Two troubling trends in China: Missing Billionaires and Lying Down Youth
I knew that Jack Ma, founder of Alibaba, disappeared from public view, but didn’t know he w
as not the only business leader to get canceled by President Xi and the CCP.
Just Lie Down
I read about this “Lying Down” revolution in China in Sixth Tone. Many youth have given up. They don’t want to work from 9am to 9pm six days a week with little chance for promotion. Housing is sky high and wages are low (e.g. a network administrator might make $1200 per month while a condo may cost over $300,000 in cities like Kunming. In Beijing it’s more.)
As happened in Japan 10 – 15 years ago, the young have given up. They see no point in work. They don’t want to work as hard as their parents did. There do seem to be some differences between the problem in Japan and China. In…
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