China's Billionaires under Pressure | TYCOONS | FD Finance

A story, told through the lives of China’s billionaires, of a country transformed into a global powerhouse. Capitalism was once a dangerous word but now China creates a new billionaire almost every day.

Money makes the world go round. But today, it seems that it is falling into the hands of the few. But how did we get here? We unpack the complex journeys of the “Billionaire Tycoons,” industrialists and entrepreneurs who now yield just as much power as any elected leader. Each episode focuses on a different economic superpower, USA, China, and Russia, as we retell their journey from economic backwater to economic juggernaut, all through the surprising stories of its richest and most powerful Tycoons.

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Welcome to FD Finance - Your gateway to the fascinating realms of finance! Immerse yourself in our collection of high-quality financial documentaries, providing not only informative insights but also revealing the stories and backgrounds behind the intricate world of finance.

Join us on a journey through the dynamics of the financial world. From historical events shaping the markets to the latest developments and trends – here, you'll gain firsthand knowledge of it all. Understand the complex interplay of the global economy. Follow us behind the scenes of the finance industry: Gain exclusive glimpses into the world of financial institutions and personalities influencing the economy. Our documentaries shed light on the backgrounds and stories often hidden behind headlines.

Subscribe to FD Finance and never miss a captivating financial documentary.

With the ban on TikTok in the US imminent, are Chinese-linked e-commerce platforms next? The Biden administration is cracking down on de minimis shipments, closing a loophole that allows packages under $800 to avoid import duties and border scrutiny. Observers say this targets Chinese-linked companies, in particular Temu and Shein.

But this is just one of the measures that could curb Chinese shopping apps. The US government is also investigating allegations of data collection and forced labour. Meanwhile, environmentalists say that Chinese shopping apps are responsible for waste and emissions. China, however, argues that these are just further moves by Washington to enact unfair trade protections, aimed at limiting the growth of Chinese companies. Is the US-China trade war gunning for online shopping apps?

00:00 How did Chinese e-commerce platforms become so popular?
03:47 Scrutiny over Shein and Temu's data collection
11:53 How do Shein and Temu keep prices so low?
18:47 Are Shein and Temu exploiting a tax loophole?
21:48 How will new US duty-free policy measures affect prices of Chinese goods?
23:01 How fast fashion is adding to the waste problem
28:33 Where does the fashion industry's carbon emissions come from?
29:33 Shein's commitment to sustainability
34:34 The controversy over allegations of forced labour in Xinjiang
41:12 Could a TikTok ban set the precedent for Shein and Temu?

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ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world.
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The US-China superpower rivalry is on full display in Taiwan. Beijing wants control of the island and is willing to use force to get it. Washington has been ambiguous about how it would respond but is expanding its military presence in the region. Taiwan is at the center of the US first island chain strategy to contain China. A standoff seems almost unavoidable. But what factors give the tiny island such an outsize importance for both superpowers? And why is neither side backing down?
We speak to foreign policy experts Victor Gao (Center for China and Globalization) and David Sacks (Council on Foreign Relations) and find out what people in Taiwan think of the tensions.

Chapters

00:00   All eyes on Taiwan
01:12   Taiwan's strategic location
04:13   US "first island chain" strategy
07:24   Taiwan's TSMC: An economic powerhouse
09:34   A history of old loyalties
12:19   Taiwan's complicated status quo
14:14   Big ideas for a small island

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Over the past few decades, China has solidified its status as an economic superpower. But the country’s economic boom coupled with its increased military might has increased tensions in the region, including with Taiwan, where fears are mounting over a possible Chinese invasion.

Meanwhile, at home, China’s human rights record remains under the spotlight with severe curtailments on free speech and a continued hardline policy on the country’s Uighur community.

So what lies ahead?

Mehdi Hasan goes head-to-head with Victor Gao, the former translator for Chinese leader Deng Xiaoping and vice president of the Center for China and Globalization, on President Xi Jinping's rule, China's foreign policy and its clampdown on dissent.

Joining the discussion are:

Rayhan Asat – international human rights lawyer of Uighur descent and senior fellow at the Atlantic Council

Stephen Chan – professor of world politics at the University of London, School of African and Oriental Studies

Martin Jacques – author of When China Rules the World and visiting professor at Tsinghua University in Beijing

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In this video I'll attempt to travel over 2000km across China. Nothing could have prepared me for what was to come on this journey.

enjoy, mike x

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My Previous Videos in this series:


https://www.youtube.com/watch?v=9U296TyVMqY

https://www.youtube.com/watch?v=gAP5fcOCChw



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Email me: [email protected]
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