Sayings SAYINGS

China's youth unemployment rate rises to 18.9%, while authorities still plan to invest heavily in artificial intelligence data centers, sparking public concern over an "artificial intelligence Great Leap Forward".

Central Bank Committee Member Huang Yiping warns that artificial intelligence may exacerbate China's strong supply and weak demand contradiction, suggesting market-oriented reforms to increase the proportion of household income.

Peking University issued implementation measures to enforce the requirement of "living a tight life," explicitly banning meetings at 21 scenic spots; multiple universities have recently introduced similar administrative expenditure reduction rules.

Evergrande Auto discloses interim financial report, with only 7 employees remaining, liabilities exceeding 32.7 billion yuan, and announces complete withdrawal from the automobile manufacturing business.

An analysis by The Wall Street Journal points out that while China may avoid an overt financial crisis, the bad debt losses in the real estate and banking systems will ultimately be borne by ordinary savers over the long term.

On September 10, the Yunnan Provincial Department of Transportation announced the registration status of public institution recruitment. Only one position for admissions and employment management at Yunnan Transportation Technician College was open, attracting 5,172 applicants.

On September 11, a viral video of a girl eating leftovers from a trash bin drew attention. The related comment section was strictly controlled, with only 3 comments remaining visible, and netizens left ironic messages in the bullet chats.

On September 10, the State Council Office issued a document to address the difficulty of small and medium-sized enterprises in receiving payments, requiring large enterprises not to intentionally extend payment periods, and government procurement and central enterprise projects to be paid in full in cash.

On September 10, it was rumored online that BYD stopped issuing the 2025 annual "profit bonus", and after some employees posted to confirm this, they were talked to and their posts were deleted, leading to employees collectively spamming sarcasm under the official account.

On August 28, a netizen from Wuxi posted that their remaining mortgage was 1.03 million yuan, but the house was only worth 850,000 yuan, meaning they would still owe the bank 180,000 yuan after selling the house. Many people in the comments section shared similar experiences of negative assets.