Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Life’s Unbearably Hard in China: Poor Crowd Beijing Station at Night" video.

  1. Life in China becomes increasingly difficult as the poor crowd Beijing Station at night amidst economic challenges and the looming threat of deflation. 📉 China's economic recovery is facing challenges with falling real estate market, growing debt risks, shrinking exports, high youth unemployment, and approaching deflation. 01:05 China's National Bureau of Statistics data shows that the Consumer Price Index (CPI) remained the same in June, halting its rise for the first time in two years and four months. 01:05 The core CPI, which reflects household purchasing power, rose by 0.4% year-on-year, the lowest increase since March 2021. 01:42 External warnings suggest that China's economic recovery is weak and a crisis of 'deflation' is imminent. 02:01 The Producer Price Index (PPI) for June was 5.4% lower than the same month last year, marking the ninth consecutive month of negative growth. 02:18 The 'double decline' phenomenon in both consumer and production ends indicates a decrease in market demand and purchasing power. 02:39 ❌ Deflation in China may lead to a decline in consumer spending, layoffs, and a vicious cycle of reduced production and more layoffs. 02:57 Deflation may result in a decrease in consumer spending and impede economic growth. 02:57 Layoffs due to shrinking demand may trigger social issues. 03:13 A decline in prices leads to reduced income, decreased investment, production, and possible layoffs. 03:30 China may already be experiencing deflation, which could be worse than officially reported. 04:08 China's economic development relied on foreign investment and generating domestic demand is now difficult. 05:17 ! The Chinese economy is experiencing deflation and the real estate market is weakening, leading to a negative perception of China and a significant economic collapse. 05:51 Deflation is more difficult to control and overcome than inflation. 05:51 The real estate market's recovery momentum remains weakened. 06:06 Chinese people are seeing their wealth shrink, affecting the consumer market. 06:19 China's real estate industry is unlikely to rebound. 06:37 The external perception of China has become more negative due to the pandemic and China's economic collapse is underestimated. 07:09 📉 The Chinese media has reduced promotion of Xi Jinping's 'common prosperity' campaign due to problems in the Chinese economy and the focus on boosting economic growth. 08:49 The current measures are focused on boosting economic growth, so adjustments need to be made. 08:49 The authorities are mentioning 'common prosperity' less because of problems in the Chinese economy. 08:49 Large-scale and well-funded enterprises may be impacted by the 'common prosperity' policy. 09:07 Foreign investments may not return to mainland China this year due to loss of confidence. 09:39 Xi Jinping's crackdown on internet giants and the education industry is seen as unfair. 10:15
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