China’s ‘full-time’ children
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A growing number of young adults in China have decided to become "full-time children" who are paid by their parents to handle household tasks. They see it as a temporary solution to a tough job market with few opportunities, low wages and long working hours. Even some young people with employment offers on the table have chosen to work for their parents.
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If the parents are rich and pay their own children to look after them why not better than hiring carers who can steal your stuff and treat you bad like the ones in uk in care homes or not.
@ I'm a full time son for 20 years now. Graduated in the top 1% in the university and Gaokao.
Full time child is the best job in China , average pay is about 6000 yuan a month . I'm earning about 100,000 yuan a month. $15,000 dollars a month
yes a lot of people send their children overseas for like 200k for 4 years just to come back for $2k a month or less. Might as well save 200k and handle parent's money.
@@dongshengdi773 You're joking right!?! 100,000 yuan a month for being a full time child?!? Your parents must be billionaires. But if they are billionaires wouldn't they hire outsiders to do these housework?
@@dongshengdi773 you have no dignity.
@@mastershredder2002 im guessing it's the parents fault raising child like him/her and idk why it bothers you esp at time like this with covid this time around.
Similar problems in America. Younger people are struggling to find suitable work for their skills and education. Our parents/ grandparents generations are having to stay in the workforce longer due to higher costs of living. meaning someone with maybe 5-7 years experience can't even start to move up to higher level jobs thus they stay in entry level roles longer. Then New / Recent grads can't find employment in their field so they end up working sometimes 2 or 3 lower paying part-time jobs to survive. Somethings gotta give soon.
Looking at the population trend, Possibly the job market
I stayed in a entry level job for about 2 years. It wasn't until after that, that I started moving up during the mass hiring/promotion years of Covid. Same for my friend. He was in an entry level job for 5 years before he finally found a much better job.
They can leave the workforce and give chances of headcount to younger. Yet these older people are also too selfish to give up their spots for new blood
@@bfshorts6443 the issue is that a lot of older workers can't afford to give up their spots either. Retirement / savings do not go as far as they used to meaning they have to wait longer to retire
@@bfshorts6443Agreed. Time for regeneration. Give the young people a chance. Also, pretty ironic that the older generations could and did enter job without prior working experience, received training, had "permanent employee" contract.. while younger generation don't have such experience during current job searching.
personally, I think the problem is the job expectation of college fresh graduate. They worried about low paying job with long work hours, strict work performance evaluation, and dead end in terms of careers progression, beside most of the job offers available for fresh graduate such as salesman are not related to their skill and education. Is not as simple as they don't want become "ordinary laborer", they want a job with a future that they can hold or use their skill and education that they already invested.
Would you accept a job offer as credit card salesman after you spent 4 years to study and get degree in Math? No. Even people around you expect you to land better job.
Agree, I mean when you pay that much and spend that much time for a degree, you wouldnt want to work “996" (9am to 9pm, 6 days a week, which is a very common work hour in china), But the thing is, in our parents generation university degree holders were a big deal, your expectations were met after graduation because society treated higher education as "more than the norm", the sad truth now is that every one is a uni graduate, you're nothing special compared to the literally hundreds and thousands of graduates who are job hunting as you, and when companies have more choice, they have the power to offer less.
Unemployment is a growing problem for young people everywhere. It is not just China.
You must not imply that the pristine Western world also has this concern. You should self-censor your own dangerous thoughts and never contaminate the image of the Western world, in particular the US.
@@leonardohuang Yes, it is like that in the West. People know not to speak anything that destroying perfect picture of the collective West.
This generation is spoilt and cannot keep jobs
Dunno why this is such a big deal. It's not like the children are not working; they are just working for different employers. Instead of going out to work for companies, they are working for their own parents. The net result is the same. If the children have a job working for others, they or the parents would still have to pay to hire others to take care of the parents so now instead of hiring others, the parents are hiring the children directly to take care of the parents. It's just displaced employment choices reflecting the slow-down of the Chinese economy.
"The net result is the same" The net result is not the same. These kids are NEETs, them working menial labour jobs that do not correspond to their education level at home does nothing to give them or further their experience level, all while being in the most prime employment age. When their parents retire, then the child will be old, with no experience and will be competing with a new generation of people - they will be at a great disadvantage, especially since by tradition, they are supposed to care and support their again parents. This shows China's labour market is deeply dysfunctional and will have a great deal of problems in 20 years if not sooner. These educated people will never have employment advancement and therefore economic mobility and that is a big problem.
@@serebii666 When these children are old, all of the jobs will be taken over by robots. Nobody would be working by then. China is the country or at least one of the countries that have the largest usage and number of robots. Robots are already parking cars in the newest international airport in Beijing. It is only a matter of time before robots and AI are working in all jobs. 40+ years is a long time and a lot can happen in terms of technological advancement. Today these children are in their twenties, the average working life is about 40+ years. In 40+ years when these children are at retirement age, everybody would be paid by UBI supported by wealth earned by robots. Nobody would care about education and/or experience so there is no problem.
People just need to adapt to new changes psychologically.
@@serebii666 It doesn't help that even with experience, those over 35 are out of the employment age too. Employment is generally bad overall. They either make much less for much more work (and still have an increasingly uncertain career path), or be a NEET.
Either way, I expect many of them to turn into China's version of Japan's lost generation.
I used to be a full time child in France from 18 to 24.
I worked for my parents' small business from the age of 5 to 16. Eastern European parents are more exploitative and harsh than any employer I've had since childhood. Nothing could have been more motivating for me to graduate from college and leave the nest!
But how many full time children are there though? Coz 4000 in a country of 1.4 billion is barely a blip.
As if their govt will let the figures out. The world knows their Covid fatality figure & they also asked not to publish data of unemployment due to rise in nos!
Heavy censorship 9:00 they won’t publish data even my comments r getting deleted 😂
We call them Hikikomori its very similiar because they spend more time in the parents home.
@@D.2601I put a comment on Tucker Carlson’s channel suggesting he visits China and got censored too.
0:39 4k represents the members on the full-time children's forum on Douban. The actual number of FT kids might be 10k times larger.
I’ve lived in Taiwan for 3 years and I noticed in the Asian culture, one is always a child as long as their parents are around, doesn’t matter how old they are. A lot of people don’t mature.
Especially people with privileged Childhood...
Hey. Watch out your mouth. I still pay all the bill's, ok
And in Western culture, kids are left to fend for themselves after they turn 18 increasing generational poverty. It is not as simple as you make it seem.
@@aaronp2542 I'm a full time son for 20 years now. Graduated in the top 1% in the university and Gaokao.
Full time child is the best job in China , average pay is about 6000 yuan a month . I'm earning about 100,000 yuan a month. $15,000 dollars a month
@@aaronp2542 yeah. I have seen so many struggling with minimum wage jobs with no hope for career advancement. While I studied for professional degree, didnt like it and went back to parents, unemployed for 2 years to pick up new skills and doubled my salary in another industry which I am much happier with. And I fully recognized how privilege this is.
I find it incredibly shocking and surprising how China and U.S are just so strikingly in contrasting. On one hand they have an abundance of unoccupied buildings (ghost cities is what some people calls it). In fact a few thousand of those cities already. On the other hand in poor U.S, everyone is starving in the streets homeless everywhere with no toIiets. My country India is in a similar position to USA with their amounts of people living in sIums.
The "ghost cities" are largely a misconception created by Western mainstream media who don't understand Chinese urban planning and like to perpetuate these jokes, so Westerners can look down on the CPC. Most of those cities eventually become occupied, it just takes time to move people there.
what a nonsense. the buildings are sold. there are people who want to buy buildings and there are people who use their money to go on holiday. nothing wrong
Have u been to the USA to say that? Been living here for years and never seen any homeless people. Probably in New york sa San Francisco, you may find some
Not sure why my comments keep getting deleted, but I just want to reiterate again that the so-called "ghost cities" eventually become occupied, it just takes time to move people in. The media in the Western world just don't understand China's urban planning and are all too eager to make a joke out of the country.
China economy is going down the reason is because there’s no work in China now. US still is still economically powerful than China. China controls media but there are Chinese who don’t dare show their faces exposing what’s going on in China now. Unemployment in China now is about 21% I’m in nyc the homeless are usually migrants, or those who have mental illness.
This isnt just a problem for chinese graduate its everywhere with the rise in population world wide jobs that pay well have not met up to the quota of people applying to them thats why even in america I'm a 2nd year college student but I hear a lot of stories about those who finished college even from top tier colleges they end up as a starbucks barista cause after 1000 of job application that is the only thing they can get
I have a few personal stories along what you have said. A person I know got a bachelor's in accounting after four years in collage, but didn't get the job he got in debt for. Still paying of the debt of his student loans. One of my math teachers got a PhD but ended up working in a hotel cleaning rooms before becoming a teacher. I would seriously advise you to look into taking courses into a trade or apprenticeship. Way more worth your time
There is a video from PolyMatter that might be of interest to you. It's called "how colleges broke America" or something like that.
It's called being unemployed.
Full time children might be the dream job everybody wants. Think of all the children who have taken over their family businesses and enterprises
How does a "next generation" arise out of this arrangement?
Full-time adult children usually live in urban-rural integrated towns where parents have a small business such as a convenience store, liquors store, or tea store. However, these families are not wealthy at all. Full-time children have very little pressure from their parents. Their parents do not force them to study hard or get a job in the urban area. Full-time adult children usually spend their time in their store to play cellphone games, watch douyin, and smoke cigarette. Full-time children also do housework when their parents need assistance.
lol not the cigarettes!!! Those are for the customers!!
6😅u😅8th 6
The 8😅5n76😮😅are @@catsNcode
How does a "next generation" arise out of this arrangement?
That actually sum up my life.
tbh that's slightly better than how you get treated here in the US.
Instead it's normal for parents kick you out as fast as possible as if you're just a burden and give you no support - as if THEY didn't choose to have a child.
I got forced out at 19 and almost ended up homeless on the street after I lost my minimum wage job. I would have loved to have the support of a parent. Instead I starved myself working full time and still couldn't make rent.
That's the example of bad parents not the US. I'm sorry for you. Hope you can work your things out
In asian level, if you intend to live in your parent's house you should prepare for mental fortitude as should as you could for any society activity near your parent's house.
At least getting kicked out from house, you no need to pay necessity and medical expenses for your both annoying parents.
Horrible parents. Once you become a parent, that’s your role for life. Because that kid if they decide to, might one day become someone’s parent.
I'm a parent.. I'm so sorry what you've experienced. If your parents haven't told you, I'm just gonna say... you will do fine.
It seems to be true here in the US and in China that there aren't entry level positions where a company is willing to train you. Entry level jobs now require 2-3 years of experience.
It took me 2 years before I was able to land my first full time job after college (it was freaking hard getting rejected from 100's of jobs every week, for over a year). I do understand how it might feel for some of these college graduates.
Working part time at a fast food restaurant or minimum/below wage job after college and getting rejected constantly is a huge downer and kills your motivation. You even start developing some nihilism and depression.
So, they want graduates to accept minimum pay. When the pay of the seniors are probably 2x more than that what was offered to the graduate.
Here in the U.S. my career starts at $20/hr-$35/hr. The $35/hr is if, you land a hospital job. While all other individuals that are elderly get paid $50/hr-and up.
The cost of living for a single individual is $74,000 in my state.
We are in the same struggle as Chinese Graduates.
Which state?
no, their struggle is far beyond yours. Currency rate can let you buy better quality products, while they may never have a slight chance at all.
@@Bivanqw Currency Rate is only effective outside of the U.S.
@@sumondutta1101 I said state because I did not want to say what city that statistic was for. Which would give away my location to some extent.
@@creatorofgods1668 Buying stuff in ebay or amazon still applies regarding country, if we have to buy apple or USA product, is times 4-6 times more while you pay the same rate.
Better to service your parents than a company , because your parents is owner of that company😊
In my case, I had to finance my parents for decades since they were and are still poor (thankfully retired now with small pensions). Would have taken care of them as full time child when I was struggling to finish my degree while working part time to pay for tuition.
And Cat
I worked for my parents' small business from the age of 5 to 16. Eastern European parents are more exploitative and harsh than any employer I've had since childhood. Nothing could have been more motivating for me to graduate from college and leave the nest!
as one of those full-time children, honestly, i feel ashamed of myself. now i take care of my grandmother at home, getting paid from my family. at the same time, i study at a local community colleage, preparing for transfer test to university. many of my friends have so-so jobs and i still wanna get a high education to get a better job compared to my parents generation, hoping one day i can be a English teacher or relevant careers. i know i'm not alone.
Instead of regulating the private industry little by little though sensible policy thoughout the years they choose to flip it upside down. Causing un presidented unemployment from the Education, Tech and building sectors these changes rippled though other sectors.
Every year there are fresh grads (2023 15million) but not everyone retire at the same pace.
Idk why English-speaking media is so obsessed with the full-time children stuff. It's extremely rare in China and basically just a meme
Obsessed? I live in China for 6+ years and follow quite some of the news on China and this is the first time I've heard news about ft children 😶
@@r0conscious this has happening for decades, but right now there is a job crisis in China which lead to more ppl becoming 'full-time' children. thats probably why
@@aintnowaybro.the media can’t decide whether the 1 child policy means not enough young people to fill jobs and will collapse china’s economy, or that there is a high unemployment rate in China 😂
Part of the reason is Americans are wondering why Chinese migrants are suddenly pouring over the border from Mexico into the U.S. Many of these migrants are middle class people. This story helps to explain what is going on in China.
unemployment rates for the younger generations just hit 46% lol
I can’t believe they’re actually blaming the kids for the problem! Smdh!
As a full time parent... i feel sorry for those childrens and their parents...
In a dead end economy and society, at least they are doing something.
@@maxiejohnson8356 they could learn how to become online seller while waiting for their desired job opportunity... at least that's more productive rather than become full time children...
@@maxiejohnson8356I'm a full time son for 20 years now. Graduated in the top 1% in the university and Gaokao.
Full time child is the best job in China , average pay is about 6000 yuan a month . I'm earning about 100,000 yuan a month. $15,000 dollars a month
How about if they both enjoy living together? Ik the video doesn’t say this but probably some do
Since many of these children are from one child families, the parents might be very happy to have their child stay in the same place they live. These young adults are actually helping the economy because they are letting the ones who really need to work to do the low paying jobs like delivery workers and store clerks.
14.9% modified rate is high. The government should tell what would have been the rate based on the original methodology. Now we have to guess, and I am guessing 15% new rate is equivalent to at least 20% old rate
I'm willing to guess the actual rate is strolling closer to 30% if a masters degree is now required to flip burgers there
Quite a sad state
Why are you everywhere
Thanks for posting this video. Very informative. I wish all the best to all involved.
Apart from Western countries it's not unusual to live with Parents.
They mention that in the video
In places like Italy high percentage of people in their 30s still live with their parents. Weak economy is world wide
@@siewbengwee4530in Asia it’s not due to a weak economy, but cultural reasons. Parents don’t want their kids to move out.
too few respects how much work it takes to maintain a home. That's why so many abuse the housewife when they don't have an external job or why others live in messy conditions. Only the rich can afford to pay maids etc to come in and do this work while the wise non-wealthy are kind and appreciative of this generally unpaid labor.
lives of parents, isn't that what the rich family kids do? It's been like that for forever for them, so why this become problem for middle income group?
In my country,, mostly job vacancy needs people below 25 y.o. for fresh graduate,, if you're 25 above you're old and the job u can apply requires many years of experiences 😂.. the only job available for all ages is sales representative (i tried and failed miserably 🗿)
Company will treat u whatever they liked and pay u under minimum wages because so many young people available can replace you any time
India?!
same thing is happening here in my country
Same is happening in my country 😭
I think this is great. The children look after their parents and get their living expenses taken care of. Its a win, win situation.
ccp needs to make new laws to abolish 9-9-6 and go to a 40 hour work week so then more jobs will need to be created from that. Then when people have weekends and home time they will have time for children.
I hear the PLA is hiring.
Here in SG I got some of these Chinese grads working as production leaders/ Sr operators. Was told that here in SG their basic pay ( around SGD1500 ) is higher than a Sr Engineer's pay in China and at the end of the month they are not worried they will get paid.
exactly this, there is no protection in China if you have wage disputes and the pay is also ridiculously low.
@@Vincent-mv6ux That being said Indian workers from India tell me the same story too. Which makes me wonder is both China and India not paying their workers on time or just some bad hats?
@@wumao6797 happens in a lot of places, the issue with India is that a lot of people go with informal practices concerning employment so they have nothing to back them up in a legal battle, which can also be a long protracted affair.
However in China even with the correct contracts drawn up, you may find that law enforcement is not willing to help even register a case against your employer.
In China the only companies with a conscience are the foreign owned ones which is ironic.
@@Vincent-mv6ux Yup that is what I heard too but from what I gather most of these so call " Foreign Companies " will find a local contractor to sub out the manufacturing and hence wash their hands of any liable labor violations.
@@wumao6797 that is true, however, I am alluding to the larger ones, normally to enter the China market they have no choice but to partner with local entities. Tesla was one of the few that were able to remain autonomous. For example, when it comes to pharma companies that wish to enter the market have to hand over all their IP which is one of the reasons why there was no MrNA vaccine for COVID-19 in the mainland. The business climate in China is truly convoluted. This video should tickle your funny bone th-cam.com/video/v91lUk6UgtA/w-d-xo.html
I respect her for actually helping with chores.
Better be a housemaid in your parents' home. It's stress-free. And filled with family love and bonds 💕 🎉.
True. Even Christ stayed with His parents til 30 years old before He went to public ministry. Yet His 3 1/2 public ministry had been very fruitful and prolific even that short. And before His death when he entrusted His mother to His beloved disciple (John 19:26-27) tells His care to His earthly parent did not stop until His mission was accomplished til His last breath. What difference materialistic small time productivity man boasts as they neglect personal rearing of their parents compared to Christ example of lifetime love to His parent yet resulted to eternal extent of His mission accomplished.
Speak for yourself, not all families are like that. I worked for my parents' small business from the age of 5 to 16. Eastern European parents are more exploitative and harsh than any employer I've had since childhood. Nothing could have been more motivating for me to graduate from college and leave the nest!
@@user-wg2vw3mz1v
Of course I'm not speaking for everybody! 🤦♂️Those who agree are free to agree and those who don't agree are free to disagree. I, too, started helping my parents in the coffee shop. I was 13 then and was at it until 19 when I left for studies. I left the nest too but I always remember those days and it brought me happy memories. I'm sorry that you had a different experience. 🙏
At positive side atleast some of you got years of real life work experiences working at family businesses to put into your cv's. My family has none with no connections along with bad parenting. It definitely puts you in major disadvantages when competing against others for a job. Internships only last for so long and in here it's just free labor anyway. 😅
This is better than the parents having no one to take care of them.
Why are there so many people interested in civil servant jobs especially, it's so few and competitive? Do civil servants get paid more than private sector?
That is based on regions. But overall, the pay for civil servants is less than that of skilled workers and white collars in leading firms but better than SMEs and non-skilled workers.
Civil is more secure and better benefits. Private can lay you off or strict review anytime + longer hours
It is generally stable.
Depends. Here, we got pension for a life after 25-30 years of government service
It is the pension for life afterwards. You work for the government 20 years and then you use your pension to start a small business afterwards.
my 60 yr old parent lives with grand parents ...😅
yep that's normal, usually the kids pay for food and stuff from works or vice versa.
Even if you work a job you are not fond of their are critical business skills you can learn at any job. Those who decide to take this path will fall behind their contemporaries
Didn't expect China of all places to have a lot of women in their workforce
Problem is that you have capitalistic system under one party tyrranical surveillance system...not compatible
If the pay is too low, why even bother entering the market? Waste of time and travel and the cost to get and maintain work is not free. Clothes for work, meals for work, travel to and from work have a cost. Better off taking time to enter self employment and gigs
Maybe if the job market offered more than $450/mo for full-time work there'd be more incentive to get out and stimulate the economy.
Permanent children. These kids forego to become mature adults.
When your salary can’t even afford your daily expense😂😂
very normal in asia for 1000 years, this is why asia is different from others
If they say youth unemployment is 24% you know it’s actually 34-44%
With progress of AI, many skill-based jobs are gradually wiping out. Many youngsters will suffer from the consequences in job market. This is worldwide. Full-time children are not considered as bad as in western culture. Moreover, the one-child policy in previous decades has made parents to keep their only child close to them.
I find it very interesting that they didn’t know that China doesn’t pay well at all ! This isn’t a first time one off thing. The work culture life balance has always been the same for decades. So who ever set these kids up for a false fairytale of making so much money after graduating instead of setting realistic expectations failed them as well as they failed themselves… their parents didn’t make much money and so forth and so on so why would you expect it to changed in a country such as China ?
Source ,m proof ?
Can we at least have better audio
There r just too many ppl chasing fewer jobs. Might as well foster entrepreneurship to create jobs
Create jobs?? CREATE??? While teaching English in Taiwan and China a couple decades, I can tell you that it's very hard to be creative when your school system ( it ain't an education system) focuses on test passing.
They lack CREATIVITY, CURIOSITY, AND IMAGINATION, that's why they don't invent much, they have to see it from someone else, THEN they can COPY it!! Copy, cheat steal!!!
This is the true definition of professional children
I mean, it’s not much different than a child working for their parents’ business, which I know many people do. Either way, they’re getting paid by their parents
so... add jobs then??? these kids sounds like a lot of them are only "full-time kids" because they cannot find a job and not for lack of trying ot studying
how tf can you live off 500 USD in a major city...
No insurance, no car needed to go to work. Groceries are way cheaper.
I left college at 8:15 pm. - Wednesday, 14th Feb.
Well theres stay at home moms, why can't there be stay at home children?
Because stay at home children don't have a husband that brings home the bacon in their stead?
That's like asking someone to pay double on their taxes this year because you expect there to be a rise in homelessness.
So they got the offers but decide to try for the jobs they/ their parents want. I don't see the problem here.
The problem is how many actually are there? The 4,000 on website forum is so small compare to 1.4 billion people and their might be people who are not the same type but just log in to see.
Isn’t it normal for adult children in China to live with their parents anyways?
Meanwhile U.S children are unemployed, homeless and squatting on the side of Kensington Ave Philadelphia.
7000 poor chinese refugees come tO USA througj mexico border and seek Asylum😂😂😂
70000 poor USA refugees come tO China througj Vietnam border and seek Asylum😂😂😂
@@shuttlespace04good for them the American government should give them free money and citizenship to every illegal
Kids in the US make more money than anyone else because they hustle like crazy.
@@JolieGunz029that's a lie no we 🇺🇲 do not
Mission Impossible: to get a job. 😅
They are at least helping out at home with housework. In the western countries, these children after graduating, just laze around the house and still expect their mothers to clean up after them!🤣🤪
Easiest job ever... How hard can it be to take care of 2 people who spent the majority of their lives taking care if you? They have a natural biase of going easy on your work performance.
Some parents who lost their (only) children due to Karoshi working culture might agree to take this approach (if only there's a second chance for them), while the children ought not to take this for granted and become permanent giant infants. I can still see a fight in those interviewees, they are smart enough to take an affordable break instead of putting themselves into dog fights at the bullies' exploitations.
Soooo shes her mom & dads maid/house keeper 😂
i wonder what they will do once their parents passed away🤔
So they are not willing to work their way up the ladder. easy route is comfort of the home. What about those without education? They still need to eat and go out there and do jobs.
Im cheryl
i respect Karen. have you seen karen in US and Europe?
If she did her studies in Australia then she shouldve tried to look for work there knowing how bleak it is back home.
Do you know how many Chinese students study in Canada?? Tens and tens of thousands, almost ALL want to immigrate. The University of British Columbia (UBC) is referred to the University of a BILLION Chinese. Being a student in the USA, Canada, Australia etc doesn't allow them to remain in the country and find work.
While teaching English in Taiwan, a student ( with a PhD) said he wanted to immigrate to Australia, because he said that his THREE kids would have a difficult time in Taiwan's schooling system. I said that it worked for you, and if you cared about your country, make it better, don't run off to the white man, STAND AND FIGHT. That guy didn't like me after that. Why do they want to immigrate??? They all say "GAHVERMENT GIVE YOU $$$$$."
Whsts full time children
Clear & concise delivery of worldwide news. The war has sadly affected everyone.
Here is the list of top ten countries by external debt.
1 - United States *32.9 trillion*
2 - United Kingdom *8.7 trillion*
3 - Japan *4.34 trillion*
4 - Netherlands *3.79 trillion*
5 - France *3.28 trillion*
6 - Ireland *3.26 trillion*
7 - Italy *3.1 trillion*
8 - Germany *2.81 trillion*
9 - Canada *2.65 trillion*
10 - China *2.45 trillion*
You should look at it in terms of percentage to GDP!
what are you even trying to prove?
Lol, those are called government bonds. The reason why everyone buys U.S. government bonds is because they are a safe place to park your money and make interest. The reason why nobody buys Chinese bonds is because they are trash that nobody wants. The Chinese currency is worthless toilet paper that nobody wants despite China begging everyone to take their RMB. China printed more currency than all other countries combined the last 4-5 years because their economy is collapsing. Even in China everyone would prefer USD to the Chinese Yuan😂🤣
Out of topic, but give me the gdp per capita in ppp, then
Of course they have the most external debt -- the world's most-traded currencies and the most-popular reserve currencies are the USD, euro, yen, and GBP. As it turns out, people/governments/institutions holding foreign currencies often like to reinvest that currency in the form of government bonds (buying debt).
Until China is willing to take on debt, accept trade deficits, and relax its currency controls, the RMB will never be able to challenge the dominance of the US dollar or euro.
176. Из века в век вы сохраняете и передаете заповедь, которую за все сие долгое время никто еще не исполнил и которая гласит: “Любите врагов своих, благословляйте проклинающих вас, благотворите ненавидящим вас и молитесь за обижающих вас и гонящих вас”.
177. Где та любовь, которую заповедал вам свершить Бог?
China product still affordable i wish. Young genaration find work if not in there country better they go abroad
Thank you SCMP for the heartwarming news from Zhongguo (China)!!
暖心祖國😂
the comment section is filled with bots
Natobots are always active after all.
@@orangerightgold7512nato doesn't employ bots, however mss does. 10B dollars spent on bots and trolls
This is what happens when they have no work experience when they're in high school or when they dont work their way through university. They have delusions of grandeur when they graduate thinking that they "should" get a well paid job. They think work with little pay is beneath them, meanwhile their parents are left supporting them for their entire lives.
Applying for 6-7 jobs is nothing, not finding what you want after that and giving up is rather pathetic.
it is just a rarity. I am chinese
No matter what, AI will take away most of those jobs.
She just needs to change her name
Her name is Karen 😂
Foreshadowing of western feminists' fate?
Doesnt paint China well
What is the big deal about performance reviews? Every job in the US that I know of have performe reviews. It’s how employers calculate raises, see how an employee is doing their job.
The maths major girl who graduated from a below average school got job offers but she only wanted to work for the government, so did the Australian grad. They are not representative at all.
After this documentary I won’t feel sorry them anymore because they have offerd jobs and didn’t take them, beggers can’t be choosers
Better to have full-time children than to have full-time drug addicts.
An exam with a 1.3% passing rate? Seems it’s an awfully similar exam than the one which started the Taiping revolution!
It's not a 'passing' rate, it's a rate of those who receive a civil service job after taking the exam to those who took the test and didn't.
Higher number of test-takers=lower rate of acceptance
If one person took the test and got a governmental, then the success rate would be 100%, and so on so forth
@@L3GIT349 Oh, so it’s something similar to western universities or most professional aggregation in the west, but even so it’s still quite very small percentage of applicants who get a job working for the government.
@@Mathguy363 Yeah, which is highly unfortunate to majority of individuals
I think Mainland China needs to permanently remove the Civil Service Exam, because it’s not working for them anymore, it’s an outdated process now. With technology advancing and time passing, people just don’t care about being validated by society(excluding social media) anymore.
Unemployment from 16-24. Goodness, this is nonsense you are reporting. At 16-22, most if not all should be in school or university, not working. Total nonsense reporting.
my freshly gratudated lil sis have sent cv to three hundreds plus companies, very few interviews, she still looking for new opurtunities
Which country ?
@@D.2601 china
Guess it is normal now because sending a resume only takes 10 seconds on LinkedIn.
😂 @「pay back her parents’ investment in her education」， 貧窮同FQ其實係可以遺傳，因為有啲父母，當教育係一種投資，其實冇諗過教育產業其實係sunk cost, 性質上重重要差過consumable。親😚
Theuuldnt find job because of their government
I wish one of u chat me here in philippines😊😊
I think they don't understand how eagles taught their little ones to fly.
是的，我作为中国人是没有你们外国人懂中国的。😅
It's Chinese culture for parents to continue caring for their unmarried children. The title of this video demonstrates bias toward others' cultures.
If you're happy with what you are doing, if your parent are happy with what you are doing.
Let whatever opinion the rest of the world have, simply passed you by, They don't matter as much.
Are you talking about those who become adult video actresses?