China's youth jobless rate hits a record high of 19.9 pc
Youth jobless rate in China has hit a record high of 19.9 percent, media reports said citing the country's National Bureau of Statistics (NBS).
Chinese local media portal Global Times while citing the Ministry of Education noted that the number of college graduates in 2022 is expected to reach 10.76 million, exceeding 10 million for the first time, which is 1.67 million more than 2021.
The surveyed urban unemployment in July was 5.4 percent, down 0.1 percentage points compared with the previous month, Fu Linghui, a spokesperson from the NBS, said during a press conference.
Meanwhile, Urban un...