Beijing is in chaos, the system is unstable! It is truly unimaginably competitive now! 7.92 million CCP officials disciplined, how afraid is he!? Qiqi Baba TALK Episode 1016 20261031

This episode discusses the severe involution and wave of business closures across various industries against the backdrop of the ongoing downturn in China's economy. It highlights the depressed state of the physical economy, including catering, e-commerce, ride-hailing, and building materials markets, while analyzing the fierce competition inside the system and the political instability and governance crisis reflected behind the disciplinary actions taken against millions of CCP officials.

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Hello everyone.

Well, welcome to Qi Qi Baba, I'm Qi Qi. Hello everyone, the macro environment isn't good, you know, and I'm also preparing to start a side hustle. Going to the school gate, you know, going to the school gate to sell balloons. I heard selling balloons gets traffic. Now, salaries in public institutions are also hard to disburse normally; things haven't been normal for us since 2016. I mean, the current real estate situation, everyone is very clear about it, so I won't talk much about it. Wish me a successful start, and I also wish everyone great wealth.

I'm really surprised! They were still here eating a couple of days ago, and now, just a few days later, they've closed down.

Look over here, this is for taking the high-speed rail, just one person; over there taking the slow green-skin train, so many people. Ah, and so many went in. There's no one here.

Experience firsthand the desolation of Dashan, not even many cars at high noon. Look at this road, not a single car, everyone must be eating at home.

Today.

Eating a bit late! Eating two meals a day, can't even afford three meals anymore.

We're out of business, brothers, out of business. I didn't want to talk about this originally. Our warehouse used to have a team of over a hundred people, now only I am left. Let me show you, these goods are from I don't know what era. I've been doing e-commerce since 2020, and these remaining goods are probably what's left after moving warehouses time and time again, carrying them along. Out of business, look at these years of accumulated dust, out of business. E-commerce is just like this, when sales aren't good you want them to be, once they are you frantically stockpile, and after stockpiling you can't sell them, out of business.

I'm done, I'm done, I can't go on like this. Sold barbecue for two or three days, three or four days, people all said it tasted too bad, and I don't know what to do either. Anyone want to run a shop? Come take a look.

Beijing is going to fall into chaos, the system is unstable! The involution now is truly beyond imagination! 7.92 million CCP members disciplined, just how scared is he? Qi Qi Baba TALK Episode 1016, 20261031.

I can't bear to watch this anymore.

Borrowed two hundred thousand yuan in online loans to open a barbecue restaurant in Shanghai, what do I do with no business? There's nothing wrong with the ingredients either! Debt collection companies call me every day demanding repayment, what should I do?

Back in July and August, when I said business was terrible, I drew a big picture for myself, saying I would go all out in October. As a result, October is almost over, and while I didn't see any big results, I am sweating all over. Brothers, I surrender, I surrender to this market, I surrender with both hands. Having survived the off-season of July, August, and September, I died and fell during the peak season of October.

I really don't want to spread negative energy, but I really can't help but say it! Driving this car, one truly has no dignity. In the beginning, when I first entered this industry, my goal was to break 500 a day. Slowly, after a year, my goal became breaking 400, then 300. A while ago, my goal was to break 300, and now I can't even break 200. Our bottom line is sinking step by step; it's truly trampling on our dignity. We are taxis in Shenzhen, legitimate taxis, and with earnings like this, how are we supposed to support our families in Shenzhen? I don't want to hear you say, "If you can't do this job, then don't do it." If we don't do this, what else are we supposed to do, brother? We who drive taxis are all older; what else can we do? Can you point us to a clear path? It's 5:30 PM on October 27th, just take a look.

Take a look, this is how it is.

I really don't even have the strength to speak! I got in the car at 8:00 AM, and it's 5:30 PM, and you can't even break 200.

Damn, business this year is truly speechless. It's speechless to the extreme. I checked the turnover this year, and compared to the same month last year, the turnover has dropped by 3,000, uh, it's dropped by a third, and the number of customers entering the store has also dropped by a third. I don't know where the problem lies, especially after October 1st, this turnover, over 1,000 or 2,000, I, I, I, I sold over 1,000 or 2,000 in a whole day, sigh, it's truly speechless.

I'm with my son in the Wanda mall now, it's 8:50. I don't know if I came too late or if everyone has left. There's no one, and many shops are empty. Let me show you the clothing stores. Ah, there are beauties at the doors. Ah, there's no one, ah, there's no one. So, whether it's deflation or stagflation, when the economy is in a downturn, remember: cash is king. Don't think about investing. When the entire economy is in a downturn and the environment is bad, if you're still thinking about getting rich, you'll only end up on the credit blacklist, you'll only be not far from bankruptcy. Don't think about how to make big money or be a big boss now. Big bosses now are all drowning in debt. How do you do business like this? You tell me how? You tell me how? Ah? So it's not that you're not working hard, and it's not that you don't want to make money. You can't make it, you know? You want to get ahead, you want to strive, you want to work hard, but you'll only end up with a mountain of debt! If you lie at home, really, I'm not joking with you! If you lie at home for a year, it's more cost-effective than having the ambition to start a business. If you lie at home for a year, how much can you spend on food and drink? If you go traveling, eating, drinking, and having fun, how much can you spend in a year? If you start a business, 300,000 or 500,000 will be gone in the blink of an eye. Can you earn it back in a year? And if you invest 300,000 or 500,000, can you earn it back in a year? You can't, you really can't earn it back. Come, how do you do this business? How? You tell me. Sleep, baby, just sleep at home today, don't have internal friction, don't have guilt, sleep. Hmm.

I really can't understand the building materials market now, I can't understand it, I really can't. It's strange, such a big building materials market, take a look, it's empty, there's no one, where did everyone go? Does no one need to renovate anymore? Take a look, there are quite a few closed shops, but the ones that are open should be operating, right? I want to ask the bosses, don't you need to pay rent for your shops? No one is coming to the building materials market to buy things, where are your sources of customers coming from? One of the ten great unsolved mysteries, truly one of the ten great unsolved mysteries.

For those who haven't returned, don't come back. There's no one at home, not a single person. Let me tell you, if you're begging for food outside, don't come back, because if you come back, you won't even be able to beg for food. Anyway, since I've returned, I feel that it's very difficult to eat at home, you can't get food. You might not be able to eat meat outside, but at home, you can't even get a meal, ah, you can't even get a bite of steamed bun, so it's better to just keep struggling outside. Shocking.

Pennies. You have to beg people to come for a few pennies, I really can't hold on anymore. The hundreds of sheds behind me, and these hundreds of sheds behind me, no one will plant them next year, not a single one can be contracted out. And the celery we planted, dozens of acres, hundreds of acres, tens of thousands of catties, tens of thousands of catties, can't be sold.

Let me tell you something today. In today's society, saying this is by no means alarmist. Making money nowadays is truly difficult. Compared to the past, back then as long as you set up a stall, as long as you were a bit diligent and put in some effort, you could make money. Just last year, if you put in some effort, you could at least still have porridge to drink. But this year, even if you work hard, you end up drinking the northwest wind and getting into debt, while still thinking you've worked so hard and made so much money. Let me tell you, in today's society, if you don't have that economic sense, if you don't have someone practically guiding you—someone who is genuinely kind and has faith—well, didn't I say the same thing before? Love the motherland, love the people, love the Chinese Communist Party, have faith in your heart, and shed tears when singing

The competition inside the system is absolutely insane right now! Friends, you know how many people are desperately trying to squeeze their way in. The worse the overall economy gets, the more people want to get in to secure a stable meal. In this situation, you see, someone might have slightly better connections than you, or they might have given a few more gifts than you, and they might just snatch away a job from someone whose connections aren't as strong. Because previously, there were many positions within the system that others might have looked down upon, but now they have all become highly sought after; there is no other way. Especially since Xi Jinping came to power, more than 7.92 million people within the system have been disciplined. Yes, that many—from top to bottom, he has punished so many, friends, all of them have been disciplined; they were either replaced, demoted, or punished, and many even ended up in prison. But even in this situation, having reached this point, his power remains unstable, and the anti-corruption efforts have not been effective at all. Let's look at the rate at which the social security reserve fund is draining, and plus, all you friends should have an idea in your minds—it hasn't worked, the anti-corruption efforts haven't worked. And then, none of us knows to what extent that group in Beijing is prepared to centralize power before they will be satisfied. Alright, the above is the entire content of this episode. If you would like to support me, please join the membership channel, and I also especially hope that we can chat in real-time during member-only live streams or regular live streams. That's all for this episode, and we will see you in the next one.