Yeah, no clue what is going on there except maybe a public foot fetish performance

that's exactly what it is

scammers will intentionally get hit and then overly dramatize the injury knowing that the cop is incentivized to avoid paperwork and push the offender to make a swift payment

lady wasn't having any of it and of course the guy was "unable" to defend himself because he was feigning a life threatening injury - but of course no ambulance because he needs to collect the money from her first

meanwhile the cop is like "please stop standing on his head until we resolve this"

i've witnessed this a million times

i've also witnessed first hand people hitting the cop who ruled against them - police in china are given 0 respect

https://warontherocks.com/2024/10/wi...nts-in-africa/

https://www.bbc.com/news/articles/cwy1k2rx724o

Dozens killed in car rampage through Chinese stadium

Zhuhai is a shot distance from where I was living. Since it was a bigger city, most people would naturally gravitate there and I spent a lot of time there as well. Really horrible.








Not really that important, but if anyone is curious what was going on with India and China a few years ago when they were fighting each other with sticks, here's a clip that was relased:

Graphic.

he's talking about this

https://www.reuters.com/world/china/...ed-2024-11-12/

happened right across the water from macau

whoever that channel is, he totally sucks and is a charlatan - didn't even mention the city where it happened - just pure fear mongering

it wasn't a terror attack, it was a 62 year old man who was upset about losing half his assets in a divorce - china has a big problem with mental health issues in that it's been stigmatized and people don't seek the treatment they need

read the above article for actual journalism

You can immediately disregard anyone talking to a camera in a suit on Youtube. They are all racist and/or grifters

he's lived in China for YEARS and is married to a chinese woman... he speaks the truth about China from someone that lives/has lived there.

Disregarding someone merely because they are on youtube is an issue because more truth comes independently than it does from corporate media outlets.

Independent news is where it's at.

Rickroll is calling him a charlatan and he lived in China for YEARS as well.

Who to believe, who to believe

Look at his body of work, obviously has a bone to pick. I'm smelling fallen gong.

I wrote something pretty long with points etc. but I think I should skip that and make it simple.

One of my best friends is in China and I spoke with him last week. He will be in a first, second and several 3rd tier cities for about 5-6 weeks.
He did tell me that everyone that he spoke to and all of his friends, told him that things are not good at all.
Ie. Hey good to see you. I haven't seen you in a while (2-3 years,) how is it going......
Not good, RE, jobs, economy, outlook, all bad. I will get grill him on how things are when he comes back at the end of this month.

I believe that China is kicking the can down the road one more year by piling on more debt to create GDP, and that
they are still in for a number of hard years to come. The economy has not hit bottom yet.

In other china news there is a MSM news report that china hacked information from the dept of treasury.

As the MSM is hostile towards Trump and Elon, and may view the dependence of their core businesses on China, I expect the MSM will feature lots of stories like this in the next 4 years to drive a wedge to hurt Trump/Elon politically.

There is also a legitimate question whether Trump/Elons dependence on China is actually a double interest that can and will be exploited by China to undermine US interests.

But because of their anti Trump bias I don’t really trust the MSM to be balanced in reporting this type of stuff. I expect they will be much more vigorous reporting this kind of stuff in the next 4 years than the previous 4.

I read the People's Daily and the Global Times regularly. (both Mainland Chinese news agencies published in English)
The positive news is very scarce and when they do publish an article, it is hard not to be skeptical.
The last 'good news' article that I read was about how travel to China is up. In reality travel to China was down in 2024.
The article does not lie, it uses deceptive wording to imply increased travel.
ie. Visa free travel visits to China is up by XXx,XXX. What they don't say is that they added approximately 30 new countries in 2024,
to the list of countries that no longer need a visa to visit China.

As far as my friend goes, he did not want to say anything bad about China. He told me that everything is about the same (from his
point of view) but all his friends in China say things are bad.
He told me that he had to take is girl friend's extended family to a high end Chinese restaurant. (traditional sit down with many dishes served)
He said it was great and he paid $280 USD for 24 of them everything included. (i am quietly thinking to myself that 24 big mac meals in Washington state is more expensive than that)
I asked him how busy the restaurant was. He said that he could not tell as they had to walk down a corridor and were put into a private room.

My 2025 outlook for China in RE (my area of study) is still very negative.

Ageing population
fewer people getting married.
fewer births.
population decline
The Chinese govt does recognize this and is encouraging more children... but the change is like turning the Titanic,
very slow and will be a long time before anyone sees the effects.

RE is no longer considered a store of wealth in China and alternate places to store wealth are looked for.
Capital flight, legal and illegal is happening to preserve wealth for Chinese citizens. They want to invest outside and
not inside China if they can.

Infrastructure investments to support RE investments are non productive.
(ie. adds lots of GDP in the year built but adds lots of debt, recurring costs to maintain, and little to no revenue.)
We are in the recurring cost and interest payments phase.

In the long run this is fewer buyers of RE.
Less demand = prices dropping.

RE prices have declined steadily for 11 quarters.. from a high in Q3 2021.

In Jan 2024 i estimated 60m empty units in China owned by investors and an additional
20m units paid for by citizens but undelivered.
While it is difficult to get any news on this topic, I still estimate 58m?!? empty units and
only 1m of the 20m unfinished units have been delivered. (previously 4-5 m units
would be delivered each year)

I believe that 0 new prebuilds were sold in 2024. (prebuild = units paid for NOW to be built at a future date)
There has been a huge growth in the 2nd hand market for empty units for sale. Ie. 2m of the
60m empty units have had their prices drop enough for new buyers to buy them from previous owners.
This was rarely ever done before 2022. RE prices will continue to drop in 2025.

While Evergrand and Country Garden were big news in 2022-2023 additional companies are being mentioned
as being in serious trouble. In my mind there are three levels of serious trouble.
level 1 Bankrupt (usually this is the end of the line for a western company)
level 2 Debt Restructuring (has a chance because it has some assets to manage/liquidate. The investors get 50% haircut)
level 3 Owner is being 'detained' (nothing left to manage.. so Govt needs to blame someone.)

again at the beginning of 2024 i estimated 75% of China's top RE companies are level 1.
additional RE Companies that made it into the news in 2024 include
Vanke
Shimao
Sunac
China Aoyuan Group

(also Zhongzhi Ent. Group not an acutal RE company but sells investments related to RE)