Combos for the poor have become popular among youth/Why can't China's economy be saved?.
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- čas přidán 30. 04. 2024
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The prosperity brought about by 40 years of reform and opening up is disappearing from the streets of China. Nearly 460,000 restaurants folded in the first quarter in China, an increase of 232% over the same period last year, and the downgrade in consumption has spread to Hong Kong. The food and beverage industry is particularly sensitive to economic downturns. The massive closure indicates that the CCP’s new policies aren't working and that China's economy is unlikely to pick up. How has it happened?
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At these prices you know you're eating gutter oil.
100% spot on 😝
And plastic
Once you go hungry for days and see a mountain of food for basically no money, you don't care, you just need to eat.
Expired food from closed restaurants, year-old meat, vegetables from a market's dumpster, etc.
hahaha, even in our country 0.40 cents converted into our currency is way too cheap. probably fake foods made from chemicals... poor chinese....
Fake food? Seems a bit dodgy to me......
Tofu Dreg Foods🤣😂🤣😂
Gutter oil
Love it.
No real brand loyalty or loyalty to support a small business owner. No one cares about each other.
The Japanese food channels will show 3rd generation families embedded in their neighborhoods. They serve quality food at reasonable prices, but still enough to raise a family and pay workers.
Their currency also isn't meaningless unlike in China and the US.
@@kenosabi The yen literally hit 30 year lows a few days ago and the BoJ had to intervene.
They temu'd their food. The quality is so low the only thing to trust is the price is low 😂
Shop like a billionaire?
Shop like a cheap-arse Ebenezer Scrooge is more like.
Since when did billionaires buy cheap crappy knockoffs? I wouldn't touch Temu with a bargepole, and I'm no billionaire.
So.. all these people are eating dirt cheap meals, and they aren’t even questioning why it’s so cheap🤷♂️🤣🤣 I’ll tell you… crap ingredients (if you can even call them that lol), and the government stepping in. It can’t last forever. I’d just leave the country. Earn less, eat more🤷♂️ It’s an obvious trick.
You realize this isn't remotely just a Chinese thing and happening in the US too ..right?
You know a country is starving when people are excited about eating cheap cafeteria food.
I'd be excited for those prices
So far they can eat something. That won't last much longer. The farmers are getting messed with to pay money to use the land to grow crops. Sad times are coming for sure
The real question is, can they food cost that cheap? Ask if the food they're selling are real? Not plastic.
Tofu Dreg Foods🤣😂🤣😂
You know from these videos that is toxic food.
I live in Guangzhou and did notice that a number of restaurants on the local takeout app have disappeared since February. Sucks.
This why it is imperative that economic information be accurate, so that businesses can fore see future trends and sales.
Why is the thing people want most in China and Russia is food. Let that sink in.
#sloprosperity #theskydontlie
yeah, that's why here in the west we have apps like Too Good to Go
Meanwhile in USA I paid $8 for a salad at Jack In The Box. 😢
🤡🫵
#ButWhatAboutAmerica LOL Every. Single. Video. Wumao's gonna wumao. (And we'd STILL rather be in America than the Dump that is China.
That "food" is made with gutter oil 🤢
>Goes to a burger chain to buy a fucking salad
Which also wasn't food. Lol.
I really don’t understand… it was ok when the businesses were charging obscene prices for stuff but now the shoe is on the other foot we are supposed to cry for the owners ?
I can only imagine what corners they’re cutting to make a profit
They aren't making a profit. Do you people watch the videos or do you just watch the first 60 seconds and rush to comment? Jfc.
Everything in that buffet is fake
Has to be fake at 83c a meal.
Not just that. It is also toxic.
Most importantly, it didn't have batsoup. So it's not a genuine chinese cuisine.
Fake eggs, fake rice, fake pepper, fake lettuce. Yuck! 🤮
Everything in an American buffet is as well. Lol.
Good to see that these restaurants are at each other's throats even when they are failing.
I would be questioning why it’s cheap. Either the food is fake or the restaurants have so much food stocked up they have to get of it before it spoils
Or after, long time, lol
I feel bad for the people who made all the failed restaurants Fake food.... How will they survive?😭
Once deflation set in, you're pretty much screwed
Deflation isn't the headline. It's the recession they are sliding into. Sure, the CCP can fake the top line numbers, but something under the hood is very very bad.
Chinese restaurants are doomed!😢
i cant even imagine what you are truly eating in a buffet that costs less than a dollar, I wouldnt be surprised if some years from now cancer cases skyrocket....
Yeah I bet the 40cent buffet is completely fine and of good quality
They supposed to be superior to US, yet people eat 0.80$ per meal. Something doesn't add up.
Food is getting cheaper in China while McD in the U.S is raising their prices 5 folds.
Wumao say what?
That buffet is NOT edible, even for animals, never mind for humans consumption.
This all just goes to prove the level of greed these companies have. They made profit with 10$ dishes, they make profit with 0.5$ dishes, same dishes...
Same in the US, prices never returned to PRE COVID levels
To shut ads up, just click the shield button, and turn the shield off and on again, twice.
No ads.
Ads are for old television, not the internet.
I'll never take any ad posted seriously, and commit to never buying from any of them.
So you might as well remove it.
tbh it has become quite funny to see the clever ways the Chinese are dealing with the complete clusterfck of their system
In many US cities, folks are cutting back on meals to pay their car loans and house payments or rent. This channel is funnier than most clown shows for sure
Awesome video 📹 my buds
one has to think if the 'food' is actually food especially for a 50 cent buffet
More people available for the rice fields now 🇨🇳
Thats what HK people get for surrendering all their liberties…sickening
At that price, it's likely the left over food from people who left food on their tables, and they just took the scraps and then put it under a heat lamp for these buffets. That said, the food ordered by regular customers are fresh, and first made.
On a lighter note, the cat population is exploding!
Can't blame these people for wanting to spend less.
Yellen is right. People will spend more/save less if they know the government will offset some of costs of the care of the elderly and health care, instead of it spending on oversaturating some markets and building huge infrastructure projects.
well it's simple they can't support the elderly thanks to the one child policy china simply has too many old people and nowhere near enough cash to support them especially given I think the ratio 1/3rd of the country is younger and one 1/3rd of that is female so the just can't bounce back
The one thing the video doesn’t tell you is that food will be all over the pavement by the time the customers get home.
only a matter of time before famine
Blurring out the text in the beginning discredited this story for me to continue watching. I can't read it, but others can. And if they read something that is different then what your saying that matters, they will speak up about it. So I'm not sure if this is 'stock video' or the story being told in a different light to make it more interesting. But I guess I wont know cause I wont bother finishing watching this.
Closing restaurants? Must be all the ice drizzled with hot sauce causing that...
The foods are so cheap the most special ingredient are gutter oils. Indeed it's tasted so delicious.
If job prospects are dire in the cities and the food in the countryside is cheaper what's stopping a rural rejuvenation?
Food that cheap is majorly sus.
Im sure those places r very safe health wise
GROSS 🇺🇲
Don't eat at the Tofu-Dreg buffet
I could not trust food that cheap. Either it's toxic or fake, probably both.
Greed without restraint eventually leads to collapse with no spiritual compass they have no direction ultimately will fail
10 cents meat balls are crazy
Made with Gutter Oil 🤮💩😵💫
Tofu Dreg Foods🤣😂🤣😂
You get what you pay for. If food is too cheap, beware.
I moved to California's silicon valley in 1997 after learning the sheet metal fabrication trade. Cheap food and cheap cockroach motels made up for everything else that was expensive. My pay was not anymore than what I was making in Minneapolis or Seattle. Cheap food helped make computers popular
Cheap food come with the risks of food poisoning, since they don’t have fee to ensure food safety standards
This is shortsighted, or ill intentioned. Cheap, subsidized cafeteria food will strangle out small grocery stores w/o a govt contract and low to mid end restaurants. Only the well connected grocery stores abd high end restaurants will survive this
I love New York. My favorite city… but meatballs🤮🤮🤮🤮 wet bread mixed with ground meat? I just can’t.
I hope the price collapse is only that exaggerated because other pillars of the economy are eating the cash unnaturally due to government actions. Cash shortage like this will lead to famine when the food can't be imported.
Ezekiel 24:8-9
[8]That it might cause fury to come up to take vengeance; I have set her blood upon the top of a rock, that it should not be covered.
[9]Therefore thus saith the Lord GOD; Woe to the bloody city! I will even make the pile for fire great.
Artical 23 isn't safe for foreign travlers or buisness, big surprise.
how the hell is that cheapest, show me your secrets?
its amazing how happy they are eating things at such a low price when you know and they know everything in there is not what its suppose to be
everything is fake and probably very very very bad for your body ..
its like watching people swimming in radioactive toxic lead swimming pool and being happy it only cost them 1 yuan
British involvement in Hong Kong seems to have conveniently ommited, does it not ?
If you were born when "British Involvement in Hong Kong" ended, you'd be 27 years old! Will China be like poor, pathetic African countries, still blaming others for their OWN FAILURES even decades after independence? LOL. No Tears For Dictatorships.
No conscience,no true life
GUO Nide yubai baide zhengfu = blame your corrupt evil conduct government.
Heyu nage sunhuai ren
Li nage weizhi =and the corrupted person in the position.
i watch it and my conclution is it just show that they have a good resevre of food. when on the other part of the world cant even eat. look at america. mcdonald getting exensive. if all country has meal that cheap. everyone would not starving.
china imports most of there food you fool
the us is not in a crisis scenario and mcdonalds isn't cheap food it's quick food nowadays that's the market shift not mass cooking failure
your cope is weak
the next step will be hyper inflation
Tofu Dreg Foods🤣😂🤣😂
Is any of it real food?
At this point just fill it with grain/ corn. Government wants to feed you like your cattle
no to made in china
wtf cheap food presented as disaster xd affortable food is human right
I'd be wary of what's IN the food for that kind of price.
Diarrhoea fuel.
Also… how the hell do you eat three bowls of rice, in a country where marijuana is so illegal?🤷♂️🤣🤣🤣🤣 I’d def. Need to be super baked to eat three bowls🤣🤣🤷♂️
Thank God that AI voice is not on this video
fake food.
Thats all fake food thats sure to end you
You're better off fasting
looks like plastic food
Money printing towards the demand side along w/ bailouts is the way out of a deflationary spiral, which has seized many sectors. They need to do this until asset prices & employment improve.
Wee Wee Ping very bad man
This video made by AI?
T otal Bs.This ga slighting. u n s ub
how? weren't they eating rocks before?
Never been out of the states ..have you…..travel the world and see how people live and struggle to feed their families. Typical ignorance.
@@bobd3707 I think he is referring to trend Suodui which is a dish containing pebbles but you're supposed to suck on the pebbles and throw them away. I can't speak for modern takes on Suodui but the origin IIRC is that boatmen in a land locked province had food shortages and to get minerals they sucked on the rocks.
If that is the reference. My apologies .
@@bobd3707 what else could it be.
Amos 8:5-8
[5]Saying, When will the new moon be gone, that we may sell corn? and the sabbath, that we may set forth wheat, making the ephah small, and the shekel great, and falsifying the balances by deceit?
[6]That we may buy the poor for silver, and the needy for a pair of shoes; yea, and sell the refuse of the wheat?
[7]The LORD hath sworn by the excellency of Jacob, Surely I will never forget any of their works.
[8]Shall not the land tremble for this, and every one mourn that dwelleth therein? and it shall rise up wholly as a flood; and it shall be cast out and drowned, as by the flood of Egypt.
I am not from China and I am not a big fan of China. But I study economics and understand the economy. No matter what the situation is in China today, the situation is many times better than America, Europe, India, South America and Africa. China will become the world's largest economy in just a few years. 😊😊
you are completely full of it
as your ilk can never say why there going to bounce back or how there better
I TIHKN IM OVERDUE FOR THE NEXT BLAST BATCH EMAIL-
BOTH CURRENT ONGOING PLACES- THE HS/COLLEGE HUMOROUS VERSION WOULD BE: 'heh, you're not gettin dial anytime soon with that job buddy; maybe a 3/10 or 4/10 - how old are you again? HO SHT MAN! WHAT THE FAHQ LIKE WHAT?!?!? I THOUGHT WE WERE HAVING A 21-YEAR OLD about ta graduate conversation I mean I was speaking for a 22 year old PoV but dang, 38.9?!?!?"
AND EVEN ON A PRAGMATIC LEVEL THE MOMENT shck SSN IS IN 'THE DATABASE' AND YOU GET THE FIRST INFORMAL OR FORMAL (MIDYEAR REVIEW OR END OF YEAR REVIEW) AND IT GETS DOCUMENTED AND/OR HE RESIGNS (CLASSLESSLY) AFTER 6-12 MONTHS? THAT'S BASICALLY A YOU KNOW-
THAT'S ANOTHER +1 TO THE '499 FORTUNE 500 COMPANIES AND IS AT NUMBER 500 AT AN ENTRY LEVEL 45 YEAR OLD POPCORN SERVER AT AMC THEATERS' 'Would you rehire? (no) OR: "hey, how was this employee when he was doing that bank teller upgrade job? yeah, I thought as much: I mean 10 months was a red flag; NEXT!"
38.9!!!!!!!!!! THIS IS NOT GOOD THIS IS NOT GOOD THIS IS WHAT I WAS TALKING ABOUT
A 38.9 YEAR OLD WITH LIFE ON EXTREME HOLD + AT BEST LOOKING AT 22 YEAR OLD OR MAX 25 YEAR OLD JOBS
WITH NO END IN SIGHT
WITH hairygrikpube NOT ARRESTED YET
WITH NO END IN SIGHT
AT 38.9 $0 401k -$15k DEBT
IT FEELS LIKE THIS ROOM IS 200 DEGREES UNCOMFORTABLE MERELY THINKING ABOUT job#2
PLEASE WHISTLEBLOW- 1.5 HAND EXTREME HAND EMBARRASSMENT WONT HAPPEN OR AT BEST WILL HAPPEN FOR 3 MONTHS MAX AND THEN MORE EMAIL ADDRESESES TO MASS BLAST EMAIL SEND
This is why we need to bring back the asylums.
While in the US, a kids meal is 12.49$ 💀
#WhataboutAmerica? LOL Every. Single. Video.
Dirty foods made by tofu people.😂
poor canine eating kookie kommies...
how the hell is that cheapest, show me your secrets?
1) Don't ask questions, like "What are the actual ingredients?"
2) Restaurant owners are willing to lose money now in hopes that they can outlast the competition. When enough collapse they'll start raising prices again. Airlines in America tried a similar formula after deregulation.
3) Customers who don't care about quality or have any brand loyalty. They only chase the cheapest price.