China's fast-declining economy is hitting the wealthiest cities

Beijing published its government's October YTD finances on November 15. Although the numbers don't look bad overall, they can't hide China's drastic economic downturn. The wealthiest cities are especially hard hit. Data shows that the economies of China's rich cities and regions are declining faster than the national average.

2:31 Chinese government's October YTD financial results.
14:47 Guangdong's decline
26:12 Shanghai's decline
34:58 Tianjin's economic problems
42:34 Q&A
References：
http://gks.mof.gov.cn/tongjishuju/202311/t20231115_3916710.htm
https://www.youtube.com/watch?v=piOdTpauPW8
https://www.youtube.com/watch?v=v2f8k0eLf18&t=2s
https://www.youtube.com/watch?v=iKibQm75hV0

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