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Chinese Economics Thread
- Thread starter Norfolk
- Start date
How about a NO. Youth unemployment in the G7 countries like Spain, Italy and other European countries have worse youth unemployment and that's without the so-called harsh or excessive government policies as you put it.
China at it's current iteration ought not to take advice from countries or people that have not and could not even lead/show a better economic performance than China. Seek truth from facts must and always be the driving principle and not what the west is doing therefore copy and paste.
AssassinsMace
Lieutenant General
Isn't it that Peter Zeihan guy that's been saying China is about to collapse in a month? I've never watched any of his YouTube videos but now I'm seeing a lot of his videos showing up on my YouTube homepage spelling out doom for everyone else?
He is one of the co-founders of Stratfor with George Friedman. Geopolitical forecasting using a model based on navigable rivers and suchlike. A reasonable model in the 19th century, less so in the internet age.
Post in thread 'Breaking & World News! III NO DISCUSSION!!' Breaking & World News! III NO DISCUSSION!!
Your response was funny and poignant the first time I read it and it's still funny today.
supercat
Major
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Deleted member 23272
Guest
Eh, first off I do not know why you're using Spain and Italy as comparisons, since despite their awesome cuisines and generally being fun places to vacation, neither have been known in recent history for their competent governance or innovation. Plus you mention G-7, lets look at their youth unemployment rates.
Judging by this list, your argument that most of the G7 have worse youth unemployment than China doesn't hold water. And if that were the case, does other countries having worse youth unemployment negate China's current issue? More to the point the aforementioned countries are all already advanced economies enjoying strong social safety nets, while China is not such a country. It is still a developing country where every moment in its development counts and to already have a lost generation before reaching high income status will hurt that development path. Not saying China has a lost generation right now, but some of the government's policies in the past two years haven't helped and hopefully get tweeked so that the economy can start growing again, and youths can find jobs.
youth unemployment is interesting. what's the youth labor participation rate?
Can't find youth alone for China, but here's the overall labor participation rate.
Overall for the US:
~62% as of 2022, close to the youth rate.
Note that unemployment isn't the total number of people without jobs, it's the number of people who are without jobs and are looking for jobs. There is a large population of people who just gave up and stop looking for jobs, or are unemployable You see many of them here.
