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They are own goaling their economy with these counter productive pencil pusher jobs that provide zero or negative input to the economy.
Real estate crisis, reduction of jobs especially in the younger population, lack of investment from overseas because of zero covid for too long forcing companies to move supply chains and that's before picking a fight with everyone causing uncertainty which makes it less investable.
Cutting down the "private" sector which provided the majority of the jobs because that would threaten pooh bear.
It'll make China weaker in the long run, but the people in charge won't care, they'll be long dead before then. All the people in the top powers are all multi billionaires, even if they lost 95 percent of their wealth they would still live extremely comfortably.
As for the general populace, I like to use the Kim Jong Un anology - a fat man within a nation of skinny men. Not really of importance to the ruling elite.
You seem to have absolutely no idea what you are talking about - I'd suggest picking up a book sometime.
Huh? Do you think America doesn't have pencil pushing leaches?
They're called business degrees...
At least talk about their over production of housing or something.
Well let's see, I don't know because I don't live there. Not everyone/everything lives in/revolves around America.
In any case I'll bite then. Everyone I know who's in business degrees are of minimum big 4 or in an investment bank at a minimum, the smarter ones have their own small business.
Are you seriously saying those are less productive than someone who censors information and makes it harder for people to conduct business?
And to your second point the overproduction of housing is two fold, firstly it's one of the very few investable resources there and second the local government needed to sell the housing to raise taxes and needed to build despite demand or lack of due to keeping people in a job.
Yes, they're unproductive leeches by definition, because they don't produce anything of value.
Glad we cleared that up.
So if small businesses aren't what you call producing anything of value then what would you consider would be something that does produce something of value? Out of curiosity.
Because those small businesses are providing services to the community/other businesses which wouldn't be able to function without them. That's not the case with the censorship pencil pushers the businesses there would be able to function better without the extra layer of bureaucracy.
And big 4 accounting and investment banking is required, they fill a market in outsourcing by providing expertise where it doesn't make sense for every company to have a full time employee on it. Good for short term projects the places I worked in all use them. Investment banking well you have to spend money to make money so yes they're providing value by providing the investment for other businesses to grow.