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" Economically, they’re doing significantly better than their parents." Are you sure about the really young cohorts? AFAIK youth unemployment in China is so ba
by inglor_cz 3y ago
" Economically, they’re doing significantly better than their parents."
Are you sure about the really young cohorts? AFAIK youth unemployment in China is so bad that they stopped releasing the stats.
- janalsncm 3y agoYes. Even taking the last two years into account, China has gone from a gdp/capita of under $1000 to over $12000 in just 20 years. Thats equivalent to jumping from an Ethiopian economy to a Russian one in the span of a generation. China has poured more concrete since 2000 than the rest of the world combined prior to 2000.