because her job is in government related institution, those kind of job is the best in China, no matter income, welfare, these kind of person actually are the higher class compare to the ppl who work in private sector.
Europeans and Americans call themselves refugees is an unaware cruelty, the privilege of not knowing, Chinese people so far can not properly use foreign apps, most people even do not use Google (laughs)
Economy is bad everywhere. The uniqueness of China is that for the last about 45 years, China's economy has always been fast growing, and most Chinese people probably did not experience a slowed-down economy.
That's not exactly true. They have already faced many economic crisis since 1949. A Chinese economist wrote a book about it aptly named 10 crises. During Deng's time there was one period where inflation hit 25%. Like the lady in the video says the economy got its ups and downs.
What I got out of this video: China pretty much has the same problems as every other country. Bad economy is a worldwide problem, not just in China. Chinese youth understands the general economy, what employers are looking for, and why some people finds it hard to find certain jobs. Chinese youth answers questions with logic, capable of critical thinking, direct and to the point. Chinese people freely express themselves for the most part.
Yeah, and at the same time, none of them blame the one person who is at fault for all of this, Xi Jinping. Unfortunately, the resentment will grow, and it is dangerous that it may result in serious upheavals.
Obviously COVID was a complicating factor but 2022 had a lot of the vibe of 2008-09 in the US except no one seemed to talk about it yet. Now it’s more openly discussed and further progressed so in some ways like 2013. As other commenters have hinted though young people have very little frame of reference. College students rarely have had jobs before graduation which also shifts perceptions I think.
It's not even close. The closest comparison would be US 2009 when the unemployment rate was going up. By 2013, the unemployment rate had been a steady decline.
What's funny is Americans are going onto Little Red Book app now and learnt that the purchasing power of 1 Yuan = 1 dollar in the USA. To call an ambulance in China only costs 30 Yuan for the elderly. A Chinese posted his monthly bills with an American and showed that he only needed to pay 70 USD per month to cover rent (apartment with 2 balconies and 2 rooms), utilities and internet etc etc. The internet speed is 1 GBPS. That American guy said that 70 USD is the costs of rent in LA for only A DAY 😅😅😅
In Australia, it costs 100 AUD per month to get 1 MBPS of slow turtle internet speed of mobile data IN THE CITY. I PAID FOR THAT BEFORE 😅😅 Somehow Western countries are better than China in quality of life? Costco buys cheap Chinese goods and sell them to Americans. 😢😢😂🎉🎉
In Guangzhou(1st tier Chinese City), the economic strength can be measured by the business of the restaurants and eateries. At the moment, there are mostly two groups of people going there, they are Pensioners and Delivery workers....
@@khosrowanushirwan7591 sadly no, delivery workers as in takeway delivery for the food lol. The gig economy of taxi drivers and delivery personnel has doubled in the last 3-4 years. Besides the issue of graduate unemployment, there is a widespread of middle age lay offs...
I have never heard anyone say that the economy is all well and good, and everyone is happy with no one left behind. At any point in time, great jobs are lost and subsequently created. It really depends on where your skillsets are and whether you remain nimble enough to foresee and pivot. A good example is the creation of AI-related roles, which is driving much of the growth now. If you're well versed in it, you will probably think the economy cannot be better than what it is now. The reverse applies.
"Less consumption" I think the world need to put a break of reckless consumption. We are over consuming everything that we really don't need. It might be bad for businesses and economy in the short run, but it could be could good in general in the long run. Overconsumption has many negative effects, including: Environmental damage: - Deforestation - Toxic pollution - Climate change - Species extinction - Air pollution - Loss of wildlife - Soil and water pollution - Biodiversity loss Health issues: Increased healthcare costs Mental health issues Weight gain and obesity Increased risk of cancer and other chronic health problems Social problems: Crime Domestic violence Social unrest Economic issues: Lost output due to withdrawal from work . Etc.
These economy matter not only appear in China, economical matters decline in all parts of the world, all nations are facing the same. Just the matter who is worst and who is bad. That's the only difference.
The current job market in China is simiar to when US in 2009. Jobs in most fields are very hard to find. Lots of wages are actually going lower year over year as too many new graduates willing to accept less.
I don't think this video touches the real problem of a slow economy. Just ask as few young Chinese about the economy of China is like to feel the person's body temperature by touching a strand of his hair! In Britain many high streets (the busiest street of a town or city) have half of the shops permanently close but the western media never report it. The shop closure started more than a decade ago and the magnitude is increasing. Even in London shopping malls one can see shops close down and the premises papered up to hide the vacancies.
Chinese economy is not as good as ten years ago, sure, but it's far better than what the media portrait it in West, that is without any doubt. European economy is in a far more dire situation, while American economy is in a artificially hyperinflated situation.
you do realize this is in a first tier city and perhaps the richest first tier city which had a large foreign population until they left. most of CCP china is impoverished the moment you leave the first tier cities
Nope, China's economy is far far worse than it's being portrayed in 'The West' (whatever you think that is?) and Europe is just fine, SE Asia is really growing and the USA is on an upward swing. None of these can be compared to Mainland China which is now in full severe, game-changing, economic collapse.
@@Cryosxify they may even realize that but they are being told (or are told to say to foreigners) that the dirty USA is far worse and Europe is far worse and actually the whole world is in economic downturn and that China is actually smiling as it gets through better than most anyone else, esp. the USA that is jealous of China.
The economy is always a combination of several factors: - personal situation - company situation - government policies - global trade situation. It is clear that the new US administration may ruin the latter, so trade with the US does not have a bright future. Depending on governments around the world the situation may offer alternatives. But local government may also be a problem. A good example is the EU who is doing everything to prevent business development in Europe. In China it seems that many companies who benefitted from world trade options in the past are now suffering because they have not prepared for alternatives in time.
Don’t worry. Layoff is a norm. If china has so many layoff workers, most other countries have also witnessed high percentage of unemployment too. Unless you are working for the government or self employed, most of us will be out of job tomorrow. Go to Indonesia, India and in Europe , chronic unemployment among the population is high. China has 1.4 billions people, there is no way everyone gets a job.
@@theasianjaywalker4455 dude, what exactly has China done to you, what if China won't collapse, are you going to live the rest of live with that pain ? can't believe you're everywhere in comments sections of China collapsing videos
@@scottxiong5844 Well I don't know that it's getting bad over there in the USA, it's pretty stable and on a bit of an upswing. We definitley know much of the world has a lot of confidence in the USA because they are upping their investments and increasing their capital in the uSA. So, I really don't know what to tell you, you're pretty much in the most stable, wealthiest and most durable economiies to ever exist in the history of the world.
Hey guys! Might have missed it but could you specify which city you're interviewing people at? Feel like that's important for a survey-like task you're doing
Your still living in the 90s? US is decoupling with china. Alot of sanction put into place last year and when trump is seated as president. Thats why china exonomy is a mess right now.
@@Cryosxify US companies made up very little of China manufacturing bases. Most of their bases are not from FDI but domestic. China also has huge export market all over Asia, Latin America, Africa, Europe, basically the world.
The gini coefficient in China is collapsing quickly So every point of gdp growth with benefit the 60 percentile and lower, while noy benefitting the the 1% nearly as much The opposite of the US and say, TW for example.
I hope China will continue to grow and lift even more people out of poverty and poor villages. Please focus on economy, continue your great march forward, and open up the economy so foreigners can bring money in !!! Create a real financial center like Hong Kong in Shanghai and Shenzhen, and man China is gonna steamroll the US
Unless there is a massive debt jubilee, I don't see how China's overcapacity led export economy is going to do well given a lot of global consumers are screwed.
If you run at 10% growth and suddenly slows down to 5% people are unsured and confused. But remember many developed countries runs at less than 1% growth. Please call it bad or worse. your choice of portraying china that bad
Yes its about saving money these days... even if I have more income, still I like to compare prices and like to buy discount things. Saving more money for the future. So when bad days come, my family can be prepared.
The entire global economy is bad due to inflation, but the living standards in China are still comparatively better than the West because they don't have to rely on foreign manufacturing. They are fully self-sustainable; all of their basic consumer goods can be produced domestically. The whole world is essentially dependent on Chinese imports. A downturn in consumer spending normally signals a recession, but there will always be sectors that are more or less immune. There will always be a consistent need for qualified tradespeople regardless of consumer sentiment. Same goes for the grocery sector or medicine. The college degree has become the new high school diploma now that so many people have them. This gives employers more leverage to demand higher and higher credentials while suppressing wages. A couple of generations ago, only the best and brightest attended college. Now, it's an expectation that everyone attends. It's lost a lot of its bargaining power. The thing with content creation is that only a small minority at the top actually make a decent living. The rest make virtually nothing. And if your goal is to become a streamer or an "influencer," saddling yourself with student debt doesn't seem like a wise investment unless you only plan on doing it as a side hustle. The paradox of many of the entry-level white-collar jobs is that employers expect candidates to have years of work experience, so the applicants who get hired are usually people who have already spent time in the workforce and are accepting a position of underemployment out of scarcity. Fresh graduates are essentially forced to intern for free to gain work experience or be relegated to jobs that don't require a degree. Brutal. The harsh reality is that most college graduates end up working in jobs that are unrelated to their field of study. Unless you're studying something pre-professional, such as engineering or nursing, you'll be forced to take whatever job you can find out of necessity. Speaking of practical skills, the Chinese education system could benefit from matching students with their strengths and interests rather than insisting that everyone enroll in higher education. Not everyone needs to graduate from a 4-year university to be able to make a decent living. But the Chinese emphasis on credentialism is a huge roadblock. We're told by our institutions that the definition of success is getting a high-paying job and having the means to buy a bunch of nice things, but that's not what gives people meaning and purpose in the long run. Your friends, family, and the relationships you develop are what comprise a fulfilling life, not living in a big mansion or driving a fancy car. Chasing materialism is a great way to make you unhappy because you'll never be satisfied.
I completely agree. Their products are very affordable and of decent quality. Even after purchasing online and paying for shipping and taxes to send them to my country, they are still cheaper compared to local options.
Was in China last 3 weeks, I think Materialistically Chinese are doing better than ever due to affordable prices and great selection of quality products and services. I felt that alot of modern measurement methodology does not reflect that or have the wrong weight to it.
Nope, much of the worlds economy is fine, 'The West' is far far better than Mainland China. But so is most of the rest of teh world as China is having a severe economic collapse that is uniquely China.
Your comment are contradictory at the very least. You claim China fares better off than "the West" because they have self-reliant manufacturing, while trumpeting the idea that consumerism and material (yes, it is manufacturing) greed make us unhappy. China manufactures far more than the world and China itslef can absorb, thus the vicious cycle of deflation in which price keeps trending down and business makes loss to cover their finished products. As a result, layoff follows and wage stagnates, which in its turn fuels the deflationary cycle. Look at Japan to see what havoc deflation wreaks on an economy over time.
Really? I've been travelling southern China for the past two months and all I've seen is a lot of young people on vacations and traveling. Everywhere I've been construction and infrastructure improvements are taking place. Night Markets are full of people spending money. The hospitality sector is seeing huge investments. I'm currently in Xishuangbanna and witnessing lots of Hotel renovations and new buildings and lots of young people vacationing in the warm weather. When has there ever been young people who can't find work or young people who are always able to find the job they want? Making mountains out of mole hills is a past time I guess.
Around 60% of those young people you saw are unemployed or some are 'under-employed' and they've given up much hope of finding jobs. Everywhere you go you're seeing leftover construction projects that started many years ago and were done to 'bloat the GDP' (actually this did work for a while!) and run massive real esate money games which have since collapsed. Now their finishing 'bridges to where' and 'hotels for nobody'. Yes indeed, northerners, mostly party members these days, they can get very cheap flights and hotels in Southern China this year. Most of those young people don't have jobs (hence you see so many). China is sometimes seen in '3s'. by the 3rd month you see past the tourist level. "OHHH.. oh wait THAT is why and what I'm looking at okay...". If you did stay 3 years a new layer reveals itself and 'OHHHH shhht... okay now I realize the bigger picture behind all this". but enjoy your time now. Actually i kind of envy that, I miss that, I wish I could go back to those first few months of traveling around!
@@theasianjaywalker4455 What a load of rubbish. Been to China twice last year and having talked to friends, business partners and relatives, the economy is not as bad as what the Western media and politicians made it out to be. Bad mouthing China to hook wink Western people to think that they are better off when in fact they are worse off.
Good economy doesnt really mean good paying job for everyone, india is having the highest growth today, but the unemployment is still huge and still working low paying jobs.
Streaming, social media, IT.... china used to be the factory of the world, but I don't hear any of these young people talk about creating something physical or tangible.
@@alexlee1501 Nope, the average American, who was already 10X wealthier than the average Chinese is currently doing just fine. They have relatively low unemployment, the whole stock market world is doing great, they have had a boost in capital investment lately (some coming from China to the USA actually) and overall the USA is doing as fine. It's better Chinese Mainlanders stop believing this desperate lie that actually the whole WORLD is in economic downturn and if anything Chinese are leading the way showing they are actually still becoming Gods and will shame the other jealous countries etc. The West and The USA are doing just fine, they are not in recession, they are not in ANYTHING close to the current economic collapse in China. Neither is Vietnam, SE Asian is doing better than ever before. China PRC is definitley not.
I think bad and good is quite misleading. If it is judged by how easy it is to get a job, then yes, the last decade has been fantastic. I have seen people change job every year because its so easy to find jobs. Is this normal? of course not. The last decade are economic boom let by real estate. In early stage of economic growth, real estate boom is useful because poor countries need infrastructure and rapid improvement in living condition when urbanizing. However, when the cities are already built, all the the excess supply and speculation is extremely unhealthy for the economy. China realize this partly thanks to the US sanctions. A fat property sector that provides many jobs is not going to help China in winning the tech war initiated by the US. It is at that point that the country must switch to survival/war time footing in securing its self reliance rather than continuing to expand the economy at all cost. The real estate has been sucking too many capitals and talent. They need to switch the capital flow towards high tech manufacturing and R&D. After the crackdown, there are many layoff at real estate related business as the weaker ones goes bust. The bust scares off investors and cause investment slump. People feel less secure for the economy and stop spending and buying. Consumer goods and restaurants starts to feel the pinch and went into price war. The looser goes bust and cause more layoff. Spending tightens even further. However, this isn't new to the Chinese economy. During economic reforms in the 90s there are also many layoffs of state owned enterprise employees. Later, these people were forced to reinvent themselves and became entrepreneur out of necessity. We are seeing similar things now. Many of the layed off people took temporary jobs and reinvent themselves to adapt to the new normal. Many became social media influencers selling their own product online. The capital that used to flow into real estate has no choice but to flow into the high tech manufacturing sector. We are seeing Chinese high tech product dominating the world now as the investment is beginning to bear fruit. I don't know about you, but the new economy based on high tech is much more sustainable than real estate bubble.
People must need understand that western ecomies has saturated way after they got developed, China ecomomy almost satured way before being a developed country. The reason is not world economy only, it is mainly their current goverment due lack of auditication mechanism caused by extreme autocracty
Since Asia's GDP surpassed North America, US has pushed across policies that will hurt asia's economy more. Mainly China but has alot of indirect effects on other states as well.
It's actually not that bad, more people are spending money. The job market is much more selective as industries are transforming from labour to automation.
Asian Boss is very selective in who they interview because if too many people say the same thing (economy is good and future is bright) then it wouldn't have quite the same viewership.
From what I gleam from the factory jobs going away way before Lunar New Year, many migrant workers depend on the menial labor jobs. Automation will hurt many workers.
@@theasianjaywalker4455 Nope. Real estate industry has stabilised, core industries are emerging particularly EVs, consumer tech and infrastructure development which will be around for a long time as long as there are developing countries worldwide. The service industry is also going to be huge for China as local brands are exported worldwide. Haidilao, Hey Tea etc. are just some of the franchises that are getting started.
@@Charvo75 Last year was rough because in my area, they finally fully closed the Foxxconn factory the final work day of the Lunar New Year. Now, it WAS expected to come inevitably but it was still a downer for the 1500 last remaining empoyees. Worse than that was the Tire Factory that had them move their 'zombie cars' saying it was a 'fire hazard' (a forest fire in the rain really did happen here and it really was parked cars), but i digress, the 3000 workers did not learn that the factory was closed, their jobs gone until AFTER they went home for the Spring Festival. So basically they were kind of 'tricked' into leaving and finding out smack in the middle of the festival. btw i know this because for the many suddenly homeless newly laid off people they made a deal to give them x-months rent in my community. years ago they also closed down all the after-school training centers over Spring Festival too. Hence, I think this is why it's now spoken about like a 'doom'. like some impending job loss coming everyone's way.
Hi curious question? Do a lot of people refer to age in reference to the chinese New Year or more of the traditional calendar New years i.e., the one who said she will be a certain age after the chinese new year?
Depends on the region. I think in rural areas more people use CNY age, and the count starts at 2 (when you are born you are counted as 2 years old since you are "starting your 2nd year" as you already spent 10 months in pregnancy). In Beijing/Shanghai people just use the traditional calendar age
China has huge unemployment among its young population which is normal due to the fact it has 1.4 billion population. If China makes 1/3 of all goods in the world with $1 trillions trade surplus a year and is still having a huge unemployment issue , just imagine its neighbors India with even more population and make essentially 1/10 of what China economy is making, what is the percentage of its population have no job. Unemployment is simple, too many working population expects more unemployment and few resources. That is why the world population is less the better !
unfortune happen everywhere not only just china, even western country have problem too as well cause of the trade-war tariff which make every-job become so sacred nowday. the pandemic bankrupt most the gov budget and business as well. then you have war ongoing that even cost even more money to global market to import goods. i think china will get back to normal once all settle with other country market.
Nope, most of the world is doing fine. The 'Western' are doing well and they don't have any problems because of Tariffs put on China or Russia. But China is having a very severe economic collapse.
At 2:03 you spoke to a man who was very optimistic. You then asked him a negative question including the phrase, "especially given the decline of the global economy", at which point he turned quite negative. In 2024 global GDP growth was estimated at 3.2% (OECD) compared to 3.1% in 2023 and is also projected to reach 3.3% in 2025. So you effectively told him a lie to get his reaction. Why? This channel is interesting in that you have access to people that most in the west don't get to hear from, but then you use this to promote a message instead of trying to educate. I wish you would reconsider what you're trying to accomplish.
Whenever they make videos in China they always get positive opinions that contrast whatever the title question is. For example if tltled: “How bad are the covid lockdowns in china?” They’ll only get people downplaying it and saying its so great while pointing at “the west” for small things
Good luck to everyone all over the world. I have a feeling that we will need it for the next few years. And it's not just because of particular leaders being elected in particular places. Maybe I'm overestimating it, but I didn't see a single one of them mentioned the threat of depopulation on societies around the world. Seems like that would be a problem.
The whole world economy is gloomy and most people are not looking to switch jobs due to uncertain US foreign policies. And also whether US will attack Iran and cause the whole world economies to crash
China's GDP growth rate was 5.2% in 2023, and the government has set an ambitious target of 5% growth for 2024. While this is a slowdown compared to previous years, it still represents significant growth. Domestic demand remains soft, and there are concerns about weak business confidence and tepid productivity growth. This unbalanced growth, with supply outstripping demand, is a challenge. The Chinese government is focusing on boosting growth through innovation, education, digital infrastructure, advanced manufacturing, and emerging technologies. They are also investing in green technologies like electric vehicles and clean energy. China's share of global manufacturing output is about 30%, and its policies and subsidies in sectors like electric vehicles, semiconductors, and solar energy are influencing global markets. Experts believe that new avenues of growth, such as artificial intelligence, digital financial services, and green technologies, will be critical for sustaining China's economic development.
Nobody believes China is experiencing 5% GDP growth and especially not Mainland Chinese. Even worse, such 'growth' is still on unfinished 'fuer dai dream projects' like 1997 Japanese bullet trains that are sucking up 5% of the nations economy and will cost a billion bowls of rice to keep maintained. We are not looking at some 'challenges' but full-scale economic collapse has already begun and there is no way to stop it. People in China's mainland (PRC) now need to start thinking of ways to protect their safety and be careful about their social status, party membership and where they might be when it gets much worse.
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watching this and seeing the rich chinese students in america, im amazed at how detached from reality these intl students are. They skip school to go on trips and eat out like every day. They're in one country one week and in another the next... during a school week!!!!
Hello, could you make an interview to the Chinese people if they would support the war against Taiwan because it’s one of the wish of Xi Jinping and he seems push to recuperate Taiwan this year I would be interested to know the opinion of the Chinese people. Thanks you and great video
How Bad Is China’s Economy Right Now? | I Spent a Day in LA's Most Dangerous Hood | | Zombie-like woman found convulsing near abandoned house | | Open Air Market 💉| San Francisco, California [4K] | - youtube
Mandarin is an interesting language. There's not A lot of use of tongue on the roof of your mouth sounds. Which i guess why learning English is would feel weird at first.
Comments seem to have the common illusion that economy is bad everywhere. This is not true. See the economic trend of the US. I am not from the US, but the continued growth and emerging innovations in various high-tech sectors in the biggest economy do give the world some hope to recover from stagnation and recession. Edit: Economy in India and southeast Asia is also growing steadily. Central Eastern European countries like Poland are also rising and becoming a new regional economic engine.
The people u interviewed are middle-class or even richer and they r from the most developed cities. How many Chinese people can afford to travel abroad every year and they have SOME HOUSE to rent. God Damn Ridiculous!
You are the one who is ridiculous. Can't you check the data? In 2024, the number of Chinese outbound travelers was 291 million. The home ownership rate of urban households in China was 96.0%. The proportion of households with one house was 58.4%, the proportion of households with two houses was 31.0%, and the proportion of households with three or more houses was 10.5%.
@@animalworldtv9220 R u Chinese? I can't imagine such a thing can be taken by a Chinese person. Do u know how many families spend all their money and take a heavy debt that is why Chinese spending is always weak. Householding count can't say anything. u can also check how low the housing rental-to-sale ratio in China is.
47 year old woman is gorgeous, thought she was 25-28.
Bless her heart and wish her the best
because her job is in government related institution, those kind of job is the best in China, no matter income, welfare, these kind of person actually are the higher class compare to the ppl who work in private sector.
@@smithjerry470 yup, no stress, guaranteed income, have fun all day hosting meetings and shaking hands.
Exactly she looks mid 20s, damn
I am surprised when she said 47
@@smithjerry470 Probably due to no stress and high income 😶
Very reasonable. I wish them all luck in this economy.
They will be fine if they get ride of the communist party
This street interview is so real… All person being interviewed are very honest and insightful. Great job Asian Boss
im curious how chinese people feel about so many tiktok refugees coming to rednote lollll
its' cool，Long live the great unity of the people of the world!
Everyone is afraid of being brainwashed by the mainstream media. This time, let the people from both sides communicate with each other.
Welcome
@@Jack2024one 世界人民大团结万岁
Europeans and Americans call themselves refugees is an unaware cruelty, the privilege of not knowing, Chinese people so far can not properly use foreign apps, most people even do not use Google (laughs)
For all who read this
Hope you all have prosper career and fulfilling live !
hope gets you nowhere
Right back at ya.
@@mrbaaman nope, hope motivates ppl.
Is it just me, internet became much friendlier this week, thank you ❤
Thanks, im having my first job next week. Wish anyone best of luck finding a good job!
Economy is bad everywhere. The uniqueness of China is that for the last about 45 years, China's economy has always been fast growing, and most Chinese people probably did not experience a slowed-down economy.
That's not exactly true. They have already faced many economic crisis since 1949. A Chinese economist wrote a book about it aptly named 10 crises. During Deng's time there was one period where inflation hit 25%. Like the lady in the video says the economy got its ups and downs.
I don't want to be that guy but OP literally writes "... for the last about 45 years, ..."
If I do math, it is started around 1980.
There was also close to 3 years of zero covid-19 policy that hurt the economy.
@@Dominus_Potatus They had more than one economic crisis after 1980.
Crazy global debt levels don't benefit China now. Way worse now than when China first started its export boom.
0:21 WHAT?!?! SHES ALMOST 50?!?!?!?!
The power of good skin, hair, and youthful fashion makes her look many years younger.
Yes that's a typical 40yo Chinese lady
Asian genes
She looks younger than many Americans in their 20s 😂
Look at the mother of Elon Musk, she looks young living in China.
What I got out of this video:
China pretty much has the same problems as every other country. Bad economy is a worldwide problem, not just in China.
Chinese youth understands the general economy, what employers are looking for, and why some people finds it hard to find certain jobs.
Chinese youth answers questions with logic, capable of critical thinking, direct and to the point.
Chinese people freely express themselves for the most part.
uh oh
careful wumao
@@ovum 自由大儒辩经
Talk abt being a Chinese bot 😂😂
@@ovum lmao calm down cia shill
Yeah, and at the same time, none of them blame the one person who is at fault for all of this, Xi Jinping. Unfortunately, the resentment will grow, and it is dangerous that it may result in serious upheavals.
The things these people are saying remind me of the US economy when I was graduating college in 2013. There were so many parallels.
How about now?? Getting better???
Obviously COVID was a complicating factor but 2022 had a lot of the vibe of 2008-09 in the US except no one seemed to talk about it yet. Now it’s more openly discussed and further progressed so in some ways like 2013. As other commenters have hinted though young people have very little frame of reference. College students rarely have had jobs before graduation which also shifts perceptions I think.
It's not even close. The closest comparison would be US 2009 when the unemployment rate was going up. By 2013, the unemployment rate had been a steady decline.
What's funny is Americans are going onto Little Red Book app now and learnt that the purchasing power of 1 Yuan = 1 dollar in the USA.
To call an ambulance in China only costs 30 Yuan for the elderly. A Chinese posted his monthly bills with an American and showed that he only needed to pay 70 USD per month to cover rent (apartment with 2 balconies and 2 rooms), utilities and internet etc etc. The internet speed is 1 GBPS. That American guy said that 70 USD is the costs of rent in LA for only A DAY 😅😅😅
In Australia, it costs 100 AUD per month to get 1 MBPS of slow turtle internet speed of mobile data IN THE CITY. I PAID FOR THAT BEFORE 😅😅
Somehow Western countries are better than China in quality of life? Costco buys cheap Chinese goods and sell them to Americans. 😢😢😂🎉🎉
In Guangzhou(1st tier Chinese City), the economic strength can be measured by the business of the restaurants and eateries. At the moment, there are mostly two groups of people going there, they are Pensioners and Delivery workers....
Delivery workers so people have extra cash to pay them?
@@khosrowanushirwan7591 sadly no, delivery workers as in takeway delivery for the food lol. The gig economy of taxi drivers and delivery personnel has doubled in the last 3-4 years. Besides the issue of graduate unemployment, there is a widespread of middle age lay offs...
I have never heard anyone say that the economy is all well and good, and everyone is happy with no one left behind. At any point in time, great jobs are lost and subsequently created. It really depends on where your skillsets are and whether you remain nimble enough to foresee and pivot. A good example is the creation of AI-related roles, which is driving much of the growth now. If you're well versed in it, you will probably think the economy cannot be better than what it is now. The reverse applies.
The economy has been clapsing since humans invented money.
Has there ever been a time or place where people felt good about the economy? Feels like people always say economy is going down
America in the 80s
China 5 years ago
China 1980-2019
the world right b4 the great depression
Agree China 5 years ago really really easy to make money before the COVID in China. Gold time
Wishing you all the best from America, may you be filled with joy and achieve great success.
Previously well off girl (parents have a business) with the styled haircut is being the most accurate.
"Less consumption" I think the world need to put a break of reckless consumption. We are over consuming everything that we really don't need. It might be bad for businesses and economy in the short run, but it could be could good in general in the long run.
Overconsumption has many negative effects, including:
Environmental damage:
- Deforestation
- Toxic pollution
- Climate change
- Species extinction
- Air pollution
- Loss of wildlife
- Soil and water pollution
- Biodiversity loss
Health issues:
Increased healthcare costs
Mental health issues
Weight gain and obesity
Increased risk of cancer and other chronic health problems
Social problems:
Crime
Domestic violence
Social unrest
Economic issues:
Lost output due to withdrawal from work . Etc.
These economy matter not only appear in China, economical matters decline in all parts of the world, all nations are facing the same. Just the matter who is worst and who is bad. That's the only difference.
That's not true. The whole world is not facing this same issue.
2:05 Super optimistic guy can hardly crack a smile
这应该是中国的生存哲学，越困难的时候你月要保持乐观，但是如果越安逸你就要越保持警惕
Some people don't smile a lot, regardless of what they are feeling.
Welcome to the real world
He could be optimistic cause he's hit rock bottom right now
The third woman doesn't look like 47 years old at all
Thanks for this video. I watched so many videos of places in china but this one differs in that people are asked about the economy.
The current job market in China is simiar to when US in 2009. Jobs in most fields are very hard to find. Lots of wages are actually going lower year over year as too many new graduates willing to accept less.
I don't think this video touches the real problem of a slow economy. Just ask as few young Chinese about the economy of China is like to feel the person's body temperature by touching a strand of his hair!
In Britain many high streets (the busiest street of a town or city) have half of the shops permanently close but the western media never report it. The shop closure started more than a decade ago and the magnitude is increasing. Even in London shopping malls one can see shops close down and the premises papered up to hide the vacancies.
我2009年大学毕业的时候也是经济危机，那时候也都说工作找不到，我觉得不管哪一年你只要去采访年轻人，100%都会说不好找工作，高薪工作要求工作经验这难道很奇怪吗？刚毕业的学生谁不是从基本薪酬开始干起来的？不要太矫情
Chinese economy is not as good as ten years ago, sure, but it's far better than what the media portrait it in West, that is without any doubt. European economy is in a far more dire situation, while American economy is in a artificially hyperinflated situation.
you do realize this is in a first tier city and perhaps the richest first tier city which had a large foreign population until they left. most of CCP china is impoverished the moment you leave the first tier cities
@@Cryosxify It means you haven't been to China before you say that，you can try using Google Search and Google Earth to "travel'.
Nope, China's economy is far far worse than it's being portrayed in 'The West' (whatever you think that is?) and Europe is just fine, SE Asia is really growing and the USA is on an upward swing.
None of these can be compared to Mainland China which is now in full severe, game-changing, economic collapse.
@@Cryosxify they may even realize that but they are being told (or are told to say to foreigners) that the dirty USA is far worse and Europe is far worse and actually the whole world is in economic downturn and that China is actually smiling as it gets through better than most anyone else, esp. the USA that is jealous of China.
@@theasianjaywalker4455 you mean countries stuggle to get 0% GDP growth are fine, and the one who has 5% GDP growth is far far far worse? right.
The economy is always a combination of several factors:
- personal situation
- company situation
- government policies
- global trade situation.
It is clear that the new US administration may ruin the latter, so trade with the US does not have a bright future. Depending on governments around the world the situation may offer alternatives. But local government may also be a problem. A good example is the EU who is doing everything to prevent business development in Europe.
In China it seems that many companies who benefitted from world trade options in the past are now suffering because they have not prepared for alternatives in time.
并非如此，川普第一个任期的贸易战开始，中国就在主动寻求其他贸易对象，现在中国的主要贸易伙伴主要是亚非拉新兴市场，对美贸易占比只剩下10%左右。川普加关税只会抬高自己国家的通胀，对中国的伤害相对来说并不大。最后，看你的头像，你是一个极端的反华主义者，你就沉浸在自己的妄想中吧
Don’t worry. Layoff is a norm. If china has so many layoff workers, most other countries have also witnessed high percentage of unemployment too. Unless you are working for the government or self employed, most of us will be out of job tomorrow. Go to Indonesia, India and in Europe , chronic unemployment among the population is high. China has 1.4 billions people, there is no way everyone gets a job.
What an idiotic comment.
Same over here in the US. I don't have much confidence either :(.
Wish u all the best ❤
Nope, it is not the same. Not even near the same, not even close.
@@theasianjaywalker4455 dude, what exactly has China done to you, what if China won't collapse, are you going to live the rest of live with that pain ? can't believe you're everywhere in comments sections of China collapsing videos
@@theasianjaywalker4455 ty for the insight. I should have said it appears it is getting bad over here as well and that I don't have much confidence.
@@scottxiong5844 Well I don't know that it's getting bad over there in the USA, it's pretty stable and on a bit of an upswing.
We definitley know much of the world has a lot of confidence in the USA because they are upping their investments and increasing their capital in the uSA.
So, I really don't know what to tell you, you're pretty much in the most stable, wealthiest and most durable economiies to ever exist in the history of the world.
Hey guys! Might have missed it but could you specify which city you're interviewing people at? Feel like that's important for a survey-like task you're doing
Literally said Shanghai right at the start of the video.
Shanghai, a big city, is fiercely competitive!
It’s Shanghai, right in front of Starbucks Reserve on West Nanjing road, next to my home.
@@JoelAlva1000my old condo in in one of the high concrete far in the background
China is the manufacturing hub of the world, most countries owe China rather than otherwise, so it has nothing to worry about.
where have you been since COVID? the US is moving it to Southeast Asia/India, and Mexico
You can be the king one day, but not the next. China thought it will hold the reign of 👑 of manufacturing forever.
Your still living in the 90s? US is decoupling with china. Alot of sanction put into place last year and when trump is seated as president. Thats why china exonomy is a mess right now.
@@zill8021 nope. It's You who thinks that China thought this way
@@Cryosxify US companies made up very little of China manufacturing bases. Most of their bases are not from FDI but domestic. China also has huge export market all over Asia, Latin America, Africa, Europe, basically the world.
The gini coefficient in China is collapsing quickly
So every point of gdp growth with benefit the 60 percentile and lower, while noy benefitting the the 1% nearly as much
The opposite of the US and say, TW for example.
I hope China will continue to grow and lift even more people out of poverty and poor villages. Please focus on economy, continue your great march forward, and open up the economy so foreigners can bring money in !!! Create a real financial center like Hong Kong in Shanghai and Shenzhen, and man China is gonna steamroll the US
US's declining in any scenario
i truly relate to the 47 year old woman. Just need to be grateful with what you have now.
Unless there is a massive debt jubilee, I don't see how China's overcapacity led export economy is going to do well given a lot of global consumers are screwed.
If you run at 10% growth and suddenly slows down to 5% people are unsured and confused. But remember many developed countries runs at less than 1% growth. Please call it bad or worse. your choice of portraying china that bad
China already done with its peak its about survival from here to next 100years.
Just apply for the H-B1 visa here in the USA. Can always go back to your home country and finish re-building it later. Or not.
If you listen closely to these people, you will know China's economy is far from bad
Yes its about saving money these days... even if I have more income, still I like to compare prices and like to buy discount things. Saving more money for the future. So when bad days come, my family can be prepared.
As a young person in China, I feel sad that these people have such a shallow understanding of what’s happening with the economy
How about you? What do you think?
The entire global economy is bad due to inflation, but the living standards in China are still comparatively better than the West because they don't have to rely on foreign manufacturing. They are fully self-sustainable; all of their basic consumer goods can be produced domestically. The whole world is essentially dependent on Chinese imports.
A downturn in consumer spending normally signals a recession, but there will always be sectors that are more or less immune. There will always be a consistent need for qualified tradespeople regardless of consumer sentiment. Same goes for the grocery sector or medicine.
The college degree has become the new high school diploma now that so many people have them. This gives employers more leverage to demand higher and higher credentials while suppressing wages. A couple of generations ago, only the best and brightest attended college. Now, it's an expectation that everyone attends. It's lost a lot of its bargaining power.
The thing with content creation is that only a small minority at the top actually make a decent living. The rest make virtually nothing. And if your goal is to become a streamer or an "influencer," saddling yourself with student debt doesn't seem like a wise investment unless you only plan on doing it as a side hustle.
The paradox of many of the entry-level white-collar jobs is that employers expect candidates to have years of work experience, so the applicants who get hired are usually people who have already spent time in the workforce and are accepting a position of underemployment out of scarcity. Fresh graduates are essentially forced to intern for free to gain work experience or be relegated to jobs that don't require a degree. Brutal.
The harsh reality is that most college graduates end up working in jobs that are unrelated to their field of study. Unless you're studying something pre-professional, such as engineering or nursing, you'll be forced to take whatever job you can find out of necessity.
Speaking of practical skills, the Chinese education system could benefit from matching students with their strengths and interests rather than insisting that everyone enroll in higher education. Not everyone needs to graduate from a 4-year university to be able to make a decent living. But the Chinese emphasis on credentialism is a huge roadblock.
We're told by our institutions that the definition of success is getting a high-paying job and having the means to buy a bunch of nice things, but that's not what gives people meaning and purpose in the long run. Your friends, family, and the relationships you develop are what comprise a fulfilling life, not living in a big mansion or driving a fancy car. Chasing materialism is a great way to make you unhappy because you'll never be satisfied.
I completely agree. Their products are very affordable and of decent quality. Even after purchasing online and paying for shipping and taxes to send them to my country, they are still cheaper compared to local options.
Eggs are expensive in California. 😂
Was in China last 3 weeks, I think Materialistically Chinese are doing better than ever due to affordable prices and great selection of quality products and services. I felt that alot of modern measurement methodology does not reflect that or have the wrong weight to it.
Nope, much of the worlds economy is fine, 'The West' is far far better than Mainland China. But so is most of the rest of teh world as China is having a severe economic collapse that is uniquely China.
Your comment are contradictory at the very least. You claim China fares better off than "the West" because they have self-reliant manufacturing, while trumpeting the idea that consumerism and material (yes, it is manufacturing) greed make us unhappy. China manufactures far more than the world and China itslef can absorb, thus the vicious cycle of deflation in which price keeps trending down and business makes loss to cover their finished products. As a result, layoff follows and wage stagnates, which in its turn fuels the deflationary cycle. Look at Japan to see what havoc deflation wreaks on an economy over time.
Really? I've been travelling southern China for the past two months and all I've seen is a lot of young people on vacations and traveling. Everywhere I've been construction and infrastructure improvements are taking place. Night Markets are full of people spending money. The hospitality sector is seeing huge investments. I'm currently in Xishuangbanna and witnessing lots of Hotel renovations and new buildings and lots of young people vacationing in the warm weather. When has there ever been young people who can't find work or young people who are always able to find the job they want? Making mountains out of mole hills is a past time I guess.
Around 60% of those young people you saw are unemployed or some are 'under-employed' and they've given up much hope of finding jobs. Everywhere you go you're seeing leftover construction projects that started many years ago and were done to 'bloat the GDP' (actually this did work for a while!) and run massive real esate money games which have since collapsed. Now their finishing 'bridges to where' and 'hotels for nobody'.
Yes indeed, northerners, mostly party members these days, they can get very cheap flights and hotels in Southern China this year. Most of those young people don't have jobs (hence you see so many).
China is sometimes seen in '3s'. by the 3rd month you see past the tourist level. "OHHH.. oh wait THAT is why and what I'm looking at okay...".
If you did stay 3 years a new layer reveals itself and 'OHHHH shhht... okay now I realize the bigger picture behind all this".
but enjoy your time now.
Actually i kind of envy that, I miss that, I wish I could go back to those first few months of traveling around!
lol, housing prices have dropped by -25% to -50% in value. 70% of the Chinese public's wealth is tied to real estate.
@@theasianjaywalker4455 What a load of rubbish. Been to China twice last year and having talked to friends, business partners and relatives, the economy is not as bad as what the Western media and politicians made it out to be. Bad mouthing China to hook wink Western people to think that they are better off when in fact they are worse off.
2025 The year of the Tariff unfortunately..
your US people pay the tariff, we chinese don not care, good luck boy
I just watched a few seconds... How is it that no one ages? 47? Wow. Anyway, now I'm going to keep watching.
Good economy doesnt really mean good paying job for everyone, india is having the highest growth today, but the unemployment is still huge and still working low paying jobs.
Criticizing the economy, the CCP is not gonna like that!
i think now they gonna like it because it is them who create all of what is happening now in china..
Sounds like it's a confidence problem. People are not poor but they are saving money rather than consuming. That's a self-fulfilling negative prophecy
This is pretty much Chinese financial culture....though there are many gamblers mixed in...
people are definitely poor when they're home/apartment loses half its value or they're laid off with family to take care of
多少年都说不好了，中国国内媒体也说不好，但问题是全世界都不好，看看世界上哪个国家能在后疫情时代保持5%以上的年增长率
Streaming, social media, IT.... china used to be the factory of the world, but I don't hear any of these young people talk about creating something physical or tangible.
It's Shanghai, though. I heard it's the most snobbish city in China, lol. I just traveled there last month, and it's a totally clean and modern city.
And with the shift to SE Asia, there's a chance they might get their own version of the Rust Belt
上海是中国最重要的重工业城市和高端制造业城市，有一个穿橘色外套的小伙子就是在电动车行业
Shanghai is one of those places that does not produce anything physical
How Bad Is US’s Economy Right Now?
there's an egg shortage lol
It's not bad at all and overall quite good.
@@theasianjaywalker4455of cause because you got rich family backup you
@@alexlee1501 Nope, the average American, who was already 10X wealthier than the average Chinese is currently doing just fine. They have relatively low unemployment, the whole stock market world is doing great, they have had a boost in capital investment lately (some coming from China to the USA actually) and overall the USA is doing as fine.
It's better Chinese Mainlanders stop believing this desperate lie that actually the whole WORLD is in economic downturn and if anything Chinese are leading the way showing they are actually still becoming Gods and will shame the other jealous countries etc.
The West and The USA are doing just fine, they are not in recession, they are not in ANYTHING close to the current economic collapse in China.
Neither is Vietnam, SE Asian is doing better than ever before. China PRC is definitley not.
@@alexlee1501 that madafuka is a China hater, creating all lies to make everything related to China sound bad
TH-cam needs a button that uses a.i to scan the subtitles and generate a voice over!
I think bad and good is quite misleading. If it is judged by how easy it is to get a job, then yes, the last decade has been fantastic. I have seen people change job every year because its so easy to find jobs. Is this normal? of course not. The last decade are economic boom let by real estate. In early stage of economic growth, real estate boom is useful because poor countries need infrastructure and rapid improvement in living condition when urbanizing. However, when the cities are already built, all the the excess supply and speculation is extremely unhealthy for the economy. China realize this partly thanks to the US sanctions. A fat property sector that provides many jobs is not going to help China in winning the tech war initiated by the US. It is at that point that the country must switch to survival/war time footing in securing its self reliance rather than continuing to expand the economy at all cost. The real estate has been sucking too many capitals and talent. They need to switch the capital flow towards high tech manufacturing and R&D.
After the crackdown, there are many layoff at real estate related business as the weaker ones goes bust. The bust scares off investors and cause investment slump. People feel less secure for the economy and stop spending and buying. Consumer goods and restaurants starts to feel the pinch and went into price war. The looser goes bust and cause more layoff. Spending tightens even further. However, this isn't new to the Chinese economy. During economic reforms in the 90s there are also many layoffs of state owned enterprise employees. Later, these people were forced to reinvent themselves and became entrepreneur out of necessity. We are seeing similar things now. Many of the layed off people took temporary jobs and reinvent themselves to adapt to the new normal. Many became social media influencers selling their own product online. The capital that used to flow into real estate has no choice but to flow into the high tech manufacturing sector. We are seeing Chinese high tech product dominating the world now as the investment is beginning to bear fruit. I don't know about you, but the new economy based on high tech is much more sustainable than real estate bubble.
People must need understand that western ecomies has saturated way after they got developed, China ecomomy almost satured way before being a developed country. The reason is not world economy only, it is mainly their current goverment due lack of auditication mechanism caused by extreme autocracty
😂若智
Since Asia's GDP surpassed North America, US has pushed across policies that will hurt asia's economy more. Mainly China but has alot of indirect effects on other states as well.
It's actually not that bad, more people are spending money. The job market is much more selective as industries are transforming from labour to automation.
Asian Boss is very selective in who they interview because if too many people say the same thing (economy is good and future is bright) then it wouldn't have quite the same viewership.
Its much much worse than this video would have you believe. much worse.
From what I gleam from the factory jobs going away way before Lunar New Year, many migrant workers depend on the menial labor jobs. Automation will hurt many workers.
@@theasianjaywalker4455 Nope. Real estate industry has stabilised, core industries are emerging particularly EVs, consumer tech and infrastructure development which will be around for a long time as long as there are developing countries worldwide. The service industry is also going to be huge for China as local brands are exported worldwide. Haidilao, Hey Tea etc. are just some of the franchises that are getting started.
@@Charvo75 Last year was rough because in my area, they finally fully closed the Foxxconn factory the final work day of the Lunar New Year. Now, it WAS expected to come inevitably but it was still a downer for the 1500 last remaining empoyees.
Worse than that was the Tire Factory that had them move their 'zombie cars' saying it was a 'fire hazard' (a forest fire in the rain really did happen here and it really was parked cars),
but i digress,
the 3000 workers did not learn that the factory was closed, their jobs gone until AFTER they went home for the Spring Festival. So basically they were kind of 'tricked' into leaving and finding out smack in the middle of the festival.
btw i know this because for the many suddenly homeless newly laid off people they made a deal to give them x-months rent in my community.
years ago they also closed down all the after-school training centers over Spring Festival too.
Hence, I think this is why it's now spoken about like a 'doom'. like some impending job loss coming everyone's way.
I thought it was wang ok for a sec
Color contacts seems to be a thing over there.
Hi curious question? Do a lot of people refer to age in reference to the chinese New Year or more of the traditional calendar New years i.e., the one who said she will be a certain age after the chinese new year?
Depends on the region. I think in rural areas more people use CNY age, and the count starts at 2 (when you are born you are counted as 2 years old since you are "starting your 2nd year" as you already spent 10 months in pregnancy). In Beijing/Shanghai people just use the traditional calendar age
its many rules,not only one
China has huge unemployment among its young population which is normal due to the fact it has 1.4 billion population. If China makes 1/3 of all goods in the world with $1 trillions trade surplus a year and is still having a huge unemployment issue , just imagine its neighbors India with even more population and make essentially 1/10 of what China economy is making, what is the percentage of its population have no job. Unemployment is simple, too many working population expects more unemployment and few resources. That is why the world population is less the better !
unfortune happen everywhere not only just china, even western country have problem too as well cause of the trade-war tariff which make every-job become so sacred nowday. the pandemic bankrupt most the gov budget and business as well. then you have war ongoing that even cost even more money to global market to import goods. i think china will get back to normal once all settle with other country market.
Nope, most of the world is doing fine. The 'Western' are doing well and they don't have any problems because of Tariffs put on China or Russia.
But China is having a very severe economic collapse.
@@theasianjaywalker4455 Germany and Britain looks worse than china actually
At 2:03 you spoke to a man who was very optimistic. You then asked him a negative question including the phrase, "especially given the decline of the global economy", at which point he turned quite negative. In 2024 global GDP growth was estimated at 3.2% (OECD) compared to 3.1% in 2023 and is also projected to reach 3.3% in 2025. So you effectively told him a lie to get his reaction. Why?
This channel is interesting in that you have access to people that most in the west don't get to hear from, but then you use this to promote a message instead of trying to educate. I wish you would reconsider what you're trying to accomplish.
Don't look like they're collapsing.
describe what you'd need to see so that you think it 'looks like its collapsing'?
@theasianjaywalker4455 Oh that's an easy one, BBC news.
Whenever they make videos in China they always get positive opinions that contrast whatever the title question is. For example if tltled: “How bad are the covid lockdowns in china?” They’ll only get people downplaying it and saying its so great while pointing at “the west” for small things
At least China has deflation instead of inflation. They can buy more with the same amount of money compared to before.
Lol 😂there reactions are so funny. I can really see they are the same regardless of country
Good luck to everyone all over the world. I have a feeling that we will need it for the next few years. And it's not just because of particular leaders being elected in particular places. Maybe I'm overestimating it, but I didn't see a single one of them mentioned the threat of depopulation on societies around the world. Seems like that would be a problem.
美国一样很难找，现在中国是通缩，美国是通胀
US's economy isn't good either, hard to find a job. US has high inflation while China is having deflation.
China economy gonna collapse elon musk doesn't know it but only you know the truth 😂😂😂
The whole world economy is gloomy and most people are not looking to switch jobs due to uncertain US foreign policies. And also whether US will attack Iran and cause the whole world economies to crash
I like that civil servant.
You want AI, well you have it.
Wow, 9.9 out of 10 optimistic! That guy is delusional
不，那是一位前瞻者。
China's GDP growth rate was 5.2% in 2023, and the government has set an ambitious target of 5% growth for 2024. While this is a slowdown compared to previous years, it still represents significant growth. Domestic demand remains soft, and there are concerns about weak business confidence and tepid productivity growth. This unbalanced growth, with supply outstripping demand, is a challenge. The Chinese government is focusing on boosting growth through innovation, education, digital infrastructure, advanced manufacturing, and emerging technologies. They are also investing in green technologies like electric vehicles and clean energy.
China's share of global manufacturing output is about 30%, and its policies and subsidies in sectors like electric vehicles, semiconductors, and solar energy are influencing global markets. Experts believe that new avenues of growth, such as artificial intelligence, digital financial services, and green technologies, will be critical for sustaining China's economic development.
we all know the CCP reports false numbers
Nobody believes China is experiencing 5% GDP growth and especially not Mainland Chinese.
Even worse, such 'growth' is still on unfinished 'fuer dai dream projects' like 1997 Japanese bullet trains that are sucking up 5% of the nations economy and will cost a billion bowls of rice to keep maintained.
We are not looking at some 'challenges' but full-scale economic collapse has already begun and there is no way to stop it. People in China's mainland (PRC) now need to start thinking of ways to protect their safety and be careful about their social status, party membership and where they might be when it gets much worse.
The first girl is pretty.
Viewers are supposed to listen to what these people have to say, not praise those with a pretty face.
肤浅的人啊
@@jankxyard What's your problem? Cause you're not pretty 😂😂
So fake looking
Investments are the roots of financial security; the deeper they grow, the stronger your future will be. By investing you have plan for a good retirement. With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future
Please educate me. I am so much interested in investing but i don't want to make mistakes and loose my money. Can you pls connect me with your Adviser?
My financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters
Thanks for sharing. I curiously searched the web with his full name and his website popped up immediately. I looked through his credentials very impressive and i will send him an email right now
well, it all depends on WHO you are , in china...! XXX - ACTLY .!! LOL ..but also TRUE 😂😂😂🚩🇨🇳🇨🇳🇨🇳🇨🇳
Obviously, they dont have access to a lot of economic information
watching this and seeing the rich chinese students in america, im amazed at how detached from reality these intl students are. They skip school to go on trips and eat out like every day. They're in one country one week and in another the next... during a school week!!!!
because they're the kids of CCP officials, they don't have to work they just need to be ready to help the family move it's wealth if things go bad
@@Cryosxify u do know there are tons of ccp members right? Even regular ppl who are not rich.
I thought ferst on is a robot😅
0:38 If you are watching this, just put your id under this. I bet you would be a star. Easy money/fame . No?
0:30 i fell in love ❤❤😮😮
very much the same story in the West.
Hello, could you make an interview to the Chinese people if they would support the war against Taiwan because it’s one of the wish of Xi Jinping and he seems push to recuperate Taiwan this year I would be interested to know the opinion of the Chinese people. Thanks you and great video
我是🇨🇳人，我支持
台湾是个贫苦之岛，这样下去没多久他们会求统一，历史已经证明，谁强台湾就是谁的。所以根本就没必要打台湾
你从哪得到的消息？我没看到任何媒体说在准备攻打台湾
I can tell you that this is the wish of more than a billion people in China.
Conservatives think he is too conservative. As early as 20 years ago, the radicals directly accelerated to "keep the island but not the people"
3:17 she was careful when she said that.
😁😁😁 It's automation and competitive capitalism ✌️✌️✌️
如果能摆脱独裁和苏联模式，未来还是有机会的
GDP 增长率5%以上，你来说说要切换到哪种模式？ 是先进的海地模式还是菲律宾模式
😂😂😂你活在平行宇宙吗
美加英日德意这些西方国家没有苏联模式，都在破产边缘反复挣扎很久了 😄
mf said 蘇聯模式 🤣🤣
What is this asian boss? Why doing this?
These sentences as translated aren't complete or make no sense
Equity
How Bad Is China’s Economy Right Now?
| I Spent a Day in LA's Most Dangerous Hood |
| Zombie-like woman found convulsing near abandoned house |
| Open Air Market 💉| San Francisco, California [4K] | - youtube
Wow so LA is in China😂 I learned something new today😂😂😂😂
Mandarin is an interesting language. There's not A lot of use of tongue on the roof of your mouth sounds. Which i guess why learning English is would feel weird at first.
But can you pronounce the right tonal sound?
It's actually the accent and not the language itself. If you listen to southern accent or overseas Chinese they don't have that sound.
only interviewing students and office workers. need to interview factory workers and middle age people to get their perspective.
Always have to remember, but these are restrained PC opinions.
Placebo interview for the despaired graduates
Comments seem to have the common illusion that economy is bad everywhere. This is not true. See the economic trend of the US. I am not from the US, but the continued growth and emerging innovations in various high-tech sectors in the biggest economy do give the world some hope to recover from stagnation and recession.
Edit: Economy in India and southeast Asia is also growing steadily. Central Eastern European countries like Poland are also rising and becoming a new regional economic engine.
2:04 Wow he so sure Trump won't fk up the world :D Man living in fantasy world.
China has already surpassed the USA in quality of life, just look at life expectancy, safety and IQ indexes
in top-20 cities, possible (with population in each > 5mln ppl). But China is much bigger than that
@@darcos-i6s I'm talking about all of China, that country has a better life expectancy at 78 years compared to 77 in the USA.
@ life longitude expectancy isn't the same as quality of life
@ I am talking about safety, health, infrastructure and education.
@ they're not the same at different places in China
9.9? 幽默
The people u interviewed are middle-class or even richer and they r from the most developed cities. How many Chinese people can afford to travel abroad every year and they have SOME HOUSE to rent. God Damn Ridiculous!
Good point. If these middle class or rich folks are struggling, how is the rest of China doing?
You are the one who is ridiculous. Can't you check the data? In 2024, the number of Chinese outbound travelers was 291 million. The home ownership rate of urban households in China was 96.0%. The proportion of households with one house was 58.4%, the proportion of households with two houses was 31.0%, and the proportion of households with three or more houses was 10.5%.
@@animalworldtv9220 R u Chinese? I can't imagine such a thing can be taken by a Chinese person. Do u know how many families spend all their money and take a heavy debt that is why Chinese spending is always weak. Householding count can't say anything. u can also check how low the housing rental-to-sale ratio in China is.
@@anthony-5963 agree. he is a wumao
Now I'm sure Asian Boss got 1.6 billion sponsored
REDNOTE says this may be propaganda. I'll post this question for myself. I don't believe this youtube page . It gives me propaganda vibes
ask me, I am CN citizen, more objective than what you see on rednote
Ah so anything does not fit your assumption is propaganda. 😂😂😂
What happened to the other interviewer with taiwanese accent?
The party probably wont agree its bad...
😅😅They did; Xi himself and the party had said it multiple times in the last few years.