China has its own problems though so how this all pans out long term is anyone's guess.
"It's bad. It's really bad. Over 20% of unemployment. Millions of youth with a university degree are unable to find a job. At the same time, good plumbers and electricians are making good money. Very similar to Europe and the US actually. The Chinese government refuses to invest in technical schools so young students don't want to enroll in an underfunded trade school. Jobs like delivery driver or taxi driver are saturated with hardly any income. EV factories have been warned to slow down. I don't see where jobs are supposed to come from.
Over 12 million Chinese graduated in July...Next year another 12 million...What on earth are they going to do with them? Send them to the countryside?"