U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
I doubt it, people in full time education aren’t generally counted as unemployed.
Here’s Chinese media talking about it. They’re obviously worried, but it’s not an existential issue. The total unemployment rate is a pretty normal ~5%, the youth rate is currently just disproportionately high.
I doubt it, people in full time education aren’t generally counted as unemployed.
Here’s Chinese media talking about it. They’re obviously worried, but it’s not an existential issue. The total unemployment rate is a pretty normal ~5%, the youth rate is currently just disproportionately high.