Apart from Disney not making movies that anyone is really interested in, the play habits of children are changing. My little nephew spends most of his time on his tablet. And while he likes to receive and open presents like anyone else, he spends less and less time playing with them before he goes back to his tablet. This has probably been true for kids for a long time - playing with toys for a few minutes before going to watch tv but I feel like it is really getting exacerbated now. That reminds me that I have to go though his toybox that is here where I am and to sort through the stuff that I never see him playing with and is just taking up space.
Kid's toy sales have been in decline for nearly a decade. Remember Toys'R'Us? Kids nowadays have access to digital entertainment from a very young age. Peddling large plastic toys to consumers is a lot harder now that brick and mortar are on the verge of extinction, container shipping costs are still way higher than in 2019, toy factories closing down is just part of the trend in the toy industry.
Toys r us was a healthy company. They failed because bain capital bought them, mortgaged the company to get an instant return, then left the company buried in debt they could not afford. If toys r us was not purposely filled up with debt it did not even generate, it would still be open and operating just fine today. The end of toys r us was nothing but an investment firm buying it to extract wealth which artificially bankrupted it. Healthy companies with no debt are purposely identified and bought by investment firms who know how to quickly extract wealth so they can make money. They don't care that the company will fail after, all they cared about was getting paid fast.
There are less children and they don't really play with toys anymore. Electronic and internet are more fun, I guess. Should pay more attention to the one that moved out of China than the one that close because of low demand.
My kids are now 12 and 14. They stopped playing with toys when they were around 10. That is the last time they asked for physical toys for Christmas or birthdays. Even then they wanted electronic gadgets like iPad and Roblox cards 50 percent and toys like dolls 50 percent. Western countries are having less children. The children who are born play with toys less than when I was little. Toy industry is dying a slow death in general and the pandemic only made it worse.
Facts: 1. Free markets are creative and the most efficient way to allocate resources. 2. Authoritarian Culture negates the "Rule of Law" necessary to secure the "Private Property" required by free markets. Conclusion: America will remain #1 for the foreseeable future, or until the "Rule of Law" is destroyed there by Leftist Culture (the worst of the Authoritarian Cultures). Leftist Culture's power is opposed by American Culture's 2nd Amendment right to keep and bear arms, that has Americans heavily armed and trained with over 450 million guns.
'leftist' culture in the US? Haha. Where? It is all right wing everything. There is no equivalent far left. You have progressives(bernie) and corporitists (moderate republicans like hillary clinton). Someone like biden is in between, but luckily leaning more progressive. What weirdos call far left is almost always just a different flavor of conservatism. Far left would be muslims that are the same as right wingers, but are only called left because right wingers are racist and don't consider conservatism from the middle east that benefits non-white people to be valid. A conservative muslim is definitely not politically left in any way. The fake animal rights activists are not left either, they support irrational and made up ideas of what is and is not right. Ultimately they exist to support themselves as being better than anyone else, this is classic conservatism being applied to benefit random animals instead of white men. Groups that favor a single demographic are conservative, they do not magically become "left" just because white conservatives are racist against anything that does not benefit white males exclusively.
@@Gerrygambone Communism will only work when we have replicators like on star trek. Communism is great if everyone can have what they want. We have never seen real communism. Every dictator in human history will pretend to be a socialist or communist, when they are really just a dictator enriching themselves by stealing from everyone else. If a dictator is redirecting wealth to himself or a ruling class, then it cannot be socialism or communism which requires the resources to be given back to the people equitably.
Be sure you don't vote for Diaper Donnie who is openly calling for the detention of anyone who has opposed him, wants MSNBC and CNN shut down, and who wants complete immunity for any and all crimes. Sounds like the playbook for Xi, Kim and Putin, not a democracy.
Well, how profitable were the Hong Kong companies in better years? Hasn’t Hong Kong moved away from manufacturers since the 1990s when it became so valuable as capitalist conduit to a growing China, and less a competing sweatshop?
As a westerner I can say Disney toys are not selling in the US in general. Current Disney films do not appeal to their target children’s demographic due to poor quality of movie content. I personally have seen numerous sales of Disney toys that no one wants to buy. If Disney produced better modern films their toys would sell and orders to Chinese factories would continue. Just my 2cents in the potential causation.
Disney needs to stop this woke crap they incorporate into their films. For kids and adults. That’s more important to them than creating good solid stories with characters we really care about. They need to stop politicizing their content. They have already lost so much money by doing so.
Disney are "too big to fail" according to their executives. They are learning the lesson in the hip pocket, but it's taking some time. You are right, however, Disney can drive entire market demand when they get it right.
High wage/land price level of China are no longer suitable for such low price merchandize like toys or shoes or apparel. Such labor-intensive factory should go low wage countries like Vietnam, India or Bangladesh, Indonesia. Such a transition is expected well in advance. Chinese industry and worker should adapt to such new reality of China. Welcome to the "middle income trap". Happy new year and Good luck to China.
The internet is destroying the will of any people to do shitty jobs. They all see how the west lives and want to live the same way. This shift from china is only working because modern technology has reduced the number of workers needed. China still had plenty of older factories with tons of human labor that new factories taking over won't need. Newer factories will have more automation so they need less labor. Smaller labor pools can take over what used to be made in china.
The cost of living in China is about 50% higher than Vietnam. The average monthly salary in China is likely exaggerated and wages vary greatly and is particularly lower in the poorer inner regions. It is the coastal urban centers where most of the manufacturing are and where easy shipping are done. Whereas, in Vietnam it is quite different. Most of the manufacturing are located outside of urban centers in lower cost regions. Samsung by far is the biggest company in Vietnam and contributed to 20% of the country's export. Samsung factories are mostly outside of urban centers with their biggest factories in Bac Ninh, northeast of Hanoi. Due to geography, the country has easy access to nearby seaports and supply chains. Compared with China on the whole, the average salaries of the two would be closer to near parity, but the cost of living in Vietnam is much less. Foreign companies also chose Vietnam and other countries to avoid the higher U.S. tariffs on products manufactured in China and to have a more business friendly environment. Vietnam also has many free-trade agreements.
Hopefully countries like Vietnam will learn from the past and use this experience to incrementally build their skills to become masters at their craft. Then their own iterative versions of what they're making now can become highly regarded, and thus they can demand higher amounts for them. I'm sure they can do so, if they don't go for the quick buck and just focus on counterfeits and cutting corners in quality (like some countries I won't mention)
@@jaycc3365 If anything this video proved that the car is best Xiaomi should use this video to promote the car The car colllided at 150 mph and kept it's driver safe .
The only countries that make chips that are suitable for quantum competitors is the usa Korea japan and Taiwan which probably explains there renewed aggression towards the later
People need to realize that real property high valuations are an intentional directed method for governments and the real estate industry to extract maximum profits from those that must utilize those assets. The income and cashflow of any entity that seeks to rent, own, and manage those assets is significantly allocated to taxes, fees, and other parasite business entities. The funds and wealth of those that live and operate on those properties is lost to literal land barons. People do not realize that most of the costs associated with owning real estate does not benefit nor is assigned to assisting owners of that property.
And me thought that it was the non reusable/recycle plastics and its impact of pollution in the world's oceans and landfills, but okay we'll go along with explanation A.
Her reading skills are, actually, sub-par from a strictly English standpoint. That said, she's clearly bilingual and I don't speak Mandarin, so I cannot make any observations on that aspect.
1:06 Also delicious sauce over ice cakestar Net wech1:10 dgrand Seres & gerensy 😂 I am sorry if the person in that t-shirt is one of the unemployed, but I had to laugh.
Following 1920s economic liberalization in Lenin's USSR, it rapidly industrialized and then closed off after the war. What followed was 40 years of stagnation, after Stalin's death, with people enjoying a peaceful civilian life, raising families, ever shrinking families because there's no incentive to be alive. Then it imploded in 1991.
Any industrial transformation requires a lot of capital. Just to get from where China was before the reform and opening up period to where they are now required mostly foreign capital. China has now chased away the big foreign capital players. They have also cut off one of the main sources in internal capital formation. I am specifically referring to the trend to dump older workers. This is madness and shows the lack of understanding of how capital works. Where do you think those big investors get the money to invest. It is from people, mostly over 45, whose kids have moved out. In a typical economy, they are making the most they ever will. They are also more efficient than they ever were. They do not have to spend the money on kids. They invest it, trying to get the best returns (taking on more risk) to increase their retirement resources. So, China, laying off the older workers, is making two mistakes at once. They will never be able to generate sufficient internal capital if they continue down this path. Finally. there is the matter of corruption. The semiconductor push was mentioned. There have been at least two major rounds of funding set up by the CCP. In both cases a lot of it was stolen. People went to jail. The money was mostly not recovered. This in endemic in most of the capital allocations made by the CCP. What can you expect. They are a bunch of commies.
"Sugar Pie" narrator. You mentioned the numbers you released as prepandemic,lol ! When was that ,like over 5 years ago ? Lmao. "Sugar Pie" needs find more up to date numbers...humm ?
They just will be assembled somewhere else. It will take a bit to move the business over but there are plenty of countries to move to (especially in SE Asia).
Trump was reacting to something that people in the US had been complaining about for at least a decade. I actually saw two aspects of it in my consulting work. One is the rampant IP theft. The other is the poor quality of manufacture in China. Coupled with the difficulty and cost of dealing with long distance supply chains makes the current system basically unstable. One example, which put a small company under, was the substitution of a couple of critical parts. These were power transistors. The Chinese manufacturers couldn't get them, so they substituted another part without telling their customer. The US company was using power supplies made, they thought, to their specification in China as just a part of their product. At six months all the Chinese made parts started to fail after the company had installed a large number of their systems at customer premises. Frankly, up to then, they had been very successful. There was no saving them at that point. I have other examples of where this type of thing even happened to large companies. On top of that, Trump also caught onto the trade imbalance. This was also a big deal when Japan was on the rise and taking jobs from the US. This had a lot to do with the closed nature of investment in Japan at the time. Japan is still not as open as the US. Ironically, the Japanese spent a bunch of that surplus buying property in the US at the peak. When things got bad in Japan, they had to sell at a big loss. The market in the US is, after all, a free market, especially in property. It seems that China will do the same thing. As people flee China and the CCP, they tend to overpay for property elsewhere. This affects the locals in the short term. Those inflated valuations will, at some time, come back to earth and the Chinese investors will lose money, just like the Japanese did. When will they learn?
Nonsense and rubbish. Fake New. This channels is NOT educational. The sovereign country has all the legal basis right to counter sue for defematory remarks within the period of 7 years without any further reference including third parties. Okay
Apart from Disney not making movies that anyone is really interested in, the play habits of children are changing. My little nephew spends most of his time on his tablet. And while he likes to receive and open presents like anyone else, he spends less and less time playing with them before he goes back to his tablet. This has probably been true for kids for a long time - playing with toys for a few minutes before going to watch tv but I feel like it is really getting exacerbated now.
That reminds me that I have to go though his toybox that is here where I am and to sort through the stuff that I never see him playing with and is just taking up space.
My kids do play with their toys for a very short while compared to the time they spend on the tablet, I wish it were not so.
Yet you both caved in and bought them a tablet in exchange for some peace and quiet.
Lmao.
The nerve 😂😂😂😂😂
Never mind the kids and their bloody tablets, i'm getting a VR Headset! 😂👍
He's on his tablet because adults like you are encouraging it and allowing it.
I mean most toys are disposable and are a waste of money nowadays.
Kid's toy sales have been in decline for nearly a decade. Remember Toys'R'Us? Kids nowadays have access to digital entertainment from a very young age. Peddling large plastic toys to consumers is a lot harder now that brick and mortar are on the verge of extinction, container shipping costs are still way higher than in 2019, toy factories closing down is just part of the trend in the toy industry.
Toys r us was a healthy company. They failed because bain capital bought them, mortgaged the company to get an instant return, then left the company buried in debt they could not afford. If toys r us was not purposely filled up with debt it did not even generate, it would still be open and operating just fine today. The end of toys r us was nothing but an investment firm buying it to extract wealth which artificially bankrupted it.
Healthy companies with no debt are purposely identified and bought by investment firms who know how to quickly extract wealth so they can make money. They don't care that the company will fail after, all they cared about was getting paid fast.
There are less children and they don't really play with toys anymore. Electronic and internet are more fun, I guess.
Should pay more attention to the one that moved out of China than the one that close because of low demand.
Thanks!
Not made in China 2025
Excellent summary of the immediate and longer term situation!
Shouldn't be buying anything from Disney anyway.
Great news !
My kids are now 12 and 14. They stopped playing with toys when they were around 10. That is the last time they asked for physical toys for Christmas or birthdays. Even then they wanted electronic gadgets like iPad and Roblox cards 50 percent and toys like dolls 50 percent. Western countries are having less children. The children who are born play with toys less than when I was little. Toy industry is dying a slow death in general and the pandemic only made it worse.
Facts:
1. Free markets are creative and the most efficient way to allocate resources.
2. Authoritarian Culture negates the "Rule of Law" necessary to secure the "Private Property" required by free markets.
Conclusion:
America will remain #1 for the foreseeable future, or until the "Rule of Law" is destroyed there by Leftist Culture (the worst of the Authoritarian Cultures).
Leftist Culture's power is opposed by American Culture's 2nd Amendment right to keep and bear arms, that has Americans heavily armed and trained with over 450 million guns.
Agreed, most of the Progressives want to substitute rule of laws by rule of feelings.
'leftist' culture in the US? Haha. Where? It is all right wing everything. There is no equivalent far left. You have progressives(bernie) and corporitists (moderate republicans like hillary clinton). Someone like biden is in between, but luckily leaning more progressive.
What weirdos call far left is almost always just a different flavor of conservatism. Far left would be muslims that are the same as right wingers, but are only called left because right wingers are racist and don't consider conservatism from the middle east that benefits non-white people to be valid. A conservative muslim is definitely not politically left in any way. The fake animal rights activists are not left either, they support irrational and made up ideas of what is and is not right. Ultimately they exist to support themselves as being better than anyone else, this is classic conservatism being applied to benefit random animals instead of white men. Groups that favor a single demographic are conservative, they do not magically become "left" just because white conservatives are racist against anything that does not benefit white males exclusively.
Capitalism is far from perfect, Communism on paper is the ideal world. I know which system I prefer even if it's far from perfect.
@@Gerrygambone Communism will only work when we have replicators like on star trek. Communism is great if everyone can have what they want.
We have never seen real communism. Every dictator in human history will pretend to be a socialist or communist, when they are really just a dictator enriching themselves by stealing from everyone else.
If a dictator is redirecting wealth to himself or a ruling class, then it cannot be socialism or communism which requires the resources to be given back to the people equitably.
Be sure you don't vote for Diaper Donnie who is openly calling for the detention of anyone who has opposed him, wants MSNBC and CNN shut down, and who wants complete immunity for any and all crimes. Sounds like the playbook for Xi, Kim and Putin, not a democracy.
Well, how profitable were the Hong Kong companies in better years? Hasn’t Hong Kong moved away from manufacturers since the 1990s when it became so valuable as capitalist conduit to a growing China, and less a competing sweatshop?
OOFconomy keeps oofing in China!
Good!
No one cares about Disney here in the states. In fact most people want just to go away.
Yup, this is more about Disney failing than China failing.
Disney isn't moving to another factory, they just can't sell.
But where will Spencers get Fake Dog Poo made now?
From a garage sale 😂
Really - 2:23 you did NOT show smoke from a factory smokestack flowing BACK INTO the chimney!!!!!
This happens when a country doesn't focus on the need of its internal market first
🥰 💗 My Favorite Announcer
As a westerner I can say Disney toys are not selling in the US in general. Current Disney films do not appeal to their target children’s demographic due to poor quality of movie content.
I personally have seen numerous sales of Disney toys that no one wants to buy.
If Disney produced better modern films their toys would sell and orders to Chinese factories would continue.
Just my 2cents in the potential causation.
Disney needs to stop this woke crap they incorporate into their films. For kids and adults. That’s more important to them than creating good solid stories with characters we really care about. They need to stop politicizing their content. They have already lost so much money by doing so.
@@shadowfilm7980it’s better to never forgive those who go woke now anyways.
Disney are "too big to fail" according to their executives. They are learning the lesson in the hip pocket, but it's taking some time. You are right, however, Disney can drive entire market demand when they get it right.
That's all because of the arrogance of china's CCP believing the world owes them😂😂😂😂
It's about time.
Ironic they make Winne the Pooh bears there 😆😆😆
High wage/land price level of China are no longer suitable for such low price merchandize like toys or shoes or apparel. Such labor-intensive factory should go low wage countries like Vietnam, India or Bangladesh, Indonesia. Such a transition is expected well in advance. Chinese industry and worker should adapt to such new reality of China. Welcome to the "middle income trap". Happy new year and Good luck to China.
The internet is destroying the will of any people to do shitty jobs. They all see how the west lives and want to live the same way. This shift from china is only working because modern technology has reduced the number of workers needed. China still had plenty of older factories with tons of human labor that new factories taking over won't need. Newer factories will have more automation so they need less labor. Smaller labor pools can take over what used to be made in china.
Gross monthly average salary Vietnam: $512usd. China:$762. Adjusted for living costs, Vietnam salary is higher.
The cost of living in China is about 50% higher than Vietnam. The average monthly salary in China is likely exaggerated and wages vary greatly and is particularly lower in the poorer inner regions. It is the coastal urban centers where most of the manufacturing are and where easy shipping are done. Whereas, in Vietnam it is quite different. Most of the manufacturing are located outside of urban centers in lower cost regions. Samsung by far is the biggest company in Vietnam and contributed to 20% of the country's export. Samsung factories are mostly outside of urban centers with their biggest factories in Bac Ninh, northeast of Hanoi. Due to geography, the country has easy access to nearby seaports and supply chains. Compared with China on the whole, the average salaries of the two would be closer to near parity, but the cost of living in Vietnam is much less. Foreign companies also chose Vietnam and other countries to avoid the higher U.S. tariffs on products manufactured in China and to have a more business friendly environment. Vietnam also has many free-trade agreements.
Hopefully countries like Vietnam will learn from the past and use this experience to incrementally build their skills to become masters at their craft. Then their own iterative versions of what they're making now can become highly regarded, and thus they can demand higher amounts for them. I'm sure they can do so, if they don't go for the quick buck and just focus on counterfeits and cutting corners in quality (like some countries I won't mention)
@@jaycc3365 If anything this video proved that the car is best
Xiaomi should use this video to promote the car
The car colllided at 150 mph and kept it's driver safe .
One less company manufacturing goods with high lead content👍
The narrator has a beautiful accent. I'm so in love with her accent.
I'M GUESSING SHE IS A NEW ZEALANDER.
Shes an Aussie!
Blame the ccp
Disney makes too much money off their park visitors.
The world in chaos and turmoil
I like it.
So they build toys for Disney for $1.00 and sell for $30. Gotcha
The only countries that make chips that are suitable for quantum competitors is the usa Korea japan and Taiwan which probably explains there renewed aggression towards the later
People need to realize that real property high valuations are an intentional directed method for governments and the real estate industry to extract maximum profits from those that must utilize those assets. The income and cashflow of any entity that seeks to rent, own, and manage those assets is significantly allocated to taxes, fees, and other parasite business entities. The funds and wealth of those that live and operate on those properties is lost to literal land barons. People do not realize that most of the costs associated with owning real estate does not benefit nor is assigned to assisting owners of that property.
Oh, no! Now there's going to be a fentanyl shortage in the USA!
Disney's toys aren't selling because they went woke
What does woke mean?
Woke parents are educated parents are wealthy parents are those parents that spend most on Disney stuff that's why woke
@@jakesanchez7235No one knows 🤷♂
Folks get crypto as Bitcoin future for security 🔑😎
@@HoudiniCryptoLet's not
Also threatening a major sea way like the South China sea was a big,big mistake a terminally bad it seems.
Another *excellent* economic analysis of China.
Nice popluted air there on the opening screen..haha
Many hallucinations in that fresh air😷🤕🤧🤒
Why. How Come millions of Americans and British people's are living in street with tent and canvas including Canada why why why.
A toy factory is in trouble! Oh my! And a bag of rice in Xuanxi slumped over! Oh my!
Everything i buy from China needs repaired 😂
1:17 omg where is this place? Super fan of old robo anime. Though I see Gundam Series everywhere I go, which is sometime overrated.
I went to a local finish line store and I noticed that a lot of the shoes are now made in Vietnam
Correct. Hasbro has a lot of toy product coming out of Vietnam now (for better or worse, but hopefully their quality improves)
Who wants lead painted toys🥴
As Chinese economy falls, risk of military adventure rises. Danger Will Robinson!
3:22 Last employee in the building walks across the production floor.
For a people that continues to be stupid, they will continue to suffer stupid problems.
And me thought that it was the non reusable/recycle plastics and its impact of pollution in the world's oceans and landfills, but okay we'll go along with explanation A.
Her reading skills are impressive, even her pronunciation of some difficult-to-say Chinese names is very good. Almost as good as an AI software.
Her reading skills are, actually, sub-par from a strictly English standpoint. That said, she's clearly bilingual and I don't speak Mandarin, so I cannot make any observations on that aspect.
1:06 Also delicious sauce over ice cakestar Net wech1:10 dgrand Seres & gerensy
😂 I am sorry if the person in that t-shirt is one of the unemployed, but I had to laugh.
Rise up People of China !!
Does anyone know how true the stuff said on this channel is? I asked some chinese people and they said they don't know.
toy oso closed
wats next?
Cheap products cheap labour and sky high prices. Soon had to catch up!!
@9:55 Transformers Titans Return Slugslinger.
IMF has just stated the Chinese economy will grow by 4.6% in 2024 ? ?
Following 1920s economic liberalization in Lenin's USSR, it rapidly industrialized and then closed off after the war. What followed was 40 years of stagnation, after Stalin's death, with people enjoying a peaceful civilian life, raising families, ever shrinking families because there's no incentive to be alive. Then it imploded in 1991.
HK vacuum cleaner? 2:22
We got tired of subliminal messages in teddy bears.
Make a new start!
My kids aged 12,7 and 4 and they only wants to play slime and play dooh and most of the time they’re using their tablets
Bugagaga Amazon do the same )))
Electronic Phone Replaces Toys For Kids.. Now A Day Kids PLay With Phones Not Toys Anymore. Progress changes everything.
Any industrial transformation requires a lot of capital. Just to get from where China was before the reform and opening up period to where they are now required mostly foreign capital.
China has now chased away the big foreign capital players. They have also cut off one of the main sources in internal capital formation. I am specifically referring to the trend to dump older workers. This is madness and shows the lack of understanding of how capital works. Where do you think those big investors get the money to invest. It is from people, mostly over 45, whose kids have moved out. In a typical economy, they are making the most they ever will. They are also more efficient than they ever were. They do not have to spend the money on kids. They invest it, trying to get the best returns (taking on more risk) to increase their retirement resources. So, China, laying off the older workers, is making two mistakes at once. They will never be able to generate sufficient internal capital if they continue down this path.
Finally. there is the matter of corruption. The semiconductor push was mentioned. There have been at least two major rounds of funding set up by the CCP. In both cases a lot of it was stolen. People went to jail. The money was mostly not recovered. This in endemic in most of the capital allocations made by the CCP.
What can you expect. They are a bunch of commies.
Kids don’t play with toys nowadays
Strange I never seen smoke go BACK INTO the Chimney Before!
Yellow press after disnet )
Get rid of cheap Chinese goods.
Agree they are landfill fillers
"Sugar Pie" narrator.
You mentioned the numbers you released as prepandemic,lol !
When was that ,like over 5 years ago ?
Lmao.
"Sugar Pie" needs find more up to date numbers...humm ?
Slaps @ 1.25 speed
That sucks. I like toys
If you like toxic toys.
They just will be assembled somewhere else. It will take a bit to move the business over but there are plenty of countries to move to (especially in SE Asia).
Chinese welcome to live & work in NORMAN, OKLAHOMA; we are hiring !
Yahoo 😂🇺🇸
Everyone I talk to they prefer Japanese quality over Chinese inferior quality from widgets to cars
That's because the Japanese spent the 50's and 60s patiently learning their trade and incrementally improving on what they learned.
Trump was reacting to something that people in the US had been complaining about for at least a decade. I actually saw two aspects of it in my consulting work. One is the rampant IP theft. The other is the poor quality of manufacture in China. Coupled with the difficulty and cost of dealing with long distance supply chains makes the current system basically unstable.
One example, which put a small company under, was the substitution of a couple of critical parts. These were power transistors. The Chinese manufacturers couldn't get them, so they substituted another part without telling their customer. The US company was using power supplies made, they thought, to their specification in China as just a part of their product. At six months all the Chinese made parts started to fail after the company had installed a large number of their systems at customer premises. Frankly, up to then, they had been very successful. There was no saving them at that point. I have other examples of where this type of thing even happened to large companies.
On top of that, Trump also caught onto the trade imbalance. This was also a big deal when Japan was on the rise and taking jobs from the US. This had a lot to do with the closed nature of investment in Japan at the time. Japan is still not as open as the US.
Ironically, the Japanese spent a bunch of that surplus buying property in the US at the peak. When things got bad in Japan, they had to sell at a big loss. The market in the US is, after all, a free market, especially in property. It seems that China will do the same thing. As people flee China and the CCP, they tend to overpay for property elsewhere. This affects the locals in the short term. Those inflated valuations will, at some time, come back to earth and the Chinese investors will lose money, just like the Japanese did.
When will they learn?
they can thank the ccp for their fate...
RUBBISH,,,,
BYE
GREETINGS FROM 4760,000,000 ASIANS...
Propaganda..
lie flat
1st!!!!
Mycket tänkvärt!
Nonsense and rubbish. Fake New. This channels is NOT educational. The sovereign country has all the legal basis right to counter sue for defematory remarks within the period of 7 years without any further reference including third parties. Okay
Zero COVID policy consequences.