: 2E59 A14F 698F EBBA 
What’s different this time around is that young people have never experienced such a drawn out slowdown. And it comes as they face fewer job prospects and higher costs of living.
Deze collectie tonen
As China’s Communist Party celebrates 70 years in power, it faces a very big challenge: a worsening economy that has left some people wondering China’s best times might be behind it.https://www.nytimes.com/2019/10/02/business/china-consumers.html?smid=nytcore-ios-share …
-
-
-
It’s a new unease that can be found across China, from the glittering business capitals of Shanghai and Shenzhen to more working-class places like Zhengzhou, an industrial metropolis of 10 million
Deze collectie tonen -
In Zhengzhou, Wang Junda works on a short-term contract at a complex where Apple phones are made. He worries that he will never make enough. “Whatever you earn is never enough to match your spending,” he saidpic.twitter.com/9Dlk2sbaeV
Deze collectie tonen -
At a mall downtown, Wang Li is among a dozen bored shopkeepers who sit on lawn chairs and stools, watching shows on their smartphones while waiting for customers. “Nothing is good,” she said. “It’s not just this one type of business. Every kind of business is not doing so great.”
Deze collectie tonen -
“Business is not good,” Cui Guowei, her boss, complains. “I’m so worried I have a headache.” He’s been running his business selling towels, water bottles and keepsake mugs for more than ten years but these days things are worse than before.pic.twitter.com/a1kOWnRgBv
Deze collectie tonen -
In Shanghai,Mengjie Wu and George Gao have a mortgage and loans to pay off and rising living costs. So they are considering putting off the ultimate act of consumption: their wedding. “We haven’t decided if we will do it yet because it is not a small cost. We won’t do it soon.”pic.twitter.com/facibSbYMh
Deze collectie tonen -
These concerns pose an immediate challenge to China’s leadership, which draws its legitimacy from the wealth and confidence of the Chinese people. Read more herehttps://www.nytimes.com/2019/10/02/business/china-consumers.html?smid=nytcore-ios-share …
Deze collectie tonen
Einde van gesprek
Nieuw gesprek -
-
-
Stop wondering. Start believing. China has one direction only, down.
-
As long as Western Globalist do not infuse China with capital and intellectual property eg Apple
Einde van gesprek
Nieuw gesprek -
-
-
Good article. It's worth noting that Henan saw some of the worst suffering during the GLF famine and more recently HIV. Young people don't remember but their grandparents do and likely can give pretty hardnosed advise about how to hunker down.
Bedankt, Twitter gebruikt dit om je tijdlijn te verbeteren. Ongedaan makenOngedaan maken
-
Het laden lijkt wat langer te duren.
Twitter is mogelijk overbelast of ondervindt een tijdelijke onderbreking. Probeer het opnieuw of bekijk de Twitter-status voor meer informatie.