Part 6/8:
Consequently, many Chinese citizens are burdened by high living costs and inadequate government services, particularly in healthcare and education. The financial strain is particularly acute for rural populations and migrant workers who lack access to urban resources. Individuals often hoard their meager earnings rather than spend them, leading to decreased collective purchasing power that undermines domestic consumption and crisis recovery.
With the youth of China—despite being the most educated generation—facing a harsh labor market, it raises concerns about future growth. As one young person noted, wages are set against lower productivity curves in neighboring countries, causing frustration and a sense of economic immobility.