The end of the Chinese miracle

  • Published 1 year ago
  • Not Rated

Since the early 1980s, China was able to reach economy stardom thanks mostly to cheap labor. But the era is coming to an end. The economic miracle of China is about to end, with slowing economy being the biggest factor.

The turbulent stock market, along with migration, and dwindling labor force further complicates things for China.

The rise of economy success started three decades ago, when there was unexpected flow of labor workers from the countryside to the cities. After three decades, the transformation to urban society is now complete.

But there lies the challenge of “what now”? What lies ahead for China might not be as good as what happened till now. Economy experts are already warning that China is up for an economy downhill, end now Financial Times explores the problem.

The video takes a look at everyday workers, and how their life has changed. Many of the  workers are thinking of going back to their villages, and if that happens, the economy will crash.

From Around the Web

Related Videos

Media
oscar statuette
youtube icon
03:03

The Oscars are one of the most prestigious awards. Some might say the Golden Globes are more prestigious awards in the movie industry, and some prefer the Oscars.But behind the gla...

  • 584
  • 3 months ago
  • Not Rated
Indie
bubble gum king
youtube icon
59:54

The Bubble Gum King is one of the best documentaries ever made. The documentary follows the life story of Andy Paris. He rose to stardom by starting a bubblegum business. He ...

  • 752
  • 4 months ago
  • Not Rated
Political
usa vs. china
youtube icon
52:42

During his presidential campaign, Donald Trump reminded everyone how China is beating USA in every category. He was raving on and on about how China is the most powerful econ...

  • 1,267
  • 4 months ago
  • Not Rated
Social
delhi market
youtube icon
49:14

Delhi in India is one of the most populated cities in the world. With population of close to 10 million, Delhi is definitely a huge city. As a big city, Delhi faces a number ...

  • 744
  • 4 months ago
  • 8(1)
Avatar

3,512 Videos / 4,371,607 Views
Related Articles
Betty Cohen founded Cartoon Network in 1992, and she brought some of our favorite cartoons to life
  • 789
  • 4 months ago
From the outside, Huaxi is dubbed as a socialist village. But on the inside, it is actually a capitalist corporation, m...
  • 1,109
  • 5 months ago
The aircraft took its first flight from Toulouse-Bagnac Airport at 10:42 am local time
  • 799
  • 6 months ago
In May he celebrated his 32nd birthday, and he had some 44 billion reasons to celebrate. That is right, his net worth is...
  • 1,148
  • 7 months ago