Beijing's complete encirclement, not even letting a fly out!? 2027 is the most critical year; if he doesn't step down this time, the following years might... Qiqi Baba TALK Episode 1027 20261111

This video explores the recent frequent and unannounced military exercises conducted by China around Taiwan, while analyzing the potential challenges associated with the 2027 political milestone. At the same time, through a large amount of on-site footage and content shared by netizens, the video showcases the widespread status of unfinished and vacant villa complexes in various parts of China (such as Huizhou in Guangdong, and Fuzhou and Xiamen in Fujian). This reflects the economic and survival pressures faced by ordinary people burdened with heavy mortgages, and analyzes the comprehensive protection enjoyed by Chinese real estate developers and banks within the loan mechanism.

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Hello everyone, welcome to Qiqi Baba, I am Qiqi. I saw a video saying that since October, China has been conducting a military exercise that is essentially a blockade of Taiwan, and it is a comprehensive encirclement, and it is also an exercise without full notification.

It is not certain whether the state shown in this video is completely real, but I know that this exercise did happen. And the CCP has been very rampant in recent years; this is not the first time they have done such things in the past two years. First, these military exercises are becoming more frequent; second, the situations where they do not provide notification are also happening more and more often. Uh, I actually mentioned this a long time ago, but I think friends might have forgotten a bit, which is that the CCP might want the Taiwan authorities and the Taiwanese people to...

To relax their perception of these military exercises, meaning that everyone will get used to it, thinking, "Oh, they are just exercising, they are just, uh, trying it out, it's nothing," and after the frequency becomes too high, friends might feel that it's nothing. But the most important thing is that no one knows if they will come for real next time. So I think this method of, uh, boiling a frog in warm water looks very familiar, because for any policy that they push out for the Chinese people, or any behavior they use to exploit them, it seems they all follow this process.

Especially now that 2027 is approaching, and I think this year is a very special year, because Xi Jinping will probably secure another term in 2027. After he secures another term, I think this term is actually a relatively dangerous period compared to the first three terms. We really should stay on high alert at all times, because looking at it now, there is no way he is going to step down. Basically, not to speak in absolute terms, there is a 99.99% chance he will secure another term. But we cannot completely rule out that 0.01%, can we?

For him, his next term will be a huge challenge. And for the whole world, this term of his is relatively unstable and unsafe. In fact, it has also planted a huge bomb for the entire world. For the detailed reasons, please go watch our video this week, my very initial video on this.

I discovered something here, wow, such a huge unfinished real estate project! Dozens of buildings, come live here, come live here!

Normally, I can, uh, practice yoga here, and then meditate at noon. Everyone can take a look, surrounded by mountains on all sides, the sunshine and air are insanely good, come on, everyone come! Why bother going to work? There is no need.

Dunhuang is great without water and electricity, reliable, Huangping is reliable, a whole vast area!

I found an unfinished large luxury villa here in Chengdu! No rent, no water or electricity bills, there is zero pressure in daily life, I cook for myself, and I spend less than five yuan a day. Then I can reclaim some wasteland down here, grow some vegetables, and life couldn't be better! No house.

No car loan.

No rent, oh my, this kind of life is also fine, zero pressure.

This bed and this sofa cost tens of thousands of yuan back then, sitting on them is pure enjoyment! This is the life of my dreams!

Look everyone, as far as the eye can see, there is yet another vast area of vacant villas sitting here, with many courtyards overgrown with weeds. It has been over a dozen years since this project was moved into, more than ten years, and the occupancy rate is still sparse. You can occasionally see one or two units being lived in, and they are not even normal households; they have been converted into guesthouses or hotels. Back then, we harbored a very wonderful imagination, thinking that this would become the standard for the middle class in the future, ah, that the middle class would live like people in the West, working in the city center and then coming back to live in the suburbs. But after so many years have passed, look, among these countless villa developments all over the country, how many of them are actually thriving?

I have been to a dozen large and small villa projects across the country. Except for a very few built exceptionally early that occupy particularly advantageous locations, most of the villas are desolate and depressed. This guy picked up an abandoned unfinished villa.

Converted into this look, look how great it is! What was it like before? It was like this before, and there are still several rooms left now that nobody wants. Let me show you, there are many. This one has been occupied by someone, he squatted in two units, and there are two other empty ones over there that nobody wants. Um, look over here, there are two more units over here that nobody wants, and there are many more in the back.

Look how great the scenery is over here, what a pity, such great scenery right by the seaside, and many single-family small villas have nobody living in them. Don't you think it's a pity? It's such a pity. Why still go to work? Find a free house to live in, grow some vegetables. Eat a little less meat every month, occasionally go out and do odd jobs, isn't living like this pretty good? Why go to work? No need to work.

There are so many unfinished buildings here, free to live in, live anywhere you want. I've been living here for over a year. The house I live in, I'll take you to see it later, I'm cooking with firewood over there.

There is endless firewood here, look, this firewood was all chopped by me, there is more over there, look, all chopped, come live here. Look at the firewood-cooked rice we make every day, hey, look at this stove for firewood-cooked rice.

Mm.

So useful! Dozens of buildings, front, back, left, and right, all of them. Oh, the scenery is also great. What kind of landscaping in that residential community of yours? What is that landscaping worth? This right here is my landscaping. You see landscaping everywhere, look, including all the grass down here. Look how great the landscaping is! There is also a beauty sleeping on the second floor, this beauty came yesterday.

I sleep in this room, ah, the third floor is slept in by another cousin from Jiangxi.

Hahahaha! Ah, there's endless work, endless work, you couldn't finish even one thing a day, it's just too big.

I told everyone before not to buy a house, because right now houses are in oversupply, way too much oversupply. I am currently in Huizhou, Guangdong, and right next to the residential compound where I live is a huge wasteland, a huge area of uninhabited houses. Now we can take an even closer look at these unfinished buildings nearby. The building in front is empty, those white lines are actually the sky on the opposite side, it's see-through. And this area is too, and there is also this area, blocked by trees, basically uninhabited as well. Just this one place should be able to.

There should be hundreds or thousands of households living here, meaning yes, just this area alone should be able to accommodate hundreds or thousands of households. So some people say that this place, Huizhou in Guangdong, can accommodate everyone in Guangdong, I think that is feasible, it's just that they don't come to live here.

Let me show you all, the villa areas in Huizhou are densely packed, but the vacancy rate is very, very high, over ninety percent of them are just left vacant there.

Real estate.

Blah blah.

Completely finished! Take my house, it dropped from one million four hundred thousand to fifty-five thousand now, even if I agreed right now immediately, no one would be able to pay. The real estate agent told me that's just a market price.

Now these houses are really worthless.

Renovated houses can be bought for just over ten thousand yuan. I bought my house in 2019, spent nine hundred thousand, now it's listed at fifty-five thousand, and for two months no one has even asked about it. A couple of days ago, someone came to look at the house and asked if I would sell it for four hundred thousand? When I heard this price, I laughed out of anger. If you say sell it, the loss keeps me awake at night; if you say don't sell it, fucking hell, I can't sleep and I can't eat either. At this kind of housing price, it probably won't ever go up again.

When I bought the house, I was afraid of running into this situation, so I deliberately bought from a large developer, and in the end it still turned out like this. Over by the residential compound, it's all barren land. Now, in this environment, if you want to sell your house and buy another one, no ordinary commoner can necessarily afford the toss-up. You say you look for the real estate company, the house you bought was delivered to you, the rest of the unfinished work belongs to what they didn't sell, if you want to reason with someone there's nowhere to go.

Wow, I don't get it.

Buy with a mortgage.

Buying a house!

No matter how you buy it, if you don't have a house, your chances of staying a bachelor will increase by at least thirty percent.

When you can't afford the mortgage, a wife might run faster than a high-speed train!

Between this preparation for marriage and staying a bachelor, dad chose that you can carry on the family line for me. However.

Now because of the mortgage, I'm so worried I can't sleep all night!

There is such a thing, son, you are dad's only son, dad can't just watch you worrying in a rush. How about this, I'll find you a night shift to work on, since you can't sleep anyway, don't just stay idle.

Dad, I can't take it anymore.

Son, think positive. When you need to work, you work, when you need to rest, you work, chase the mortgage, don't chase illusions, dad.

Then support me for two months.

The son hung up, and dad still has a date with some old sisters to dance square dancing.

Look at these distant suburban villas, are you guys still buying? These are completely stuck in your hands.

The entire villa area, besides vagrants, probably has at most one or two families, and the rest are stray dogs. There are some for sale here, aren't these villas for sale? This is also for sale, unsurprisingly, every single house is for sale, who would buy them? Even if you give them to me for free I don't want them! Private houses for sale.

This is a private house for sale.

A few days ago I posted a video saying that I am currently in a small rural village in Fuzhou, Fujian, and there are many free houses here that people can live in, and then underneath there were many netizens asking where it is. Let me tell everyone, I am currently in Guwei Village, Langqi Town, ah, this is a small village, well, there really are a lot of empty houses here, and there would also be some landlords who want to find someone to help look after the house, because basically the people here have all gone abroad, so the houses are all empty, basically not even a few elderly people are left. Well, if anyone wants to find this kind of house to live in, actually there are many places like this in China, many ancient villages, and Fujian has quite a few too.

This whole area is unwanted, and you can just enter and exit freely! They don't even have security guards anymore, there's just no one managing it, it's already like that. But the houses here are very good! Look at this, this kind of new Chinese style.

And there are doors and windows, so you don't even need to renovate when you move in; you just bring a bed and you can sleep there. And they have electricity here too, because I saw that family—and do you know what else? They even moved a refrigerator in, right? It seems like there are people here feeding sheep too; I can hear the sheep bleating now. In the middle, there seems to be a large platform, a shared lawn, and these two—now there's a flock of sheep. Look, is someone living in that house? Let me zoom in for everyone to see. As long as you're bold enough, you can instantly own a multi-million dollar mansion right here in Xiamen. Of course, if you want one in another city, you can come over, but let's say it's a gift I'm giving you, or a gift you're giving yourself.

Very.

Someone is really living here, living in a multi-million dollar villa right in Xiamen, can you believe it? Leaving it abandoned here is just a waste! I feel like if everyone came here to live, wouldn't this whole area have some life? Isn't that right? This plot of land would be put to use, and there are still so many people who can't afford a house. When this place is about to be demolished, or when someone comes to take it over, you just move out. You just shouldn't renovate the house. If you spend a hundred thousand or several hundred thousand to renovate it, and then before long they take the land back to use, you'll have lost a huge amount.

Look at the front here, ninety-nine percent of the places are unoccupied, only a few buildings have people living in them. Some cars are parked inside, maybe people who came here to fish or just to hang out. Look at this area here too, there's a place where people are growing vegetables, and there's laundry hanging here. I guess someone has occupied this house too. Those who come first can occupy these good spots, and after you occupy it, you have to clear the weeds and such around it yourself. Of course, it's impossible to get something for nothing; you still have to put in a little labor. You can live a pastoral life here in such an expensive place as Xiamen; it's actually quite comfortable. Let me show everyone the full view of this whole area. It's right next to the Xiamen Garden Expo Park, this very plot of land. If there's anyone in Xiamen without a place to live, I suggest you can come here.

I really suggest you can come, I really suggest you can come here! You can also save this for later, and when you have nowhere else to turn, you can come here; at least you'll have a place to settle down!

Regarding the issue of housing, actually, do you know that in China, it's the mortgage that gives every middle-class family a massive headache? You carry it for thirty or forty years, and not only does half your life pass by, but it's also a very exaggerated and heavy burden because the housing prices in China previously had a very serious bubble.

Then a netizen said it like this: "He said the design of our country's mortgage is extremely clever. If you, as a homebuyer, stop making payments, you lose 100 points of your credit score, meaning you become a person with a record of dishonesty. Then, the bank might lose a little bit, losing the money you haven't paid back yet, and they will chase you to collect the debt. But the developer suffers no losses at all, right? If you don't stop payments, then as housing prices fall, you lose all your money, losing half of it, while the bank makes a steady profit because the loan was based on the original price. And the developer still suffers no losses. So whether you stop payments or not, in the end, it's all on you."

To bear the brunt of the housing price decline and such issues, and then the bank might suffer a little damage, like generating some bad debts if you stop payments, but the developer has no problems from beginning to end, and they can even leave the project unfinished. I think this is the comprehensive protection China provides for developers. When you buy a house, you really should consider this, right? Because this house is actually also an investment product.

But this developer can actually leave the house unfinished without bearing any responsibility, and can walk away without any losses. I think this is the most unreliable part, the most absurd part! This comprehensive protection for developers is really very exaggerated. And why can't these developers be treated poorly? Because behind the developers are the 'masters' (the powerful), right? You mean you can't let the 'masters' make money?

And then? Why is the Chinese Communist Party (CCP) not very afraid of banks having bad debts? Because the wool comes from the sheep! Banks in China are not private enterprises that have to bear their own losses. Ultimately, it is the entire Chinese society that has to bear the bad debts of these banks, so what is there to be afraid of? Alright, that is all for this episode. If you would like to support me, please join the membership channel. Also, I especially hope to be able to answer some insightful questions from everyone during the live streams and have some real-time interaction with you all. That is it for this episode, and we will see you in the next one.