Shanghai's top 10 anomalies: Rent-free office space; no one talks about traveling abroad...
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- čas přidán 31. 05. 2024
- #Chinainsights#Chinanews
Shanghai, known as China's No. 1 city in terms of economy, accounts for about 4% of the national GDP. Whether measured by the size of the city, GDP per capita, the share of the city's products in the domestic or international market, the scale of the utilization of foreign capital, or the city's popularity, influence, and innovation, it can be said it’s the No. 1 city in China. It is known by the Chinese as the "Magic City", that is, a city with a touch of magic. Now, how is the Shanghai economy doing? It’s showing a magical facade too. The views of the government and the public are completely polarized.
First, let's look at what the government is telling the world about Shanghai.
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2:18
The words "16 year old apple fan" to describe a 30 year old man is hilarious.
Was looking for someone who might have commented on this 😂
I dunno what people look like where you live that you think that man is 30, but I'd guess 38-39 at the absolute youngest 😂
All Apple fans are perpetually 16 years old when it comes to Apple products
Guy speaks truth and gets blocked immediately. Problem solved!
In theory, it’s a “smart” strategy. Part of spending is confidence.
But, sure seems like it’s past that stage. Each individual is going to make decisions off their personal circumstances.
#theskydontlie Patriotism of Xi JinPork Puke:
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
#sloprosperity #crashperity
@@HKim0072ignoring the truth never helps
@@sleepinglaffey3886 how do you know about them? it disgust me, knowing the officials families are living lavish life abroad, probably with money taken from chinese people suffering under said officials
@@Emptybasilisk They were exposed a few years ago in a news report.
"Now we can all be piss poor and stupid together" Karl Marx
China is not communist, let's stop the bs. However it's a consequence of its failure.
spoken like someone who doesnt understand marx at all.
maybe read books instrad of banning them
@@Winston-lf7sb Goddamn check your spelling mistakes bro
@@Winston-lf7sb Reading that unemployed loser who lived off his parent's book only made me laugh even harder at how ridiculous Marxism is
@@stefano8936 "Oh, that's not real Communism". Said by every closet Communist.
CCP: Stop complaining. Everything’s great. Just focus on working 996 for less pay, having 3 kids, paying the mortgage on a house that’ll never be built, and suffering in silence.
-Take loan to buy electric car from domestic brands, that stops running after 10000 kilometers.
-Deposit your leftover money in bank, which won't be allowed to withdrawn for next 5 years.
-Keep smiling and posting on social media how great your life is.
And remember, the home isn't even yours. It goes back to the state after 70 years.
@@chrism3790 Yep, which means no leaving homes to your heirs. The houses keep getting more expensive, wages keep stagnating, and you can't even pass the family home on. There is no family home. Every generation has to figure it out for themselves. A society with no private property is dreadful.
Eat bitterness. It's really good sauteed in gutter oil.
@@piotrmajewski5978you beat me to mentioning the obligatory perpetual car loan!
It takes years of love and tender caring, watering and feeding a fruit tree till it bears fruit, but just one person and such a short time to destroy it all.
The woman in the supermarket (minute 16) is not in Shanghai, she is somewhere in a town in Guangdong province and the road outside has been closed for construction for over half a year.
Dong, dong and you're spot-on. Ditto catch here. Haha!
Well im an foreigner living in shanghai for a few months. I come back and forward fairly regularly. The last time i was here which was only a few months gap i noticed at least 15 businesses in the immediate vicinity of where i live had shuttered up. No sign of anything new in the months since. All that being said the Shanghai economy is still a goliath and it still has many things going for it not least of all its massive population. It can weather the storm but the boat will take a few hits.
How are you using CZcams in China? #DownWithTheCCP #ChineseRevolution #DownWithTheCorrupt
@@MissKealoha为什么不能用？
what happens when a ridiculously large bubble finally bursts
I don't think it's even started. I think there will be adverts for "for a few pence a day you can feed a hungry child".
@@aegiselectric5805 as a child in the 70s, if I didn't want to eat something my parents served, my mother was not a good cook, they would often tell me that there are children starving in China. My usual response was, predictively, then send them this
It would be 2008 again . Bankers and friends get richer, and the rest suffer .
@@iggyguy88897 Never compare it to 2008. The US never had an oversupply problem except regional pockets.
Easily could have been fixed by instituting a "property tax" a decade ago. Local governments would get a steady stream of income. Would have slowed down the speculation due to carrying costs.
"...depends on exports" but railway make trouble with containers shipments, authorities are harassing last working companies, banks make problems to receive payments from abroad,... this looks deliberate shutting down of country.
But like the paid actor said, "I have an inexpensive but good domestic phone" probably a Huawei. Right only so many people can afford Apple products. Just like Tesla autos only so many people can afford to buy them.
Many people buy huawei phones because they are excellent. The price is similar to Apple. My wife has both an iPhone 15 and a huawei and much prefers her huawei. Personally I much prefer apple.
only 1 friend left in Shanghai .. stubborn (& from wealthy Cali fam) not blind to deconstruction of once vibrant city & it's businesses. According to her it went off cliff after White Paper Protests.
They'll show you the room full of bling. They won't show you the room where they keep the bucket of cobras.
Shanghai the magic city, where the ccp vanishes your investments
well, at least their stores aren't being looted
Yep! It’s better to be looted by CCP than by citizens.
Because the people doing the looting aren't the populace, it's the government. CCP monetary policy is basically using peoples bank deposits as loans to the government, to finance largely worthless infrastructure and manufacture subsidies at this point.
you clearly havent seen a good sale being advertised in ch 1na, grab hags and crushing groups are common when something is given away or put on a mega sale.
Any country without spooks is better than the us
Tim Cook : Hey, Elon, I just did something you could never have imagined!
Elon Musk: Hold my beer.
I'm sure that when China seizes their assets they will expect the US to go to war to protect them. Sorry boys, you should have gotten out on your own. Sleep with dogs, get fleas.
#DownWithTheCCP #ChineseRevolution #MandateOfHeaven #DownWithTheCorrupt
Second hand homes 😂 compared to the “new” tofu dregs
Its actually both more delivery drivers - Uber, Didi, Lyft and fewer orders.
The money is gone.
Great video!!
You can get an idea by just modeling out conservative numbers:
Foreign workers averaged at least $50K in spending. So, lowball number would be &5B per / 100K. That’s equivalent to 1/2 GDP point for Shanghai.
Foreigners leaving on the low end is 1-2 GDP hit. Probably 4-5 point hit on the high end.
Foreign tourism is lower. Companies have shifted to Singapore. Not even going to include real estate valuations, but the service / selling side. That’s way down. All these things add up to do real damage.
Singapore is going to hugely benefit from China's fall.
Crapple moving Asia HQ from Singapore to Shanghai is so hilariously stupid.
OMG, the econonmy is certainly not as good as before. Isn't that the same in the rest of the world? Post covid recovery, whatnot, we can certainly not just print money and hope for immediate recovery. However, i have heard that people are lining up to pay off their 30 year mortage in advance. Many people are spending more money on traveling since old Chinese tend to be savers instead of spenders. You could totally checkout bloggers who show tourist attractions in China and the major railway stations to see where people are. What can you do if you don't have time to spend in the future like in case of the Covid where people lose their entire family. It's only logical that people are in this kind of mindset. I've lived in Canada and China for many years. Just want to provide a second opinion for people before they judge.
The fact u can’t say anything bad about homegrown businesses in China but can go all out on foreign brands if u want proves how weak Chinese brands really are.
Thanks, great reporting.
Shame Shanghai is losing magic, if the CCP goes it could get it back.
Great job Emperor Xi.
WOW SO GOOD
I thought this is a normal thing nowadays. All citys here in Germany at least, have the problem with dying inner city businesses
Come to Mexico, economy is thriving! Restaurants are full, supermarkets are stocked to the roof. Thanks to our president.
@@miguelescutia5556why do so many Mexicans cross the border illegally to USA?
@@StarsManny you're thinking about the 90s
@@miguelescutia5556 pretty sure it still goes on. Maybe less so but it's still a big problem.
There is something wrong with world economic model were humans are treated as resources not a conscious being and thereby
Consumption is a end goal.😮😢
The question becomes, how do you convince the masses to be selfless? You may think this is simple, but human nature is to covet what others have and defend to the death what one owns.
Remember back when companies had "personnel offices"? Now they are called "human resources". Let's see...resources...like coal and iron ore and timber and...people.
I gave a thumbs-up for the information not for what the Chinese people are going through. 😢
I had been to many of those places ten years ago. The economy wasn't great then but it was still very busy. Now they look like ghost towns.
👍👍👍
Obviously the super rich know something we do not. China looks like a dump… but they keep investing.
It literally has to do with promises made by Xi himself.
It’s the rich, helping the rich.
Li Ka-shing has been dumping China assets from the mid-2010s. Dude knew the scam was almost over. Wasn't worried about finding the top, but just slowly getting out.
Wow the Shanghai sky looks so clear in your videos, looks like they fixed the heavy smog that was there 5 years ago!
No. It's gotten much worse. Lol. Look at most recent satellite images.
#theskydontlie
They're applauding the business that supports the PLA.
Tim Apple as called by others
Sounds great. I will travel to Shanghai on vacation next year.
Visa from North Korea?
He said peasant like he wasn't one 🤣
1:14 ....an example of amazing Chinese thinking. If only the majority thought like this in all areas.
I am proud to say I've never owned a single Apple product and I'm several thousand dollars richer for not ever buying them.
Expensive virtue-signaling. "Hey look, I'm one of the cool herd! Baaa, baaaa!"
Me too.
I've got several laptops. One of them is my MacBook from 10+ years old and still works pretty well. My newer Dell is terrible. Had issues immediately out of the gate. I hate it. I had to blow it up and re-install a clean Windows.
(I wouldn't have switched except...Excel. The Excel for Mac is just terrible. I think they purposely screwed it up.)
I think you make reference from New York City , New York have 70 percent of office space vacant since 2019 it about 96 million square feet of office available but no one want it.
No one can afford it.
Difference.
It’s call deflation,,, Chinese have to ride out real estate malinvestment
the statement that unemployed working between job as a delivery worker is crazy
Sheep at the Apple store....baaa...baaa
Lining up to be f*cked by Tim Cook. China harvests leeks, Apple shears sheep.
Sad reality for another 10 years…?!
yo... video editing getting a lil sloppy guys
I don't think "peasants" is a good word for ‘’农民‘’. Perhaps, rural migrants is a better and more respectful term.
Pacific Sept store 'surprisingly' closed? It was already deserted before covid. No surprise there.
Sheeple
What the hell is going on?! I want to visit Shanghai and Beijing but is it not such a good idea anymore?
The commenter from minute 11 to minute 12 talks about people being sick for a reason that "everyone knows". Does anyone know what he is hinting at here please? Thank you.
China's "zero COVID" policy has ended, but the scars left on the Shanghai economy by the complete lockdown and quarantine are likely still severe.
There can be only one
@02:20 What the hell? That is either the most haggard, worn out and the first ever transracialized "16-year-old Apple fan" or someone messed up the title cards. Either way the result is hilarious!
fanatics....
Shanghai is in transition to the International city. Please be patient 😮😮😮
What will happen? International is leaving, not joining
The person talking does not real, but AI generated.
I don't see any young Chinese anywhere in the rest of China, there are some young slaves left in Shanghai, but the rest of China it nothing but a mountain & sea of pensioners! Where have all the young gone? To Birling Gap in Sussex?
2:17 - He looks like he's been through a hard life for his age. He also doesn't strike me as a Chen, more a Romaro.
China oldest allies Sweden, haves a huge scandal. The state tv wrote this:
"The Chinese journalist has been in custody since October last year - when she was taken into custody by the Security Service. Now SVT's Mission: Investigate in collaboration with Gothenburg-Post reveals that the government has decided that she should be deported from the country - with a lifetime ban on returning. According to the Swedish Security Service, she has been conducting security-threatening activities in Sweden for over a decade".
I'm first
Crazy how all the money left china . 🇨🇳 I mean all the foreigns 😂
Ha ha ha 😅😅😅
Man she talks a lot.
American and German companies are doing more investment in China.
No. They don’t. Germany kept Level of investment . America is going Philipines, Vietnam, India
Rise up People of China
Karma is hitting you hard, blame your greedy government you are supporting by grabbing other countries territory. Specially west Philippine sea.😅😅😅
Another episode of china bashing!!!
He acts like this is just CCP blunder. The same property bubble hit the US w/ similar results in 2008. It took GIANT, prolonged stimulus & bailouts to steer clear of Scylla. PRC should do that & make meaningful concessions to win US back. It's a must given bind they're in.
I will never buy another Apple product.
Trillion dollar company will lose sleep over you not buying an iPhone 😂 stick to your cheap harmony phones
@@jules263You're slow and a bootlicker.
@@jules263 ahhh, dont get triggered comrade.
@@jules263 Ask Bud Lite about that.
Snother fake Channel.
US propaganda reflects its racial and political anxieties and its profound insecurities about its own failures and decline.
Real US propaganda are all about anti white or anti Trump.
@@The_Smirk Anti-Christian, anti-male, anti-heterosexual...
Hey Little pink 👋🏼
@@vongame2027 Nope.
no words to describe the sufferings across America
' What happened to this Neighborhood? '
' I've never seen anything like it': Inside the center of the tranq drug crisis '
' Streets of Philadelphia, Kensington Ave Documentary, October 25-26 2023 ' - youtube
Lets hope that this city rebels against The CPP
Own nothing & be happy .......................
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Rev 21:8...liars heading to lake of fire for eternity... continue to lie for a living...
I wonder 💭 what will happen when Emperor 👑 Xi Jinping of China 🇨🇳 close off China 🇨🇳 to become the next big North Korea 🇰🇵! Ha ! Ha ! Ha ! Hilarious 🤣