Patriotism of Xinnie PorkPooh #slopaganda #misery #shillbroth #tubecensor - 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 and pay are experiencing hyperstagdeflation while necessities are undergoing hyper flation. -Youth unemployment hits over 21% (in reality 75%+ 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 90%+ without streams, and middle class people over 35 will all be laid off with pays trimmed in half. 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 Fei Fei Li the AI Spy and stealer-Has ties to the Party with Tsinghua University WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
It took years... and some companies moved to the mainland, rather than to freer Asian cities, when Hong Kong's benefits no longer existed. But yeah... what a difference, when a city switches to totalitarianism and unpredictable rules. Who could've predicted?🤣
Used to visit this mall twice a week for years. It's heartbreaking but impossible to understand why the CCP wanted to forcibly shut down so many GDP-generating industries when it's not making the economic environment so hostile for foreign companies and foreign investment that would otherwise create a thriving economy. The CCP's 2022 National Policy to transform China into a nation of farmers and soldiers has only succeeded in transforming China into a banana republic.
@@MasticinaAkicta AMERICAN POLITICIANS ONLY THINK FOR 4 YEARS. 2 YEARS THEY WASTE ONLY ON ELECTIONS. CHINA IS BUILDING CITIES IN THE MID. THEY ALREADY ARE MOVING COASTAL INDUSRTY TO IN LAND. THIS IS MIND BOGGLING PROJECT. THEY ARE BUILDING SCHOOLS. ROADS, UNIVERSITIES, ROADS, BRIDGES, DAMS, HIGHWAYS, PARKS AND WATER PROCEESING PLANTS AND EVERYTHING IN BETWEEN AND OF COURSE FACTORIES. ITS 20 YEARS PROJECT. YOUR TINY BRAIN DOES NOT EVEN HAVE THE CAPACITY TO COMPREHEND THE SCALE OF THIS PROJECT.
You would think the CCP would want to milk that golden cow of Western FDI for all it's worth and play the game for decades more, but no, Xi ended it all with insanely stupid policies and ill-advised actions. Talk about a self-inflicted wound.
Online shopping may have destroyed the retailers with lower prices, but they’ve also taken money away from future customers. With more unemployment who will buy your products?
Online shopping also has employees. Literally, only the malls and real estate commercial spaces are empty. The unemployment is a problem for the whole economy. The online vs brick and mortar stores have the same effect on the economy.
This is exactly what happened in Spain in 2008, during the global crisis. The real estate bubble burst abruptly, thousands of shops closed because consumption dropped dramatically. Unemployment rose sharply and there were also companies that left their customers without their money. It took us 15 years to recover (and not completely) but we started with the advantage of being helped by the world's largest consumers: the United States and Europe.
And now Spain is hostile to those consumers, tourists mostly. I'm not saying that all tourists behave well, but good god the Spanish look ungrateful when they publicly shame or yell at tourists.
This is the exact same situation in many American cities too. Santa Monica California now looks like a ghost town. Every once-thriving restaurant, boutique, mall, coffee shop, and fitness studio has been boarded up. Drug addicts are everywhere and violent crime has gone through the roof.
Back in 2006ish I would spend every summer weekend in Venice.. you could just start to see some homeless activity, albeit was not bad. Vibe was chill and never saw a single thing happening untoward for the years I went. I suppose everything has changed now nearly 20 years later. Sad.
Vacancies are rampant across Chinese shopping malls as debilitated demand deadens everything. The retail industry is really bearing the brunt of such looming crisis.
SHANGHAI IS CHEAPER THAN USA. YOU ARE JELOUS BECAUSE FILTHY HOTELS IN AMERICA ARE CHARGING YOU 500$ PER NIGHT. YOU KNOW SHANGHAI IS AFFORDABLE BUT YOIUR ASS IS BURNING BECAUSE GRREDY ARE SHAFTING YOU IN AMERICA WITH GARBAGE SERVICE
@@DK-gj5sp 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-gap 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. Credits to Laffey!
@@Nova2Yung RUclips DELETES MY COMMENTS WHEN I SAY USA WITH 35T DEBT IS STARTING WARS AROUND TTHE WORLD WHICH IS TRUE BECUASE RUclips DONOT WANTS FOOLS LIKE YIU AWAKEN FROM SLUMBER AND START REVOLUTION IN AMERICA
OMG... the self-improvement exercise store calls themselves "Karma Yoga"?! What hubris! I suppose, if I lost some weight, that could be of some small benefit to the people who have to look at me... but... OMGLOL!🤣
How qualified are those advisors assisting the Chinese economy? I see China is practicing tit-for-tat against the West rather than viewing a broader perspective of its economy.
Those on top are just trying to survive to keep their jobs, so much information has been dwindled to reach the top whether it’s chairmen or to Xi. People are afraid to speak ill and it backfires on the messenger, lose their jobs or disappear. Therefore a lot of the information tends to be skewed in any effort to please those up top, but it leads to a lot of mismanagement on nearly every sector.
"Professional deadbeats", "professional closers". Wow, China invented a new industry niche. Other countries should seriously consider this new business model.
Yes but apart from the fact that the CCP can fake any figures you can also fudge GDP legitimately with government spending which never reaches consumers, or if it does, which consumers never spend
@@WarHplease face the reality. China’s GDP 5% increase. Is it hard to understand? Or your math isn’t bad? No, you just like to hear the opposite, not is not truth!
@@tommylee2137 well let’s put it this way. My wife is from the Philippines. She knows a lot about China and the people that run that country or nothing but liars they care nothing about outside the country. Don’t even care about their old people and for 5% GDP that’s a bunch of bullshit America has 2 1/2 GDP and we have a lot more going for us in this country that they do in that country and we only hit 2 1/2 so what’s the truth?
I’m still stunned by witless wonders who think opening a restaurant is something you can do without long experience and exhaustive due diligence. And even THEN it’s risky! And even when you are the rare individual who is actually enjoying some measure of success, the Chinese herd stampedes in and opens a dozen of the same exact business within 2 blocks of yours, ensuring everyone fails. It’s a MUCH safer investment, causes significantly less pain, and with MUCH better odds of success, to simply empty your bank accounts, or take a loan, head to Macau, saunter over to roulette tables, and put it all on Black.
The REAL entrepeneurs will be selling convenience items, and little American flags, to the line of people outside the US consulate🤣. The outlook for malls isn't so good in 2024 compared to in 1998. The operational costs always have been onerous. In 2004, when my friend told me how much they'd been increasing her rent each year, while mall traffic was steadily declining, then I knew it couldn't last. The owners lost alnost all of their stores, rather than charging a sustainable rent. Now the venture capital ownership has to maintain the property for the few stores that remain. This is in the USA. Perhaps in China, there are similar retail trends?
Her mall was owned by Pyramid Corp. I called them venture capitalists, but they'd probably disagree with my label. Maybe real estate speculators is a better term.
@@GizzyDillespee a lot of businesses here in America they’re closing in the malls only because they know they could do better online and have absolutely zero overhead. It’s a no-brainer and besides that everybody in this damn country buys online anyhow. I’m 63 years old. I love going to the mall, but now I buy everything online, it’s easier. If it says made in China, I sent it right back. I will not buy anything that’s made in China and that’s not because of the people it’s because of the assholes that run that country. I will not buy a damn thing that’s made in China.
Not an objective commentary report at all. Walmart is losing yo it’s bad product selection and marketing and to the online shopping platform. Mei Lun Mall was very old and never did any remodeling.. just simply bad operation. This is another channel that makes the conclusion first and then selects the specific content to fit the judgement. China economy is currently under challenge but this channel does not post a fair and objective statement here.
Memories memories memories. I used to work for a company which office was at Westgate Mall “ Mei long Zhen” .. at that time it was a bustling mall in such a prime location… I still remember my crazy days there ,. sad to watch this video n seeing its end . It’s truly game over.
the shopping mall is closing for renovations... also when the video says almost 7000 stores close in china already this year, they should also say how many stores open. This is deceiving information
Shanghai and Hongkong were the most favorite city of foreigners in China. If the foreigners do not visit, it will be emptied by no means. China made very harsh law for foreigners to visit and nobody wanted to be arrested there. Naturally those cities became empty! Furthermore they blocked K-pop in China! If those cities were available to hold K-pop concerts there, there would be full of foreigners and not closed!
Just started watching the video - the likes were at 827 and the numbers were faded, I tapped thumbs-up, the numbers are the regular white color, but, now the likes are at 429?!
technically it was a crappy old mall, couldn't compete with better located malls in the area and was near empty every single time i went there (theres at least 6 more recently built/modern shopping malls on the same street)
Lesson learned here. You act like a rude and threatening attitude, people around the world won’t like you. People can live with nothing and live peacefully and happy.
I don’t really agree that online shopping brought down visits to physical stores. People would still enjoy food n entertainment n window shopping. Also if sales are that good online the profit can still be ploughed back to make physical store a customer experience . No reason to close. The only reason for the closure of any mall is economic downturn. To say it’s anything else is sugar coating
China should at present spend hugely to restart the economy.after performing superbly that is the envy of the whole world it is meaningless to discontinue the process.forget about excessive debt but just pumping as much money as possible in the economy.at the same time factory premises made vacant by foreign companies to be taken over by local Chinese companies.plus there should be direct threat to foreign countries that there products will be banned in china if they move out of china.should do more trade with India as Indian government is opening up about Chinese fdi as well giving huge visas to Chinese technocrats.there is a global conspiracy to lower china s status as a top performer in every area.
Much of this mirrors the traditional business pattern in China, added to foreign company financial woes which we see overseas at present. Online shopping has been visably establishing and taking over for many years, with consumers welcoming the savings opportunities. It's a changing world, we will adapt. 😊
That is a factor but the Russian invasion of Ukraine changed the ground rules. Businesses and jobs began to leave China. Especially every time it threatened 215 taiwan. It's time for both Nations to end this feud and recognized each other as independent states.
@@DK-gj5sp 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-gap 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. Credits to laffey!
Story #1; 28 years. Aren't commerical properties only sold for 30 years? Is it possible the "owners" did not want to (have to) buy their property from the CCP during this economic downturn and thus closed all the shops. Inquiring mind wants to know. I desire a response from China Observer. They, the content provider, does not have to research this, but we deserve to know what they know.
Possible, but even assuming that the CCP let them occupy it for free, the bottomline is that they don't make money even for maintenance of the property. It's just basically a white elephant for the owners now.
Economy is like an engine. It's easy to keep running but hard to get up from the stop. I won't be surprise that this is still the effect of pandemic lockdown back many years ago
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China should tax online shopping making it more expensive this will prevent collapse of city centers. Also delivery should be more expensive so people will eat out more.
Omg, this is such propaganda. I'm living in Shanghai. There is constant building here and new malls opening up. It's crazy. I was just at one the other day in Zhenru. Spectacular. The entire complex and surrounding area. This one here in the video looks old and run down. There are so many other beautiful places you can go. I was also just on Nanjing Road East 2 weeks ago walking out to the bund. I have never seen so many people in my life. It was about 9 pm and it seemed as if easily more than 50,000 people, maybe even 100,000 people were walking out to view the Bund. I used to admire a lot of videos that this channel puts out but this above is absolute trash. Makes me feel it must have backing from some of the alphabet agencies. I couldn't get through more than a few minutes of it. Just nonsense. A lot of people lost jobs in China, but focusing on these run down less popular shopping malls while there are so many new spectacular ones is just nonsense.
Only a Chinese would boast about how many new malls were being built while the old ones are empty because they are not needed, you just can not adjust to reality can you?
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Only the US Consulate left standing. Now there’s some symbolism to upset Xi !
Patriotism of Xinnie PorkPooh #slopaganda #misery #shillbroth #tubecensor
- 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 and pay are experiencing hyperstagdeflation while necessities are undergoing hyper flation.
-Youth unemployment hits over 21% (in reality 75%+ 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 90%+ without streams, and middle class people over 35 will all be laid off with pays trimmed in half.
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
Fei Fei Li the AI Spy and stealer-Has ties to the Party with Tsinghua University
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
God alone knows what Xi is told at this point.
@@sleepinglaffey3886 drop the facts Laffey, all credits to you !
Who upsetting who? Xi might be the sole perpetrator to cause all these unfortunate circumstances.
@@Nova2Yung Its a OOF-conomy!
Ironic that a US owned property is the only thing keeping that mall alive.
@@lostlogic6911 🤣🤣🤣
It's poetic. Since the US has been largely responsible for China's prosperity.
@@Byrvurraexactly.
@lostlogic6911..I don't think the US own that property, they rented and when the lease is expired, the consulate will leave also.
@@HoaMocLan998 I wasn't talking about the mall, I was talking about the US Embassy, which by nature makes that area technically part of the US.
I only feel sorry for Hong Kong , from the Top of Asia down to the bottom last of Asia in just few months,
It took years... and some companies moved to the mainland, rather than to freer Asian cities, when Hong Kong's benefits no longer existed. But yeah... what a difference, when a city switches to totalitarianism and unpredictable rules. Who could've predicted?🤣
HONG KONG IS 100X BETTER NOW THAN BEFORE. WESTERN AGENTS WERE LIVING IN HONG KONG BEFORE. CHINA FIXED THEM
@@GizzyDillespee Dictatorship always go along side with Destruction.
CCP the enemy of Humanity. Blessings to 🇹🇼, 🇺🇦 & 🇭🇰.❤❤❤
One Country, Two Systems. The two systems were oppression of the oppressed and the other was oppression of the formerly free.
Used to visit this mall twice a week for years. It's heartbreaking but impossible to understand why the CCP wanted to forcibly shut down so many GDP-generating industries when it's not making the economic environment so hostile for foreign companies and foreign investment that would otherwise create a thriving economy.
The CCP's 2022 National Policy to transform China into a nation of farmers and soldiers has only succeeded in transforming China into a banana republic.
YOU ARE LYING THROUGH YOUR TEETH. YOU CAN NOT EVEN FIND CHINA ON THE WORLD MAP
Long Term Planning isn't in the book with China.
They can make a plan for 5 years. But 20???
@@MasticinaAkicta AMERICAN POLITICIANS ONLY THINK FOR 4 YEARS. 2 YEARS THEY WASTE ONLY ON ELECTIONS. CHINA IS BUILDING CITIES IN THE MID. THEY ALREADY ARE MOVING COASTAL INDUSRTY TO IN LAND. THIS IS MIND BOGGLING PROJECT. THEY ARE BUILDING SCHOOLS. ROADS, UNIVERSITIES, ROADS, BRIDGES, DAMS, HIGHWAYS, PARKS AND WATER PROCEESING PLANTS AND EVERYTHING IN BETWEEN AND OF COURSE FACTORIES. ITS 20 YEARS PROJECT. YOUR TINY BRAIN DOES NOT EVEN HAVE THE CAPACITY TO COMPREHEND THE SCALE OF THIS PROJECT.
Go back to rice farming 🇨🇳
You would think the CCP would want to milk that golden cow of Western FDI for all it's worth and play the game for decades more, but no, Xi ended it all with insanely stupid policies and ill-advised actions. Talk about a self-inflicted wound.
Only the U.S. Consulate left open, with a big line of Chinese citizens, trying to get visas...
中国已经崩溃了20年。不要关注中国。
Yap, that’s 1 billion plus Chinese want to get out of 🇨🇳..oh no…
@sarailustre8131 中国已经崩溃了😭请不要再关注中国了
Thank you Xi
The only booming business is visas to get out. And funeral parlors
Covid bio labs 🇨🇳
@@PsyrenXY its apocalyptic at this point, i thought i’d see this only in cyberpunk not real life🤣
Where are the “Belt and Road” shoppers? Especially from Russia?
@@Canucks988 they’re being turned into cannonfodder in Ukraine 😔
Russians are being packed off to Ukraine to get droned.
Half of the city’s stores were closed in San Francisco. 😮
Now if the US Embassy in Shanghai would just shutdown.
China will accuse the US of 'malicious closure'.
dont know why they still bother issuing visas to probable spies and saboteurs.
Online shopping may have destroyed the retailers with lower prices, but they’ve also taken money away from future customers. With more unemployment who will buy your products?
Online shopping also has employees. Literally, only the malls and real estate commercial spaces are empty. The unemployment is a problem for the whole economy. The online vs brick and mortar stores have the same effect on the economy.
Online shopping it’s actually the same businesses, but there’s no overhead
@@karlyloExactly and people tend to forget who does all of the work like taking the orders, packing, shipping it out, etc…
Shopping malls everywhere are under pressure due to online competition. My favorite mall in Los Angeles closed, too.
This is exactly what happened in Spain in 2008, during the global crisis. The real estate bubble burst abruptly, thousands of shops closed because consumption dropped dramatically. Unemployment rose sharply and there were also companies that left their customers without their money. It took us 15 years to recover (and not completely) but we started with the advantage of being helped by the world's largest consumers: the United States and Europe.
And now Spain is hostile to those consumers, tourists mostly. I'm not saying that all tourists behave well, but good god the Spanish look ungrateful when they publicly shame or yell at tourists.
@@splatoon_octo ungrateful? You don't know anything abt real estate market unbalancing
Chinas problem is way worse, it’s being led by utterly incompetent old men with no-mates.
@@OrontesRM I'm responding to the first comment that said that tourists help Spain economically.
The last sentence will not apply to China.
This is the exact same situation in many American cities too. Santa Monica California now looks like a ghost town. Every once-thriving restaurant, boutique, mall, coffee shop, and fitness studio has been boarded up. Drug addicts are everywhere and violent crime has gone through the roof.
So much of what happened in southern California was driven by the boomers who are all dying off or at an age they no longer spend a lot of money.
Ok go back to China.
Back in 2006ish I would spend every summer weekend in Venice.. you could just start to see some homeless activity, albeit was not bad. Vibe was chill and never saw a single thing happening untoward for the years I went. I suppose everything has changed now nearly 20 years later. Sad.
It’s definitely not a ghost town lol. I live here.
Why are Costco, Starbucks still opening new outlets? It's crazy
Vacancies are rampant across Chinese shopping malls as debilitated demand deadens everything. The retail industry is really bearing the brunt of such looming crisis.
Rooms at Hilton Shanghai are less than 80 bucks a night. Shanghai ain't doing well
SHANGHAI IS CHEAPER THAN USA. YOU ARE JELOUS BECAUSE FILTHY HOTELS IN AMERICA ARE CHARGING YOU 500$ PER NIGHT. YOU KNOW SHANGHAI IS AFFORDABLE BUT YOIUR ASS IS BURNING BECAUSE GRREDY ARE SHAFTING YOU IN AMERICA WITH GARBAGE SERVICE
It was like 200 bucks at year 2000.😂😂😂
Yes but business at the US consulates business is up 856%🤔
@@stevep5408 the booming business is for visas to get out of the country…… and funerals…
MY FOOT. MOST ARE FROM HONG KONG. THEY ARE UNDER DEBT. 800% INCREAE OF 4 PEOPLE, 1200% INCREASE OF 10 PEOPLE, 1400% INCREASE OF 16 PEOPLE. BS!!!!
Its hard to spend money
When
You have no job
No money
No house
Debts up to your eye balls
And are struggling to not starve
I just came back from Shanghai yesterday. The mall u mentioned is just outdated and no longer competitive 。
Great!! America 🇺🇸
@@RatTerminator 🇺🇸🇺🇸🇺🇸🇺🇸 FREEDOM
hmmm dude, you shouldn't celebrate either XD
The fruits of Corrupt c. p. Great leap backwards
Winnie the pooh is sending the country back to the stone age! 😮
@DK-gj5sp if that's true, CN closed more than 11000% US rate lol
@@DK-gj5sp 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-gap 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.
Credits to Laffey!
Winnie's another banksters puppet just like the ones we have also destroying other countries
Mao age
@@Nova2Yung RUclips DELETES MY COMMENTS WHEN I SAY USA WITH 35T DEBT IS STARTING WARS AROUND TTHE WORLD WHICH IS TRUE BECUASE RUclips DONOT WANTS FOOLS LIKE YIU AWAKEN FROM SLUMBER AND START REVOLUTION IN AMERICA
OMG... the self-improvement exercise store calls themselves "Karma Yoga"?! What hubris! I suppose, if I lost some weight, that could be of some small benefit to the people who have to look at me... but... OMGLOL!🤣
The consulate should leave while they still can. Remember the last time citizens where told last moment to get out?
How qualified are those advisors assisting the Chinese economy? I see China is practicing tit-for-tat against the West rather than viewing a broader perspective of its economy.
Those on top are just trying to survive to keep their jobs, so much information has been dwindled to reach the top whether it’s chairmen or to Xi. People are afraid to speak ill and it backfires on the messenger, lose their jobs or disappear. Therefore a lot of the information tends to be skewed in any effort to please those up top, but it leads to a lot of mismanagement on nearly every sector.
What amazes me is that there's no news about crimes. Its largely peaceful place. Unlike in the USA, crimes are getting out of control.
You’ll get Bad karma from bullying
"Professional deadbeats", "professional closers". Wow, China invented a new industry niche. Other countries should seriously consider this new business model.
You're welcome, China. This is what happened in the USA thanks to you.
How come Chinese are travelling on holidays to Japan, Thailand etc.
Is this news for real.
But according to the CCP, China's economy is growing at a 5% rate.
@@Sayitlikitiz101 -5% made in china
Yes but apart from the fact that the CCP can fake any figures you can also fudge GDP legitimately with government spending which never reaches consumers, or if it does, which consumers never spend
tofu
@@WarHplease face the reality. China’s GDP 5% increase. Is it hard to understand? Or your math isn’t bad? No, you just like to hear the opposite, not is not truth!
@@tommylee2137 well let’s put it this way. My wife is from the Philippines. She knows a lot about China and the people that run that country or nothing but liars they care nothing about outside the country. Don’t even care about their old people and for 5% GDP that’s a bunch of bullshit America has 2 1/2 GDP and we have a lot more going for us in this country that they do in that country and we only hit 2 1/2 so what’s the truth?
Damn. The narrator is so articulate AND bilingual
U.S. Consulate should leave too
I’m still stunned by witless wonders who think opening a restaurant is something you can do without long experience and exhaustive due diligence. And even THEN it’s risky!
And even when you are the rare individual who is actually enjoying some measure of success, the Chinese herd stampedes in and opens a dozen of the same exact business within 2 blocks of yours, ensuring everyone fails.
It’s a MUCH safer investment, causes significantly less pain, and with MUCH better odds of success, to simply empty your bank accounts, or take a loan, head to Macau, saunter over to roulette tables, and put it all on Black.
They have fiat currency too.
You are dummy
The REAL entrepeneurs will be selling convenience items, and little American flags, to the line of people outside the US consulate🤣. The outlook for malls isn't so good in 2024 compared to in 1998. The operational costs always have been onerous. In 2004, when my friend told me how much they'd been increasing her rent each year, while mall traffic was steadily declining, then I knew it couldn't last. The owners lost alnost all of their stores, rather than charging a sustainable rent. Now the venture capital ownership has to maintain the property for the few stores that remain. This is in the USA. Perhaps in China, there are similar retail trends?
Her mall was owned by Pyramid Corp. I called them venture capitalists, but they'd probably disagree with my label. Maybe real estate speculators is a better term.
@@GizzyDillespee a lot of businesses here in America they’re closing in the malls only because they know they could do better online and have absolutely zero overhead. It’s a no-brainer and besides that everybody in this damn country buys online anyhow. I’m 63 years old. I love going to the mall, but now I buy everything online, it’s easier. If it says made in China, I sent it right back. I will not buy anything that’s made in China and that’s not because of the people it’s because of the assholes that run that country. I will not buy a damn thing that’s made in China.
Essential items are increasing like crazy,. Luxurious items are cutting prices....DEFLATION ?
Not an objective commentary report at all. Walmart is losing yo it’s bad product selection and marketing and to the online shopping platform. Mei Lun Mall was very old and never did any remodeling.. just simply bad operation. This is another channel that makes
the conclusion first and then selects the specific content to fit the judgement. China economy is currently under challenge but this channel does not post a fair and objective statement here.
Memories memories memories. I used to work for a company which office was at Westgate Mall “ Mei long Zhen” .. at that time it was a bustling mall in such a prime location… I still remember my crazy days there ,. sad to watch this video n seeing its end . It’s truly game over.
the shopping mall is closing for renovations... also when the video says almost 7000 stores close in china already this year, they should also say how many stores open. This is deceiving information
5% growth.
Yeah I think not.
Similar Business Closures Is Happening Across The World.
Across the world where are you from another planet? Maybe Russia across the world is a big word.
@@WarH
👽 We Are Among U, Watching The Human Mess Of Offing Each Other, For No Good Reason.
Shanghai and Hongkong were the most favorite city of foreigners in China.
If the foreigners do not visit, it will be emptied by no means.
China made very harsh law for foreigners to visit and nobody wanted to be arrested there.
Naturally those cities became empty!
Furthermore they blocked K-pop in China!
If those cities were available to hold K-pop concerts there, there would be full of foreigners and not closed!
Who needs K-pop??? They can create their own pop music.
I saw that Some Chinese stores inside the department store are wiping out completely except some restaurants
I lived on Xi Kang Lu and An Yuan Lu for 8 years and could walk to that mall in 30 minutes. Zero Covid killed the China economy. So sad.
Just started watching the video - the likes were at 827 and the numbers were faded, I tapped thumbs-up, the numbers are the regular white color, but, now the likes are at 429?!
Take a guess where the dislikes comes from.
They should try to buy a Big Mack these days. geeez
Lost of confidence about the future ( both local and foreign ) , who can blame them ? 🤷♂️
How does Aldi fare?
Now the leftover shops are in high demand ?! 😂😂😂
Please give a list of the most commercially successful cities and regions with their revenues, if available and reliable figures are available.
But GDP is still growing.
Don't believe CCP numbers.
中国已经崩溃了20年。不要关注中国。
Not surprised even the Shanghai mall shutdown they have no money so why shop?
technically it was a crappy old mall, couldn't compete with better located malls in the area and was near empty every single time i went there (theres at least 6 more recently built/modern shopping malls on the same street)
@@LilyphiIiago back to rice farming liar 🇨🇳
Lesson learned here. You act like a rude and threatening attitude, people around the world won’t like you. People can live with nothing and live peacefully and happy.
You stated very well the obvious fact . .
@@jmshwood2801 not obvious for ccp idiots sheep warriors
I don’t really agree that online shopping brought down visits to physical stores. People would still enjoy food n entertainment n window shopping. Also if sales are that good online the profit can still be ploughed back to make physical store a customer experience . No reason to close. The only reason for the closure of any mall is economic downturn. To say it’s anything else is sugar coating
Close the consulate!
We are now gonna get more mysterious liminal spaces images!
Huh?
@@brianjones7660 have you heard of liminal spaces or the backrooms?
China should at present spend hugely to restart the economy.after performing superbly that is the envy of the whole world it is meaningless to discontinue the process.forget about excessive debt but just pumping as much money as possible in the economy.at the same time factory premises made vacant by foreign companies to be taken over by local Chinese companies.plus there should be direct threat to foreign countries that there products will be banned in china if they move out of china.should do more trade with India as Indian government is opening up about Chinese fdi as well giving huge visas to Chinese technocrats.there is a global conspiracy to lower china s status as a top performer in every area.
Much of this mirrors the traditional business pattern in China, added to foreign company financial woes which we see overseas at present. Online shopping has been visably establishing and taking over for many years, with consumers welcoming the savings opportunities. It's a changing world, we will adapt. 😊
It's all about one child. Nobody around to buy.
That is a factor but the Russian invasion of Ukraine changed the ground rules.
Businesses and jobs began to leave China. Especially every time it threatened 215 taiwan.
It's time for both Nations to end this feud and recognized each other as independent states.
Just an old mall being redeveloped to something state of the art
No purchasing power due to low wages
THEY ARE RICHEST COUNRTY ON THIS EARTH REGARDING PP. SHAME ON YOU.
@@DK-gj5sp 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-gap 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.
Credits to laffey!
@@DK-gj5spstop Cheerleading for the CCP , China is crap 🇨🇳
❤I pray for the Chinese people❤
Westgate Mall? Bad. Really bad.
Old malls not revamp will lose out customers traffic to new ones.
What happened to china. You know why.....
I feel sorry for Hong Kong
Karma for bullyingcountry
Story #1; 28 years. Aren't commerical properties only sold for 30 years? Is it possible the "owners" did not want to (have to) buy their property from the CCP during this economic downturn and thus closed all the shops. Inquiring mind wants to know. I desire a response from China Observer. They, the content provider, does not have to research this, but we deserve to know what they know.
Possible, but even assuming that the CCP let them occupy it for free, the bottomline is that they don't make money even for maintenance of the property. It's just basically a white elephant for the owners now.
the fact this is coming out of china suggest there is something happen behind the scenes.
Omg…. I am so sorry.
Close at Oct 1? It is Chinese national day.
The clicking noises of hen the guy was talking like halfway through hurt to listen to
👍👍👍
Economy is like an engine. It's easy to keep running but hard to get up from the stop. I won't be surprise that this is still the effect of pandemic lockdown back many years ago
Thank you your always informatícela videos
Winnie was closing the mall
We are in a recession worldwide. Business are now starting to view what a pandemic causes. Whose to blame?
Global well known 35 trillion debts is on the brink with 1 trillion added every 100 days.
Usa malls are immune to the vagaries of economic cycle?
Sad for the workers, Poo at work.
Back to rice farming 🇨🇳
Thank you buddy
TOFU mall 😂😅😂😅😂
They are poor again.
Yawn.
nothing more challenging than having Zombies in your country
| Kensington, the most dangerous HOOD in Philadelphia, USA, they amost attacked me. | youtube
China should tax online shopping making it more expensive this will prevent collapse of city centers. Also delivery should be more expensive so people will eat out more.
Sum Ting Wong.
The time has come the walrus said to talk of many things... 📃
Wtf?
Walrus? 😅😅😅😅😅😅😅😅😅😅😅
LOL...obviously these Little Pinks have never read "Alice Through the Looking Glass".
Of shoes - And ships - And sealing wax. Of cabbages and kings...
Of why the sea is boiling hot...
And whether pigs have wings.
The US which had supported the 9-dash lines, tried to hand Taiwan and Okinawa to China will support China again! With its Flying Tigers Consulate😅😂
Oh no! Anyway...
Good Luck
Everything go to online in China and also very tough
the CCP has the biggest and Fastest Money printing Machine in the world.
So don't worry the Printing Machine will be back in Action Soon.😀
No jobs
Omg, this is such propaganda. I'm living in Shanghai. There is constant building here and new malls opening up. It's crazy. I was just at one the other day in Zhenru. Spectacular. The entire complex and surrounding area. This one here in the video looks old and run down. There are so many other beautiful places you can go. I was also just on Nanjing Road East 2 weeks ago walking out to the bund. I have never seen so many people in my life. It was about 9 pm and it seemed as if easily more than 50,000 people, maybe even 100,000 people were walking out to view the Bund. I used to admire a lot of videos that this channel puts out but this above is absolute trash. Makes me feel it must have backing from some of the alphabet agencies. I couldn't get through more than a few minutes of it. Just nonsense. A lot of people lost jobs in China, but focusing on these run down less popular shopping malls while there are so many new spectacular ones is just nonsense.
Only a Chinese would boast about how many new malls were being built while the old ones are empty because they are not needed, you just can not adjust to reality can you?
Zombie Olympic Games now in progress across America
| America (TRUE STORY) - Streets of Kensington Ave Philadelphia Part 82 American Dream |
| Homelessness In America: Alarming Rise Of Homeless Crisis In 2024 | youtube
| Kensington, Philadelphia HOOD, this why is called Zombieland Pennsylvania, USA. |
ForgetAboutIt
Well done Winnie the Pooh