Comments by "Winston Smith" (@kryts27) on "Shanghai u0026 Beijing Are All Doomed?Physical Stores u0026 Large Supermarkets Are Closing One After Another" video.

  1. Supermarkets in Australia are stable businesses in large towns and cities. It is rare that these food retailers go out if business. Taken over by other corporations and business buyouts; yes, collapse (like the Franklin group in the early 2000s), because an unsustainable business model and over-leveraged credit also yes. But collapse because of drop in consumer demand (except in a few rare places) is almost unheard of. The economic collapse in supermarkets appears to be the case in China in First Tier cities (what is happening in other regional areas and cities in China may be worse), because of low consumer demand. Foreign retail companies are leaving because of poor profits, relatively high overhead costs and less Chinese consumers. The CCP's asinine recent anti-espionage law also targets all foreign businesses in China, so this is also a push factor for foreign companies. Coupled with high unemployment and wage drops for the middle class in China, including erstwhile small business owners who used to be consumers too, when the economy was doing well. China's large population is no longer an asset to it either. With a rapidly aging population due to the One Child Policy, forceably enacted for 40 years since the 1970s has made China's Japanization demographic and economic decline in the 1990s, now similar but also considerably worse than Japan's. Unlike Japan which got rich before it grew old, China overall will not even enjoy this benefit.
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  2. Goldman Sachs and other Wall Street institutional investors have strange metrics for estimated GDP "growth". It seems to me that the GDP "growth" in China is negative, not positive. Maybe they conflate the best case scenario and call that China's economic reality. As a scientist I call it skewing results or introducing systematic error. Probably deliberately.
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