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China Parents Paying Jobless Offspring to be Children – Fortune

The full-time children trend in China has exploded as youth unemployment soars following three years of Beijing’s draconian ‘zero Covid’ policy

China may need to spend more on social services or cut outlays on other sectors to help lift consumption levels following the Covid-19 pandemic, which has made people more cautious on how they spend their money.
About 1% of working age adults in China have defaulted on debts, which limits their ability to access services and highlights the country's lack of personal bankruptcy laws to provide some debt relief. This image shows people walking on Nanjing Pedestrian Road in Shanghai (Reuters).


Chinese parents are paying their unemployed adult offspring salaries to act like children, by doing simple chores and hanging out with mum and dad, Fortune reported.

On Chinese social media, the hashtags #FullTimeDaughter and #FullTimeSon have millions of views each and feature jobless ‘children’ doing household chores such as shopping, cooking and cleaning for their parents. In June, the unemployment rate for Chinese people aged 16 to 24 was a staggering 21.3%, the report went on.

Read the full story: Fortune


  • By Sean O’Meara


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China Unemployment Situation Grave, Premier Li Warns – CNN



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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