Part 7/14:
Lu emphasizes that reigniting consumer spending is crucial, pointing out that many migrant workers, youth, and flexible workers have negligible savings—averaging only about $33 per month after retirement. Restoring confidence and demand, therefore, remains a top priority but is hindered by the scale of debt and social disparities.
China's Space Endeavors: The Shenzhou 20 Mission
Meanwhile, China continues to make strides in its space program, exemplified by the recent successful return of the Shenzhou 20 astronauts. The crew—Commander Zhang Chun, Jing Wang, and others—had been aboard China’s Tiangong space station for over six months, marking a significant milestone as China’s first long-duration orbital outpost.