发布时间：2022-09-15 16:39:00 浏览:
China's economy is failing though. In july unemployment was at 5.4% and now it's almost 20%.
Ah yes, all these videos on Chinese economy collapsing...
The Chinese economy is actually in economic free fall right now. Chinese youth unemployment just hit 20%. Their housing market is in free fall. Their currency is barely hanging on.
Theres also the fact that most economic statistics are fake and the government itself has even admitted this a few times. So what you are seeing is the inflated fixed version, the real version could be worse...
Youth unemployment was 19.9% in July, it was 19.3% in June. This has not been a free fall.
World average is 18% before this year.
Youth unemployment rate is high because most youth are in school. It's a much smaller base than older adults
Yes. And it is deeply skewed, because the best, brightest and most useful are - mostly - in school. The pool of youths who are out there looking for a job, are heavily skewed towards dropouts and people who have finished high school and not gone on to learn a trade or get an education, and who are too young to have work experience.
Is it actually a bad thing to have house prices go down? I thought that house prices in China are massively inflated.
Even here in the UK, houses are too expensive compared with incomes. I would like the prices to come down to make them affordable to live in, rather than just being investment assets for wealthy people.
Chinese economy is in shambles. They are barely holding it together. Everything is currently being propped up and I'm pretty sure all these YouTubers were talking about evergrande default which will have massive implications worldwide
China has no inflation.
you are incorrect in your assessment. The United States has about a 3% inflation rate yearly. That’s considered safe. I find it hard to believe that China has zero inflation
China’s economy will not crash, it will slowly decline painfully until the bubble pops
If things were to get really tight for China, it could still sell the government bonds from the usa.
Or am I wrong?