China’s Golden Week Collapse: The Illusion of Prosperity Has Finally Shattered! #ChinaExposed| #ChinaExposed

Instead of revenge spending, what we've seen is consumers taking revenge. This year's National Day holiday is really unusual. With the current market, how are we supposed to sell? We just can't sell. It's simply impossible. This is the worst National Day I've experienced in my 10 years in the hotel business. It's too miserable. Too miserable. It's tough to do well in any industry this year. We hope for the best for ourselves. It's much worse than previous years. Too tough. I can't handle it. No guests National Day. It's much worse. I'm at the duty-free mall in Jida Zhuhai right now. Look, the whole mall is deserted. This year's National Day and Mid-Autumn Festival holiday has truly been bleak. During the National Day holiday, the ones complaining the most are definitely the restaurant and hotel owners. They all keep asking, where did all the people go? Why is no one coming to spend money? Let me show you. There's almost no one here. Barely any foot traffic. Shanghai has indeed been a bit quiet during the National Day holiday. Normally, these two buildings are brightly lit. But look at them now. Only a few lights are on. This year, during the National Day holiday, a very harsh social phenomenon has emerged. At night, the streets are filled with tents. It's said that in major cities like Changsha, Wuhan, Guangzhou, Xi'an, Beijing, Shanghai, and so on, there are tent armies everywhere. People traveling aren't staying in hotels anymore. They're all staying in tents. Hotel owners never would have imagined that what would defeat hotels would be foldable tents by the roadside. This is a true reflection of the current economic and consumer situation. My prediction is that in the next three to five years, this phenomenon will become very common. Everyone is saying it now. People have woken up. When they travel, it's all about budget travel. You can see it in this year's videos. A lot of people aren't staying in hotels anymore. They're camping in tents. This alone shows that when people travel, they're hardly spending any money. It's all budget travel. So if people aren't even staying in hotels, for those of us selling clothes, it's even tougher. This year, I noticed a strange phenomenon. During National Day and Mid-Autumn Festival, few cars and people were seen. Wow. This October, during the National Day period, there was no business at all. The streets were completely empty. Doing business has become so incredibly difficult. It's just not working out. Oh, my God. Is the shopping mall on Huaihai Road in Suzhou really this deserted? I want to know where all the people have gone. It's so quiet. You can hardly see anyone. Does this look like a National Day holiday? This year, mainland China's eight-day National Day holiday ended bleakly. Tourist attractions, malls, supermarkets, restaurants, and farmers' markets were desolate. Despair and anguish filled the market, from major cities like Beijing, Shanghai, Guangzhou, Shenzhen, to coastal Yiwu, Xiamen, and inland Wuhan. People from all walks of life, hotel owners, travel agencies, mall proprietors, and citizens voiced laments. From day one, it was deserted, the bleakest National Day holiday ever. This holiday meant to boost spending instead revealed China's true economic state worse than imagined. Commentators believe the Chinese Communist Party has entered garbage time, and Chinese poverty has reached its breaking point. The party is determined to go to extremes to maintain regime stability, so the lives of Chinese people under the CCP, more difficult. There's no ending at all. Anyway, the shops are empty, the streets are empty, everywhere is deserted. It's so cold and deserted. I remember the October 1st in the past with big balloons, small balloons, big and small loudspeakers shouting everywhere, and there were activities everywhere. I can't hear it now. There is a truly huge difference between the guanxiang who brutally raped me and the guanxiang who has been there for a very long 10,000 years. Maybe by 1.30 it's already over, not even until 2 or 3 o'clock. This year on National Day, it was just after 12, and by 1 o'clock it was already done. I was already home. Actually, this has become routine for me. In the past, when they talked about missing out on tea after we finished drinking, they'd say, hey, this singing gradually, you know, it's not wrong. Hey, how did you get here? I rode an electric scooter. How did you get here? I didn't want to come. Downstairs, I couldn't order dishes and many people were dancing, but hardly anyone was spending money. On October 2nd in Wuhan, the streets were filled with tents. Sai, scenes like this never happened before, huh? But it's not surprising or unexpected it's happening this year. Why? There's no way around it. Most people don't have money, right? To save money, of course people are pitching tents. It's more cost-effective than staying in a hotel. Honestly, this year during the November holiday, I've also been on a road trip myself. There aren't many people in a lot of places, not crowded at all. Sure, some spots are packed, but aside from popular destinations and coastal city attractions, I feel most people didn't really travel this November. Probably because after all, no one is really in the mood to have fun, the overall situation just isn't good. It's better to save that money than to spend it. Everyone is just out for a stroll, but hardly anyone is actually spending money. If they're buying anything, it's usually just food. Sometimes, it's really hard to sell other things. I originally planned to make a video this National Day about challenging myself to see how much I could earn in a day by setting up a stall, but now, seeing how things have turned out, I think I'll just forget about it. People are replacing hotels and guesthouses with tents. At the Great Tang All Day Mall, 74 million visitors spent 74 million yuan, just one yuan per person. This year's Golden Week highlights the situation, especially in Wuhan. Especially in Wuhan, tents are everywhere on the streets and in the alleys, becoming a unique and eye-catching sight. Meanwhile, those running hotels and guesthouses are really having a hard time. Dozens or even hundreds of rooms, but maybe only a few, are occupied. They were even planning to raise prices. They wanted to jack up prices by a significant five or six times, thinking they could cash in and make a killing. But in the end, absolutely no one was buying it at all. This is the trend for the future. Wow, there are just so many tents, oh my god. There's no space, no parking, and nowhere to camp either. This National Day holiday, the tourism industry, it's really not good at all, honestly. I think in some places, sure, a few attractions might be quite crowded, but for most of them, I do not see business being that great. Right now, I am at the Yunnan Ethnic Village, which is widely considered one of the main attractions in Kunming. You can clearly see there are people here, but it's not exactly bustling. Let me show you around. It's pretty sparse, honestly. I think the number of people here is about the same as a regular weekend. I checked our return flight tickets I'm planning to book for October 6th, and even those tickets are discounted, like 30% or 40% off. For a major holiday like National Day, flight tickets being 60% to 70% off really says something. So, when it comes to domestic consumption, you can really see from these situations that things are tough. People just don't have much money in their pockets. Maybe people really just don't have any money left. A few hotspots don't tell the whole story. Some people say, like, hey, look at this tourist spot, it's packed. But I don't think that reflects the overall situation. A Cheng, a netizen from Shaoxing, Zhejiang, lamented, in Shaoxing, with 7 to 8 million people, streets, tourist spots, malls, restaurants, and even factories are deserted. When China had 1.2 billion, there were crowds everywhere. Now with 1.4 billion, even more, you see no one. Is everyone just staying home? Ms. Wen, a Xiamen, Fujian resident, also noted streets were unusually deserted during the holiday, and completely empty during National Day. Many shops are deserted, they simply close. Business this year is harder than prior years, not because companies are doing poorly, but because the external environment is too bad. Independent economic observer Chen Jun said the root cause of weak consumer spending is a lack of confidence. And this isn't a short-term phenomenon. It started in 2021, when China was in the pandemic. Many people didn't feel it then. After lockdowns lifted in 2023, the economy remained sluggish. In short, it all comes down to a lack of spending power. This year, with the National Day holiday almost over, there are barely any customers coming to restock, which just shows that, in fact, everyone's sales during this holiday have been poor. Right now, people simply do not have sufficient money, so they only truly buy essential things when they genuinely need them. That's precisely why I personally feel like business conditions won't significantly improve for another two or even three years. Guys, I've arrived in Zhuhai. This is Mingyang Plaza in Zhuhai. And just now, I also visited a place called Mixi in Xiangzhou District. I was surprised. Why is it so empty here? Logically, in Shenzhen, you'd expect lines everywhere. But here, in these restaurants and such, there are hardly any people eating. There are very few people. Both of these shopping centers are like this. I'm Xiaobai, a Guilin tour guide. During the National Day holiday, Guilin and Yangshuo felt uncrowded, no traffic jams. I'm wondering if Guilin's reputation as a tourist destination is getting worse, which has caused a sharp decline in our visitor numbers. Can you imagine this is the crowd during the National Day holiday? There really aren't many people. Honestly, we in Guilin truly need to reflect on why there are so few tourists really at this moment. In the Northwest's popular tourist spots, most visitors are self -driving tourists. Travel agencies' business has plummeted. owner of a small group custom tour agency for the Qinghai Gansu Loop, faces bleak business this long holiday. Not yet 40, his anxiety has caused his hair to turn grey. He says travel agency business is dismal. During the long holiday, bookings were scarce. Most tourists self -drive, bypassing travel agencies. Many sleep in cars. Some even pitch tents near campsites or scenic area parking lots. Feedback from hotel, guesthouse and travel agency owners in Guangdong, Lijiang and the Northwest indicates significant losses during November's long holiday. Discounting and low prices with insufficient occupancy are now common. What hurts most is Almost overnight, you could hardly see any tourists. This is a widespread phenomenon. Mr Zhang from Shaanxi said people on the mainland suffer. The economy is very bad, each year worse than the last. Many businesses are shutting down, going bankrupt. Mr Ji from Zhangzhou, Fujian stated life in China is miserable. The Chinese economy collapsed.