Tech
China’s Looming Crises | CNBC Marathon
CNBC Marathon examines China’s crises, encompassing real estate collapse, population decline, and soaring urban youth unemployment.
China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world’s second-most populous country also has a major youth unemployment problem. China’s urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.
China remains home to 1.4 billion people. But that number is getting smaller. The country’s National Bureau of Statistics reported China’s population slipped to 1.412 billion last year from 1.413 billion in 2021. The last time China saw negative population growth was in the 1960s. Many experts believe that China’s one-child policy, introduced in the 1980s, is one of the main reasons for the population decline.
China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ‘ghost cities’ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why.
Chapters:
00:00 Introduction
00:48 Why Youth Unemployment Is Surging In China (Published September 2023)
12:32 What China’s Shrinking Population Means For The Global Economy (Published March 2023)
21:21 Will China’s Real Estate Crisis Hit The Global Economy? (Published October 2023)
Produced by: Christian Nunley, Anuz Thapa
Narration by: Jordan Smith
Additional Editing by: Kevin Heinz, Brad Howard, Jack Hillyer
Graphics by: Christina Locopo, Jason Reginato
Production Support: Kate Sammer
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
Additional Sources: Getty Images, Reuters
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China’s Looming Crises | CNBC Marathon
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Private security has become a major business as companies invest more in security guards, executive protection, corporate security, surveillance technology and physical security services. CNBC’s Alex Harring goes inside Allied Universal to examine what is driving demand, how technology is reshaping the private security industry and why low pay, high turnover, training and growing responsibilities remain challenges for security guards.
Chapters:
0:00 Introduction
2:16 Inside Allied Universal
5:00 Demand for security
6:44 Labor force
Produced by: Charlotte Morabito
Reporting by: Alex Harring
Edited by: Erin Black
Camera: Mickey Todiwala
Animation: Jason Reginato, Emily Park, Alisa Stern
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images, Allied Universal
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Crime Is Falling. So Why Is Private Security Booming?
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Walter Driver, CEO of video game app company Scopely, discuss the Apple’s phone application ecosystem and how entertainment and content consumption will change on smartphones.
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Scopely CEO: Personalized Content Is ‘Next Big Stage Of Entertainment’ | CNBC
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A large number of U.S. companies have operations in Ireland, and names such as Apple, Microsoft and Pfizer appear to have taken steps to stow intellectual property in the country to reduce their effective corporate income tax rates.
Members of President Donald Trump’s administration have signaled that some of that activity should return to the states.
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UPS worked with truck-launched drone-maker Workhorse Group to demonstrate how efficient drones can be to provide delivery services.
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UPS Successfully Tests Residential Delivery With Drones | CNBC
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The technology behind bitcoin may prove as transformative as the internet. With or without cryptocurrency, blockchain looks here to stay.
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