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China’s new youth jobless rate does little to quell scepticism about economic data
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The unemployment rate for urban youth in China during December 2023 stood at 14.9 per cent.
PHOTO: REUTERS
BEIJING – China has resumed reporting youth unemployment figures in its monthly published economic data using a new methodology, after abruptly withdrawing the jobless rate months ago.
The numbers announced in January appear to be significantly better than the previous release, but have done little to quell scepticism about the reliability of Chinese statistics, as well as the health of the country’s economy.
