This is a clever way to gauge discontent. Positive vs negative posts on China’s social media. The most negative cohort is the people born in the 1990s. They are in their 20s and very early 30s. Not financially established yet like those born in the 1980s. Those born in the 2000s are mostly still in school.
Why China stopped publishing youth unemployment: things are just getting too bad even with doctored statistics.
Real estate bubble is the size it is today because for over 20 years it has been a one way bet. Shanghai RE has gone up 12x and Beijing 10x in the last 20 years.
Even the biggest Chinese newspaper in Singapore is getting into the China doom loop.
@hanera assured me Singaporeans understand China the best and we from HK and the West are hopelessly biased against China.
The tweet says not publishing youth unemployment statistics is like “covering one’s ears while stealing a cow bell”. The dumb thief thinks no one can hear the bell just because he doesn’t hear it.
I wondered aloud 6 months ago how come no mainstream Western media talked about the huge economic problems in China. It is undeniably the biggest story this decade and the next.
Now it seems everybody is talking about China’s economic problems.
Those who believe that Chinese entrepreneurship and growth have thrived under a magical formula of statism ignore the role that Hong Kong played in providing the conventional pillars of market finance and the rule of law. Without this escape valve, China’s great economic success story never would have happened.
Hong Kong has been dragged away from the rule of law toward China’s “rule by law” – and this at a time of geopolitical tensions, deglobalization, and increasing economic insularity. New safe harbors have emerged, such as Singapore, but this time they are hosting economic refugees from China rather than performing the institutional functions that previously powered China’s high-tech entrepreneurship. Soon, China will feel the effects of no longer being able to outsource the rule of law and the other basic ingredients of innovation-driven growth, and it will pay a steep price for getting basic economics so egregiously wrong.
Another one of Xi’s great achievements is destroying Hong Kong.
Any news inlined with @manch’s worldview is the reality Is not that I know the reality, I didn’t bother to follow the news, definitely don’t care to dig deeper, I trust politicians would know how to work it out… always does for SG, I expect the same for … misplaced trust?
Hong Kong:
Went from poor humans to rich zombies to poor zombies. Instead of blaming themselves, always looking for scapegoats. This process is documented, search www.
Immediately, you know Huang is clearly not that objective. If he is a NUS professor, I might believe.
Are having Company International HQ in Singapore considered as institutional functions? BABA and TikTok have International HQs in Singapore.
Don’t make me scared. Two largest nations seem to be stale.
Xi is aware of the housing issue too late and hence took aggressive and risky action. He took a gamble. We have yet to see the full process played out. Many current Hong Kong people and ex-Hong Kong people are praying that whatever China did will fail… do you believe that? As Americans like to say, be careful what you wish for.
“China wife”. Do Singapore people all talk like Trump?
Well I wish your Singapore friend good luck with his Chinese investments. Although it doesn’t seem like he has much faith in China compared to US. Only 7% money on his China wife? And no confidence to increase it at this low level? Why even bother?
Is not that I know the reality, I didn’t bother to follow the news, definitely don’t care to dig deeper, I trust politicians would know how to work it out… always does for SG, I expect the same for … misplaced trust?
