China’s Tourism Industry Is Finished, Xiamen Has Turned into a Ghost City
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- Опубликовано: 2 июл 2024
- This was once Xiamen, a beautiful coastal garden city that was a top choice for both domestic and international tourists. The city used to be bustling, from the snack streets to the beachfronts.
But now, Xiamen's streets are almost empty of tourists, and even locals are rare to see. This once popular tourist city is ending in a very bleak way.
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Xie Tian is clearly blind. People don't have money to save. Its all going to Bills! Interest charges. People have NO MONEY!
Why are you always presenting fake news? Shame on you.
If you can cheat, cheat, right? Didn't know karma came with a vengeance, huh?
If Karma was actually real, India would already be one giant sinkhole with a stinky corpse ridden river surrounding it.
A self-destruct country.
Whwn your government are to much greedy
And so is the U.S., $35 trillion in debt
Karma’s a B*tch huh!? Bring back honor, integrity & the ways of Buddha.
They treated us very badly in their airport when we transited last year. I'll never set foot there again.
What happened?
You can bet the CCP Princes won't be laid off any time soon!
Patriotism of Xinnie PorkPooh #slopagandpa
- 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 2 dollars.
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
They are enjoying life in the west
@@sleepinglaffey3886 You have outlined in absolutely verifiable (roughly) terms the realities Winnie’s security apparatus would be evaporated for admitting. Impossible. China has imploded economically due to corrosive policies towards foreigners with American Express Platinum cards - for hotels, real estate, restaurants, investments…tragic and unnecessary collapse - historic
No one can stop the negative chain that is about to begin. Real estate companies go bankrupt ⇒ Real estate prices plummet ⇒ Revenues, which account for 30% of local government finances, disappear ⇒ Local governments, which have been using debt to develop large cities and build huge infrastructure, become unable to repay their huge debts and go bankrupt ⇒ Civil servants are fired and have their salaries cut ⇒ Ordinary citizens also lose their jobs and have their salaries cut ⇒ Real estate loans and car loans become unable to be repaid ⇒ Bank funds that were lent to real estate companies, local governments, lending platforms, and home loans disappear and banks go bankrupt ⇒ Unemployment reaches over 60% and pensions go bankrupt ⇒ We are back to a life of $2 a day
Meanwhile the mountain of debt has already been accrued.
It took quite a long trip but China is getting closer and closer to economic crisis....I remembered 2 years ago when Evergrande unable to pay bond, there are plenty of economic expert claiming China will face housing market collapse that will trigger economic global crisis. But that didnt came at all, but here we are, the disease slowly spreading.
but they have money for more Nukes
Yeah, it's a death spiral. And the stupid CCP is doing everything they can to piss off the West. We're the only ones with the money to save them.
What do you mean..THE UNITED STATES SUMMONED MORE THEN 50 BILLION DOLLARS FOR UKRAINE. THEY WILL DO IT AGAIN FOR US CITIZENS RIGHT? 😅
It's only a matter of time before they had enough of their leaders
the Problem is their people are all over the world ,over staying using student visa...
@@ammegs778 I doubt they will retain much loyalty to China when the dust settles.
@@ammegs778 don't be so gullible and naive. This channel is pure CCP propaganda. If you stop their educated young people from leaving ... are you helping or hindering the CCP? Which government WANTS more brain drain?
Xiamen was such a beautiful island when I last visited, what a shame what the CCP has done with the livelihood of Chinese people.
so many clips showing Xiamen by Vlog recently. Pl. refer to it
Its not ccp..its the people of xiamen...the consumer got enaugh they got scam..and theyake vlog of xiamen, then people slowly dont want to go there...its karma
Don't worry, as written in all Chinese novel and light novel (wuxia and xianxia), a handsome and domineering male God CEO will come to the rescue to China economic, and take it to a greater height and become the number one country with super power in the whole blue planet (earth).
@@user-zu4qr8bz6u you are circling the drain as a country if ccp stay.
@@smalfishfung Remember to collect your comment $$$ from your beloved CCP
Taiwan cities are safer to visit. Night markets are full 😊
Clean healthy food. No gutter oil.
Maybe that is exactly the reason why the CCP want Taiwan take back. This would mask the terrible conditions in mainland China for a while. There would be certainly attemts to transfer the know-how of the Taiwanese chip industry to China. But it would be like it was in Hong Kong...this would work for a few years but eventually the CCPs iron grip would deprive the Taiwanese of their air to breathe...and ultimately, the CCPs regime would also succeed in ruining the chip industry in Taiwan.
@@zenon7094 what do they do if the taiwanese people, just destroy all the dutch equipment? its not like china can just rebuy them... if they even can set foot on the island, without a massacre of their own soldiers lol
@@spliffingrat5469 That was just a thought of mine...which does not necessarily have to be right. I have no idea if the Taiwanese would actually destroy their machines...in doing so, they would somehow completely destroy their own livelihood...if the Chinese were to eventually take Taiwan by force, the Taiwanese would be occupied (if the Chinese are not thrown back in the sea), but at least they would be still alive...and then things have to go on somehow...like I said, just a thought out loud.
@@zenon7094Im pretty sure China just wants Taiwan back because they are butthurt that they are doing better than them like some crazy ex-girlfriend, Misery loves company and Xinnie the pooh needs some company in his shithole he created.
They only have themselves to blame.
There is no solution nor relief for the Chinese Citizens ... except to grind on and continue to hope for a Miracle. Forget Foreign Tourism into PRChina .. the incoming number can only decline year by year.
"except to grind on and continue to hope for a Miracle"
You spelled "lie flt and wait for the merciful embrace of death" wrong.
Asian neighbors bullied by China: "China should have sanctions like Russia."
China : "No need, we'll do it at ourselves!"
Chinese scammer lost their job and struggling after tourist stop coming.let me play my sad violin 🎻🎵🎶
I have not seen too many scammers in Xiamen
You don't have to see them for them to exist, lol. @Floeflayfloe
@@yp3420 If I have been to Xiamen, I think that I can talk about this topic better than you can, unless you have been there yourself?
The walls r closing in Winnie-the-Pooh 😂
Couldn't be happening to a more deserving country
Why would anyone want to visit ccpland at this time?
Figures don't lie, but liars figure.
KARMA. Blame the CCP.
china is a lesson for all democracy's
They aren't though. What part is a democracy lol
@@LukeJohnson-tw5boHe meant that it is a lesson in how NOT to do it.
Capitalism is not logical or sustainable
How, when they are not a DEMOCRACY. Is a lesson for those idiotics Western leftist who would like to impose communists governments. It has been proved that leftists have a short circuit in a part of the brain.
China isn't a democratic society. Fkn Communism
Hoping it gets worse for them.
I'll book a trip to China when I get back from visiting the bottom of the ocean.
Are you Jar Jar Binks?
B careful. That ocean is toxic. Just like the CCP.😢😂😮😢😂😮
@@caststagemysterieswoosh
I am booked mine once I get back from mars
@@user-re6id4qh3j All your Mars base are belong to us.
I visited Hong Kong in 2000 and loved it. I’ve been there several times since, the last time being just before Covid. It’s changed a lot and not for the better. It won’t ever go there again. As for the Great Wall and the Terracotta Army, never seen them, don’t particularly care either. Japan and Thailand offer a much friendlier taste of Asia.
Xi Jinping and the CCP I doing everything they can to make theses things to happen😂😂
No. Xi and the CCP are funding channels like this one to tell the world that China can't do anything. This is to get us to relax and let our guard down. China is definitely faking their GDP numbers. They are UNDER reporting.
I wouldn't go there, even if for free, as they'd probably dig up my critical ebay comments and lock me up.
Bureau in charge of tourism and market supervision yet responds with “we can’t control the market and tourism” 😂 it do be a classic useless government.
People will stay away from a bully nation.
I had known in my entire life that everywhere in any countries mostly cheater ang giving bribes businessmen are Chinese. It seem this becomes their patterns to get quick rich.
And yet the Chinese economy is still expanding 5% every year regardless of waning domestic demand? Probably excessive public investment has driven such inconceivable growth.
😀😀😀😂🤗
All the numbers are fake.
You believe their statistics?
The govt also reported their citizens growing 5% in height every year too. Amazing accomplishment!!
Being punished by the creator for the way you treat animals
So what are you trying to say? China is not doing so well?
If they only said that, the video would only be 20 seconds long 😁
Well go to China to see for yourself if you don't believe
@@lookolooko7949 Ever heard of sarcasm? Now you have.
@@Michael9-23-15 To be fair the sarcasm is not easy to spot - it could have just as easily been a defensive pro-CCP comment
That can't be. Their official GDP economic numbers say their economy is still growing...
In all seriousness though, remember that it's possible channels like this one are incentivised to try to spin a narrative and cater to the biases of certain audiences. While it's possible there are some cities economically suffering, it's possible some cities/industries are in boom times that isn't getting coverage. It's possible that EV exports and Russian/Ukraine war exports are compensating for these tourism droughts.
Sounds like this region definately deserved to lose its customers. Greed, pure greed.
Living on borrowed, virtual money usually doesn't end well. Europe is about to experience the same.
talking about bitcoin i pressume?
I was in Xiamen a couple of months ago and saw nothing of this sort. My hotel was on Siming Nanlu and it was packed to the brim. Be rest assured, that Gulangyu is still packed with tourists every day. It is the most touristy island in China. What fake news is this? Ah... so this is another propaganda published by China Observer? Lol.
That's the danger of tourist traps.
Sooner or later tourists wise up and the traffic evaporates.
There are too many tourists traps in China ! Foreign tourists are supposed to report to the local police department as soon as they arrived. Foreign tourists can only stay at designated government approved hotels, why other countries won't treat Chinese tourists the way Chinese government treat foreign tourists?
zombie 0:29 China 0:28 apocalypse 0:28
Now i'm wonder where are all the wumao who proudly ask some year ago that "when China inflation bubble gonna burst ?", let the Chinese people answer that question for them 🤣
its even same in beijing and shanghai.. no international tourist .. how much domestic tourists can help sustain economy
Who's going to go to tourist destinations when they don't have a job?
Local government data would have you believe a worm is a dragon.
taiwan is better
Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.
Omg, Xiamen was amazing pre-covid. This is a tragedy. It's just such a cool vibe there, amazing people.
They should know that usually scammers will always pay their cut to the authorities.
The karma of the few and bad ate ruining it for the good and many
Honestly, who wants to go there. Rude people, fake food and constant surveillance 😢
My country still experiencing a surge of China tourists coming in and generates billions of tourism revenue for my country folks..
I have been living in Xiamen for 10 years. This year is the worst for us. My friends who have opened business establishments have closed this year due to a lot of factors. A lot of people are leaving Xiamen for Quanzhou. The main problem is the abuse of online apps(meituan, eleme, douyin) to small business, local government that doesn't care and only does inspections to collect penalties and rent prices that still as high as ever
It's really too bad, I think I am like a lot of other people who admire the Chinese people and wanted to travel there for years but it seems dangerous and not worth the hassle now that things have deteriorated for tourists. Might be better off going to less risky countries.
Nobody can stop the FALLING of their country..😮😮😮
Same here in the U.S., $35 trillion in debt. Effectively, we're bankrupt!
Karma works even in China? hehehe
Forget apt prices
Theyre all built Tofu Dreg
All those pushy taxis remind me of Cancun airport 😂
Or Caracus Cruise Port
Moral of this video. Don’t ripoff your customers.
Excellent honest reporting. Bravo
Humans are getting more and more wicked nowadays everywhere
Karma for bullying your neighbors..and spying
Reverting to tribal culture.
speaking as someone travelling through china now, this is garbage - hotels, train tickets and flights are either rare or sold out, but CHINA BAD gets more views, right?
sad to this happening to Xiamen. We went there for a summer study tour back in Highschool. We also enjoyed going to gulangyu that time. Such a nice place. I don’t remember being ripped off. Maybe because we just 13years old at that time.
Thank you for giving the world a sense of the real picture over there. Disastrous compared to just 5 years ago.
price gouging will be a down fall to any places .
All the metal screens on windows says it all.
Like South Chicago and Compton
I mean, hasn't this been going on in every city in China since...forever? The first time I visited Beijing in 2007 I did a Great Wall "tour" that included a long stop at a jewelry shop and a really crappy lunch.
All of the economic policies issued by the government mentioned at the 15:15 point forward doesn't address the root problems in the economy. They're all initiatives to increase Government Spending NOT initiatives to encourage increases in Consumer Spending which will NOT happen if there's a net decrease in Consumer Incomes. Big differences. Plus a net reduction of consumer spending & income will mean a net reduction of government income from business taxes and consumer taxes. Less money movement means less taxation means less government income. Where are they gonna get the cash to pay for those government spending initiatives? Print more money? That will only decrease the value of the currency in the long term and is only a (very) short term bandaid fix that won't last long.
Cheaters NEVER win for long.
Dell reduced 13,000 jobs since last year and mostly in Xiamen.
This is happening everywhere.
no sympathy for that rogue nation !
With $35trillion in debt, we're head down the same path one day.
I was keen to go a year ago but visa impossible. Unhelpful official agent here in hk. Just too hard. Enjoyed Taiwan instead .
China is in OOF mode!
They said, "Don't squeeze the Xiamen!" But they did - too much gentrification squeezes out the workers... always. RIP beautiful scene.
I don't know why this is a big deal it is the same everywhere you go in a tourist area. All around the world anywhere. Just do your research before you go. It's not just China.
These shop owners are charging US prices for food…. lol …. they are crazy considering that most people in China are low income
We all can receive all the news coming out of America.
News reports are very imited about where they can go in China and North Korea.
Been there like 3 times.Indeed busltling city before Corona.
cant pay with cash, credit card, bank card, google pay..... no mystery
back in the days when China was very wealthy, they would hire lots of actors to prove you wrong.
That's why it is important to save money while you have an income.
That only works for small items. The Chinese have no place to put their money. Most people “invested” in real estate. Others bought stocks. Those “investments” lost their money. Others put their money in banks. A lot of banks went broke and others won’t let you withdraw money.
Bat soup tourism ends 😊
The world wants reparations for COVID.
What a down turn . XI on the downward slide. Shame it won’t be fast.
Very peaceful no crimes convert it to agriculture land
Wats happening about foreign teachers that are teaching in China
if you can lie, lie it now.
And yet they still insist it's a new golden age and the best time ever to invest in China 😂
Although they should take advantage of it while they can. I _love_ going places and being the only one there; much better than lots of crowds 😊
Tourists/foreigners: beware!!!
👏 👏 👏
COME ON MAN it dont take long before the reputation of a tourist spot get around the world and then the FOOLS that kept doing this to the people would lose ALL business dont make sense but that is CHINESE THINKING
Shouldn't have been ripping off tourists.
😅Are you making a mountain out of a mole hill??
We are in China 😅
It will get worse the next 5 years
who thought that fake safty standadrd/ sewer cooking oil are a bad idea lol/
Chinese peoples are facing and backing,to previous poverty,BIG CARMA
China reported they had 60m overseas visitors in 2023
However, China classes HK and Macau as overseas
If you go to the border of HK or Macau you will see thousands of runners who are carrying tax free goods into China these are not tourists
I wonder if the CCP likes having so many people avoiding taxes.
@@danielch6662 was strange in Zhuhai close to Macau
Locals from Macau came to China for food shopping and Chinese went to Macau for anything that wasn’t food
❤❤❤❤❤❤🎉🎉🎉🎉🎉😊😊😊😊берегите здоровья счастья 😊😊😊😊
PROPAGANDA BS.....
I was in Xiamen 2 weeks ago, plenty of people around
Wouldn’t worry me at all 😂 we’ll never visit CCP China any way.
It only takes a few bad actors, to ruin the reputation of a tourist spot!
A few ??? The majority of the shops are scammers ! Don't buy anything in China. There are genuine and good products but not at tourist spots.
What goes around comes around..