Digging into China

https://video1-us-east.cloudokyo.cloud/video/v13/6a/17/de/6a17de45-7c50-4aa3-bb2c-d7d09747e09f/master.m3u8

Why Capitalism Isn't the Villain in China's Food Delivery Crisis

This analysis explores the struggles within China’s food delivery industry, focusing on Meituan’s role in alleged exploitation. Despite perceptions, Meituan’s profit margin is only 2.8%, with losses on delivery fees as rider payments exceed customer charges. Restaurants face high commissions and rent costs, driven by exorbitant real estate prices tied to government land finance policies. Consumers suffer from poor food quality, while riders endure grueling work for low pay. The core issue isn’t capitalism but systemic cost pressures, particularly high rent, which consumes 25% of restaurant costs compared to 8-10% in other countries. Low consumer purchasing power, with disposable income at 43.1% of GDP, exacerbates the problem. Solutions lie in reducing government-driven housing costs and improving wealth distribution, not targeting capitalists, who are tools of broader systemic issues.

Help me grow the channel by donating any amount through the link below—your support makes a difference!
https://paypal.me/DonXiang

Email me: DiggingToChina2020@gmail.com

Why Capitalism Isn't the Villain in China's Food Delivery Crisis || Digging into China

Digging into China