Shanghai's Secret Policy Exposed: Turning Skyscrapers into Ghost Towns | Digging into China скачать в хорошем качестве

Shanghai's Secret Policy Exposed: Turning Skyscrapers into Ghost Towns | Digging into China

This video explores the alarming economic decline of China’s major cities, Shanghai and Beijing, where retail sales growth lags far behind the national average. From January to July, Shanghai’s retail sales grew by only 2.5%, while Beijing plummeted by 42%. The service industry’s collapse, marked by a 21.7% office vacancy rate in Shanghai and even higher rates elsewhere, signals a broader economic downturn. Shanghai’s commercial-to-residential policy reflects a desperate attempt to address oversupply, yet it risks exacerbating residential market woes. Foreign investors, once dominant in office leasing, are fleeing, with firms like BlackRock defaulting on properties. This decline, driven by a stalled transition from manufacturing to services, threatens to trap China in a middle-income limbo, ending the era of reform and opening-up that once fueled its urban rise. Help me grow the channel by donating any amount through the link below—your support makes a difference! https://paypal.me/DonXiang Email me: [email protected] 0:00 Intro 0:57 The Fading Glory of China’s Urban Giants 1:50 The Service Industry’s Critical Role 3:04 Office Buildings as Economic Barometers 3:46 China’s Stunted Office Market 6:49 A Nationwide Real Estate Collapse 7:30 The Fall of Rents and Dreams 8:13 The Oversupply Crisis Unveiled 9:21 The Exodus of Foreign Capital 11:35 A Policy Doomed to Fail 12:21 The End of an Economic Era