Europe’s gentle decline is becoming more marked after a decade of crises and its job market, with its low pay, high taxes and a high cost of living, shows little sign of improving.
Much has been made lately of the fall in China’s population, but the real concern is its dwindling workforce, which peaked about a decade ago. Still, in that time China’s economy has continued to grow, putting it alongside places facing similar demographic challenges like Japan and Europe.
The war in Ukraine has prompted a rejection of all things Russian in the US and Europe, with expats now primary targets. Such sentiment is sure to ring alarm bells among Chinese living overseas, for whom the racism endured during the pandemic remains a constant threat.