Comments by "Bobby Loo" (@BobbyLoo-jr8ys) on "Decoding China" channel.

  1. C. Govt has NeVER love it's people. They treat the people as working horse.
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  2. Physical stores are replaced by online shopping. It is cheaper, free delivery, and easy to return. For physical stores, when you try to return items, the staff will give you trouble.
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  3. If one doens't buy or own car, one can save ALOT of money. I don't have a car and take the metro to work in CHina. Owning a car, is like raising a child: food (fuel) health care (maintenance) shelter (parking) And after a few yrs, it lost 30-50% value.
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  4. meh regarding those Chinese with huge mortgage payments. Meh. They fell into the trap, thinking that their job is a "forever" job. They don't know how to maintain a balance sheet. "Money in and Money out" = No savings. All those people wanting a property or multi property are now crying. Meh. That is what happens when EVERYONE wants to own property, but the land is NOT theirs. Not everyone should buy. By taking huge mortgage, most of it goes to pay the interest and little actually goes to the sale of the property. And now that many have lost their source of income, and can't pay mortgage and can't sell...death trap, ruin family, more arguments, down grading of everything.
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  5. I dont' feel sorry for those who took mortgage and then lost it all. They were too greedy, never satisfied of what they have and so they took those huge loans. Those that lost everything, money, house, wife, friends, etc. They gambled with a mortgage and lost. I will never take a mortgage loan. I just pay the property with cash. NO need to involve the bank, no need to pay interest. No hassle. Just a direct transfer to the seller and the property is mine! Paid in FULL.
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  6. I would suggest Chinese adult, start working after HS, Working their way up, gaining real work experience and dont need book experience.
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  7. To the 23 yr old job, there are many job, but are you willing to endure hardship, like aiyi. Many wont' hire her, because she has no experience. Many young people dont even do housework, yet, have aiyi themselves.
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  8. Those in uniform bully the lower class.
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  9. In China public school, parents will give red pockets bc the class size are huge. As stated in the video 40-60 students in class is normal. So how can there be quality education when the ratio is 50:1 ANd if parents dont bribe the teacher, he/she will be left alone/behind. If you have money, international school classes are small, about 15-20. As these school care about quality and not quantity (as in local school: biggest bang for your buck). And bc internation pays very high, teachers can be fired if quality is bad. Where as public govt run. Once the teacher is in, there is not QC or if there is, the head teacher doesn't really care. Whether working hard or not, he/she still has a job and gets paid.
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  10. Having a long term housing mortage is a death trap, slowing killing oneself. Once the money is gone, arguements arises.
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  11. I still dont understand why graduates hate working in factories. If that is your only way to put a roof over your head/food on the table, l'll do it. It is either do or die. These graduates think they deserve the best of the best. Don't we all. Everyone wants best of the best; best job, best house, best car best iphone, etc etc. The best goes to the officials, their family, their kids, their friends and etc. And the best goes to those wealth business men/women who has connections to the officials. The rest of us, are waiting for "left" over scraps. Think; Animal farm; the novel.
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  12. marriages is for those who have money.
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  13. Those memeber become members has one goal in their life. To get as much as they can, to give to their family, to invest their luxury life, to open bank accounts in other countries (hide money), etc.
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  14. The tax dollar goes to fund those military programs. When do they care about the people. The "Common prosperity" really means for those higher ups, not for the common people. Their bellies are fully, their family's bellies are full and the local people are starving, high in debt, tofu buildings, or uncomplete buildings, no jobs for graduates. And they wonder why the population is decreasing; no marriage, no children. They haven;t lived the life of the common folks, so they don't know jack. These problems, the officials will never have to worry about. Their children have everything, they have everything. It is all about they having it all. Screw the people. The officials step on the common people. The common people are the slaves, while they are the kings.
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  15. The problem with some these grads is all about face. Their parents show off to their peers that their adult child is studying oversea, spending Millions. It is away to show off wealth. Yet when these adult children come back to find job, some are able to find jobs with 8-12k. But I ask them, how long will it take to earn about their tution fee from overseas? Im a foreigner and l did NOT spend millions of RMB on my education, yet l still earn 3-6x more than them. 6x because of sid gigs
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  16. Earning a master/PHd isn't a guarantee to secure a good/high paying job. Sadly, many of those graduates do not understand this concept. Street smart trumps over any paper degree.
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  17. Chinese uni degrees are not valuable. CHinese with foreign degrees, a bit more valuable, but not by much. A foreigner who can speak Chinese is valuable.
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  18. There are man single rural men. But their pride will not allow these women to consider them.
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  19. My current salary (in RMB) is 10x of that of a delivery driver, yet, they hare more degrees than me. Sad.
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  20. Those who open a restaurant wants to become bosses and/or have the dream of making big bucks. I also want to open my own private training center, but l know the risk is high and many barriers to overcome (licensing, etc). Not everyone can succeed in business/opening up a restaurant. No matter how much you work and invest, there is a high chance, it will fail. So, do l feel sorry for them? Not really. Because it was a choice they made. And now they are crying for sympathy.
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  21. THe problem with these young gen is that they buy buy buy. THey need need and need; Need a house, why not rent. Need a car, why not take public transportation. If these gen don't buy car or house, they won't be in this mess. If they have so much debt and then raise another mouth of feed. Man. totally poor financial planning. I think he just plan day by day. LIving the risky life, it seems. When limited funds in bank; no house, no car, no wife, no children. ONly those that have funds (like at least a million rmb) can think about having a wife/child. But no own property. Only funds of more than 2 million is safe. I understand that many cant' even say up 100k. Then, live within ones means. If one has less than 100k rmb, follow the 4 nos: house, car, wife, children. Raise oneself by feeding and shelter oneself is already a good life.
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  22. I think, the car is worth 2k rmb as scrap.
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  23. We can't blame everything on the economy. Those drivers only skill is to drive a car. What other skills have they accumulated over their 20 yrs, other than driving. Did they learn to cook? Rapair? They could of gotten a trade certificate. I say, it is bad planning on their part. We should be able to adapt in all situations or we become extinct like animals. If animals can adapt, then we can too. So, it is their own fault, only having one set of skills. SO they can't adapt and now they are crying because they will soon become extinct. It is survival of the fitest. Whoever can adapt to the changing environment; changing economic situation, they can survive. The double reduction when china got rid of after school training programs/schools. Many lost their jobs. They have to choice but to shift to other sector of the economy. They have to learn new skills. Life lesson: Always have backup plans. Always have multiply skills. If not...dont cry...when your sector tanks.
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  24. Those grads of master and phd has been lied to all their life. If they started working at 16, they would have a future. Working experience is now more valuable than learning out of date knowledge, except for STEM. The tution is to pay those corrupt uni staff. ALso, parents were lied too. The govt advertise uni, to drain parents saving. And end up in business pockets.
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  25. It will only get worse. However, if China obeys to America and treat western companies in CHina with more respect and less spying, then maybe...economy can recover.
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  26. The guy that bought the house, who's fault is it, taking such HUGE loans and now complaining about it. Because of these people, housing price is so high, because of the high competition to secure a house. Now, people can't afford it! HA. Housing mortgage is a death trap. For me, l will only get a mortgage, after paying a down payment of 80%. They put too much effort into securing a house, without enough money in the bank and take out huge loans, to keep with the "Joes" Crying about it won't help.
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  27. I think, that was the plan. The Bigs want those that can't survive in 1st tier city to go to the rural area.
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  28. Common Prospect= how to milk the citizen till they are homeless. Common Prospect= for the Bigs, NOT for locals.
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  29. They are digging themselves into bigger hole. Stupid.
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  30.  @MK_ULTRA420  That is true, they are just giving the govt free money. Feeding those govt their luxury life.
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  31. There goes her parent's retirement funds.
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  32. The BIgs should target foreigners who has been in China for yrs. They have a HUGE saving and high incomes, more so than avg local citizen. They can definitely afford an apt in 1st tier city. ALL they need is a little push, say, some major benefits such as tax breaks and low interest rate mortgage, lower than the market price. Since foreigners have a high guarantee to repay and less chance to default due to their high monthly salary of 15+k -45 kper month after taxes.
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  33. Cant blame those who dont want to help the man that has fallen. There are too many scams in China. Who would want to risk helping. They all want to help, but the chance of being in a scam is too great. Having a good heart, may cause you heart ache, when it is a scam.
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  34. Why contribute to pension when after 20 yrs, the money is inflated and most of the money ends up in other's deep pockets. Save money oneself. You are in control and not the govt.
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  35. I still don't understand why these graduates are complaining. They have a job, and it is probability their first job ever. We westerns, starting work at 16, slowly gaining experience from flipping burgers at 16 to becoming a teacher. So their first job, is like flipping burgers, with a useless degree. They should be happy. They should work at family mart or some convenience store when summer came. But of course, they were using that time, memorizing useless Chinese poems and taking other useless classes. The best experience is working experience. Get out there, and experience the real world. Sweep the floor for 5RMB per hour. This will open their eyes that life is all forms, shape and sizes. Only then, can they truely experience all levels of life from street cleaners to the big big.
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  36. Your parents taught you wrong, the society taught you wrong. Studying hard with those paper university does not mean you can get a good paying job. Too many people have those paper and those with foreigner papers can't find good job. So, again, society and parents taught you wrong. The paper isn't a ticket. You also need luck and personality, hard skills, experience that few have. Only then, are you valuable. But if anyone has similar attributes, employer has more choice and can lower the salary. But if your skill sets are rare, you can demand more. So, again, paper means jack. The winners are university, as it is a business.
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  37.  @Michael-o3h  Blame Biden?
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  38. The man asking the 35 yr old woman a reasonable question. ANd we all know why she is still single, it could be due to her high demands and wanting to get higher education. the guy who forgot his wallet and ask if she can buy him another dish for take away, it is to show her that he has meet woman like this...
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  39. Those with resources and power, can own property and house and live comfortability, have 1/2 dozen kids. Those without, well...use your imagination.
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  40. Those chinese with foreign degrees are no longer valuable (golden rice bowls). They are completing with foreigners with real work experience that companies want. Those parents once proudly display their kid's foreigner degree, costing 1/2 dollars in US, must be proud now, only ending up with less than 10k rmb salary, if they are lucky. Those parents showing off their chid's degree is a way to brag to others, of their wealth, affording to send their child to western universities. Ha. Useless degrees. They can't complete with me. Even if they have masters/PHd, l trump over their degree anytime. Foreigners of ABC and CBC will always be more economically valuable.
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  41. Since when did officials care about the locals. They spend money to control people (police), they spend money on military to show the world their strength. Locals gets crumbles.
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  42. BUt many still have high standards, as they beleive they are luxury good, due to their high education. Men only see women's health, beauty and age.
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  43. university graduates from oversea and come back are competing with foreigners. What is wrong with waiting tables. I did that after graduating, waiting for opportunities to come, gave me something to do, while still looking. These chinese graduate think their degree is the golden ticket for top jobs. How about work your way up, by starting at the bottom. i remember, the govt wants graduates to return to the country side. This could be their master plan. The govt has no plan to solve this because the plan is, if young graduates can't find job in big cities, govt hopes they will return to the country side. Sounds like a smart plan! Too many people in the city and too few jobs. The govt wants young people to prepare for hardship. I like!
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  44. The common P is a joke. The Common P only helps those in power, and the money will continuely flow into their pockets. THey don't care about other people;s suffer. They see the people as cattles, waiting to be s........ and collect their remains as profit. THe Chinese police helping the top, gets benefits, helping the poor is a waste of time for their careers.
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  45. Why are young people reluctant to work in factories: because they were raised to be little emperors and empresses. They were protected by their parents to not endure hardship. In the west, teens flip burgers in the summer, sweating. The west kids starting working at age 16, starting from the very bottom. These chinese prince and princess start their career at the age of 22, if they are lucky to get a job. And when they cant get their desired job, they are good at bitching, so it is too hard. Teens in the west, started early, and by the time they are 22, they have experienced hard labor: including mopping floor, washing dishes, etc. Fuking 22 yr old cry babies.
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  46. Glad, these once rich second gen rich children's funds are cut off. Now, they know the real meaning of honest work, like the rest of us. Experiencing hard work, calculating and managing their limited money. Finally, they become normal, living a normal life. No more luxury life. These rich spoil 2nd gen or 3rd gen rich adult children had it easy. Now they know what is means to work hard and have problems like the rest of us. Haha. Finally. a monthly salary for these young adult of 4500 is a good starting salary.
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  47. we know who is to be blame.
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  48. Chinese university degrees are useless. Only a few can use their degree and earn a decent living, the majority, can't get a decent job with it.
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  49. So, many Chinese are angry because they brought property and high prices and now has fallen. Hmmm, does that make sense. Seems like they didn't understand the bubble burst.
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  50. These Chinese people would have more money in the pocket, if they DID not take huge mortgage, and instead rent, since most of the monthly mortgage bills goes towards the interest and not the principle. Those who mortgage took BIG risk. And the blame is the mortgage owner, NOT the banks nor the dropping house price. So, the fault is entirely on them. These Chinese people want everything, they want house and car and yet they can't afford it. They are chasing the dream of forever debt, with no saving and no plan B. They brag to their family and peers that they bought a car/house, but they dont OWN IT, since it was bought on credit. So anyone who brags to me that they just bought a new house or car, l ask them, do you FULLY own it? The banks can ruin one's life, if one cannot pay their mortgage on time or defaulting. THose who default and can no longer afford their house and car is called what? LOSER.
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