Investors, consumers and homeowners — and just about everyone in China — are making adjustments to what appears to be a “new normal” of slow growth for an economy that had been white-hot for decades.
Chengdu homeowner Zhong Weiyi, 58, worries whether his shrinking home value and pension will support the golden years he once envisioned.
The mass of Chinese youth who cannot find jobs — over 20% by most estimates — is more and more reducing their discretionary spending and making more purchases on secondhand or surplus-item platforms.
“It’s so easy to be fired these days,” said Guo Qingfeng, an IT worker at a large tech firm in Zhongguancun, billed as Beijing’s answer to Silicon Valley, in reference to the leverage companies have to hire and rehire because of the enormous labor pool.
投资者、消费者和房主——以及几乎所有中国人——正在对几十年来经济白热化的缓慢增长“新常态”进行调整。
58 岁的成都房主钟维一担心，不断缩水的房屋价值和养老金能否支撑他曾经憧憬的黄金岁月。
大部分找不到工作的中国年轻人（大多数人估计超过 20%）正在越来越多地减少可自由支配的支出，并在二手或剩余物品平台上进行更多购买。
“现在很容易被解雇，”中关村一家大型科技公司的 IT 员工郭庆峰说道，该公司被称为北京的硅谷，指的是公司由于劳动力庞大而必须雇用和重新雇用的杠杆作用。 。 水池。
