Strange New Catalyst for Gold ($5,000 Possible?)

Many are wondering why so many countries are frantically buying gold right now. The truth is this is just the beginning of a much larger story. One that could send gold soaring to even bigger highs in the coming months. But the best way to cash in on gold's upside might surprise you. One firm says this $6 stock could be the best way to get started.

Young Chinese opt out of the rat race and pressures at home to pursue global nomad lifestyle

By YUCHENG TANG
July 28, 2023

BANGKOK (AP) -- Shortly after China opened its borders with the end of zero-COVID, Zhang Chuannan lost her job as an accountant at a cosmetic firm in Shanghai and decided to explore the world.

"The cosmetics business was bleak," said Zhang, 34, who explained everyone wore face masks during the pandemic. After being laid off, she paid $1,400 for an online Thai course, got an education visa and moved to the scenic northern Thai city of Chiang Mai.

Zhang is among a growing number of young Chinese moving overseas to escape the country's ultra-competitive work culture, family pressures and limited opportunities after living in the country under the strict pandemic policies for three years. Southeast Asia has become a popular destination given its proximity, relatively inexpensive cost of living and tropical scenery.

There is no exact data on the number of young Chinese moving overseas since the country ended pandemic restrictions and reopened its borders. But on the popular Chinese social media platform Xiaohongshu, hundreds of people have discussed their decisions to relocate to Thailand. Many get a visa to study Thai while figuring out their next steps.

At Payap University in Chiang Mai, around 500 Chinese began an online Thai course early this year.

Royce Heng, owner of Duke Language School, a private language institute in Bangkok, said around 180 Chinese inquire each month about visa information and courses.

The hunt for opportunities far from home is partly motivated by China's unemployment rate for people aged 16 to 24, which rose to a record high of 21.3% in June. The scarcity of good jobs increases pressure to work long hours.

Opting out is an increasingly popular way for younger workers to cope with a time of downward mobility, said Beverly Yuen Thompson, a sociology professor at Siena College in Albany, New York.

"In their 20s and early30s, they can go to Thailand, take selfies and work on the beach for a few years and feel like they have a great quality of life," Thomson said. "If those nomads had the same opportunities they hoped for in their home countries, they could just travel on vacation."

During the pandemic in China, Zhang was cooped up in her Shanghai apartment for weeks at a time. Even when lockdowns were lifted, she feared another COVID-19 outbreak would prevent her from moving around within the country.

"I now value freedom more," Zhang said.

A generous severance package helped finance her time in Thailand and she is seeking ways to stay abroad long-term, perhaps by teaching Chinese language online.

Moving to Chiang Mai means waking up in the mornings to bird songs and a more relaxed pace of life. Unlike in China, she has time to practice yoga and meditation, shop for vintage clothes and attend dance classes.

Armonio Liang left the western Chinese city of Chengdu in landlocked Sichuan province for the Indonesian island of Bali, a popular digital nomad destination. His Web3 social media startup was limited by Chinese government restrictions while his use of cryptocurrency exchange apps drew police harassment.

Moving to Bali gave the 38-year-old greater freedom and a middle-class lifestyle with what might be barely enough money to live on back home.

"This is what I cannot get in China," said Liang, referring to working on his laptop on the beach and brainstorming with expatriates from around the world. "Thousands of ideas just sprouted up in my mind. I had never been so creative before."

He also has enjoyed being greeted with smiles.

"In Chengdu, everyone is so stressed. If I smiled at a stranger, they would think I am an idiot," he said.

Life overseas is not all beach chats and friendly neighbors, though. For most young workers, such stays will be interludes in their lives, Thompson said.

"They can't have kids, because kids have to go to school," Thompson said. "They cannot fulfill their responsibilities to their parents. What if their aging parents need help? They eventually will get a full-time job back home and get called back home because of one of those things."

Zhang said she faces pressure to get married. Liang wants his parents to move to Bali with him.

"It's a big problem," Liang said. "They worry they will be lonely after moving out of China and worry about medical resources here."

Huang Wanxiong, 32, was stranded on Bohol Island in the Philippines for seven months in 2020 when air travel halted during the pandemic, and he spent his time learning free diving, which involves diving to great depths without oxygen tanks.

He eventually flew home to the southern Chinese city of Guangzhou, but lost his job at a private tutoring company after the government cracked down on the industry in 2021. His next gig was driving more than 16 hours a day for a ride-hailing business.

"I felt like a machine during those days," Huang said. "I can accept a stable and unchanging life but I cannot accept not having any hope, not trying to improve the situation and surrendering to fate."

Huang returned to the Philippines in February, escaping family pressures to get a better job and find a girlfriend in China. He renewed his Bohol Island friendships and qualified as a dive instructor.

But without Chinese tourists to teach and no income, he flew home again in June.

He still hopes to make a living as a diver, possibly back in Southeast Asia, though he also may agree to his parents' proposal to emigrate to Peru to work in a family-run supermarket.

Huang recalled he once surfaced too quickly from a 40-meter (131-foot) dive and his hands trembled from a dangerous lack of oxygen, known as hypoxia. The lesson he took was to avoid rushing and maintain a steady climb. Until his next move, he plans to use that free diver discipline to counter the anxieties of living in China.

"I will apply the calm I learned from the sea surrounding that island to my real life," Huang said. "I will maintain my own pace."

Continue Reading...

Popular

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

For migrant women who land in Colorado looking for jobs, a common answer emerges: No

AURORA, Colo. (AP) — East Colfax Avenue was the best place to find a job. That's what everyone told Sofia Roca.

This Oil Investment Is Crushing Traditional Stocks - Ad

This is not your average oil play. It's an alternative investment with way more potential than traditional stocks... This oil play offers the best of both worlds -- income and growth. Take a look and discover how this oil investment leaves stocks in the dust.

North Carolina town that produces quartz needed for tech products is devastated by Helene

SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by with no reopening date in sight.

Pete Buttigieg And Elon Musk Clash Over Hurricane Aid Flight Claims

Department of Transportation Secretary Pete Buttigieg took aim at Elon Musk on Friday over allegations that federal authorities hindered flights delivering aid to Hurricane Helene victims.

Elon: Tesla Is a Robotics Company Now - Ad

Elon Musk's new plan for Tesla's future has nothing to do with electric cars... TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Ex-Jaguars worker who stole $22M from team sues FanDuel, saying it preyed on his gambling addiction

A former financial manager for the NFL's Jacksonville Jaguars who stole $22 million from the team is suing FanDuel for $250 million, saying the betting company preyed on his gambling addiction.

UK leader Starmer is on a 1-day visit to EU headquarters hoping to heal ties battered by Brexit

BRUSSELS (AP) — British Prime Minister Keir Starmer traveled to Brussels on Wednesday on a mission to try to , which disintegrated as the country left the world’s biggest trading bloc four years ago.

Man Who Picked 27 "Ten-Baggers" Now Makes Shocking New Prediction... - Ad

Across his storied career, Matt McCall has picked 27 stocks that have skyrocketed over 1,000%. Now, his next pick could blow every one of those out of the water. Because Matt's next prediction is all about the convergence of the two biggest tech trends we've ever seen. As these tech trends collide, $24 trillion hangs in the balance.

Qantas Airways apologizes after R-rated film reportedly airs on every screen during flight

NEW YORK (AP) — Qantas Airways has drawn up a stir after broadcasting a slightly-racy movie across an entire flight. And the Australian carrier now is apologizing to customers.

Chief operating officer of Truth Social's parent company resigns

The chief operating officer of Truth Social's parent company has resigned and the company must hand over almost 800,000 shares to one of its investors as part of a court ruling, according to a regulatory filing.

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

What's next for oil and gas prices as Middle East tensions heat up?

Oil prices climbed this week as tensions in the escalated. and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that may not happen.

Market Wizard Predicts "Three Years of Famine" - Ad

Hedge fund vet Larry Benedict shares his urgent forecast and reveals the one ticker to protect your portfolio.

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Jeff Brown, who recommended Nvidia in 2016, is sharing his full blueprint to help you retire comfortably using AI investments. Follow his strategy for a secure financial future.

Cathie Wood's Ark Offloads $1.28M In Jack Dorsey's Block Shares Despite Bitcoin Rally

On Tuesday, Cathie Wood-led Ark Invest made significant trades, most notably selling off shares of Block Inc. (NYSE:SQ). The SQ Trade

Polls Suggest This Candidate Holds Slim Lead In Presidential Race With One Month To Go

With one month to go, Kamala Harris is slightly ahead of Donald Trump in the presidential race, as per recent polling data.

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $6.

The EV Evolution Goes On With New Developments

Tesla Inc (NASDAQ: TSLA) is having its Robotaxi Day this week. The ‘We, Robot’ event will be held on October 10th in Hollywood as Tesla booked the massive Warner Bros. Discovery Inc. Studios to unveil its latest model.

Forget Nvidia, Apple, Tesla, and Google - Ad

Market Wizard Larry Benedict: "Forget 99% of stocks: It's possible to make all the money you need for a happy retirement with just this one."

Amazon Shutters 3 More Cashierless Go Stores In New York: Report

Amazon has closed three more Go stores in New York, reducing the total number to 17 nationwide, as part of its ongoing shift away from its cashierless convenience store model featuring "Just Walk Out" technology.

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Bathroom break at work? Swiss court upholds watchmaker's rule to do it on your own time

GENEVA (AP) — A court in Switzerland — where time is money for its famed watchmaking industry — has ruled that a dial manufacturer was justified in telling workers: If you need a bathroom break, clock out and take it on your own time.

Amazon says new technology in delivery vans will help sort packages on the fly and save time

Amazon has revealed new technology that it says will help delivery drivers avoid organizing packages at stops or manually check to see if they have the right parcel for each delivery.

Must-See 20 Second Trading Demo - Ad

Larry Benedict's hedge fund went 20 years without a single losing year and was ranked in the top 1% in the entire world by Barron's.

Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures

Massachusetts cannabis regulators have fined two prominent companies, Ascend Wellness Holdings and Curaleaf Holdings.

Struggling Retailers Brace For Halloween Consumer Spending Slump

The U.S. retail industry is set to face another blow with a predicted drop in Halloween spending, adding to the woes of debt-laden retailers grappling with increased overheads and a consumer shift towards cheaper products.

10X More Profitable Than Physical Gold? - Ad

There's a backdoor gold play that could deliver 10 TIMES bigger gains than physical gold. In fact, this single investment has outperformed gold by 10-to-1 over the past 25 years... and FAR outperformed most gold stocks

Mark Cuban's Take on Harris' Tax Policies, Trump Takes Lead In Pennsylvania Poll, DeSantis Refutes Vice President's Accusations And More: Weekend Politics Roundup

The political landscape was buzzing over the week with significant developments. From a surprising poll result in Pennsylvania to billionaire Mark Cuban's critique of Vice President Kamala Harris and Elon Musk, the weekend was filled with intriguing stories. Here's a quick roundup of the top stories from the weekend.

Meet The Companies That Could Be Behind Apple's "AiPhone" - Ad

"According to my research, these three tiny companies may be working behind the scenes to produce Apple's first ever AI-powered iPhone..." -- Luke Lango, Silicon Valley Insider

What's Going On With Futu Holdings' Stock?

Futu Holdings shares continued higher Tuesday as shares of China-based companies rise following additional stimulus measures aimed at boosting China's economy were announced over the weekend. Here's what to know.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service