@petrsal6856 The CCP fucked China more than anyone else could have tried to. The one child policy destroyed the country all on its own, but nice try trying to deflect and make everybody else look bad.
@@petrsal6856 Trump forced China to play by the rules. They were tariffing American products and stealing American tech with zero consequences, for decades.
One of the factors contributing to downfall of the industrial manufacturers is the persistent poor quality of products forced on export. Prices were good but of HORRIBLE quality or fakes & copies. Obviously most foods for international markets were disaster of chemicals & heavy metals.
I just bought some wireless headphones. They are great, but I am really torn because they were made in China. After the debacle over the piano in London, I started watching some TH-cam videos about what’s happening in China. Americans have no idea (T**** takes up all the oxygen). I could not find a company in the US making headphones here. Maybe someone could fill that niche.
China has reached the middle income trap threshold. Low to mid end manufacturing is moving to countries with lower wages. China needs to grow its economy with a bigger service sector by increasing consumer consumption, but all the consumers' money is tied up in the real estate bubble market.
They need livable wages to fuel that service sector. J bet china collapses and starts over with new currency. Interwoven into a new social credit system
It took 80 years for american industry to export, and then 40 for chinese industry to collapse. So of the 3 countries left, they have 35 years and 3 moves left before all export labor becomes unprofitable.
Amazing to see Shenzhen laid low. China's transformation downwards since I visited in 2017 is incredible. Too bad China is not able to get new leadership to try a new strategy. Chinese at the time trade war began said China would emerge stronger than ever. I guess not.
indeed, china is now PROPERLY CUCKED by the americans. It's only natural since they don't respect the western way of doing business (and honoring intellectual property).
The crazy part is some companies are STILL building more housing towers when the population is decreasing pretty much in EVERY big city in China. There might be one or two that's not hit so hard but the population won't be growing in those cities either. So who is going to move into those towers? Sure, a real estate company, or builder might be able to sell a place as an investment property because most citizens don't want to invest in their own companies via the stock market. But then THOSE investors are stuck with properties they can't sell, and the odds are good most people in China already are aware of this situation because even though the CCP removes posts from social websites they can't stop people talking to each other.
They are now building those towers in western countries and selling them to Chinese business man, woman, CCP officials and investor's. Driving up real estate prices so people from those countries are priced out.
It’s all about laundering money from criminals who need to “wash” it. I didn’t understand how laundering works until I watched “Breaking Bad”. The construction business is the number one laundering vehicle. Doesn’t matter if the buildings collapse, can’t be sold or whatever. That’s not the point.
In europe population is also declining for decades but housing prices are ever increasing. The thing is the older people from the birth bubble are still living and not dying any soon, but people want to live and work in big cities since small cities don't offer oportunities. It's about people redistribution.
This is just the natural progression of development. I remember how South Korean businesses moved their factories to China when China first opened up in 90s and how South Koreans had the same issues. They found the solution by improving the product and going hitech. Chinese companies will have to move their factories to Vietnam or India. Can they make it in a level playing field without subsidies from the Chinese government?🤔
Ccp will no longer own demand 51% and propriety rights... and will not have to worry about the knock off products and factory output when no one is looking.so they are WaY better off outside of Chyna
The only good thing that might come about is that the air pollution might get better with less factory pressure. Factories and dorms might not be the only thing demolished. Some of the sub-par housing might have to be removed.
Most Chinese buildings are made using reinforced autoclaved aerated concrete (Raac) which has a 30 year lifespan before it comes crashing down. Hence they are demolishing them before they fall down.
What kind of crap is that? it was your companies that decided to produce overseas and it was your politicians who set the business environment to favour leaving your own country
I really would love to see more peace in the world in future. There are Problems which need cooperation in future of the hole world community. But in german we have a metaphor which is true. „ Arrogance comes before the fall“
It's all very sad for the poor workers. Now these capitalist companies will pay crap wages in new markets until it's time to abandon those countries for even poorer ones.
Do you think these businesses will more carefully evaluate the politics of the country they move their manufacturing to? Even when they moved into China, it's not like China was a "friend" to the West or other Asian countries and already had their 9 dash line claiming most the S. China Sea along with having disputes with most its bordering countries about borders, already had issues treating Tibetans as criminals, started locking up people and using them as slave labor. This was ALREADY going on and these companies ignored it, and now they're paying the cost of moving because of the politics of China. Or I should say, they are suffering sales because for now they're charging higher prices to help pay for them to move out of China.
No they wont learn. They leave because the wages are now higher than in other countries. India is already very hostile towards the West and their gouverment even murdered a Canadian Indian activist recently. China is still more horrible though.
They are not suffering nothing.. They did their profit cost analasys before they came.. Those corporations are not people. They are entities made to create profit. If it was allowed they would literally do anything that makes profit.. It is as simple as that.
@@relight6931 ALL behaviors have consequences and economic behaviors are not exempt. in addition, many business decisions are very poor, being driven by an opportunistic attitude and greed, and in fact most are.
@@Brian-pz3wh listen, I agree with you.. But it is helpful to if needed to place the quilt, to where it belongs.. It wasn't "evil" chinese people, who might I need to remind you even today have more then half of their population living under poverty line.. Yet OP fails to see, it wasn't their fault.. It is a simple process of corporations always searching for those lands of ever cheaper labour..and more lax human rights.. Consequences are very real, just don't fall into a trap of thinking it was evil China that took your job.. It was your domestic corps, fully aware of what China is like, and still moving there..
Well said. Also a lot of those greedy companies went out of business. Once china stole or reverse engineered their products. I still can't believe even Hollywood fell for the trap. Now I see big gaming companies going down that road. Once china start developing Big name games for the western market a lot of those companies that are helping china will also one day go out of business.
the quality is what you want to pay for...... are you really that delusional that you believe a space visiting nation cannot produce high quality? There are high quality products you just dont see them because YOUR merchants import on the cheap
The Deserted and Demolished Industrial Areas of Shenzhen: A Relic of the World’s Factory, Leading to Urban Depopulation and Economic Crisis 🏭 Shenzhen's industrial areas deserted and demolished, leading to urban depopulation and economic crisis. 00:00 Industrial areas in Shenzhen deserted and demolished 00:00 Factories and shops closed, leaving empty spaces 00:09 Exodus of migrant workers due to factory relocation 00:34 Urban villages quieter with fewer people and closed businesses 01:55 Shenzhen's transformation from small town to megacity 03:02 Severe crisis of population outflow and falling housing prices 03:44 🏭 Shenzhen's industrial decline leads to job loss and housing price drop, causing migrant worker exodus. 03:58 Migrant workers returning home cause quiet communities 03:58 Housing prices in Shenzhen drop by 30-55% 04:40 Population exodus and industry hollowing out lead to severe job loss 05:25 Many mid-level enterprises move out or shut down 06:16 Job hunting becomes increasingly difficult for migrant workers 07:06 🏭 Shenzhen's manufacturing industry undergoes significant changes, leading to closures and relocations. 07:41 Relocation of manufacturing industry in Shenzhen began in 2008 07:41 Shift from low-end industries to Finance, real estate, and Technology R&D companies 07:54 Pressure on manufacturers to relocate due to land development plans 08:56 Proactive shift in manufacturing due to China-US trade war 09:37 Global manufacturing industries seeking alternatives to China 10:20 Frequent closures and relocations of long-standing companies in Shenzhen 10:48 Examples of major manufacturers ceasing operations in Shenzhen 11:36 🏭 Shenzhen's economic shift leads to deserted factories and struggling city 11:59 Hong Kong funded company ceases operations 11:59 High vacancy rate in office buildings and fake headquarters exploit tax incentives 12:48 Shenzhen experiences negative population growth for the first time 14:00 City officials promote industrial city again, inviting back previously forced out companies 14:20 Shenzhen struggles to attract foreign investment and maintain appearances 14:59 Largest cultural and tourism night market becomes deserted just 4 days after opening 15:06 Video blogger showcases deserted night market with empty stalls and few visitors 15:27 🏭 Shenzhen night market deserted after factories and urban villages demolished, sparking controversy. 15:50 Night market deserted after factories and urban villages demolished 15:50 Video sparked controversy over timing of visit 15:57 Market remained deserted during busiest time visit 16:04 Empty stalls and deserted streets observed in the market 16:12 Former Mercedes-Benz 4S store transformed into night market 16:55 Government's creation of night market seen as political task 17:15 Discontent expressed over the pointlessness of night market without factories 17:30
I just went to SZ a few weeks ago, it was still lively. But i was informed that labor cost are a bit expensive compare to some other places in China. So, some factories moved to other places in China. But it was still lively and buzzling and a lot of traffic jams.
Dont blame the west or rest of Asia reluctant to do business with China. China makes business more difficult with their own internal policies. So Chinese need to reflect on themselves,either change the goverment or their own policies instead of blaming outside of China
Reminds me of areas in the Midwest back in the day when manufacturing was moved from US to China… I guess manufacturing cycles are about 40ish years? Another 40 years they will move again, hopefully the current boom areas will be more prepared than US was in 80’s/90’s and China today.
@@stevenphillips3466 Huh? The manufacturing, as well as all the supporting industries, jobs left the US permanently. That is why most manufactured goods, and quite a bit of food and pharma, in the US have foreign origins now. The people of the rust belt had to retrain to a different field or retire much like the Chinese will have to do now.
I am very sad. I bought and sold high quality renewable energy products based in Hong Kong and Shenzhen for many years. I worked hard to establish lifetime relationships. I stayed at the best hotels in Shenzhen, Nanjing, and throughout mainland China. I was always treated with kindness and the most gracious hospitality. I will return to do business in 2024.
Businesses move to cheaper operating costs and cheap labor. America to Japan to Korea to China to now India and Vietnam. Soon these businesses will move to Cambodia and other countries.
They dont have the infrastructure to support that. Those countries have already been tapped for mining for asian countries. They have 3 countries max that can support that, and none of those countries will last as long before the labor market caps out, like current china. Id give india 10 years to get to the same point. Its a race, and theres not much road left.
It seems like it was only yesterday that I read about Xi seeking to transform China's economy from relying so much on exports to one of internal consumption. He has also sought to repress foriegn influence on Chinese culture...and then there are the tensions created by it's expansion of territorial claims, threats of invading Taiwan, and support for Russia in their war against Ukraine. It would be difficult to see how this could be anything but bad for China.
Actually the "changing the bird" policy seems reasonable and in the end everybody profits from it. China has a declining labor force due to demographics and seeks higher value industries instead of labor intensive low profit industries. Other developing countries get the chance to also industrialize and profit from global trade and the foreign companies get to relocate to an even cheaper place to produce. Anyway they would have soon left China purely for cost reasons.
i went to Shenzhen 30 years ago for business ....it is now everything went up over 100 x similar like bitcoin ...it is not in correction..and i don't see any problem......
This is truly horrifying, however, when the automotive industry in the United States closed factories in Ohio and move them to Mexico, you should see those communities. Now Cleveland, Ohio is a graveyard on the east and west side. Those people never got jobs again most of them retired early and now it is a real SH blank blank hold and no one wants to live there. If this is what China is doing then this explains why there are so many Chinese refugees now coming in through Mexico into the United States. But there are no jobs in the United States and all the refugees coming here right now are only going to be living on government money through the refugee program. but has China opened up to refugees?
I believed in order the state need to transition from Manufacturing to finance & High tech sector, the state need to retrain the people 1st, not just blindly execute the new directive. also some enticing benefits (such as tax break) to help invite other big company that are finance & high tech to invest in Shenzhen. so that when the state do start executing to finance & high tech sector, the people are ready to move/ reemploy to that area. My guess is the state government just blindly do it without planning. just rush it without thinking - Poor Planning. That's how the outcome comes out where the ground people suffers.
It's also very contagious, greed travels, Mexico is starting to get insanely expensive with the influxes of foreigners to the point Mexicans are being displaced from various cities, cause they can't afford or compete with the hikes the GREEDY landlords are charging now in dollar vs peso 😢‼️
It is a common/inevitable thing that a nation loses this or that industry as its economy undergoes changes. The US has the Rust belt and farmers have been disappearing for decades. The question is, other emerging sectors can re-absorbe the excess workforce or not. If China can do that, that means their society is more dynamic and resilient than some of us believe.
It doesn't look that it's going that way. China's economy is not resilient, it doesn't have a developed internal market, it depends on exports, and their technology though stolen from the west, is a far cry from advanced Countries. China won't recover for years, there is no longer an incentive to go invest there.
I'm EXTREMELY concerned about China and their population. Hundreds of millions were locked up, forced vacksed, detained, etc. WHERE ARE ALL THE PEOPLE !?!? Thousands of factories and restaurants, neighborhoods, entire VILLAGES ARE EMPTY. How many are no longer with us !??? This is depopulation and it can't be hidden anymore
Isn't it the New Year for China currently? That means it would be shut down for weeks so people can go home. Not saying things aren't bad but when was your footage taken? Just curious. Up with the people down with CCP
Maybe about 40/50 years ago most US city’s subway/metro trains were built by the Japanese and in the 90s they were built by the Korean company. Guess what company is building the replacement trains now.
Not so CAUSE the poor poeple are the ones suffering not the government ‼️ Just like in the USA ‼️ bad decisions the governing parties make only hurt the most vulnerouble 🤨😡
The devastated Chinese economy: Brought to you by Winnie the Pooh.
You forgot about Trump and Biden.
@petrsal6856 The CCP fucked China more than anyone else could have tried to. The one child policy destroyed the country all on its own, but nice try trying to deflect and make everybody else look bad.
Glad we could help @@petrsal6856
@@petrsal6856 Trump forced China to play by the rules. They were tariffing American products and stealing American tech with zero consequences, for decades.
@@petrsal6856 No, it's all because of Pooh and his peanut-sized brain
It's good to see that companies have woken up and are finally leaving China.
China is de industeralizing ... but the have plenty of vacant pretty buildings and vacant mega high speed train terminals
Good old tofu town w/tofu High speed 🚆😢
Have you been to Michigan?
Has that what-about-ism fixed anything yet?
Not woken up.... just chasing lower labour costs so that corporate profits and ceo bonuses can keep going up
Now the Chinese know how we in the west felt when we lost our industrial manufacturing base.
they do but wishing ill on common folk who had no say in the policies the governments implement is low.
@@rhetorical1488the wrong china won the civil war
Where was their sympathy for the American worker when it was happening to them? Nice try. @@rhetorical1488
At what point did they say wish…reaching much
@@rhetorical1488 not really. They have supported the government.
They didn't move they shut down.
nope, sent to africa. cheaper labor
RIP China you will not be missed.
Don’t be so sure yet.
Karma for China for how they treat Africans in Africa
They are always yelling or following you around 😂😂😂😂😂😂
Kama Sutra for China.
respect ...........
Shenzhen started dying right after the US sanctions
You’re so wrong, I just came back from Shenzhen one month ago.
One of the factors contributing to downfall of the industrial manufacturers is the persistent poor quality of products forced on export. Prices were good but of HORRIBLE quality or fakes & copies.
Obviously most foods for international markets were disaster of chemicals & heavy metals.
I just bought some wireless headphones. They are great, but I am really torn because they were made in China. After the debacle over the piano in London, I started watching some TH-cam videos about what’s happening in China. Americans have no idea (T**** takes up all the oxygen). I could not find a company in the US making headphones here. Maybe someone could fill that niche.
China has reached the middle income trap threshold. Low to mid end manufacturing is moving to countries with lower wages. China needs to grow its economy with a bigger service sector by increasing consumer consumption, but all the consumers' money is tied up in the real estate bubble market.
They need livable wages to fuel that service sector. J bet china collapses and starts over with new currency. Interwoven into a new social credit system
It took 80 years for american industry to export, and then 40 for chinese industry to collapse.
So of the 3 countries left, they have 35 years and 3 moves left before all export labor becomes unprofitable.
Yes.
Then the AI and computer robots will take over the labour department. @@cheesesniper473
China has grown way too fast that is a fact.
Shame all that empty land is so badly contaminated from industry etc that it can’t be turned back into productive farm land.
why do you think they will check for that before planting ?
Amazing to see Shenzhen laid low. China's transformation downwards since I visited in 2017 is incredible. Too bad China is not able to get new leadership to try a new strategy. Chinese at the time trade war began said China would emerge stronger than ever. I guess not.
i remember watching serpentZA videos back in 2015 of him riding all over that city. this is really eye opening.
indeed, china is now PROPERLY CUCKED by the americans.
It's only natural since they don't respect the western way of doing business (and honoring intellectual property).
This happens with export reliant economies
This is one small area being redeveloped in a massive city. It does not represent Shenzhen. A totally misleading video.
The crazy part is some companies are STILL building more housing towers when the population is decreasing pretty much in EVERY big city in China. There might be one or two that's not hit so hard but the population won't be growing in those cities either. So who is going to move into those towers? Sure, a real estate company, or builder might be able to sell a place as an investment property because most citizens don't want to invest in their own companies via the stock market. But then THOSE investors are stuck with properties they can't sell, and the odds are good most people in China already are aware of this situation because even though the CCP removes posts from social websites they can't stop people talking to each other.
They are now building those towers in western countries and selling them to Chinese business man, woman, CCP officials and investor's. Driving up real estate prices so people from those countries are priced out.
Not STILL building, you don’t know what you are talking about.
They want all those migrant workers to live in penthouses and eat in fine dining restaurants and drive luxury cars.
It’s all about laundering money from criminals who need to “wash” it. I didn’t understand how laundering works until I watched “Breaking Bad”. The construction business is the number one laundering vehicle. Doesn’t matter if the buildings collapse, can’t be sold or whatever. That’s not the point.
In europe population is also declining for decades but housing prices are ever increasing. The thing is the older people from the birth bubble are still living and not dying any soon, but people want to live and work in big cities since small cities don't offer oportunities. It's about people redistribution.
well now i know why Black & Decker's quality fell off.
Affectionately known as "Sack and Pecker" now 😂
Doesn't look like they changed birds looks like they killed the last bird they had left.
Not only did they kill the poor bird, but they ate it. I blame this on the CCP zero Covid policy.
This is just the natural progression of development. I remember how South Korean businesses moved their factories to China when China first opened up in 90s and how South Koreans had the same issues. They found the solution by improving the product and going hitech. Chinese companies will have to move their factories to Vietnam or India. Can they make it in a level playing field without subsidies from the Chinese government?🤔
And subsidies account for 25% of the total economy of Chinamerica, both in its American and Chinese parts.
Ccp will no longer own demand 51% and propriety rights... and will not have to worry about the knock off products and factory output when no one is looking.so they are WaY better off outside of Chyna
The CCP will find a way to interfere amd make it harder
No
The only good thing that might come about is that the air pollution might get better with less factory pressure. Factories and dorms might not be the only thing demolished. Some of the sub-par housing might have to be removed.
THIS IS THE SITUATION WHEN A DOG BITES THE FEEDING HAND
WEF RULES....
Absolute power carries with it absolute responsibility. Blame Xi Jinping.
Chinese people can blame Xi and his ego.... nothing will change until the people stand up for themselves
And let the Americans blame Biden for everything.
Rise up People of China
Most Chinese buildings are made using reinforced autoclaved aerated concrete (Raac) which has a 30 year lifespan before it comes crashing down. Hence they are demolishing them before they fall down.
It's called BOOM & BUST. Nothing lasts forever....
An illusion created on debt.
A sad realization but one needed to wake the people up
he he in communist counrtzy....bull sh...
I'm beginning to wonder whether China even has a population of a billion 😢😮😂
Give it a year or two
@@shanghaiffgg will anyone be left in a few years 😄
You can understand now how we felt when you stolen our factories.
When they stolen? You realize that was done by US corporations for their self interest...
What kind of crap is that? it was your companies that decided to produce overseas and it was your politicians who set the business environment to favour leaving your own country
Not exactly stolen, corporate America had a role in the "great off-shoring".
I really would love to see more peace in the world in future. There are Problems which need cooperation in future of the hole world community. But in german we have a metaphor which is true. „ Arrogance comes before the fall“
It's all very sad for the poor workers. Now these capitalist companies will pay crap wages in new markets until it's time to abandon those countries for even poorer ones.
Business baby its just business-unfortunately
Easy come, easy go.
I guess nobody noticed but, China has a Communist government with absolute power. They bear absolute responsibility.
Think they’ll go to Thailand or Mexico or Philippines?
@@WolfOfLosAngeles All three, including Indonesia and various African states.
Do you think these businesses will more carefully evaluate the politics of the country they move their manufacturing to? Even when they moved into China, it's not like China was a "friend" to the West or other Asian countries and already had their 9 dash line claiming most the S. China Sea along with having disputes with most its bordering countries about borders, already had issues treating Tibetans as criminals, started locking up people and using them as slave labor. This was ALREADY going on and these companies ignored it, and now they're paying the cost of moving because of the politics of China. Or I should say, they are suffering sales because for now they're charging higher prices to help pay for them to move out of China.
No they wont learn. They leave because the wages are now higher than in other countries. India is already very hostile towards the West and their gouverment even murdered a Canadian Indian activist recently. China is still more horrible though.
They are not suffering nothing.. They did their profit cost analasys before they came.. Those corporations are not people. They are entities made to create profit. If it was allowed they would literally do anything that makes profit.. It is as simple as that.
@@relight6931 ALL behaviors have consequences and economic behaviors are not exempt. in addition, many business decisions are very poor, being driven by an opportunistic attitude and greed, and in fact most are.
@@Brian-pz3wh listen, I agree with you.. But it is helpful to if needed to place the quilt, to where it belongs.. It wasn't "evil" chinese people, who might I need to remind you even today have more then half of their population living under poverty line.. Yet OP fails to see, it wasn't their fault.. It is a simple process of corporations always searching for those lands of ever cheaper labour..and more lax human rights.. Consequences are very real, just don't fall into a trap of thinking it was evil China that took your job.. It was your domestic corps, fully aware of what China is like, and still moving there..
Well said. Also a lot of those greedy companies went out of business. Once china stole or reverse engineered their products. I still can't believe even Hollywood fell for the trap. Now I see big gaming companies going down that road. Once china start developing Big name games for the western market a lot of those companies that are helping china will also one day go out of business.
Yes. That’s right. The world is finally sick of low quality products. I would call these places one minute factories.
They are sick of 50-Armyers, Wolf--Warriors, Luxury house investors, and the MSM.
the quality is what you want to pay for...... are you really that delusional that you believe a space visiting nation cannot produce high quality? There are high quality products you just dont see them because YOUR merchants import on the cheap
The Deserted and Demolished Industrial Areas of Shenzhen: A Relic of the World’s Factory, Leading to Urban Depopulation and Economic Crisis
🏭 Shenzhen's industrial areas deserted and demolished, leading to urban depopulation and economic crisis.
00:00
Industrial areas in Shenzhen deserted and demolished
00:00
Factories and shops closed, leaving empty spaces
00:09
Exodus of migrant workers due to factory relocation
00:34
Urban villages quieter with fewer people and closed businesses
01:55
Shenzhen's transformation from small town to megacity
03:02
Severe crisis of population outflow and falling housing prices
03:44
🏭 Shenzhen's industrial decline leads to job loss and housing price drop, causing migrant worker exodus.
03:58
Migrant workers returning home cause quiet communities
03:58
Housing prices in Shenzhen drop by 30-55%
04:40
Population exodus and industry hollowing out lead to severe job loss
05:25
Many mid-level enterprises move out or shut down
06:16
Job hunting becomes increasingly difficult for migrant workers
07:06
🏭 Shenzhen's manufacturing industry undergoes significant changes, leading to closures and relocations.
07:41
Relocation of manufacturing industry in Shenzhen began in 2008
07:41
Shift from low-end industries to Finance, real estate, and Technology R&D companies
07:54
Pressure on manufacturers to relocate due to land development plans
08:56
Proactive shift in manufacturing due to China-US trade war
09:37
Global manufacturing industries seeking alternatives to China
10:20
Frequent closures and relocations of long-standing companies in Shenzhen
10:48
Examples of major manufacturers ceasing operations in Shenzhen
11:36
🏭 Shenzhen's economic shift leads to deserted factories and struggling city
11:59
Hong Kong funded company ceases operations
11:59
High vacancy rate in office buildings and fake headquarters exploit tax incentives
12:48
Shenzhen experiences negative population growth for the first time
14:00
City officials promote industrial city again, inviting back previously forced out companies
14:20
Shenzhen struggles to attract foreign investment and maintain appearances
14:59
Largest cultural and tourism night market becomes deserted just 4 days after opening
15:06
Video blogger showcases deserted night market with empty stalls and few visitors
15:27
🏭 Shenzhen night market deserted after factories and urban villages demolished, sparking controversy.
15:50
Night market deserted after factories and urban villages demolished
15:50
Video sparked controversy over timing of visit
15:57
Market remained deserted during busiest time visit
16:04
Empty stalls and deserted streets observed in the market
16:12
Former Mercedes-Benz 4S store transformed into night market
16:55
Government's creation of night market seen as political task
17:15
Discontent expressed over the pointlessness of night market without factories
17:30
It's terrible what the fuck is going on.
Thanks.
I suspected many hundreds of millions of Chinese are "no longer with us" after C V imprisonment, starvation and mass vacuum scene.
I just went to SZ a few weeks ago, it was still lively. But i was informed that labor cost are a bit expensive compare to some other places in China. So, some factories moved to other places in China. But it was still lively and buzzling and a lot of traffic jams.
Chineses progress!!😂
🇺🇲💪
The lesson of "Don't bite the hands that feeds you".
Where did the factory workers go?
Keep up ur belt&,road programs Winnie Pooh!!😂
Infrastructure like the high speed rail system, that was only at 20% capacity, must be crashing now.
Relocated to other Countries WOW
Dont blame the west or rest of Asia reluctant to do business with China. China makes business more difficult with their own internal policies. So Chinese need to reflect on themselves,either change the goverment or their own policies instead of blaming outside of China
Wishing you a Happy and Prosperous New Year.
Ccp is still o.k,so don't worry about billion chinese people.
Why would they demolishing these buildings when there are so many people are sleeping in the streets?
Reminds me of areas in the Midwest back in the day when manufacturing was moved from US to China…
I guess manufacturing cycles are about 40ish years? Another 40 years they will move again, hopefully the current boom areas will be more prepared than US was in 80’s/90’s and China today.
Fortunately those people could just move to get jobs in different states ...These Chinese look like they cant find many jobs anywhere
@@stevenphillips3466and their mobility is usually limited because of the social credit system AND strict migration laws between provinces.
In fact, the United States today looks like China today, because Chinese wage labor has risen significantly in price.
@@stevenphillips3466 Huh?
The manufacturing, as well as all the supporting industries, jobs left the US permanently.
That is why most manufactured goods, and quite a bit of food and pharma, in the US have foreign origins now.
The people of the rust belt had to retrain to a different field or retire much like the Chinese will have to do now.
@@petrsal6856 ni hao wumao
They thought we needed them 😂
China, the ultimate in disposability. Entire regions....
I am very sad. I bought and sold high quality renewable energy products based in Hong Kong and Shenzhen for many years. I worked hard to establish lifetime relationships. I stayed at the best hotels in Shenzhen, Nanjing, and throughout mainland China. I was always treated with kindness and the most gracious hospitality. I will return to do business in 2024.
The elephant in the room is socialism followed by communism!
What tragedy !!!
Good news! Taiwan still free.
If you build it they will come, that’s not a sound economic policy.
Businesses move to cheaper operating costs and cheap labor. America to Japan to Korea to China to now India and Vietnam. Soon these businesses will move to Cambodia and other countries.
They dont have the infrastructure to support that. Those countries have already been tapped for mining for asian countries.
They have 3 countries max that can support that, and none of those countries will last as long before the labor market caps out, like current china.
Id give india 10 years to get to the same point. Its a race, and theres not much road left.
"we have 1000 weaving machins, we WILL DESTROY YOU!" well, we are still here and kicking - are they?
This is just the beginning, when some one becomes arrogant, its down fall starts!
This is the true indicator, the reversal of fortune at the place where it all started.
Now we have to put up with low quality again because yet another country will have to learn how to make things.
It seems like it was only yesterday that I read about Xi seeking to transform China's economy from relying so much on exports to one of internal consumption. He has also sought to repress foriegn influence on Chinese culture...and then there are the tensions created by it's expansion of territorial claims, threats of invading Taiwan, and support for Russia in their war against Ukraine. It would be difficult to see how this could be anything but bad for China.
Schegen speed. In reverse.
Easy come. Easy go.
Little high, little low
Any way the wind blows
When you let Winnie the Pooh rule...
absolutely
They should used those empty building for housing since many of the Newer Apartments i would never ever want to live in.l
now this is a night market...a quiet place where you can enjoy a nice quiet meal
Of fake food.
@@dilligafmofoker how do know....were you there and have you consumed some...
@@dilligafmofoker ？
So it turns out influencing politics in US has backfired.
Actually the "changing the bird" policy seems reasonable and in the end everybody profits from it. China has a declining labor force due to demographics and seeks higher value industries instead of labor intensive low profit industries. Other developing countries get the chance to also industrialize and profit from global trade and the foreign companies get to relocate to an even cheaper place to produce. Anyway they would have soon left China purely for cost reasons.
Bat Soup sales must be low. This could be a good thing. Now is time to paint empty landscape green. Make photo look nice.
i went to Shenzhen 30 years ago for business ....it is now everything went up over 100 x similar like bitcoin ...it is not in correction..and i don't see any problem......
This is truly horrifying, however, when the automotive industry in the United States closed factories in Ohio and move them to Mexico, you should see those communities. Now Cleveland, Ohio is a graveyard on the east and west side. Those people never got jobs again most of them retired early and now it is a real SH blank blank hold and no one wants to live there. If this is what China is doing then this explains why there are so many Chinese refugees now coming in through Mexico into the United States. But there are no jobs in the United States and all the refugees coming here right now are only going to be living on government money through the refugee program. but has China opened up to refugees?
I believed in order the state need to transition from Manufacturing to finance & High tech sector, the state need to retrain the people 1st, not just blindly execute the new directive. also some enticing benefits (such as tax break) to help invite other big company that are finance & high tech to invest in Shenzhen. so that when the state do start executing to finance & high tech sector, the people are ready to move/ reemploy to that area. My guess is the state government just blindly do it without planning. just rush it without thinking - Poor Planning. That's how the outcome comes out where the ground people suffers.
all that to thank Xi Jinping!
What happened to the Temu and Shein factories ?
Ecology cycle, chouce in life, town planning vs policies...
Hard to believe all those nice cars motorcycle and scooters are "empty" too. Add in all those zombie people walking to and from those "empty" places.
the jobs are back in mexico, its called onshoring
and the mexican factories are employing guatamalans
Interesting how greed always corrupts what is good. Same going on in the US in all kinds of ways.. Give an inch, and people want a mile.
It's also very contagious, greed travels, Mexico is starting to get insanely expensive with the influxes of foreigners to the point Mexicans are being displaced from various cities, cause they can't afford or compete with the hikes the GREEDY landlords are charging now in dollar vs peso 😢‼️
Yes, it's the same in America.
Thanks CCP 😇😇😇
Thanks to Democrats and Republicans for that.
It is a common/inevitable thing that a nation loses this or that industry as its economy undergoes changes.
The US has the Rust belt and farmers have been disappearing for decades.
The question is, other emerging sectors can re-absorbe the excess workforce or not.
If China can do that, that means their society is more dynamic and resilient than some of us believe.
It’s a fair question. Unfortunately the answer is that China is fncked
It doesn't look that it's going that way. China's economy is not resilient, it doesn't have a developed internal market, it depends on exports, and their technology though stolen from the west, is a far cry from advanced Countries. China won't recover for years, there is no longer an incentive to go invest there.
is dynamic like their political parties changing so frequently :))
Regulated economies are never dynamic by definition.
I was in Shenzhen just two weeks ago. It's great and busy. Ignore the fake news. Shenzhen is huge go and have a look.
I'm EXTREMELY concerned about China and their population. Hundreds of millions were locked up, forced vacksed, detained, etc. WHERE ARE ALL THE PEOPLE !?!? Thousands of factories and restaurants, neighborhoods, entire VILLAGES ARE EMPTY. How many are no longer with us !??? This is depopulation and it can't be hidden anymore
😢☹️ I didn't think about that ☹️ where are they ❓ entire cities they can't all disappear 🤔‼️ could happen but not like THIS, just doesn't seem right 😳
Hundreds of millions r no longer with us.
You worry about yourself too.
Million, 2or3 sure but your numbers are wild
Did you notice the barbed wire around the factory dormitories at 7:20 ? That alone gave me the creeps
Isn't it the New Year for China currently? That means it would be shut down for weeks so people can go home. Not saying things aren't bad but when was your footage taken? Just curious. Up with the people down with CCP
CNY is in February this year
Robots will replace workers soon globally.
this channel looks like Taiwan AI generated bait.
BIDEN keeps winning!
Fun fact is that China is moving industry mostly dirty industry out of Shenzhen from 2020 ... So this is "really shocking " new :D
i read factories moved out because polution toxic soil
Closed down and moved to where?
First to open. First to close. Whats going to happen now. What can the former workers do to gain an income to buy food and live.
do these small to mid sized factories leave shenzhen to relocate to other parts of china or are they disbanding / relocating outside of china?
It's on the video, they are going to Vietnam and South America
@@MRW515 thanks for the info. i missed that one.
Maybe about 40/50 years ago most US city’s subway/metro trains were built by the Japanese and in the 90s they were built by the Korean company. Guess what company is building the replacement trains now.
@@billshun3963 idk about all of US but new york's are build by the japanese.
👍
So they demolish everything the minute someone moves out?
🤣👍👍👍
Feel good story!!!
Not so CAUSE the poor poeple are the ones suffering not the government ‼️
Just like in the USA ‼️ bad decisions the governing parties make only hurt the most vulnerouble 🤨😡
This is some kind of horror.
It's the CCP way.....
HAVE FAITH MY CHINESE FRIENDS YOU WILL BE GOOD!
How's that communism working out for ya?
I’m so very sorry for your unable to find work😪
what was the point of destroying these factories? Wouldn't it be better to leave them and when prosperity returns, then use the existing buildings?
The World's factory still mass produces OOFs at least.
I’m living here in Shenzhen town
and their closing all the factories down
lot of stuff people just don't buy anymore toys are like never for one
This is sad. I hope the best
And, since when is 500k people considered a small town?..
1.4 billion hooligans..... 😆
When compared to 18M.