Are these the same wages that employers have not paid in months and the government expect people to get loans to pay for their daily living expenses like food and rent.
UNLESS YOU DO CONSTRUCTION EVERY JOB IN THE CITY IS A FABRICATION. THEY CAN PULL THE PLUG ANY MINUTE PRAY FOR THE PEOPLE OF CHINA TO OVERTHROW THEIR COMMUNIST REGIME AND BE FREE AGAIN
" This should be led by central government " Central government is who is to blame for your problems, government should be as small as possible and deside as little as possible.
I was wondering about that too. It seems to be about the beauty standards requiring them to use makeup. These social standards seem to have been around for thousands of years, at least for the wealthier people and special occasions. Nowadays, in addition to photo filters, there are also real-time video filters. Not unlike elsewhere in the world, but IMO, the facade is very strong with these people. Edit: To be fair; Many try to use more extreme filters for anonymity when criticizing the government etc..
chinese almost never selfie without face filters especially women that's normal for them, it's the country of lying and fakeing not just a criticism but a fact their entire culture is cheating, well the culture pushed by the CCCP to create chaos and division but they seem to have grossly miscalculated the end result
That is what happens if the housing market was super hot. And has crashed. Yup, a lot of fake value, a lot of sales, a lot of heated air in that system. Those houses were not the worth the price they were sold at. But hey, young guys need a house else nobody marries them. And don't forget all the single women who have their own house. And the Investment 2nd and 3rd appartments.
What's the mechanism whereby the situation of a whole bunch of property owners suddenly being underwater, and the bottom dropping out on rents, and then that leads to higher consumer prices? It seems like middle class people would have less discretionary money to spend, and so their pressure on consumer prices would be reduced. Poor people who negotiated lower rents would have more money, but enough to cause so much food price inflation? There were floods in rainy season, and typhoon damage, but those are a matter of degree, maybe slightly worse than normal, rather than new phenomena, weren't they? There some global inflation, due to the Russian war (that area was a breadbasket area), and ship rerouting due to shipping attacks near Yemen, and new realizations during the quarantine. Is it all of that, AND something else? If so... what else?
@@GizzyDillespee Most middle class aren't rentiers, they are debtors paying off an apartment that has crashed in value. So the cost of living crisis is debt repayment, plus interest on debt, plus low wages and employment. The deflation + cost of living crisis happened because everyone there is broke and there's no demand. Luxury goods markets are already collapsing, rest will follow.
The only way to stimulate consumer spending is to put more money in the hands of the consumers They need to find a way to get people their unpaid back wages and put them back to work.
The Chinese Communist Party (CCP) has stated that China's GDP is growing and is expected to surpass 130 trillion yuan ($17.7 trillion) in 2024. However, some have questioned the accuracy of China's official GDP numbers. Explanation GDP growth The CCP has stated that China's GDP is growing and is expected to surpass 130 trillion yuan ($17.7 trillion) in 2024. Skepticism Some have questioned the accuracy of China's official GDP numbers. Alternative metrics Some experts have used alternative metrics to get a better handle on China's economy. Li Keqiang Index The Li Keqiang Index is a proxy metric that uses electricity consumption, railway cargo volume, and bank lending to gauge the economy. Overstated growth Some argue that GDP growth has been overstated by 3 percentage points for each of the past three years. Related facts China is the world's second largest economy. China's real GDP per capita was estimated to be $22,100 in 2023.
It'sd not that people won't spend, because we all like to spend, but that there is no direct path to currency with a closed-circulation system. Without foreign investment, the only gate-keeper to cash inflow is the CCP itself. the CCP is doing this. best wishes, and good luck for those in the dark times.
People will not spend more money than they need while their jobs are under threat, while companies do not pay wages and so many factories are leaving China, and local businesses are closing.
And yet the western economic experts never mention any of this bad news. They still speak of growth and China doing well. exporting cars and solar panels
If economy in communist red China is so good. Why are there so many people from communist red China fleeing to the US illegally through Mexico. Why not stay in China?
And yet spending has, reportedly, continued to rise in 2024, with further growth expected in 2025… I wouldn’t hold my breath… so let’s see who’s right.
China has a massive issue with urban design, the architecture is built without any thought as to how it will function. I have travelled extensively through China and stayed in chongqing, the cities have no soul, development isolates the residents and treats them like robots.
It's actually difficult to say which method of government handouts/subsidies is worse. Direct handouts to citizens tends to increase inflation rapidly, but the increase is relatively contained given the limits on average consumer spending capacity; on the other hand, handouts/stimulus/subsidies to local governments and institutions (i.e. not individuals) tends not to increase inflation rapidly, but the limits on inflation increase tends to be limitless because government agencies are not limited in their spending capacity or authority.
When DOGE in Washington D.C. hits, I expect housing prices in the area, including N. Virginia, to plummet. I can see why the CCP, despite having to print the cash, is doling it out to public servants. This accomplishes multiple objectives.
The govt is silly by squeezing and more squeezing on the people just to have the govt inherit more cash. What is the point of their encouragements of spending money when employment is slumping, wages slashed by big margin, and mass layouts/closedown.
Western economists told China years ago that they needed to move to a consumer based economy instead of their export based economy. The Chinese ignored this advice and we are now seeing the results. China's meteoric rise is being followed by a meteoric fall.
The guy recommending spending and socialising comes across as a mean , nasty bullying beast-master . These schizophrenic signals create massive conflict .
Online shopping has not killed retail everywhere. The issue is that the west builds them as a solo place without support. Malls that are attached to transport (bus stations, train stations, etc.) are still popular in central Europe.
You don't need all that stuff in a Communistic nation. Each according to their own. 3:50 That city (don't know the name) is absolutely stunningly beautiful. It looks like old pre-communistic cultural China next to modern China. 4:42 Just print some money. It's easy and it doesn't bring the value down at all.
It's hard for anyone to find a job in so many different countries right now, as AI gets better, it will get worse. I wonder where this is all heading...
It is NEVER a good idea to buy a house in communist red China because you do NOT won the house, The communist government owns it. You just lead it for 70 years, after that the house goes back to the communist government. You own nothing.
How can they spend money they cannot even withdraw from their bank?
The U.S. government can't pay its debts, but it can still borrow money.
@apocain so. The subject was China.
MAKES ME IRRITATEE🍯
把路堵死，然後研究如何打通
把人隔離，然後研究如何促進消費
把企業搞黃，然後研究如何解決就業
把外資嚇跑，然後研究如何招商引資 SO GOOD WOW RICK SHEA
This is the advice of China's brightest economists? Telling people to spend money they don't have does not bode well for the country.
That’s all they are allowed to say, probably
They're politicians not economists.
The people aren't stupid if wages aren't increasing why would they spend
Lots of people are actually working without pay...
The millionaires and billionaires have to do the spending then!
They’re pretty stupid. They aren’t spending because they lack money to spend.
Maybe they can become part of Taiwan 🇹🇼 and then can vote for their president like they can in Taiwan
Where are they getting this money to spend? Unpaid wages. Low wages.
The CCP also officially announced that East is West, left is right, up is down, and black is white.
Are these the same wages that employers have not paid in months and the government expect people to get loans to pay for their daily living expenses like food and rent.
unpaid and asset frozen in banks
UNLESS YOU DO CONSTRUCTION EVERY JOB IN THE CITY IS A FABRICATION. THEY CAN PULL THE PLUG ANY MINUTE PRAY FOR THE PEOPLE OF CHINA TO OVERTHROW THEIR COMMUNIST REGIME AND BE FREE AGAIN
Dont worry, CCP just show another video of how great their light city, emergency service, and how great their country
" This should be led by central government "
Central government is who is to blame for your problems, government should be as small as possible and deside as little as possible.
Why do these women look weirdly artificial?
Filters.
Asian women often use more makeup than western women.
I was wondering about that too. It seems to be about the beauty standards requiring them to use makeup. These social standards seem to have been around for thousands of years, at least for the wealthier people and special occasions. Nowadays, in addition to photo filters, there are also real-time video filters. Not unlike elsewhere in the world, but IMO, the facade is very strong with these people.
Edit: To be fair; Many try to use more extreme filters for anonymity when criticizing the government etc..
Their fancy smartphones have this filter for visual effects
chinese almost never selfie without face filters especially women that's normal for them, it's the country of lying and fakeing not just a criticism but a fact their entire culture is cheating, well the culture pushed by the CCCP to create chaos and division but they seem to have grossly miscalculated the end result
Writing job in the times of AI? Double whammy.
Housing costs are plummeting, but living costs are rising. Wtf?
Bursting bubbles cause interesting effects.
That is what happens if the housing market was super hot. And has crashed.
Yup, a lot of fake value, a lot of sales, a lot of heated air in that system.
Those houses were not the worth the price they were sold at. But hey, young guys need a house else nobody marries them. And don't forget all the single women who have their own house. And the Investment 2nd and 3rd appartments.
Stores closing and less volume of sales. = prices rise.
What's the mechanism whereby the situation of a whole bunch of property owners suddenly being underwater, and the bottom dropping out on rents, and then that leads to higher consumer prices? It seems like middle class people would have less discretionary money to spend, and so their pressure on consumer prices would be reduced. Poor people who negotiated lower rents would have more money, but enough to cause so much food price inflation? There were floods in rainy season, and typhoon damage, but those are a matter of degree, maybe slightly worse than normal, rather than new phenomena, weren't they? There some global inflation, due to the Russian war (that area was a breadbasket area), and ship rerouting due to shipping attacks near Yemen, and new realizations during the quarantine. Is it all of that, AND something else? If so... what else?
@@GizzyDillespee Most middle class aren't rentiers, they are debtors paying off an apartment that has crashed in value. So the cost of living crisis is debt repayment, plus interest on debt, plus low wages and employment. The deflation + cost of living crisis happened because everyone there is broke and there's no demand. Luxury goods markets are already collapsing, rest will follow.
Don't listen to Tofu-Dreg politicians
Nor Westerners clowns.
Thank you David for reporting, you have kept us up to speed
The only way to stimulate consumer spending is to put more money in the hands of the consumers They need to find a way to get people their unpaid back wages and put them back to work.
And REDUCE taxation.
@@slacker1 they are way past taxation, government officials aren't paid so racketeer citizens to get their salaries
@ I so get it now. Thank You
Seems every third tier Chinese city is like Chongqing. Physically a metropolis, but fundamentally a rural village.
But the ccp say, gdp grow is 5.6%.
Something do not fit!
The Chinese Communist Party (CCP) has stated that China's GDP is growing and is expected to surpass 130 trillion yuan ($17.7 trillion) in 2024. However, some have questioned the accuracy of China's official GDP numbers.
Explanation
GDP growth
The CCP has stated that China's GDP is growing and is expected to surpass 130 trillion yuan ($17.7 trillion) in 2024.
Skepticism
Some have questioned the accuracy of China's official GDP numbers.
Alternative metrics
Some experts have used alternative metrics to get a better handle on China's economy.
Li Keqiang Index
The Li Keqiang Index is a proxy metric that uses electricity consumption, railway cargo volume, and bank lending to gauge the economy.
Overstated growth
Some argue that GDP growth has been overstated by 3 percentage points for each of the past three years.
Related facts
China is the world's second largest economy.
China's real GDP per capita was estimated to be $22,100 in 2023.
Propaganda 🇨🇳
Chinese GDP just make believe
Next request is that they work for free or return last years salaries
How can the ordinary citizen withdraw ANY money without being cited with violations by the State? 😥😞
Going into more debt just to say that you were spending to help others is exactly how you got yourself where you are.
And only make the rich richer!
It'sd not that people won't spend, because we all like to spend, but that there is no direct path to currency with a closed-circulation system. Without foreign investment, the only gate-keeper to cash inflow is the CCP itself. the CCP is doing this. best wishes, and good luck for those in the dark times.
People will not spend more money than they need while their jobs are under threat, while companies do not pay wages
and so many factories are leaving China, and local businesses are closing.
And yet the western economic experts never mention any of this bad news.
They still speak of growth and China doing well. exporting cars and solar panels
If economy in communist red China is so good. Why are there so many people from communist red China fleeing to the US illegally through Mexico. Why not stay in China?
It's only the F&B and shopping retail that are affected...it's too saturated.
the people "we're eating shoe laces"
CCCP "spend more money"
Do you think the CCP care about its people. NO. Their main concern is the party.
And yet spending has, reportedly, continued to rise in 2024, with further growth expected in 2025… I wouldn’t hold my breath… so let’s see who’s right.
China has a massive issue with urban design, the architecture is built without any thought as to how it will function. I have travelled extensively through China and stayed in chongqing, the cities have no soul, development isolates the residents and treats them like robots.
Talking about Fengshui.
These leaders are delusional
This will not end well..... History does not see a soft landing in this issue. Here we go again
Simple: People can't spend if they can't earn.
Maybe if the CCP wasn't spending massive amounts on RDI projects in other countries and a massive arms build-up. . . .
Go Rice Farm !!!!!!!!! 🇨🇳🇨🇳🇨🇳
It's actually difficult to say which method of government handouts/subsidies is worse. Direct handouts to citizens tends to increase inflation rapidly, but the increase is relatively contained given the limits on average consumer spending capacity; on the other hand, handouts/stimulus/subsidies to local governments and institutions (i.e. not individuals) tends not to increase inflation rapidly, but the limits on inflation increase tends to be limitless because government agencies are not limited in their spending capacity or authority.
When corrupt people run society, this is what you get
All the poor people must meet their obligation ,,,to pay for the madmans biggest army in the world ,its the same in Russia
"Ideally this should be led by the central government" LOL
I'm not sure it's possible to be more wrong......
Don't worry, I'm sure things will get better once Trump is President. 🤣
Only in China you can have a win-win-win situation
They don't have money, how come they encourage consumptions.
When DOGE in Washington D.C. hits, I expect housing prices in the area, including N. Virginia, to plummet. I can see why the CCP, despite having to print the cash, is doling it out to public servants. This accomplishes multiple objectives.
if you pay attention this shit been happening before corvid.
And is still happening now.
the country have no God.😢
🤣
Nowadays, the whole world has a common god - money. 😂
Sounds like the laying flat movement was in the right. There's no point in even trying.
Enjoy The Decline book written 2013.
Now inflations hit all around the world.
Sounds like there's going to be a huge shortage of Chungking bristle.
Yes, Jimmy Kimmel 😂😂😂😂😂 pleased 😁 Bankruptcy 😌😌😌😌😌 again
🙏🏼💙 my heart goes out to the Chinese citizens
Do a lot of Chinese people have hearing impairments because they often seem to talk very loudly?
Amen stimulate beyond the rate of deflation
The govt is silly by squeezing and more squeezing on the people just to have the govt inherit more cash. What is the point of their encouragements of spending money when employment is slumping, wages slashed by big margin, and mass layouts/closedown.
Love this beautiful city, sorry to hear about its travails.
For a second there I thought she was talking about Vancouver, BC.
giving them money may ease the officials finacial sitch ... becomes a crutch instead of fig how tp be self sufficient and resourceful.
Western economists told China years ago that they needed to move to a consumer based economy instead of their export based economy. The Chinese ignored this advice and we are now seeing the results. China's meteoric rise is being followed by a meteoric fall.
Online shopping is the problem, its happening in many Countrys.
I thought Chongqing just opened a new skyscraper complex. Seems like they are doing well to me.
Communism working as intended.
The guy recommending spending and socialising comes across as a mean , nasty bullying beast-master . These schizophrenic signals create massive conflict .
Chinese people work hard, hopefully things get better for them
Don't worry they will cut their money later and also tell them they need to pay it all back......... OH WAIT THEY ALREADY DID THAT
Give subsidy credit that expire unless they are used within 45 days.
the new airport looks great
Online shopping is killing retail all over the world. lol.
Online shopping has not killed retail everywhere. The issue is that the west builds them as a solo place without support. Malls that are attached to transport (bus stations, train stations, etc.) are still popular in central Europe.
You are absolutely right, and wait until the Ai and robotics kicks in hard. These people will be clawing at each other.
The markets should reflect the losses they create for those who should be or are in commodities
make this every city and youll have the us
You don't need all that stuff in a Communistic nation. Each according to their own. 3:50
That city (don't know the name) is absolutely stunningly beautiful. It looks like old pre-communistic cultural China next to modern China. 4:42
Just print some money. It's easy and it doesn't bring the value down at all.
Does any Chinese woman speak on camera without using filters?
but but but CCP announced China GDP GREW by 5 percent last year. Chinese are rich. Arn't they?
Guys you are put on "red note"
Thank you buddy
I feel bad for the people of China. I don't feel bad for these governments worldwide.
As i learn to properly pronounce all chinese words the country will be on a boom
i beg Taiwan not to buy West Taiwan , not a good deal , even for $1.- !
Good night y’all, just another cold night trying to relax while listening to some stuffs like this lol
👍👍
It's hard for anyone to find a job in so many different countries right now, as AI gets better, it will get worse. I wonder where this is all heading...
We know where it’s headed. It’s going to get very bad unless we democratize ownership of some of these new technologies
Please send money
Beg robot droid an then because human were fired
You say yuan, i think (toilet paper).
Ok I thought chong qing was just making fun of asians by saying Ching Chong. Didn't know it was a real place!
Lots of shopping in Elon Walled City
the first woman looks pretty. //
😢
True, I did not see the all wonen today.. deal breakers.
Are the faces real?
The girl at the beginning looks fake.
Or extremely pretty.
So now is a good time to buy a house in China? 🤣
It is NEVER a good idea to buy a house in communist red China because you do NOT won the house, The communist government owns it. You just lead it for 70 years, after that the house goes back to the communist government. You own nothing.
😂
If you werent so anti China I might have believed this.
if China wasn't so anti West, this might not have happened.
Being anti-CCP isn't being anti-China.
she's a cutie.
Isn't someone going to come here from the US and say how falling prices (deflation) vs. slight inflation is the best thing ever?! Ugh
Nicely stated, Comrade. Come to China and help bring Utopia to the masses!
Falling prices are good if they're caused by increased productivity.
Falling prices are good if production increases.
Lies ,lies,lies and fake news....
那你来说说重庆目前的情况如何
@djaristos5493 sorry to say it , but i don't think its fake news. food is bad, infrastructure is bad, human rights are also bad.
This is all truth and factual news
But communist red China CCP and emperor Xi Jin PIG (Winnie the Poop) is well know for lying.
CCP put out a press release?
soon there will be buy "patriotic" homes/food/cars etc
UK is like this now.
Qingchong in Chongqing 😇
IF CHINA GDP GROW 5% COLLAPES，HOW IS OTHER COUNTRY?
you know i had to ask before a yuan is 14 cents right they dont make sht
(is . . .toilet paper) bills commonly have the same serial number !
Taiwanese frogs. Taiwan is a province of the Philippines
*FIATSLOP*