More than 23 million people are unemployed; another massive wave of layoffs is coming.
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- Опубликовано: 30 сен 2024
- #Chinainsights
The Chinese economy continues to be sluggish, and unemployment has swept across the country. All industries are facing unprecedented survival pressure. Every year, tens of millions of graduates enter the job market, but job opportunities are extremely limited. Nowadays, security guards are getting younger and younger, and even deliverymen are graduate students, but there are only a handful of jobs to choose from, which brings great survival pressure and uncertainty to people.
More than 23 million people are unemployed; another massive wave of layoffs is coming.
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As an american i work as much as i can. People get lulled into a false sense of job security. Nothing is guaranteed in life. So i work hard because i never know if i may be in a difficult situation with no job later. Better to work extra hard and make sure you are financially sound.
They will kick you out nevertheless if they want to reduce costs.
Chinese also work hard. This is fake actors and all bs
@@bendranski6882 That's why it's best to make as much as you can. Keep your time off to a minimum. I always work with the idea that I could be jobless tomorrow or next week. Kinda sucks to live like that. But I don't wanna be caught short.
People waste so much time procrastinating over the weekend; I work a weekend to stay debt-free and fund my ROTH. People
tell me I work too much want they don't know is I don't want to work in my 70’s
Totally agree, you have to get when the getting is good, from March 2020 till November 2023 I work 12 hours a day 7 days a week, literally put my life on hold cause Covid make me realize there's no guarantee in job security, finally paid off my 2 family house, no debt, have a steady income even just from the renting of one part of the house so when everybody crying about how tough everything is nowadays I enjoy my leisure work, even if I get fired tomorrow I wouldn't care, also need to say that even before the Cove, I did regularly do overtime to save for rainy days, but now that I paid off everything I don't ever want to do overtime again, working 40 hours a week at home feel kind of semi retirement compare to how much I worked before 😂
CCP and xi is the cost of all this thing
You are a clown
Shouldn’t piss of half the world.
95% of the world is with China
It is the US who pissed most of the world.
Remeber when Japan GDP almost reached parity with US? US launched a massive trade war against Japan. This time it's china. But China is much more difficult to defeat since US does not control China's politicans like it did Japan's
"In 1987, Washington imposed 100% tariffs on $300 million worth of Japanese imports, effectively blocking them from the American market. "
@@mizutofu Why would the Americans buy Chinese goods if the Chinese steal cheat and bully America.
Do you want to help the guy who raped and stole from you ?
Efficiency is the new corporate buzz word which translates to one person doing the job of three people. Like the Chinese say, let it rot.
let it rot..go to philadelphia, LA, SF, tons of rotten people living on streets..not even funny
Oust XI jin Ping....
Remeber when Japan GDP almost reached parity with US? US launched a massive trade war against Japan. This time it's china. But China is much more difficult to defeat since US does not control China's politicans like it did Japan's
@@mizutofu Why would the Americans buy Chinese goods if the Chinese steal cheat and bully America.
Do you want to help the guy who raped and stole from you ?
Corporate efficiency means lay off workers and give executives a big bonus!
Let the remaining workers work harder and longer hours.
Well-deserved. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.
Cheap Chinese stuff is in every technical product you buy.
Feel sorry for Chinese losing jobs.
You can only blame the CCP and their evil regime.
Foreign investors left China because of the way they treated the world.
They don't respect based international law.
America wants to destabilize China but it's impossible. American regime is 10x worse. Look at Gaza and illegal sanctions. You are ba*******rddd
The so-called rules-based international order is US hegemonism.
@@DK-gj5sp Very true.
@@shundi4264 What you call US hegemonism is what allowed China to develop. What was China like before the US supported China's entry into the WTO? Who guaranteed freedom of navigation so that China and everyone else could trade with anyone anywhere?
But, not to worry. The US electorate has decided that it is not worth the cost to keep that up. The last US president who wanted to have the conversation, both within the US and in the international community, about how things should be done going forward after the Cold War, George H. W. Bush. He was voted out of office. That was over 30 years ago.
China and Russia want a multipolar world. They will get it. How did that work out for them when we had that situation before? It will be no better this time around. That situation was called imperialism, and China is poorly placed to handle that.
China's is the most vulnerable economy in the world in terms of trade, both imports and exports. To totally isolate China would not even take a whole lot of sea power, and there are several countries that would like to do that and have plans in place. I am not even talking about the US.
You have been listening to way too much CCP propaganda.
@shundi4264 consider this, for the past 35 years, the U.S. helped and improved millions of Chinese lives.
I'm sure you and your Chinese family enjoyed the help provided by the USA, while Russia took a CHUNK of Chinese land MANCHURIA. Not an inch of Chinese land taken by the United States.
THis IS A FACT, so where is the U.S. hegemonism toward CHINA?
Why Would Americans buy Chinese goods?
Would you buy products from your enemy?
Would you help your enemy destroy your country?
because they are very cheap. and the can replace thme with new ones and throw the old ones away.
@bendranski6882 Did you not read the comment? It's a rhetorical question. Over here in Taiwan, I don't buy MADE lN CHlNA either. That money goes over to China. Why would I pay to be terrorized by daily Chinese fighter jets circling the island?
But Americans still buy cheap goods from China.
Many Taiwanese companies had manufacturing subsidiaries in China, because production in China was cheaper than in Taiwan, e. g. Foxconn.
@@bendranski6882 "had"
7:46 That's massive even over 10 years for 290k people. What the freak
Give Taiwan control of your government and you might do better.
😂😂😂😂😂😂yiu go away clown
I honestly don't know how countries are going to handle a shrinking population. It's not as bad here as it is in other countries, so we get to learn from their trials and errors. But what is going on in China is due to economic mismanagement at the highest level PLUS a shrinking population. Double whammy.
Rice Farming is available for work for the unemployed 🇨🇳
Yes but that keeps getting hit by awful weather & floods, plus local asshat government taxes the movement of heavy farm machinery.
Deflation for China, Stagflation for Russia and inflation for everyone else. Merry Christmas!
Man, if you ever felt like you missed out on the 2008 Global Financial Crisis, fear not! The world sucks for everyone now. Inflation and growing debt/asset bubble in the West, deflation and a real estate sector collapse in China, brutal wars in the Middle East and Eastern Europe, a demographic crisis for everyone involved.
The world sucks.
Actually Russia is economy is growing so fast it's overheating
@@dasbubba841Thanks to science indoctrination 🎉🎉🎉
@@mizutofu Yeah, because they're cannibalizing their economy to fuel their adventure in Ukraine.
@@mizutofu wages are falling in Russia. That is not growth. Interest rates in Russia are also at 19%. Inflation is at least at the same level if not more. That isn’t growth, that’s shortages.
It's amazing that the world gave so much to China, the sad part is that the Chinese people are in the dark as to why all these layoffs. All because of one man Xi Jinping, he really did show the world how bad he reall is.
You are another clown
World took everything from China
Feel sorry for those who lost their jobs.
There goes about 15 years of economic progress and wealth creation. Anyone with the means will flee the country and the rest will move back to the countryside or scrape by.
Coming to you too.
Im so lucky with 29 im still debt free zero debt always pay on time . Im single but thats worth it
That thumbnail... 800 million people? That is 2/3 of the entire continental Taiwan population!
Welcome to clickbait.
This propaganda is part of 1.6B passed by congress
Decades of Tofu Dreg business mentalities lead to this.
With all the money that was made in the 80s, 90s, 2000s and 2010s....where did all the money go? Did these companies re-invest their profits to improve their businesses, actually pay out share and bond holders?
🤣🤣🤣to CCP
This is the only govt that works for their people, west is run by corporations and lawyers
Tech layoffs in US too. Maybe way too much overhiring in Covid?
The management is greedy and wants more profit.
😮😮😮ok fatburger
What do you expect when your country is ruled by someone with only elementary school qualification and acts like a bully?
Leave Donald Trump out of this!
@@davidbeppler3032 😂 I'm referring to Winnie the Xi or aka Shitler
@@davidbeppler3032that’s a good one 😂
@@flytoinfinityvivi Yeah, his university degrees are fake. Due to cultural revolution in China he couldn't study at all.
Rise up people of China
this video made during covid periode 2020-2021, hahahahaha. how creative you fake this as now situation. have a nice meal if you still have one, cause you making money from cheat each other😂
They could not SEE the problem coming !😂😑
Maslow's hierarchy of needs. When the bottom two cannot be met, the individual is in crisis. Then there is not a lot of attention given to all the needs levels above that. Then you can expect a whole societal upheaval, because 3, 4 and 5 are necessary for societal cohesion.
你们被裁员了 👍
恭喜恭喜🎉🎉🎉
Great news Diddy parties are going to destroy hip hop
..God is great 😅😅😅😅😅😅
Guess early 2000era we did told u guys being laid off dosent mean they are not good , but did u ppl listen ? Now why echoed back the same things back to us !
Exploding pagers and fake assassinations are going viral 😅😅😅😅
See how they read and speak with nice make up mostly from Taiwan.
100s of sxhools close every year in America and canada
God bless our little yellow men and women of China
The U.S. maintained its embargo on China during the Great Chinese Famine (1959-1961), discouraging other nations from sending food, confident that millions of deaths from starvation would ensure China’s permanent collapse. Even to this day, China gives equal priority to the welfare of all people inside and outside of the country.
Consumers worldwide are now frustrated with the influx of affordable goods from China. The British opium nearly did them in, and surely these tariffs on Chinese products will finish them off for good this time.
Meanwhile, China’s GDP growth is at 4.7%-a clear sign that the nation is finally collapsing.
You would not blame the US for millions of Chinese starved to death as Chairman Mao chose to give away food to the African instead of Chinese during great famine. Would you?
Ccp turning yuan into toilet paper 🧻
HAY WHAT'S THE PROBLEM WE HAVE WELFARE
Saladin has been spotted crossing the carpethian mts with 50,000 calvary 😅😅😅😊
it just shows that no matter how wealthy human is in terms of life preservation one will always find on what to brag of. I'm pretty sure, in the future, people will brag about how they are tired of not being able to die due to genetically engineered DNA that prevents blood clogging in our veins and infinite stem cells constantly, endlessly regenerating
Is there any such thing as Unemployment Insurance in China??
No, even if there was. There is no money to pay them out.
Yes, it's an option that can get paid out of the salary, but the municipalities are so broke, they make excuses not to pay it, and some company bosses have run off with the money anyway.
There is . But this is propaganda against China
@@Hellofa6irdlies and yiu are China hater
AI
A BS video
I can't believe how many companies are laying off employees. It's scary! I'm lucky to have a job now, but who knows what tomorrow brings? 😓
Chyna numba 1
My Chinese friends, only you can make changes.
exactly
Go away. America needs regime change
America wants change. Corporations need to go
Footage taken when stores are closed.
if modern women are not unemployed, they're also owing massive debts as most of them are borrowing money to sustain their so called "high standard of living". they still have a back up plan to search for a husband to support them. i'll only feel bad for men.
Not many women can rely on men paying off their debs.
Even better, women should have no freedom and get married off when they are 15.
dw idc
23 million of one billion is not bad. Thats 2.3%
Perhaps the Chinese Communist Party (CCP) needs to return to its original goal instead of striving for dominance. Start with basic wages.
The term "communism" comes from the Latin word "communis," which means "common." "Socialism" is often used synonymously and is actually considered a precursor to the communist end goal: the "ideal society." The basic idea of this form of society is community and equality. There should be no distinction between "poor" and "rich," and private property is largely handed over to the state. The so-called means of production, such as buildings, land, and machines, belong to everyone in common.
You are a clown
Which region? If it’s Shanghai and Beijing I understand that you have no saving, but smaller cities?
This is fake bs paid by Falun Gong and western agencies
Good Luck 🤞.
Put your trust in Jesus Christ because nothing is guaranteed. Pray to Jesus for grace and stay strong.
3% unemployment is not bad.
This is not the real number. In reality people have to go back to the rural villages and cannot be counted anymore.
Bit this is paid propaganda against China.
Well there is always work as a CCP street protester. Flexible hours, exciting work, pay isn't great, but there is a good possibility of getting free room and board.
I don't think there are many street prostets in China, because police will intervene soon.
Finding out that the hardest work you will ever do in your life is the effort that you put in to avoid work!!
Laid off employees, start your own company backed by the government. Don't depend on anyone.
The real reasons China is losing jobs in manufacturing comes from the financial problems in other countries are too large to endure and maintain. People are in so much debt and feeling the rate of stress related to possible unemployment they may not recover. The job recovery market is no where near in sight will lead to really bad times ahead to say the least. Younger adults age 35 and under have come to the realization they are likely never going to have family and marriages are looking at no homeownership may live with their struggling parents who if layed off are not going to find the same sustainable employment that can cover home related expenses. It being destroyed for them. The older people are facing serious problems with the government who is their unwanted landlord wants to scam them for higher property taxes makes life difficult keeping a home. Something has to give because consumers are not consumers in drowning debt and dragging the economy down. China is facing low export future with a west falling off the financial cliff. Depopulation is assured for many countries facing very difficult living circumstances they can’t afford to have.
With so many enemies in the west, China is growing at 5%
Debt wise, China debt to gdp i think not worse than US debt to gdp . 😅
They are building their country with debt, USA does wars. Real debt in USA is 129T not 36
China is following the footsteps of Japan. in 1987, the United States imposed 100% tariffs on $300 million worth of Japanese imports, primarily electronics. This was a significant escalation in the ongoing trade tensions between the two countries.
The tariffs were a retaliation for Japan's alleged violations of a trade agreement regarding semiconductors. The move was intended to pressure Japan to adhere to the terms of the agreement and to address concerns about unfair trade practices.
China want to have it this way. They want to be independent.
@@bendranski6882 China can't become independent because Japanese people always have innovation unlike the Chinese. Our government has instilled in our education to cheat , steal, and copy .
And China is a socialist communist country.
We already know it never works and never ends well.
While in japan, they invaded the entire Asian region but regretted it after their surrender, thanks to the Americans, and then Japan declared to never use the military again to invade another country. It's engraved in their constitution.
Yiu are a clown
Daily propaganda doses
🇨🇳
Lol, this isn't 2014 anymore wumao. It's 2024 and the world sucks for everyone, China included. An imploding housing bubble in the US in 2007 nearly brought down the global financial system and left the US economy devastated for years. You think an even bigger housing bubble imploding in China will have NO effect because.... Xi said so? Because China will get larger into infinity? Like Japan right?
Welcome to the new age little pink.
Authoritarian governments like China and Russia North Korea Iran always govern using propaganda lies, slopaganda
US propaganda reflects its political anxieties and its profound insecurities about its own failures and decline.
Paid by CIA and Falun Gong and part of 1.6B passed by congress
0:55 an age limit in a society which will become Top3 oldest in the world in two decades, lol
HAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHA)))).....
YANKEEDOODLEDUMDUM'S DONT KNOW WHAT ANY 10 YEAR OLD CHILD ACROSS THE GLOBE CAN WORK OUT THAT 23 OUT OF 740 MILLION IS 3.1% LOL .... 4.3% IN USA 6.0% IN EU LOL))) ...
HAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHAHAHAHAHAHOOOOHOOOOHOOOOHEHEHEHEHAHAHAHAHAHAHAHAHOOHOOOHOOOHOOOHAHAHA))))