80% Foreigners Have Left Shanghai, FDI Falls for 12th Consecutive Month
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- čas přidán 10. 07. 2024
- Some Shanghai netizens discovered that the number of registered students in international schools and housing rental data show a sharp decline in the foreign population, possibly exceeding 80%. In areas where foreigners used to live, there are visibly fewer foreigners, especially Westerners from Europe and America. This phenomenon is not only seen in Shanghai but also in other major cities and economically strong second-tier cities. The main reason for this is the withdrawal of many foreign enterprises and investment companies, leading foreign managers and technicians from Europe and America to return home.
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When you frown at the world, the world frowns back.
Refuses to remove the anti-esponage act.
Refuses to stop arresting foreigners and stealing their money. "Where is everyone going?"
They think foreigners are like their citizens. That they will just take it and do nothing. But I imagine it's local thugs squeezing whatever they can before it all collapses.
Left shanghai in 2015. Best decision I've ever made.
And nothing of value was lost
@@TheAcadianGuy who cares
@@larrysmith2123me. Because I went back to Germany
@@larrysmith2123 Also left and its been great.
@@larrysmith2123 you cared enough to reply 😂
When your best friends are Russia, N Korea, Iran, Talibans, etc., need I say more?
I never had any desire to tour China. CCP is no bueno!
For scenery, foods go to Japan, Korea, Taiwan instead.
For shopping, go to Singapore instead
Then you're silly because Shanghai is amazing and CCP isn't involved in our lives at all. I've had some of the most memorable experiences in Shanghai over the years and I'm from NYC.
@@Wushibuxiaobaibu That's dumb even for a CCP propagandist! Communism sux!
@@Wushibuxiaobaibu
Ya sure just like a Shanghainese friend concurred with you that the 3 years Covid lockdown, 3 years of business closure, frequent swab tests, and the closure of a Japanese company he was working in didn't have anything to do with the CCP. So enlightened to hear that.
Meh you would be surprised there are many interesting places to visit, Asia in itself is full of places worth to see once in life
Frenchman here. As a French engineer I worked in China Shanghai, Nanjing Beijing. At the time there was a China dynamic for openness. Since a few years, since the pandemic (and the extremist policy of Zero Covid), since the war in Ukraine (where China sided with the Russian invador), since a form of supremacy, threatening neighbours like Taiwan for us westerners, life cannot continue like before. Now that there is an increased mistrust. Investing in China is good ONLY if there is respect of the external property (licences, patents, etc).
I feel like it went downhill as early as 2012
China referred to Australia as chewing gum on their shoes because we dared to asked “What caused Covid”. Surprisingly we aren’t rushing to visit.
I’m mad as hell!!! They lied to me
The US started the Covid pandemic.
Gain of function at Uni of N.Carolina and Fort Detrick lab leak.
and yet Aussies still begs for China's consumption + $$$$..... lets continue dumping the wines yeh?
@@csoffline7820 Personally I couldn’t care less about wine, I’m not a drinker. However, Australia makes world class wines at affordable prices through a science based approach and efficient practices. China called that dumping because they couldn’t compete, even with their fare cheaper input costs. Australia gave up car manufacturing because our scale and labour costs couldn’t compete. We import 100% of cars now, tariffs free. We aren’t begging for anything. We would have rolled over already to China’s bullying by now.
@@kitatit It's clear you never in life attended a basic economics class! When your main customer is a 1.4 BILLION people's market, you keep your sorry mouth shut!!!!
Even Europeans ridiculed Australian government officials for trashing China, just to please America?! Singaporean officials for this reason alone, don't dare to trash talk China in any official media outlet! Unless of course you believe there are several 1.4 billion people markets you can tap in to?! (The only alternative is a country starting with a "I" which is dirt poor)
The government killed the Golden goose
Is China so lacking in original thought that Shanghai shoppers need foreigners to show them what to buy?
Chinese only buy what Westerners buy. It's like my dog, he only wants what I'm eating.
you mean dog food?
@@fredfred6159 No, I don't generally eat Chinese food. I prefer Thai, Western or maybe Indian.
Yes. They have no original thought. It’s what happens when schools tell kids what to learn rather than how to think. It’s happening in America now.
They will not be shopping at the airport.
This is what happens when you capriciously shut entire cities for months and disrupt offshore companies’ supply chains at a whim and then vilify foreigners, particularly Japanese and Americans. They decouple.
I can testify to that. Did a layover at Shangai on my way to Tokyo. It was dead dead dead. Shops were close, and I had to buy food from vending machines since the only open restaurant had a queue similar to boarding.
Wow. Thats actually scary. It’s a death spiral.
I’m in Shanghai right now and it was the same for me
@@Kunfucious577wait, angel said there were customers. Just no stores to buy from. Hence the long queues.
Are the airline lounges closed too? The One World lounge - whole bad compared to the rest of the world was 2nd class - it was better than nothing.
Good!!!!
The good news is that the pace of foreign divestment in China is accelerating. I'm doing my bit by NOT buying "Made in China" and you can too!
LoL I have been doing that too. The last trip to LV outlet reflected it. All of the apparels from 6 different brands, none was made in China.
Chinese here，I like Western countries, l like Korea Japan and USA
@@chenghuding Shouldn't you like China better? I heard that CCP gotten rid of poverty and the country is more advance than most western countries.
Would u mind explaining to me like I'm a toddler what has triggered the anti-Chinese trade sentiment 🙈
I hope soon the tags on products will say NOT MADE IN CHINA!
I used to purchase a significant amount of Chinese goods, but have now stopped due to their support of Russia and Chinas aggressive stance with Taiwan and other nations in the Pacific. I may pay more but there is a bonus, the quality is far better than China's
Can you please let me know where you buy stuff because here in Germany when you go to Amazon most of the Stuff is from China so i buy from Aliexpress but i would love to switch to shopping sites maybe from Vietnam for Clothing but have found nothing that comes close to Aliexpress.
Yes, buying Chinese goods usually was unsatisfactory and I'll avoid them altogether.
Plus China is always in the news for toxic chemicals so it's safe to assume many things they make are just bad to have around you. Whether it's the dye in clothes, plastics, metals or the materials like plastics, metals, etc. There's no way to trust the country because they even poison their own people in all facets of life.
💯 - Free Taiwan forever!
Kudos to you !!!
A very Dangerous country now, avoid it like the plague
Or avoid it like the Coronavirus.
The CCP are just so damn reactionary. They're pulling levers like some demented railroad switchman and as they get more desperate, it's just getting worse. But the one consistent theme is: Foreigner Bad, CCP good.
💯 percent!
BS
A few Americans were stabbed a few weeks ago..for being white
Chiiina should steal more technology from the ones who try to help them. Akin to biting the hand that feeds them.
Shouldn't
@@russelbrown6275 AI 5G Gaokao Pipeline to Corrupt official Failexpertise
The number of effective invention patents owned by foreign applicants in China exceeded 900,000 last year, an increase of nearly 5 percent year on year. The trademark sector has also grown, with the number of valid trademark registrations by foreign applicants in China surpassing 2.1 million, marking a year-on-year increase of 3.4 percent.
This growth indicates foreign enterprises' confidence in China's intellectual property (IP) protection, said Shen Changyu, head of the CNIPA, during a recent symposium attended by 11 foreign-funded enterprises, including AstraZeneca, Ford Motor, LEGO and Tesla.
The US complains that others steal its technology, but America was once a tech pirate itself. Even U.S based companies steal tech from others.
Some examples.
A Los Angeles jury ordered Apple and Broadcom to pay $1.1 billion to a California university for infringing wifi technology patents in what is thought to be one of the largest patent verdicts ever.
Apple was ordered to pay $837 million and Broadcom must pay $270 million to the California Institute of Technology.
Alphabet's Google must pay patent holding company Personal Audio LLC $15.1 million (nearly Rs. 120 crore) for infringing two patents related to audio software, a Delaware federal jury said in a verdict
Sonos also sued Google for stealing tech and Google had to pay 32 million dollars. Sonos has accused Amazon of stealing the same technologies for use in its Echo audio systems. Additionally, in 2020, a federal jury ordered Amazon to pay $5 million to Texas-based Vocalife for infringing on its patents to make Echo.
.
May 23 (Reuters) - Chipmaker Micron Technology (MU.O), opens new tab owes computer-memory company Netlist (NLST.PK), opens new tab $445 million in damages for violating Netlist's patent rights in memory-module technology for high-performance computing, a U.S. jury said on Thursday.
Verizon Wireless must pay $847 million after a Texas federal jury determined Friday that elements of its 5G wireless networks, smartphone hot spots, wireless home routers, and MiFi devices infringe another company’s patented technology.
The number of IP lawsuits in the USA rose in 2020 for the first time since 2015, and court awards rose to $4.67 billion from just $1.5 billion in 2019
You are just believing without checking and you are sticking to the same old stereotypes.
That is a myth promoted by the USA. Companies that do business in China know exactly what they are getting into when they research and develop or manufacture in China. The companies willingly sign the agreements that gives the Chinese company the right to produce copies or versions of products for their own market. They do it just to save money and not have to pay US wages and deal with unions, but lie to you so you keep buying their cheaply made crap.
It's sad because all China had to do was nothing. They could have done business as usual and not try to fight everyone and they'd be fine.
I would not go to China even if they offer free airfare and accommodation
All foreign factories must leave the Winnie the flu land 😂
Haha winnie the flu haha.like it
Even with 15 day visa free travel, no one wants to visit!
In addition some Chinese nationals might even need a invitation letter to even enter Vietnam at all.
There were over 14 million foreign tourists visited China in the first half of this year. .
@@teflerchina.2987 chinese nationals returning home to visit family dont count. There's 5 million of them in america alone!
15 day visa free can turn into 3 years of political imprisonment with no justification .. Ask the two Canadians named Michael's 😅😅
@@allenl9214
I guess you don't know the story behind the two Michael's
One is suing the other.
Michael Spavor and Michael Kovrig were released in 2021 after 3 years of imprisonment for 'spying.' Spavor has now accused Kovrig of having given information to the Canadian government, lending credence to the Chinese allegations.
in November, 2023, Mr. Spavor sought a multimillion-dollar settlement from the federal government, and alleged that information he shared about North Korea with Mr. Kovrig was passed on to Canada and allied spy services without his knowledge - ultimately leading to the pair’s detention.
The U.S also detains foreign and U.S citizens as political prisoners.. Meng Wanzhou is one example.
Let's face it.
Why would any business transfer core technologies to its competitors?
That would be detrimental to its own business.
Becasue once busines are established in their country, the government demands transfer of tech otherwise the foreign companie's huge investment will be for naught. it's blackmail.
@@TheManWithAwaterPitcher
LOL.
Intel couldn't be bothered with the loss of its factory. Just ask the Philippines.
@@RUHappyATM Intel is currently in danger of losing market share. 13th and 14th gen lineups sold to server markets are causing huge errors, server downtime. many are losing money. The old Intel engineers are gone and the new breed aren"t attracted to chip design becasue Tawiwan market has basically have better talent and are handsomely paid. As for Intel leaving the Philippines that is old news. We are afterall talking about China.
Exactly. They weee promised opportunities to sell in China- but now realize the CCP would rig the game for locals. They should have left long before WuFlu - it was obvious the gov lied.
Because china has billions of people to sell it too, in exchange they’re forced to give their technology to china
Blame your leaders..
I lived in Tianjin and went to Shanghai twice. I hated it there both times. People were so rude.
Virtually all of the PRC is the same.
Shanghai is 1000 times better than Tianjin. Youre joking haha
Aren’t they rude everywhere
The good news is the China crash has been a long time coming. Signals for at least 8 years for most intelligent observers, so the pull-out by most foreign investors hasn't been a huge rush to the door.
The CCP are now trying to go all moderate on Western companies. It's like watching some monkey pulling about 3 economic levers trying to pull itself out of the shit.
What do you do for dimes?
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-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 70%+ without streams, and middle class people over 35 will all be laid off.
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 2 dollars.
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
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
@@dragonlordful I'll sell you my Grandmother.
@@sleepinglaffey3886 Thanks Laffey.
Why would anyone want to support CCP ? I mean unless they had no option
Unless mrbeast goes to china and said "IM GONNA REBUILD THIS COUNTRY WITH MACHINE FROM 2050!" They had to rely on CCP
That's exactly it. They had no option. The CCP didn't come into power as a result of being voted into power, they came into power as a result of a violent rebellion against the Kuomintang.
The Scott Ridder fans.
I left Shanghai five years ago after fifteen years living there. Very sad to see City Shop close down, used it frequently.
Similar. Left 3 yrs ago after spending 17 yrs. based in Shanghai. Enjoyed my time there overall. Was fortunate and grateful to be part of the development of China. Could see the writing on the wall , though, even before covid hit.
@@SuperLooneyrooney Same, things had changed before even covid came along. The nightlife was especially affected, even stalwarts like Bar Rouge and Cotton’s have closed down.
@@SuperLooneyrooneyI lived 13 years in China,indeed I started feeling my students from 2015-16 onwards start hating foreigners when
previously they loved foreigners.Xi's dystopian brainwashing results..
China gifted covid to the world not thinking of catastrophic repercussions to it's economy❤
Can you respond to the video that "Expat adventuring in China" have done that there's no homeless people in China please?
@@guillaumebartys4437can you shut up
是的，你把你的母亲送给了我，这将对你的生长发育造成重大影响
Funded by the US and with genetic engineering to be more harmful to Asian people.
@@user-rj9ee7hw8u Covid did come out of China and China did NOT restrict its citizens traveling out, during the height of it..
so.. yes covid was China ensuring it spread.
You think we're stupid?
China is a developed country. China imposes 218% tariff on Australian wine. Tariffs on Chinese goods should start at 218%.
Australian wine is that good ? Wow . This explains their alcoholism .
@@Mikewee777 Butt hurt much?
@Mikewee777 even with wine as good as ours there are 26 countries that drink more 🇦🇺🖕
One of the most vibrant city like Hong Kong is decaying and individual citizen are supposed to be very enterprising. Today the visitors are no more except the mainland Chinese and the HK citizens are very disappointed and trying to get out of the country and settle elsewhere. Suicidal rates are also very high among younger population. Like Tibet where suicide rates are very very high.
Who needs Australian wine? I’m sure there is a copy. 😑
God blessed Philippines 🇵🇭 allies country 🙏
Don't let Duterte's daughter become president -- she will surrender the country to Xi.
I pray other countries do what's right and change all maps for South Asian Sea that would help
Philipine is worse than China! Full of corruption!
"Everything is going to plan"
-- Pooh.
Do you mean Poo?
Winnie the Flu: A Tale of Blood and Honey
South East Asia is more friendly and cheaper for Investing.
i was at Sh pudong international airport a few months ago around 6pm SAT only one restaurant opened in the whole huge airport! thinking i could find many food joints but nothing not even one convenient store! Very few stores and foreigners. Bring your own food!
I'm proud of the west and Europe for pulling out of China. It's about time. I personally go out of my way, pay more, wait longer, etc. to buy products NOT made in China. Allies are sick of China's spying, cheating, bullying, dishonorable behavior. Autocracies will never understand how deep the resolve of free people are. When China wants to behave like a civilized, honorable society the free world will hand them a bill for their past and current crimes and then, welcome them.
You are damn right pal 👍
1 foreigner in Shanghai is 1 too many
Why bother ; every time we try and do business with Chinese we always get scammed
i had to fly in and out using that airport.
when flying out, my flight left in 12 hrs so they wouldn't let me even through until about four hours or less before the flight.. so I waited for 8hrs in a bucket seat right there at check-in, dozing off a little and using my phone sparingly as not to exhaust its battery. Least if I didn't 'sleep' for too long no one bothered me and that was fine. I had to wait through the entire night.
I would never have fully slept, I was afraid of thieves and held my backpack in my arms the full time.
to be fair I would do that in most countries except Japan well the Japan from 2000 I hope it didn't degrade too much since
@@fredEVOIX Japan is still Japan. Super safe and clean and absolutely fantastic fresh air. I live in a small town outside Tokyo. I do not even know where are my house keys, cause I never close the door. My last trip to China ended up in me loosing my power bank to security on the airport, and 4 hours wandering around the airport, looking anything open so I could wash off this disgusting metallic taste in my mouth. I will NEVER travel to China or use their airlines again.
CCP : 'lets try to invite many foreign investment"
Also CCP : 'lets arrest and interrogate foreigners under the name of National Security Law"
Logic Not Found 😑
At this point, nothing surprises me when it comes to China. Honestly, people could start exaggerating and making things up, and I would probably believe it, lol
@@rudyrodriguez7301 Anything people make up is probably not as bad as what the CCP keeps a tight lid on. What we know is what has squished out through the cracks because it is too wide spread.
So the U.S does not have a security law? The Patriots act is far stricter than any other security law in the world.
The U.S/CIA used to, probably still does, go to other countries and arrest wanted people then transfer them to the black sites. Guantanamo bay is still used as a torture site.
Exactly. Their childish tit for tat. Their people are caught red handed stealing in the US, AU, and EU - so they make false claims against foreigners. Sad.
Left arm and right arm working independently.
funny when you tell investors go home you are not wanted here It is like getting beaten on the head lessons.. Slowly people decide they dont like getting beaten on the head lessons, and pick up their marbles and leave. The CCP has been busy busy thinking that they can do nasty things to companies and individuals with no reprocussions. How long in years will it take for those who are still left to figure it out?
A lot of people left after getting locked in their apartments for months and not allowed to fly home.
Yes. They know there will be more lockdowns.
China goes OOF!
Let them eat cake 😂
I like the liminal space look of these empty airports and malls 😆
A profitable opportunity to sell haunted venues .
@@Mikewee777 or to create weirdcore traumacore pictures and tiktok shorts 😂
Don't worry, Pooh had a plan to answer all your questions. and fix all your problems
Can you respond to the video that "Expat adventuring in China" have done that there's no homeless people in China please?
Everyone knows that plan. It’s the eat bitterness diet. Followed by you should surrender your earnings and messily paycheck voluntarily so the fearless leader can have a never ending honey jar for himself.
Yeah the plan is for his people to eat bitterness. While they get taxed to refill his honey jar.
Boycott investing in the stupid CCP let them provide jobs and a stable salary for millions of Chinese 😂
AI 6G Slopaganda Failexpertise #theskydontlie
Maybe if they had modern drainage systems🤷♂️🤷♂️🤣🤣
How about any drainage system.
And that's just the start! Collapsing infrastructure, roads and buildings too.
Agreed. The time to start exposing the myth of China modernity is long overdue.
youd have to be insane to stay after how they dealt with covid, regardless of political tensions today
Confucius say: "Live and let live, don't kill your customers"
After attacking tourists, gee I wonder what could go wrong?
ccp still lying 😂
Lying and distorting truth is part of their policy.
You know that first woman is just mad that she can't find a foreign sugar daddy
Great news
Waning and debilitated domestic demand has triggered the closure of restaurants and retail shops across China. It is deteriorating very rapidly.
Well you can blame the ccp for tanking the entire economic situation in hongkong why would westerners invest when there a huge risk for intellectual property theft now the Golden time to invest hongkong is over you can thank the ccp for that
They are very aggressive to other countries but now their economy is in freefall...maybe that will teach them some manners...a horrible lot...
its sad why would you do bussiness there if you may get put in prison or they stuff stolen for the state very sad
CCP's facade is beginning to crack and maybe before this year ends this crack will even go deeper if they don't treat the root cause which is their corrupt governance towards their fellow countrymen. Godbless you China🤍
They keep saying we are their enemies and now they're surprised we don't want to visit them.
This is what happens when you support Russia against Ukraine....
Ukraine is slowly being absorbed by Russia and its neighbors. No point defending such a wicked place anymore.
You think the west gives a shit about Ukrainians dying , this is all about money and it became cheaper to operate elsewhere.
City Shop was great in the early 2000s.
High end in China is like roaming the Serengeti 🤣🤣
Pooh and Poopin at your service. I mean, what can go wrong?
You've been Shanghaied!
So all the anti “foreigner” propaganda wasn’t a great idea 😮
How did that Zero COVID policy work out, eh CCP?
Chiiina is dead
Makes me irritate
Nah. China looks like our cities in 2021. Are our own cities dead today? No. They are different. Many of the businesses that died aren't coming back. The increase in online sales made the retail market smaller than it was in 2019. Margins are also being squeezed. I still see some lots still empty today. They will work it out. Just like we did. Don't believe the propaganda that China is done and we can relax. If we do let up, we will open our eyes one day only to discover China already far ahead and pulling away and no way for us to catch up again. Don't believe the people peddling the feel good lay flat message. If we do that, WE are done.
Haven’t bought made in china in years, maybe a decade.
Good
3:23 - To the chinese authorities, FDI is an indicator that reflects the foreign confidence in China.
No. To them, FDI should be an indicator of how much crap people are willing to take from them when visiting China. They're massively mistaken on that one. And you notice how it's "FOREIGN" confidence? Not INTERNATIONAL? Yeah.
Why would I even go there if what awaits me is xenophobia, threats and, worst case scenario, a beat down from a ccp supporters with their hyper-nationalistic views without being able to defend myself at risk of ending up in jail because I "assaulted" a local in self-defense even if I'm super respectful of your traditions?
Yeah. Keep your economy. I don't want anything to do with it nor any desire to learn from your culture. And if I do, I'll ask google.
Smart money and people are leaving China
Saving? You have to have business or a job to have money to save. Apparently China doesn't have either.
Would you enter a house knowing it is catching fire? Would you stay inside a house after it catches fire?
Foreigners are being harassed and even stabbed ...
would you enter a house knowing that someone inside will imprison you with fabricated crimes and consider you as spying?
would you enter a house knowing that house itself is known to be poorly built and about to collapse?
would you enter a house knowing that they will serve you with food cooked from gutter oil / oil tainted with crude oil and serve you with shit water? 🤣
Can you respond to the video that "Expat adventuring in China" have done that there's no homeless people in China please?
@@guillaumebartys4437foreigners bought by CCP $$, just propagandists for the CCP only spewing that lie.
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-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 70%+ without streams, and middle class people over 35 will all be laid off.
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 2 dollars.
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
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
Also a similar situation at Shanghai Hongqiao International Airport
There seem to be few patriotic Chinese internet operatives here.
It started getting bad for foreigners way back in 2011. I got myself up and out of China in 2012 while I still had good memories about the place.
Go to ask XI
Just passing through there to change planes, you could see how much of a police state it is
Visited Shanghai in 2000. Beautiful city, beautiful women, great food. Did not feel welcome there and was quite relieved when the plane took off on my way home. Never been back.
A friend just got back from visiting China, and he had a bad experience with people not being friendly with tourists, airports giving him a hard time getting out of the country, etc..... He says he will never go back to China
to be honest, Shanghai had became unaffordable, Rent was more expensive than New York yet the standard of apartments was very very low having to deal with constant construction noise. Quality of life was highlighted during Covid and China just does not have a high quality of life to offer foreigners.
Who would have guessed that if you don't pay your employees, the will at some point no longer show up at work.
funny thing is i am listening to the topic over and over again but i still click to listen
A17-minute discussion of plummeting Foreign Direct Investment that never once mentions China's direct support of Russia's invasion of Ukraine? How naive!
I really would like to vist china again,
but the situation is not safe , on many ways.
Its like the CCP economic officials did not even read the very old Wealth of Nations book
China had so much potential
Internal Circulation based upon what, your own people buying your own goods. In the time of unfinished housing or badly build huising with long term loans that still need to be paid off, and oh right... no jobs to pay for anything. IF lucky you might still have a job after a huge pay cut.
So what Internal Circulation.
THAT MEANS TO SAY CHINA ECONOMY IS POPCORN ECONOMY,,NOT SELF SUSTAINING EVEN WITH I.4BILLION POPULATION,,.
Yes. The ‘massive Chinese middle class’ was always a scam. First, middle class isn’t very high wages; b) they’re saving to buy a house, not buying goods; c) CCP was never going to allow open and fair competition - local companies after stealing foreign IP would be shielded from competition. Apple and Tesla are 2 of the very few exceptions. Although I wonder if BYD got some of Tesla’s tech and Tesla will eventually be shut down.
There is this very old saying, it even originated in old China. "DO NOT BITE THE HAND THAT FEEDS YOU".
China did it to it self. No sympathy.
Yea $500 for visa 😅 to china
This is the perfect example of: it's written as "karma" and pronounced as "so glad for being such a douchebags" 😂😂😂😂😂
Dont these people watch China Observer? They seem to be oblivious to the obvious writing on the wall
CZcams is not available in China, it's blocked by the Great Firewall.
@@kuebby plenty still use VPNs, they are on Twitter/X too.
When the truth is presented with dispassion it is beautiful.
I was in Shanghai back in May 2018. Too bad I only stayed for 4 days instead of two weeks, all because of my only Chinese female friend that didn't treat me well. Other than that, sad to see Shanghai Pudong Airport in a current situation so bad!
This is what the CCP wanted, so congratz on accomplishing your goals.
Obviously, it is entirely not true, last time, I went back to China, there were a lot of of foreigners
It is so delightful to listen to your skillful and dispassionate analysis. I totally enjoy listening to you. I hesitate to praise you too much as you will think me false.
They all are on the island 🏝️ of no where
boycott cheena products
Pudont airport has never had much food. Been using it for 6+ years and it has always been that way. There are only a handful of places to eat in the entire airport. Like literally 5. Why? Idk. But its been that way for a decade.
Meanwhile, in the US, a bunch of bandits raided a restaurant and robbed in the living daylights. Beautiful scene, no?
Even the Chinese national are visiting other countries. They are following the trend too. Soo many Chinese tourist are currently in Japan lol.
Why do the Chinese use those weird filters 😂 they look funny
Thanks!
A rogue nation will never do well in the world.