<b>China’s youth unemployment problem has become a crisis we can no longer ignore</b>

<p dir="ltr">Youth unemployment is a global problem, but in China the rate - <a href="https://www.visualcapitalist.com/youth-unemployment-in-oecd-and-china/#:~:text=Listed below is the youth,the second quarter of 2023.&text=Announced in June, China's youth,when it was below 10%." target="_blank">21.3%</a> - is particularly alarming, not just because it’s high, but because it could affect other economies and geopolitical relations.</p><p dir="ltr">The release of the rate, which more than doubled the pre-COVID rate of May 2018, coincided with China’s National Bureau of Statistics announcing it would no longer report age specific data because it needed to “<a href="https://www.nytimes.com/2023/08/15/business/china-youth-unemployment.html" target="_blank">improve and optimise labour force survey statistics</a>”.</p><p dir="ltr">Youth unemployment is a complex issue, but even more so in China as a result of government policy and society’s expectations.</p>