China’s E-commerce Has Collapsed! No One Mentions Internal Circulation;This Year’s Double 11 Is Cold
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- เผยแพร่เมื่อ 24 พ.ย. 2024
- ‘Double 11,’ also known as ‘Singles’ Day,’ was first launched by Chinese e-commerce giant Alibaba in 2009 to encourage single people to treat themselves. November 11th was chosen as the peak day for sales.
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It's funny Chinese go abroad to buy stupid expensive luxury bags, while westerners buy cheap no brand budget bags online from China😅
indeed LoL
What’s funny the bags they are buying they are probably made in china too
That's what I do....
Cry-na Porkcooh test
I buy cheap budget stuff from Vietnam, not China. If I buy something online I usually use those product origin extensions for chromium.
The Chinese were promised being the worlds factory. But the products were made of dried noodles, industrial grade cotton, recycled medical waste, and gutter oil. No one bought? IM SHOCKED. 🎉
No one promised anything to China, they just muscled in.
they don't even want to buy their own products themselves it seems.
@@user-ze1em2ib6z No one promised them anything like that
no job = no work = no money = no spending understand ?
with 48 Million sold & Unfinish Homes . unless you ok to buy and sell unfinish home , property market is dead .
Many of these AI voiced videos don’t seem to get this. Everything seems such a surprise.
I can’t believe that Chinese peopled are so stupid that they don’t see what’s right in front of them but why do they keep opening food outlets? This has to be one of the first things to go when you’re short of money.
I often talk to Chinese students online and there’s clearly so much going on in China that they know nothing about. While I think they do know there’s some kind of a problem, I believe they think it’s a very temporary situation. Invariably they blame the US citing jealously of their success.
Why are all these festival themes based around spending money? What happened to celebrating culture or celebrating community?
I agree, but to be honest the US does simular stuff. But definitely not like China 😊. Chinese people seem to worship the $$$ more than anything else. It's actually pretty sad.
That's what happening when everyone thinks only about money
You know the reason. Everyone does. They lost their culture back in 1949.
there is the ccp goal. they want to go from the world's factory to a service economy like the west.
but many people have scars from the cultural evolution and mao's time so that made them frugal by nature (as well as all of china's history). they have tried for so long to increase domestic spending but it dont work which is why their companies fail alot they rely on the weatern markets but have very poor domestic market to fallback on
another is fierce authority and service economy dont mix. xi can force people to meet factory quotas but he cant go "sell 20 huawei phones or im gonna kill your family". he does do that but that has the opposite effect
They don't support religion etc, so it's obvious that without any types of social values you create robots that engage in corruption.
I have said it many times before. bachelor degrees, master degrees and yes, even PhD degrees are cheap and over inflated in China. The hiring companies are plagued with candidates with worthless degrees or degrees earned without merit. Yes, they bought their degrees but without any skills or experience. Very few are highly talented but they're not hired b/c cronyism is alive and well.
Well said 👍. Learning a trade is wiser, at least you'll have employment for life. Plumbers make a fortune.
Just like the Chinese generals buying their positions
I didn't know Chinese students buy degrees. Interesting.
Not just in China but everywhere.
@@randalsaladbar Exactly right mate, can you imagine being in a war, under the command of a 'General' who has bought his rank and therefore has no f#cking idea what he's doing?
LOL, as a single man, I don't need to be told when to "treat myself", thanks anyway. 🤣
I still want to know what their official unemployment rate is/ what it actually is
If its something bad, its probably at least 50% worse than it shows. You don't really get deflation unless unemployment is really bad. For reference, the last time we had deflation in the us, it was around 2010 when unemployment was well over 2x its historical average.
Given that they experienced deflation winter of 2023, and the natural unemployment rate of developed countries is around 4%, you can expect that the real unemployment rate in China is at least 8%, but probably above 10%.
You should worry about what USA's actual unemployment rate is.
@@okboomer6201 why? we don't have a "lay flat" culture.. unless you are on narco/painkilers/slouched over on the streets lol
From what I've heard, it's over 40%
At least 50% by now
I find the idea of "the 3rd day of 11/11" hilarious.
ccp: why arent people having kids?
If people in the US don't want to have kids right now then China has no chance either, either that or those children will lead _horrible_ lives
Nooooo, sellers marking up the prices before sales... I've never seen anyone do that.
"At least when you're single, people flirt with you" That never happens to guys, can't relate.
Very comprehensive and valuable report about the rapidly changing market sentiments and market environment across China…. Where is our world heading to?
Speed vacation; then how can it be a vacation? ! It's really a vacation race to look, while NEVER seeing!!!
That's not fair. I raced all over China in 21 days and saw many wonderful things. I had a great experience. It's a big country and with limited time spending too much time in one place simply means missing something else.
When you cut the salaries of working people and raise the cost of their utilities, they'll have less money left for shopping...
Yeah, some Chinese people seem to REALLY not get that.
It seems like the FOMO strategy won't work anymore. It's always better to just save money.
Piles and piles of cheap tat that you will throw away in a year. All consumers eventually realize this.
I've noticed that prices are already starting to creep up. Items that I've marked have slowly been increasing in price. So when the sales come it will look a like it was a big discount where in fact it's only discounted from a higher price.
If they were as good at putting all the parts in the box as they are at stealing intellectual property, amzn woukd have a lot fewer returns.
Facts as well 😮
Festival? What festival? It is just about buying cheap crap. I always thought festivals had something to do with music or art or garden shows etc. But no, only buying cheap stuff...
Rise up People of China
I pray for the Chinese people. For courage and union against the tyrant system that has destroyed their rich culture. #JesusIsKing
but it was them who created their tyrant system have you forgotten the mao and cultural revolution?
@@GesunddurchWissen the illusion of choice they had at that moment is different than the one that is presented nowadays
@@GesunddurchWissen when a nation puts God first the population reaps the benefits.
And Americans think China economy is blooming? 😂😂
Who?? No one I know.
Only Trump supporters do. Because Trump keeps saying China will crush our economy so elect him to prevent it when there isn't a need to.
That’s what our mainstream media is telling us in Germany too 🥴
@@mikewolf-x6t i aim at some Americans express a profound discontent with their own country while expressing admiration for other nations. This sentiment can stem from various factors, including dissatisfaction with domestic policies, social issues, or perceived moral shortcomings. Such perspectives may be interpreted by some as a lack of patriotism, while others view them as a legitimate critique aimed at fostering positive change.
@@lucastian1068 I think you should address your letter to Santa, you make little sense here.
Ok…I’m hoping someone can explain this to me. I’ve heard this channel talk about this before and couldn’t grasp it. Why do people order something online and immediately cancel the order? I’ve heard numerous sellers talk about this on this channel and wondered. Thanks✌️
Because they forgot to add something to the order or ordered the wrong thing.
Cold because people have realised that prices are not decreased, the vendors boost prices just before and then claim they have a big reduction. Very few real bargains, everybody loves a bargain and people get carried away and spend without checking
Businesses greed and grift will come to an end if worldwide consumers stop wasting their money
11.11 is not even CAME and in CHina they already crying about sales of 11.11??? Maybe you should not start 11.11 sales a MONTH EARLIER!!! . It becomes regular sales...
Just promotion, no money to spend. Prices all increase will kill confidence
Can anyone say whether there are less people??
GOOD 🇺🇲
yes the best season of them all 11-11...so much sales
Should build a space program .with all the people
Whats with these people didn't they listen to Xinnie the Pooh? Their supposed to embrace hardships and head out into the country side, not complain.
There are traps you can not except from because the bait is money and there was a wet birds ready to kill anything that step in the trap😂...
Because "Karma" for ccp china
its too expensive to live in big cities. and men are also live streaming. lol.
What do you mean with the last sentence about men?
Come to Norman, Oklahoma we have work !
there is the ccp goal. they want to go from the world's factory to a service economy like the west.
but many people have scars from the cultural evolution and mao's time so that made them frugal by nature (as well as all of china's history). they have tried for so long to increase domestic spending but it dont work which is why their companies fail alot they rely on the weatern markets but have very poor domestic market to fallback on
another is fierce authority and service economy dont mix. xi can force people to meet factory quotas but he cant go "sell 20 huawei phones or im gonna kill your family". he does do that but that has the opposite effect
F consumption.
If men are not engaged with pursuing women then while woman may want to shop there's no money other than their own. If it was only men I think there would be no retail shopping. Men generally don't care for it.
Disagree. It is men who are the big people who love buying tech.
There would, but it would be much smaller and very different products.
@@Tyneras Products would mostly be the same
What is "Double 11"?
A date where a year end mega sales with discounted goods. There are 12/12 too. Online shopping apps use those date a lot.
Cool, thanks 🙏👍
Dude, it's still October, not 11/11 yet
Oops some one shared double11 b4 double 11
From how many years you are saying negative ?
11:11 is not going to work we all know it
3/11,9/11,26/11😅😅😅😅😅😅😅😅😅😅😅😅
But...but...but it's not Nov 11 yet!
Emm the narrator…her accent ….most probably she is from the province of Taiwan, China 😅
Anyone know who this “American economist David Huang” is? He keeps getting mentioned but I haven’t seen his name anywhere.
I only buy at pin duo duo
lol nice joke
203….🙂
🎉🎉🎉🎉🎉🎉
Kpop celebrities..😂
1:54
sharemarket was jumping fe days back... nd here u say economy is in downturn. dont make content just for consumption with not enough facts.
will unsubscribe if david appears again
👻Boo
Do you guys ever post anything positive?!
Do you scream this at the weather channel when they tell you it's raining too? 🤣
@@DoveAlexa Hahaha. Amazing. 👏🏽
इंडिया मैं इस से भी बत्तर हालत है
थैंक्स तू फेकू जुमले आजम मोदी
English
Same propaganda. Collapse tomorrow. Meltdown next week. Disintegated by next month. Here you go.
Yes, I agree with you that these videos are a bit over gloom and doom regarding China. Although I also do believe that the next few years are going to be pretty bad over there. China is heading for a bad time, and it will take decades to recover. But, I could be wrong.
@@nicholasrockall7308no your 100% correct. China will fall before 2025. Just like Russia
@@nicholasrockall7308 A totally distorted view of China for sure.
@@shundi4264not really. It is a disintegrating country. I was there. I saw it. But it's not going to collapse or implode. Like many civilizations before it, it will decline, hit a bottom, and then flourish. China has gone through many dark ages and many golden ages and has a very long history.
@@shundi4264 No mate, I wouldn't say that it is 'totally distorted'. I do believe there is a lot of truth in what they report, although as I said before it is probably exaggerated. China is going down, you cannot deny it mate.
The World hasn't recovered since the Pandemic...unless you are from Guyana.
Wtf is guyana? Is that a 4th world country or something.
@@vyneshindenmc6181 I think it's under the ground.
I think this is an USA propaganda tool somewhat, I just saw a youtube of a British guy that doesn't speak Chines hitchhiking 2000 miles across China called, The Side of China The Media Won't Show You. It shows a lot of kind nice Chinese helping him and the countryside
have you traveled and lived outside the US?
Do you realize the size of China?!?! Both things can exist in the same country. Not to mention the limited utility of citing a single piece of tangentially related anecdotal evidence. You cannot base your entire idea of a nation, much less one the size of China off a single video you saw.
That's like someone from China saying that during the 2008 financial crisis in the USA, they saw a video of a someone traveling in Nebraska who met some nice farmers, so clearly everything in the USA was perfect fine.
A tourist having a positive experience in the Chinese countryside doesn't preclude the existence of a major financial and real estate crisis across the metropolitan areas of China.
Not to mention, if there's any part of what you saw which was actually propaganda it's far more likely to be related to the fact that CCP media has been trying to promote and romanticise rural living in China for quite some time now. Legitimate or not, the video you saw is certainly reflecting that same idea.
@@e2rqey What I mean was the bad parts of China is all that is being shown. Eaxctly about Kansasther much more good in counties than what the media show. This channel never shows the good. Do you realize how hard and well the majority of people in China do their job, we all see the screw ups because a small percentage cheats and low lifes screw things up for the rest.
I have traveled in 1990's to Vietnam and and the Philippines and lived in Cebu in 2016 for 6 months.
the like ratio says a lot. lol
That was filmed years ago
GOOD 🇺🇲