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To Rejuvenate or to Rot: Will The Tang Ping and Bai Lan Silent Revolution Destroy China's Future Economy?

2 Desember 2022   19:59 Diperbarui: 2 Desember 2022   20:08 5214
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Kompasiana adalah platform blog. Konten ini menjadi tanggung jawab bloger dan tidak mewakili pandangan redaksi Kompas.

Tang ping and bai lan precisely attack  the very core of Xi Jinping's "Chinese Dream" ideology, which he described as the "Great Rejuvenation of the Chinese Nation". Only by promoting common prosperity, increasing average wage, and improving human capital can China increase overall productivity and integrate the foundations for high-quality development, in order for the  "Chinese Dream" to come to reality and for the country to become "rejuvenated". But Chinese youths won't walk the talk. As demonstrated, tang ping and bai lan have negatively affected young people's judgements and behavior toward productivity, marriage, employment, and even consumption. The economic superpower is currently at a crossroad of becoming a high-income economy or finding itself tumbling in the middle-income trap. These movements are detrimental to China's economy where growth might stagnate and incomes stall. If Chinese youths continue living by these slacker cultures, then there will not be a rise in overall national income and China will stay where it is: a middle-income zone, rotting. Tang ping and bai lan, which is peaking in terms of its popularity --beyond any doubt -- has a significant role to play. So, to supporters of these movements, would you still lie down and let your country rot?

Nur Hayya Kinasih | Economics 2022 | Trainee of Kanopi FEB UI Studies Division 2022/2023

References

Brandt, Loren; Litwack, John; Mileva, Elitza; Wang, Luhang; Zhang, Yifan; Zhao, Luan. 2020. China's Productivity Slowdown and Future Growth Potential. Policy Research Working Paper;No. 9298. World Bank, Washington, DC. World Bank. https://openknowledge.worldbank.org/handle/10986/33993 License: CC BY 3.0 IGO.

CEIC Data (2022). China Unemployment Rate. Ceic Data. Retrieved November 29, 2022, from https://www.ceicdata.com/en/indicator/china/unemployment-rate

Davidson, H. (2022, February 9). Claims that overwork killed China tech worker reignites '996' debate. The Guardian. Retrieved November 29, 2022, from https://www.theguardian.com/world/2022/feb/09/claims-that-overwork-killed-china-tech-worker-reignites-996-debate

Harrison, V., & Palumbo, D. (2019, October 1). China anniversary: How the country became the world's 'economic miracle'. bbc. https://www.bbc.com/news/business-49806247

Hu, Z., & Khan, M. S. (1997). Why Is China Growing So Fast? International Monetary Fund, (8). https://www.imf.org/EXTERNAL/PUBS/FT/ISSUES8/INDEX.HTM

Livingston, G. (2011, October 12). In a Down Economy, Fewer Births. Pew Research Center. Retrieved November 29, 2022, from https://www.pewresearch.org/social-trends/2011/10/12/in-a-down-economy-fewer-births/

Lovely, M. E., & T. H. (2022, November 24). China has few options to revive lagging economic growth. Peterson Institute for International Economics. https://www.piie.com/blogs/realtime-economics/china-has-few-options-revive-lagging-economic-growth

Manyika, J., Woetzel, J., Remes, J., Mischke, J., & Krishnan, M. (2018). McKinsey. Retrieved December 2, 2022, from https://www.mckinsey.com/featured-insights/regions-in-focus/solving-the-productivity-puzzle/pt-br

National Bureau of Statistics of China (2022). Total Retail Sales of Consumer Goods in the First Ten Months of 2022. National Bureau of Statistics of China. http://www.stats.gov.cn/english/PressRelease/202211/t20221116_1890351.html

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