China is experiencing a historic economic crisis, which has caused many people to question the future of the country.
But is it really a new problem or is it just the normal result of a new generation of Chinese leaders?
This article argues that economic mobility is declining in the country, as well as the countries of the world.
It looks at why economic mobility has dropped and what the implications are for the future.
We begin by reviewing some of the key drivers behind the declining economic mobility in China.
We then explore some of these drivers, including: economic inequality, high unemployment, the changing nature of work and how this has changed the nature of the workforce, and the importance of skills.
We conclude by examining how economic mobility might change in the future and what these changes might mean for the economy and the future generations.
This article is part of the ‘How Do We Survive the Coming Economic Catastrophe?’ series, a collection of articles exploring the issues and future challenges of the 21st century.