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It's typically on Chinese social media apps, and when they get popular they get taken down immediately by the government here are some remnants in non-chinese
by wholemodern 2y ago
It's typically on Chinese social media apps, and when they get popular they get taken down immediately by the government
here are some remnants in non-chinese websites.
http://www.xinhuanet.com/fortune/2023-06/26/c_1129716071.htm http://www.xinhuanet.com/fortune/2023-06/26/c_1129716071.htm
https://botanwang.com/articles/202308/%E4%B8%AD%E5%9B%BD%E5%81%9C%E5%8F%91%E9%9D%92%E5%B9%B4%E5%A4%B1%E4%B8%9A%E7%8E%87%E3%80%80%E8%B5%84%E6%B7%B1%E6%96%B0%E9%97%BB%E4%BA%BA%EF%BC%9A%E5%BA%94%E5%B1%8A%E5%A4%A7%E5%AD%A6%E6%AF%95%E4%B8%9A%E7%94%9F%E5%A4%B1%E4%B8%9A%E7%8E%87%E6%81%9080.html https://botanwang.com/articles/202308/%E4%B8%AD%E5%9B%BD%E5%...
https://www.voachinese.com/a/more-chinese-white-collar-workers-report-decreasing-wages-20240209/7481715.html https://www.voachinese.com/a/more-chinese-white-collar-worke...
if you want to verify secondary effects: Retail sales of passenger cars in China declined to 1.095 million units, down 21% from a year earlier and 46% from January. https://www.wsj.com/business/autos/chinas-vehicle-sales-dropped-in-february-amid-price-war-long-holiday-df7465f3 https://www.wsj.com/business/autos/chinas-vehicle-sales-drop.... A decline of real estate development investment widened to 9.5% in the first quarter from 9% in the first two months https://www.bloomberg.com/news/articles/2024-04-16/china-home-prices-fall-as-slump-shows-few-signs-of-abating https://www.bloomberg.com/news/articles/2024-04-16/china-hom... Stingy Chinese shoppers are returning their goods, erasing up to 75% of their sales value.https://fortune.com/asia/2024/04/17/luxury-brands-new-headache-china-stingy-shoppers-returning-their-goods-75-sales-volume/ https://fortune.com/asia/2024/04/17/luxury-brands-new-headac...
- nradov 2y agoPopping the residential real estate investment bubble was probably the root cause behind the collapse in sales of cars, luxury goods, and other consumer products. A lot of consumers who had made highly leveraged investments on unoccupied apartments in "ghost cities" were sitting on significant paper wealth for a few years and felt comfortable spending money. Now that has largely evaporated.