Is China the next superpower? Is the media's depiction of the country as a ten-foot giant really accurate? That's dubious. For all its bluster on the global stage, China is a giant in trouble.
Here are some of the reasons we know:
Perhaps the biggest problem in China is its erstwhile "one child" policy, which created many single, self-absorbed adults with poor social skills and an entitlement mindset that included no great desire to marry young and bear the financial burden of offspring. China switched to a two-child policy and recently revised it to allow three children per family. But it's too little, too late. The best result is that in about 20 years, the Chinese population will probably be more than halved anyway, instead of something worse, and the elderly will be a great burden on their single offspring and the economy.
Already only about 10% of China's young population
is getting married, which implies an even more precipitous drop in
population in the future. China does not encourage immigration from
abroad, so a precipitous drop in population will have a drastically bad
impact on a shrinking economy and even on the social life of the average
Chinese.
Another problem is income disparity, with a vast gulf of differences between a tiny urban elite and the country's many urban and rural poor. It's an even greater disparity in income wealth distribution than exists in the United States. That may be a reason why the CCP has decided to crack down on glorified celebrities and wealthy capitalists and is forcefully trying to redistribute their wealth, especially to the tech working class, who largely have been working a 996 shift, which means working from 9 A.M. to 9 P.M.., six days a week..............To Read More....
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