Why youth unemployment is surging in China

Why youth unemployment is surging in China


China is struggling with a expanding listing of problems — real estate, semiconductor bans and labor market place gyrations.

The world’s 2nd-most populous nation also has a significant youth unemployment challenge.

China’s urban youth unemployment price has risen to 21% as of May well 2023, up from 15.4% two many years before.

“Let us not ignore about the draconian lockdown steps,” states Fang Xu, urban sociologist at the University of California, Berkeley. “The youthful individuals are nonetheless recovering.”

This comes as the world’s 2nd-premier economic system faces a tougher time acquiring out of the Covid pandemic than numerous specialists believed, which has broader impacts on the capability of traders to set cash to perform in the country, and the struggling property sector.

View the movie above to discover more about China’s urban youth unemployment photo and how the world’s next-largest overall economy is responding.



Source

China says U.S. and Australia ‘should play a proactive role’ to bolster rare earth supply chains
World

China says U.S. and Australia ‘should play a proactive role’ to bolster rare earth supply chains

FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters China on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains. A spokesperson […]

Read More
CoreWeave CEO says Core Scientific ‘not a need to have’ as shareholder opposition to deal rises
World

CoreWeave CEO says Core Scientific ‘not a need to have’ as shareholder opposition to deal rises

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty Images CoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal. In […]

Read More
CNBC Daily Open: More people want the new iPhone — and Apple shares
World

CNBC Daily Open: More people want the new iPhone — and Apple shares

Apple CEO Tim Cook holds new iPhones during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Critics may sneer at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s “Cosmic Orange” smartphone seems to be dazzling where it counts — in sales and shares. […]

Read More