Waves of closures Begin and China's middle-class returns to poverty/Rights defense waves

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  • čas přidán 20. 04. 2024
  • #Chinainsights#Chinanews
    The middle class, as the most sensitive group amidst social changes, their situation is a yardstick to measure the current Chinese economy. In 2024, the middle class in mainland China is experiencing an even more severe crisis, namely, a storm of returning to poverty, highlighting that China's economic glory is no more and that China's macroeconomic situation has entered a downward spiral that is difficult to reverse.
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Komentáře • 613

  • @natalieelizabeth7877
    @natalieelizabeth7877 Před 11 dny +289

    Lets not underestimate the panic the jailing of the "two Michaels" caused, foreigners are too afraid to step into China, and they should be. Also, the threat of the coming war with Taiwan makes it dangerous to invest, China has made themselves far too volatile, self inflicted injuries.

    • @johnodonnell3770
      @johnodonnell3770 Před 11 dny

      I have family in China wife/daughter China is screwed

    • @KnightsWithoutATable
      @KnightsWithoutATable Před 11 dny +23

      This right here, along with the raiding of the Chinese headquarters of multiple oversight companies that were required to do oversight of investments by Western companies in China. The laws in Western countries require oversight companies like these to monitor investments by Western companies to ensure that the money is being used correctly. Now they have had their offices in China raided by the police and laws passed that make doing their functions illegal, effectively making it nearly impossible to invest in China.

    • @abdullahalibutler4703
      @abdullahalibutler4703 Před 11 dny

      Taiwan will win

    • @bendyloco
      @bendyloco Před 11 dny +17

      Almost seems like someone engineered all of this, methodically.

    • @budisuwandhi6818
      @budisuwandhi6818 Před 11 dny

      The two Micheals are Canadian spies , it later proof by they own testimony when they sue Canadian goverment.

  • @Falconlibrary
    @Falconlibrary Před 11 dny +43

    It's an old pattern in China:
    New leader rises to power, makes much-needed changes, country prospers
    New leader becomes too powerful and insular, starts to do stupid stuff, country suffers
    Xi will be ousted and a new leader will take charge--but until then, to quote Mr. T, "I predict PAIN."

    • @sleepinglaffey3886
      @sleepinglaffey3886 Před 11 dny +5

      Mandate of heaven

    • @Psych_advisor
      @Psych_advisor Před 11 dny +1

      Or Mike Tyson: Everybody's got a plan until they get punched in the mouth.

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny +1

      Or in The Who's song Won't Get Fooled Again, "meet your new boss, same as the old boss..."

    • @philbertplummer1572
      @philbertplummer1572 Před 10 dny

      I prefer MR. T I pity the fool

  • @janeprepper177
    @janeprepper177 Před 11 dny +206

    Looks like the whole world is trying to get rid of the middle class 😮

    • @jonas3333
      @jonas3333 Před 11 dny

      Just as planned. U.S. will go too. Foolish to think we're going to be saved by some "president".

    • @Gizziiusa
      @Gizziiusa Před 11 dny

      kinda. the world elitists do. ya know...own nothing and be happy. those folks

    • @ryanreedgibson
      @ryanreedgibson Před 11 dny

      This has nothing to do with the whole world. This is what happens when the CCP believes it's economy isn't reliant on the west.

    • @Joe-Dead
      @Joe-Dead Před 11 dny +7

      middle class is doing fine in most nations. the states is around 74%. it's kind of an arbitrary measurement, poverty>poor>middle class>upper middle class (because there is a major step up too)> wealthy/well off, elites.
      poverty/poor is the easiest to classify, moving up from there is always lower or middle class. what is the criteria a government uses for that though? no food/housing hardship? savings? amount of savings? overall assets?
      rambling, poverty is easy, rich is easy, it's the criteria for the middle ground where things can get weird and that can depend a lot on the nation. state health care and/or education cuts huge costs out of what might be a poor level income in the states up to middle class in other nations that have those perks.
      it's trying to answer questions like 'what is middle class' with nations that can make you hate socioeconomics.

    • @HankN-je5lz
      @HankN-je5lz Před 11 dny

      wrong. not the whole world. mainly xi ccp china wiping their middle class in most worst ways.

  • @jerryrichardson2799
    @jerryrichardson2799 Před 11 dny +33

    This is in line with debt-deflation and demographic shrinkage.

  • @BeastOrGod
    @BeastOrGod Před 11 dny +15

    Instead of Common Prosperity, it's Common Poverty.

    • @deadwingdomain
      @deadwingdomain Před 6 dny

      Seen it here first. Capitalism kills just as much as any other Authoritarian entity.

  • @YourHineyness
    @YourHineyness Před 11 dny +73

    All of these people protesting for their "rights". What rights do people in China have? I haven't heard a single story where people got anything back by protesting. At best they are ignored, at worst they are attacked by police.

    • @HKim0072
      @HKim0072 Před 11 dny

      A "minority" group will never win against the government until the majority sides with the minority group because of ethnical reasons and not personal gain.
      Black people in the US didn't gain supposed civil rights in 1964 because they protested. It was because a large portion of the majority joined their side. And, this is the issue. Chinese people are self-centered and pretty selfish to their own personal needs.

    • @BlackPill-pu4vi
      @BlackPill-pu4vi Před 11 dny +4

      Try to point out the futility of ☮ protesting and the only solution, and it gets autodeleted.

    • @E.C.Animation
      @E.C.Animation Před 11 dny +8

      Sure they get something. Lowered social credit scores.

    • @berndkemmereit8252
      @berndkemmereit8252 Před 11 dny +4

      same as in the west. All Banking debt where covered by the Govt, aka you......did we ever got anything back? Do you get money when your employer just closes doors?

    • @BlackPill-pu4vi
      @BlackPill-pu4vi Před 11 dny

      @@berndkemmereit8252 None of these banking shenanigans were possible during the New Deal Era. Time to admit that Reaganomics and Shareholder Supremacy is not just a failure but, a deliberate act of war upon the people.
      The New Deal was created to restore public confidence in our institutions and it succeeded. We have far less confidence now than in 1931.

  • @kaputasri
    @kaputasri Před 11 dny +68

    A society that worships money over morals and ethics, this is what you get.They need to go back to studying ancient chinese philosophy on morality and ethics.

    • @petersvan7880
      @petersvan7880 Před 11 dny +5

      Amen!

    • @TrudeauhugspandasnotMicheals
      @TrudeauhugspandasnotMicheals Před 11 dny +9

      Yes but those teachings only exists in Taiwan today

    • @sharongillesp
      @sharongillesp Před 11 dny +1

      I think the USA would be well advised to take your advice. Homelessness is huge in America. The wealthiest nation. There’s literally NO MIDDLE CLASS. The majority of Americans are on the edge and struggling.
      Unfortunately America’s ancient philosophy is “mo’ money, mo’ money, mo’ money.” And the Salem witch trials. Meaning … their only “solution” is to enslave people and terrorize women.

    • @Psych_advisor
      @Psych_advisor Před 11 dny +5

      CCP: We did that.

    • @joannlarson6386
      @joannlarson6386 Před 10 dny +1

      That's for the ones that took everyone's money and fled. I feel for them, factories are closing there, and retailers here.

  • @auggieeast
    @auggieeast Před 11 dny +81

    If tax receipts dropped by 15%, how could GDP growth be 5.7%?

    • @nopoint2427
      @nopoint2427 Před 11 dny

      cherry picked data there is a higher chance of a winter in hell than a 5.7% growth in china

    • @allgoo196
      @allgoo196 Před 11 dny +1

      "If tax receipts dropped by 15%, how could GDP growth be 5.7%?"
      ==
      It's 16%.

    • @ultramagnus4105
      @ultramagnus4105 Před 11 dny +28

      Easy, the oldest trick in capitalism: Cook the books.
      With Chinese characteristics i.e Gov level.

    • @treyondaren3542
      @treyondaren3542 Před 11 dny

      China GDP is a big fat lie, its a very fragile gigantic bubble. They just print more money to cover the debt.

    • @topsuperseven7910
      @topsuperseven7910 Před 11 dny +4

      They count things like 'Traffic' and do a lot of little numbers games no normal country would get away with or would at least be considered silly for trying it.

  • @johnmascardo7047
    @johnmascardo7047 Před 11 dny +14

    "Protest and defend their rights", the #CCP says: "You have none, we decide"

  • @siegfriedheydrich
    @siegfriedheydrich Před 11 dny +23

    It really should be pretty obvious to all by now that the Emperor has lost the Mandate of Heaven. And history has demonstrated repeatedly that regime change is needed to restore it.

    • @AmnesiaFX
      @AmnesiaFX Před 11 dny +1

      And the famine killing millions during the cultural revolution didn't? 😅

    • @deadwingdomain
      @deadwingdomain Před 6 dny

      Xi is setting a dangerous path for China. The red families being ousted may create the backlash needed. But we will see. Personally, I'd like better leadership for all countries.

  • @jasonredpill7473
    @jasonredpill7473 Před 11 dny +11

    when travelling to CHYNA. You feel like being interrogated rather than being welcomed to their country. I way they treat foreigners during the zero-covid-lockdown. I don't feel any regret from them.

  • @carinwiseman4309
    @carinwiseman4309 Před 11 dny +22

    You only have rights if there is some legal recourse for making you whole after you have been wronged. If there is no way for people to get their money back, then they really don't have any rights at all. So call it what it is...complaining, and tell it like it is...slavery.

    • @IHZALewis
      @IHZALewis Před 10 dny

      So, rights is about money. You must be an American or at least have bought into the America philosophy: "rich and white make right".

  • @stewl6329
    @stewl6329 Před 11 dny +59

    "...to defend their rights"
    After listening to most of your videos, I wonder if rights exist there.

    • @phishinround420
      @phishinround420 Před 11 dny +13

      I was literally thinking, “You live in China? What rights?”

    • @o0oGhsto0o
      @o0oGhsto0o Před 11 dny

      On paper they do have rights. Unfortunately that doesn't translate to the real world. Lots of communist countries and dictatorships have rights for the people. It's a farce used for propaganda and things like the UN.

    • @yaboibSLT
      @yaboibSLT Před 11 dny +3

      It only exists if you're a party member and even that card can get revoked if you provoke the wrong people 😂

    • @user-nq6tn4ll9l
      @user-nq6tn4ll9l Před 11 dny

      u got it right . there is no rights in China for people.all listen to evil CCP.and they even try to threat US national security. How dare them.we must continue watch those esp to know more about our enemy.

    • @amraceway
      @amraceway Před 11 dny +1

      @@phishinround420 Right to home ownership. Highest level in the world.

  • @TheTektronik
    @TheTektronik Před 11 dny +102

    And the collapse continues.

    • @rogerbartlet5720
      @rogerbartlet5720 Před 11 dny +2

      and its going to drag the whole world down with it.

    • @patrickt49
      @patrickt49 Před 11 dny +9

      @@rogerbartlet5720 This is why the world is diversifying. Nobody wants to be shackled to China when it all goes downhill. And to some extent, that's already happened. As stock markets in China drop, everyone else's grows.

    • @jerryrichardson2799
      @jerryrichardson2799 Před 11 dny +2

      ​​@@rogerbartlet5720No, just most of the Eastern Hemisphere.

    • @deezeed2817
      @deezeed2817 Před 11 dny

      This is a Falun Gong linked channel. Be aware they're trying to pain doom and gloom because they want you to think it's worse than it is. There's no context to their videos. They take some social media account of a guy that complains that his business is in trouble and uses that as "evidence" that China is collapsing. I can tell you there's videos on here on CZcams of people going to places like LA and NY and showing entire streets of For Lease signs. That's not to say the Chinese economy isn't facing struggles but this "collapse" story is just propaganda. Anywhere you go today in the world there's alot of stories of unemployment and struggling businesses. I'm not downplaying China's issues but the simple reality is that there'll always be businesses that close and go bankrupt. That's not an indication of economic collapse. I hate to tell you folks but the worlds 2nd largest economy and manufacturing powerhouse by far is nowhere near collapse and if you're betting on one then you'll be disappointed. It's a structural readjustment from property to manufacturing.

    • @zacchk
      @zacchk Před 11 dny +2

      I don’t know why your comments are focusing on China. This is happening everywhere not because of China and no relation to China

  • @user-yy9hk9od9u
    @user-yy9hk9od9u Před 11 dny +20

    Now the CPC is going to send hundreds of millions back into poverty.

  • @annaclarke7643
    @annaclarke7643 Před 11 dny +12

    It’s painful watching so many people feeling such despair. What is the Government doing, to help and support the citizens of China.

    • @edwardmalik3388
      @edwardmalik3388 Před 11 dny +1

      Everything else but helping the Chinese citizens.

    • @USBestCountryonEarth
      @USBestCountryonEarth Před 11 dny

      Many Chinese people did nothing and surrendered their rights to the Chinese Communist Party. Most Chinese people went along with the Social Credit system, with the lack of building oversight / Inspector corruption, with the deteriorating societal relations, censorship of free speech, with acceptance of government bribes, with the hostility toward foreign nations. The Chinese people are partially to blame because they did not fight to ensure their rights and hold the government accountable to fairness.
      When the economy was good and everything looked like it was going up, the Chinese people let the government rob them of their rights.
      When the crap hits the fan and the consequences of the accumulative choices and actions comes to bear, its all realized after the damage is done.
      The whole point of maintaining good ethics and fairness in government is to avoid the catastrophe that is going on in China.

    • @cherylT321
      @cherylT321 Před 10 dny

      Their government doesn’t do anything to help their people; there are no safety nets!

    • @cr4yv3n
      @cr4yv3n Před 3 dny

      They are babbling about war with Taiwan. FUcking idiots.
      Thwe ;ady at 16:20's story is just heartbreaking :((((

  • @owenb8636
    @owenb8636 Před 11 dny +39

    The barber clearly should ask for payment in advance for the month and run away with the money. That's what everyone else is doing lol

  • @kristineyost6977
    @kristineyost6977 Před 11 dny +17

    There is no middle-class in the world these days

  • @jeffreyjackson5229
    @jeffreyjackson5229 Před 11 dny +12

    See, that's the drawback to any type of retail business. When your life is contingent upon people spending, if there is a downturn, you suffer. That's why I left retail management in 2008 and never looked back.

  • @Alastor999
    @Alastor999 Před 11 dny +13

    We can turn “…to defend their rights.” into a drinking game

  • @fourthprince1099
    @fourthprince1099 Před 11 dny +11

    I never understood giving money before a service is provided is welcoming theft. They give the money before homes are built they give the money before the lessons start, they give the money before trade. What’s the point of the company.

    • @HKim0072
      @HKim0072 Před 11 dny

      Dude - I took drivers Ed many years ago. And, you pay the fee up front. This is pretty common for a lot of things.

    • @caseyp3447
      @caseyp3447 Před 11 dny

      ​@@HKim0072you guys took drivers ed? I live in the southwest. Get some cones drive out to the desert set them up practice. :/

    • @HKim0072
      @HKim0072 Před 11 dny +1

      @@caseyp3447 On the East Coast, they would teach the written part at our high school at night. Can't remember if my parents taught me driving or had a paid teacher.
      Just remember that I got my learner's permit at 15 and would freak my parents out driving a bit.

    • @caseyp3447
      @caseyp3447 Před 11 dny

      @@HKim0072 oh, ok. I live in the middle of nowhere, its actually common that most people dont have tags on their cars or drive with expired licenses xD
      My husband learned out in the desert too at 12 his mom put him in a stick shift truck and had him figure it out.

    • @HKim0072
      @HKim0072 Před 11 dny +1

      @@caseyp3447 Yup, and I'm one of the city boys that...can't drive stick, lol.
      Really, it's because my Dad transitioned to a mini-van and my Mom didn't like stick.
      Doomed me later in life when my roommate lost her contacts surfing and I couldn't drive her Jeep that was stick.

  • @theobserver450
    @theobserver450 Před 11 dny +6

    My prayers go to all people suffering in different ways globally. It's sad to see China heading downward.

  • @NorthzYT
    @NorthzYT Před 11 dny +4

    This isn't the first time someone asks where people have gone, it's so hilarious that the CCP has managed to fully sweep the issue of defunct vaccines under the rug. Banks and companies ran away with money because they knew the truth, since they saw a spike of unpaid debts due to deaths.
    The CCP expected an economic rebound, but it only seemed like things barely went back to normal for a short period. What everyone failed to realize was that a rebound did in fact happen, but only for those who were still alive. Everyone is lowering prices yet customers still don't show up, because they no longer exist.

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      China expected a rebound, because they were dependent on US & European exports to make money on... but we're now in a Global Recession much like the one in the 1920s-1930s.
      And this time I don't think a World War will be enough to get the economic engines running again.

  • @nopoint2427
    @nopoint2427 Před 11 dny +7

    i feel bad for the woman at the end but it was greed and inadequate risk management that led to her demise.

    • @juanbertone1941
      @juanbertone1941 Před 11 dny +3

      i was thinking the same while watching. 1 store opened every 2 days.

    • @nimblegoat
      @nimblegoat Před 11 dny +4

      She feels sorry for herself , but many great experiences . What is more interesting is some rich people think they are super smart. She started her Tea business right place right time , now she struggles. You see it in west, people gambling 3 times bankrupt , then win a winner right place right time , and they can't wait to tell everyone how wonderful and smart they are,
      Even more annoying is those that chew through OPM to finally get rich. Ie opm = other peoples money. I can smell these scammers miles away. Trump from Apprentice days was so obvious a scammer from first minute I saw him.
      Then again suckers are born every second , I'm the best, I have the inside answers , you can have want I have , look at my houses, cars. I'll fly you to the Bahamas to seal the deal. Rather stand next to an honest drug dealer than that stench

  • @gtw4546
    @gtw4546 Před 11 dny +7

    How can she have 300 stores and only 100 employees? Unless she’s using slave labor, that makes no sense!

    • @YourHineyness
      @YourHineyness Před 11 dny +2

      Perhaps they were franchises rather than directly owned by her.

    • @Kodiakbear1966
      @Kodiakbear1966 Před 11 dny +1

      I have often found that translating chinese to english often inverts things, and makes males females. words like no, would be yes. I think its a translation error sometimes.

    • @gtw4546
      @gtw4546 Před 11 dny

      @@Kodiakbear1966 LOL - yes, Xi (pronounced she) is a he!

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      The same way McDonald's does, by franchisees.

    • @dasbubba841
      @dasbubba841 Před 4 dny

      I would assume she franchised them out, with the 100 employees being those in her management.

  • @Person-st8wz
    @Person-st8wz Před 11 dny +3

    I really appreciate it that there are some people out of China trying to pay attention to what's truly going on in Chinese and tell the truth.

  • @dans1741
    @dans1741 Před 11 dny +4

    People should have learned by now.
    Never trust someone with money.
    And their job is making money from the normal public.

  • @karlpoulin3938
    @karlpoulin3938 Před 11 dny +5

    So are we, here , in canada, under trudeau

  • @pennycandyys
    @pennycandyys Před 11 dny +23

    @Chinainsights…given how dead the streets are, how businesses across China are closing down, including larger businesses such as malls, and streets that once used to be the busiest in China, and so on, and given recent reporting that Covid hasn’t gone away, and that crematoriums (both insitu and the mobile ones) are still operating 24/7, I am beginning to wonder how much the population has decreased since Covid began. Is it possible that the streets are so empty, in part, because a chunk of the population has actually died? Is it possible that could be part of the explanation of why the streets are so empty? Regardless, it’s eerie.

    • @Henry_the_Eighth_
      @Henry_the_Eighth_ Před 11 dny +5

      Nah, you're overestimating the impact here. I'm currently in China and streets are busy and malls are filled with people, even on weekdays. Granted, many businesses did close and many companies struggle, but it's not as grim as you might think. Though the economic impact from moronic lockdowns is undeniable.

    • @topsuperseven7910
      @topsuperseven7910 Před 11 dny +3

      Almost nobody ever died from Covid but yes, every year, people who are at the end of life, have morbid diseases and immune problems die "from" (not really) a seasons cold or flu or bacterial infection. Recently we had a 60 yo friend here, he had some serious heart and health problems, he got a seasonal flu going around and you see, it was too much of a strain and his heart stopped. Keep in mind, that may have happened if he had a sudden fright like dodge a car accident or light seasonal cold or maybe stressful 'jetlag' from long distance travel.
      It might be that crematoriums are busy as China has begun a population decline where there are more deaths than births? but overall there are not that many missing people here. 98 of our 100 friends from 2018 are still with us.
      You're right, there are businesses closed all over the place and less people.

    • @pv2639
      @pv2639 Před 11 dny +3

      Wow AI is improving 😂

    • @justsaying.8017
      @justsaying.8017 Před 11 dny

      Internment camps…..china.
      🤍🌏🤍

    • @Kodiakbear1966
      @Kodiakbear1966 Před 11 dny +1

      I read 2 years ago that there were 150million less chinese cell phones that were active, those went somewhere. How about the massive fields of cars and motorbikes just piled up for miles. Its eerie in china for sure, to see empty streets in a country of over a billion.

  • @TFL19823
    @TFL19823 Před 8 dny +1

    They should look internally instead of looking outward which will help them to raise quality of life for common man

  • @sherrygadberryturner9527
    @sherrygadberryturner9527 Před 11 dny +4

    So, WHERE are these “owners” running off too? 🤔 I’m sure it’s not just the next town. 😏

  • @PoohSeaFresh
    @PoohSeaFresh Před 11 dny +29

    Looks like they're going to the Mao Zedong ahh era 😂😂😂

    • @amraceway
      @amraceway Před 11 dny

      That was when China opened up to the rest of the world.

  • @bradforddavis6497
    @bradforddavis6497 Před 11 dny +9

    Cheaters never prosper.

    • @botmoderator3405
      @botmoderator3405 Před 11 dny +3

      I don't know....Jamie diamond of JP Morgan Chase seems to disagree with you.

    • @bradforddavis6497
      @bradforddavis6497 Před 11 dny

      @@botmoderator3405 yes, now you move the conversation to a very significant question.
      Is the Western financial system based on debt and run by an opaque, autonomous pyramid of central banks, shareholder banks, and individual shareholders of those banks, fundamentally fair and consistent with American founding principles?
      The 'fair' part is tougher to answer. Consistent with American founding principles? Obviously not. In fact the system is antithetical to founding principles and has turned the American Republic into a grift machine whose products are counterproductive, endless wars, inflation, unsustainable debt, an inefficient centrally planned economy and an ever expanding, increasingly tyrannical government obedient to the opaque and autonomous banking pyramid.
      Somewhat ironically, perhaps, the American Founders foresaw this and wrote about the consequences we are now living through a full 110 years before the creation of the Federal Reserve Bank in 1913.
      Is it a fair system? Not in my opinion. I find the writings of the Founders prescient. Originally, the American system sought to empower the individual and enable the people to keep the government in check. Today the bankers run the war machine and the information machinery and want a One World system, they, the bankers control.
      The elected government is in the hands of AIPAC and other lobbyists obedient to the unseen banking pyramid. We, the people, are not consulted but avoided, kept behind a wall of propaganda which is privately owned in a very few hands. It works with and for the opaque and autonomous banking pyramid and subordinate war machine.
      Also ironically, what they, the bankers seek is modeled after the CCP. In this context the cheating is a very large scale manipulation of public perception where 'Truth is a Distraction.'. That gem just this past week from the new, ultra-woke CEO of NPR. Yes, she said exactly that.
      So this channel's deep, clear, documented insight and evidence into life in China are appreciated, important and relevant to the current trajectory of America. The markers for us here in the West, again, CBDC, increasing surveillance, growth of government, expanding, debt, war, inflation, and diminution of personal liberty.
      Cheaters never prosper. They are cheating us out of our American birthright of freedom via the manipulation of information. Will they prosper? At the moment they are dominant and have the momentum. We have the numbers but are badly disorganized, fractured on numerous, manufactured wedge issues and unrepresented by a corrupted, unresponsive political system.
      We'll see how it goes from here.

    • @bradforddavis6497
      @bradforddavis6497 Před 11 dny

      @@botmoderator3405 I explained it but they didn't allow it.

    • @LaconicMuse378
      @LaconicMuse378 Před 11 dny

      They ABSOLUTELY do.

    • @bradforddavis6497
      @bradforddavis6497 Před 11 dny

      @@LaconicMuse378 the quote originates in ancient China. Could it be humanity is not moving in the right direction? I put the blame on the debt based, corrupting Western financial system, the Zionists, globalists, Neocons and warmongers. But maybe these entities are just a fair reflection the human race.

  • @MW-xm1rc
    @MW-xm1rc Před 10 dny +1

    This video proves what my father always said: “That Government can’t run anything”!! Government workers care about the check and pensions!

  • @BenManu0227
    @BenManu0227 Před 11 dny +3

    Do these people have an idea who is to blame for whatever is happening in China?

  • @angiep8217
    @angiep8217 Před 11 dny +5

    How can they continue to pay their condominium unit if it wasn’t & never will delivered

    • @HKim0072
      @HKim0072 Před 11 dny +1

      The rule of law applies against them. And, never for them.
      The banks will use the law to enforce payment. But, the buyer has no recourse against the government / property developer.

    • @rempseaheinamies9414
      @rempseaheinamies9414 Před 11 dny

      Must be some Chinese thing. I though they were smart but it really doesn't seem so.

    • @USBestCountryonEarth
      @USBestCountryonEarth Před 11 dny

      I would never buy a property with illogical Chinese laws. Its the banks responsibility to ensure their loan is secure, not the clients. Home owners should always have an ability to file personal bankruptcy and be free of debt.

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      @rempseaheinamies9414
      It's an internal battle of greed vs smarts, and they let greed get an upper hand over smarts

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      Unless *"buying",* i.e. mortgage payments are cheaper than *renting,* it makes no sense to *"buy"* a home, apt., house in China.
      Because you're only *"renting"* any property *from the government* for a fixed amount of time, be it 70-90 years, after that time you're compelled to sell the *"property"* again.

  • @jonchicas-hw9op
    @jonchicas-hw9op Před 11 dny +1

    Awesome video 📹 my buds

  • @trentblume5998
    @trentblume5998 Před 7 dny

    Most Favored Nation no more. I feel bad for the People.

  • @allykhan8594
    @allykhan8594 Před 11 dny +2

    Adaptation was the main contribution of china to the world economy. Close your shop, go to your clients homes and offer a different service.

  • @2packrm781
    @2packrm781 Před 11 dny +2

    0:51 "where are the ppl at?" They're either in their home town in another province or moved out of the country.
    3:06 I feel bad for the Chinese Ppl who are in this mess.
    6:25 well.. she did get the "message/point" across while standing up for her right😶
    12:44 2nd wave of layoffs, oh man😬
    16:17 what a story about Ms. Bubble Tea🧋

  • @nexus888
    @nexus888 Před 11 dny +2

    I feel so sorry to see so many ordinary Chinese loosing their job and savings. The world politics has become increasingly aggressive for some years.
    I do think CCP is much to blame for this as they were already tough on foreign companies in china but went even further pushing their weight on various countries to force their hand to ‘support’ china. Ordinary people are suffering from the CCP dictatorship control.

  • @kw9592
    @kw9592 Před 2 dny

    Thank you for providing this insight… this is such a difference between what is presented in western media vs what is going on. I have heard from people that the Chinese economy is doing well and they are taking american opportunities… Obviously there is a miss communication.

  • @Hali88
    @Hali88 Před 2 dny

    Rule no.1 in life: spend only what you can afford (i.e. less than 80% of your income) until you own your own house, car etc with no debt. Then, when the rainy days come (and they will), you should be okay.

  • @NomadicCreator
    @NomadicCreator Před 11 dny +2

    Not just in China.....here in Canada too.

    • @boonnathan9827
      @boonnathan9827 Před 11 dny

      Comparing China to Canada is just stupid. China is still a 3rd world country. The world is laughing at weak China.

  • @MarksmanSpecialist
    @MarksmanSpecialist Před 11 dny +1

    I’m convinced that I rather have fragmented warring nations than one centralized country like China. At least autonomous regions will regulated themselves instead of the mismanagement of a giant nation

    • @georgeacun3619
      @georgeacun3619 Před 11 dny

      Funny, isn’t that what they had 100 years ago with warlords, now they would be called oligarchs.

  • @andrewvare3173
    @andrewvare3173 Před 9 dny

    Gnarly sitrep. Thanks

  • @jaylnnmoor4192
    @jaylnnmoor4192 Před 11 dny

    Thank you for bringing us this informative and very troubling news. Excellent reporting.😎👍

  • @malakcoccode3882
    @malakcoccode3882 Před 11 dny +4

    how dare they have a middle-class there is only people for the people in the name of people who's name is king Jinping the eleventh

  • @TheSovereign2011
    @TheSovereign2011 Před dnem

    I wish people who fall out of the middle class weren't convinced by false images around them that they are the worst off.

  • @jcover6938
    @jcover6938 Před 11 dny +2

    Andxthen..who is going to repair infrastructure..fix building issues..like maintaining critical services like gas lines, water, elwctric systems..or even impirtsnt building setvices like elevators..

  • @robertopang4240
    @robertopang4240 Před 11 dny +1

    The last woman is a hustler....She will be fine eventually.
    She keeps going and that is what we have to do.

    • @jimmysass
      @jimmysass Před 10 dny +1

      yeah she's 100% got my respect. A true definition of feminism - not that blue hair shit. People are people, regardless of race and nation.

  • @justjacqueline2004
    @justjacqueline2004 Před 11 dny +8

    Just as bad in the UK, where we have Potemkin shops and villages and so called manufacturing connected to crony-ism and nepotism where laws only apply to us plebs not the connected who rob us blind.

    • @cheesecake5236
      @cheesecake5236 Před 11 dny

      UK is a democratic superpower while China is third world country with no food or water. Terrible comparison.

  • @tomj528
    @tomj528 Před 11 dny +1

    Interesting that no matter what country or political system it always comes down to spending, debt and pissing away your financial security.

  • @gloriabeckley7464
    @gloriabeckley7464 Před 6 dny

    The future of America

  • @TWJfdsa
    @TWJfdsa Před 11 dny +2

    all of China has lost the Mandate of Heaven without remedy.................

  • @kateryan9988
    @kateryan9988 Před 11 dny +1

    Good.

  • @Kaypohrd-Wahlior
    @Kaypohrd-Wahlior Před 11 dny

    Good information

  • @Juan-os4hs
    @Juan-os4hs Před 10 dny +1

    I think most Chinese don't understand what "defend your rights" means.
    Getting robbed has little to do with "rights."

  • @LumiDurotoye
    @LumiDurotoye Před 11 dny +2

    “to defend their rights”. Doesn’t seem to be working…

  • @billc6762
    @billc6762 Před 11 dny +15

    China is a developed country. China imposes 218% tariff on Australian wine. Tariffs on Chinese goods should start at 218%.

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      And no free mail/shipping costs subsidized by any other country's government (like the USA does).

    • @billc6762
      @billc6762 Před 10 dny

      @@Juan-os4hs US postal is not subsidized. That's why they always run out of money.

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      @@billc6762
      All packages from China get handled free of charge by the USPS.
      That's the subsidizedation that I'm speaking of.
      Mail from other countries have to pay USPS postal rates, on top of their original country rates, China doesn't.

  • @chonstakerandom
    @chonstakerandom Před 9 dny

    300 stores and 100 employees? Geez no wonder she’s out of business, she’s asking one employee to manage 3 stores at the same time. At least get your stories right.

  • @davidgrenis638
    @davidgrenis638 Před 9 dny

    WELL IT'S GOOD THAT IT'S FINALLY HAPPENING OVER THERE AND NOT BECAUSE THERE ARE TOO MANY HOMELESS PEOPLE OVER HERE BECAUSE OF ALL THE JOBS THAT WENT OR WERE TAKING IT TO CHINA

  • @postscript5549
    @postscript5549 Před 11 dny +7

    Unfortunately I believe the U.S. will also have a bad financial situation very soon. The U.S. is $34 BILLION in debt. It is wasting billions on war on top of that. Scary time for the world.

    • @seekthetruth1478
      @seekthetruth1478 Před 11 dny

      The US is fine compared to China.

    • @sleepinglaffey3886
      @sleepinglaffey3886 Před 11 dny

      ​@@seekthetruth1478That is just how ridiculous that zombie economy has became

    • @dontcare7086
      @dontcare7086 Před 11 dny

      32-34 trillion not billion. Economists think the Democratic party is trying to keep the economy above water until the election. It's on life support now.

    • @ChuckFreeman0102
      @ChuckFreeman0102 Před 2 dny

      Still the best

  • @PixelVillain
    @PixelVillain Před 10 dny

    That rent cost. Its a Killer.

  • @sylarkane8883
    @sylarkane8883 Před 3 dny

    Maybe there is/was the Grandest Buble of them all in China? For example these pianos...usually there are only couple of places manufacturing and selling pianos...as they are not so often buyed products. But in Chinas boom more piano makers/sellers started than is necessary and this is the Crash to normal?

  • @sandi4215
    @sandi4215 Před 11 dny +3

    These AI dialogue videos do my head in.

    • @ChuckFreeman0102
      @ChuckFreeman0102 Před 2 dny

      It's not so he's always sounded like this. Also dont comment on ai vids cause you're boosting them with interaction

  • @captainhadd0ck
    @captainhadd0ck Před 11 dny

    It couldn't happen to a nicer country.

  • @sharongillesp
    @sharongillesp Před 11 dny +1

    How do you manage 300 stores with a little over 100 employees?

  • @gold3084
    @gold3084 Před 10 dny

    Much of this dirty money ends up in Australia and Canada as real eatate sales !

  • @FellTheSky
    @FellTheSky Před 9 dny

    that's the result of dropping out the supply chain

  • @user-je3kx6fw7e
    @user-je3kx6fw7e Před 11 dny

    Just imagine how many Construction Workers (infrastructure workers) are out of work, now that everything is built.

  • @davidstevens5358
    @davidstevens5358 Před 11 dny

    Blame the Australian government for allowing greedy thieving people to deposit money in Australian banks. It's not just Australian banks, America, Canada, European banks, etc.

  • @mattcowdisease1346
    @mattcowdisease1346 Před 10 dny

    Seems to be everywhere in the world. People cannot keep up with the current inflation. I make more money then ever but I still have to budget like crazy (single, no kids) because life has gotten crazy expensive and I live in the mid west where things are a little cheaper then alot of the country.

  • @jokim7822
    @jokim7822 Před 10 dny

    Many businesses in USA are faced the same

    • @ChuckFreeman0102
      @ChuckFreeman0102 Před 2 dny

      Not even close. USA is still the best and will be for the foreseeable future.

  • @jackshaftoe1715
    @jackshaftoe1715 Před 11 dny

    JUST LIKE RIGHT HERE IN THE GOOD OLE U.S.A. You can't have billionaires, and a middle class. We lost the monopoly game. Time to start over.

  • @randalsaladbar
    @randalsaladbar Před 11 dny

    Unbelievably tragic!
    Pres White wings is on borrowed time

  • @abdullahalibutler4703
    @abdullahalibutler4703 Před 11 dny +1

    Image working for years and then all that effort and striving has actually accumulated not only nothing but you have to pay for the nothing AGAIN! Your retirement your food your life after 65 that you already paid for has been stolen

  • @OneRadicalDreamer
    @OneRadicalDreamer Před 11 dny

    Do you think this will overflow into the global real estate market?

  • @greenpinapple820
    @greenpinapple820 Před 4 dny

    Me when every social structure in human history boils down to an exceedingly small master class and the rest of the humans as slave labor for said masters:

  • @jackelhog
    @jackelhog Před 11 dny +2

    A rooster zodiac business failing in a cat zodiac year? Typical.

  • @sangjeongkimcho293
    @sangjeongkimcho293 Před 11 dny +1

    NOPE: NOT TAKING DOWN AUTOBLAST EMAIL
    NEXT ONE GOES TO AFC INSTITUTE ETHICS VIOLATION EXPULSION
    7am MORNING

  • @HafeezBlackLeg
    @HafeezBlackLeg Před 9 dny

    A piano which is sold for 50,000-60,000 yuan is now been sell for 4,000-5,000 yuan lol... it's an inflated prices

  • @user-kd7fk9oj4c
    @user-kd7fk9oj4c Před 11 dny

    If the HEAD is rotten,the body will also be rotten. Snakes do not give birth to lambs. God is not mocked,you reap what you sow.You sow corruption you will reap
    corruption.Pause and think on it.

  • @rockhayes2641
    @rockhayes2641 Před 6 dny

    Protest there rights,they have no rights, they do as their told.

  • @ReelyBad
    @ReelyBad Před 10 dny

    Get ready for the digital currency.

  • @tapandrack
    @tapandrack Před 11 dny +1

    Every society is three meals away from chaos… Vladimir Lenin

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      In America, it's more like six to a dozen, because of the obesity epidemic.

  • @johntse8655
    @johntse8655 Před 9 dny

    wow, what a crap, I was just back from Quanzhou, meeting with many the middle-class businesses. most of them reporting roaring business, seeing is believing, their customers are buying like there is no tomorrow. even on a weekday, the shopping centers are full of people. I see a lot of mothers sitting outside dance studios waiting for their children practicing breakdance. shouldn't they be saving money on such useless activities? it is not even education tuition? I wonder are people on the internet that gullible? the best way to really know the truth, go and see and be shocked.

    • @ChuckFreeman0102
      @ChuckFreeman0102 Před 2 dny

      Lol so why does thousands of videos, and every other country, have economic suffering right now? You are being dishonest.

  • @johnwilliams-ni8cn
    @johnwilliams-ni8cn Před 11 dny

    How much land is there
    there is over 295 billion 1/8 acres of land on this world, In canada and united states there are 23 billion 1/8 acres of land, so all the 8 billion people in the world could all go to canada and united states, all get 1/8 acre of land totally free that another is not using, away from any resources people need to live, there would still be an extra 15 billion 1/8 acres of public land left over, there would not be a human body anywhere else in the world, non in africa, south america, europe, china, russia etc... yet we are being lied to there is NOT enough land? oil? gas? electricity? food? water? etc...
    1/8 acre of land is 5445 sq ft, an average 2 bedroom condo is less than a 1000 sq ft, that can be built on 1/8 acre of land, people build on swamps, mountains, snow etc... add a 2000 sq. ft. greenhouse for nutrition, grow plants for free! let food be your medicine. There is still 2445 sq. ft. Left over, chickens, goat etc...? they can build anything their hearts desire. If people want they can move together, 1/8 acre next to another one or far away. free thermal heat, self-sufficient hydro, people can help each other create anything for free again. humans never have to act as a slave to something else. It’s better to show someone how to help themselves, then forced to act as a slave to another. look at all the homeless people dying, murder? when woman have a home for the child, they can have for free, with electricity, water and nutrition. children in abusive family can go live on their own 1/8 acre of land with help from friends. all land and its resources is the gift that keeps on giving, to all children, that must always be free from debt illusion. its only on your own land you have liberty and justice, live by your own laws, not a slave to an others laws. all 1/8 acres of land can be tracked on the written world map also with computer.
    in a town there is a piece of land that for over 20 yrs has had a fence/border/debt illusion around it, destroying anything that could have creatively used it, so retarded.
    having what they need people naturally help each other! for free.
    buddha stated; think it you become it, bible states ask and ye shall receive, jesus said knock and the door will be opened. what are you thinking? asking for? what door are you knocking on? all are free to think, ask, knock on any door
    why do most people do what they do? politicians, artists, athletes, police, army, navy, air force, accountants, bankers, lawyers, drug dealers(legal and illegal) psychologists, criminals, doctors, strippers, secretaries, builders, thieves etc... for shelter and nutrition, especially for their child.
    man and woman in condo(apartment)jail or with nature?
    in a apartment/condo; mortgage, condo fees, condo rules, hydro bills, gas bills, water bills, air bills? food bills, fear from bills/debt, hatred etc… corporate jail privilege to live. communism.
    living with nature; land, fresh air, water, plants, fruit, vegetables, animals, shelter, sun light, water, hydro, fire, feelings, love etc… all free, the land of the free. right too live.

  • @dan020350
    @dan020350 Před 11 dny

    -.- “ Freedom from
    the Known “Krishnamurti

  • @jackkarpoe6228
    @jackkarpoe6228 Před 10 dny

    CCP: "We're communist, we value the working class and racial equality over megacorporations, trust me bro."
    Meanwhile their country: *LITERAL NIGHT CITY LEVELS OF DISPARITY*

  • @triple_lei
    @triple_lei Před 9 dny

    Ran away with the money lol? That's got to be illegal...

  • @deeprollingriver52
    @deeprollingriver52 Před 10 dny

    Everyone complains about not enough money.
    Listen. In case you missed it. Only the rich have enough money.

    • @Juan-os4hs
      @Juan-os4hs Před 10 dny

      Apparently you're not a tankie, because according to them, the rich can never have "enough" money.

  • @coolco1619
    @coolco1619 Před 6 dny

    No need to learn driving soon we have FSD cars which will drive you around more safer than your own driving. How cool is that.

  • @claucmgpcstuf5103
    @claucmgpcstuf5103 Před 7 dny +1

    see wat sep 11 daz .... adn scamre intha perket ..!! fin 2003 but eril wey wars wit a lot of det ... practlicli forece inseivmnet !!! .... veri sad ey ... but slti sao og then gto palnetri surerchi sam haow in a comunis scocalai sitem ey hmmm ?!?!? haw daz tha hapen !

  • @skaggaboom
    @skaggaboom Před 11 dny

    A terrible case of "Here today, gone tomorrow".

  • @PWingert1966
    @PWingert1966 Před 11 dny

    Have you check Shenzhen? everyone from Hong Kong is going there. You might consider that.

  • @vincentnnyc
    @vincentnnyc Před 11 dny +2

    Ask Winnie the Pooh if he needs a haircut?

  • @asopopilosopo4158
    @asopopilosopo4158 Před 10 dny

    There's no more money

  • @michaelfranklinwhibley2935

    That's the same thing happened to me I cut my own hair three times before lunch

  • @lightning123u
    @lightning123u Před 10 dny

    Way easier to control poor people