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%.
I’m aiming for $1,000,000 by 50 to retire actually. I’ve got no clue if I’ll pull it off, but this site seems to think so: https://networthify.com/calculator/earlyretirement
I’ll honestly probably be dead by 70 anyways due to health reasons so even if I don’t hit that goal, I’m probably just going to retire anyways and yolo it
This is a very optimistic outlook! Enjoy it while it lasts.