Tuesday, August 30, 2022

Panic Mode: Beijing Deploys ‘Task Forces’ as Youth Unemployment Hits Record High

Panic Mode: Beijing Deploys ‘Task Forces’ as Youth Unemployment Hits Record High
Kong Debin/VCG/Getty Images
"The Chinese Communist government slapped its bureaucratic panic buttons on Monday, announcing various “task forces” to deal with a crumbling national economy, particularly the record-high 19.9-percent youth unemployment rate recorded in July.
...In line with Dychtwald’s analysis, the ministry noted a record crop of 10.76 million college graduates is expected to hit China’s lockdown-weakened job market by the end of 2022..."

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