China's Economy is in Bad Shape
3,955,481
Published 2022-10-15
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ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.
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//Soundtrack//
Dan Farley - Lorica
Burn Water - The Passage of Time
All Parts Equal - Airae
City Phases - John Abbot
Illusion Of Time - Daniel Avery
Blink - House of Hum
Aphex Twin - #3
Giyo - Are the Animals Gone
Luis Miehlich - I Tried To Reach Out (with Handbook of Magic)
Burn Water - Soul Candy
Sources:
• www.nytimes.com/2022/07/19/world/asia/china-bank-s…
• www.cnbc.com/2014/09/07/china-to-become-largest-ec…
• www.bloomberg.com/news/features/2022-08-03/china-r…
• www.bloomberg.com/news/features/2022-08-03/china-r…
• en.wikipedia.org/wiki/Chinese_economic_reform
• en.wikipedia.org/wiki/Property_law_in_China
• • Evergrande: the end of China's proper...
• theconversation.com/china-property-crisis-why-the-…
• www.china-briefing.com/news/explainer-whats-going-…
• www.bloomberg.com/news/articles/2022-08-22/china-p…
• www.cnbc.com/2022/08/22/china-slashes-lending-rate…
• • China Has A Debt Problem Three Times ...
• eurasiantimes.com/a-whopping-900b-debt-chinas-once…
• www.business-standard.com/article/international/ch…
• • China's International Debt Crisis
• www.ft.com/content/eb2d89f6-afd1-491e-b753-863e972…
• www.bloomberg.com/news/features/2022-08-02/china-s…
• time.com/6182781/china-zero-covid-economic-crisis/
• www.thebalance.com/how-would-china-s-slowdown-affe…
• www.grid.news/story/global/2022/07/18/china-has-an…
• www.bloomberg.com/news/articles/2022-08-15/china-y…
• www.theguardian.com/world/2022/may/26/the-rise-of-…
• • China’s Slacker Youths: Why They Went...
• www.nytimes.com/2022/08/04/business/new-world-nanc…
• • China's Catastrophic Oil & Gas Problem
• www.bloomberg.com/news/articles/2022-08-26/china-d…
• www.nytimes.com/2016/12/26/business/china-wenzhou-…
• www.theguardian.com/global-development/2021/nov/25…
• www.grid.news/story/global/2022/01/18/china-is-own…
• www.atlanticcouncil.org/blogs/econographics/delist….
• www.barrons.com/articles/china-crude-oil-gasoline-…
• www.thebalance.com/how-would-china-s-slowdown-affe…
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All Comments (21)
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I love this channel so much. It’s like; “yeah the world is falling apart around you, but let me describe it in my calming voice with some chill beats in the background and totally chill you out.”
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I'm glad you didn't go with 99% of Youtuber's "China's economy will collapse in x days" attention grabbing headlines. So many well known ones did this, the deadline past and the country is still there. China is definitely in a bad place, like most of the world, but the collapsing in x days headlines are just clickbait
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4:19 I was one of the architects who worked on the Evergrande artificial island theme park in this video. Evergrande was inspired by the palm islands in Dubai and created a cluster of islands in the shape of a flower. The petals of the flower formed the districts, some for hotels, some for museums, amusement parks etc. I was on the team that designed one of those “flower petals”into mock villages shown here. It’s filled with imitations of various architectural styles from around the world. It was such a ridiculous experience because we all knew this was a huge waste of time and tacky af, but at least they paid back then. Now seeing it like an abandoned ghost town is truly chilling
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Everytime an organization, establishment and people in general gets obliterated, the troublemakers gets compensated with a freebie in rewards, offers to the tune of millions.
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Pre-sales are a wild concept and I feel horrible for the people who bought into it trusting that their home would be built only to be shafted with nothing.
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Paying a mortgage on a house that doesn't even exist yet is crazy...
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Nice parting message at the end of the vid
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We need an UPDATE!!!!!!
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"It's never nice to see innocent people suffer". That last bit really touched my heart. Well said Dagogo 👍🏾
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I feel really bad for the 20-30 year olds in China who are just trying to get off the ground and stumble into a housing issues, a stale job market, a stuttering economy and massive debt issues. It must be absolutely crushing, knowing you did everything right only to find yourself without any opportunities. I hope it gets better.
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1:55 i was thinking that building was in Berlin after the WW2
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Can’t believe I just found this channel…I binge watched a couple of weekends ago while playing Soulstone Surviors
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I met a Chinese engineer in a WeWork co-working space in San Jose, USA in 2019. His family owns 50 apartments and all are empty/locked. Said they are investment properties and also mentioned about need to own to get married. I knew back then something is NOT right.
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the worst part about this is how the public have to take the fall for this, and the leaders and upper classes who caused this, won't face anything
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I swear, you could make reading the ingredients to a loaf of bread sound like Shakespeare!!!
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Put this channel on when I come home from work. Super relaxing and informative.
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Love the concluding remarks. We are always blinded by our hatred for some of these governments, forgetting about the very makeup of these nations, the people.
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The amount of research and data collection goes into one of his video is astronomical. We are lucky to have him.
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Watching this after literally watching 3 Major U.S. banks collapse in 72hrs
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What is a connection of little sparrow with stranded ship from Australia?