Following the Yuan

Following the Yuan

Weekly #20: The art of movie scheduling rate πŸŽ₯, Tesla lowers its stance πŸ“‰, Tmall Global’s incubation efforts 🐣| Following the yuan

One of every 3 passenger cars sold in China is an electric vehicle, thanks to discounts and subsidies.

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Yaling Jiang
Aug 15, 2023
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Today's headline has to be China's decision to stop publishing youth unemployment data, which hit a record-high rate of 21.3% in June. This news has gone viral on Twitter (at least within my circle) and within private WeChat groups.

Fu Linghui, National Bureau of Statistics spokesperson, warned last month, "[The rate] might rise next month as young individuals and graduates join the workforce." [Chinese] We perhaps anticipate another record-high and explanations, but the sudden suspension would only invite more scrutiny.

A college student at a job fair in March. China News Service via NBC news

A Weibo user remarked, β€œThis is the only effective policy addressing the high youth unemployment rate so far.” Meanwhile, many on Bilibili, a popular video streaming platform facing young users, shared personal experiences. One commented on china.org video on the platform, β€œI was unemployed for most of last year and only started working recently.”

I empathize with the statisticians, journalists, economists, and lawyers who remain committed to their professions. Yet, in this new era, they're faced with a challenging choice between that and political loyalty.

1. The art of movie scheduling rate πŸŽ₯

Following our discussion on data, another intriguing dataset that has caught my attention is the movie scheduling rate ζŽ’η‰‡ηŽ‡.

A couple of issues back, I highlighted how the Barbie movie had a dismal scheduling rate, representing the percentage of screenings in China. The scheduling rate for Barbie on its debut day was only 2.4%, prompting some users to voice their complaints on Weibo.

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