BlueSky Thinking Summary

The article projects increasing youth unemployment in China, posting a record 21.3% in the month of June.

This grim trend has hit many young Chinese very hard, and they have turned themselves to the "lying flat" movement, which simply means refusing overwork and consumerism or just being "full-time children." Whatever the negative perception over it, China's economy is strong;

substantive growth rates characterize the economy, and a positive GDP is posted.

It zeros in on the structural problems of high unemployment: regulatory crackdowns on key industries, residents changing economic policies, and the unfolding continuous real estate crisis that has resulted in fewer high-paying jobs available to young graduates.

The analysis draws parallels between the current situation in China and its rapid growth era, underscoring how the economic dynamics have changed and how young professionals will be affected.

It is concluded that the mismatch seriously threatens social stability and economic development, as against when China's economic fundamentals looked very strong.