Spain and other southern EU countries have experienced this, and even higher unemployment rates in the past, but with China’s rather large population, we’re about 30 million young people in a country with few safety nets.

China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, providing evidence of a fading recovery.

So what is Xi going to do when these 30 million hit the streets to demonstrate? Draft them and attack Taiwan?

[–] queermunist@lemmy.ml 2 points 1 year ago (4 children)

More than a fifth of Chinese age 16 to 24 are out of work.

Does that include people in school?

[–] Dran_Arcana@lemmy.world 0 points 1 year ago (1 children)

Yeah I was going to say that seemed like a weird range to cherry pick. I have to imagine the 16-17 crowd in the US is like, 25-50% employed at best, and that's 2/9. 5-6/9 in that range are school age if you count college.

I wonder what that looks like for the US

[–] BlackKong@lemmy.world 10 points 1 year ago* (last edited 1 year ago)

it's 7.5% for the US and 13.9% for the Euro zone. India, which has a similar population to China is at 17.9% which is so much lower than I would have imagined.

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