Chongqing’s Economy Completely Collapses! Government Officials Beg People to Spend

[@rollinkendal8130]

How can they spend money they cannot even withdraw from their bank?

[@apocain]

The U.S. government can't pay its debts, but it can still borrow money.

[@rollinkendal8130]

@apocain so. The subject was China.

[@sleepinglaffey3886]

MAKES ME IRRITATEE🍯 把路堵死，然後研究如何打通 把人隔離，然後研究如何促進消費 把企業搞黃，然後研究如何解決就業 把外資嚇跑，然後研究如何招商引資 SO GOOD WOW RICK SHEA

[@jussikankinen9409]

Money is not real, even americans cant take they money from bank

[@leealex24]

China problem is they don't spend. If their citizens spend additional US$1,000 per year watch the economy grow.

[@TaintedStaff]

The people aren't stupid if wages aren't increasing why would they spend

[@tedthesailor172]

Lots of people are actually working without pay...

[@gavinlew8273]

The millionaires and billionaires have to do the spending then!

[@midgetydeath]

They’re pretty stupid. They aren’t spending because they lack money to spend.

[@ivananderson5041]

Maybe they can become part of Taiwan 🇹🇼 and then can vote for their president like they can in Taiwan

[@YanBook-u5q]

Former nationalist government which led to CCP in 1949!

[@OrcsRwarCriminls]

​@@YanBook-u5q ...as you said: FORMER! These days one of the best and greatly working society and Democracy with happy people and no xenophobic thieves like china

[@homerj806]

Are these the same wages that employers have not paid in months and the government expect people to get loans to pay for their daily living expenses like food and rent.

[@bluedrakken]

unpaid and asset frozen in banks

[@anonymousidn777]

Dont worry, CCP just show another video of how great their light city, emergency service, and how great their country

[@jonfreeman9682]

This is the advice of China's brightest economists? Telling people to spend money they don't have does not bode well for the country.

[@HungoverHistorian-zf6gi]

That’s all they are allowed to say, probably

[@TheTektronik]

They're politicians not economists.

[@temptempy1360]

and create a hard-core block of debt to tune of 240 trillion yuan...

[@leealex24]

China problem is they don't spend. If their citizens spend additional US$1,000 per year watch the economy grow.

[@janetsmiley6778]

Funny! They have been doing this for decades in the US. It hasn’t worked here either. People burned under a mountain of consumer debt.

[@sdovhfunlahsvisegbakshfjbs4621]

Writing job in the times of AI? Double whammy.

[@Gruffydom]

Where are they getting this money to spend? Unpaid wages. Low wages.

[@kamsunleong6648]

China achieved a record breaking trade surplus of USD1 trillion for 2024. Plenty of export proceeds flowing into the country.

[@toddheartsound5451]

Nothing makes me want to go to a restaurant more than a government official instructing me with a dire face expression :D

[@Vishypoo]

I worked for a Chinese company years ago and they didn't pay my salary for 3 months. Hard to spend money when you are running low on money just to cover rent.

[@darylfoster7944]

Housing costs are plummeting, but living costs are rising. Wtf?

[@t-pnaminami3808]

Bursting bubbles cause interesting effects.

[@MasticinaAkicta]

That is what happens if the housing market was super hot. And has crashed. Yup, a lot of fake value, a lot of sales, a lot of heated air in that system. Those houses were not the worth the price they were sold at. But hey, young guys need a house else nobody marries them. And don't forget all the single women who have their own house. And the Investment 2nd and 3rd appartments.

[@jonmccormick8683]

Stores closing and less volume of sales. = prices rise.

[@GizzyDillespee]

What's the mechanism whereby the situation of a whole bunch of property owners suddenly being underwater, and the bottom dropping out on rents, and then that leads to higher consumer prices? It seems like middle class people would have less discretionary money to spend, and so their pressure on consumer prices would be reduced. Poor people who negotiated lower rents would have more money, but enough to cause so much food price inflation? There were floods in rainy season, and typhoon damage, but those are a matter of degree, maybe slightly worse than normal, rather than new phenomena, weren't they? There some global inflation, due to the Russian war (that area was a breadbasket area), and ship rerouting due to shipping attacks near Yemen, and new realizations during the quarantine. Is it all of that, AND something else? If so... what else?

[@t-pnaminami3808]

@@GizzyDillespee Most middle class aren't rentiers, they are debtors paying off an apartment that has crashed in value. So the cost of living crisis is debt repayment, plus interest on debt, plus low wages and employment. The deflation + cost of living crisis happened because everyone there is broke and there's no demand. Luxury goods markets are already collapsing, rest will follow.

[@goodnightmyprince6734]

Don't listen to Tofu-Dreg politicians

[@tonythai5991]

Nor Westerners clowns.

[@richard-cf8ce]

UNLESS YOU DO CONSTRUCTION EVERY JOB IN THE CITY IS A FABRICATION. THEY CAN PULL THE PLUG ANY MINUTE PRAY FOR THE PEOPLE OF CHINA TO OVERTHROW THEIR COMMUNIST REGIME AND BE FREE AGAIN

[@mattanderson6672]

Rise up People of China

[@kamsunleong6648]

China just achieved a record breaking USD1 trillion trade surplus for 2024. Quite an achievement. No wonder their citizens are so contented with CCP running the show.

[@amadeusamwater]

The only way to stimulate consumer spending is to put more money in the hands of the consumers They need to find a way to get people their unpaid back wages and put them back to work.

[@slacker1]

And REDUCE taxation.

[@fredEVOIX]

@@slacker1 they are way past taxation, government officials aren't paid so racketeer citizens to get their salaries

[@slacker1]

@ I so get it now. Thank You

[@bobruda]

Does any Chinese woman speak on camera without using filters?

[@pliashmuldba]

" This should be led by central government " Central government is who is to blame for your problems, government should be as small as possible and deside as little as possible.

[@getriebesand2199]

But the ccp say, gdp grow is 5.6%. Something do not fit!

[@AllenFreeman2]

The Chinese Communist Party (CCP) has stated that China's GDP is growing and is expected to surpass 130 trillion yuan ($17.7 trillion) in 2024. However, some have questioned the accuracy of China's official GDP numbers. Explanation GDP growth The CCP has stated that China's GDP is growing and is expected to surpass 130 trillion yuan ($17.7 trillion) in 2024. Skepticism Some have questioned the accuracy of China's official GDP numbers. Alternative metrics Some experts have used alternative metrics to get a better handle on China's economy. Li Keqiang Index The Li Keqiang Index is a proxy metric that uses electricity consumption, railway cargo volume, and bank lending to gauge the economy. Overstated growth Some argue that GDP growth has been overstated by 3 percentage points for each of the past three years. Related facts China is the world's second largest economy. China's real GDP per capita was estimated to be $22,100 in 2023.

[@lance8080]

Propaganda 🇨🇳

[@basscannonjake1235]

Chinese GDP just make believe

[@clownfish7776]

Yes Sum Ting Wong

[@northdakotaham1752]

The reason: CCP lies in order to save face, not look stupid.

[@ReyAmur0864-o8r]

How can the ordinary citizen withdraw ANY money without being cited with violations by the State? 😥😞

[@juakored]

Sounds like the laying flat movement was in the right. There's no point in even trying.

[@1439315]

Enjoy The Decline book written 2013.

[@garydobis6395]

I've seen an article saying China's exports are high. Where is all that money going? the military? Definitely isn't going to the people or businesses.

[@PandaPanda-ud4ne]

Yes, essentially the military plus into the coffers of the people at the very top (Xi Ping) The problem the foreign investments from the west and from non western countries broke down, and aside of exports there is no money flowing in.

[@Digmen1]

People will not spend more money than they need while their jobs are under threat, while companies do not pay wages and so many factories are leaving China, and local businesses are closing.

[@j562gee0hdeewestsdegethemuLa]

Next request is that they work for free or return last years salaries

[@King_Georges_Calcified_Elbow]

These leaders are delusional

[@Normalaatsra]

Seems every third tier Chinese city is like Chongqing. Physically a metropolis, but fundamentally a rural village.

[@cooldudecs]

They built the cities to mimic the west but there culture disallows them from being very powerful. They are a third world country… Very Very poor… This economic meltdown is the biggest bubble in mankind history. This will end up in an internal war like all Chinese falls

[@fredEVOIX]

the people "we're eating shoe laces" CCCP "spend more money"

[@philipwong5858]

Do you think the CCP care about its people. NO. Their main concern is the party.

[@josephwallis8965]

Thank you David for reporting, you have kept us up to speed

[@Digmen1]

And yet the western economic experts never mention any of this bad news. They still speak of growth and China doing well. exporting cars and solar panels

[@philipwong5858]

If economy in communist red China is so good. Why are there so many people from communist red China fleeing to the US illegally through Mexico. Why not stay in China?

[@gavinlew8273]

It's only the F&B and shopping retail that are affected...it's too saturated.

[@robertofernandez7773]

@@gavinlew8273 everything is doing bad, don't get confused

[@AshwinBambole]

so my friends kept talking about this book Vibrations of Manifestation by alex lane, and at first, i was like, “yeah, okay, another manifestation book.” but then i started noticing how much was changing for them-one finally got the opportunities they’d been waiting on, and another straight up started their own business. it’s not flashy or anything, but you can tell their whole vibe is different. it’s wild how something so subtle can feel so real. if you’re curious, maybe check it out-it’s not for everyone, but it hit different for them.

[@gregorymcnally3716]

WE THE PEOPLE HAVE HAD ENOUGH, THE ANSWER IS NO!

[@agam3mnon184]

It'sd not that people won't spend, because we all like to spend, but that there is no direct path to currency with a closed-circulation system. Without foreign investment, the only gate-keeper to cash inflow is the CCP itself. the CCP is doing this. best wishes, and good luck for those in the dark times.

[@popothebright]

2 generations ago they were all peasants. Then there was a debt bubble and a temporary wealth-effect, which raised expectations. Now they are peasants again.

[@kamsunleong6648]

China achieved a record breaking trade surplus of USD 1 trillion for 2024. Setting up complete supply chains an making tangible goods and exporting them globally are not temporary wealth effects. Printing paper money like the US Treasury is.

[@northdakotaham1752]

​@@kamsunleong6648a slight, lol!' Change in management of the U.S. a couple days ago. Don't judge the U.S. by what you saw the last four years bc UNLIKE CHINA we can change our leadership 180 degrees every four years. China...unfortunately, is stuck on stupid and will fail financially.

[@fongponto]

Guys you are put on "red note"

[@grahameelton1899]

And yet spending has, reportedly, continued to rise in 2024, with further growth expected in 2025… I wouldn’t hold my breath… so let’s see who’s right.

[@ecthelion83]

It's actually difficult to say which method of government handouts/subsidies is worse. Direct handouts to citizens tends to increase inflation rapidly, but the increase is relatively contained given the limits on average consumer spending capacity; on the other hand, handouts/stimulus/subsidies to local governments and institutions (i.e. not individuals) tends not to increase inflation rapidly, but the limits on inflation increase tends to be limitless because government agencies are not limited in their spending capacity or authority.

[@kryts27]

The senior bureaucrats will soon demand that all other lower ranking bureaucrats must buy a new suit. From their relatives clothing company of course. 😂

[@2packs4sure]

"Ideally this should be led by the central government" LOL I'm not sure it's possible to be more wrong......

[@jefferyedwards5003]

Going into more debt just to say that you were spending to help others is exactly how you got yourself where you are. And only make the rich richer!

[@arthurlincoln9093]

Why do these women look weirdly artificial?

[@555frontier]

Filters.

[@weirdo1060]

Asian women often use more makeup than western women.

[@sdovhfunlahsvisegbakshfjbs4621]

I was wondering about that too. It seems to be about the beauty standards requiring them to use makeup. These social standards seem to have been around for thousands of years, at least for the wealthier people and special occasions. Nowadays, in addition to photo filters, there are also real-time video filters. Not unlike elsewhere in the world, but IMO, the facade is very strong with these people. Edit: To be fair; Many try to use more extreme filters for anonymity when criticizing the government etc..

[@stoundingresults]

Their fancy smartphones have this filter for visual effects

[@fredEVOIX]

chinese almost never selfie without face filters especially women that's normal for them, it's the country of lying and fakeing not just a criticism but a fact their entire culture is cheating, well the culture pushed by the CCCP to create chaos and division but they seem to have grossly miscalculated the end result

[@alyoshakaramazov8469]

I loved Chongqing when I visited there many years ago for work. My grandfather was stationed there in WWII. It was my second favorite city in China after Nanjing. Actually, my favorite city was Hongkong, but at that time it was not yet part of the PRC. I wish I could go back to visit again, but I don’t think the current regime would welcome me. Jiang Zemin’s government seemed to be more friendly.

[@lorittaganda9983]

continue the great work idol

[@CorruptionLord]

how can they get more customer when most of them are also starting the same business....

[@georgeburdell517]

We've all seen the abandonment of malls... why would this be different anywhere?

[@PAULHALLINAN-e6z]

Amen stimulate beyond the rate of deflation

[@kevinm234]

Sitting here in the states I am very conscious of only spending money on value. We no longer eat at restaurants, sold the lake house and canceled non value services like dish TV and land line. We are increasing our emergency accounts and are debt free. I also installed a whole house battery and solar system with a 7 year payback and the capability of Going off grid.

[@northdakotaham1752]

And now we have a 180 degree change in government as of two days ago. Nothing is going to be the same in the U.S.

[@marklucas6114]

The caring and loving people of the world are hurting from bad economy. We all just what to live in peace and harmony with each other. We cannot let corrupt incompetent politicians and world leaders ruin our lives.

[@hipsonsogbo]

China has a massive issue with urban design, the architecture is built without any thought as to how it will function. I have travelled extensively through China and stayed in chongqing, the cities have no soul, development isolates the residents and treats them like robots.

[@tonythai5991]

Talking about Fengshui.

[@hipsonsogbo]

​@@tonythai5991nah, talking about urban planning, function, efficiency, human feeling

[@tonythai5991]

@@hipsonsogbo I mean they are teaching best places objects (Fenghui) should be but not able to plan their cities buildings etc.

[@therosen9923]

@@tonythai5991 Think also Chinese cities lack proper landmarks or very interesting buildings that aren't just some form of a skyscraper.

[@ANONIM64564]

Physical retail can't survive as long as online shops sell cheaper and deliver the products to your door as well. Simply put: go online or go broke.

[@bluedrakken]

if you pay attention this shit been happening before corvid.

[@philipwong5858]

And is still happening now.

[@lance8080]

Go Rice Farm !!!!!!!!! 🇨🇳🇨🇳🇨🇳

[@shirleyottewell220]

Hopefully this is the end of mad consumerism & start of using only what we need

[@StevenLee-y3t]

Yes, Jimmy Kimmel 😂😂😂😂😂 pleased 😁 Bankruptcy 😌😌😌😌😌 again

[@daveg-Vancouver_Island]

Well, we seen how well subsidies worked in a lot of western countries during Covid, it lessened the blowout and made recovery that much better! I honestly believe each country should do a pilot program for ppl who make under a certain amount and give them a set minimum monthly amount to see how well it works. Every country I’ve seen that does this seems to work, ppl mostly just want food and a roof over their heads.

[@PAULHALLINAN-e6z]

The markets should reflect the losses they create for those who should be or are in commodities

[@joevil6259]

What is being referred to here is the velocity of money. Economists like it when the velocity is high i.e money changes hands fast. Unfortunately that only happens when people have confidence in their ability to earn more money. If they don't, they hang on to it for understandable reasons and put it under their mattress. Here in the US do we generally not have that problem too much. Our economy is mostly domestic. We are not dependent so much on exports like the Chinese.

[@I-ww7hh]

Why they don't just order people to spend like usually? Or maybe just take their money?

[@UdaychandNishad-cx1kx]

i kept hearing about Vibrations of Manifestation by alex lane from my friends, and honestly, i thought it was just another trendy self-help book. but when they started landing jobs they thought were impossible and reconnecting with things they’re passionate about, i had to pay attention. it’s not just “be positive” stuff; it’s more about aligning with what you actually want in life. if you’re stuck or feeling off, maybe it’s the nudge you need-it’s worked for people around me.

[@andyives5640]

This will not end well..... History does not see a soft landing in this issue. Here we go again

[@alberttorres6453]

Even though seeing the desperation from its people of so much financial suffering, the government still investing even Mexico....Billions of dollars..🎉🎉🎉🎉

[@SVmathfarmer]

And don’t forget the massive Peru shipping port

[@Illrationial]

I usually watch the first five mins of your videos Very interesting but the remaining is just more of the same. Your videos would be better if they were only five minutes not 15.

[@michaeldwyer9656]

When DOGE in Washington D.C. hits, I expect housing prices in the area, including N. Virginia, to plummet. I can see why the CCP, despite having to print the cash, is doling it out to public servants. This accomplishes multiple objectives.

[@stephanc6138]

giving them money may ease the officials finacial sitch ... becomes a crutch instead of fig how tp be self sufficient and resourceful.

[@croatiapuci]

For a second there I thought she was talking about Vancouver, BC.

[@I.C.U-c7l]

Don't worry they will cut their money later and also tell them they need to pay it all back......... OH WAIT THEY ALREADY DID THAT

[@mgmedia90]

Sounds like almost whats going on here in the us

[@haianh3936]

Thank you buddy

[@tonythai5991]

Now inflations hit all around the world.

[@xaelch.official]

Good night y’all, just another cold night trying to relax while listening to some stuffs like this lol

[@jkapown]

Do a lot of Chinese people have hearing impairments because they often seem to talk very loudly?

[@leealex24]

China problem is they don't spend. If their citizens spend additional US$1,000 per year watch the economy grow.

[@Mikeywbdg48]

I live in Chongqing. It is NOT first tier living expenses with third tier wages. Rents have risen in the years I’ve been here, but still no where near actual first tier cities such as Beijing or Shanghai.

[@Greego-z1z]

All the poor people must meet their obligation ,,,to pay for the madmans biggest army in the world ,its the same in Russia

[@billy-boy8]

Give subsidy credit that expire unless they are used within 45 days.

[@klave_rock1112]

I thought Chongqing just opened a new skyscraper complex. Seems like they are doing well to me.

[@chandlerbingbong]

Don't worry, I'm sure things will get better once Trump is President. 🤣

[@robertbryant4485]

the new airport looks great

[@douro20]

Sounds like there's going to be a huge shortage of Chungking bristle.

[@JayNapeahi-eg8dk]

Get the Hell outta there

[@gavinlew8273]

Simple: People can't spend if they can't earn.

[@nicoled5160]

And this is why the CPP is wrong for not giving people supplements to help with rising costs. It supports the rest of society. Keeps people having “enough” to not be in total discontent

[@PandaPanda-ud4ne]

CCP does not want to do that, because it would be a huge money drain on their coffers, and they would not have enough money to build up their military for future adventures against Taiwan etc.

[@TheLazyfoo]

soon there will be buy "patriotic" homes/food/cars etc

[@rocky.batasin1139]

the country have no God.😢

[@2l84t]

🤣

[@Ilsan-5m25fks]

Nowadays, the whole world has a common god - money. 😂

[@jasonteddy5302]

True, I did not see the all wonen today.. deal breakers.

[@GrymsArchive]

"Government Officials Beg People to Spend" Not how Communism works. 🤣

[@logbia7k608]

Only in China you can have a win-win-win situation

[@RachellMangosan-mv7dw]

They don't have money, how come they encourage consumptions.

[@josephf4611]

Welcome to the land of make believe.

[@danielsim7542]

The govt is silly by squeezing and more squeezing on the people just to have the govt inherit more cash. What is the point of their encouragements of spending money when employment is slumping, wages slashed by big margin, and mass layouts/closedown.

[@susannayeu4471]

👍👍

[@frankkolmann4801]

but but but CCP announced China GDP GREW by 5 percent last year. Chinese are rich. Arn't they?

[@JC-dg6vo]

China boasts a rich cultural history spanning 5,000 years, yet throughout this time, the nation has struggled with widespread corruption. This issue is well-documented by neighboring countries and historical trade partners that have interacted with China or its various dynasties. Over the centuries, China has often relied on external help from Persians, Turks, and Malays to manage its affairs. Simply urging people to spend more is not a sound fiscal policy. There is no magic formula here. With 1.45 billion people being told that things will improve, it often ends up being the same old story; The leadership has a house in Paris and left with the stimulus package. You think it's cheap to payoff 3,000 representatives in the great hall...they all have to eat.

[@MrDavidc]

Chonqing economy collapsing because 1 girl can't get a writing job? 4000 yuan a month wage in Chonqing not bad, if a bowl of noodles costs arund 12 yuan.

[@TheRealSnakePlisken]

I suggest ‘lying flat’.

[@jonetgames]

It's hard for anyone to find a job in so many different countries right now, as AI gets better, it will get worse. I wonder where this is all heading...

[@titolovely8237]

We know where it’s headed. It’s going to get very bad unless we democratize ownership of some of these new technologies

[@Meltyhead]

Online shopping is killing retail all over the world. lol.

[@weirdo1060]

Online shopping has not killed retail everywhere. The issue is that the west builds them as a solo place without support. Malls that are attached to transport (bus stations, train stations, etc.) are still popular in central Europe.

[@HOBBS-4]

You are absolutely right, and wait until the Ai and robotics kicks in hard. These people will be clawing at each other.

[@PandaPanda-ud4ne]

@@weirdo1060 The problem is that retail kills itself with bad service and bad customer treatment. A couple of days i was threatened with death by the assistant of the store manager who was on holiday, because i raised my voice in complaint. That was in a western city in Europe btw. With such behavior, people will order online what they can, to escape these situations.

[@lovalona7389]

I ordered 3 items from Amazon. When the parcel arrived home , there was just one time out of 3. Amazon didnt want to help. I had to request a chargeback from my bank. ...online shopping will not replace retails, because large e-commerce like Amazon cannot be trusted

[@PandaPanda-ud4ne]

@ Interesting. Maybe you did not order directly from Amazon but from the marketplace, and Amazon did not cover this fully? I never experienced this with Amazon. IN what city do you live? Country?

[@olanneeson3990]

The guy recommending spending and socialising comes across as a mean , nasty bullying beast-master . These schizophrenic signals create massive conflict .

[@Sebastianmaz615]

You don't need all that stuff in a Communistic nation. Each according to their own. 3:50 That city (don't know the name) is absolutely stunningly beautiful. It looks like old pre-communistic cultural China next to modern China. 4:42 Just print some money. It's easy and it doesn't bring the value down at all.

[@PandaPanda-ud4ne]

Actually, it does ;). LOL. okay, i get it, you were being sarcastic.

[@KevinInPhoenix]

Western economists told China years ago that they needed to move to a consumer based economy instead of their export based economy. The Chinese ignored this advice and we are now seeing the results. China's meteoric rise is being followed by a meteoric fall.

[@HOBBS-4]

Online shopping is the problem, its happening in many Countrys.

[@Post-r9v]

So it's like NEW YORK - or getting that way

[@jussikankinen9409]

Grow for growing is cancer