J3K/Zoomers

China's Generation Z is caught in a maelstrom of disillusionment and diminishing opportunities. Here's a summary of the situation:

Roots of the Crisis:

• One-Child Policy Aftermath: The long-term consequences of this policy have created a demographic crisis. A shrinking workforce grapples with the burden of supporting an aging population, leading to economic strain.
• COVID Mismanagement: The CCP's draconian lockdowns and ineffective handling of the pandemic have shattered public trust. The endless restrictions and economic disruptions have fueled widespread lockdown fatigue and resentment.
• Economic Slowdown and Real Estate Crisis: The lockdowns have crippled the economy, leading to soaring unemployment. The collapse of real estate giants like Evergrande and, once considered safe investments, has obliterated savings and further eroded confidence.

The Great Migration Wave:

Faced with bleak prospects, many young Chinese are seeking greener pastures elsewhere. Countries like Thailand offer cheaper living costs and greater economic freedom, sparking a wave of emigration.

The "Let it Rot" Mentality

• Crushed Dreams: The traditional "Chinese Dream" of homeownership, taking care of their family, and a successful career now feels increasingly unattainable. This, coupled with the relentless pressure of the 9-9-6 work culture (9 am to 9 pm, 6 days a week), has fostered a "let it rot" attitude among many in Gen Z.
• Why Try at All?: If hard work doesn't guarantee a better life, and the odds seemingly are stacked against them, many young people lose motivation to strive for success as defined by the system.

Crypto as an Alternative Path:

• The CCP's cryptocurrency ban closed off a potential avenue of wealth generation and financial freedom outside of the traditional, government-controlled system. For some, this further solidified the belief that playing by the rules is a losing game.

Consequences:

China's Gen Z, once the engine of innovation and ambition, is facing a crisis of motivation. This has dire implications for the nation's future economic growth and social stability.