**Title: China’s Economic Downturn and Rising Unemployment: Strategies for Young People**
**Description:**
In this video, we discuss the growing economic downturn and geopolitical crisis in China, which has led to a significant increase in unemployment rates among young people. According to recent statistics, the urban youth unemployment rate in China exceeded 20% for the first time in April 2023. This alarming trend has left many college graduates struggling to find employment opportunities.
As a result, young Chinese people have devised innovative methods to make a living in this challenging situation. One popular strategy is for them to return home and become “full-time children or nannies” to their parents. By living with their parents and contributing their labor in exchange for financial support, these young individuals hope to continue their studies and ultimately achieve their career goals.
With an estimated 40 million college graduates from 2020 to 2023, many of whom have experienced the pressures of both the pandemic and a decline in the job market, this video explores the reasons why the role reversal of children taking care of their families has become their last resort. It also sheds light on the impact of China’s competitive education system and the diminishing value of a college degree in the current job market.
Through interviews, real-life examples, and discussions on social media platforms, we delve into the challenges faced by young Chinese people and the choices they are making to navigate this difficult economic landscape. Join us as we explore the impacts of China’s economic downturn on its youth and discuss potential strategies for future success.
For more insights and updates on China, follow us on Facebook: [EyesOnChina](www.facebook.com/EyesOnChina).
**Keywords/Tags:**
China, Beijing, Xi Jinping, Xi, Chinese Communist Party, CCP, Communist China, China insights, China economy, China insight, China politics, lie flat, lying flat, full-time daughter, full-time children, China employment, China unemployment, China graduates, Gaokao, China youth, Young Chinese, pray buddha, China lottery
(Source: [China Insights](https://www.youtube.com/channel/UCC8M-hkKbVmeq_-j8rqE8Sg/videos))
#Chinainsights#lyingflat#chinanews
With the economic downturn and geopolitical crisis intensifying, 17% of Chinese companies have started laying off employees, and 43% of the companies surveyed plan to lay off employees or stop hiring in the coming year, leaving fewer jobs for young people. What should they do in such a situation? Young Chinese people have come up with various new tricks to make a living.
Move No. 1 is to return home and become a “full-time child or nanny to one’s parents”
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Young people china fight for freedom, replace çpp leaders to avoiding poverty
They need rethink apply knowledge and create new opportunities
China is a big country, are these things local problems. I mean there must be so much opportunity there as its such a huge place.
They can get 50 cents a post if they're working with CCP Wumao Army. But is the job not hiring anymore?
What’s wrong with taking care of the family if there is such a need? Nanny/private nurse/chef all need to be paid. If one’s job doesn’t get higher pay than employing someone to take care of the family, then he/she better take up the job of taking care of the family! After all, who will have a more caring heart for the elderly? a family member or a nanny?
Find faith, that's not ok with the ccp, ummmm
Doesn't matter what country,…people are amazing.
But most people are easily influence and gullible. Which then allows evil among them to flourish.
Even if you don’t need to eat, your income will never enough
I am very impressed at how the students in this video carry themselves and talk and reason. Goes to show not all Chinese "Netizens" are moronic simpletons swallowing everything their government tells them.
Overpopulation leads to more competition and more scarcity of resources. There will eventually be a crash as more people will be living under poverty, more illness and death, more suicides, and people will stop having children as they realize that it causes more hardship to raise a family under poverty. It is already happening in the West. In Japan, there are more suicides and people are also not having children anymore. China will also see the same trends soon. Indian will have more people starving, malnourished, and ill due to pollution and other factors.
Good lesson for young people . Life is not rosy at all time
Become a farmers
I guess I’ve been lying flat my whole life then
Ah yes, crack down on capitalism until your pseudo-communist bullshit fails and then resort back capitalism to fix your problems. The unending cycle of stupidity never ceases to surprise me.
So… Asian families are living together again like they used to and the American perception of living on your own entirely just after schooling is a ridiculous scam all along? It just means more renters and less resources saved within the family itself overall. I don't understand how so many people got hoodwinked into thinking this is a good system.
Move number 20 squid games
Is the narration a computer-generated voice?
Everything has been really hard for millenials, they cant even afford buying a house, let alone rent a decent large apartment with a regular job. Zoomers already seem to have given up lol
When the old peope in China die off, the young will find some relief. But only if they do not make any more children.
Chinese people always dramatise everything and come up with the names for these "phenomenon"that. the rest of the world knows for 100 years.
I love this channel, it's hilarious hearing things happening in China then realizing that Americans are better at this still lol
Labor income is a proposition that's getting worse and worse in the long run. Economies are ever more based on asset ownership.
I found this to be good news except for no. 4. Stuck in a job just to make money kills innovation from a individual and leaves them at the mercy of a boss. Young people shouldn't be forced/shamed into traditional roles.
This sounds almost like NYC the past 5 years. My gen Z siblings arent moving out of my moms house, its unaffordable and they refuse to do what i do, AKA work everyday and spend like 80% of my income on rent. They're smarter. They refuse to buy into the illusion we bought, and go into debt for a degree without a guaranteed job. They both work, help my mom with bills and maintenence, and have helped her renovate the house to suit them as adults now, since my dad died and they have a little extra space now. ❤. The kids are smart. They have both started their own businesses. They saw student loan debt issues with my mom and I and refused to deal with it. They're showing us the way. I feel like we should study them more.
is china creating an "artificial" unemployment to pay low salaries?
Seeing such figures makes me wonder why are they still encouraging birth
good job.
this is what happens when you devalue your youth
USA LIARS PROPAGANDA
USA IS COLLAPSING
THANKS GOD
Helpless situation all over
👉Look at what these useless governments have turned us into!!!!! Since when taking care of our parents was a full time job, and working for the government, AN OBLIGATION????????????😳😳😳😳😳😳😳😳😳😳😳😳😳 When were the roles reversed??????? How do you consider living at home, a job??????? S0orcerers are ruling the world , leading people to worship money against the DIVINE norms of long life!!!!!😡😡😡😡
This is a country I dont want to survive with, It just feels dystopian to me
Come to Islam and the one & only god to seek solution for all your troubles
Education doesn't change your fate no matter where you live. It's a way for the rich to keep you chasing the carrot. Education is BS.
Come to the USA Chinese men!
Tang ping😺😺❤️🛏️!!!! Tattooed on my arm!
The true value is the young Chinese. Lay flat but stand up.
same thing here in u.s./west
If the government abandons people, families have to take care of each other
Not enough jobs, so why is China worrying about a population crisis? Less kids should be a good thing, its the only thing that will make labor value go up
even with retirement at 50 there still isnt enough jobs for young ppl
wtf ☹️
THESE CHINESE PEOPLE ARE GAYS, THEY CAN`T EVEN FIGHT. FRENCH REVOLUTION IS THE KEY TO GET OUT OF CCP
Maybe stop reproducing.
Ok how the *beeep* do the parents afford to support their children that are grown, i mean you need to buy them food and clothes and pay extra energy bills and so forth.
I thought living at home with parents with a job was bad lol
Westernisation of chinese people by way of gambling, fun with girls will destroy china and its people.