Name: China’s Looming Crises | CNBC Marathon
Uploaded: 2024-05-01T14:17:29.000Z
Duration: 33 min 49 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

Chinese population has declined for the first

転換語

It is a big deal because it marks the end of this

China's ghost cities, or residential buildings

without tenants or construction that never

finished, have become visual metaphors for the

There was lack of trust among buyers, and that's

ultimately what led to a decline in demand and

therefore the downward adjustment of prices as

Since the end of 2022, China's urban youth

This is the age category from people 16 to 24,

about 96 million people, the statistics bureau

said. 6 million of those are still looking for

The second largest economy in the world is in

trouble. China is facing a growing list of problems

The world's second most populous country also has

Really quite disconcerting was the youth unemployment

figure. It hit a fresh record of 20.8% for May.

The issue was getting so much attention that China

altogether. China's youth employment rate now ranks

with several G7 countries that have notorious

problems with getting younger workers into the

India, the world's most populated country, has

also been dealing with a youth employment problem.

But China has prided itself on putting its

hundreds of millions of younger, well-educated

citizens to work, and the most recent data set a

record for the highest youth unemployment rate

Experts point to several reasons for the slow pace

of hiring for recent graduates, and China's

At a labor market transformation could have

impacted the recent youth unemployment rate in

China, and also the way the Chinese government has

been regulating some of the sectors that I

studied, including the high tech sector, could

have really serious impacts on the employment

My understanding is there just aren't the same level

So there's this imbalance in terms of supply and

demand, and then that that's made even worse

because of the Covid and the entire economic

Because of the overall economic slowdown,

businesses don't want to hire as many people,

especially not young people, because you have

to train them and you don't know if they'll stay

around. You don't even know if your business is

China's economy, along with other parts of the

A lot of Chinese wealth is tied to real estate,

and as the housing sector grew and grew in the late

20th and early 21st centuries, homeowners saw

That all reversed during China's zero Covid policy,

investment in real estate began to plummet from 8.3%

year over year growth in 2018 to a sharp decline of

Policies from Beijing forced property developers

like Evergrande to default on their debts and

eventually file for bankruptcy. Shares of

again on August 28th after a 17 month halt.

Consumer confidence has been declining since the

beginning of the year because people realize

that the post-Covid recovery isn't as strong

One area of particular weakness is the service

sector. Investment actually completed by the

tertiary industry, what China's National Bureau of

Statistics calls the service industry, has

tapered off in the last six months compared to a

year ago. Even imports and exports to and from

the country are down in most sectors, including a

23% drop in exports to the United States and a

21% drop in exports to the European Union in July

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China’s Looming Crises | CNBC Marathon

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