Millions of Newly Jobless in China Pose a Looming Threat to Xi

[striver44]

A man walks down an alley near a cluster of small factories in Dongguan, China.

Photographer: Qilai Shen/Bloomberg

Millions of Newly Jobless in China Pose a Looming Threat to Xi
China hasn’t confronted unemployment on this scale since the 1990s.

Bloomberg News
May 20, 2020, 4:00 AM GMT+7
The Pearl River Delta industrial belt has served as one of China’s most important growth engines since the Communist Party opened the economy four decades ago, propelling its rise to become one of the world’s leading powers.

But now in Guangdong, a southern coastal province that alone would stand as one of Asia’s top five economies, the situation is getting dire in some labor-intensive sectors that are more China’s past than future. In the dank back-alleys of Dongguan, a metropolis with about as many people as New York City, small textile makers are struggling to survive. Thousands of migrant workers have already headed back to China’s poorer interior.

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[URL]https://www.bloomberg.com/news/features/2020-05-19/millions-of-jobless-in-china-pose-a-looming-threat-to-xi-jinping[/URL]

 

[Beast]

Bloomberg? I guess US now must be at it's lowest point of unemployment and ready for double digits economy growth for year 2020.

That must make u sleep nicer tonight.

 

[rambro]

When tens of millions jobless in US....the author mistaken USA with China.

 

[rott]

Lol Bloomberg. I will skip.

 

[Yaseen1]

china will definitely face these problems in short term as due to pandemic almost every nation is facing this problem but in long run they will come out of this situation if they continue on way of self reliance and not accept western slavery

 

[rambro]

china will definitely face these problems in short term as due to pandemic almost every nation is facing this problem but in long run they will come out of this situation if they continue on way of self reliance and not accept western slavery

Notably USA, western colonial empire is still very much alive just in a different form today, imperialist.
Nobody should be hoodwinked whatmore arm bent to subscribe to their warmongering nature.

 

[Yongpeng Sun-Tastaufen]

Send them to fight in Libya like Erdogan did with Turkey's millions of unemployed.

 

[Secularindian]

When tens of millions jobless in US....the author mistaken USA with China.

USA Joblessness Is threat To all Developing Nations
If USA started Re industrialization We Will be in major loss
So Will our Manufacturing & IT jobs

 

[rambro]

USA Joblessness Is threat To all Developing Nations
If USA started Re industrialization We Will be in major loss
So Will our Manufacturing & IT jobs

Fret not, it is their soverein right to move back...but it is not as simple as it made out to be by trump who is notoriously known for big words typical of a crooked salesman.

From capitalist stand point, this abrupt move is unfeasible that ultimately leads to much higher price of goods n services which the west cant live without..in turn leads to lowering of their quality of life. If a riot breaks out for not getting a haircut, imagine this.

They are not willing todo low value jobs, so to speak.

Besides, India isnt in bad terms with US