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Kenz300 x
China Observer
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Comments by "Kenz300 x" (@KJSvitko) on "Desperate Tears of Youth Amid a Quadruple Wave: Shutdowns, Job Cuts, Unemployment and Homecoming" video.
China's economy is much worse than people are reporting. Unemployment is rising. 16 -24 year old unemployment is over 40% Unemployed people are not huge consumers. They do not buy homes. They do not get married or have children. Individuals, foreign corporations and investors are fleeing cities and the country. Numbers reported by the government can not be trusted.
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Xi has killed the "Golden Goose" He has moved the country away from a market economy and back to a planned economy with government owned businesses.
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