no time passing… The melody is Pete Seeger’s, but the context is Shenzhen. Last night I was talking with friends, older friends of many years who have lived in Shenzhen since the early 1990s. We ended up talking about China’s population crisis and how it has been manifest in Shenzhen as the aging of menial laborers, the ongoing removal of affordable housing stock as urban villages are razed, and the flight of young families to cities like Changsha, which are actively trying to attract young people using methods that range from housing policy to social media campaigns to create a hip and friendly city image.
The current situation in Nantou illustrates how these issues come together on the ground. The sanitation crews for the area comprise older people, many who had joined their children in Shenzhen to take care of grandchildren, but once the grandchildren started attending school full-time found themselves both with time on their hands and in need of supplemental income. Many of these crew members are past the age of retirement and ineligible for retirement benefits in the city, making them a vulnerable workforce. In terms of affordable housing, Vanke has upgraded many of the handshake buildings on the two main streets in Nantou, replacing family housing with transitional rentals for singletons. Indeed, last time I went to Nantou, the rates for upgraded housing stock was 5,500 yuan a month, while older housing was still priced between 2,000 to 3,000 yuan, depending on location and size. Moreover, over two years of zero-Covid enforcement means that many mom and pop shops have closed up with generational implications. On the one hand, older entrepreneurs have lost accumulated capital and income. On the other hand, that wealth can no longer be passed on to children who may have been raised in Shenzhen, but do not have city hukou.
So yes, restructuring with a vengeance.Continue reading