Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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📉 The combat capability of China's People's Liberation Army (PLA) is only a third of what it appears on the surface due to issues such as formalism, corruption, and lack of combat experience.
00:22
The actual military strength of the PLA may only be a third of its apparent strength.
China's J20 stealth fighter faces issues with its domestically produced engine, including a short lifespan and high fuel consumption.
The domestically produced onboard generators of the J20 are underpowered, severely impacting the emission power of the aircraft's radar.
🚢 Chinese naval vessels face performance and maintenance issues, including challenges during overseas missions and concerns about the fate of aircraft carriers.
03:55
Chinese naval vessels have performance and maintenance issues, hindering their operation for target practice and maneuvering.
The fate of China's three aircraft carriers is a cause for concern, as they could potentially be sunk by the US military within hours in the event of a conflict in China's territorial waters.
China faces challenges in submarine construction, as commercially sourced parts from the West do not meet military standards and result in technical defects, frequent malfunctions, and impaired seagoing capabilities.
🔫 The People's Liberation Army (PLA) has inferior weapons and equipment compared to the US Army, raising doubts about its claim to be the world's leading land force.
07:40
The NP22's performance is inferior to the P226, yet it is priced higher.
The PLA is armed with outdated rifles and limited numbers of advanced tanks.
The PLA may not be able to withstand an attack from the US Army.
📚 Soldiers in the Chinese People's Liberation Army lack initiative and adaptability due to strict orders and procedures, leading to limitations in their skills and career prospects.
11:31
Soldiers in the Chinese People's Liberation Army have little opportunity for initiative and adaptability due to strict orders and procedures.
High-intensity physical training plans may lead to long-term injuries and illnesses for soldiers.
Many veterans from the Chinese People's Liberation Army pursue careers as bodyguards, security guards, special agents, or urban law enforcement officers.
🔍 China's military lacks originality and adaptability, and its pursuit of form over substance has worsened under Xi Jinping's leadership.
15:42
Military salaries have increased, but overall efficiency and pragmatism may be lower than that of the Indian army.
China's defense budget reached 1.45 trillion yen in 2022, but funds are not efficiently utilized.
New recruits in remote areas receive a monthly salary of over 4,000 Yen, while soldiers stationed on the India border can earn as much as 12,000 yen per month.
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Seeing all of those poor people saddened me significantly.
! Heart-wrenching scenes of children and elderly people foraging for food and bottles in rubbish bins in China.
00:07
A very small four or five-year-old girl was seen foraging for food and bottles in a rubbish bin in Hubei.
Another video showed a young boy collecting plastic bottles with his grandmother in Shanxi.
An elderly man in Guangzhou was seen drinking from a roadside puddle until a compassionate woman offered him water.
💰 The poverty threshold in China is significantly lower than official propaganda suggests, leading to a misrepresentation of poverty rates compared to the United States.
04:24
The poverty threshold set by the Chinese Communist Party aligns with the United Nations extreme poverty benchmark, but the number of individuals living in poverty in China exceeds this estimate considerably.
The official poverty alleviation standards in China are significantly lower than those of the United States, creating an illusion regarding poverty rates.
Last year's poverty threshold in China stood at an annual net income of 3218 Yuan, and this year it has been set at an annual income of 4000 Yuan to escape poverty.
💰 China's wealth gap widens to its highest point since 1985, with the income of the top 20% of urban families being 6.3 times that of the bottom 20%.
08:16
Residents report noticeable floor wobbling in houses that need fortification.
CCP's poverty alleviation campaign criticized as a hollow political show.
China moving further away from achieving a uniform level of prosperity.
🏢 Luxurious party-building projects are becoming more common in China, with larger billboards and the use of expensive materials.
12:01
Luxurious party-building projects in China are becoming more common, with larger billboards and the use of expensive materials.
Recent bidding documents indicate a shift towards more luxurious materials in party-building projects.
Some regions are innovating with new projects such as party-building stations, squares, parks, and complexes.
📚 The video discusses the misappropriation of laborers' wages in China, the reasons behind the CCP's reforms and opening up policy, and the inclusion of Xi Jinping's doctrines in the Chinese education system alongside Mao Zedong's.
15:54
Laborers in China are forced to accept low wages due to their extreme poverty.
The CCP initiated reforms and opening up in 1978 to stimulate economic growth and secure the role of the CCP Elite.
The Chinese education system now includes the doctrines of both Xi Jinping and Mao Zedong.
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🇨🇳 China accused of eavesdropping on EU leaders during EU China Summit, causing rift in relations.
00:05
Charles Michel cut his Beijing trip short due to alleged monitoring of EU leaders' communications by the Chinese Communist party.
Eavesdropping allegations surfaced just before the summit, leading to a denial from the Chinese government.
Professor interprets Michel's early departure as a strong signal of the EU's stance.
🕵♂ China's significant investment in internet eavesdropping and surveillance, including using fake mobile base station signals and infiltrating cloud servers, raises concerns about potential intelligence gathering and access to sensitive data.
04:10
China's use of liar technology in various industries and its classification as a strategic emerging industry
Growing concerns in the US about Chinese liar companies potentially accessing sensitive data, including military systems data
Calls for a review of Chinese liar companies and consideration of adding them to the sanctions list by the US House of Representatives
👁🗨 The surveillance system in China, utilizing facial recognition and AI, was hacked, exposing the personal information of millions of individuals, including foreigners.
07:26
Surveillance system in China monitors both citizens and foreigners using facial recognition and AI.
Hacker attack in 2020 exposed over 1 million surveillance records, including personal information of over 5,000 foreigners in Shanghai.
Personal information of influential Australians and senior executives from various companies was stored in the hacked database.
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📉 China's foreign direct investment turns negative for the first time since 1998, signaling increased downward pressure on the economy.
00:06
Premier Li Chang calls for relaxation of market access for foreign capital at the China International Import Expo.
Lack of confidence among foreign investors due to contradictory statements from Chinese Communist Party officials.
Premier Li Chang highlights China's commitment to high-level opening up and easing of market access at the Expo.
📉 China's shrinking export market and challenging business environment lead to a significant decline in Taiwanese participation in the China International Import Expo.
02:35
China's shrinking export market makes it difficult for them to import goods.
Concerns arise from China's challenging business environment, unpredictable policymaking, and worsening geopolitical tensions.
The participation of Taiwanese companies in the China International Import Expo declined by approximately 81% compared to previous expos.
💼 Taiwanese businesses are establishing production bases in Southeast Asian countries due to high tariffs and difficulties in competing with local Chinese companies.
05:23
Smaller Taiwanese companies are directly moving to Vietnam, Thailand, or Cambodia.
Tariffs from China to the US could reach 14-15%, while it's only 7% for Taiwan and around 5% for Southeast Asian countries.
Taiwanese businesses find it hard to compete with local Chinese companies in the Chinese market.
📉 Foreign businesses are unlikely to invest in China due to its poor capital market performance and negative perception in the global market.
07:58
Wall Street Giant Vanguard Group is shutting down its office in China's mutual fund market and has signed severance agreements with its employees.
US polling and consulting firm Gallup is informing clients of its withdrawal from the Chinese market.
📉 China's declining foreign direct investment and efforts to curb currency selling are putting pressure on the devaluation of the Chinese yen.
10:26
The onshore trading volume of the Chinese yen against the US dollar fell to a record low in October, prompting the People's Bank of China to urge major banks to limit transactions and discourage yen to dollar conversions.
China's foreign exchange outflows increased to $75 billion in September, the largest monthly figure since 2016.
Foreign investment in China is seen as crucial for attracting capital, orders, technology, and management models, and there is a growing eagerness from Beijing to return to an attractive market.
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😔 The once-thriving Chapo Road wholesale market in Shanghai has now become a desolate and empty place, with many shuttered shops and remaining businesses struggling to make any sales.
00:00
Chapo Road wholesale market used to be bustling with crowds, but now sees many shuttered shops and remaining businesses experiencing days with zero sales.
The impact of the pandemic on the physical economy is truly significant, with the market now much less crowded and many shops empty and abandoned.
Half of the storefronts at Chapu Road wholesale Market are unexpectedly available for rent, indicating the market's decline in former glory.
🛍 The clothing retail industry in Kaai Chungam and nearby markets is struggling, leading to a significant decrease in customers and stagnant inventory.
03:15
Over 100 shops on the third floor of Lanfu Fashion City are now closed or turned into warehouses, with only a few still operating.
The downturn in business at Chipu Road reflects the broader challenges faced by the entire brick and mortar clothing retail industry.
The clothing wholesale market is at a standstill, with no business since November, leading to a lack of confidence in the market.
📉 The apparel industry experienced significant downturns and widespread store closures in 2023, leading to financial losses for major companies.
06:03
Apparel industry experienced significant downturns and highest number of brick and mortar store closures.
PEBG Group Company Limited experienced a 21% drop in revenue and reported its first loss since going public.
Peace Bird and Halen Home both faced rapid decline and significant store closures, indicating negative growth in the first quarter of 2023.
💼 The high-end clothing brand Jang G has declared bankruptcy as a result of declining sales and insufficient order volumes, leading to its parent company Rui Group facing a significant crisis.
09:40
Jang G's rapid collapse due to insufficient order volumes and unclear future plans from Rui Group
Rui Group's significant decline in performance and financial crisis since 2018
Rui Group's current market value decline and total liabilities reaching 1.9 billion Yan $264 million
📉 The Chinese men's trousers industry is experiencing a significant decrease in revenue and profits, leading to a challenging market environment.
13:26
Operating revenue of leading companies in the industry decreased by 14% in 2022
Net loss attributed to shareholders of a listed company for the first time since its stock market listing
Apparel and clothing sector in China is facing a decline in profits and an increase in debt
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🍽 The video shows the stark contrast between the lavish meals at the Asian Games and the prepackaged meals given to children.
00:00
The left side of the screen shows fake fireworks while the right side shows the real scene.
The high-quality dining at the Asian Games is contrasted with the prepackaged meals for children.
The media village at the Asian Games offers a variety of delicious food options.
📊 Hanjo's investment in urban infrastructure for the Asian Games is double the amount spent on the previous games, but the expected revenue may not cover the expenditure.
03:04
Hanjo invested at least 200 billion yen in urban infrastructure between 2016 and 2020 for the Asian Games.
The expected sponsorship revenue for the Hanjo Asian Games is 60 billion yen, with a total income of 100 billion yen, but this is significantly less than the expenditure.
The decision to host the Asian Games has faced intense domestic criticism, with concerns over the high budget and public opposition.
🚇 Residents in H joreportedly ordered to stay home during the Asian Games, leading to empty subway carriages and a confrontational stance against citizens.
05:52
Residents in H joreportedly ordered to stay home during the Asian Games.
Two tourists were the only passengers in a subway carriage due to residents being ordered to stay home.
The Asian Games prohibited ordinary citizens from attending, leading to a confrontational stance against citizens.
🏟 The CCP allegedly arranged for fake spectators and staged cheerleading squads at the 2018 Asian Games in order to save face and prevent ordinary citizens from attending.
08:30
Chinese netizens revealed that the government arranged for fake spectators to prevent ordinary citizens from attending the Asian Games.
Some spectators noticed that the North Korean cheerleaders at the football match appeared to be Chinese and not North Korean.
Foreign dignitaries were scarce at the event, with the CCP sending a special aircraft to bring the Syrian president.
🏅 Indonesia ranks fourth in the medal tally at the 2018 Asian Games, while Central Asian nations like Kazakhstan and Uzbekistan remain strong in the Asian sports arena.
11:10
Indonesia secured 98 medals during the 2018 Asian Games, ranking fourth in the medal tally.
Central Asian nations like Kazakhstan and Uzbekistan performed well in the Asian Games, ranking fifth and ninth respectively on the medal table.
President Biden's recent meetings with the leaders of Central Asian nations during the UN General Assembly could lead them to maintain a careful distance from China.
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📉 Country Garden, China's largest real estate conglomerate, is facing a severe crisis with an expected net loss of RMB 45-55 billion, leading to a decline in stock prices and credit rating.
00:00
Country Garden announced an expected net loss ranging from RMB 45-55 billion.
The company's stock price dropped 5.8% in the Hong Kong stock market.
Moody's downgraded Country Garden to 'CAA1/CAA2' with a 'negative' outlook.
😱 Country Garden, a real estate company, is facing a potential crisis as its management tries to mitigate risks and preserve liquidity through actions such as selling shares and donating equity to a charitable foundation.
06:22
Li Changjiang, a major shareholder, sold 3,227,900 shares of Country Garden, reducing his stake to just 0.11%.
Yang Huiyan, the chairman of Country Garden's board, donated 20% of the equity in Country Garden Services, worth CNY 6.4 billion, to the Guoqiang Public Welfare Foundation.
The potential collapse of Country Garden would have severe consequences, including devastating homebuyers, impacting other real estate companies, and putting the entire real estate sector at risk.
🏢 The Chinese real estate market is facing a crisis as developers like Evergrande and Country Garden struggle with massive debts and unfinished projects.
11:29
Wall Street is concerned about the impact of potential defaults on major Chinese bank bonds and global financial investments in China.
Country Garden has over 3,000 projects, indicating a potentially more severe fallout than Evergrande's collapse.
The cost of unfinished projects is borne by the average citizen, leading to public resentment towards the real estate industry.
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"Boe Technology Group Faces Setbacks After Being Rejected by Apple and Removed from Samsung's LCD Supply Chain, Accused of Patent Infringement and Facing Challenges in the OLED Market as Chinese Manufacturers Increase Global LED Market Share"
💥 Boe Technology Group faces setbacks after being rejected by Apple and removed from Samsung's supply chain.
00:07
Boe was rejected by Apple for the use of its OED panels for the iPhone 15.
00:07
Samsung Electronics has removed Boe from its supply chain for LCD panels.
00:23
Boe's market for low-end LCD panels is at risk of shrinking.
00:40
Samsung is a significant client for Boe, but disputes over patent rights persist.
00:56
Samsung's device experience division removed Boe from its supply chain for television and monitor panels.
01:33
Boe's market share for LCD panels has declined significantly.
02:19
The decision to cut ties with Boe is related to competition in the OLED sector and ongoing legal disputes.
02:52
📺 Samsung accuses Boe of patent infringement and requests damages and injunction from the court.
04:17
Samsung accuses Boe of infringing on Samsung's patent used in mobile device display.
04:17
Samsung requests damages and injunction from the court for patent infringement by Boe regarding OLED display technology.
04:26
Samsung targets Boe in a patent dispute for the first time.
04:50
Samsung learns about counterfeit OLED panels produced by Chinese companies and used by US smartphone repair shops to replace Samsung screens in iPhones.
05:05
Samsung demands licensing fees from Boe for supplying LCD panels.
05:29
Samsung reduces purchases of LCD panels from Boe and aims to eliminate Boe from the supply chain.
06:11
Boe's rise is attributed to technology theft from Korean companies and massive government subsidies.
06:41
📺 Chinese display manufacturer Boe aggressively expands in the LCD panel market, but faces challenges as clients cut orders and OLED panels become the standard for high-end devices.
09:20
Boe obtained almost 300 billion yen (about 42 billion USD) through financing and government subsidies.
09:20
Chinese panel manufacturers seized a large part of the LCD display market from Japanese and Korean companies.
09:33
Boe is currently the world's largest LCD panel manufacturer with a market share of 32.8%.
10:28
Boe is facing exclusion from Samsung's supply chain and order cuts from clients like Dell and HP.
10:50
LCD panels are gradually being abandoned due to issues like color loss and low contrast, while OLED panels become the standard for high-end display devices.
11:20
Boe aggressively enters the OLED display market dominated by Samsung.
12:03
Boe's acquisition of OLED technology from Samsung was speculated to be guided by the Chinese government.
12:43
📱 Boe, a Chinese OLED screen manufacturer, faces challenges and opportunities in the Apple supply chain.
13:16
Boe's cooperation with the Chinese government and technology theft incident involving Samsung.
13:16
Boe's growth as China's leading domestic OLED screen manufacturer.
14:55
Boe entering Apple's supply chain in 2020.
15:24
Cancellation of a major order by Apple due to unauthorized modifications by Boe.
15:40
Boe's financial performance decline in 2022.
15:57
Boe securing most of the display orders for the new iPhone 15.
16:29
Boe facing light leakage issues and Samsung filling the gap in OLED screen production.
16:45
📱 Chinese smartphone manufacturers are increasing their market share in the global LED market, surpassing Samsung for the first time.
17:33
Chinese companies' market share in the small and medium-sized LED market rose rapidly from 1.5% in 2017 to 20% last year.
17:33
Chinese smartphone manufacturers like Huawei, Xiaomi, and Oppo are choosing domestic screens for their mid to high-end models, surpassing Samsung in market share.
17:47
Samsung Display maintained its first place in the industry but its market share has been below 50% for four consecutive quarters.
18:09
Boe, a Chinese OLED manufacturer, saw its third quarter flexible OLED shipment share increase by 20% compared to the same period last year.
18:24
Chinese OLED screens have been reported to have quality defects such as high heat and brightness, leading to higher energy consumption and questioned battery life.
18:33
Samsung's OLED yield rate is 90% while Boe's is only 70-80%, and Samsung also has an advantage in the production of OLED organic materials.
18:51
Despite challenges, Boe backed by the Chinese government poses a significant threat to the global panel industry.
19:27
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China's Long March 3B Rocket Debris Poses Ongoing Threat to Villages, Impacting Residents and Environment with Toxic Gas and Smoke Release
⚠ Toxic rocket debris from China's Long March 3B rocket poses a recurring threat to villages, impacting innocent residents and the environment.
00:00
Debris from hazardous Long March 3 Series Rockets has struck the area in bisu multiple times, releasing toxic substances into the air.
00:00
The rockets contain highly toxic hydrazine fuel and nitrogen tetroxide oxidizer, posing a danger to the environment and people.
01:06
Villages have been repeatedly affected by rocket debris, causing fear of water contamination and impacting innocent residents.
03:05
⚠ The risks and impact of satellite launches in China.
03:10
Satellite debris causing damage and casualties in rural areas.
03:10
Lack of adequate compensation and support for affected villagers.
03:27
Denial of casualties and opposition to insurance for affected residents.
04:51
Perceived disparity in military spending on luxury vehicles versus insurance for residents.
05:44
Wide-ranging impact of rocket debris on multiple provinces and millions of people.
05:59
Limited effectiveness of public evacuations before satellite launches.
06:15
Lack of accountability and management of residents in major launch areas.
06:27
🚀 The video discusses the impact of Chinese rocket debris on rural areas and the government's shift towards less toxic alternatives.
06:39
Rocket debris damaging rural homes in China's space endeavors
06:39
Over 100 instances affecting nearly 2 million residents
06:53
Government's shift towards less toxic rocket alternatives
08:33
Establishment of new launch sites to dispose of rocket debris
09:00
Successful launches of less toxic rockets from new sites
09:14
🚀 The video discusses the challenges and lack of progress in precision recovery of rocket debris in China, leaving the public at risk.
09:41
China faces challenges in disposing of rocket debris and using less toxic propulsion methods.
09:41
Chinese authorities have not actively pursued precision recovery, despite successful technology by Elon Musk.
09:55
There is reluctance to invest in precision recovery technology, leaving the public concerned about safety risks.
10:36
China's focus appears to be more on military preparedness rather than investing in rocket recovery technology.
11:55
The lack of progress in reusable rocket technology and first stage rocket recovery poses a risk to the general public.
12:34
Residents in affected areas face uncertainties regarding compensation for damages caused by rocket debris.
13:10
🚀 China's space program has faced numerous setbacks and failures, posing challenges for its future endeavors.
13:17
Damage to properties and hesitancy to invest in property renovations due to the prospect of homes being destroyed by falling rocket debris
13:17
Series of setbacks in Long March rocket launches since 2013, including engine failures and operational errors
13:29
Failures in China's space program serve as a reminder of the challenges faced in space exploration
14:46
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💼 An advertisement for a cleaning position in China's Nandong city drew attention for its age requirement of under 35 years old for female candidates.
00:14
The Chinese governmental Department specified that janitorial candidates must be female, at least 158 CM tall, and have a minimum education of Junior High School.
The janitorial position offers a monthly salary of 3,000 yen, approximately $410, after deducting Social Security and housing fund contributions.
The age requirement of below 35 for civil servant recruitment in China is adopted by many provinces, causing discussion and concern among netizens.
😔 The employment situation in Beijing has deteriorated significantly, with many companies going bankrupt and age limits for recruitment causing challenges for job seekers.
02:54
Millions of companies in Beijing have gone bankrupt over the past 2 years, making job hunting more challenging.
Many factories in China have an age requirement for recruitment set at under 35, leading to dismissals for those exceeding the age limit.
The number of job advertisements in the village square has noticeably dwindled, indicating a tougher job market.
💼 Age discrimination in employment is a major issue in China, hindering job opportunities and family planning.
06:12
Age requirements for job postings in China are often limited to those between 18 and 35 years old.
Chinese companies prioritize chasing after trends rather than valuing experience and specialized knowledge.
Many individuals, like Mr. Lang and Miss Jung, face financial challenges and limited job prospects due to age discrimination.
💼 A middle-aged man in China struggles to find employment due to age discrimination.
09:15
The man, who was previously a regional general manager, has been rejected from various job applications.
He realized that he had crossed an unemployment red line due to age discrimination.
Currently, he works as a courier earning a lower wage than before.
📊 The majority of live streamers in 2022 were aged 18 to 29, with 64.2% of the total, while those aged 30 to 39 constituted 20.9%.
12:11
95.2% of live streamers relying primarily on live streaming for income earned a monthly income below $683.
90% of streamers in China are not making a profit in the highly competitive live streaming sector.
China's employment landscape is becoming increasingly challenging, with a youth unemployment rate potentially as high as 46.5%.
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📉 Moody's downgrades China's credit rating, causing negative impact on the economy. Italy's withdrawal from Belt and Road initiative adds to Beijing's woes.
00:00
Moody's downgrades China's credit rating, leading to a negative signal in the market.
Italy officially notifies CCP of its withdrawal from the Belt and Road initiative, causing anger in Beijing.
💼 Moody's downgrade of China's credit rating could have significant impact on the country's economy and international financing prospects.
04:00
Moody's projects China's GDP annual growth rate to be 4% in 2024 and 2025, with an average growth of 3.8% from 2026 to 2030.
Moody's downgraded China's Sovereign credit rating from aa3 to A1 in 2017.
Moody's recent downgrade in credit ratings may trigger a significant outflow of foreign capital from China.
🔴 Tensions between the US and China are highlighted in response to a diplomatic gesture by China.
08:04
China's diplomatic gesture to Argentina was met with reserved or lukewarm response
US Secretary of Commerce's statement on CCP being the biggest threat and the need to prevent their access to technology
Emphasis on the US leading in artificial intelligence and semiconductor design, but the need for tighter export controls and enforcement with allies
🇭🇰 The US closure of Hong Kong Economic and Trade offices signifies a shift in recognition of Hong Kong's status, leading to tensions with China.
11:38
US no longer recognizes Hong Kong as a special administrative region under the one country 2 systems
US-China relations remain tense after President Biden's meeting with CCP leadership
President Biden publicly referred to Xi Jinping as a dictator
📉 Prominent financial experts in China are facing online censorship and bans, reflecting concerns about the stability and attractiveness of China as an investment destination.
15:16
Prominent financial experts in mainland China, including Le Jing pen, have faced widespread online censorship and bans.
The CCP's heavy-handed approach and inability to address underlying issues are increasingly criticized.
Moody's downgrade sends a serious negative signal to the market, reflecting concerns about the stability and attractiveness of China as an investment destination.
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😡 Business owners in Changsha, Hunan Province protest for fair compensation after being defrauded by developers.
00:38
Hundreds of business owners in Changsha demand rent refunds or the return of their shops, as they had been deceived by the developer.
Police attempted to disperse the crowd, leading to conflicts with the protesting business owners.
In 2019, legal documents revealed the impending seizure of the stores, shocking the business owners.
💔 Buyers were cheated into purchasing shops at high prices with false promises, leaving them unable to take possession or make any returns on investment.
03:29
Buyers were persuaded to buy shops at high prices with long lease agreements and guarantees of return on investment.
Registration procedures were not completed, leading to the freezing of shops and leaving tenants as victims.
Businesses inside the mall were in cahoots with real estate developers, leading to a lack of customers for the trapped tenants.
💼 The video discusses the challenges faced by small businesses in malls due to high rent and competition from big brands.
06:58
Malls use big brands to attract customers and make money at the expense of small businesses.
Small businesses face high rent, deposits, and thin profits in malls, making it difficult to survive.
The video highlights the unfair advantage given to big brands over small businesses in malls.
💼 Merchants in Juji City, China went on strike in response to a sudden increase in rent at the world's largest pearl market.
10:17
Over a thousand merchants collectively shut their doors and went on strike.
The East China International Jewelry City serves as a center for pearl and jewelry production, processing, and trade.
The annual transaction volume of freshwater pearls in the city accounts for a significant amount.
📈 Businesses in China are struggling with rent increases and inventory management, leading to a surge in public protests.
13:21
Businesses are facing challenges with rent increases and managing inventory, leading to financial strain.
The number of public protests in China has surged since the easing of pandemic restrictions, with over 2,230 protests involving at least 29,000 participants.
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🏭 Many factories in Shenzhen are being emptied, dismantled, and demolished, leading to a large number of unemployed people returning home.
00:10
Industrial areas in Shenzhen have been cleared out as many factories have moved away, leading to buildings being emptied and cordoned off.
A large number of small factories, including the Shang Chong clothing Factory, are set to be demolished, resulting in many people becoming unemployed.
Unemployed people are already returning home for the new year, indicating the severity of the situation in finding employment.
💸 The video discusses the impact of declining consumer spending and manufacturing activity in China.
03:42
Return rates for big brands have reached 20% due to constrained consumer budgets.
The National Bureau of Statistics of China reported a decline in the country's official manufacturing PMI for November.
The manufacturing activity in China is experiencing a downturn, as indicated by the PMI falling below the 50-point threshold.
⚠ Foreign CEO confidence in China has sharply declined due to geopolitical tensions, economic slowdown, and increased risk perception.
07:19
CEO confidence index for China dropped from 72 to 54 out of a possible 100 points
Industrial demand in China is lower than pre-pandemic levels, impacting capital investment plans
Foreign investment concerns in China are also due to stringent US technology export controls and modifications to China's counter Espionage laws
📉 Chinese authorities are facing a deepening economic crisis, with concerns about stagflation and the need for urgent fiscal and monetary policies.
10:53
Chinese authorities acknowledge the inability of current policies to rescue the market and avert disaster.
President Xi Jinping's recent visit to Shanghai is seen as a sign of concern about the current economic situation.
Prominent scholars warn of the risk of stagflation and urge the government to adopt expansionary fiscal and monetary policies.
💰 The video discusses the economic pressure on Chinese people due to uneven distribution of medical resources and the impact on medical insurance enrollment.
14:41
Uneven distribution of top grade hospitals increases medical costs for the public.
Decrease in medical insurance enrollment and rising premiums lead to more people opting out of insurance.
Senior analyst suggests government issue consumer vouchers to address economic issues.
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