No Orders! Factories Close en Masse, Industrial Parks Demolished One by One, Shenzhen Turns to Ruins
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- เผยแพร่เมื่อ 1 ต.ค. 2024
- This is an old industrial area in Longgang, Shenzhen. Many factories here have been demolished and turned into ruins due to the "industrial building" movement led by the Shenzhen authorities. Some factories are still standing but are empty, with big demolition signs on their walls, indicating they will soon face the same fate.
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This is what happens when you cheapen your quality of goods more and more over the years.
This has nothing to do with quality. This is due to the US derisking.
The overt reason is to build upwards... to replace outdated short industrial buildings with new high rise industrial buildings. Maybe the older buildings were falling apart? I have a feeling it's more like "building for the sake of", without proper due diligence. Maybe the desire for more industrial floorspace, but cheaper space, is to attract local entrepeneurs to replace risk-averse western companies who are leaving. So, it's possible that both of you have part of the reasoning. "Prestige project" may be another reason - local politics.
Plus being an aggressive illegitimate global player.
China is Thoroughly despicable. And the world is finally realizing it more
@@ryanreedgibson10 to 15 years ago china started denying renewal of operating licences to foreign owned businesses, figuring it would decrease competition foe communist owned businesses and the communist could but the franchises, infrastructure and equipment for pennies in the dollar and they frequently did only to run businesses into the ground with shady business practices, cilut staff, half salaries, demand kickbacks from suppliers, selling defective or expired merchandise. They arrested anyone doing due diligence as a spy, most of these people were chinese citizens, it was simply communist party members protecting their corruption and shady business practices. Mostly it was companies being forced out when it was good, new people realizing the risks and not investing in realizing it would just be stolen. China has a dishonest reputation for tofu products.
There is a reason that factories are one story. Perhaps in China it's different...but doubtful.
These idiots have a 24 story pork farm/ slaughterhouse.
In about 198X to 200X Chinese labor and land was incredibly cheap because the workers were massively underpaid in comparison to US and Europe. Therefore the cheap manufacturing shifted into China. That lead to areas becoming more industrialized so more hi-tech manufacturing also shifted there - the costs have risen but so did the advantages.
So. the costs of living and that of land has risen enough that low-cost low-complexity manufacturing (like textiles, toys, simple plastic junk, etc) is not profitable in China. Other Asian countries like Malaysia, India and Bangladesh are doing what China did 30 years ago becoming the new China for low-cost manufacturing.
China is supposed to be now transitioning to high-cost high-complexity manufacturing like electronics - which it kinda did for the last decade or two. This is because US and Europe slowly lost their production infrastructure and even if the cost difference in not as large as it was, the only place where all the infrastructure is in place was in China even a decade ago.
However unpredictable, harsh and pointless policies leading to industry-devastating effects, wolf-warrior diplomacy and the looming war is frightening for companies who do not want to lose their manufacturing capacity overnight as it happened in 2020 in China for example. They are trying to diversify and move out.
Which means India and co are quickly industrializing and developing infrastructure that should in future rival Chinese one.
This combined with the effects of mentioned policies mean that while the cost of living is still high, the competitive advantages China once had are now moot.
In other words they think they are transitioning to high-complexity manufacturing but instead while low-tech is leaving China quickly because it is not competitive anymore, high-tech is not replacing it and instead is also slowly leaving.
But censorship, lies, faked statistics and CCP mismanagement obscures the problem - they think they are growing and bet on it while in reality this is not so - thus their bets are doomed to fail taking economy down even further.
In terms of buildings this translates to: very low cost land means building single-story buildings is viable and manufacturing in said buildings is cheap. But land prices has risen so it should be viable enough to build higher buildings. But it is not actually viable and the buildings are vacant.
No money T_T
No Order
Number 1
This what happens when you have idiots for industrial planners! They try to be innovative but only design buildings that aren’t practical and don’t meet the needs of the buyer or lease holders
They're not idiots, they're incentive driven. It's bad for the country and the people. But it's very good for the one making the decisions.
Communists
This is like a gambler losing money in the casino, and instead of leaving, he just keeps trying to win his money back .... then he's completely broke.
Who is going to buy, what ever crap they make?
Well, their tech kit seems to sell quite well.
How much of your kit is Chinese?
You bought it.
@@t1n4444yes various TVs and cell phones were made in China over the last several years. However you're going to see a big change over the next decade
Exactly right Ken. Chinese products are shoddy quality. Better off buying from honest countries who can produce good quality (NOT CHINA)
They don't care if anyone is going to buy it. They get their rewards long before the building is done. What happens after is irrelevant to the people deciding what to build.
@@nicholasrockall7308
Another idiotic comment 😂😂😂😂
Who built your phone, charger, router, laptop or printer or perhaps your toaster?
Are you all stupid in your village?
What a waste of concrete.
They need the real concrete from the factories, to finish building the tofu dregs. Remember, one cubic meter of real concrete makes 20* cubic meters of tofu dregs concrete. *I might be optimistic with this estimate
China produced more concrete in one year than the entire West in the 20th century.
Oh, and concrete is 3rd biggest source of CO2.
Concrete is made from cement, but the Chinese use styrofoam and sand. So, no great loss :)
It seems the Chinese culture is in a bad habit of constantly building new buildings. It is a way to keep people employed, but such a waste of time and money. Great looking new structures, and they are tearing them down.
Shoddy tofu-dreg construction. Never know when they will collapse.
You can make it look like you are super productive by borrowing money to pay people to dig holes then fill them up again.
China was a primitive country and lots of infrastructure was needed but now they have high speed railstations in the middle of rice fields and their high speed rail is losing TRILLIONS a year. But officials look good and they can demand kickbacks from all the contractors who are encouraged or even required to do it so cheaply it will fall apart quickly.
why not telling the truth those factories of (Europeans and Americans) are foreign companies who violated Chinese laws on environment and workers rights? why not telling the truth that those factories are very old and obsoletes as far as 1980s? black propaganda and disinformation again? those demolished factories are replace by Chinese government with a brand new, futuristic, environment friendly and fully automated factories powered by 5G\ 6G network, I've been toured in Guangdong's manufacturing park as a big as Taiwan island demolishing old and outdated structures left out by foreign companies that refused to go futuristic and environment friendly
@@averybaumann China's infrastructures mostly build for the next generation of Chinese
Chinese state owned factories are fully automated by machines and computers with just few interventions by human touch, state owned factory workers has the full benefits from government as workers, only Americans and Europeans who treat Chinese workers as slaves and eternal prisons, that is why China are kicking out those western companies for violating Chinese environmental laws, not paying the right taxes and violations of Chinese workers rights like the FoxConn and Samsung
Confucius says we r foked ☹️
Fuc**d😂😂😂😂
Confucius: " I never said all that $ hit" lol!
@@averybaumann Emperor Xi, "Confucius was a CIA agent".
Crazy stuff, A demolish and renew program for what purpose; image? Aggrandisement? Efficiency....certainly not! Just doing it for 'sense of worth' and individual cadres promotion and importance.
Makes no sense !
And the CCP tells the chinese people that it is all the fault of Western countries.😂😂😂😂
Well, some of it
Victory to Taiwan, India, HK, Philippines, Tibet 👍👍👍
🇵🇭🥹🥹🥹😶🌫️🫢🫠🇵🇭❤️💪
It looks like both demolishing existing buildings and building new high-rise commercial buildings leads to government officials receiving kickbacks and possibly promotions. Why wouldn’t they move forward with these plans?
Arctic Catfish Shenzhen Zhong Gengci laughs
They’ll build shoddy apartment blocks nobody wants!!!!😂😂😂😂
Becuase they cant afford it and when they can they find out its tofu
AI 5G Building Expertise
The surplus of 'industrial' space is OK: BYD, Xiaomi, etc., can use the extra floorspace to store the overproduction they will never be able to sell overseas!
Local politicians are still operating as if the one-child policy never happened, the CCP population is sky-rocketing, and demand will be never-ceasing. The CCP has numerous ghost-cities with no one inhabiting all the housing built because of that same fever-dream, and now it will have thousands of ghost-industrial parks to employ those nonexistent inhabitants.
Who's going to pay for new building's when most have already moved countries. Let alone who's paying and building these buildings. This is just a sad waste of money to save face
Exactly right mate. But I say 'Who cares?'
Chinese logic: solve the excess factory space issue by building even larger, emptier and less practical high-rise industrial complexes.
Factories need proper ventilation and other types of environmental conditions.Depending what are the types of companies and the chances of accidents that can occur in an industrial setting.Evacuation plans in case of trouble like fire or fumes.Chinese might think they will have their workers living on site like with dormitories, but that can cause problems as well. I think these are just "make work" schemes to occupy labor and to squeeze out money from real estate deals.Building "up not out" to pack in people is a plan that sounds good until you start to think about it rationally.
Yeah sorry the Golden Phoenix isn't coming to every industrial area in China because there isn't the market for it.
And that whole industrial-residential thing? I mean I guess if you're going to treat the workers like slave laborers that have to live where they work. There's a reason why in most countries there's a separation of industry from living spaces. Noise, pollution, toxic chemicals, dust, etc...........
No other country needs to worry about China in the long run because they're killing themselves with all their ideas. When you see large movement of manufacturing out of China, you're going to say that the reason why companies are leaving that area is because of SPACE?? This is once again the govt. trying to squeeze every last penny they can from land transfers to fund the local govts., but it's not going to accomplish much even if some manufacturing moves into these places. The only thing it REALLY means is that manufacturing moved from somewhere else in China but they're still going to have the same issues, a lot of the West wants companies to manufacture outside of China so there is truly GLOBALIZATION instead of Chinaization.
Well said mate :)
They really are working hard to destroy any economic recovery
3:30 does China not have the idiom, "one bird in hand is better than two in bush?"
They ate all the birds already😂
Same fate awaits BRI projects concevied by the Jinx..reversed.. Xi Jing😂😂😂😂😂
What happened to the chinese feng shui.
It’s too bad that these demolished zones can’t be turned back into farmland to feed the people.
That's a good idea, however the ground would most likely be to toxic for agriculture. Maybe?
Their farmland is mostly doomed
Let's knock down the buildings, call them 3d building and then rebuild them, yeah that makes sense!
Saying the industrial buildings will be replaced with a lot better option sounds like a lie because in a country where there's no work and and no money how the hell are you building better factors bigger factories for stuff that's not needed
Removing excess factory space makes sense. Both in shot terms of tending to vacant buildings and longer term. The remaining structures have a chance of making decent returns when there’s not whole city blocks sitting empty. Supply and demand. Building these industrial buildings is a mistake. There’s no need for them. Heavy industry can’t use them. Manufacturers with high demand for handling parts and materials won’t use those spaces. Office workers won’t want to sit on top of building-shaking industrial machinery.
Communists do not know anything about supply and demand. They think capitalism is just evil black magic.
Who is gonna tell Xi nobody is going to move in?
Good luck on high raise industrial building!😁
bringing down those factories is a foolish move as they need those to rebuild the economy.
seriously. bring down the stupid party or be poor for decades.
CCP- Confused China Party 😂😂😂
CCP: Corrupt Criminal Pirates
why not telling the truth those factories of (Europeans and Americans) are foreign companies who violated Chinese laws on environment and workers rights? why not telling the truth that those factories are very old and obsoletes as far as 1980s? black propaganda and disinformation again? those demolished factories are replace by Chinese government with a brand new, futuristic, environment friendly and fully automated factories powered by 5G\ 6G network, I've been toured in Guangdong's manufacturing park as a big as Taiwan island demolishing old and outdated structures left out by foreign companies that refused to go futuristic and environment friendly
Go back to rice farming no need for industry 🇨🇳
The Great CCP Dragon 😂
Vibrating machining can cause safety issue ? Of course..if you place it in tofu dreg building typical of China
Truly a pity, All that earth work has destroyed the soil you can never grow food in these areas ever again.
why worry grow foods their when it is an industrial park, China has a agricultural farm and food plantations area which are 100x greater than the space of industrial park for food productions, they even extended and turn deserts into green farms and plantations
Yea who cares it’s China 🇨🇳
A couple floors goes to the Chinese Government!!!....no way!!
RIP Tropicana Hotel & Casino, too, which also is the end of an era, in fabulous Las Vegas.
And the Mirage real soon too.
Built in 1957? Yes, it’s time to go to make room for new ones….baseball stadium and another huge project. You see the new “sphere?”
Tofu-dreg industrial buildings. What could go wrong??
At least they won’t take much to knock down 😂 tofu for u.
why tho. seems like such a waste. esp given the grade of bldgs (tofu) ....
When Hong Kong became the intermediary between West and Red China its fortunes soared. Shenzhen then became important as the Red Chinese end of the HK wormhole. I suppose much of the businesses were owned by HK people. As HK has been more incorporated into China, Shenzhen has lost its role.
overpopulation on china. jobless has a problem too.
Bye bye. Viet Nam time
Factory closures have become gritty realism that many Chinese firms have to confront amid waning domesic and global demand. As factories are shuttered, thousands of workers will be either furloughed or sacked.
Same mistakes of poor Chinese planning with sub par Chinese engineering
Why demolish it just leave it for a couple of months and it'll fall down by itself, made in China 🤣🤣🤣
Time to start farming and ranching...Everyone needs to eat
All this oversupply , demolish factories , instead of converting to homes ?
Who will move back ?
Factories have to be designed with an industry in mind .
Convert to homes!? Lol! They already have half a billion empty units.
@@Confessor555 LOL I know , maybe these could be affordable ? As in almost free :-) Pay small rent ?
The air in China must be full of dust
Putting the cart before the horse ! Makes no rational business sense; building it by govt edict !
@@scottgordon1781 Yes, it's a good idea. However, I reckon they prefer that people take out loans to buy new homes instead, they're already giving people a hard time for not purchasing a new home. It's all about greed.
Shut down, shut down, shut down, shut down….
😂 Chy na is screwed, they shouldn't be so racist or we might help
i have been watching this channel for sometime now but has anyone notice that when china release a new policy or program, it usually have a long string of jargon that don't make a lot of sense? like " we are aiming for high lv industrialization", with a "centralizing of headquarter economy". with a more "focus driven modernized development" etc? like wtf does any of them even mean? is that just the Chinese language in general when talking about stuff or it really bs the CCP cooked up. cant they just say the are building more tech based factory in region A or increase food production yield in region B?
Problem is this is like shuffling the deck chairs on the titanic as the saying goes the country has fallen apart economically
China's reaction and action's after the covid outbreak and the fact that people are now totally aware of their horrible construction standards mean that companies are no longer prepared to send their employee's to work there
The time lag for parts supply is also causing problems - I have had a chinese van for two and half years now and it has taken six weeks every time to get even a small part from china
This small delay I put down to the Covid but they are still taking six weeks at a time to deliver parts not good enough
A new development for cyber thief no doubt.
Just who is getting the skim in all this?
so, they will have new industrial parks with no tenants ,ha ha
High quality, Low rent. What a joke.
What a waste!
Chinese products last a few months and break. Cheap production. Toxic parts.
A few months? if it's lasting that long, you must be getting the good stuff :)
Bull doze properties to avoid taxes.
Comrade Xi is busy with bat soup 😂
wont be long before we see good ol rickshaws again
yer, I'd like to see that too :)
💯
CHINESE CLOWN PARTY🤣🤣🤣🤣🤣🤣
The only thing i can see the CCP is trying to do is to consolidate land and infrastructure.
Lots of wasted space for vacant warehouses and factories across industrial parks and large manufacturing cities.
The are trying to pack multiple low impact manufacturing into 1 high rise building.
E.g. garments, chips and other products that does not need any heavy machineries.
They are trying to consolidate different industry for east control.
Also, i think top priority for them is to reclaim land for agriculture.
There are too limited arable land in china especially in the north. And the opening of China during Den xiao ping, civil planners was not able to properly survey lands used for building massive industrial parks.
A lot of their factories and manufacturing hubs re built in flat lands. Suitable for farming. But because of the boom of investments during the 80's to 90's they prioritized building these massive hubs in favor of economic growth.v
Another factor is that, if The CCP plans to invade Taiwan. They know they will be heavily sanctioned by the West just like Russia. They are trying to have a fall back and re starting the massive agriculture capability to sustain its people and army in times of War.
Its a little far off but with these challenging times. Anything can be a possibility.
Maybe this is another wasteful project by the CCP or maybe this is one way for them to reclaim land to be used for farming to maybe sustain their food insecurity and lesse importation or Maybe trying to correct their logistics for a possible war scenario.
Waste
Environmental damage
And piles of debt.
Talk about a botch up, I wonder if the CCP understands the meaning of the word 'mismanagement'
To help China, the USA should ship them the computer program Simcity. Maybe then they will learn how to build good cities.
SimCity? Good Idea.
Wang Bing is not interested...He already covered all this in 2002...
Rust belt China style
I needed a pair of shoes for work so I went to the nurse uniform store and they had a beautiful USA made pair for $100. I walk a lot in my job. I was shocked and decided to pick up a pair at Walmart. I purchased a pair of nice tennis shoes from Walmart for $25. Within a week the skin between my toes started cracking and itching and we're very painful. I soaked my feet in vinegar water and used a triple antibiotic ointment and stopped wearing the shoes. That is the last time I buy a Chinese product! How much did i save?
How can you claim bringing trustworthy news on China, when you are not even getting the pronunciation of any Chinese city or region right? Not one single name was pronounced correctly. That’s so disappointing.
Factories closing down. A long time coming but how much is due to:
Severe overcapacity and supersaturated marketplaces
Government subsidies, kickbacks to ccp officials, mismanagement of operations and funding
Tofu product mentality (the modern Chinese disease) and buyer awareness latterly (outside china)
And many other ills, all of which result from the ccp who only want to rip the people off entirely
Fake news😂
So basically they're doubling down on an old strategy: tear down old structures just to build new structures that will go unused, simply for all that construction activity to pad their GDP.
My ex in-laws rent out bedsits to factory workers in 2019, many left along with factories yet little pinks were saying foreign companies could not function without China. I'm laughing now😂.
It is their own fault because they product Crap THAT WAS JUST POOR QUALITY.
Will this be the next 'Great Leap Forward'...because the first leap was so incredibly successful...and as a direct result, millions of people have died.
All this effort to reomve viable industry leaving nothing planned that will generate income. Empty buildings do not account.
Why does the WHILE factory have to be demolished only to be replaced with other factories...?
Made in China labels are one of the things i look for and will not buy . FINALY i can point at something on the internet and think to myself " i did that ! " . well, i helped it along at least :-)
It is not easy to feed 1,4 billions people. So, they have to divide China into 5-10 smaller countries.
CCP planning is like wetting yourself. It achieves nothing but gives the party nice warm feeling.
Where do they put all the rubbish from the demolition, if they are pulling down factories everywhere?
Just because you build factories, does not imply people will rush to fill them. When in debt, Spend more money!
when you want to rule the world 🤷🏼♂️😂🤣
No matter what local governments or the CCP dose there is no coming back to what should of been chinese people road to wealth. 😢
digging a whole and filling it in; building a building and then demolishing it. both add to GDP, but don’t create value
Good luck upgrading to build brand new buildings for new energy
Man, destroying the only good buildings? Is that wise?
I don’t think the foreign investors will be back any time soon
And in ten years when these tofu dreg buildings are unusable, they will rinse and repeat with whatever the new trend is.
They are replacing brick buildings for straw buildings
Exactly! I wonder how long they'll remain standing.
much better narration compared to the Aussie chick
and climate protesters complain about our countries ironic
Many factories were relocated outside china...what are they going to manufacture when theres no buyer...
They'll probably manufacture even more delusions of grandeur.
This mean more tofu building will be built
this is what happened when you have communism
The new Industrial building bubble.
Another "Great Leap Forward"
Rise up People of China
I DONT trust them
Free free Palestine।
good news
Is there such a thing as 'high end' manufacturing in China?
Most Apple products are made in China
Thank you buddy