These aren’t protests by the masses, these are “protests” by investors upset that China is de-risking the real estate market exactly to prevent a Lehman style crash.
These investor are ‘visited’ by police telling them to shut up, supposedly because Beijing gets nervous about its economy.
The measures taken by China in 2020 in the property market (especially regarding the liquidity ratios) were correct, but they came far too late. It is another example why a centrally planned economy can’t work and is bound to produce devastating effects in the long run. (‘In the west’ there are similar liquidity rules in financial services, but they aren’t always applied due to massive lobbying activities as we could once again see recently in tbe U.S. with the failure of Silicon Valley Bank and others.)
Having a low youth unemployment means your youth are either not getting educated, or are being forced to work during their education.
Please stop posting such garbage. China has a lot of well educated young people, but they find no jobs.