CNBC Marathon examines China’s crises, encompassing real estate collapse, population decline, and soaring urban youth unemployment.
China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world’s second-most populous country also has a major youth unemployment problem. China’s urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.
China remains home to 1.4 billion people. But that number is getting smaller. The country’s National Bureau of Statistics reported China’s population slipped to billion last year from billion in 2021. The last time China saw negative population growth was in the 1960s. Many experts believe that China’s one-child policy, introduced in the 1980s, is one of the main reasons for the population decline.
China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ’ghost cities’ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why.
Chapters:
00:00 Introduction
00:48 Why Youth Unemployment Is Surging In China (Published September 2023)
12:32 What China’s Shrinking Population Means For The Global Economy (Published March 2023)
21:21 Will China’s Real Estate Crisis Hit The Global Economy? (Published October 2023)
Produced by: Christian Nunley, Anuz Thapa
Narration by: Jordan Smith
Additional Editing by: Kevin Heinz, Brad Howard, Jack Hillyer
Graphics by: Christina Locopo, Jason Reginato
Production Support: Kate Sammer
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
Additional Sources: Getty Images, Reuters
» Subscribe to CNBC:
» Subscribe to CNBC TV:
About CNBC: From ’Wall Street’ to ’Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on X:
Follow CNBC News on Instagram:
#CNBC
China’s Looming Crises | CNBC Marathon
1 view
0
0
5 months ago 00:09:29 1
Rocking Out In Berlin: Maria Marachowska’s Grunge Guitarist Style And Love For Football!
5 months ago 00:00:07 1
. Plus Size Fan-tastic Mastectomy V-Neck Princess Swimdress |
5 months ago 00:19:50 1
How 10 Years in China Changed Me Forever
5 months ago 00:08:17 1
China’s Shocking Garden Ban Sparks American Copycat
5 months ago 00:01:00 1
Counter-protester looks for antisemitism and fails
5 months ago 00:15:00 1
PLA Tank Combiner Sembo 203160-203163 ⚡️ How to make Robot LEGO Transformers Combiner build tutorial
5 months ago 00:03:14 1
BLACKPINK - ’Kill This Love’ M/V
5 months ago 00:19:14 1
Schools In China Are Terrible!! Or Are They.... Let’s Take A Closer Look!!
5 months ago 00:11:09 1
China’s Infrastructure LEADS the World (Americans in Shock)
5 months ago 00:30:35 1
Putin’s meat grinder, Hamas murderers in Rafah, Iran’s global grip: Is West ready for war?
5 months ago 00:08:50 1
The World WON’T Believe China’s New Infrastructure (America Failed)
5 months ago 00:21:27 1
The Winner of the Microchip War is NOT Who You Think...
5 months ago 00:08:35 1
Why are Americans MAD at China? (I Know Why)
5 months ago 00:10:12 1
China’s SHOCKING Untold Story | UNSEEN DAZU!!! Chongqing
5 months ago 00:29:21 1
“The lies told“ by the “USA News Media to the world“!
5 months ago 00:10:20 1
The US Economy Bubble is BURST: What Next?
5 months ago 00:01:00 1
Краков. Польша. Семинар «Здоровье с Му Юйчунем». 10-12 мая 2024. #health #wellness #holistic #yoga
5 months ago 00:36:57 1
MUST See Products for 2024 - Global Sources Exhibition Hong Kong
5 months ago 00:18:20 1
Поразительный ЭФФЕКТ! Легкие ноги, как пушинка. Тазобедренный СУСТАВ. Му Юйчунь.
5 months ago 00:33:49 1
China’s Looming Crises | CNBC Marathon
5 months ago 00:09:19 2
China Just Launched Hypersonic Missiles To Israel In Support Of Iran!
5 months ago 00:00:15 1
Turning My Marachowska Art Shop Painting Into A Stunning Masterpiece For My Private Collection!
5 months ago 00:46:11 1
ATACMS secret. China, no red carpet for Blinken. Poland help Ukraine find men. Albanese, ban memes
5 months ago 00:25:37 1
’Putin Not Evil’: Ex-Indian Envoy To Russia Lashes West Narrative; Explains Russia-Ukraine Reality