Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "First-Tier Cities' Office Vacancy Hits Historic High" video.

  1. 📉 Rental prices for office buildings in Beijing's CBD have declined by around 20%, reflecting a downturn in China's commercial real estate market. 00:18 Office vacancy rates in Beijing and Shenzhen have reached all-time highs. 00:18 Friends who own office properties are unable to sell or rent them out. 00:35 China's economy is facing five major dilemmas and hasn't rebounded as expected. 00:52 Vacancy rates of Grade A office buildings in Shenzhen, Shanghai, and Beijing are rapidly rising. 01:34 Companies downsizing and uncertain macro environment are reasons for the decrease in demand for office buildings. 02:27 Commercial Real Estate Crisis: Office Vacancies and Rental Prices Plunge Over 20% in Shenzhen, Shanghai, and Beijing as China's Economy Struggles 🏠 The Chinese property market is experiencing a decline, with second-hand homes and new residential housing prices decreasing. 03:22 The number of second-hand homes listed in Beijing has reached 190,000, indicating a downturn in the Beijing property market. 03:22 Buyers have become choosier and agents are negotiating price reductions to attract customers. 03:35 The construction industry business activity index fell to a six-month low in June. 04:10 The average price of new residential housing in 100 Chinese cities decreased in June, and the second-hand housing market experienced a more significant cooling down of prices. 04:33 Analysts predict that property prices in all Chinese cities, including first-tier cities, will inevitably decline, especially in the second-hand residential market. 05:33 📉 China's economy is struggling with falling house prices, weak consumer spending, and deflation. 06:43 House prices in Hangzhou are falling rapidly, making it a buyer's market. 06:43 Borrowing for mortgages has declined, indicating a decrease in new mortgage applications. 07:15 Consumer spending is weak, leading to concerns about employment and income. 07:31 China's CPI fell by 0.2% in June, indicating slowing consumer price growth. 08:19 China's PPI dropped significantly by 5.4% year-on-year, signaling deflation and decreased demand. 08:56 😔 The Chinese economy is facing challenges with low inflation, disappointing consumer spending, sluggish exports, struggling small businesses, and high unemployment rates. 09:48 Low inflation or deflation can hinder economic growth. 09:48 Consumer-oriented companies like Estée Lauder are experiencing slow recovery. 10:21 China's exports have been in contraction, with a higher rate than expected. 10:37 Small and medium-sized enterprises are facing difficulties and laying off workers. 11:12 High unemployment rates are impacting low to middle-income families. 12:01 😔 The zero-covid approach in China has caused a rise in unemployment, particularly among young college graduates, leading to an increase in homelessness and financial difficulties for both individuals and local governments. 12:51 The zero-covid approach in China has heavily impacted the economy, causing numerous businesses to go under and leading to a significant increase in unemployment. 12:51 Many new college graduates are struggling to find jobs, even part-time ones, due to the tough job market this year. 13:26 Unemployment rate among 16 to 24-year-olds has reached a new high at 20.8%. 14:14 Job prospects for university graduates are grim, leading many to take up blue-collar jobs to make ends meet. 15:07 Local governments in China are also facing financial constraints due to the real estate crisis affecting land sales. 15:23 📉 The decline in land sales and the zero-covid policy have led to a significant increase in local government debt in China, posing a major risk for the economy. 15:57 The total local government debt in China is estimated to be $23 trillion, equivalent to 126% of its GDP. 15:57 Local governments have been borrowing through LGFVs to cover project costs, resulting in hidden debts. 16:15 Xi Jinping administration has no good options for addressing the economic issues. 16:34 Stimulating demand through massive initiatives has led to oversupply and increased local government debt. 16:48 US cutting off the supply of advanced chips and technologies to China has further worsened the situation. 17:05
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