Part 10/11:
Unprecedented levels of debt threaten not just the real estate market but the entire economy as household borrowing rates decline alongside rising unemployment. With millions of graduates entering a job market that offers little hope, the societal implications reach far beyond the financial crisis; they encapsulate a demographic crisis that may influence the future stability of the nation.
The ongoing turmoil reveals that China is intertwined not just financially but socio-culturally, as identity has long been tied to homeownership—a concept now undermined by the very crisis individuals once believed would secure their future. As the CCP navigates this precarious landscape, much remains at stake, not only for China's economic future but for the well-being of its citizens.