Youth unemployment in China ticked up to 17.1% in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds

Youth unemployment in China ticked up to 17.1% in July, official figures showed, the highest level this year as the world’s second-largest economy faces mounting headwinds.

China is battling soaring joblessness among young people, a heavily indebted property sector and intensifying trade issues with the West.

Chinese Premier Li Qiang, who is responsible for economic policy, called Friday for struggling companies to be “heard” and “their difficulties truly addressed,” according to the state news agency Xinhua.

The unemployment rate among 16- to 24-year-olds released Friday by the National Bureau of Statistics (NBS) was up markedly from June’s 13.2%.

      • locuester@lemmy.zipEnglish
        1·
        3 months ago

        I thought that was your implication above about a bullet to the head being your retirement

        • ravhall@discuss.onlineEnglish
          31·
          3 months ago

          … right? that’s the plan since I doubt there will be resources available.

          None of those retirement planner websites calculate for inflation and other things like the effects of climate change on the economy, etc.