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%.

  • ravhallBannedBanned from communityEnglish
    3·
    8 个月前

    Who said I’m not? But either way, it won’t be enough by then

    • locuester@lemmy.zipEnglish
      1·
      8 个月前

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

      • ravhallBannedBanned from communityEnglish
        31·
        8 个月前

        … 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.