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.
Your link is from 09 Dec 2019. Not every investment works out.
Here’s how Tianjin looks like after that
Tianjin China’s Forgotten City 2021 | 中国被遗忘的城市 | 天津 4K HD
2022 Tianjin, China 🇨🇳 in 8K ULTRA HD 60FPS at night by Drone
2023 An Amazing Light Show in Riverside Park of Yujiapu,Binhai New Area of Tianjin in China