A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.
Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.
Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn’t make a country communist.
Their land use rules… that makes them communist-ish. But that’s a small part of a far larger picture.
Here is an article in 2018 about China making it harder to build new mass transit:
https://www.caixinglobal.com/2018-07-14/china-makes-it-harder-to-get-ok-to-build-subways-light-rail-101302749.html
Here is an article in 2021 about China effectively no longer building subway lines in cities without an existing system, mainly due to trying to corral the real estate bubble:
https://www.sixthtone.com/news/1008813
The Chinese national and regional governments don’t operate on the same economics or politics of Western governments, so the actions of one may not fully map to the actions of another.