Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "$0.3 Bread and $0.9 Milk Tea Sweep China, Driven by Desperate Survival of Buyers and Sellers" video.

  1. 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. 00:00 People queueing for 2 to 3 un bread in Shian, with over 5,000 pieces sold daily. 00:00 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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