Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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⛈ Severe floods continue to devastate Beijing, Hebei, and the Northeast region, leaving villages and farmlands submerged.
00:13
Areas throughout Zhuozhou and Bazhou in Hebei province are still submerged.
A new deluge of rainfall began on August 21, causing further damage and flooding.
Laishui County in Baoding City suffered heavy rain, hail, and flash floods.
🌊 Heavy floods in Hebei, China caused by misjudged government schemes and inadequate relief efforts.
06:23
The floods in Hebei affected 5% of the population, causing loss of lives, collapsed houses, and economic damage.
Flood retention areas, initially not meant for housing or farming, were activated and suffered the most damage.
Victims faced inadequate relief efforts, including expired goods and even pesticides.
😔 Critics argue that the local government in Hebei, China, is not adequately compensating flood victims for property damage.
13:19
Numerous flood victims complain about the local government's stringent property damage rating assessments.
Government evaluators exclude many damaged items from compensation calculations.
The support offered to flood victims in Hebei falls short of the standard set in 2000.
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📉 China is experiencing a silent surge of middle-aged joblessness, with over 200 million people engaged in flexible employment and delivery riders struggling to find orders.
00:19
China has over 200 million people engaged in flexible employment.
Delivery riders are struggling to find orders and earning much less than before.
Many single mothers have joined the delivery industry due to lack of other job opportunities.
📊 The average national urban unemployment rate in the first half of 2023 was 5.3%, a decrease of 0.2 percentage points from the first quarter.
02:54
The unemployment rate for local urban residents was 5.1%, while for migrant urban workers it was 21.3% and 4.1% respectively.
Unemployment rates for different education levels were 4.4%, 4.4%, 3.9%, and 3.2% for junior high school or lower, high school, associate's degree, and bachelor's degree or higher respectively.
In major cities, the unemployment rate was 5.5%, consistent with the previous month's data.
! Delivery drivers in Beijing are struggling to get orders due to high competition and low demand.
05:02
Delivery drivers in Beijing are facing high competition and low demand, with some only receiving around 30 orders per day.
The industry is saturated, making it difficult for delivery drivers to make a decent income.
Even during dinner time, there is a lack of orders, affecting both suburbs and inner city areas.
😔 The influx of new drivers to DD has increased competition and led to low earnings, causing drivers to struggle financially.
07:32
Many drivers are complaining about spending a large amount of money on a car for DD but only earning a minimal amount in return.
Some drivers are considering joining discounts to compete, as the increasing number of drivers has reduced their chances of earning enough.
There are jokes about even Teslas being used as DD vehicles to make ends meet.
🚗 Stricter regulations and an oversaturated market have made it challenging for ride-hailing drivers in China to earn a sustainable income.
09:53
Stricter regulations have made it difficult for new drivers to sign up for ride-hailing platforms without proper documents.
The market is flooded with drivers, leading to a situation where there are more drivers than riders.
Rental costs and low demand have resulted in new drivers struggling to make more than 500 yen per day.
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😔 Black Friday sales have been disappointing for many sellers, with a significant drop in orders and profits.
00:39
Over 40% of surveyed sellers were disappointed with Black Friday sales, failing to clear their inventory.
34% of sellers did not participate in the Black Friday event, and only 22% experienced a surge in orders.
11% of sellers reported poor profit performance during Black Friday.
👗 Customers express disappointment with the poor quality and slow logistics of Shan's clothing, despite influencer promotion.
03:08
Customers complain about poor quality and slow shipping from Shenzhen, China.
Inconsistency in quality and sizing, with some items being unwearable.
Famous influencers promote Shan's clothing with glamorous images, leading to consumer skepticism.
💼 The US is proposing a bill to require more information about parcels entering the country, which may impact Chinese e-commerce businesses.
06:21
The bill aims to prevent China and Russia from flooding the US market with low value goods.
Chinese e-commerce enterprises will no longer be exempt from taxes for goods imported into the US worth less than $800.
Small and large traders, as well as cross-border sellers, will be impacted by the tax policy adjustment.
⚠ The video discusses the detection of fraudulent shipments from companies in Shin Jang and their potential involvement in forced labor, posing a threat to US import regulations and ethical concerns.
09:12
Shin Jang companies are manufacturing various products, potentially involving forced labor and violating US import regulations.
Senator Rubio highlights the exploitation of the Dom Minimus loophole and the exacerbation of CCP government's forced labor situation.
The US House of Representatives report emphasizes the evasion of US supply chain scrutiny and suspected forced labor by overseas versions of pind teu.
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High Return Rate of 99% Leaves Live Streaming Sellers in Tears as Double 11 Sales Event in China Witnesses Decline in Consumer Spending
📉 A livestreamer known as 'Little Sheep' gained attention for his staggering 99% return rate of products sold during the Double 11 sales event in China.
00:18
Little Sheep's livestream had a 99% return rate of products sold during the Double 11 sales event.
00:18
Little Sheep's livestream gained attention and he was jokingly referred to as the 'champion of sale returns'.
00:32
Chicken feet snacks were a popular product promoted by Little Sheep, but had a high return rate.
01:11
The total amount refunded reached 180 million yen, with chicken feet returns accounting for 160 million yen.
01:18
Little Sheep's livestream followers engaged in a unique form of interaction, using investment terminology to describe their actions.
02:07
Products often sold out quickly but were promptly returned under the claim of 'short selling'.
03:08
The livestream sparked lively discussions and playful comments among viewers.
03:29
📺 A financial blogger turned live streamer, Little Sheep, experienced a surge in sales but also a high return rate of over 99% for the products sold.
03:43
Little Sheep's live stream featured the ALfenga gaming chair, which generated sales of 20 million yen.
03:43
Little Sheep's followers started requesting refunds, resulting in a return rate of over 99% and a refund amount of over 100 million yen.
05:12
Despite the high return rate, Little Sheep's popularity and follower count increased significantly.
06:02
Most of Little Sheep's followers participated for entertainment rather than serious purchasing.
06:29
Both Little Sheep and the merchants faced substantial losses due to the high return rates.
06:36
The merchants had to bear the costs associated with returns, including shipping, handling, and product loss.
07:12
The phenomenon of high return rates is not unique to Little Sheep's live stream.
07:20
📺 China's leading live stream sales host, Lee Jai, reportedly generated over 25 billion yen during this year's Double 11 shopping festival, but rumors of high returns and competition from jd.com have caused controversy.
07:44
Lee Jai faced 6 billion yen in returns due to dissatisfied customers engaging in a cycle of buying and returning products in his live stream.
07:44
Lee Jai's accusations of copyright infringement against jd.com led to a response from the platform, aggressively competing with lower prices and giveaways to mock him.
08:24
Many viewers switched to jd.com for better deals, causing a significant number of returns for Lee Jai.
08:50
Lii's team denied the reported revenue of 25 billion yen, stating that the figures were completely fabricated and inaccurate.
09:26
Lii's sales on the first day of last year's Double 11 pre-sale reached 21.5 billion yen, but this year it decreased by more than 50% to 9.5 billion yen.
09:50
The denial from Lee Jai's team comes amidst increased scrutiny of wealth accumulation in China and his previous controversies.
10:17
Lee Jai faced financial challenges, including a tax evasion scandal and suspension, and received backlash for promoting a domestic brand during a live stream.
10:48
😡 Viewers expressed anger over a commentator's remarks mocking the poor and highlighting the lack of opportunities for young people in China.
11:23
Commentator's remarks sparked outrage and led to a loss of followers.
11:23
Critics pointed out that wages had not increased despite rising costs.
11:30
Online shop owners also experienced a surge in returns during the shopping festival.
12:09
Many participating merchants suffered losses during the festival.
13:06
Major e-commerce platforms declared growth but did not disclose specific figures.
14:04
📉 The total sales during the Double 11 shopping festival in China this year were significantly lower than previous years, indicating a decline in consumer spending.
15:00
Sales volume of parcels this year was 639 million, down from 696 million in 2021 and 675 million in 2020.
15:00
Chinese media sources reported that the total sales across all platforms during the festival amounted to 77 billion yuan, far less than Taobao's 500 billion yuan turnover last year.
15:53
Turnover on e-commerce platforms this year dropped by over 70% compared to last year.
16:21
Consumers are no longer easily fooled by price tactics and are resisting price hikes.
16:38
There is a growing anti-consumerism trend and a lack of disposable income among consumers.
16:54
The Double 11 shopping festival has lost its purpose and people are wise to the tricks.
17:04
There is a call to stop deceiving consumers and drop the act of the festival.
17:13
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Low-Cost Consumption and Frugal Spending Habits Drive Intense Price Wars in China's Dining and Beverage Industry
🍞 The video shows the popularity of low-cost consumption and frugal spending habits among Chinese consumers, as well as the intensifying price wars among retail giants.
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People queueing for 2 to 3 un bread in Shian, with over 5,000 pieces sold daily.
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University students primarily buying the bread, leading to long queues.
00:16
Similar 2 un bread shops appearing in other cities, indicating its popularity.
01:04
Observations of decreased consumption and frugal spending habits in food delivery orders.
01:31
Intensifying price wars among China's retail giants to attract thrifty consumers.
02:18
Hila hot pot chain opening lower-priced brand stores to cater to cost-conscious customers.
02:41
Adoption of semi-self-service model for cost control by Hila hot pot.
03:10
💰 The video discusses the impact of the pandemic on the dining and beverage industry in China, leading to price adjustments and intense competition.
03:27
Haidilao expanded rapidly during the pandemic, but faced heavy pressure in 2021, leading to store closures and operational issues.
03:27
Haiti Mini, a sub-brand of Haidilao, faced challenges due to price competition and consumer downturn, eventually closing its last store in 2022.
04:26
Competition within the beverage industry intensified, with brands like Haiti and Maai lowering prices to increase visibility.
06:32
Haiti Mini's closure and Maai's price reduction are examples of the impact of the pandemic on consumer behavior and business strategies.
07:07
💰 The video discusses the impact of economic downturn on consumer spending and the trend of discounts in China.
07:37
Jang xang latte sold over 5.4 Million Cups on its first day with sales exceeding 100 million yen.
07:37
The entry threshold for young people to taste MOT Thai has become increasingly low, reflecting the stagnant economic situation in modern Chinese society.
08:36
China's current financial situation has led to a new trend of discounts, with major brands engaging in a price war.
08:51
B Store has seen a continuous decline in revenue for five quarters, with net profit falling year over year.
10:07
B Store's Revenue fell by 14% to around 6 billion un and net profit dropped by 33% to 1.9 billion y in the first three quarters of 2023.
10:22
The downturn in consumer spending has tightened people's purse strings, leading to the rise of discount and budget stores.
10:41
Smaller, cheaper versions of products are also becoming popular in response to the economic situation.
10:49
💰 Chinese consumer spending habits have shifted towards cost-effective and value-driven purchases, impacting the economy and international brands.
11:10
Chinese consumers prefer economical and cost-effective products over lavish spending, leading to a decline in consumer demand for expensive brands.
11:10
Social e-commerce and user-generated content have influenced consumer mentality and purchasing decisions, making cost-effective products more popular among young people.
11:25
Consumers have become more discerning and prioritize actual value over brand names, favoring products that offer more for less.
12:44
The rise of domestic brands in China has led to a shift away from international brands, as younger generations focus on inner needs and actual consumption.
13:32
The Chinese government's zero Covid policy during the pandemic has also contributed to the economic trend by impacting capital outflow and foreign investments.
14:16
💰 The Chinese economy is experiencing a decline in purchasing power and deflationary risks, with questionable government interventions.
14:46
Consumer Price Index decreased by 0.5% year on-year in November.
14:46
Producer Price Index fell for the 14th consecutive month.
15:09
China's economy grew moderately by 4.9% in the third quarter.
15:17
Renowned commentator W H suggests that the CCP is unwilling to stimulate consumption and has been printing money without clear impact.
15:55
The CCP boasts of an effective market with a proactive government, but the reality is a distorted market and a reckless government.
16:26
The chaotic market and a capricious regime have led to the current precarious and unpredictable state of the entire Chinese economy.
16:38
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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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🏢 The Beijing Central Business District and Jungwan Chuin, China's Silicon Valley, are now desolate due to the lingering effects of COVID-19.
00:00
The economic downturn in Beijing Central Business District and Jungwan Chuin is a result of the COVID-19 pandemic.
Traditional retail in the area is almost non-existent, with vacant stores and offices.
Entrepreneurial cafes have reduced seating and some have transformed into boutique coffee bookstores.
😔 The rental market in Beijing's tech hub is facing challenges with high vacancy rates and plummeting rental rates.
02:33
Average monthly rent for office spaces in Beijing is 316 unen per square meter.
Vacancy rate for office buildings in Beijing's tech hub is at a near decade high of 16.9%.
Residents have observed a significant decrease in activity and crowdedness in places like Donguan Shenin and Shanghai.
📉 The pandemic initially stimulated e-commerce growth, but the decline in China's economy and consumer spending has led to a significant decline in online sales.
05:24
A woman in the e-commerce industry reports that her online store's traffic and sales have significantly declined since the golden week holiday in early October.
A delivery personnel from an online shopping platform confirms that their sales and delivery volumes are even worse than during the pandemic's peak.
Large-scale industrial enterprises in China have recorded a decline in profits during the first eight months of the year, with a year-on-year drop of 11.7%.
📉 The skincare and beauty industry in China is still struggling to rebound following the pandemic, with reduced consumer spending and lagging customer influx to beauty studios.
07:51
Skincare and beauty industry in China is facing economic concerns due to reduced consumer spending.
Moon cake sales in China have been sluggish, with a decline in orders by 30 to 40% this year.
Orders for moon cakes have significantly decreased, putting immense pressure on businesses.
💼 China's consumer spending during the golden week is not providing the expected uplift in revenue, and stability in the real estate sector is crucial for a robust economic resurgence.
10:19
China's consumer spending during the golden week is worth paying attention to, as it has not provided the expected boost in revenue.
Stability in the real estate sector is necessary for a robust economic resurgence in China.
China's annual CPI growth rate in August was only 0.1%, indicating subdued economic simulation compared to pre-pandemic levels.
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😱 Shocking video reveals substandard construction of resettlement homes without cement.
00:37
Villagers spent 400,000 Yuan on resettlement houses only to find they were of poor quality.
The walls of the homes are less sturdy than traditional Adobe walls and can be dismantled by hand.
⚠ The video discusses the widespread issue of compromised construction standards and substandard housing quality, leading to safety concerns for residents.
03:13
Construction contractors being relatives of local officials leading to compromised construction standards and cost-cutting.
Residents of Harmony Home Community facing structural issues in their buildings, leading to safety concerns and forced evacuation.
Local departments commissioning building inspection agencies to assess structural safety of buildings in the community.
🏚 Villagers in Hunan Province reported substandard construction of poverty alleviation resettlement houses, with numerous quality issues including paper doors and cracked walls.
06:53
Villagers reported poorly constructed resettlement houses with cracks in exterior walls, paper doors, and various quality issues.
One homeowner demonstrated the poor quality of his door, revealing it was filled with paper and cardboard.
Another resident had to reinforce the floors in her bedroom and living room due to shaking, and experienced cracked and falling walls.
⚠ The video highlights multiple cases of substandard construction in resettlement houses, posing potential danger to residents.
10:14
Cement crumbles easily when pinched by hand, indicating shoddy construction.
Multiple cases of substandard construction in resettlement houses, including falling exterior wall coating and easily chipped concrete pillars.
Shanty town renovation project exposed as substandard construction endeavor, causing serious quality issues such as leaks in resettlement area.
🏚 Government-led poverty alleviation projects in China have led to substandard and dangerous living conditions for villagers.
13:50
Government-led poverty alleviation projects in poor counties in China became hotbeds of corruption, resulting in substandard constructions and dangerous housing situations.
Villagers resorted to propping up cracked walls with tree trunks and grinding stones to prevent collapse.
The entire process of relocation, construction, and occupation of the new Village was described as rotten, with poorly built foundations and drainage channels.
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📉 The arrest of the chairman of Evergrande Group, Shu Jin, and his son signals the potential collapse of China's largest property developer and financial empire.
00:07
Several senior executives of Evergrande Group were also detained.
Shu Jin's arrest stemmed from allegations of faking a divorce to transfer assets to the state.
The arrest may lead to the domino effect and the collapse of Evergrande.
💸 Shujin has shifted some of his assets abroad through a technical divorce with Ding, resulting in Ding receiving a significant portion of dividends from offshore companies.
04:11
Shujin's assets worth around 100 billion yen have been shifted abroad through a technical divorce with Ding.
Ding received a significant portion of dividends from offshore companies controlled by Shujin.
Shujin's second son, Shu Tangu, is also under investigation and recently sold his lavish mansion in Los Angeles.
🏢 Evergrande, a leading real estate company in China, faces financial difficulties, leaving homeowners in distress.
08:03
Homeowners in Wuhan express frustration over unfinished properties and financial stress.
Evergrande's founder, Shu Jin, expanded the company into various industries, including electric vehicles and sports.
Evergrande's success was supported by the Chinese Communist Party.
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💰 Shanghai's housing market has plummeted by 30%, causing financial distress and desperation among homeowners.
00:00
Shanghai's housing prices have dropped by 30%, causing financial distress for homeowners.
Despite new real estate policies, the housing market in Shanghai continues to decline.
Luxury housing market is particularly affected, with properties difficult to sell even at reduced prices.
🏠 The rental market in Shanghai is facing significant challenges, with a notable decrease in demand and an increase in vacant properties.
03:53
Rent prices have dropped, making it difficult for landlords to rent out their properties.
There has been a clear divide in the rental market, with a decrease in high-end rentals and an increase in vacant properties.
Long-term rental apartments are struggling, with companies seeking to terminate contracts with landlords due to the increase in vacant properties.
📉 Shanghai's rental market and financial sector are facing significant challenges, leading to a liquidity crunch.
06:54
Shanghai's rental market and real estate sector are experiencing difficulties due to tenants returning home for the Chinese New Year.
The financial sector in Shanghai, including non-bank institutions, is facing a severe liquidity crunch, with minimal growth and cash reserves.
Local debt restructuring projects are draining funds, contributing to the liquidity crisis in Shanghai's financial market.
📉 Shanghai's tax revenue and office building market are facing challenges, leading to economic decline.
10:22
Shanghai's tax revenue only increased by 2.8% in the first three quarters, significantly trailing the national growth rate of 11.9%.
Shanghai's office building market shows a predicted annual vacancy rate of 21.6%, with over 20% of office buildings vacant.
Several foreign financial institutions have closed their offices in Shanghai, leading to a high vacancy rate and economic challenges.
💼 The video discusses the high vacancy rates and challenges faced by a mall in a difficult economic environment.
14:01
High vacancy rates in various floors of the mall
Challenges due to the pandemic, educational reforms, and global economic factors
Prediction of prioritizing financial resources for sustaining local businesses
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🏰 Jing Jin City, the largest Villa area in Asia, remains largely empty despite its ambitious plans and grand structures.
00:16
Despite significant investments, the occupancy rate of Jing Jin City has remained extremely low.
Jing Jin City was planned to cover over 4,100 acres and accommodate a population of 500,000.
The city includes residences, entertainment facilities, a commercial center, and a temple.
🏙 China is experiencing a rapid construction of new cities driven by high property prices, local government reliance on land finance, and lack of coordinated urban planning.
03:39
China has planned an average of 4.6 new cities for each provincial capital and about 1.5 new cities for each prefecture level city.
The planned population for these new cities requires accommodating almost half of the global population.
The overabundance of new cities is due to local governments competing in a race to build more cities and the lack of coordinated urban planning.
🏢 The city of Leoning in China has a high number of empty real estate properties, making it a ghost town.
07:04
Leoning has a high number of empty real estate properties.
The properties were likely sold but many people haven't moved in.
Leoning is the largest ghost town in Paning Leing with tens of thousands of housing units.
❌ High-Speed Rail new cities are no longer viable due to the changing economic climate.
10:37
Relying on High-Speed Rail stations to promote urban expansion is no longer viable.
Some cities, like Singua City, are canceling their new Railway city projects.
Constructing high-speed rail districts for a small population at a high cost is not practical.
🏙 Smaller cities in China are facing challenges with shrinking populations and debt burden due to ambitious expansion plans.
14:05
Population migration to larger cities is an inevitable trend of Social Development.
Smaller cities should focus on introducing industries that sustain Urban Development and providing efficient public services.
Financially strapped smaller cities borrowed heavily to construct new cities, resulting in a waste of land resources and little economic benefit.
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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
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🍇 The video discusses the rampant overcharging and deceitful practices in a city in China, leading to growing disinterest in visiting the area.
00:00
Deceitful practices from fruit vendors to taxi drivers in a city in China
Growing disinterest in visiting the city due to service chaos and overcharging
Even locals choosing to relocate due to the situation
⚠ Tourist scams and overcharging at attractions in China.
02:52
Ticket prices at attractions are marked up significantly, with travel agencies paying a fraction of the official price.
Tourist scams involve selling counterfeit products, recommending specific tourist spots and restaurants for kickbacks, and overcharging for transportation.
Bus drivers are implicated in overcharging tourists and promoting specific attractions and restaurants for high commissions.
🏠 The video discusses the challenges in the housing market and tourism sector in a Chinese city.
05:46
High property prices in the city make it unaffordable for ordinary wage earners.
Real estate fraud and deserted developments are causing distress for property owners.
Many Northerners are turning to alternative winter destinations due to substandard accommodations and high living costs in the city.
🌴 The video compares the value for money of snorkeling experiences in Malaysia and SAA, highlighting the unique and dreamlike experience of watching fireflies in a dark rainforest.
08:37
Malaysia offers a day tour including snorkeling, sea outings, and night tours of tropical rainforest to watch fireflies for around 20028 yen.
Snorkeling near SAA Long Bay can cost 500 to 1,000 yen for less than an hour, offering poor value for money and inferior water quality.
The seabed at Boho Island in the Philippines is significantly better in terms of marine ecology compared to SAA, which has suffered from murky waters and poor visibility.
💰 The Chinese Communist party's development model for tourism and agriculture has not brought significant economic benefits to local residents, despite the profitability of attractions.
11:45
Low wages force residents to rely on overcharging tourists for their livelihood.
Most revenues from attractions do not flow into the local community, and local residents are unable to share in the profits of major tourism sectors.
The high investment required to establish accommodations and the dominance of large or state-owned enterprises leave limited income for local residents.
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I think as a result of the CCP's re-education of Li Jiaqi, Li Jiaqi is no longer the King of Chinese E-Commerce Sales but Li Jiaqi now behaves more like a queen than a king as he was during that e-commerce live-stream make-up sale. I respected Li Jiaqi when he presented the ice-cream cake with decorations that looked like a tank; which happened hours before the anniversary of the June 4 Tiananmen Square protests and mässäcr€ that used to be monumentalised in Hong Kong. Now, Li Jiaqi appears to be pretending that the CCP is pleasant and superior to Chinese people. Li Jiaqi was implying that the Chinese economy has been experiencing rapid growth over the last few years, and Chinese businesspeople are entirely to blame for their salaries not keeping up with the growth of the Chinese economy. Li Jiaqi should go ahead change his English name from Austin to Ryan and his Chinese surname from Li to XI to be more similar to Supreme Compatriot Xi Jinping and to express his admiration for Comrade Chairman Xi Jinping. Think of it, Xi Jinping and Xi Jiaqi sitting in a tree....
💰 The rising prices of Chinese cosmetic brands and the stagnant wages in China's economy have caused a stir online.
Here are the timestamps you needed:
00:08
During a live stream, e-commerce mogul Lijachi rebuffed comments about the high prices of Chinese cosmetic brands and questioned whether wages have increased.
The incident highlighted the critical state of China's economy and drew widespread attention from international media.
The 79 Yuan eyebrow pencil, while seemingly affordable for some, became a symbol of financial consciousness amidst the economic downturn in China.
📉 China's economy is experiencing a decline, particularly in the retail industry, with major retail giants closing down.
04:48
The economic downturn in China has led to the closure of retail giants like Karafor and Walmart.
Sunning.com, one of the largest non-government retailers in China, is expected to incur a significant loss.
😔 Shanghai's three iconic department stores are facing financial distress and decline in revenue and profit.
08:02
Shanghai's three iconic department stores experienced a significant decline in revenue and net profit.
The financial performance of these department stores reflects the current predicament facing retail in China.
A video shows the desolate state of a large outlet mall in Shanghai.
📉 Newly opened shops are struggling to attract customers and make profits in the current economic conditions.
12:01
Many shops are unable to earn 500 Yuan a day.
Newcomers need to adapt to new ways of attracting traffic and break away from traditional thinking.
Even online brands are experiencing financial decline amidst the adverse economic conditions.
📉 China Resources Group sells Pacific Coffee amid declining store numbers and increasing closures.
15:41
Pacific Coffee's market share in mainland China increased and it became the second largest coffee chain brand after Starbucks.
China Resources Group sold Pacific Coffee to a startup team at a low price, indicating a possible eagerness to offload the brand.
The number of new Pacific Coffee stores has been decreasing annually, with closures gradually increasing since 2019.
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