Beijing, China: The risk of social unrest has been lurking amongst Chinese nationals as the economy continues to fall. The economy of China has been suffering, with the least relaxation in sight with the rising proportion of educated unemployment in the country. Beijing’s old economy has already been saturated as the manufacturers(both Chinese and foreign) look towards offshoring the manufacturing units.
The economic downfall of China has hit the middle-class society as well as the potential middle-class society continues to remain unemployed or working at meagre remuneration in marketing platforms or delivery jobs., with the unprecedented pandemic being one of the reasons for the slowdown.
Moreover, the rigidity of the class system, instability of incomes, and rising expenses of education and healthcare has added to the plight of Chinese nationals. Moreover, medical insurance systems have been inefficient, and private insurance has become mandatory.
Reportedly, the measures enacted against the spread of the pandemic have led to reduced ability to live, work and travel freely, disabling the younger generation’s ability to take up the country’s future to a brighter side.
Already, the youth unemployment rate ( for persons aged between 16-25) has reached up to 20 per cent against an overall unemployment rate of about 5-6%, which will surely trigger discontentment among Chinese youngsters as Unemployment and Underemployment continue to persist in the Chinese economic setup.
China, on a priority basis, needs to address the concerns of its youth to avoid a future full of despair and disaffection.
Currently, the citizens of China have escalated the demand to end the Covid-19 mandates as well as Jinping’s tenure along with the Communist Party in China. Demonstrations and public outbursts against the pandemic abuses of the Chinese government, economic hassles, censorship and unjustified growth of Jinping’s power have been rapidly rising in the country.
Protests have been reported at various locations namely, Guangzhou, Shanghai and Beijing, and a spontaneous ‘Blank Paper Movement’ where the citizens held up blank sheets of paper against Covid-19 restrictions, which had turned many into accidental activists.