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Yes, I'm in China. I'm glad I can share this with you. Overall, living conditions are definitely a bit worse than in previous years. The main signs are that pe
by link98 2y ago
Yes, I'm in China. I'm glad I can share this with you.
Overall, living conditions are definitely a bit worse than in previous years. The main signs are that people's incomes have dropped, job opportunities have become fewer, and expectations have worsened. For the IT industry, there are more 996 companies.
The Chinese people are very hard-working, so at the moment this doesn't cause serious social problems. But the uneven distribution of wealth will worsen, and people at the bottom will have a harder time.
Regarding Evergrande, there are a lot of people who can't get their houses because of this, even though they have paid for them. The government has also made some efforts to try its best to have these houses finally delivered. Houses are very expensive, so this is a very hard time for them.
Regarding ai, the ai-related industries in China are developing very rapidly and there are more job opportunities. For example, Xiaomi Group is recruiting deepseek employees with a salary of 10 million RMB per year.
However, due to the uncertainty of ai companies, the high threshold and the large number of unemployed people, it is not easy to find an ai related job.