For the Chinese Communist Party, the agglomerations of educated and unemployed young people in large cities could become a challenge to its authority and for years the Chinese Communist regime opted for economic growth to boost its legitimacy, now that method is losing strength in an economy that wobbles.
China's provincial governments are also in trouble - most have run out of money with an outstanding bill of more than $5 trillion, many regions are at risk of default - the situation is also getting more complicated for the country's educated elites, the growing crisis of Real estate sector, snooping competition in education and high tuition fees for raising children make it difficult to maintain their standard of living and the Chinese economy is not expected to improve in the coming year.
Many investor surveys stated that the Chinese economy is not progressing, this is leading to a major change in the destination of investors' money, more and more funds are heading to the United States, while money is withdrawn from China and Of developing countries, es cite China's real estate problems as the number one factor that could cause the next global credit crisis.
Do you know what a powerful wounded animal does?
