Dubai's land finance dependency has always been understood, but I was surprised to find that the GDP is only 1 trillion RMB, and I verified that it is indeed true. With a permanent resident population of 4 million, both in total and per capita, it is roughly on par with a third-tier city in China like Changzhou. What you see is a huge scam; what I see is a great operation.

No wonder @cz_binance lives in Abu Dhabi, probably because Abu Dhabi has real assets (money, oil, political power), while Dubai is an outstanding "Fake it until you make it" story.

@grok fact check the video content, especially the data mentioned, and reply to me in Chinese.