meta_pixel
Tapesearch Logo
Log in
The Indicator from Planet Money

Young, "spoiled and miserable" in China

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 30 August 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Every day, A Ze, a young woman in Beijing, would wake up early, do her makeup, and walk to her old work bus stop... and keep going. She'd left her job but couldn't let her parents know.

China's urban youth unemployment rate hit 21% in June, a number way up from pre-pandemic times. But at the same time, factories are crying out for workers.

Today, we talk about China's slowdown in growth, and how it's hit white-collar job openings the hardest, and how China's educated young people are sometimes opting out of work entirely.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Transcript

Click on a timestamp to play from that location

0:00.0

In Beijing about six months ago, Ada quit her job and she didn't tell her parents.

0:18.5

So I had to go out on time at eight o'clock every morning and then appear downstairs in

0:25.4

her house.

0:27.6

Wearing her work clothes and a face full of makeup each morning, Ada pretended to

0:31.6

walk to her old bus stop and then she would keep walking.

0:35.7

She'd get breakfast at KFC or McDonald's, then around 10 she'd go to a cafe like the

0:40.4

one we met her in.

0:41.9

And it's here where she would usually take out her pencils and start drawing.

0:50.0

Drawing is the best way to pass the time in my opinion because you'll spend most of

0:53.7

the time drawing without even knowing it.

0:56.3

Ada is one of tens of millions of young Chinese people who don't have jobs and aren't

1:01.6

in school.

1:03.0

In June, the urban youth unemployment rate hit 21%.

1:07.8

And that's way up from pre-bandemic times.

1:10.6

It's one in five, 16 to 24-year-olds who have looked for a job over the last few months,

1:16.2

but don't have one.

1:17.6

And the numbers are so disconcerting that a few weeks ago, the Chinese government put

1:21.9

a pause on publishing them, citing the need for a review.

1:25.7

But this vast number of unemployed people is getting a lot of scrutiny because what

1:29.8

it means has big implications for the Chinese economy and the world.

1:36.7

This is the indicator from planet money, I'm Whelan Wang.

1:39.3

And I'm Darien Boards.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.