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China's real youth unemployment rate could actually be close to 50% - more than double the official rate
(www.businessinsider.com)
this post was submitted on 27 Jul 2023
208 points (95.2% liked)
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I would kill for the wage increases the average Chinese person has seen over the last decade.
Then move to China :) You can become an average Chinese person tomorrow, see how that turns out for you.
Average white guy in a Chinese city lives the life.
The real problem is in some of the poorer rural areas and low-tier cities.
You start from a smaller baseline increases are easier. The Chinese economy has very serious problems.
The whole globe is in the throes of a global financial and economic crisis, guy.