Chinese Economics Thread

[BlackWindMnt]

All of you calm down. China announced the calculation is being revised as the reason for the pause. It will be resumed soon enough.

Some people here exagerate and say this is China responding to informational warfare. Well, hiding make things look worse, so that is not helping. Maybe the reality is simple, it is a short pause while debate on the method for calculation is ongoing.

You know who really cares about this not publishing statement Chinese diaspora in the west or Chinese that interact with westerners its a potential loss of face etc etc.

My tip for the chinese youth just wait till you're 25 if im not mistaken the joblessness drops to a normal 5%

 

[ansy1968]

You know who really cares about this not publishing statement Chinese diaspora in the west or Chinese that interact with westerners its a potential loss of face etc etc.

My tip for the chinese youth just wait till you're 25 if im not mistaken the joblessness drops to a normal 5%

Bro I have a story to tell, my daughter after graduating in 2020 work for a year in my cousin factory to learn the rope BUT she didn't stay long because for her that job isn't interesting and will not help her grow so I told her to stay at least a year to give me face.

After leaving, she just hang around the house doing nothing for 5 months and is VERY picky in her choices, declining a job offer from SHELL and P&G. I ask her what's the problem, the compensations are good, its a multinational firm and good job is hard to come by due to the pandemic. Her answer shook me to my bone, she said she know her worth and that company didn't offer more, so it is a generational change, young people now a days are more confident knowing they had the skillset. And you know what happen after, there is an opening at LSEG (London Stock exchange Group) and they offer her a job she likes and almost double the pay and compensation. Moral lesson we should be more trusting and patience in our dealings with our children because we know we equip them the necessary skills and knowledge to survive in the real world.

 

[Fedupwithlies]

Bro I have a story to tell, my daughter after graduating in 2020 work for a year in my cousin factory to learn the rope BUT she didn't stay long because for her that job isn't interesting and will not help her grow so I told her to stay at least a year to give me face.

After leaving, she just hang around the house doing nothing for 5 months and is VERY picky in her choices, declining a job offer from SHELL and P&G. I ask her what's the problem, the compensations are good, its a multinational firm and good job is hard to come by due to the pandemic. Her answer shook me to my bone, she said she know her worth and that company didn't offer more, so it is a generational change, young people now a days are more confident knowing they had the skillset. And you know what happen after, there is an opening at LSEG (London Stock exchange Group) and they offer her a job she likes and almost double the pay and compensation. Moral lesson we should be more trusting and patience in our dealings with our children because we know we equip them the necessary skills and knowledge to survive in the real world.

Good for her!

 

[ansy1968]

Good for her!

Yup after getting an earful from me for 5 months. and you know what Bro,, its unfair ,I'm still paying for her transportation cost because she prefer using my car instead of hers.

 

[BlackWindMnt]

Yup after getting an earful from me for 5 months. and you know what Bro,, its unfair ,I'm still paying for her transportation fee because she prefer using my car instead of hers.

Some things just never change i guess...

 

[ansy1968]

Some things just never change i guess...

Until she get married ,from her lifestyle and outlook in life I think I have to wait a long long time to see it happen.

 

[In4ser]

My tip for the chinese youth just wait till you're 25 if im not mistaken the joblessness drops to a normal 5%

No they should keep striving and learning to adapt to a new environment. Young Chinese have gotten too comfortable for long periods of mostly uninterrupted growth and expected the government to deliver them guaranteed job security and comfort. No one should expect handouts as it creates complacency and narrow mindedness. Encourage them to take risk and not be like Japanese salarymen or Korean graduates expecting handouts because of social expectations. Risk and success always go hand in hand, the greater the risk the greater the opportunity for success but too little risk and you risk stagnation.

 

[ansy1968]

No they should keep striving and learning to adapt to a new environment. Young Chinese have gotten too comfortable for long periods of mostly uninterrupted growth and expected the government to deliver them guaranteed job security and comfort. No one should expect handouts as it creates complacency and narrow mindedness. Encourage them to take risk and not be like Japanese salarymen or Korean graduates expecting handouts because of social expectations. Risk and success always go hand in hand, the greater the risk the greater the opportunity for success but too little risk and you risk stagnation.

Correct bro, A little bit of bitterness is good for once health.

 

[Petrolicious88]

All of you calm down. China announced the calculation is being revised as the reason for the pause. It will be resumed soon enough.

Some people here exagerate and say this is China responding to informational warfare. Well, hiding make things look worse, so that is not helping. Maybe the reality is simple, it is a short pause while debate on the method for calculation is ongoing.

Right there’s point hiding it, pause on releasing the data, or whatever people want to call it. Average Chinese knows what’s going on. They talk about it with family and friends. They understand what’s going on with employment.

 

[Michaelsinodef]

Right there’s point hiding it, pause on releasing the data, or whatever people want to call it. Average Chinese knows what’s going on. They talk about it with family and friends. They understand what’s going on with employment.

Nah, assume that the average person is stupid, regardless of country.

Rather than have this data that can be parroted around by people (including people and 'media' in China), just stop posting it and revise it to something more representative or useful.

Afterall, it makes dumb people think that 20% of 16-24 year olds are unemployed, yet the real number is like closer to 7% with the measure used (the number is from not counting like ~65% of 16-24 cuz they in school, so it's 20% of 35% which is about 7% not to mention the 'looked for a job within last 3 months and is ready to start immediately within 2 weeks' and in comparison the US is 'looked for a job within last 4 weeks and can start immediately')