Actually the real unemployment rate is somewhere around 20-25%. The government stopped putting out the numbers because they were so bad - and that is after they were massaged. The youth are so fatalistic that there is a huge movement called "laying flat." They are watching the wealth that their parents struggled to obtain over their entire lives being taken away in the blink of an eye through disasters, corruption, and outright theft. They see no need to follow in their parents footsteps so they have essentially checked out. They do not want to get married or have children. China's population is in a death spiral.
The infrastructure is literally crumbling due to corruption that has led to tofu dreg construction. The real estate financial bubble they built that is around 35% of the country's GDP is imploding - it is one big ponzi scheme. A huge amount of all water is polluted and undrinkable. Food is being counterfeited with all manner of adulteration. They really don't have the money for ambitious belt and road projects and countries that have made deals are realizing they did not get what they were promised. Ask Sri Lanka.
Years of communist control have eroded all morality and ethics - it is every person for themselves. Xi's agriculture policies are decimating food production and poverty in rural areas is rampant. Much of the technology they have presented to the world is fake. They have a national propaganda machine that is far worse than the West - if that is even possible. They are a paper tiger attempting to show their teeth to the world. China is in bad shape. The face they show is not the reality.
Apparently the unemployment rate is around 15% even in cities like Shanghai.
Actually the real unemployment rate is somewhere around 20-25%. The government stopped putting out the numbers because they were so bad - and that is after they were massaged. The youth are so fatalistic that there is a huge movement called "laying flat." They are watching the wealth that their parents struggled to obtain over their entire lives being taken away in the blink of an eye through disasters, corruption, and outright theft. They see no need to follow in their parents footsteps so they have essentially checked out. They do not want to get married or have children. China's population is in a death spiral.
The infrastructure is literally crumbling due to corruption that has led to tofu dreg construction. The real estate financial bubble they built that is around 35% of the country's GDP is imploding - it is one big ponzi scheme. A huge amount of all water is polluted and undrinkable. Food is being counterfeited with all manner of adulteration. They really don't have the money for ambitious belt and road projects and countries that have made deals are realizing they did not get what they were promised. Ask Sri Lanka.
Years of communist control have eroded all morality and ethics - it is every person for themselves. Xi's agriculture policies are decimating food production and poverty in rural areas is rampant. Much of the technology they have presented to the world is fake. They have a national propaganda machine that is far worse than the West - if that is even possible. They are a paper tiger attempting to show their teeth to the world. China is in bad shape. The face they show is not the reality.