China’s Economy Is Nearing Its End, With Only 2 to 3 Years Left. A Massive Collapse Might Occur Soon
ฝัง
- เผยแพร่เมื่อ 28 พ.ค. 2024
- Not long ago, veteran Chinese media figure Hu Wenhui introduced a new concept in an article -- "a historical garbage period." What does it mean? Hu Wenhui said, "History is like a competition, there are inevitably many garbage times. When the general trend is set and the defeat is irreversible, no matter how hard you try, it is just a futile struggle, and you can only try to end it as gracefully as possible." He cited the end of several Chinese dynasties as examples of historical garbage times. In these periods, no one could reverse the demise of the dynasty, no matter how they tried.
#chinaobserver
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Never forget, friends: communism always ends in shared poverty.
Even then, some people are more equal than others.
Communism plus the free market that is
That's not true, Xi and his friends made out like bandits.
Uhmmmm, Here The Officials have all the money and assets,
Poverty Isonly shared by Normal Chinese People
Capitalism = subsistence Socialism = hunger Communism = starvation in a nutshell.
Xi’s common prosperity may have finally arrived, congrats
How dare u say that to our poo
It was a big challenge for him but with passion, dedication and perseverance he has achieved more than was even thought possible.
The CCP lied about leaking the CCP Virus, to avoid any responsibility, To not have to pay damages, They are paying for the leak anyway !!! The CCP are FOOLS, they build up their military to prevent the West from defeating them, BUT the West has already defeated the CCP without firing a single shot !! I grew up during the COLD WAR, the USSR had a HUGE military, but America defeated it by an economic war !!
Also Bidens
I rather stay in China than any where else in the world .
China's period of prosperity, came from foreign investors. The products coming out of China were often substandard, or toxic. Foreign investors got out of China. The decline is inevitable.
Communism works great, when it's bankrolled by capitalism.
#sloprosperity
china's prosperity was powered by western capital which now being divested at the same rate it was being invested :)
Lots of foreign investment flowing into China again. The German auto makers alone are bringing billions in new investments in 2023 alone. Chinese Hightech will be the next growth wave. Due to US sanctions they are now advancing fast in microchips and more. This will eat a big share of markets so far dominated by the US.
not really my friend...
The Chinese played the game of communism long enough to feel the ramifications of it 🤷🏻♂️
China grew so fast, but its demographic dividend closed. It hit a fork in the road... Choice 1: age gracefully and cooperate with the global world order created by the Western powers. Choice 2: challenge the West, embrace conflict, get your way by force even as you age and die. Unfortunately China chose poorly.
Choice 2 MAY work, for a different people. France MIGHT try it and come out OK. Not China.
Umm... I think They Did Not do the second One,
They Chose In Between 1 and 2.
Co-Operate And then Backstab,
But actually They are fighting internally for More and more resources and Common people Suffer again and again.
xi chose poorly, his policies changed the direction of ccp China into what it is now
Well ther demographick is just insane with the data coming out of shanghai academy of sciens the implikations ar that china will expeience somthing even worse then the black death in the midelages in Europ ... and that is just scary ( by 2050 ther will be les than 600milion chines)
Beautiful breakdown. Bravo.
Lie flat CCP, just lie flat.
They have been flat out liars for years.
A mud hut and meager food supplies is probably still better than tofu dreg housing and gutter oil.
Recession is a word the CCP can not accept.
Lol China still growing and anti China sour grape trolls can't accept... Spewing non stop hates on China, i wonder why, did China owed you anything??.. Lol
Eventually it will catch up. And then things will get ugly.
Only American know recession is the thing that is coming. The debt is entangling and the failue of hegemony is inevitably. Poor middle class is gone and the fallen empire is imminent. These are the words that American cannot accept.
it’s the word rich cannot accept because it means loss of power on poor
Communism is a great system.
Until you run out of other people`s money 😁
China hasn't been communist since Mao died. The CCP just kept the name.
You’re an idiot if you think China was actually communist
Please repent! The KINGDOM OF GOD is at hand. Please repent and pray for GOD to forgive you in JESUS name. The devil hates all, including you. Hell is not a party. It is a fiery garbage bin originally created for fallen angels who turned against GOD. Humans who side with the devil and the fallen angels go to the same place. Please turn back to the safety of JESUS CHRIST our LORD AND SAVIOUR. Pray for truth in JESUS name. Pray for salvation in JESUS name. ❤❤❤
🤣😂🤣😂
Capitalism hasn’t done any better…
CCP dystopia is hell
🤣🤣🤣
You know what...??
👇👇👇
China has been on the brink of imminent collapse in every Tuesday for these 5 decades.
🤣🤣🤣
And here... again..
China is on the brink of another one collapse.!!
🤣🤣🤣
What a magic country China is.
it's actually beautiful here ,seems like you're describing the place you're in .
@@Funnydoodoo08 Swee, seems like you are a blind person. I feel pity for your disability :(
@@Funnydoodoo08 +1,000,000 social credit score!!!
Analogy: It takes months to build a house, and one day to burn it down.
In China's case they added reforms to spy laws to make them more draconian, random arrests and hostage diplomacy to keep the foreigners with orders out, foreigners which they can and will convict on the spy laws for even placing orders.
In other words: when the house burns, add lots of fuel.
America is going to learn that soon this year. Our economy is just as fake
Try an hour
It takes less than that for a tofu dreg house
One must first have a house. What about all the people that paid their money just to receive.....well.....nothing?
The grew with warp speed and now they decline with transwarp
It wouldn’t be happening if Xi didn’t think he was smarter than the world. Only governments can have a plan great enough to destroy the world’s largest economies.
Ah I see a man of culture...
You wish
Karma for helping Pol pot
💯 percent. A lot of people don't even know that China funded the Khmer Rouge. Over one billion dollars in 1975 alone. Pure evil!
What is the Karma for stealing?
Huawei 100% home made in China! Same with the space station and the hypersonic weapon!
100% No invention. Just stolen IP. ha.ha. air heads.😢
@@WorldSpaceRace nothing but CCP thieves.
Being robbed?
@@xhagast became miserable
They're all coming to pillage the open doors across the pond...
They're already here. And for quite some time now.
My wife is there now, in a third tier city in the northeast. She says the stores and restaurants are empty. There’s also a lot of virus still circulating.
Rice fields are wide open for employment 🇨🇳
Didn't work well in Cambodia
Lots of government work, if they exile current government.
U mean having a ruler with a 5th grade education isnt working out?
you mean having a ruler that can't finish a sentence in simple English isn't working out ?
😂 he talking about Biden "Who pooped my pants!!!" 😂😂😂
@ricya1982
Nobody is talking about Biden or the USA mate.
@@aBetterWorldTogether No, it's not. But November is coming up fast.
You mean, what you did to manufacturing in rest of the world is happening to you? Sorry not sorry.
The USA never sent its important, heavy, or valuable manufacturing overseas. China makes generic pharmaceuticals only. All cars sold in the USA are made in the USA or Canada or Mexico. China has tried to reverse engineer products but they have no idea how the product decisions were made and so their products tend to be of poor quality.
I agree and disagree with your comment. Companies move to China knowing what China will do. Now they are moving to other 3rd world country to do the same. Both western companies and China are to blame. It is the people who lose at the end.
@@SuperOdyss "Rest of the world" and all you chanting about is USA, is USA the only country outside of China? typical ignorant American
I had the same comment. Only different. Now the chinese know how the Americans felt when their politicians destroyed the economy.
Keep in mind, China can no longer feed herself, by a LOT. Huge amounts of farmland have empty cities on top or have been painted green and destroyed in some other way. Most of the water is polluted so it won't grow good crops either. China's economy goes south, mass starvation to follow in a rapidly becoming not interested in refugees and other people's problems world.
🤣🤣🤣
You know what...??
👇👇👇
China has been on the brink of imminent collapse in every Tuesday for these 5 decades.
🤣🤣🤣
And here... again..
China is on the brink of another one collapse.!!
🤣🤣🤣
What a magic country China is.
Nah. Rice will grow. No problem.
@@onehtereproppper3697 For their sake, hope you're right. Don't think you are. They already need to import a lot of rice.
They should switch to beans. Better crop.
@@AR-rn8ok At least rotate beans to enrich the soil. Then add beans to their rice dishes to get the protein.
You mean communists act like communists ? Who knew ?
Thank you for your excellent reporting. Thank you for informing the world how China is doing.
One does wonder how accurate this stuff is honestly. When one hears the things one does one wonders how the country exists, how did they not accidentally poison everyone sort of deal.
@@Earthboundmike it’s certainly not sanctioned by the CCP. I’d believe this than a rosy story crafted by little pinks.
For me, I honestly Don't Get Why Is Manufacturing Fake Eggs Easier than Real Eggs? Did They Eat All the Hens And ducks?
@@Earthboundmikeive Been in China several times. Last time was 3-4 months ago . I feel this channel is somewhat overexaggerating . But it indeed was noticeable that the luxury stores was quite empty of customers. And business is indeed slowing down . So the is some truth , but this channel like to shows the worst examples and gather them to into 1 video. I guess we could find similar examples in many other countries.
@@shanonttbh, theirs a lot of similar things happening in America as well, and they’re honest about it. It often feels like I’m looking right into a mirror. If it’s one incredible thing China does better than any country I know, it’s that it makes the outside look incredibly beautiful and shiny so you’re blinded by the polished society, while at the same time, everything is breaking down and crumbling on the inside, often omitted by communism. I know of no other country that does this better than China. This is why they despise any videos made on them and crack down hard on anyone tarnishing their image and brand. I’m actually astonished they even let the locals video record at all.
How can grocery stores close down? Everyone needs to eat. Even if you lose your house and live on the street, you still need to eat.
They are buying straight from the source.
“The land will provide.”
@@seraph3761 In rural areas, sure. But in the city?
They go to traditional wet markets where foodstuffs are sold by aunties. Everything is cheaper there.
Please repent! The KINGDOM OF GOD is at hand. Please repent and pray for GOD to forgive you in JESUS name. The devil hates all, including you. Hell is not a party. It is a fiery garbage bin originally created for fallen angels who turned against GOD. Humans who side with the devil and the fallen angels go to the same place. Please turn back to the safety of JESUS CHRIST our LORD AND SAVIOUR. Pray for truth in JESUS name. Pray for salvation in JESUS name. ❤❤❤
Every sector decreased by 20 to 60 percent but China growing by 5 percent 😂😂😂 what a blatant lie
Statistics with Chinese characteristics.
This channel is hilarious.
I come back occasionally just to see how pathetic it's subscribers' comments are 😂
@@darthvadeth6290 🤡🤡
they*
Anyone believing and swallowing the CCP numbers game they're running that the economy grew by 5 percent is pathetic.
A number of things happened to China`s economy and where it is today they were not inevitable but happened they did.
Having lock downs for COVID was not a natural occurrence . The virus "Might" have been a natural "happening" and inevitable but the reaction by the CCP was all man made.When China took itself out of the world`s supply chain it started a domino effect that should have been realized what the results would be..Apparently, the CCP thought their reaction was a wise one. They thought wrong.
Another thing they might have thought wrong was how important the Chinese economy was to the rest of the world and that their political, foreign policy decisions would not matter or that other countries would have no choice but to accept the CCP`s moves, because China was too big to be ignored.
Greed is a human condition and affects all races/societies and it has an effect on all social/financial economies (inflation,recession). I guess human nature is going to take place so this might be naturally occurring (real estate bubbles is one result) where it can cloud people`s judgements.
Very well said.
There’s an ICBC branch just a couple blocks from my house, and just waiting for the day to see it close for good and get the heck out of my neighborhood!
welcome to 2008 china
More like 1950
1929
No one feels bad for them. Get out of disputed waters!!!!!
No, It's Just Those People Have to Grow a Spine,
If They themselves Cannot Care about themselves, No one Will Care about them,
Respect Is only earned If You Respect yourself first,
They Have no Fire in them.
Stop raping the oceans. It is not sustainable.
@@rishavsingh747 3 billion people and not 10000 will stand up to their govt. A joke.
When the people cannot be fed, unrest will grow into revolution.
China needs to wake up.
Real estate lesson; Never invest in a property that is not yet built. Greed has ruined China. Very sad.
There is a scientific meaning behind the expression "lying flat": it's preservation of calories.
Obtaining calories requires spending existing calories, and if one cannot obtain sufficient number of new calories it makes more sense
to preserve already existing calories.
No, This Lying Flat here Means, Eat and Wait for Death in old age.
Interesting! I hadn't realised that was the etymology of the phrase.
Pride goeth before destruction, and an haughty spirit before a fall.
Proverbs 16:18
This is just like any other country or economy in a bursted bubble. Everyone is able to make money easily in a boom situation.
Easy to fix. Shift war spending to economic development. Stop helping Russian invasions and stop talking about Taiwan invasions. Go back on the path of globalization and cooperation with USA and Europe, that Russian influence campaigns have tried to break up for years.
@@AR-rn8okExactly. That's what China has to do, cooperate with the USA and Europe otherwise it's a garbage historical period for all except Putin and his cronies that he favors, and of course the rich.
They have left the cities and go back to rural lands. People move to the city for work, if there is no work why bother?
Well, if China didn’t make poor quality products for the past decades then this would have of not happened. People will always come back for good products and services, however people will not come back for poor products and services. People comeback to eat at a good restaurant, but will not for a bad restaurant, right?
This is ignorance
@@user-nu2vc9mp5j its not ignorance ,chineese products come to europian market only through control and testing for safety ,many chineese things just in my country were sent back or destroyed for not alligning with public health and safety regulations ,for example lead in paint on toys for kids ,toxic chemicals in coloring on clothes etc.
Arogance AND stupidity of the government plus poor quality products!
Excellent update. Garbage period sums it up. 18:44 Seems like entire world needs a reset.
Excellent update on lies and fake news, this channel should be locked up! It's a crime to spread misinformations! But America wastern media is full of craps.. Full of fooos... Govt funded lying channel! Worst than Indian TV
@@WorldSpaceRace Go tell Xinnie the Pooh you did you best but we all know you're just a Little Pink shilling for the CCP.
One billion people and empty streets is bad.
Where did everyone go? Dying inside their house?
@koanstarr9393 Maybe they were sent to gulags.
You dont see stret dogs in China ??
Becous Chinese has eat them😂😂
@ragnarandersson2866 Ah sure they were doing that anyway
they're on their way to USA
Interesting , Thank You . Sad for the People
I hope i can hear the bang
They have hundreds of ghost cities vacant and crumbling. That's a lot of people down the drain, so it's just a matter of time before things go south.
this is probably gonna be way worse than Japan's bubble
I see one huge, humongous Venezuela brewing.
You have good vision!!!
This is a country that's literally too big to fail but it's failing anyway, and Xi Jinping and the CCP are the ones responsible.
The higher you climb the harder you fall.
My goodness these percentage drops are massive.Its mind boggling.Each one of these videos are 20 straight minutes of woe
Well, China needs ot understand it is not a world power and not a first world country. They need to go slower and build infrastructure that is durable. The problem is China is not rich enough to build a first class infrastructure so it has cut corners. The people of China are discouraged and do not see a promising future. That enthusiasm for the future is what China needs, of course this would mean removing the CCP from the society, not likely to happen.
Oh stop it, you’re hurting the feelings of wumaos
This is true. Turns out their prices were too low even for the sellers
China has the most advanced AI Robots..
@@gavinlew8273 yeah tell your robots to do something about your declining GDP. 🤣🤣
@@Abdulbudolbahoglubot I'm not from China, but their robotics are quite impressive th-cam.com/video/e5JKqVrHrUw/w-d-xo.html
Winnie the Pooh did not listen when he was taking economics classes in school!😅😅
Sorry to hear what is happening in china. May God mercy to the people
"No nation is an island."
The term limits are realy important even the best leaders have their blind spots and loose their edge. After about a decade there should be a change of leadership to keep any organization healthy.
How is Making Fake Eggs Easier Than Real Eggs? did they Eat all the Hens and Ducks?
Fake hens and ducks..
"Garbage time" code for "Depression".
Foxconn is a Taiwanese corporation. Ah sorry, province of Taipei, Formosa 😂 The CCP is just poor at business, period. Foxconn probably has moved most of it's electronics manufacturing to Vietnam by now
If Winnie-the-Pooh decides to invade Taiwan he may find out he has a military with tofu-dreg military weapons and equipment!
Zero Covid-19 policy really do the country in to a point of unsalvagable.
Where are all the people gone do I have to ask that question they all want the Mexico to the US
It's amazing how much CCP media keeps them all oblivious to reality
CCP( China Common Poverty)
PROSPERITY :D
Home run chipperson
What an interesting and excellent reporting.
We are at the saturation point… not too little production, but too much…and no one to buy.
There's an economist that said just that on TH-cam. Agriculture, manufacturing, but no services ...China did not transition bc that's who buys in advanced economies...no local consumer consumption
I would love to read all the sources for your videos, good practice for my Chinese :) I have been out of the scene for 10 or so years, it is really interesting to see how much has changed.
Australia is abolishing the “gold visa” that enabled many rich Chinese citizens to buy a permanent residency and citizenship. The Australian people born in Australia are revolting and don’t want to live in tents because wealthy Chinese buy many houses to invest money. 💴 the Chinese face the same problem in Canada,new Zealand England and USA very soon. Chinese collapse is inevitable
The east coast lower mainland in B.C. now belongs to Chinese foreign investors; and it's too costly to live there; I moved to the Maritimes (east coast) and bought a house for cash, that cash wouldn't even qualify as a downpayment in Vancouver. Now Hongcouver.
Xi's plan is to capture the USA for itself: use and abuse the natural resources, manage a foreign coup d'etat and leave China behind. Pathetic.
Good to hear that
As a boy I saw China's 10% annual growth and wondered where that would end? The economists on TV were gushing about it but I understood if that continued forever China would need to have every thing in the world, impossible! At some point the growth would become unsustainable and there would need to be either a reduction in growth or a savage recession. Xi not understanding markets, economics or human behavior has selected the savage recession.
Maybe major cities like Beijing and Shanghai looks like it's busy and thriving but outside of that ?
In the 1960's all of us kids bought cheap toys that were labeled "made in Japan". It brought in much-needed revenue to Japan, and the Japanese were able to build their economy into something that provided for its people. I suspect the Chinese could sell more overseas, but not until their government allows more freedom for the businesses. According to a Chinese poster the Chinese people are too afraid to speak to foreigners at this time, and so she said that she would no longer be posting on forums
Great!
I'm not an economest, but I do understand an economy is all about transferring resources from a source with resources to spare to a weaker source that needs more than it has. Basically a healthy balance of give and take.
Balance is 50% / 50%, China seems to be 80% take to 20% give. Resources hoarded are dead useless resources.
China has to carry out in its chosen path so far is to borrow more and invest without considering the total trillion dollars deficit
Then when all the things come to the previous level then only it can gradually slow down its borrowing.
Only the rich and connected can survive in such an environment.
Pooh has lots of honey stored in the jar ready for starvation he said!😅
Well you know from the A. A. Milne children's books and the Walt Disney cartoons that Pooh gets to keep the honey.
China would trive if the rent wasnt so harsh for businesses, they know they are facing hard times and they are making it worst by being greedy
There is huge demand for gutter oil and fake chicken 😂😂😂
It reminds me of classic stories like Shakespeare's where the king asks the fortune teller what will his future hold... Your policy will set the future of China for the next 100 years ... But it omitted the fact that the policies will do this by initializing Chinas decline
CHINA IN 2024: THERE'S NO MONEY TO BE MADE EVERYWHERE!!
Ah, that is the joke, THERE NEVER WAS!!! Tessla invested in China just to have them steal his tech and squeeze him out of the market. The Chinese economy boomed as he built his factories and competing Chinese factories were built. Now both are underused, the money is spent, price wars rage, debts scream to be paid and the whole house of cards begins to crumble.
As a Filipino my whole life I have seen how resilient the Chinese are. They will overcome this, unfortunately. Ccp has declared itself contemptous of the Filipino.
I don't really understand why Asians are supportive of the ccp and china. China is just an out of control bully that got it's first smack down. The US went through this with Japan and the British. We all know how this movie ends but most Asians have never seen this movie.
We know that China is in decline in multiple of ways, but inflation is ROCKING the entire world economy's across the world....
"a crust of bread and a corner to sleep in"- Paul Lawrence Dunbar.
This is my mentality regardless of how well I am doing at any given time. This enables me to spend wisely, save often, and keep my debt under control.
1.6 trillion may be a staggering fiscal debt, but I bet it’s more.
Ooh…uh oh. There’s something that happens when you run out of cash, Russia’s been finding this out the hard way. Essential upkeep goes way down, you don’t have the money for expensive parts, etc. Why does this matter? Off the top of my head, I can think of one thing where it really matters, besides basics like maintenance of highways and railways, and that’s maintenance of dams. China has thousands of dams, and one really big one-the 3 Gorges Dam. If the ccp is on the way out, will they care if there is loss of human life? They haven’t cared so far, but let’s hope it’s not the case with maintaining the 3GD, because it will be apocalyptic if they don’t. 😬
This is a symptom of a much larger problem.
China sought to do in less than 40 years what it took the United States to accomplish in over a century and a half or more. To expect that experiment to be painless in the long run was more than ambitious. Some mistakes had to be made when you aimed for the skies. Overinvestment in infrastructure and real estate. Defense expenditures to support the ambitious goals, and overambitious territorial aspirations to project an exaggerated political power too did not help. It should not be surprising that the experience for the common Chinese citizens over the past 40 years has been exhausting and exasperating. China will recover, but I don't think we know how it will look after the recovery.
Impressed with the cleanliness and infrastructure.
empty malls are not significant. Malls are not a good business model. Retail business is also a tough sell, not a good business model because it doesn't add value. Showing abandoned retail is irrelevant. Manufacturing is very relevant, but not video-friendly. Real Estate development is also a paper tiger - worse than retail by multitudes and continues to be a ponzi scheme. High speed rail is a white elephant, sucking up scarce cash. I'll know when China cannot function when China's high speed rail stops. For the individual netizen, it best to go back to farming in a remote area.
Damn!....they in trouble....... !
holy shit china's banking sector is cooked.
We keep on hearing this when?
I don't normally comment, but this time, I feel compelled to. In the beginning of the video, when that lady asked 'Where is everyone,' I suddenly got a really bad feeling. When I realized why, I felt so sick, I nearly threw up. So many Chinese people have died in China due to Coronavirus, man-made disasters, as well as natural disasters made far worse by the ccp's errors and blatant carelessness that 'where is everyone' is becoming the more posed of questions. I have a sneaking feeling the Chinese population has dipped below 500 million...
if the ccp ever disappears, i hope they release the actual numbers on everything
Wow!
@@Cryosxify then CHINA IS DONE lol
I will say even in America we have decades of debt for a home.. that sounds pretty common... lifes a ditch ,ya dig
No matter how tough people still need to eat. So to find the wet market empty makes no sense.
We are at economic war with China. We just introduced more tariffs overnight
Good thing too. The tariffs will keep the flammable Chinese electric cars out.
It is sad to hear the stories of this hard working people and what they must suffer because of a bad Government they even didn't vote for. All my sympathy for them.
Many modern western economies had similar experience of stagnation. Even Japan had experienced 30 years of long stagnation after the bubble pop of '80s. China also will have to go through such a long and dark tunnel of economic stagnation for next 30 years or more before recovering again. Good luck to Chinese people.
Will only be prolonged misery if they continue to act like Putin and threaten war with Taiwan. If they stop funding Russian war and stop “talking tough,” on Taiwan, then western fear will subside and money will flood back into China. The west sees xi in power forever and then sequestering Jack ma and imprisoning or disappearing thousands of Hong Kong protestors, and they get nervous and leave. Plus it’s bad for your economy for so many productive citizens to be disappeared in Hong Kong. It seems a wise leader was led astray by Russian antiglobalization and pro decoupling propaganda and now his empire is suffering. It doesn’t have to be this way but maybe his advisors are scared of discussing the mistakes and how to correct them.
Been hearing the same naratives for the past 20 years. Is this for real now?
Common Prosperity - btw doing the math the amount of poor people in China far outweighs the amount in the middle class so common prosperity would mean everyone is poor 😅
Karma...
Thats why they are desperate to sell their cheap, low quality EVs in the US. They tried to go through the backdoor via Mexico but was stop..lol😂😂
china is king of infrastructure in the world and west just dream of it
Been hearing this for decades - yet overall the absolute opposite just keeps happening.
This is what happens when the government has a very loose money policy. Anybody could get a huge loan. Builders would get paid right after the concrete shells went up. Also local governments raised money by somehow selling the surrounding land. Those are all high-risk and unsustainable policies. So they end up with hundreds of millions of unfinished homes. Factories are in oversupply and easily fail. Also the zero-covid policy spooked most foreign investors. It's going to be a heavy hard fall for most of the economy.
And when they tighten it, nobody can get loans and it is discovered that they weren't actually profitable, not even viable. The whole thing is essentially a scam for CCP bosses to make money. It is an institutionalized Ponzi scheme. Those that actually realized it must have been told to shut the F up.
The guy only made 700,000 RMB in 4 years? Oh my God.
China isn't on the level of THE WEST yet.... far from. A lot of chinese are POOR!
@@MasticinaAkicta poor? Still no homeless n zombies like your mother America... Lol
@@MasticinaAkicta In America there are actually ALOT of poor. But they are given money for food and house and don't have to work. If they make more babies they get more money. The illegal immigrants are also given free food and house. Most of the middle class is actually poor. They are negative from loans until they die. America looks rich but it is actually fake rich.
I've actually seen the most people with money in SE Asia. The middle and rich pay off all the loans fast and the taxes are low. They are living really good.
I visited Japan this year and actually there's a lot of poor. But the government controls the rent price so Japanese can still have some savings and afford to go out sometimes.
Very sad to see how many poor Chinese there are. And now the people who tried so hard to make business are debtors and can lose travelling rights. The 'lie flat' people are doing better with no debts...
That's 29K a year
@@judyl5358 Can you imagine working everyday 12 hours managing a factory? And that's all you make? Dealing with workers comp and everything. That stinks.
Feeling very sad to hear this. It is a great nation with hard-working people. Unfortunately, a megalomanic leader has destroyed everything that Deng Xio Ping built over the years.
I bet that those in the CCP who are responsible for this do not suffer from such poverty, but live in prosperity. I thought that in socialism everyone is equal, but apparently some are even more equal. These are the typical signs of decay of an authoritarian system...and the more pronounced these symptoms become, the stronger the iron grip that the population is held in.
No need to 'bet'. It is true. As to socialism:
One of the original commandments in Animal Farm:
"All animals are created equal."
Later changed by the pigs to:
"All animals are equal, but some animals are more equal than others."
@@seekthetruth1478 Yes...Orwell knew exactly what he was talking about in his books...'Animal Farm' and ''1984' should be read in every school around the world.
As hard as it may be, I try NOT to purchase anything made in China and prefer other countries even if it costs a little more.
Thank you!!!