Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Chinese Youth Are Crying: Biking 40KM to Save $1 on Transit, They Can’t Even Afford Toilet Paper" video.

  1. 📉 The era of downgraded consumption is upon us as China's economy is in a slump and many young people are adopting a slacking off lifestyle. 00:21 People are choosing to adopt a lying flat or slacking off lifestyle due to high youth unemployment and a lack of hope. Many individuals burdened with high loans and reduced income are seeking to lower their consumption levels to make ends meet. Downgraded consumption and substitution products have become popular terms, sparking discussions among internet users. 🧹 People are downsizing their consumption and opting for simpler and more affordable options in various aspects of their lives. 03:16 Cleaning with regular detergent and baking soda is sufficient, and a cast iron skillet is a better alternative to small appliances. Using common and affordable brands for shampoo and shower gel instead of trendy influencer products. People are downsizing consumption in different areas, such as transportation and household items. 🍽 The video highlights the decline in orders and income for late-night snack shops in Shanghai, leading to many closures, while street vendors offering affordable meals are thriving. 06:34 Late-night snack shops in Shanghai are experiencing a notable decrease in order frequency and income, leading to many closures. Traditional restaurants are struggling to stay open due to downgraded consumption, while street vendors with affordable dining options are becoming increasingly popular. Street vendors in Shanghai offer great value for money, with dishes priced at only 10 Yen or about $15. 🛍 Young people in China are shifting towards affordable products and secondhand goods due to economic downturns and reduced spending, leading to a surge in money-saving tips and the popularity of discount stores and online flash sale platforms. 10:09 Young people in China are avoiding luxury brands and expensive consumer goods, opting for affordable products and secondhand goods instead. There has been a surge in posts on various online platforms in China sharing money-saving tips. Low-cost domestic brands and mass market products are gaining popularity, while high-end cosmetics are losing appeal. 💰 The average retail price in Japan increased by 8%, boosting profitability for consumer goods companies like Miniso and Fast Retailing. 13:37 Miniso's revenue increased by 13.8% to 11.4 billion yen, marking the largest growth in nearly 5 years. Fast Retailing's profit increased by 88.4% to 26.2 billion yen, achieving three consecutive years of record highs in the greater China region. Chinese consumers consider Uniqlo to offer the best value for money, making it the most purchased brand across all age groups.
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