Record-breaking figures for joblessness among young workers weaken the Chinese economy's near- and long-term prospects.
Young job seekers looking at employment information at a job fair in Hangzhou, China. Credit: ChinaImages via Depositphotos
This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4 percent in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.
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