From South to North, Large Malls Across China Are Desolate; The Physical Economy Is Beyond Saving
ฝัง
- เผยแพร่เมื่อ 23 ส.ค. 2024
- The physical economy seems beyond recovery, with a grim situation from Guangzhou in the south to Changchun in the northeast. Regardless of the size of the city, street-side shops, commercial districts, and pedestrian streets are struggling. Urban centers are eerily quiet, contradicting official claims of a "booming" domestic market. Mainland financial experts agree that China's economy is plunging into a major depression.
#chinaobserver
All rights reserved.
This is what happens when you trade personal security for power. Ultimately, the state fails and cannot provide security...now what?
Well said
Almost zero domestic consumption means entire economy go bye bye. 😢😢😢😢😮
Chinese workers need to get paid their salaries before they can start spending again.
The lack of spending suggests the reports of workers not getting paid are true.
Its kinda interessting to see how long are the chinese workers willing to take no pay for a job.
Chinese government has a habit of twisting statistics to make themselves look better. it wouldn’t surprise me if the unemployment rate and the salaries people have are worse than reported
Pooh doesn't care if you have nothing to spend. He just want you to spend what you don't have, just like spending what you don't have to buy a home
@@ozibala the populace not having resources is a feature, not a bug of Pooh's strategy.
You can only pay your employees if you're making profit. As you can see, businesses are falling like leaves.
Tight iron fisted rule does not and will not help.
yup, its directly connected to how they handled covid and lockdowns. When you force your people to never leave their homes even for food, to the point people were dying of starvation, you should expect some negative consequences. They were already hurting from the 1 child policy, this is just another nail in the coffin. It’s sad to see the people suffering because of a reckless government
@@SamookelyThey’re not reckless, they are indifferent to the suffering of the people!
@@cherylT321 i mean yeah, they dont listen to the people so they make laws that have a lot of unforeseen consequences. Id still consider that reckless too
@@Samookely Fair enough!
When you have large numbers of small businesses all doing the same thing, the failure rate goes way up. Look what happens in the USA when there are a number of restaurants on the same street.
When the court is arrayed in splendor,
The fields are full of weeds,
And the granaries are bare.
Some wear are gorgeous clothes,
Carry sharp swords,
And indulge themselves with food and drink;
They have more possessions than they can use.
They are robber barons.
This is certainly not the way of Tao.
_I met a traveller from an antique land_
_Who said: Two vast and trunkless legs of stone_
_Stand in the desert. Near them, on the sand,_
_Half sunk, a shattered visage lies, whose frown,_
_And wrinkled lip, and sneer of cold command,_
_Tell that its sculptor well those passions read_
_Which yet survive, stamped on these lifeless things,_
_The hand that mocked them and the heart that fed:_
_And on the pedestal these words appear:_
_"My name is Ozymandias, King of Kings:_
_Look on my works, ye Mighty, and despair!"_
_No thing beside remains. Round the decay_
_Of that colossal wreck, boundless and bare_
_The lone and level sands stretch far away._
However it IS the way of communism... it never works.... it stifles free market values... and that is what is happening now, are we happy about this in the Western world? NO. A prosperous high quality life for Chinese citizens is good for all the world.
Change your Leader, it will changed everything..
Good luck with that
It won’t make any difference unless the CCP steps down which they won’t.
winney the pooh is gonnna dissapear you
Change Biden....US city is full of drug addicts.
You forgot that this is China, trying to change the leader is suicidal. Look at the USA, we're trying to change the leader in 2024 and he got hit with 95 indictments.
Self inflicted
its true, malls are eerily empty when I was there last december.... and the mall I went to was next to 5-star sheraton hotel.
Which area
Claiming the seas is more important for XhitCP.
Winnie the pooh has lots of honey. Ask him to pay his fair share.
when soon Police and Army won´t be paid in China things will change
Chinese are well known for not spending, they are very cheap to one each other.
16:38 Why couldn’t he just hand the empty bottle to the other gentleman? Such disdain for the poor man.
jeez, that was a perfect glimpse into a society that acquired fast cash.
There seems to be very little common respect among people. Its just about money and ego.
Chinese have always been rude.
that's why they're eyeing taiwan for its money
Nothing like a war to distract the populace from failed domestic policy. They learned this from the Americans.
Absolutely, totally agree!
100% WRONG.
CCP want the tech. But Taiwan will destroy it all before the CCP get to it.
Fool's Gold.
People everywhere is living on survival mode, economy decline is inevitable.
i feel bad for the common china citizen
under ccp,there are no citizen,only slaves
I don't. They need to learn to save for a rainy day.
They never felt bad for us when they took all our factories and destroyed American jobs.
@@khanhcao3123 i mostly mean the fact that they are stuck in the middle of this stuff.
Save your sympathy for people actually enjoy freedom and yet still got their lives destroyed by China.
Like north Korea, per capita, they could be pretty well off if the government weren't so militaristic and genially looked after the people. But it's foolish to believe something genuine will come out of the ccp
Man its heart breaking that people are living a low life, their government would tax them to oblivion really shows how unconcerned the government is about their own people...!!
I can tell you asians, in europe it isn't either what it was... but far from as bad as THIS. what China is going through is a crash, what europe had was painful but we survived.
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
I think so. Europe will survive like it did many times in the past. China had seen rapid growth but it was the growth from borrowing and speculation, so now when one of the domino fell, the other sectors fell because it lacked supporting economy.
I think so. Europe will survive like it did many times in the past. China had seen rapid growth but it was the growth from borrowing and speculation, so now when one of the domino fell, the other sectors fell because it lacked supporting economy.
I think so. Europe will survive like it did many times in the past. China had seen rapid growth but it was the growth from borrowing and speculation, so now when one of the domino fell, the other sectors fell because it lacked supporting economy.
I bet PoohBear is proud of himself too.
2:46 So much smog.
Breathe...breath in the air...
#theskydontlie
5.3% GDP Growth😂
No independent third party auditors
No backing statistical data
Any number can be printed
CCP might as well report 500% growth. Reach for the moon.
And this is where my heart pours out fot the people of China. 😔
the problem with china economy not way to know ccp is telling the truth abut growth numbers. Because all data point to economic crash happen and the economy contracted. yet ccp said economy grew in 2023. In other nation you get real data.
yeah and evergrande delivered on all their promised properties *hand jerk motion*
china is A#1 economy, don't do lies
China needs to learn Economics 101.
They will say that Econ101 is vile capitalism.
Good job Emperor Xi.
Welcome to joining the developed world China! US also lost manufacturing and faces ghost malls. Congrats 🎉 you made it, now develop another economy to replace manufacturing like the US did.
USA's "alternative" economy can be resumed into what US State Secretary under Donald Trump said: "We lied, we cheated, we stole".
In the meantime, we are still reading, after every quarter, in Western MSM, headlines like this:
"China economy grows faster than expected in first quarter - BBC·
"Industrial output for the first quarter was up 6.1% compared to the same time last year, " (apnews)
The difference is that the US has a lot more than manufacturing. it's the leader in technology, education, finances, science, etc... and it was a wealthy country way before the manufacturing started leaving the country. The US is still a manufacturing powerhouse, second to China, but produces high value manufacturing instead of cheap, low quality products. China still is a poor country and doesn't have internal consumption, that is why they aren't as resilient as the US when economic downturns happen. China can never rely in itself to boost consumption which is the base for economic growth.
@@robertofernandez7773 The difference is that China has a lot more than manufacturing. it's the leader in technology, education, finances, science, etc... and it was a wealthy country though "lying, cheating, and stealing" (see State Secretary Mike Pompeo), before it was able to become an industrial power. Now the US is aankrupted. The US was a manufacturing powerhouse, now it is second to China, and declines. Their "high value manufacturing", extremely expensive, may be "high tech, but, low quality, and, beside of Tesla, no legacy car company is able to put a reliable EV together. US becomes again poor country relying totally on internal consumption, that is why they aren't as resilient as China when economic downturns happen. USA can never rely in itself to boost consumption which is the base for economic growth.
@hokroeger you can think what you want. the numbers provided by ccp don't mean anything. I have Chinese family, so I clearly can tell they're struggling, their friends are struggling, their neighbors are struggling, their city is struggling, I don't say, they say. A country is prosperous when their citizens are prosperous , not when their government says. Chinese can't find jobs , Americans can, US stocks are growing, Chinese are tanking, US housing market is bad, but Chinese is just horrendous, and there is where Chinese have most of their wealth. Foreign Investment in the US is growing, Investment in China is fleeing, even recognized by the Chinese government. Soooooo, I don't know what to tell you. Americans don't migrate. the Chinese are leaving the country in droves , wonder why. I mean you can think what you want but facts aren't kind on your beliefs.
Some of these mall are being revamped into affordable housing her in US❤
arent ccp said everyone are millionare in china>?
It was obvious that China had not or ever recover from the Pendemic which affected China more than any country because of the culture resistance and vulnerability to the Covid. Almost 2 years shut down of economy sure didn't help.
To be fair, the lockdown worked. They did contain the disease and achieved a very impressively low death rate. They just had to destroy their economy and act with utter disregard for the rights of their citizens to do so. Few other governments were willing to go to such lengths.
And that is what an economic downturn can do. It can destroy whole cities. Doing long term damage that is even felt thirty years later...
What goes up, goes down, and it seems China found the down.
So what is the solution? Is there even one?
Lets just say one thing... the worst is yet to come.
This is the future ...
WRONG.
This is NOW.
As an older person will someone please tell these young people not to quit a job until you are sure that they have a new one. I am retired and have key so many jobs that I hated because it paid the bills.
Ah yes, you certainly had to work 12 hours per day plus another 2-4 hours overhour for bellow minimum wage in Ch!na. Thus you can relate to what people are experiencing there...
As a smarter person I can tell you they don't have job shortage problems. The problem is their jobs don't cover their bills, and they using your entire life to work ruins the point of living itself. And your inability to do work that you don't have instead of a job you hate isn't proof that you "have" to do something, it just means you failed.
China needs more tofu dreg buildings to stimulate the economy, kidding aside, why don’t you try to change the political system, maybe the grass is greener on the other side 🧐.
Rise up People of China
It seems that the Chinese people who are now living in the USA are multi-millionaires. Why?
OOFconomy OOFing more and more!
The system sucks!
My Indian friend Arulselvam still has faith in China. Because in Guangzhou, he rooms in with his Shenzen girlfriend Yixie.
No job = no income = no spending = recession. ❤❤
That is USA. Only printed money left.
@@johntang4108 USA ain't the topic of this video. China is.
@@rebelfighter5249 China GDP is 5.3% while USA is only 2.7% in March quarter 2024. Who is likely to be in recession?
The SHCOMP has basically gone nowhere in 13 years. The S&P is 5 times higher. The TMI about 5 times too.
How about doing a story on where people are shopping and how they are suppling their needs
10 social credit points added
@@KanishQQuotes hahaha! damn you beat me to it!
@@juups86 10 social points forfietted
looks like the situation in the UK
@ Leoandxin, exactly, and the same happening around the world, because this current age and system are coming to an end, - next the believers in Jesus Christ will be taken from the earth, and not face Gods Judgements that will come once the true Church has gone. Then the whole world ( unbelievers) will enter the last 7 years - 🤡Tribulation period ( book of Revelation) before the real King of Kings returns to earth to rule and reign as the rightful King to the Throne. All those that call upon the name of the Lord Jesus Christ will be saved - Romans 10:9
Looks like most big cities in the USA, empty.
Sad that the people take the fallout from "the cultural revolution", and the "capitalism experiment", that was never "capitalism"(not to say that 'capitalism', left to grow like cancer, as in USA, is a good thing..), but Pooh's "road" seems to be leading to a dead end.
A bit like the great Saudi linear city...
Failing economy, china paying for it's bad karma.
no sound??? video
Who will be the Chinese Dan Bell making local "dead mall series" videos on the matter ?
😆....the amount of times I heard "milk tea". That must be like gold to Chinese people.
Nice
The atrocious way the economy is going for China now, the Chinese there will be forced to:
1. Grow/Developed their own genuine & safe (not fake & dangerous) food + products for domestic consumption drastically. Import demands + foreign investments are barely non-existent anymore.
2. Barder-trade products for food. Impossible to barter with banks (to pay off housing/business debts), but bartering may have a (temporary) comeback to solve the lack of income/revenue problem. Most of the middle & lower class people has dwindling to no cash at hand to pay for food/essentials.
China growing their own safe food is possible but unaffordable given how polluted most of China's soil is, and the immense cost of restoring it back to healthy soil. Most Chinese people are familiar with bartering but it's a dumb idea for cities when the real estate is worth more than whatever goods they'd be using to trade.
China is likely going to be dependent on food imports and raiding the high seas for at least another century.
Why?
Why what?
Because if you speak to ordinary Chinese people, which I do as I teach online, many of them haven’t got a clue what’s really going on. A lot is hidden from them and they just parrot the party line which they’ve been fed since birth. When the economy was doing well, they were encouraged to spend, spend, spend. In truth many lived way beyond their means. At the time I likened them to young kids rampaging in a sweet shop. Now, of course, they have to pay the price for, what in truth was often, sheer greed. They don’t understand what’s happened because they’ve grown up with the idea that their government knows best, has their best interests at heart and will look after them. It must be a bitter pill to swallow …
People need to go to China and experience the country for themselves. It's a fascinating place.
@ alvinyong, it’s the last place on earth I would want to visit, totally messed up by a Godless p, evil ideology- Communism
If China is a depression FXI shouldn't bottom and go to $28.
The rich get richer and the poor poorer
No different than America. Most are buying online. Only stores busy is grocery.
😢
Oh well.
Travel Bloggers and Influencers still travels in china and shows the opposite what they whow here. Streets are crowded and people consuming as always....
So who is right?
Ah, yes, eating fake foods and walking around beijing which is the only city with "somewhat" buzzling movement while every other city like shenzen is downright screwed and hong kong is slowly becoming a ghost city. I wouldnt trust those so called "travel bloggers" most of them are ccp shills.
From South to North, Large Malls Across USA Are Desolate; The Physical Economy Is Beyond Saving
Nope. China's economy is shrinking, while America's continues to grow. The CCP is lying about economic growth and there's plenty of proof. If China has a healthy economy, explain mass unemployment and civil servants across the country taking significant pay cuts.
+10 credit score added to your name.
But this is about China
@@i-eat-you Yes, it is "ChinaBad" propaganda telling lies about China in the aim to get attention off the failure of Western economies, and the fact that far more malls are empty in the USA as in China.
"Pages in category "Abandoned shopping malls in the United States" (Wikipedia)
@@juups86 "Ad Hominem fallacy": when someone attacks the messenger, instead of trying to refute the message. A fallacy often used by low IQ commentators, when they realize they have been caught in a nonsense. Example:
"+10 credit score added to your name."
#Race2Bottom; sounds silly yet even still "Winter is coming"
So what? It's not only in China with economy hardship. Some other parts of the world even worse
Of course, but to be comfortable about your poor performance just because others are doing worse is a looser state of mind that will not allow to fix the problem. That is why it is paramount to be critical with yourself (as a country) so you can be better and fix the problem. China is particularly bad at being auto critical and that is why this crisis keeps getting worse. China miscalculated its reliance on other countries, they became aggressive, thinking something they were not and they are paying the consequences.
@@robertofernandez7773the Chinese fked this up, corruption is rife. Suppression of thought too. You can't grow when people are scared to think.
So we ignore the problem? Dumb arguement coming from dumb person
OMG
Sandton
等等，我刚从超市回来，我在超市排队付款时候看到的都是机器人吗？
10 social credit points added
@@KanishQQuotes对对对，中国人说和你们相背的话都是机器人/被中共收买，但不说话就是没有言论自由……说到底只是想我们说你们想听的是不？…
I see more and more Chinese people in my City in Germany - i believe they all leave china to come here O.o
You should mot bite the hand that feeds you
Our trade and tech lifted them out of poverty, and this is how they repay us
@@JohnJaneson2449 so true we created a evil goverment
listening to china recession videos sounds exactly like the single mom videos. people like getting out over their skis.
Then who are those Chinese that I see all over Europe?
the upper class probably
there are 1.4 billion Chinese 2% of them is still 28 million people
Many runaways who try to escape the oppression
People who have already left in order to work and raise their kids in a friendly, liberal and wealthy environment
"During the (plan)demic and after the (plan)demic..."
is this for real? are we looking at some form of propaganda or AI drivvle?
Wow, graffiti in english!
Buy silver
The shops are closed because everybody is buying or ordering their needs online...😂
True there is not much need for physical store, many people buy stuff online.
Wrong again. Online sales are down, too.
Once vibrant city districts becoming desolate ghost towns
おごる平家 は 久 しから ず.
"It's the economy, stupid"
Beautiful mall
It's been bugging me for weeks now that Grangzhou is incorectly pronounced every time it is mentioned on this channel. It's defeinetly a 'j' sound like GuangJo in madarin. Maybe this a mistake or maybe this channel is using the Cantonese pronunciation or something and I am wrong. Anyone shed some light. I lived in China for a long time but I admit my mandarin is not good so if anyone else has a more informed opioion that would be cool.
You can't have a decrease of -175% For more than one reason.
Another day, another load of bollox.
+10 credit score added to your name.
Daily self fantasy channel.
:
Your shows have gotten boring as all you now cover is money.
I doubt it is that easy to get new headlines in china, hell if you get outed there about leaking information out of country you will be in prison for a long time. Espionage laws are a b*tch to work around. lol
Similar views in Downtown LA, NY and many other deteriorating US cities.
Thanks to the Democrats!
Not desolate enough as the CCP are still in power
Please remove trade restriction on china import and export, the chinese are already that poor. Mercy please🤣
Whahah winnie the pooh xi jhing ping economy in the finest hahahah
OMG