Rising Youth Unemployment in China Threatens Economy and International Relations
The rising youth unemployment rate in China, reaching a record high of 21%, poses significant challenges for the country’s economy and could have implications for the global economy. A major mismatch between job openings and the career aspirations of Chinese youth is contributing to the problem. This issue could strain the US economy, as it heavily relies on China for goods and services. Furthermore, a prolonged youth unemployment crisis in China could lead to civil unrest, political issues, and destabilize trade and supply chains. It is crucial for the Chinese government to take immediate action to address this crisis and secure the country’s economic future.