Is China's Economy Recovering? 

"Rocky Road"? 😂😂😂 According to Western "experts"? Go read archived news about China's rocky road since 1981. Please... before you post anything else.

The malls a still popular here, but they have been slowing down a little according to the data. But because they offer a lot and because the population is dense in bigger cities, the malls can still be busy at times.

We are living in Chinamerica, Chinamerica, Chinamerica...

YAWN

@@petrsal6856 Prices go down, you would say that’s better than inflation right? But the deflation and the huge pile of debt (especially from the Local Investment Vehicles), is a storm in the making. Demographic changes predict more problems

Yes this happened in America about 10-15 years ago when Amazon came on the scene.

Thanks that means a lot to hear. I try not to be too pro or negative China. I think China should be viewed like any other nation, it has good and bad. It is normal.

Yes, a lot of people are going to the Ice Festival and also Dongbei became popular online for some reason....

@@TripBitten 因为有些人说东北的坏话，小土豆们不信就去看了看

Ah... Harbin. That funny city where the airport terminal for international flights looks like a run down shack compared to the terminal for domestic flights.

@@TripBitten I think that's because this year it's much bigger event and with ethnic performances by different ethnic minorities there like the Koreans, Ewenki , Daur, Mongols, etc

@@ymhktravelthat sounds very interesting ❤

Yes, this was just to compare that time with what it is like now. Not really a deep dive into the numbers. I do a lot more shopping online now vs before.

Online shopping was hot way before the covid, but people now not only buying things from TB, JD & PDD, but also buying grocery online, it is truly a winter time for shops.

With a shrinking working force and a collapsing housing bubble, much of savings are lost because the main assets of Chinese consumers , is real estate. It’s comparable with Japan in the ‘90’s. Other nations , like India and Vietnam, are the new rising stars. It’s normal, but in a one party state, the economic downturn worries the Central Government.

@@jordie4423 Wrong assumptions. 90% of Chinese own a home and 80% of those homeowners are mortgage free. For those who buy a home with a loan, down payment is 50 to 60% down. Way different than the US when it was no down, interest only payments and the mortgages were collateralized into stocks that were leveraged. BTW, Chinese mortgages last only about 10 years, not 30 years like the US. Further, if you actually looked at China's real estate problem, it is dominated by the fact that developers tried to spread their activities beyond real estate and got caught in a cash flow problem so couldn't pay their offshore interest payments on foreign bonds. US investors, including US banks, got hit the worse with bonds becoming worthless and payments in arear. Regarding shrinking workforce. Three things are at play. First an aging workforce, second a decline in exports because of a worldwide recession, and a shifting of gears by China from a labor intensive market to a technology driven market. China's GDP forecast for 2024 is 5%, but banks like the IMF have raised their predictions to 5.4%. That doesn't seem like China is crashing, mainly because China is focused on markets where it can get more value added than just cheap labor. China is trying to get more domestic consumption and offshore work in infrastructure in Africa, the Middle East, and South East Asia. And, to top it off, their inflation rate is zero.

I'm more comfortable here

@@TripBitten trip in US was just too short to get comfortable.

@@TripBitten AKA "I love RMB not the country". We get it.

@mulanfa1292 You often comment and seem bitter for some reason. I have lived here for over 13 years, I could make more money working in the US (especially if I had built my career there).... Not sure why you would attack/belittle one of the few content creators that are trying to show a normal life in China and present China in a normal way.

Yes, like we said we have seen it packed since everything has reopened, but I guess it was just too cold on Sunday.

let me guess, must be the middle one.

​​@@CDTsuiPo😂😂 agree.

That's the right thing to do. Real Estate is supposed for shelter needs, and speculation will lead to greed and unaffordable, Look at Vancouver Canada, San Francisco in US, or New York...it's a disaster.

Exactly, they did what Singapore did in the late 80s/early90s. Singapore cause the property (including commercial buildings) collapse. But in the 2010 onwards till date SG property has become too bubbly and is too dangerous to burst. Sigh..

China No hope 😢

@@lepinearbres5299it’s a big difference In China and America. China has a housing abundance while America has a housing shortage.

The real estate market collapse in China has rocked the nation. China's economy is in free fall right now, huge banks have shut down, life savings of tens of millions of Chinese is gone. Just because a couple of white people walk around telling everyone how wonderful things are in China does NOT show what actually happening in the rest of China where most people live.

Yes, true. It is around freezing most days. Sometimes 3-8 degrees during the day, but mostly around freezing.

Happy new year

Many people travel any chance they get!

haerbin

Little cute potatoes😂

True, that amount of debt will becoming impossible to service. It is already changing things there...

​@@TripBittenthe negative aspects of the North American region is reflected in the numerous RU-vid Financial reporting we are seeing posted daily reflecting the negative market indicators projecting imminent depression decline. I observe there is little doubt that we who live in the West are in for very difficult times of economic adjustment.

Just more reasons to get away from the West.

The debts are worrisome.

But amazingly Janet Yellen and New York Times say the opposite. LOL

Glad you liked it!

@@TripBittenThe constant switching from year to year is tricky in this vid, time consuming too no doubt.

Yes, trying to keep it interesting and jumping back and forth took more time to edit. Also, being longer takes time....

Thanks for watching! Happy New Year.

Thanks for watching!

That is what I was hoping to show and on the grounds look at things recovering and coming back!

It’s never good to destroy your countries best companies. Because they create many jobs.

Welcome 😊

Happy new year

Thanks for watching!

Thank you!

Good to hear things are picking back up.

Thanks for watching!

Thank you!

Your welcome

Good to hear things are back to normal.

lol yes, her hair is big in this video!

I understand that feeling.... Watching the US add more debt scares me, because at some point they will have to deal with it, but there doesn't seem to be a solution. Ever empire has fallen and most have fallen because of economic collapse by taking on too much debt. I feel the US empire will fail in the next 20-50 years if nothing is done to change the economy. Fractional reserve banking basically means your economy is run on debt and I don't see how the US can change the final outcome, which is almost always an economic and currency collapse.

南锣鼓巷 (Nanluoguxiang) is the name of the street we where walking along.

@@TripBitten thank you for the information.

谁在乎你？

北京天气冷，这个没得比较 深圳现在有15度以上吧，北京的天气现在处于0度或者以下，人们待家里的更多。

Yes, I don't think it will get pushed much by YT, but still interesting to see the general shopping areas in Beijing and see foot-traffic

@TripBitten you're a gem 🙏

What is YT?

@@ShauhuaGu YT = RU-vid

Yes, I didn't look into the numbers on the youth unemployment because it seemed like something the Western media was getting too excited about, so figured it must not be correct or correctly reported. Just remember that being a headline and people saying "China was collapsing again"

me too

Interest rates climbing, are your sure? Interest rates have been falling in China for the last two years and are now just over 2%, compared to over 5% in the US.

Why don't you get off your high horse and go to the mall in the USA, they can't even recover from the thieves.

@@mulanfa1292 Do you feel better, now, Pumpkin? I hope so. Here's a glass of water. Now, go back to bed.