Unemployment Growing Among Chinese Youth


Armstrong Economics Blog/China Re-Posted Jul 15, 2022 by Martin Armstrong

Unemployment among the youth (16-24) in China has reached a record high of 18.4%. Unemployment is drastically more prevalent in this demographic compared to the nation as a whole where unemployment sits at 5.9%. Youth unemployment tends to be higher in most nations, with the US posting a 7.8% unemployment rate for the youth and the European Union reaching 13.9%. While our models indicate that China is on the rise, the strain on the labor force will slow the trajectory.

The Bank of America believes youth unemployment in China will rise to 23% in the coming months. They also believe unemployment for the nation as a whole will continue to rise. Young people flock to the cities for employment, and there are simply not enough jobs to meet demand. The requirements to enter college surpass most nation’s standards and numerous teens have taken to social media to complain about the harsh selection process.

China is now encouraging new graduates to seek work in the less desirable countryside, as over 10 million students are set to graduate in the coming weeks. The government is offering incentives to those who choose to work in the country as well.

“For college graduates who start a business in the field of urban and rural community services, policies such as preferential taxes and fees, one-time entrepreneurship subsidies, and guaranteed loans for entrepreneurship shall be implemented in according with regulations,” The Ministries of Education, Finance, Civil Affairs, and Human Resources and Social Security stated. Businesses in these areas that agree to hire new graduates will receive government incentives as well.

The problem began with the pandemic and lockdowns. The zero COVID policy rule has slowed China’s progress toward becoming the financial capital of the world. Small businesses, and businesses in rural areas, were especially affected by the lockdown policies. Additionally, hiring in the tech field has declined after President Xi placed new regulations on that sector. The primary jobs offered in the countryside include hospitality, real estate, and healthcare. Options for remote work could increase the ability for the youth to live and contribute to life outside urban areas. China must find a way to employ these new graduates with no prior experience before the situation worsens.

China’s Extreme Lockdown Measures


Reposed form Reddit

Taiwan & the Risks


Armstrong Economics Blog/China Re-Posted Jul 6, 2021 by Martin Armstrong

QUESTION: Mr. Armstrong; I take it you see China retaking Taiwan in the years ahead. I read your latest report. With your expertise, how do you see that unfolding?

Thank you for your guidance

KJ

ANSWER: China would most likely use its DF-16 – a short-range ballistic missile which Taiwan would have extreme difficulting in preventing them from getting through their defense net. They would target all military installations and possibly take out Taiwan’s airports and that would probably be followed by surface troops landing on their shores. China has its H-6 bombers and J-16 fighter jets, which would wipe out its naval force.

China would then launch several rounds of intensive cruise missile attacks, such as the YJ-91 and CJ-10. These would be launched from both land and sea. This would further target all military bases, ammunition depots, communications infrastructure, and key road junctions. If the PLA did not surrender, since the US and Japan will NOT come to their aid,  then they would use artillery strikes from surface ships and land-based rocket forces to annihilate the PLA’s resistance. I suspect they could take Taiwan in less than 2 weeks. They have been conducting major military exercises.

I do not believe that China is interested in wiping out the infrastructure or the means for economic commerce in computers. The question would be that the West will probably then look to create a competitive chip production to prevent reliance on Asia for computer technology.

Chinawood


Posted originally on GrrrGraphics.com on JUL 2, 2021 AT 10:13 PM

Bruce Lee’s daughter harshly criticized Quentin Tarantino for a scene in his movie, “Once Upon A Time In Hollywood.” She said her father was stereotyped in fight scene with Brad Pitt. Tarantino acknowledge her right to criticize, but essentially told the other ‘woke’ critics to take a hike. This was the right thing to do, otherwise the criticism does not end and creativity is destroyed. 

I like Tarantino’s over-the-top revenge movies, but I disagree with the leftist director politically. Still, it’s good to see someone in Hollywood willing to stand up to the woke mob. Bill Maher is another who is pushing back against the humorless hectors who want to shut down comedy and creative freedom throughout America’s entertainment industry. The worst thing is what John Cena did. He delivered a disgusting, groveling, and sniveling apology to the communist Chinese simply because he called Taiwan a country. It is. 

The Chinese Communist Party has become instrumental in funding Hollywood studios and theaters. In exchange they demand editing rights over scripts. Naturally, they remove anything that does not portray the communist Chinese in the best possible light. They will not allow positive comments about the Taiwanese or Tibetans. Both Chinese and American audiences are subjected to Chinese propaganda in movies.

In 2012, the ChiComs successfully influenced a remake of the movie, ‘Red Dawn.’ The Chinese were the invaders in the second movie and the communists can’t stand to be shown as the bad guys. Hollywood didn’t want to lose the large and valuable Chinese audience, so the antagonist was changed to North Korea. The ChiComs still blocked the movie in their country anyway.

It’s not even ironic that China IS the country most likely to stage a ‘Red Dawn’ invasion in America. In fact, it’s already happening. China promotes division in the USA while stealing our military and corporate secrets. They helped the Democrats steal the election for Biden. Their spies are everywhere—in our military, security agencies, Congress, and especially in our colleges. The Chinese are using political correctness and ’woke-ism’ to destroy what’s left of American culture. They especially want to do away with our Second Amendment.

The Chicoms want the USA to self-destruct. This will allow them to invade and take over more easily. China Joe is closely following that script

.—Ben Garrison