Labour Unrest in China: Chinks in the System?

Notwithstanding the iron curtain that China has made over its media outlets, increasing labour unrest in China is coming out as the economy is trying hard to recover from the unprecedented Covid pandemic shock that bruised the Chinese economy badly. However, labour unrest is not new to China. The country has been exposed to labour… Continue reading Labour Unrest in China: Chinks in the System?

Unemployment Rate at Historical Highs, China Heading Towards Social Instability

BEIJING, CHINA -MAY 30: Office workers wait in line to show their health codes and proof of 48 hour negative nucleic acid test, outside an office building after some people returned to work, in the Central Business District on May 30, 2022 in Beijing, China. China is trying to contain a spike in coronavirus cases in Beijing after hundreds of people tested positive for the virus in recent weeks. Local authorities have initiated mass testing, mandated proof of a negative PCR test within 48 hours to enter many public spaces, closed schools and banned gatherings and inside dining in all restaurants, and locked down many neighborhoods in an effort to maintain the country's zero COVID strategy. Due to improved control and lower numbers of new cases and reduced spread, municipal officials from Sunday permitted the easing of some restrictions to allow for limited return to office, resumption of public transport, and the re-opening of many shopping malls, parks, and scenic spots with limited capacity in some districts. (Photo by Kevin Frayer/Getty Images)

While China claims to have exceeded expectations to enter the fast lane of full-fledged economic recovery, the production of key electronic products declined significantly, showing uneven recovery. At the same time, the youth unemployment rate is approaching historical highs, coupled with various challenges such as debt risks and slowing global growth, indicating that China‚Äôs economic… Continue reading Unemployment Rate at Historical Highs, China Heading Towards Social Instability