Agreed. Pushing back retirement age will help no one in China right now. When labor conditions become tight (and they eventually will), that is the right time to push back retirement age.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
What is the issue with China economy?
The unemployment rate was 4% in 2018 vs 5% now so I don't see a problem with the unemployment. The GDP growth rate now is about the same as pre-pandemic.
or is the western media hyping up the negativity when in reality there is no problem?
The unemployment rate was 4% in 2018 vs 5% now so I don't see a problem with the unemployment. The GDP growth rate now is about the same as pre-pandemic.
or is the western media hyping up the negativity when in reality there is no problem?
There are real issues/problems, but are overall manageable.
It's just classic western media overhyping problems basically, like they always do.
There are longer term concerns (mostly labor market), but right now and for the forecastable future, there's no healthier economy that could aim to take over China's #1 spot. "concerns" are more like fears of long term slow down rather than actual economic loss.
Chinese economy is not in vacuum but is connected to the world economy which is very bad right now, at the gist of recession. There are also some internal economic problems, but I believe the worldwide problems are more impacful.
China's employment pressure is likely greater than the government openly admits. you can tell by the fact that the government pushes some of the graduates towards the countryside. its also quite natural that as the economy slows down so does the job market. remember currently China is getting a record number of graduates because these people would have come from the baby boom 20 years ago.
I think unemployment problems are mainly about degrees of the graduates. Most unemployed people that western media cite are from financial, arts and liberal science. I never heard of unemployment from STEM.
Chinese should have regulate university both public and private faster.
Chinese should have regulate university both public and private faster.
It's crazy right?
They write articles like this:
Invoking stuff like Qing dynasty, phrases like "fealty to Xi"
Then you have something like this about Canada
Which in many ways is mirroring the issues in China (i.e. Real Estate prices and debt)
Granted the 1st article is stated as an opinion piece, but I'd really like to know if Global Times is talking about the impeding economic crisis in Canada and inevitability of collapse of the system due to disloyalty to the leader Justin Trudeau and ignorance of progressive gender policy.
That is what I noticed.
Regarding China policy of Western governments, some of them have replaced sound policy with wild rhetoric.
I personally think that the crazy and often bellicose talk is just a deflection, to hide this theory or idea of our Comrade Chang that to contain and beat China, that that narrative has collapsed.
All we really have to show for it at this stage in the game, is a lot of butt hurt American officials and those groupie Altanticist in Europe, who are probably more butt hurt.
We get 10 stories about how Western companies are leaving China, but maybe 1 story about how the German car companies are integrating more with Chinese companies and the China market. Guess the automobile industry is not important to Europe.
supercat
Major
Any article that compares China with Japan can be safely ignored as biased shilling. Even by the time China's per capita GDP approaches that of Japan's, I'm not sure if it's appropriate to compare the two, considering China's population, market size, innovation, entrepreneurial spirit, productivity growth, and manufacturing prowess.
The world's first expo of international supply chains just opened.