Today I read a piece of news online ,which really makes feel WTF , which is about "has the foreign inveatment withdrawn from China ?", through a long analysis , the conclusion of the writer is "No ,it has not ." But the truth is that the bank interest rate is reducing :<
Sounds really funny , right ? When I viewed the replying zone , negative replys had fillded it , the most negative reply said that , "the economic winter seems to come...no one would survive ." It makes feel really pessimistic about the economic situation of China .
Having read lots of news about the difficulty of the graduates to find a job , is it really true ?
From what I hear... yes. Experts are saying that foreign investment has been leaving China for some time and the current government policy is unlikely to reverse that. This is particularly the case given that the American Federal Reserve has consistently been raising its own rates, which has the effect of "pulling" investment from other countries to America, and the EU has been forced to follow suit to protect their own economies. Historically, this kind of situation almost always precedes a recession, and the general economic indicators are strongly suggesting that a global recession is likely. Under such circumstances, then, I would definitely expect a recession in China - there's not really any way for such a major market to "dodge" it.
The specific economic situation of China does introduce complicating factors, though. There will absolutely be declines in standard of living - I understand there's already a problem with energy - but China's status as a major primary resource producer, and close relationship with other primary resource producers, does put a certain floor on how bad things can get. The falling population also tends to mitigate the problem, although it's inflationary. Basically, the economy has to contract, but I think there's a reasonable chance that it will contract more or less stably. I also recall you saying that you were interested in becoming a pharmacist, which is reasonably likely to be a stable job in the face of an aging population, unless things get so bad that drugs become prohibitively expensive. Which is a real possibility, though I've read that most medicines sold in China are produced there, so, if that's the case, the import costs aren't going to be as bad. The care industry, generally, is a decent long-term bet, as it tends to be a major vector of concentrating wealth in a declining population.
I find economics very interesting so I'd be happy to explain more and give more predictions if you want, but I feel like I made this post long enough for now. There are definitely also some caveats I can think of that are worth considering in a more thorough treatment.
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Topic: Things that made you go "WTF?" today o_O (Read 14570794 times)