Starting in 2001 in my role as a global sales and procurement manager I have been to China five times for work, including to Beijing, Shenzhen, Shanghai and Hong Kong. I have always had successful and enjoyable trips to China, including my last visit to Hong Kong in 2018. But after China kidnapped Michael Spavor and Michael Kovrig - two regular business people, just like me, my wife made me promise to never again step a foot onto Chinese territory. So, I have never returned, and instead I’ve been redirecting our procurement efforts to Taiwan, Singapore, Malaysia and Thailand - our category of goods can be bought at similar quality and cost as from China, without the political and economic risks. It takes some effort to get to these places from Canada when you tell your travel agent not to connect through Hong Kong or elsewhere in China, nor to use any China owned or affiliated airlines, including Cathay. But it can be done, from Vancouver, Canada I fly Air Canada (or Eva) to Taiwan, and from there to Singapore. I still sell to China, but I meet the customers outside of China, for example recently at a trade show in the US. China’s people are lovely, and wonderful to do business with, but if the communist regime sees fit to kidnap Canadians, I can’t be arrogant and say, it wouldn’t happen to me.
Same path my friend, same reasons, just procurement for my own business. Being a long time American of British passport and early life, HongKong was my goto for jumpoffs to everywhere else.. and now same problem. It’s now Asian Alcatraz.
@@narmortein537 Blinken goes to pick up Joe Biden next bribe, bill gates, Elon musk go because China will lend big money with few questions, so business expansion with China money is easier than business expansion with western money. Jamie Damon goes because China is big profits for JP Morgan with insurance and money services.
This is the unwinding of the Globalization experiment that started in the late 1980's. We're moving back to an era of regional trade and individual bilateral trade agreements. The concept of "just-in-time" and "right-shoring' is dead. Good riddance.
How I mean the guy literally say all real estate and obviously the tourism fell because of the foreign companies leaving Shanghai. It means China literally needs West foreigners
@@dirkbogarde7796 yes of course but in economic level the Dollar and Euro have more contribution to other countries economy. I thought you are going to say Manufacturing, because Chinese labor is cheaper but due to China's irresponsibility of COVID, Western Companies fly out to other countries.
@@morrisonparker3229 : Shanghai had always been a foreigner's trading hub. The issue is that, the chinese government was fighting amongst themselves.. and this led to a situation. Cos.. why would one province fight with anothe province ? Even in Europe, people do not fight. AND they count how many people, and how many houses. And this is why democracy works. Cos the ratio of your salaries.. and the worth of your currency is dependent on how many people, how many items. Suppler and demand. So... what do these individuals think when they are actually running a business? All the care about is actually their own immediate budgets and outgoings. And would grab at anything. I don't think that, they would even know, how many buildings exist in their own city or province ? (And this is also why HK was ruined as well... cos the governing body, literally attacked both the locals... e.g. my family..... and then also attacked the housing as well. i.e. You're NOT supposed to get public housing, if you are NOT living in that city, or is a citizen of that city. And yet, the flood gate was open... and now the very same people who said that, they have a RIGHT to be there.. are enjoying very very low wages. They won't even get the higher wages, cos the area has been depressed. ) ..... Yeh.. my mother's generation of 7 kids.. Managed to produce only 4 adults.. and only 2 adults, have kids. Cos nobody could afford anything any more. And we're mostly around 2 generation living under the same roof. So it means, around 2-3 generation of people, sustaining ONE house !!!!! These individuals, are arrogant.... that is what I think. And we also had to pay inheritance taxes as well.. which the civil servants lied.. and hoovered up. Cos the mainland people didn't have to do that at all !!! Was robbed, left, right and centre !!!! Asswipes. So yeh.. this does NOT surprise me at all. You pay so many taxes.. only to then be wasted away by incompetents.... It is a crying shame... really upsetting. A lot.
Take it with a grain of salt since this is a propaganda channel. Vision Times operates multiple UA-cam channels, including China Observer, China Insights and Vision Times Post.
@@spankythemonkey9828 My initial comment was what my friends in Hong Kong say. And it may seem that way. In this video, they mentioned the original video was taken down too, but was too late since that has spread too much.
It’s not hard for news to get out of china 😂 you can take a look at plenty of UA-cam channels of people actually in china to get a look for yourself how things are going. It’s pretty similar to what they say here imo, one of this channels more accurate videos
Never mind. He probably doesn't even live there, but in Sydney or Singapore. He was planted there. There's a lot of videis like this one, from China Observer and other organizations whose sole aim is to enforce changes in China by way of spreading half truths, etc.
@@badeni_zlsnIt’s a good idea to look for a fiduciary who has a legal obligation to work in your best interest and can’t recommend products or services just because they’ll receive a financial kickback for doing so. Search around you, I work with one in NYC.
@@badeni_zlsnYou can ask a planner these questions. Do a check for MRS AVA KIMBERLY, we met her at a NYSE summit. With her guidance, we split our 1.7 M portfolio, traditional IRA and the individual brokerage account where she executes trades with our authorization. She rebalanced them since the year began with returns equating twice what we lost to this crisis, we still hold cash and are cautious with how much we let into the market at this point. It is not very wise to consolidate your investments at this time.
@@badeni_zlsnAbsolutely, I'm about 24k shy of a quarter million, this is all in less than ten months of working with Mrs Ava Kimberly, I started with 100k after selling my losing positions. With the right tools and consultation you can still make money in this market situation.
Gosh maybe they got tired of the 2AM police barging in and asking for your paperwork. It's never at a good time. And with all the anti foreigner sentiment, it's surprising people didn't leave years sooner.
They went to Shenzhen. They left shanghai but moved to Shenzhen. In Q2 2023, Shenzhen see an increase of foreigners by 37% compared to Q1 2023 while Shanghai dropped by 22%. Shanghai average rental for mid-luxury apartments dropped by 15-18% in 2023 but Shenzhen sees a rise of 10-15%.
I knew foreigners staying in Shanghai that were being randomly dragged out of bars, had parts of their hair shaved and tested for drugs. It's an absolute joke and no wonder they're leaving.
As a foreigner in the finance field who first started coming to China in 2005, I can say that Hu Jintao knew how to make China attractive to foreigners while also keeping it a cohesive country, and those were the good years. He was intelligent. Xi was ok for a couple years and then he got greedy and it all went downhill. I left HK, rarely went into the mainland, and all my friends in finance moved to Singapore or back to US, London, Australia, etc. Xi is the one to blame.
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If rent and property keeps deflating, it causes a deflationary spiral just like in Japan. China has a long history of real estate speculation resulting in over-capacity. There are more houses than Chinese people. Say if you want to buy a house but the housing prices keeps lowering, even if you do need a house to stay in, you will generally delay your purchase for as long as possible. More people will start to rent but at some point home owners will choose to leave the house vacant rather than rent or sell. Just like in Japan the deflationary spiral started with the property market and went on to affect the entire economy.
@Sigma Jesus Freak The population decline is one thing. It took Japan a decade or two to show up actual problems. But what China may go through is a confluence of not just demographic and economic but also political forces. Japan never had to seriously contend with Western "de-risking".
It is their government who bullied other countries. These common people only care about surviving and living the good life. CCP is the one to blame for being too ambitious.
the CCP is still powerful and authoritarian, and unless who stand up for ourselves, the authoritarian CCP communists could still do massively immense harm, and will try to harm.
Economists agree that this will have negative ramifications on economies in other countries. Plus why should the citizens of China have to suffer for the bad deeds of their government?
@@stlouisix3ell at least the world is cutting off the economic tap, meaning sustaining their military capabilities won't be possible and they'll just have a Russian military, looks impressive on paper but it only exists on paper
That’s really interesting! I’ve been thinking about investing in digital currencies lately but wondering how to do it. Do anyone have any thought on that?
@@charlesmougin884As a newbie you’ll need to invest in a company that is working towards sustainability, like that of expert Cathie wood and her abilities in handling investments are top notch
The same is happening in America. Retailers are fleeing San Francisco and the hotels have stopped paying their loans 😳 This is a global economic collapse, and we’ll all go down equally 😭
San Francisco is government inflicted. Namely ignoring crime and not clearing the streets. Same as Detroit China you have a property bubble driven by debt. Local government in China has a major debt problem. That means banks are effectively bust. Turns out that the USA has China by the poverbial. All it has to do is cancel that postage deal and/or tax low value items. ie. $5 per item tax. That screws the cheap items with high labour content. That causes widespread unemployment in China.
China has nearly 600 million residential buildings including large apartment buildings. Some have estmated there are homes for over 3 billion people. Who would have thought this would lead to rents and sales prices falling?
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This youtube channel always give partial truths. The real reason was foreigners mostly went to Shenzhen. They left shanghai but moved to Shenzhen. In Q2 2023, Shenzhen see an increase of foreigners by 37% compared to Q1 2023 while Shanghai dropped by 22%. Shanghai average rental for mid-luxury apartments dropped by 15-18% in 2023 but Shenzhen sees a rise of 10-15%.
@@Willywoowilson wow, you are from the PBS? Where do you get these figures from? Foreigners movement quarter by quarter. Only the PBS would have these numbers...
actually, the chinese population shrank by 100,850,000 this year. the chinese census publicly admitted they overcounted their population by about 100 million. and that inflated number came from the under 40 year old category. there probably isnt even a billion ppl left in china right now. thats still a lot, but most of that number is old ppl.
On top of that, the youth don‘t have jobs and are being sent into the countryside (to prevent protests). Even if China were to have a higher population of youth, they wouldn’t be able to make them productive.
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I used to live in beijing and used to travel to China frequently.. After all the recent Chinese government threats against Hong Kong, Taiwan and arrests of foreigners I won't even make a stop over in any Chinese territory.. Never, and the Chinese people can thank their own government for that.
I am living in China. This is true. I am based in South China, and my office rent has dropped by over 20%. It's incredibly cheap to rent an office. The business climate is not very good at the moment. Most factories I have seen are struggling to stay above water, and the really good ones are lucky to be breaking even or maintain stable sales, but no growth in many industrial sectors. Real estate is an unmitigated disaster for both buyers and sellers. Real estate is down. I know this is an anti-China channel, but what they are saying is a 'matter of fact'.
Agree, all our relatives are saying the same thing, but no, this channel is not "anti-China". Far from it. More like revealing the truth about China under CCP rule. So at most, you could say "anti-CCP"? Who isn't?
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Indians and Chinese people moving out silently back to thre country from bay area specifically .. demand is declining in bay area..the saving difference was quite high earlier but now ppl are minting and saving even more atleast in india.. india property demand thus growing and so the prices which is good and bad as well
I think the term wolf warrior term was only half right. More like weirwolf. So can only suck the blood for so long before you kill the meal, then you starve. Stealing western tech and ignoring patents and intellectual property was always going to lead to killing the meal the Chinese economy fed from. China is an amazing country with some amazing people, but it looked at the world like a vulture looks at every animal. Just a car case waiting to be feasted from. It failed to engage in fair trade and respect for others and other systems around the world., For China to survive, Xi needs to hand over to Jack Ma.. capitalism brought China to elite status, and Xi takes it back to chairman Mao type people pillaging and killing system.. so sad, Xi makes a golden dragon into a chained stone lizard.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 in truth. I’m born in Britain, living in the USA. But I think India is an amazing country that I regret I have not lived in. I believe I am a fortunate person, having lived in Europe, Asia and the Americas. Your assertion that India is super clean and super rich seems as flawed as the assertion that America is the land of gold, or that China is a rickshaw society. China has more bmws than America, more high speed trains than the rest of the world combined, America is a country where the poorest people can own land and a car, but nowhere is perfect. India is the number one country for “spammers”. And although I believe Modi to be a great leader, the fact that such corruption of indias image is allowed to exist is a scar of the face of India. A most beautiful India.
@@theopinionatedbystander I used to make honest, informative, thoughtful comments like yours. Most readers here aren't up to it. Also, telling the truth isn't popular in most these circles. I'm not trying to discourage you, though. For me though, I've either gotten jaded, or, I'm tired of casting my precious pearls before the swine.🤔 😳
Chinese influxes in SEA like Singapore and Thailand cause real estate price higher. Local Thais and Singaporean are now affected. They have to pay higher to get a house. And Chinese also buy and nominated many businesses in compete with the local. This is scary in both country.
As long as the government limits ownership by foreignors or foreign corporations the affect should be limited? (isnt it difficult to buy property in thailand by foreignors?)
@@nigl2807 In case of buying property they can only buy condominiums. But for the business they pay Thais as a nominee to let them use the name as a fake owner to do the business in Thailand.
Well, it doesn't help that China the militarily threatening all its neighbors. No wonder the Southeast Asian countries are all aggressively beefing up military spending to counter the Chinese threat. And so is India, which is moving large numbers of troops and military equipment to its border with China's Tibet Autonomous Region.
China is gonna be in a world of hurt. Best way to weaken your neighbor is to take all their jobs, take all their future opportunities, and degrade and lure their population away from them. Almost all of China's neighbors are doing this exact thing.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Lack of restraint without thinking economic consequences. Greed and vanity is their motivation. Money is more important than people's necessity and future. Many luxurious buildings are destroying commoners' future because they can't afford to pay nor create a family in the future. It can produce a stupidity. "If population is decreasing, then businesses are declining."
In my opinion. And it’s only opinion. Any leadership where one person makes all the laws and rules is set for disaster.. nobody is smart on every issue, and a smart leadership listens to all sides of an argument, listens to all voices of his/her people. If you need to watch and imprison your people then you are driving a bullet train to disaster.. I have lived in many parts of China, I love the people, I remember a night on a sleeper train going through Chatman Mao’s hometown and was in a conversation about if Mao was a good or bad leader. Mao was a visionary, I think Xi is a visionary, but Xis time has passed. He has killed HongKong, a golden goose, he kills Shanghai, he has killed the dreams of his youth. All to keep himself in power.. such a great country with a blind man making the rules.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@theopinionatedbystander personally I think corruption has killed China, not an individual. The ruling class all the way down to the common peasant engage in corruption as a way of life. This is like a thief stealing from a thief, who stole from a thief. You can't build on a society that thinks that way. All that will happen and has happened, is that things will become so corrupt that the system stops working. If this was the Matrix China has just crashed the system, and the only way forward is with a complete reboot of the system, not more of the same. Communism and corruption has to go, there is no other way forward for China. What is truly scary is that much of the so called free world is heading down the same path, with corruption and control over the people.
It's been 3 months since this video posted and everything mentioned as a warning has come to pass. Amazing journalism and research! Much love from New Orleans❤
They were overcharging you anyway.... and this is the exact issue with China.. the so called PRC. Cos they don't do normal. As in, they don't do correct audits and calculations etc. They have had a lot of bank runs as well.. and this kind of increase, without controlling their currency rates and ratio.. is also a form of "printing money" as well. But the man does not know that, cos they assume that to raise the actual ratio to pay off their own debts, is enough. That is how dangerous it is to give an uneducated man, in charge of money. (And there are also issues like, forcing rural individuals.. to be living in the urban areas. e.g. Those rural citizens, they have paid off their land, and live off their land.. and is debt free. So now, they want those individuals to be moved into the urban cities, to carry the debts of those idiots.... Even in the UK, and in Europe.. people don't do that. If you provide rental.. then you don't try and raise the prices and the ratio.. to be non-sustainable ?... Cos what would you do then ? ) PRC should NOT have joined the WTO at all. They have world bank's offices there.. and couldn't even handle this. And at the same time, they are ultra.. sadistic.. sadistic in the sense that, they have the blue print of ALL countries' actual financial model.. as provided by the World Bank as well... And as you can see. This is ultimate carnage ! With so much support.. and know the insider details of other countries as well... and they opt for this option ? WTF indeed. VERY irresponsible.
What they mean is that is basically one of the only ways for Chinese citizens to invest in China without being directly tied to the CCP. Many families dumped their savings into real-estate. If everyones retirement fund bottoms out they be struggling to recover at best. Mean while the collapsing market will effect business owners causing job loses and more unemployment. Plus the cities make money by selling land grants to developers. If their is no value in homes then they can’t make money and the cities will go massively in the red. All this will tumble into economic unrest and possibly political upheaval. Those ghost cities where Chinese savings accounts. Many that get incentives. Now they are going to be worth nothing. Also don’t be fooled by the ghost cities thing. Many that where empty before are now occupied. They were dumping money into infrastructure and real estate now it’s starting to fall out and the worst to get hit is the city governments and the citizens themselves. It’s like watching your 401k just keep dropping and dropping til it’s gone. Sad but it’s what happens when a corrupt and bad government setups a broken system. I will say that I’m not of fan of the CCP to say the least, but I don’t wish this catastrophe on the normal Chinese people.
Unfortunately, in the Chinese economic system, real estate was one of the few investment vehicles for the Chinese citizenry, so that is where they put their savings. Given that there were no renters, this was always a Ponzi scheme that was eventually going to collapse. The situation was created by the economic policies of the CCP. I feel sorry for the citizens. This current realestate situation is an example of what I have been saying for a long time. China is not a world economic power. It is simply the production floor for Western manufacturing. If the West moves its production, China collapses economically. I don’t know if anyone has noticed, but most Chinese designed and made products are of very poor quality. Their stainless steel rusts, and their electronics is highly unreliable. These things can be fixed, but that takes hard work along with innovative persistence and the Chinese model does not encourage that type of behavior.
@@janestones323 umm, who feed who.. China is net importer of food and material and money, net exporter of low end junk..who feeds who is obvious. Without outside food sources, China dies, without outside energy sources, China dies, without outside markets, China dies… who feeds who.
Investors should consider INDIA, as it has 1. The largest skilled English speaking work force available at very reasonable price. 2. Rents here are very low. 3. Fastest Growing economy in the entire world. 4. Best in class infrastructure. 5. All major cities are connected with highway and has airports. 6. Supports Free speech and liberty. 7. No kidnapping by the Govt. 8. Every State has Lucrative offer for new businesses. 9. Stable economy. 10. Largest population, demand for ur product will always be there. 11. Right now is the best time to be a part in INDIA'S growth and become rich.
They threatened war. They've been sabre rattling, just like Japan in 1930's. Newly industrial and feeling powerful, learn from history! And they make shoddy stuff, no buyers!
if China is Japan, then most of the ASEAN countries would have been its colonies. i think China is a country with self-restrains, if it is same with US, then the southeast had been became middle east already.
One U-Tube video maker reports on china haveing lived there for years has highlited there poor construction..even thousands of EV cars parked in Huge lots. drove videos of SO many small white EV cars
How can foreign businesses operate smoothly when visas are so difficult and expensive to attain? Businesses simply relocate to more attractive locales.
I sure as hell would like to see real estate people complaining about falling rents here in the US. That would surely be a big blessing for many here, at the expense of the few!!!
Dave. In a perfect world landlord rents would not be so high. In a perfect world tenants would pay their rent, in a perfect world landlords would not have to fix the dumb crap that tenants Break. In a perfect world landlords would not risk frivolous law suits from every angle< in a perfect world landlord insurances would not be so high.. but until then, landlords have to cover their costs of being landlords. And if you are a tenant you maybe an amazing one, but I guarantee you know more bad tenants than good.. and the good ones get to cover the costs of the bad ones. yes I have been a landlord, I got out of it because having to be a father, teacher, babysitter, therapist and financier of an overwhelmingly disrespectful tenant population just is not worth the money.. don’t like the rents, get a mortgage, can’t get a mortgage, get a better credit score, can’t get a better credit score, give up the weed. .. ohh boy can I go on…. Lol. The new old saying, can’t fix stupid, luckily they are self sedating with weed and fentanyl.
@@irinaparent9066 hi Irina. Rent falling isn’t a bad thing or good thing by itself. But if rents fall bellow the cost of being a landlord, landlords get out of the business, then less places to rent, market demand pushes prices up again. So it’s cyclical in nature with a reward/loss lag built into the system. Too much legislation has the same effect. Too many bad tenants have the same effect.. the price of rent should always cover the cost of being a landlord, both fiscally and mentally. The China model is different because real estate has been the safe place to invest for retirement. So many rents were already below the cost of being a landlord, and the return for the landlord was the equity increase in the real estate. So. If the Chinese/HK market goes into free fall and real estate values collapse, normal working folk lose their life’s savings.
@@Celticmoon79 your analysis stands the test of scrutiny. But then again. How many people understand the fundamentals of economics. As long as enough money is made to buy vale juice, weed, meth etc their is little care to know more in most peoples lives. Cause and effect. Market dynamics. Supply chain costs, business costs. Their are dozens, hundreds, thousands of variables that were never taught at school. All they learn at school is the world stops for them when the big yellow bus stops. They have emperor syndrome built in from the very start. And then parents, grand parents, society etc gives handouts. Why should they learn the truths of a free market existence.
I used to be quality manager at a UK company that has all its products made in China. Consequently, I was sent off to China every month for a month, to carry on until the company had found a more local quality manager, e.g. from Hong Kong. The company had a flat (thankfully air-conditioned) in Pudong Liu, Pudong, Shanghai. You could look out of the window and see the Pearl Tower, the Birdcage skyscraper and the (then in construction) Shanghai Financial Tower. It was always bustling. I can’t think of it as a ghost town.
What do you mean ? The foreigners are not allowed to leave Vietnam ?.... I don't understand.... is it cos in the past, not everybody could see what is happening, and now suddenly everybody could ??
@@MeiinUK Yes, no one (local or foreigner) was allowed to enter or leave Vietnam for about 2 years during COVID. Many Vietnamese could not return home to be with their families in Vietnam during this time, and foreigners were stuck. Ho Chi Minh City and Hanoi had very strict lockdowns, but Hanoi's were the longest. Many foreigners there left the city after the lockdowns ended and rents have dropped a lot like in China
@@coastcity7029 : During the lockdown, all countries, took back their debts, and their money from the opposite countries... So this is why now, we have hyper inflation in many regions... And this is why also... China, they listed all their tech companies on the Beijing stock exchange. And then also... they forced Russia to sign oil deals with them. But Russia is now meant to give their oil to China, and withdraw from Europe !!! And Europe went into shock, cos the oil from Russia is a lot ? (Europe merely survived the last winter.. but this coming winter, is going to be a big problem too. And this is why the foreign companies, all exited out of China. China also did not have enough energy too. They released their oil to help the global price. But then.. they had to also close their own factories too. And many stores also closed too. The same with UK... and presumably Europe. Netherlands, had an indoor farm, and their government also forced them to closed down their farm too. Cos it took too much energy.) So yeh.... not everybody is happy with China's decisions !!!! i.e. They took the oil that is meant for Europe from Russia.. for their own use. Cos Australia wouldn't sell more coal to them. And yet, they still want to sell more things abroad and export ? But most people don't want to buy chinese goods any more. Cos they keep going round. It is the SAME second hand, or even third hand things. All the time !.... You just need to look at what is happening in HK and in SE Asian countries to know that the same goods circulates round and round several times.... FYI... Africa also reduced their electricities as well. Sri Lanka went into shock. Also, Lebanon also went into shock too. Cos they had an explosion... and it wiped out their city. Hyperinflation across Europe...
@@coastcity7029 I don't know what it is like in Hanoi but apart from the brutal May to October 2021 lockdown,, myself and plenty other foreigners have been coming and going throughout the past 3 years down here in south Vietnam
@@davyprendergast82 You're talking about travel in-country, dude. I'm talking about no one being allowed into Vietnam or being allowed to leave the borders. Saigon's lockdowns were brutal, though, during that time. Probably the most authoritarian response in the world considering the military's enforcement of lockdowns and not even being allowed to go out for food. Most people around the world have no idea how bad that was. Glad you made it through OK 👍
I would consider that China's behaviour in regards to the virus, China's disrespect of copyright and intellectual property rights of these fortune 500 companies, China's blatant racism towards foreign and poor treatment of factory workers are all factors to be included in this situation.
Irrational commercial and residential asset bubbles bound to burst until it reaches an affordable prices for common people to buy... that's a good sign for many ordinary people. This is not only happening in China but in many countries especially the US...
Of course there was the Japanese bubble bursting in 1992. It was recently recalled by the epithet "The lost 30 years". I wonder if China's bubble will take as long to recover from.
The USA and Canada housing bubble is causes by mainland corrupted Chinese official buying lands in foreign countries too. China is the cause of problems everywhere because of the greed of the few powerful.
Few remarks: @0:01- the road mentionned and shown is Yongkang Road, not Fuxing Middle Road @0:19 - not all foreigners are gone, but many who used to live in the city for a long time have left. They are progressively replaced by new foreigners from other countries (and Russians are on top of the list) @0:20 - this road in particular have welcomed many foreigners but they just left the area because the F&B industry have moved to other locations @0:55 - many residences have solely made their business on 'expats' and their flamboyant package. Yes, they are in trouble and many apartments are left vacant. Cannot be generalized to the rest of the population @1:29 - the market have not yet suffered in Shanghai but the impact of the 6 months strict lockdown was the exit signal for foreigners who had to bear with this horrible moment in the history of the city. For the rest, it's just a series of quotes mostly coming from international sources put one after another. Yes China is under a big transition, the young have difficulties in finding a meaning to their life/career plans, and many can find jobs but are at a time when they also want to enjoy their life. The COVID and its strict management in Shanghai are truly the ones to blame, it deeply hurt the feelings of the Chinese people and will be a scar that will inflict pain to many years to come because it's a turning point on how life will never be the same again to all people, regardless of age, social condition...
I can tell you're Chinese..I was there for 10 years from 2009 to 2019 in Shenzhen,Guangzhou,Dalian,Zhanjiang etc etc......Overall it would help if Chinese people were not so RACIST towards us foreigners,never have I seen such dreadful behaviour. (Chinese people were spitting at us on 2 occasions,naturally I spat back and gave them the finger,many other incidents as well) Many Chinese in the UK and I always treated them with utter respect. China has a lot to learn and many need to grow the fk up.
I believe that the stats given are all better than actual. The given stats would not explain all foreigners gone, and entire buildings being empty. If those statements of vacancy are true, then a price drop of 20% must be false. Rental price decline has to be much more.
ANY number coming from China needs a lot of salt. Even from resources that are not on the CCP's Payroll! Because can you trust those numbers? They probably already have a shrinking population, their GDP is probably 40% less then the official one..whoops. So yeah bad news for China.
The CCP controls the price cut on their selling price... Crazy isn't it!!! Xi supposingly has a Phd... Everything in China is fake, I can't believe it!!!!
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 Yeah, India. First world country right there 😂🤣😉. I think we could make a competition for which country is worse. And it would be very close.
Sometimes i really doesn't know is it a good or bad thing that rentals or property going down, instead of keep going up all the time due to greed and investments...
From the Chinese people's point of view, sacrifices have to be made for the greater good of the future. Without Xi's work, HK today would still have been the major base and spy hub for Western's Anti-China forces, rooting for the separation of HK from China and constantly tampering with the country's sovereignty. Thanks to Xi, this is no longer the case today. In HK, it is now a serious crime to support splitting HK from China and a majority of the Anti-China forces have fled overseas. Just look at US consulte in HK, they used to have "employees" that outnumbered US embassy in Beijing, and then after Xi introduced the new national security law, they have cut a great number of these so-called "employees" and even sold a lot of the buildings they had. Foreigners may not like Xi, Anti-China forces definitely HATE Xi, but as for Chinese people, they are grateful to have Xi.
Real Estate bubbles are always tied to an increase in population. For real estate to remain high there has to be more people looking to buy than the number of units available. As China's population decreases (expecially young working people building families) due to the one child policy enforced for many years , you can expect a decline in real estate prices until that reverses or stabilizes itself.
The real estate bubbles are debt mechanisms and Xi is reigning in speculators like Evergrande. Finance capitalist countries like US cannot erase debts and hence are debt polarizing into oligarchy. Advantage China for the win.
In the essence not wrong, but seriously oversimplified. And in the Chinese situation not applicable. The chinese bubble is bursting because they have millions of units and houses that are tied to large amounts of debts and no buyers for them and on top millions of chinese are loosing and have lost their jobs duringand post covid; reasons are also because big companies fleeing/relocating.
@@raybar7360 - Wasn’t commenting on the spelling. I don’t think anyone knows if it’s Belarusan or Belarusian (I prefer the way you spelt it first). Edit: UA-cam dictionary prefers that spelling too. I can only guess you were thinking of proxy companies set up for firms actually based a few hundred kilometres east of Belarus.
I have word from one city in China that an apartment that sold for 1.2 million yen in 2015 and which at one point could fetch 2.3 million could now get about 1.6 million.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Foreign companies moving out of China proves the point that without these companies, the Corrupt Chinese Communist Party will collapse as well. Taiwan 🇹🇼 is an INDEPENDENT, FREE, PEACEFUL, DEMOCRATIC and SOVEREIGN NATION. God bless the people and leader of Taiwan 🇹🇼
This makes sense. The CCP has been killing Capitalism since they got Hong Kong back from the brits and since war with Taiwan and the US is all but ensured, seeing companies evacuate before it's too late is good business.
@@Lady_NYC You think that after the worst Covid rules are cancelled people return. They don't! Business got used to needing less space, many workers happily worked from home. So in the end business don't need EVERYBODY in the office the whole week. Sure they want people two or three days in the office. But... do you need such huge buildings? And the stores, well without people buying why have a store? The area is expensive enough as it is already in good times.
Yes, any big cities in USA (LA, SF, NYC, CHICAGO, PORTLAND) controlled by socialist democrats are declining due to High Crimes rate. However; they move their businesses to Florida, Texas.
think that is bad hundreds and hundreds of commercial space in San Francisco is now empty and 45% vacancies for commercial space is now empty. The Tenderlion area is now nothing but empty retail. This was the high end retail All that is left is drugs and crime
I live in Shanghai, this is false. Rent has only gone up. Foreigners left but there has been a massive internal migration from tier 2/3 cities where foreigners are now flocking to Shanghai.
In the long run real estate back to reasonable levels will be good for all Chinese. Reasonable rents will put China back on competitive level. Let the speculators go bankrupt, bear the short term pain. Things will go better as correction is over. Learn from the lessons!
Understand that what are called "foreigners" in this video is not what we in the ROTW call foreigners. A foreigner in China is anyone that has come from outside that city/area, not someone from another country.
Can you imagine how many mistresses were left behind? All these women were used to a lavish lifestyle provided by their lovers and now they will have to fend for themselves. 😭
Pandemic, concerns with China's continued support for Russia, concerns with China's activities around Taiwan, the potential for open conflict with the West, concerns that China might hold foreigners as bargaining chips in any future conflict, and the very real possibility that the Chinese government will be destabilized by any conflict all can drive the flight of foreign companies from China. There are economic costs for aggression in the region and globally and for supporting regimes that are openly expansionist.
Expansionism ? Agression ? The US empire has been waging wars all over the world since WW2. Mostly for false reasons. China and Russia are small players compared to them.
That's mainly because they can't afford to move away tho, after all the things the CCP used to attract them there. If they tried to leave, they'll lose all the business and factories that they built there, causing huge losses that Tesla wouldn't be able to hide.
Heard Elon Musk has already started building a massive factory in Mexico to move his operations from China to Mexico when the factory is completed. It’s only a matter of time that Elon transfer most of his operation there and leave only a small part in China! Happy news right?
China still wonders why - Bad mouthing your customers (US and EU...) and supporting Russia, plus the Taiwan issues have frightened companies expecting sanctions or other restrictions. If you were a CEO or a buyer, would you trust the current political situation? Would you still have a job if China carries out all of its threats and becomes Persona Non Grata and you ignored the warning signs?
Starting in 2001 in my role as a global sales and procurement manager I have been to China five times for work, including to Beijing, Shenzhen, Shanghai and Hong Kong. I have always had successful and enjoyable trips to China, including my last visit to Hong Kong in 2018. But after China kidnapped Michael Spavor and Michael Kovrig - two regular business people, just like me, my wife made me promise to never again step a foot onto Chinese territory. So, I have never returned, and instead I’ve been redirecting our procurement efforts to Taiwan, Singapore, Malaysia and Thailand - our category of goods can be bought at similar quality and cost as from China, without the political and economic risks. It takes some effort to get to these places from Canada when you tell your travel agent not to connect through Hong Kong or elsewhere in China, nor to use any China owned or affiliated airlines, including Cathay. But it can be done, from Vancouver, Canada I fly Air Canada (or Eva) to Taiwan, and from there to Singapore. I still sell to China, but I meet the customers outside of China, for example recently at a trade show in the US. China’s people are lovely, and wonderful to do business with, but if the communist regime sees fit to kidnap Canadians, I can’t be arrogant and say, it wouldn’t happen to me.
Same path my friend, same reasons, just procurement for my own business. Being a long time American of British passport and early life, HongKong was my goto for jumpoffs to everywhere else.. and now same problem. It’s now Asian Alcatraz.
why hasn't Jamie Dimon, Elon Musk, Bill Gates and Blinken stop going to China recently?
@@narmortein537 Blinken goes to pick up Joe Biden next bribe, bill gates, Elon musk go because China will lend big money with few questions, so business expansion with China money is easier than business expansion with western money. Jamie Damon goes because China is big profits for JP Morgan with insurance and money services.
This is the unwinding of the Globalization experiment that started in the late 1980's. We're moving back to an era of regional trade and individual bilateral trade agreements. The concept of "just-in-time" and "right-shoring' is dead. Good riddance.
@@narmortein537 There are businessmen and there are "hands that feed China" businessmen.
Let's make 1 thing clear, foreigners did not leave. They were all kicked out by the CCP during the pandemic.
How I mean the guy literally say all real estate and obviously the tourism fell because of the foreign companies leaving Shanghai.
It means China literally needs West foreigners
@@morrisonparker3229 and the west also needs Chinese tourists.
@@dirkbogarde7796 yes of course but in economic level the Dollar and Euro have more contribution to other countries economy.
I thought you are going to say Manufacturing, because Chinese labor is cheaper but due to China's irresponsibility of COVID, Western Companies fly out to other countries.
Actually its because large companies are leaving china. Obviously you're not as clear as you think.
@@morrisonparker3229 : Shanghai had always been a foreigner's trading hub. The issue is that, the chinese government was fighting amongst themselves.. and this led to a situation. Cos.. why would one province fight with anothe province ? Even in Europe, people do not fight. AND they count how many people, and how many houses. And this is why democracy works. Cos the ratio of your salaries.. and the worth of your currency is dependent on how many people, how many items. Suppler and demand. So... what do these individuals think when they are actually running a business? All the care about is actually their own immediate budgets and outgoings. And would grab at anything. I don't think that, they would even know, how many buildings exist in their own city or province ? (And this is also why HK was ruined as well... cos the governing body, literally attacked both the locals... e.g. my family..... and then also attacked the housing as well. i.e. You're NOT supposed to get public housing, if you are NOT living in that city, or is a citizen of that city. And yet, the flood gate was open... and now the very same people who said that, they have a RIGHT to be there.. are enjoying very very low wages. They won't even get the higher wages, cos the area has been depressed. ) ..... Yeh.. my mother's generation of 7 kids.. Managed to produce only 4 adults.. and only 2 adults, have kids. Cos nobody could afford anything any more. And we're mostly around 2 generation living under the same roof. So it means, around 2-3 generation of people, sustaining ONE house !!!!!
These individuals, are arrogant.... that is what I think. And we also had to pay inheritance taxes as well.. which the civil servants lied.. and hoovered up. Cos the mainland people didn't have to do that at all !!! Was robbed, left, right and centre !!!! Asswipes. So yeh.. this does NOT surprise me at all. You pay so many taxes.. only to then be wasted away by incompetents.... It is a crying shame... really upsetting. A lot.
If negative news like this can even get out of China, it means the situation is probably even worse
foolish. this channel is all CIA propaganda. no truth to it at all.
Take it with a grain of salt since this is a propaganda channel.
Vision Times operates multiple UA-cam channels, including China Observer, China Insights and Vision Times Post.
@@spankythemonkey9828 My initial comment was what my friends in Hong Kong say. And it may seem that way. In this video, they mentioned the original video was taken down too, but was too late since that has spread too much.
It’s not hard for news to get out of china 😂 you can take a look at plenty of UA-cam channels of people actually in china to get a look for yourself how things are going. It’s pretty similar to what they say here imo, one of this channels more accurate videos
@@Eric_Garrison They use VPN.
I hope the poor guy is safe and hasn't been persecuted for speaking out the truth...
Since I started with him my financial situation changes in just a couple of weeks
He and his family will all ready be re educated….. or missing.
Never mind. He probably doesn't even live there, but in Sydney or Singapore. He was planted there. There's a lot of videis like this one, from China Observer and other organizations whose sole aim is to enforce changes in China by way of spreading half truths, etc.
he'd be probably missing by now
He disappeared... probably kidnapped by ccp goons to harvest his organs..
There is no way unemployment is lower as the reports suggest. Companies are posting jobs and not hiring and layoffs are out of control.
@@badeni_zlsn It’s totally normal to feel like now may be the time to hire a financial adviser...but I would say delay retirement a little
@@badeni_zlsnIt’s a good idea to look for a fiduciary who has a legal obligation to work in your best interest and can’t recommend products or services just because they’ll receive a financial kickback for doing so. Search around you, I work with one in NYC.
@@badeni_zlsnYou can ask a planner these questions. Do a check for MRS AVA KIMBERLY, we met her at a NYSE summit. With her guidance, we split our 1.7 M portfolio, traditional IRA and the individual brokerage account where she executes trades with our authorization. She rebalanced them since the year began with returns equating twice what we lost to this crisis, we still hold cash and are cautious with how much we let into the market at this point. It is not very wise to consolidate your investments at this time.
@@badeni_zlsnAbsolutely, I'm about 24k shy of a quarter million, this is all in less than ten months of working with Mrs Ava Kimberly, I started with 100k after selling my losing positions. With the right tools and consultation you can still make money in this market situation.
Well said fam!!! my life is totally changed because I've been earning $15,250 returns from my $4,000 investment with MRS AVA KIMBERLY...
Gosh maybe they got tired of the 2AM police barging in and asking for your paperwork. It's never at a good time. And with all the anti foreigner sentiment, it's surprising people didn't leave years sooner.
They went to Shenzhen. They left shanghai but moved to Shenzhen. In Q2 2023, Shenzhen see an increase of foreigners by 37% compared to Q1 2023 while Shanghai dropped by 22%. Shanghai average rental for mid-luxury apartments dropped by 15-18% in 2023 but Shenzhen sees a rise of 10-15%.
@@Willywoowilsonnonsense...theynleft China and every industry will leave China soon. All thx to xi jing ping the psycho!
@@Willywoowilson is a paid CCP operator
I knew foreigners staying in Shanghai that were being randomly dragged out of bars, had parts of their hair shaved and tested for drugs.
It's an absolute joke and no wonder they're leaving.
@@Willywoowilson Really???
Would not surprise me. Shenzhen is a much nicer city, much more green, much less dusty, much better air.
Thank you for showing the changeing economic situation in China.
As a foreigner in the finance field who first started coming to China in 2005, I can say that Hu Jintao knew how to make China attractive to foreigners while also keeping it a cohesive country, and those were the good years. He was intelligent. Xi was ok for a couple years and then he got greedy and it all went downhill. I left HK, rarely went into the mainland, and all my friends in finance moved to Singapore or back to US, London, Australia, etc. Xi is the one to blame.
Xi does NOT want China to be r@ped and pillaged like the West did under Traitor Yeltsin, and the Russian Oligarchs LOL Xivilization
Putin saved Russia
Thank you for the real news.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 lol keep posting your tripe ya gutter oil consuming bot, it won't change the reality.
@@indiasuperclean6969 Do you also have a CAPSLOCK key in India?
Thanks!
Great job CCP. You made China going backward 👍
Xi Jinping great leap backwards.
He is a fanboy of Mao.
from hongkong crackdown to covid denials.
way too much sin, too unforgivable.
just enjoy
Communism tends to do that.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 Still sleeping?????
Cheap rent & property is great. Let’s hope it drops a lot more so normal ppl can afford it.
Yes like the Chinese people living in cage homes
If rent and property keeps deflating, it causes a deflationary spiral just like in Japan. China has a long history of real estate speculation resulting in over-capacity. There are more houses than Chinese people. Say if you want to buy a house but the housing prices keeps lowering, even if you do need a house to stay in, you will generally delay your purchase for as long as possible. More people will start to rent but at some point home owners will choose to leave the house vacant rather than rent or sell. Just like in Japan the deflationary spiral started with the property market and went on to affect the entire economy.
@Sigma Jesus Freak The population decline is one thing. It took Japan a decade or two to show up actual problems. But what China may go through is a confluence of not just demographic and economic but also political forces. Japan never had to seriously contend with Western "de-risking".
No jobs.
No homes (falling apart or paid for but never built)
No pensions.
People of China are getting close to having nothing left to lose.
“Nothing left to lose”= revolt against the government
once they hit no food, then things get interesting. well, assuming they stop lying flat lol
It means it’s a really good time to throw the people at Taiwan. Remember Comrade’s, for the Party!
Let them eat cake……
That is why CCP will go to war with the US
There will be no foreign companies in China anymore.Chinese government should first keep peace with the everyone.
You guys do good work. I enjoy the content, journalistic maturity, and reporting.
Bad news for them but good news to all the countries they bullied 😂
It is their government who bullied other countries. These common people only care about surviving and living the good life. CCP is the one to blame for being too ambitious.
the CCP is still powerful and authoritarian, and unless who stand up for ourselves, the authoritarian CCP communists could still do massively immense harm, and will try to harm.
the CCP will try to cause a mess
Economists agree that this will have negative ramifications on economies in other countries.
Plus why should the citizens of China have to suffer for the bad deeds of their government?
@@stlouisix3ell at least the world is cutting off the economic tap, meaning sustaining their military capabilities won't be possible and they'll just have a Russian military, looks impressive on paper but it only exists on paper
11:40 _"By promising not to attack Taiwan during his [Xi Jinping's] lifetime..."_ No promise from the current regime can be taken seriously.
Well.., if he drops dead then.... well.. yeh.... Well...
The rule #1 for doing business: Be a community player.
That’s really interesting! I’ve been thinking about investing in digital currencies lately but wondering how to do it. Do anyone have any thought on that?
@@charlesmougin884As a newbie you’ll need to invest in a company that is working towards sustainability, like that of expert Cathie wood and her abilities in handling investments are top notch
Her good reputation already speaks for her last month i invested over $100,000 with her and I've already made over $850,000 profit.
Thanks for the suggestion how do I reach out to her please?
+1843
It's not a collapse; it's just a correction. A much needed one.
The same is happening in America. Retailers are fleeing San Francisco and the hotels have stopped paying their loans 😳 This is a global economic collapse, and we’ll all go down equally 😭
People are leaving San Francisco because of CRIME.
And the politicians that let it happen!
We may all go down, but it will by no means be equally.
U wonder why they are fleeing San Francisco??Have u seen the state of it lately?
People are fleeing SF for a different reason. Crime and the horrible left wing policies that keeps crime and homelessness on the streets.
San Francisco is government inflicted. Namely ignoring crime and not clearing the streets. Same as Detroit
China you have a property bubble driven by debt. Local government in China has a major debt problem. That means banks are effectively bust.
Turns out that the USA has China by the poverbial. All it has to do is cancel that postage deal and/or tax low value items. ie. $5 per item tax. That screws the cheap items with high labour content. That causes widespread unemployment in China.
China has nearly 600 million residential buildings including large apartment buildings. Some have estmated there are homes for over 3 billion people. Who would have thought this would lead to rents and sales prices falling?
They can take the migrants from Around the world looking for a new begenning
@@walkerpublications4418 says who? the CCP
@@walkerpublications4418You work for the Chinese Government.
I hope rent and house prices also fall in Canada where Canadians are finding it very hard to live and survive.
Chinese economy is a bubble, and is being propped up by mindless construction that no one needs
Thanks for keeping us updated 😊
My pleasure 😊
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
This youtube channel always give partial truths. The real reason was foreigners mostly went to Shenzhen. They left shanghai but moved to Shenzhen. In Q2 2023, Shenzhen see an increase of foreigners by 37% compared to Q1 2023 while Shanghai dropped by 22%. Shanghai average rental for mid-luxury apartments dropped by 15-18% in 2023 but Shenzhen sees a rise of 10-15%.
@@Willywoowilson...the outcome is still the same. The CCP is failing
@@Willywoowilson wow, you are from the PBS? Where do you get these figures from? Foreigners movement quarter by quarter. Only the PBS would have these numbers...
Who knew that vilifying and punishing successful businesses would cause business to flee?
This is karma for giving the world the Coronavirus.
@Chris B Glorious, revolutionary, humanist socialist people's paradise, California.
@Chris B Neither has the City of London
@@jeffwvu4602 karma might haunt you..beware..
@Chris B CA is growing and about to be the 4th largest global market. You sound dumb.
This is some well-researched journalism, well done! subscribed
Well... at least the rents are becoming more affordable for the regular people who live there... I guess.
actually, the chinese population shrank by 100,850,000 this year. the chinese census publicly admitted they overcounted their population by about 100 million. and that inflated number came from the under 40 year old category. there probably isnt even a billion ppl left in china right now. thats still a lot, but most of that number is old ppl.
On top of that, the youth don‘t have jobs and are being sent into the countryside (to prevent protests). Even if China were to have a higher population of youth, they wouldn’t be able to make them productive.
Or was this because of unreported COVID death counts?
@pa_2600 yeah, right.. gimme a break
overcounted by 100 million? that's a bit of a stretch, no?
@@amylee9Not for China.
I love their happy tears...NO MORE INTERNATIONAL COMPANIES!
Frankly rents are ridiculously high in Shanghai.
its almost as if they were milking everyone for years
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@ianhamilton4360 yep, they were as high as NYC
That's why it's ShangHai not ShangLow
@@f4f471 wrong dear
Finally the poor and middle class citizens can have a roof on their Head.
I used to live in beijing and used to travel to China frequently.. After all the recent Chinese government threats against Hong Kong, Taiwan and arrests of foreigners I won't even make a stop over in any Chinese territory..
Never, and the Chinese people can thank their own government for that.
I am living in China. This is true. I am based in South China, and my office rent has dropped by over 20%. It's incredibly cheap to rent an office. The business climate is not very good at the moment. Most factories I have seen are struggling to stay above water, and the really good ones are lucky to be breaking even or maintain stable sales, but no growth in many industrial sectors. Real estate is an unmitigated disaster for both buyers and sellers. Real estate is down.
I know this is an anti-China channel, but what they are saying is a 'matter of fact'.
Agree, all our relatives are saying the same thing, but no, this channel is not "anti-China". Far from it. More like revealing the truth about China under CCP rule. So at most, you could say "anti-CCP"? Who isn't?
We are not anti-China, we are anti chinese communist. I am a chinese myself, 我们反共不是反中也不是反华， 党不等于国。
@@ferrariboys6716 Yeah, I think your re-phrasing is more accurate. Tough to say what the future will hold, but it is not looking good.
Come Pakistan
@@JOKEr00045 In Paksitan, they burn factory managers alive for blasphemy
San Francisco experiencing drop in demand too. Beautiful place but was outrageously expensive. It will normalize.
For much different reasons.
They're chasing the working class out. After 22 years, I'm leaving. Unless you earn 6 figures, you're priced out.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Have U read the Union square Hilton has defalted on its loan and today the Westfield shopping center has defalted too now owned by the bank.
Indians and Chinese people moving out silently back to thre country from bay area specifically .. demand is declining in bay area..the saving difference was quite high earlier but now ppl are minting and saving even more atleast in india..
india property demand thus growing and so the prices which is good and bad as well
I think the term wolf warrior term was only half right. More like weirwolf. So can only suck the blood for so long before you kill the meal, then you starve. Stealing western tech and ignoring patents and intellectual property was always going to lead to killing the meal the Chinese economy fed from. China is an amazing country with some amazing people, but it looked at the world like a vulture looks at every animal. Just a car case waiting to be feasted from. It failed to engage in fair trade and respect for others and other systems around the world., For China to survive, Xi needs to hand over to Jack Ma.. capitalism brought China to elite status, and Xi takes it back to chairman Mao type people pillaging and killing system.. so sad, Xi makes a golden dragon into a chained stone lizard.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 in truth. I’m born in Britain, living in the USA. But I think India is an amazing country that I regret I have not lived in. I believe I am a fortunate person, having lived in Europe, Asia and the Americas. Your assertion that India is super clean and super rich seems as flawed as the assertion that America is the land of gold, or that China is a rickshaw society. China has more bmws than America, more high speed trains than the rest of the world combined, America is a country where the poorest people can own land and a car, but nowhere is perfect. India is the number one country for “spammers”. And although I believe Modi to be a great leader, the fact that such corruption of indias image is allowed to exist is a scar of the face of India. A most beautiful India.
@@theopinionatedbystander I used to make honest, informative, thoughtful comments like yours. Most readers here aren't up to it. Also, telling the truth isn't popular in most these circles. I'm not trying to discourage you, though. For me though, I've either gotten jaded, or, I'm tired of casting my precious pearls before the swine.🤔 😳
@@lilblackduc7312 above Indian is a troll account.
@@lilblackduc7312 lol.. we are all swines, just depends on which farm we were birthed
Chinese influxes in SEA like Singapore and Thailand cause real estate price higher. Local Thais and Singaporean are now affected. They have to pay higher to get a house. And Chinese also buy and nominated many businesses in compete with the local. This is scary in both country.
As long as the government limits ownership by foreignors or foreign corporations the affect should be limited? (isnt it difficult to buy property in thailand by foreignors?)
@@nigl2807 In case of buying property they can only buy condominiums. But for the business they pay Thais as a nominee to let them use the name as a fake owner to do the business in Thailand.
when you're threatening war every day people tend to leave
Oh noooo low rent for local people to live in ohhhh noOOooo
Well, it doesn't help that China the militarily threatening all its neighbors. No wonder the Southeast Asian countries are all aggressively beefing up military spending to counter the Chinese threat. And so is India, which is moving large numbers of troops and military equipment to its border with China's Tibet Autonomous Region.
good point, all that military hardware is expen$ive...it should go to hosing the poor.
China is gonna be in a world of hurt. Best way to weaken your neighbor is to take all their jobs, take all their future opportunities, and degrade and lure their population away from them. Almost all of China's neighbors are doing this exact thing.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
That's KARMA.
India is another PoS, just like any other brics country
Lack of restraint without thinking economic consequences. Greed and vanity is their motivation. Money is more important than people's necessity and future. Many luxurious buildings are destroying commoners' future because they can't afford to pay nor create a family in the future. It can produce a stupidity. "If population is decreasing, then businesses are declining."
In my opinion. And it’s only opinion. Any leadership where one person makes all the laws and rules is set for disaster.. nobody is smart on every issue, and a smart leadership listens to all sides of an argument, listens to all voices of his/her people. If you need to watch and imprison your people then you are driving a bullet train to disaster.. I have lived in many parts of China, I love the people, I remember a night on a sleeper train going through Chatman Mao’s hometown and was in a conversation about if Mao was a good or bad leader. Mao was a visionary, I think Xi is a visionary, but Xis time has passed. He has killed HongKong, a golden goose, he kills Shanghai, he has killed the dreams of his youth. All to keep himself in power.. such a great country with a blind man making the rules.
@@theopinionatedbystander
Mao killed 2 million people with his vision...
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@theopinionatedbystander personally I think corruption has killed China, not an individual. The ruling class all the way down to the common peasant engage in corruption as a way of life. This is like a thief stealing from a thief, who stole from a thief. You can't build on a society that thinks that way. All that will happen and has happened, is that things will become so corrupt that the system stops working. If this was the Matrix China has just crashed the system, and the only way forward is with a complete reboot of the system, not more of the same. Communism and corruption has to go, there is no other way forward for China. What is truly scary is that much of the so called free world is heading down the same path, with corruption and control over the people.
@@indiasuperclean6969you’ve lost me with “never scam” 😂
It's been 3 months since this video posted and everything mentioned as a warning has come to pass. Amazing journalism and research! Much love from New Orleans❤
When your country treats foreigners bad. And treats them like they shouldn't. Be there Would you expect when they leave
I remeber my rent in Shanghai a year before the pandemic was around 15,000 RMB but now I've heard from my landlord who was my friend is now 3,000 RMB
They were overcharging you anyway.... and this is the exact issue with China.. the so called PRC. Cos they don't do normal. As in, they don't do correct audits and calculations etc. They have had a lot of bank runs as well.. and this kind of increase, without controlling their currency rates and ratio.. is also a form of "printing money" as well. But the man does not know that, cos they assume that to raise the actual ratio to pay off their own debts, is enough. That is how dangerous it is to give an uneducated man, in charge of money. (And there are also issues like, forcing rural individuals.. to be living in the urban areas. e.g. Those rural citizens, they have paid off their land, and live off their land.. and is debt free. So now, they want those individuals to be moved into the urban cities, to carry the debts of those idiots.... Even in the UK, and in Europe.. people don't do that. If you provide rental.. then you don't try and raise the prices and the ratio.. to be non-sustainable ?... Cos what would you do then ? ) PRC should NOT have joined the WTO at all. They have world bank's offices there.. and couldn't even handle this. And at the same time, they are ultra.. sadistic.. sadistic in the sense that, they have the blue print of ALL countries' actual financial model.. as provided by the World Bank as well... And as you can see. This is ultimate carnage ! With so much support.. and know the insider details of other countries as well... and they opt for this option ? WTF indeed. VERY irresponsible.
hahaha funny. I am living in Shanghai. The rent is a bit decreasing compared with last year, but still higher than what it was "before pandemic"
"Real estate is an important part of Chinese economy..." You mean like those ghost cities that the developers love to build and waste money?
What they mean is that is basically one of the only ways for Chinese citizens to invest in China without being directly tied to the CCP. Many families dumped their savings into real-estate. If everyones retirement fund bottoms out they be struggling to recover at best. Mean while the collapsing market will effect business owners causing job loses and more unemployment. Plus the cities make money by selling land grants to developers. If their is no value in homes then they can’t make money and the cities will go massively in the red. All this will tumble into economic unrest and possibly political upheaval. Those ghost cities where Chinese savings accounts. Many that get incentives. Now they are going to be worth nothing. Also don’t be fooled by the ghost cities thing. Many that where empty before are now occupied. They were dumping money into infrastructure and real estate now it’s starting to fall out and the worst to get hit is the city governments and the citizens themselves. It’s like watching your 401k just keep dropping and dropping til it’s gone. Sad but it’s what happens when a corrupt and bad government setups a broken system. I will say that I’m not of fan of the CCP to say the least, but I don’t wish this catastrophe on the normal Chinese people.
But where will all those children that are born going to live? And marry... and get more children.
Oh right, what children!
And are build Very poorly
They’re NFTs😂
Unfortunately, in the Chinese economic system, real estate was one of the few investment vehicles for the Chinese citizenry, so that is where they put their savings. Given that there were no renters, this was always a Ponzi scheme that was eventually going to collapse. The situation was created by the economic policies of the CCP. I feel sorry for the citizens.
This current realestate situation is an example of what I have been saying for a long time. China is not a world economic power. It is simply the production floor for Western manufacturing. If the West moves its production, China collapses economically. I don’t know if anyone has noticed, but most Chinese designed and made products are of very poor quality. Their stainless steel rusts, and their electronics is highly unreliable. These things can be fixed, but that takes hard work along with innovative persistence and the Chinese model does not encourage that type of behavior.
China is learning never bite the hand that feeds you.
They haven’t learned it. They think they are superior beings and the rest of the world is fodder.
Who feeds who is a good question here. Stop making the wrong assumptions.
@@janestones323 umm, who feed who.. China is net importer of food and material and money, net exporter of low end junk..who feeds who is obvious. Without outside food sources, China dies, without outside energy sources, China dies, without outside markets, China dies… who feeds who.
Karma is at their own door step now
@@kishorehinduja8613 don’t believe it. They will change coat like fashion model till they get their goals. A vulture cannot be a swan.
Investors should consider INDIA, as it has
1. The largest skilled English speaking work force available at very reasonable price.
2. Rents here are very low.
3. Fastest Growing economy in the entire world.
4. Best in class infrastructure.
5. All major cities are connected with highway and has airports.
6. Supports Free speech and liberty.
7. No kidnapping by the Govt.
8. Every State has Lucrative offer for new businesses.
9. Stable economy.
10. Largest population, demand for ur product will always be there.
11. Right now is the best time to be a part in INDIA'S growth and become rich.
You forgot to mention India most racist nation and r*pe capital of world
Superb analysis..!!! 👏👏🙏🏻🙏🏻💗💗
They threatened war. They've been sabre rattling, just like Japan in 1930's. Newly industrial and feeling powerful, learn from history! And they make shoddy stuff, no buyers!
if China is Japan, then most of the ASEAN countries would have been its colonies. i think China is a country with self-restrains, if it is same with US, then the southeast had been became middle east already.
One U-Tube video maker reports on china haveing lived there for years has highlited there poor construction..even thousands of EV cars parked in Huge lots. drove videos of SO many small white EV cars
How can foreign businesses operate smoothly when visas are so difficult and expensive to attain? Businesses simply relocate to more attractive locales.
moving to india
@@freespeech515 yeah? india is ok?
@@alibabarouge Idk about that. India seems to be buddy buddy with Xi.
And Vietnam
@@alibabarouge yes
I sure as hell would like to see real estate people complaining about falling rents here in the US. That would surely be a big blessing for many here, at the expense of the few!!!
Dave. In a perfect world landlord rents would not be so high. In a perfect world tenants would pay their rent, in a perfect world landlords would not have to fix the dumb crap that tenants Break. In a perfect world landlords would not risk frivolous law suits from every angle< in a perfect world landlord insurances would not be so high.. but until then, landlords have to cover their costs of being landlords. And if you are a tenant you maybe an amazing one, but I guarantee you know more bad tenants than good.. and the good ones get to cover the costs of the bad ones. yes I have been a landlord, I got out of it because having to be a father, teacher, babysitter, therapist and financier of an overwhelmingly disrespectful tenant population just is not worth the money.. don’t like the rents, get a mortgage, can’t get a mortgage, get a better credit score, can’t get a better credit score, give up the weed. .. ohh boy can I go on…. Lol. The new old saying, can’t fix stupid, luckily they are self sedating with weed and fentanyl.
exactly, he is complaining about the wrong thing. I get it, it is your paycheck, but why is rent falling bad thing?
@@irinaparent9066 hi Irina. Rent falling isn’t a bad thing or good thing by itself. But if rents fall bellow the cost of being a landlord, landlords get out of the business, then less places to rent, market demand pushes prices up again. So it’s cyclical in nature with a reward/loss lag built into the system. Too much legislation has the same effect. Too many bad tenants have the same effect.. the price of rent should always cover the cost of being a landlord, both fiscally and mentally.
The China model is different because real estate has been the safe place to invest for retirement. So many rents were already below the cost of being a landlord, and the return for the landlord was the equity increase in the real estate. So. If the Chinese/HK market goes into free fall and real estate values collapse, normal working folk lose their life’s savings.
@@theopinionatedbystander This reeks of entitlement and complete unawareness of the economy as a whole in today's climate.
@@Celticmoon79 your analysis stands the test of scrutiny. But then again. How many people understand the fundamentals of economics. As long as enough money is made to buy vale juice, weed, meth etc their is little care to know more in most peoples lives.
Cause and effect. Market dynamics. Supply chain costs, business costs. Their are dozens, hundreds, thousands of variables that were never taught at school. All they learn at school is the world stops for them when the big yellow bus stops. They have emperor syndrome built in from the very start. And then parents, grand parents, society etc gives handouts. Why should they learn the truths of a free market existence.
I used to be quality manager at a UK company that has all its products made in China. Consequently, I was sent off to China every month for a month, to carry on until the company had found a more local quality manager, e.g. from Hong Kong. The company had a flat (thankfully air-conditioned) in Pudong Liu, Pudong, Shanghai. You could look out of the window and see the Pearl Tower, the Birdcage skyscraper and the (then in construction) Shanghai Financial Tower. It was always bustling. I can’t think of it as a ghost town.
Capitalism with a Chinese Twist - The Twist unwinds at the end of the bubble.
their greed turn on to their bully gov.
We lied, we stole, we cheated. We have entire training courses - MP.
exactly! Time to get US jobs back!
The opening street the guy is on is called Yongkang Road. That place stopped being a hotspot for foreigners 6 years ago due to local regulations.
The corner units opposite the Blarney, now bricked up.
But everyday its packed. Specially at lunch and on evenings weekends.
Looks like a poor section of torn.
Same thing happened in Hanoi, Vietnam, which had extended lockdowns and prevented foreigners from leaving the country for 2-years.
What do you mean ? The foreigners are not allowed to leave Vietnam ?.... I don't understand.... is it cos in the past, not everybody could see what is happening, and now suddenly everybody could ??
@@MeiinUK Yes, no one (local or foreigner) was allowed to enter or leave Vietnam for about 2 years during COVID. Many Vietnamese could not return home to be with their families in Vietnam during this time, and foreigners were stuck. Ho Chi Minh City and Hanoi had very strict lockdowns, but Hanoi's were the longest. Many foreigners there left the city after the lockdowns ended and rents have dropped a lot like in China
@@coastcity7029 : During the lockdown, all countries, took back their debts, and their money from the opposite countries... So this is why now, we have hyper inflation in many regions... And this is why also... China, they listed all their tech companies on the Beijing stock exchange. And then also... they forced Russia to sign oil deals with them. But Russia is now meant to give their oil to China, and withdraw from Europe !!! And Europe went into shock, cos the oil from Russia is a lot ? (Europe merely survived the last winter.. but this coming winter, is going to be a big problem too. And this is why the foreign companies, all exited out of China. China also did not have enough energy too. They released their oil to help the global price. But then.. they had to also close their own factories too. And many stores also closed too. The same with UK... and presumably Europe. Netherlands, had an indoor farm, and their government also forced them to closed down their farm too. Cos it took too much energy.) So yeh.... not everybody is happy with China's decisions !!!! i.e. They took the oil that is meant for Europe from Russia.. for their own use. Cos Australia wouldn't sell more coal to them. And yet, they still want to sell more things abroad and export ? But most people don't want to buy chinese goods any more. Cos they keep going round. It is the SAME second hand, or even third hand things. All the time !.... You just need to look at what is happening in HK and in SE Asian countries to know that the same goods circulates round and round several times....
FYI... Africa also reduced their electricities as well. Sri Lanka went into shock. Also, Lebanon also went into shock too. Cos they had an explosion... and it wiped out their city. Hyperinflation across Europe...
@@coastcity7029 I don't know what it is like in Hanoi but apart from the brutal May to October 2021 lockdown,, myself and plenty other foreigners have been coming and going throughout the past 3 years down here in south Vietnam
@@davyprendergast82 You're talking about travel in-country, dude. I'm talking about no one being allowed into Vietnam or being allowed to leave the borders. Saigon's lockdowns were brutal, though, during that time. Probably the most authoritarian response in the world considering the military's enforcement of lockdowns and not even being allowed to go out for food. Most people around the world have no idea how bad that was. Glad you made it through OK 👍
I would consider that China's behaviour in regards to the virus, China's disrespect of copyright and intellectual property rights of these fortune 500 companies, China's blatant racism towards foreign and poor treatment of factory workers are all factors to be included in this situation.
Live and let live. Some principles can not be ignored, no matter what system you run.
Yes, like the Chinese elders people/families living in cages
@@cassandraknight8804 They live in Apple cages?
Thhe Narrator did a great job reading the content❤. Keep her!
Irrational commercial and residential asset bubbles bound to burst until it reaches an affordable prices for common people to buy... that's a good sign for many ordinary people. This is not only happening in China but in many countries especially the US...
Of course there was the Japanese bubble bursting in 1992. It was recently recalled by the epithet "The lost 30 years". I wonder if China's bubble will take as long to recover from.
The USA and Canada housing bubble is causes by mainland corrupted Chinese official buying lands in foreign countries too. China is the cause of problems everywhere because of the greed of the few powerful.
@@dac545j Plaza Accord only apply to Japan.
HK real estate will explode with a much bigger bang!
@@charleschoy2327 hk real estate already steadily going down. Won't be much of a bang. More like a landslide.
Structured and orderly reporting. Very good.
There is something called "curse of animals" this has finally harmed China. The CPC can prop up stats not #Karma 🙏🙏🙏
What about curse of humans, COVID created by Xi jinping so many lives lost world wide you have forgotten, add humans too
i would run too.
So this is complied to Xi's patriotic one China policy. No foreigner onlyChinese😅😅😅
They all left because they have gone broke or price stay high there while better elsewhere, they need to have a balanced median.
The more i hear, the more i think this entire country isn't worth one thin dime.
Correct me if I'm wrong, but there's no such thing as buying property as a foreigner in China. You can only lease it for like 30 years or so.
Few remarks:
@0:01- the road mentionned and shown is Yongkang Road, not Fuxing Middle Road
@0:19 - not all foreigners are gone, but many who used to live in the city for a long time have left. They are progressively replaced by new foreigners from other countries (and Russians are on top of the list)
@0:20 - this road in particular have welcomed many foreigners but they just left the area because the F&B industry have moved to other locations
@0:55 - many residences have solely made their business on 'expats' and their flamboyant package. Yes, they are in trouble and many apartments are left vacant. Cannot be generalized to the rest of the population
@1:29 - the market have not yet suffered in Shanghai but the impact of the 6 months strict lockdown was the exit signal for foreigners who had to bear with this horrible moment in the history of the city.
For the rest, it's just a series of quotes mostly coming from international sources put one after another. Yes China is under a big transition, the young have difficulties in finding a meaning to their life/career plans, and many can find jobs but are at a time when they also want to enjoy their life. The COVID and its strict management in Shanghai are truly the ones to blame, it deeply hurt the feelings of the Chinese people and will be a scar that will inflict pain to many years to come because it's a turning point on how life will never be the same again to all people, regardless of age, social condition...
apparently, this channel is owned by falun gong members...a religious sect that is banned from china
Taiwan is not China
China is committing suicide as being aggressive to Taiwan means many people are not buying anything Chinese I’m one of many in Australia
I can tell you're Chinese..I was there for 10 years from 2009 to 2019 in Shenzhen,Guangzhou,Dalian,Zhanjiang etc etc......Overall it would help if Chinese people were not so RACIST towards us foreigners,never have I seen such dreadful behaviour. (Chinese people were spitting at us on 2 occasions,naturally I spat back and gave them the finger,many other incidents as well) Many Chinese in the UK and I always treated them with utter respect. China has a lot to learn and many need to grow the fk up.
I believe that the stats given are all better than actual.
The given stats would not explain all foreigners gone, and entire buildings being empty.
If those statements of vacancy are true, then a price drop of 20% must be false.
Rental price decline has to be much more.
ANY number coming from China needs a lot of salt. Even from resources that are not on the CCP's Payroll!
Because can you trust those numbers? They probably already have a shrinking population, their GDP is probably 40% less then the official one..whoops. So yeah bad news for China.
The CCP controls the price cut on their selling price... Crazy isn't it!!! Xi supposingly has a Phd... Everything in China is fake, I can't believe it!!!!
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 Yeah, India. First world country right there 😂🤣😉. I think we could make a competition for which country is worse. And it would be very close.
@@Y0kzuna he is probably Chinese acting like an Indian. You fell for it
Y'all spent the last 10 years telling foreigners aren't welcome and then are surprised they all up and left
When man try to destroy another man he destroy himself first
Truth is always a threat to the CCP
CCP will be the history shortly
Sometimes i really doesn't know is it a good or bad thing that rentals or property going down, instead of keep going up all the time due to greed and investments...
And so, this American would LOVE to visit Shanghai, but my tourist visa, which was valid until 2026, has expired.
You should move there and never come back to the US
And I would like to visit China too - but I won't visit a country with no rule of law. So, Taiwan it is.
From the Chinese people's point of view, sacrifices have to be made for the greater good of the future. Without Xi's work, HK today would still have been the major base and spy hub for Western's Anti-China forces, rooting for the separation of HK from China and constantly tampering with the country's sovereignty. Thanks to Xi, this is no longer the case today. In HK, it is now a serious crime to support splitting HK from China and a majority of the Anti-China forces have fled overseas. Just look at US consulte in HK, they used to have "employees" that outnumbered US embassy in Beijing, and then after Xi introduced the new national security law, they have cut a great number of these so-called "employees" and even sold a lot of the buildings they had. Foreigners may not like Xi, Anti-China forces definitely HATE Xi, but as for Chinese people, they are grateful to have Xi.
Never bite the hand that feeds you.
Real Estate bubbles are always tied to an increase in population. For real estate to remain high there has to be more people looking to buy than the number of units available. As China's population decreases (expecially young working people building families) due to the one child policy enforced for many years , you can expect a decline in real estate prices until that reverses or stabilizes itself.
Real estate bubbles are always tied to debt. Imagine if you had to pay cash for properties. They wouldn't be worth much.
The real estate bubbles are debt mechanisms and Xi is reigning in speculators like Evergrande. Finance capitalist countries like US cannot erase debts and hence are debt polarizing into oligarchy. Advantage China for the win.
@@paulb3243China is smart and doesn't immigrate Africans or Muslims. You destroy your country with immigration.
Covid death also creates real estate inventory.
In the essence not wrong, but seriously oversimplified. And in the Chinese situation not applicable. The chinese bubble is bursting because they have millions of units and houses that are tied to large amounts of debts and no buyers for them and on top millions of chinese are loosing and have lost their jobs duringand post covid; reasons are also because big companies fleeing/relocating.
maybe Russian and Iranian international companies can now move in........maybe multi million dollar Belarusian corporation.
That’s the ticket.🙂
Belarusian? 😂😆🤣
@@sirrathersplendid4825 sorry Belarusan but you did get my point.right?
Lol
@@raybar7360 - Wasn’t commenting on the spelling. I don’t think anyone knows if it’s Belarusan or Belarusian (I prefer the way you spelt it first). Edit: UA-cam dictionary prefers that spelling too.
I can only guess you were thinking of proxy companies set up for firms actually based a few hundred kilometres east of Belarus.
Glad to hear this news
What goes up , will come down.
We also need to think about the shoddy construction of a lot of these new building projects...would you rent office space in one these deathtraps?
When the Chinese middle class realize their life savings evaporated in the real estate bubble crash, then what?
That's what happens when you're too greedy and want to claim the lands that are not rightfully yours.
I have word from one city in China that an apartment that sold for 1.2 million yen in 2015 and which at one point could fetch 2.3 million could now get about 1.6 million.
SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 Oh, shut up.
Foreign companies moving out of China proves the point that without these companies, the Corrupt Chinese Communist Party will collapse as well. Taiwan 🇹🇼 is an INDEPENDENT, FREE, PEACEFUL, DEMOCRATIC and SOVEREIGN NATION. God bless the people and leader of Taiwan 🇹🇼
This makes sense. The CCP has been killing Capitalism since they got Hong Kong back from the brits and since war with Taiwan and the US is all but ensured, seeing companies evacuate before it's too late is good business.
The freaking thing happened in NYC.....48% commercial office buildings are emptied.
ummmmm, no.
I'm live in NYC. it's true. Downtown Manhattan has blocks of empty commercial space.
@@Lady_NYC You think that after the worst Covid rules are cancelled people return. They don't! Business got used to needing less space, many workers happily worked from home. So in the end business don't need EVERYBODY in the office the whole week. Sure they want people two or three days in the office. But... do you need such huge buildings?
And the stores, well without people buying why have a store? The area is expensive enough as it is already in good times.
Yes, any big cities in USA (LA, SF, NYC, CHICAGO, PORTLAND) controlled by socialist democrats are declining due to High Crimes rate. However; they move their businesses to Florida, Texas.
think that is bad hundreds and hundreds of commercial space in San Francisco is now empty and 45% vacancies for commercial space is now empty. The Tenderlion area is now nothing but empty retail. This was the high end retail All that is left is drugs and crime
This is what happens when politicians start interfering in business to assert their superiority.
Do not forget rich chinese also fleeing
Rich Chinese are showing up at the USA southern border, up by 300%. They're wanting to get away from communism oppression.
Like HK, big money cannot leave. Nobody will buy your real estate, nor business. Smaller sums can still leave secretly.
India is offering efficient cheaper labour and low rents for Industrial locations.
I live in Shanghai, this is false. Rent has only gone up. Foreigners left but there has been a massive internal migration from tier 2/3 cities where foreigners are now flocking to Shanghai.
Agree. This channel is full of fake stories with AI voice. I am a Taiwanese and have friends in Shenzhen and Shanghai.
In the long run real estate back to reasonable levels will be good for all Chinese. Reasonable rents will put China back on competitive level. Let the speculators go bankrupt, bear the short term pain. Things will go better as correction is over. Learn from the lessons!
@@camrobertson1886 Agree
Why rent in China regardless of the cost of doing business there makes no sense?
@Cam Robertson Like totally
Understand that what are called "foreigners" in this video is not what we in the ROTW call foreigners. A foreigner in China is anyone that has come from outside that city/area, not someone from another country.
If this is Shanghai and complaining about loss of "rich foreigners", then it is most definitely not talking about other Chinese nationals.
Can you imagine how many mistresses were left behind? All these women were used to a lavish lifestyle provided by their lovers and now they will have to fend for themselves. 😭
They usually go back to their hometowns and marry a local guy.
There is always onlyfans
@@alecstahl2387 You don’t understand women. Only upgrades never downgrades. But the amount of millionaires in China is also decreasing as we speak. 😖
They are strong and independent, they will be alright
They will start comsidering taking up “ clients “
Sadly this man will probably "disappear suddenly".
can you provide any source for this information
I dont find any news regarding the videos that you show us
Good
Couldn't mappem to country more deserving of being shut down.
Pandemic, concerns with China's continued support for Russia, concerns with China's activities around Taiwan, the potential for open conflict with the West, concerns that China might hold foreigners as bargaining chips in any future conflict, and the very real possibility that the Chinese government will be destabilized by any conflict all can drive the flight of foreign companies from China. There are economic costs for aggression in the region and globally and for supporting regimes that are openly expansionist.
No worker rights
shady business practice
Mass Censorship
Continued propaganda
Price hikes
Overly complicated tax laws
should i go on?
Better run
@@parnamsaini4751 Just good strategy. Look at the conditions and adjust (leave) accordingly.
Expansionism ? Agression ? The US empire has been waging wars all over the world since WW2. Mostly for false reasons. China and Russia are small players compared to them.
Tesla hasn’t left Shanghai, and it has to be among the top 500 companies there.
That's mainly because they can't afford to move away tho, after all the things the CCP used to attract them there. If they tried to leave, they'll lose all the business and factories that they built there, causing huge losses that Tesla wouldn't be able to hide.
Musk thinks he can out play Xi. But he forget a dictator just have to put his foot down to take everything from musk.
Heard Elon Musk has already started building a massive factory in Mexico to move his operations from China to Mexico when the factory is completed. It’s only a matter of time that Elon transfer most of his operation there and leave only a small part in China! Happy news right?
@@ditsygirl5409 No smart business guy will make such a silly decision. Compare, reduce or increase!
@@charleschoy2327 what do you mean by silly decision, I don’t understand?
What you sow so shall you reap
It's KARMA
China still wonders why - Bad mouthing your customers (US and EU...) and supporting Russia, plus the Taiwan issues have frightened companies expecting sanctions or other restrictions. If you were a CEO or a buyer, would you trust the current political situation? Would you still have a job if China carries out all of its threats and becomes Persona Non Grata and you ignored the warning signs?
Yet another beautiful piece of news to be waking up to!
TLDR
China: home prices are tooooo damn high!!!
Real Estate drops 40-70% and still no buyers
China: This is not what I meant!!!