China Reports Drop in Youth Unemployment, But Experts Question Data
-
China published new youth unemployment data showing a large drop, but experts say the numbers are questionable due to changes in methodology.
-
Key groups like students and discouraged workers were excluded from the sample, skewing the data.
-
China faces long-term economic challenges like an aging workforce, declining foreign investment, a property slump, and reduced exports.
-
The unemployment crisis hits young people the hardest due to lack of experience. Over 11 million students will graduate this year into a tough job market.
-
The new statistics support the Chinese government's economic narratives, but don't address the underlying issues like directing investment to the public and services.