Bad economy, nosy relatives: Young Chinese put off by Lunar New Year - BBC.com | Canada News Media
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Bad economy, nosy relatives: Young Chinese put off by Lunar New Year – BBC.com

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By Lok Lee

Reuters
China’s Spring Festival travel rush is the world’s largest mass migration every year

“If I had the choice, I definitely wouldn’t go back home,” says Yuwen, a 33-year-old who has been unemployed for more than six months, days ahead of the Chinese New Year.

Many of China’s nearly 380 million internal migrants only go home once a year – and the Lunar New Year, the most important festival for family reunion, is usually the time to do it. That is why the Spring Festival travel rush, known as “chunyun”, is the world’s largest annual mass migration. Authorities are expecting a record nine billion trips this time for the Year of the Dragon.

But Yuwen dreads the homecoming trip because he says he will be grilled by relatives over every aspect of his life, particularly his work situation including salaries and benefits. His parents know he has lost his job and have been understanding about it. They have agreed with Yuwen that the best course of action is to lie to relatives that he still has his old job.

Yuwen will also spend just three days with his relatives – usually it would be more than a week. “It will be over soon,” he says.

Hundreds of young people have taken to popular social media platforms such as Xiaohongshu and Weibo to say that they will not go home for the festival. Like Yuwen, some of them are recently unemployed.

Official data released in June 2023 revealed more than one in five city-dwellers aged between 16 and 24 in China were unemployed. China then suspended the release of youth unemployment data until last month. The figure now stands at 14.9% – but the data excludes students.

After decades of breakneck growth, the Chinese economy is losing steam and the anticipated post-Covid recovery has not materialised. Its real estate market has crashed, and local government debts are mounting.

But the confidence crisis is perhaps the thorniest issue – investors are worried that the Chinese leadership will prioritise party control over economic development. Under China’s leader Xi Jinping, there have been crackdowns on private enterprises from tech to private tutoring. Relations with the West have also deteriorated over the last few years.

Handout
Yuwen is cutting short his homecoming trip

Yuwen is a victim of the clampdowns on private enterprises.

In 2014, he decided to pursue a graduate degree in Chinese language education in Beijing, about 185 miles (300km) away from his hometown in Hebei province. It was to “ride the wave of a national policy” – because Mr Xi had launched the Belt and Road Initiative a year before to spread greater influence overseas.

After he graduated, he quickly found a job at a private tutoring company and was tasked with managing and training foreign tutors for Chinese students. But in July 2021, the Chinese government banned private, for-profit tutoring in the name of easing the burden on students. This was a death knell for the $120bn (£95bn) tutoring industry.

Yuwen was forced to change careers. He got a job at a big tech company in January 2023. He was responsible for formulating live-streaming rules for its overseas platforms and supervising the work of prominent influencers. But it only lasted five months.

A regulatory crackdown on big tech since late 2020 had already wiped off more than $1 trillion in its value, according to Reuters. Then the US threatened sanctions against Chinese tech companies over concerns with Beijing’s national security legislation. That proved to be the last straw for Yuwen’s company, which decided to move its overseas operations outside China.

Yuwen says he has sent out his CV over 1,000 times in the last six months alone. He has not received any job offers even though he has already lowered his salary expectations. “At the beginning, I felt quite calm but then I became increasingly anxious. I didn’t expect it to be this difficult,” he says.

Handout
Qingfeng moved to Shenzhen to be closer to his girlfriend, who is studying in Hong Kong

In the southern city of Shenzhen, fitness trainer Qingfeng has decided to go travelling by himself for the Chinese New Year.

He will lie to his parents, telling them he cannot buy the tickets to come home. “Who doesn’t want to go home to celebrate the new year? But I just feel embarrassed.”

After leaving the military in 2019, Qingfeng started working as a fitness instructor and says he was able to make about 20,000 yuan ($2,800; £2,200) per month in Shanghai. Last year, he moved to Shenzhen to be closer to his girlfriend who is studying in neighbouring Hong Kong.

The 28-year-old found a job with a foreign trading company as he wanted more job stability. But the pay was only 4,500 yuan a month. This was unsustainable as monthly rent in Shenzhen is at least 1,500 yuan.

Qingfeng left his job after two months and has now got a position at a new gym that will open after the holidays. But he does not want to see his family, because he says he lost almost all his savings last year. He does not want to divulge details, but he says: “You can say that I have failed in the stock market.”

In early February, Chinese stocks plunged into a five-year low. The Weibo account of the US embassy became an outlet for the frustrations of Chinese investors, with some even calling on the Americans to help. Some criticised the current leadership. All such posts have since been taken down.

EPA
Not everyone is looking forward to the Year of the Dragon

Qingfeng is not sure he will be able to build a customer base at the new gym due to the economic downturn. “Many large gyms have shut down lately because of their high debts.”

But is is not just the economy that has prevented some young Chinese from wanting to go home for the festival.

Some single women – like Xiaoba – say they do not want to be pressurised by their families to get married and settle down.

“I have been working across the country. Whenever I go to a city, my mother will find a man out of the blue and tell me to go on a blind date. It’s outrageous,” says the 35-year-old project manager.

Its low birth rate has caused fears that the country will lose young workers, who are a key force in propelling its economy. Young people are increasingly reluctant to get married and have children, and the number of registered marriages has been declining for nine consecutive years, according to official data.

In October, Mr Xi said women played a “unique role” in promoting traditional virtues and there was a need to cultivate a “new marriage and childbearing culture” to tackle the ageing population. But the government’s efforts to boost marriage and birth rate so far have been ineffective.

Xiaoba no longer panics about getting married and is enjoying her life. She is planning to spend the Lunar New Year with her cat and watch the huge CCTV New Year’s Gala – which is aired every Spring Festival Eve – at her rented flat in Shenzhen.

Yuwen, for his part, hopes that the next Lunar New Year will be better. “I believe I will make it because I am determined. I have never considered giving up.”

But there are things out of his control. “I am not too optimistic about the economy in 2024.”

Interviewees have been given pseudonyms.


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A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

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