What you need to know about China's ambitious debt swap plan
#1

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#2

There has been too much emphasis on GDP growth in the past, which has caused Local Governments to compete by investing excessively using borrowed money. So, "only when the tide goes out do we discover who has been swimming naked"


Omi.. Thank you for bumping up the message.
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#3

(12-12-2024, 08:53 PM)teaserteam Wrote:  There has been too much emphasis on GDP growth in the past, which has caused Local Governments to compete by investing excessively using borrowed money.  So,  "only when the tide goes out do we discover who has been swimming naked"

The reason why they need the GDP growth is without it the unemployment especially youth unemployment shoots up.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#4

(12-12-2024, 09:52 PM)sgbuffett Wrote:  The reason why they need the GDP growth is without it the unemployment especially youth unemployment shoots up.

AI said slowing economy is just one of the many reasons why youth unemployment rate is high,  The other reasons are

Over-education:
    A large number of young people are graduating with university degrees, exceeding the available jobs requiring such qualifications, leading to an oversupply in the white-collar job market.
Skills mismatch:
    The skills acquired by many graduates may not align with the requirements of available jobs, leading to difficulty finding suitable employment.

Strict labor laws:
    Companies are hesitant to hire new graduates due to stringent labor laws that make firing employees expensive, leading to a preference for more experienced workers.

Cultural expectations:
    A cultural emphasis on prestigious, high-paying jobs can lead young people to reject lower-skilled or blue-collar positions, further contributing to unemployment.

"Lying flat" trend:
    Some young Chinese people are opting to avoid intense work pressure by choosing not to actively seek employment, contributing to the rising unemployment rate.


Omi.. Thank you for bumping up the message.
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#5

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#6

SGTOK WUMAO DAWGS PANIC LIAO CUMMING IN  Laughing

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#7

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Pundek babi Bumiboy the ultimate amdk arse lickers stooge’s keep barking woof woof and sucking your daddies beloved dogs lmao mental stupid hor correct or not arse lickers stooge’s 
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#8

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