China's younger generation is increasingly skeptical about the traditional belief that hard work guarantees success. Economic stagnation, rising living costs, and limited social mobility have eroded confidence in the meritocratic ideal that defined previous generations. Many young people now view the 'inner卷' (involution) culture—intense competition for limited opportunities—as an unavoidable reality rather than a path to prosperity. This shift reflects broader concerns about inequality and the diminishing returns of effort in a slowing economy.
Meanwhile, former President Trump has indicated he is considering firing Kimberly Guilfoyle, his former daughter-in-law and political advisor. The potential move comes amid ongoing scrutiny of her role in Republican fundraising and campaign operations. In international news, Iran has called on its citizens to prepare for a return to confrontation, signaling heightened tensions with Western powers over nuclear negotiations and regional influence.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing