A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.

Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.

Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn’t make a country communist.

Their land use rules… that makes them communist-ish. But that’s a small part of a far larger picture.

  • Varyk@sh.itjust.works
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    1 year ago

    Really weird phrasing by cnn, and strange that the Chinese youth take it upon themselves online, since they’re performing work that is very common in China, being a nanny or a housekeeper, and getting paid in room and board. They aren’t “professional children,” they are professionals who happen to be the children of their employer.

    Despite the youth working at home and being paid, the article keeps using the phrase" professional children" as if they’re being paid to act like children.

    Totally aside from that, what makes you think the land use laws in China make China more communist? The US has essentially the same rules, that if you don’t name a beneficiary, your assets are often allocated to the state.

    As far as I understand, as long as you name a beneficiary in China, the 70-year lease on your property/ real estate can be renewed indefinitely by any directly named beneficiary.

    Is that correct as far as you understand real estate laws in China?