(00:00:00) Chinese funds are thrown into the "economic black hole" and there is no improvement! ? The national debt is in the trillions... Household debt is higher than in the United States! ?
The local government blames "whoever raises the debt is responsible"! Kunming Metro is about to go bankrupt...it only "earned 70 million" after receiving a subsidy of 1 billion! ?
Shanghai is in a deflationary crisis, with “rows of empty stores”! ? China's "fatal data" appears...The factory is producing at a loss! ?
Chinese people don’t even eat barbecue if they don’t consume? The popular Zibo turned into a ghost town...all the stores were empty and leftover sesame seed cakes were sold all over the floor! ?
(00:05:56) Cut off 5 million first! Luxury homes in Shanghai are "listed for sale" at an eight-year high. A rich man has lost a wealthy man, so why is he jumping off a building to be auctioned? !
Shanghai's luxury mansion "Green Lake World" continues to be listed for sale. The owner has no leverage and "will look at the next house if he doesn't sell"!
Shanghai Shimao Riverside Garden Mansion was previously promoted as "Being Neighbors with Tony Leung". Today, 235 units are listed for sale, an 8-year high!
Bidding starts at half the price! The tallest landmark in Shenzhen owned by Shimao has stopped construction and is stuck in the quagmire. The locomotive of China's real estate market is no longer there! ?
Is China defending the RMB and pushing "dollar hegemony" higher and higher? Wu: The policy confusion comes from internal instability!
(00:13:43) Shanghai Pudong Development Bank reported that the salary cut from "90,000 to 26,000" will lead to a strike. The financial industry is "frozen" and the financial card cannot be paid?
Deep fear among Chinese people? There was a long queue to grab "Hong Kong Account Opening" and you had to get stuck in line even with your backpack and umbrella!
China's unemployment rate is nearly 20%, which seriously hurts the "cold recovery"! ? Behind the popularity of "Zibo BBQ" is the poor economy!
(00:19:49) Watching the sunrise on Mount Tai changes to watching the sunset, "Camels are blocked" in the Dunhuang desert... For the first time since China lifted the lockdown, congestion broke out everywhere on May Day! ?
China’s May Day holiday retaliatory tourism phenomenon. Young people are ridiculed for “turning hotels into hotels” in order to save money and stay in Haidilao!
Is the May Day holiday crowds a money rush? A wall has been built along the Hukou Waterfall on the Yellow River to prevent you from seeing it for free! ?
Walk 30,000 steps a day and eat all over Nanjing in 24 hours? The wave of budget travel in China... College students travel "special forces style" to save money and risk their lives?
The truth behind the wave of poor travel in China is that "unblocking is useless and there is no money." The official PMI dropped to 49.2 in April and broke the critical point again!
Domestic consumption is sluggish. The Taiwan-owned Pacific Department Store in Shanghai Xuhui, which has been in business for 30 years, may not renew its contract and is rumored to turn off its lights at the end of August! ?
20230612-4, 20230607-2, 20230512-4, 20230501-2
#crucialmoment #xijinping #economic #shanghai #debt #renminbi #america #dollar #consumption #dollar #bankruptcy #localgovernment
2 июл 2024