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The talk of a Chinese financial crisis brings up a good question: Where does China’s money come from? With nuclear expansion, the Belt and Road initiative, the recent hypersonic weapon tests, and manmade islands in the South China Sea, the CCP has been spending big money. The amount of money the CCP has made some people believe that communist countries can achieve greater economic growth when they adopt a market economy. But who funds China’s ambitions? Lei explains China’s monetary system.
0:00 China’s economic growth & ambitions
1:20 Chinese monetary policies
3:57 China foreign reserves
5:36 China running out of money
6:44 The cold war lesson
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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.
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References:
http://www.ce.cn/xwzx/gnsz/gdxw/202103/03/t20210303_36353801.shtml#:~:text=%E6%95%B0%E6%8D%AE%E6%98%BE%E7%A4%BA%EF%BC%8C%E4%B8%AD%E5%9B%BD%E7%A4%BE%E4%BC%9A%E6%80%BB,%E7%BA%A6%E4%B8%BA36.6%E4%B8%87%E5%85%83%E3%80%82
https://www.livemint.com/Opinion/P7nIGWDp6e48KdXhlK8y1N/The-lessons-of-the-Bolshevik-Revolution.html
https://www.rbth.com/history/333072-us-dollars-soviet-union
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