“The migrants say they are leaving due to a slump in China’s economy as it struggles to rebound from the COVID pandemic, as well as to escape strict lockdowns and restrictions.
“The unemployment rate is very high. People cannot find work,” Xi Yan, a Chinese writer who crossed the border in April, told the Associated Press. “For small business owners, they cannot sustain their businesses.”
In June, China’s unemployment rate for 16-to-24-year-olds reached 21.3%, according to the National Bureau of Statistics. Sin Yen Ling, a spokesperson for the Asian American civil rights group Chinese for Affirmative Action, told the Austin American-Statesman that Beijing’s “recent crackdown on industries such as tech, real estate and education where young people have traditionally sought jobs have contributed to the high unemployment rate.”
Visas granted to Chinese nationals to work, visit or study in the U.S. have also become increasingly hard to come by, leading to the spike in finding alternate ways into the country due to recent tensions between China and the U.S.”
“Four Chinese nationals have been charged with providing U.S. technology to Iran, according to the Justice Department.
“Baoxia Liu, aka Emily Liu; Yiu Wa Yung, aka Stephen Yung; Yongxin Li, aka Emma Lee; and Yanli Zhong, aka Sydney Chung, unlawfully exported and smuggled U.S. export-controlled items through China and Hong Kong,” the Justice Department said”
“the CCP has recently adopted policies intended to encourage the young generation to have more children. However it’s proving much more difficult to achieve this than it was to bully people to have less. A measure of Xi’s desperation is his de facto order last May that China’s 2 million military personnel must take part. The rest of the population are unimpressed by the various material incentives to increased fertility.
Like it or not, following Xi’s prolonged, ineffective Zero Covid lockdown the young people of China are increasingly inclined to passive resistance to the Party’s transactional interference in their private lives. Since the pandemic hit, Chinese social media have been full of nihilistic, disaffected exchanges between young people about the gap behind Xi’s fabricated ‘China Dream’ and their own hopeless existence. No amount of state censorship has stifled this.
The realities are stark. Last year, 11.6 bn Chinese graduates tried to enter the workforce. One in five is likely to remain unemployed. Others who did find work are victims to an obsolete ethic of unrewarded hard work and sacrifice. They prefer to do the bare minimum and abandon vain hopes of career advancement, an approach known as “lying flat”. Xi has singled this idea out for strong criticism but has nothing to offer in return. Worse still, in one speech he told the young five times to toughen up and learn to “eat bitterness”. They are not the least impressed by his exhortation to ‘seek self-inflicted hardships’ in the new economic normal.
Increasingly, Chinese people realise that their leaders have abandoned all pretence of a reliable social contract in justification for single-party rule. Neither they, nor the free citizens of Taiwan, have the least faith in talk of China’s “glorious rejuvenation”.”
“Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere.
Six years ago, monopoly maker Hasbro approached Indian durable goods and aerospace supplier Aequs to sub-contract.
“They said if you can get into toy manufacturing, now we’re looking to shift millions of dollars worth of product from China to India,” Rohit Hegde, Aequs’ head of consumer verticals, told Reuters. “We said: as long as we can get at least about $100 million of business in the next few years, we can definitely invest in it.”
Fast forward to today and Aequs makes dozens of types of toys for Hasbro and others including Spin Master in two 350,000-square-foot facilities in Belgaum, India.
But Hegde and other manufacturers acknowledge that India and other countries cannot match China for efficiency”
…
“Still, for toy manufacturers including Hasbro and Barbie doll maker Mattel, the risks of relying on China for most of their production were highlighted during the COVID-19 pandemic, when Chinese ports struggled to export goods and were periodically shut down, leaving shipments stranded.
Soaring labour costs in China had already been driving manufacturers across industries to diversify production geographically.”
…
“setting up to source from other countries can take 18 months if a company is buying product from a contract manufacturer, and up to three years if a firm is building a new factory from scratch, Rogers said.”