China is doubling down on solar power production, making the West’s chances of catching up even slimmer. China has been outspending the rest of the world in clean energy deployment for years now, out-investing other economic superpowers by a factor of four.
The property bubble is bursting on a national level, and unemployment rates are punishing, and set to soar. With a record 11.79 million students expected to graduate from university this year in China, an already massive pool of job-seekers will face punishing levels of competition for an insufficient number of employment opportunities.
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