Facing sharp increase in social strains; very difficult to know what will happen to CCP

The Chinese government is grappling with increasing social tensions due to the prolonged economic crisis and challenges posed by political institutions.

Every morning at dawn, the Houba labor market in Guiyang is teeming with people seeking work. However, according to a source from The Financial Times, only about 30% can secure employment. The remaining 70% have to pass the time by sleeping, playing cards, or drinking alcohol before returning home.

After July 2023, China's National Bureau of Statistics temporarily stopped reporting unemployment data for youth aged 16-24, as the figure rose to a record 21.3%. Nearly a year later, applying new statistical methods, the Chinese government reported that the youth unemployment rate in May this year was 5%.