Comments by "Screen Apple" (@screenapple1660) on "China Growth Slows as Weak Retail Sales Drag Economy" video.
-
Why China’s Stock Market is Declining
The Chinese stock market has been on a downward trend. Despite the introduction of the new DJI drone, which was expected to boost the economy, sales have declined over the past three years. In Hong Kong and mainland China, drone usage is rare. Very few people can afford them, making it costly for China to develop new DJI models that don't sell well. For instance, the DJI Agras T40 did not perform well among Chinese farmers.
Traditional methods, like using simple water buckets, are still preferred by Chinese farmers for their efficiency. They find no need for advanced technological drones or innovations promoted by the Chinese government, which many see as failing. The ancient Chinese Dragonbone Water Lift, an invention passed down through generations, is more effective than the new DJI Agras T40. It operates faster, requires less physical effort, and pulls more water than the latest drones. The advanced water spray technology used by DJI drones doesn't make sense to the farmers, who need water and mud for rice farming, not loud noises and special sprays. DJI drones cannot handle tasks like mud collection, which is essential for farming.
Moreover, rising youth unemployment in China is exacerbated by job losses due to drone replacements and government-driven innovation initiatives.
1