Where Did A Million Chinese Millionaires Come From?
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- Опубліковано 12 лют 2012
- The Ka-Ching Dynasty! - China. From communism to capitalism, a new generation of very young, very rich people have emerged, but where did they come from? Subscribe to journeyman for daily uploads: ua-cam.com/users/subscription_c...
The economic transformation of China has been electrifying. But with Europe teetering and the US plodding, can the biggest tiger of all keep on roaring? China's super-rich certainly think they can.
Outside a private Beijing nightclub Porsches, Maseratis and Ferraris compete for space. Inside the club is packed with the children of China's super-rich enjoying a 'palace' themed party. China now has almost a million millionaires, six hundred billionaires, and the numbers keep growing at a staggering rate. As a reporter for the Hurun Report rich-list points out, they are a force to be reckoned with: "certainly we need to be aware of and understand this group."
Even more striking is the bravado of China's super-rich, who feel that they can keep going from strength to strength. "I met an entrepreneur last week who said that if all goes to plan, in ten years time his business will be ten times the size it is now". The focus is certainly on quick growth. Current projections say that in ten years time half the world's billionaires will come from China. While there are warnings signs that the economic woes of Europe and the US will hit China, China's super-rich don't seem concerned. For some the hope is that the Chinese market will pick up the slack. For others, who have only known the good times, anything else is unthinkable: "if I have any spare money I buy sports cars."
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“Money means nothing to me”
That’s because you have it.
Go up to someone and ask for a dollar & when they give you a dollar you rip it in half and tell them "Money means nothing to me" than walk away like a boss
instablaster
@@PureVikingPowers i dont think anyone is ripping a coin in half
@@StreetDrilla Than you have never meet anyone like me 💪🏻😎
I sense he has real empty sense in his heart.
I love how there isn't a single outdoors shot with a clear sky. The pollution is crazy.
They know that the pollution comes across the Pacific to CA.
@@andrewcheong2744 nothing like blaming the whites 👍
@@andrewcheong2744 I guess burning garbage makes their water (fresh water lakes and rivers) red too ? No you have no idea what you’re talking about S they pollute their own air and water with their industrial infrastructure and the low restrictions they have on the dumping from the industrial industry
The biggest renewal energy projects are nearly all in China, they recognise the problem and they are making pollution a priority to deal with.
"A Million Chinese Millionaires" came from a govt that was willing to trade it's land's environment for faster development, and from an ocean of people who will work for less than 3,000 yuan a month.
The wealth gap is huge in China.
There’s a massive wealth gape in almost every country your point?
Theos trogon: The only extrapolation is a global conspiracy as supported by your point. Of course our society has decided such things do not happen. Conspiracies - ie one group conspiring to exploit another - are now thought to be delusional. This was a convenient redefinition to discredit any discourse with the losers. Ken Bowd
theres bill gates and opposing side there are homeless people
the point is all 300 million people has the opportunity to becoming a bill gates
theres a huge gap, homeless might getting a year long less than bill gates every second
@bob morane
by CNN sure
in reality they working and the hardcore communism , marx-engels-lenin is rejected
they dont follow any of past ideology
The scenes where you can see the air quality are ridiculous. The air looks like it's as thick as mud.
Where Did A Million Chinese Millionaires Come From? Of the backs of 1.38 billion poor Chinese.
lockudlad
LOL
No labor laws. They train thousands of slaves a day.
Environmental laws are practically nill.
lockudlad plus all the crap Americans buy made from China.
***** yup, its the cycle called capitalism. a poisonous evil but the lesser of them all so we as americans run with it. lol just like the french monarchy we all will fall to materialism :O
***** yup, its the cycle called capitalism. a poisonous evil but the lesser of them all so we as americans run with it. lol just like the french monarchy we all will fall to materialism :O
lockudlad where is the rich American come from? Of the backs of 6 billion poor human.
I love how Chinese and Japanese business leaders explicitly state they are making the right business decisions that American business leaders failed to make... "Lowering worker wages is not the way to go" *cough cough*
Blue Finally Gets A Clue yeah and Canadian realestate with all of the crime lords
You can't lower wages of there are no wages. All of this money comes from the CCP. Government owns everything and chooses who becomes rich
Ben Goacher , your tin foil hats too tight.
That comment could have aged worse xDDD
"failed to make" have you seen american business leadears they fucking fire employees for higher wages themself. Atleast Chinese and Japanese people do it to expand their business and not their pockets.
Nothing wrong with wealth but it's just saddening considering the status of the poor!
18:58 that is one of the creepiest and strangest sights that I have seen for a while.
They play musical chairs in the club? 😂
it is very popular among Chinese adults - who really are just like selfish children.
"Where Did A Million Millionaires Come From?"
From 1400 million Chinese. Each of them aren't the 'Single child'.
this last guy with the bentley cut corners over the midlle line :-)
The first track is actually a remix of a Britney Spears song called "Gimmie More" -- plenty of remix'd versions of this track..
The track from 1:06 - 1:36 is a different track.. "Tian Lan Lan - Feng Huang Chuan Qi" --- can't find the remix but the original actually sounds quiet good.
had 2 find the 2nd song manually.
Remember to thank me.. :)
Most of my focus ended up on the pollution. I really would love to build a towering in size air filter for them and see if that does anything.
The difference between when this was filmed, and what China is today is night and day. The China of 2012 was so different from what it is today. Most of those talented people who were rebuilding China have fled or are in hiding. The truest words of this documentary were at the 18:20 mark.
can I ask why are they hiding? what wrong did they do?
@@alive2eat751 @Alive 2 eat Usually these elites get in trouble because they backed the rival Jiang Zemin faction of the CCP. You will have a very unsettled life if you are not completely aligned with XJP.
just ccp things dont worry about it
"Personal wealth means nothing in my Life." Only a billionaire can say..
MOTHER FUCKERS!!
In my 46 years of life experience, I will tell there are exactly two kinds of people who say money means nothing to them: 1) the wealthy who do not need to worry about the daily struggles and challenges life without unlimited resources presents, 2) the people who don't have enough money to easily deal with the daily struggles and challenges life presents; those who build a psychological wall to protect themselves from this fact. I see death as an analogy. People say, "I accept death because it's something we all have to do; a part of life." Rubbish. No one really wants this reality. We only "accept" death because at present we have no alternative. We need to prepare mentally for that eventuality and that is exactly what the non-wealthy who need to prepare mentally to go through life with financial struggles by saying that money doesn't mean anything.
your opinion, not a fact,
@@titteryenot1136 are you going to make a point here or just state obvious shit? By the way, my comment on this was 5 years ago.
Hmmmm, not saying your wrong but I dont think that is what the gentleman was meaning. I think what he was trying to convey was that he is not driven by making money in what he does. He is driven by other factors. He is a doer. He is driven by achievement and creation. I agree with you that its easy to say that when your wealthy though. For those of us who are common folk.
@@camcam1577I get what you’re saying, but experience tells me this is true. I used to have a nice little business. I wasn’t wealthy but you could say I was rich. I never looked at prices. Didn’t care. Didn’t have to. Didn’t care about money. I had a lot. Sold that business and now I have to budget, have to think about money and worry about it. I’ve lived both lives. Trust me.
They got thereby Enslaving the other 1.3 BILLION other Chinese.
AustralienGuy what do you think is slavery ??
@Albert Lima Lima and Africa dod it to sicily and other Mediterranean countries. Whats your point?
Bobby Manganaro so your point is west should do the same although western pride themselves as the champion of civilized world.
Western will always assert their skewed perception that they are the only one who deserve to lead the world. The rise of China will going to be major threat to their dominations.
China has few poverty not like other country 🤣
It's funny how we obsess about China's problems, but we have exactly the same issues, sometimes worse, but we act like they don't exist.
not sure if fun or sad QQ
Rubbish. China has loads more corruption and nepotism than North America and Europe.
+boogie thyme that is real talk
Ive been in China and Ive never seen that before. It makes me think how people take China's problems or controversies out of proportion just out of the feeling of being more superior...
Tem Sam No man, I've also been to small towns. I've seen the poor people, but they work hard and seem to be comfortable. I have not seen "common" things like safety nets or enslavement (in what sense do you mean by that). But I have seen pollution (only in cities), and experienced the censored internet. Maybe it is still not a sufficient account, as Ive only been in the southern regions. China is big after all and still developing. I think we should just give them time to let them adjust to their rapid economy growth... Have you actually been to China?
Copycats don't have an original idea of their own. U.S. Companies making these people rich. Cut the ties bring our companies back home and buy American made products people!
The problem is american product is too expensive for american middle class.
The solution is making more country in competition with china will reduce the price. If china decide to make their price high, people don't have choice
There's a Chinese proverb about wealth. "Wealth last three generations, the first generation makes the wealth, the second enjoys the wealth and the third spends the wealth.
I live in Las Vegas, Nevada, USA, Us Americans like the Asians and Chinese visiting our city. The girls are beautiful. The Chinese are very nice and polite, they do not cause any problems. I went to China and the sky looks dirty and it looks dirty in China. I like USA.
LOL what is this a 3rd grade children's social study text book???
I live in Vegas too. Never been to china, but my parents had in 1979. A different time.
I'm not buying it. I've been to China several times and outside of Beijing and Shanghai, all I saw were underdeveloped areas and/or empty buildings. There's too much of a difference between the lower and upper class.
the American way....
And you dont think that's what is happening in America right or anywhere else in the developed world..? 😤
Jay79 Miah Are you stupid? I have lived in Illinois and Florida (two states in the US with Florida being more developed). Illinois is more farm land and peaceful while Florida is more cities and hot weather. Illinois still has a school system, public transportation and many other ammentities for every day life in the US. I bet you rural areas in China dont have that. Florida is obviously going to be better than the midwest, but atleast in the midwestern I can still go to college and not have to starve or work for 18 hours a day.
Blueface Baby have u been to LA? The 2nd developed city in US, still have a large number of homeless people living in the street.
purple Flash compared to beijing, you can't see the bar of homeless people in Los Angeles.
Two words: Bubble economy. It will burst in a big way. It is not a matter of if but a matter of when. Authoritarian economy like China has not fully learned about international market systems and their effect. Other countries combined still have more wealth and power than the Beijing regime. China has only grew rich because of their connections with the government. These elites has not experienced the collapse of the bubble economy. So they can enjoy their new found wealth all they wanted until the downfall of their inflated real estate bubble and economies based on their falsified financial records.
Even in byron bay Australia the exact same thing is happening. Locals are being rented or bought out so fast that people have to move from the homes they have lived in comfortably for their whole lives. People need to start looking hard at this problem, because its destrroying lives and culture.
24:19 "investor in the service industry"
PIMP
Whaaat ?😂
This is probably the biggest missed prediction by Deng Xiaoping when he reformed China's economy. For those unfamiliar, Deng believed that having some people become wealthy faster than others was okay, because the wealthy would eventually bring the poor up to par with them. Boy, was he wrong!
He's not wrong, it's called step down theory.
As the rich get richer, they buy more things, eat out more, buy more houses from business which drive the economy.
Take for example, buy a house is not just buying a house. Real estate person makes money, construction crews were hired to build the house, construction need heavy machinery, construction crew buy from local restaurants, local restaurants hires more people, etc.
@@riceball4u172 step down theory my ass more like step bro im stuck help wait what are you doing step bro theory
@@g_y.rtz420 1.4 billion people officially out of international poverty standard isn't wrong.
Wealth means plenty to me as I dont have it... Very good video, thankyou Journeyman Pictures
I haven't watched the video yet but wanted to say that without question that is the best headline-title I have ever seen on UA-cam.
Brilliant.
Vancouver, SF, LA have lots of super rich Chinese.
Thinking exactly the same thing, but also assume New York and Dallas make the list. Ever been to Pebble Beach? Golf, celebrities, and spoiled kids that the government forces US to pay so they can say no to drugs. The war on drugs was never about drugs though. I think we should get our money back.
They came from selling products to US consumers through companies like Walmart ;)
Back in the 70's maybe 80's everyone was saying Japan was going to own everything because of their amazing economic growth that didn't seem to stop. Their economy has been stagnat supposedly since the early 90's.
glad to read your summary. thanks
their atmosphere is just so polluted. The air is brown!
yousif vaz ikr
Hahaha even London and new york was a filthy place once upon a time,😉
Thats why they buy property in the US..
@@romchompa6858 correct, and SE Asia is flooded
Account Vz do you mean that you’ll want to trade a cheaper iphone/computer/car for the clean air of Beijing?
Money does not buy wisdom, discipline and fortitude
wisdom, discipline and fortitude gets you money
Roberto Gonzalez and it also make your bubble goes bust..
michaelfunghk1 nor style & class
luke skywalker how did you figure that? The US inflation rate has increased 2424% since 1914 the year Ford started paying $5 per day. In today’s US dollars that is $126.22 per day which even at 10 hours with no break would be 12.62/hr which is well above minimum wage in some states. If they worked an 8 hour shift it would leap to 15.75/hr so how do you figure they were underpaid?
@luke skywalker Ford was paying twice the average pay for workers which is why so many people wanted to get hired there. Henry Ford is also the reason we have the standard two day weekend. He wanted his workers to have the time to buy cars themselves.
Very informative indeed.
On a lighter note, the musical panda cars are so cute!
Yes.. but probably made with toxic chemicals.
This is the reason , China is neither a communist nor a democracy. If you go in true Karl Marx sense, no one group should own this much of wealth and wealth should be distributed to all groups. All industries should be state owned.
China is a dictatorship and they can call whatever they like.
China Property investment has changed Vancouver Canada. It has changed the dynamic of the city, it has driven up the real estate prices to the point where Canadians cannot live within 50km of Vancouver. China has a mandate to buy and buy. It is similar to what the West did in the Colonialism/Industrial revolution back in the early 1900s. West has evolved. Yet China is in the 1900s mind set. No consideration or thought of environment or impact on others or rules. How can any economy compete? It is like a rabid animal eating all of the food around, whilst others are busy working on global issues. Very disruptive!
Great video, one thing though PLEASE prioritize narration volume over music.
You force me to max volume to hear what I clicked on the video to hear only to get blasted with music afterwords.
They do. Nearly everything we own is made in China. Many designer products, cars, smartphones such as iPhone and Samsung are made there too. Home appliances such as fridges, washing machines. The list goes on.
The documentary takes forever to get down to brass tacks, way too much fluff...
So the building/hotel was ASSEMBLED in two weeks.... not BUILT in two weeks. Big difference. The length of time it took to make all the pre assembled pieces should be included in the total duration of time to make/build the hotel. I know, i know, that doesn't sound as impressive.
The Chinese students I had here at two universities in France in '10 were miles ahead of all the others.
That series of shots with the teletubbies and the animals.......reminded me away to much of five nights at Freddie's.....
I am Arab and I am happy for them not jealous of them! Not like some white people jealous of them!! China keep going
Fr
Arabian shall rise again, like what you did hundreds years ago. But you guys need to reform first.
Amen
why arent all buildings pre made? seriously modular construction has been around since the 20s. Sears had catalouge houses that you could get all the parts and priced and built in a month
Because they are fucking boring and fucking ugly!
no they definitely were not ugly and came in up to 500 different variations. These premade houses are everywhere and people always modified certain arts with local carpenters. Four square houses and Bungalows are prime examples.
I often ask myself the same. A house should not cost 200,000+ euro.
It should be 90% modular, constructed in a factory, delivered and installed for 25% that price.
I don't know about modular housing but as you pointed out, Until the 1920s Americans constructed buildings with walls made of stone and brick that bear the weight load. So today any prefabricated home seems low quality and unstable. Also the US has very strict rules on buildings due to earthquakes thus they are made carefully with deep foundations.
up down up down up down on the volume. Gheeez Journeyman can you just produce a listenable product between voice and music?
Even though Journeyman has made a lot of economic documentaries about China, the way you present these documentaries makes me wonder how much have you actually truly learned about China? I'd recommend you study the Chinese culture, and its history a little deeper. Also, the translation of money is off by a HUGE margin. Let's just say I am a Chinese American business man myself, and I was born and raised in China. Trust me when I say, you're getting a lot of things wrong and mixed up here.
Well done to the taxi driver guy
Will China ever be able to see blue skies again?
China is a very big country, just the big cities like Shenzhen or Being are polluted, but this happens all around the world
Yes
Yes right now hahah
@@frogmanthelibertarian1482 Liar. Pollution in this scale is not a global complaint.
In pictures probably
it's a house of cards and the sooner it topples the better. Then we will need factories here not there!
Then don't be surprised when your next laptop costs 5000$ instead of 500$.
@@amazingdany ikr
So that French dude didn't need subtitles lol ? I don't think the other dude knew what he was saying lol so he cheered him
Great music. Who is it?
Only one problem: the high-end real estate they're building is sitting empty because more than 90% of the population makes less than $1,000 a month.
Mephallica we are going to get rich sooner. Thanks to trump and dumb Europeans.
"We Preserve Life" yet the facility has emissions coming out of it... ohhh the irony
Anybody know the disco song for the overture of this video? It sounds catchy.
Every chinese family holds gold reserves. Bought over many years at low prices untill 2003 when the price went from 200 too 1800. I see them at work every day. Poor looking people with hands full of hundreds
Seems it doesn't matter how much money they have ... young people today are unsociable mobile phone addicts.
What I don't understand, common Chinese citizens aren't supposed to invest outside China hence the empty cities throughout China. How is it a few can invest outside China? I read an article an elite wealthy Chinese family bought their young either currently 10 years old or younger her own apartment building in Manhattan. Was this under the table? I heard from many Chinese lower class, illegally funnel savings outside China to US banks, UK, Swiss, or other banks-- like this? Or elite class?
When Zhang Xin refers to some government official's ideal about Beijing, namely a modern version of Manhattan, I just kept thinking about the smog, the unsafe food, the seriously polluted environment and those entrepreneurs who could not protect themselves from the arbitrary arrests and imprisonment. Beijing is nowhere near "Manhattan".
what's this song at the end though? 😂
The Chinese real estate market is the biggest bubbles every created, and it was fueled by Chinese government policies.
Bubble just bursted now
#evergrande
@@dhirajgadkar2286 It's just starting to pop, and when I commented 7 years ago I never would have thought it would have lasted this long.
Nice doc, wish there where some subtext though. Cheers
My dad keeps telling me to learn Chinese it’s suppose to be the language of the future😂
INDIA HAD A SCOPE OF RICH COUNTRY BUT AS FAR AS BULDING AND MEGASTRUCTURES FULL OF CURUPION OF GOVERNAMENT NO WAY INDIA COULD BEAT CHINA in constructions
taj mahal ...
My concern about sustainable wealth in China relates to a statement made in the first minutes of the video: most wealth is tied to real estate.
This investment vehicle is fine and sustainable only if the economy continues its accelerated growth and sees a steady population growth, either by means of immigration or native births. Although some foreign businessmen do make China a more permanent residence and China does experience relatively modest immigration from Southeast Asia, worries should arise about a stagnant Chinese economy in the future, as those experienced by the Western economies at one point or another.
As with any commodity, prices can only sustain themselves if demand for the commodities exceeds the supply of it. China is facing a population crises, due to both systemic population growth retardation from the government (one-child policy) and arising cultural conflicts about the nature of marriage (China faces a dearth of women for men, along with incompatibilities about Chinese women's expectations about marriage and companionship compared to men's). Whereas government policies can be reversed, the conflict between reconciling Westernization influences with traditional values may be harder to resolve. The lack of a foreseeable population growth may be an Achilles heel for China in the long run, but a short term may already be set in a possible bubble for the real estate industry.
Ghost towns have already come forth, but continued construction persists due to stimulus packages from the government and capital inflow from foreign sources. What will happen if the government reverses this course of action or foreign investors look elsewhere to place their capital. As much as the Chinese phenomenon looks impressive, a darkhorse resides in the economies of Southeast Asia, as more countries from the region open their doors to the rest of the world, much like China did years ago. Examples include Vietnam and Myanmar. Already these countries have begun to compete against China for the right to manufacture many of the West's products. And they have gained some ground due to cheaper labor. This competition may accelerate even further should these countries acquire the infrastructure to facilitate production of more technologically advanced products.
I'm not calling a doomsday for China. I'm simply raising a concern. Feel free to discuss.
your absolutely right. china has a population issue. in the last decade, her economy and industries have grown faster than most other Asian countries, but at what cost? answer human rights. so the people are going to go where they are treated with a little respect and decency. in 2012, china was the #1 country for immigration into my country, Canada! (we're not talkin' usa here folks) in that year, 33 000 permanent residents were admitted. Canada is expecting 45 000 within this year, growing our economy and infrastructure. I have a lot of Chinese friends and they all know this, only 1 of all my Chinese friends plan on moving to china and its for a job opportunity and he plans on returning to Canada. o btw, these numbers don't include illegal Chinese immigrants.
so what is china up to you ask? nothing usa and japan haven't done long ago, grow their economy and industry at a rapid and scary rate. the result, more Chinese money in Chinese pockets, big hairy, it's Chinese money. they're environment is hell, they need masks because of all the pollution. they're rich to poor rate is worse than America. they're like japan in the late 80's, early 90's but with a MUCH larger military existence and less activity on the stock market.
to give her credit, china is working on her pollution catastrophe. china has planted trees covering an area that is the size of Greece, ya the country! if they wanted, this could reduce the amount of Canadian lumber that is exported to china :(. scary for the Canadian logging industry but Our wood is of much higher quality and we can produce more of it without a shitty environment. the Chinese love this fact, that's why they're trying to buy out all of the low end logging companies. our brother America is always 2 steps ahead on the other hand. America is more experienced and aggressive with outsourcing precious resource as everyone knows, and their military might reaches far beyond their own nation.
If it came down to a resource war, the west, japan, and other eu countries would hands down win. international stocks would be the same because they're already invested like 100 years ago. what do we get from china other than products poorly made in china? (not trying to be rude or racist)
does china export a Chinese car? question cuz I don't know I don't drive or even care for that matter.
in conclusion, the Chinese "empire" will be reduced to the ancient Chinese empire before they even put a man on the moon. I predict civil war within that country within my lifetime. I am 28. I love china as a country and I love it's history, but by no means will they ever take control of the economic world, as it exists today. sorry china, but japan beats the hell out of you already as far as economy goes, and your pal Russia is just plain tired and rundown. that is all.
but2star I'm not racist. sorry if I offended you. I said nothing racist, in fact I tried to make that clear. I accept gladly all races and cultures, especially the mandarin and the Cantonese cultures. Canada welcomes all cultures, but we will never lose ours!!! true north strong and free, ya buncha racist heathens.
Hmmm, very funny! but2star!
this is aging like wine
Was that a Radiohead cover at 15:00!?! Too funny!
21:53 Excellent performance art
Should stop watching such videos and focus on your own millionaire dream...
Ikr
yes,as an individual,we must feed ourselves first
It's none of your fucking business.
Alex a example of the 12 year olds that come into the comments and just destroys all the decent conversations
how is everyone here doing on your millionaire goal now that 2 years have passed?
Name of the song at the beginning?
Darude sandstorm
At 17:00, the plane's pilot is probably having champagne and lobster too.
today, all those people in this all gone...
Does anybody now the name of the song that starts playing at 1:06 ? much appreciated
+Armand Rizal i oso don no
+Armand Rizal I think it belongs to this group 凤凰传奇, but i don't know the name of the song
Darude sand storm
I am very happy for China and the Chinese. We have a proverb in Africa When your mates die young life is being poetic to you and reminding you of your own mortality. When your mate makes it rich life is being poetic to you and telling you that you can make it too. For all those Western haters who have deluded themselves into thinking they are superior races because of relatively recent national wealth (most of which was stolen) I say life is being poetic to you as well. China Rules!
yay.. hope is ripe for India and Africa thanx to China. Like you said, if they can do it, then so can the next joe brown
blaq rose lol
lol what?
gl7rwh34 Lol what?
TheBabane02 hope is ripe for India and Africa thanx to China.
it's more like it's a bit delayed thanx to China .
As far as Chinese ambition, gotta give them credit. Wow, everyone the guy talks to is going to be the best in the world.
I am feeling confident too: In a few years, I might buy a Mersatis Benz.
What genius decided to put the annotation pop-ups in the same spot as the subtitles?
Song at the end anyone?
OK then, you start, we'll join in :)
like japan in the late 80's, early 90's, but greedier.
Good movie but as a movie lacks the details and depth only a book and sound research can deliver. I would recommend a complementary reading of " A Brief History of Money - How We Got Here and What's Next?". Available on Amazon
It is currently sustained by massive exports as was several empires throughout history. Rome, Byzantine, Early Spanish, early Dutch, Early English, and Early American Empires. And a few make quick non-empires in geographic size usually due to a few hot commodity export resources such as Middle East oil countries. All of these nations' wealth disparity caused them to either collapse, economic turmoil leading to social unrest and require them to respond. 18:27 precarious situation.
does anyone know the name of the chinese song in the begining?
+Michael Hong Yeah, i want to know as well :(
+Michael Hong 天蓝蓝remix - 何鹏
+PrecisionAcc thx
Sounds like a remix of gimme more - britney spears
The jealousy of americans are a damned joke. Meanwhile americans tend to go on and on about how 'capitalism will save us'. They don't show this enthusiasm for the chinese...we all know why.
+Nikki Jones lol Americans have realized that too much capitalism is the reason for most of their problems in America....something the Chinese are still ignorant about...don't beat your chest too enthusiastically..
One word. Credit :)
Thank you Alan Greenspan.
Real estate is pretty dead in China. Entire towns full of apartments and housing remain empty. Go ahead and make more houses but there is no one to fill them. All people who can afford housing already have. They are too expensive for most Chinese citizens. They have entire ghost towns and a huge homeless population. The only way to do any good with these building is to lower the prices. They may lose money but at least they can do something good by allowing theses homeless get homes. Imagine if your only apartment option was $1000/month, but you were payed $3 and hour. You would have to work extremely hard to make it through the month. now if they lowed the rent to $300 you could easily make it by. Then life would be good for everyone. There is no compromise in reality though. China is on a steep slope. We will see how this whole thing goes down but you cannot have overall success when people are either super rich or barely scraping by. It is a viscous cycle.
Josh Humphrey! The only way out is sub-prime lending and we all know its consequence. PRC follows USA to the last dot.
This is now the situation in Britain, where private landlords own dozens, or hundreds of homes, while their tenants are working all hours to pay the now extortionate rents in Britain.
We are going to have millions of people, drained of all resources and being dependent on the State, for the sake of a very wealthy few! How stupid can a society get!
I need to put in overtime work to fund my landlord's new Bentley! Britain is sick.
Our government gave them all our factories.
They became wealthy because of course from US and Western European capitalists or investors and technologies. Where else will it come from? At the onset of their economic situation under Mao, they were close to being broke. Everything became better with Nixon's Ping Pong diplomatic policy and good relationship with Chou En Lai. It opened all the doors to business opportunities. That is how they prospered. The seeds of prosperity came majority from U.S. capitalists not from Socialists or Communists. Unfortunately, it's sad they still consider us as their enemies instead of being trading partners..
Does anyone know the song at the beginning? I know it’s a remix of Tian Lan LAN, but which remix ?
Interesting video but it's truly annoying to have that pink playlist band across the translated words. It should be on top, not over the translation.
Hater
The fast asembly of the Hotel is very cool. As the Man said, this building did not make a mess and the production was clean and fast. Building technologies like this will go a long way. He is not limiting himself to the old ways of doing things, He is the Henry Ford of China in my opinion as far as buildings go. Whatever you think of China, take note they are over 1 billion people, mostly all speak the same language, they are also teaching their children English, which by the way has root words from the Vikings, who traded in silk back in their time. The world has been a global trading partnership for a long time. This might be the death days of US Empire, but China is the new one on the block, that is one reason the USA and other nations are becoming afraid and trying to control the on rush to the growing Giant.
Hang on. If the welding smoke is not at the actual build site, then where do you think it's happening? At the factory where they build the components used to build the construction. So, give and take here...smoke here on the building site or the factory...still the same. Nevertheless absolute full credit to the Chinese in getting that construction up in...ah...how many days? Gulp...14 days, well done. It took me six weeks to do a fucking bathroom renovation.
jaker55551 Will that building built in...aah..hmm...14 days, stand after a year? Even curing it properly, the concrete takes 14 days.
Why can't all the fealty rich take a poor neighborhood and rebuild it so the neighborhood don't prosper and get out of poverty, build hotels,fancy Restaurant,office space then the poor can work for their own neighborhoods.
If they all did this we wouldn't have so much crime,poor people commit crimes because they are poor, they want to eat just like everyone else
There shouldn't be no reason why people are starving to death. With all the food we have, and waste it we shouldn't be hungry.
I'm poor but I still feed the poor, I help elderly people running errands for them
Clean their house, I grocery shop for them also
I believe in helping others
I don't get paid for none of it.
They just give me knowledge and wisdom, every now and then they give me small tokens of appreciation.
Like bouquets of flowers
Movie tickets
Quilts, gloves hats
Home made pickled foods
I love to help people , I do all this and I suffered traumatic brain injury 4 months ago, at rehab recouparating now.😢
@dulcelina You can deny it forever but the saying "Give a man a fish and you will feed him for a day. Teach a man to fish and you will feed him for a lifetime" will always be true. Too bad people like you and alot of other people really think taking money from successfull people will make the poor middle class. Until the poor stop whining and actually bust their hump learn a skill, they will be poor. When you say why i don't pay them 15/hr., ask yourself from the employer side- Would you pay some guy 15/hr wash your clothes or cook etc??
amazing
I m fucking jealous of the chinese.
+Your Daddy Saitama raise that iq nigga
Let us be clear here - Capitalism is PREMEDITATED EXPLOITATION.
To set up a business, the first question is always "How much profit can we make?"
"Investment" - so often lauded as a good thing to be 'attracted' - but no-one invests unless there are long term profits to be made, or short term capital gains.
Again, exploitation.
At 24 minutes, the guy owns super expensive cars, and he says when he has a bit of spare money he buys some. He said "buy some". But he only buys some super cars when he has a "spare bit" of money.
An easy way to see China's industry is by collapsing scrap metal prices. Steel is down to 1/2 a penny per pound! It costs more in gas to drive it to the scrap yard then they get for it... That's down 500% just from last year. Manufacturing is so slow in China there is 2 years worth of steel scrap stuck on ships and storage sites, that is what is causing the massive drop in price.
China has used more cement in the last 3 years (6.6 gigatons) than the US used in the last 100 years! (4.5 gigatons). Source USGS quoted in 'Making the Modern World' by, Vaclav Smil. This is a mind-blowing statistic. I was in China for a month,, fantastic place with fascinating ancient culture and wonderful people,, but Ive never seen such polluted air. In Xi'an it seemed there was a fire on every street, the air everywhere thick with smoke and an acrid smell that had me wheezing, even though I have not had asthma in four decades. The Terracotta warriors were worth the trip tho' ;) -also spent time in Shanghai and Beijing. I Love China, I just think the gross disparity in wealth we see globally is very sad and can only destroy democracy.
Thank you for your posting it makes you really stop and think. They need to slow down. Sounds like they are doing things to keep people working and they will never use all those cities and things they are building. Parts of China like you said are lovely. Their first big problem is the pollution it is killing all the people there. Thanks
You should come back. You seem pretty observant. Learn a bit of the language-stay away from dem furriners, so's you kin lern it better.....
The ability to speak the language will open doors you never imagined existed. Even with as little as I speak, I meet the most amazing people and I have never once, in the year I've been here, been treated unkindly. Neglected, yes. Hell, salespeople in America toughened my skin years go to that. But the instant I speak a little of their language, we're off and running.
Get back here and see for yourself what's being done to ameliorate all the problems. For one, look out the left side of the plane as you pass over Jilin province(assuming you fly over the pole) and you will see a wind farm large enough to spot from around five miles up. There's another one in the ocean off the coast of Guangdong. They are going green with a vengeance, precisely because the country is run by engineers who know what a travesty industrialization has wrought.
Anyway, try to get back, you won't regret it.
freedom They have quality to.
this is the bubble.
ouh those clear skys :DD
Looks like a big bubble
but2star Artificial growth they have overbuilt. If you artificially build a economy without demand it will eventually fail. So if you believe in central planning you will like what the Chinese are doing but if you understand economics you will realize they have built a huge oversupply and it will crush prices when the government stops backing all projects.
Eorthisio Di Livio Totally agree, China's developers are expanding way too fast and exploiting resources in order to earn a personal fortune. This is definitely unsustainable for a country in the long run and the bubble's going to pop sooner or later.