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☆ China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger
▼ + stars: | 2024-01-25 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

ZHENGZHOU, CHINA - SEPTEMBER 22: Students attend a job fair for graduates at Zhengzhou University on September 22, 2023 in Zhengzhou, Henan Province of China. (Photo by VCG/VCG via Getty Images)China's youth unemployment will likely stay elevated this year due to a lingering mismatch, according to the Economist Intelligence Unit. Even though unemployment among China's young people should dissipate starting next year — when the country's working-age population declines – the effects of high youth unemployment will remain long after that, the consultancy added. "Despite the upturn in China's labor market as a whole, the biggest improvements are concentrated in middle-aged groups and migrant workers," EIU analysts said in their China 2024 outlook report released Thursday. "In contrast, the post‑Covid recovery has not eased the slack in the youth labor market.

Organizations: Zhengzhou University, Getty, Economist Intelligence Unit, China's National Bureau of Statistics Locations: ZHENGZHOU, CHINA, Zhengzhou, Henan Province, China

☆ Japan's aging population offers a roadmap for the US economy's inflation battle
▼ + stars: | 2023-11-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Eurizon strategists forecast US inflation to steadily fall to the Fed's target of 2%. Since the 1990s, Japan's aging population has caused inflation and interest rates to fall. By Eurizon's calculations, Japan's labor force peaked in 2019, at 1.7 times its size from 1950, which suggests an average annual labor force growth rate of 0.77 percent a year through the expansion. Similarly, China's labor force peak from 2018 will likely be pushed back by new policies. Eurizon SLJ Capital LimitedAs more countries follow Japan's demographic path, inflation should follow a similar trajectory.

Persons: —, Stephen Jen, Joana Freire, Jen, Freire Organizations: Service, Japan, JPMorgan, Bank of, SLJ, Bank of America Locations: Japan, South Korea, Italy, China, EU, India

☆ China's domestic tourism is finally back to pre-pandemic levels
▼ + stars: | 2023-10-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Both figures were lower than what Chinese state media had earlier cited the ministry as predicting: 896 million trips and 782.5 billion yuan in domestic tourism revenue. Golden Week domestic tourism revenue was 753.43 billion yuan ($103.24 billion) — a 1.5% increase from that in 2019, according to China's Ministry of Culture and Tourism . The number of domestic tourist trips rose by 4.1% from 2019 to 826 million during the latest eight-day holiday, the ministry said. BEIJING — China's big "Golden Week" holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover, according to official figures. That was also below earlier predictions, reported by state media, which forecast nearly 1.6 million trips across the border a day.

Persons: Morgan, Robin Xing, Morgan Stanley, Trip.com, Jane Sun, CNBC's Eunice Yoon Organizations: China, Golden, China's Ministry of Culture, Tourism, BEIJING, National Immigration Administration, China's Labor Locations: China, Beijing, Thailand, Singapore, Malaysia, South Korea, Switzerland, Spain, Turkey, France, Europe

☆ Economic stimulus in China would be a win for 3 stocks tied to Chinese consumers
▼ + stars: | 2023-06-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

The recovery in China has been much slower than what other major countries experienced when they lifted their pandemic restrictions. Still, the Chinese consumer has proved to be resilient in the face of these broader economic challenges. It marked the fastest pace of growth since the first quarter of 2022, fueled by higher spending from Chinese consumers. Club stock results Recent financial results from our China-exposed companies show that Chinese consumers have been holding up even as broader economic recovery is delayed. China is a growth market for each company and improvement in economic activity there should be a catalyst for these stocks.

Persons: Estee Lauder, —, Ting Lu, WYNN, hasn't, Jim Cramer's, Jim Cramer, Jim, Jason Lee Organizations: Starbucks, Wynn Resorts, WYNN, China Index Academy, National Bureau of Statistics, Club, Gaming, Prestige, CNBC Locations: China, China's, Beijing, Macao, Asia, SBUX

☆ China's millennial managers are confronting a pissed-off wave of Gen-Z staff out to 'rectify' the workplace
▼ + stars: | 2023-02-22 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +8 min

China's Gen Z is out to "rectify" the workplace, and they want their millennial bosses to give in. The Weibo hashtag "The post-2000s generation is rectifying the workplace" is a forum filled with Gen Z rage. The hashtag documents Chinese Gen Z rage in all its varied formsIt is unclear exactly how the hashtag started. At times, the posts on the Gen Z workers' threads devolve into rants about their "evil" millennial bosses. The rumblings from Gen Z, however, stand in stark contrast to narratives about Chinese millennials that have dominated popular culture.

☆ China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says
▼ + stars: | 2022-11-30 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

Over the weekend, protests broke out across China in a rare display of frustration over China's zero-Covid policy and prolonged lockdowns. Rare protests broke out across China over the weekend as people vented their frustration over China's zero-Covid policy and prolonged lockdowns. "People are complaining about things but the only thing on people's mind is the zero-Covid policy. And people in all walks of lives are simmering with discontent about the continuation of this policy," Li said. "One major and philosophical reason is that the zero-Covid policy was designed to fight [the] virus, which was three years ago but now the virus has changed.

☆ Chinese government reportedly helps the world's biggest iPhone-maker fill in labor shortages by recruiting Communist Party members and veterans
▼ + stars: | 2022-11-18 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Chinese government officials are helping Foxconn recruit Communist Party members, civil servants, and military veterans amid a labor shortage, NYT reports. Foxconn's labor shortage could mean iPhone shipment delays around the holidays. The move is reportedly part of a state-led effort to fill in the factory's labor shortage in the wake of a mass employee exodus over fears of strict COVID-related lockdowns. Foxconn's recruitment drive comes after hundreds of Foxconn workers fled its facilities in mid-October to avoid getting trapped quarantining there in light of a COVID-outbreak on-site. Unverified videos seen by Insider also show Foxconn workers protesting prison-like confinement in their dorms amid claims that eight employees allegedly died in a shared room, though Foxconn denied that anyone has died there.

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