Chinese Economics Thread

D

Deleted member 23272

Guest
Youth unemployment is still high in China, in no small part due to the private sector crackdown in the past year. Hopefully along with zero COVID being eased, some of the government's other excessive policies can be withdrawn as well.

Please, Log in or Register to view URLs content!
 

Bellum_Romanum

Brigadier
Registered Member
Youth unemployment is still high in China, in no small part due to the private sector crackdown in the past year. Hopefully along with zero COVID being eased, some of the government's other excessive policies can be withdrawn as well.

Please, Log in or Register to view URLs content!
How about a NO. Youth unemployment in the G7 countries like Spain, Italy and other European countries have worse youth unemployment and that's without the so-called harsh or excessive government policies as you put it.

China at it's current iteration ought not to take advice from countries or people that have not and could not even lead/show a better economic performance than China. Seek truth from facts must and always be the driving principle and not what the west is doing therefore copy and paste.
 

Maikeru

Captain
Registered Member
Isn't it that Peter Zeihan guy that's been saying China is about to collapse in a month? I've never watched any of his YouTube videos but now I'm seeing a lot of his videos showing up on my YouTube homepage spelling out doom for everyone else?
He is one of the co-founders of Stratfor with George Friedman. Geopolitical forecasting using a model based on navigable rivers and suchlike. A reasonable model in the 19th century, less so in the internet age.
 

Topazchen

Junior Member
Registered Member
D

Deleted member 23272

Guest
How about a NO. Youth unemployment in the G7 countries like Spain, Italy and other European countries have worse youth unemployment and that's without the so-called harsh or excessive government policies as you put it.

China at it's current iteration ought not to take advice from countries or people that have not and could not even lead/show a better economic performance than China. Seek truth from facts must and always be the driving principle and not what the west is doing therefore copy and paste.
Eh, first off I do not know why you're using Spain and Italy as comparisons, since despite their awesome cuisines and generally being fun places to vacation, neither have been known in recent history for their competent governance or innovation. Plus you mention G-7, lets look at their youth unemployment rates.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!


Judging by this list, your argument that most of the G7 have worse youth unemployment than China doesn't hold water. And if that were the case, does other countries having worse youth unemployment negate China's current issue? More to the point the aforementioned countries are all already advanced economies enjoying strong social safety nets, while China is not such a country. It is still a developing country where every moment in its development counts and to already have a lost generation before reaching high income status will hurt that development path. Not saying China has a lost generation right now, but some of the government's policies in the past two years haven't helped and hopefully get tweeked so that the economy can start growing again, and youths can find jobs.
 

FairAndUnbiased

Brigadier
Registered Member
Eh, first off I do not know why you're using Spain and Italy as comparisons, since despite their awesome cuisines and generally being fun places to vacation, neither have been known in recent history for their competent governance or innovation. Plus you mention G-7, lets look at their youth unemployment rates.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!


Judging by this list, your argument that most of the G7 have worse youth unemployment than China doesn't hold water. And if that were the case, does other countries having worse youth unemployment negate China's current issue? More to the point the aforementioned countries are all already advanced economies enjoying strong social safety nets, while China is not such a country. It is still a developing country where every moment in its development counts and to already have a lost generation before reaching high income status will hurt that development path. Not saying China has a lost generation right now, but some of the government's policies in the past two years haven't helped and hopefully get tweeked so that the economy can start growing again, and youths can find jobs.
youth unemployment is interesting. what's the youth labor participation rate?

Please, Log in or Register to view URLs content!

In 2022, the July labor force participation rate for 16- to 24-year-old men, at 61.7 percent, was little different from the prior year but down by 1.5 percentage points from 2019. The July rate for young women, at 59.2 percent, was also little different from a year earlier but was 1.2 percentage points lower than in 2019.

Can't find youth alone for China, but here's the overall labor participation rate.

Please, Log in or Register to view URLs content!

  • China Labour Force Participation Rate dropped to 68.1 % in Dec 2021, compared with 68.3 % in the previous year.
  • China Labour Force Participation Rate is updated yearly, available from Dec 1990 to Dec 2021, with an average rate of 73.7 % .
  • The data reached the an all-time high of 79.2 % in Dec 1990 and a record low of 68.1 % in Dec 2021.

Overall for the US:

Please, Log in or Register to view URLs content!

~62% as of 2022, close to the youth rate.

Note that unemployment isn't the total number of people without jobs, it's the number of people who are without jobs and are looking for jobs. There is a large population of people who just gave up and stop looking for jobs, or are unemployable You see many of them here.

RTX4HYUW-1200x800.jpg
 

chlosy

Junior Member
Registered Member
Separate topic. If China announces it would only pay for its oil and natural gas imports in yuan or the currency of the exporting country, is there enough supply to cover this assuming the gulf states do not go along?
 
Top