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ronnel acido
China Observer
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Comments by "ronnel acido" (@ronnelacido1711) on "Restaurant Owners in Tears! 70% Closure Rate for China’s Restaurants, 1 Million Shut in a Year" video.
Chinese economy relies on export manufacturing for foreign customers. But if you alienate and drive them out of your country with inhospitable policies and regulations, why would they come back and invest? Lesson learned in putting all your eggs in one basket and having an attitude. The house of cards is collapsing.
23
Most, if not all, of China's loans to the BRI have yet to be paid back. China can't print money for dole-outs without risking high inflation. The solution is to woo foreign investors back or borrow money overseas.
2
Malls are crowded but not every body is buying any thing in the shops. But shops need the foot traffic inside the malls for exposure. Malls need the shops to create foot traffic. Both the mall and the shops benefit.
2
Cooking fried rice threatens the CCP🤣🤣
2
Forget about fried rice. Just cooking it makes one a threat to the CCP nowadays.
2
Not only ordinary Chinese are tightening their belts, China's restaurant industry is oversaturated. Same type of diners offering basically the same type of menu.
2
That may work in a typical world where citizen's rights are respected. This is China.
1
The CCP overleveraged their status as world's factory thinking that they were indispensible, even taunting their customers with draconian laws tinted with xenophobic bias. Good thing foreign companies called their bluff and get done with China.
1