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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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Bias Distribution

  • 46% of the sources are Center
46% Center
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South China Morning Post broke the news in Hong Kong on Wednesday, June 14, 2023.
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