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BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Troubles in China
In China, there is an overcapacity in various areas, like cars and property. The options are to let the lines go idle and lose millions of jobs or produce and sell the excess at a low cost. The youth unemployment rate is believed to be high, with estimates suggesting it could be around 50%. Manufacturing and property are significant industries in the Chinese economy, but both are facing challenges.
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