China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world’s second-most populous country also has a major youth unemployment problem. China’s urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier. “Let’s not forget about the draconian lockdown measures,” says Fang Xu, urban…
China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations.China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.
"Let's not forget about the draconian lockdown measures," says Fang Xu, urban sociologist at the University of California, Berkeley."The young people are still recovering."
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