One in five Chinese aged between 16 and 24 is now unemployed and unwilling to spend. Young people also have few opportunities to speak out.
In the middle of Yan’an Road in central Shanghai on Halloween, a man dressed as Chinese literary hero Lu Xun launched into a speech.
Frustrated, disaffected and unemployed, Shanghai’s youth threw themselves at Halloween this week to vent their frustration in the only way they legally can: by having fun. “I imagine they are extra sensitive to any public gatherings at the moment,” said Dr Altman Peng from the University of Warwick in England. “The regime is likely to impose more restrictions on public gatherings and target people who use the occasion to express political opinions.
Capital Economics estimates economic growth since 2019 is 6 percentage points lower than the official GDP data based on factory, property and consumer figures. Harvard Business School associate professor Jeremy Friedman said China’s economic slowdown and youth malaise could ultimately be blamed on decisions taken by its government.
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