15 Million Young People in China Estimated to Be Jobless

The video discusses the impact of COVID-19 on China's labor market, highlighting the regulatory crackdown on the private sector and cultural shifts like 'Tang ping' and 'Bai lan'. It explores the mismatch in the labor market due to the expansion of higher education and the challenges posed by an aging population. The video emphasizes the need for the private sector to hire more young people, as the state sector cannot provide enough jobs. It also compares China's situation with other Asian economies facing similar demographic challenges.

What are some short-term factors contributing to the spike in youth unemployment in China?

How has the expansion of higher education affected the labor market in China?

What does the phrase 'Tang ping' signify in the context of youth culture in China?

What are the implications of young people lowering their expectations regarding income?

What challenges does China face in providing jobs for its educated youth?