Is China hiding its unemployment figures? Beijing's rising graduate numbers spark concern | Oneindia

Video Credit: Oneindia
Published on August 9, 2023 - Duration: 03:00s

Is China hiding its unemployment figures? Beijing's rising graduate numbers spark concern | Oneindia

Experts say, China's rebound after COVID-19 has been slower than expected.

Challenges like a struggling property market, rising local government debt, and subdued consumer spending led Beijing on a sluggish economic road.

China officially reported youth unemployment rate of 21% recently.

But reports say it might be just double owing to fictitious employment and around 16 million individuals adopting a 'lying flat' approach.

#ChinaUnemployment #Economy #Recession ~HT.99~PR.153~ED.101~


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