Part 5/9:
The socio-economic fabric of China is unraveling with millions of citizens feeling disillusioned and helpless. A staggering 600 million individuals report that life feels meaningless, with close to 500 million opting for a “lying flat” lifestyle, embodying a pervasive sense of resignation and futility. Young people, especially, are disenchanted with their lives, with recent surveys indicating almost 90% of youths expressing dissatisfaction with their circumstances.
With job opportunities dwindling and consumer purchasing power shrinking, households once buoyed by the growth of real estate now face dire predictions of lost wealth. Analysts foresee a potential 25% depreciation in property values, further eroding the wealth of millions who’ve invested their lives into owning homes.