'China must do more to lift employment, stabilise housing market'

China acknowledges the need to boost employment and stabilize the property market. Youth unemployment reaches an unprecedented 21.3%. Major property developers struggle amid falling home prices. Efforts to reduce interest rates are made. Beijing sets an ambitious growth target of around five percent for 2024.

Mar 9, 2024 - 14:00
'China must do more to lift employment, stabilise housing market'
China acknowledges the need to boost employment and stabilize the property market. Youth unemployment reaches an unprecedented 21.3%. Major property developers struggle amid falling home prices. Efforts to reduce interest rates are made. Beijing sets an ambitious growth target of around five percent for 2024.