China’s Economic Data Black Hole: Investors Concerned Amid Slowdown

The jobless rate for the 16-24 age group in China reached a new high of 21.3 per cent in June, up from 20.8 per cent in May. This alarming statistics indicate the rising unemployment crisis among young adults in the country. The number reveals the challenges faced by young Chinese job seekers as they struggle to find opportunities in a highly competitive job market. This article will explore the causes and implications of the rising jobless rate among the 16-24 age group in China, and the efforts being made to address this crisis.