Newsweek - The unemployment total for young Chinese city-dwellers stood at roughly 20 million, or about 12 percent, according to a Newsweek analysis of the latest statistics from China's statistics bureau.
The figure is a sign that the general economic recovery and a raft of stimulus measures have not eased the economic pressure facing China’s young people.
The world’s second-largest economy has had a bumpy ride since the end of its strict COVID-era lockdowns, amid slowing growth, tepid consumer demand and a years-long real estate downturn.
Youth, defined in China as ages 15 to 24, have been particularly hard hit, as job competition intensifies amid record numbers of university graduates—a trend that analysts warn could threaten the Chinese Communist Party’s top priority: social stability.
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