The phenomenon of large-scale unused space after office buildings, shops, residential buildings, and factories are completed: vacancy rates, brightly lit corridors and empty offices, entire floors of unfinished skyscrapers.
Xi Jinping arrived at Shanghai's Xijiao State Guest House 48 hours in advance to present his governing achievements to CCP elders, facing strong doubts from the elders regarding his policies.
预测显示，到2041年中国人口年龄中位数将超过50岁，人口老龄化和少子化趋势持续。
According to conservative estimates by Bloomberg, by the end of 2025, over 100 million of China's 1.1 billion adult population faced overdue debts, accounting for a staggering 10.6%.
On September 17, Evergrande Auto released its 2026 interim results, showing that the company has only 7 employees left, with total assets of approximately 182 million yuan and liabilities as high as 32.722 billion yuan. The company explicitly stated that it has exited the vehicle manufacturing business and has no intention to resume it, with the net profit for the first half of the year mainly derived from exchange gains on borrowings.
At 11:00 AM on September 16, 2026, Hong Kong Chief Executive John Lee announced the first five-year plan in Hong Kong's history at the Legislative Council. The plan consists of 7 parts and 28 chapters, totaling over 60,000 words, and proposes 22 major indicators, 5 of which are binding. The plan covers targets such as land supply in the Northern Metropolis, innovation activities, industrial development, students, and tourists, requiring relevant indicators to be completed as scheduled.
On September 14, 2026, the blogger filmed a nighttime on-site scene in a multi-story office building in Shanghai and found large areas of vacancy on some floors, with corridor lights still on and no one inside the offices. The video shows that the brightly lit exterior of the building actually contains mostly public corridors, while the actual office areas are empty. Data released by several real‑estate consulting firms for the second quarter of 2026 state that the overall vacancy rate of Grade‑A office buildings in Shanghai is between 22% and 23.5%. A JLL report shows the overall vacancy rate of Shanghai Grade‑A office towers at 23.5%, with 19.3% in the Central Business District and 27.1% outside it, meaning that for every four square metres, more than one square metre is vacant. This phenomenon reveals a supply‑greater‑than‑demand situation in Shanghai's office‑building market.
A Wuxi netizen posted that their mortgage exceeds the house price, and they still owe the bank after selling the house; many people in the comments section shared similar loss experiences.
The video points out that the downward pressure on China's economy continues to increase, sparking widespread concern. Experts express worry, believing that China's economic growth model has reached its end, and the past growth pattern relying on investment, exports, and real estate is no longer sustainable. China's economy has entered a stage of slowing growth, prominent structural problems, and a severe external environment. In recent years, the CCP has placed more emphasis on security and ideology; tightening regulations on the tech industry, intervening in the real estate market, and tensions in relations with the United States have all brought uncertainty to the economy. Structural issues such as an aging population and the wealth gap also pose threats to the economy. The CCP government has realized the problems and proposed countermeasures, but the effects remain to be seen.
Kazakhstan's President Tokayev visited Shanghai and met with Xi Jinping at the Xijiao State Guest House. The two sides held talks, and Tokayev expressed his support for the wise leadership.
Bloomberg reports show May retail sales dropped 0.6% year-on-year, while fixed asset investment shrank 4.1% in the first five months, leaving consumption and investment stagnant.
On April 25, 2026, the blogger went to the Zhaoxin Hui office building in the core business district of Shenzhen for an on-site visit. The building has a grand exterior with 61 floors, but the blogger found that floors 21 to 60 were almost entirely vacant, and most floors were still in shell condition, with only the ground floor and the 61st floor finished. In the video, the blogger questioned why a skyscraper built with huge investment is largely idle, implying that the developer may have issues with cash flow or project progress.
按已建成未售房屋和在建潜在库存计算，中国房地产库存总额约93万亿元，约对应8000万套待售房屋。
According to data from the 2026 Two Sessions, the national statutory debt balance will exceed 108 trillion, and combined with hidden liabilities, it will exceed 2 trillion, highlighting the local government financing vehicle (LGFV) debt crisis.
标普称中国核心城市阴跌已形成恶性循环，预计2026年房价还将下跌2%至4%。
标普下调中国新房销售预期，预计2026年销售量或继续下降10%至14%，销售额可能降至不足8万亿元。