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What’s China’s unemployment rate? The CCP’s official unemployment data has a margin of error in the tens of million jobs, according to a Chinese economist. The unemployment crisis has taken a toll on the Chinese economy. Young people are feeling the pain. Where are the jobs, they asked. Many are going back to government jobs, aka “iron rice bowl.”
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We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
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References:
Chinese References:
https://news.ifeng.com/c/8BxTataEJ9Q
https://www.project-syndicate.org/commentary/china-real-unemployment-rate-by-zhang-jun-2016-04/chinese
English References:
https://www.huffpost.com/entry/chinas-rapid-recovery-in-_b_825194#:~:text=During%20the%20recession%20of%202007,a%20%24586%20billion%20stimulus%20package.
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