How China's Economic Miracle Went Off the Rails
Plain English with Derek Thompson
The US and China: Diverging Approaches to Building and Unemployment
China has overbuilt in terms of housing and clean energy, while the US is facing a shortage. This divergence in approach to building for the future is impacting housing affordability in the US. Additionally, China's youth unemployment rate, although censored, is said to be higher than 20%, resembling levels of deep recession in the US.
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