China's economic wonder: came fast, gone fast. Not sustainable.

Deflation it is.

This phenomenon is happening world wide. People are in debt, prices are so high in food and services, we don’t have enough money for other things.

RIP CCP economy.. back to communal farming

From the US, this reminds me a bit of how Walmart got really concerned with the rise of e-commerce, thinking their physical locations wouldn't survive. Obviously, Walmart and others are still around, but I think this exposes a major difference between a company in the West vs a company in China. Outside of China, companies can adapt to changing circumstances. In China, companies can't adapt to new economic environments, as they are built to function in a very specific environment (government subsidies and currency manipulation, among other things) that props that company up. This makes Chinese enterprises very "fragile".

Been in Shanghai for 12 years, rent prices are ridiculous. Impossible to run profitable business even if you operate yourself without staff. Even places where all shop are empty and for rent, they still ask ridiculous high rent

Imagine the government asking for more kids and the jobs are disappearing everywhere. Why would people ever have kids in this world?

i can't believe a supermarket would lose business over online stores. People are just not there (seasonal workers, office and factory workers, holiday makers), or if they are, they have no money

we have had this in the UK twice. we lost all the small independent food, toy and electronics shops back in the 80s. they went away because of the supermarkets and superstores. just now we are losing many of the bigger shops in town centres to things like amazon.

My partner is from mainland China, and knows Shanghai very well. I am reliably told therefore, that many of the places that this video claims to be shot in Shanghai are actually elsewhere in China.

The lesson for china is don’t bite the hand that feeds you

Landlords are going to face reckoning even outside china. They can't keep acting as thought their well located retail can draw as much today as they could yesterday. With the rise of ecommerce, that's just antiquated thinking.

Just like the Great Depression in the US 1930's....High unemloyment rate, less people has money to spend. They spend less on foods, they cut their own hairs, so supermarkets and barbershops don't have as much customers as it used to be.

I am back from Shanghai, the problem is that, there is too many malls, and there is new mall coming out, only the strongest mall survive , the only real crowd puller is one with Apple store , and some famous restaurant, and snack stall, the rest like clothing, furniture or what ever they're selling just don't bother , the staff is more than the customer, they can buy it online with a cheaper price

This is what happens when you criminalize running a business, just walking and breathing during the lockdowns. You break EVERYTHING. People lose faith in economy, monetary system, banks, businesses that complied, law enforcement and their government. Moving more commerce online is a way to centralize and control how you live. No physical store? You will have a harder time using cash. To me, it is on purpose.

Its now high time for the chinese govt to think his aggresions over disputed waters/islands in china sea,

This is what happens when the property sector swallows all the wealth and people lose their life savings to groups like evergrand

Those geo-political reasons stem from a combination many countries reacting to depending on China for most of their medical supplies, as well as the push from the CCP for foreign companies to get out. There's a notable relationship between the 'Made in China' tags, and the falling quality of those products, as inexpensive as they may be. Having cheap products that need to be replaced often doesn't compare to those same products made with better material and higher quality, which happen to last a great deal longer at those higher costs.

SOme of it i think is with factories closing etc workers have moved back home. So all those stores have no consumers to buy their stuff. But all the footage ive seen is a severe lack of people, even the food stores. I wonder if this is also due to workers moving back home but also due to people that died of covid.

Here in SEA its the opposite business is Booming foreigners are everywhere. Places that were only frequented by locals are now tourist hubs.