China's economy is most likely going through a catastrophe. The Chinese migrants may be a sign..

[Dr. Acula]

That 60 minute piece about the Chinese migrants that went viral, a lot of those folks looked middle and almost upper class. What we know about the Chinese economy is what is made public and what leaks out. The fact these individuals are the ones migrating and it seems to be economic reasons means something stinks about China's economy.

Some recent stories make it seem like the situation may be worse than what is openly discussed by the government. Similar to how they acted with covid...





60 minutes piece on Chinese migrants


Japanese news channel NHK reported on the Chinese migrants to the US several months ago before 60 minutes.

 

[Zime]

Nah, those Chinese that are coming in are the bottom of the society over there. They the factory workers that get abused over there.

 

[Dr. Acula]

Nah, those Chinese that are coming in are the bottom of the society over there. They the factory workers that get abused over there.

Don't know about that. A lot of them look like they had some cash. They had some nice clothing, expensive looking luggage, and smart phones. One woman said she sold her house before taking the journey. They didn't look like the bottom class.

 

[BlackMajik]

Sleeper cells

 

[Dr. Acula]

Sleeper cells

Was my thought as well at first until I started watching and reading recent news about their economy. I'm sure they have some agents in there, but I think most of these people legitimately escaping for economic reasons now.

Manufacturing has been leaving China at a record rate. Their youth unemployment was reported to be like 25 percent at one time and of course the real estate sector, a major part of their economy is collapsing right now. People have been claiming China was going to collapse any minute now forever, but things right now are legitimately looking a bit sketchy there.

Mexico is coming for their crown

US companies pull out of China as relations sour

A survey of American companies also found confidence about their prospects in China’s economy has hit an all-time low.

www.afr.com

 

[Zime]

Don't know about that. A lot of them look like they had some cash. They had some nice clothing, expensive looking luggage, and smart phones. One woman said she sold her house before taking the journey. They didn't look like the bottom class.

Trust me, they are not middle or upper class.

 

[aXiom]

But coli nikkas told me China got next

 

[O.T.I.S.]

Don't know about that. A lot of them look like they had some cash. They had some nice clothing, expensive looking luggage, and smart phones. One woman said she sold her house before taking the journey. They didn't look like the bottom class.

The one the interviewer was talking to was a college grad who left to find work in LA

They not all factory workers

 

[3rdWorld]

They've been aware of it for ages now..hence why they've been encouraging their people to emigrate to seek new opportunities. Same story with India.
They are bombarding nations that aren't attractive destinations in the traditional sense.

 

[HabitualChiller]

Nah, those Chinese that are coming in are the bottom of the society over there. They the factory workers that get abused over there.

Idk. I know for a fact from actually talking to and working with them that most of the ones that join the Navy are VERY well-off.

These kats are E-3s earning ~$1500 a month pushing brand new Teslas and shyt and living in nice houses.

They don't speak great English, but they for damn sure know how to cash a check

 

[ORDER_66]

This is Xi's problem to solve they have trillions they'll be aight...

 

[Da_Eggman]

covid had a huge affect on them

 

[Uitomy]

Trust me, they are not middle or upper class.

Then they know someone who is helping them, idk how their government would let them escape out here when most poor Chinese can barely afford the train.,

 

[DonB90]

America the dumbest country alive...just importing spies.

 

[Vandelay]

Was my thought as well at first until I started watching and reading recent news about their economy. I'm sure they have some agents in there, but I think most of these people legitimately escaping for economic reasons now.

Manufacturing has been leaving China at a record rate. Their youth unemployment was reported to be like 25 percent at one time and of course the real estate sector, a major part of their economy is collapsing right now. People have been claiming China was going to collapse any minute now forever, but things right now are legitimately looking a bit sketchy there.

Mexico is coming for their crown

US companies pull out of China as relations sour

A survey of American companies also found confidence about their prospects in China’s economy has hit an all-time low.

www.afr.com

I'm in global supply chain management. This is facts. China showed their hand too fast. A lot of manufacturing is going to go to Mexico. Like A LOT...

My company calls it geopolitical resilency, but it's not just a geopolitical play. It's cheaper (transportation) and gives suppliers more time to respond to demand volatility. You shorten the supply chain from 5 months to 2 months. That's MAJOR for JIT companies.