From a video posted on X shows a banner criticizing Chinese President Xi Jinping in Xinhua, Hunan Province (Glare makes banner translation difficult)SpyNavy
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
YMBII:
Youth unemployment on the rise in China as more graduates enter the labour market
Joblessness among 16- to 24-year-olds reaches a high under revised calculation system that excludes students
Strikes hit China’s property, manufacturing sectors as growth slows
Labor disputes reflect disparities in the country’s social safety net
https://asia.nikkei.com/Economy/Strikes-hit-China-s-property-manufacturing-sectors-as-growth-slows
China Labor Bulletin- Strike Map February 2024 to August 2024 All locations, All Industries
China Unleashes Rapid Drop in New-Home Prices With Relaxed Curbs
At least 10 cities relaxed, removed new home price guidance
New projects in Beijing, Shenzhen have also slashed prices
Bloomberg has paywall
Quoted excerpt:
In a key socioeconomic planning meeting concluded last month, the government vowed to improve the social security system by addressing the restrictions faced by migration workers. In response to the country’s aging population, it added that the statutory retirement age — currently 60 years for men and between 50 and 55 for women — would be raised gradually and voluntarily. Of course, there has been no centrally-planned civilization in history that managed to raise the retirement age either “voluntarily” and without clashes, violence, and collapse in social cohesion, precisely the three things that Beijing fears the most.
“For China’s urban workers, the talk of raising retirement ages is felt as a delayed, if not broken, promise of social welfare coverage,” said Zhou.
Which is precisely why Beijing will have no choice but to blink in the end, and that will mean unleashing a much delayed stimulus bazooka that likes of which have not been seen yet.
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From a video posted on X shows a banner criticizing Chinese President Xi Jinping in Xinhua, Hunan Province (Glare makes banner translation difficult)