Recently, Chinese Tiktoker Wang Nicole shared a video about the decline in consumer spending among Shanghai’s middle class. The video gained a lot of attention, sparking comments from many middle-class individuals.
One person wrote, “My best friend says she won’t eat meals that cost more than 20 yuan. She has 1.5 million yuan in cash and lives in a spacious apartment, but she doesn’t buy clothes or bags. She wears my old clothes, and when we shop, she avoids eating out. A cup of water from McDonald’s is enough for her.”
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This channel will distort reality. Be sure to watch the opposite point of view.
None of you are middle class. 4 apartments, 5 properties…..ridiculous.
Meanwhile International airlines cut China flights over Russian airspace ban, economic concerns
11:30, same serial numbers!.
It’s true
@3:15 That's because your money and housing in China isn't yours. Everything and EVERYONE belongs to the political party, the CCP. The CCP can wipe out everyone's bank accounts if they wanted (which they kind of have since you can't withdraw your own money; buying small things are the only possible option).
The good times would've lasted longer for China if only they remained close to the West. Same with Russia. But their leaders wanted to challenge the West for some reason.
wealth is the money you don't spend.
lesson: don't spend
If you have investment properties… especially in Australia which is one of the higher cost of living countries… then you aren't downgrading from middle class… you are just stingy.
Daily self fantasy ownself machine talk ownself happy channel for all😂
These people are not poor watching this video they are just not spending as much they used too , which is the sensible thing to do in time of economic uncertainty.
lol why buy a $7 coffee when you can get 1 kilo for $4? only young and dumb people do that it just makes no sense, it has nothing to do with having many since half the people in the Starbucks are poor or live at mom's. I just refuse to pay it.
Actually these people are too rich to accept middle class spending. They are still good to go with normal life !
The Chinese government is the one pushing this scarcity Narative wake up they don’t allow this if they don’t have an angle
I'm opposite.
Now I'm buying a lot of useless things.
My wife says why im buying useless stuff 😂
I replied, because we are now richer thousands of times over
Whatever. It's their money lol. The rich stay rich by not spending their money lol.
Vietnam is also the same = ))
China is a sick society in every sense.
Once "Nature's Rule" of everything being connected is disrupted, surely there is a price to pay!
if Xi stepped down, it might give some hope
but nah🙃
It's all a mental disorder….
😂😂😂😂😂😂 Good
Honestly… just looking at the video – China looks amazing… the development is so obvious. Even if the Chinese become a little miserly, the money is still there.
I am not disagreeing with the message in this video, but looking at the video, China seems to be doing wonderfully well.
Having chinese real estate is like owning multiple old sheds in tennesse.
Rhythm of life.
草泥马。 what’s so funny to the first woman ? Is she trying to mock the others who are suffering ? Wipe that smile off your face botch
I think like the USA, your leader too is using his people like his private piggy bank , time to pick NEW leaders !
These ppl are not middle class, wtf!
Rich people are always the most careful in such a situation!!
Owning a bunch of houses that no one wants to buy or live in isn't the flex they think it is.
The wealthy at the top increase the burdens on those below.
It's quite obvious, many since National Day had gone overseas to shop and dine out, thanks to Fan BingBing spending spree across SouthEast Asia. Look at how many of them can afford to buy expensive durians. Many even came to Uncle Roger Restaurant too, FUIYOH !
Middle class chinese can purchase two apartments in Shanghai and two in Australia??
I promise they all have the most expensive iphone though, instead of a 1200 yuan vivo.
Its happening in America too. We have a lot of empty buildings around.
I'm 38, an ABC in California, but most of my family is from Shanghai. I speak fluent Shanghainese and Mandarin. Reading/writing..uh…..shit, not really. I can read Korean cause it's phonetic. lol.
I remember visiting for the first time in the 90s as a very young child and there were chamber pots and even A/C was a substantial luxury. You could buy entire meals with coins and walking around with 10 yuan made me felt like a king. A nice red Mao note felt MORE than even a Benjamin. It was bigger lol.
But yea, I've visited and lived in Shanghai many times after that and it is an absolute tragedy to see what happened.
I remember the first time I went clubbing in Shanghai when I was 21, I had just started to DJ in California. XinTianDi was the shit. Jazz clubs and hella ladies and everything. For a tall guy like me, it was hella easier to date foreign girls there ironically. They were dying for something a lil different from the usual dating pool.
Still, I'm a book worm and FuZhouLu is my favorite place to hang out. Books and stationery supplies. Hero fountain pens. White Rabbit candies.
Shanghai was like a dream. Dou Jiang You TIao every morning. It was just like the JJ Lin song.
What a tragedy.
It will just get worse once war breaks out between China and Taiwan. You never see a country that is involved in war booming with wealth and prosperity. For example Russia, even if they are the stronger country in the war, their citizens are suffering economically. War drains the resources of a country, it doesnt matter if you are doing the attacking or defending.
The richest people on earth you’d never know they don’t wear fancy things….😂
judgmentcallpodcast covers this. e-class consumer spending declines.
Consumerism is overrated
China is going to have 1/2 the population due to 1 child policy, so the economy should be cut in half also.
Your assets have depreciated sharply, and you can't sell when nobody is buying.
More dollars than cents -sense
The five properties she owns are most likely worthless and falling apart and she knows it but is not telling her friends.
Non Aus citizens shouldn’t be prevented from owning land in Australia! It just forces prices up for Australians
Chinese woman somehow don't do it for me.