China Stabilizes, in the Shadow of Country Garden and Evergrande

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China Stabilizes, in the Shadow of Country Garden and Evergrande
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A record number of Chinese college students graduated this summer, but landing their dream job may be a long shot. WSJ takes a look at why China’s youth unemployment is at all-time highs. Photo illustration: Adam Adada

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https://www.wsj.com/economy/housing/china-stabilizes-in-the-shadow-of-country-garden-and-evergrande-7574010aConsumers drove the improvement in China’s economy last quarter. More housing trouble could undermine their willingness to spend.green shoots are creeping up through the cracks. But sustaining that could be tough if major property developers keep cracking apart too.

Official data released Wednesday showed the Chinese economy grew 4.9% year-over-year in the third quarter and 1.3% quarter-over-quarter. The latter figure was nearly twice as fast as the second quarter’s 0.8% increase.Continue reading your article with

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