Public servants, teachers, healthcare workers, and employees of state-owned enterprises—professions long considered symbols of stability in China—are experiencing significant changes.
Delays in salary and allowance payments, problems with social insurance and housing fund contributions, drastic salary cuts at hospitals, and layoffs at state-owned enterprises are all contributing factors. Some serious cases have even been reported where individuals have not received their salaries for extended periods.
The underlying cause is the rapid deterioration of "land finance," which Chinese local governments have long relied on.
Financial revenue from land and real estate has decreased significantly, impacting the flow of funds from local governments to construction companies, subcontractors, and workers on-site.
Why are salary problems occurring in professions previously considered secure?
And to what extent will the decline in land revenue affect local finances and people's lives in China?
This video will examine the underlying problems in local finance by following case studies of public servants, teachers, doctors, nurses, state-owned enterprise employees, and migrant workers.
#ChineseEconomy #China #LocalFinance #RealEstateCrisis #CivilServants
00:00 ~ OP
00:45 ~ 1. Civil servants' salaries disappear in Shenzhen, China's wealthiest city
05:00 ~ 2. Something strange is happening with the Iron Rice Bowl; not only salaries but also social security payments begin to stop
09:26 ~ 3. Half a year's worth of pay for 12 months of work? Finally, an abnormal situation where salaries are paid with borrowed money
13:14 ~ 4. Doctors unpaid for 20 months, hospital salary crisis spreading to nurses
17:32 ~ 5. Veteran nurses cut, even teachers not receiving salaries at schools
21:26 ~ 6. State-owned enterprises are not safe either, 6,000 cuts and one year of unpaid work for young employees
25:44 ~ 7. Salaries cut by 40-50%, massive cuts hitting state-owned enterprises and civil servants
30:02 ~ 8. Approximately $86 billion disappears in 8 months, a huge hole in China's "land finance"
35:04 ~ 9. Migrant workers waiting 5 years for their salaries, the vicious cycle of local finances continues
Public servants, teachers, healthcare workers, and employees of state-owned enterprises—professions long considered symbols of stability in China—are experiencing significant changes.
Delays in salary and allowance payments, problems with social insurance and housing fund contributions, drastic salary cuts at hospitals, and layoffs at state-owned enterprises are all contributing factors. Some serious cases have even been reported where individuals have not received their salaries for extended periods.
The underlying cause is the rapid deterioration of "land finance," which Chinese local governments have long relied on.
Financial revenue from land and real estate has decreased significantly, impacting the flow of funds from local governments to construction companies, subcontractors, and workers on-site.
Why are salary problems occurring in professions previously considered secure?
And to what extent will the decline in land revenue affect local finances and people's lives in China?
This video will examine the underlying problems in local finance by following case studies of public servants, teachers, doctors, nurses, state-owned enterprise employees, and migrant workers.
#ChineseEconomy #China #LocalFinance #RealEstateCrisis #CivilServants
00:00 ~ OP
00:45 ~ 1. Civil servants' salaries disappear in Shenzhen, China's wealthiest city
05:00 ~ 2. Something strange is happening with the Iron Rice Bowl; not only salaries but also social security payments begin to stop
09:26 ~ 3. Half a year's worth of pay for 12 months of work? Finally, an abnormal situation where salaries are paid with borrowed money
13:14 ~ 4. Doctors unpaid for 20 months, hospital salary crisis spreading to nurses
17:32 ~ 5. Veteran nurses cut, even teachers not receiving salaries at schools
21:26 ~ 6. State-owned enterprises are not safe either, 6,000 cuts and one year of unpaid work for young employees
25:44 ~ 7. Salaries cut by 40-50%, massive cuts hitting state-owned enterprises and civil servants
30:02 ~ 8. Approximately $86 billion disappears in 8 months, a huge hole in China's "land finance"
35:04 ~ 9. Migrant workers waiting 5 years for their salaries, the vicious cycle of local finances continues
もし自分の職場で給料の遅配が始まったら、どの時点で「もうここは危ない」と判断しますか?
今回の内容で特に驚いた部分と一緒に、皆さんの感覚をコメントで聞かせてください!