Face-Off: The U.S. vs China China’s Fortunes
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May 14, 2024 Keyu Jin and Elsie Chen discuss China's economic downturn, real estate meltdown, tech entrepreneurs disappearing, college graduates opting out. Elsie Chen's article on 'lying flat' trend. Analysis of Chinese economy, US-China relations, and Taiwan tensions.
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China's Lying Flat Movement
- The "lying flat" movement in China involves youth opting out of societal pressures by rejecting work and traditional life milestones.
- This silent protest manifests as quitting jobs, not marrying, and living simply, gaining viral attention and merchandise sales.
Western Views Lag Reality
- Western perceptions of China have remained negative and uniform for decades despite China's extensive economic and social changes.
- These views often reflect a biased lens rather than the complex and evolving reality within China.
Anti-Corruption's Economic Cost
- Overzealous anti-corruption and surveillance measures have reduced growth incentives in China.
- Excessive monitoring has demotivated officials, possibly slowing the country's remarkable economic progress.