The Chinese government, facing an expected seventh consecutive monthly increase in youth unemployment, said Tuesday that it had instead suspended release of the information.A point of reference too often ignored between the RRW and the rest of us: the RRW suppress data, or make up 'alternative facts', when data contradicts the will of the Dear Leader. Said Will simply rules by fiat to make rules that in turn make life easier for Dear Leader and his acolytes. Just as any mob boss, Xi Donjon follows the same course. He lied about Covidiot Infection™, and of course the Big Lie of 2020. Here's an early example
The unemployment rate among 16- to 24-year-olds in urban areas hit 21.3 percent, a record, in June and has risen every month this year. It was widely forecast by economists to have climbed further last month.
Throughout the campaign, Trump openly mocked employment data released by the Bureau of Labor Statistics and the Bureau of Economic Analysis as "phony" and "totally fiction." His tone changed when he wanted to take credit for a good jobs report. In March, Sean Spicer said at a press briefing that the President wanted to make clear that the unemployment rate "may have been phony in the past, but it's very real now."So, China has a serious problem. On the one hand, it's long since abandoned the One Child Policy, which recognized that infinite growth of population couldn't sustain. But it was abandoned. Now, Xi gets to reap the results.
As in every society since the beginning of time, the talented and ambitious move from the shithole countryside to the cities to find work which fits an educated citizen. China is no different.
Xi Jinping, the country's top leader, has called for young people to go to remote areas to find work — to "eat bitterness," a Chinese expression that refers to enduring hardship. [sounds a lot like Mao]Given that Xi Donjon's base is shithole county Rednecks, what do you think might happen?
But China's educated young people today want jobs with good working environments in fields such as the internet, education, culture and entertainment. Those jobs, for the most part, are not located in the countryside.
"College students do hope to go to big cities," said Nie Riming, a researcher at the Shanghai Institute of Finance and Law, a research organization.
As it happens, that first piece mentions Country Gardens, another builder near collapse. Of interest here, is that this situation is the result of CCP's insistence that people be, largely, restricted to 'home' ownership as 'investment'. Isn't working out. But, one need be careful: there's a powerful cabal here in the Red, White, and Blue that's been pushing the same notion for some generations. In case one has forgotten, The Great Recession was driven by that cabal.
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