China's Economy: Is It Utterly Donkey?

Stagnant Stodge: The Income Issue

Right let's get one thing straight. I've seen more life in a bloody graveyard than in China's consumer spending right now! Four months of declining prices? Consumer confidence lower than a snake's belly? It's like a bloody horror show in here! The main culprit? Stagnant incomes. Disposable income growth has halved since 2020 averaging a measly 5% a year. Pathetic! You call that a bloody raise? That's an insult! Most jobs aren't giving proper wage increases and only three sectors – mining utilities and IT – have seen wage growth outpace GDP. This is absolute bollocks!

Unemployment Nightmare: The Youth Are Screwed

And what about the bloody youth? The unemployment rate for 16 to 24 year olds not in school is nearly 16%! That's a disgrace! A whole generation being left to rot! Meanwhile the official city jobless rate hovers around 5%. But let's be honest these bloody numbers are probably as accurate as a chocolate teapot. Businesses are struggling factories are getting hammered by U.S. tariffs and nobody seems to give a damn. Wake up and smell the bloody coffee China! This is a disaster waiting to happen!

Savings Bonanza: Hoarding Like There's No Tomorrow

The Chinese are saving money like they're preparing for the bloody apocalypse! A record 64% of households said they'd rather save than spend or invest. Even after a slight dip over 60% are still hoarding cash. And what are they planning to spend on? Education healthcare and tourism. Sensible choices yes but where's the bloody fun? Where's the spontaneity? They're all too worried about the future. I can’t blame them. China clearly needs to implement a proper social safety net or these people will never spend any money!

Property Problems: A Real Estate Nightmare

And don't even get me started on the property market! It's in a bloody freefall! Property accounts for most household wealth in China and this slump is making people tighter than a duck's arse. Aint nobody got money to spend when they’re worried about their house going down the drain! The Chinese need to find a way to get that market sorted and fast!

Dodgy Solutions: Vouchers and Holidays are Not the Answer!

Some bloody economist thinks doubling pension payouts increasing public holidays and offering consumption vouchers will solve this? Are you taking the piss? That's like putting a plaster on a bloody gunshot wound! It is time for the Chinese government to get their act together. All these efforts need proper support and a bloody good overhaul or they’ll be back to square one within a year!

The Flight from Big Cities: Tier 1 Turmoil

And to top it all off people are buggering off from the big cities! Shanghai and Beijing lost residents last year while smaller cities saw growth. They're all turning to lower priced products too. It's a race to the bottom! Even flower sales are feeling the pinch. Lower tier cities are buying more flowers but at lower prices. What is the point of that? It is time for China to step up its game or I might have to fly over there myself and give them a piece of my mind.