doing have misled their readers and subscribers the South China Morning Post study the biggest American and British news outlets since 2019 in 2019 70% of the news stories involving the Chinese economy Tech sector or environmental news had a negative slant now in 2025 the negative news stories are about 40% with neutral or positive coverage going up they see a dramatic shift recently toward a more nuanced and multifaceted coverage Western news media are waking up today to the same thing I've seen every day for the past 13 years when I look out my window the Chinese economy is booming just about everywhere I go every family has a car most of them have modern Apartments stuffed with the latest everything they take two or more vacations a year their universities are racing up the global rankings the advances in Chinese Tech sectors are astounding the whole country is on 5G and they're building 6G as we speak now these are all things that I see living here which gives people like me an advantage you could say but even if you've never been on an airplane at all and you live on Main Street USA you still have to notice how much stuff in your Home Depot or Costco comes from China same with the auto part store same with the local furniture store and you figure that all the made in China stuff you see when you need a new muffler or coffee maker isn't just in your hometown it's in every single auto part store or Home Improvements Warehouse across the whole world but then you go home and turn on the TV and you hear that China's falling apart that the economy here is terrible but that doesn't square at all with the shopping trip you just took imagine a poor guy who unfortunately gets all of his news from The Washington Post two weeks ago here was their headline a single Chinese ship building company one company built more ships last year than the entire United States did since 1945 World War II ended 80 years ago all the ship builders in the United States all those ships over all those years from all those companies and one company here in China outb built them all in one year then you go back because you've been reading the Washington Post for a long time last September the post said that China's economy is faltering growth is slowing and the government isn't doing anything October of 2024 China is trying to fix its broken economy but ignoring the real problem China is in a deflationary spiral deflation means prices are falling and they are housing prices are falling car prices medicine food and I have never in my life heard a single normal person complain about falling prices but the front page of the Washington Post said last year that what China needs is a lot more inflation and the Chinese government either can't or won't do it September of 2023 China's model is failing and the world needs to pay attention two days before that one China's economic problems are enormous and the good news for the United States is that it won't affect Americans at all this video would go on all night if I posted links from The Washington Post from before 18 months ago and will go on all weekend if I quoted other major papers or our TV news networks so unless our sample Washington Post reader has Alzheimer's and doesn't remember anything farther back than five minutes ago he's wondering now if he's been lied to all this time Gallup does an annual survey of Americans trust in our inst institutions and our confidence in mass media is at a record low Republicans and independents have the least confidence of all is the news being reported fully fairly and accurately they say this doesn't happen very much or not at all this one is not by political party 69% of respondents overall say our media does not report news accurately very often if at all it's also across all age groups and younger people are especially skeptical that anything they're seeing on TV or in the newspapers have any truth to it Gulf Insider has a whole bunch of good reasons why our confidence in media is cratering and that social media is playing a role in getting out news stories that are ignored elsewhere the reason I'm singling out the Washington Post here instead of anyone of a hundred others is that this is the newspaper for establishment Washington this is the paper that our law Akers read and their staffs and the people who run our federal departments and agencies our senior Military Officers at the Pentagon and our think tanks and the thousands of lobbyists all these people who are drafting legislation and policy involving China and it's all been wrong they all truly believed that China was collapsing because house prices in China were falling along with the cost of living everything was becoming less expensive in China and that meant that the Chinese economy was in big trouble they really F that that was the thesis and our federal government believed it to now the evidence is undeniable all those people were wrong and China is actually ahead everywhere this was from Bloomberg two days ago a story from China's Tech sector and this is how the piece leads off the opening paragraph deep sea has completely blown up this thesis it's changed the way the whole world perceives China now concerns about Chinese deflation debt demographics now everyone realizes they had it wrong and China is challenging the technological dominance of the United States China has the deepest pool of stem talent in the world the number of Engineers here has more than tripled in the 20 years up to 2020 and has gone up a lot more in the past five years since this part gets me too I was surprised that deep seek was the Tipping Point when it could have been a thousand of things the Chinese space station or the growth in their Navy or the control of the world's raw materials and refiner Supply chains or the Titanic trade surpluses that they ring up month after month after month I didn't think deep seek was a big deal compared to those others I've been using Chinese AI for a long time along with everyone else here anyway about half of the world's top AI researchers come from China when Chinese students go to grad school they want to study the the hard sciences and another key driver of all that is the cost of China's universities all these Chinese Engineers are going to school for a few thousand dollar a year at the most our engineering schools cost at least 10 times as much Chinese kids are going on to University in record numbers and none of them graduate with big loans to pay off China has a lot of Engineers and there are hundreds of thousands more in the pipeline every year in and they don't cost very much compensation packages for top researchers in China is 1/8 that in the United States I'll say again how frustrating it's been for me to read articles about China's deflation falling prices and how that was somehow a huge problem for China instead of being a huge problem for us if you're a tech investor where will your money go farther Silicon Valley or hongo Boston or Shenzhen if you are a small tech company with an engineering payrolls budget of a million dollars a year you could hire five engineers in California or 40 in China That's payrolls what about office rent get ready to pay eight to 10 times in California or Massachusetts compared to the tech hubs here but if you're a Washington Post subscriber you believe for years that Chinese deflation was a problem for their economy and the Chinese government is too stupid to stop the deflation in instead of concluding instead that the Chinese government was doing all of this on purpose China's costs were falling for everything for housing for travel for education for household products for transportation for groceries every month every year the Chinese economy is becoming more efficient more cost competitive compared to everywhere else and our mass media and our own government actually believe that was a fatal flaw for China's economy instead of for ours all those delusion for all those years have big consequences deep seek was built for $6 million instead of the 6 billion that it's cost our companies to build AI models and 600 billion in shareholder Equity vanished the day after Wall Street found out about deep seek AI medicine ship building manufacturing Supply chains space now China owns all of it and all the important people and all the important places are realizing they've been looking at China the wrong way better late than never but still too late to make a difference now this is Le Jang UNAM Province be good with your children with your church