Since the purge of high-ranking officials in the Rocket Force in 2023, a large number of senior military officers and officials in the Chinese military and defense industry have been brought down. On August 24th, the Chinese military suddenly issued a public announcement, soliciting clues from the public regarding irregular procurement issues in the Rocket Force. This move by the military has sparked concerns from the public, with many wondering how many more internal problems are yet to be uncovered within the Rocket Force. Does this action signify the start of another round of cleansing?
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Simultaneously, renowned artist Gao Shen was sentenced to three years in prison for creating sculptures that satirize Mao Zedong.
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Furthermore, the Chinese economy continues to be sluggish, with the Central Committee’s Financial and Economic Affairs Commission issuing rare consecutive statements for four days, calling for “confidence to be firm” on one hand, while acknowledging that the economy is facing multiple pressures on the other. There are doubts from the public regarding what Beijing is truly concerned about behind this flurry of statements.
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In the job market, a group of recent graduates with master’s and doctoral degrees who joined a certain listed company just over a month ago have been exposed to the choice of “resign or go work on the production line.” Currently, the youth unemployment rate has risen to 17.9%, and AI is accelerating its impact on entry-level positions. Against this backdrop, how much job space is left for young people in China?
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Production Team of “Jiayin Moment”