China's Youth Unemployment Crisis Amplifies Economic Troubles

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Source: The Washington Post
China's Youth Unemployment Crisis Amplifies Economic Troubles
Photo: The Washington Post
TL;DR Summary

China is facing a labor challenge as job prospects remain bleak in the aftermath of the COVID-19 pandemic. The country's economy is struggling to recover, with the property market and construction industry in decline, leading to a spike in joblessness, particularly among young people. The unemployment rate for 16- to 24-year-olds hit a record 21 percent last month. The weak economic conditions have caused widespread concerns about getting a job and earning an income, posing a challenge for the Chinese Communist Party and its leader, Xi Jinping, who have promised a better economic future and "common prosperity."

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