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Some analysis: The first major business cycle ever is hitting modern China hard an has people seriously freaked out. The price of houses never goes down some
by m0llusk 5y ago
Some analysis:
The first major business cycle ever is hitting modern China hard
an has people seriously freaked out.
The price of houses never goes down some still say.
Sure, so then your currency takes the hit.
This is going to be rough,
and combined with damage from tragic natural disasters
there is the possibility of unrest and change in China.
The references to avoid too much welfare, laziness, and lying flat
show the government is seriously freaked out
by the young generation simply not working
with the same frenetic pacing and lack of restraint
that used to be present broadly in Chinese labor.
Emphasizing Communist Party ownership of property
and management of the economy and riches
means a heavy hand will be used whenever deemed necessary.
It is also worth pointing out that this endorses health care access
and improvement of rural areas
but has not particular way of accomplishing this.
Also, the heavy hand and emphasis on hard work
is arguably in opposition to calls for innovation
which is often driven by people taking risks
in order to achieve great wealth
both of which are now strongly discouraged.