Crisis of Confidence in China’s Economy Dampens Chinese New Year

Crisis of Confidence in China’s Economy Dampens Chinese New Year
Migrant workers look for job opportunities along a roadside in Shenyang, Liaoning Province, China, on September 30, 2015. China Photos/Getty Images
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News Analysis
As the Chinese New Year holiday draws near, many ordinary citizens are not in the mood to celebrate as they are losing confidence in China’s economy. Protests, workers demanding unpaid wages, and the “lying flat” movement among young people underscore the country’s economic downturn as people struggle to make ends meet.

Workers Demand Higher Wages

In a phone interview with the Chinese-language edition of The Epoch Times on Jan. 19, Zhou Hua (pseudonym), a former employee at Donglong Garment Co. in Shangqiu, Henan Province, said that her colleagues had been on strike since Jan. 16, demanding a wage increase. She also said that strikes occur frequently at the company.
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