Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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🏠 Chinese real estate market in crisis with major developers defaulting on debts and government launching affordable housing reforms.
00:00
China's largest real estate developers Grand group and Country Garden have defaulted on debts, leading to financial crises and investigations.
The state Council of China passed a plan for affordable housing reforms to address the anxiety of middle income groups and promote real estate industry transformation.
Shanghai housing prices plummeted by 51% in the Yu District, signaling a significant drop in the real estate market.
💰 Local governments in Japan have heavily relied on income from land sales, leading to a significant increase in fiscal revenue.
05:10
The average price of land auctions by local governments increased almost 20 fold from 2000 to 2022, reaching 9,119 Yen per square meter.
The financial income from land auction transactions reached 70.8 trillion yen, most of which became the revenue of local governments.
Local governments heavily rely on income from land sales, which has skyrocketed from 18% to 53% of total fiscal revenue from 2001 to 2019.
🏢 The video discusses the debt ratio of US Real Estate Investment Trust Equity Funds, the key real estate indices, and the impact of China's real estate industry on the economy.
08:49
Debt ratio of US Real Estate Investment Trust Equity Funds is 33.8%.
The National Property index has a debt ratio of 44.9%.
The rapid development of China's real estate industry led to a decline in real estate investment from 2014.
💰 Chinese families and real estate operators are burdened with massive debts due to the bursting of a speculative bubble in the real estate sector.
13:28
Chinese families are left with enormous debts, equivalent to a mortgage of a house, due to the plundering of the real estate sector.
Real estate operators in China are also left with larger corporate debts after the bursting of the speculative bubble.
The comprehensive tax burden of real estate companies is estimated to be 15% of sales, impacting their financial situation.
💰 The video discusses the optimistic financial assumptions and challenges faced by property developers in Japan.
17:58
Optimistic financial assumptions and using national average price of 4,000 Yen per square meter for construction costs.
Estimating the value of completed projects based on the national real estate market's average price of 10,000 Yen per square meter.
The total debt of property developers to date is 67.4 trillion Yen, posing challenges even under the most ideal conditions.
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😢 Many families in Guangzhou are struggling with debt and the pressure of being the sole breadwinner.
00:21
A client in the loan industry shared his financial struggles, including overdue payments and constant harassment.
Many families in Guangzhou rely on a single income, making it challenging to cover expenses and repay loans.
Unreasonable interest rates and financial losses are suffocating debtors, leading to a need for more time to repay.
😔 A man's attempt at property speculation in China leads to financial strain, bankruptcy, and a loss of job opportunities.
05:50
The man initially profited from the rise in property value but later faced a decline in property values and disputes with developers.
He struggled with monthly household expenses and mortgages totaling 100,000 yuan.
Many businesses in China, including his, are on the verge of bankruptcy due to a loss of foreign orders and intensified competition.
💰 Chinese real estate companies like Country Garden and Evergrande rely on political connections and corruption to profit, while ordinary Chinese citizens suffer.
11:30
Country Garden leverages political-business relations to access lands and loans, while Evergrande builds connections with the powerful.
The CCP has issued a massive amount of money, but it ends up in the hands of corrupt officials and elites.
Some businessmen with ties to CCP officials earn money with their assistance, acting as 'shadow shareholders'.
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Yiwu, Zhejiang Province, the 'Capital of Small Commodities,' is known for its counterfeit goods market.
00:00
Yiwu is home to the world's largest small commodities wholesale market.
The phrase 'pressure on Yiwu' refers to the swift replication of popular products as counterfeit goods.
Suppliers in Yiwu can source or create identical items within a short period of time.
💼 The counterfeit personal shopping industry in China is booming, with faux personal shoppers buying high-quality counterfeit luxury goods and selling them for slightly less than the original's retail value.
04:10
The counterfeit personal shopping industry in China has grown due to the demand for luxury brands and their allure.
Yiwu likely serves as a hub for these counterfeit operations.
Yiwu offers both counterfeit luxury goods and original branded products of varying quality.
💼 Yiwu's development model, coined by Xi Jinping, has propelled rapid prosperity through attracting and strengthening businesses, primarily driven by counterfeiting.
07:53
Xi Jinping summarized Yiwu's developmental experience as 'inexplicable,' 'creating out of nothing,' and 'turning stone into gold.'
Yiwu's industrial growth is credited to the approach of attracting big businesses and strengthening existing ones.
Yiwu's reliance on counterfeiting has facilitated rapid prosperity for its populace.
🏭 The video showcases the production of skin-cooling silk masks and leather bags in a family-run workshop in Yiwu, China.
11:31
The production of skin-cooling silk masks and leather bags is done in a family-run workshop in Yiwu, China.
The video raises concerns about the hygiene standards of the workshop due to its cluttered setup.
Yiwu's success may be attributed to its low costs, rapid adaptability, and short production cycles.
🛍 Yiwu's wholesale market for small commodities may have deceptive practices, such as selling goods by weight with packaging included and offering leftover stock with imperfections.
14:41
Goods in Yiwu are sold by weight, including packaging, leading to potential misrepresentations.
Many products sold by weight in Yiwu are leftover stock with imperfections and incomplete sets.
Thorough inspection and unpackaging of goods is essential when sourcing from Yiwu.
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💰 China is facing financial turmoil as wealthy individuals are being targeted for high taxes, leading to a potential exodus of entrepreneurs and economic instability.
00:20
Party officials in China are targeting wealthy individuals for high taxes, leading to a choice of handing over 20% of their assets or risk a full tax audit.
The Chinese Ministry of State Security published an article highlighting the risks and challenges to financial security, including attempts to create disturbances for profit and shake international confidence in investing in China.
Wealthy Chinese individuals are reconsidering their financial situation under the new circumstances, potentially leading to an exodus of entrepreneurs and presenting new challenges to maintaining financial security.
💰 China's outward investment has surpassed foreign direct investment by 20.6%, reaching an astonishing 60% of the cumulative trade surplus.
04:13
China's outward investment surpasses foreign direct investment by 20.6%
The total scale of China's outward investment compared to the cumulative trade surplus reaches 60%
Private enterprises and foreign funded enterprises account for a significant portion of the massive investment
💰 The video discusses the actual utilization of foreign capital by industry in China from 2005 to 2022, focusing on direct investment by foreign entities.
08:17
Direct foreign investment in China's financial sector was nearly $96 billion in wholesale and retail, $62.11 billion in business services.
China's ODI in the financial sector was $3.9 billion more than triple the size of foreign investment in the same sector in China.
The large investment in the financial sector raises questions about its actual deployment and the presence of Chinese banks and securities firms abroad.
💰 The top echelons of power in China are using foreign investments for money laundering and to accumulate significant foreign wealth.
12:05
China's foreign investments primarily represent asset transfers by the top CCP Elites and are substantially comprised of fake investments, mostly laundered overseas.
57.7% of China's foreign investments are channeled through Hong Kong, a critical hub for money laundering activities, with significant amounts also directed to the British Virgin Islands and the Cayman Islands.
China's direct investment in Hong Kong amounted to $1.6 trillion in 2022, primarily distributed across key sectors like leasing and business services, wholesale and retail, and the financial sector.
🔍 An investigation by the European Union reveals Xi Jinping's family's involvement in the electric vehicle industry and profiting from subsidies.
15:49
Xi Jinping's family is expanding the electric vehicle industry and profiting from subsidies and construction of new factories.
Daniel Foa, the foreign son-in-law of Xi Jinping's family, is involved in the industry and was appointed to a board in China.
The Chinese Communist Party aims to dominate the global electric vehicle market with the support of CCP Elites, resorting to price wars.
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"The Tragic Collapse of China's Largest Private Financial Conglomerate: $510 Billion at Risk of Vanishing and Its Impact on Investors, Creditors, and the Entertainment Industry"
😢 A heartbreaking story of bankruptcy, loss, and tragedy caused by the collapse of a financial group in China.
00:08
Jord own trust announcement of bankruptcy on September 16th, 2023
00:08
Warning to cherish hard-earned money and not trust top financial institutions
00:34
Financial crisis of jungju group and collapse of real estate giant evergrand
01:07
Heartbreaking story of Mr. Lee's spouse passing away due to lack of money for treatment
01:33
Tragic suicide of an investor's father after losing everything in the Jona systems trust
02:44
💸 The collapse of the Jonu group in China has led to significant financial losses and unresolved mysteries, with debts exceeding assets and weak regulation of financial products.
02:56
Client's 70 million yen investment evaporated due to collapse
02:56
Jonu group revealed insolvency and ongoing operational risks
03:26
Debt level reached 420-460 billion yen, assets less than 2 billion yen
03:32
Jungju group became most indebted financial giant in China
03:54
Real estate investments made up 74% of defaulted trust products
05:19
Weak regulation of financial products and bypassing regulatory supervision
05:46
Financial products under Jungju continue to be sold despite risk issues
06:21
💸 The collapse of Jungu Group and its impact on investors and creditors.
06:28
Jungu Group's misuse of corporate funds led to insolvency and potential bankruptcy.
06:28
Founder J. Quinn's sudden death and lack of successor added to the company's troubles.
06:39
Investors facing financial disaster and legal action with little effectiveness under the Chinese Communist Party.
07:17
Revelations of dubious practices prioritizing repayment to government officials over ordinary citizens.
08:31
Preemptive repayment to internal staff, family members, and influential individuals, leaving smaller business owners at a disadvantage.
09:11
💰 A financial scandal involving Jonu group and its connections to state-owned and central enterprises, leading to legal proceedings and lack of government intervention.
09:29
Middle-income individuals and seniors were the primary victims of the scandal.
09:29
Employees who didn't purchase financial products from Jonu had already left the company.
09:41
The highest investment in Jon's fixed financing products reached 5 billion yen.
09:58
The Beijing public Security bureau's chaang Branch filed a case against Jonu group's wealth management company for suspected illegal activities.
10:33
The government has not provided a solution for the repayment of debts owed by the group.
10:55
Jungu group's problematic financial chain was evident from its history.
11:01
Key personnel in Jonu group had connections to the Chinese Communist Party and state administration.
12:02
🎬 The collapse of the Chinese company Jungu Group has had a significant impact on the entertainment industry and high-earning celebrities, signaling potential financial industry collapse in China.
12:47
The collapse of Jungu Group suggests a close network between the company and high-ranking officials in the Chinese Communist Party.
12:47
The company's deep roots in China's entertainment industry have impacted the sector significantly.
12:59
The collapse led to substantial losses for high-earning celebrities who had invested in Jungu Group.
13:10
Jungu Group's involvement in the film industry and its connection with entertainment platforms like Mango TV and Bonabusiness.
13:38
Well-known private film company Hawaii Brothers is a major shareholder of Jungu Trust and likely affected by the crisis.
13:57
The collapse of Jungu Group indicates potential risks in investing in China's financial industry.
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🏭 Daido Electric, a large Japanese company in Suzhou, announced its withdrawal from the region, raising concerns about the decrease in high-quality employers.
00:16
Daido Electric offers competitive salaries and benefits to its employees.
All due compensations for Daido Electric employees have been fulfilled.
Foreign companies in Suzhou have been relocating or shutting down in recent years.
📉 Suzhou's economy is declining, with a low GDP growth rate, significant declines in pillar industries, and a decrease in foreign trade.
03:37
Suzhou's GDP growth in the first quarter of 2023 was only 1.9%, ranking it second-to-last among China's top ten cities.
All four of Suzhou's pillar industries saw significant declines in GDP, ranging from 6.2% to 17.4%.
Suzhou's import and export values decreased by 15.4% in the first quarter of 2023, with exports falling by 10.7% and imports by 22.1%.
📉 Japanese companies are reducing their presence in China due to labor regulations and domestic policy opacity.
07:06
Honda and Mazda are considering moving their production capacity out of China.
The number of Japanese enterprises operating in China dropped to a ten-year low of 12,700.
2,176 companies have left China or their whereabouts are unknown, with 116 firms declaring bankruptcy or closing down.
💥 China's ban on Japanese aquatic products strains China-Japan relations and leads to the exit of Japanese enterprises from China, while confidence of European and American businesses in China hits a low.
10:29
Chinese authorities imposed a comprehensive ban on the import of Japanese aquatic products due to nuclear wastewater treatment issues.
American businesses' confidence in China continues to deteriorate, with 40% of American companies planning or already shifting their investments from China to other countries.
European and American businesses' confidence in China hits its lowest level in years, with Southeast Asia being the preferred alternative destination for investments.
📉 Mainland China's isolationist policies and deteriorating business environment are causing increasing challenges for foreign and private Chinese enterprises.
13:58
International supply chains are rapidly moving out of China, leading to a deteriorating operating environment for businesses.
Many businesses in China are facing bankruptcy or closure, resulting in a harsh economic environment.
Property owners who bought commercial spaces in China are suffering huge losses due to high debt ratios.
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