2026-11-03
At 8:50 AM on November 3, about 7,000 people were at a job fair site looking for work, but there were very few job openings, leaving a large number of people just sitting around to kill time.
2026-11
A factory in Jiangxi forcibly deducted workers' wages for two consecutive months without any explanation, causing wages to drop to 2,500 yuan and triggering protests.
2026-10-22
On October 22, the CSI 300 index closed down 1.84%, falling about 20% from its June high and entering a technical bear market; according to Bloomberg, the STAR 50 and ChiNext indices have both fallen about 40% in the second half of the year, and analysts believe the national team may need to buy more and for longer.
2026-10-22
According to a report by Yicai on October 22, from January to September 2026, nationwide urban and rural residents' household electricity consumption was 123.46 billion kilowatt-hours, down 0.3% year-on-year — the first decline for the same period in nearly ten years.
2026-10-21
On October 21, a Douban user posted that AI-driven layoffs are becoming increasingly common: apart from "Ningxia News Broadcast," the anchors at Ningxia TV have been replaced by AI; after Lao Gan Ma introduced AI pepper selection, the pepper-sorting positions were cut from more than 600 people to 48; the post also listed large-scale layoffs at multiple overseas tech companies including Coinbase, PayPal, and Meta.
2026-10-20
Reuters reported on October 20 that some unemployed people in China leave home on time every day to pretend they are going to work in order to hide their job loss from their families, such as a 28-year-old laid-off internet worker in Chongqing who goes out from 9 a.m. to 6 p.m. every day. Cornell scholar Diana Fu said this behavior buffers collective discontent and helps Beijing delay the choice between automation and employment.
2026-10-20
The Wall Street Journal reported that China's flexible employment population is expected to rise to 320 million this year, accounting for more than 40% of urban employment. People from all walks of life, including headhunters and street vendors, say their incomes have fallen and they are switching to cheaper alternatives.
2026-10
Large numbers of job seekers who cannot find work are gathered on the streets of Guangzhou, rushing about everywhere in search of employment.
2026-10
IELTS tests are being cancelled at short notice on a large scale in many parts of the country; some candidates are already on their way and have printed their admission tickets, and the reason remains unknown.
2026
Xiaomi's employee count decreased from 56,531 at the end of 2025 to 52,876, a reduction of 3,655 people in half a year; R&D personnel decreased by 500.
2026-09-29
On September 29, a garment industry worker posted a video titled "Unemployment Scene in Guangzhou," saying that many people at the day-labor market on Qiaonan Xinjie Street in Guangzhou had been waiting early in the morning for daily-paid work. Some had gone several days without landing a job, and their savings were gradually running out. The poster said a daily wage of 150 yuan was already considered decent, and that earning 300 yuan would mean staying up late into the night.
2026-01
From January to May 2026, Beijing's total retail sales of consumer goods fell by 2.5% year-on-year.
2026-09-26
Simulations and calculations show that, in order to hold to the general budget target, the government's continued intensification of tax collection would make the tax base and corporate profits unable to bear the load, and the moment the red line is burned through falls around October 2028.
2026-01
According to data cited in the video, in the first five months of 2026, China's land transfer revenue fell by nearly 30% year-on-year, a steeper decline than for the whole of 2025.
7月22日
A netizen shared a video of two elderly people fighting over cardboard boxes, sparking sighs in the comments section about social involution. Some netizens pointed out that given the involution and food safety issues in China, many people might not even live long enough to reach the age of fighting over cardboard boxes.
2026-09-21
Reports on September 21 showed that the unemployment rate among non-student youth aged 16 to 24 in China rose to 18.9%, amid a continuing economic downturn. Although multiple economists have warned that AI is unlikely to drive employment, Beijing still plans to invest approximately $295 billion over the next five years to build a national data center network. Xi Jinping emphasized the importance of focusing on "hard power" rather than just GDP.
2026-09-17
On September 17, Evergrande Auto released its 2026 interim results, showing that the company has only 7 employees left, with total assets of approximately 182 million yuan and liabilities as high as 32.722 billion yuan. The company explicitly stated that it has exited the vehicle manufacturing business and has no intention to resume it, with the net profit for the first half of the year mainly derived from exchange gains on borrowings.
2026-09-15
At the September 15 press conference of the State Council Information Office, the National Bureau of Statistics announced that the average urban surveyed unemployment rate for January to August nationwide was 5.2%, with the August monthly rate at 5.3% and a month‑on‑month increase of 0.1 percentage point. The authorities described the employment situation as overall stable, prompting netizens to mock and question statistical rules such as the exclusion of flexible employment from unemployment counts.
2026-09-10
On September 10, the Yunnan Provincial Department of Transport announced the application status for public institution recruitment. Among them, the "Admissions and Employment Management Post" at the Yunnan Transport Technician College recruited only 1 person, but attracted 5,172 applicants, with 4,953 passing the review and 2,106 completing the payment. This position has no major restrictions and is included in the public institution establishment.
2026-09-11
On September 11, a video circulated online showing a girl searching for and eating leftover food from a trash can, which garnered widespread attention and shares. The comment section for the related video was strictly limited, displaying only 3 comments, while a large number of netizens used bullet comments to express sarcasm and commentary.
2026-09-02
In the early hours of September 2, a large number of migrant workers gathered at the labor market waiting for work, and people continued to arrive on site.
2026-09
China's National Bureau of Statistics released fixed-asset investment data for January to August. Investment nationwide fell 7.2% year-on-year, while in the Northeast region fixed-asset investment dropped 25.5%, with Liaoning down nearly 30% in the first half of the year.
2026-09
Videos from Xiamen indicate a decline in foreign trade and manufacturing orders, with some enterprises laying off staff or cutting employee wages from 7,000-8,000 yuan to 5,000-6,000 yuan, leading employees to resign voluntarily.
2026-09
Some returning migrant workers stated that job wages in Fujian, especially Xiamen, are mostly 4,000 to 5,000 RMB per month, making it difficult to cover rent and living costs, prompting some migrant workers to return home.
2026-09
Job seekers in Shanghai report being out of work for more than half a year and going months without interview invitations; some say they spend hours each day on job-hunting apps yet still struggle to get any reply.
2026-09
A 35-year-old employee of a major tech company was laid off and is facing difficulty finding a new job, reflecting the grim state of the current job market.
2026-09
A number of large companies in the Chengdu area have carried out layoffs, with many people job-hunting for as long as two or three months, while small companies have successively suffered losses and gone out of business, showing the impact of the economic downturn on the city's job market.
2026-09
There has been a significant increase in the number of middle-class business owners in Shandong, Henan, and Hebei inquiring about immigration and applying for passports, which may be related to concerns about the domestic economic outlook.
Location: Hebei, Henan, Shandong ·
Importance III ·
Verification: Reported ·
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2026-09
China's published fiscal data shows that in the first 8 months of 2026, revenue from state-owned land transfers exceeded 1.3 trillion yuan, a year-on-year decline of 28.6%.
2026-09
China's fiscal data show that in the first 8 months of 2026, debt interest payments approached 1 trillion yuan, a year-on-year increase of 5.4%.
2026-09
A large number of closed shops and faded 'for transfer' or 'for rent' advertisements have appeared on the streets of Xiamen, with some restaurant owners stating they can no longer afford the rent.
2026-09
A videographer at Huijing Life Plaza near Luban Road subway station in Huangpu District said that multiple shops have closed, with Starbucks, a beef restaurant, a barbecue restaurant and an education and training institution among those that have ceased operations, and foot traffic in the mall is sparse.
2026-09
A videographer at New Continent Plaza in Lujiazui, Pudong, said that many shops in the plaza had already closed, and the shops on the second floor were also relatively deserted.
2026-09
A Shanghai netizen said that in the Changshou Road area, some people who have nowhere to live bring blankets at night and sleep on other people's spare sofas, and when the weather is warm, some also sleep under bridges.
2026-09
Shanghai netizens say food delivery platforms are seeing fewer orders, and those who want to work in food delivery or ride-hailing have to queue up; others say the delivery hall is short of orders and the work is hard to do.
2026-09
As of September 2026, a number of Grade III-A hospitals across the country have successively begun layoffs, starting with contract employees whose terms have expired and are not being renewed.
2026-09
Recently, libraries in many parts of China have seen long queues for seats. A large number of unemployed individuals and middle-aged people are using libraries as a refuge to alleviate the psychological stress caused by unemployment.
2026-08-24
The topic "45-year-old female master's graduate sets up a fruit stall after losing her job" topped Weibo's hot search, sparking widespread discussion and resonance.
2026-08-21
Data released by the Ministry of Finance of the Chinese Communist Party (CCP) shows that land grant revenue across China fell by 31% from January to July 2026.
2026-08-14
On August 14, 2026, Finnish telecom equipment maker Nokia confirmed that it will close its radio technology R&D center in Hangzhou, China, with about 1,600 employees affected by the layoffs, marking a further reduction of its business in China.
2026-08
According to projections based on multiple independent channels, approximately 3.84 million businesses across China permanently ceased operations in the first half of this year, with a half-year exit rate exceeding 11%.
2026-07-30
Data from the National Institution for Finance and Development show that the household sector's leverage ratio stood at 59.0% at the end of Q1 2026 and dropped to 57.7% in Q2, while household mortgage debt has recorded negative growth for 13 consecutive quarters since Q2 2023.
2026-07-22
In the first quarter, 28 provincial-level administrative regions in China had a general public budget self-sufficiency rate of less than 100%, meaning local budget revenue was insufficient to cover expenditures.
2026-07-10
On July 10, 2026, media reported that Meituan has been laying off staff in multiple departments, including in-store group buying and instant delivery, since May, with some teams seeing cuts of up to 20%. Meituan responded that fewer than 2,000 people had actually left over the two months, describing it as normal staff turnover.
2026-07-10
On July 10, 2026, media reported that Xiaomi has been laying off staff in batches since March in divisions such as smartphones and automobiles, with the initial ratio reportedly reaching 30%. Xiaomi responded that there is no large-scale layoff and that it is merely a normal business adjustment.
2026-07
The video claims that in 2026 the central government's annual new debt will reach 16 trillion yuan, higher than the 7.2 trillion yuan in 2021.
2026-07
Li Daokui stated explicitly at a macroeconomic forum that China's broad unemployment rate in 2025 has reached 10.2%, with the long-term frustrated population exceeding 24 million, the vast majority of whom are young people under the age of 24.
2026-07
The video claims that more than 70% of the debt currently issued by the Chinese Communist Party is bought by banks.
2026-07
The host noted that many private schools in China had difficulty recruiting students last year, with some even receiving zero applications, leading to the closure of some schools. This reflects the impact of the current economic downturn on the education sector.
2026-07
The ten-year government bond yield has fallen to 1.74%, half the average level of the past twenty years, deepening the income crisis for long-term assets such as pension funds.
2026-06-17
At the Shenzhen import and export trade fair, due to a scarce turnout of buyers and suspicions of hiring fake foreigners to pad attendance, hundreds of exhibitors staged a collective protest demanding refunds of tens of thousands of yuan in exhibition fees, while a large contingent of SWAT police confronted and suppressed them at the scene.
2026-06-17
On June 17, 2026, Radio Free Asia reported that manufacturing enterprises in Guangdong, Jiangsu, Zhejiang, and other regions are accelerating the introduction of industrial robots to reduce social security and labor costs, changing the employment structure in manufacturing and further exacerbating employment pressure.
2026-06-12
According to the Chinese Communist Party's March budget execution report, the scale of statutory government bonds has officially surpassed 100 trillion yuan, while hidden debt is estimated at no less than 90 trillion yuan.
2026-06
According to statistics from the Magic Mirror Insight monitoring agency, mainstream e-commerce mooncake sales from June to August 2026 totaled 439 million yuan, down 21.6% year-on-year.
2026-05-28
In late May 2026, multiple netizens posted on social platforms claiming that Meituan had launched a new round of layoffs involving multiple technical positions such as product, R&D and testing, with layoff ratios for some positions reportedly reaching 25% to 50%.
2026-05
The National Bureau of Statistics of the Chinese Communist Party released data for January to April, showing a year-on-year increase of 18.2% in total profits, but profits in the real estate chain—such as non-metallic minerals and ferrous metal smelting—plunged sharply, showing extreme divergence.
2026-05
Total retail sales of consumer goods in May showed their first negative value since the pandemic, foreign investment, confidence index, and local government finances all hit record lows, while the official unemployment rate slightly dropped to 5.1%.
2026-04
In the first quarter of 2026, China issued more than 6.7 trillion yuan in government bonds, of which local government bonds exceeded 3.1 trillion yuan and treasury bonds exceeded 3.6 trillion yuan.
2026
The video cited data claiming that China's property yields are about 2.26%, below the 3.5% benchmark cost of funds, with a net carry of about -1.24%; no public report of this data could be found.
2026
In 2026, the posted one-year lump-sum deposit rate at large state-owned banks was 0.95% and the three-year rate was 1.25%; the video analyzed on this basis that the purchasing power of household savings is being eroded by inflation.
2026
After peaking at 13.42 million in 2024, the number of Gaokao registrations in China has continued to decline, dropping to 12.9 million in 2026, a decrease of 450,000 from the previous year.
2026
Leiyang, Hunan once claimed that its industrial park had introduced more than 60 enterprises, but in reality, there were only 5 enterprises with fewer than 100 employees.
2026
A job seeker in Hangzhou found that 21 people were competing for several positions when applying for a kindergarten childcare worker job, including a former colleague from their previous company.
2026
A 32-year-old worker says he fell victim to a scam and took on debt while unemployed last year, and was laid off again after finding a new job this year.
2026
According to Caicai magazine, Xiaomi Home has closed more than 2,000 stores within half a year.
2025-11
A 35-year-old programmer has remained unemployed since being laid off in late November 2025, and says he is limited by his educational background.
2025-04-22
From 2010 to 2024, the permanent resident population of the three northeastern provinces dropped by 14.56 million from a peak of 109 million, including 2.23 million in Liaoning, 4.293 million in Jilin, and 8.043 million in Heilongjiang, bringing the total back to the level of the 1980s.
2025
According to forecasts by CCP statistics departments cited in the video, China's working-age population will decrease by 250 million between 2025 and 2050, weakening the demographic foundation for home purchases and credit expansion.
2025
Official data shows that in 2025, nearly 160,000 people nationwide were disciplined for issues such as "inaction, arbitrary actions, and fraud," a year-on-year increase of 16%.
2025
In the first three quarters of 2025, China's net direct investment was negative.
2025
In 2025, China's use of foreign capital fell 9.5% year-on-year, marking the third consecutive year of decline.
2025
According to data calculated by a major influencer on X, China's construction industry workforce dropped from 58.77 million to 51.14 million for the whole year of 2025, a decrease of 7.62 million within one year, with a drop rate of 12.97%.
2025
In 2025, the number of blue-collar workers in China grew to 427 million, while white-collar jobs decreased significantly, indicating a structural downgrade in employment.
2025
According to the statistical bulletin released by the Ministry of Human Resources and Social Security of the CCP, the total national employment population decreased by 9.35 million compared to the previous year, a decline of 1.27%, while the number of people receiving unemployment insurance benefits rose significantly.
2025
According to the 2025 China Sports and Fitness Industry Data Report, the total number of fitness members nationwide in China exceeds 84 million, down 3.44% year on year.
2025
According to conservative estimates by Bloomberg, by the end of 2025, over 100 million of China's 1.1 billion adult population faced overdue debts, accounting for a staggering 10.6%.
2024
In 2024, China's net direct investment was negative 0.8% of gross domestic product.
2024
Hailun's general public budget revenue in 2024 was 6.77 hundred million yuan and expenditure was 72.64 hundred million yuan, with revenue accounting for about 9% of expenditure.
2024
Hailun budgeted 38.3 million yuan in revenue from fines and confiscations at the beginning of the year, but actual revenue at year-end was 59.51 million yuan, a budget completion rate of 155%.
2023
In 2023, China's net direct investment widened to negative 1% of gross domestic product.
2022
In 2022, net direct investment on China's balance of payments turned negative for the first time, at -0.1% of gross domestic product.
2022
According to reports, by 2022 Zibo's debt increased to approximately 108 billion RMB, doubling from before Jiang Duntao took office.
2021
China introduced policies targeting after-school tutoring and the private education industry; the video claims that education and training institutions such as New Oriental were hit as a result.
2020-05-28
On May 28, 2020, at the closing press conference of the Two Sessions, Li Keqiang said that China's per capita annual income is 30,000 yuan, but 600 million people earn only 1,000 yuan a month.
2020-03-16
Driven by the market collapse triggered by the epidemic, the VIX hit a record single-day closing high of 82.69, the highest since its inception in 1990.
2017
In 2017, Huawei carried out a mass purge of employees over the age of 34, an action widely regarded as the origin of today's phrase "the anxiety of programmers over 35."
2016-09
In September 2016, Dushan County in Guizhou broke ground on a nearly 100-meter-tall all-wood Water Company Building despite fiscal revenue of less than 1 billion yuan, taking on nearly 200 million yuan in debt; it later became an unfinished project after the funding chain broke.
2010
Heilongjiang's resident population fell from a peak of 38.33 million in 2010 to 30.01 million in 2025, a decrease of 8.32 million over 15 years.
1998-05-13
By the end of 1997, a total of 12.74 million workers had been laid off or reassigned by state-owned enterprises nationwide, of whom 6.34 million had still not been re-employed; some enterprises were unable to guarantee basic living allowances and social insurance.
1998-03
After taking office as Premier of the State Council, Zhu Rongji initiated the three-year relief program for state-owned enterprises. Through the policy of 'seizing the large and releasing the small' and downsizing for efficiency, he triggered a massive wave of layoffs among SOE workers.
1998
Between 1998 and 2003, the total number of laid-off workers nationwide reached 28.18 million, among which the three northeastern provinces accounted for a huge share, with workers in Liaoning, Heilongjiang and other places subjected to the buyout of their years of service.
1997
The state-owned sector's push for "grasping the large and letting go of the small" and the buyout of employees' seniority led to about 40 million workers in state-owned and collective enterprises losing their jobs; the breakdown of the social contract triggered serious social and economic problems.
1990
In 1990, China's GDP growth fell further to 3.8%, and the economic situation was severe.
1990
The restructuring of state-owned enterprises led by Zhu Rongji officially recorded 28 million workers laid off in just six years; in total, about 60 million jobs disappeared from the state sector, including public sector positions. The northeast region was hit hardest, with its share of GDP falling from about 10% to 4.6%.