Why Youth Unemployment Is Surging In China

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 sociologist at the University of California, Berkeley. "The young people are still recovering." This comes as the world's second-largest economy faces a tougher time getting out of the Covid pandemic than many experts estimated, which has broader impacts on the ability of investors to put money to work in the country, and the struggling property sector.

problem really quite disconcerting was the youth unemployment figure it hit a fresh record of 20.8 percent for mace that's up from 20.4. the prior month this is age category from people 16 to 24 about 96 million people the statistics Bureau said six million of those are still looking for jobs.