Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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😔 Vloggers in the real estate sector in China are facing financial difficulties as housing prices have fallen due to the pandemic, leaving them torn between repaying their mortgages and defaulting.
00:19
The vlogger bought a house in 2018 for 1.75 million RMB and owes the bank 1.2 million RMB, losing most of her initial down payment.
The vlogger worked in the real estate sector for 5 years and believed her house would be an asset, but now it has become a liability.
Another individual took out a loan to buy a house in 2019 and is struggling with high monthly repayments, with most of it going towards interest.
💔 A man's property investments go sour, leading to massive debts and a damaged credit reputation.
05:16
The man's properties were at risk of foreclosure due to reduced income and inability to make mortgage payments.
The property market tumbled, resulting in a significant loss when the man tried to sell one of his properties.
The man faced legal action from the bank, had his properties auctioned, and accumulated a total loss of 10 million yuan.
🏢 China's real estate market is in a slump, with foreclosed properties not selling and prices dropping.
10:53
China's real estate market has hit rock bottom due to negative population growth and companies building houses on debt.
Real estate auctions face challenges as population growth is negative and getting a good deal may be challenging for the next 5 to 10 years.
The slump in the real estate market has also impacted the financial trust industry, with defaults from Zhongrong International Trust affecting other companies.
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What's positive about this is that it proves that millions of Chinese people from the PRC are aware that the CPCommunist CCParty erroneously claims that other places are poorer than the PRC.............., when the truth is that our Western countries are much wealthier, much freer, much safer, much happier, much cleaner, much more beautiful, much more scenic, more economically booming and growing, more vibrant, more picturesque, more green, more lush, more idyllic, more pristine, more historic, majestically architectural, more cosmopolitan, more artistic, more eclectic, more inviting and more opulent places than the PRC.
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🇨🇳 Amid China's economic downturn, unemployment is skyrocketing, leading to a growing population of homeless individuals struggling to survive.
00:00
Unemployment rate in China is skyrocketing, with many people struggling to find work and resorting to sleeping on the streets.
Recent cleanup efforts in Guangdong highlight the plight of those living without a roof over their heads or a place to stand.
China's stringent zero policy has exerted immense pressure on its economy, leading to significant challenges for the population.
🌏 Young Chinese professionals are seeking opportunities abroad due to economic uncertainty and a desire for freedom.
02:50
Many young professionals in China are seeking to leave the country due to economic uncertainty and a desire for freedom.
Thailand offers various long-term visas, including one-year student visas, making relocation easier for Chinese expats.
The pandemic has led to a surge in Chinese individuals searching for immigration opportunities, with many choosing to stay abroad indefinitely.
🇨🇳 More Chinese people are moving to Thailand for a better lifestyle and education opportunities.
05:55
Chinese are attracted to Thailand for its cleaner environment and better air quality.
Thailand offers a developed service industry and eases cultural barriers for Chinese expats.
Thailand provides high-quality international education opportunities for Chinese students.
🇹🇭 Thailand's Elite Visa program is attracting more Chinese buyers who are interested in luxury apartments for personal use, as they seek a safer lifestyle and investment opportunities.
08:42
Thailand's Elite Visa program is gaining popularity among high-end Chinese individuals for long-term residency and freedom of entry and exit.
Many Chinese buyers are now choosing to purchase luxury apartments in Thailand for personal use, attracted by lower cost of living and job opportunities.
Chinese people are eager to invest in overseas real estate in Thailand to secure a safer lifestyle during pandemics and hedge against domestic economic risks.
📉 The unemployment rate for Chinese youth, especially university graduates, is much higher than reported by the government.
11:35
Unemployment rate for Chinese youth age 16 to 24 climbed from 16.7% to 21.3%
University graduates in Shanghai have an employment rate of only about 30%
Experts estimate the real unemployment rate for University graduates in China could be close to 50%
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📉 China's economy continues to struggle as foreign investment outflows and business sentiment deteriorate.
00:21
China's economy remains sluggish with rapid outflow of foreign investment, signaling lack of confidence among foreign enterprises.
52% of American Chamber of Commerce member companies surveyed are pessimistic about their business prospects in China over the next 5 years, the lowest level since 1999.
Financial institutions, including ABN Amro, City Bank, and Morgan Stanley, have closed offices in Shanghai in recent years.
📉 Shanghai businesses are facing unsustainable tax increases and high vacancy rates, leading to an accelerated immigration of the middle class.
04:07
Shanghai businesses have paid 9.1% more taxes to compensate for revenue shortfalls.
Vacancy rate in Shanghai shopping centers is at 12.1%, exceeding the rate at the end of 2019.
Xi Jinping visited Shanghai to emphasize the city's efforts to enhance its competitiveness and lead in financial and technological innovation.
💼 Xi Jinping's shift towards pragmatism and economic reform in response to the pandemic's impact on China's economy and social stability.
08:30
Xi Jinping's reform rhetoric is linked to preventing economic recession and social unrest.
The delay in convening the third plenary session is due to dilemmas in finding solutions to China's economic problems.
📉 Criticism of Xi Jinping's leadership and the lack of substantial economic reform plans in the upcoming third plenary session of the Chinese Communist Party.
11:38
The third plenary session is expected to introduce major economic reform plans, but there is criticism that there is nothing substantial to offer.
Xi Jinping is blamed for the economic collapse and is seen as unable to turn the situation around, losing support from both the party and the people.
The ritual of the CCP's plenary sessions is crucial for maintaining public confidence, but the upcoming session may not be able to cover up practical problems, leading to instability.
🇨🇳 The 20th Central Committee of the CCP is facing issues with multiple members being removed, including the defense and foreign ministers, leading to delays in important decisions and appointments.
15:24
Le Shang Fu has been removed as Defense Minister for over 3 months with no successor determined.
China agreed to resume US military exchanges, but the delay in appointing a new defense minister is hindering progress.
The delay in the third plenary session is due to the need to address the dismissal of four individuals, including the defense and foreign ministers.
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"Popular Supermarket Chain in China Faces Sudden Closure, Sparking Concerns About Economic Challenges and Job Losses as Foreign-Owned Supermarkets Withdraw from the Market"
💼 Shanghai resident discovers sudden closure of popular supermarket chain, raising concerns about job losses and economic challenges.
00:00
Shanghai resident finds nearby supermarket closed with shelves neatly arranged and products still on display.
00:00
Customers express surprise and disappointment at the sudden closure of the budget supermarket chain.
00:17
Residents lament the impact on employees and the convenience of the supermarket's closure.
00:31
Concerns raised about the challenging business environment in Shanghai and unexpected unemployment.
01:14
Speculation on reasons for closure includes potential exit from Chinese market or struggle in competitive sector.
02:03
Personal experiences at the supermarket highlighted positive consumer experiences and pleasant store layout.
02:10
Leaked letter suggests supermarket's long-term losses and financial struggles.
02:33
💼 Beair supermarkets faced financial crisis and sudden closure, sparking sympathy and concern among netizens.
02:40
Beair's board suspended operations and assessed assets and liabilities due to a deteriorating retail market environment.
02:40
Former CEO Gia Hong bin revealed that the core reason for the shutdown was a cash flow interruption.
03:00
Beair received multi-million Yuan long-term financing from Argan Capital to support its expansion.
04:20
Founder Philip Spangenberg stepped down from his roles at the end of 2021, succeeded by Chinese National Jah hongin.
04:49
Beair's board had discussions with potential buyers to sell the business, but nothing was finalized.
05:11
Insiders revealed that some Beair stores couldn't pay rent and there were delays in payments to suppliers.
05:17
Industry saturation and fierce competition from entities like Fresh IO Outlets posed challenges for Beair in the domestic market.
05:37
📉 China's physical economy, including supermarkets and large retailers, is facing closures and challenges due to declining sales and economic downturn.
05:51
Covid-19 impact on China's economy and consumer behavior
05:51
Closure of Carrefour in Shanghai and its impact
06:11
Struggles of other foreign retail giants like Walmart and Tesco in the Chinese market
07:22
Closure of the last Pacific department store in Shanghai
08:33
Exit of local Chinese supermarkets from the market
08:39
Challenges and operational difficulties faced by local Chinese supermarkets
08:46
Current situation inside a department store in Tian district
09:00
🛒 The decline of China's supermarket giants due to financial difficulties and store closures.
09:32
China's leading supermarket, China resources Vanguard, has been closing down stores due to financial challenges.
09:32
Yungui Superstores, another supermarket giant, is facing operational difficulties and high debt ratios.
10:02
Yungui has been selling assets to survive debt troubles, including selling shares and closing stores.
10:46
Despite being one of the top 500 enterprises in China, Yungui has been experiencing losses and declining store count.
11:31
In 2023, Yungui's revenue decreased by 12% year-on-year, and its net profit also declined significantly.
11:55
Yungui briefly turned a profit in Q1 but incurred losses in Q2 and Q3, leading to a significant overall loss.
12:10
In 2023, Yungui closed 20% of its stores nationwide, indicating a significant decline in its business operations.
12:20
📉 The Chinese retail market is experiencing a significant slowdown, leading to closures of major supermarkets and malls, impacting the real estate sector and contributing to a projected economic growth decline for China.
12:29
12:29 - Over 400 store closures in 2 years with a 7% closure rate
12:29
12:36 - Crowds in physical supermarkets and malls are recovering, but sales remain below expectations
12:36
12:41 - 14 major supermarket companies facing losses, with 9 incurring losses in 2022 and 4 continuing to suffer losses in 2023
12:41
12:49 - Supermarkets experiencing revenue declines compared to the previous year, hoping for a rebound post-pandemic
12:49
13:02 - Some companies lacking confidence in market turnaround, choosing to close upon lease expiration
13:02
13:28 - Closures among large retailers reflecting a broader economic slowdown in China
13:28
13:41 - China's economic growth expected to slow from 5.2% in 2023 to 4.6% in 2024, with factors like real estate market slump and weak consumer spending contributing to the outlook
13:41
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"The Economic Downturn in China: The Harsh Challenges Faced by Young People, from Unemployment and Exploitation to the Struggles of Job Hunting and Survival in the City, and the Impact of a 'Giving Up' Attitude on the Country's Economy"
😔 The video discusses the challenges faced by young people in China due to the economic downturn, leading to widespread unemployment and difficult living conditions.
00:00
Many young people in China are struggling to find work and are forced to take temporary jobs or even end up on the streets.
00:00
The 'sonho gods' work for one day, rest for three days, and survive on a daily wage of 100 unen, living in harsh conditions.
00:28
They live in internet cafes, on the streets, or in crowded rooms, and survive on cheap instant noodles and water.
01:19
Some of them have been in Shenzhen for several years and struggle to find steady employment, facing exploitation and deception.
02:22
😔 A day laborer in China faces exploitation and challenges in earning a living.
03:13
Brother Tan waits for promised pickup that never arrives
03:13
He works long hours for low pay at a hotel
03:27
Struggles with transportation and additional fees
04:16
Injured on the job and denied treatment and pay
05:15
Confronts the boss but is met with indifference
05:38
🌆 The struggles of job hunting and survival in the city for young graduates.
05:57
Brother Tan laments the struggles of job hunting and the impact of illegal activities in Sanho.
05:57
Many Sanha gods are burdened with debts and lack the necessary IDs for housing and employment.
06:19
Sanha gods are mainly middle-aged men and women from rural areas with limited education, struggling with job seeking.
06:33
The term 'sweat shops' is used to describe the poor working conditions faced by many in employment.
06:55
The narrator reflects on the tough job market, their own struggles, and the decision to take on part-time gigs for survival.
07:18
The narrator finds joy and new experiences in various part-time gigs, embracing a socially isolated but free lifestyle.
08:11
💔 Migrant workers in Chinese factories endure harsh conditions and turn to internet cafes for escape and solace.
08:53
Migrant workers in Chinese factories face strenuous and harsh working conditions with unattractive wages.
08:53
Many new generation migrant workers feel hopeless in cities, leading to the emergence of the 'sonha Gods' who barely survive on day-to-day wages.
09:13
One young man's experience as a 'sonha God' led him to seek escape in internet cafes and cheap hotels in Sanha.
09:56
Internet cafes serve as a gateway to escape for the youth of sanha, offering a temporary relief from their harsh reality.
11:14
📉 The video discusses the impact of a 'giving up' attitude among Chinese youth on the country's economy.
11:47
Brother Yu's experience with the 'sanha' gods in China
11:47
The existence of low-income community clusters in Shenzhen
12:29
Chinese government's focus on promoting positive energy and avoiding criticism
12:52
The helplessness of those at the bottom of society in the face of economic downturns
13:05
The coping mechanism of giving up among young people in China
13:19
The potential threat of this pessimistic attitude to China's slowing economy
13:26
The widespread dissemination of the concept of giving up on social media
13:39
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🧥 University students in China are sparking a trend by wearing military coats and floral padded jackets, making a strong fashion statement.
00:06
The viral video of Chinese university students wearing military coats and women strutting in military coats and floral padded jackets has sparked a trend among college students.
The once plain looking military coat has become a top choice for university students to combat the cold, and the floral padded jackets have also gained popularity among female students.
The resurgence of military coats from the 1950s and 60s has been noted, with students commenting on the cost-effectiveness and daring fashion choices of the younger generation.
🧥 The sales of military coats have surged this year due to their cost-effectiveness and warmth compared to down jackets.
03:00
Merchant reports increased sales of military coats exceeding 10,000 on the platform.
Military coats are popular due to being cost-effective, warm, and easy to clean and maintain.
Business owner in the industry for 5 years reported exceptional sales of military coats this year.
🧥 The video discusses the popularity of military coats and reverse consumption among young people in China during weak economic times.
05:43
Lipstick sales surge during tough times due to their inexpensive yet mood-boosting nature.
Military coats are popular due to their warmth, volume, and affordability compared to down jackets.
Reverse consumption is a rational approach by young people to manage their finances tightly, as seen through the popularity of military coats on Chinese university campuses.
📉 The video discusses the impact of China's weakening economy on consumer behavior and the recent decrease in prices.
08:52
China's economy is weakening, leading to a decrease in consumer spending and a shift towards lower-priced goods on lower floors of malls.
The National Bureau of Statistics of China announced a decrease in the Consumer Price Index for October, entering a deflationary level.
The producer price index also fell by 2.6% year-on-year, indicating a decrease in prices at the production level.
📉 Prices of crabs and pork have dropped, with pork experiencing a significant decrease in the market.
11:45
Crab prices have dropped by 6 to 7 win, and pork prices have plummeted by 30 to 40% compared to last year.
The price of live pig has decreased by 4.5% from the same period last month, with a 42% year-on-year decrease.
The double 11 shopping festival saw a significant decrease in online sales, totaling only 243 billion win, marking it as the most dismal in history.
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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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