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As growth falters, China suspends release of youth unemployment data
China will suspend the release of youth unemployment rates, whilst the central bank cuts a key interest rate in a bid to boost a declining economic growth. Youth unemployment reached a record 21.3% in June, reflecting the slump as China's post-Covid rebound fades. Various disappointing figures have suggested China may struggle to achieve its five percent growth target set for the year.
China will suspend the release of youth unemployment rates, whilst the central bank cuts a key interest rate in a bid to boost a declining economic growth. Youth unemployment reached a record 21.3% in June, reflecting the slump as China's post-Covid rebound fades. Various disappointing figures have suggested China may struggle to achieve its five percent growth target set for the year. 
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