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Comments by "" (@thomasherrin6798) on "Chinese Economy: 50% Unemployment Rate? | Russia-China | UK-China" video.
Yes China is forecast to go through the same slump as Japan experienced but Japan was considerably more wealthy per person than China currently is so it won't be the same outcome!?!
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It's more near somewhere in-between anyway, it's not the CCP figures!?!
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It's tipping down with rain in the UK but we are happy as Larry because it's not 40 degrees and I can catch up with China update stuck in my armchair!?!
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Well they should replace the ageing part of the population for a start, but the aging part of the population don't have sufficient pensions (and pensions are being arbitarly reduced by the state) so they are unwilling to leave the workplace I suppose, everywhere you look in China problems are stacked high!?!
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.........China has chosen a troublesome path for itself to suit Xi's ideology, he is a good machiavellian politician but a very poor leader, but at the end of the day "it's all the West's fault" that is why there is discrimination and it's going to get worse as De-Risking will accelerate, there is no let up in China's push for World dominance, it might get a lot worse this has not been carefully thought out by Xi, mind he never thinks out anything carefully just what is in his own interests, running 1.4 million people with one bloke is going to be a roller coaster, there was a good reason why one leader should only serve two terms it goes to their head!?!
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The local governments have an incentive to give duff data to have more stimulus and the like so they probably don't know the true picture, and that's without high ranking CCP officials cooking the books for their corruption money, so data from the CCP is deeply flawed!?!
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Yes if there are no jobs like in rural areas there will be the futility factor, especially if it's closer to 50%, which it most probably is!?!
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