How Worried Are The Chinese About Their Economy? | Street Interview 

Yes and they are just good people who want to provide for their family, and USA want to destroy that to keep control on its hegemony.

Just so you know. This is shanghai. It is not representative of 99% of China at all. It's like only going to a bunch of billionaires on yachts and asking them questions to find out what "real americans" are thinking.

Well no, it tells us some views of Shanghai residents, one of the richest cities, which is hardly representative. I'd be more interested in the views from poorer regions.

@@ukmaxi The competition in first-tier cities such as Shanghai is more intense, and if it is a central city, the living pressure of most people will be much less. If you can work in different cities in China!

@@ukmaxi people living in "poorer cities" do not feel the heat of inflation, covid and other stuff. They live a better life than people like you do no matter whatever sh*thole that is. 🥴

You are right but many will die

@@vincentlaw6985 business as usual.

@@fedyx1544 the world is more prosperous today more than anytime in previous history. Just keep that in mind.

@@DontUputThatEvilOnMe yet the average American salary compared inflation has not increased nearly as much as the productivity of the country. Just cause they're richer than ever in history this doesn't mean it's just.

@@fedyx1544 but less people definitely live in poverty than 100 years ago. I think you are thinking of the way it was 30 years ago. This pay issues are just the result of globalization. While certain low value industries salaries aren’t going up other industries are.

Yes lol. It's become big talking point on Western internet political circles. They are so obssesed and desperately want China economy to collapse. The Cold war hate is oozing

"This time, it is different." as they say every time.

American Zionist propaganda

If you think it won't collapse just keep all you assets in China. Period.🤣

@@Abdul-Alhazred that's what BlackRock invesment and all the rich from the West are still doing.

They are. I’m a Chinese international student studying in the US. And since I got here years ago, everyone tries to tell me Chinese governments( sometimes just an implication for people) are thief and liars. Just look at some comments here 😢 I know what people and media here say are not true because it contradicts my own life experiences. I feel really bad not many Chinese people have chance to voice out and let the rest of the world know we are the same as you guys, and not any less or inferior. But I guess internet is just a bully playground that if you don’t have a voice, everyone spit on you however they want.

@@Nicole-qu3dy 加油，支持你！

The CCP does not tolerate criticism. It has serious consequences. That is one reason why the Chinese don't dare speak out

@@naturelover7979 actually no, if you are ordinary people, you can speak out. However if you work for government, you need to pay attention to your words. That’s the difference.

@@Nicole-qu3dy You don't have a voice because 你被捂嘴，and you know exactly by who.

The powerhouse gets richer at the expense of a bunch of more starving slaves. This is China.

there were more than 100 companies applied to join German Chancellor for a state visit to China. Chancellor Scholz selected 12 CEOs to accompany him. Scholz walked away with an order for 140 Airbus. that's the state of China's economy.

24.9% 🤓

Ok, but you trust accounting standards over there?. There is a reason why foreign investors dont invest heavily in chinese companies, reporting standards in many cases seem to be pre enron or worse. Especially for chinese state linked companies or for local officials allegedly not reporting recessions? There seems to be alot of bad data, and overreporting of gdp that the ccp is not happy about since it only makes good policy harder. I recommend you look up on fake gdp and authoritarian regimes relationship. Even mainlanders trust real estate more than stocks i heard lol, and i also heard they sort of regard gdp stats as joke.

@@abcdedfg8340 You are regurgitating what you read in Western anti-China biases media. Do you think you can guarantee with your life that Western countries data and information are true? Don't be naive. Look at yourself before pointing your fingers at others as your fingers might get dirty very fast.

US lamestream media: Russians are all dead & have no bullets or missiles...but they also bombed power facilities in Ukraine rendering cities dark American exceptionalists: makes sense 🤔

American media when a country has oil or disagree with their philosophy: "They lack freedom and human rights. We should bomb them and preach about freedom so that our fellow Americans can masturbate with that ideology"

Chinese media : this is a strawman, look how weak it and afraid it is of our might.

😂🤣 haha nice

@@michaeljames3944 A westerner? Is that really how you see yourself, Divided!? I'm English with possibly Germanic, Irish and Persian. Happy Days. 🙂

You mean that a good cross-section is all well to do people from Shanghai?

The problem is that their population collapse is just beginning. It only gets worse from here, and an immediate baby boom won’t produce workers for 18 years. Fertility has declined massively because of zero COVID policies

@@JohnDoe-ud1yt Their population is in decline but not collapsing whatsoever. korea has a lower birth rate along with japan and taiwan. eastern european nations have already seen massive decline in their population.

@@JohnDoe-ud1yt As usual western so called experts had for decades predicted China economy would collapse, they even came up with a book by Gordon Chang...the irony China went on to became second largest economy !!! Many anylists believe economy collapse is extremely unlikely than slow down due to the fact that it has huge market and largest middle class which contribute to robust domestic consumption besides largest partner to 160 countries including Eu and US !!!

@@david-bd6td this time is different. Demographics really are destiny and zero COVID is amazingly destructive…

@@JohnDoe-ud1yt Is the population collapse you're talking about calculated with toes? According to the population base, China's birth rate is higher than that of most developed countries, and China is also better than most developed countries in terms of the ratio of young population to the elderly. Moreover, the level of education has always been in a leading position, which means that China's new generation is no longer a labor-intensive industry with primary labor, but will shift to technology-intensive and high-end manufacturing!

I do not really understand what you mean by "biased facts". That makes no sense in English, facts are intrinsically biased to the truth, which are based on our current knowledge.

@ Lawrence Bilton I think he/she means western media or some people think it's FACTS but actually it's just their bias, their own imagination based on what they have been fed by the misunderstanding or misleading western informations. etc.

​@@ukmaxi If you've studied any language in a systematic way, you should've know the useage of quotation marks and the meaning of ironies. As an apparently native English speaker, your comments feels like you're pretending ignorant and refusing to acknowledge the fact that you, too, are being brainwashed by biased “fact".

@@blakeli1480 I understand completely the intent behind using double quotes around the word "facts". However, the writer doesn't specify what they deem to be not a fact, so I can only take the sentence at face value. As a result, I have to criticise their use of English since people are always keen to shout the word 'bias/biased' around so freely without actually understanding the word itself and how it should be used. Using the word doesn't mean you gain an automatic win in any debate/discussion, that's not how it works.

but thats the truth lmao

@@pjm1005 it's the Truth for a subset of sensationalist RU-vid channels. Most real analysts are proyecting growth from 2 to 5 percent. So, Truth doesn't mean representative.

@@pjm1005 as a person that lives in Shanghai i also feel that this way of asking the question predisposes the interviewed to a different answer that they would normally give If they didn't feel attacked. I know so as i often speak with local people about this topic.

I never understood the obsession of some people with collapse, its like people who predict the us will collapse lol. But being honest about issues is ok. Its good the ccp has seemed to at least somewhat admit that for decades, local officials may have overstated gdp growth for promotions. So it helps to fix the data (although i dont envy the mess they have to deal with) and better inform economic policy. For the united states, being open about social issues helps them to build a more peaceful and dynamic nation. That said, neither the us govt nor the prc economy will likely collapse in my opinion, they have their issues and their setbacks, and will learn from past mistakes. At the end of day, as long as countries respect each other, and citizens have stable jobs, finances, and families and friends and good morals...maybe thats best.

because this proposition given by many westerners is in itself very stupid. They are not predicting a collapse, they are expecting or even longing. This is how racist this proposition is.

XD

谢谢！

Zero Coivid will have to be relaxed. before it destroys the Chinese economy. They should work on achieving natural immunity. This is the only way out of the pandemic as it becomes endemic. The rest of the world it doing this and moving on.

There are some objectivity but you are interviewing the most wealthy city in China. Plenty of people in Guangzhou and Shenzhen (tier one cities) are sounding opinions of gloom and doom. The black market to exchange Yuan to foreign currencies have sky rocketed by at least 3 fold and the cost more than triple. Judge by the action, not by what bias opinions any media spits out as well as those who are on camera under surveillance

@@kennethli8 If the country's economy collapses or inflation hits,the people living in the big cities and metropolitan areas of the country suffer first,for example, inflation and economic decline in the United States causes New York and San Francisco to suffer more than other cities

Gordon Chang is not the only "wrong" predictor in the west. But to brush off the latest concerns is folly. Good luck. China has never since the cultural revolution faced a problem of this magnitude. And the leadership does not have what it takes to reign it in

感觉你们没有大脑，中国是国家管控经济，不是资本主义的虚伪的自由经济。管和不管是本质区别。

are u serious :D

doesn't add up. even superficically: 1. US was already a developed economy when crisis stuck. China is barely middle income. 2. US population and productivity was booming, rather than falling as is the case with China. this is more like Japan in 1980s rather than US in 1920s and Japan hasn't grown at all in the last 30 years.

Actually it did as you just wern't paying attention. If it wasn't for Truman's new deal we may have not recovered from the Great Depression.

@@BlazinNSoul What is Truman's New Deal about? Government intervention, infrastructure construction etc. Chinese economy really doesn't lack so, so what are you taking about.

Severe recession is what the news is referring to. But if you think deeper. Severe recession reduces foreign investment and technology transfer, as well as a shift in labor. US and the west is already moving location of manufacture out of China. That will only increase exponentially with the looming risks in China. The housing market bubble in China could easily by itself destroy the economy, making 2008 look like a blip in the timeline. Now cut the factory workforce (zero COVID has already shut down Foxconn) on top of that and you have a major depression. Unemployment is very high and increasing every day, meanwhile more and more students are going into a low wage market taking on manual labor

@@Shadowboost well bubble is not gonna pop in my view bc the tight control which the west claims inhumane

You are correct but any collapse of china will take at least a decade maybe two. The issues are deeply rooted into the Chinese economy and cannot be played out over night. This is most impart of the government having the power to do whatever it takes to keep the country from economic ruin. But even this can only get them so far.

headline maybe be sensational, but data is not. All the data indicates a world wild recession is coming, consumer confidence is dropping everywhere, even the ones being interviewed. This indicates a decline in output later on, if it's not happening already. Look at China's official data, 16-24 unemployment in the cities in July were the highest since 2008, although now that data is slightly better. The budgets for local government are tight, most if not all are running deficit because of the on and off lock down from zero COVID policy. Even Li Keqiang said that the central government only have enough money to deal with 1 crisis, and he can't help out the local governments with their deficit.

@@brucel7430 how do you think the local governments will make money?

Still This is a public interview and they are very aware the govt is watching so they have be be careful with their opinions. I bet none of them can say FK the Govt. Or FK Biden, the way we can in the US. 😂 A radio interview might more varied opinions. Maybe?

@Rose Heart You are so childish. What does name calling “FK the Govt. Or FK Biden” bring you any thing and make you feel so proud of? American people are so brainwashed in believing freedom of speech as same as believing god. They can’t differentiate humiliation from constructive criticism. That’s very sad and it’s the reason that America is falling backwards, from my decades of experience living in America. Chinese government is extremely responsive and the government officials listen the people’s voice through different channels. They debate new problem solve solutions and test them in a city before promote them nationwide. That’s why China has been developing so fast in the last few decades and most Chinese are optimistic about their future. They understand that government works for their best interests and they talk rationally instead of trash talk as Americans. What did our government do to American people? Did name calling change anything? NO! Over 50% of American people’s living standards hasn’t improved in the last 30-40 years, while Chinese government lifted 800 millions Chinese out of the extreme poverty during the same period.

@@rosean374 Not only in China even in some so called democratic countries, people don't have that freedom.

@@rosean374 Of course we can :)

@@spider6660 you're wrong. people across the world go out in protests / create videos / write negative posts etc. Nothing happens to them. China does not allow protests + prosecutes everyone + bans their social media. Please stop lying.

Economic growth is expected to slow down for the world not for china only and if anything, among major economies, China is doing better with more than 3% growth. Did you know what is happening in UK and US? For china, their economy will boom as soon as zero Covid and lock down are removed.

Worry about ur own negative GDP first 🤡

This video is solely focusing on china and its own GDP. Lets not get out of point for discussion sake and agree to disagree. Tbh, the rest of the Asian countries are just focusing on their own internal growth.

@@MrBah-tw3gt that's not how it works buddy but i like your optimism

That really doesn't mean anything. Additionally, these Airbus orders were actually already confirmed orders from years ago, however, the Chinese state seemed to want a fanfare over it now. The German chancellor wasn't in a position to negotiate on behalf of Airbus anyway.

@@ukmaxi Well, let's be objective and honest. It is impossible for China to collapse and become the poorest country in the world tho. However, it is in bad condition. There is nothing to reject.

@@ukmaxi Yes but China has the option to cancel the order.

@@ukmaxi you pinks are just MAD lmaoo

@@rabbitazteca23 我不是小紅粉

The endless money printing spree happening since covid?

However China is suffering from the "middle income trap" meaning low cost manufacturing raises labour costs to the point they aren't competitive anymore. Many companies are experimenting or have already done so, moved manufacturing to Vietnam and India. They also don't have to worry as much about China stealing their trade secrets in those countries either. Due to shipping costs and supply chain issues, many have on-shored back as well

@@ChineseKiwi I think europe will collapse first before china

​@@ChineseKiwi china should be able to get out of the middle income trap though for a few reasons: its become a competitive force in technology, its focusing on green development, and its outsourcing its development to other countries and building markets to prevent it from becoming trapped by western markets.

What's happening is not far from the situation you mention. But i still don't think it will lead to collapse, just to a slow down.

I know right? China is so doomed!!!😂😂😂

both China, US and russia da landlords of eurotrash

I think they ditched the fast growth obsession around the time when they started to promote reforestation. Those projects werent in my expectation but they did it. That's when I readjusted my views.

Xi has become more authoritarian now. It's actually good for China to implement his policies like common prosperity. But if he cares about his interest above his people, it will become disastrous.

Because the rumor is not "economic setbacks" but "economic collapse"

@@enixliu I've seen both rumors of recession and collapse, which is why I say "economic setback," because regardless of which one is discussed, it isn't a condition that lasts forever.

Tokyo was destroyed by america with plaza accord and 2007 was done by Jewish bankers, if anything the Americans are trying their hardest to destroy Chinese economy and failing

The main reason is that China’s economy is collapsing all the time for 20 years in western media. When you hear this for 20 years and your life still prosper, you can not take western media seriously. I joined a webinar of fidelity a few weeks ago and China actually had the lowest inflation rate. The world economy is in slow regression and China is definitely affected, however still the fastest growing economy just not as fast as it used to be.

Agreed.

These have to be carefully selected interviews at the very least.

As a Chinese, I can tell u that that did happen in some places. Although news about it was oppressed, these so-called revolution somehow did the job. Now former restrictions are removed almost completely.

I agree, but I think it's a matter of budget and hassle. The same goes for their presence in other Asian countries.

Shanghai is the most diversified city in China, which totally makes sense for AsianBoss to do the interviews there. It is for the same reason that they did interviews in Tokyo and Seoul for Japan and Korea, how difficult it is to understand?

@@se7enkoo It's the strongest city from an economical point of view. That also causes a bias, since only top-notch workers in their respective fields would live there. These days I don't really need these interviews, since as a Chinese learner I can already find lots of information myself despite my still low level. However, I think interviews in a second or third tier city would shine a different light on the eyes of the regular viewer of this channel. Yes, it would have a budget, but not too crazy, and it can be argued that more people would be happier to engage.

be thankful. Asian boss had experienced some financial difficulties in the recent past. they don't have a big travel budget.

@@se7enkoo it's precisely because other cities are less diversified that I want to see interviews from there. How difficult is that to understand?

Actually, these people on the street are indoctrinated mostly by their state media. They do not have an accurate assessment of the situation. It's interesting that they stated awareness of the many issues that China is undergoing, but simply have confidence (and blind faith) that it isn't as bad as the west makes it out to be. Like how many stated they were unemployed and or had little income, had to save more, etc. Stating that inflation was felt, but was a global phenomena. Well guess what, yes, it's a global phenomena with which the west acknowledges is a serious recession risk. The housing conundrum that China has put itself in is significantly worse than the rest of the world, especially given how high of a percentage of their economy rides on that. China's GDP is still growing, that man is correct, but he is dead wrong when he said it was growing faster than other countries. It is actually growing slower than the rest of Asia and even slower than the US, which has a much higher GDP and GDP per capita!

its ok, its about time they slow down, if you want to see exponential growth, try giving some african countries a chance. Its about their time to shine too.

He is going to predict a collapse that sends china to the stone age. It's gonna happen next week, for real this time.

Great reliable voice. Lol

The guy's cried wolf for so many decades on the matter of China's economy collapsing. Ngl, I'm impressed that Gordon Chang's managed to keep it up for so long.

Hi j. I heard young adults prefer living in airbnb in UK because of better pricing and rooms being special... Happening ?

@@asianprince8718 Not heard of this. People use airbnb like they would normally use a hotel room, I doubt people would live in one full time, it's too expensive. On the other hand if the government are wasting our money by hosting the homeless and political immigrants from Ukraine, Africa & Hong Kong then I wouldn't be surprised.

Now think, in Shanghai, the world's most expensive city to live in, the price is 700 pounds per square foot. That's on a salary of 700 pounds a month for the average person. Think about that. You can afford 1 sq ft to live in, lol. I guess you could stand in a foam box and that works

@@Shadowboost I thought with China being a socialist government that greedy practices like this would be prevented. Guess capitalism still prevails throughout the world!

lol you can't get a bathroom with that money in a small town in Ontario. Even shitty lil towns now has 1 bedrooms starting at $350k and 2 bedrooms at $450k.

Willz Which statement ?

@@asianprince8718 They are referencing people like Gordon Chang that have stated that China's collapse is imminent for the past 2 decades.

@@chengyangzhou8785 您是指他把這件事講了20年嗎？

@@asianprince8718 china economy collapsing

@@asianprince8718 "The Coming Collapse of China is a book by Gordon G. Chang, published in 2001, in which he argued for the Chinese Communist Party to be the root cause of many of the China's problems and would cause the country's collapse in the near future." 21年 哈哈哈

Shanghai, China is similar to New Ork City, NY, but cleaner and safer.

@@willengel2458 keep dreaming XD

China is not developed country like america or europe.. It is natural for developed countries to have low economic growth rates. Why don't you compare China to India or Indonesia?

The point is that China could have a better economy if it did not maintain its zero-corona policy.

Really bootlick. Bought and paid by massa

Hello you are comparing a apple with a orange

@@user-xx7fc9ng4s That's speculation. Since we haven't seen it happen, we can't know what would have happened. A similar argument is we would all have had a great economy, had all our respective countries followed the zero COVID policy, because we would all have had zero cases since we would have effectively eradicated the SARS-CoV-2 virus. It's also speculation, because it's not what happened, so we can't really know how it would have turned out.

Do you have any idea what may cause it to slow down if that's what happens now? Thanks

Not possible at all? Very possible. It already slowed down massively, more than any other Asian country. The real estate threat is very real, as is leaving foreign investment, government restriction of leading tech companies, unemployment, climate impact, etc

@@Shadowboost Am very confidente. China economy won't collapse. Definitely take over United States soon.

从小就开始崩溃，崩溃到第二了

@@user-ke6zo8uj3h 是啊，小学时候就听全盘西化+中国崩溃……

我无语了 为什么好多外国人这么喜欢黑中国啊？就是有一部分人跟那个心理阴暗的反社会人格一样，一有中国啥事，都要黑。当然别说网民了，大部分西方媒体都是这样。。。报道没有一点客观性，真太hypocrite了🤢🤢

Yeah? So how much does and apartment in Shanghai cost? 50m2 for example. Is it affordable with 2000 RMB?

@@Sp3ll633 why Shanghai ?

@@yinsucui135 why not ? Is Shanghai not a Chinese city?

there are a handful of collapses around the world to take as reference, but complete collapses dont last very long.

True, and it will collapse if certain circumstances come to fruition

@@Shadowboost nope never sorry but keep hoping

@@Shadowboost lol they don't worship white mfkr 🤣🤣

China is the only country with continuous history for the past 4'000 years. you know why?

@@willengel2458 what? are you sure you know world history at all? The earliest civilization of Egypt dates back to 3150 BC, whereas for China, according all the evidence we have so far, it's between 3600~3800 years.

@Terence T I understand that, but a lot of the people being interviewed are saying that media groups are over exaggerating by a large margin. Although the economy isn’t collapsing, it definitely seems that it’s taking a huge hit. My point is, is that they’re underplaying the severity of it.

because automatically they will defend china for no reason XD

Millions of Americans can criticize the Government but billions of Chinese can't.

True, lots of occupations and higher class, they should take care of their speech. In another word, it’s so called political correctness.

Until China release a new virus.

sorry covid with it´s many forms are still alive and not over. imo

Lol China and their Zero Covid policy disagree

It is not yet over.

Here's a fact for you. China overtook Germany this year as the largest trade surplus as the latter suffered from the Russia-Ukraine war.

Yes, China has collapsed now. The interviewees you see are all ghosts who have starved to death after losing their jobs. The Chinese are already too poor to eat the bark.

Yes, last month I attended a seminar by an INSEAD professor and I will never forget his words “China economic party is over”. He also mentioned the housing problem and how poorly distributed the population is in the country among other things.

actually, people in shanghai are more pessimistic than other parts of China. Life in Shanghai is more stressful and fast paced while other smaller cities are more laid back. Real estate difficulties will pass like all economic related crisis. income of these unsustainable towns and cities will decrease and as it should be. Some of these smaller towns and cities looks ridiculously overbuilt and trying to catch up to first tier cities without first investing on their base industries. Chinese economy will take a hit but not as much or dire as predicted as most of the real estate value are not in the small cities but in large cities with real industries and solid economic foundation. These types of problems always have a solution and if not, what so bad about slower growth or smaller economy? Most of these debts are loaned to state subsidiaries by the state itself. These debt can be eventually written off. China will survive a normal economic downturn and recession like any other major economy. nothing special about it. What really is concerning is social issues such as demographic, family values, etc. The society has become far too westernized and its heading the same direction as the western societies but with poorer population. People refused to get married and procreate even for the rich and well paid middle class just like westernized societies but at a worse rate. Don't worry about expensive housing, at these rate, we should worry about empty and cheap homes. Free education, health care all those social subsidies to help promote birth did not work in the west and is having no effect in China as well. This is something to be pessimistic about, not some temporary bubble bursting by the central gov to support a more sustainable economy.

Exactly this. Shanghainese already don't have it well, but they're insulated from the rest of the country.

@@turtlesoup8134 interesting take, but for the most part, misguided. The support for the CCP has been based upon one thing and one thing alone. The increase in standard of living for many Chinese. When that is taken away through the economic downturn and hundreds of thousands lose their homes and life savings, what do you think happens? When the factories in China no longer produce iphones, clothes, shoes, electronics because the west has moved it to Vietnam, Philippines, India, etc? When the worst drought in modern history reduces crop yield, increases energy demands, reduces worker productivity? China is literally one big recession away from never being the same again. Many countries NEVER RECOVERED after their economic downturn. Look at Venezuela. Look at the Soviet Union Zero COVID, which will be forever since COVID is never leaving the human race (endemic like Flu and influenza now), will cap China and already has. As far as "social values", it's a two fold reason. One is economic, it is simply too expensive to raise a child in China with low wages, high tutoring costs, high real estate prices, and high unemployment. Second is related to work/life balance expectations in China and Asia in general. Having children requires a time commitment in direct conflict with the extreme work demands in Chinese culture. It simply isn't compatible, which is why lie flat culture is significantly on the rise

@@Shadowboost No, outsider always assume that CPC's legitimacy solely lies on improving people's live. Its much much more than that or else the CPC would have been overthrown after the cultural revolution or the great leap forward. After the pandemic started, the economic situation also drastically worsen compared to the booming years and yet it is still by far a more stable societies compared to many developing nations. Having said that, improving people's live do play a big part of its legitimacy as should any gov in any country. I can hardly imagine any population in the world would not want their gov to improve their living standard. A drop in living standard is devastating for most gov including those in the developed countries as it should be. Getting rid of colonial powers, reunifying China, strong military, socialist ideology, low corruption rejuvenation of Chinese culture, etc all contributes to its legitimacy. As i have said before when it comes to social values, China is heading towards crisis. its really not about just the money when it comes to child bearing its much more than that. Women's empowerment and ability to choose is one of the main ones. My wife has just gone through hell to give birth to our first child and after witnessing that, why would any women with good career and comfortable life wants to go through that? The social security system is good enough to cover many medical cost in larger cities and their pension is taken care off from savings and gov pension. Why even bother to get married for that matter? Many women live well in major chinese cities without husbands. If money is the only factor then you will see many rich people having 3 child, but that is not the case at all in first tier cities. many of the rich don't even want to marry, they can have all the best partners or companion they want with money. They can change them when ever they see fit. It is in fact the poor that have more children as they have more traditional views and reliance on their children in the future.

审查尼玛

where are you form

They will probably say that their papa murica will save them next time

You need to understand the economical difference between a country's growth and the people's living standards. This is Macro and Micro economics. For example, in the U.S over 60% of it's population live paycheck to paycheck and on government welfare. However, we have the #1 gdp and higher than ever. It doesn't directly correlate in every way.

@@SmileB4uDie However, this is a special case where the micro and macro intersect because the lockdowns have affected both individuals and the economy as a whole. In this case, if you know that you and your neighbor are having problems, and you see businesses closing everywhere you go, it's quite likely the rest of the country is too due to everyone being forced to stay inside. You mentioned living standards and living paycheck to paycheck in other countries but that doesn't really compare to becoming unemployed or earning less due to forced quarantines or even people living in unfinished buildings due to a property crisis.

@@SmileB4uDie Yes. Imagine what will happen (very soon) when automated manufacturing and robotic maintenance takes hold. Advanced 3d printers, automated deliveries, repairs and monitoring. What will hapoen to all the slaves placed in debt? A superfluous population means what?..... War. Slavery and debt was a tool thats now becoming irrelevant. Who introduced Debt and ecouraged slavery.. and still do?

No, its very normal and what they described is actually true. The majority of the economic driver is not the mom and pop shops that are closing from the pandemic. The large companies in China is not as effected by the lockdown or able to whether the lockdown better than these small businesses. As a result, the economy took a hit but is not in a severe recession like in the west where the crisis also hit their major industries and small industries alike. The consumption in China has taken a hit but consumption contribution in the economy is still not as high as developed western economy. Manufacturing in China is doing well and barely got slowed down by the pandemic. Another major downside is the gov drive to crack down in the real estate sectors, but this is also temporary and is hitting mostly the smaller cities and towns where the bubble is most unsustainable. Overall, the economy is still healthy but it is definitely not the pre pandemic economy where almost every sector is red hot. many people are used to those good times and now they have to adjust to live a more normal economic growth while the rest of the west is in recession. Inflation is minor and only in certain items like fuel and certain food items, but it no where close to inflation rate in the west.

because the interviewer's question all about the problem and hardship in recent years. the answer would be different if the question is about have you heard any good news recently?

Sena, China has a deep culture such as Confucius. Have you heard of him ?

guess why they all seem worried but chill at the same time? because majority of the population in Shanghai, or any other big cities, are migrant workers from non-urban areas, and in China, land in non-urban areas belongs to the people, so even if they cant buy a house in city, they could always get a land in their home, building at their own cost ofcoz, but land is free, so they ARE struggle to buy a house in cities, but they have securities at home

@@limcheating1 你是說現在大陸鄉鎮地方的土地即使是私人的，還是由政府決定土地的使用權嗎？

@@asianprince8718 准确的说，中国分成“农村”土地和“城市”土地， 农村土地不存在私有，但也不属于国家，农村土地属于“村集体”，由村委会处置，所有者为农村户口持有者，所以年轻人可以向村子申请宅基地，自建住房

@@limcheating1 意思是說住在農村的每個人都有權利去處置農村的每塊地囉？ 另外如果是都市，制度上就是有私人土地，而且別人無法插手怎麼處理它囉？

That is a super sensitive topic to interview, within China. I would love to see it but I doubt that's going to happen.

do you know why no protesters be interviewed? because it's very difficult to find them, the protesters only appear when western media appears... and... NGOs' money is necessary.

@@user-rm3xu1wo1v 狱友别洗了，说收钱请找出证据，我认识很多参加抗议的大学生都是自发的。

Hi ray long time no see

@@maxmy2007 Hiii

By eliminating the CCP, which would be a great start

We are humans, we can't do it

They aren't. They are anti China

都是普通人～哪个国家的富人那么好接触到

顶多都中产

Because people didn’t come here to watch her face but listening to the content??

@@buviwfrighe6026 fair enough... but Asian Boss used to post "light-hearted" contents when they started the channel, and there were quite a few comments regarding Kei, and the very charming Japanese host (Hiroko Imai) ... i guess there's no harm on giving some compliments where its due 😀😀😀

What truth? u mean those people in the video are already to poor to eat dirt and didn't tell u the truth?🤣

😂How terrible is ignorance

Smoking cause cancer ! Watching western Msm cause cancer 🤔

Inflation in China (between 2% and 3%) is actually among the lowest in the world. And the so-called "housing crisis" is not much more than Western media narrative. Sure, the housing market is not in perfect shape, but where are the "implosions" and 'hard landing" that the media is hyping?

In fact, you know too little about China. Assuming that Chinese young people （in video） lack the ability to think independently, it is impossible for China to continue to develop for 40 years. China’s rapid growth in the past 40 years has not only brought wealth to the Chinese people, but also knowledge and reasoning