Chinese Economics Thread

[Michaelsinodef]

The number 21.3% is from the Chinese National Bureau Of Statistics. And it is record high, sir. You don't trust Chinese statistics?

Chinese Economics Thread

What are your objections exactly? He always comes across as even handed on most of his posts. Not to mention whatever you feel about him doesn't invalidate what he wrote. Even in the comments people from moderate Sinophiles like Ralph Litzinger to the hardcore pro-China nationalist like Cyrus...

www.sinodefenceforum.com

The 21.3% number is real, but it's just not 21.3% of ALL youths, the real number is closer to ~7% while US is at about 4% (the real US number is also probably higher lol).

 

[Biscuits]

Chinese Economics Thread

What are your objections exactly? He always comes across as even handed on most of his posts. Not to mention whatever you feel about him doesn't invalidate what he wrote. Even in the comments people from moderate Sinophiles like Ralph Litzinger to the hardcore pro-China nationalist like Cyrus...

www.sinodefenceforum.com

The 21.3% number is real, but it's just not 21.3% of ALL youths, the real number is closer to ~7% while US is at about 4% (the real US number is also probably higher lol).

Ty for linking this so I didn't need to search threads to find it again. Also yeah China has a little bit more youth unemployment than US, more on par with the better performing EU economies. That is also because expenses are better in China, and unlike in US, there has been no drives to create a child labor market.

The number 21.3% is from the Chinese National Bureau Of Statistics. And it is record high, sir. You don't trust Chinese statistics?

You should consider learning how to interprete numbers.

 

[Quan8410]

Ty for linking this so I didn't need to search threads to find it again. Also yeah China has a little bit more youth unemployment than US, more on par with the better performing EU economies. That is also because expenses are better in China, and unlike in US, there has been no drives to create a child labor market.

You should consider learning how to interprete numbers.

Ty for linking this so I didn't need to search threads to find it again. Also yeah China has a little bit more youth unemployment than US, more on par with the better performing EU economies. That is also because expenses are better in China, and unlike in US, there has been no drives to create a child labor market.

You should consider learning how to interprete numbers.

21.3% is the official statistic and it is record high for China. You don't need to compare it to US or whatever. Compare China with China, and China youth unemployment is rising and rising unemployment is not good, that's a fact. Whether it is 7% or 21% it is still rising and anymore is not good.

 

[pevade]

Two articles from a popular "rightist", incel, clearinghouse site: Zero Hedge:

China Bans Negative Economic Commentary, Mentions Of "Deflation"​

Please, Log in or Register to view URLs content!

The primary source for this one is FT, so...
However, is there even an inkling of accuracy/validity in their economic projections, or any bases in fact to the assertion of governmental pressure to avoid negative forecasting?

​

Bruh, there are metric ton of mentions of "通货紧缩" (deflation in Chinese if Google Translate is correct) in weibo.
I swear the people writing those articles are brain dead

 

[Minm]

21.3% is the official statistic and it is record high for China. You don't need to compare it to US or whatever. Compare China with China, and China youth unemployment is rising and rising unemployment is not good, that's a fact. Whether it is 7% or 21% it is still rising and anymore is not good.

You can't compare 2018 China with 2023 China without taking into account urbanisation and rising levels of education. The urban youth who are eligible to work are much worse today than they were even only 5 years ago because the best people today are all in education while 5 years ago more of them were working. 21% of the people who are unable to find a university that will take them are unemployed. Not exactly the best and the brightest

 

[tokenanalyst]

The number 21.3% is from the Chinese National Bureau Of Statistics. And it is record high, sir. You don't trust Chinese statistics?

16 to 24

 

[Biscuits]

21.3% is the official statistic and it is record high for China. You don't need to compare it to US or whatever. Compare China with China, and China youth unemployment is rising and rising unemployment is not good, that's a fact. Whether it is 7% or 21% it is still rising and anymore is not good.

7%. Alright we shall change the goalposts as you request then.

7% is more or less normal for the level of development China is at. This isn't the 1970s where people needed to find work ASAP to provide for their family.

Most of Chinese youth can comfortably afford just studying or taking a few years off working irregularly to decide what they really want. Thats hardly an isolated phenomenon. The economy is still booming and so are the markets.

Moreover, more and better skilled graduates come out every year compared to the previous, presumably because they have more time to focus on studies and preparing for an expert career, rather than being forced to go find odd end service jobs.

Saying we created x many jobs looks good for the government, but if those jobs are gig type jobs with no future prospects, then you're essentially wasting the potential of your youth.

 

[Petrolicious88]

Don't need to use personal attack. Who care about the west? When a problems arises, we need to talk about them, don't need to compare to the west to make us feel good. This forum is established to do that. Defining "talking like a Westerner". Presenting evidence that I am talking about China collapse 24/7? Just look at my post history will prove you wrong. Mostly positive news. Btw, tphuang shares some of my opinions, are you accusing him talking like a westerner now?

Just cause Tphuang agrees doesn't mean you are right, and vice versa. No need to justify yourself based on other people's likes and dislikes, or ask people to check your history to look for all the positive news you posted about China. It's not a proof of loyalty. And who would you prove it to? To people on this forum ? Youth unemployment is a problem. It's ok to talk about it without being labeled a Westerner.

 

[vincent]

21.3% is the official statistic and it is record high for China. You don't need to compare it to US or whatever. Compare China with China, and China youth unemployment is rising and rising unemployment is not good, that's a fact. Whether it is 7% or 21% it is still rising and anymore is not good.

Different way of counting. Not comparable

 

[Quan8410]

7%. Alright we shall change the goalposts as you request then.

7% is more or less normal for the level of development China is at. This isn't the 1970s where people needed to find work ASAP to provide for their family.

Most of Chinese youth can comfortably afford just studying or taking a few years off working irregularly to decide what they really want. Thats hardly an isolated phenomenon. The economy is still booming and so are the markets.

Moreover, more and better skilled graduates come out every year compared to the previous, presumably because they have more time to focus on studies and preparing for an expert career, rather than being forced to go find odd end service jobs.

Saying we created x many jobs looks good for the government, but if those jobs are gig type jobs with no future prospects, then you're essentially wasting the potential of your youth.

I stick with 21.3%. 7% is something that is not widy used by the government. Also, the statistics are counting people who wants to find jobs, even part-time jobs, not people who are just studying or playing with no desire to find jobs, these groups is not included in the statistics. The figure means more and more people are struggling to find jobs, because job market is tight. If you seek job in Alibaba (I am an insider), I can assure you will receive lower wage than previously as a freshman but the number of applicant is still significantly higher. Many senior does not receive salary raise but few wants to leave. A booming job market should be the opposite as that.

You can't compare 2018 China with 2023 China without taking into account urbanisation and rising levels of education. The urban youth who are eligible to work are much worse today than they were even only 5 years ago because the best people today are all in education while 5 years ago more of them were working. 21% of the people who are unable to find a university that will take them are unemployed. Not exactly the best and the brightest

It is still problematic if these people cannot find jobs, even odd jobs. Massive source of unstability and a completely waste of resource allocation. If they cannot find job now, can they find job when they are older when they lost their youth and health? Who will provide for them?