The commercial street turns into a haunted house; The boss loses more than 100,000 US dollars
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- Опубликовано: 8 сен 2024
- #Chinainsights
The shopping mall store bought for more than 100,000 US dollars can no longer be rented out, and all the money has been wasted. It's dark here, like a haunted house. The worst thing is that the shops bought at high prices are now closed, but the loans remain. The bank doesn't care whether your store is open and making money. If you take a loan and can’t repay it, the bank will sue you. So don't invest in these shopping malls.
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$27? keep the gates down and just live in the store.
Probably be smart than living in a slum lord rental in china
Lease contracts have stipulations that don't allow live-ins inside commercial buildings.
@@ronnelacido1711 storage then. nyc retail space can be $3000/sq ft!
Because everyone in China always obeys all laws and stipulations.
Sometimes one residence allowed in complex grow pot and brothel
It is odd that wheat is grown and harvested in massive amounts in Ukraine but the CCP is helping Russia to stop shipments which makes wheat more expensive on the world market. The CCP's actions is making noodles more expensive in China.
They don't think that far ahead. They think of the quick financial gain the drones and ammunition are giving. While the common folk feel the short - and long-term effects. Such as the wheat being high plus it will get worse by being in short supply.
The ccp is the devil
It gets worse because 6 out of the top 10 producers of wheat are all geopolitical adversaries of China. Well, 7 I guess considering their territorial disputes with India. And then there’s their adversarial relationship with ASEAN nations - the current leading region in terms of growth.
Hopefully less chinese then.
yeah sure, i mean its like America and EU cared when they were the sole monopoly in the world and dominated global gdp nearly 64% during the 20th century and literally had no competition and the world's resources, from asia to south america and middle east and africa were at their disposal and ripe for the taking, and abundance of cheap and slave labour and literally the entire world was their plantation, and the people were living high on the hog and the maple syrup not knowing the source of their incredible wealth and living standards during the 50s,60s 70s 80s were coming from.....
boohoo cry me a river...
things arent that simple now ay? when there is so much competition during the 21st century so many countries have made so much progress and US and EU share of global gdp is now barely even 35%. soon to be 25% by the end of this decade or next.....
oh by the way China has the largest stockpile of not only oil but rice and corn and grain in the world, nearly 50% of all rice corn and grain in existence in the world from global production is sitting in China in silos......dont u worry.....
think that far ahead, china literally plans her economy in 5 year blocks ,10,15 years in advance, she already identified all her weaknesses that needed to be covered back in the 2010s thats why she is in such a strong position today.
my god, u have no idea when it comes to making plans how much east asians plan......
of course nobody can forsee everything, even the best laid plans of mice and men often go awry....
thats why USA and europe is suffering the consequences of the ukraine war now lol.....the biggest faux pas US has ever made in recent decades.....opening the pandoras box of unforseen consequences.....geopolitical and economic.....isnt it incredible in her strange and crazy desire to destroy russia, planning this all the way from the fall of the ussr to 2014? rejecting russia from joinging nato and ostracising her for god knows what reason......now there is no chance of russia ever being "friends" of america or europe again......and u have split the world into two geopolitical.....half the worlds population from now on will be working night and day on america's downfall.
imagine if all usa did was extend a genuine hand of friendship and stopped antagonising the world from eastern europe to middle east to south america and asia......
When the economy is down, landlords and shoplot owners shud at least reduce the rental to allow business to continue. When nobody can afford to rent, your shoplots will not generate any income, too. Maybe their mentality that there will always be renters will come to an end. Hope they realize it is their greed that will lead them to their downfall.
Poor business decision did those people in. Buying buildings to rent in a time of sluggish consumer spending, widespread unemployment, and real estate slump was like throwing money into a void.
Part of the problem is their state-run media is tightly controlled. The official line is that the economy is growing and everyone is being successful opening small businesses because the CCP doesn't want to tell the truth, and so people run out to start businesses and end up throwing good money after bad.
Patriotism of Xinnie PorkPooh #slopaganda #misery
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
- This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE.
-- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 1-2 dollars while you drink Poop Water and eat gasoline cooking oil while the Party and Porkpooh eat Tegong Special food supplies.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
@@sleepinglaffey3886 bro vibes and dunks hard at the same time. Cool.
@@tom970091 C milk for president!
They didn't know this would happen, most happened when coming down out of the longest lockdown in history. Many thought the people will spend like crazy. And i say they adapt fast by giving up. Thats good for the businesses but accelerating the downfall for everyone.
*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides.*
You just mentioned Expert Laura, Indeed, wow that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
You're right! The very first time I tried, I invested $2000 and after a week, I received $8,400. That really helped us a lot to pay up our bills.
SHE IS ON TELEGRAMs
This is similar to the strip malls that closed all over the usa. Many people are not buying in physical stores anymore, they use online shopping. My wife, a chinese would never buy product in a physical store except fresh vegetables, fruit and meat. All other items get purchased online. I think that is part of the reason why so many garage stores close.
It is sad that the girl at 14:00 has to disguise her face to complain about the poor job market so that future employers wont hold it against her.
Patriotism of Xinnie PorkPooh #slopaganda #misery
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. Without the 'beautified' and greased numbers this is closer to 900-1200%+.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation while necessities like water and electricity are experiencing uberstaginflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
- This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE.
-- in the future house prices will drop to 10%, youth unemployment will be over 70%+ (and ultimately 90%+) without streams, and middle class people over 35 will all be laid off.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 1-2 dollars while you drink Poop Water and eat gasoline cooking oil and Cadmium rice while the Party and Porkpooh eat Tegong Special food supplies.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
Vacancies have been rampant across China's behemoth shopping malls amid debilitated domestic demand. So daunting and devastating for the Chinese!
It will only get worse for them.
Ostracizing bully neighbour 😤
This is what an OOFconomy looks like!
Poohconomy.
Communism is only a winner for the oppressors, just like russia, the people are always the losers, and the greedy take everything
it's sad to see the go down like this.. majority of them dont even know what happened their economy, why became like this... due to the ccp's firewall...
There is no problem - CCP
If you sell products made in the USA you will get excellent quilty products that are worth real money instead of made in china plastic junk
Chinese junk that barely last thru the warranty period. If the cost was not so cheap no one would be buying it.
wrong, i get plenty of garbage with "made in usa" on it. we make garbage too
@@Aeternum_Gaming It's true, just look at boeing.
They bought it upon themselves. Behave bad, and this is what you get in return. The world has had enough of your wickedness. Actions have consequences.
There have been more than six recessions in the past, but the Chinese Communist Party has weathered them by ignoring bad debts and continuing to inject funds into state-owned enterprises, but this recession is different from the previous ones. In the last decade, the amount of paper money issued has been 25 times that of the United States, and China has expanded rapidly and prospered, but now the reverse asset decline has begun. This bubble will continue to collapse for another 30 years, and housing prices will fall to less than 1/10 of what they were, and most local governments and banks will go bankrupt. Unemployment will be over 65%, and even employed people will have salaries of less than 1/5, and people will have to think about how to live in a world where the daily wage is $2.
They still are printing money like crazy, but the same was US and rest of the world. EU and US is in trouble, cause we have numbers, while China is covering everything and propaganda bots say there were never better times. Don't think it will be that bad as you describe, but after 3 years of lockdowns there is no chance to fully recover the economy in country with almost zero social security.
The building owner was the only one making money, forcing business owners to leave and close up shop . An American model. Here in the USA that banks are the only ones making money. Hopefully china has a huge warehouse district. The USA will follow Chinas lead in six to eight months as Americans run out of money.
Thanks, Tod! Always great to hear your voice.
duck fat? there are not near a morgue are they?
Looks like a video that I saw of San Francisco. I was in Toronto last February and we walked through a mall in China town. It was obviously struggling. The same thing is going on in other big cities. Credit is starting to dry up, because the governments have printed too much currency, destroying it's purchasing power.
You talk about a city in the US, but you have no comment about what's going on in the video relating to China.
Your comment was really helpful.
@@Fleshox19-uz3qtUS and china (and honestly most nations) are both having a rough go of it at the moment, tho obv china is worse off atm
They’re crying about the cost of wheat products (noodles) while continuing to fund the country that is waging war against the largest producers of wheat (Ukraine and the rest of EU). Insanity.😂
Like seriously, look at the top 10 producers of wheat. None of this is shocking.
If the Chinese government wasnt so hostile I could imagine that this cheap rent would be opportunistic for foreign companies
Yeah this should be an insane opportunity for foreign inventment across every sector but the CCP fumbled the bag hard
Outstanding information...Thank you
USA is also struggling with same problems. Global inflation
That was created by biden and his endless mistakes.
The great famine is beginning.
Yes, there will be a famine.
cannibalism is only a few years away.
Greatest leap backwards.
This is the result of excessive government over reach.
You didn't watch the video. When people say "government over reach", usually they mean "regulation" and that's what I'm assuming since you threw out an ambiguous opinion.
@@HKim0072 thanksnfor proving my point for me.
@@TheTektronik Great, one of these people. Keep throwing out nonsense ambiguous opinions and just say, "I'm right!"
@@HKim0072 okay now, why do you think Apple, Samsung, Foxconn and many other large ompanies bailed out of China leaving a vast majority of Chinese people unemployed?
Ate Ramen noodles 3 days in a row. From West Virginia
KARMA
oh...just a perfectly normal thing in China nowadays....
At this point, pretty much all working class people just pay rent and buy food. Maybe 10 years from now, they have to just pay rent and eat tap water!
China doesnt have unemployment benefits
That would belie the CCP's propaganda that there is no poverty and everyone has a job in China.
Why do you blur the subtitles in Chinese? They make it seem like these videos are taken put of context and thus the news are fake
It clogs up the screen so they blur it and try to blend it in. I have a friend who speaks Mandarin and the subtitles are correct.
@@o0oGhsto0o Its not like the modality of dual language subtitles are a rarity, people are not yet that dumb
They also block out the channel information, so you can't tell who they stole it from
They should give up the total real number...
Interesting that there are all of these 'sales' from closed stores/restaurants.
Oh Well that’s China’s problem
You think that it won’t affect everybody else? You don’t pay attention. For one thing, every major country has invested in each other’s bonds.
@@justaminute3111This is China's internal affairs!
27 dollars???????????? seriously?????????
If you have a physical store you should also be selling on Taobao or other internet shopping web sites too
What kind of mustard is made from cabbage?
I was told that selling opium pays the best
Like all the drug dealing jobs biden created with all the fentanyl he let in.
While the supermarket food prices seem really high, there must be people will to pay those prices else since they are still open.
Well, it's that or starve. You can't eat yuan.
Wait that duck restaurant guy buy precooked duck? Why? Maybe the reason his duck was undercooked andsmelled like duck is cus he didn't cook it.
Indonesia, 100% to even 20)% tariffs? Gee, shoddy belt and road chickens are coming home to roost.
{^_-}
Why! You wanna buy.
It will be like what they did to srilanka and Pakistan
0:00 - 0:28 it's so unbelievable, everything is closed, & tge banks should be held responsible for not creating a safety net for this type of failure, but that's only my opinion🥸🥸🥸🥸 0: 10 it looks like a scene for a movie or video game. & I'm being very honest, really😐😬😬
1:04 this guy is in a bottleneck & it's a losing hand because he's going to lose no matter what☹
3:43 what a sad story☹
5:20 wow, & the back story sounds like something straight from a novel by a made up person.. like Misery or Moby Dick😬
8:25 & 8:37 what a sight to see😟☹
8:54 they're wasting money on empty scratch-offs & the only winning is the Lottery system itself🤨😐. 9:19 yeah, & if ppl are in the mood.
9:43 did she lose her store?
9:50 question, does the Chinese economy have a reset cycle or rebound to rebuild itself back?
11:16 dang... & this move by them has helped aidded in this destruction🤯🤯😬
11:40 here's an answer⭐
14:04 I wouldn't blame her for what she's doing.
16:43 I feel bad for those ppl☹
17:17 that is bad☹
18:09 it's unbelievable from here guys😧😧
19:31 that guy said ot all.
They ripped off the people
@@Al-oe8ib & it looks like everyone is opened for getting cut.
Your problem was caused by a popular businessman in China named Jack Ma who initially promoted e-commerce with the vision of creating a lot of employee absorption and price efficiency to provide profits and shopping convenience so that retail traders were left bleeding.
You can pay under 30$ and the sell cookie for 100$ and you can make bank. In the USA cookie is always worthless but when you have so many men with no wife cookie can sell for so much more
The gap between the rich and poor is going to be so big.
In Europe prices are still cheap then.
Rise up People of China
Weight loss camp? Mao had very effective weight loss camps
chinese citizen try to do a video without filters challenge...
This is like watching the Truman show. Nobody knows the truth.
Yelling at the TV what's so obvious to the world.
Are these newsposts even real?
As a soldier u get food, bed and money. Thats how they get you…
Awesome video 📹 my buds
No long-term vision ? Ya don't say...
turn it into "housing"
Let people rent them to live in .
2:25 - Love the 70p video.
Are Chinese phones incapable of capturing 1080p60?
Horrible lady robot voice is horrible.
reverting to tribalsim, china to avoid
Good 😂
They dont in us iether
maybe "the boss" should pay workers more so they actually have money to spend on the products being sold. just sayin'. an economy doesnt work when the workers get paid so little they cant even afford the shit they produce.
Dang Su Chung Yu, we must stop Shein and Temu effect
Students with no job could maybe work together and start to produce cheap food and housing for themselves. Maybe they all have become individualistic and think that if they just ask some big company for a well-paid pleasant office job, then that company has to give it to them. Maybe those days are over. Remember that a company is nothing more than a group of people working together making something that other people are willing to pay for because of need or desire.
Soon same condition in India delhi ncr market lot of ghosted mall
Why is a different lady translating the female speaker commentary? Oh hell naw! I liked listening to that lady.
Who is 'the boss'?
good news for the ducks..
at 14:00 you see the only Chinese girl not using a face filter
can you report on some good news in china or you only show the bad news?
karma
What time was this vidéo shooted😂
so tragic
Really sad. The whole world is turning into a mess. Now's the time to make right with the Lord Jesus Christ as His return is soon. Read the book of Revelations, and you will see we are now entering that time.
😲
The more I hear about shopping streets being empty of shoppers, the more I think that depopulation is a major problem. It seems that it's not so much that people are just window shopping or that they're spending a slender fraction of what they used to spend, it's that there aren't any people around at all. That's what depopulation looks like. We know that the CCP refuses to be forthright about how many people have died of COVID, and it seems to be at the point where it doesn't want to know. I've seen commenters say, "Well, there are too many people anyway, having a lower population won't hurt China." Well, this is what depopulation looks like, folks. There's nobody to conduct economic activity, and the people left are going to suffer.
I don't think that's the right order. This is more caused by several factors such as a bad economy, bad government, etc. This creates an uninhabitable environment, resulting in depopulation. Take for example deserts in nature, living creatures in them tend to be fewer because resources are scarce.
The problem is the debt level of the Chinese Household sector. Chinese households are under a heavy debt burden. They simply don't have the money to consume.
If you don’t wash no one is gonna hauk too on that thing
I Am A Rodot!
Any information about Xi and the rumor that he had a stroke.
What people need to realize is that they are worth what they can get paid. If someone thinks they are "worth" more than $x,xxx amount of money... but someone is willing to pay $xxx, then guess what, you are worth $xxx.
What you say is an ideal environment. The problem is that in China there is a mindset that says "if you don't take the job, someone will." Therefore, even though companies continue to lower wages, there are still many people taking these jobs. This also explains the poor living conditions there. Worse yet, people cannot protest and the government and the law side with the company.
@@user-xn2gr8me2u Isn't this the situation that some people want for the USA and the rest of the world? A place where you can't protest?
@@chocobrowniewin where in the hell did you get those statement?? That's why there're many protests all over the world, but not in countries that don't have freedom of speech
@@user-xn2gr8me2u No, your assessment is partially flawed. You are right about employers offering lower wages for positions, and they continued to be filled. However, that is essentially the free market system... your worth is based on how much someone is willing to pay for your labor. The poor living conditions are likely multi-fold, of which, people are getting degrees that no one values, and thus the low pay. It is combined with the unrealistic expectations established by social media 24/7. Many people under 40 have a hard time understanding that social media is like watching a cartoon... it's completely and utter fake and made up. In addition, what they don't realize is that prob 98% of social media content is to both depress and oppress the viewer... when was the last time you saw a viral positive news story?
@@fialee8 CMIIW. Yes, you can lower your wages which will then contribute to lower product prices in the free market, but that is not the goal of the free market. Isn't the goal of the free market actually to balance market prices? For example: if several people in an area sell the same product, for example apples, this means they cannot sell at a higher price than the market price because their competitors will sell at a lower price or within the market price range. The goal of a free market also to stimulates innovation and creativity which is the added value of products. It is the opposite of monopoly. Example for the case above, maybe people could make sweeter apples, etc.
If someone sells at a loss or cheats/scams, it means they are unable to compete because they lack innovation and creativity (this explains the phenomenon of copycat "made in China" products).
In my opinion, China is not a free market because there is a lot of government intervention. I believe the Chinese government is siding with corporations and not listening to individual voices or the voice of the common people. Therefore, companies continue to oppress society by lowering wages and the government turns a blind eye until this leads to the current situation, a place that is uninhabitable for the commons.
It's harder to fix a money-oriented mindset there.
You can also take the example of giant gaming companies in America, there are original American companies such as Electronic Arts, Blizzards, etc. But because the US is a free market, if these giant companies slack off or lack innovation in their games, other companies like Nintendo or Capcom can take over. Even in America, you can be a successful indie developer.
Meanwhile in China all these things are impossible, and even more impossible for individual to be successful.
I hope you understand and excuse my long rambling LOL
no offense is this channel going to give us a report every time a shopping mall or bubble tea shop or mala hotpot restaurant in china close down?theres 1.4 billion people in china and almost 52 million small enterprises in China, every day about 10,000 of them shutter and another 10,000 open up,its the circle of life, whats the point of showing us these?
u mean to tell me in america in a country of 350 million people there are no business owners who are suicidal everyday?there isnt a thousand ghost malls in america?
Equality is when every city or urban bussiness owner get the chances to make bussiness with its local citizen. But now becouse of e-comerces promoted by ur popular public figure and bussiness men , the retail shop owner has to be sacrificessssss❤
🎉🎉🎉🎉🎉
Have to pay $0.5 for a bottle of coke. The horror. We USA peope proudly pay $2.97
Then lower prices and stop saying sales promise, show the people low prices. Or Just LEAVE!!! Save your self
although i hate this country.. other indepent videos of CCP shows people seems to be prosperous and happy..even the left over women are asking outrageous dowry..
Is sleepinglaffey3886 a bot?
Internet killed bricks and mortar!
Year after year.. Go live the old world way. Chickens. Eggs. Feed your nonsense grains to them. Grow Kudzu and feed it to goats. Live simply. Time is running out faster and faster.
岸田のせい
なぜ????
MILLIONS closed? Seriously? Is the factual reporting?
although i hate this country.. other indepent videos of CCP shows people seems to be prosperous and happy..even the left over women are asking outrageous dowry..