China Youth Jobless Rate Hits Record 20.8% in Challenge for Policymakers
- China's youth unemployment reached a record high of 20.8% in May, up from the previous month.
- Retail sales in May rose by 12.7%, missing expectations set by a Reuters poll of 13.6%.
- May's industrial production grew by 3.5% YoY, slower than the 3.6% expected by analysts, and fixed asset investment rose by 4%, slower than the 4.4% predicted by Reuters.
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China's factory, consumer activity weakens in May, youth unemployment rises
China's consumer and factory activity weakened in May and record-breaking unemployment among young people in cities rose as an economic rebound following the end of anti-virus controls slowed.
·Korea, Republic of
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Total News Sources29
Leaning Left5Leaning Right7Center12Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
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