Chinese Gov't Eyes $1 Trillion USD in Citizens' Savings, Using Fines, Price Hikes, etc., to Reclaim

The financial crisis caused by the economic downturn is becoming a major issue that the Chinese communist government urgently needs to address to maintain stability in China. With a significant fiscal deficit and no new sources of income, local governments resort to fines or price hikes to increase income. And the source of this income is, of course, ordinary Chinese people.
#chinaobserver
All rights reserved.

[@KneelB4Bacon]

When the government runs out of money to pay cops and soldiers is when it's going to get really interesting.

[@Vex916T]

It will happen this year... definitely will get interesting and you will clearly see who is a sheep and who is a free human when Govts collapse happens.

[@MSDGroup-ez6zk]

LOL just like the USA stole Russian people money.

[@cliffontheroad]

@@Vex916T I want in on the "pool" for "not this year" since any uprising will be met with more repression. Thousands of cops appear sometimes, and there are newly created local police units, as reported in one of these china-bashing videos.

[@user-mx9wn2gc3m]

Yes

[@PassionataDance]

Current leaders will get dragged out by the general. And then there will be democratic elections...we have seen this happen numerous times in history.

[@benyomovod6904]

Their economy grew with warp speed, now it declines with transwarp

[@justinwolf7490]

Yep that what happens with Ponzi schemes they grow unbelievably fast then collapse.

[@RT-qd8yl]

I genuinely feel bad for the people who just want to live their life with their families comfortably without interference by the government. But the people who see everything going on around them, are able to cognitively realize what's going on and what the causes are, and STILL support the CCP, I have no sympathy for them.

[@monkeygalaxy6322]

Well... They're paying for their parents/grandparents mistakes... When they had the chance to start a revolution, they sided with the wrong side and... The less tyrant side was exiled to Taiwan

[@feministpicnicfallsapartaf3644]

​@@monkeygalaxy6322 "less tyrant"💀

[@peta333]

@@feministpicnicfallsapartaf3644less tyrannical, all government is parasitic in nature and uses coercion to force compliance. It is obvious that the government budget on the military is enormous and this is to force compliance within the international community, “all of the China sea and parts of all neighboring countries belong to Central Government.” And the the same is true for internal government control except that even more money is needed, thus spent.

[@whatever5575]

@@monkeygalaxy6322 even if kmt ruled china, it's very likely the corruption will be the same, if not worse. most people who go into politics are there for the money and power. it's just ccp is much more scrutinized since the flow of information is difficult to suppress in this day and age.

[@RT-qd8yl]

@@peterseth3296 I never said what country I'm from though?

[@hihellokitty85]

CCP: "We will still survive & get fat on the backs of our people. It's your duty, my citzens to tighten your belts."

[@xulshaenlightened5860]

American politicians are furiously taking notes.

[@kryts27]

Hey, that's straight out of "Animal Farm", (George Orwell).

[@rogerbartlet5720]

The worst of both capitalist and communist systems.

[@cesaravegah3787]

Capitalism is infintely better than communism, but you are kind of right, the CCP has managed to build a "1984" level dystopia.

[@rickrollrizal2747]

China isn't capitalist. It's a cronyist market system

[@Slitheringpeanut]

There's no Capitalism here, sadly. It's all government meddling.

[@seraph3761]

Everyone knows who to blame lol

[@rickrollrizal2747]

@@GG-cg1dx China made sure no uprisings happen with a brainwashed military and national snitching and reward program similar to what the nazis did.

[@samsonsoturian6013]

The irony is these idiots could save a lot more face by simply declaring bankruptcy.

[@weswest8666]

No bankruptcy allowed in China

[@wheezysqueezebox7651]

Salaries cut, while the cost of utilities and food increase! Ordinary Chinese people, just don't have any disposable income! No wonder businesses are failing!

[@Michael9-23-15]

Hey Chinese people! Please remember that there's lots of You, overwhelme the Police! There's strength in numbers....

[@Aliphatic]

Boh Lam Pah 😅

[@samsonsoturian6013]

Prices of necessities are going up with inflation, prices of luxuries are going down with demand. For decades, Chinese people were buying things they did not need with borrowed money.

[@slammerlo510]

Free money they didn't save but wasted it. The pipe dream of living on cloning profits has gone dead. Xi asks to stop wasting and take home a doggy bag after eating. They laugh at him, sneering that he was crazy. Money is short to eat now, how will they pay for a high-speed ride now.

[@AdmiralRamirez7]

5 gold for littering! littering?! I barely make that in a year.

[@bunnyfufu9933]

Lol they got charged 400 each 350 is going into pocket while the 50 is government fine. Insane

[@teardowndan5364]

If Chinese subways didn't have security staff everywhere, grabhags would run away with everything that isn't welded to the walls and floor... and even those may be at risk of grabhags bringing saws to pick them up.

[@marlonmojar1829]

Wait till the government ask for breathing tax

[@MrPINKFL0YD]

It's called 'INFLATION' !

[@hubertvecht7255]

Same thing happening here folks, WAKE UP !!

[@gunsumwong3948]

I have been fined £12.50 every day I take my car out, like doing a school round or going to supermarket, in London just because it was older than 2016. China is way behind the west in extracting money from the citizens.

[@michaelwin83]

How is life in London ?

[@asifkaka5052]

you are joking right? Right?

[@gunsumwong3948]

@@michaelwin83 Everyone is grabbing money including the government.

[@seraph3761]

The difference is you can afford it. While for the average Chinese person it really hurts.

[@SR-ur7yl]

Ah yes, an emissions tax is defo the same as a fully corrupt dictatorship country that builds marshmallow apartments, makes fake toxic food, covers up tragedies and families from mourning, lethal work practices and intimidates it’s citizens with an iron fist and plunged it’s middle class into poverty.

[@TheLocoUnion]

All of China is Tammany Hall!😮

[@popcorn6931]

Xi’s thoughts = this is how you treat poor people and those who can’t fight back.

[@dougwright3287]

How in the world does china manage to even function??

[@BR-hi6yt]

Sadly, when we are poor we should spend the most money (for the country's economics reasons) and not buy gold.

[@thuandao4243]

Soon, they’ll tax you for breathing . Smh, looting own people

[@goyoy6433]

This is nouveau slavery. In the old days, a slave worked for his master while living on the land and being fed. Today, as in America, the slave master pays the slave only enough money to rent, eat and pay for goods, leaving the nouveau slave with nothing left in his pocket. And if he happens to have extra money, the government takes it.

[@linmal2242]

Plundering the People. So much for the Great Party ! A broke joke !

[@vmbay2212]

As if what’s happening with the U.S. Govt. Plundering its “OWN” citizens as Ca$h Cow$!? What’s happening in China will soon happen right in America as the Deficit Explodes, the Economy Tanks; just wait till the government runs out of money.

[@mah7961]

Time to figure out what’s more important China buying that counterfeit Gucci or a cup of noodles

[@amelierenoncule]

Unlawful seizure of funds...REVOLT !!!

[@HighMojo]

Methinks that you intended to use seizure not censure.

[@MSDGroup-ez6zk]

@@HighMojo LOL just like the USA stole Russian people money.

[@amelierenoncule]

@@HighMojo Merci, mon ami.

[@wheezysqueezebox7651]

Why would a subway system, need to pay for advertising? Those, who use it, know it's there! The Parisian metro, makes money, from advertising! There are ads, posted on the walls, next to every stairway, and on most walls!

[@owenb8636]

Why are they not wearing seatbelts if they are available though? I never understood this about Asian countries.

[@lblancelot]

Exceptional that China is experiencing inflation and deflation at the same time.

[@curzon176]

It's hard to spend money when you barely make enough to survive. A lot of people aren't just tightening their belts, they're literally just broke.

[@BuzzSargent]

Excellent report today. The detail on subways and train expenses to local government was well done. Happy Trails

[@neone4759]

Same here in India, Economy is breathing with Tax, Fine, Penalty, Liquor. No Productivity.

[@charzemc]

The people have always been a governments cash cow. It happens all over the world.

[@Vex916T]

This excessive police extortion ticketing is happening or will happen in your nation too. Not the Public's fault that the Govt leaders recklessly spent their funds and are now financially broke.

[@jk3050]

To be fair, my government also increases train fares regularly, I knew I was being repressed!

[@TOMAS-lh4er]

I grew up during the Cold War times and then watched the Mighty USSR, collapse because its economy self destructed trying to keep up with the American military spending, The USSR even with many security investments, the CCPs security groups will not be able to stop the fall of the economy,

[@jarrelleandersola508]

They are focusing too much outside the country. Not the inside.

[@holboroman]

Yep, they are obsessed with "America"!

[@williamhagen2792]

Ecellent.

[@rafaelrcordova171]

This is how they are going to try to do us in America

[@Vex916T]

The US Govt have been increasing their extortion taxes, fees, tariffs, and fines against Americans for past few years, however the US Govt do it more sneaky than CCP and it is why so many things are more expensive now for Americans like utility rates or food prices.

[@kurtgreen1040]

Already happening

[@vmbay2212]

Do?? Apparently somebody’s naïve…🥴🥴

[@nmtl5721]

The cycle of nonsense will continue as long as you keep worshipping your ancestors and your so called superiors.

[@jonmadden3863]

Worshipingyour Ancestors and superiors don't mean to blindly follow whatever rules they have when they existed. But i get you and even thumbs up your comment. The keything here is doing it blindly and not having common sense to take in to account that what works for your ancenestors and superiors may not necessarily work for you. I'm for freedom of relgion, but not for freedom of remind ppl every 5 minutes that you don't believe in religion.

[@nmtl5721]

​@@jonmadden3863 Whoever you worship will have influence over you. The ancestors are dead and the CCP officials are oppressive, so these guys are going to end up being oppressed to death if they continue...

[@MSDGroup-ez6zk]

@@jonmadden3863 LOL just like the USA stole Russian people money.

[@ritobug483]

​@@jonmadden3863 Found a shill.

[@asdisskagen6487]

" ... does this mean that the Japanese and Americans are inherently more civilized than the Chinese? " Well ...

[@user-ni5gt4wm8e]

No; not at all. Chinese from the PRC are renowned worldwide for their civilized manner wherever they happen to visit or reside.

[@asdisskagen6487]

@@user-ni5gt4wm8e 🤣🤣🤣 You have obviously never encountered a pack of Chinese tourists. Or seen one of a myriad of videos of "aunties" at a buffet, free sample station, etc.

[@MSDGroup-ez6zk]

@@user-ni5gt4wm8e LOL just like the USA stole Russian people money.

[@mattanderson6672]

Rise up People of China

[@arcticfoxserenity7042]

The electric billls in my area went sky high also. It more than double what I used to pay in the USA . No parking area are all over now knowing very well than there’s not enough parking for people so now people are being fined 100 rmb a day for parking. On the streets

[@MamaMOB]

Did you guys ever think of following the law? I mean I know it hasn't been great over there but if they're using the law to steal your money follow the law. Wear your freaking seat belt!

[@ridcom]

Kinda hard for the population to spend money when no one is hiring, the prices of formerly affordable necessities climb continuously, and the "government" refuses to put any of that printed uselessness into circulation.

[@vmbay2212]

America….😂😂

[@stephenjohnson6632]

It's happening in every country the price goods of everything is going up .

[@tswyoung5223]

Chinese voted for this. Congratulations

[@yannickille4049]

The more they build The more they loose? STOP BUILDING😅😅😅😅😅😅😅😅😅😅😅😅😅😅

[@jayemer69]

Sudden wealth makes a person arrogant, I guess it's back to being humble for the arrogant is a good thing.

[@ZeroVideos000]

Guess very soon Chinese goods will go up in cost worldwide. Product quality will be trash as usual.

[@fdm2155]

No, the fake price increases only work in China. All the goods China is trying to dump overseas are at low prices to drum up sales.

[@teresanoverr-chin828]

At times, we have had NYPd searches of backpacks,etc. here in nyc. Recent MTAnannouncement that this was always possible…

[@krishnasukhoo4286]

its happening all over the world.

[@jamestreanor182]

There is no way that woman sells fruits...

[@Lu5ck]

I think is farfetchh to say they fining people to get cash. China vehicle accidence rate is abnormally high, partly due to lousy EVs.

[@willwilliam4996]

If you can afford a car you can afford a fine , buckle your seat belt kids it’s for your own safety.

[@tikimaka1]

Sucks to live in China doesn’t? Why don’t these folks emigrate to Taiwan. If I were Taiwanese, I’d be laughing at the sorry state of China. Long live Republic of China.!! 🇹🇼

[@darryn6268]

Inflation is across the world. Believe it or not, China is one among the least inflated.

[@JesusIsOneOfOne]

I stopped putting money in banks a long time ago and im in america.. i dont trust them being able to do bail ins with my money.. plus the dollar is trash... gotta swap it out for something worth more

[@ratheeshrajendran2660]

Same with India which penalizes hefty bucks for seat belts and all other stuffs. Ten or twenty tickets may come closer to a used motor bike's cost itself. Most state governments has allotted targets for income through penal charges. Even SBI which is a government run Bank penalized a hefty low balance charge from all it's existing accounts which was a cheap trick to collect a substantial income to the bank.

[@rubencarvalho230]

If the law says that you have to wear the seat belt, wear the f seat belt. This is on you, not on the government.

[@kryts27]

Stagflation is starting to hit China. The Soviet Union also went through this. In order to try to counter this, the central Soviet government subsidized the wages of the urban proliteriat, but did not try to deal with the root cause of the problem economically. So people bought bread at non-inflated prices but the flour supply did not increase, so bakers quickly ran out of bread. People in the end queued for hours or even days for a loaf of bread. Shortages occurred in most kinds of consumable products and most shop shelves were empty. The hyper-expensive black market flourished (for those who could afford it) even when the Soviet government tried cracking down on it. Like all "good" dictatorships, the Soviet Union tried autarky, but could not manufacture all househould products and cars at the same quality and quantity. Without free markets, most Soviet citizens waited for years to own a car, even when a partial down payment initially occurred.

[@redcherryblossomgrowing9901]

Cash cows. So sad!

[@AnthonyTolhurst-dw1nc]

Low on honey, Pooh Bear?

[@markdowse3572]

Whenever it seems that the CCP can't get any WORSE, it does and thus shows that the evil and corruption of the CCP are ENDLESS... 👿👿 Decouple from China now - and NEVER go to China again while the CCP is in power. We Aussies have NO SECURITY CHECKS on our trains. The Chinese PEOPLE must rise up! M 🦘🏏😎

[@ww1251]

Reputation live tour songs are all the best!

[@aussie-green-skull-7824]

This is what happens when all governments run out of money they go for the average person not cut their expensive lifestyle on the tax payers

[@politicalbandit3904]

A band-aid for such a dire situation, change the current system perhaps 🤔.

[@guterjunge3542]

If you want to know how a subway with barely any security looks like go to Berlin… it’s not good and I would wish for way more

[@HKim0072]

You missed the point. It's not security related to safety. It's security related to protecting the government.

[@MSDGroup-ez6zk]

@@HKim0072 LOL just like the USA stole Russian people money.

[@chocobrowniewin]

For those people who think we should just follow every law... please remember your words when the law makes it illegal to protest, to expect a salary or to own anything... Oh, don't forget, illegal to not have children.

[@tattoomesam]

Same thing happening in NYC to pay for the migrants

[@mattw5840]

Those screens with the price and videos of vegetables playing is crazy! 4:10

[@ericmorrison3563]

this will end like the french revolution heads will roll heads will roll

[@maapaa2010]

Things seem to be spiralling out of control. Economic implosion just like what happened to the USSR.

[@luiscuellar685]

French revolution

[@vincentramirez8188]

Stop working all together, shut it down then you will get the government’s attention.

[@yannickille4049]

😂no matter what, you will be robbed of your money😅😅😅😅😅😅😅😅😅😅😅😅

[@yannickille4049]

😂protecting? No Controlled!!! 😅😅😅😅😅

[@fdm2155]

Wow, just straight up robbing people...😲😲

[@jacksmith-mu3ee]

That's usa

[@SalemikTUBE]

All this and more is coming to the west.

[@seraph3761]

No longer a free country when you’re forced to wear a seatbelt

[@ameraljabr405]

Pretty much all Europe countries now

[@kenosabi]

Why would you not need to wear a seat belt in a ride share car? Is it not still a car? Is there not still the chance of your brains being thrown on the pavement? Have ride shares never been in automobile accidents? Like ..where's the logic here that you shouldn't be??

[@rtordenskjold]

I spent a significant amount of time in Shanghai and every time i went out the door there was a cop or wanna-be cop (security guard) that claimed i did something wrong and i had to pay a fine. Whenever my wife(Chinese) was with me, no problem, but when i was alone these crocked guys was there immediately looking for a "hand-out". Even at the gym some guy would approach me trying to get me to pay extra for something. Just sayin'

[@igoryurchenko9569]

Inflation is an economic phenomenon characterized by a general increase in prices and fall in the purchasing value of money. Essentially, as inflation rises, each unit of currency buys fewer goods and services.

[@wadly99]

How come all videos about China have to show somebody counting 100 yuan notes?

[@blue-phoenix115]

Fines could only keep the poor and middle class in check.

[@yannickille4049]

They just do like in Europe $$$$$$$$$$$$$$$$$$$$$

[@user-vx5ld3wf4e]

How have house prices risen when i see a video not so long ago about houses are selling cheap because of the real estate scandal 😮

[@MK_ULTRA420]

Tier 1 city real estate vs Ghost city real estate.

[@ttomtkh]

daylight robbery

[@rickertom8122]

Just as Col. Douglas Macgregor said: "Substitute the word China with US and you are closer to the truth!"🤣🤣🤣

[@jonmccormick8683]

6:15 -That is a beautiful railway station. -Most of the World and specifically the US does not have rail this nice.

[@boonsuanteck4684]

in the West, people bark at the government for little things that may affect their comfort zone, eg, environment, social,budget,etc. CCP knows better that is to make no one barks at them.

[@blipzero]

thy can fine you in your home . soon you will be fined for walking down the street with an empty bags .

[@WolfOfLosAngeles]

Sounds like the USA inflation lol

[@HKim0072]

Just feels like a bad version of ChatGPT. - deflation is bad: ok, we’ll raise prices so the CPI will increase - budget shortfall: ok, we’ll raise fines and utilities costs - frugal budgets: ok, we’ll reduce office supplies Part of me is glad that Xi is incompetent. But, he’s a zealot which makes him unpredictable.

[@vishwanathsrinivasaiah7734]

His alter ego (11 Ping Pong balls) in India, is doing (more or less) the same thing when it comes to price rises of essential commodities, highway tolls cost rise, and train fare increase with cancellation of existing trains, et al, for past 4 years. He likes to follow Rasputin and 11 Ping Pong balls. He is seeking 3rd term and people of India doesn't release the effect on economy by his actions. Instead of voting on party principles, people of India are voting based on alter ego's persona.

[@a24396]

For perspective, 1 Euro buys almost 7.78 Yuan and 1 US Dollar buys 7.22 Yuan. The median income in China is something like 55,000 Yuan per year. That's slightly less than $8,000 a year. And, sure, the economic data available is problematic and misrepresents the true economic conditions in China. But do you think the CCP is understating the economics here or overstating them? If we pretend the reported median is correct and it IS actually 55,000 Yuan per year, that means half the population live on less than 150 Yuan a day. Keep that number in mind when you hear the prices have gone up. A 5 or 10 Yuan increase represents a HUGE increase. (And then consider the median income reported is probably overstated by about 30%!)

[@llothar68]

A median income doesn't mean anything in a country like China. You still have 600 million of rural people. Many live more selfsufficient so they don't use money for trade. And Shanghai und Bejing are fucking expensive and Minimum Wage is higher then unemployment social Germany now (800 china vs 550 Germany)

[@4040Collective]

takes 4 seconds to put on a seatbelt 💀💀

[@neilcalonia2882]

Hail the worlds model government system...😂

[@krazykobe8]

Please name of the song at 2:00 min mark playing in background? thank you.

[@notsure1135]

Wear a seatbelt? How hard is it?

[@FirstNumber1]

Isnt 50yen like 0.5c usd?

[@HKim0072]

50 yen is 33 cents, but that's Japanese currency. 50 yuan is around 7 USD.