China¡¯s new economic model is putting the future of Asia¡¯s Gen-Z at risk.
The continent is home to some of the world¡¯s most trade-oriented economies and rode globalization to lift the lives and livelihoods of hundreds of millions. But it¡¯s now being hit by a double whammy: an export base that has come under growing pressure from a flood of cheap goods from China, unquestionably the dominant power in the region, and U.S. President Donald Trump¡¯s trade war.
It¡¯s frustrating a generation already struggling because of stagnant wages and soaring living costs. They¡¯re having to face the reality that the manufacturing jobs that powered prosperity for their parents are becoming harder to find, even as the white-collar ladder is increasingly crowded for university graduates, too.
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