pull down to refresh

Point of no return: crunch time as China tries to fend off property crashwww.theguardian.com/business/2022/aug/28/crunch-time-china-tries-to-fend-off-property-crash-global-economy?CMP=share_btn_tw
52 sats \ 2 comments \ @satup 29 Aug 2022 bitcoin
write
preview
related posts
0 sats \ 0 replies \ @cryptocoin 29 Aug 2022
The economic conditions in China are certainly deteriorating.
Youth employment tracks those aged between 16 to 24 years old. July is the graduation season, and a large number of graduates entered the labor
The most educated generation in China's history is facing a setback as about 15 million young people are estimated to be jobless, and many are lowering their ambitions.
The young population are losing the faith in private companies and is willing to accept lower pay in the state sector.
China's youth jobless rate hits a record high of 19.9% amid Covid pandemic https://www.business-standard.com/article/international/china-s-youth-jobless-rate-hits-a-record-high-of-19-9-amid-covid-pandemic-122081601139_1.html
reply
0 sats \ 0 replies \ @itsrealfake 29 Aug 2022
Back in global financial crisis of 2008-09, China rode to the rescue of the world economy with a 4tn yuan stimulus.
Umm.. i thought that was how they avoided addressing the real estate bubble then. I don't remember it being hailed as 'riding to the rescue' but maybe i wasn't paying enough attention then.
reply